CBD Beverage Stock Powers Higher on Product Launch

The Alkaline Water Company Inc. (TSXV:WTER), a CBD beverage stock, jumped after announcing the formation of its A88 Infused Beverage Division

Sean Mason | September 19, 2018 | SmallCapPower

Hemp CBD water piqued the interest of more than a few speculators in a CBD beverage stock Wednesday. Here’s some small stocks making big moves on Wednesday, September 19, 2018 (as of 4 pm EST):

The Alkaline Water Company Inc. (TSXV:WTER), a CBD beverage stock, surged 25% to $4.30 on Wednesday after announcing the formation of its A88 Infused Beverage Division, which will have products that include hemp-derived, CBD-infused water.

Read: Hemp Stocks Could Be the Next Big Cannabis Trend 

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As well, shares of Wallbridge Mining Company Limited (TSX:WM) jumped 21% to $0.17 as the resource junior released results from the underground drill program at its 100%-owned Fenelon Gold Property in Quebec, which included 41.02 g/t gold over 5.52 metres.

OceanaGold Corporation (TSX:OGC), meanwhile, reported drill results from its WKP prospect in New Zealand, which included 5.0 metres of 39.04 g/t gold and 76.6 g/t silver. OceanaGold stock moved up 5% to $3.89 following the announcement.

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

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