Canadian Cannabis Stock Surges on Update

Namaste Technologies Inc. (TSXV:N), a Canadian cannabis stock, moved sharply higher after providing a corporate update

Sean Mason | April 25, 2019 | SmallCapPower

Corporate improvements caught the attention of more than a few Canadian cannabis stock investors Thursday. Here’s some small stocks making big moves on Thursday, April 25, 2019 (as of 4 pm EST):

Namaste Technologies Inc. (TSXV:N), a Canadian cannabis stock, climbed 23% to $0.90 on Thursday after announcing that it has made advancements to Namaste MD, improved its focus on operational execution at CannMart and made further advancements at CannMart Labz. Namaste also said it has expanded its relationship with a major Canadian merchant account provider, which has arranged domestic and international payment solutions for the Company.

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As well, shares of Crescita Therapeutics Inc. (TSX:CTX) jumped 6% to $0.73 as the commercial dermatology company said it has entered into a commercialization license agreement with Cantabria Labs, granting Cantabria Labs the exclusive rights to sell and distribute Pliaglis in Italy, Portugal, France and Spain.

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Albert Mining Inc. (TSXV:AIIM), meanwhile, reported that Dinesh Kandanchatha, a founder of Patriot One Technologies, has been appointed Chairman of Albert’s Board of Directors. Albert Mining stock moved up 10% to $0.115 following the announcement.

Finally, Osisko Mining Inc. (TSX:OSK) shares rose 4% to $2.85 after the gold junior announced new infill drilling results from the ongoing definition and expansion program at its 100% owned Windfall gold project in Québec, which included 489 g/t gold over 3.7 metres.

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

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