Canadian Gold Corp (STRRF)

[wingtrade]

Even the Walters announcement buried the lead somewhat, calling him “a senior management consultant to private and public companies within the mining and agricultural industries", and noting he "specializes in due diligence as it relates to a variety of consumer and agricultural products, particularly in relation to Marijuana for Medical Purposes Regulations (MMPR),” before moving on to his investment financing background.

Pretty good chance he’s not being asked to set up a wheat farm.

Satori owns 100% of a mine not far from a Hudson Bay Mining and Smelting facility in Flin Flon where government-contracted mine-based marijuana grow ops supplied around 20% of the regulated Canadian market before they were shut down in 2009. The reason for the closure was the inability of the growers to agree a long term lease with HBM, and that put around twenty people out of work.

The US state of Colorado announced yesterday, having recently allowed medical marijuana, that it had taken in $2 million in tax revenue in the first month of legalized operations. It joins an increasing number of US states moving toward relaxation of marijuana restrictions and taxation of the proceeds.

Mine-based grow operations are considered more secure, better protected from accidental propagation in surrounding areas, and easier to control from a climate standpoint than traditional grow operations.

http://www.stockhouse.com/news/natural-resources/2014/03/12/satori-resources-v-bud-makes-not-so-quiet-mine-based-medical-marijuana-shift