PharmaCielo Third Quarter Revenues Crater 97.9%, CEO Forced Out
PharmaCielo Ltd (TSXV: PCLO) this morning filed its third quarter financial results, posting brutal revenues of just $25,913 – a decline a 97.9% on a quarter over quarter basis, while posting a net loss of $6.1 million. The results come just days after closing a $10.0 million financing which saw Marc Lustig join the board […]
Vivo Cannabis Sees CEO, Chairman Announce Retirements
Vivo Cannabis (TSX: VIVO) this morning has announced the retirement of both its Chairman Paul Lucas, as well as its CEO Barry Fishman. Both retirements will be effective as of December 31, 2020, with the company to be lead by an interim CEO ahead of the company identifying a permanent replacement. Independent director Richard Fitzgerald […]
Aphria Closes Acquisition Of SweetWater Brewing
Aphria Inc (TSX: APHA) (NASDAQ: APHA) has closed the previously announced SweetWater Brewing Company transaction. The transaction sees one of the largest independent craft brewers in the US now brought under the Aphria banner. The acquisition is said to be used to “accelerate Aphria’s entry into the US ahead of federal legalization of cannabis.” SweetWater […]
Organigram Posts Q4 Revenues of $20.4 Million, Loss Of $38.6 Million
Organigram Holdings (TSX: OGI) (NASDAQ: OGI) this morning reported its fourth quarter financials, with net revenues of $20.4 million and a net loss of $38.6 million for the three month period ended August 31, 2020. Results were a slight improvement from the $18.0 million in revenues recorded in the third quarter of the year. The […]
Lithium Americas Sees 10% Equity Holder Continually Drop Stake In Firm
Lithium Americas (TSX: LAC) has seen continuous selling over the last month as one of its 10% securities holders apparently looks to liquidate their position in the company. Astoundingly, the company has managed to see its share price continue to rise despite the selling pressure that has been placed on it by the large securityholder. […]
Giyani Metals: Are Unexplained Management Resignations A Red Flag?
Two of the four top executives at Giyani Metals Corp. (TSXV: EMM), a developer of manganese projects in Botswana, Africa, have resigned in recent days. First, CFO Aamer Siddiqui resigned on November 17, “to pursue other business opportunities.” Four days later, President Wajd Boubou, a 3 ½-year veteran of the company, also decided to resign for […]
PayPal’s Adoption of Bitcoin Appears To Have Had A Significant Effect On Bitcoin Pricing
PayPal’s mid-October launch of a new service which allows its U.S. users to shop with and speculate on cryptocurrencies seems to have had a significant positive effect on the trajectory of Bitcoin prices. PayPal’s program permits its U.S. customers to buy, sell or hold Bitcoin in their virtual wallets, which can also be used to purchase goods. […]
Cathie’s ARK: Managed ETFs Full Of Story Stocks That Spill Out Into Their Components
There is great narrative power in being able to make complicated ideas simple and understandable. Any good, effective pitch makes the audience feel like they understand it so well, they could have come up with it themselves. Cathie Wood’s ARK Invest has it down to a science. She’s created a burgeoning solar system of ETFs […]
US House Down Payments Skyrocket by 69% to 20-Year High as Banks Tighten Lending Terms
As home prices in the suburbs and rural regions across America soar to record-highs propelled by a mass exodus out of downtown city centres, it appears that Americans eager to purchase a home amid the pandemic will now have to fork up a greater amount of money for a down payment amid a sudden tightening […]
BMO Reiterates US$34.50 Price Target On Barrick Gold Following Investor Day
This past week, BMO Capital Markets came out with a note on Barrick Gold’s (TSX: ABX) (NYSE: GOLD) investor day that took place last Friday. Jackie Przybylowski reiterated her outperform rating and US$34.50 12-month price target. Upon the reiteration, she stated that the key theme on Friday was, “that the company is moving back to […]