A new Canadian cannabis stock generated plenty of speculation Tuesday. Here’s some small stocks making big moves on Tuesday, April 30, 2019 (as of 4 pm EST):
CanadaBis Capital Inc. (TSXV:CANB), a Canadian cannabis stock, climbed 42% to $0.51 after it began trading on Tuesday following the completion of its previously-announced qualifying transaction. The Company will operate the business of Stigma Grow and continue to be focused on producing high-quality and uniquely-crafted cannabis products for the Alberta market.
As well, shares of Transat A.T. Inc. (TSX:TRZ) soared 46% to $8.29 as the integrated international tourism company said it is in preliminary discussions with more than one party concerning the potential sale of the Company.
GoldON Resources Ltd. (TSXV:GLD), meanwhile, reported that it has entered into a binding Letter of Intent with Great Bear Resources Ltd., wherein GoldON has the option to earn an initial 60% interest and a subsequent 100% interest in Great Bear’s West Madsen gold property. GoldON Resources stock popped 25% to $0.35 following the announcement.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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CanadaBis Capital Inc. (TSXV:CANB), a Canadian cannabis stock, climbed 42% to $0.51 after it began trading on Tuesday following the completion of its previously-announced qualifying transaction. The Company will operate the business of Stigma Grow and continue to be focused on producing high-quality and uniquely-crafted cannabis products for the Alberta market.
