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The latter is more realistic imo. Several catalysts before EOY should send it there easily.
HEXO acquires interest in 2M sq. ft. facility in Belleville, Ontario to create R&D and manufacturing centre of excellence
GlobeNewswireSeptember 10, 2018, 10:54 AM MDT
GATINEAU, Quebec, Sept. 10, 2018 (GLOBE NEWSWIRE) -- HEXO Corp. (“HEXO” or the “Company”) (HEXO.TO) has announced the acquisition of an interest in a 2,004,000 sq. ft. facility in Belleville, Ontario. This is the first facility of the Company to be established outside of Quebec, further delivering on its national expansion strategy and providing capacity for the manufacturing of advanced cannabis products, including cosmetics, vapes, non-alcoholic beverages and other edibles.
The centralized location, conveniently located along primary shipping routes in Ontario, presents the opportunity to process and distribute products and to fulfil commitments across Canada. The space also supports the Company’s hub and spoke model. Its scalability, flexibility and location are ideal to deliver on anticipated future joint ventures with Fortune 500 companies for cosmetics, edibles, vapes, and more, positioning it to become a centre of excellence for all of HEXO’s joint ventures. HEXO’s expansion will also lead to the creation of jobs and a rejuvenated employment sector for the area.
The building, previously used as a Sears distribution centre, will be owned in a joint venture with Olegna Holdings Inc. Initially, HEXO plans to lease up to 500,000 sq. ft. of the space from the joint venture. The proposed use of the building is conditional on the city approving the rezoning application.
“There is a skilled workforce in the Belleville area, and we look forward to capturing it,” said Sebastien St-Louis, HEXO’s co-founder and CEO. “We are investing in the region and its people with a view to achieving a sustainable national presence. For the first time, we are stepping out of our home province of Quebec and are committed to and demonstrating our commitment to serve and expand across Canada. And we are keeping future partnership and international opportunities in sight for the near future.”
The building is owned by Belleville Complex Inc., a joint venture in which HEXO will hold a 25% interest and Olegna Holdings Inc. will hold a 75% interest. In addition to its initial lease of 500,000 sq. ft. of the space under a long-term lease, HEXO will have rights of first offer and first refusal to lease the remaining space in the building. As part of the transaction, HEXO has loaned $20,000,000 to Belleville Complex to acquire the building. The loan will be repaid within 120 days from September 7, 2018, and as of October 7, 2018, will bear interest at an annual rate of 4%, which interest shall be payable monthly. The loan is secured by a first mortgage over the building. The transaction is subject to the satisfaction of certain conditions and is scheduled to close on October 12, 2018.
The transaction is considered a “related party transaction” within the meaning of Multilateral Instrument 61 - 101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101”) because Mr. Vincent Chiara, a director of HEXO, holds a majority interest in Olegna Holdings Inc. HEXO is relying on applicable exemptions from the minority approval and valuation requirements of MI 61-101 on the basis that neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction exceeds 25% of HEXO’s market capitalization. The terms of the transaction have been reviewed and approved by the independent directors of the Company, and the rental rates for the facility were supported by estimates from independent appraisers.
Yup, that clip was from Thursday when he was on BNN. Lots of good news in the pipeline. Looking forward to multiple events to occur before EOY. $HEXO
Gap filled
Yup, mine had it at $9.23 but now has it at $8.25...regardless going to be a interesting day.
$HEXO
Boom! Now that’s a power hour.
$HEXO
13. Offering and Sales Amounts
Total Offering Amount $25600000 USD
Total Amount Sold $23600000 USD
Total Remaining to be Sold $2000000 USD
Almost there...a little news with the conversions almost done could see a beauty in the making.
Another 8% gain today on LJ after yesterday....beauty!!
Boom! High volume on the CDN side of this.
Giddy up!
As a result of conversions and exercises of certain of the Company’s securities, as of August 1, 2018, the Company had 3,000,000,000 shares of common stock issued and outstanding. The Company’s Certificate of Incorporation, as amended, authorizes the issuance of only 3,000,000,000 shares of common stock. As a result, until the authorized number of shares of common stock is increased or a reverse split of the common stock is effected, or both, the Company will be unable to issue any additional shares of common stock.
JMU Announces ADS Ratio Change
PR Newswire
PR NewswireAugust 1, 2018, 12:00 PM GMT
SHANGHAI, Aug. 1, 2018 /PRNewswire/ -- JMU Limited (the "Company" or JMU") (NASDAQ: JMU), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced that it has changed the ratio of its American depositary shares ("ADSs") to ordinary shares, par value US$0.00001 per share, from one (1) ADS representing eighteen (18) ordinary shares to one (1) ADS representing one hundred and eighty (180) ordinary shares, effective on July 31, 2018.
For JMU's ADS holders, this ratio change has the same effect as a one-for-ten reverse ADS split. Each JMU's ADS holder of record is required to exchange every ten (10) ADSs then held for one (1) new ADS. There is no change to JMU's underlying ordinary shares, and JMU's ADS will continue to trade on NASDAQ under the symbol "JMU."
This ratio change increases the market price per ADS of the Company, helping the Company to regain compliance with NASDAQ minimum bid price listing requirement.
Updated SS:
Share Structure
Market Cap
Not Available
Authorized Shares
Not Available
Outstanding Shares
1,915,881
07/31/2018
@seamuslaganRH after paying $12k for QB status your going to lose it?
— Jeff E 🍎 (@U_W_E_Y) July 27, 2018
Stock price needs defibrillator...better hurry.
1.3 mil buys
450,000 sells.
Some accumulation going on.
Yup it was a beauty. Up 16% on the Venture with 1.8 million volume.
Volume is increasing
16.67% @.14 CDN
Possibly....insiders loading up? Remains to be seen but there is some big blocks going through.
Big volume on TSX side again today
Someone was loading today and well I guess we know who was last Friday lol
Buys 498,274
Sells 16,000
4.3% on Canadian side. Volume before price so all in all a good day.
Volume on the TSX: Buys 461,974 sells 16,000
Great video, thanks!
Website says 104 but not sure how up to date it is. Regardless it’s still small and won’t take much to move it.
The SS is still very reasonably small so I think any kind of news will send it flying. But yes any type of catalyst will be welcomed.
I see that on Friday. Nice chunk!
Yup not bad above the daily average.
Took a starter on the TSX side.
I see you found it, I am just checking out the Canadian side of it. LJ on the venture exchange...has a little more volume on this exchange.
This Unknown Mining Stock Could Be Worth 600% or More Based On Upcoming Catalysts
By
Published: July 11, 2018 7:40 a.m. ET
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July 11, 2018 (ACCESSWIRE via COMTEX) -- Substantial Gold And Copper Deposits In Ecuador Are Getting Renewed Attention As This Formerly Closed Region Sees A New Government Open To Foreign Investment. One Of The Biggest Gold Wins Of The Last Decade, Fruta Del Norte, Was Acquired For $1.2 Billion And Parent Company's Stock Ran From $0.40 To $40.00. More High-Profile Deposits In This Region Are Seeing Construction. Lucky Minerals (LJ) (LKMNF) Is Beginning Exploration Of A Promising Concession Just 40km From Fruta Del Norte, And With Similar Geologic Features. In The Coming Months, The Company Will Complete Initial Exploration Efforts, Including An Aerial Geophysical Survey, Which Should Give Investors A Good Idea Of What This Concession Could Be Worth. A Similar Company In The Region, Aurania (ARU), Is Also Undergoing Exploration, With A Very Similar Concession. This Company Is Already Valued At $70 Million As It Is A Well-Known Issue, Implying A Possible 7X Of Upside For Lucky If Investors Pick Up On The Similarities.
NEW YORK, NY / ACCESSWIRE / July 11, 2018 / An emerging mining company with an intriguing mineral concession in Ecuador could be on the verge of discovery by the public markets. All signs point to Lucky Minerals' (LJ) (LKMNF) recently acquired Fortuna concession in the Azuay province as being a potential cash cow, as it is situated close to and on ground similar to well-known Fruta Del Norte, which was the subject of Aurelian Resources Inc.'s atmospheric rise a few years ago, from $0.40 to $40.00, before being acquired at $1.2 billion.
The region, known more for oil and gas production, is going through a major geopolitical sea change after their most recent elections, and the new government is encouraging foreign investment; specifically a more mineral friendly legislation. Lucky's new exploration project could be perfectly timed - it is within 40km of some major existing deposits, and in the coming months this junior miner could be primed for some price discovery by investors.
If a similar company in the region - and in the same stage of exploration - is any indicator, LJ could be worth 600% more than where it trades today, and the second half of 2018 could make Lucky's current $0.10 stock price quite attractive.
Ecuador Is Open For Business
Ecuador, better known for oil and gas production, is emerging as home to some of the largest gold and copper deposits and exploration efforts globally.
A new and more stable political situation, with President Lenin Moreno seated in 2017, has spurred new investments from major companies. BMI Research expect this small nation to emerge as a mining investment hot spot in Latin America thanks to a combination of revised regulatory framework, significant gold and copper reserves, and a more foreign- and business-friendly development policy.
In fact, the country expects mining investments to increase by 360% in the next four years as the government creates a stand-alone mining ministry and relaxes some prohibitive taxes from the last decade. That's lead increased investment, and BMI expect the value of this emerging industry to climb from $1.1 billion in 2016 to $7.9 billion in 2021.
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Promising Exploration Already Underway In The Region
The tale of Aurelian Resources Inc. and their Fruta Del Norte claim in Ecuador is, in fact, one of the most well-known stories of junior miner success of the last twenty years. The project is one of the world's biggest recent gold findings, with reserves estimated at almost 5 million ounces, plus 6.3 million ounces of silver.
Aurelian was a small unknown company before disovering the Fruta Del Norte deposit in 2006, and saw its stock climb from $0.40 to over $40.00 in the following years! The company was acquired by Kinross (K) KGC, -1.08% in 2008 for $1.2 billion, and after some struggles with the local government, the concession was then sold to Lundin Gold Inc. (LUG) in 2014.
That's just the beginning of promising exploration projects and deposits in the region, where major mining players already have a growing foothold. Beyond Lundin Gold, China National Rail has begun construction at Mirador, and Solgold (SOLG) (SOLG) owns 85% of the Cascabel project, a joint venture with Cornerstone Capital Resources (CGP). While prohibitive regulations had stymied exploration for years, this region is opening up in a whole new way, with huge untappted gold and copper potential.
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Lucky's Fortune Property Could Deliver In a Big Way
Southern Ecuador is home to a prolific mineral belt, and Lucky Minerals' Fortuna claim is just 40km from Fruta Del Norte and Mirador. This 550 sq. km concession is situated on a similar N-NE-trending geological structure, and it is newly acquired from a private company that squatted on the ground for the last 10 years despite discoveries being made in the area surrounding - it's a pitch perfect project for discovery work by Lucky, having received no modern exploration or drilling, despite similarities to other major deposits in the area. The concessions have had placer mining for gold for hundreds of years, but formal exploration has been sporadic in the last thirty.
The Fortuna property has considerable potential for gold and porphyry mineralized systems, and Lucky is preparing for initial exploration efforts this summer.
Detailed mapping, sampling and assaying of 4 targeted areas will be undertaken starting in mid-July.
This field program will be followed by an airborne magnetic geophysical survey in September to complement previous satellite imagery and identify and prioritize additional targets in all 12 of the Fortuna concessions. This is quite similar to the process that Aurelian went through before the Fruta discovery.
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Apex Geoscience, in a NI 43-101 report from last year said, "Fortuna warrants aggressive exploration based on known historic results within & around the property, recent geologic reconnaissance, along with known favorable geology, alteration and structural setting."
The decision to acquire Fortuna was made by Lucky's new board of directors and technical team following a restructuring in 2016/17, and the Fortuna project remains their top priority. Yet, the company also controls a promising historic mining area near Livingston, Montana called Emigrant Creek.
Aurania Comparison Suggests 600% Of Upside With Exploration?
As a junior miner, LJ trades at a market value of just $10 million due to the inherrent exploration risk. Lucky, for instance, will need to finance their coming exploration projects, would could prove dilutive to current investors. An investment in any junior miner should be considerd high-risk, high-reward, no matter how promising. More established Canadian miners like Centerra Gold Inc. (CG), Osisko Mining Inc. (OSK), and First Quantum Minerals Ltd. (FM) may be a safer option.
Meanwhile, Aurania Resources (AUIAF) (ARU) is an early-stage explorer also pursuing an Ecuadorian concession in the same general region with a $70 million market capitalization. The difference, in this case, may be all about one person - CEO Dr. Keith Barron also captained Aurelian Resources when they first discovered the windfall Fruta del Norte deposit in 2006. He's back for a second run at this prolific region, and the difference in market value between these two similar juniors could close very quickly in 2018. For LJ, that could mean a 2-7X move from today's prices - to $0.70, where Lucky would have the same market value as ARU!
Junior miners are known for rapid moves and can make for especially interesting trades as they move more on news than on financials, as exemplified by the ongoing saga of Northern Dynasty NAK, -1.94% as they attempt to secure legal permissions in Alaska. LJ, meanwhile, is just beginning exploration and these results in the coming months could be the catalyst for investors to find this under-followed name.
About One Equity Stocks
One Equity Stocks is a leading provider of research on publicly traded emerging growth companies. Our team is comprised of financial professionals that strive to find the companies and management teams that will outperform the market and deliver investment returns to our readers. We are not a licensed broker-dealer and do not publish investment advice and remind readers that investing involves considerable risk. Readers should look at this piece as an advertisement. One Equity Stocks encourages all readers to carefully review the SEC filings of any issuers we cover and consult with an investment professional before making any investment decisions. One Equity Stocks is a for-profit business and is typically compensated for coverage of issuers. In the case of Lucky Minerals, we are reimbursed for actual costs of this distribution and receive $50,000 CAD per month for up to six months for advisory services. We may receive additional compensation in the future. Please contact us at info@investorclick.net for additional information or to subscribe to our intelligence service.
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http://www.accesswire.com/img.ashx?id=504980
Needed a consolidation day. 4 green soldiers in a row...it was due for a red one.
This is a message board and it’s for entertainment only. If your looking for advice on here you can just burn your money right now. Never believe any message including this one
$PED looking good going into EOD
Nice SS: Outstanding Shares
7,278,754
03/27/2018
If this is correct.
We are very determined to create value for our shareholders and believe we have clearly disclosed the financial condition of the company as we rebuild. I firmly believe future investment will be on much better terms. Shares are being issued to extinguish debt. Good for everyone.
— Seamus Lagan (@seamuslaganRH) July 16, 2018
Pareto coverage = $32/share
#SDRL buy rec from Pareto. $SDRL pic.twitter.com/CamU3m2jdP
— EasyBrent (@EasyBrent) July 13, 2018
I believe this demonstrates that we are making progress at Rennova https://t.co/9VWoEVHqU3
— Seamus Lagan (@seamuslaganRH) July 12, 2018