Canadian Cannabis Stock Moves Higher on Listing Update

The Supreme Cannabis Company, Inc. (TSXV:FIRE), a Canadian cannabis stock, climbed after announcing that it stock will graduate the Toronto Stock Exchange

Sean Mason | January 9, 2019 | SmallCapPower

A pending up-listing was great news for a Canadian cannabis stock Wednesday. Here’s some small stocks making big moves on Wednesday, January 9, 2019 (as of 4 pm EST):

The Supreme Cannabis Company, Inc. (TSXV:FIRE), a Canadian cannabis stock, rose 9% to $1.75 on Wednesday after announcing that it has received conditional approval from the Toronto Stock Exchange to graduate from the TSX Venture Exchange and list its common shares on the TSX.

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As well, shares of GT Gold Corp. (TSXV:GTT) jumped as much as 27% before ending down 10% to $0.67 as the junior explorer revealed drill results from its 2018 Saddle North porphyry drill program in British Columbia’s Golden Triangle district, which included 1.28 g/t gold, 0.57% copper, and 2.30 g/t silver over 342.50 metres.

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Vital Energy Inc. (TSXV:VUX) stock, meanwhile, continued to move higher Wednesday, up 8% to $0.065 following a 33% gain on Tuesday, after the oil and gas junior announced that the wells Vital Sullivan Lk. 16-36-33-14W4M and Vital Suffield 3-29-13-19W3M have been drilled, completed and placed on production. The Company added that the Sullivan Lake 16-36 horizontal well is currently producing at a rate of 228 barrels of light gravity oil per day.

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

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