Canadian Cannabis Stock Climbs on Certification

Eve & Co Incorporated (TSXV:EVE), a Canadian cannabis stock, jumped after announcing that its subsidiary has received EU certification

Sean Mason | March 6, 2020 | SmallCapPower

Certification in the European Union (EU) gave a big lift to a small Canadian cannabis stock Friday. Here’s some small stocks making big moves on Friday, March 6, 2020 (as of 4 pm EST):

Eve & Co Incorporated (TSXV:EVE), a Canadian cannabis stock, surged as much as 74% on Friday after announcing that its wholly-owned subsidiary, Natural MedCo Ltd., has received its European Union ‘Certificate of GMP Compliance of a Manufacturer’ from the Government of Upper Bavaria in Germany.

Win Big With Our Small Cap Picks

 

As well, shares of Vermilion Energy Inc. (TSX:VET) slid 19% to $10.36 as the international energy producer said it is cutting its monthly dividend by 50% to $0.115 per share in response to weakness in commodity prices and reduced global economic prospects following the outbreak of the coronavirus.

Canada Carbon Inc. (TSXV:CCB) stock, meanwhile, continued to power higher Friday, up 27% to $0.38 following a 33% gain on Thursday, after the graphite junior announced that it has received an initial order from Analytical Reference Materials International, a subsidiary of LGC Standards Company, for 50,000 grams of the Miller thermally purified graphite.

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: