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This Week on the CSE – Week Of January 29 – February 2, 2018

 

 

 

 

 

As the week begins we are reminded that Black History Month begins on February 1 thanks to the Honourable Jean Augustine, the first black woman elected to the House of Commons, Canadian parliamentarians unanimously passed a motion in December 1995 designating February as Black History Month in Canada

 

 

Monday January 29

 

As the week begins, HealthSpace Data Systems Ltd. (CSE:HS) (Frankfurt:38H) announces that the Company signed a five-year contract with the State of Tennessee State Department of Health to deploy its new cloud and mobile inspection management system called HealthSpace CS Pro. This is a result of a successful one-year pilot where the department was able to test the mobile inspection app.

 

 

Medical Marijuana company Namaste (CSE:N), (FRANKFURT: M5BQ), (OTCMKTS: NXTTF) announces record-breaking quarterly sales of $4.9M Representing a 133% Year-on-year increase. Sean Dollinger, President and CEO of Namaste comments: “During the first quarter ended November 30, 2017, Namaste embarked on implementing many strategic business initiatives focused on expansion in international markets other than the United States. In addition, posting record-breaking revenues, management remains focused on seeking and securing strong partnerships to further accelerate growth going forward. We expect to see significant upside to Namaste’s revenue and profitability as a direct result of the many acquisitions and partnerships that were initiated both during and following this quarter.

 

 

Tuesday January 30

 

 

In the Marijuana merger mania, Hiku Brands Company Ltd. (CSE:HIKU) announces the successful completion of the merger between DOJA Cannabis Company Limited and TS Brandco Holdings Inc. (“Tokyo Smoke”) creating Hiku, Canada’s first premium cannabis brand house with vertically integrated operations.

 

“Today, I am proud to stand with a team of incredibly talented and thoughtful business partners as we launch Hiku and create the first great cannabis brand house.” said Alan Gertner, Chief Executive Officer of Hiku. “A brand house, because cannabis is a consumer product, one that we believe can change the world. At Hiku, we look forward to playing a major role in driving this incredible industry forward.” 

 

 

 

Ortho Regenerative Technologies Inc. (CSE: ORTH.CN) an emerging Orthopaedic and Sports Medicine Technology company, today announced that a peer-reviewed article entitled “[Ortho-R] Implants to Promote Tissue Regeneration: In Vitro Properties, In Vivo Residence, Degradation, Cell Recruitment and Vascularization” has been published in the current issue of Journal of Tissue Engineering and Regenerative Medicine. This journal is at the top 10% of all scientific journals for its impact and importance. 

 

“This is our fourth peer-reviewed article in just the last few months. As such, we are very encouraged by the scientific validation of these publications and by the testing so far of Ortho-R implants in pre-clinical cartilage, meniscus and rotator cuff repair models. It is our expectation that repair outcomes will be significantly improved as compared to current clinical treatments,” said the Corporation’s Executive Chairman and CEO, Dr. Brent Norton.

 

 

 

Wednesday January 31

 

 

NuRAN Wireless Inc. (CSE: NUR) (OTC: NRRWF) announces that it now officially offers a complete cellular site solution for operators looking for a turnkey mobile infrastructure to be deployed in rural and remote locations worldwide.

 

 

The complete site solution consists of all elements that are required to setup and operate a NuRAN-based rural telecom site including cellular backhaul, antenna systems, tower/mast, and solar power. This solution has been carefully designed by NuRAN to optimize the operator’s return on investment as well as to alleviate the complexity of systemlevel integration and multi-vendor sourcing. NuRAN has already identified and sourced qualified vendors for all aspects of the turnkey solution. The Company has also completed thorough system-level testing and quality control testing to ensure long term optimal performance while sourcing the components with the most competitive price point.

 

 

Platinex Inc. (CSE: PTX) announces that it has closed its previously disclosed acquisition of a 51% interest in Intergalactic Foods, LLC and its previously announced investment into a marijuana infused edibles brand company, Dave’s Space Cakes, LLC.  IGF is a Marijuana Infused Products company that is currently in the final stages of obtaining a Processor License with the Oregon Liquor Control Commission to manufacture MIPs. The Acquisition remains subject to OLCC approval and licensing which is expected to occur in Q1 2018.

 

 

 

Thursday February 1

 

 

MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) is pleased to announce as a result of the recently closed acquisition of now wholly-owned subsidiary ZincNyx Energy Solutions, Inc. the Company now controls 20 metal air battery and fuel cell patents.  ZincNyx has developed a patented regenerative zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium, or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of applications.

 

 

 

NetCents Technology Inc. (CSE: NC) (Frankfurt: 26N) is pleased to announce that the NC Exchange now supports Litecoin.  NetCents Technology has added Litecoin functionality to its platform allowing users of the NC Exchange to transact with Litecoin. Users are now able to deposit, withdraw and trade Litecoin for supported fiat and cryptocurrencies with other NC Exchange users. Additionally, users can use Litecoin to make payments to merchants who use the NetCents Technology payment gateway.

 

“With its inherently faster processing rate the Litecoin network can validate transactions quicker than Bitcoin,” said Clayton Moore, CEO of NetCents Technology. “As NetCents continues to improve functionality and simplify the process of transacting with cryptocurrencies, we move closer to achieving our goal of making cryptocurrency a true transactional medium.”

 

 

Friday February 2

 

 

CannTrust Holdings Inc. (CSE: TRST), one of  Canada’s leading licensed producers of medical cannabis, announces the launch of a new same-day delivery service for customers in the Greater Toronto Area.  CannTrust patients in the Greater Toronto Area – from Burlington in the West to Brampton and Aurora in the North and Oshawa in the East – now have the option, for a nominal fee, of choosing guaranteed same-day delivery for orders placed before 4 p.m. 

 

 

LeanLife Health Inc. (CSE: LLP), a nutriceutical company manufacturing Omega 3 from Flax seed, is pleased to announce that production equipment ordered in December (see December 20, 2017 news release) is being commissioned for delivery to the Company. The main production equipment, used to produce the Company’s omega products, consists of a BioCube processing plant, which with associated gear and apparatus, is estimated to cost $800,000. Currently the Company has incurred costs for a total of $630,000.

 

Pursuant to the delivery of the BioCube, the Company has leased approximately 4,000 square feet of industrial space in South Vancouver. Possession of this space is immediate pending insurance coverage. The Company will spend an estimated $350,000 on improvements, security systems, and initial supplies.    The Company has acquired certain laboratory and testing equipment necessary for essential testing of raw materials, and finished product. Additional equipment is being ordered and will be set up in a laboratory in the new space.  The expected capacity of the production equipment is estimated to produce at least 2.5 million litres of product on an annual basis.

 

 

For the week the CSE Index down on the week from 1546.39 to 1210.65, with the majority of the losses taking place over the Wednesday – Friday period as stocks worldwide got hammered.

 

 

The CSE welcomes New listing Companies:

 

 

Sitka Gold Corp (CSE:SIG)

SBD Capital Corp (CSE:SBD)

 

 

As the week ends on Groundhog Day the consensus of the rodents is 6 more weeks of Winter. However one of the Groundhogs made a break for it (presumably for a hot sunny location to ride things out) and was thwarted in his escape attempt. I wonder what the meteorological outcome would have been if he’d escaped?

Posted February 7, 2018

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