Health Tech Stock Powers Up on Cannabis Announcement

Relevium Technologies Inc. (TSXV:RLV), a health tech stock, moved higher after announcing its intention to cultivate premium organic cannabis

Sean Mason | June 4, 2018 | SmallCapPower

A move into cannabis propelled a health tech stock sharply higher Monday. Here’s some small stocks making big moves on Monday, June 4, 2018 (as of 4 pm EST):

Relevium Technologies Inc. (TSXV:RLV), a health tech stock, climbed 7% to $0.16 on Monday after announcing that, through its wholly-owned subsidiary Biocannabix, it has selected a 93,000 square foot facility in Montreal, Quebec with the objective of cultivating premium organic cannabis.

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As well, shares of Northern Graphite Corporation (TSXV:NGC) gained 32% to $0.43 as the graphite junior said it has signed a Memorandum of Understanding with a European commodity trading company to sell 100% of the projected output from the Bissett Creek graphite project to buyers in China.

Talon Metals Corp. (TSX:TLO), meanwhile, reported that it will be postponing the annual and special meeting of its shareholders scheduled for June 20, 2018, as it is “currently considering other special business that might properly require shareholder approval.” Talon Metals stock moved up 43% to $0.10 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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