By Christian Granholm
On this day in Canadian history, May 10, 1990: The Canadian Space Agency is created by an Act of Parliament.
Before the Canadian Space Agency was created, Canadian astronauts such as Marc Garneau and Roberta Bondar had to be invited by NASA to participate in space missions.
Almost 30 years later, Canada’s space sector produces revenues of $5.6B and contributes $2.3B to GDP annually. The Canadian space workforce supports close to 12,000 jobs.
Satellite Communication is the most active sector, generating $4.7B. However, Navigation experienced the highest growth, with revenues of $269M.
The CSE welcomes the following new listings this week:
Vapen MJ Ventures Corp. (CSE:VAPN)
Abacus Health Products Inc. (CSE: ABCS.WT)
Rockcliff Metals Corp. (CSE: RCLF)
Crop Infrastructure Corp. (CSE: CROP) completed purchase of the suite of Recreational Cannabis licenses and a 1,012-acre property.
The State of Nevada has granted Recreational Adult Use Cultivation and Product Manufacturing and Distribution licenses for the company’s Esmeralda Cannabis Project. The company is currently constructing a wall around the 40-acre outdoor cannabis cultivation area for 2019 on the 1,012-acre property. Once complete, it is expected to yield 80,000 pounds of +20% per year of THC.
Irving Resources Inc. (CSE:IRV) announce high-grade gold-silver assays from an expedited batch of diamond drill samples from a 7.5 m interval from Omu Sinter in Japan.
“We now see that Omu Sinter has the potential to host high-gradegold and silver like other nearby targets, Omui mine and okuryu mine, on our extensive Omu project,” says their CEO. “Our success at Omu Sinter is a result of the collective efforts of our entire team in Japan. Everyone, including many in the local community of Omu, played a critical role in making this happen.”
MYM Nutraceuticals Inc., (CSE: MYM) has acquired 50% of BioHemp Naturals, a licensed hemp cultivator in the business of cultivating and distributing CBD-rich hemp biomass to licensed producers in Canada.
The company plans to cultivate over 3000 acres of CBD-rich hemp by 2020.
Organic Flower Investments Group Inc. (CSE: SOW) are on step closer to becoming a leading cannabinoid‐infused beer producer.
The Company has entered into a definitive agreement to acquire 80% of CanaBeer. Equipped with custom production equipment, a captive research, development and testing facility, as well as a state‐of‐the‐art brewing infrastructure, they have annual output capacity capabilities of 120,000 hectoliters. By comparison, Canadian brewer Steam Whistle Brewing produces approximately 95,000 HL.
Ignite International Brands, Ltd. (CSE:BILZ) has signed definitive agreements for the manufacture and distribution of CBD products in the United Kingdom with Taylor Mammon & Nathan Limited.
This agreement also includes the option for the Company to expand into other strategic European markets. Taylor Mammon is a leading cannabidiol (CBD) manufacturer and distributor of white label CBD solutions, based in the UK.
Crop Infrastructure Corp.. (CSE: CROP) announced that its investment holding World Farms Corp. has signed an LOI with Graphite Energy Corp (CSE: GRE) to go public via reverse take-over on the Canadian Securities Exchange.
CROP currently owns 10,000,000 shares in World Farms Corp who also announced a $0.30 private placement in connection with the RTO.
First Energy (CSE:FE) intersected 12.1 metre wide cobalt-copper mineralization at their Phyllis cobalt property in Ontario.
“The Company has requested the labs to analyze a few core samples from the mineralized zone for precious metals (gold, platinum, palladium),” stated their CEO.
MegumaGold Corp. (CSE: NSAU) announce that through its initial reverse circulation drilling program it has established anomalous gold over a one kilometre strike length in the Killag East area of the company’s Killag exploration property.
MegumaGold holds 180,754 hectares of prospective mineral titles in Nova Scotia, representing more then 466km of anticlinal coverage. With its massive land package the company firmly believes that we are in the first wave of a new golden era in Nova Scotia that has been ushered in by an understanding of how gold is hosted within the Meguma terrane , similar to Atlantic Gold’s Touqouy deposit. Killag is just the first in MegumaGold’s developing pipeline of emerging deposit assessments.
Alternate Health Corp., (CSE:AHG) signed a joint venture agreement with Oltecate Enterprises, a COFEPRIS-licensed Mexican CBD distributor, with an eye for expansion throughout Latin America.
“With this acquisition, we are taking another major step in consolidating the global CBD market,” says Howard Mann, CEO of Alternate Health. “We now boast the addition of nation-wide Mexican CBD licenses to our hemp-based medical product assets, including extraction, distribution and product development.”
Monterey Minerals Inc. (CSE:MREY) has completed the purchase of CTTR Mining Tenements, which owns seven tenements encompassing over 525 square kilometres in the Pilbara region of Western Australia.
They’ve also purchased the Cobalt Mountain Project located in the Omineca Mining Division near Smithers, BC.
Rockcliff Metals Corporation (CSE: RCLF) closes asset acquisition and funding totaling $28.7 million to become a leading Manitoba based development and exploration company. The common shares of Rockcliff commenced trading on the CSE on May 8, 2019.
It was a week of gains, clawed back by corrections. Uncertainty in the US/China markets creeped slowly northward, but on the whole, the CSE managed to avoid the large dips crashing the American markets. We opened Monday at 886.71, to close slightly lower on Friday at 868.33.
Always Be Closing
Justin Trudeau tried to rally some support for Canadian farmers this week, as China tanked our canola crops. The ongoing trade war between the US and China is affecting our markets negatively. 40% of our canola goes to China.
“China is simply using sanitary concerns as an excuse to prolong what is fundamentally a conflict, not even with Canada, but between the two largest economies in the world,” Trudeau said.
Meanwhile, Atlantic Equities upgraded its rating of Merck on Monday, saying it is “best positioned” for growth among large pharmaceutical companies that the firm believes are protected from the U.S.-China trade war.
“Amid oversold conditions in a sector we believe can provide a source of defensive growth that is insulated from trade-related volatility and a recent pullback in the shares, we upgrade MRK to overweight,” says Atlantic analyst Steve Chesney.
So it’s not all doom and gloom for Canadian shareholders – the trick right now is to hold the stocks that aren’t unduly affected by the two bullies squaring off with each other.
You know who isn’t affected by the trade war? Canadian pot companies, that’s who. We’re not exporting weed to China, and the US isn’t slapping tariffs on our cannabis.
So let the freedom dollars roll into the CSE, thanks to our stable, untouched and duty free cannabis stocks. Vive la Canada!
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