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Stocks to watch on the Australian stock exchange:

AC8 – AUSCANN – up 33 cents, or 26.19 per cent, at $1.59

BDA – BOD AUSTRALIA – up 4.5 cents, or 7.5 per cent, at 64.5 cents

CAN – CANN GROUP – up 11 cents, or 2.82 per cent, at $4.01

THC – THE HYDROPO COMPANY – up 7.0 cents, or 7.49 per cent, at $1.005

Medicinal cannabis stocks continue to rise a day the Australian government approved the exporting of their products.

BBG – BILLABONG INTERNATIONAL – up 2.5 cents, or 2.6 per cent, at 98.5 cents

Billabong is recommending shareholders accept a formal buyout proposal by the owner of Quiksilver, Roxy and DC Shoes.

BGA – BEGA CHEESE – down 18 cents, or 2.49 per cent, at $7.04

Bega Cheese shareholders have approved the institutional placement component of last year’s $160 million capital raising, giving the food and dairy firm further scope to expand.