Movers and SHAKERS
Comstock Mining (LODE)
Comstock Enters the Industrial Hemp Products Business
Comstock Mining Inc is a mining company with a focus on gold and silver deposits in the Comstock and Silver City mining districts in Nevada. Its operations are divided into two segments, namely mining and real estate. Its mining projects include The Lucerne Resource area, the Dayton Resource area, the Spring Valley exploration target, the Northern Extension, Northern Targets and Occidental areas. The Real Estate segment involves land, real estate rental properties and a hotel, restaurant & bar provided by the Gold Hill Hotel located in Gold Hill, Nevada just south of Virginia City and the Daney Ranch, located just south of Silver City. The majority revenues are generated from the real estate segment.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Acquires 50% of LP Biosciences LLC. Comstock acquired 50% of the equity of Lakeview Energy LLC’s subsidiary, LP Biosciences LLC (LPB), and agreed to provide the financing needed to retrofit LPB’s industrial scale solvent extraction and valorization facility in Merrill, Iowa to produce wholesale products from up to 200 thousand pounds per day of industrial hemp. Comstock issued 3,500,000 restricted shares of its common stock to LPB. Comstock also acquired 100% of MANA Corporation (MANA), an industrial hemp technology, development, marketing, and management company for 4,200,000 restricted shares of Comstock.
Strength through collaboration. Agreements between Comstock, MANA and Lakeview call for Lakeview to provide construction, operating, administrative, logistics, commodities, and risk management services to LPB as they retrofit, operate, and expand capacity of the LPB facility. MANA has agreed to provide technology and marketing services with a focus on acquiring and using existing and new feedstock ...
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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.