McLaren Resources: The McCool Transaction
On May 14, 2020, a very interesting transaction was announced in the historic, highly prolific Timmins Gold District in Northeastern Ontario, where gold production has exceeded 70 million ounces. McLaren Resources (CSE: MCL) completed a purchase and sale agreement, along with an option agreement, with Goldcorp Canada Ltd, a subsidiary of one of the world’s […]
Canadian Manufacturing Sales Fall by Record in April
Following strict social distancing measures and mandatory shutdowns in April, new data has emerged regarding the state of Canadian manufacturing sales. According to Statistics Canada, April saw a record decline of 28.5% in manufacturing sales, after an only a 9.8 drop in the month prior, Refinitiv, a financial markets data firm, had predicted only a […]
Charlotte’s Web Announces $67.5 Million Financing
Charlotte’s Web Holdings (TSX: CWEB) announced this morning that it will be conducting an underwritten offering for gross proceeds of $67.5 million. The financing is being lead by Canaccord Genuity in a syndicate of that includes Cormark Securities, PI Financial, and Eight Capital. The financing will see 10.0 million units of Charlotte’s Web sold at […]
MustGrow Successfully Imports TerraMG To Colombia For Laboratory Testing
MustGrow Biologics (CSE: MGRO) announced this morning that it has successfully imported its flagship TerraMG bio-pesticide into Colombia for the purpose of testing the product on the infamous Panama Disease. Panama Disease presents an existential threat to that of the global banana industry. The disease is a strain of fusarium, and is a devastating disease […]
Probe Metals Announces New Gold Discoveries At Val-d’Or East Property
Probe Metals (TSXV: PRB) this morning announced that it has made new gold discoveries at its Cadillac Break East Gold Propert in the Val-d’Or East region. Highlights from the findings include new gold zones discovered on the eastern portion of the property, grading 4.2 grams per tonne gold over 4.2 metres at a depth of […]
Gran Colombia Gold Reports May Production of 18,129 Ounces
It appears operations are finally beginning to return to normal for gold miners. Gran Colombia Gold (TSX: GCM) this morning announced its May 2020 production results, posting total production of 18,129 ounces, or approximately 98% of production in the year-ago period. The figure demonstrates that capacity has returned to near normal levels following the COVID-19 […]
Fire And Flower Sees Q1 2020 Revenues Increase To $23.1 Million, Net Loss Of $12.7 Million
Fire and Flower Holdings Corp (TSX: FAF) last night filed their first quarter financial results for the thirteen weeks ended May 2, 2020, posting revenues of $23.1 million, up from $16.8 million in the fourth quarter of 2019, and a net less of $12.7 million. Revenues were up significantly on a quarter over quarter basis, […]
Datametrex Acquires Rights To Sell COVID-19 Home Test Kit
Datametrex AI (TSXV: DM) this morning had significant news in that it has secured the rights to sell a home test kit, known as RapiGEN Inc, for that of COVID-19. The test kits are FDA registered and are suitable for “point of care testing”, providing results within five to ten minutes of administering the test. […]
Freeman Gold: Getting Idaho Back To Its Gold Mining Roots
With +150 years of gold mining that dates back to the Pierce discovery of 1860, Idaho has been, and still is, one of the best jurisdictions to find gold. Though sometimes overshadowed by its southerly neighbor, Nevada, America’s top gold producing state, Idaho is no slouch when it comes to digging up and processing gold, […]
Pharmadrug Completes Super Smart Acquisition, Issues 64.4 Million Free Trading Shares
Pharmadrug Inc (CSE: BUZZ) announced this morning that it has completed its acquisition of Interrobang Ltd, doing business as Super Smart. The acquisition was a three-way amalgamation, resulting in Pharmadrug issuing 64.4 million common shares plus additional warrants to acquire the early-stage psychedelics firm. Super Smart is a retail firm that is “focused on consolidating […]