Tinley Beverage Sees Long Beach Facility Licensed, Co-Pack Revenues Anticipated In Current Quarter
Tinley Beverage Co (CSE: TNY) this afternoon announced that its bottling facility in Long Beach, California has passed all remaining municipal inspections, while receiving a provisional cannabis manufacturing license from the State of California. Production is anticipated to begin in July at the firms flagship phase 3 facility, with co-packing revenue anticipated to begin in […]
New Home Sales in the US Show Signs of Rebound in May
Despite the economic turmoil caused by the coronavirus pandemic, it appears that some parts of the housing market are beginning to show signs of a rebound after all. Although previously owned home sales fell by 9.7% in May, new home sales on the other hand showed a rebound that many analysts were not anticipating. According […]
Canadian Aluminum Exports To The US May Become Subject To 10% Tariff
Due to the coronavirus pandemic bringing the US economy to a sudden standstill, many domestic producers found themselves in a slump. American aluminium producers have lost a significant portion of their demand which in turn caused sales and prices to drop. As a means of easing the financial downturn for aluminum manufacturing companies in the […]
Freeman Gold Sees Bought Deal Upsized to $9.0 Million
Freeman Gold Corp (CSE: FMAN) has upsized its bought deal financing announced this morning from $6.5 million to that of $9.0 million, a nearly 50% increase in the original placement amount. The increase was due to strong demand for the offering. Under the upsized bought deal financing, the company will now be selling 18,000,000 common […]
Spotlight Series: West Red Lake Gold Mines With Executive Chairman Tom Meredith
West Red Lake Gold Mines (CSE: RLG) is the latest focus of our Spotlight Series, where we bring you market insights directly from industry insiders. Today we’re chatting with Executive Chairman Tom Meredith to determine what is so unique about the opportunity West Red Lake Gold provides to the market. West Red Lake is a […]
Continuation Of Cheap Crude Oil Prices Could Be The End of US Shale Companies
The coronavirus pandemic has created significant hurdles for the global energy production markets, with reduced oil demand and collapsing prices. However, it appears the US shale industry will be the subject of a larger extent of impairments in the coming while. According to accounting firm Deloitte, the US shale industry is poised to suffer substantial […]
Superior Gold Releases Further Drill Results For Plutonic Gold Mine
Superior Gold (TSXV: SGI) this morning announced further results from its underground drill program at its Plutonic Gold mine in Western Australia. A total of 2,350 metres of drilling was conducted via 17 drill holes, with highlights including 40.4 grams per tonne gold over 6.50 metres including 232.0 grams per tonne gold over 0.90 metres. […]
Datametrex Sees Second Sale Of COVID-19 Test Kits To Canadian Mine Operator
Datametrex AI Limited (TSXV: DM) is in the business of recurring sales evidently. The company announced this morning that it has completed shipment of a second $500,000 purchase order to an undisclosed Canadian mining giant, demonstrating recurring demand for COVID-19 test kits within the mining industry. The gross sales figure for the second purchase order […]
Auxly Signs Manufacturing And Distribution Deal With Dosist
Auxly Cannabis (TSXV: XLY) this morning announced that its PEI-based subsidiary Dosecann has entered into an agreement to be the exclusive manufacturer, distributor and seller of Dosist branded cannabis products. A value was not placed on the arrangement. Under the terms of the agreement, dosist is stated to provide Dosecann “with an exclusive license to […]
Freeman Gold Conducts Bought Deal $6.5 Million Financing
Freeman Gold Corp (CSE: FMAN) this morning announced that it is conducting a bought deal private placement for proceeds of $6.5 million. The financing is being conducted by a syndicate of underwriters, co-lead by Canaccord Genuity and Stifel GMP. The impressive part of the financing, is the fact that there is no warrant attached. Rather, […]