Retail Stock Perks Up on Cannabis Alliance

The Second Cup Ltd. (TSX:SCU), a coffee-oriented retail stock, climbed after announcing a strategic alliance with National Access Cannabis Corp. (TSXV:NAC)

Sean Mason | April 12, 2018 | SmallCapPower

A potential coffee shop-cannabis alliance moved a Canadian retail stock sharply higher Thursday. Here’s some small stocks making big moves on Thursday, April 12, 2018 (as of 4 pm EST):

The Second Cup Ltd. (TSX:SCU), a coffee-oriented retail stock, surged 29% to $3.54 on Thursday after announcing that it has established a strategic alliance with National Access Cannabis Corp. (TSXV:NAC) to develop and operate a network of NAC-branded recreational cannabis dispensaries initially across Western Canada, with plans to expand to additional provinces where legally permissible. National Access Cannabis shares gained 11% to $1.01.

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As well, shares of Lucara Diamond Corp. (TSX:LUC) rose 3% to $2.08 as the diamond miner said it has recovered a 472 carat, top light brown gem diamond, the third-largest diamond ever recovered from its 100% owned Karowe Diamond Mine in Botswana.

QYOU Media (TSXV:QYOU), meanwhile, reported that it has partnered with WPT Distribution USA to promote and distribute QYOU’s esports program Heads Up Daily (HUD). QYOU Media stock moved up 27% to $0.28 following the announcement.

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

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

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