Stockwatch Street Wires
- Shell Summary for Feb. 24, 2020
Negar Adam's capital pool shell, Jinhua Capital, plans to acquire Santa Marta Life Sciences, an aspiring cannabis grower and cannabis oil extractor in Colombia. Before the QT can close, the shell and its target must raise a combined $4.2-million at 22 cents.
- Cannabis Summary for Feb. 24, 2020
Cronos Group falls after delaying the release of its fiscal 2019 results, which had been scheduled for Feb. 27. Cronos did not give a reason for the delay. Mota Ventures appoints First Class CBD's co-founder, Ryan Hoggan, as CEO. Joel Shacker will continue as president.
- Energy Summary for Feb. 24, 2020
Teck Resources kills its $20-billion Frontier oil sands project, telling Canada to get its policy act together or risk losing future investment. Tourmaline Oil plans to buy Chinook Energy. Painted Pony eyes Tourmaline's drilling plans in the Montney.
- Gold Summary for Feb. 24, 2020
Gold Terra Resource has new assays from Sam Otto South at its Yellowknife City gold project in the N.W.T. Japan Gold as acquired six new prospects in Japan and has agreed to have Barrick Gold help explore them, as well as most of the company's other Japanese projects.
- Diamond & Specialty Minerals Summary for Feb. 24, 2020
Globex Mining Enterprises is dusting off one old diamond prospect as it acquires a second. Gratomic inched ahead with its Namibian graphite project. Standard lithium has raised more cash for its Lanxess lithium project in Arkansas.
- SEC halts Toronto's Eastgate over COVID-19 claims
The SEC has suspended Eastgate Biotech Corp., a subpenny Toronto listing that claimed to have the rights to a drug targeting the COVID-19 virus. The regulator cites concerns over the adequacy of Eastgate's disclosure.
- Shell Summary for Feb. 21, 2020
Allan Hartley's shell graduate, Bay Talent, plans to acquire David Keys's NEX shell, RSI International, which has no operations but does have money. The IPO investors of Mark Orsmond's third capital pool shell, Danacore Industries, are doing well on their investment so far.
- Bristol-Myers asks judge to dismiss Magid lawsuit
Bristol-Myers Squibb Company says that a lawsuit filed by the estate of former Vancouver promoter Sameh Magid came too late, and should be dismissed. The underlying gambling problems should have been known in 2015, nearly four years before the lawsuit.
- Energy Summary for Feb. 21, 2020
Tear down these rail blockades, demands the Prime Minister, as anti-pipeline protests enter their third week. Enerplus slips on a surprise quarterly loss. Kelt Exploration hypes its reserves and Gear Energy its financials, both with limited success.
- Cannabis Summary for Feb. 21, 2020
48North Cannabis falls after reporting a loss of $6.1-million in fiscal Q2. Cansortium opens its 19th dispensary in Florida. James E. Wagner's revenue falls to $264,000 in Q1 2020, down from $1-million in Q4 2019.
- Gold Summary for Feb. 21, 2020
Sun Metals is planning a big drill program this spring at its Stardust project in north-central B.C., chasing more high-grade gold and copper. Mandalay Resources has updated its reserve and resource estimates at Costerfield in Australia and Bjorkdal in Sweden.
- Diamond & Specialty Minerals Summary for Feb. 21, 2020
Diamond Fields Resources -- no, not that one -- has sold stock and borrowed cash for its zircon and diamond projects. Energy Fuels has raised cash to boost vanadium and uranium production. Iconic Minerals plans to drill Bonnie Claire in Nevada for lithium.
- Shell Summary for Feb. 20, 2020
Geoff Balderson's eighth shell, Spectre Capital, expects to close its IPO tomorrow. It is raising $200,000 at 10 cents through Canaccord Genuity. Sean Bromley's NEX shell, Big Sky, plans to acquire Pure Extract, an aspiring cannabis extraction firm in Penticton.
- Cannabis Summary for Feb. 20, 2020
Medipharm Labs signs a three-year supply deal for cannabis concentrates, including oils, with Shoppers Drug Mart. Organigram releases its Edison vape pens and sends its cannabis-infused chocolate edibles to retailers. Sunniva receives a $477,803 (U.S.) loan.
- Energy Summary for Feb. 20, 2020
Ovintiv lays out its plans for 2020 and marks the one-year anniversary of its Newfield takeover. ARC Resources promotes its COO to CEO. Canacol Energy talks up its reserves in Colombia, while Peyto Exploration does the same in Alberta.
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