The Prospector News

This Week on the CSE – July 22- 26, 2019

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

 

 

 

 

By Amanada Graff

The Opening

 

On this day in Canadian history, (July 22 1959), Queen Elizabeth II opened the Queen Elizabeth Generating Station of the Saskatchewan Power Corporation. The facility is a natural gas-fired station owned by SaskPower, located in Saskatoon. The station was originally called the South Saskatchewan River Generating Station but was renamed at the time of commissioning.

 

 The station was originally called the South Saskatchewan River Generating Station but was renamed the Queen Elizabeth Generating Station at the time of commissioning.

 

In 2015, the Power Station received a $525 million upgrade to significantly increase electrical output, which subsequently led to a downgrade for coal. The upgrade included modernizing three gas turbines, making them more efficient and adding enough generation to power more than 200,000 homes.

 

Demand for electricity in the area is expected to grow by 13 per cent over the next 5 years, and more than two thirds of the power generated by the Queen Elizabeth Generating Station supplies industrial customers.  

 

Recent upgrades to the Station added enough generation to power more than 200,000 homes.

 

New Listings

 

The CSE welcomes the following new listings this week:

 

Nabis Holdings Inc. – Warrants and Debentures (NAB.WT and NAB.DB)

Valeo Pharma Inc. – Warrants (VPH.WT)

 

July 22

 

NexTech AR Solutions Corp.  (CSE: NTAR) (OTC: NEXCF) (FSE:N29) a rapidly growing technology and emerging growth company focused on bringing augmented reality to the masses is pleased to announce that it has closed its previously announced private placement of units and secured convertible debentures for an aggregate amount of $1,589,500. >>Learn more

 

Top Strike Resources Corp. (CSE: VENI) announces it has entered into a strategic partnership with Vertical Companies.  As part of this partnership, the Company has entered into an agreement whereby Vencanna will loan Vertical up to $4,000,000 for inventory expansion and general working capital purposes. 

 

GlobeX Data Ltd. (CSE: SWIS, SWIS.WT) is pleased to announce that, it successfully completed its initial public offering of 5,692,000 units of GlobeX at a price of $0.25 per Unit for total gross proceeds of $1,423,000, pursuant to the final prospectus of the Company dated May 8, 2019. >> Learn more

 

July 23

 

Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) is pleased to announce that after receiving positive gold and copper indicators from a recently completed work program, the Company has decided to immediately increase the size of the Hammernose gold prospect which now totals 5,910 acres directly bordering the strategic alliance between Westhaven Resources Inc. (WHN.v) and Sable Resource Ltd. in the Spences Bridge gold belt (SBGB).

 

MYM Nutraceuticals Inc., (CSE: MYM) (OTCBB: MYMMF) is pleased to announce that its joint venture company (MYM owns 50%), BioHemp Naturals Growing & Farming Ltd., has signed a non-binding Letter of Intent for the sale of $25 million of CBD-rich hemp biomass. >> Learn more

 

NexTech AR Solutions Corp. (CSE: NTAR) (OTC: NEXCF) (FSE:N29) is a rapidly growing AR technology company targeting three multi-billion dollar verticals in the AR industry which all drive revenue from its omni-platform called “Aritize”. >> Learn more

 

July 24

 

WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE), a federally-licensed producer and distributor of medical-grade cannabis, its wholly-owned subsidiary CX Industries and Ignite International Brands, Ltd. (CSE:BILZ) are pleased to announce they have entered into an exclusive licensing agreement for an initial term of two years with an option for a third year. >> Learn more

 

Harvest Health & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF), a vertically integrated cannabis company with one of the largest and deepest footprints in the U.S., announced today the acquisition of Phoenix operator Urban Greenhouse.  >> Learn more

 

Green Growth Brands Inc. (CSE:GGB) (OTCQB:GGBXF) announced today that it has entered into an agreement with a group of investment dealers, led by Canaccord Genuity Corp., pursuant to which the Underwriters will purchase, on a bought deal basis pursuant to the filing of a short form prospectus, an aggregate of 20,500,000 units of the Company at a price of C$2.45 per Unit for aggregate gross proceeds of C$50,225,000. >> Learn more

 

International hemp and CBD company HeavenlyRx Ltd. is pleased to announce that it has closed on their acquisition of Tru Brands, Inc., a quickly growing wellness company that is building out a suite of all-natural food products that will be 100% Plant Fueled®.  >>Learn more

 

AJN Resources Inc. (CSE: AJN) (Frankfurt: 5AT) is pleased to announce it has closed the first tranche of the previously announced financing to raise up to $2 million at $0.25 per share. Pursuant to the first tranche, AJN has issued 4,545,000 shares at $0.25 per share for gross proceeds of $1,136,250. The Proceeds will be used for general working capital. All the shares issued will have a 4 month hold. A finders fee of $14,400 was paid to Nascent Capital Partners Pty Ltd. >> Learn more

 

Mojave Jane Brands (CSE: JANE) (OTC: HHPHF) (FSE: OHCN), a California cannabis company, is pleased to announce that it will proceed with a non-brokered private placement of up to 32,000,000 units at $0.25 per Unit for gross proceeds of up to $8,000,000.  >> Learn more

 

Captiva Verde Land Corp. (CSE: PWR), is extremely pleased to announce that its 100% wholly owned subsidiary, Solargram Farms Corporation, a Canadian controlled private corporation, having corporate offices in Moncton, NB has negotiated and signed a binding purchase agreement to acquire a large 5.6 million square feet outdoor grow land package located in Renaud Mills, New Brunswick. >> Learn more

 

Pasha Brands Ltd. (CSE: CRFT) (OTC:CRFTF) (FSE:ZZD), North America’s largest craft cannabis brand house, is pleased to announce that it has signed an agreement with Great North Distributors, Inc., Canada’s first national sales broker for legalized adult-use cannabis, to distribute Pasha’s craft cannabis products throughout Canada. >> Learn more

 

July 25

 

Green Thumb Industries (CSE:GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Essence and Rise™ retail stores, today announced that it is one of only three companies to be awarded a new retail license by Culver City, located in Los Angeles County, California. >>Learn more

 

SOL Global Investments Corp. (CSE:SOL) (OTCPK:SOLCF) ) (Frankfurt:9SB) is pleased to announce a US$2 million capital infusion in its portfolio company CannCure Investments Inc.  >>Learn more

 

HERITAGE CANNABIS HOLDINGS CORP. (CSE: CANN) is pleased to announce that it has entered into a Contract Manufacturing Agreement with Cronos Group Inc. for the filling and packaging of vaporizer devices for the Canadian cannabis adult-use and medical market. Heritage will provide extract, fill and package vaporizer devices for the Spinach™ and PEACE NATURALS™ brands, utilizing multiple unique and proprietary formulations provided by Cronos Group. >>Learn more

 

Valeo Pharma Inc. (CSE:VPH), a Canadian specialty pharmaceutical company, announced today the closing of its marketed public offering of units of the Company at a price of $0.50 per Unit for aggregate gross proceeds to the Company of approximately $3.1 million >>Learn more

 

Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) today announced it has received a purchase order from American Eagle Outfitters, Inc. (NYSE: AEO) through which it will sell hemp-derived cannabidiol (CBD) infused personal care products in nearly 500 of its American Eagle (AE) stores and online. >> Learn more

 

July 26

 

Provenance Gold Corp. (CSE: PAU) (3PG: FSE) is pleased to announce that it will conduct a non-brokered private placement of up to 2,500,000 units at a price of $0.15 per Unit.  >>Learn more

 

CannaRoyalty Corp. d/b/a Origin House (CSE: OH) (OTCQX: ORHOF), a North American cannabis products and brands company, announced today that it has divested its 5.1% equity interest in Alternative Medical Enterprises LLC for total consideration of US$6 Million. >>Learn more

 

Vinergy Cannabis Capital Inc. (CSE:VIN) (OTCQB:VNNYF) is pleased to announce that further to its press release dated July 18, 2019, it has now received final approval from the Canadian Securities Exchange and the Company’s common shares will resume trading on the CSE on July 29, 2019 under the symbol “VIN”. >> Learn more

 

 

Cannvas MedTech Inc. (CSE: MTEC) (Frankfurt: 3CM) (OTCPK: CANVF), is pleased to announce that, further to its news releases of July 10, 2019 and July 24, 2019, it has closed the final tranche of its non-brokered private placement issuing an aggregate of 2,975,000 units for additional gross proceeds of $595,000. Due to increased demand, the private placement has been oversubscribed by $102,500, for total gross proceeds of $2,102,500 raised through the issuance of 10,512,500 units at $0.20 per unit. >> Learn more

 

 

Versus Systems Inc. (CSE: VS) (OTCQB: VRSSF) (FRANKFURT: BMVA) announces that it has arranged for and closed a non-brokered private placement through the issuance of 17,517,500 units at a price of $0.20 for gross proceeds of $3,503,500, subject to regulatory approval. Each Unit is comprised of one common share and one common share purchase warrant. Each Warrant is exercisable at a price of $0.35 for a period of 24 months from the date of issue. >> Learn more

 

 

SOL Global Investments Corp. (SOL.CN) (SOLCF) (Frankfurt: 9SB) is pleased to announce that it has purchased an additional 16,766,250 common shares in the capital of HeavenlyRx Ltd. at a price of $0.40 for an aggregate subscription amount of CAD$23,909,000. >>Learn more

 

The Overall

The overall opened at 612.73 on Monday and sharply dropped to 581.96 on Tuesday before rising steadily and closing at 602.29 on Friday.

 

The Closing

 

On a positive note – a massive 250K net new jobs were created in Canada in the first five months of 2019. Even better news is the fact that two-thirds of those jobs were in the private sector and in full-time positions. The jobless rate even fell to an all-time low of 5.4% in May. The surge in cyclical sectors, particularly construction employment, suggests the economy, despite recent challenges, is now growing at a decent pace.

Posted July 29, 2019

Share this news article

MORE or "UNCATEGORIZED"


Fortuna Reports First Quarter 2021 Financial Results

Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) reported record... READ MORE

May 10, 2021

McEwen Mining Reports Upbeat Exploration & Delineation Results

Including true width intervals of 6.08 g/t Au over 25.7 m at Stoc... READ MORE

May 10, 2021

Imperial Reports First Quarter 2021 Financial Results

Imperial Metals Corporation (TSX:III) reports financial results ... READ MORE

May 10, 2021

McEwen Mining: Q1 2021 Results

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX)  reported its first qu... READ MORE

May 10, 2021

Cameco reports first quarter results, Cigar Lake restart and the continued execution of strategy to support global clean-air transition

Cameco (TSX: CCO) (NYSE: CCJ) reported its consolidated financial... READ MORE

May 7, 2021

Copyright 2021 The Prospector News