Penny Stock Picks | December 12

  1. The Hydropothecary Corp. (TSX-V:THCX)

The company’s stock went up by 18.1% on Tuesday following its recently announced land acquisition and plans to expand dried cannabis production to 108,000 kilograms a year. Its share price has gone from $1.40 to $4.11 in the past three months.


  1. Block One Capital Inc. (TSX-V:BLOK)

Block One Capital has increased its recently announced financing to $8 million from $5 million, showing a high investor interest and demand for the company’s equity. Its stock climbed 9.4% on Tuesday and has gone from $0.40 to $1.28 in just one month.

  1. YDreams Global Interactive Technologies Inc. (TSX-V:YD)

On Tuesday, YDreams’ augmented reality technology was chosen by one of the most powerful media conglomerates in the world for a project. The company did not disclose the client’s name. Its shares soared by 19.6% as a result of this news.

  1. Corvus Gold Inc. (TSX:KOR)

Corvus Gold shares increased by 10% on Tuesday following the release of new drill results from its Mother Lode project in southern Nevada. The company has also expanded its landholding at the project.

  1. Identillect Technologies Corp. (TSX-V:ID)

Identillect announced today that it plans to become a blockchain-based solutions provider to companies looking to comply with the new EU data protection regulation, which is set to be enforced in May 2018. This could be a great opportunity for Identillect as financial firms like Credit Suisse are currently testing a blockchain platform to help them reach compliance.

Featured Image: blockonecap.com

About the author: In addition to writing financial content and analysis, Jackson has worked as a business journalist at Stockwatch and research analyst at various organizations. He obtained his MA Economics from Concordia University in Montreal and BA Economics from the University of British Columbia, with special emphasis on environmental and industrial economics.