As the Olympics open in South Korea at the end of this week, we are reminded that February 6, 1948, Ottawa’s Barbara Ann Scott wins Canada’s first-ever gold medal in figure skating at the Winter Olympic Games in St. Moritz, Switzerland. In 2018, we are projected to win a nation high of 30 medals. GO TEAM CANADA!
Monday February 5
As the week begins Canada’s First Nations look to get into the legal Marijuana market, as RavenQuest BioMed Inc. (CSE: RQB) is proud to announce that it will be working with First Nation communities from across the Province of Saskatchewan, providing valuable information and strategic business approaches surrounding the Cannabis, Medical Marijuana and Hemp industries. RavenQuest has developed an indigenous-centered, end-to-end offering for cannabis production and sale on sovereign land.
Isodiol International Inc. (CSE: ISOL) (OTC: ISOLF) (FSE: LB6A.F) receives regulatory approval from the Brazilian Health Regulatory Agency (ANVISA) approval for ISODIOLEX for the treatment of Epilepsy and Parkinson’s.
“We have been working towards additional products for the Brazilian medical community and for the last several months, so to have our second product medically approved by ANVISA is a tremendous breakthrough for the company,” said CEO of Isodiol, Marcos Agramont. “We have been working with neurologists and medical practitioners to offer an alternative delivery method of cannabidiol and Isodiolex is the perfect solution for this. Overall, we will continue to be proactive in increasing our global footprint, especially where cannabinol is medically approved, affording us the opportunity to truly show how cannabinol is beneficial for the human body”
Tuesday February 6
Cannabis company, TerrAscend Corp. (CSE: TER) got a shot in the treasury when they announced the closing of a $52.5 Million private placement. The Company intends to use the proceeds from the investment for expansion of its existing facility, pursuit of strategic assets, and for working capital and general corporate purposes.
More money flew into the cannabis space as Choom™ (CSE: CHOO) (OTCQB: CHOOF) announced it had closed a $2.7 Million private placement. Its intentions are to use the net proceeds to advance the Company’s development strategy.
Wednesday February 7
The weed market continues to have good news, as CannaRoyalty Corp. (CSE: CRZ) (OTCQX: CNNRF) an active investor and operator in the legal cannabis industry, announced the launch of the Bhang® Vaporizer product portfolio into the entire Southern California region through CannaRoyalty investee River Collective California’s largest cannabis distributor. This expansion provides hundreds of additional dispensaries in Southern California with access to Bhang Vape’s line of oils, disposable vape pens, and cartridge vape kits, through the River Distribution network.
Thursday February 8
Cannabis company, Future Farm Technologies Inc. (CSE: FFT) (OTCQB: FFRMF) is pleased to announces expansion into Puerto Rico via the acquisition 5 dispensary licences from Clinica Verde. “Our existing stores are located in high-traffic locations, and ever since our launch in February 2017 we have enjoyed sustained sales growth.” says Ramón Ortiz, CEO of Clinica Verde.
Investment company, Rockshield Capital Corp. (CSE:RKS) closes a $1.1 Million private placement in order to fund ongoing investments and general corporate purposes.
Friday February 9
In the era of #metoo, gaming company, ePlay Digital Inc. (CSE:EPY) announced that they have licensed their Augmented Reality (AR) Game Engine for use in a new app, currently under development, called Permission. Permission offers a safe, secure and fun way to begin a conversation about sexual consent. Permission, embraces #metoo and aims to change the world, by offering a simple and user-friendly platform anybody can trust.
The week closes with one more shot to the treasury of a marijuana company. THC BioMed Intl Ltd. (CSE: THC) closes a $1.1 Million private placement to fund its international growth.
For the week the CSE Index went counter to the major markets and was up on the week from 1210.65 to 1267.10.
As the week closes, the BC government moves the province’s “Family Day” holiday to the third weekend in February to align itself with the holiday in the rest of the country. Who says BC need to be out of step with everyone forever.
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