A Canada-listed tech stock jumped Friday following the receipt of a multi-million dollar task order. Here’s some small stocks making big moves on Friday, July 12, 2019 (as of 4 pm EST):
Intermap Technologies Corporation (TSX:IMP), a tech stock listed in Canada, powered 55% higher to $0.34 on Friday after announcing that it has received a task order for $3.2 million to provide high-resolution terrain elevation models, related imagery, multi-sensor/multi-frequency source data and feature layer extraction for a government customer.
As well, shares of CannTrust Holdings Inc. (TSX:TRST) slid 17% to $3.34 as the Canadian cannabis company said it has implemented a voluntary hold on sale and shipment of all cannabis products as a precaution while Health Canada visits and reviews its Vaughan, Ontario manufacturing facility.
48North Cannabis Corp. (TSXV:NRTH), meanwhile, reported that it is has completed the planting of its first outdoor cannabis crop at its Good:Farm outdoor organic cannabis cultivation facility in Brant County, Ont. The Company added that it has successfully planted more than 250,000 cannabis seeds at Good:Farm. 48North Cannabis stock eased 5% to $0.81 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.
Intermap Technologies Corporation (TSX:IMP), a tech stock listed in Canada, powered 55% higher to $0.34 on Friday after announcing that it has received a task order for $3.2 million to provide high-resolution terrain elevation models, related imagery, multi-sensor/multi-frequency source data and feature layer extraction for a government customer.
