Canadian Stocks That Surged Highest Today: $PMTS $NEPT $WBR

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CPI Card Group Joins First Mile And NextWave Plastics

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CPI Card Group Inc. (TSX:PMTS) was amongst the top gainers in yesterday's trading session gaining 3.39%. The company has joined the First Mile group of brands and committed companies to employ First Mile Material which is responsibly collected recycled plastic supporting waste collection networks in Taiwan, Haiti, and Honduras. First Mile engages reclamation workers directly who recover plastics polluting canals, streets, and landfills of their communities. So far around 5.4 million lbs. of plastic waste has been diverted by First Mile from Oceans and landfills effectively generating more than $690,000 in revenue.

Also, the company has joined the Lonely Whale initiative NextWave Plastics which is a consortium of firms aiming at the development of a global network of ocean-bound plastic supply chains.

Neptune Wellness Solutions Announced AGM Results

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Another stock that was also among the top gainers in yesterday's session is Neptune Wellness Solutions Inc. (TSX:NEPT) which gained 3.06%. The company has announced are fiscal Q1 2020 results reporting a 390% YoY growth in total revenue to $21,363 and 124% sequential quarter increase. Net loss in the quarter was $11,427 compared to $6,452 in fiscal Q1 2019. In Q2 2020 the company expects revenue to be between $28,000 and $32,000.

The company has announced voting results of the annual shareholder meeting on election of directors which took place on August 12, 2020. During the meeting, the shareholders appointed Ernst & Young LLP as the company's auditors.

Waterloo Brewing Announces Q2 2020 results

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Waterloo Brewing Ltd. (TSE:WBR) was also among the stocks that surged higher in yesterday's trading session gaining 2.90%. The company has reported its Q2 2020 results in which it saw a 61.5% surge in EBITDA to $5.8 million compared to the same period year ago. Net revenue in the quarter grew 44.4% YoY to $24.6 million while gross margin dropped 20.9%.

In 1H 2020 the company's net revenue was up 34.3% to $39.4 million while EBITDA increased by 51.1% to $7.9 million from $5.2 million in 1H 2019. The board of directors declared a quarterly dividend of $0.02625 per share which will be payable on October 30, 2020, to shareholders that will be on record as of October 16, 2020.

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