Canadian Marijuana Stock Surges on Retail Expansion

Westleaf Inc. (TSXV:WL), a Canadian marijuana stock, moved sharply higher after announcing additional Saskatchewan cannabis retail stores

Sean Mason | January 29, 2019 | SmallCapPower

Cannabis retail momentum out West lifted a Canadian marijuana stock Tuesday. Here’s some small stocks making big moves on Tuesday, January 29, 2019 (as of 4 pm EST):

Westleaf Inc. (TSXV:WL), a Canadian marijuana stock, jumped 11% to $3.80 on Tuesday after announcing that it has secured two additional cannabis retail stores in Saskatchewan.

For Our Complete Coverage Of Canadian Marijuana Stocks Click Here   

As well, shares of Good Life Networks Inc. (TSXV:GOOD) gained 18% to $0.33 as the programmatic advertising technology company said the trailing twelve months (TTM) consolidated proforma revenue for its recently-acquired 495 Communications and ImpressionX businesses was $40.2M, with EBITDA of $7.9M and a Net Income of just over $3M based on management prepared financial statements (October 1st, 2017 to September 30th, 2018).

Win Big With Our Small Cap Picks


Sirios Resources Inc. (TSXV:SOI), meanwhile, reported that it has begun the 2019 winter drilling campaign at its 100% owned Cheechoo gold property, adjacent to Goldcorp’s Eleonore gold mine, in Quebec. Sirios Resources stock moved up 19% to $0.22 following the announcement.

Finally, Pure Global Cannabis Inc. (TSXV:PURE) shares rose 15% to $0.275 after the life sciences and consumer products cannabis company announced that it has agreed to acquire all of the outstanding shares of SPRQ Health Group Corp., operating as SPARK, a Brampton-based cannabis clinic helping  patients to obtain safe access to medical cannabis with in-clinic, telephone, and telehealth based consultations. The Company also said it has partnered with HelloMD, which it expects will accelerate patient acquisitions.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

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

To read our full disclosure, please click on the button below: