Aurora Cannabis: Booth Out, $775 Million Goodwill Hit, And Declining Revenues
Like was much speculated this afternoon, Aurora Cannabis (TSX: ACB) (NYSE: ACB) CEO Terry Booth will be retiring from his role as Chief Executive Officer of the firm effective immediately. Taking his place on an interim basis will be that of Chairman Michael Singer. Booth will retain his role as a director of the firm, […]
Meta Growth Halt Is Much Ado About Nothing
It appears that the day-long trading halt of Meta Growth (TSXV: META)‘s equity was much ado about nothing. The firm released news after market hours today, identifying that they had closed the previously announced $10.0 million private placement. The financing, which raised a total of $10,000,012 through a bought deal conducted with Echelon Wealth Partners. […]
Aurora Cannabis Halted, Booth’s Departure Rumoured
Aurora Cannabis (TSX: ACB) (NYSE: ACB) is currently halted pending news from the company. The halt is currently effective on both the NYSE and TSX, which is a rarity among the cannabis sector. The halt follows two rumours being leaked related to the company. The first, is that the company has or will be conducting […]
BevCanna Enters Into LOI With Mota Ventures
BevCanna Enterprises Inc (CSE: BEV) and Mota Ventures Corp (CSE: MOTA) have entered into a non-binding letter of intent where Mota will produce, market, and distribute BevCanna CBD and hemp products in Europe. As per the joint venture agreement, Mota will manufacture, market, and distribute BevCanna products, including beverages and powder drink mixes to several […]
Zenabis Global Issues Operations Update
Zenabis Global Inc (TSX: ZENA) has issued an operational update regarding facility licensing and construction, and cannabis production for its several facilities across Canada. Regarding updates for Zenabis’s operational facilities in Atholville, Stellarton, and Langley. The company produced above its projections for the month of September 2019; however, actual harvest amounts were below the estimates […]
Market Movers: Hive Blockchain Moves 22%
Hive Blockchain Technologies Ltd (TSXV: HIVE) has been a recent market mover, with the equity experiencing an increase of 22.22% yesterday, closing the market at a price of $0.225 on volume of 6.06 million. Hive is headquartered in Vancouver Canada, and is a company focused on the digital currency market, through means of creating a […]
Canopy Growth’s BioSteel CBD Products Begin Appearing On Store Shelves
It appears that Canopy Growth Corp (TSX: WEED) (NYSE: CGC) has quietly begun selling CBD products in the US under the BioSteel brand, a company which the firm acquired a 72% stake in last October. BioSteel is currently a leader in the sports nutrition category, and has a number of partnerships with multiple national sports […]
Nio Sources US$100 Million In Convertible Debentures
Chinese electric car maker Nio Inc (NYSE: NIO) announced this morning that it has secured additional funding to prop up the organization. The funding comes in the form of convertible debentures from an unaffiliated third party Asian lender. The funds lent to Nio consist of “around” US$100 million, with the largest portion consisting of a […]
Metalla Royalty A Model Of The Modern Monarch
This week’s series on gold royalty companies started with a look at original King of Royalties Franco Nevada (TSX: FNV) (NYSE: FNV), and moved on to developing, high-action royalty story Ely Gold (TSXV: ELY). Today, we move further down the risk curve to examine the recent consistent volume and a steady price climb from Metalla […]
Patriot One Subsidiary Acquires Department of National Defence Contract
Patriot One’s (TSX: PAT), subsidiary, Xtract Technologies Inc, or Xtract.ai, has successfully obtained a contract through the Public Works and Government Services Canada Division with the Department of National Defense for $975,000. The contract will see that Xtract.ai will advance artificial intelligence for the Canadian Armed Forces (CAF) by designing and developing data sets, machine […]