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Marijuana Producer Jumps 356% in Canada Pot-Stock Frenzy

  • Canada a ‘perfect’ market for marijuana companies, CEO says
  • Government legalizaton task force to deliver report Wednesday
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South American Marijuana Producer ICC Lists in Canada

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The frenzy surrounding Canadian marijuana stocks, fueled by the country’s march toward legalization, intensified Tuesday after shares of one producer rose as much as fivefold in Toronto.

ICC International Cannabis Corp. debuted on the TSX Venture Exchange and closed 356 percent higher at C$1.14. The Uruguayan company is one of several marijuana companies to post spectacular gains in Canadian trading this year.