Stockwatch Street Wires
- Cannabis Summary for Oct. 18, 2019
The Green Organic Dutchman falls again after announcing a plan to cut the initial growing capacity of its Valleyfield facility. Canopy Growth opens its 27th dispensary. Auxly dramatically reduces the conversion price of $100-million worth of debentures.
- Energy Summary for Oct. 18, 2019
Tourmaline Oil's CEO talks up the "exciting" new Topaz Energy. Painted Pony Energy unloads a bit of its undeveloped land in the B.C. Montney for $45-million. Parex Resources buys back shares, and Arrow Exploration loses its second CEO in six months.
- Shell Summary for Oct. 18, 2019
Patrick Langlois's first capital pool shell, Angus Ventures, has submitted a filing statement for its Ontario mining QT and expects to close the deal any day now. The shell has $1.54-million in its coffers and does not need to raise money as a condition for closing the QT.
- Diamond & Specialty Minerals Summary for Oct. 18, 2019
Mountain Province Diamonds had a tough summer quarter at its Gahcho Kue mine. Ucore Rare Metals is ramping up its promotion of the Bokan-Dotson Ridge critical metals project in Alaska. Gratomic will sell its Aukam graphite for Toda notes.
- Gold Summary for Oct. 18, 2019
Walker River Resources fell hard on low-grade assays from its high-grade Lapon project in Nevada. Benchmark Metals has new assays from channel sampling in a new area of its Lawyers project in B.C. Laurion Mineral Exploration has assays from Ishkoday in Ontario.
- Uniserve sues former president Mitha for self-dealing
Uniserve Communications Corp. is suing its former president, Hashim Mitha, over a proposed crypto-mining project in Powell River. The company claims that Mr. Mitha appropriated the project for another company.
- Shell Summary for Oct. 17, 2019
Doron Cohen's second capital pool shell, A-Labs Capital II, plans to launch an operator of Israeli medical clinics. The shell and its target aim to raise between $8-million (U.S.) and $10-million (U.S.), no terms yet.
- Cannabis Summary for Oct. 17, 2019
Agraflora spends $85-million to prepare for the legalization of edibles, extracts and topicals. 48North reaches a licensing deal that will see it bring the Apothecanna topicals brand to Canada. Supreme Cannabis founder John Fowler launches a cannabis-focused podcast.
- Energy Summary for Oct. 17, 2019
Valeura Energy says its Turkish operations are safe from the military offensive in Syria. Madalena Energy sees worsening oil prices in Argentina. Africa Energy gets a lift from a new energy plan approved by the government of South Africa.
- SEC cites Toronto company for non-existent phone
The SEC has charged OTC Markets listing Andiamo Corp. and its former CEO, Michael Starkweather, for a smartphone that the company claimed to have developed. According to the SEC, the phone never existed.
- Diamond & Specialty Minerals Summary for Oct. 17, 2019
Transition Metals has new assays from channel sampling at Maude Lake, a nickel-cobalt-copper prospect in Northern Ontario. Ucore Rare Metals has updated its resource estimate for Bokan-Dotson Ridge in Alaska. Alphamin Resources had a good quarter at Bisie, in the DRC.
- Gold Summary for Oct. 17, 2019
Marathon Gold has a batch of promotable assays from infill drilling of the Marathon deposit at Valentine Lake in Newfoundland. Generation Mining is starting a study of the Marathon PGE project in Ontario. White Gold gave the market a pleasing case of Vertigo with new assays.
- Naturally Splendid sued over Mason's dismissal
Naturally Splendid Enterprises Ltd.'s former CEO, Douglas Mason, has sued the company over his firing. He claims that there was no reason to dismiss him, and that the company owes him a termination fee.
- Shell Summary for Oct. 16, 2019
Arif Shivji's second capital pool shell,
Hoist Capital, arranges a cryptocurrency QT with BTC Corporation Holdings. The target sells bitcoin and Ethereum tokens on-line and at 6,000 locations in Australia.
- Cannabis Summary for Oct. 16, 2019
Valens Groworks earns $5.8-million and records $16.5-million in revenue in its fiscal Q3. Cronos Group announces plans of an IPO for its Cronos Australia JV, which plans to list on the Australian Securities Exchange. Hexo plans to offer marijuana at black market prices.
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