Stockwatch Street Wires
- Cannabis Summary for Nov. 20, 2019
Curaleaf rises after reporting revenue of $73.1-million (U.S.) in Q3, up from $55.1-million (U.S.) in Q2. Harvest Health reports a $39-million (U.S.) loss but its revenue rose to $33.2-million (U.S.) in Q3, up from $26.6-million (U.S.) in Q2.
- SEC halts Toronto's Easton over edibles deal
The SEC has halted Easton Pharmaceuticals Corp., a Toronto company that claims to have a cannabis edibles deal with potential sales of $20-million per year. The deal is one of many Easton has touted in recent years.
- Gold Summary for Nov. 20, 2019
Orestone Mining slumped on new assays from two targets, one so-so, the other poor, at its Captain project in north-central B.C. G2 Goldfields has new assays from its Oku/Arema project in Guyana. The maiden drilling encountered some higher-grade areas.
- Diamond & Specialty Minerals Summary for Nov. 20, 2019
Arctic Star Exploration is raising cash for Timantti, to pay bills and perhaps to land a new project. Great Atlantic Resources has begun drilling at Glenelg, a vanadium prospect in N.B. Vanadiumcorp Resource has raised over $1-million for Lac Dore in Quebec.
- Carlyle's Masselli could face his mother in fraud case
Carlyle Entertainment Ltd.'s chairman, Sandy Masselli, appears to have targeted his own mother in a credit card fraud. She has asked that the judge not force her to testify against her son, citing health problems.
- Shell Summary for Nov. 19, 2019
Peter Chen's first capital pool shell, Inceptus Capital, plans to acquire a dog food maker called Alpha K-9 Technologies. This QT target is raising $2.75-million at 25 cents.
- Cannabis Summary for Nov. 19, 2019
Trulieve Cannabis rises as it records revenue of $70.7-million (U.S.) in Q3, up from $57.9-million (U.S.) in Q2. Harvest Health opens its fifth dispensary in Pennsylvania. Aurora says $214-million of its $230-million debentures will be converted to shares.
- Energy Summary for Nov. 19, 2019
The CN Rail strike puts the oil patch on edge. Pengrowth Energy makes its pitch to shareholders as it pursues its Cona Resources deal. Gran Tierra eyes nearby takeover activity in Colombia, and Petrotal plunges on a basic math error.
- Gold Summary for Nov. 19, 2019
Continental Gold is closing in on completion of its Buritica mine in Colombia. First Mining Gold has new assays from Miller that suggest it could bolster the Goldlund project near Kenora. Rupert Resources has new high-grade assays from Pahtavaara in Finland.
- Diamond & Specialty Minerals Summary for Nov. 19, 2019
RJK Explorations has a new diamond property in Ontario and a new adviser bullish on its gem hunt. Vanadium One Iron continues to seek cash for its Mont Sorcier vanadium project in Quebec. Lithium Chile is poised to start drilling its Turi prospect.
- Uniserve ex Mitha denies self-dealing accusations
Uniserve Communications Corp.'s former president, Hashim Mitha, denies that he engaged in self-dealing with a crypto-mining project. Uniserve claims that he appropriated the project for a different company.
- Shell Summary for Nov. 18, 2019
Vincent Gasparro and Michael Galego's second capital pool shell, Apolo II Acquisition, has closed its QT, launching a hemp grower, Terrace Global. Terrace's stock opened at 30 cents but closed at 15 cents. Before going public, Terrace had raised $17-million at 50 cents.
- Energy Summary for Nov. 18, 2019
A new report ranks Alberta one of North America's worst destinations for energy investment. Paramount Resources closes a $37-million financing, mostly with its CEO. Touchstone Exploration tests a well in Trinidad, and Jadestone Energy enters New Zealand.
- Cannabis Summary for Nov. 18, 2019
Medmen falls steeply following the release of its cost-cutting plan on Friday after the market closed. Sunniva plummets after president Kevin Wilkerson and director Michael Barker resign. Innocan hires Biogenesis to produce CBD cosmetics and topicals.
- Diamond & Specialty Minerals Summary for Nov. 18, 2019
Diamcor Mining had a decent quarter with its diamond exercises at Krone-Endora in South Africa. Nemaska Lithium continues its hunt for cash to complete its Whabouchi lithium mine in Quebec. Search Minerals has borrowed more cash for its Fox rare earth projects in Labrador.
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