Monday, May 3, 2021
Aurcrest Gold Inc. has staked a further 654 claims or approximately 13,210 additional hectares in the East Red Lake gold camp.
The newly staked Dancing Man property is located 20 kilometres east of the company’s active Ranger Lake project and extends company holdings a further 20 kilometres east to adjoin the Golden Sidewalk district of the Birch-Uchi metamorphic belt. This acquisition will be integrated into the company’s Summer 2021 field program.
The site preparatory activities for the much-anticipated Ranger Lake drill program have been completed and drilling is expected to commence later this week.
“The Michigan market has grown exponentially, and Golden Harvest remains an important strategic asset for us. Canopy exercising the option is an important milestone for Grown Rogue as we continue our successful expansion into this market,” said Obie Strickler, CEO of Grown Rogue. “We have implemented our best-in-class SOPs and leveraged over a decade of operational, grow, and sales experience, and have seen great results in Michigan as we gain market share. We are excited to finalize this transaction and continue providing consistent and quality flower to retailers and consumers alike.”
The key highlights of 2020 can be summarised as follows:
2020 Financial Results
The turnover for 2020 was pounds sterling1,994K (C$3,478K) which was a 38% increase on the previous year ( pounds sterling1,449K) and the gross profit margin at 56% was a 4% increase on the 52% of the previous year. This, in the year of a pandemic, was a great success.
The net deficit of pounds sterling4,505K (2019: pounds sterling3,797k) although still high, included a significant amount of transaction and consolidation costs that would otherwise not have been incurred given the reverse takeover of StillCanna Inc.