Canadian Medical Cannabis Stock Climbs on German JV

Aleafia Health Inc. (TSX:ALEF), a Canadian medical cannabis stock, surged after announcing that it is entering the German medical cannabis market

Sean Mason | May 6, 2019 | SmallCapPower

A Canadian medical cannabis stock powered higher Monday on a German pharmaceutical joint venture. Here’s some small stocks making big moves on Monday, May 6, 2019 (as of 4 pm EST):

Aleafia Health Inc. (TSX:ALEF), a Canadian medical cannabis stock, jumped 17% to $1.62 on Monday after announcing that it is entering the German medical cannabis market via its joint venture with German pharmaceutical wholesaler Acnos Pharma GmbH. The joint-venture entity will purchase Aleafia Health branded cannabis oils for distribution to German pharmacies and for clinical trial usage.

For Our Complete Coverage Of Canadian Marijuana Stocks Click Here     

As well, shares of Mission Ready Solutions Inc. (TSXV:MRS) gained as much as 12% as the provider of personal protective technologies said it has received, through its wholly-owned subsidiary Unifire, Inc., US$7 million in new orders since April 1, 2019.

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Great Canadian Gaming Corporation (TSX:GC), meanwhile, reported a 35% increase in its first-quarter revenue of $312.1 million, which the Company attributed primarily to a full quarter of operations from the West GTA Gaming Bundle, 22 additional operating days from the GTA Gaming Bundle, and new revenues from the introduction of table games at Woodbine. Great Canadian Gaming stock eased 8% to $45.01 following the announcement.

Aleafia Health Inc. (TSX:ALEF) is a featured sponsored company and has paid SmallCapPower.com 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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