A license amendment approval caused a Canadian cannabis stock to sprout higher Monday. Here’s some small stocks making big moves on Monday, December 16, 2019 (as of 4 pm EST):
Eve & Co Incorporated (TSXV:EVE), a Canadian cannabis stock, surged 36% to $0.19 on Monday after announcing that Health Canada has approved an amendment to the license of its wholly-owned subsidiary, Natural MedCo Ltd., which would expand its growing operation by 780,000 square feet.
As well, shares of Touchstone Exploration Inc. (TSX:TXP) soared 79% to $0.42 as the oil and gas producer/explorer said it has made what the Company calls “a significant crude oil discovery” on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago.
Valens GroWorks Corp. (TSXV:VGW), meanwhile, provided Q4 2019 revenue guidance of $27 million to $30 million, a near doubling of Q3 2019 reported revenue and resulting in estimated 2019 annual revenue of $55 million to $58 million. Valens GroWorks stock moved up 6% to $3.08 following the announcement.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
To read our full disclosure, please click on the button below:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
Eve & Co Incorporated (TSXV:EVE), a Canadian cannabis stock, surged 36% to $0.19 on Monday after announcing that Health Canada has approved an amendment to the license of its wholly-owned subsidiary, Natural MedCo Ltd., which would expand its growing operation by 780,000 square feet.
