Cronos Group Posts Fourth Straight Quarter Of Gross Losses In Q3 2020
Cronos Group (TSX: CRON) (NASDAQ: CRON) this morning reported its third quarter financial results for the period ended September 30, 2020. The company reported net revenues of $11.4 million for the period, along with a net income of $68.5 million, primarily a result of a gain on derivative liabilities with the firm actually posting negative […]
SilverCrest Metals Discovers New Zone At Las Chispas, Hitting 2,675 G/T Silver Equivalent Over 1.5 Metres
SilverCrest Metals (TSX: SIL) this morning announced the discovery of a new zone at its Las Chispas Property in Sonora, Mexico. Referred to as the El Muerto Zone, the new area of mineralization is located in the northwest portion of the Babicanora Vein. Hihglight values from the new zone include 1.5 metres true width of […]
Aphria To Merge With US-Based SweetWater Brewing In US$300 Million Transaction
Aphria Inc (TSX: APHA) (NASDAQ: APHA) this evening announced that it has entered into an arrangement of what it calls merger and acquisition of SW Brewing Company, LLC, whom operates as SweetWater Brewing, in a transaction valued at US$300 million. The firm is said to be one of the largest independent craft brewers in the […]
Eurozone Economy Heads For Double-Dip Recession
Following what were stringent coronavirus lockdowns enveloping Europe for much of the spring months, the ensuing economic recovery showed some hopeful gains as the virus began to dissipate over the summer. However, a sudden, and largely anticipated resurgence of the pandemic resurfaced following the summer calm, threatening to unwind any economic gains in the eurozone […]
Haywood Initiates Coverage On Cresco Labs With $14.00 Price Target
Last week, Haywood Securities initiated coverage on Cresco Labs (CSE: CL) with a C$14.00 price target and a buy rating. Although they have their price target of C$14.00, they also give a scenario analysis for Cresco Lab’s share’s to be as low as C$5.50. Neal Gilmer, Haywood’s cannabis analyst, says, “we believe the company is […]
Canada’s Trade Deficit Rose by 1.2% in September as Exports Post Slower Rebound
It appears that Canada’s trade deficit remained relatively unchanged in September, as imports continue to outweigh exports amid the fragile economic recovery. According to data released by Statistics Canada, the trade deficit rose from $3.21 billion in August to $3.25 billion in September, with both exports and imports increasing by 1.5% from the month prior. […]
BMO: Nuvei Expected To Record Net Revenues Of $97 Million In Q3 2020
This morning, BMO Capital Markets released a note to investors updating their forecast and model ahead of Nuvei Corporation’s (TSX: NVEI) third quarter earnings, which are expected to be released on November 11th before market open. This is also Nuvei’s first release of result as a public company. BMO has a C$46 price target and […]
Global Air Travel Patterns Could Permanently Shift Amid Global Pandemic Restrictions
As the pandemic takes a turn for the worse amid a second wave resurgence, an increasing number of airline companies are faltering under the weight of significantly reduced air travel. A recent report by the UN World Tourism Organization (UNWTO) found that global tourism fell by more than 70% between January and August this year, […]
Ayr Strategies Enters Arizona Market With $81 Million Acquisition
Ayr Strategies (CSE: AYR.A) has wasted no time expanding into the Arizona market following the decision last night by voters to make recreational cannabis legal within the state. The company this morning announced that it has agreed to acquire a vertically integrated operator for total upfront consideration of $81 million under a binding term sheet. […]
PowerBand Signs LOI To Partner With CB Auto Group, Enabling Access To 67 Million Consumers
PowerBand Solutions (TSXV: PBX) (OTC: PWWBF) this morning unveiled a major development, with the company announcing that it has entered into a letter of intent to partner with CB Auto Group. The proposed arrangement will see CB Auto’s 67 million members obtain direct access to DRIVRZ, the proprietary platform built by PowerBand to buy, sell, […]