Canadian Cannabis Stock Powers Higher on License Award

Radient Technologies Inc. (TSXV:RTI), a Canadian cannabis stock, climbed after announcing that it has received its Standard Processing License from Health Canada

Sean Mason | February 4, 2019 | SmallCapPower

A processing license was great news for investors in a Canadian cannabis stock Monday. Here’s some small stocks making big moves on Monday, February 4, 2019 (as of 4 pm EST):

Radient Technologies Inc. (TSXV:RTI), a Canadian cannabis stock, surged 42% to $1.15 on Monday after announcing that it has received its Standard Processing License from Health Canada, permitting Radient to legally process, sell, and distribute cannabis materials to other federal cannabis license holders.

For Our Complete Coverage Of Canadian Marijuana Stocks Click Here     

As well, shares of Namaste Technologies Inc. (TSXV:N) fell 15% to $1.18 as the medical cannabis products company said its CEO Sean Dollinger was dismissed for cause and the Company has begun legal action against him for damages and disgorgement.

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Max Resource Corp. (TSXV:MXR), meanwhile, reported that it has entered into a Sponsorship Agreement with Star Finance GmbH, a private company based in Steinhausen, Switzerland and Cologne, Germany, for European corporate communication services. Max Resource stock moved up 47% to $0.265 following the announcement.

Finally, Aleafia Health Inc. (TSX:ALEF) shares rose 7% to $2.65 after the Canadian cannabis company announced that it has appointed Dr. Graham Merry as the Company’s first Product Data Science Fellow. Aleafia added that it has generated $0.6 million in research revenue in Q3 2018 alone, fueled primarily by medical cannabis companies subscribing to Aleafia Health’s proprietary medical cannabis patient dataset.

Aleafia Health and Max Resource are featured sponsored companies and have paid SmallCapPower.com a fee for coverage. To learn more, see our full disclosure HERE >>

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

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