Discovery Gold Corp (OTCMKTS:DCGD) just announced it has added Cannabis and Hemp Industry leader Aaron Pelley a member to its Strategic Advisory Board. According to the release, “In this capacity, Mr. Pelley will help with all aspects legal and contract review. Aaron Pelley has played an active role in Cannabis Law for over a decade. He helped build the foundation for legal protections in medical cannabis law and is a leading advocate for the cannabis business. He has also been invited to speak at Legal Education Seminars and Cannabis Conferences throughout the U.S. and has been repeatedly named a “Rising Star” by Super Lawyers and a Top 100 Trial Lawyer by the National Trial Lawyers.”
The stock has been extremely strong in recent action, acting well over the past five days, up about 61% in that timeframe.
Discovery Gold Corp (OTCMKTS:DCGD) bills itself now as a reverse merger play with a cannabis theme, taking on the DBA of GRN Holding Corporation. This new identity emerged in the clear public light after the company announced that it had added venture and financing industry veteran Justin Costello to its Strategic Advisory Board. In this capacity, Mr. Costello is expected to help guide Cannabis Global Inc.’s strategic planning, investments and partnerships in the rapidly growing cannabis industry.
Mr. Costello is the President and CEO of Discovery Gold Corporation (OTC PINK: DCGD) of Seattle, Washington, a fast growing, publicly traded new entrant into the cannabis marketplace. He also manages and is the CEO of GRN Funds, LLC, a private equity and hedge fund that secures banking resources for small to medium businesses and ancillaries.
“We are excited to have Justin Costello join the Cannabis Global Inc. team. His expertise in strategic planning and venture capital will help our growing company to identify potential acquisition partners and the best sources of capital to allow us to meet our aggressive growth plans in not only the industrial hemp sector but also within other areas of the cannabis industry,” commented Arman Tabatabaei, CEO of the Company. “We welcome Justin to Cannabis Global family.”
“Mr. Pelley is a great addition to the team. He understands complex multi-state legal matters, his legal acumen is impressive and his focus points will help the company in specific areas.” commented Justin Costello, CEO of the Company.
We have been very enthusiastic about this story because it represents what amounts to a team of “cannabis all-stars” from the private equity world getting involved in a publicly-traded brand in the market. The result has been fireworks thus far.
CannaRoyalty Corp (OTCMKTS:ORHOF) is another interesting name in the cannabis patch.
The company recently announced that it has divested its 5.1% equity interest in Alternative Medical Enterprises LLC for total consideration of US$6 Million. As Cresco Labs Inc. is prohibited under state law from acquiring additional positions in the Florida market, this divestment was a pre-closing condition to the Company’s previously announced plan of arrangement pursuant to which Cresco has agreed to acquire all of the issued and outstanding shares of Origin House.
ORHOF pulled in sales of $8.4M in its last reported quarterly financials, representing top line growth of 1550.4%. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($29.4M against $25.6M).
CannaRoyalty Corp (OTCMKTS:ORHOF) trumpets itself as a private equity firm specializing in acquisitions. The firm invests in the legal cannabis sector with a focus on research and intellectual property, consumer brands, and industry infrastructure. It seeks to invest in the United States and Canada. CannaRoyalty Corp. is headquartered in Ottawa, Canada.
The company is doing business as Origin House. Origin House is a growing cannabis products and brands company operating across key markets in the U.S. and Canada, with a strategic focus on becoming a preeminent global house of cannabis brands.
The Company’s foundation is in California, the world’s largest regulated cannabis market, where it delivers over 130 branded cannabis products to the majority of licensed dispensaries.
Origin House’s brand development platform is operated out of five licensed facilities located across California, and provides distribution, manufacturing, cultivation and marketing services for its brand partners. The Company is actively developing infrastructure to support the proliferation of its brands internationally, initially through its acquisition of Canadian retailer 180 Smoke.
Origin House’s Common Shares currently trade on the Canadian Securities Exchange (CSE) under the symbol “CRZ” and will trade under the symbol “OH” effective October 23, 2018. Origin House is the registered business name of CannaRoyalty Corp.
NaturalShrimp Inc (OTCMKTS:SHMP) has been launching higher in recent days on a major technical breakout above key resistance on strong catalysts as the stock moves through major moving averages.
The action has been spurred by news that the company has delivered a water treatment system to Bergen, Norway to test the system’s efficacy in reducing or eliminating the bacteria, viruses, and diseases that have decimated both indoor and outdoor aquaculture to date.
According to the release, “the international aquaculture industry is growing annually. The finfish industry is one of the most developed sectors in the industry and its fish farmers are known for being early adopters of new technologies that stimulate sector growth (such as smart-farming platforms, automated centralized feed systems, and new “clean” treatments for wastewater and culture water). The salmon industry, for example, is predominantly using sea cage culture, married with recirculation systems, for smolt and post-smolt production.”
NaturalShrimp Inc (OTCMKTS:SHMP) is developing a technology to produce fresh, gourmet-grade shrimp reliably and economically in an indoor, re-circulating, saltwater facility. Its eco-friendly, bio-secure design does not rely on ocean water, but rather recreates the natural ocean environment allowing for high-density production which can be replicated anywhere in the world.
The context for this announcement is a bit of a bid, with shares acting well over the past five days, up about 63% in that timeframe.
SHMP had no reported sales in its last quarterly financial data. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($818K against $4.8M, respectively).
Gerald Easterling, CEO of NaturalShrimp, commented, “We continue to expand our aquaculture capabilities after our initial focus of bringing shrimp to market, and with this development, we are poised to expand our capabilities to additional species as well.”
David Antelo, CEO of Hydrenesis, said: “We’re happy to provide technology that gives NaturalShrimp control over the oxidation processes that create so much havoc in the tanks. We believe that the key to profitability and success in the aquaculture business moving forward will be in eliminating the devastating effects of oxidation using anti-oxidant (reducing) technologies like ours.”