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Here's why the Creso Pharma (ASX:CPH) share price is up 7%


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. ....

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