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This Week on the CSE February 11th through 15th

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This Week on the CSE February 11th through 15th

 

 

 

 

 

 

by Christian Granholm

 

 

“Yes, hello? Would you like to sign up for a two year deal with Bell?” – the first Canadian phone call, probably.

 

 

 

It was on this day in Canadian history, Feb 14th, 1916 that the first telephone call connected Montréal and Vancouver, 6,763 km apart.

 

 

The call is made during a banquet held simultaneously at the Ritz-Carleton Hotel in Montréal and the Globe Theatre in Vancouver, attended by politicians and Bell Telephone Company executives.

 

 

And just think, over a century later and we have like, three carriers!

 

 

The lack of competition, particularly in the mobile market, is shameful; mobile users (except Saskatchewan) are getting slammed.

 

 

Brazil, Africa, India all have mobile plans with 30 gigs/month or better, unlimited talk/text for the equivalent of $15.

 

 

Canadian consumers deserve better.

 

 

 

New Listings

 

 

The CSE welcomes the following new listings this week:

Valeo Pharma Inc. (CSE:VPH)

Victory Resources Corporation (CSE:VR)

Skarb Exploration Corp. (CSE:SKRB)

Dimension Five Technologies Inc. (CSE:DFT)

 

 

February 11th

 

 

New Point Exploration Corp. (CSE: NP) adds an update on the mineral assets known as the Mid-Corner Cobalt Project, located on the Avalon Peninsula in the  Newfoundland and Labrador.

 

 

New Point entered into an option agreement with a private arm’s-length vendor, whereby the company was granted the exclusive right and option to acquire a 100-per-cent interest in the property, subject to an existing 2-per-cent net smelter royalty. New Point has the option to acquire 100% interest in three licences which comprise the property (15 mineral claims).

 

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Ortho Regenerative Technologies Inc.(CSE:ORTH) announces pivotal study on Ortho-R for rotator cuff repair.

 

 

In addition, a pre-IND (Investigational New Drug) meeting is to be held later this month with the Food and Drug Administrationto formalize the requirements for the filing of its application to commence human trials on Ortho-R.

 

 

“The pivotal study is designed and powered to show statistically significant healing for rotator cuff repair by way of MRI and Histopathology. The first series of MRI results will be available after 3 month sand are expected to confirm our previous findings where we showed superior healing over standard of care.The study is also designed to assess whether the repair could be accelerated or further improved witha higher dose of Ortho-R”, said Ortho RTi’sChief Scientific Officer, Dr. Michael Buschmann.

 

 

 

 

February 12th

 

 

Spearmint Resources Inc. (CSE: SPMT), after receiving airborne data showing the presence of anomalies, has strategically increased its Chibougamau Vanadium Prospect by 2,190 acres to a total of 16,175 contiguous acres.

 

 

The recently received airborne data shows the presence of multiple sharply defined areas of northeast trending magnetic susceptibility, including an anomaly measuring 9km in length, which has now expanded to a total of 12km in length with the acquisition of the new claims.

 

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True Leaf Medicine International Ltd. (CSE: MJ), a leading global cannabis and hemp wellness brand for pets,  has executed a funding agreement for the issue of a convertible security for gross proceeds of $4,500,000 with an entity managed by The Lind Partners, a New York-based institutional fund manager.

 

 

 

February 13th

 

 

Valens GroWorks Corp. (CSE: VGW) has expanded its annual extraction capacity significantly to 240,000KG of dried cannabis input in order to prepare for customer demand for extraction services.

With this expansion, Valens secures the spot as the largest third-party extraction company in Canada.

 

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Sunniva Inc. (CSE:SNN) completed a non-brokered offering of convertible debentures.

The $10 million financing was over-subscribed with gross proceeds received of CAD $15,042,055. This financing provides additional working capital to enable Sunniva to meet the higher than anticipated near term sales demand for Sunniva branded cannabis products in California.

 

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Cellcube Energy Storage Systems (CSE:CUBE) enters definitive agreement to acquire Vanadium North Resources.

 

 

The company holds two vanadium properties located in Nye County, Nevada.

 

 

 

 

 

 

February 14th

 

 

Sunniva Inc. (CSE:SNN) estimates over US$55 million in revenue in 2019 and secures additional US$4 million in purchase orders.

 

 

This increases the total sales orders received to date to USD $11.5 million of products to be sold in the first four months of 2019. Sunniva anticipates continued growth in sales volumes in the second quarter, increasing monthly throughout the year, secured by similar typesof retail purchase contracts.

 

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Global Li-Ion Graphite Corp. (CSE: LION) has signed a MOU with Swiss EMX, a Private Swiss Company, to enter into an offtake agreement to supply Graphite from the Ambato-Arana graphite project in Madagasca.

 

 

The MOU contemplates LION supplying 10,000 tonnes within the first three year sof a definitive offtake agreement being signed and an additional 10,000 tonnes within five years.

 

 

 

 

February 15th

 

 

GoverMedia Plus Canada Corp. (CSE: MPLS) has concluded a commercial agreement with the first audible cryptocurrency SonoCoin, whereby GoverMedia will provide the necessary infrastructure to process transactions in SonoCoin’s own digital coin against five other cryptocurrencies (BTC, ETH, BCH, XRP, LTC) by using GoverMedia’s payment processing software.

 

 

SonoCoin is Swiss-based blockchain startup that has developed a digitally encrypted audio file that operates on a proprietary blockchain system. The SonoCoin audio file is a sound interpretation of a code that can be recognized and recorded by any device that reproduces sound.

 

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Pasinex Resources Limited (CSE: PSE) announce its 2018 preliminary production and mining costs from its Pinargozu mine along with production and cost estimates for 2019.

 

 

Production in 2018 was 14% below guidance due to difficult mining conditions as the mine operated in smaller discontinuous zones of mineralization impacting efficiency.

 

 

The production forecast for 2019 is significantly lower than 2018 production due to a transition from predominantly oxide material to the deeper, more valuable, sulphide material which requires considerable mine development to access this deeper mineralization.

 

 

 

The Overall

 

Mid-February saw the first real stall in the rise of the CSE that has been steadily ongoing since December. The week opened at 832.28 and took a bumpy ride to close out Friday at 828.03.

 

 

 

Always Be Closing

 

When I talk to people about cannabis stocks, often the first thing I have to do is explain that some of the most exciting Canadian cannabis companies don’t sell pot.

 

 

They sell things to companies  and consumers that sell and buy pot.

 

 

Three of the hottest cannabis companies: CannaOne (CSE:CNNA), High Tide (CSE:HITI) and Ventura Cannabis (CSE:VCAN)  are more about value-added sales than weed sales.

 

 

CannaOne Technologies is a software company that has developed BloomKit, a cloud-based B2C solution for the cannabis industry since November 21, 2018. The platform offers online storefronts, logistics, marketing, payment processing, customer acquisition tools, and search engine optimization (SEO). BloomKit collects, stores, and sorts data created by users.

 

 

High Tide is a Canada-based cannabis company that focuses on the wholesale distribution and manufacturing of smoking accessories and lifestyle products.

 

 

Ventura Cannabis and Wellness provides outpatient rehabilitation and detoxification service. Working under the BLVD Centers brand name, the Company operates rehabilitation centers in California and Oregon.

 

Sure, cultivators are making money. A lot of money.

 

 

But if investors are missing out on all the excellent Canadian companies that are providing to the secondary cannabis market, they’re missing out on money. A lot of money.

 

Posted February 19, 2019

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