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This Week on the CSE – January 7th through 11th

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This Week on the CSE – January 7th through 11th

 

 

 

 

 

by Christian Granholm

 

 

The U.S. is highly dependent on fresh water flowing south from Canada.

 

 

On this day in Canadian history (Jan. 11th, 1909) the United States and Canada signed the Boundary Waters Treaty – to provide a framework for resolving disputes over any waters bordering the two countries.

 

 

This 110 year old treaty might be dusted off  in the next two to three decades, as we move further from an oil-based economy and closer to a point where fresh water becomes the key global commodity.

 

 

New Listings

 

The CSE welcomes the following new listing this week:

 

Etruscus Resources Corp. (CSE:ETR)

Cannara Boiotech Inc. (CSE:LOVE)

EarthRenew Inc. (CSE:ERTH)

3 Sixty Risk Solutions Ltd. (CSE:SAFE)

Transcanna Holding Inc. (CSE:TCAN)

 

 

 

 

January 7th

 

 

CANNAMERICA BRANDS CORP.(CSE: CANA) announce that it has entered into a binding letter of intent to create a joint venture with Invictus MD Strategies Corp. and CB Distribution Company Ltd.  with the intention of acquiring hemp biomass for extraction into CBD isolate using purpose-built facilities for large scale CBD extraction.

 

In December 2018, President Trump signed the $867 billion Farm Bill which re-characterized hemp from a schedule 1 drug with high potential for abuse to the lowest-level listed drug (schedule 5) which includes small doses of medicines such as codeine. This allows for mass hemp production in the United States that is federally legal and the ability to move hemp across state lines.

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CROP INFRASTRUCTURE CORP. (CSE: CROP) announced its 49% owned subsidiary Elite Ventures is nearing completion of a 1,600 square foot genetics, tissue culturing and micropropagation laboratory at the company’s Nevada Farms. The objective of the team and the lab will be to provide 10,000,000 plant starts for the company’s 2,115 acres of CBD farms. By propagating in the lab, the company will save approximately $3 million in seed and planting costs for the 2019 season.

 

 

January 8th

 

 

MJardin Group, Inc. (CSE:MJAR) announced that its WILL cultivation facility in Brampton, Ontario has received its first license to sell cannabis under the Cannabis Act.

 

 

The license allows MJardin to supply and sell finished cannabis products to provincial governments throughout Canada and through Canada’s distribution and retail supply chain. The 32,800 square foot facility has a current production capacity of 3,000 kg per year and MJardin has plans to expand WILL’s existing facility and increase total production capacity to over 5,000 kg per year.

 

 

 

Portage Biotech Inc. (CSE:PBT.U) announce that at an annual general special meeting shareholders overwhelmingly approved the acquisition of SalvaRx Limited.

 

Greg Bailey MD, Chairman of Portage, said: “As we have seen with the recent acquisition of Celgene for $74 billion based predominantly on its oncology pipeline this remains a very exciting area. We feel that the Portage/SalvaRx transaction positions both companies for the next phase of development.”

 

 

January 9th

 

 

Moving forward with cannabis sales license, Abba Medix eyes EU- GMP certification, signs agreement with Cannabis OneFive, Inc.

 

Canada House Wellness Group Inc. (CSE:CHV) through its wholly owned subsidiary Abba Medix Corp. has initiated the process for its facility to become EU-GMP compliant by entering into a software licensing agreement  with Cannabis OneFive, Inc . The SaaS Agreement provides Abba with the use of C15’s Veeva Quality One unified quality management and document control solutions.

 

 

January 10th

 

 

Biome Grow Inc. (CSE: BIO) announce its Nova Scotia ‐ based subsidiary, Highland Grow Inc . has secured its first purchase order with the Nova Scotia Liquor Corporation. The first shipment of finished product grown and packaged specifically for consumers in Nova Scotia was received by the NSLC later that day.

 

 

 

The Yield Growth Corp. (CSE:BOSS) announce that it will launch three hemp – based skin care products under the Urban Juve brand.

 

 

“I am extremely proud of our talented team for bringing these beautiful products to the retail market in under two years,” says Yield Growth CEO, Penny Green, “Once the development work is complete, the potential profit margins on these products are high. We also expect to make healthy returns on our future planned cannabis infused topicals.”

 

 

 

January 11th

 

GLOBAL BLOCKCHAIN MINING CORP. (CSE: FORK) announces that US-based AmmbrTech, Inc with whom FORK has partnered for network development, has been selected by Smartware for an infrastructure deployment that will span across 53 cities and more than 15,000 villages in India.

 

 

Initial roll-outs are currently scheduled for mid-2019, with plans to scale upward in 2020. AmmbrTech’s India subsidiary also has plans to establish local manufacturing to meet demand for Ammbr router hardware.

 

 

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CYNTAR VENTURES INC.  (CSE: CYN) announce that it has received its independent geological report on the Lorn Property.

 

 

The report details the work that has been done to date on its 3,957-hectare Lorn Property located in the Clinton and Lillooet mining divisions of BC. Concurrent with the geochemical sampling, geologists prospected and mapped large areas of the Property in detail, covering areas which had not previously been exposed due to glacial ice cover.

 

 

The Overall

 

While many other markets continued to take a pounding over the holiday season, the CSE continued it’s rally begun Dec. 21st and still rising at the time of this writing.

 

 

The week of January 7th opened at 724.15 and closed Friday at 748.96.

 

 

Always Be Closing

 

The market opened on a hopeful country in 2019.

 

All in all we are in good shape across the country – our commodities are getting to market, our unemployment rate is incredibly low, housing rates are settling down a bit in most markets and our position on the world stage just keeps shining brighter.

 

Pot stocks continue to show irrepressible strength, new markets seem to open up weekly and business-friendly legislation is continuing to pass.

 

Our relationship with China may seem bumpy to the casual observer, given the headlines of late about Huawei executives and death-penalty drug cases, but in truth, our business partnerships with The People’s Republic are rock solid.

 

2019 at The CSE is shaping up to be both exciting and profitable. I look forward to experiencing it with you.

 

Posted January 15, 2019

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