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These Cannabis Stocks Were Up in Premarket Trading

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Dec. 19 2018, Published 8:58 a.m. ET

Stocks trading higher

On December 19 at 8:40 AM EST, Tilray (TLRY) was trading with a gain of nearly 4.6% at ~$80. The stock kept climbing after it gained 16% in the December 18 trading session.

The spike in the company’s stock price was primarily fueled by its announcement of its partnership with Novartis’s generic drug arm, Sandoz, to take cannabis-infused medical drugs global. These two companies may also introduce co-branded products, which would be a huge deal for Tilray on the back of its global brand recognition opportunity.

Other stocks (HMMJ) that were up in premarket trading included Aurora Cannabis (ACB) (ACBFF), which was up 1.3%, and Canopy Growth (WEED), which was trading almost 50 basis points higher.

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