Gatekeeper Keeps Momentum Rolling
On August 26th Gatekeeper Systems Inc. (TSXV: GSI) announced their intentions to complete a non-brokered private placement of $5 million at a price of $1.00 per share with a full 2 year warrant at $1.10. The warrant will have an accelerator should the stock trade above $1.35 for 10 consecutive days. The announcement was significant because […]
Auxly Closes Fifth Tranche of Standby Facility For Proceeds of $2 Million
Auxly Cannabis (TSXV: XLY) this morning resumed its process of drawing funds from its previously announced $25 million unsecured convertible debenture standby facility, withdrawing an additional $2 million to fund its ongoing operations. This mornings withdraw brings the total loan figure to $11.25 million, while the total count of tranches utilized sits at five. The […]
New Found Gold Begins 12,000 Metre Drill Program At Keats Zone
New Found Gold (TSXV: NFG) this morning announced that it has begun its 12,000 metre drill program at the Keats Zone at the firms flagship Queensway Project in central Newfoundland. The program will follow the strong intercept of 19.0 metres of 92.9 g/t gold found in late 2019. The drill program at Keats will be […]
Cronos Group Appoints Kurt Schmidt As CEO, Gorenstein Appointed Executive Chairman
Cronos GRoup (TSX: CRON) (NASDAQ: CRON) this morning announced that Mike Gorenstein will be stepping aside as both President and CEO of the firm, while remaining with the company in the role of executive chairman. Taking his place will be that of Kurt Schmidt, whom comes with experience from executive roles at Blue Buffalo Company, […]
Great Bear Hits 8.08 G/T Gold Over 37.70 Metres At Dixie
Great Bear Resources (TSXV: GBR) this morning released additional drill results from its ongoing $21 million exploration program being conducted this year at its flagship Dixie project in the Red Lake camp of Ontario. The latest drilling has been conducted on 50 metre centres, with the highlight from the latest drilling being 8.08 g/t gold […]
Tech Stocks Suffer Market Correction: Is the Bubble About to Burst?
Last week proved to be grim for the technology sector as the Nasdaq Composite declined to levels not seen since March, inadvertently wiping out hundreds of billions of dollars. However, according to Research Affiliates founder and chairman Rob Arnott, last week’s events point to a more grim scenario, one that would eventually lead to a […]
As Gold Prices Soar to Historic Highs, What Will Become of the US Economy?
As the coronavirus pandemic continues to wreak havoc on many economies across the world, investors have increasingly been flocking to gold as a safe haven. As a result, the price of gold has seen some incredible gains over the past six months, reaching record-highs and thus causing many analysts to continuously update their projections. Since […]
Village Farms Acquires Remainder Of Pure Sunfarms For C$79.9 Million
Well, it looks like Raymond James was on to something. This afternoon, it was announced that Village Farms (TSX: VFF) (NASDAQ: VFF) will be purchasing the remaining portion of Pure Sunfarms that it does not currently own from that of Emerald Health Therapeutics (TSXV: EMH). The total purchase will see the final 41.3% of the […]
Canaccord Initiates Coverage On Uranium Royalty Corp With $1.60 Price Target
This morning Canaccord Genuity’s Katie Lachapelle initiated coverage on Uranium Royalty Corp (TSXV: URC) with a speculative buy rating and a C$1.60 12-month price target. She headlines, “Don’t stop ’til U get enough.” Lachapelle says she likes the business model for various reasons and list a few, which include the following. Uranium Royalty provides investors […]
GM Makes Bet On Alternative Energy Vehicles, Announces $2 Billion Equity Stake in Nikola Corp
As alternative-fuel vehicles increase in popularity among consumers and investors alike, it appears that North American car manufacturers are beginning to take notice. On Tuesday morning, General Motors (NYSE: GM) announced it has taken a $2 billion equity stake in Nikola Corp (NASDAQ: NKLA), which will see the latter company’s electric pickup model make it […]