Here’s our fortnightly wrap of all the news driving ASX small cap health stocks.

Shares in pot stock Zelda Therapeutics (ASX:ZLD) have gained 6 per cent off the back of some recent momentum.

The company says it will look into treating breast cancer after Professor Cristina Sanchez, a member of its medical advisory board, found in a study that treatment with THC can promote anti-tumour responses under certain conditions. You can read the complicated science behind that study here.

It also is preparing for a future in the US, signing a binding agreement with US pot company Ilera Healthcare to open up a market there.

Cancer fighter Immutep (ASX:IMM) has been another company to see a modest rise in the share price after a series of incremental announcements.

The company, which already has deals with pharma giants Merck and Pfizer, has been busy over the past few weeks, presenting new data on its cancer and autoimmune disease drugs at various conferences, dosing patients in a Phase II trial with patients suffering from lung cancer and picking up a tidy $872k in the research and development tax incentive.

THC Global (ASX:THC) has gained 16 per cent in the past fortnight, as makes its first revenue from medicinal cannabis.

Calling itself the “leading medicinal cannabis company”, THC reported $815 in external sales in its medicinal cannabis segment for the 2018 financial year.

The rest of the $2.7 million it made came from sales of hydroponics equipment, materials and nutrients.

And a little like when we last checked inFactor Therapeutics (ASX:FTT) leads the charge with a 67 per cent rise, but that is due simply to its languishing share price fluctuating at less than half a cent.

It hasn’t been a great few weeks for Smiles Inclusive (ASX:SIL). The company lost its CEO in February, and then came under pressure to be more transparent with its finances. Its shares have fallen 40 per cent.

The company said its bankers have agreed – for the time being – to overlook any past breaches of their debt covenants.

In the half year accounts, Smiles said NAB was “considering” its request for a covenant waiver due to “significant events” in the first six months of the financial year.

Loan covenants are conditions that require the borrower to fulfil certain conditions or forbids them from taking certain actions while they owe money.

If they breach these conditions, they have to hope their debtor will waive the penalty.

Althea Group (ASX:AGH) have also suffered a share price drop, down 19 per cent.

The company has enough money for its Victorian cannabis growing facility in the current cash kitty and a large marketing spend, however.

Here’s a table showing price performance for the ASX’s small cap health stocks.

Swipe or scroll to reveal full table. Click headings to sort

ASX codeCompanyLast priceMarket cap1-mnth return
FTT FACTOR THERAPEUTICS LTD0.005 $5,214,178.00 67
EHH EAGLE HEALTH HOLDINGS LTD0.29 $92,344,656.00 35
IBX IMAGION BIOSYSTEMS LTD0.034 $10,650,513.00 32
RNO RHINOMED LTD0.2 $28,386,656.00 29
GSS GENETIC SIGNATURES LTD1.15 $124,832,328.00 28
IHL IMPRESSION HEALTHCARE LTD0.021 $12,529,487.00 28
ATX AMPLIA THERAPEUTICS LTD0.15 $6,153,495.50 25
IMU IMUGENE LTD0.018 $72,196,928.00 25
SUD SUDA PHARMACEUTICALS LTD0.005 $12,909,796.00 25
BIT BIOTRON LTD0.095 $57,758,564.00 24
PAR PARADIGM BIOPHARMACEUTICALS1.505 $197,120,720.00 23
TDL TBG DIAGNOSTICS LTD0.05 $10,879,364.00 22
MVP MEDICAL DEVELOPMENTS INTERNA4.475 $305,427,072.00 18
VHT VOLPARA HEALTH TECHNOLOGIES1.21 $218,807,200.00 17
UCM USCOM LTD0.14 $19,269,722.00 17
THC THC GLOBAL GROUP LTD0.58 $74,457,376.00 16
ELX ELLEX MEDICAL LASERS LTD0.62 $94,776,728.00 16
ANP ANTISENSE THERAPEUTICS LTD0.035 $13,749,890.00 16
AMT ALLEGRA ORTHOPAEDICS LTD0.12 $11,947,086.00 14
AVH AVITA MEDICAL LTD0.155 $298,310,336.00 14
RHY RHYTHM BIOSCIENCES LTD0.16 $16,120,000.00 14
JHC JAPARA HEALTHCARE LTD1.385 $371,317,984.00 14
MVF MONASH IVF GROUP LTD1.095 $256,783,232.00 14
VBS VECTUS BIOSYSTEMS LTD0.395 $9,235,098.00 13
KZA KAZIA THERAPEUTICS LTD0.52 $32,948,336.00 10
JHL JAYEX HEALTHCARE LTD0.033 $5,531,230.00 10
OSP OSPREY MEDICAL INC-CDI0.11 $47,497,712.00 10
PBT PRANA BIOTECHNOLOGY LTD0.044 $24,405,782.00 10
SKN SKIN ELEMENTS LTD0.024 $3,175,317.00 10
CTE CRYOSITE LTD0.045 $2,108,680.25 10
TPE TPI ENTERPRISES LTD1.02 $85,139,872.00 9
ACR ACRUX LTD0.175 $29,980,568.00 9
ADR ADHERIUM LTD0.025 $4,356,848.50 9
ITD ITL HEALTH GROUP LTD0.1457
IMM IMMUTEP LTD0.032 $108,275,144.00 7
ZLD ZELDA THERAPEUTICS LTD0.055 $42,299,148.00 6
ADO ANTEO DIAGNOSTICS LTD0.02 $22,035,374.00 6
LCT LIVING CELL TECHNOLOGIES LTD0.04 $22,286,198.00 5
MDC MEDLAB CLINICAL LTD0.395 $83,353,560.00 5
CYP CYNATA THERAPEUTICS LTD1.65 $162,392,080.00 5
MEB MEDIBIO LTD0.02 $4,052,565.50 5
BOT BOTANIX PHARMACEUTICALS LTD0.115 $83,767,712.00 5
PAB PATRYS LTD0.022 $23,596,988.00 5
RGS REGENEUS LTD0.11 $22,977,366.00 5
CP1 CANNPAL ANIMAL THERAPEUTICS0.115 $11,175,000.00 4
BLT BENITEC BIOPHARMA LTD0.14 $34,698,972.00 4
NC6 NANOLLOSE LTD0.083 $6,224,999.50 4
OCC ORTHOCELL LTD0.14 $16,907,770.00 4
BWX BWX LTD2.14 $283,289,760.00 4
RAP RESAPP HEALTH LTD0.092 $61,688,616.00 3
KKT KONEKT LTD0.22 $23,273,104.00 2
RHT RESONANCE HEALTH LTD0.078 $31,797,308.00 1
S66 STAR COMBO PHARMA LTD0.61 $52,787,328.00 1
PBP PROBIOTEC LTD1.51 $90,224,888.00 1
1ST 1ST GROUP LTD0.027 $7,059,248.00 0
1AD ADALTA LTD0.24 $28,225,086.00 0
ALC ALCIDION GROUP LTD0.042 $35,449,532.00 0
BPH BPH ENERGY LTD0.001 $2,543,277.75 0
DXB DIMERIX LTD0.087 $13,815,551.00 0
FFC FARMAFORCE LTD0.095 $12,141,093.00 0
GTG GENETIC TECHNOLOGIES LTD0.007 $21,152,926.00 0
IDT IDT AUSTRALIA LTD0.155 $36,727,740.00 0
IVX INVION LTD0.013 $82,509,096.00 0
MGZ MEDIGARD LTD0.02 $2,706,006.50 0
OSL ONCOSIL MEDICAL LTD0.165 $104,066,952.00 0
POH PHOSPHAGENICS LTD0.004 $6,309,829.50 0
SVA SIMAVITA LTD-CDI0.017 $7,102,228.00 0
SOM SOMNOMED LTD1.75 $109,907,296.00 0
VLS VITA LIFE SCIENCES LTD0.865 $48,277,604.00 0
HLA HEALTHIA LTD0.98 $62,404,312.00 -1
ICS ICSGLOBAL LTD0.92 $9,737,297.00 -1
ONT 1300 SMILES LTD6.19 $145,385,280.00 -1
NEU NEUREN PHARMACEUTICALS LTD1.21 $122,772,320.00 -1
OPT OPTHEA LTD0.75 $187,061,136.00 -1
PNV POLYNOVO LTD0.71 $479,288,832.00 -1
CMP COMPUMEDICS LTD0.34 $61,121,216.00 -1
GMV G MEDICAL INNOVATION HOLDING0.295 $103,313,808.00 -2
ACW ACTINOGEN MEDICAL LTD0.054 $59,251,008.00 -2
PXS PHARMAXIS LTD0.26 $102,515,736.00 -2
MMJ MMJ GROUP HOLDINGS LTD0.23 $54,085,012.00 -2
UBI UNIVERSAL BIOSENSORS INC-CDI0.2 $37,221,140.00 -2
MDR MEDADVISOR LTD0.04 $54,420,584.00 -2
PCK PAINCHEK LTD0.038 $32,735,998.00 -3
RSH RESPIRI LTD0.083 $41,018,880.00 -3
BNO BIONOMICS LTD0.19 $98,043,456.00 -3
PAA PHARMAUST LTD0.032 $7,531,305.00 -3
PGC PARAGON CARE LTD0.45 $153,392,672.00 -3
RCE RECCE PHARMACEUTICALS LTD0.15 $16,069,488.00 -3
PSQ PACIFIC SMILES GROUP LTD1.225 $186,191,904.00 -4
TLX TELIX PHARMACEUTICALS LTD0.675 $148,488,768.00 -4
NTI NEUROTECH INTERNATIONAL LTD0.025 $3,393,596.75 -4
PYC PHYLOGICA LTD0.024 $58,628,560.00 -4
HCT HOLISTA COLLTECH LTD0.06 $14,042,345.00 -5
SDI SDI LTD0.805 $95,092,424.00 -5
MXC MGC PHARMACEUTICALS LTD0.039 $44,874,724.00 -5
BD1 BARD1 LIFE SCIENCES LTD0.016 $15,910,323.00 -6
AHX APIAM ANIMAL HEALTH LTD0.47 $49,479,132.00 -6
CYC CYCLOPHARM LTD1.105 $75,912,256.00 -7
OVN OVENTUS MEDICAL LTD0.27 $28,603,588.00 -7
NOX NOXOPHARM LTD0.41 $49,477,540.00 -7
SCU STEMCELL UNITED LTD0.02 $10,306,904.00 -7
NVL NATIONAL VETERINARY CARE LTD1.94 $130,652,664.00 -7
MX1 MICRO-X LTD0.255 $37,939,524.00 -7
ANR ANATARA LIFESCIENCES LTD0.36 $17,788,764.00 -8
NHL NOVITA HEALTHCARE LTD0.023 $10,783,324.00 -8
SDX SIENNA CANCER DIAGNOSTICS LT0.06 $16,043,364.00 -8
CAN CANN GROUP LTD1.535 $222,129,760.00 -8
IPD IMPEDIMED LTD0.2275 $85,387,200.00 -8
ESE ESENSE-LAB LTD-CDI0.022 $3,899,215.25 -9
GLH GLOBAL HEALTH LTD0.155 $5,220,182.00 -9
AZV AZURE HEALTHCARE LTD0.05 $11,635,641.00 -9
BXN BIOXYNE LTD0.021 $12,802,908.00 -9
OBJ OBJ LTD0.019 $32,570,328.00 -10
RAC RACE ONCOLOGY LTD0.073 $6,167,686.00 -11
ACL ALCHEMIA LTD0.008 $2,597,789.00 -11
ALT ANALYTICA LTD0.005 $13,348,049.00 -11
EXL ELIXINOL GLOBAL LTD3.15 $392,333,024.00 -11
CDY CELLMID LTD0.23 $19,765,520.00 -11
VTI VISIONEERING TECH-CDI0.092 $22,119,750.00 -12
DVL DORSAVI LTD0.035 $7,140,587.50 -13
M7T MACH7 TECHNOLOGIES LTD0.175 $25,858,662.00 -13
CAJ CAPITOL HEALTH LTD0.2 $157,113,792.00 -13
CPH CRESO PHARMA LTD0.345 $45,473,072.00 -13
IMC IMMURON LTD0.23 $32,939,612.00 -13
PIQ PROTEOMICS INTERNATIONAL LAB0.295 $23,751,030.00 -13
AC8 AUSCANN GROUP HOLDINGS LTD0.37 $117,454,144.00 -14
PTX PRESCIENT THERAPEUTICS LTD0.061 $12,077,335.00 -14
MEM MEMPHASYS LTD0.021 $8,192,006.00 -14
AXP AIRXPANDERS INC-CDI0.036 $18,987,634.00 -15
NSB NEUROSCIENTIFIC BIOPHARMACEU0.17 $12,508,701.00 -15
ONE ONEVIEW HEALTHCARE PLC-CDI0.44 $29,686,722.00 -15
LSH LIFESPOT HEALTH LTD0.059 $4,576,552.00 -16
OIL OPTISCAN IMAGING LTD0.049 $20,768,582.00 -17
AGH ALTHEA GROUP HOLDINGS LTD0.34 $71,158,496.00 -19
LBT LBT INNOVATIONS LTD0.06 $12,055,622.00 -19
RVA REVA MEDICAL INC - CDI0.17 $70,561,504.00 -19
CDX CARDIEX LTD0.046 $31,990,036.00 -25
CGS COGSTATE LTD0.34 $34,566,896.00 -39
SIL SMILES INCLUSIVE LTD0.175 $10,138,257.00 -40
FTT FACTOR THERAPEUTICS LTD0.005 $3,128,507.00 80
SILSMILES INCLUSIVE0.545
RAPRESAPP HEALTH0.105
AXPAIRXPANDERS-CDI0.04