Maritime Resources Repurchases Half Of Hammerdown Royalty At Discount
Maritime Resources (TSXV: MAE) this morning announced that it has reduced its future operating costs for its Hammerdown property as of this morning. The company repurchased half of the outstanding royalty on its Hammerdown Property from that of Commander Resources, bringing the net smelter royalty down to just 1%. The purchase of effectively the 1% […]
Zenabis Announces $6.0 Million Financing At $0.085 Per Unit
Zenabis Global (TSX: ZENA) continued to punish long term shareholders last night, announcing that it would be conducting a best efforts overnight marketed offering of units of the company. Zenabis intends to collect gross proceeds of $6.0 million via the financing, which will be utilized for the partial repayment of unsecured convertible debentures due next […]
Trulieve Enters Pennsylvania Market With Two Transactions, Announces C$100.5 Million Financing
Trulieve Cannabis Corp (CSE: TRUL) appears to be focused on expansion. The company this evening has announced that it has stepped foot into the Pennsylvanian market, with the acquisition of two firms – one, a cultivator and a producer, and the other a dispensary operator with three operational dispensaries in the Pittsburgh area. The first […]
Mind Medicine: Canaccord Genuity Initiates Coverage With C$1.75 Price Target
Yesterday, Canaccord initiated coverage on Mind Medicine (NEO: MMED) with a Speculative Buy rating and a C$1.75 price target. Canaccord’s analyst Tania Gonsalves commented on the initiation, stating, “open your mind to a new kind of medicine” and that Mind Medicine “differentiated itself as one of the few legitimate companies in the space. Lead drug […]
Xander Resources Plans Trenching Program at Fenelon
Xander Resources (TSXV: XND) made a splash in recent months in Quebec’s Val D’Or gold district within the prolific gold-rich Abitibi Greenstone Belt. The company has assembled the Senneville Group of Claims, an impressive land package of over 90 square kilometres of contiguous claims located 20 kilometres northeast of Val D’Or, adjacent to Probe Metals […]
OECD: World Economy Forecast to Contract by 4.5% in 2020
While much of the world economy collapsed under the weight of the deadly coronavirus pandemic in the first half of 2020, it appears that copious amounts of government spending and eventual lifting of restrictions has put global economic output in a slightly better position heading into the second half of the year. According to a […]
ImmunoPrecise Insider Sells $1.9 Million Worth Of Shares Over Three Days
ImmunoPrecise Antibodies Ltd (TSXV: IPA) has seen continued insider selling over the last several days. Monday night, insider Miko Malberg, a 10% security holder of the company, filed a series of transactions revealing that he sold, through a serious of different corporations, over $1.9 million worth of securities in the company. The insider selling took […]
Is The True Cost of Living for American Households Significantly Higher than Official CPI Figure?
As the Federal Reserve continues to pump trillions of dollars into the pandemic-ravaged US economy (albeit we still aren’t quite sure where all the dollars are going given that consumer confidence has yet to rebound six months into the coronavirus stimulus), many economists as well as basic economic theory postulate that soaring inflation will ensue […]
Southern Silver Acquires 100% Ownership In Cerro Las Mintas Silver Project
Southern Silver Exploration (TSXV: SSV) has closed on the purchase of a 60% indirect interest in the Cerro Las Mintas project, bringing its total interest in the project to 100%. The 60% indirect working interest was acquired from Electrum Global Holdings for an aggregate purchase price of US$15 million. The purchase of the property was […]
Vivo Cannabis Reduces Outstanding Debentures From $27.1 Million To $6.6 Million
Vivo Cannabis (TSX: VIVO) has significant reduced its outstanding debt obligations through amendments to certain convertible debentures that remain on its books. The company has seen its previously outstanding $27.1 million convertible debentures reduced down to $6.6 million following negotiations with the debtholders. The repaid debentures are that of the debentures issued in February 2018, […]