A TSX Venture Exchange go ahead sparked speculation in a hemp CBD stock Wednesday. Here’s some small stocks making big moves on Wednesday, April 10, 2019 (as of 4 pm EST):
EastWest Bioscience (TSXV:EAST), a hemp CBD stock, climbed 50% to $0.15 on Wednesday after announcing that the TSX Venture Exchange gave the Company its approval to sell EastWest’s products containing CBD in Kentucky.
As well, shares of Helius Medical Technologies, Inc. (TSX:HSM) plunged 66% to $2.84 as the neurotech company said the U.S. Food and Drug Administration (FDA) has declined the Company’s request for De Novo classification and 510(k) clearance of the Portable Neuromodulation Stimulator device.
Sirona Biochem Corp. (TSXV:SBM), meanwhile, reported results of its clinical trial conducted in North Carolina, in which Sirona’s TFC-1067 demonstrates “superiority to the gold standard,” hydroquinone, for the treatment of dyschromia (hyperpigmentation), or “dark spots” of the skin. Sirona Biochem stock popped 56% to $0.25 following the announcement.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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EastWest Bioscience (TSXV:EAST), a hemp CBD stock, climbed 50% to $0.15 on Wednesday after announcing that the TSX Venture Exchange gave the Company its approval to sell EastWest’s products containing CBD in Kentucky.
