Creso Pharma Ltd(ASX: CPH) share price has climbed well into the green in early trade today.
Cresco Pharma shares are now exchanging hands at 11.75 cents apiece, an almost 7% gain from the open.
What is Creso Pharma?
Creso Pharma develops and commercialises pharmaceutical cannabis and psychedelic compounds to treat health and medical conditions.
The company has a wide footprint across Switzerland, Australia, Canada, Colombia and Israel, but realises most revenue from Europe and the Middle East.
Creso Pharma has a market capitalisation of $131 million at the time of writing.
What’s behind today’s gains?
Halucenex is a research company focused on developing novel psychedelic compounds. These products are then sold to the pharmaceutical markets.