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Written by SmallCapPower.com
1. Oilfield services stock Savanna Energy Services Corp. (TSE:SVY)(SVGYF) gained 12% to $1.64 on Thursday after Total Energy Services Inc. (TSE:TOT)(TOTZF) announced that it intends to make an offer to acquire all outstanding shares of Savanna Energy, in an all-stock transaction in which Savanna shareholders would receive 0.1132 of a common share of Total for each Savanna share held.
2. Shares of Canopy Growth Corporation (TSE:CGC)(TWMJF) rose 13% to $11.80 as the medical cannabis producer said its wholly-owned subsidiary, Bedrocan Canada Inc., has successfully exported 10 kg of dried cannabis to Brazil for research purposes.
3. Saint Jean Carbon Inc. (CVE:SJL)(TORVF) reported that the Company and its battery manufacturing partner will build a high powered full scale lithium-ion battery with recycled/upcycling material from an electric car power pack and the upcycled anode material from Saint Jean Carbon. Saint Jean Carbon stock moved up 50% to $0.06 following the announcement.
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