Commencement of cultivation was good news for investors in a Canadian marijuana stock Monday. Here’s some small stocks making big moves on Monday, April 1, 2019 (as of 4 pm EST):
James E. Wagner Cultivation Corporation (TSXV:JWCA), a Canadian marijuana stock, jumped 13% to $1.12 on Monday after announcing that it has begun cultivation activities at its second facility in Kitchener, Ontario, after receiving its cultivation license from Health Canada on March 29, 2019.
As well, shares of Lithium Americas Corp. (TSX:LAC) gained 10% to $5.58 as the lithium junior said China’s Ganfeng Lithium Co., Ltd. will pay US$160 million for a 50% interest in LAC’s Caucharí-Olaroz lithium brine project in Argentina.
Maxar Technologies Ltd. (TSX:MAXR), meanwhile, reported that its MDA subsidiary has signed a C$4 million contract with Lockheed Martin Canada for the initial phase of design work for the Canadian Surface Combatant ship’s Electronic Warfare system. Maxar Technologies stock moved up 10% to $5.92 following the announcement.
Finally, Village Farms International, Inc. (TSX:VFF) shares rose 9% to $15.32 after the vertically-integrated greenhouse grower announced that it plans to double its targeted annual production to 150,000 kilograms by exercising its option on the Village Farms-owned 1.1 million square foot Delta 2 greenhouse facility.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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