Canaccord Raises Mind Medicine’s Price Target To $2.00 Following Financing
This morning, Canaccord Genuity raised its 12-month price target on Mind Medicine (NEO: MMED) from C$1.75 to C$2.00 while reiterating its speculative buy rating after the company closed its C$28.8 million financing. The financing saw the issuing of 27.4 million units, with each unit consisting of one common share and one half warrant at C$1.05 […]
Stone Gold Appoints John Timmons As CEO And President
Stone Gold (TSXV: STG) has a new head honcho. The company announced this morning that John Timmons has been appointed as both President and CEO of the company. The transition is effective immediately, with former President and CEO Brian Howlett remaining with the company as a director. A graduate of York University’s Risk Management Program, […]
Village Farms Completes Acquisition Of Pure Sunfarms
Village Farms (TSX: VFF) (NASDAQ: VFF) has finally acquired 100% of Pure Sunfarms from that of Emerald Health (TSXV: EMH). The remaining 41.3% ownership of the company was acquired, resulting in the company finally being able to consolidate the financial statements from the subsidiary with its own statements. In total, Village Farms paid $79.9 million […]
IAMGOLD Halts Production At Westwood Mine Following Seismic Event
IAMGOLD Corp (TSX: IMG) early this morning announced that production at its Westwood Underground mine was halted, with a timeline for reopening not yet provided. The halt of operations follows a seismic event that occurred on site on Friday. The event is said to have occurred at roughly 2:30 PM on Friday afternoon, with all […]
Xander Compiles Historical Data On Senneville Property, Reports Historical Grab Sample Of 49.5 G/T Gold
Xander Resources (TSXV: XND) this morning announced that it has completed its historical compilation work for the Senneville East and South claim groups, located in the Val-d’Or, Quebec mining camp. The historical compilation was conducted ahead of an exploration program, with highlights from the data including historical grab samples yielding up to 49.5 g/t gold. […]
Fire & Flower To Acquire Friendly Stranger For $23.0 Million
Fire & Flower Holdings Corp (TSX: FAF) this morning announced that it is acquiring that of Friendly Stranger Holdings Corp. The two firms entered a definitive arrangement for the transaction, which will see all 11 operating Friendly Stranger locations acquired by Fire & Flower, along with 4 pending locations that are currently awaiting licensing. The […]
Monarch Gold To Be Acquired By Yamana For $0.63 Per Share In Complex Transaction
Monarch Gold (TSX: MQR) this morning announced that it is being acquired by that of Yamana Gold (TSX: YRI) for what amounts to a 43% premium to the closing price of the company on Friday. The transaction will see Monarch acquired for a price of $0.63 per share, or $200 million. The transaction however is […]
Mako Mining: Surprise 70% Reduction In Resource Estimate Is A Cause For Concern
In an October 19 announcement with little industry precedent, Mako Mining Corp. (TSXV: MKO) announced a dramatic 70% reduction in the mineral resource estimate of its primary asset, the San Albino gold project in Nicaragua. A third-party consultant now estimates the project contains about 279,000 ounces of gold, down from a 2015 estimate of about […]
Alberta Unveils Grants for Petrochemical Companies, Defying Trudeau’s Ban on Single-Use Plastics
After being ravaged by low crude oil prices and subdued demand amid the coronavirus pandemic, Alberta has recently decided to shift its focus to the petrochemical industry instead. On Friday, the provincial government announced it will help petrochemical companies offset their expenditures by offering grants that will cover up to 12% of capital costs. The goal of […]
Stifel Releases Third Quarter Earning Preview For US Multi State Operators
Last week Stifel released their Q3 earnings preview for all the MSO’s while stating that Green Thumb Industries (CSE: GTII), TerrAscend (CSE: TER), and Cresco Labs (CSE: CL) are set to outperform. A number of price targets were raised on multi state operators, while others saw their current ratings reiterated. Andrew Partheniou, Stifel’s analyst, says, […]