LGC Capital Ltd. (CVE:QBA), a marijuana stock, moved sharply higher after announcing a new 50/50 Joint Venture to grow cannabis in southern Africa.

LGC Capital Ltd. (TSXV: QBA), a new marijuana stock, surged 57% to $0.055 on Monday after announcing that it has entered into a strategic alliance with AfriAg (Pty) Ltd to create a new 50/50 Joint Venture to grow and distribute medical and recreational cannabis products in the southern African region for export to regulated and certified end users around the world.

As well, shares of Red Eagle Mining Corporation (TSX: R) sank 30% to $0.31 as the gold miner said challenging ground conditions have led to unacceptable dilution and gold losses using the current mining method at its San Ramon Gold Mine in Colombia and, thus, management has deemed it prudent to halt stope production and move to a new mining method that will require the construction of a paste backfill plant.

Canadian Zeolite Corp. (TSXV: CNZ), meanwhile, reported that a two-year study conducted by the University of Saskatchewan in partnership with PotashCorp, Agrium and Mosaic using the Company’s Bromley Creek zeolite was successful in remediating potash brine-impacted groundwater. Canadian Zeolite stock moved up 13% to $0.68 following the announcement.