Zenabis Reduces Sales Price On Delta Facility
It appears that the asset sale of Zenabis Global’s (TSX: ZENA) Delta facility isn’t exactly going according to plan. The company has listed the property with Colliers International, while having it featured on “UniqueProperties.ca,” an affiliate of the real estate firm. The listing appears to have been filed in early June, well after the April […]
Granada Gold Mine Begins On Site Study For Mill At Flagship Property
Granada Gold Mine (TSXV: GGM) announced this evening that it is conducting gap analysis to amend a current certificate of authorisation for a mill at the firms Granada property in the Abitibi region, near Rouyn-Noranda, Quebec. The company has retained Tetra Tech to conduct the analysis for the firm. The need for the mill is […]
Kirkland Lake: Canaccord Maintains $68 Price Target, Buy Rating
On Wednesday, July 1, during market hours Kirkland Lake Gold (TSX: KL) reissued it’s 2020 guidance. The company had originally withdrawn guidance on April 2 as a result of COVID-19 and the unknown implications it would have on operations. Kirkland’s revised guidance is for 1.35 – 1.40 million ounces of gold to be produced at […]
Revive Therapeutics Director Signs Manufacturing Arrangement With Vaxart
It appears that Revive Therapeutics (CSE: RVV) has a budding superstar on its board of directors. Last week, Revive’s independent director William Jackson saw his private company sign a significant manufacturing agreement with that of Vaxart Inc, a clinical stage biotech firm that is focused on develop oral tablet vaccines. Last Thursday, Vaxart Inc (NASDAQ: […]
Datametrex Signs $2.6 Million Sales Contract For AI Tech
Datametrex AI Limited (TSXV: DM) appears to be firing on all cylinders. The company this morning announced a significant $2.6 million sales agreement, this time for its technology rather than COVID-19 test kits. The arrangement is with that of SeeS Solutions Inc, a server operation automation and management provider. The agreement will see Datametrex’s AI […]
WeedMD Amends Credit Facility, Delays Repayments And Financial Covenants
WeedMD Inc (TSXV: WMD) announced this morning that it has signed an amendment to its outstanding $39 million credit facility with the Bank of Montreal. The facility was original signed in March 2019, and utilized to enable the firm to exercise its option to acquire its Strathroy, Ontario facility in full. The agreement, which has […]
Tinley Sees Cannabis Manufacturing License Granted To Long Beach Facility
The Tinley Beverage Company (CSE: TNY) is officially fully licensed for cannabis manufacturing at its flagship Long Beach, California facility. The company has seen the State of California issue a full manufacturing license for the facility following the conditional business license issued by the City of Long Beach. As a result of being fully licensed, […]
Dr. Fauci Issues Grim Forecast for US Coronavirus Outbreak, Daily New Cases Could Reach 100,000
As the coronavirus pandemic continues to spiral out of control south of the border, White House health advisor Dr. Anthony Fauci has issued a grim statement. As infections are rising by nearly-exponential values with at least 40,000 new cases reported in the US each day, up from an average of 22,000 daily cases in May, […]
Alberta’s Credit Rating Downgraded to AA- Amid Increase in Government Spending During Pandemic
Despite the continued rise in coronavirus cases, the Alberta government has started the economic recovery process as a means of getting out of the coronavirus-induced financial slump. However, in the wake of increased borrowing during the pandemic, the province’s government is now facing an inconvenient setback. The US-based credit rating agency Fitch Ratings has downgraded […]
Canada’s GDP Falls by 11.6% in April
As economic data continues to accumulate amid the coronavirus pandemic, the severity of Canada’s economic slump has come into focus. According to recent data released by Statistics Canada, GDP decreased by 11.6% in the month of April, compared to a drop of only 7.5% in March. Given that April was the first entire month that […]