Curaleaf Acquires Final Portion of Florida Operations For C$31.9 Million
Curaleaf Holdings (CSE: CURA) has finally acquired the final portion of its Florida assets as of this last week, following a court ruling made in June wherein the company was ordered to purchase the remaining portion of the Florida asset, known as Palliatech Florida LLC. The court order was the result of a lawsuit initially […]
The Deep Dive Compiles Company Profile On Freeman Gold
The Deep Dive has assembled a company profile on that of Freeman Gold Corp (CSE: FMAN), an exploration-stage company currently focused on its flagship project, located in Idaho. Freeman Gold Corp is a Canadian-based mineral exploration company. They own the Lemhi Gold Project, which is located in Lemhi County, Idaho, United States. The Lemhi Project […]
Storycraft: The Art of Association In Capital Markets
An equities market, well over-inflated by fake money and fully detached from the economy that underpins it, is a difficult thing to make sense of, let alone trade. This week, Apple (NASDAQ: APPL), the world’s most valuable public equity, shot through a $2 trillion market cap. Micheal Batnick practically broke Financial Twitter in 2018 when […]
Court Rules No Value Left For Pyxus Equity Holders
The problem with buying securities in debt-laden firms, is that eventually, the capital inflows dry up and the debt overtakes the assets. A phenomenon becoming all to familiar in the cannabis space – see iAnthus Capital (CSE: IAN) – Pyxus International (OTC: PYXSQ) is the latest firm to experience the effects of taking on too much […]
Canaccord: 2020 To Be Transition Year For Medipharm Labs
Last week, Medipharm Labs (TSX: LABS) reported their second-quarter earnings. Revenue came in at $13.9 million, a 25% increase quarter over quarter but down 56% year over year. The quarter over quarter increase was due to higher bulk selling and higher shipments of formulated products throughout Canada. Cash and equivalents were $27.9 million. Medipharm Labs […]
Chainalysis: Tether Is Being Utilized For Capital Flight From China
A recent report published by Chainalysis this week has proposed that China and other Southeast Asian investors have begun utilizing cryptocurrencies to enable capital flight to occur to other global jurisdiction. The report suggests that over $50 billion in capital outflows has occurred via Tether, a stablecoin that is said to be roughly pegged to […]
Max Resources: Chasing the Next Kupferschiefer
One of the more controversial junior mining stocks over the last year in Canada has been Max Resource Corp. (TSXV: MXR). In October 2019, the company walked away from a seemingly fantastic transaction with Noble Minerals in Colombia due to “challenges surrounding access and due diligence.” At the time many shareholders were irate, but the […]
Cresco Labs: Canaccord, Eight Capital Raise Price Targets
Cresco Labs (CSE: CL) reported its second-quarter 2020 financials yesterday, posting revenue growth of 42% quarter over quarter to $94.3 million, thanks to a +30% sequential revenue growth in every single market except Massachusetts. The wholesale revenue and retail revenue grew 44% and 39% quarter over quarter, respectively. Cresco’s adjusted EBITDA was $16.5 million, a […]
Canada Post Sees Second Quarter Loss Of $378 Million Due To Pandemic
Only a government-run postal entity could manage to lose funds as a result of the COVID-19 pandemic. In a time where e-commerce sales, and as a result, shipping of goods, has skyrocketed due to the ongoing pandemic, Canada Post has posted a second quarter loss of $378 million, which it blames largely on the pandemic. […]
High Tide, Meta Growth To Merge In All Stock Transaction
High Tide (CSE: HITI) and Meta Growth Corp (TSXV: META) jointly announced this morning that the two firms will be merging to create what is referred to as “the single largest Canadian cannabis retailer by revenue.” The all stock transaction will see High Tide acquire all of the common shares of that of Meta Growth […]