CloudMD Closes $13 Million Financing, Announces Up-Listing
CloudMD Software & Services (CSE: DOC) this morning announced that it has closed its previously announced financing, raising gross proceeds of $14.95 million. Further, the company has received approval to list its common shares on the TSX Venture, effective June 4, 2020. A total of 21,357,800 units of the company were sold in the bought […]
Hive Blockchain Enters New Agreements For Iceland Operations
Hive Blockchain Tech (TSXV: HIVE) this morning announced that it has entered into new hosting and management agreements for its GPU-based high performance computing equipment in Iceland. Effective June 1, the new agreements are expected to significantly improve the profitability of operations in the country. Overall, the new agreements are anticipated to reduce monthly facility […]
Falcon Gold Intersects 10.17 g/t Gold Over 3 Meters At Central Canada Project
Falcon Gold Corp (TSXV: FG) this morning released its first assay results from drilling at the Central Canada Gold project in Ontario. Highlights of the drill results include 10.17 grams per tonne gold over 3 metres, with gold mineralization occurring to a depth of 83 metres. Gold has been discovered in a strongly deformed granite […]
NewLeaf Brands Announces Move Into Mycology R&D Facility In Denver
NewLeaf Brands (CSE: NLB) this morning announced that it has completed its wholly owned and operated R&D and product development lab in Denver, Colorado. The lab will be utilized by the firms Mydecine division for the purpose of researching mushrooms for human wellness. The facility, 7,500 square feet in size, is said to include chemical […]
Canopy Growth Sees Numerous Analysts Lower Price Targets
On Friday, Canopy Growth (TSX: WEED) (NYSE: CGC) reported results before the market opened, missing analyst expectations alongside $743 million in impairment and restructuring charges. Revenue was C$107.9m, while estimates ranged from C$124m to C$134.4m. Gross sales came in lower for three out of four divisions, with Canadian cannabis revenues coming in at $51.6m while […]
Canadian Consumer Spending and Economic Output Plummet Amid Coronavirus Pandemic
According to the latest data released by Statistics Canada, the Canadian economy has contracted by the most since the financial crisis of 2008. GDP has fallen by an annualized rate of 8.2% in the first quarter, meanwhile output has decreased by 11% for the month of April. However, as restrictions are being slowly lifted across […]
Eguana Tech Records $4.4 Million In Year To Date Revenues
Eguana Technologies Inc (TSXV: EGT) this morning filed its second quarter 2020 financial results, reporting quarterly revenues of $1.6 million and year to date revenues of $4.4 million, a record for the energy storage firm. Revenues improved on a year over year basis from $1.0 million to $1.6 million, while gross margins improved from $67,770 […]
CloudMD Posts Record Revenues of $3.1 Million
CloudMD Software & Services (CSE: DOC) this morning released its first quarter 2020 financials, reporting record revenues of $3.1 million at a gross margin of 41%, an increase of 178% on a year over year basis. The firms revenues consisted of $2.6 million within its clinic services and pharmacies division, while $0.4 million came from […]
Hexo Sees Belleville Facility, Including Truss Production Space, Fully Licensed By Health Canada
Hexo Corp (TSX: HEXO) (NYSE: HEXO) announced this morning that it has secured a sales license, as well as an expanded production license for its Belleville, Ontario facility. While licensing news is rather insignificant as of late within the Canadian cannabis sector, the license is significant for the company in that the expanded licensed area […]
Osisko Mining Conducts $150 Million Bought Deal Financing
Things are heating up again in the Canadian resource space, particularly in the gold sector. Osisko Mining (TSX: OSK) announced this morning that it will be conducting a $150 million bought deal financing, with Canaccord Genuity Corp and Eight Capital acting as co-lead underwriters. Under the terms of the financing, the company will see 41,100,000 […]