Movers and SHAKERS
Comstock Mining (LODE)
Comstock Enters the Industrial Hemp Products Business
Comstock Mining Inc. is an emerging innovator and leader in the sustainable extraction, valorization, and production of scarce natural resources, with a focus on high value strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products.
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.