Those with investments in startup companies are always waiting for the small-company stocks to make some big moves. Here are some of such stocks on Wednesday, June 7, 2017 (as of 4 PM EST).
Village Farms International, Inc. (TSX:$VFF)
Shareholders of this company are having a good day — after its announcement of a definitive agreement with Emerald Health Therapeutics Inc. (TSXV:$EMH), shares have risen 18% to $2.25. The agreement specified the joint venture of the two companies in the large-scale production of high-quality and low-cost cannabis. Village Farms has made the initial contribution with a 1.1 million-square foot greenhouse facility located in Delta, British Columbia.
MedReleaf Corp. (TSX:$LEAF)
MedReleaf made some big moves — but they weren’t good ones. After its first day of trading with an Initial Public Offering (IPO) priced at $9.50, the company’s shares went down 22% to $7.40.
MedReleaf is a Canadian-based company that produce and sells dried cannabis and cannabis oil products to patients who are registered to the Access to Cannabis for Medical Purposes Regulations.
DragonWave Inc. (TSX:$DRWI)
After reportedly an award of a product supply and installation services contract with SmartSky Networks, the microwave solutions company DragonWave saw a 72% increase in stocks, or $1.50. SmartSky Networks is a company that provides 4G LTE inflight wifi.
Goodfood Market Corp. (TSX:$FOOD)
After announcing a total number of 23,000 active subscribers using its meal-kit product, Goodfood Market’s stocks rose 18% to $2.35. The increase of active subscribers meant a total of 77% increase over the February 28, 2017 quarter end, and an 889% increase over the May 31, 2016 quarter end.
Featured Image: twitter
