Canadian Cannabis Stock Rises on Big U.S. Move

The Green Organic Dutchman Holdings Ltd. (TSX:TGOD), a Canadian cannabis stock, moved higher after announcing its intention to list its shares on the NASDAQ

Sean Mason | August 7, 2019 | SmallCapPower

A pending up-listing south of the border lifted a Canadian cannabis stock Wednesday. Here’s some small stocks making big moves on Wednesday, August 7, 2019 (as of 11:30 am EST):

The Green Organic Dutchman Holdings Ltd. (TSX:TGOD), a Canadian cannabis stock, gained 9% to $3.47 on Wednesday after announcing that it has submitted an application to list its common shares on the NASDAQ.

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As well, shares of NuVista Energy Ltd. (TSX:NVA) slid 16% to $2.18 as the oil and natural gas company said its second-quarter adjusted funds flow was $64.3 million, or $0.29 per share, a decrease of 8% per share versus the previous quarter, which the Company attributed primarily to reduced natural gas and NGL prices that was partially offset by increased production.

Maxar Technologies (TSX:MAXR), meanwhile, reported that the high-power Intelsat 39 communications satellite, built for Intelsat, successfully launched yesterday and is performing according to plan. The Company also said it swung to a second-profit of $2.45 per share. Maxar Technologies stock moved up 10% to $10.48 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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