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.

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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.

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

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