A vape product milestone pushed a Canadian cannabis stock higher Thursday. Here’s some small stocks making big moves on Thursday, March 26, 2020 (as of 4 pm EST):
48North Cannabis Corp. (TSXV:NRTH), a Canadian cannabis stock, gained 9% to $0.185 on Thursday after announcing that it has shipped the first order of its vape product, Avitas, to the Ontario Cannabis Store for retail sale.
As well, shares of Alderon Iron Ore Corp. (TSX:IRON) sank 43% to $0.10 as the iron ore junior said Tunghsu Group Co., Ltd has terminated its previously-announced letter of intent to acquire a 26%-38% interest in The Kami Mine Limited Partnership. As a result of this decision, Alderon Iron added that it will be unable to continue to adhere to the terms of the Loan Facility when it becomes due on March 31, 2020.
Cipher Pharmaceuticals Inc. (TSX:CPH), meanwhile, reported a Fiscal 2019 profit of $0.10 per share, up from $0.04 per share during 2018. Cipher Pharmaceuticals stock popped 67% to $0.70 following the announcement.
Finally, TinkerineStudios Ltd. (TSXV:TTD) shares jumped 133% to $0.105 after the provider of 3D printing products announced that it has provided Tinkerine face shields to more than 50 medical professionals, municipalities, and healthcare facilities for evaluation.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
To read our full disclosure, please click on the button below:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
48North Cannabis Corp. (TSXV:NRTH), a Canadian cannabis stock, gained 9% to $0.185 on Thursday after announcing that it has shipped the first order of its vape product, Avitas, to the Ontario Cannabis Store for retail sale.
, higher on Thursday.){kind=link}