Opening the Trading Day at CSE
Wednesday, January 15, 2020 was a particularly special day for me, as it was nearly, to the day, 10 years since I got on the wild and crazy ride known as the Canadian capital markets. And to be invited now to take part in a tradition that dates back to the 1800s, was a great honour for me in particular, and I'm sure for the shareholders of Blue Lagoon Resources, one of the best performing stocks of 2019.
Although the mining market collapsed shortly after I started in 2010, we're all thankful that the cannabis market exploded and, having hung in there for all these years, last year I was able to take public the first and third largest deals in Canadian cannabis history. America's great multi-state operator, Curaleaf (CSE:CURA), which is on track to become the biggest cannabis company in the world, raised $520 million and hit a high of $15.75. Also, Harvest Health & Recreation (CSE:HARV), another great company with assets in multiple states, raised $300 million and hit a high of $14.50.
And now with gold recently reaching 7 year highs, I believe that mining is on the cusp of the next super cycle. I'm very proud and thankful to all my shareholders who believed in me and took a chance in my vision with the launching of Blue Lagoon Resources.
In a very short time Blue Lagoon has accomplished much. In less than 8 months, we have acquired 3 great gold focused properties — one early stage and two of which we consider advanced. Plus, to hedge our bets, we're also in the process of closing on a very interesting and promising new technology that can take Magnesium-rich tailings and, using a proprietary process, convert them into the highly sought after Magnesium metal.
So keep Blue Lagoon on your radar. I believe we have much more to accomplish and are likely at the right place at the right time. After all, that's what the junior venture markets are all about!