Top Penny Stocks for 2019 – May 21, 2019

The Canadian Penny stocks on our list are seen as having the greatest upside for the coming year

*Share prices are as at close May 16, 2019, data obtained from Capital IQ

Cannex Group Holdings is a Canada based company with cannabis operations in Washington and California. Cannex is focused on premium indoor cultivation, extraction, manufacturing and branding of edible and derivative products, as well as retail operations. The Company’s subsidiary, BrightLeaf Development LLC, is the largest producer/processor in Washington State. Cannex plans to produce from two indoor cultivating facilities with a combined 30,000 sq. ft. and 19,000 kg/year capacity, equating to one of the highest yields in the industry at 633 grams/sq. ft. On February 25, the company announced that it has entered into an agreement to acquire 100% of Pure Ratios Holdings, Inc., a California-based company, in a stock and cash transaction.
  • Market Cap: $ 307.2 Million
  • 7 Day Total Return: 5.9%
  • 30 Day Total Return: -6.9%
  • 90 Day Total Return: 37.3%

Diversified Mining
Tethyan Resources is a junior exploration company operating in the Balkans. The Company holds 643 sq. km of land, 463 of which are located in the Raška mining district in Serbia. The Kizevak zinc-lead-silver project, located in the vicinity of a past-producing open-pit mine, completed a 1,000m drill program on August 22, 2018. The Rednica project contains two copper-gold-molybdenum porphyry centres over a 1.2km strike length, with prior drill results including an intercept of 567m of 0.28 Cu and 0. g/t Au. On April 17, 2019, Tethyan Resources announced the closing of an underwritten private placement, of 6,250,000 ordinary shares at a price of $0.80 per share, for aggregate gross proceeds of $5,000,000.
  • Market Cap: $ 47.6 Million
  • 7 Day Total Return: -1.5%
  • 30 Day Total Return: -16.7%
  • 90 Day Total Return: 62.5%

Rise Gold is a junior gold explorer focused on its historic Idaho-Maryland mine in California. The mine historically produced 2.4M oz. Au between 1866 and 1955, with production peaking at 120,000 oz. Au/y. The Company holds ~3000 acres of land and several pre-existing facilities. Rise aims to continue its drilling program, which has thus far found results including 23.7 g/t Au over 4.5m and 10.9 g/t Au over 2.9m. On March 1, the Company announced it has completed the non-brokered private placement from its February 15th release, raising a total of C$1.8M in this tranche.
  • Market Cap: $ 8.4 Million
  • 7 Day Total Return: 0%
  • 30 Day Total Return: -12.5%
  • 90 Day Total Return: -30.0%

The Mint Corp. (TSXV:MIT) – $0.075
Financial Services & Blockchain
The Mint Corporation through its majority-owned subsidiaries (the “Mint Group”), is a globally-certified payments company headquartered in Toronto, Canada with its primary business in Dubai, UAE. The Mint Group provides employers and employees with best-in-class financial services supported via payroll cards and the Mint mobile application. Through its payments platform certified globally by Mastercard and UnionPay, Mint brings modern financial conveniences, at reasonable cost, to employers and employees with an addressable market of 5M people in the UAE. On December 4, 2018, Mint began trading on the OTCQB Venture market in the United States under the symbol MITJF making it easier for U.S. investors to gain easier access to the stock. On January 8, 2019 Mint announced it had added 100,000 more clients to their platform for a total of 200,000+ in the last three months. On February 21, the Company announced it has successfully completed the acquisition of the 100,000 payroll card portfolio from the January 8 news. On May 7, 2019, Mint announced that a cease trade order has ben issued against the company by the Ontario Securities Commission because of the company’s failure to file annual financial statements for the financial year ended December 31, 2018.
  • Market Cap: $ 14.8 Million
  • 7 Day Total Return: 0.0%
  • 30 Day Total Return: 14.3%
  • 90 Day Total Return: -42.9%

Granada Gold is a developer advancing its ~2,500 Ha Granada Gold property located in Quebec which includes two-exploration claims and two mining leases. The historical mine produced 51,500 oz Au, averaging 9.7 g/t Au and 1.5 g/t Ag, between 1930 and 1935, before a fire destroyed the mine’s surface structures. The property was sold to Granada in 2006. In 2007, the Company extracted a bulk sample grading 1.62 g/t of gold, with a 90% recovery rate. GGM is planning to release a Feasibility Study (FS) that aims to develop a producing mine with a capacity of 80,000-100,000 ounces of gold per year. On April 25, 2019, Granada Gold Mine reported on their latest results from a two-stage gravity concentration process, reporting that low grade gold mineralization of 1.01g/t was upgraded in the test to 67.99 g/t.
  • Market Cap: $ 6.9 Million
  • 7 Day Total Return: -9.1%
  • 30 Day Total Return: -16.7%
  • 90 Day Total Return: -44.4%

Power Metals is a hard rock lithium explorer focused on its flagship Case Lake property, comprising 38 mining claims for 7,136 Ha, located 100 km north of Kirkland Lake, Ontario. An all-seasons access road encircles the property. Although limited to 83 current drilled holes, work-to-date indicates that spodumene pegmatites may occur throughout the property in dykes hosted by domes. On January 10, the Company announced its plans for a drill program at Paterson Lake in northwestern Ontario where it has two lithium drill targets.
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  • Market Cap: $ 10.2 Million
  • 7 Day Total Return: -9.1%
  • 30 Day Total Return: -16.7%
  • 90 Day Total Return: -44.4%

Plastics and Packaging
Good Natured Products develops eco-friendly and renewable bioplastic (plant-based) packaging and products. The Company’s primary value proposition is to source and develop proprietary plant-based materials, and then make products utilizing the highest possible percentage of renewable content, as opposed to traditional petroleum-based plastics. Currently, the Company targets high growth in the bioplastics space by leveraging the increasing demand for plant-based packaging and products. Offering a suite of over 130 products, GDNP serves more than 100 national, regional and small business retailers, food producers & packaging distributors. On April 30th, Good Natured announced its year end audited financial results. These results featured revenues for the twelve months increasing 106% from the prior twelve months to $5,103,347.
  • Market Cap: $9.4 Million
  • 7 Day Total Return: -4.8%
  • 30 Day Total Return: -13%
  • 90 Day Total Return: -5.3%

Diversified Mining
Fura Gems is a mining developer, the only publicly-listed company in the colour gemstone space. The Company operates two assets in the exploration phase, both located in the country which produces the most of its respective gem. Its Mozambican Ruby project, acquired in November 2017 and recently expanded, has completed 2,500m of drilling and plans a further 3,500m in the next phase. On May 15th, Fura Gems Inc announced their intentions to complete a private placement offering of up to 121,500,000 common shares of the company at a price of $0.25 per share for gross proceeds of up to $30,375,000.
  • Market Cap: $ 32.4 Million
  • 7 Day Total Return: -11.1%
  • 30 Day Total Return: -17.2%
  • 90 Day Total Return: -44.2%

Nova Leap Health is a North American provider of personal home care and support services. The Company is focused on acquiring and organically growing Private Pay Non-Medical and Skilled Home Care Companies. Nova Leap’s post-acquisition organic growth strategy is to increase annual revenue per location through a combination of increased employee investment, including training, focused sales and marketing efforts, billing rate increases and expansion of geographical coverage. Since September 2017, the Company has completed eight acquisitions and now has operations in 9 locations within Vermont, New Hampshire, Rhode Island, Massachusetts, and Nova Scotia employing more than 450 employees. On April 2, 2019, the Company closed its acquisition of a home care services company in Eastern Canada for US$564,000.
  • Market Cap: $17.3 Million
  • 7 Day Total Return: 1.8%
  • 30 Day Total Return: -9.7%
  • 90 Day Total Return: -9.7%

Healthcare Facilities & Services
WELL Health Technologies is a Canada-based healthcare facilities company. The Company operates six medical clinics offering primary healthcare services in BC. WELL aims to consolidate and modernize primary healthcare assets. Following its acquisition of the medical clinics in February 2018, the Company completed the sale of its subsidiaries, Canada Yoga and Shakti Yoga Apparel. On August 28, 2018, the Company announced that it will acquire 13 health care clinics across B.C. for $6.4M, bringing the Company’s total clinic count to 19. On November 15, 2018, the Company announced an agreement to acquire NerdEMR, BC’s largest OSCAR electronic medical records service provider. NerdEMR provides OSCAR EMR services to approximately 220 clinics in British Columbia and will help catapult WELL into the National EMR marketplace. On February 25, the Company announced that it has been ranked 2nd in Diversified Industries on the 2019 TSX Venture 50.
  • Market Cap: $ 62 Million
  • 7 Day Total Return: 3.1%
  • 30 Day Total Return: 4.7%
  • 90 Day Total Return: 34%

Canada Cobalt Works is drilling one prospective property for Cobalt the Castle Mine, and is sampling two additional properties the Violet Mine, and Beaver Mine. Each property is located near Northern Ontario’s Cobalt camp near the town of Cobalt, Ontario, Canada’s most prolific cobalt district. The Company has a proprietary hydrometallurgical process known as Re-2OX for the creation of technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations. Canada Cobalt is strategically positioned to become a vertically integrated North American leader in cobalt from extraction to recovery. On May 10th, Canada Cobalt announced that is has added approximately 4,800 hectares to its Castle mine land package, more than doubling the total size from 26,9 sq. km to approximately 78 sq. km. On March 1, 2019, the Company announced that it has added an environmentally friendly program where it plans to develop cost effective near-term recovery of silver and gold mineralization.
  • Market Cap: $ 26.7 Million
  • 7 Day Total Return: -5.6%
  • 30 Day Total Return: -5.6%
  • 90 Day Total Return: -38.2%

LGC Capital is a Canadian based investment holdings company focused on acquiring production, brands, and distribution in mature and emerging cannabis markets. Through its portfolio of companies, LGC Capital focuses unique international markets, in addition high-margin products, which include edibles, concentrates, oils, vapes, CBD products. LGC Capital’s holdings include; Tricho-Med a 31,000 sq. ft cannabis greenhouse in Quebec, to be operational by early 2019. Global Canna Labs a 220,000 sq. ft outdoor/greenhouse operation in Jamaica with the potential to yield 25,000 kg, Evolution BnK a 70,000 sq. ft greenhouse in Italy with potential production of 7,000 kg, EasyJoint an Italian vertically integrated cannabis producer with a network 450 retail stores, Virindi unit a Swiss vertically integrated producer, and Little Green Pharma, Australia’s largest licensed producer in terms of production capacity. On April 4, the Company announced its first medical cannabis commercial sales in Jamaica from Global Canna Labs.
  • Market Cap: $ 52.1 Million
  • 7 Day Total Return: -9.1%
  • 30 Day Total Return: -16.7%
  • 90 Day Total Return: 11.1%

Oil & Gas Exploration and Production
Hemisphere Energy is a Canada-based oil producer operating in eastern Alberta. The Company holds 24,000 net acres in the Atlee Buffalo and Jenner oil pools with an average 100% working interest. The Company has drilled 12 wells in 2018, and on Sept 20, 2018, reported that its average production for the week of Sept 8-14 averaged 1,430 boe/d (98% oil). On April 24th, Hemisphere announced their financial and operating results for the fourth quarter and year ended December 31, 2018. These results featured an annual average production rate of 1,111 boe/d, a 69% increase over 2017, and $17.8 Million generated in annual revenue, a 62% increase from the previous year.
  • Market Cap: $ 12.1 Million
  • 7 Day Total Return: 4.8%
  • 30 Day Total Return: 4.8%
  • 90 Day Total Return: 10%

Healthcare Technology and Cannabis
NanoSphere Health Sciences is a healthcare technology company specializing in the controlled, rapid delivery of therapeutic agents via patented smart nanoparticles. The Company is advancing its NanoSphere Delivery System, which delivers active pharmaceutical ingredients with a significantly decreased onset time and increased bio-absorption. The System was patented March 27 for the delivery of cannabinoids, pharmaceuticals, nutraceuticals, cosmeceuticals and other biological agents. On December 14, 2018, the Company announced the closing a $1.3M financing at $0.30. On January 24, the Company signed a Definitive Licensing Agreement with Delta 9 Cannabis Inc. (TSXV:NINE) in a deal to open the Canadian market to NanoSphere’s patented technology. On May 2, 2019, NanoSphere announced that is has signed a Memorandum of Understanding with Stat Shield Technology LLC., where Stat will act as NanoSphere’s exclusive agent for hemp-derived CBD and other products. On April 2, the Company announced that its Evolve cannabis products have been approved by the State of California and will be available for purchase starting April 8.
  • Market Cap: $ 28.2 Million
  • 7 Day Total Return: -16.1%
  • 30 Day Total Return: -16.1%
  • 90 Day Total Return: -44.7%

Oil & Gas Exploration and Production
Touchstone Exploration Inc is a Canadian-based oil and gas producer with wells in Trinidad and Tobago. It focuses on onshore drilling, currently operating 10 producing blocks and 208 drilling locations. The Company’s properties currently produce ~1,800 bbls/d and host proven and probable reserves of 18.5M bbl. In October, Touchstone provided an operational update, delivering 2015 barrels per day of crude oil for the first nine days of October 2018. On May 14, 2019, Touchstone Exploration Inc announced its financial and operating results for the three months ended March 31, 2019. These results featured average quarterly crude oil production of 2,121 barrels per day, representing a 37% increase from the first quarter of 2018, and petroleum sales of $11,015,000, representing a 34% increase from the prior year first quarter.
  • Market Cap: $ 48.2 Million
  • 7 Day Total Return: 7.1%
  • 30 Day Total Return: 0%
  • 90 Day Total Return: 30.4%

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