Canadian Marijuana Stock Moves Higher on Financial Results

Harvest One Cannabis Inc. (TSXV:HVT), a Canadian marijuana stock, jumped after announcing second-quarter financial results

Sean Mason | March 1, 2019 | SmallCapPower

Surging revenue lit up a Canadian marijuana stock Friday. Here’s some small stocks making big moves on Friday, March 1, 2019 (as of 4 pm EST):

Harvest One Cannabis Inc. (TSXV:HVT), a Canadian marijuana stock, climbed 5% to $0.66 on Friday after announcing second-quarter 2019 net revenue of $3.7 million, a quarter-over-quarter increase of 123%.

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As well, shares of Maxar Technologies Inc. (TSX:MAXR) slid 19% to $7.76 as the advanced space technology solutions provider said it has slashed its quarterly dividend to US$0.01 per share as part of its organizational restructuring efforts.

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Village Farms International, Inc. (TSX:VFF), meanwhile, reported that it has entered into an agreement with Nature Crisp LLC to form a joint venture for the outdoor cultivation of high-cannabidiol (CBD) hemp and CBD extraction in multiple states throughout the United States. Village Farms International stock moved up 9% to $15.25 following the announcement.

Finally, Urbanimmersive Inc. (TSXV:UI) shares gained 29% to $0.09 after the real estate content marketing platform announced record Q1 revenue of $1,292,401, a 218% increase from the same period last year.

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

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