Through its wholly owned subsidiary, Canna Farms Limited, VIVO Cannabis (VIVO) launched an integrated Canna Farms medical cannabis website today. The platform is expected to act as a single point of source to access a broad range of medical cannabis, including the Beacon Medical and Canna Farms brands.
Registered medical cannabis patients can access the platform, which offers 40 different cannabis strains and 100 different SKUs, through the Canna Farms website. In a statement, VIVO CEO Barry Fishman stated, “Supplying the market with high-quality, standardized, medical-grade cannabis is a primary focus for VIVO. We are proud to say that we now provide one of the broadest offerings of medical cannabis products in Canada,” reported New Cannabis Ventures.
The new integrated medical cannabis website appears to have increased investors’ confidence as the company was trading in the green today. As of 11:05 AM ET, the stock was trading 4.9% higher.
Also, VIVO started 2019 on a strong note with its stock price rising 45.1% year-to-date as of March 4. During the same period, peers MedMen Enterprises (MMEN)(MMNFF), iAnthus Capital Holdings (ITHUF)(IAN), and Trulieve Cannabis (TCNNF)(TRUL) have returned 2.3%, 30.9%, and 48.5%, respectively. The Horizons Marijuana Life Sciences Index ETF (HMMJ), which tracks the North American Medical Marijuana Index, has returned 53.9%.