Effects of Coronavirus Felt By Canadian, US Markets
The price of gold is trending higher today while the S&P 500 index is down 100 basis points as global fears of the China-sourced coronavirus mount. Continued travel restrictions within the country of China have further added to fears of the emergence of a global epidemic as more cases are reported as being confirmed. As […]
Aphria Announces $100 Million Strategic Institutional Investment
Aphria Inc (TSX: APHA) (NYSE: APHA) has secured a significant investment from an institutional investor to the tune of $100 million. The investment, conducted at $7.12 per share, has been made by an undisclosed party, however the entire financing is coming from a single party. The total financing will see a total of 14,044,944 units […]
Qyou Media Strengthens Board of Directors With New Appointment
Qyou Media (TSXV: QYOU) is strengthening its board of directors. The firm announced this morning that they have nominated Vikas Ranjan to join the company’s board of directors, with voting on the matter to take place in March 2020 at Qyou’s annual shareholder meeting. Ranjan, who is viewed as a leading capital markets experts within […]
Meta Growth Conducts Bought Deal At Significant Discount To Market
Meta Growth (TSXV: META) is the latest firm within the cannabis space to conduct a financing. The difference however, is that the pricing of the financing is currently below market pricing of the equity, and that the warrant is nearly in the money as well. The price of the offering has been controversial for current […]
iAnthus Approved To Enter Adult Use Massachusetts Market
iAnthus Capital Holdings (CSE: IAN) will be proceeding with adult-use operations in the state of Massachusetts. The company announced this morning that it has secured approval from the Massachusetts Cannabis Control Commission for cultivation and processing of adult-use cannabis products at its Holliston facility. The approval follows an inspection conducted by the commission back in […]
Analyzing Medmen CEO Adam Bierman’s Response To Market Rumours
For those focused on the cannabis sector, you’re likely aware of a drama that has been brewing in the background related to that of Medmen Enterprises (CSE: MMEN). With multiple sources indicating that suppliers have not been paid, and that the company is currently renegotiating with vendors to decrease payables, social media has been bustling […]
Premier Health Exceeds 90,000 Patients On Telemedicine Platform
Premier Health Group Inc (CSE: PHGI) announced this morning that the firm is seeing significant growth for its MyHealthAccess telemedicine patient portal. The platform has now onboarded in excess of 90,000 patients to the portal, which shows significant continued growth for Premier. Premier Health’s MyHealthAccess portal currently enables patients to book appointments 24/7 in real-time […]
Cresco Labs Announces US$200 Million Senior Secured Credit Agreement
Cresco Labs (CSE: CL) appears to be burning through cash like a madman. The firm this morning announced that it was raising funds yet again, this time in via a senior secured term loan which has the optionality to be as large as US$200 million. The financing is through a “broad syndicate of lenders.” Total […]
Vivo Cannabis To Move To Toronto Stock Exchange
Vivo Cannabis (TSXV: VIVO) is officially moving to the big boards. The firm announced this morning that its common shares will begin trading on the Toronto Stock Exchange effective January 24, 2020. They will subsequently voluntarily delist from the Venture as a result. Vivo will be hosting a market opening ceremony at the Toronto Stock […]
Cronos Group Chief Operating Officer, Chief Commercial Officer Resign
Cronos Group (TSX: CRON) (NASDAQ: CRON) today quietly filed a Form 8-K identifying that two members of management have resigned from their positions with the company effective December 31, 2019. It is unclear whether the resignation was forced or not at this time. The first executive to see his walking papers is that of Chief […]