CV Sciences Inc (CVSI)

[Alziyuguru]

Analyst Said CITRON's Note Contained"Unfounded Allegations"and Was Biased--US cannabis stock
Weed stocks rally ahead of holiday weekend, Tilray set to hit record high--MARKETWATCH-8/31/2018

Weed-maker Tilray Inc.(TLRY) rebounded Friday, rising 10% in afternoon trading, hitting an intraday record. If Tilray(TLRY) closes above $62.13 it will reach a record high. The stock is trading at $65.08 as of 1:46 p.m. Eastern Time. Other cannabis stocks listed on major U.S. exchanges also rallied in Friday trading. Cronos Group Inc.(CRON) was up 8.7% Friday, after Citron Research made a short call Thursday that send shares plummeting; Analyst said the Citron note contained "unfounded allegations" and was biased. Canopy Growth Corp.(CGC) also rose Friday, gaining 3.6%. While pot is illegal under U.S. federal law, Canada is set to legalize the drug Oct. 17. Horizon Marijuana Life Science Index ETC , which tracks more than 20 cannabis companies in North America and trades on the Toronto Stock Exchange, gained 1.3% Friday.

*GMP Securities analyst Martin Landry said the Citron’s claims were “unfounded and biased.”