Canadian Cannabis Stock Moves Higher on Purchase Order

Namaste Technologies Inc. (TSXV:N), a Canadian cannabis stock, climbed after announcing a purchase order from the BC Liquor Distribution Branch

Sean Mason | September 16, 2019 | SmallCapPower

A pre-rolled purchase order lifted a Canadian cannabis stock Monday. Here’s some small stocks making big moves on Monday, September 16, 2019 (as of 4 pm EST):

Namaste Technologies Inc. (TSXV:N), a Canadian cannabis stock, rose 12% to $0.55 on Monday after announcing that its CannMart subsidiary has received a purchase order for pre-rolled cannabis products from the BC Liquor Distribution Branch to cater to the Province of British Columbia.

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As well, shares of Eco (Atlantic) Oil & Gas Ltd. (TSXV:EOG) gained as much as 6% before ending the day 3% lower at $2.70 as the oil and gas producer/explorer revealed what it called a second oil discovery on the Orinduik Block, offshore Guyana.

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SQI Diagnostics Inc. (TSXV:SQD), meanwhile, reported that it intends to complete a non-brokered private placement at a price of $0.10 per unit, for gross proceeds of up to $4 million, up to $3 million of which will be purchased by three Company insiders. SQI Diagnostics stock moved up 17% to $0.105 following the announcement.

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

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