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Buds & Duds: Harvest One acquires Delivra; ICC inks licensing agreement

Also on the move was Empower, which announced positive results from its AI pilot program

Person tends to cannabis plants
The Harvest One acquisition includes Delivra's LivRelief brand

The cannabis sector thrived Tuesday along with the broader US market. 

The North American Marijuana Index, which tracks top cannabis stocks, grew 1% to 303.6.

Buds

Harvest One Cannabis Inc (OTCMKTS:HRVOF) (CVE:HVT) announced an agreement Tuesday to acquire issued and outstanding common stock of Delivra Corp (OTCMKTS: DLRVF) (CVE:DVA). 

Delivra shareholders will get about 0.5 share of Harvest One for each Delivra share. Vancouver-based Harvest One acquired Delivra’s LivRelief brand, which boosts the company’s standing in advance of the legalization of infused cannabis products this fall in Canada.

Shares of Harvest One jumped more than 13% to C$1.12 in Toronto and climbed nearly 12% to US$0.83 on the OTC Markets. Delivera gained 9.1% to C$0.60 in Canada and was up 11% to US$0.45.

ICC International Cannabis Corp (OTCMKTS:WLDCF) (CSE:WRLD) announced Tuesday signing a licensing agreement with Authentic Brands Group to market and distribute cannabidiol health and wellness products in Europe. Vancouver-based ICC is licensing brands named after Marilyn Monroe, Elvis Presley and Frederick's of Hollywood.

The stock of ICC was up 1.5% to C$0.34 on the CSE and climbed 1.6% to US$0.34 on OTC Markets.

READ: Empower Clinics gleans key patient insights from its artificial intelligence program

Empower Clinics Inc (OTCMKTS:EPWCF) (CSE:EPW) announced Tuesday that the artificial intelligence tools supplied by Canntop AI as part of its pilot program was helping the medical cannabis company create “actionable insights” to improve patient care.

Vancouver-based Empower said Canntop AI provided crucial search engine optimization (SEO) terms and phrases that Canntop integrated into the artificial intelligence platform so Empower could get more insights about Portland, Oregon, and Phoenix, its two largest markets.

The share price of Empower spiked 11% to C$0.15 on the CSE. 

Duds

GrowGeneration Corp (OTCMKTSGRWG) fell nearly 5% to $3.06.

Origin House (OTCQX:ORHOF) (CSE:OH) slipped 0.5% to C$10.13 in Canada and was down 3% to $7.56 on the OTC Markets.

 

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

Quick facts: Harvest One Cannabis Inc.

Price: 0.055 CAD

TSX-V:HVT
Market: TSX-V
Market Cap: $11.83 m
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Full interview: Harvest One Cannabis receives Health Canada cultivation...

Harvest One Cannabis Inc (CVE:HVT) (OTCMKTS:HRVOF) Senior Vice President of Corporate & Public Affairs Will Stewart tells Proactive the cannabis company has earned a cannabis cultivation license from Health Canada for phase one of its Mission Road facility in Duncan, British...

on 15/10/19

2 min read