Rubicon Organics Closes Financing Above Market Rates
Rubicon Organics (CSE: ROMJ) announced this morning that they had finally closed their overnight marketed offering to the tune of $8.50 million. The “overnight” offering was originally announced on August 7, 2019. Perhaps the most remarkable part of the raise, is the price that Rubicon was able to close the financing at. When announced, it […]
Millennial Esports Acquires Majority Stake in Allinsports
Millennial Esports Corp (TSXV: GAME) announced this morning that it will be purchasing a majority stake in Allinsports, a leader in the motorsport simulator manufacturing industry. The two parties have entered a binding letter of intent, which will see Millennial Esports acquire a 51% stake in Allinsports, at a price of US$6.25 million. The purchase […]
Edgewater Wireless Systems CEO Andrew Skafel Pens Letter to Shareholders
This morning Edgewater Wireless Systems (YFI; TSX.V) (OTCQB: KPIFF) issued a letter to shareholders discussing the opportunity that exists for the tech company. More performance is urgently needed from Wi-Fi = Major Wi-Fi customers e.g., TelCos; industry standards bodies; and equipment/silicon vendors are all coming together in the realization that multi-channel, Wi-Fi Spectrum Slicing, is […]
Cresco Labs – “Sort of” Reports Q2 Earnings
Last night, Cresco Labs (CSE: CL), released their unaudited financial results for Q2/19, well sort of…. They released a news release with key select data, and didn’t post the financial statements on Sedar. A trend common with many other MSOs, where they “release” their earnings in a news release, and then post the financial statements […]
Trulieve: A League Of Their Own
Trulieve Cannabis Corp (CSE: TRUL) leads US multi-state operators and the sector as a whole in revenue, gross profit and gross margin. They are the only legal marijuana company that consistently makes money. The company is in a runaway sales lead in the state of Florida. Since the state began allowing sales of smokeable marijuana […]
Crop Corp Attempts To Blow Out Paper and Fill Company Coffers
This morning Crop Infrastructure Corp (CSE: CROP) announced a plan to attempt to blow out paper currently held on the company. Through a just announced early exercise program, the firm is doing what it can to entice shareholders to convert their warrants into company stock as a means of providing additional cash to company coffers. […]
3 Sixty Risk Solutions – Is There a Path to Profitability?
3 Sixty Risk Solutions Ltd (CSE: SAFE) reported their second quarter earnings this morning, posting revenues of $7.54 million, an increase of 119.16% from the previous quarter. In its associated news release, 3 Sixty stated that the current quarter is expected to see further growth as well, albeit at a slower pace. While providing significant […]
iAnthus to Raise $50M via Secured Debt
This morning iAnthus (CSE: IAN) announced they are negotiating towards a definitive agreement for a senior secured term loan of up to US$50 million with Torian Capital Partners. The Term Loan is expected to be made available in two tranches of US$25 million, each with substantially similar terms. The news release states that the proceeds […]
Eve & Co Posts Declining Revenues of $0.45 Million for Second Quarter
Eve & Co Incorporated (TSXV: EVE) released its second quarter financials for the period ended June 30, 2019 after the bell last night, posting a gross profit of $175,576 on revenues of $454,701. The firms quarterly revenues were a significant reduction from the first quarter of the year. While total revenue for the six month […]
Liberty Health Sciences Sells Florida Greenhouse, Land and Ohio Assets for $14.75M
Tonight Liberty Health Science (CSE: LHS) announced the Company is selling 36 acres of land, comprising of its Chestnut Hill Tree Farm site in Alachua County, Florida and 50% of their Ohio investment/assets for an aggregate total of US$14,750,000 to an arm’s length purchaser. Liberty Health Science purchased Chestnut Hill Tree Farm for approximately US$40M […]