As the week opens we are reminded that on October 19 is the 30^th anniversary of  “Black Monday” on the New York Stock Exchange, as stock prices plummet spectacularly. In a single day, the U.S. Dow Jones Industrial Average falls by 22%. The stock market crash sends shock waves around the world.

At the Toronto Stock Exchange, the TSE 300 Composite Index drops sharply by more than 11%. Single-day losses in Canada amount to $37 billion. It will be two years before the market index returns to pre-crash levels.

Monday October 16

Global UAV Technologies Ltd. (CSE: UAV) (OTC: YRLLF) (FSE: YAB2) is pleased to announce that it has been chosen by the Fallen American Veterans Foundation, Inc. to provide survey services and custom UAV solutions to aid in their efforts to search and recover U.S. Military Personnel Missing in Action worldwide. Global UAV will commit the availability of its specialized UAV-MAGTM system and other technology and equipment to assist in the search and recovery of the missing aircraft and their crews.  FAVF has received funding and logistics support for its search and recovery efforts from both private donors, the U.S. Department of Defense and the U.S. Coast Guard.

Tuesday October 17

Consolidation in the Marijuana sector continues with Canada House Wellness Group Inc.’s (CSE: CHV) wholly owned subsidiary Abba Medix Corp. and Nutritional High International Inc. (CSE: EAT) (OTCQB: SPLIF) (FRANKFURT:2NU) have entering into a  joint venture to manufacture cannabis oil extracts and cannabis-infused products in Canada under the Access to Cannabis for Medical Purposes Regulations (Canada)

Tower One Wireless Corp (CSE: TO) (OTCQB: TOWTF) (Frankfurt: 1P3N) expands its Mexican market by announcimg it has signed a letter of intent to acquire a Mexican-based private tower company. The Mexican-based tower company, which owns, builds and leases cellular towers to the telecom industry in Mexico, includes a Master Lease Agreement with AT&T permitting it to be granted direct Build-To-Suit opportunities for AT&T.  Alex Ochoa, CEO, stated “This acquisition will be a great addition to Tower One’s strategy of entering into multiple jurisdictions that offer consistent annual infrastructure growth. We will now have the opportunity to work with one of the global leaders AT&T which is expanding its worldwide business. Since going public in Q1 2017, we have initiated our expansion program into three countries.”

Wednesday October 18

Imagin Medical, Inc. (CSE: IME) (OTC PINK: IMEXF) (Frankfurt/Stuttgart Stock Exchanges: DPD2) closes a $1,000,000 Private Placement to fund its  upcoming pilot study entitled, Near Infrared Fluorescence Imaging for Bladder Cancer Detection, which is sponsored by Dr. Edward Messing, Chair of Urology at the University of Rochester Medical Center, and the study’s principal investigator.  The primary purpose of the study is to determine the minimal dwell time needed for adequate detection of hexaminolevinulate HCL avid tumors using protoporphyrin IX (PpIX) near infrared fluorescence.

Marapharm Ventures Inc.  (CSE: MDM) (FSE: 2M0) (OTCQB: MRPHF) increases its stake in Veritas Pharma Inc. by purchasing  1.5 Million shares.  “Veritas Pharma Inc. is a discovery and IP development company which advances the science behind medical cannabis. Veritas has applied to Health Canada for a cultivation license. In addition, Veritas’s team of 27 doctors, scientists and associates work tirelessly researching and testing strains of cannabis that control and reduce nausea. The growing number of patients undergoing chemotherapy and radiation is driving the market for anti-nausea medication. Transparency Market Research states that this market will reach a valuation of more than $2 billion within 2 years. 

The objective is to discover the most effective chemistry and delivery for these types of medications to bring relief to millions and for Veritas to be a leader in this area of patient comfort. With the assistance of Veritas we intend to advance the strains of cannabis and believe that with our unique vertical grow system yields and quality will be maximized. There is distinct synergy with Marapharm and Veritas to enhance our corporate and shareholder value. ” Linda Sampson, Marapharm CEO.

Thursday October 19

Peak Positioning Technologies Inc. (CSE: PKK) today announced that its Chinese subsidiary, Asia Synergy Data Solutions and China Auto Industry Development Ltd have signed an agreement to have CAID use the Cubeler commercial lending platform, managed by ASDS, as a solution to have its purchase orders financed.

CAID is one of China’s largest distributors of components that go into the making of various auto parts such as shock absorbers and steering systems. CAID sources components from over 400 suppliers and sells to close to 100 car manufacturing product procurement companies all over China.

Mobovivo, a subsidiary of ePlay Digital Inc. (CSE:EPY), announces that it has executed a development, licensing and revenue sharing agreement to power new apps from 3-WORX.  3-Worx has launched a subscription-based model for gaming and is adding new games to its platform with the help of Mobovivo. 3-WORX will utilize the technology, team and expertise at Mobovivo to deliver innovative technology solutions for the marketplace. 

Friday October 20

Tartisan Resources Corp. (CSE: TTC) announces that a “Definitive Agreement” has been signed with Canadian Arrow Mines Limited (TSX.V:CRO) – whereby Tartisan will acquire all of the issued and outstanding common shares of Canadian Arrow Mines Limited. Canadian Arrow is a nickel and copper developer with projects near Kenora Ontario

The CSE Index closes the week down from 743.16 to 726.53

As the week closes we join Canadian Music Lovers in mourning the loss of Gord Downie of the Tragically Hip. He was the voice of a generation of Canadians and defined a sense of Canada and what is meant to be Canadian.