by Christian Granholm
Guglielmo Marconi, saddened by what his invention will ultimately be used for: Presidential Tweets and poop emoji’s.
As of Dec 12th, it has been 117 years since Guglielmo Marconi received the first wireless radio message from across the Atlantic Ocean on Signal Hill, St. John’s, Newfoundland.
On a blustery day in 1901, the Italian scientist installed his radio receiver in an abandoned hospital on Signal Hill, one of the closest points to Europe. He used a kite to keep an antenna in the air for a short time. When his associates in Cornwall, England, transmit the Morse code letter S, Marconi hears the three repeated dots.
Four minutes later, a teen in St. John’s sent back “1v1 me @ cricket, limey. I’ve known yer mum in the biblical sense.”
The CSE welcomes the follwoing new listing this week:
Terranueva Corporation (CSE:TEQ)
Rapid Dose Therapeutics Corp. (CSE:DOSE)
The Yield Growth Corp. (CSE:BOSS)
High Tide Inc. (CSE:HITI)
Harvest Health & Recreation, Inc. (CSE:HARV) announces a joint venture with Aina We Would, LLC, to create a National Cannabis Real Estate Investment vehicle with up to $100 million in committed capital.
A vertically integrated public cannabis company with one of the largest footprints in the U.S., Harvest entered into an agreement to form Aina We Would, LLC, a new captive real estate investment vehicle that plans to provide funding for cannabis-related real estate asset acquisitions.
AWW plans to buy, develop and finance new construction projects, engage in land purchases, capital improvements and sale-leasebacks to Harvest and other operators in the cannabis industry.
In addition, Harvest has committed to lend AWW a minimum of up to $30 million in short-term financing to permit AWW to seek out acquisition projects.
AgraFlora Organics International Inc. (CSE:AGRA) closes $7.5 million 2nd tranche of $40 million equity participation and earn-in agreement with Delta Organic Cannabis Corp.
“AgraFlora has received a total of $20 million from DOCC of the proposed $40 million financing and we are moving aggressively to retrofit our 2.2 million square foot greenhouse for cannabis cultivation,” said Derek Ivany, President and CEO of the Company.
Shamrock Enterprises Inc. (CSE:SRS) signs option to purchase Milly Property Mineral Claims in central BC.
The Milly Project consists of 4 mineral claims covering an area of 6013.2 hectares, and is 25 km southeast of Centerra’s Mount Milligan deposit, which hosts a resource of 2.84 billion pounds of copper and 7.50 million ounces of gold.
International Cobalt Corp. (CSE: CO) extends mineralization at Ramsay Cobalt.
This marks the completion of a 2126-metre diamond drilling program to test for cobalt and copper mineralization on the company’s Ramsay Project in New Brunswick, Canada.
The first 6 holes all intercepted mineralized intervals visually consistent with core descriptions reported in 2004 from the Malachite zone. Assays are pending on 665 samples.
Cresco Labs (CSE:CL) has been granted approval to open the first marijuana dispensary in the state of Ohio. The new facility located in the village of Wintersville, named CY+ (pronounced “see why plus”), will offer a wide selection of pharmaceuticalgrade cannabis for physician-certified patients across Ohio.
“Receiving the first approval to operate is a major milestone in the transformation of the cannabis program in Ohio,” said Charles Bachtell, CEO of Cresco Labs. “This is also a big step forward for Cresco along our path of unparalleled speed to market, powerful influence in industry development, and proven execution in consumer markets.”
Go Cobalt Mining Corp. (CSE:GOCO) announce preliminary rock sample results of up to 2.01% Vanadium Pentoxide (V2O5) from organic rich sediments at the Barachois Vanadium project. The preliminary program successfully confirmed historically reported high-grades of greater than 1% vanadium and identified the rock units that host vanadium mineralization on the project.
Spearmint Resources Inc. (CSE: SPMT) announce that upon receiving preliminary airborne data, the company immediately increased its acreage in the Chibougamau Vanadium district to 13,985 contiguous acres.
James Nelson, President of Spearmint, stated “We are optimistic to have received such encouraging preliminary data from the airborne surveys and are awaiting final results from the entirety of the property before the end of the year. Having already uncovered at least one potential high priority target to date on our Vanadium prospect, we immediately expanded and consolidated our existing fragmented properties into one large contiguous land package bordering BlackRock Metals. This new acreage strengthens our significant footprint in this world class Vanadium district. As the vanadium price-per-pound has recently reached all-time highs, breaking over $33USD per pound, we are very excited to have uncovered this sharply defined target…”
High Tide Inc. (CSE:HITI) to acquire Grasscity – the world’s most popular online retailer of smoking accessories – and the Grasscity Forums.
Through a newly-formed Dutch subsidiary named High Tide Inc. B.V., the company will acquire all of the issued and outstanding shares of Grasscity. The transaction has been unanimously approved by the boards of directors of both companies and is expected to close by the end of the year.
Based in Amsterdam, the Netherlands, Grasscity.com is the world’s #1 online store for smoking accessories and cannabis lifestyle products and the most searchable smoking accessories retailer, with approximately 5.8 million site visits annually. The site has in excess of 550,000 customers in its database, generates over 90% of its revenues from customers located in the United States and fulfills approximately 65,000 orders per year.
DNI Metals Inc. (CSE:DNI) provides update with environmental licences, a resource study and financing. We can expect a site visit in early January and a resource estimate by mid-February. A non-brokered private placement financing was issued to secure up to $1,000,000 for its projects and operations by placement of up 1,000 convertible debentures.
Alchemist Mining Inc. (CSE:AMS) closed financing to the tune $689,000. The company will use the proceeds from the Private Placement towards the closing acquisition of a 100% interest in the Oddysee Software Platform and general working capital.
While the overall trend since mid-October has been downward, the month of December has been marked by it’s own rise/fall cycle. Opening the week at 668.86, the CSE closed at 651.17 on Friday, which is still above where it was the first week of this month.
Always Be Closing
This is our last column for 2018 and it’s been an exciting year. Legalization took the CSE by force, and shook massive yields out of the market, as if every gram of cannabis making it to market was grown of gold leaf.
As the rest of the market follows a downturn that has many investors losing their capital while others make a killing, cannabis stocks are only going to get more stratospheric.
Now that Canada has lead the way, other countries will start to fall like dominoes on their rush towards legal recreational use.
While we still have no definitive date for edibles here, Canadian companies are way ahead of the curve in America, formulating and selling a host of exciting new products in several States.
We are uniquely poised to export our cannabis expertise worldwide, in the same way that Canadian mining companies have done for over 50 years.
And we will see that activity from our own very unique viewpoint: as investors of the companies making it happen.
Here’s to fat bottom lines in 2019 – we’ll see you on the other side.
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