Pure Global Cannabis Inc. (TSXV:PURE), a Canadian cannabis stock, rose after announcing that its subsidiary has received approval for an amendment to its licence
Sean Mason | August 27, 2018 | SmallCapPower
A Health Canada license amendment sparked interest in a Canadian cannabis stock Monday. Here’s some small stocks making big moves on Monday, August 27, 2018 (as of 4 pm EST):
Pure Global Cannabis Inc. (TSXV:PURE), a Canadian cannabis stock, climbed 8% to $0.335 on Monday after announcing that its wholly-owned subsidiary, PureSinse Inc., has received approval for an amendment to its licence from Health Canada under the Access to Cannabis for Medical Purposes Regulations, to include the activity of possession of cannabis oil, resin, and relevant activities.
Read: Pure Global Cannabis Looks to Take its ‘Multi-Ponic’ Cannabis Global
As well, shares of Lingo Media Corporation (TSXV:LM) jumped 47% to $0.11 as the provider of digital and print-based English Language Learning solutions said it recorded a second-quarter net profit of $477,208, up from $43,122 during the same period last year.
Red Eagle Mining Corporation (TSX:R) stock, meanwhile, continued to move higher Monday, up as much as 16% following a 46% gain on Friday after the gold miner reported that it will implement a comprehensive restructuring, in which it will have approximately 81 million common shares outstanding, no debt or accrued interest, positive working capital and near term cash flow positive operations.
Finally, Bell Copper (TSXV:BCU) shares rose 21% to $0.085 after the junior explorer announced that it has entered into an Earn-In and Joint Venture agreement with Cordoba Minerals, under which Cordoba has the right to earn up to an 80% interest in Bell Copper’s Kabba porphyry copper project in Arizona by investing C$200,000 into Bell Copper through a private placement as well as spending up to C$17.3 million on the project over the next 7.5 years.
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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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