By Christian Granholm
As the sun streams through the windows of my office overlooking Vancouver harbour, I’m reminded that October 6th is the single wettest day in Canadian history. Nearly 20 inches of rain inundated the tiny, unsuspecting community of Uculet on Oct.6th, 1967; a meteoroligical record that stands to this day. Fingers crossed we don’t break any records this year.
The weather on the West Coast mirrors what’s been happening in the CSE last week: a couple of dark clouds on the horizon, but the occasional sunny breaks make it all worth living.
We begin with pot stocks, the darling of the exchange of late. Alliance Growers Corp (CSE: ACG).and Cannabis Biotech Complex gain final governmental approval to build their massive 62,000 sq foot, one-of-a-kind cannabis facility outside of the Dewdney Dyke in the Fraser Valley. The revolutionary extraction facility will feature a DNA botany lab and an invitro plant production system which allows more plantlets to be produced in less space and less time.
C21 Investments (CSE CXXI) and Silver State Relief extend their closing of cannabis license transfers to the end of this year.
MGX Minerals (CSE:XMG) deploy a rapid lithium extraction system. The commercial
scale 750 barrel per day system will accept wastewater brine from multiple clients, conveniently located at the Alberta oilsands.
Your morning cup of joe just got a little more weird. PUF Ventures Inc. (CSE:PUF) announce the succesful formulation and test of hemp based coffee creamer. The non-dairy creamer comes with all the healthy benefits of cannabidiols including: healthy omega-3 and omega-6 fatty acids, iron, vitamin E, and essential amino acids.
Copper Reef Mining Corporation (CSE: CZC) finds high grade gold/silver tellurides. Gold values from eight samples of the vein ranged from 5.66 g/t gold to 48.11 g/t gold.
We will accept no argument that the best company name for 2018 is Peekaboo Beans (CSE:BEAN). The children`s apparel brand will leverage their robust social media presence to shift their selling strategy towards “social retailing“. Never underestimate the power of thousands of moms with phones – it worked for Tupperware.
Wildflower Brands (CSE:SUN) sees 300% growth in 1 year, breaking through the million dollar ceiling. Hawking plant-based products in over 150 retail locations in Washington State has proven their business model and the company has plans to bring a new 12,000 sq. foot facility online soon. As they cautiously dip their toes into this emerging market, this one is worth watching to see what springs up.
We`re always happy to see companies expand their trading exchanges. XORTX (CSE:XRX) commneced trading on the OTCQB Venture Market. The biopharmaceutical company is fighting the good fight by developing innovative therapies to treat progressive kidney disease. They recently submitted a new drug called Xrx-008 for FDFA approval.
For the week the CSE Index closed up slightly to 983.63 from 977.01.
The CSE welcomes New Listing:
Intella Equity Inc. (CSE:IEQ)
SONA Nanotech Inc. (CSE:SONA)
As the week closes we suggest you look to the heavens to see the Draconid meteor shower which will peak in the late evening of Tuesday, October 9,
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