As many parts of the country begin to emerge from COVID-19 lockdowns and restrictions this week, the Canadian economy continues to trend steadily upward.
The Canadian dollar remained steady compared to last week, rising fractionally during the week before returning to US$0.81/C$1.00 today, according to the Bank of Canada.
The S&P/TSX Composite index, down slightly from its record high of 20,285.24 points last week, has risen 3.31 per cent in the past month and is sitting at 20,215.27 points as of 2:28 pm ET.
Our TMH investor audience showed interest in several stories this week in cannabis, mining, industrial materials, and consumer companies.
Here’s a look at the top five stories of this week.
Delta 9 Cannabis (TSX:DN) introduces “Joints for Jabs” vaccine reward program
On Monday, Delta 9 Cannabis announced the launch of a vaccination reward program called “Joints for Jabs.” The program is designed to encourage Manitobans to become fully vaccinated with two doses of a COVID-19 vaccine.
Starting Monday, June 21, 2021, people who have received two doses of a COVID-19 vaccine are eligible to enter into a vaccine rewards program at any Delta 9 Cannabis Store location in Manitoba.
“We want to encourage all Manitobans to get vaccinated as soon as possible to help ensure that we can all get back to doing the things we love with our friends and family,” said John Arbuthnot, CEO of Delta 9.
Shares in Delta 9 Cannabis Inc. (DN) opened at $0.45 per share on Monday, hitting a low of $0.43 per share on Wednesday before climbing back to $0.46 per share as of 2:42 pm ET on Friday.
Tanzanian Gold (TSX:TNX) makes new gold zone discovery at Buckreef Gold
Also on Monday, Tanzanian Gold announced the discovery of three closely spaced parallel gold-bearing structures, known collectively as the Anfield Zone, at the Buckreef Gold Mine in Tanzania.
They were identified through field mapping and grab sampling, with results as high as 37.52 g/t, 28.55 g/t, and 14.42 g/t, east of the Buckreef Gold Main Zone.
“We continue to be excited by the greenfield exploration potential of the Buckreef Gold land package,” said Stephen Mullowney, CEO of Tanzanian Gold. “The Anfield Zone is our second new discovery in less than 2 months,” he added.
Follow-up field work and diamond drilling are planned for later in 2021 and 2022.
Shares of Tanzanian Gold (TNX) remained fairly steady this week, trading at $0.63 per share as of 1:02 pm ET on Friday.
AirBoss (TSX:BOS) commences trading on OTCQX market in the United States
AirBoss of America Corp. announced on Monday that its common shares are now qualified for trading on the OTCQX best market.
AirBoss of America is a leading and diversified developer, manufacturer and provider of innovative survivability solutions, advanced custom rubber compounds and finished rubber products that are designed to outperform in the most challenging environments.
“Our decision to cross-trade in the U.S. is part of our strategy to expand our international shareholder base, increase trading liquidity and facilitate greater access and trading capability in our Shares for both institutional and retail investors,” stated Gren Schoch, Chairman and CEO of AirBoss.
The company’s shares will continue to trade on the TSX under the symbol BOS and will trade on the OTCQX under the symbol ABSSF.
Shares of AirBoss of America Corp. (BOS) hit a one-month high of $37.07 per share on Wednesday before dropping slightly to $34.97 per share at 3:02 pm on Friday.
Komo Plant Based Foods (CSE:YUM) expands plant-based Meal Helpers line and announces New U.S. trading symbol
Komo Plant Based Foods made our Top 5 list once again this week as it launched another new product and announced that it is in the process of upgrading its listing to the OTCQB Venture Market.
“All our products are uncompromisingly easy, wholesome and hearty to make plant-based eating more accessible through familiar favourites like our lasagna, shepherd’s pie, bolognese sauce and now our taco filling,” said Komo Comfort Foods CEO Jeffrey Ma.
The global frozen food industry is predicted to grow to $64.7 billion between 2020 and 2024, with the growth largely driven by plant-based foods, according to Technavio. In 2020, 56% of U.S. households purchased plant-based foods, according to the Plant Based Foods Association.
Komo has changed its ticker on the OTC Markets in the United States to KOMOF as of June 21, 2021 and is in the process of upgrading its listing to the OTCQB.
Komo Plant Based Foods (YUM) is trading at $0.125 per share as of 2:41 pm ET.
Labrador Gold (TSXV:LAB) announces high-grade intercept in Newfoundland
In mining, Labrador Gold announced new results from its Kingsway Project in Newfoundland on Tuesday.
The high-grade intersection is from hole K-21-17 at the Big Vein target on the property, and contained fine particles of visible gold in quartz vein. The hole intersected 50.38 g/t Au over 1.85 m including 160.42 g/t Au over 0.55 m.
Roger Moss, President and CEO of Labrador Gold, commented, “We are excited to see additional near surface high-grade gold assays, the highest to date, from our early drilling at Big Vein. We are extending the high-grade mineralization along strike and getting a handle on its plunge. Adding extra drills will allow us to aggressively test Big Vein as well as to follow up targets developing along the quartz vein corridor.”
Shares of Labrador Gold Corp. (LAB) reached a high of $1.182 on Monday before dropping to $1.50 per share on Friday as of 3:14 pm ET.