Stockwatch Street Wires
- 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.
- SEC defendant Dean criminally charged in U.S.
SEC defendant Faiyaz Dean is now facing criminal charges in Arizona for the Biozoom Inc. pump-and-dump. Prosecutors claim that he was part of a group that unloaded $34-million (U.S.) worth of shares in 2013.
- SEC defendant SeeThruEquity accepts fine, potential ban
The SEC has settled civil charges that it filed against New York's SeeThruEquity LLC. Without admitting any wrongdoing, the firm and its founders have agreed to pay fines that the judge will determine.
- Cannabis Summary for July 18, 2019
Aurora Cannabis was the only company selected by the Italian government to supply medical cannabis to Italy. Origin House reports preliminary revenue of $21-million for the second quarter of 2019. Stem Holdings starts construction on its San Diego facility.
- Energy Summary for July 18, 2019
Vermilion Energy is becoming "vulnerable" to its first-ever dividend cut, says an analyst. Alberta's gas producers demand government action on weak prices. Seymour Schulich buys more Pengrowth Energy, and Prairie Provident salutes its Princess.
- Diamond & Specialty Minerals Summary for July 18, 2019
Mountain Province Diamonds had a so-so second quarter at Gahcho Kue. Appia Energy has high-grade rare earth assays from Alces Lake in Saskatchewan. Berkwood Resources has a maiden graphite resource estimate for Lac Gueret South in Quebec.
- Gold Summary for July 18, 2019
Honey Badger Exploration has hit a high-grade silver vein at Beaver, on its Thunder Bay project in Ontario. Mawson Resources has new assays from Rajapalot in Finland. Sabina Gold and Silver has new high-grade assays from Back River in Nunavut.
- Shell Summary for July 17, 2019
Yvan Routhier's first capital pool shell, Capricorn Business Acquisitions, plans to acquire Tikun Pharma, a U.S. start-up that hopes to sell CBD skin care products. The target plans to raise $6.5-million.
- Cannabis Summary for July 17, 2019
Curaleaf Holdings surges after it acquires Grassroots for $875-million. The acquisition will increase Curaleaf's presence to 19 states. Supreme Cannabis acquires Truverra for the issuance of 14.7 million shares. Ignite International launches products in the United Kingdom.
- Energy Summary for July 17, 2019
Journey Energy cheers its "excellent" production results in the Alberta Duvernay. Baytex Energy's CEO tells investors to buck up; things are better than they seem. The cash-strapped Point Loma Resources seeks buyers for its Wizard Lake interest.
- Diamond & Specialty Minerals Summary for July 17, 2019
Arctic Star Exploration has two new kimberlites at its Timantti project in Finland. Details are sparse. Hurrah! MGX Minerals found no ancient artifacts at Driftwood. Delrey Metals is set to drill Four Corners, its iron, vanadium and titanium prospect in Newfoundland.
- Gold Summary for July 17, 2019
GT Gold is cheering another batch of assays from Saddle North, at Tatogga in northwestern B.C. Barkerville Gold Mines has high-grade assays from Barkerville Mountain at its Cariboo project in B.C. GoldON Resources has encouraging grab samples from Slate Falls in Ontario.
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