Neptune Wellness Sees Largest Investor Increase Ownership To 19.39%
Neptune Wellness (TSX: NEPT) (NASDAQ: NEPT) has seen its institutional investor ownership grow. This evening, an alternative monthly report was filed by that of Perceptive Advisors, LLC in relation to its holdings in Neptune Wellness, which has improved significantly as of late. Perceptive has been a long time investor in the CBD-focused operator, having originally […]
The Federal Reserve Broadens Criteria for Main Street Lending Program
As a means of mitigating the financial hardships faced by many small and medium sized businesses due to the coronavirus pandemic, the Federal Reserve earmarked $75 billion from the CARES Act to go towards its Main Street Lending Program. The goal of the program is to provide financial support in the form of loans for […]
Colliers Canada Survey Reveals 16% of Commercial Tenants Were Unable to Pay May Rent
Colliers International, a Canadian-based global commercial real estate organization, has released recent data regarding the state of commercial rent payments in Canada amid the coronavirus pandemic. According to their findings which are based on a survey of 7,100 commercial tenants, 16% of businesses failed to pay their May rent, while 19% only made partial payments […]
Canaccord Increases Price Target On Great Bear Resources To $15
After yesterdays morning news release, Canaccord Genuity increased their price target from C$12 to C$15 and reiterated their speculative buy on Great Bear Resources (TSXV: GBR). The morning news release indicated that the gold miner intersected an impressive 30.51 g/t gold over 12.40 m in hole BR-133 at there 100% owned project in Red Lake. […]
CMHC Releases Preliminary Housing Starts Data for Month of May
The Canada Mortgage and Housing Corporation (CMHC) has recently released preliminary housing starts data for the month of May. The trend in housing starts is measured via a six-month moving average of the monthly seasonally adjusted annual rate (SAAR). There were 196,750 units of housing starts for the month of May, which corresponds to a […]
World Bank: Pandemic Expected to Descend Global Economy Into Deepest Recession Since WW2
As the deadly coronavirus pandemic swept across the globe, many countries had no other choice but to impose mandatory stay-at-home orders, travel restrictions, and economic lockdowns as a means of containing the spread. As some restrictions are now being lifted given that the peak of the pandemic has slightly subsided, the economic consequences from the […]
Commercial Bankruptcy Filings in the US Increase 48% Amid Coronavirus Pandemic
The coronavirus pandemic shocked the US economy, causing mandatory stay-at-home orders and businesses to temporarily close their doors to comply with social distancing measures. Many businesses were ill-prepared for the magnitude of financial ruin, and as a result had no choice but to file for bankruptcy. According to data compiled by Epiq Systems Inc, the […]
Bankrupt Hertz Stock Continues to Attract Frenzy of Retail Investors
For those of us still puzzled about last week’s trading fiasco regarding the infamous car rental company Hertz Global (NYSE: HTZ) – hold on tight! We had thought that Friday’s bizarre rush to purchase the bankrupt stock was just retail investors reacting to the full moon and would soon subside, but apparently that prediction was […]
Organigram Signs Israeli Cannabis Supply Agreement With Canndoc
Organigram Holdings (TSX: OGI) (NASDAQ: OGI) this morning announced that it has entered a supply agreement with Canndoc, one of the largest Israeli medical cannabis producers. The agreement is for a period of two years, and is for the supply of dried cannabis flower. Financial details related to the announcement were slim, with the company […]
GTEC Secures $4.0 Million Financing, Pays Off MMCAP Debentures
GTEC Holdings (TSXV: GTEC) has managed to secure $4.0 million in debt financing just in the nick of time. Funds raised from the secured financing have been utilized to pay off a $3.7 million principal in debt owed to MMCAP Canadian Fund LP, which was to mature on June 11, 2020. The financing takes the […]