Health and Wellness Stock Climbs on Cannabis Update

Neptune Wellness Solutions Inc. (TSX:NEPT), a health and wellness stock, moved higher after announcing that it has received a license to process cannabis

Sean Mason | January 7, 2019 | SmallCapPower

A government go ahead to process cannabis lifted a health and wellness stock Monday. Here’s some small stocks making big moves on Monday, January 7, 2019 (as of 4 pm EST):

Neptune Wellness Solutions Inc. (TSX:NEPT), a health and wellness stock, jumped 12% to $4.33 on Monday after announcing that it has received its license to process cannabis from Health Canada.

For Our Complete Coverage Of Canadian Marijuana Stocks Click Here     

As well, shares of Maxar Technologies Inc. (TSX:MAXR) fell 33% to $10.62 as the provider of advanced space technology solutions said its WorldView-4 satellite experienced a failure in its control moment gyros, preventing the satellite from collecting imagery due to the loss of an axis of stability.

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VitalHub Corp. (TSXV:VHI), meanwhile, reported that the Province of Nova Scotia has signed a five-year agreement, with options to extend for a total of five additional years, to license VitalHub’s TREAT client management software to support the Department of Community Services transformation following the issuance of a Request For Proposal for a digitally-enabled Collaborative Case Management Solution. VitalHub stock moved up 13% to $0.18 following the announcement.

Finally, Bioasis Technologies Inc. (TSXV:BTI) shares gained 7% to $0.52 after the biopharmaceutical company announced a joint research collaboration with a leading pharmaceutical company to manufacture an antibody-peptide conjugate containing Bioasis’ xB3 peptide for in vivo measurement in the CNS, enabling direct evaluation of the xB3 platform’s delivery capabilities.

Ubika Research/SmallCapPower has received compensation from VitalHub to provide analyst research coverage. For full disclosure please visit 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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