Online Retail Sales Climbed 99.3% As Coronavirus Raged
A new report released yesterday by Statistics Canada has indicated that the coronavirus pandemic has been very bullish for ecommerce retailers. From February to May 2020, retail e-commerce sales climbed 99.3%, nearly doubling, while total retail sales fell 17.9%. While to a certain extent the results were unsurprising – lockdowns in the current age will […]
CR Capital Closes Final Tranche Of $1.0 Million Placement
CR Capital Corp (TSXV: CIT) announced after the bell last night that it has closed its second and final tranche of its non-brokered private placement, raising cumulative gross proceeds of $1.0 million. The final tranche consisted of total gross proceeds of $185,200. The second tranche contained a combination of flow through units and hard dollar […]
Migration of Businesses Out of New York City Has Leaders Beginning to Worry
As coronavirus cases continue to mount to new record highs, many Americans have been fleeing the city life for alternative housing areas that carry less risk. This sudden migration out of city centres is now being followed suit by companies that have been relocating their offices out of city centres in order to better accommodate […]
The Abitibi Greenstone Belt: One of the World’s Richest Gold Regions
For investors who like to participate in the mining sector, and junior mining in particular, familiarity with the Abitibi Greenstone Belt in Canada is essential. The Abitibi is the world’s largest mineral-rich greenstone geological belt, hosting many major gold and base metal deposits. It is a 450 km long by 150 km wide geological structure […]
Hertz To Offload 182,000 Vehicles By Year End In Debt Cutting Deal
Hertz Global (NYSE: HTZ) will be required to sell approximately 182,000 vehicles from its rental fleet in the latest deal that it has struck with lenders. The arrangement is part of a deal to cut debt owed to lenders from US$11 billion to that of US$5 billion. We’ve extensively covered the story of the downward […]
Champignon Brands Files Required Disclosures With Exchange, Resumption Of Trading In Hands Of BCSC
Champignon Brands (CSE: SHRM) has completed the regulatory filings required as per the review previously initiated by the British Columbia Securities Commission (BCSC). With the documents filed late in the day on Tuesday, the company announced late this afternoon that it is now in compliance with the required filings. The company was initially halted from […]
Stifel Reinitiates Coverage On Eight Cannabis Operators
Earlier this week, Stifel released a new report on cannabis operations, focused predominantly on US-based multi state operators, while re-initiating covering on several issues. Within, Stifel projects sales from already legal states to have a compound annual growth rate of ~30% over the next three years to reach ~U$25 billion. The firm calls US Cannabis […]
Ontario to See Economic Losses of $180 Million Following Elimination of Cannabis Delivery, Curbside Pickup Services
Ontario’s provincial government recently unveiled it will no longer allow cannabis retailers to provide product delivery or curbside pickup within the province, with deliveries halting as of last night. Back in April, Ontario’s privately-operated cannabis stores were granted approval to provide additional services to their customers as part of the province’s COVID-19 emergency order. However, […]
Market Movers: SONA Nanotech, Again
Sona Nanotechnologies Inc. (CSE: SONA) has been a fixture of the CSE’s dollar-weighted volume leaders in the COVID era, and put up price action yesterday that pushed all other work to the side of The Deep Dive‘s West Coast desk. SONA climbed $3.09 (+28%) to close at $14.19 Thursday. The all-time high gives the Halifax […]
Spot Gold Crosses $1,900, Gold December Futures Contract Hits All Time High Territory
The price of gold continues to climb as investors clamor to get a bit of the action. The precious metal passed the significant $1,900 mark this morning in spot pricing terms as it continues its climb, evidently on its mission to reach all time highes of $1,921 set in 2011. The recent climb of the […]