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Hempco Food and Fiber Inc. (TSX-V:$HEMP)
Hempco shares jumped by nearly 37% on Friday following the approval by its shareholders for Aurora Cannabis Inc. (TSX:$ACB)’s proposed investment in Hempco. This partnership would allow Hempco to expand its 56,000-square-foot facility at Nisku, Alberta, and to benefit from Aurora’s rapidly expanding cannabis operations. Aurora’s stock has also gone up by almost 15%. Both companies are likely to see more gains in the near future.
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Supreme Pharmaceuticals Inc. (TSX-V:$FIRE)
Continuing with cannabis companies, Supreme Pharmaceuticals saw its shares go up by 7.1% on Friday. The company recently began production at the newly constructed flowering rooms recently approved by Health Canada. The company is expecting the first harvest in Q1 2018.
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Radient Technologies Inc. (TSX-V:$RTI)
Another company riding on the back of Aurora Cannabis is Radient Technologies, which recently finalized a five-year master services agreement with Aurora, under which Radient will perform various services for Aurora using its proprietary MAP technology. This deal brings together the cannabis industry’s most advanced cultivation facility (Aurora Sky) and the most advanced extraction platform, the MAP technology.
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New Nadina Explorations Ltd. (TSX-V:$NNA)
New Nadina recently completed drilling the first target at its Silver Queen property in B.C. and confirmed that the highly conductive geophysical anomaly contains sulfides. Its stock is now trading at $3.50, compared with $0.30 just two weeks ago when the drilling update was released.
The company has also just received an extension for its land-use permit at the Monument diamond project in NWT.
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Tasca Resources Ltd. (TSX-V:$TAC)
Up 133.3% at market close, Tasca Resources recently announced significant deals to acquire a total of 5,290 hectares of mining claims in B.C. One claim block has prior exploration history, hosting a 1,600-metre-wide charegeability anomaly. The sheer size of these mining claims and the fact that Tasca is a first mover in this region make the company a good stock to own, as it could potentially see a similar movement to New Nadina.
Featured image: hempcocanada.com
