[Special Stock] WooriBio Rises on Government's Marijuana Regulation Easing

[Asia Economy Reporter Hwang Junho] As the government announced the relaxation of regulations related to the manufacturing, import, and possession of cannabis-based medicines, Woori Bio is showing strong performance in the stock market on the 11th.

As of 1:40 PM on the same day, Woori Bio's stock price recorded 4,230 KRW, up 12.95% from the previous session. The rise is analyzed to be the result of increased expectations following the government's easing of regulations on the use of cannabis-based medicines.

Woori Bio is a company approved for medical cannabis cultivation and cannabis component research.