American Lithium Reduces Royalty, Increases Land Claims At Flagship Property
American Lithium (TSXV: LI) is bolstering its flagship project in Nevada, announcing this morning that it would be repurchasing a portion of the outstanding royalty on the property in addition to entering an agreement to expand the land claim for the project. With respect to the repurchasing of a royalty currently outstanding on the property, […]
Continued Low Employment Levels Suggest Canada’s Job Recovery has Slowed Down
Despite the Canadian economy reopening alongside the lifting of various restrictions, it appears the job market may have stumbled into a hurdle already. According to recent data released by Nanos Research, the number of Canadians returning to work following the coronavirus pandemic has remained relatively unchanged. In June only about 30% of Canadians have been […]
Modern Meat To Conduct Warrant Financing At $1.11 For Marketing Purposes
Bridgemark is at it again. Modern Meat (CSE: MEAT) this week announced that it is conducting a non-brokered private placement for the sale of common share purchase warrants of the equity. In total, the company is looking to raise $500,000, which it intends to spend on marketing and investor relations activity, along with general corporate […]
Freegold Announces $30 Million Placement, Sprott To Take 66% Of Financing
Freegold Ventures Limited (TSX: FVL) last night announced that it is conducting a $30 million best efforts brokered private placement to fund ongoing exploration of the companies properties. Most significantly, mining magnate Eric Sprott has indicated that he intends to take down a majority of the raise himself. The private placement will see subscription receipts […]
Aleafia Completes Outdoor Planting On 66 Acres
It appears that poor sector tailwinds have yet to slow down Aleafia Health (TSX: AH) and their cultivation plans. The company issued a corporate update this morning, announcing that they had completed the planting of their outdoor crop, while simultaneously scaling up their greenhouse operations. With respect to their outdoor initiatives, Aleafia Health now has […]
Acreage Holdings Fined $250,000 By Massachusetts Cannabis Control Commission
Acreage Holdings (CSE: ACRG.u) has settled its affairs with the state of Massachusetts regarding previously terminated management services agreements. The announcement was tucked into the end of a news release wherein the company identified it has been granted two new provisional adult-use sales licenses in the state. The fine issued by the State amounts to […]
Monterey Minerals Closes $1.2 Million First Tranche of Financing
Monterey Minerals (CSE: MREY) has closed the first tranche of the private placement announced earlier this week. The junior gold explorer raised gross proceeds of $1.18 million within the first tranche, as a part of the $1.5 million financing. An aggregate 23,510,000 units were issued under the tranche, with each unit consisting of one common […]
US Coronavirus Cases Continue to Soar Following July Fourth Holiday Weekend
Although the US has been adamantly reopening its economy and lifting restrictions across many states, with the US president even threatening to cut funding to schools that do not reopen for the upcoming school year, the country’s coronavirus cases continue to rise at record levels. According to data collected by John Hopkins University, Wednesday saw […]
Ontario Pot Shops No Longer Allowed To Offer Pickup And Delivery
As provinces lift coronavirus restrictions and allow for emergency orders to expire, there is going to be at least one sector of business suffering from the forthcoming changes. Ontario’s emergency order is slated to expire on July 15, meaning that some of the temporary measures enacted in April will have to come to an end […]
Canadian Federal Government Releases Fiscal Update Regarding Mounting Coronavirus Costs
As Canada begins the economic recovery phase from the coronavirus pandemic, the federal government has finally been able to provide Canadians with a fiscal update regarding the actual financial burden stemming from the deadly virus. According to the fiscal update which was released on Wednesday, Finance Minister Bill Morneau is anticipating a $343 billion shortfall, […]