Cannabis Blockchain Stock Climbs on Integration LOI

BLOCKStrain Technology Corp. (TSXV:DNAX), a cannabis blockchain stock, moved higher after announcing a letter of intent with Abattis Bioceuticals

Sean Mason | June 5, 2018 | SmallCapPower

A letter of intent with a marijuana company boosted a cannabis blockchain stock Tuesday. Here’s some small stocks making big moves on Tuesday, June 5, 2018 (as of 4 pm EST):

BLOCKStrain Technology Corp. (TSXV:DNAX), a cannabis blockchain stock, jumped 18% to $0.80 on Tuesday after announcing a letter of intent to integrate BLOCKStrain’s proprietary technology into the product and services ecosystem of Abattis Bioceuticals Corp.

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As well, shares of Capstone Mining Corp. (TSX:CS) rose 10% to $1.20 as the base metals miner said an updated National Instrument 43-101 compliant Mineral Resource estimate for the Cozamin Mine in Mexico has converted or added an additional 115,000 tonnes of copper in the Indicated category in the Mala Noche Footwall Zone.

Aquila Resources Inc. (TSX:AQA), meanwhile, reported that it received its wetlands, lakes, and streams permit from the Michigan Department of Environmental Quality for its Back Forty zinc/gold project. Aquila Resources stock moved up 5% to $0.335 following the announcement.

Finally, Radient Technologies Inc. (TSXV:RTI) shares gained 20% to $1.44 after the biotech company announced that it has filed a provisional patent application with the U.S. Patent and Trademark Office for innovation related to methods for obtaining nicotine-depleted tobacco, without materially altering certain desirable properties of the tobacco.

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

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