Medical Marijuana Stock Continues to Smoke: Sean Mason’s Canadian Small Cap Market Movers

Sean Mason | October 21, 2015 |
SmallCapPower

Canadian
marijuana plays enjoyed a Trudeau mania buzz Wednesday while a popular explorer
continued to slide. Here’s some small stocks making big moves on Wednesday, October
21, 2015 (as of 4 pm EST):

Canopy Growth Corporation (TSXV:
CGC
) shares continue higher Wednesday, up 8% to $2.15 after the decisive
election win for the Liberal Party in Canada’s federal election. Party leader
Justin Trudeau has spoken in past about loosening Canada’s marijuana laws,
which would benefit legal growers such as Canopy Growth. 

As well,
shares of Concordia Healthcare Corp.
(TSX:
CXR
) slid 14% to $30.50 as the healthcare company said it has completed the
acquisition of Amdipharm Mercury Limited from Cinven, a European private equity
firm. Concordia added that it will be issuing guidance on Monday, October 26,
2015.

Equitas Resources Corp. (TSXV:
EQT
) stock, meanwhile, continue to move lower, down 15% to $0.145. The
explorer recently provided an update on its exploration program at the Garland
nickel-copper property in Labrador, saying that four NQ diamond drill holes totaling
1515 metres have been completed to date.

More from Sean Mason

Hi, did you know SmallCapPower
accepts blog submissions? You can contact me at 
sean@smallcappower.com.