Liberty Health Sees Revenues Remain Flat In Second Quarter, Posts Net Income Of $7.0 Million
Liberty Health Sciences (CSE: LHS) reported their second quarter financial results this morning for the period ended August 31, 2020. The company posted a slight decline in revenues of 1.5% on a quarter over quarter basis, with revenues of $18.2 million. The company however managed to post a net income of $7.0 million, as compared […]
Montage Gold Sees Additional $4.5 Million Raised In IPO Over-Allotment
Funds keep coming in for Montage Gold (TSXV: MAU). In connection with the recently completed IPO, Montage announced this morning the full exercise of the over-allotment option that was provided to the underwriters. The result, is an additional $4.5 million in gross proceeds. The exercise of the over allotment has resulted in an additional 4,090,909 […]
Hexo Proposes 8 To 1 Share Consolidation
Hexo Corp (TSX: HEXO) (NYSE: HEXO) this morning finally announced the inevitable – the company has proposed a share consolidation. The consolidation is required for the company as a means of regaining listing compliance for the NYSE, otherwise the company risks being delisted from the US big board. Under the proposed consolidation, Hexo will look […]
Aurora Cannabis Reiterates Guidance For Q1 2021
Aurora Cannabis (TSX: ACB) (NYSE: ACB) this morning reiterated guidance for the first quarter of fiscal 2021 in a brief update to the market. The guidance update was attached to the news that the company has filed a final short form base shelf prospectus in connection with the previously announced US$500 preliminary base shelf prospectus. […]
Hexo Corp Records $27.1 Million In Revenue, Loss Of $169.5 Million In Fourth Quarter
Hexo Corp (TSX: HEXO) (NASDAQ: HEXO) reported its fourth quarter earnings this evening, reporting net revenues of $27.1 million for the three month period ended July 31, 2020, along with a net loss of $169.5 million. For the entire fiscal year, the company reported net revenue of $80.8 million and a massive net loss of […]
Lundin Mining Sees BMO Maintain Price Target Following Q3 Earnings
Yesterday Lundin Mining (TSX: LUN) reported their third quarter earnings. Third-quarter cash flows were +$272.2 million, adjusted cash flows were $262 million, attributable net earnings were $122.4 million, and adjusted earnings were $106.4 million. Finally, adjusted EBITDA2 was $300.3 million for the quarter. In a note, this morning, BMO’s mining analyst Jackie Przybylowski reiterated her […]
DigiCrypts To Launch AI-Based Predictive Crypto Trading Tool
The trading of cryptocurrencies appears to be going high tech. DigiMax Global Solutions (CSE: DIGI) this morning announced that its subsidiary DataNavee Corp has successfully developed what is referred to as an AI-based predictive trading information platform, to be utilized when trading cryptocurrencies such as Bitcoin and Ethereum. The program evidently has been in development […]
Oil Prices Plunge to 5-Month Low as New Lockdown Restrictions Crush Demand
As coronavirus cases rise rapidly around the globe, fears of the second, much more severe wave have been rippling through markets, and plunging crude prices to the lowest level in over four months. On Wednesday, crude oil prices dropped for the second consecutive session by 4%, as near-exponential increases in coronavirus cases worldwide inflict oversupply […]
FSD Pharma Ends Class Action Lawsuit With $5.5 Million Settlement
FSD Pharma (CSE: HUGE) (NASDAQ: HUGE) this morning announced that it has settled a class action lawsuit that was filed against the firm in 2019. The class action itself was related to the build-out of its facility in Cobourg, Ontario, which in February 2019 took a turn for the worse when things fell apart with […]
Osisko Gold Completes $100 Million Bought Deal For Spin Out
Osisko Gold Royalties (TSX: OR) this morning announced in conjunction with Barolo Ventures (TSXV: BVC) that they have completed the previously announced bought deal private placement for gross proceeds of C$100 million. As previously released, Barolo is being utilized by Osisko for the purpose of a reverse takeover transaction. Under the proposed RTO, Osisko will […]