Spruce Ridge Resources To Commence Drilling At Newfoundland Copper Project
Spruce Ridge Resources (TSXV: SHL) this morning announced that it is intending to immediately commence a 3,000 metre drill program at its Great Burnt Copper Deposit in central Newfoundland. The company has indicated that the drill program will be focused on firming up the current mineral resource estimate at the copper property. The Great Burnt […]
Liberty Health Reports FY2020 Revenues of $50.1 Million, Net Income of $22.3 Million
Liberty Health Sciences (CSE: LHS) reported its fourth quarter earnings this morning, reporting revenues of $17.8 million for the quarter ended February 29, 2020. Full fiscal year revenues came in at $50.1 million, a significant increase from FY19’s figure of $10.0 million. Costs of goods sold for the full fiscal year came in at $19.9 […]
Auxly Cannabis Draws Fourth Tranche On Debenture Standby Facility
Auxly Cannabis (TSXV: XLY) by all accounts is continuing to burn through cash. The company drew down its fourth tranche of financing under its $25 million standby convertible debenture facility today, bringing the total funds pulled to $9.25 million. Originally announced on April 28, the latest tranche comes a little over two weeks from the […]
Garibaldi Resources Announces 2020 Exploration Program
Garibaldi Resources (TSXV: GGI) this morning announced that it has started its drill program for the 2020 exploration season at the firms flagship Nickel Mountain project, located in BC’s Golden Triangle. Details on the size of the program were not provided by the company. The exploration program is said to be largely focused on the […]
Australis Capital Sees Shareholder Issue Statement Condemning Passport Transaction
Australis Capital (CSE: AUSA) has seen a shareholder go head-to-head with the company over the announcement yesterday that the company would be purchasing Passport Technologies, a fintech firm majority owned by Australis’ CEO. The shareholder, Roger Sykes, outlined a number of concerns while pleading to shareholders to reject the transaction. Sykes primary statement is that […]
WHO Warns Coronavirus Outbreaks Have Not Reached Peak in Americas Yet
As the number of coronavirus cases reaches 10 million worldwide, the World Health Organization (WHO) is issuing a grim statement of what is yet to come for countries in the Americas. According to the WHO, countries in the America such as South, Central, and North America have not reached the peak of infection rates. On […]
Acreage Holdings Writes Off $196 Million In First Quarter
Acreage Holdings (CSE: ACRG.u) reported its first quarter revenues this evening via press release, reporting revenues of $24.2 million, an increase of 15% on a quarter over quarter basis. Net loss attributable to Acreage for the quarter came in at an outstanding $172 million. Losses were pushed high due to non-cash pre-tax charges of $196.0 […]
US Threatens New Tariffs on $3.1 Billion European Imports
Canada may soon not be the only one targeted by new US tariffs. It appears the US Trade Representative has embarked on a tirade of new house-keeping rules, and wants to impose new tariffs on approximately $3.1 billion worth of exports from EU countries such as the UK, France, Spain, and Germany. The tariffs would […]
Oil Tumbles On Unanticipated Inventory Increase
It appears that volatility in the oil industry has far from subsided amid the ongoing coronavirus pandemic. Oil prices spiralled once again, with WTI Crude falling as low as $37.10 on Wednesday. The oil price slide comes after the API released an update regarding a sudden increase in crude inventory builds. Analysts had previously projected […]
Retail and Office Tenants Anticipate Increasing Costs, Reduced Revenue Due to Coronavirus
As a result of the coronavirus pandemic, the commercial real estate industry has been struggling to make ends meet while adhering to ever-changing health regulations. According to a recent Colliers Canada survey which sampled 445 various-sized tenants across the country, both retail and office tenants have been significantly impacted since the implementation of economic lockdowns […]