We’re back again to take look at the cannabis industry’s top performers for the week. Out of over 200 publicly listed cannabis companies, there were some noteworthy gainers in the mix. Using our criteria of being up over 5% on the week and having market capitalizations of $30 million USD or more, this week's 4 biggest marijuana stock winners are:

22nd Century Group, Inc. (NYSE:XXII)

22nd Century Group, Inc. is a biotechnology company focusing on developing, marketing and licensing genetically-modified marijuana plants as well as tobacco plants. This week the company announced they hired former BAT head of plant biotechnology. Shares of 22nd Century had a good week with the news. Monday morning at the open, shares were trading at $2.38 USD, and closed Friday at $2.65 USD. This change in price represents a gain of over 11.34% on the week.

Aphria Inc. (TSX:APH) (OTC:APHQF)

Aphria Inc. produces, supplies and sells medical cannabis under Health Canada's ACMPR as an authorized licensed producer. Earlier this week, the company announced that it has entered into an agreement to become a medical cannabis supplier to Shoppers Drug Mart. Monday morning at the open, shares of Aphria’s OTC listing were trading at $9.29 USD. On Friday, shares of their OTC listing closed at $10.49 USD.  This change in share price represents a gain of almost 13% on the week.

Insys Therapeutics Inc. (NASDAQ:INSY)

INSYS Therapeutics is a specialty pharmaceutical company that develops and commercializes innovative drugs and novel drug delivery systems. This week, the company announced that its new drug application (NDA) for a novel formulation of buprenorphine as a sublingual spray for the management of moderate-to-severe acute pain has been accepted for filing by the U.S. Food and Drug Administration (FDA). On Monday at the open, shares of INSYS were trading at $5.34 USD. By Friday, they closed at $6.09.  This change in share price represents a gain of over 14% on the week.

Stony Hill Corp. (OTC:STNY)

Stony Hill Corp., founded by Damian Marley, is a diversified company focused on multiple areas of cannabis, hemp and CBD industries.  Last week the company announced that they would be presenting at the 10th annual LD Micro Main Event on Wednesday, December 6. Because of wildfires in Southern California, the event was cancelled. Monday morning at the open, shares of Stony Hill were trading at $2.55. By Friday the stock closed at $2.75. This change in share price represents a gain of over 7.84% on the week.

 

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