Cannabis Company Signs Distribution Agreement - Shares Pop

A small Vancouver-based company turned heads today after shares popped following an announcement. Harvest One Cannabis Inc. (OTCQB:HRVOF) announced today that it has further expanded its international presence with the signing of a Distribution Agreement with leading distributor Golden River Services Ltd., based in China.

Harvest One is an early-entry global cannabis company. It services the medical and recreational cannabis markets, in Canada and internationally. The firm serves as the umbrella company over United Greeneries, Satipharm AG, Dream Water, and Delivra.

Traders seemed to be excited on the news as shares traded up to a session high of $0.02895/share (+52.6%) following the headline. This move is an enormous bullish breakout from the trading range the stock was in for over a year.