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This Week on the CSE – December 3rd through 7th

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This Week on the CSE – December 3rd through 7th







by Christian Ganholm


“I’m sorry, you did what now?” – Canadian sailors on Dec 7th, 1941, probably



On Dec 7th, 1941 Japan attacks Pearl Harbour. The very same day, in outrage at the attack on our southern brothers, Canada declares war on Japan.


In the late evening of Dec. 7Th, Prime Minister Mackenzie King’s huddled, chain-smoking cabinet angrily makes it known that Canada intends to go to war with Japan a full day before America itself declares war on the aggressive island nation.


Granted, the War Proclamation needed to be ratified by the King back in England, which he did on Dec. 8Th, but that’s some bro-level feistiness on our part.


When we talk about the unique bond between our two nations, and lament the trade negotiations that seem to muddy the waters of our great friendship from time to time, it’s good to remember dates like these. May we never forget what we’ve sacrificed and may no man tear this partnership asunder.



New Listings


The CSE welcomes the follwoing new listing this week:


Planet 13 Holdings Inc. (CSE: PLTH.WT)



November 3rd


THC BioMed Intl Ltd. (CSE: THC) makes their 1st shipment of cannabis products to Saskatoon retailer; purchases additional strata lots in its current Kelowna location; makes 5th shipment to B.C.



The Saskatchewan shipment includes their bestselling cannabis strains in dried and pre-rolled forms. The additional strata lots will be used for production purposes.





MYM Nutraceuticals Inc., (CSE: MYM) announce the signing of a term sheet for a $25 million equity investment by Alumina Partners LLC, a New York based private equity firm that has made substantial investments in the cannabis space. The draw-down nature of this investment gives MYM flexibility to build, with the ability to access funds when necessary.


The investment is viewed as a key milestone to become a significant player in the cannabis space.  



November 4th



Planet 13 Holdings Inc. (CSE:PLTH) announces closing of $26.4 million bought deal public offering.



“There are a number of potential catalysts for growth in the next few months. This financing gives us the capital required to execute on each,” said Bob Groesbeck, Co-CEO of Planet 13. “We should hear about additional licenses in the State of Nevada this week, which if granted, would allow us to reopen our Medizin dispensary and build additional similar dispensaries in targeted markets. Since opening, the Superstore has served an average of 1,400 customers per day with an average ticket above our target, exceeding our expectations for the first month and trending towards our stated run-rate goal.”



November 5th



MGX Minerals Inc. (CSE:XMG) announces their winter drilling program to target high-grade gold mineralization at depth.



Drilling will recommence shortly at its 100% owned Fran Gold Property located 30km southwest of the Mount Milligan Gold-Copper Mine.



November 6th



Generation Mining Limited (CSE:GENM) receives permits for their Alberta zinc project. The company announces that all permits have been received for a sampling near High Level, Alberta, and that work will commence next week. The program is designed to pinpoint the source of a 4,000-square-kilometre zinc in till anomaly.





Maxtech Ventures Inc. (CSE: MVT) announce initiation of a summer exploration program at the Lac Patu Vanadium project located in Quebec.



Peter Wilson, CEO, stated, “Vanadium is a newly emerging energy and strategic metal for a new class of cost effective battery storage technologies. As the vanadium price-per-pound continues to reach all-time highs, Maxtech is motivated to begin phase one work programs …”







Crop Infrastructure Group (CSE:CROP) begins development on their outdoor 1,729,000 square foot cannabis farm.



The 40 acres development of outdoor cannabis and 60,000 square feet of greenhouse are being built at its 1,000-acre cannabis farm in Nevada.



November 7th


Delrey Metals Corp. (CSE:DLRY) announces acquisition of two B.C. vanadium projects; strengthens portfolio within strategic battery metals sector.



The company announces it has closed a share exchange agreement  with BC Vanadium Corp. to acquire all the issued and outstanding share capital.



BCVC owns a 100 percent undivided, unencumbered legal and beneficial interest in both the Star and the Porcher Vanadium properties located in northwestern BC. The properties cover a total area of 6,740 hectares and host vanadium mineralization within large bodies of titaniferous magnetite.



The Overall


The week opened at 701.07, right about where you could expect it to, based on the month-long trend. An interesting bounce happened mid-week and began a rise to claw back a tiny amount of gains, however it closed overall down for the week, at 663.48.



Always Be Closing


Analysts are releasing their outlooks for 2019 and for the most part they seem to agree on one thing: Canadian stocks are dirt cheap.


Unlike the U.S., Canada has had no bull market during this cycle – we are at the same level we were during the summer of 2008. And yet, company earnings are up by about 30% over that period. Meaning, our stocks are seriously cheap.


And yet, the same analysts warn of a possible recession beginning in 2019. As interest rates continue to rise and Canadians take on more debt, the risk to our economy is real.


So where does the smart money go next year? Can the opportunities presented by a cheap stock market make up for the shortfall in other investment areas?


These are questions which 100% of analysts agree on, “Only time will tell.”


But I’m betting the dirt cheap Canadian stocks are going to get snapped up by those looking to insulate themselves or offset potential losses elsewhere.

Posted December 11, 2018

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