Yahoo Finance Pot Stocks & Biotech Stocks Trending In August 2018
CORAL GABLES, FL / ACCESSWIRE / August 15, 2018 / There is no lack of excitement this morning as trade tensions continue to loom during the pre-market hours. Turkey certainly has shifted a lot of the focus over the last 24 hours and many stocks are dipping during pre-market hours. There are, however, a number of other stocks that are making big moves after posting significant announcements this month. Today, in particular, there are 3 stocks that have attracted attention in the market.
GT Biopharma (GTBP) has been targeting key therapies in its pharmaceutical pipeline this year. Recent announcements that the company has a Material Transfer Agreement between a Major Pharmaceutical Company and Dr. Daniel Vallera, Director, Section of Molecular Cancer Therapeutics at the Masonic Cancer Center, University of Minnesota, has brought some attention to the company.
Though this ''Major Pharmaceutical Company'' has not been named yet, under the terms of the agreement, this Company will supply a formulation of their multibillion-dollar, widely prescribed oncology drug, which has been approved for use in several hematologic malignancies to Dr. Vallera to be used in this study. Initial pre-clinical work performed by Dr. Vallera suggests a much greater effect when OXS-1550 is given in combination with this established oncology drug.
GT Biopharma's Chief Executive Officer, Dr. Raymond W. Urbanski, will be presenting at the Wedbush PacGrow Healthcare Conference today and will provide a corporate overview as well as highlight the company's proprietary technology platforms.
More information On GT Biopharma, Click Here
Canopy Growth (CGC) (WEED.TO) is having a banner day after it was announced that Constellation Brands (STZ) is upping its bet on the cannabis industry, announcing an additional $4 billion stake in Canopy Growth on Wednesday.
"Over the past year, we've come to better understand the cannabis market, the tremendous growth opportunity it presents, and Canopy's market-leading capabilities in this space," Constellation Brands CEO Rob Sands said in a statement.
Pre-market saw the stock hitting highs of $40 per share.
More information On Canopy, Click Here
Staffing 360 Solutions, Inc. (STAF) is set for a green open after the company reported second-quarter results on Wednesday morning. Revenue grew by 42% to $59.7 million, gross profit grew by 50% to $11.9 million, and gross margin strengthened to 19.9%.
Brendan Flood, Chairman, and Chief Executive Officer stated, ''Q2 2018 was another record revenue quarter for STAF 360 and continued the validation of our strategy. We experienced an increase in the number of temporary contractors deployed and a higher number of temporary contractor hours billed; while at the same time saw strength in the permanent placement business.''
Staffing 360 reached morning highs of $3.48 on Wednesday.
For More Information On Staffing 360 Solutions, Click Here.
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