Cannabis stocks on the TSX were generally up an from about 5% to as much as 17% on Monday and many are continuing their run this morning.   Some of the movement may have been attributed to anticipated announcements of supply contracts with the Ontario Cannabis Store (OCS) today.
Canopy Growth (TSX:WEED) was up almost 11% on heavy trading volume, still riding upward momentum as the Constellation Brands news continues to circulate.On August 20, Canopy Growth announced that the Ontario Cannabis Store selected the company’s Tweed brand to supply cannabis through its online channel beginning October 17, 2018.

Canopy Growth said that it will list more than 100 products available for purchase to customers in Ontario. The products include dried flower, soft gel capsules, pre-rolled joints, and oils.   In an interview covered by Cannabis Daily last week, Canopy CEO Bruce Linton said that the company will be employing vertical integration in markets where it can in order move operating margins where the company sees advantage.

With Ontario’s announcement that it will allow private retailer distribution, the company, as well as others in the space may examine the feasibility of setting up their own branded stores.