Canadian marijuana stock climbs on sales data

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Stellar sales figures propelled a Canadian marijuana stock sharply higher Thursday. Here’s some small stocks making big moves on Thursday, January 10, 2019 (as of 11:30 am EST):

National Access Cannabis Corp.(TSXV:META), a Canadian marijuana stock, moved 12% higher to $0.74 on Thursday after announcing that it has achieved $10.18 million in cumulative sales in just over 80 days of retail operation since recreational legalization on October 17, 2018, and $3.95 million in its first 50 days.

As well, shares of Spot Coffee (Canada) Ltd. (TSXV:SPP) jumped 33% to $0.08 as the provider of community-oriented cafés and express cafés said, so far in January, it has signed five new franchise deposit agreements to develop five new Spot cafés.

WeedMD Inc. (TSXV:WMD), meanwhile, reported that it has entered into a supply agreement with Manitoba Liquor and Lotteries Corporation to supply branded cannabis products to the province’s private cannabis retailers. WeedMD stock gained 9% to $1.66 following the announcement.

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