California Voters Pass Proposition 22 Sending Uber, Lyft Shares Soaring
Tuesday was not only a day for the most anticipated election in recent history, but also a very important day for gig economy companies such as Uber, Lyft, and DoorDash. According to the Associated Press, voters in California voted in favour of Proposition 22, which would exempt gig-economy companies from requiring them to classify their […]
Aphria: Canaccord Upgrades Price Target To $11.00 Following SweetWater Transaction
On Wednesday, Aphria Inc (TSX: APHA) (NASDAQ: APHA) announced that it had entered an agreement to purchase 100% of SweetWater Brewing Company for a total of U$300 million with a U$66 million cash earn-out that will run through 2023. The transaction, as per Aphria, is being treated as a “merger and acquisition.” Of the U$300 […]
General Motors Allocates $1 Billion Towards Pickup Truck Production in Canada
As vehicle sales continue to recover amid the coronavirus pandemic, the demand for pickup trucks and SUVs is expected to rise, especially as an increasing number of consumers have begun to opt for personal modes of transport in lieu of public transportation. This emerging consumer behaviour shift has lead to General Motors outperforming Wall Street’s […]
Canaccord: “We Expect Kinross’s Trailing 4Q Free Cash Flow To Surpass $800 Million In Q4”
Yesterday, Kinross Gold (TSX: K) released its third quarter financial results. The company reported adjusted earnings per share of $0.25, production of 603,000 ounces, and adjusted EBITDA of $618 million. They also reported an all-in sustaining cost of $958 per gold ounce equivalent along with a production cost of $737 per ounce. Carey MacRury, Canaccord’s […]
US Dollar Weakens to Lowest Level in 2 Years Amid Prospect of Biden Win
As the official results of the US election have yet to be determined amid a torrent of chaos and alleged election irregularities, the US dollar fell for the third consecutive day, to the lowest level not seen in over two years. Following Donald Trump’s announcement on suing states over supposed election inconsistencies, the dollar index, […]
Ventripoint Installs Whole Heart Analysis System At Toronto General Hospital
Ventripoint Diagnostics (TSXV: VPT) has seen its technology installed at the largest cardiac centre in Canada. The company announced this morning that its VMS+3.0 whole heart analysis system has seen its first install at the Peter Munk Cardiac Center in Toronto, Canada. The Peter Munk Cardiac Centre resides at the University Hospital Network’s Toronto General […]
Hexo Settles Trademark Infringement Lawsuit Filed In California
Hexo Corp (TSX: HEXO) (NYSE: HEXO) has apparently settled a lawsuit related to trademark infringement. The settlement comes after the company pursued legal action against a California-based company whom was using the name HEXOCBD to sell CBD products within the US. The company launched the lawsuit in the Southern District of California against Assi Project […]
Pure Extracts Begins Trading On Canadian Securities Exchange
Pure Extracts Tech (CSE: PULL) has commenced trading as of this morning, with the company making its debut on the Canadian Securities Exchange under ticker symbol “PULL”. The company is focused on the extraction niche within both the cannabis and functional mushroom sectors. Based in Pemberton, British Columbia, the company currently holds a Health Canada […]
Dominion Water Sees Portfolio Increase To Ten Fresh Water Reserves
Dominion Water Reserves (CSE: DWR) has formally acquired a 100% interest in the St Jospeh de Coleraine water source in Quebec. The water reserve accounts for 0.7% of the total volume under permit within Quebec. The closing of the acquisition brings the number of spring water sources owned by Dominion Water to a total of […]
Shareholders Of iAnthus Capital Appeal Recapitalization Transaction
Sometimes, people just don’t give up. That’s especially true, evidently, if you’re an iAnthus Capital Holdings (CSE: IAN) shareholder. The company this morning announced that it has received a notice of appeal in relation to the recent approval by the courts of the recapitalization transaction. The appeal was filed by a number of significant investors […]