Canadian Cannabis Stock Climbs on Harvest Milestone

Aleafia Health Inc. (TSX:ALEF), a Canadian cannabis stock, powered higher after announcing its inaugural Port Perry Outdoor Grow harvest

Sean Mason | November 11, 2019 | SmallCapPower

Low-cost cultivation news propelled a Canadian cannabis stock sharply higher Monday. Here’s some small stocks making big moves on Monday, November 11, 2019 (as of 4 pm EST):

Aleafia Health Inc. (TSX:ALEF), a Canadian cannabis stock, jumped 14% to $0.92 on Monday after announcing that Aleafia Farms Inc., its wholly-owned subsidiary, produced an inaugural Port Perry Outdoor Grow harvest yielding about 10,300 kg of dried flower, at $0.10 all-in cash cost per gram to harvest (unaudited).

For Our Complete Coverage Of Canadian Marijuana Stocks Click Here   

As well, shares of Neptune Wellness Solutions Inc. (TSX:NEPT) slid 17% to $3.90 as the provider of extraction, purification and formulation of health and wellness products said its second-quarter 2020 revenue slipped 8% to $6.5 million, while its net loss for the quarter widened to $20.8 million from $3.1 million during the same period last year.

Win Big With Our Small Cap Picks


Nova Leap Health Corp. (TSXV:NLH) stock, meanwhile, continued to move higher Monday, up 30% to $0.395 following a 5% gain on Friday, after the home healthcare services company reported record third-quarter revenue of US$4,424,350, along with record quarterly EBITDA of US$324,676.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

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: