Canadian Cannabis Stock Moves Higher on Harvest Update

WeedMD Inc. (TSXV:WMD), a Canadian cannabis stock, sprouted up after announcing the start of its outdoor cannabis harvest

Sean Mason | September 27, 2019 | SmallCapPower

Harvest time was encouraging news for investors in a Canadian cannabis stock Friday. Here’s some small stocks making big moves on Friday, September 27, 2019 (as of 4:00 pm EST):

WeedMD Inc. (TSXV:WMD), a Canadian cannabis stock, gained 3% to $1.44 on Friday after announcing that it has begun harvesting its inaugural outdoor-cultivated cannabis crop located on 27 acres at its facility in Strathroy, Ontario.

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As well, shares of Goldsource Mines Inc. (TSXV:GXS) slipped 10% to $0.090 as the gold junior said it will begin trading on the OTCQB under its existing ticker symbol “GXSFF” on September 27, 2019.

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NextSource Materials Inc. (TSX:NEXT), meanwhile, reported results of the 2019 Feasibility Study for its 100%-owned Molo Graphite Project in Madagascar. Highlights included a pre-tax internal rate of return of 43.1% with a pre-tax Net Present Value, at 8% discount rate, of US$237.1 million. NextSource Materials stock moved up 33% to $0.04 following the announcement.

Finally, Barrian Mining Corp. (TSXV:BARI) shares rose 3% to $0.20 after the gold explorer announced that it has completed its summer drill program at its flagship Bolo Project in Nevada, totaling 1,838 metres.

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

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