Stockwatch reported: “Share prices rose sharply in the first hours of trading, increasing from 65 cents at the open to $2.00, and were at $1.87 as of noon today Eastern Time.
Delta 9 was the fourth company in Canada licensed to legally grow and sell cannabis under the original Marijuana for Medical Purposes Regulations. The Winnipeg company is listing on the TSX-V in order to prepare for the upcoming legalization of medical marijuana.
‘Closing of the transaction represents a significant milestone for Delta 9 as we look to aggressively expand our domestic production facilities and international opportunities,’ said Delta 9’s chief executive officer John Arbuthnot. ‘Ultimately our goal is to raise between $25 and $30-million in additional capital, through a mix of debt and equity, over the next number of months in order to meet the rising demand for our products.’
This year alone the company has constructed 28 of its self-designed grow pods, each of which produces an average of 31,500 grams of high-quality cannabis annually. The current construction project is intended to build out 600 grow pods in its current 80,000-square-foot building in Winnipeg.
Production capacity is expected to increase from the current 1,000 kilograms per year to 17,000 kilograms of high-grade cannabis by 2020…” read more here.
From Energy and Gold:
From Stock Gumshoe, the website that exposes stock teasers for you:
Castle Silver sent this interesting piece around this morning by George Heppel at CRU Insight, regarding cobalt’s shift from metallic products to chemical products:
Metallic cobalt is used for the manufacture of high-temperature superalloys, stainless steels, medical prosthetics, hard-facing products and other niche applications. It is normally sold in the form of 99.8% and 99.3% purity cobalt ingot or cut cathode on the LME, or priced according to price discovery from a wide range of sources.
Cobalt chemicals have many applications, but their most prominent use is in the manufacture of Li-ion batteries. Other key uses include the manufacture of catalysts, pigments, polymers and tyres. The most widely used cobalt chemicals are cobalt oxide, cobalt sulphate and cobalt acetate, as well as other more niche compounds for rarer applications. Read more here.
This is not in any way investment advice nor any sort of stock recommendation. Please do your own due diligence and talk to a qualified investment advisor.
The contents of this article are for informational purposes only. Nothing in this article, in any way whatsoever, should be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy, hold or sell any security. Note the inherent risks when investing in microcap stocks. Prior to making any investment decision, we recommend that you seek outside advice from a qualified and registered investment advisor.
The author does not own shares of the above mentioned companies, nor are they advertising clients.