Canadian Cannabis Stock Goes Higher on Supply Deal

Delta 9 Cannabis Inc. (TSX:DN), a Canadian cannabis stock, rose after announcing a supply agreement with the British Columbia Liquor Distribution Branch

Sean Mason | October 4, 2019 | SmallCapPower

A distribution agreement involving B.C. ‘bud’ boosted a Canadian cannabis stock Friday. Here’s some small stocks making big moves on Friday, October 4, 2019 (as of 4 pm EST):

Delta 9 Cannabis Inc. (TSX:DN), a Canadian cannabis stock, climbed 9% to $0.71 on Friday after announcing that the British Columbia Liquor Distribution Branch has provided the Company with authorization to supply non-medical cannabis for retail sale in the province of British Columbia.

For Our Complete Coverage Of Canadian Marijuana Stocks Click Here    

As well, shares of Tidewater Midstream and Infrastructure Ltd. (TSX:TWM) slipped 11% to $1 as the midstream energy and infrastructure company said it has agreed to acquire Husky Energy Inc.’s light oil refinery in Prince George, British Columbia for a base purchase price of $215 million.

Win Big With Our Small Cap Picks


Evergold Corp. (TSXV:EVER), meanwhile, reported that it has completed an initial public offering of 17.25 million units of the Company at a purchase price of $0.20 per unit for gross proceeds of $3.45 million. Evergold is exploring its Snoball and Golden Lion properties in British Columbia’s Golden Triangle. Evergold stock moved up 5% to $0.21 on its first day of trading.

Finally, Nubeva Technologies Ltd. (TSXV:NBVA) shares rose 39% to $0.125 after the SaaS software developer announced that it received the 2019 Stratus Award from the Business Intelligence Group.

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: