Canadian Cannabis Stock Climbs on CBD Supply Deal

LiveWell Canada Inc. (TSXV:LVWL), a Canadian cannabis stock and hemp company, moved higher after announcing an agreement to supply cannabidiol (CBD) wholesale products

Sean Mason | October 30, 2018 | SmallCapPower

A cannabidiol (CBD) supply agreement lifted a hemp and Canadian cannabis stock Tuesday. Here’s some small stocks making big moves on Tuesday, October 30, 2018 (as of 4 pm EST):

LiveWell Canada Inc. (TSXV:LVWL), a Canadian cannabis stock and hemp company, jumped 25% to $0.84 on Tuesday after announcing that it has partnered with Vitality CBD Natural Health Products Inc to sign a binding term sheet with Global Wellness Distributors, LLC, a Nevada entity controlled by a U.S. private equity firm, for the supply of cannabidiol (CBD) wholesale products in North America.

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As well, shares of Guyana Goldfields Inc. (TSX:GUY) plunged 47% to $1.62 as the gold miner said it is revising its 2018 gold production guidance downward to 150,000-155,000 ounces, adding that “grades have not rebounded as quickly as anticipated in the fourth quarter.”

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Blackrock Gold Corp. (TSXV:BRC), meanwhile, reported the appointment of Brian Morris as President of Blackrock Gold (US) Corp., the Company’s wholly-owned U.S. subsidiary. Mr. Morris is the former Senior Vice President of Exploration at Klondex Mines and will direct the exploration program at Blackrock’s Silver Cloud gold project in Nevada. Blackrock Gold stock moved up 7% to $0.075 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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