Marketing Technology Stock Pops on Cannabis Company Investment

Snipp Interactive Inc. (TSXV:SPN), a marketing technology stock, climbed after receiving a strategic investment from WeedMD Inc. (TSXV:WMD)

Sean Mason | March 21, 2018 | SmallCapPower

A strategic investment from a cannabis company boosted the prospects of a marketing technology stock Wednesday. Here’s some small stocks making big moves on Wednesday, March 21, 2018 (as of 4 pm EST):

Snipp Interactive Inc. (TSXV:SPN), a marketing technology stock, jumped 20% to $0.15 on Wednesday after announcing that it has received a strategic investment from WeedMD Inc. (TSXV:WMD). WeedMD will use Snipp as its technology vendor of record to design and deploy custom marketing solutions for direct sales, retail sales, referral/sourcing programs, distributor programs and other initiatives.

Win Big With Our Small Cap Picks

 

As well, shares of Centric Health Corporation (TSX:CHH) slipped 9% to $0.395 as the healthcare services company said its fourth-quarter adjusted EBITDA from continuing operations declined 7% to $4.1 million.

Parlane Resource Corp. (TSXV:PPP) stock, meanwhile, powered 61% higher to $0.25 following a more than two-month trading halt after reporting that it has entered into a binding letter agreement whereby it will engage a third party to host cryptocurrency mining activities on its behalf.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

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

To read our full disclosure, please click on the button below: