Stockwatch Street Wires

C:*MKTSHEL - Shell Summary for Feb. 27, 2020
[2020-02-27 20:19]
Brendon McCutcheon plans to list his first shell, Can-Gow Capital, with a $310,000 IPO at 10 cents. The IPO agent is Leede Jones Gable. Mr. McCutcheon's fellow shell directors include shell-makers Doug Walker and Dennis Bourgeault.  more...

C:*MKTPOT - Cannabis Summary for Feb. 27, 2020
[2020-02-27 19:46]
Medmen falls after reporting a $96.4-million (U.S.) loss in fiscal Q2, down from $82-million (U.S.) in Q1. AYR Strategies loses $17.4-million (U.S.) on net revenue of $32.2-million (U.S.) in Q4 2019. The market reacts unfavourably to a merger between Mota and Stillcanna.  more...

C:*MKTOIL - Energy Summary for Feb. 27, 2020
[2020-02-27 18:55]
Husky Energy licks its wounds after posting a fourth quarter loss of $2.3-billion. Gran Tierra faces renewed operational setbacks in Colombia. Whitecap Resources eyes low-priced assets for sale, and Cardinal Energy talks up its reserves in Alberta.  more...

C:*MKTGOLD - Gold Summary for Feb. 27, 2020
[2020-02-27 17:43]
Roscan Gold has promising new assays from Mankouke South, at Kandiole in Mali. MacDonald Mines Exploration has its best result yet from drilling at Scadding in Ontario. Radisson Mining Resources is tripling its drill program at O'Brien, thanks to recent assay encouragement.  more...

C:*MKTDIAM - Diamond & Specialty Minerals Summary for Feb. 27, 2020
[2020-02-27 16:47]
RJK Explorations has drilled more holes at Kon in the Lake Timiskaming area. Noram Ventures plans a fifth round of drilling at Zeus, a lithium project in Nevada. Sherritt International hit its guidance but lost big in Cuba.  more...

U:*SEC - SEC defendant Dean draws another Biozoom sanction
[2020-02-27 16:36]
The SEC has suspended Vancouver lawyer Faiyaz Dean from practising before the commission. The sanction stems from his part in the $34-million (U.S.) Biozoom Inc. pump-and-dump.  more...

C:*MKTGOLD - Gold Summary for Feb. 26, 2020
[2020-02-26 20:42]
Monarch Gold has new high-grade assays from McKenzie Break in the Val d'Or district of Quebec. Osprey Gold Development has lower-grade hits at Mitchell Lake, on its Goldenville project in N.S. Skeena Resources has new assays of high-grade gold at Eskay, in B.C.  more...

C:*MKTDIAM - Diamond & Specialty Minerals Summary for Feb. 26, 2020
[2020-02-26 20:32]
Lithoquest Diamonds is raising cash, but it is charting a careful course at its North Kimberley diamond project in Australia this year. Canada Carbon's Miller project is again inching ahead, thanks to a settlement with its detractors.  more...

C:*MKTSHEL - Shell Summary for Feb. 26, 2020
[2020-02-26 20:18]
Craig Rollins's first shell, Drummond Ventures, submits a filing statement for its QT with Sun Machine, a Vancouver video game developer. Sun Machine has raised $500,000 in a convertible debenture financing and expects to raise $3-million in an equity financing at 35 cents.  more...

U:BKMP - Blackout Media defendant Kershner facing 11-year term
[2020-02-26 20:05]
Blackout Media Corp. defendant Gary Kershner is facing up to 11 years in jail for his part in a pump-and-dump scheme run by Toronto's Sandy Winick. Prosecutors say he had a central role, maintaining public companies that Mr. Winick and others used.  more...

C:*MKTPOT - Cannabis Summary for Feb. 26, 2020
[2020-02-26 19:59]
Acreage loses $65.5-million (U.S.) on revenue of $21.1-million (U.S.) in Q4, down from a loss of $51.1-million (U.S.) on revenue of $22.4-million (U.S.) in Q3. 1933 Industries appoints Jeannette VanderMarel as an adviser. City View Green agrees to acquire Infused Works.  more...

C:*MKTOIL - Energy Summary for Feb. 26, 2020
[2020-02-26 19:28]
Canada's reluctance to deal with illegal pipeline protests puts it at a competitive disadvantage, according to analysts. Africa Oil outlines its plans for 2020. Eco Oil may delay its 2020 drill program, and Pipestone Energy talks up its Montney reserves.  more...

C:*MKTSHEL - Shell Summary for Feb. 25, 2020
[2020-02-25 20:39]
Bob Hans and Robert Quinn's first shell, Hanstone Capital, arranges a B.C. mining QT. It is raising $1.5-million at 25 cents (flow through) and 20 cents (non-FT). David Antony's first shell, Rider Investment, arranges an Ontario mining QT. It is raising $700,000 at 10 cents.  more...

U:*SEC - SEC defendant Starkweather pleads guilty
[2020-02-25 20:08]
SEC defendant Michael Starkweather has pleaded guilty to a securities fraud charge in New York. Prosecutors claimed that he improperly touted an OTC Markets company as having a Toronto-developed smart phone.  more...

C:*MKTPOT - Cannabis Summary for Feb. 25, 2020
[2020-02-25 19:44]
Valens Groworks earns $4.4-million on revenue of $30.6-million in fiscal Q4, up from earnings of $5.8-million on revenue of $16.5-million in Q3. Green Growth falls sharply after losing $35.9-million (U.S.) in Q2 and announcing a stalking horse deal to sell its CBD business.  more...

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