Infrastructure Stock Strengthens on Contract Win

ADF Group Inc. (TSX:DRX), an infrastructure stock, moved up after signing a series of new commercial agreements

Sean Mason | June 12, 2019 | SmallCapPower

A multi-million dollar contract south of the border boosted a Canadian infrastructure stock Wednesday. Here’s some small stocks making big moves on Wednesday, June 12, 2019 (as of 4 pm EST):

ADF Group Inc. (TSX:DRX), an infrastructure stock, gained 8% to $1.35 on Wednesday after announcing that it has signed a series of new commercial agreements in the commercial building sector in the United States, worth a total of $165.0 million.

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As well, shares of Neptune Wellness Solutions Inc. (TSX:NEPT) rose 6% to $6.52 as the provider of health and wellness products said it has entered into a definitive long-term agreement to provide extraction, formulation and packaging services to The Green Organic Dutchman Holdings Ltd. (TSX:TGOD), which has committed to supply more than 230,000 kilograms of cannabis and hemp biomass to Neptune over a three-year period.

Reliq Health Technologies Inc. (TSXV:RHT) stock, meanwhile, continued to move higher Wednesday, up 23% to $0.265 following a 27% gain on Tuesday, after announcing that it has begun onboarding new patients with three new physician practices in Texas.

Finally, EastWest Bioscience (TSXV:EAST) shares added as much as 6% after the hemp and CBD products provider announced that the TSX Venture Exchange has given the Company approval to sell its products containing CBD into 20 additional U.S. states.

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

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