Organigram Holdings Loses $89.9 Million In Third Quarter, Revenues Fall
Revenue at Organigram Holdings (TSX: OGI) (NASDAQ: OGI) continues to fall. The company this morning reported net revenue of $18.0 million, a decline from last quarters figure of $23.2 million, and the previous years figure of $24.8 million. The company also posted a net loss of $89.9 million, despite “generating net positive cash flow from […]
Max Resource Signs Confidentiality Agreement With Second Party For Cesar Project
It appears that the demand for copper assets is climbing. This morning, Max Resource Corp (TSXV: MXR) announced that it has entered into a non-exclusive confidentiality agreement with a “global miner” in relation to its Cesar project in Colombia. The non-exclusive agreement, while having little details surrounding it, suggests that a second party is interested […]
Market Movers: Blackrock Gold Corp Soars On Assay Results of 2,198 G/T Silver Equivalent
Blackrock Gold Corp (TSXV: BRC) is one of today’s largest movers and shakers, having traded over 3.42 million shares on the results of recent assays conducted at its 100% owned Tonopah, Nevada property. The equity soared as high as $0.84, before settling currently at $0.70 at the time of writing, a price movement of 62.8% […]
Gold Prices to Reach Record Highs in Coming Months: Citigroup
Over the last several weeks, gold prices have been rallying in an attempt to surpass the decade’s record amid the coronavirus-induced market volatility. According to Citigroup analysts however, the gold market’s bullish factors could push prices to even further records amid increased monetary policy, rising ETF inflows, increased asset allocation, and low real yields. Within […]
Valens Sees Eight Capital, Haywood, Canaccord Slash Price Targets Following Q2 Financials
Last Wednesday, The Valens Company (TSX: VLNS) released its financial statements for the second quarter of 2020. Reported revenue came in at $17.6 million, which was below the consensus estimate of C$20.3 million. Canaccord Genuity’s estimate of C$18.4m was slightly off, but actual revenues were in line with Raymond James estimate of C$17.4m. Lower revenue […]
Bhang Issues 19.5 Million Shares, 11.9 Million Warrants As It Attempts To Repair Balance Sheet
Bhang Inc (CSE: BHNG) appears to be in the process of blowing out its share structure as it looks to slash debt from its balance sheet. The company announced this morning that it has completed a “number of transactions” with that of Cannabis Growth Opportunity Corp (CSE: CGOC), largely focused on settling debt through the […]
ImmunoPrecise Repays $2.75 Million In Debt, Sees $3.8 Million In Warrants Exercised
ImmunoPrecise Antibodies (TSXV: IPA) announced this morning that it has managed to remove outstanding convertible debenture debt from its balance sheet, with the company managing to pay off the remaining debt associated with the April 2018 issuance. Further, the company also announced that it has raised a total of $3.8 million from the exercise of […]
Gran Colombia Reports Assays On 75 Drill Holes At Segovia
Gran Colombia Gold (TSX: GCM) this morning released drill results from 75 separate drill holes at its Segovia operations, a property made up of multiple mines in close proximity to each other. The results are comprised of 10,523 metres of diamond drilling, which was conducted both in the mines and near mines as the company […]
Meta Growth Postpones Q3 Results, Acquires Two Ontario Retailers
The price of recreational cannabis operations appears to be falling as of late. Meta Growth (TSXV: META) announced this morning that it has executed definitive agreements to acquire two additional recreational stores in the province of Ontario, one of which was previously branded as a Meta store. The two stores are located in Waterloo and […]
Canadian Non-Farm Payroll Employment Shows Significant Increase In June, After Revised Drop of 2,951,400 Jobs in May
As many businesses have begun to reopen and Canadians have been returning to work following the easing of restrictions, the labour market has been experiencing a growth in employment across various sectors. According to the ADP Research Institute, which analyzes monthly non-farm payroll data on a seasonally-adjusted basis, employment numbers increased by 1,042,900 from May […]