Hill Street Beverage Company Inc. (TSXV:BEER), a beverage stock, climbed after announcing that it has signed a definitive agreement with Lexaria Bioscience
Cannabis infusion news appeared to quench the thirst of a few beverage stock speculators Tuesday. Here’s some small stocks making big moves on Tuesday, July 31, 2018 (as of 4 pm EST):
Hill Street Beverage Company Inc. (TSXV:BEER), a beverage stock, surged 17% to $0.205 on Tuesday after announcing that it has signed a definitive agreement with Lexaria Bioscience Corp. to license Lexaria’s DehydraTECH, on a semi-exclusive basis, for a term of five years, to produce a line of cannabis-infused, alcohol-free beverages for Canadian distribution, following regulatory approval.
As well, shares of Baytex Energy Corp. (TSX:BTE) slipped 3% to $4.04 as the oil and gas producer said its second-quarter production rose 2% quarter over quarter to average 70,664 boe/d, while its net loss per share for the period of $0.25 missed the analyst consensus estimate.
Sokoman Iron Corp. (TSXV:SIC), meanwhile, reported that Eric Sprott will subscribe for 13.35 million units of its non-brokered private placement at a price of $0.15 per unit. The Company intends to raise up to $3 million. Sokoman Iron stock popped 17% to $0.24 following the announcement.
Finally, BluMetric Environmental Inc. (TSXV:BLM) shares jumped 11% to $0.205 after the cleantech company announced that it has been awarded a new $14.4 million contract from the Government of Canada’s Department of National Defence for service and support of the Shipboard Reverse Osmosis Desalination Water Purification Units for the Royal Canadian Navy during the next three years.
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.
Hill Street Beverage Company Inc. (TSXV:BEER), a beverage stock, surged 17% to $0.205 on Tuesday after announcing that it has signed a definitive agreement with Lexaria Bioscience Corp. to license Lexaria’s DehydraTECH, on a semi-exclusive basis, for a term of five years, to produce a line of cannabis-infused, alcohol-free beverages for Canadian distribution, following regulatory approval.
