Home / Uncategorised / Canadian Cannabis Stock Rises on Operations Update
Canadian Cannabis Stock Rises on Operations Update

Canadian Cannabis Stock Rises on Operations Update

Auxly Cannabis Group Inc. (TSXV:XLY), a Canadian cannabis stock, moved higher after providing an update on its operations in Uruguay

Sean Mason | September 14, 2018 | SmallCapPower

Good news from South America lifted a Canadian cannabis stock Friday. Here’s some small stocks making big moves on Friday, September 14, 2018 (as of 11:30 am EST):

Auxly Cannabis Group Inc. (TSXV:XLY), a Canadian cannabis stock, moved up 8% to $1.37 on Friday after providing an operational update on its operations in Uruguay conducted through its 80% owned holding Inverell S.A., saying that “Inverell is poised to be a dominant player in the production of CBD extract for export in South America with their world-class hemp cultivation and processing assets.”

Read: Canadian Cannabis Stocks with Appealing Latin American Assets

For Our Complete Coverage Of Canadian Marijuana Stocks Click Here     

As well, shares of Emblem Corp. (TSXV:EMC) slipped 4% to $1.73 as the cannabis producer said it has terminated its letter of intent to acquire Natura Naturals Holdings Inc.

 

Leonovus Inc. (TSXV:LTV), meanwhile, revealed its Blockchain Evidence Locker, a   new product offering that enables law enforcement organizations to address their storage requirements with confidence that their digital evidence remains available and cryptographically-verifiable. The Company added that it is taking customer orders for trials in Q4 2018 and expects full deployment of this solution in Q1 2019. Leonovus stock moved up 16% to $0.185 following the announcement.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

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.

Full story is available here.

About Stoners

Check Also

AGLC suspends new recreational cannabis applications amid supply squeeze

AGLC suspends new recreational cannabis applications amid supply squeeze

“Unfortunately, regardless of our efforts, we are seeing the supply of most products run out.” …

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.