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.
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.
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:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.