Stockwatch Street Wires
- 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.
- Gold Summary for Oct. 16, 2019
GT Gold has new assays from Saddle North, but they left the market unimpressed. First Mining Gold has updated its dream sheet for the Springpole project in Northwestern Ontario. Westhaven Ventures's stock took a hit to the nose following new assays from Shovelnose in B.C.
- Energy Summary for Oct. 16, 2019
ARC Resources, Tourmaline Oil and Seven Generations Energy bask in analyst approval. Frontera Energy renews its share buyback program as investors keep an eye on Colombia's looming block auction. Bruce Chernoff's PetroShale needs a new CEO.
- Diamond & Specialty Minerals Summary for Oct. 16, 2019
Tri Origin Exploration expects De Beers will drill for diamonds on a second of its cobalt projects in Ontario. Vanadiumcorp Resource has wrapped up drilling at Lac Dore. A new resource estimate should follow. Nemaska Lithium is preparing for a lengthy delay at Whabouchi.
- SEC defendant Lawler answers pump-and-dump charges
SEC defendant Scott Lawler denies accusations that he facilitated pump-and-dumps by one of his legal clients. He has asked a judge to dismiss civil charges that he faces for the scheme.
- Cannabis Summary for Oct. 15, 2019
Aphria reports its second straight profitable quarter and repeats its fiscal 2020 guidance of between $88-million to $95-million in adjusted EBITDA. Canntrust vows to destroy $77-million of inventory in an effort to win back the trust of Health Canada.
- Shell Summary for Oct. 15, 2019
Peter McKeown's first capital pool shell, MG Capital, has firmed up its B.C. mining QT with DLP Resources. The target must raise $1.1-million at 10 cents (NFT) or 13 cents (FT). DLP has disclosed the names of all nine of its shareholders.
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