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Canadian Marijuana Stock Climbs on Expansion Approval

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Aleafia Health Inc. (TSX:ALEF)(OTC:ALEAF), a Canadian marijuana stock, moved higher after obtaining approval for a 60,000 kg capacity expansion at its Port Perry cultivation facility

Sean Mason | October 9, 2018 | SmallCapPower

Expansion and an expected production capacity increase boosted a Canadian marijuana stock Tuesday. Here’s some small stocks making big moves on Tuesday, October 9, 2018 (as of 4 pm EST):

Aleafia Health Inc. (TSX:ALEF)(OTC:ALEAF), a Canadian marijuana stock, jumped 5% to $3.16 on Tuesday after announcing that it has obtained local regulatory approval for a 60,000 kg capacity expansion at its Port Perry cultivation facility, which will increase its annual production capacity to 98,000 kg.

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As well, shares of Juggernaut Exploration Ltd. (TSXV:JUGR) plunged 52% to $0.15 as the gold explorer said drilling on the 100% controlled Midas property in British Columbia has confirmed widespread near surface polymetallic gold mineralization in multiple drill holes targeting newly-discovered zones, which included 0.56 g/t gold equivalent over 35.35 meters.

A.I.S. Resources Limited (TSXV:AIS), meanwhile, reported that it has been issued with a seismic and drilling exploration permit for Guayatayoc Mina, a lithium brine project in Argentina. A.I.S. Resources stock moved up 14% to $0.12 following the announcement.

Finally, HIT Technologies Inc. (TSXV:HIT) shares rose 60% to $0.04 after the manufacturer of iPhone protectives and mobile accessories announced that its HITCASE Shield LINK waterproof protective case for iPhone 7/7 Plus and 8/8 Plus will now be available in 1,000 Best Buy retail locations across the United States.

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

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

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