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Hempco Food and Fiber Inc. (TSX-V:$HEMP)
Hempco continued its surge from last week, now trading at $2.89, which is more than double its price at market close last Friday. Recently, Hempco shareholders approved the proposed investment by Aurora Cannabis Inc. (TSX:$ACB) in the company.
On Tuesday, Hempco appointed Aurora director Diane Jang as its CEO, continuing the collaboration between the two companies. Aurora also saw its shares jump by 7.4% for the day.
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Mexican Gold Corp. (TSX-V:$MEX)
Following the release of encouraging assay results from its Las Minas property in Mexico, Mexican Gold shares went up by 14.3% on Tuesday, closing at $0.36 per share. Management believes that these results bode well for a significant increase in tonnage at Las Minas and also positively impact the economics of the project.
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Benz Mining Corp. (TSX-V:$BZ)
Benz Mining saw its shares jump by 20.8% on Tuesday following the release of new drill results from its Mel zinc-lead-barite project. From these results, the company is confident that it will significantly upgrade the size and resource estimate in 2018.
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Harvest One Cannabis Inc. (TSX-V:$HVST)
Harvest One, through Swiss subsidiary Satipharm AG, announced Tuesday that its Melbourne-based distribution partner, HL Pharma Pty. Ltd., has commenced distribution of Satipharm’s Gelpell-CBD capsules to approved patients in Australia. This will bring near-term revenue growth for Harvest One and positions the company for further international expansions.
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Supreme Pharmaceuticals Inc. (TSX-V:$FIRE)
On Tuesday, Supreme Pharmaceuticals closed a $40.25 million bought deal financing to develop its facilities in Kincardine, Ontario. This financing follows up on its announcement last week that the company has begun production at its newly constructed flower rooms. Like most cannabis-related companies over the past few weeks, Supreme Pharmaceuticals is likely to see further gains once marijuana becomes officially legal.
Featured image: mexicangold.ca
