Canadian Marijuana Stock Climbs on Sales Data

National Access Cannabis Corp. (TSXV:META), a Canadian marijuana stock, rose after announcing $10.18 million in sales in just over 80 days

Sean Mason | January 10, 2019 | SmallCapPower

Stellar sales figures propelled a Canadian marijuana stock sharply higher Thursday. Here’s some small stocks making big moves on Thursday, January 10, 2019 (as of 4 pm EST):

National Access Cannabis Corp. (TSXV:META), a Canadian marijuana stock, moved 6% higher to $0.70 on Thursday after announcing that it has achieved $10.18 million in cumulative sales in just over 80 days of retail operation since recreational legalization on October 17, 2018, and $3.95 million in its first 50 days.

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As well, shares of Spot Coffee (Canada) Ltd. (TSXV:SPP) jumped 50% to $0.09 as the provider of community-oriented cafés and express cafés said, so far in January, it has signed five new franchise deposit agreements to develop five new Spot cafés.

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WeedMD Inc. (TSXV:WMD), meanwhile, reported that it has entered into a supply agreement with Manitoba Liquor and Lotteries Corporation to supply branded cannabis products to the province’s private cannabis retailers. WeedMD stock gained 11% to $1.70 following the announcement.

SPoT Coffee Ltd. (TSXV:SPP) is a featured sponsored company and has paid a fee for coverage. To learn more, see our full disclosure HERE >>

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

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