Canadian Marijuana Stock Climbs on Financial Results

Village Farms International, Inc. (TSX:VFF), a Canadian marijuana stock, moved higher after announcing better-than-expected Q4 revenue

Sean Mason | March 14, 2019 | SmallCapPower

Better-than-expected financial results sent a Canadian marijuana stock sharply higher Thursday. Here’s some small stocks making big moves on Thursday, March 14, 2019 (as of 11:30 am EST):

Village Farms International, Inc. (TSX:VFF), a Canadian marijuana stock, rose 6% to $17.97 on Thursday after announcing better-than-expected fourth-quarter revenue of US$40.6 million, while swinging to a quarterly profit of US$0.3 million from a net loss of US$0.6 million during the same period last year.

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As well, shares of Transat A.T. Inc. (TSX:TRZ) slipped 7% to $4.99 as the integrated tourism company said its first-quarter adjusted operating loss widened to $37.7 million from $28.8 million during the same period last year.

Radient Technologies Inc. (TSXV:RTI), meanwhile, reported that it has begun production of cannabis extracts at commercial scale utilizing its patented, proprietary MAP extraction technology platform. Radient Technologies stock moved up 6% to $1.03 following the announcement.

Finally, CardioComm Solutions, Inc. (TSXV:EKG) shares gained 19% to $0.095 after the heart monitoring and electrocardiogram software solutions provider announced that it has released GlobalCardio 12 FLEX, a remote 12-lead ECG acquisition and reading solution.

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

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