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This Week on the CSE – July 29 – August 2, 2019

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This Week on the CSE – July 29 – August 2, 2019

 

 

 

 

 

By Amanda Graff

 

The Opening

 

On this day in Canadian history (July 29, 1965), Postal workers in more than 30 cities ended the wildcat strike, after getting pay raises and improved working conditions. Their old union collapsed, and two new ones were formed.

 

Since 1965, the Canadian Union of Postal Workers (previously Canadian Postal Employees Association) has been involved in approximately 19 major disputes over several complex issues. The “big strike” of July 1965 was one of the largest Canadian “wildcat” strikes and the largest involving government employees; it played an important role in gaining collective bargaining rights for civil servants. 

 

On October 16, 1981 the post office became a Crown Corporation, something CUPW had been urging in the hopes that it would streamline negotiations by placing the union under the Canada Labour Code.

 

The big strike of July 1965 was one of the largest Canadian wildcat strikes and the largest involving government employees.

 

In 1981, the post office became a Crown Corporation, something CUPW had been urging in the hopes that it would streamline negotiations by placing the union under the Canada Labour Code.

 

New Listings

 

The CSE welcomes the following new listings this week:

 

Walcott Resources Ltd. (WAL)

XPhyto Therapeutics Corp. (XPHY)

Cruz Cobalt Corp. (CRUZ)

 

 

July 29

 

HERITAGE CANNABIS HOLDINGS CORP. (CSE: CANN) is pleased to announce that further to its press release dated May 15, 2019, the Company has completed its transaction to acquire 30% of Endocanna Health Inc., pursuant to the terms of the Stock Purchase Agreement and the Share Exchange Agreement dated July 26, 2019. >>Learn more

 

International Cannabrands Inc. (CSE: JUJU) is pleased to announce that its 51% subsidiary La Vida Verde, Inc., expects to record a 44.7% growth in Q2 revenue over Q1 of this year. >> Learn more

 

Idaho Champion Gold Mines Canada Inc. (CSE: ITKO), a discovery-focused gold exploration company, announces a non-brokered private placement of up to 12,500,000 units at a price of $0.08 per unit for a gross proceeds of up to $1,000,000. >>Learn more

 

Pasha Brands Ltd. (CSE: CRFT) (OTC:CRFTF) (FSE:ZZD), North America’s largest craft cannabis brand house, is pleased to announce that its wholly owned subsidiary, BC Craft Supply Co. Ltd, has signed a supply agreement with Canada’s first licensed micro-cultivator applicant, Hearst Organic Cannabis .  >>Learn more

 

 

Delrey (CSE:DLRY) (FSE:1OZ) (OTC:DLRYF) is pleased to announce a non‐brokered private placement consisting of the issuance of: (i) up to 11,000,000 flow‐ through units at a price of $0.1001 per FT Unit for gross proceeds of up to $1,100,000, and (ii) up to 5,000,000 non‐flow‐through units at a price of $0.08 per NFT Unit for gross proceeds of up to $400,000. >>Learn more

 

 

The Delma Group Inc. (CSE: DLMA) announces that it has closed the acquisition of the commercial real estate property located at 395-425, rue des Érables, Salaberry-de-Valleyfield, Quebec . The acquisition was completed by virtue of purchasing 100% of the issued and outstanding shares of 9371-9904 Québec Inc., a private portfolio company that owns all of the equity interest in the Property, held jointly by two arm’s length parties to the Company. >>Learn more

 

 

July 30

 

SOL Global Investments Corp. (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB), an international company focused on cannabis and cannabis-related ventures, released its financial results for the year ended March 31, 2019, and provided a general corporate update. New management has led SOL Global through the execution of strategic transactions resulting in pre-tax net income of $110.8 million. >> Learn more

 

Alternate Health Corp., (CSE:AHG) (OTCQB:AHGIF), an international leader in CBD extraction, product development and distribution, announced today that the Company generated $1.9 million in Q2 revenue. >>Learn more

 

Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ), a Multi-state operator in Nevada, California, Ohio and Arkansas, today announced that it has qualified to trade on the OTCQB® Venture Market. The OTCQB Venture Market is operated by OTC Markets Group Inc. >> Learn more

 

MYM Nutraceuticals Inc., (CSE: MYM) (OTCBB: MYMMF) is pleased to announce that the Company has finalized the acquisition of 50% of BioHemp Naturals, a licensed hemp cultivator in the business of cultivating and distributing CBD-rich hemp biomass to licensed producers in Canada. >> Learn more

 

Orchid Ventures, Inc. (CSE: ORCD) (OTC:ORVRF) announced today that it signed an amended and restated asset purchase agreement and completed the acquisition of certain assets of GreenBloom Cannabis Co., a vertically-integrated cannabis operator. Through the acquisition, Orchid Ventures will add, pending regulatory approval, five retail stores, two cultivation facilities, one distribution entity, and six brands to its operations. >> Learn more

 

 

July 31

 

Preferred Dental Technologies Inc. (CSE: PDTI) is pleased to announce that it has finalized and executed legal documentation to complete its Joint Venture Agreement with Gillespie Farmer’s Delight Company Ltd. (GFDCL). GFDCL is developing a 269 acre property into a hemp growing and EU GMP CBD extraction facility located in Jamaica. >>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., today announced that it has entered into a term sheet for a secured term loan of up to US$225 million from an investment fund managed by Torian Capital Partners, an investor in the global cannabis industry and other parties. >>Learn more

 

Pasha Brands Ltd. (CSE: CRFT) (OTC:CRFTF) (FSE:ZZD), Canada’s largest craft cannabis brands organization, has announced the acquisition of a national brand known as Earth Dragon Organics – a leading prelegalization manufacturer and purveyor of small batch cannabis-infused topicals, based in British Columbia. >>Learn more

 

 

Sitka Gold Corp. (CSE: SIG) is pleased to announce that it has acquired the newly road accessible RC Gold Property, located in the Clear Creek district in the heart of the Yukon’s Tintina Gold Belt and within the Tombstone Gold Belt, mid-way between Victoria Gold’s Eagle Gold Project, which is scheduled to begin production this September, and Golden Predator’s Brewery Creek Gold Mine, which recently received Government and First Nation’s support for re-starting production. >>Learn more

 

 

Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF), a provider of high quality cannabis, announced today that the company’s operating results for the quarter ended May 31, 2019, was $5,520,561, compared with $1,141,118 for the quarter ended May 31, 2018. Gross profit for the quarter ended May 31, 2019 was $5,018,399, compared with $606,178 for the quarter ended May 31, 2018. >>Learn more

 

 

Cannex Capital Holdings Inc. (CSE: CNNX) (OTCQX: CNXXF) and 4Front Holdings LLC announce the closing of their merger and the creation of 4Front Ventures Corp.  >> Learn more

 

Integrated Cannabis Company, Inc. (CSE: ICAN) (OTCQB: ICNAF) is pleased to announce that further its press release of July 4, 2019, and pursuant a share exchange agreement dated June 17, 2019 among the Company, Ganja Gold Inc. and the shareholders of Ganja Gold, pursuant to which, the Company will acquire all of the issued and outstanding shares of Ganja Gold. Ganja Gold is a California based State and municipally licensed cannabis manufacturing business. >>Learn more

 

August 1

 

POSaBIT Systems Corporation, (CSE:PBIT) a leading financial technology company delivering unique blockchain-enabled payment processing and point-of-sale (POS) systems for cash-only businesses with a focus on the cannabis industry, today announced that following the completion of its reverse takeover transaction it has begun trading on the Canadian Securities Exchange (CSE) under the ticker “PBIT”. >> Learn more

 

POSaBIT Systems Corporation (CSE: PBIT) is pleased to announce that it has engaged Canaccord Genuity Corp., on behalf of a syndicate of agents, in connection with a private placement offering, on a “commercially reasonable efforts” basis, of up to 16,666,667 units of the Company at a price of C$0.30 per Unit  for gross proceeds of up to C$5,000,000.10. >>Learn more

 

Shoal Point Energy Ltd. (CSE: SHP), today announced a non-brokered Private Placement of up to 19,000,000 units at a price of $0.08 per unit for total gross proceeds of up to $1,520,000.00 >> Learn more

 

 

MYM Nutraceuticals Inc. (CSE: MYM) (OTCBB: MYMMF) is pleased to announce that it has closed a $5.5 million debt financing commitment with Trichome Financial Corp. which will allow the Company to fully fund its strategic plan through 2020. >> Learn more

 

CROP Infrastructure Corp. (CSE: CROP) (OTC: CRXPF) (Frankfurt: 2FR), announces that Elite Ventures Group LLC, a limited liability company organized and existing under the laws of the State of Nevada in which the Company holds a 49% membership interest, has entered into two commercial real estate purchase agreements with Trinity Global Investments LLC dated July 15, 2019, pursuant to which Trinity Global has agreed to purchase certain real property located in Tonopah, Nevada by Elite. >>Learn more

 

 

August 2

 

Bunker  Hill  Mining  Corporation  (CSE:BNKR)  is  pleased  to  announce  that  it  has  closed  the  second 

and  final  tranche  of  the  nonbrokered  private  placement  of  34,665,800  units  of  the  Company  at  $0.05  per  Unit  for  gross  proceeds  of  C$1,733,290  that was previously announced in the Company’s 

June 24, 2019, June 28, 2019  and July 18, 2019 news releases, and the first tranche of which, consisting 

of the sale of  11,660,000 Units, closed on June 28, 2019. >>Learn more

 

Sunniva Inc. (CSE:SNN) (OTCQB:SNNVF), a North American provider of cannabis products and services, announces the closing of its previously announced non-brokered private placement of CAD $5,772,879 for a total of 5,772,879 units of the Company. >>Learn more

 

MYM Nutraceuticals Inc., (CSE: MYM) (OTCBB: MYMMF) announces it has closed the third tranche of its non-brokered private placement, previously announced on July 5, 2019, of 3,602,234 units at a price of $0.324 for gross proceeds of $1,167,124. >>Learn more

 

Ignite International Brands (U.K.), Ltd., a wholly owned subsidiary of Ignite International Brands, Ltd. (CSE:BILZ), today announced that WHSmith, a worldwide retail market leader, has submitted a purchase order and will begin to offer, under exclusive contract, Ignite’s leading CBD products at 276 retail travel stores in the United Kingdom starting August 2019. >> Learn more

 

 

The Ooverall

 

CSE markets opened on a high note at 605.50 on Monday, dropping to 583.16 on Thursday and rising slightly to 597.79 on Friday.

 

The Closing

 

According to the Conference Board of Canada, energy investment will remain weak in 2019 due to a subdued outlook for oil prices. Meanwhile, energy exports are forecast to decline as weak investment and the Alberta government’s production cuts take their toll on future production. Outside of the energy sector, business investment is expected to see a modest pickup but will continue to underperform compared to many trading partners.

 

Posted August 6, 2019

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