Relay Medical Joint Venture Secures Over $500,000 In Initial Contracts
Relay Medical (CSE: RELA) has seen its joint venture, Fionet Rapid Response Group, acquire contracts in excess of $500,000 in initial contracts. In connection with the announcement, the company also provided a corporate update on several facets of its COVID-19 focused operation. First and foremost, the initial contract acquired by the firm appears to be […]
Harvest Health: Canaccord, Stifel Raise Price Targets
Earlier this week, Harvest Health & Recreation (CSE: HARV) released its third quarter results. The company reported revenues of $61.6 million, up 11% quarter over quarter, and adjusted EBITDA of $10.5 million, up from $4.1 million last quarter. Canaccord’s cannabis analyst Matt Bottomley raised their 12-month price target from C$5.00 to C$6.00 and reiterated their […]
US Weekly Jobless Claims Fall for Fourth Consecutive Week to New Pandemic-Low
It appears that the unemployment situation in the US is beginning to show signs of improvement, as weekly jobless claims fell to the lowest level since the beginning of the coronavirus pandemic. According to the latest Labour Department data, the week ending on November 7 saw initial jobless claims fall from 757,000 to 709,000, which […]
Canopy Growth: Analysts Raise Price Targets Following Q2 Results
On Monday, Canopy Growth (TSX: WEED) (NYSE: CGC) reported its fiscal second quarter 2021 financial results. They reported $135.3 million in revenue, up 77% year over year, a net loss of $96.6 million, and a free cash flow of ($190.4) million. A number of analysts have since updated their price targets on the company following […]
IEA Reduces Oil Demand Forecast as Vaccine News Unlikely to Revive Crude Markets Soon
Although Pfizer Inc.’s coronavirus vaccine made some significant headway in the past week and pushed crude prices to a 10-week high above US$45, the positive sentiment will likely not have a lasting effect on the revival of markets. The International Energy Agency (IEA) has updated its quarterly oil demand forecast, calling for a reduction of nearly […]
Green Thumb: Analysts Upgrade Ratings On Back Of Earnings Beat
This morning Canaccord Genuity raised their 12-month price target on Green Thumb Industries (CSE: GTII) from C$27 to C$34 and reiterated their speculative buy rating on the company. This comes after Green Thumb reported third quarter revenues of $157.1 million, a 31% quarter over quarter increase. They also reported a positive net income of $9.6 […]
Gold Lion Concludes Phase One Trenching Program At Robber Gulch
Trenching has been completed at the Gold Lion Resources (CSE: GL) Robber Gulch property near Burley, Idaho. The company announced this morning that the Carlin-type gold property has seen a total of four trenches completed on the property as part of the phase one program, with the combined length of the trenches covering 700 metres. […]
Exploits Discovery Initiates Massive Soil Sampling Program At Dog Bay And True Grit Properties
Exploits Discovery Corp (CSE: NFLD) this morning announced that it has begun what it refers to as a district scale soil sampling program. The program is to be conducted at both its Dog Bay and True Grit gold properties located within the Exploits subzone of Newfoundland. The district scale program is to utilize spatiotemporal geochemical […]
Charlotte’s Web Posts Revenues Of $25.2 Million In Q3, Loss Of $6.5 Million
Charlotte’s Web Holdings (TSX: CWEB) this morning reported its third quarter financial results, posting revenues of $25.2 million, along with a net loss of $6.5 million for the three month period. Revenues were up 17% on a quarter over quarter basis, and up 0.4% on a year over year basis. Gross profit before biological adjustments […]
Great Bear Resources Reports Gold Recoveries Of 97% From Preliminary Testing
Great Bear Resources (TSXV: GBR) this morning released preliminary data on gold recovery testing conducted at its flagship Dixie project in Red Lake, Ontario. The metallurgical tests were conducted on the Hinge Zone on the property, with positive results generated. THe metallurgical testing conducted saw overall recovery rates between 95% and 97%, dependent upon the […]