Newstrike Resources Ltd. (TSXV:HIP), a Canadian marijuana stock, moved higher after Health Canada amended the license of its subsidiary, allowing it to sell cannabis
The ability to sell marijuana had many investors in a Canadian marijuana stock in a celebratory mood Friday. Here’s some small stocks making big moves on Friday, January 5, 2018 (as of 4 pm EST):
Newstrike Resources Ltd. (TSXV:HIP), a Canadian marijuana stock, climbed 40% to $1.51 on Friday after announcing that Health Canada has approved the application by Newstrike’s wholly-owned subsidiary, Up Cannabis Inc., to amend its license, thereby allowing it to sell cannabis in dried marijuana form.
As well, shares of PolyMet Mining Corp. (TSX:POM) gained 13% to $1.24 as the mine development company said the Minnesota Department of Natural Resources has released its draft Permit to Mine, which includes holding public hearings, before a decision is made regarding the operation of the NorthMet copper-nickel-precious metals mine.
Syncordia Technologies and Healthcare Solutions, Corp. (TSXV:SYN), meanwhile, provided an update on recent contract wins, a Blockchain offering, and efforts to refinance its existing debt. Syncordia stock popped 193% to $0.205 following the announcement.
Disclosure: Neither the author nor his/her family own shares in any of the companies mentioned above.
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Newstrike Resources Ltd. (TSXV:HIP), a Canadian marijuana stock, climbed 40% to $1.51 on Friday after announcing that Health Canada has approved the application by Newstrike’s wholly-owned subsidiary, Up Cannabis Inc., to amend its license, thereby allowing it to sell cannabis in dried marijuana form.
