Supreme Cannabis Issues 116.6 Million Common Shares In Exchange For $63.5 Million In Debentures
The Supreme Cannabis Company (TSX: FIRE) has finally begun to solve one of its pressing problems that its been faced with for the last two years. This evening, Supreme announced that it has managed to convert $63.5 million worth of its outstanding 6.0% senior unsecured convertible debentures into common shares of the equity at a […]
Tinley Beverage Announces Inaugural Product Shipment From Long Beach Facility, Issues Corporate Update
Tinley Beverage Co (CSE: TNY) released a whirlwind of a corporate update this evening, providing the market with an updated status on a number of pressing issues which include the firms foray into Canada, commissioning of the Long Beach facility, and the expansion of the Beckett’s brand throughout North America. First and foremost – Tinley’s […]
Construction Projects in Canada Show Signs of Slowdown as Building Permit Values Fall by 3% in July
It appears that the momentum in Canada’s construction sector is beginning to show signs of a slowdown. According to latest data released by Statistics Canada, the month of July saw the value of building permits decline by 3% to a total of $7.8 billion. The sudden decline in building permits can be attributed to a […]
Canaccord Initiates Coverage On Skeena Resources With $5.00 Price Target
Canaccord Genuity has initiated coverage on Skeena Resources (TSX: SKE) with a C$5 price target and a Speculative Buy rating. Their mining analyst Kevin MacKenzie comments on the story as “revitalizing a Canadian classic.” MacKenzie said that this is “a clean and clear story.” Back in 2017, Skeena and Barrick Gold signed an option agreement […]
Pretium Resources Announces Departure of CFO From Firm
Pretium Resources (TSX: PVG) (NYSE: PVG) this morning announced the departure of its chief financial officer Tom S.Q. Yip. While its unclear what terms the departure is on, Yip will be leaving the company at the end of October as mutually agreed between Pretium and Yip. Taking Yip’s place will be that of Matthew Quinlan, […]
Revive Receives Approval From Independent Review Board For Phase Three Study
Revive Therapeutics (CSE: RVV) is one step closure to commencing its phase three clinical trials for the use of Bucillamine in patients with mild-moderate COVID-19. The company announced this morning that its protocol to evaluate the safety and efficacy of the drug has received approval from an independent institutional review board, pushing the firm to […]
Nickel Creek Platinum CEO Resigns To Pursue Better Opportunities In Precious Metals Sector
Nickel Creek Platinum Corp (TSX: NCP) has seen its President and CEO resign to pursue a better opportunity in the precious metals sector. The resignation, effective September 7, will see the firms current chairman, Myron Manternach, assume the role of interim president until a replacement has been found. Further justification for Garrett’s departure from the […]
Zenabis Sees Cannabis Sales Volumes Increase 20% Over Prior Quarter
Zenabis Global (TSX: ZENA) this morning provided a small update on the status of product shipments this morning, indicating that the first shipment to Australia has been completed from its Atholville facility. The shipment was completed on August 28, 2020. The company is currently expected to have quarterly sales to the country of approximately 100 […]
BMO Lowers Revenue Forecast For OceanaGold Following COVID Outbreak
OceanaGold Corp (TSX: OGC) provided a corporate update to their investors on August 27. Included within the update they indicated that the Haile operation had roughly 220 workers go into self-isolation, which slowed down operations materially. Since June, the company has had 18 confirmed positive COVID cases and three presumptive cases. For those reasons they […]
Amazon Purchases 1,800 Electric Vehicles From Mercedes-Benz, Delivery To Begin This Year
Amazon is forging ahead with its Climate Pledge, announcing Friday that it has ordered more than 1,800 electric vehicles from that of Mercedes-Benz. The order is the largest commitment for Merecedes electric vehicle fleet yet, while making Amazon its largest sustainable transportion partner. The order will see the majority of vehicles purchased, over 1,200, be […]