PayPal’s Recent Move Could Set Stage For Continued Upward Bitcoin Price Momentum
In a very constructive move for Bitcoin and other cryptocurrencies, PayPal has launched a new service which allows its U.S. users both to shop with and speculate on cryptocurrencies, as they will be permitted to buy, sell or hold them in their virtual wallets. PayPal has 346 million active accounts, and the 26 million worldwide merchants […]
Canada’s Economy Could Lose Up To 500,000 Jobs As A Result Of Travel Restrictions
Since the onset of the pandemic, Canada has kept is borders shut to international tourists and other non-essential travellers as a means of mitigating the spread of the coronavirus. In addition, some domestic travel has also been curtailed or discouraged for higher-risk regions, especially as some provinces are now mulling the reintroduction of certain restrictions […]
Newlox Gold: A Junior Miner Focused On Production, Cash Flow, And The Environment
When it comes to juniors within the mining space, regardless of the metal that is being searched out, there is one common problem that we hear among investors: risk. Inherently, there is a large risk in any junior explorer whom has taken the time to acquire property in search of high grade or bonanza grade […]
Tesla Recalls Almost 50,000 of its Electric Vehicles Sold in China Over Suspension Defects
Despite Tesla’s astronomical $400 billion market cap, the flamboyant electric vehicle company is being hammered with one problem after the net. According to an announcement made by the China State Administration for Market Regulation, a total of 48,442 Model S and Model X electric cars are now being recalled due to potentially unsafe and faulty […]
BBTV Holdings To Begin Trading October 28 Following $172.4 Million IPO
BBTV Holdings (TSX: BBTV) this morning announced that it has obtained a receipt for its final prospectus for its go public transaction. Pegged at $172.4 million, the go public transaction will enable the company to purchase the entire stake in that of BroadbandTV, a media and tech company founded in 2005 focused on the distribution, […]
WELL Health: Canaccord Increases Price Target To $8.50 Following Bought Deal
This morning Canaccord Genuity raised their 12-month price target on WELL Health Technologies (TSX: WELL) to C$8.50 from C$8.00 and reiterated their Speculative Buy recommendation on the stock following the close of their recent $80 million bought deal. Doug Taylor, Canaccord’s analyst, now estimates that the company holds roughly $114 million in pro forma cash. […]
Hong Kong Fines Goldman Sachs $350 Million Over 1MDB Involvement
Following the explosive revelations of the recently released FinCEN files that implicated some of the world’s largest and most powerful banks in dirty money laundering, it appears that the corruption continues. According to the Hong Kong Securities and Futures Commission (SFC), Goldman Sachs has been fined $350 million for being complicit in a multibillion dollar […]
Raymond James: Village Farms Expected To Post 15% Revenue Increase In Q3
Last night, Raymond James came out with their third quarter estimates for Village Farms (TSX: VFF) (NASDAQ: VFF) whom is anticipated to be reporting its results the week of November 10th. Raymond James currently has a $20 price target and an Outperform rating on the stock. Rahul Sarugaser, Raymond James’ cannabis analyst, headlines the note, “+15% […]
Jushi Holdings Closes Oversubscribed C$40.8 Million Financing
Jushi Holdings (CSE: JUSH) has closed its previously announced overnight marketed public offering of units, raising gross proceeds of C$40.8 million. Announced two days ago, the financing was expected to raise $35.5 million initially before becoming oversubscribed at the time of closing. Under the original terms of the financing, the company was to raise $35.5 […]
TGOD Closes $12.75 Million Bought Deal Financing
The Green Organic Dutchman (TSX: TGOD) this morning announced that it has closed its previously announced bought deal financing for gross proceeds of $12.75 million. Notably, the company saw the full exercise of the over-allotment option. The bought deal financing saw units of the company sold at a price of $0.24 each, with each unit […]