Exploits Discovery: Newfoundland’s Largest Landholder
When gold investors seek opportunities, they very rarely think of Newfoundland as a gold exploration destination. On September 2, 2020, Vancouver-based Mariner Resources Corp. announced their acquisition of 100% ownership of private exploration company Exploits Gold Corp. and in the process becoming Newfoundland’s largest landowner. Mariner also changed its name and trading symbol to Exploits […]
CFIB Warns of Further Business Closures Across Canada in Wake of Additional COVID-19 Shutdowns
As some regions in Canada move to impose stricter COVID-19 conditions and lockdowns, an increasing number of businesses may not be able to withstand the financial pressure, and risk shutting their doors permanently. According to the Canadian Federation of Independent Business (CFIB) CEO Dan Kelly, approximately 225,000 businesses across Canada risk permanent closure as a result […]
Curaleaf Sees Numerous Analysts Raise Price Targets Following Third Quarter Results
On Tuesday, Curaleaf Holdings (CSE: CURA) reported their third quarter results. The company reported total IFRS revenue of $182.4 million, up 55% from the third quarter. Gross profit doubled to $89.6 million, and their gross margin grew to 50% from 43%. A number of analysts changed their ratings on the company following the financial results, […]
Consumer Reports Removes Tesla S ‘Recommend’ Rating Over Growing Reliability Concerns
It appears that Tesla is beginning to lose its lustre among an increasing number of consumers, as its Model S sedan is now no longer recommended by Consumer Reports, the nonprofit consumer organization. Consumer Reports has recently dropped Tesla’s rating in its annual Auto Reliability Survey due to a growing list of problems reported by […]
Zenabis Global: By The Numbers
Incoming! The Deep Dive was under heavy fire this past Friday as our treatment of Zenabis Global’s (TSX:ZENA) third quarter quarterly financial filings upset a particularly righteous class of ZENA Warrior Princesses. It’s been our habit to evaluate the revenue and earnings performance of growing cannabis companies on a quarter over quarter basis – in […]
Canadian Retail Sales Increased 1.1% in September, But October Momentum Showing Signs of Slowdown
Canadian retail trade showed better than expected results for the month of September, with sales increasing by 1.1%, well above the median forecast of 0.2% projected by economists surveyed by Bloomberg. However, Statistics Canada notes that the results may only be short-lived, with preliminary estimates suggesting that the momentum is dwindling. According to retail trade […]
Canaccord Reiterates $6.00 Price Target On Valens Company Following Investor Day
This morning, Canaccord Genuity released their takeaway from hosting their first virtual investor day with The Valens Company (TSX: VLNS). Matt Bottomley, Canaccord’s cannabis analyst, has a C$6 12-month price target and a speculative buy rating on Valens. The first point Bottomley talks about is how throughout the presentation, management was quick to highlight “success […]
Copper Hunting In Newfoundland – The Daily Dive feat John Ryan
Today on the Daily Dive, our host Cassandra Leah is joined by John Ryan, CEO of Spruce Ridge Resources (TSXV: SHL). John joins us to discuss his outlook on the copper markets as well as to discuss the prospects of the firms copper operations within Newfoundland. Spruce Ridge currently holds a 100% interest in the […]
Cresco Labs: Analysts Raise Targets Following Blowout Quarter
On November 18th, Cresco Labs (CSE: CL) reported their third quarter financial results. The company announced record revenue of $153.3 million, up 63% quarter over quarter, and adjusted EBITDA of $46.4 million, up 182% quarter over quarter. Several analysts changed their price targets following the financial results. Eight Capital raises target price to C$19.50 from […]
Goldman Sachs Upholds $2,300 Gold Price Forecast As Inflation Pressures Mount
Goldman Sachs has forecast that gold prices will soon soar to new record-highs come 2021 as the current recession paves the way for increased inflation. According to a report published by Goldman Sachs commodity analysts Jeffrey Currie and Mikhail Sprogis and later obtained by Business Insider, gold prices are still poised to skyrocket by 22% […]