Spotlight Series: Riverside Resources With CEO John-Mark Staude
Riverside Resources, listed on the TSX Venture exchange under the symbol “RRI”, is a unique take on the resource sector. The company bills itself as a prospect generator, with its business model focused on utilizing its database and experienced technical team to acquire and discover new potential exploration assets. The model has evidently worked very […]
Chart Party: What Direction Is Gold Headed?
A sharp drawdown in the gold price this past Tuesday stuck those of us betting the delayed-inflation trade with a gut-wrenching coaster-drop feeling. The 6% drop followed a 3% drop Friday that gold longs were eyeing up as a reasonable bull-market correction. The long gold trade had a feeling like it was out at the […]
Warren Buffet Buys 20.9 Million Shares of Barrick Gold, Sells Remainder of Stake in Goldman Sachs
It appears that Barrick Gold (TSX: ABX) (NYSE: GOLD) has a lot of reason to celebrate, as the gold exploration company has caught the attention of Warren Buffet. According to a regulatory filing, Buffet’s Berkshire Hathaway has purchased a total of 20.9 million shares in Barrick in the second quarter of 2020, which amounts to […]
Total Number of Global ETFs Surpass Public Company Count, Suggesting Vast Market Disparity Exists
There are many widely-known benefits of owning ETFs because they allow investors to gain exposure to the stock market while encompassing diversification and risk mitigation. As such, they have been the go-to for both issuers and buyers. Now however, amid all the stock market chaos brought on by the pandemic, a startling realization comes to […]
Trulieve: Five Analysts Raise Price Targets Following Stellar Earnings
Trulieve Cannabis (CSE: TRUL) reported their second-quarter financial results this week, boasting a record U$120.8 million in revenue, up 26% quarter to quarter, and above Refinitiv’s estimate of U$106.1 million. Adjusted EBITDA came in at U$60.5 million, and they had a free cash flow of U$39.6 million. Gross margins came in at ~77%. Trulieve announced […]
Riverside Completes Spin-Out of Capitan Mining
Riverside Resources (TSXV: RRI) has completed the spin out of shares of Capitan Mining (TSXV: CAPT) as of this morning. The spin out saw 100% of the interest in the Peñoles gold-silver project placed into a new public vehicle, which expects to list on the TSX Venture by the end of the month. Under the […]
Supreme Cannabis, Wiz Khalifa Mutually Part Ways
It appears that music icon endorsements and branding isn’t all that its cracked up to be, especially in a market that heavily limits advertising and promotion. Supreme Cannabis (TSX: FIRE) announced this morning that it has terminated their exclusive consulting services agreement with Khalifa Kush Enterprises Canada on a mutual basis. Khalifa Kush, sold under […]
Zenabis Posts Revenues of $27.4 Million, Loss of $15.8 Million For Q2 2020
Zenabis Global (TSX: ZENA) reported their second quarter 2020 financials results this morning, with mixed success. While revenues grew on a quarter over quarter basis to $27.4 million, the company posted declining quarterly cannabis revenues, while its propagation segment was down on a year over year basis. The company posted a net loss of $15.8 […]
Revive Therapeutics Signs MOU With Attwill Medical, Manufacturer For Vaxart, For Phase 3 Clinical Trials
Revive Therapeutics (CSE: RVV) (OTC: RVVTF) is one step closer to conducting its phase 3 clinical trials for the use of Bucillamine in the treatment of COVID-19. The company announced this morning that it has signed a memorandum of understanding with Attwill Medical Solutions Sterilflow, LP to establish the firm as a resource for clinical […]
iAnthus Reports Q1 2020 Revenues of $30.4 Million, Loss of $237.3 Million
Unbelievably, iAnthus Capital Holdings (CSE: IAN) filed their first quarter 2020 financial results this morning, revealing revenues of $30.4 million and a comprehensive loss of $237.3 million for the period ended March 31, 2020. The massive loss is the function of significant impairments of assets that the company was required to take. With revenues of […]