CBD Extraction Stock Climbs on Hemp Product Launch

Relevium Technologies Inc. (TSXV:RLV), a CBD extraction stock, moved higher after announcing that it will be launching its first organic whole hemp extract product line

Sean Mason | September 18, 2018 | SmallCapPower

An organic whole hemp extract product line launch boosted a CBD extraction stock Tuesday. Here’s some small stocks making big moves on Tuesday, September 18, 2018 (as of 4 pm EST):

Read: Hemp Stocks Could Be the Next Big Cannabis Trend

Relevium Technologies Inc. (TSXV:RLV), a CBD extraction stock, jumped 25% to $0.155 on Tuesday after announcing that it will be launching its first organic whole hemp extract product line under the LeefyLyfe brand in Europe and the United Kingdom.

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As well, shares of Harbour Star Capital Corp., which is doing business as EastWest Bioscience (TSXV:EAST), gained 15% to $0.31 as the seed-to-sale organization that offers manufacturing and premium hemp-based consumer goods said it is partnering with M² Brand Management, Inc. a full-service brand management firm, to broker distribution of Eastwest’s three major premium hemp brands: Natural Advancement, Natural Pet Science, and Earth’s Menu.

Organto Foods Inc. (TSXV:OGO), meanwhile, reported that it has re-established and expanded its year-round supply of organic asparagus, and has begun sales into the European market. Organto Foods stock moved up 22% to $0.14 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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