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Flagging small Canadian miners hope for a boost from medical pot

Started by riky, March 28, 2014, 08:00:22 AM

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riky

Flagging small Canadian miners hope for a boost from medical pot

<p><a href="http://news.yahoo.com/flagging-small-canadian-miners-hope-boost-medical-pot-204046185--sector.html"><img src="http://l2.yimg.com/bt/api/res/1.2/cHAxAJWheonsE5_BlUnisA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-03-27T204046Z_1_CBREA2Q1LG500_RTROPTP_2_CANADA-US-MINING-MARIJUANA.JPG" width="130" height="86" alt="Marijuana plants are displayed for sale at Canna Pi medical marijuana dispensary in Seattle" align="left" title="Marijuana plants are displayed for sale at Canna Pi medical marijuana dispensary in Seattle" border="0" /></a>By Nicole Mordant VANCOUVER (Reuters) - Looking for ways to boost their flagging fortunes, a handful of tiny Canadian mining exploration companies are considering swapping their hard hats and shovels for bongs and baggies. In the past couple of months, nearly a dozen of these so-called junior miners, hard hit by a downturn in the mining industry, have announced they might branch out into Canada's budding medical marijuana industry. The announcements from Satori Resources Inc, which owns a moribund gold project in Manitoba, and Victory Ventures Inc, which has staked mineral claims in British Columbia, have propelled these rock-bottom penny stocks upward. Until now, the medical marijuana industry has consisted mostly of small-scale home-grown operations.</p><br clear="all"/>

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