Stockwatch Street Wires
- Cannabis Summary for July 23, 2019
The FDA issues a warning letter to Curaleaf Holdings for "unsubstantiated" health claims on some of its CBD products. U.S. Senator Kamala Harris introduces bill that would decriminalize marijuana. MYM's BioHemp joint venture makes $25-million hemp sale.
- Shell Summary for July 23, 2019
Vancouver accountants Kevin Ma and Alex Tong plan to list their first capital pool shell, E36 Capital, with a $350,000 IPO at 10 cents. The IPO agent is Haywood Securities.
- Diamond & Specialty Minerals Summary for July 23, 2019
Tango Mining has recovered more diamonds from Oena, in South Africa. Frontier Lithium has begun new drilling at Spark a pegmatite near its PAK lithium project in Ontario. Sienna Resources has begun new drilling at Slattberg, in Sweden.
- Gold Summary for July 23, 2019
Amex Exploration fell on assays from its Gratien and EGZ targets at Perron, in Quebec.
- Energy Summary for July 23, 2019
Frontera Energy's chairman, Gabriel de Alba, wades into the battle for Hudson's Bay. International Frontier has a disappointing drill result in Mexico and loses a big-name director. Vancouver's Robert Disbrow takes an interest in Leucrotta Exploration.
- Experion ex MacNeil sues over defamatory e-mail
Experion Holdings Ltd.'s former director, Sean MacNeil, is suing the company's former CFO for defamation. He claims that the CFO falsely associated him with organized crime in an e-mail.
- Shell Summary for July 22, 2019
Richard Buzbuzian's second capital pool shell, Buzbuz Capital, plans to acquire Illuma-Drive for the shell's QT. The target must raise $5-million at 25 cents.
- Cannabis Summary for July 22, 2019
California has now seized $30-million of black market marijuana from unlicensed dispensaries since the start of 2018. Flowr announces new plans for a financing priced below market. GTEC reaches a deal to acquire a cultivation facility from Canopy Growth for $13-million.
- Energy Summary for July 22, 2019
Trans Mountain gets the go-ahead to resume some construction activities. Cenovus Energy rises as analysts eagerly await its second quarter financials. Yangarra Resources enjoys insider buying, and Madalena Energy keeps an eye on a neighbour in Argentina.
- Diamond & Specialty Minerals Summary for July 22, 2019
Lucara Diamond has picked a name for its big blackish diamond. Pallinghurst Group will invest up to $600-million into Nemaska Lithium. Shareholders have approved eCobalt Solutions merger with Jervois Mining. Enertopia has borrowed cash from its CEO to tide it over.
- Gold Summary for July 22, 2019
Roscan Gold is growing its Mankouke discovery at Kandiole, in Mali. Core Gold is back on the block after its proposed merger with Titan Minerals hit a roadblock. K92 Mining scored a bonanza-grade hit in the Kora North Extension zone at its Kainantu mine in Papua New Guinea.
- Cannabis Summary for July 19, 2019
Namaste loses $8.63-million on revenue of $4-million in its fiscal second quarter. Flowr's shareholders exhale as the company cancels its dilutive $125-million financing plans. The FDA says it will speed up its effort to create regulatory framework for CBD.
- Energy Summary for July 19, 2019
The International Energy Agency reduces its forecast for this year's increase in global oil demand, again. GMT Capital picks up shares of Tamarack Valley and Pipestone Energy. Insider buying by Bonterra Energy's CEO surpasses $1-million so far this year.
- Diamond & Specialty Minerals Summary for July 19, 2019
North Arrow Minerals has begun work at Loki, which it hopes will lead to a drill program. Regency Gold is backing out of its acquisition of Vanadium North, but it is apparently plodding along with its reverse takeover of a Cellcube Energy Storage Systems subsidiary.
- Gold Summary for July 19, 2019
Yamana Gold has a prefeasibility study of its Agua Rica project in Argentina. Aftermath Silver has increased its previously lowered private placement. Barrick Gold has improved its offer to acquire the rest of Acacia Mining -- enough that its target now appears content.
Click here for more Street Wires.