ZoomerMedia Limited (TSXV:ZUM), a multimedia stock, got a big lift after confirming that it is in its second stage of its deal with Canopy Growth Corporation (TSX:WEED)
A potentially lucrative distribution deal with Canopy Growth Corp boosted the fortunes of a multimedia stock Friday. Here’s some small stocks making big moves on Friday, July 5, 2019 (as of 4 pm EST):
ZoomerMedia Limited (TSXV:ZUM), a multimedia stock, climbed 44% to $0.065 on Friday after confirming that it is in its second stage of its recent deal with Canopy Growth Corporation (TSX:WEED), which will see two new lines of medical and recreational cannabis products developed and sold under the CARP and Zoomer brands directly.
As well, shares of Core Gold Inc. (TSXV:CGLD) slipped 5% to $0.21 as the junior explorer said the British Columbia Supreme Court declined to approve Core Gold’s proposed transaction with Titan Minerals Limited, concluding that the Company had failed to satisfy its burden of proof in establishing that the transaction was fair and reasonable.
Aurex Energy Corp. (TSXV:AURX), meanwhile, reported that it has finalized planning for the initial phase of work on its 10-well program in the Barnett Shale, Texas. The Company added that it intends to re-work and re-fracture the shut-in wells with the goal of generating significant cash flows to expand and develop an asset base of both producing oil and gas and mineral properties. Aurex Energy stock moved up 20% to $0.24 following the announcement.
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:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
ZoomerMedia Limited (TSXV:ZUM), a multimedia stock, climbed 44% to $0.065 on Friday after confirming that it is in its second stage of its recent deal with Canopy Growth Corporation (TSX:WEED), which will see two new lines of medical and recreational cannabis products developed and sold under the CARP and Zoomer brands directly.
