Resource Explorer Climbs on Cannabis Trial Results

Progressive Planet Solutions Inc. (TSXV:PLAN), a resource explorer, sprouted up after announcing results from its Zeolite Efficacy Trial involving cannabis

Sean Mason | November 26, 2018 | SmallCapPower

Cannabis trial results involving zeolite boosted shares of a resource explorer Monday. Here’s some small stocks making big moves on Monday, November 26, 2018 (as of 4 pm EST):

Progressive Planet Solutions Inc. (TSXV:PLAN) shares rose 22% to $0.055 on Monday after the resource explorer announced that it has received additional results from InnoTech Alberta for its Zeolite Efficacy Trial that included two popular grow media used in the cannabis industry, which indicated that zeolite stimulated the production of tested cannabinoid compounds.

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As well, shares of Aleafia Health Inc. (TSX:ALEF),(OTC:ALEAF) eased 7% to $2 as the Canadian cannabis company said its third-quarter revenue of $1.6 million increased 36% from the second quarter of this year. The Company added that its Clinic and Cannabis Product Divisions generated its first quarter of profitability.

Tasca Resources Ltd. (TSXV:TAC), meanwhile, reported that it has received the final assay results from the September 2018 trenching program at its Princeton Gold Discovery in British Columbia, which included 217 g/t gold over 0.9 metres. Tasca Resources stock moved up as much as 8% before ending the day unchanged at $0.06 following the announcement.

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

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