DENVER, Colo., October 16, 2019- (24/7MarketNews via COMTEX) Venture Market News for October 16, 2019.
Gran Colombia Announces Details for the Forthcoming Quarterly Repayment of Its Gold Notes on October 31, 2019 and the Third Quarter 2019 Results Webcast
TORONTO, Oct. 16, 2019 (GLOBE NEWSWIRE) — Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today the details for the forthcoming quarterly repayment of its 8.25% Senior Secured Gold-Linked Notes due 2024 (the “Gold Notes”) (TSX: GCM.NT.U) as follows:
CleanSpark Delivers Another Record Revenue Quarter
SALT LAKE CITY, Oct. 16, 2019 (GLOBE NEWSWIRE) — CleanSpark, Inc. (CLSK), a microgrid company with advanced engineering, software and controls for innovative distributed energy resource management systems, today announced that it expects to achieve its fourth consecutive record-breaking quarter. The company anticipates reporting sales for the three months ended September 30, 2019 in excess of $2.1 million, as compared with sales of $1.2 million during the three months ended June 30, 2019, $0.99 million during the three months ended March 31, 2019 and $0.26 million for the three months ended December 31, 2018. This represents approximately an expected 75% sequential increase in gross revenue from the prior quarter ended June 30, 2019.
Cresco Labs Recieves Adult-Use Approval for All Five Existing Illinois Dispensaries
Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that it has received Early Approval Adult-Use Dispensing Organization Licenses for all five of its existing Illinois medical cannabis dispensaries. Cresco received approval for adult-use cultivation on September 30th making it the only company approved for both adult-use cultivation and adult-use dispensary operations in the state.
WeedMD Secures Health Canada Licence for 50,000-Square-Foot Purpose-Built Cannabis Processing Facility
TORONTO, Oct. 16, 2019 (GLOBE NEWSWIRE) — WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”), a federally-licensed producer and distributor of medical-grade cannabis, is pleased to announce that it has secured a Health Canada licence amendment approval for its purpose-built processing facility in Strathroy, Ontario. The stand-alone, 50,000 sq. ft. custom-built structure, located on WeedMD’s 158-acre Strathroy property, will dry, process and cure all remaining outdoor-cultivated cannabis in 2019 and is built to process and store more than 40 tons of dried cannabis biomass. Latest Outdoor Grow video here.
Better Choice Company Announces Proposed Offering of Convertible Subordinated Notes
NEW YORK, Oct. 16, 2019 (GLOBE NEWSWIRE) — Better Choice Company, Inc. (OTCQB: BTTR) (the “Company” or “Better Choice”), an animal health and wellness CBD company, today announced its intention to offer, subject to market conditions and other factors, a minimum of $10 million in aggregate principal amount of convertible subordinated notes (the “Notes”) where certain insiders and stockholders are expected to subscribe for a minimum of $2 million or 20% of the proposed offering. The purchasers will also receive warrants (the “Warrants”) to purchase common stock of the Company. The final terms of the Notes and the Warrants, including the initial conversion price, interest rate and certain other terms, will be determined at the time of pricing of the offering. Better Choice intends to use the net proceeds from the offering to close on the acquisition of holistic pet foods leader, Halo, Purely for Pets® (“Halo®”). The acquisition and offering are expected to close by the end of 2019.
Vystar Plans Dividend Spin Off of RxAir
WORCESTER, Mass., Oct. 16, 2019 (GLOBE NEWSWIRE) — Vystar Corp. (Vystar) (OTCQB Market: VYST) announced today that its Board of Directors has approved a plan to spin-off part of its RxAir air purification business as a separate, independent, publicly traded company. Vystar desires to set record and ex-dividend dates shortly, complete the spin-off and commence trading of RxAir in the first part of 2020. This would be the first spin-off for Vystar; a holding company for Rotmans Furniture and Flooring, Fluid Energy Conversion, Nature’s Home Solutions, RxAir air purifiers and owner and creator of Vytex deproteinized natural rubber latex, and developer of environmentally friendly technologies and products.
EnviroLeach and Golden Predator Announce Cyanide-Free Bulk Testing Agreement
VANCOUVER, British Columbia, Oct. 16, 2019 (GLOBE NEWSWIRE) — EnviroLeach Technologies Inc. (the “Company “or “EnviroLeach”), (CSE: ETI) (OTCQB: EVLLF) (7N2: FSE) and Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (“Golden Predator”) are pleased to announce the Companies have entered into an agreement to use EnviroLeach’s proprietary cyanide-free hydrometallurgical technology to extract gold from gravity concentrate produced at Golden Predator’s 3 Aces Project.
First Mining Announces Positive Updated Preliminary Economic Assessment for the Springpole Gold Project
Pre-Tax NPV5% of US$1.23 billion, Pre-Tax IRR of 26% and AISC of US$552/oz
Average Annual Gold Production of 410,000 ounces in Years 2 through 9
This news release constitutes a “designated news release” for the purposes of First Mining Gold’s prospectus supplement dated August 19, 2019 to its short form base shelf prospectus dated June 24, 2019.
VANCOUVER, BC / ACCESSWIRE / October 16, 2019 / First Mining Gold Corp. (“First Mining” or the “Company”) (TSX:FF) (OTCQX:FFMGF) (FRANKFURT:FMG) is pleased to announce the positive results of an updated independent Preliminary Economic Assessment (“PEA”) completed for its 100%-owned Springpole Gold Project (the “Project”) located in northwestern Ontario, Canada. The PEA contemplates an open pit mine and milling operation and reflects updated metallurgical testwork that has demonstrated the potential for significantly improved recoveries. The PEA also reflects updated operating and capital cost estimates.
MediPharm Labs Enters New Beverages and Culinary Lifestyle Market Through Cannabis Concentrate Supply Partnership with Tea and Edibles Company Olli Brands Inc.
TORONTO, Oct. 16, 2019 (GLOBE NEWSWIRE) — MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE: MLZ) (“MediPharm Labs” or the “Company”) a global leader in specialized, research-driven cannabis extraction, distillation, purification and cannabinoid isolation, is pleased to announce its wholly-owned subsidiary, MediPharm Labs Inc. (“MediPharm”), has signed a private label cannabis concentrate supply agreement with Olli Brands Inc. (“Olli”), an innovative leader in the creation and food-grade manufacturing of premium, smoke-free cannabis-infused edibles and teas.
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