US Existing Home Sales Surged by 26.6% in October Despite Supply Shortage and Soaring Prices
Existing home sales across the US significantly surpassed expectations, increasing by 26.6% in October on a year-over-year basis as Americans flood the housing market with a renewed demand for home ownership and more personal space amid the coronavirus pandemic. According to the National Association of Realtors (NAR), the sale of existing home sales posted yet […]
Trulieve Sees Multiple Analysts Raise Price Targets Following Q3 Results
On Tuesday, Trulieve Cannabis Corp (CSE: TRUL) reported their third quarter financial results. Trulieve reported revenues of $136.3 million, representing an increase of 13% quarter over quarter. Net income came in at $4.7 million, and adjusted EBITDA was $67.5 million, increasing 12% quarter over quarter. Numerous analyst have adjusted their price targets following the financial […]
NYC Subway Threatens Layoffs and Service Cuts if $12 Billion Federal Bailout Not Approved
As the mass exodus out of metro downtown areas across the US continues, New Yorkers have just been dealt yet another reason to escape to the suburbs: the Metropolitan Transportation Authority (MTA) has announced its largest budget cut on record as a means of offsetting some of the implications stemming from the coronavirus pandemic. During […]
iAnthus Capital Sees Another Director Resign
iAnthus Capital (CSE: IAN) continues to see executives make way for the exit, a notable trend exhibited over the course of the last several months. Joy Chen is the latest to leave the board of directors of the firm, less than a year after she took a role as an independent director for the firm. […]
Skeena Resources Hits 2.17 G/T Gold, 234 G/T Silver Over 56.34 Metres At Eskay Creek
Skeena Resources (TSX: SKE) this morning reported further results from its ongoing drill program at the Eskay Creek Project located in the Golden Triangle. Results released this morning come from phase one of the program, while drilling currently continues on the second phase of the program. Highlights released include assays of 2.17 g/t gold and […]
Exploits Discovery Extends Length Of Jonathan’s Pond Project Gold Vein
Initial exploration results were released by Exploits Discovery Corp (CSE: NFLD) related to its wholly owned Jonathan’s Pond project located in Newfoundland. The company has extended a gold bearing quartz vein to a length of 250 metres, while remaining open in all directions. Initial data from both stripping and trenching were provided by the company […]
TerrAscend Posts Revenues of $51.0 Million, Loss Of $17.6 Million
TerrAscend Corp (CSE: TER) this morning reported certain figures from its third quarter financials, although full results have yet to be filed by the company. The firm indicated that it has generated net sale of $51 million in the third quarter, an approximate increase of 8.0% from the $47.2 million in revenues generated in the […]
C21 Investments Sees CEO Extend Maturity Of Secured Note, Secures Commitment For Repayment Of Convertible Debt
It appears that C21 Investments (CSE: CXXI) CEO Sonny Newman is determined to get the full value of the money owed to him by the company in the form of cash. The company this morning announced a restructured senior secured note arrangement between the two parties. The company also announced an equity commitment from certain […]
Canadian Households and Businesses Hoarding a Record-Breaking $170 Billion in Excess Cash
The coronavirus pandemic has created significant financial uncertainty for many Canadians, pushing them to forego current spending and instead save more of their disposable income. As a result, a recent CIBC report found that Canadian households and businesses have now accumulated a whooping $170 billion in excess cash – the largest amount of cash on […]
Canada’s Inflation Rate Suddenly Increases to 0.7% in October as Shelter Costs Accelerate
It appears that inflation levels in Canada surprisingly surpassed expectations for the month of October, despite ongoing struggles with the country’s economic recovery and a resurgence of coronavirus cases. According to the latest Statistics Canada data, annual inflation grew from 0.5% to 0.7% in October, which exceeded forecasts of the 0.4% inflation level projected by […]