Canadian Cannabis Stock Moves Higher on License Upgrade

Pure Global Cannabis Inc. (TSXV:PURE), a Canadian cannabis stock, climbed after announcing that it has received approval to sell cannabis oil products

Sean Mason | September 9, 2019 | SmallCapPower

An amendment to sell cannabis oil products propelled a Canadian cannabis stock higher Monday. Here’s some small stocks making big moves on Monday, September 9, 2019 (as of 4 pm EST):

Pure Global Cannabis Inc. (TSXV:PURE), a Canadian cannabis stock, jumped 11% to $0.10 on Monday after announcing that it has received approval from Health Canada for its most recent license amendment request, allowing for the sale of cannabis oil products.

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As well, shares of Banyan Gold Corp. (TSXV:BYN) gained 10% to $0.055 as the gold explorer released results from four diamond drill holes and two surface trenches from the 2019 exploration campaign at the McQuesten Gold Zone of the Aurex-McQuesten Gold property in the Yukon, which included 0.94 g/t gold over 71.4 metres.

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Lydian International Limited (TSX:LYD), meanwhile, reported that, during a live Facebook broadcast, Prime Minister Nikol Pashinyan of the Republic of Armenia stated that access to the Amulsar Project site should be restored and the protesters blocking access should open the roads. Lydian International stock moved up as much as 20% before ending the day 8% lower at $0.115.

Finally, Gatling Exploration Inc. (TSXV:GTR) shares rose 5% to $0.66 after the gold junior announced new drill results from its largest step-out drill hole to date at the Bear deposit in northern Ontario, which included 10.6 g/t gold over 5.0 meters.

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

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