Kingman Minerals Reports Second Sampling Results For Rosebud Gold Mine
Kingman Minerals (TSXV: KGS) this morning announced the second sampling results from its Rosebud Mine, part of the firms Mohave project, with data focused on the 100 foot and 200 foot levels of the mine shaft. Highlight mineralization includes 688 g/t gold and 468 g/t silver over 0.18 metres from a chip sample taken on […]
Champignon Sponsors Group Focused on Medical Psilocybin Access Aimed at Palliative Cancer Patients
This morning Champignon Brands (CSE: SHRM) announced they have sponsored TheraPsil, a BC-based non-profit coalition of healthcare professionals, policy-makers and community leaders seeking legal access to psilocybin for British Columbians with a palliative diagnosis and psychological distress. The TheraPsil coalition will start in 2020 seeking legal access to psilocybin for British Columbians with a palliative diagnosis […]
James Wagner Receives No Further Bids, Shareholders To Get Nothing From Asset Sale
The trouble with secured debt, is that it puts certain creditors ahead of long term shareholders. James E Wagner Cultivation (TSXV: JWCA) shareholders learnt that process the hard way this morning, with it being announced that Trichome Financial’s (CSE: TFC) previously announced stalking horse bid was the winning bid for JWCA’s assets. The result, is […]
West Red Lake Gold Announces 2020 Exploration Program
West Red Lake Gold Mines (CSE: RLG) this morning announced its 2020 exploration plans for the West Red Lake project, located in the Red Lake Gold District in Ontario. The company currently plans to undertake a 3,000 metre drill program on the projects NT zone next month. The drill program will be conducted as a […]
Atlanta Fed’s Econometric Model Releases a More Grim Prediction of Q2 GDP Levels
As previously reported on The Deep Dive, the Federal Reserve Bank of Atlanta, which runs an econometric model to produce GDP forecasts, recently released its second quarter 2020 GDP predictions of -34.9%. Now however, their model has produced an even more grim forecast. On May 15, the Federal Reserve Bank of Atlanta’s GDPNow model forecasts […]
Hexo Conducts Early Debt Conversion, Then Announces Public Offering
After climbing 41% on the day following the announced early conversion of debentures, Hexo Corp (TSX: HEXO) (NYSE: HEXO) has announced that it will be conducting an overnight marketed public offering to get further funds in the till. The offering has not yet seen a price set for units of the company. Hexo Corp announced […]
Alberta Implements Royalty Rate on Helium to Address Increasing Global Demand
As technology around the world continues to advance, the demand for helium has been steadily increasing. That is because the noble gas is a necessary ingredient for a variety of uses, including healthcare, high speed internet, and cleaning rocket fuel tanks. Helium gas is also found in computer, mobile phone and tablet chips, as well […]
Canadian Financial System Remains Resilient Amid Pandemic, According to Bank of Canada
As opposed to the economic chaos south of the border, Canada’s financial system has remained strong, according to Bank of Canada’s annual Financial System Review. As Canada quickly imposed lockdown measures across the county during the onset of the coronavirus pandemic back in March, resulting in some economic damage. However, Canada’s banks have remained robust […]
Aurora Cannabis Earnings Illustrated: Empty Calories Giving The Market A Sugar High
The Deep Dive’s West Coast office was pretty happy to have shoveled dirt on Aurora last month when the rollback was announced. Surely, between having primed the equity for a massive dilution event and the ongoing revelation that the business itself wasn’t a sustainable entity, the street is sure to have had enough of Aurora […]
April Retail Sales and Factory Output Has Largest Decline on Record
As economic data is pouring in amidst the coronavirus pandemic, it is becoming increasingly evident how severe the current recession really is. Factory output and retail sales in the US suffered the biggest drop on record, suggesting it will most likely be much longer before the US economy is steered on the path to recovery. […]