Stockwatch Street Wires
- Shell Summary for Nov. 21, 2019
Sean Mager and John Williamson's first capital pool shell, Cortus Metals, unsurprisingly arranges a mining QT. It is acquiring two properties in Nevada. Bruce Duncan's NEX shell, Canada Coal, plans to acquire an app developer called Mijem Inc.
- Cannabis Summary for Nov. 21, 2019
Canadian cannabis companies rise again as a report suggests Ontario may speed up its store-opening process. Green Thumb has revenue of $68-million (U.S.) in Q3, up from $44-million (U.S.) in Q2. Tilt's revenue rises to $46-million (U.S.) in Q3 from $39-million (U.S.) in Q2.
- Energy Summary for Nov. 21, 2019
Alberta wants to end its mandatory production curtailments earlier than scheduled. Return Energy plans to recapitalize and give itself over to the management group behind the Spartan franchise. Eco (Atlantic) Oil keeps its chin up in Guyana.
- Diamond & Specialty Minerals Summary for Nov. 21, 2019
Central Timmins Exploration is an eager, if initially unintentional, entrant into Ontario's diamond play. Hudson Resources has sold its first batch of White Mountain anorthosite. Defense Metals has new rare earth assays from Wicheeda in B.C.
- Gold Summary for Nov. 21, 2019
Oceanagold did well a few weeks ago on bad news, now it is slumping on the heels of good news. K92 Mining has high-grade assays from step-out holes drilled at Kora North at Kainantu in Papua New Guinea. Red Pine Exploration has new assays from its Wawa project in Ontario.
- Shell Summary for Nov. 20, 2019
Norman Eyolfson's third shell, CT Developers, is still working on its blockchain QT, despite what it calls "tepid market conditions." When it first announced the deal two years ago, it hoped to raise $2.5-million at 25 cents. Now, it is raising $20,000 at 25 cents.
- Energy Summary for Nov. 20, 2019
EnCana faces resistance to its planned U.S. move. PetroShale enjoys another productive quarter, but vows to ease up on its spending in 2020. Birchcliff Energy has approval to buy back shares, and Falcon Oil hypes early-stage Australian drill results.
- 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.
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