Cannabis penny stocks had a rough start to the week, but this morning it seems to have turned all around!

The major cannabis stocks are also trading green today on both US and Canadian exchanges, which may be the reason for the upswing in penny stocks. 

Today, we’ll take a closer look at the penny stocks trending on the TSXV this morning.

OrganiGram Holdings Inc. (TSXV:OGI)

OrganiGram Holdings produces and sells medical marijuana to patients and physicians in Canada. The cannabis company is headquartered in Moncton, New Brunswick, and just barely makes the penny stock cut list today.

Yesterday, OrganiGram announced that Farm Credit Canada has extended a $10 million loan facility to the company. The company says that the loan will play a significant role in the expansion of its Moncton office. 

The completion of the expansion will be set in phases, and the first phase should be done in April of 2019. The second phase of renovations is expected to be completed in August. This loan is payable in five years’ time at a variable interest rate. OrganiGram feels that its expansion will boost the production of its company. 

According to Yahoo Finance, the cannabis penny stock is trading at $4.86 a share, up +$0.12 (+2.53%).

Emerald Health Therapeutics, Inc. (TSXV:EMH)

Emerald Health Therapeutics operates out of Victoria, BC. The cannabis company was formerly a pharmaceutical company but changed its direction to cannabis back in mid-2015. This morning, Emerald Health is among the top trending cannabis penny stocks on the TSXV.

Yesterday, Emerald announced that its 50% joint venture with Pure Sunfarms received a cultivation license from Health Canada.