Three Canada Stocks Whose Volume Surged On Bullish Signals: $GLH $PREV $EAT

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Golden Leaf Holdings Reports Q2 2020 Results

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Golden Leaf Holdings Ltd. (TSX:GLH) gained 12.50% on a volume of 1.92 million shares. The company has announced its Q2 2020 results for the quarter ending June 30, 2020. Golden Leaf had record revenue from ongoing operations in the quarter of $5.5 million which is a 40% increase from Q2 2019 and a 16% increase for Q1 2020. Growth was boosted by the 16% increase in total tickets. Same-store sales In Chalice Farms were up 34% compared to Q2 2019.

Adjusted EBITDA loss was $0.7 million in the quarter and for 1H 2020 adjusted EBITDA was $1.4 million. The company currently has adequate cash on hand to meet short-term obligations.

Preveceutical Medical Receives AU$1.23 million in Cash Rebate From Government

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Preveceutical Medical Inc. (TSX:PREV) also jumped 28.57% on a volume of 1.76 Million shares. The company has announced that it has received A$1.23 million in cash rebates from the Australian Federal Government's Research and Development Incentive Program. PreveCeutical said that the rebate is related to expenditure across the company's portfolio on eligible R&D activities that include Sol-gel nose-to-brain drug delivery system as well as the non-addictive analgesics programs conducted at Queensland University.

The company also announced the successful completion of a rodent model for its opioid-replacement pain-relieving drug. The model was part of the 2018 analgesic program to develop peptide-based therapies for inflammation and moderate-to-severe pain.

Nutritional High International - add subheading

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Nutritional High International Inc. (TSX:EAT) stock also changed 0.00% on a volume of 1.35 million shares. The company has announced the completion of the acquisition of Psychedelic Science Corp. Psychedelic develops wellness and health products while researching the therapeutic impacts of psychoactive and non-psychoactive plant-based products. Its research and initial development of products will be in Thailand in collaboration with Rangsit University.

Under the agreement, the company will develop cultivation and extraction methods for mushrooms, cacti, and other plant compounds. Currently, trials are being determined to determine the efficacy and safety of full pant cacti extract in the treatment of various indications like anxiety, pain, and depression.

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