Canadian Cannabis Stock Moves Higher on Sales Milestone

LGC Capital Ltd. (TSXV:LG), a Canadian cannabis stock, jumped after announcing that Global Canna Labs has been approved to begin commercial medical cannabis sales in Jamaica

Sean Mason | April 4, 2019 | SmallCapPower

A sunny sales announcement was good news for more than a few Canadian cannabis stock investors Thursday. Here’s some small stocks making big moves on Thursday, April 4, 2019 (as of 4 pm EST):

LGC Capital Ltd. (TSXV:LG), a Canadian cannabis stock, climbed 30% to $0.13 on Thursday after announcing that is has been advised that Global Canna Labs has now received their formal approvals late in March from the Jamaican Cannabis Licensing Agency to commence commercial medical cannabis sales domestically to licensed dispensaries.

Related: Ubika Alpha initiates coverage of LGC Capital with a BUY rating

For Our Complete Coverage Of Canadian Marijuana Stocks Click Here      

As well, shares of Canada Jetlines Ltd. (TSXV:JET) fell 12% to $0.52 as the pending ultra-low cost carrier airline said it has set a launch of commercial service targeted for December 17, 2019. The Company added that it and AerCap have mutually agreed to terminate the leases for two Airbus A320 aircraft, and Jetlines has entered into a letter of intent with its partner, SmartLynx Airlines SIA, for the lease of two alternate Airbus A320 that will be available for delivery in Q4 2019.

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D-BOX Technologies Inc. (TSX:DBO), meanwhile, reported that it has signed another agreement to install recliner motion seats in Galaxy Theatres’ brand new state-of-the-art theatre in the Boulevard Mall in Las Vegas. D-BOX Technologies stock moved up 3% to $0.17 following the announcement.

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

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