Satori Resources, Inc is a Canadian junior mining company that has newly entered the marijuana industry. While it continues to explore mineral properties, the company has recently started to consider and form partnerships for the growing and cultivation of medicinal cannabis.
The history of Satori Resources began with St. Eugene Mining Corporation Limited, its predecessor company. When St. Eugene Mining was acquired in 2012 by Claude Resources, Inc, Satori was created as a spin-off company.
Today, Satori Resources is traded in the TSX Venture Exchange under the symbol BUD. Its market cap is at CAD 1.47 M.
Among the company’s recent developments are the partnerships it has formed this year in the medical marijuana sector. In April, it partnered up with Jourdan Resources, Inc to test and develop rock phosphate as a plant fertilizer, especially for medical marijuana. The company also has an exclusive agreement with Homegrown Hydroponics, a cultivation company, to develop and distribute marijuana-growing products.
To top these off, Satori Resources appointed Bill Christie, a licensed cannabis grower, as the company’s Communications and Marketing Head. As such, Christie is tasked with establishing Satori’s presence in the cannabis industry through online channels, among others.
Meanwhile, for its mineral exploration, Satori holds 100% interest in the Tartan Lake Gold Mine Project, in a Manitoba region called Flin Flon Greenstone Belt. This historic gold mine is noted for producing 45,000 ounces of gold in the 1987-1989 period. After that, it was shut down due to the unfavorable economy, then passed through several companies until Satori acquired it in 2012. According to a recent estimate, the resource still has 130,000 ounces of gold.
The top executives at Satori Resources, Inc are CEO and President Walter C. Henry, Executive Chair Jennifer L. Boyle, CFO Jeffrey Keith Kilborn, and Advisor Scott Walters.
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