Penny Stock Picks | November 27

  1. Supreme Pharmaceuticals Inc. (TSX-V:FIRE)

Last Friday, Supreme Pharmaceuticals entered a partnership with the Alliance of Beverage Licensees (ABLE BC), the advocacy organization representing British Columbia’s private liquor industry, under which Supreme will become the first licensed producer and supplier for ABLE BC’s over 1,000 retail members. The company’s shares soared by 16.9% on Monday.

  1. Cobaltech Mining Inc. (TSX-V:CSK)

Cobaltech Mining went up by another 34.5% on Monday after news last week that the company’s shareholders have approved its merger with First Cobalt Corp. (TSX-V:FCC). The aim for the combined company is to become the biggest cobalt player in the world, especially as tech giants like Tesla that are using cobalt as a battery component are moving away from Congo, where 60% of the world’s cobalt comes from.

  1. Datametrex AI Ltd. (TSX-V:DM)

Datametrex has entered into a license and development agreement with Revive Therapeutics Ltd. (TSX-V:RVV) to develop the artificial intelligence component in Revive’s proprietary patient-focused program enabled by blockchain technology dedicated to the medical cannabis industry. Datametrex’s share price increased by 6.8% on Monday.

  1. Cypress Development Corp. (TSX-V:CYP)

The company has completed the first half (five holes) of its fall 2017 drilling program on its Dean and Glory properties in Clayton Valley, Nevada. It expects to receive assay results later this month or in December. The geology and structure seen in all five holes are consistent with the drill results obtained on the Dean property earlier this year. The company’s stock is up 31.7%.

  1. Radient Technologies Inc. (TSX-V:RTI)

Radient Technologies saw a 22.7% gain at market close on Monday. Last week, the company expressed that it was pleased with Health Canada’s cannabis regulation proposals. The company is currently in a partnership with Aurora Cannabis Inc. (TSX-V:ACB), one of the hottest cannabis stocks in Canada.

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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.