Canadian Cannabis Stock Climbs on Business Sale

Emerald Health Therapeutics, Inc. (TSXV:EMH), a Canadian cannabis stock, got a lift after agreeing to sell its Quebec cannabis business

Sean Mason | July 31, 2020 | SmallCapPower

A Canadian cannabis stock moved higher Friday following a Quebec asset sale. Here’s some small stocks making big moves on Friday, July 31, 2020 (as of 4 pm EST):

Emerald Health Therapeutics, Inc. (TSXV:EMH), a Canadian cannabis stock, jumped 11% to $0.21 on Friday after announcing that it has agreed to sell its Quebec cannabis business to Quinto Resources in consideration for $21 million in cash.

For Our Complete Coverage Of Canadian Marijuana Stocks Click Here   

Win Big With Our Small Cap Picks

 

As well, shares of Clean TeQ Holdings Limited (TSX:CLQ) slipped 6% to $0.17 as the metals recovery and industrial water treatment provider said it expects to realize a non-cash write down of the carrying value of its Sunrise Project and project-related assets in the amount of approximately A$180 million during its 2020 Fiscal Year.

Acasti Pharma Inc. (TSXV:ACST), meanwhile, reported that it has completed its revisions to the pre-specified Statistical Analysis Plan for the TRILOGY 2 Phase 3 trial of CaPre, and has filed it with the Food and Drug Administration (FDA). The Company added that it remains on track to report TRILOGY 2 topline data on or about August 31, 2020. Acasti Pharma stock moved up 17% to $1.01 following the announcement.

Finally, Nevada Sunrise Gold Corporation (TSXV:NEV) shares continued to move higher Friday, up 9% to $0.185 following a 26% gain on Thursday, after the junior explorer announced that drilling has begun at its 20.01% owned Kinsley Mountain Gold Project in Nevada. Joint venture partner and project operator New Placer Dome Gold Corp. (TSXV:NGLD) owns the remaining 79.9% interest.

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: