Stockwatch Street Wires

C:*MKTSHEL - Shell Summary for March 30, 2020
[2020-03-30 20:19]
Andrew Ryu's shell graduate, Datametrex AI, talks up its COVID-19 fake news filtering deal. Frank Holmes's shell graduate, Hive Blockchain, plans to acquire a bitcoin miner. Michael Frank's shell graduate, Revive Therapeutics, continues to hype its hope of treating COVID-19.  more...

C:*MKTOIL - Energy Summary for March 30, 2020
[2020-03-30 20:00]
A Canadian refinery becomes the first in North America to shut down because of plunging fuel demand. Heavy oil prices in Canada turn negative. PetroShale talks life on the U.S. side of the border, and Toscana Energy gets an interesting takeover offer.  more...

C:*MKTPOT - Cannabis Summary for March 30, 2020
[2020-03-30 19:39]
Hexo falls after reporting a fiscal Q2 loss of $298-million, including $250-million of impairment charges. Medipharm drops after announcing Q4 revenue of $32.4-million, down from $43.4-million in Q3. Citing COVID-19, Medmen withdraws 2020 and 2021 guidance.  more...

C:*MKTGOLD - Gold Summary for March 30, 2020
[2020-03-30 17:14]
TMAC Resources has a prefeasibility study for an expansion of its Hope Bay mine in Nunavut. Shareholders may be looking for less costly alternatives. Argonaut Gold and Alio Gold have agreed to a friendly, at-market merger.  more...

C:*IIROC - IIROC pursues Jenkins over $980,000 in off-book sales
[2020-03-30 16:43]
IIROC has filed a case against Dean Jenkins, a former employee of Edward Jones Inc., for placing clients into off-book investments. According to IIROC, he facilitated the purchase of at least $980,000 in high-risk syndicated mortgages.  more...

C:*MKTDIAM - Diamond & Specialty Minerals Summary for March 30, 2020
[2020-03-30 16:37]
Star Diamond grumps about a lack of meaningful data from Rio Tinto. Carlyle Commodities is struggling to raise cash for more work at Four Corners, a Newfoundland vanadium and iron prospect. Gratomic is expecting a mining licence for Aukam, in Namibia.  more...

C:*MKTSHEL - Shell Summary for March 27, 2020
[2020-03-27 20:15]
Al Kroontje's Big Dougie Capital arranges a mining QT. It plans to raise $750,000 to $1.5-million. Peter Karos resigns as the CEO of Bluewater Acquisition; Mike Sapountzoglou takes over. David Smalley and Larry Doan's Ponderous Panda Capital drops its clean energy QT.  more...

C:*MKTPOT - Cannabis Summary for March 27, 2020
[2020-03-27 19:05]
Green Thumb loses $12.9-million (U.S.) on revenue of $75.8-million (U.S.) in Q4, an improvement on a $17.1-million (U.S.) loss on revenue of $68-million (U.S.) in Q3. TerrAscend and Trulieve each announce they are hiring in response to a COVID-19-caused increase in demand.  more...

C:*MKTOIL - Energy Summary for March 27, 2020
[2020-03-27 18:41]
Russia mulls resuming OPEC+ talks. Africa Oil releases its first ever reserve report, while Africa Energy hopes to go ahead with this year's drilling despite COVID-19. Gran Tierra enjoys insider buying and Delphi Energy stays busy in the Alberta Montney.  more...

C:*MKTGOLD - Gold Summary for March 27, 2020
[2020-03-27 18:13]
McEwen Mining is in danger of losing its NYSE listing. Golden Star Resources has expanded its gold resources in Ghana. Otso Gold has sold debentures to support the resurrection of the old Otso gold mine in Finland, but it will need more cash to do so.  more...

C:*MKTDIAM - Diamond & Specialty Minerals Summary for March 27, 2020
[2020-03-27 17:15]
Pangolin Diamonds may or may not be bulk sampling at AK10 in Botswana. Vanadiumcorp Resource is cheering new assays from its Lac Dore vanadium project in Quebec. Zen Graphene Solutions is pushing ahead with work at its Guelph graphene lab.  more...

C:*MKTSHEL - Shell Summary for March 26, 2020
[2020-03-26 20:19]
Urs Meisterhans's Summus Solutions fails to complete its change of business and becomes an NEX shell. Joseph Byrne's CSE shell, Velocity Data, will hold a shareholders meeting on March 31 to seek approval for the sale of its former operating subsidiary.  more...

U:*SEC - SEC seeks $33-million (U.S.) penalty for Abellan
[2020-03-26 19:38]
The SEC has asked a New York judge to impose a $33-million (U.S.) fine against Francisco Abellan, the man accused of running the massive Biozoom Inc. pump-and-dump. Others facing Biozoom charges are former Vancouver lawyer Faiyaz Dean.  more...

C:*MKTOIL - Energy Summary for March 26, 2020
[2020-03-26 19:34]
Oil falls even as the U.S. forges ahead with a massive stimulus package. Husky Energy suspends the rebuilding of its Superior refinery. Baytex Energy gets a scolding from the NYSE, while Headwater Exploration is on the hunt for bargain acquisitions.  more...

C:*MKTPOT - Cannabis Summary for March 26, 2020
[2020-03-26 19:23]
Green Organic reduces its work force, makes pay cuts and postpones operations in Quebec. Harvest Health cancels its $850-million (U.S.) acquisition of Verano as a result of market conditions and regulatory hurdles. Medipharm launches its first branded products.  more...

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