Kirkland Lake Increases Quarterly Dividend, Repurchases 10.1 Million Common Shares
Kirkland Lake Gold Ltd (TSX: KL) has provided an update regarding its share repurchase plan, and has announced it will double the quarterly dividend which is to be paid out on April 30, 2020. Thus far, Kirkland Lake has been successful in repurchasing 10.1 million common shares for a total price of $350 million USD […]
It’s A Coronavirus Economy, We’re All Just Planning In It
It’s been a few hours now since Canada’s Federal government announced a plan for $82 billion worth of emergency aid to prop up the Canadian economy and, so far, nobody really knows what to make of it. The Globe and Mail‘s ever-topical Andrew Willis drew an apt parallel to ESPN’s grading of the Buccaneers move […]
Mark W. Kohler Appointed To CloudMD’s Board of Directors
CloudMD Software & Services (CSE: DOC) announced this morning that it is strengthening its Board of Directors this morning. The firm has appointed seasoned healthcare and tech entrepreneur Mark W. Kohler to its board. Kohler has an extensive background in the field of North American healthcare, tech, and financial services that spans over 32 years. […]
Village Farms To Conduct $10 Million Financing
It appears that Tilray Inc (NASDAQ: TLRY) isn’t the only cannabis firm searching for cash despite the current market environment. This morning, Village Farms International (TSX: VFF) (NASDAQ: VFF) announced a registered direct offering to the tune of $10 million. The offering is being conducted by that of Beacon Securities, whom is working as the […]
Cardiol Enters Into Supply Agreement With Shoppers Drug Mart
Cardiol Therapeutics Inc. (TSX: CRDL) has entered into a supplier agreement with Medical Cannabis by Shoppers, which is a subsidiary of Shoppers Drug Inc. As per the supply agreement, CardiolRX, Cardiol’s brand of CBD products, will be exclusively sold at Shopper stores. The cannabidiol products are manufactured by Dalton Pharma Services, which will now be […]
CloudMD Closes First Tranche Of Financing For $2.3 Million
CloudMD Software & Services (CSE: DOC) announced this morning that it will be closing the first tranche of its previously disclosed private placement this Friday for gross proceeds of $2.3 million. The company previously identified that the funds will be used for capital expenditures and general working capital purposes. The first tranche for the private […]
Aleafia Health Releases Fourth Quarter and Full Year Financial Results
Aleafia Health Inc (TSX: ALEF) has released its financial reports for the fourth quarter and fiscal year, reporting revenues of $6.0 million for the quarter while posting a net loss of $9.75 million. In the fourth quarter 2019, Aleafia reported net revenues of $6.0 million, an increase of $1.07 million compared to the third quarter […]
Canntrust Sees Filing Deadline Extended To April 16
It appears the end of the line is getting near for Canntrust Holdings (TSX: TRST) (NYSE: CTST) in terms of its public listings. The firm announced this morning that the TSX is reviewing its eligibility for listing on the exchange, as well as that it has received a final extension for the filing of required […]
Stocks In The Time Of Recession
We’re experiencing fear.We’re experiencing upheaval.We’re experiencing a collective uncertainty. We’re also experiencing a higher than normal call volume… The red phone here at The Deep Dive’s West Coast headquarters has been lighting up for the past two weeks with calls from well-meaning, upstanding citizens who, ordinarily, have more good sense than to get directly involved […]
Cronos Group Further Delays Filings, Reduces Prior Revenue Figures By $7.6 Million
Cronos Group (TSX: CRON) (NASDAQ: CRON) announced this evening that further to it’s previous release, the company will be delaying the release of its fiscal 2019 financial results yet again, this time until March 30, 2020. Additionally, the company has indicated that previously released financials should no longer be relied upon. Cronos Group identified that […]