SugarBud Craft Growers Corp. (TSXV:SUGR), a Canadian cannabis stock, moved higher after receiving a Confirmation of Readiness Letter from Health Canada
Sean Mason | April 23, 2019 | SmallCapPower
A Confirmation of Readiness generated a bit of momentum in a Canadian cannabis stock Tuesday. Here’s some small stocks making big moves on Tuesday, April 23, 2019 (as of 4 pm EST):
SugarBud Craft Growers Corp. (TSXV:SUGR), a Canadian cannabis stock, jumped 14% to $0.205 on Tuesday after announcing that it has received a Confirmation of Readiness Letter from Health Canada in respect of its cannabis cultivation facility in Stavely, Alberta. The “Confirmation of Readiness” stage is the final stage in the application process.
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As well, shares of HIVE Blockchain Technologies Ltd. (TSXV:HIVE) fell 24% to $0.57 as the blockchain company said Genesis Mining, its largest shareholder, has requisitioned a meeting of shareholders for the purpose of removing directors independent of Genesis and electing a board of directors, the majority of whom would be senior officers and employees of Genesis.
Zonte Metals Inc. (TSXV:ZON), meanwhile, reported initial, partial results from the recently-completed Phase 1 drill program at its Cross Hills Iron Oxide Copper Gold project in Newfoundland, which intersected what the Company called “significant visual copper mineralization” that included a 2.76 metre interval averaging 2.89% copper, 2.65 g/t gold, and 73.3 g/t silver. Zonte Metals stock moved up as much as 18% following the announcement.
Finally, Spectra7 Microsystems Inc. (TSX:SEV) shares rose 14% to $0.08 after the provider of high-performance analog semiconductor products for broadband connectivity markets announced that expects to report revenues of approximately US$1.4 million for the first quarter of 2019, up 55% from the same quarter in 2018.
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