Stockwatch Street Wires
- Shell Summary for Feb. 18, 2020
Michael Frank's shell, Cluny Capital, firms up its QT with Xebra Brands, an aspiring maker of cannabis drinks. Dr. Len Brownlie's first shell,
Discovery One, has a financing update from its QT target, Current Energy and Renewables, formerly called Current Power & Gas.
- Cannabis Summary for Feb. 18, 2020
Westleaf rises after it announces plans to cut costs (partly by cutting 11 jobs) and rebrand the company as "Decibel Cannabis Company Inc." Bevcanna firms up JV with Mota to sell CBD drinks in Europe. Valens expects to ship cannabis products to Australia in Q2.
- Energy Summary for Feb. 18, 2020
Anti-pipeline protesters continue their crippling rail blockades across Canada. Petrotal hypes its rising reserves. Canacol Energy has a new institutional investor, and Pan Orient tries to move past its Indonesian heartbreak and focus on Thailand.
- Gold Summary for Feb. 18, 2020
Premier Gold Mines and Centerra Gold are sparring in a lawyerly way. Gold Standard Ventures has boosted the bottom line of its South Railroad project in Nevada. Outcrop Gold has drilled a new vein area at Santa Ana in Colombia.
- Diamond & Specialty Minerals Summary for Feb. 18, 2020
North Arrow Minerals ponders its Naujaat exploration options for the next few years. Pacific Rim Cobalt is eying up its Cyclops approvals in Indonesia. ALX Resources is set to drill the Falcon nickel, copper and cobalt project in Northern Saskatchewan.
- Tidewater finds itself in Co-op labour dispute
Tidewater Midstream and Infrastructure Ltd. has gone to court seeking the removal of a picket line that appeared in front of its Prince George refinery. The company says it is an innocent bystander in a Saskatchewan labour dispute.
- Energy Summary for Feb. 14, 2020
Pipeline protests continue to derail the movement of goods and passengers across Canada. Bonavista Energy sets its 2020 budget, as investors eye its debt. Corridor Resources (soon Headwater Exploration) and Touchstone Exploration bask in analyst approval.
- Cannabis Summary for Feb. 14, 2020
Canopy Growth rises as it beats revenue estimates with $123-million of fiscal Q3 net revenue, up from $76.6-million in Q2, while reducing expenses. Supreme Cannabis's fiscal Q2 net revenue comes in at $9-million, down from $11.4-million in Q1.
- Gold Summary for Feb. 14, 2020
Agnico Eagle Mines tumbled on bad news embedded within its coverage of a good year of mining. King Global Ventures has acquired York, an early-stage prospect near Eleonore in Quebec. Alacer Gold has encouraging assays form its Copler project in Turkey.
- Shell Summary for Feb. 14, 2020
John MacPhail's first capital pool shell, Woodbridge Ventures, will hold a shareholders meeting on March 23. It is acquiring Jack Nathan Medical, an operator of 82 clinics in Canada and Mexico. John Travaglini's shell graduate, Blue Thunder Mining, begins trading.
- Diamond & Specialty Minerals Summary for Feb. 14, 2020
Dunnedin Ventures is keeping Kahuna, but it is looking elsewhere for now. One World Lithium expects permission to drill a new hole at Salar del Diablo in Mexico. American Lithium is drilling at its TLC lithium project in Nevada.
- Shell Summary for Feb. 13, 2020
David Antony's first shell, Rider Investment, will soon replace its U.S. cryotherapy QT. Scott McGregor's first shell, Gegs Capital, was a failure for its IPO investors.
Andreas Thatcher's shell graduate, Geyser Brands, plans to expand its hemp product sales to California.
- Energy Summary for Feb. 13, 2020
Coastal GasLink protesters launch a constitutional challenge against Canadian energy projects. Birchcliff Energy sticks to its unpopular 2020 guidance. Bonterra Energy fails to meet its 2019 production goals, and Pine Cliff maps out a cautious 2020.
- Cannabis Summary for Feb. 13, 2020
Aurora's slipping revenues, rising expenses and $1-billion in writedowns contribute to a $1.3-billion net loss in fiscal Q2. WeedMD's Starseed receives cannabis research licence (for vapes) from Health Canada. Tetra signs a deal for the manufacturing of Caumz and HCC011.
- Gold Summary for Feb. 13, 2020
Oceanagold slipped on a resource update at the Martha deposit in New Zealand. New Gold slumped on a new mine plan for the beleaguered Rainy River mine in Northwestern Ontario. Great Bear Resources slipped on so-so assays from its high-grade Dixie project, near Red Lake.
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