Satori Resources, Inc. (OTCMKTS : STRRF)

satoriAs the marijuana industry continues to show potential, companies from other industries such as mining have flocked to discover opportunities there. Satori Resources, Inc is one of the junior mining companies that are now exploring the cannabis industry. The company, which explores mineral properties in Canada, is now considering partnerships especially in growing and cultivating medical marijuana.

Satori Resources primarily holds 100% interest in the historic Tartan Lake Gold Mine Project. The gold mine, located in Manitoba’s Flin Flon Greenstone Belt, produced 45,000 ounces of gold from 1987 to 1989 when it was shut down owing to unfavorable economic conditions. The project has since passed hands through several companies, until it was acquired by Satori Resources in 2012. A recent estimate indicated that the resource has 130,000 ounces of gold.

On the medical marijuana front, Satori Resources has started this year to form partnerships. In April, it partnered with Jourdan Resources, Inc to explore and test rock phosphate as a fertilizer particularly for medical marijuana. It has also entered into an exclusive agreement with plant-growing company Homegrown Hydroponics for the development and distribution of marijuana growth products.

The company’s most recent move in this aspect is the appointment of licensed cannabis grower Bill Christie as Head of Communications and Marketing. Among other responsibilities, Christie will handle Satori’s online presence in the cannabis industry.

Satori Resources started as a spin-off company that resulted when its predecessor company, St. Eugene Mining Corporation Limited, was acquired by Claude Resources, Inc in 2012. Currently, Satori trades in the TSX Venture Exchange as BUD, with a market cap of USD 1.47 M. Its leadership includes Walter C. Henry, CEO and President; Jennifer L. Boyle, Executive Chair; Jeffrey Keith Kilborn, CFO; and Scott Walters, Advisor.

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