Canadian Hemp Stock Sprouts Up on Retail Announcement

EastWest Bioscience (TSXV:EAST), a Canadian hemp stock, jumped after announcing a purchasing orders agreement with The TJX Companies

Sean Mason | December 13, 2018 | SmallCapPower

A giant retail announcement increased investors’ appetite for a Canadian hemp stock Thursday. Here’s some small stocks making big moves on Thursday, December 13, 2018 (as of 11:30 am EST):

EastWest Bioscience (TSXV:EAST), a Canadian hemp stock, climbed 19% to $0.16 on Thursday after announcing that it is processing purchasing orders for its hemp-based consumer goods through global retailer The TJX Companies, Inc.

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As well, shares of GT Gold Corp. (TSXV:GTT) slipped 8% to $0.60 as the junior explorer released assay results for four additional holes from its wholly-owned Tatogga property in British Columbia’s Golden Triangle, which included 117 metres of 0.83 g/t gold, 0.52% copper, and 1.39 g/t silver.

Carmanah Technologies Corporation (TSX:CMH), meanwhile, reported that it has agreed to sell a “significant” portion of its assets to SPX Corporation for US$77.0 million. Carmanah Technologies stock popped 74% to $5.92 following the announcement.

Finally, Relevium Technologies Inc. (TSXV:RLV) shares rose 14% to $0.12 after the health and wellness company announced that it has launched its Leefylyfe brand of organically sourced full spectrum hemp CBD products on a pre-order basis in the UK.

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

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