Canadian Marijuana Stock Climbs on Distribution Deal

Khiron Life Sciences Corp. (TSXV:KHRN), a Canadian marijuana stock, moved higher after announcing an exclusive agreement with Brazil’s Medlive

Sean Mason | May 1, 2020 | SmallCapPower

An exclusive distribution agreement in Brazil powered a Canadian marijuana stock Friday. Here’s some small stocks making big moves on Friday, May 1, 2020 (as of 4 pm EST):

Khiron Life Sciences Corp. (TSXV:KHRN), a Canadian marijuana stock with operations in Latin America, jumped 15% to $0.70 on Friday after announcing an exclusive agreement with Medlive, a pharmaceutical and health products distributor with network of over 3,000 clinics and hospitals in southern Brazil, in which Khiron’s medical cannabis products will be marketed through Medlive’s network of doctor offices, clinics, hospitals and governmental institutions.

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As well, shares of StageZero Life Sciences, Ltd. (TSX:SZLS) gained 4% to $0.13 as the Canadian biotechnology company provided an update on its COVID-19 testing in the United States, saying initial interest received is for in excess of 250,000 tests.

Great Thunder Gold Corp. (TSXV:GTG), meanwhile, reported that the Company has started its Phase 1 Exploration Program in Quebec’s Fenelon Gold Camp. GTG’s projects are surrounding and adjacent to Wallbridge Mining’s Fenelon Deposit project and within 6.5km of Balmoral Resources’ Reaper Gold discovery. Great Thunder Gold stock moved up 17% to $0.44 following the announcement.

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

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