It was a fairly uneventful day in Canadian weedstocks on Monday, as the heavy-hitting news flow emanated down south. The Horizons Marijuana Life Sciences Index ETF (HMMJ) finished up modestly (↑1.29%), taking its cues from the major U.S. indexes.

But as usual, a handful of sector standouts took shape. Midas Letter recaps the non-Village Farms movers that most caught our attention.

SugarBud Craft Growers

A modest $0.025 rise (↑31.25%) for a stock that trades in deep penny stock territory is not something we’d usually highlight. However, SugarBud’s volume profile caught our attention. With 10.14 million shares trading hands, SUGR attained record high volume since converting from an oil & gas company to cannabis LP last October.

While Sugarbud’s news cycle has been scant, they’re gearing up to receive their cultivation license shortly. On March 6th, the company announced the submission of its Affirmation of Readiness and Video Evidence Package to Health Canada. The government agency now owns the last-mile process of dishing out a cultivation license in respect to Sugarbud’s Stavely, AB facility.

Phase 1 is comprised of 29,800 total square feet of floorplate. SugarBud estimates that at full throttle—with four layers of flowering canopy—the facility will have up to 37,000 sq. ft. of production capacity. At a metric of 50 grams per square foot of flowering canopy per crop—five crops per year—the company expects to yield approximately 9,250,000 grams of dried cannabis flower on an annualized basis.

National Access Cannabis

Again, the big story here is volume rather than actual eye-popping aggregate gains. While META did finished a solid $0.13 (↑18.06%) higher, volume chimed-in a its second highest level over the past year (2.91M shares)—ending at session highs.

The impetus for today’s gain appears to be tack-on momentum from a press release issued by National Access Cannabis last Thursday. In it, the company said it was successfully executing on its growth strategy—doubling sales to over $20 million in 140 days of operation since legalization, with cumulative gross margin of over 30%. With 23 stores in Alberta and Manitoba, NAC currently owns the biggest retail footprint of any cannabis operator in Canada. That includes all Tier-1 licensed producers. National Access Cannabis plans to add an additional five locations throughout Manitoba by the end of Q2 2019, as well as a planned expansion to Saskatchewan.

Despite the substantial growth and relatively modest market capitalization, META trades 55.29% below its all-time high of $1.32/share achieved last July.

SOL Global Investments

Although its news cycle had been on overdrive recently, SOL Global Investments latest release finally hit the mark with investors.