RavenQuest BioMed To Lose Final Health Canada License
It seems that its all over for RavenQuest BioMed (CSE: RQB) as a licensed cannabis grower. The company issued a late night news release Monday, indicating that due to not having access to the Markham, Ontario facility Health Canada would be revoking the license. The news of the license revocation follows the news last month […]
Valens Reports Q1 Revenue of $31.9 Million, Announces TSX Listing Date
The Valens Company (TSXV: VLNS) reported its first quarter 2020 financials after the bell today, electing to break trend from its peers and post an improvement on quarter over quarter revenues figures with net revenues of $31.9 million. The company also announced that it will be up listing to the Toronto Stock Exchange effective April […]
JPMorgan and World Bank Make Grim Economic Predictions Amid Coronavirus Pandemic
Several economic reports from both JPMorgan and the World Bank have recently been released, providing a forecast for the forthcoming economic implications from the coronavirus pandemic. According to economists at JPMorgan, the economy is on a path to contract by nearly 40% in the forthcoming second quarter due to the direct and indirect impacts of […]
Barrick Enters Earn-In Arrangement With Precipitate Gold
Barrick Gold Corp (TSX: ABX) (NYSE: GOLD) is looking to expand its land holdings. The company announced this morning that it has entered into an earn-in agreement with Precipitate Gold Corp (TSXV: PRG) for the firms Pueblo Grande project in the Dominican Republic. Under the terms of the arrangement, Barrick has entered into an agreement […]
Falcon Gold Begins Drilling At Central Canada Project
Falcon Gold Corp (TSXV: FG) has commenced the 2020 drill program at its Central Canada project after previously announcing the selection of its diamond drill contractor for the first phase of exploration. The current program is designed to target a significant anomaly interpreted by Terra-X Minerals in a 2010 ground geophysics survey. Terra-X Minerals initially […]
Organigram Posts Q2 Declining Revenues of $23.2 Million
Organigram Holdings (TSX: OGI) (NASDAQ: OGI) released their second quarter financials this morning, and plainly, things aren’t looking good. The company has began its trend of decreasing revenues, posting net revenues of $23.2 million, which is down both quarter over quarter and year over year. On top of decreasing revenues, the company is also in […]
CME Group Increases Gold Contract Margin Requirements 9.6%
The CME Group is looking to slow the rise in gold futures yet again. For the third time in a month, the operator of the Comex exchange is raising margin and maintenance requirements for those of whom trade in gold contracts. Previously set at $9,185, trades of the Comex 100 Gold Futures (GC) will now […]
Infestation! The Gold Bugs are Multiplying
For the moment, the stock market is not concerned with the inflationary effects of $5 trillion worth of direct and indirect stimulus keeping the US and global economy afloat, and why should it be? That seems like more of a “later” problem. If the economy doesn’t manage to produce the goods and services to soak […]
PowerBand Sees Further US$1.2 Million Investment From D&P Holdings
PowerBand Solutions (TSXV: PBX) has secured further funding from D&P Holdings, one of the largest administrators of automotive warranty and insurance products in the US. D&P has advanced a further US$1.2 million in connection with its previously announced US$10 million investment in the firm. The investment is a part of the overall US$10 million investment […]
Hexo Completes $46 Million Public Offering
Hexo Corp (TSX: HEXO) (NYSE: HEXO) has completed its previously announced public offering, which has seen the company meet its obligations under current credit facilities. The firm managed to raise $46 million as a result of an over-allotted financing. The financing saw a total of 59,800,000 units sold at a price per share of $0.77, […]