DENVER, Colo., October 7, 2019- (24/7MarketNews via COMTEX) Venture Market News for October 7, 2019.
CSI Reports Record Revenues and Net Income for Second Quarter
Computer Services, Inc. (CSI) (OTCQX: CSVI) today reported growth in revenues and net income for the second quarter and first six months of fiscal 2020, which ended August 31, 2019.
Solid Production Performance for RNC Minerals September Gold Production of 8,239 oz
Drives Strong Third Quarter Production of 24,216 oz
TORONTO, Oct. 7, 2019 /CNW/ – RNC Minerals (TSX: RNX) (“RNC” or the “Company”) is pleased to announce consolidated gold production of 8,239 ounces for the month of September from its Beta Hunt and Higginsville mines in Western Australia. This is the third month of consistent production following the acquisition of Higginsville and brings total gold production for the third quarter of 2019 to 24,216 ounces. These figures do not include the estimated 1,750 ounces of coarse gold recovered from the Beta Hunt Mine in late September (see RNC news release dated September 24, 2019).
Origin House Subsidiary Trichome Financial Corp. Announces Completion of Amalgamation and Releases Letter to Shareholders
- Trichome Financial expects common shares to begin trading on TSX Venture Exchange on or about October 10, 2019 under the trading symbol “TFC”
- Closing of non-brokered private placement to be used to fund robust pipeline of cannabis credit opportunities
- Near term launch of Trichome Financial Cannabis Private Credit LP will provide scale and launch asset management platform
TORONTO, Oct. 7, 2019 /CNW/ – On October 4, 2019, Trichome Financial Corp. (the “Corporation” or “Trichome Financial“) and 22 Capital Corp. (“22 Capital“) completed a business combination transaction by way of an amalgamation (the “Amalgamation“) of Trichome Financial with 22 Capital to form the Corporation. At a shareholder meeting for 22 Capital on July 4, 2019 and a shareholder meeting for Trichome Financial held on July 8, 2019, the Amalgamation and related matters were approved by the shareholders of each of 22 Capital and Trichome Financial. The Amalgamation constituted the Qualifying Transaction for 22 Capital under Policy 2.4 of the TSXV Corporate Finance Manual. Following receipt of final TSX Venture Exchange (“TSXV“) acceptance of its Qualifying Transaction, it is expected that the Corporation’s common shares will trade on the TSXV on or about October 10, 2019 under the trading symbol “TFC”.
TerrAscend Canada Triples Licensed Cultivation and Processing Capacity
— Health Canada’s approval of additional licensed space at Mississauga, Ontario facility provides significant scale in production and processing.
— Additional licensed cultivation capacity earmarked to further serve the EU and other international markets.
— Newly licensed processing operations readies TerrAscend for Canadian Cannabis 2.0 implementation.
TORONTO, Oct. 7, 2019 /CNW/ – TerrAscend Corp. (CSE: TER; OTCQX: TRSSF) (“TerrAscend” or “the Company”), the first and only global cannabis company licensed for sales in Canada, the US, and the EU, today announced that it has received approval from Health Canada for significant expansion at its facility in Mississauga, Ontario. This approval increases licensed space at the Mississauga facility nearly three-fold from 17,800 sq. ft. to 51,800 sq. ft., and includes additional cultivation capacity, a commercial kitchen, formulation rooms and increased primary and secondary packaging capacity to allow for new product formats and extracts for the Canadian Cannabis 2.0 market.
Gran Colombia Gold Announces Letter of Intent With Bluenose in Respect of Marmato Spin Off
TORONTO, Oct. 07, 2019 (GLOBE NEWSWIRE) — Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) (the “Company” or “Gran Colombia”) announced today, further to the press release of the Company dated September 16, 2019, that it has entered into a letter of intent (the “LOI”) on October 4, 2019 with Bluenose Gold Corp. (TSX-V: BN.H) (“Bluenose”) in respect of the proposed acquisition by Bluenose of certain mining assets (the “Mining Assets”) at the Company’s Marmato Project located in the Department of Caldas, Colombia (the “Transaction”).
Marathon Gold Announces Appointment of Hannes Portmann as Chief Financial Officer
TORONTO, Oct. 07, 2019 (GLOBE NEWSWIRE) — Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce the appointment of Hannes Portmann as Chief Financial Officer, effective October 16, 2019.
Aleafia Health Completes Construction, Secures Full Occupancy at Paris Processing Facility Expansion
- Features initial 115,000 kg of dried flower equivalent annual extraction capacity, with ability for further expansion on-site
- 2,775% increase over Company’s current annual extraction capacity of 4,000 kg
- Brant County granted full occupancy of expanded facility on October 4
- Final stage of securing Licence Amendment underway, with site evidence package to be submitted to Health Canada this month
- 30,000 sq. ft. purpose-built facility to meet EU-GMP standards for exports to EU market
TORONTO, Oct. 07, 2019 (GLOBE NEWSWIRE) — Aleafia Health Inc. (TSX: ALEF, OTC: ALEAF, FRA: ARAH) (“Aleafia Health” or the “Company”) has completed the construction of its Paris Processing facility’s Phase II expansion and secured full site occupancy on October 4, 2019, following the successful completion of County of Brant inspections. The Paris Phase II expansion is a 30,000 sq. ft. facility entirely dedicated to the extraction, production, packaging and distribution of high-margin, value-added cannabis health and wellness products.
K92 Mining Announces Latest Drill Results From Kora, Including Multiple Deep High-Grade Intersections
- Drill Hole KMDD0143 one of the deepest holes drilled to date at Kora/Kora North records multiple intersections including 7.40 m at 23.72 g/t Au, 26g/t Ag and 1.71% Cu (26.67 g/t AuEq) plus 2.00 m at 5.09 g/t Au, 24 g/t Ag and 4.16% Cu (11.77 g/t AuEq) plus 4.3 m at 1.61 g/t Au, 54 g/t Ag and 2.16% Cu (5.61 g/t AuEq)
- Drill Hole KMDD0176, which only targeted the K1 vein, records one of the widest K1 intersection yet encountered of 42.5 m at 7.98 g/t Au, 25 g/t Ag and 0.85% Cu (9.61 g/t AuEq)
- Drill Hole KMDD0141, the deepest hole drilled to date records multiple intersections including 6.90 m at 3.76 g/t Au, 82 g/t Ag and 2.42% Cu (8.51 g/t AuEq) plus 13.5 m at 3.31 g/t Au, 3 g/t Ag and 0.12% Cu (3.54 g/t AuEq) and 6.85 m at 3.15 g/t Au, 4 g/t Ag and 0.15% Cu (3.43 g/t AuEq)
- Drill Hole KMDD0178 records multiple intersections including 5.86 m at 9.30 g/t Au, 8 g/t Ag and 0.20% Cu (9.71 g/t Au Eq) plus 6.80 m at 16.44 g/t Au, 51 g/t Ag and 0.70% Cu (18.16 g/t AuEq)
- Drill Hole KMDD0182 records multiple intersections including 11.33 m at 4.29 g/t Au, 2g/t Ag and 0.89% Cu (5.67 g/t AuEq) plus 12.00 m at 5.05 g/t Au, 16 g/t Ag and 0.18% Cu (5.53 g/t AuEq)
VANCOUVER, British Columbia, Oct. 07, 2019 (GLOBE NEWSWIRE) — K92 Mining Inc. (“K92” or the “Company”) (TSX-V: KNT; OTCQX: KNTNF) is pleased to announce results from the continuing diamond drilling of the Kora North Extension of the Kainantu gold mine in Papua New Guinea.
MedMen to Announce Fourth Quarter and Fiscal Year 2019 Financial Results on October 28, 2019
MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF) plans to release its financial results for the fourth quarter and fiscal year 2019 ended June 29, 2019 after market close on Monday, October 28, 2019.
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