Canadian Marijuana Stock Climbs on Quebec Supply Deal

The Hydropothecary Corporation (TSXV:THCX), a Canadian marijuana stock, moved higher after agreeing to become the preferred supplier of cannabis products for Quebec

Sean Mason | April 11, 2018 | SmallCapPower

A multi-year Quebec supply agreement lifted a Canadian marijuana stock Wednesday. Here’s some small stocks making big moves on Wednesday, April 11, 2018 (as of 4 pm EST):

The Hydropothecary Corporation (TSXV:THCX), a Canadian marijuana stock, jumped 13% to $4.02 on Wednesday after announcing that it has entered into a commercial agreement with the Société des alcools du Québec to be the preferred supplier of cannabis products for the Quebec market for the first five years post-legalization, with an option to extend the term for an additional year.

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As well, shares of Edgewater Wireless Systems Inc. (TSXV:YFI) gained 15% to $0.30 as the developer of multi-channel WiFi for high-density/high-interference wireless applications said it has unveiled its Artificial Intelligence Radar, an in-real-time artificial intelligence engine to learn from and adapt to any network environment or coverage zone with no setup required by the network operator.

Pretium Resources Inc. (TSX:PVG), meanwhile, reported that gold production improved steadily through the first quarter, with 32,910 ounces produced in March, which the Company attributed to the successful implementation of several operational improvement initiatives. Pretium Resources stock popped 19% to $10.37 following the announcement.

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Finally, Pure Gold Mining Inc. (TSXV:PGM) shares rose 3% to $0.68 after the gold explorer announced drill results at its 100% owned Madsen Gold Project in Red Lake, Ontario, which included 28.2 g/t gold over 7.0 metres.

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

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