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        <title><![CDATA[Cannabis stocks soar on hopes pot wards off coronavirus]]></title>
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            <media:title type="html">Cannabis stocks soar on hopes pot wards off coronavirus</media:title>
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        <content:encoded><![CDATA[<p>Cannabis company stocks are skyrocketing as investors are high on new hopes that marijuana <strong>might help ward off the deadly coronavirus</strong>.</p><p>Shares in major pot firms climbed in late trading Thursday after The Post reported on a Canadian study showing that certain strains of cannabis may help prevent COVID-19 from entering host cells.</p><p>Canadian pot giant Canopy Growth Corporation saw its stock jump 7.8 percent to close at $18.25 thanks to a spike in the final hour of trading. The shares had climbed another 0.5 percent in premarket trading Friday to $18.34 as of 9:19 a.m.</p><p>British Columbia-based Tilray&#8217;s shares also surged late to close up nearly 20 percent at $9.65, followed by a roughly 2 percent jump before Friday&#8217;s opening bell.</p><figure id="attachment_15708136"  class="wp-caption aligncenter"><strong><noscript><img data- data-src="/uploads/2020/05/200522-tilray-cannabis-stock.jpg" class="lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" /><noscript><img  data-src="/uploads/2020/05/200522-tilray-cannabis-stock.jpg" /></noscript></noscript><img class="lazyload" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20210%20140%22%3E%3C/svg%3E' data- data-src="/uploads/2020/05/200522-tilray-cannabis-stock.jpg" /></strong><figcaption class="wp-caption-text"><span>Cannabis plants are pictured in a greenhouse owned by Tilray.</span><span class="credit">Patricia de Melo Moreira/AFP via Getty Images</span></figcaption></figure><p>The ETFMG Alternative Harvest ETF, an exchange-traded fund that targets the global cannabis industry, ended Thursday up 6 percent at $13.47 and climbed another 1.3 percent in premarket trading Friday.</p><p>And shares in Alberta-based Aurora Cannabis got a late boost to close up more than 36 percent Thursday at $17.40 after it announced it was buying American CBD firm Reliva. The stock was recently down 7.4 percent in premarket trading after Jeffries analysts reportedly <strong>cast doubt</strong> on the company&#8217;s short-term strength.</p><p>The research inspiring the boost showed that at least 13 cannabis plants could block proteins that create a &#8220;gateway&#8221; for the new coronavirus to enter host cells. The strains are all high in CBD — the anti-inflammatory found in some consumer products — and low in THC, the psychoactive component of pot, according to the findings.</p><p>But the study published in the online journal Preprints has not yet been peer-reviewed. It was carried out by cannabis research firms Pathway Rx and Swysh Inc.</p>]]></content:encoded>
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