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.

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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.

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

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