Auxly Cannabis Sees Q2 Revenues Fall to $8.6 Million, Net Loss Hits $29.2 Million
Auxly Cannabis (TSXV: XLY) announced its second quarter financial results this morning, reporting declining net revenues of $8.6 million, along with a net loss of $29.2 million for the period ended June 30, 2020. Revenues consists of $6.8 million in cannabis net revenue, along with $1.8 million in research revenues. The company blamed the decline […]
Canopy Growth Moves Into Alberta Retail Market With Ten Locations
Canopy Growth (TSX: WEED) (NYSE: CGC) evidently has its eyes on the Albertan market. The company announced this morning that it will be focusing on its retail expansion within the province, with the firm expected to open a total of ten stores over the next week under the Tokyo Smoke and Tweed retail banners. While […]
iAnthus Responds to “Misinformed Shareholders”
iAnthus Capital Holdings (CSE: IAN) this morning issued a news release to address what it refers to as its “misinformed shareholders” in regards to voting in the matter of the recapitalization transaction. Within, the company addresses what it identifies as five major flaws in the thinking of its shareholders that are against the proposed transaction, […]
Vireo Health: Canaccord Lowers Revenue Estimates, Reiterates Price Target
Vireo Health (CSE: VREO) reported its second-quarter financials’ on August 26th, indicating revenue for the period was $12.2 million, a 70% year over year increase. Retail revenue was $9.2 million, a 46% increase year over year and was attributed to greater patient enrollment and higher average revenue per person. Wholesale revenue was $1.6 million, or […]
Xander Resources Acquires Permits For Fenelon Property
Xander Resources (TSXV: XND) has secured the required permitting for its 100% owned Blue Ribbon Property, located in the Fenelon Gold camp. The permitting will enabled the company to continue with its exploration of the property. Located near Fenelon, the Blue Ribbon Property currently borders claims held by Prove Metals (TSXV: PRB), Midland Exploration (TSXV: […]
Merger Of The Greats: Stifel Provides Green Thumb, Trulieve Merger Rumour Thoughts
In a note sent to investors this morning, Andrew Partheniou of Stifel GMP headlined, “A thought piece on GTII-TRUL merger chatter.” As there has been growing speculation of a Trulieve Cannabis (CSE: TRUL) and Green Thumb Industries (CSE: GTII) merger. Partheniou walks us through the details. In the scenario, Partheniou believes Green Thumb would buy […]
Mining The Metals Correction: Impact Silver
As the stock market continues to pervert the nation’s youth, it often feels like it’s a tic tok trader’s market, and the rest of us are just trading in it. The sell side is reacting with sexed-up venture stage offerings designed to play on The Gram, and spawned various sectors along the way. The COVID […]
SilverCrest Metals Acquires Property Near Las Chispas Project
SilverCrest Metals (TSX: SIL) this morning announced the purchase of its latest project, referred to as the El Picacho Property, located in Sonora, Mexico. The property, acquired for US$1.6 million, consists of 11 mining concessions covering 7,060 hectares. The acquisition of the property first started in 2016, when SilverCrest first kicked tires on the project. […]
Vegaste Tech Introduces PlantX Branded Glacial Water To Market
Vegaste Technologies (CSE: VEGA) is getting into the water business. The company announced this morning that it has begun selling branded PlantX branded glacial water on its e-commerce platform, in addition to retailers with sales already having commenced. The product, despite its recent launch, has already found itself on store shelves of Liv Marketplace locations […]
K92 Mining Releases Assays From Twelve Drill Holes At Kora Deposit
K92 Mining (TSXV: KNT) this morning released results from drilling that is ongoing at its Kora deposit at the Kainantu gold mine, located in Papua New Guinea. The results published today were for twelve diamond drill holes recently conducted on site, with the highlight being an intersection of 6.21 metres of 48.11 grams per tonne […]