Quarterly Affirmation with Canopy Growth Corp
Every three months, Canopy Growth Corp (TSX: WEED) (NYSE: CGC) posts another net loss, fails to meaningfully grow its output, and gets dragged up and down Independent Equities Research Ave. for various half-hearted lampshade lies used to cover various shortcomings and poor decisions. Regular readers are well-familiar with our ongoing complaint about how the company […]
US Government Imposes Ban on Incoming Chinese Passenger Flights
As the tensions between the US and China continue to rise, the Trump administration has decided to address China’s current ban on incoming US carrier flights. As a move meant to increase pressure on China, the US government has decided to ban Chinese passenger airlines from making scheduled flights into the US effective June 16. […]
Consumer Spending Data Compiled by the US Bureau of Economic Analysis Significantly Inaccurate
The US federal government has been issuing a monthly report which measures consumer spending. The report has been particularly vital during the coronavirus pandemic, as it provides a vital perspective on the well-being of the US economy. For the month of April 2020 for example, consumer spending on rent increased by $1.6 billion to $639 […]
Harvest Moon: Khiron Life Sciences Q1 By The Numbers
Although there is no eye popping metrics ‘numbers wise’ this quarter, management is still taking Khiron Life Sciences (TSXV: KHRN) in the right direction. While profit margins were dwindling across the sector, in tandem with long term debt and goodwill skyrocketing within the last year, the gross margin of Khiron was a formidable +17% year […]
Home Sales in the Greater Toronto Area Show Signs of Rebound in May
When the coronavirus pandemic made its way into Canada in February, a series of lockdown measures and stay-at-home orders were imposed, causing the housing market to become completely stagnant. By March, home sales in the Greater Toronto area were at a historical low, and both sellers and buyers exited the market for the time being. […]
Falcon Gold Increases BC Land Claims
Falcon Gold (TSXV: FG) has acquired additional claims along the Spitfire-Sunny Boy trend in Meritty, BC. The claims include an additional 500 meters of contiguous strike length, which increases the total coverage of the Master Vein gold zone to over 1.1 kilometres. Historically sampling up to 50.33 ounces of gold per tonne, fieldwork completed along […]
Guyana Goldfields Receives Superior Offer Of $1.85 Per Share From Unnamed Vendor
As it turns out, the Guyana Goldfields (TSX: GUY) acquisition by Silvercorp Metals (TSX: SVM) saga does not yet appear to be over. The company announced after the bell last night that it has received an offer that is far superior, and honestly, quite baffling, from an unnamed “New Offeror,” whom is referred to as […]
West Red Lake Gold Mines Is Drilling and Building On Their 1.1M Oz Deposit
West Red Lake Gold Mines (CSE: RLG) is a junior explorer, located in the prolific Red Lake gold camp, as its name implies. The company currently has assembled a 3100 hectare property that encompasses three former gold mines on property just west of Evolution Mining. The key objective of the company is to expand on […]
Zenabis Global Manages To Push Off Further Debt Maturities
Zenabis Global (TSX: ZENA) this morning announced further changes to outstanding debt that was coming due in the near term. The company has managed to push out the maturity date of certain subordinated secured convertible notes, which were originally ussed in late 2018 and have since been amended twice. The debt in question consists of […]
Datametrex Receives Government Clearance To Ship COVID-19 Test Kits
Datametrex AI Limited (TSXV: DM) has received government clearance to fulfill its previously announced purchase order. The order, for an initial 10,000 COVID-19 test kits, will be shipped directly from the manufacturer to the mining firms operations in Mali, West Africa. The total purchase order is for a gross amount of $500,000, which excludes the […]