Green Growth Brands Files For Creditor Protection, Agrees To Sell Florida Assets
Green Growth Brands (CSE: GGB) has finally caved. The company this morning announced that it has applied for insolvency protection under the Companies’ Creditors Arrangement Act (CCAA) from the Ontario Superior Court of Justice. Under the arrangement, Ernst & Young will act as the monitor, while, unsurprisingly, All J’s Greenspace will provide a debtor-in-possession loan […]
Falcon Gold Applies For Exploration Permit For Bruce Lake Gold Property
An exploration permit has been applied for by Falcon Gold (TSXV: FG) for the firms Bruce Lake Gold Project, located in the Red Lake Mining Camp. Once granted, the exploration permit will allow Falcon to perform overburden trench, line cutting and diamond drilling on the property to follow up on gold targets previously identified on […]
Horizons HOU, HOD ETF’s Rollover To October Crude Oil Contract
Horizons ETF’s announced after the bell last night an update to the firms contract exposure for that of the BetaPro Crude Oil Daily Bull ETF (TSX: HOU) and BetaPro Crude Oil -1x Daily Bear ETF (TSX: HOD). With the advent of the June contract rolling over yesterday, the two ETF’s will now follow the October […]
Khiron Receives Authorization For Sale Of High-THC Medical Cannabis
Khiron Life Sciences (TSXV: KHRN) announced this morning that it has received authorization from the Colombian government to begin selling high-THC medical cannabis to patients. Khiron is the first, and currently only, company to receive authorization from the Colombian government for both the manufacturing and sale of high-THC medical cannabis. The company itself refers to […]
Trulieve Reports Q1 Revenues of $96.1 Million, Net Income of $14.0 Million
Trulieve Cannabis (CSE: TRUL) reported its first quarter 2020 financial results this morning, posting revenues of $96.1 million for the period ended March 31, 2020, while posting a net income of $14.0 million. Revenues were a significant quarter over quarter improvement from the firms fourth quarter, rising 21% while gross margins were up 30%. Trulieve […]
Lodge Resources Changes Name To Freeman Gold Corp
Lodge Resources (CSE: LDG) announced this evening that it will be changing its name effective May 21, 2020. The company will now be known as Freeman Gold Corp on a go-forward basis. In connection with the name change, the company will also be changing its listed symbol with the Canadian Securities Exchange. As of May […]
Numinus Wellness: A Glance At The Structure
The much anticipated launch of Numinus Wellness (TSXV: NUMI) is scheduled to occur tomorrow. Given this tidbit, we thought it would be beneficial to cover the current share structure of the firm given the anticipation of the company going public by many traders. For those that do not know, Numinus is a cannabis-turned-psychedelics firm that […]
The Deep Dive Compiles Company Profile on Revive Therapeutics
The Deep Dive has assembled a company profile for that of Revive Therapeutics (CSE: RVV), a life sciences company focused on three verticals within the biotech space. Revive is a life sciences company focused on the research and development of therapeutics for infectious diseases and rare disorders, and it is prioritizing drug development efforts to take […]
Green Growth Defaults On $61.2 Million Convertible Debenture
Green Growth Brands (CSE: GGB) this morning announced that it has defaulted on its 15% secured convertible debentures that matured on May 17, 2020. Originally issued one year ago, the debt holds a general security interest over all of Green Growth’s assets. The debt amounts to a total of US$45.5 million, at the time the […]
Hexo Announces Details of Financing, $50 Million To Be Raised
Hexo Corp (TSX: HEXO) (NYSE: HEXO) this morning released the details of its previously announced overnight marketed public offering, which will see a raise of $50.04 million occur. The financing is being lead by Canaccord Genuity Corp and Canaccord Genuity LLC, along with a syndicate of underwriters. The financing will see units of Hexo sold […]