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ASA Gold and Precious Metals Ltd C.ASA


Primary Symbol: ASA

ASA Gold and Precious Metals Limited is a non-diversified, closed-end investment company. The Company's investment objective is long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or mining of precious metals and minerals. The Company invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities. The Company’s investment adviser is Merk Investments LLC.


NYSE:ASA - Post by User

Post by KelownaClownon Jun 19, 2020 8:48am
270 Views
Post# 31168421

The Importance of an ISO 17025 Lab and Centre of Excellence

The Importance of an ISO 17025 Lab and Centre of Excellence

Cannabis companies facing proposed class-action lawsuit over alleged mislabelling

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Along with Medipharm Labs dismal results reported yesterday, here's more noisy bad news for the industry. I suspect this is just the usual bunch of opportunistic bottom-feeders and ambulance-chasers attempting to cash in on weaknesses in an immature industry, but IMO shows the importance of having an-house, full service, ISO 17025 accredited, testing laboratory named the “Center of Excellence in Plant Based Science” by Thermo Fisher Scientific - Valens Labs.

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Some major cannabis companies in Canada are facing a multi-million dollar proposed class-action lawsuit over allegations the potency of their products is “drastically different” than advertised.

The companies named in the statement, which include Tilray, Cronos and Aurora Cannabis, as well as some other cannabis industry players and subsidiaries (my note - NOT Valens - KC), have yet to provide comment to Global News regarding the allegations.

According to the claim, plaintiff Lisa Marie Langevin bought a Tilray cannabis oil product in Calgary in February but didn’t feel the intended effects after trying it on several occasions.

Shaun Mesher, a colleague of the plaintiff’s friend who has a PhD in biochemistry, sent the product to a lab for potency analysis.

The testing showed the cannabis oil had just 46 per cent of the advertised Tetrahydrocannabinol (THC) content, the claim states, though a second product sample from the same lot came in at 79 per cent.

Mesher then sent more cannabis product samples produced by several different companies to the lab.

The claim referenced six samples found to contain THC levels that varied greatly from what the package indicated. Two were stronger than advertised though the rest were weaker. The TCH content ranged from 54 per cent to 119 per cent of the label value.

One product tested had a cannabidiol (CBD) content that was roughly half (52 per cent) of what was advertised, the claim states.
In order to proceed as a class action, the lawsuit would have to be certified by a judge at Alberta’s Court of Queen’s Bench. The members of the proposed class would be anyone living Canada who purchased products from the companies named and used them before the expiry date.

Phillips said the legal action intends to shine a light on possible quality control issues in the cannabis sector.



Ful story here: https://globalnews.ca/news/7081677/cannabis-companies-proposed-lawsuit-potency/




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