10:20:57 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Shell Summary for March 11, 2019

2019-03-11 20:46 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

The TSX Venture Exchange gained 1.47 points to 619.55 Monday. Tyler Robson's shell graduate and Kelowna marijuana processing firm, Valens Groworks Corp. (VGW), gained 28 cents to $2.98 on 879,400 shares. It has arranged a deal to provide marijuana and hemp oil extraction services to The Green Organic Dutchman Holdings Ltd. (TGOD: $4.40) for at least two years. The Dutchman, an Ontario marijuana producer, went public on the Toronto Stock Exchange with a $115.01-million initial public offering at $3.65 in April, 2018.

Valens has arranged similar marijuana oil extraction deals with companies such as Harvest One Cannabis Inc. (HVT: $0.71) and GTEC Holdings Ltd. (GTEC: $0.60). Nevertheless, in the quarter ended Aug. 31, 2018, Valens lost $2.3-million on meagre revenue of $14,575. Valens's chief executive officer, Mr. Robson, has been with the company since 2014, the same year he received his bachelor's degree in biology.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2024 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.


Comments for this item are closed