Biotech Stock Climbs on Cannabinoid Beverage LOI

Naturally Splendid Enterprises Ltd. (TSXV:NSP), a biotech stock, moved higher after announcing that CROP Infrastructure will now utilize NSP’s HempOmega powder in its “CannaDrink”

Sean Mason | October 3, 2018 | SmallCapPower

Development of a cannabinoid beverage was good news for investors in a biotech stock Wednesday. Here’s some small stocks making big moves on Wednesday, October 3, 2018 (as of 4 pm EST):

Naturally Splendid Enterprises Ltd. (TSXV:NSP), a biotech stock, gained 24% to $0.31 on Wednesday after announcing that CROP Infrastructure Inc. (CSE:CROP) will now utilize Naturally Splendid’s proprietary HempOmega powder, created from microencapsulated hemp seed oil, in its “CannaDrink” functional beverage line currently being developed.

Win Big With Our Small Cap Picks

 

As well, shares of North American Construction Group Ltd. (TSX:NOA) added 11% at $13.85 as the provider of heavy construction and mining services said it has agreed to acquire the heavy construction equipment fleet and related assets of Aecon Group for $199.1 million in cash.

Neovasc Inc. (TSX:NVCN), meanwhile, reported what it called “positive” 12-week follow-up data from the first U.S. patient implanted with a Neovasc Reducer, a CE-Marked medical device for the treatment of refractory angina. Neovasc stock popped 17% to $3.36  following the announcement.

Finally, Edison Cobalt Corp. (TSXV:EDDY) shares rose 21% to $0.085 after the cobalt junior announced that the summer prospecting program on its Kittson-Cobalt Property near the town of Cobalt, Ontario has identified a new zone of gold-rich cobalt mineralization located approximately 600 metres north of the historic Kittson mine, with sample results of up to 2.18% cobalt and up to 7.83 g/t gold.

Edison Cobalt Corp (TSXV:EDDY) is a featured sponsored company and has paid SmallCapPower.com a fee for coverage. To learn more, see our full disclosure HERE >>

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

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: