A processing license from Health Canada powered a Canadian cannabis stock sharply higher Monday. Here’s some small stocks making big moves on Monday, January 13, 2020 (as of 4 pm EST):
Namaste Technologies Inc. (TSXV:N), a Canadian cannabis stock, jumped 9% to $0.375 on Monday after announcing that Choklat Inc, in which the Company has a 49% equity stake, has received a processing license from Health Canada to produce a line of chocolate bars, drink mixes and infused sugar.
As well, shares of Acasti Pharma Inc. (TSXV:ACST) plunged 65% to $1 as the biopharmaceutical company revealed topline results for the Primary Endpoint from its Phase 3 TRILOGY 1 trial for its lead product candidate CaPre, saying the study did not reach statistical significance due to unusually large placebo effect.
Fire & Flower Holdings Corp. (TSX:FAF), meanwhile, reported that it has achieved the milestone of 45 open and operating cannabis retail stores. Fire & Flower stock moved up 12% to $1.04 following the announcement.
Finally, Millennial Lithium Corp. (TSXV:ML) shares gained 3% to $1.30 after the lithium junior announced that the Mining Court of Salta has granted Millennial’s Argentine subsidiary, Proyecto Pastos Grandes S.A., four of the five mining licenses that comprised the original REMSA Properties.
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:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
Namaste Technologies Inc. (TSXV:N), a Canadian cannabis stock, jumped 9% to $0.375 on Monday after announcing that Choklat Inc, in which the Company has a 49% equity stake, has received a processing license from Health Canada to produce a line of chocolate bars, drink mixes and infused sugar.
, sharply higher on Monday.){kind=link}