Canadian Cannabis Stock Surges on Supply Deal

Harvest One Cannabis Inc. (TSXV:HVT), a Canadian cannabis stock, moved sharply higher after announcing an agreement to become a cannabis supplier to Shoppers Drug Mart

Sean Mason | March 18, 2019 | SmallCapPower

A supply agreement with a big pharmacy chain sparked interest in a Canadian cannabis stock Monday. Here’s some small stocks making big moves on Monday, March 18, 2019 (as of 4 pm EST):

Harvest One Cannabis Inc. (TSXV:HVT), a Canadian cannabis stock, climbed 25% to $0.99 Monday after announcing that it has entered into an agreement to become a medical cannabis supplier to Shoppers Drug Mart.

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As well, shares of Lydian International Limited (TSX:LYD) slipped 14% to $0.095 as the gold junior said its Chief Financial Officer, Douglas Tobler, has submitted his resignation, effective June 14, 2019.

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Graphite One Inc. (TSXV:GPH), meanwhile, reported results from the 2018 Field Program at its Graphite Creek Project in Alaska, which included 16.3 metres of 11.93% graphite. Graphite One stock popped 16% to $0.29 following the announcement.

Finally, Mondias Naturals Inc. (TSXV:NHP) shares jumped 21% to $0.29 after the botanical products developer announced what it called “positive” results from its greenhouse production tests conducted in collaboration with McGill University and a leading cannabis producer on its proprietary CELEXT07 bio-defense stimulant plant extract.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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