By Christian Granholm

This week in Canadian history, May 20, 1980: ‘Canada’s Brexit’ is defeated in Quebec, thank you very much.

A referendum is held in la belle province on a proposal for sovereignty that would have split the country in two.

Absent Nigel Farage and his silly bus, cooler heads prevailed, with residents voting 59% against the proposal, 41% in favour.

A second referendum will be held in 1995, proving that a stupid idea is worth trying twice.

New Listings

The CSE welcomes the following new listings this week:

Inner Spirit Holdings LTD. – Warrants and Debentures (CSE:ISH.wt and ISH.DB)

May 20th

Body and Mind Inc. (CSE: BAMM) completes oversubscribed CAD$10 million financing.

“The financing was originally planned for gross proceeds of up to CAD$10 millionand we are extremely pleased with the increased interest which will allow us to accelerate our growth as a multi-state operator,” says their President, Robert Hasman.

May 21st

New  Jersey  Mining  Company (CSE:NJMC) announced favorable assay results from two core  holes. Results returned 5.1 g/t gold over 3.1 meters from a depth of 128.1 meters in the first hole and returned 11.2 g/t gold over 1.1 meters from a depth of 130.5 meters in the second.

The Yield Growth Corp. (CSE:BOSS) ships first Urban Juve products to China for sale through artificial intelligence enabled kiosk in Hong Kong. Transactions will be handled through luxury PopSquare kiosks, which will rotate through six different high traffic destinations in Hong Kong.

Rockcliff Metals Corporation (CSE: RCLF)  announce  assay  results  from  its  recently  completed Phase  Two  winter  drill  program  in  Manitoba.  Results include 17.95% ZnEq across 5.7 metres and 15.03% ZnEq across 4.42 metres.

PreveCeutical Medical Inc.(CSE:PREV) announces their research team at the University of Queensland has been granted the necessary approvals from a local hospital to acquire human nasal mucosal tissue for the final phase of the cannabinoid-based, soluble gel drug delivery research and development program.

Rise Gold Corp. (CSE:RISE) announce additional assay results from on-going diamond core  drilling at the Idaho-Maryland Gold Project.

The  exploration  drill  program continues  to  intercept  high-grade  gold  mineralization in  multiple vein structures downdip from historic workings. Results include 46.3 gpt gold within broader interval assaying 9.4 gpt gold over 5.94 m.

May 22nd

ICC International Cannabis Corp. (CSE: WRLD.U) and Organic Flower Investments Group Inc.(CSE: SOW) have entered into definitive agreements  with the Toronto Wolfpack and HowlBrands to manufacture and distribute a suite of athlete-focused, CBD performance products. Under the terms of the agreements, ICC and Organic Flower will become TWP’s exclusive international and North American manufacturing and distribution partners. 

ICC International Cannabis Corp. (CSE: WRLD.U) has completed a US$1.5 million strategic investment into the Indus Cannabis Company Corporation, a private entity actively pursuing cannabinoid commercialization in India, opening the door to sell cannabis to the vast Indian patient population.

Atlas  Blockchain  Group  Inc.(CSE: AKE) has has  closed  a  second  tranche  of its  recently  announced  private  placement,  raising  total  gross  proceeds  of $10.1M for a proposed acquisition of an Israeli cannabis operation.

AREV Brands International Ltd. (CSE:AREV) has contributed DNA samples from select BC Bud Depot genovars to the inaugural batch run on the world’s first Bead Array genotype chip to be designed specifically for the cannabis genome.

The Illumina Infinium HTS microarray, designed and wholly owned by Lighthouse Genomics Inc., allows up to 96 samples to be economically tested in a single batch run. Through its holding BC Bud Depot, AREV has entered into a LOI to undertake genetic quality screening of all BC Bud Depot strains and genovars. This advancement in genomics technology provides BC Bud Depot access to what is now the world’s most efficient and cost-effective method of gathering quality, targeted data from the cannabis genome.

May 23rd

Matica Enterprises Inc. (CSE:MMJ) takes the first steps to enter the Canadian adult-use cannabis edibles  market with the purchase of Trichome Treats Inc. Matica will work with Trichome and their  award winning chocolatiers to produce a full range of adult-use cannabis infused  roducts. Offerings  will  include cannabis edibles, beverages and infused derivatives, in anticipation of expected legalization of edibles in October of this year.

One World Lithium Inc. (CSE:OWLI) updates on their 14,000 foot drilling program in Mexico. The drill rig has been mobilized to the site and drilling of the first hole started May 23rd.

The geophysical, geochemical, and geological pre-drilling programs identified geochemical anomalies that cover 150 square kilometers; three highly conductive geophysical zones,of  which  two may  be more than 100 and 200 meters thick.

Leviathan Cannabis Group Inc. (CSE: EPIC) will initiate legal action against the Town of Pelham, Ontario following Town Council’s vote to deny the Company a bylaw exemption.

The said by-law restricts the use of land for cannabis related purposes for one year to provide the Town of Pelham with time to review its land use planning policies and regulations pertaining to cannabis related uses. The decision to begin litigation against Pelham follows an exhaustive process in which Leviathan worked cooperatively and transparently with town officials, and the town’s own Department of Community Planning & Development recommended to council that Leviathan’s exemption application be approved.

May 24th

Integrated Cannabis Company, Inc.(CSE: ICAN) has acquired all of the issued and outstanding  shares of TargetCo, to become the owner of a cannabis cultivation business and license in Nevada.

The Overall

Trend continued at a steady decline this holiday week, with a bounce beginning on Friday that continues to surge for now. Opening at 814.52, to close at 783.43.

Always Be Closing

The Chinese yuan and American dollar are slumping amid their ridiculous and ill-conceived trade war. The yuan is at a 4 year low, and the American Feds are trying desperately to halt the devaluation of their own currency.

Meanwhile the Canadian dollar is stable, thank you very much.

Hovering around 74 cents US since the start of the year, the loonie is a solid alternative to the silliness currently embroiling our largest trading partners.