Trulieve Sees Canaccord Maintain $35 Price Target Days Before Share Unlock
Trulieve Cannabis (CSE: TRUL) this morning saw Canaccord Genuity reaffirm its speculative buy rating on the company this morning, leaving its price target of $35 unchanged. The lack of change in price target comes days before Trulieve is set to unlock 11,205,960 subordinate voting shares from its founding shareholders, the equivalent of 15% of the […]
Donald Trump Orders Federal Employee Retirement Fund to Cease Investing in Chinese Equities
Tensions between China and the US were already at an all-time high much before the coronavirus pandemic. Now, the countries have resorted to a blame game regarding the origins of the virus, as well as its ill-handling, which ultimately led to the rapid spread of the pandemic. As a response, Donald Trump has ordered Eugene […]
Remark Holdings Vs. Internet of Things Inc: A Thermal Fever Fighting Device Comparison
Remark Holdings (NASDAQ: MARK) has been on a wild run as of late since announcing on April 30 that the company had launched its thermal imaging devices intended to help identify persons whom may be experiencing abnormal body temperatures. The thermal devices are akin to the recent announcement by Internet of Things Inc (TSXV: ITT) […]
Aleafia Health Reports Q1 2020 Revenues of $14.6 Million, Net Loss of $6.2 Million
Aleafia Health (TSX: ALEF) this morning reported its first quarter 2020 financial results, reporting net revenues of $14.6 million, of which $13.7 million came from the sale of cannabis. The company reported a positive adjusted EBITDA figure of $6.4 million, while posting a net loss of $6.2 million. While the company boasted a positive EBITDA […]
Max Resource Enters Collaboration Agreement With Major Copper Producer For CESAR Project
Max Resource Corp (TSXV: MXR) made a significant announcement this morning, reporting that the company has entered into a collaboration agreement with one of the leading global copper producers. Under the collaboration agreement, Fathom Geophysics will be conducting a technical study on Max’s Cesar copper-silver project located in northeast Colombia. The study being conducted will […]
Sundial Growers Sees Credit Waivers Expire
Sundial Growers (NASDAQ: SNDL) has again failed to close on certain financial transactions during the duration of the outstanding waivers granted by its creditors. The company as a result announced after hours today that it has not seen the waivers granted a further extension, however the firm is currently in discussions for the modification of […]
CloudMD Announces $10M Bought Deal
This evening CloudMD Software & Services Inc. (CSE: DOC) announced a $10M bought deal with a syndicate of underwriters co-led by Canaccord and Beacon. The underwriters agreed to purchase 14.3M units at a price of C$0.70 per unit with a full warrant priced at $1.00. The stock has been on a role for the last […]
Atlanta Fed’s Econometric Model Predicting 34.9% Drop in GDP Level For Q2 2020
The Federal Reserve Bank of Atlanta runs an econometric model called GDPNow, which produces a mathematical forecast of quarterly GDP growth in the US. The GDPNow model utilizes factor modeling and Bayesian vector auto-regression, which are just fancy econometric techniques that analyze various GDP indicators with economic source data. Now aside from the technicalities, the […]
Lodge Closes Expanded Private Placement With Gross Proceeds of $1.49 million
Lodge Resources (CSE: LDG) last night quietly announced that the company has completed the final tranche of its ongoing private placement, with the tranche bringing in an additional $430,325 through the sale of 1,229,500 units. Collectively, the financing brought in $1,494,118.85 in gross proceeds through the sale 4,268,911 units in a financing that was initially […]
Falcon Gold Conducts Financing At Premium To Market Price
Falcon Gold (TSXV: FG) this afternoon announced that it will be conducting a financing for $100,000 in gross proceeds, which will be put towards developing the firms Red Lake and Central Canada Gold projects. The financing is notably at a price of $0.075 per unit, a premium to the current market price, with each unit […]