Hexo Corp Share Consolidation To Go Into Effect December 23
Hexo Corp (TSX: HEXO) (NYSE: HEXO) announced this evening after the close of markets that its share consolidation, or reverse split, is to go into effect as of December 23, 2020. The reverse split will see shareholders receive one post consolidation share for every four pre consolidation shares they held in the company. The share […]
Canadian Retail Sales Increase 0.4% In October
Canadian retail sales recorded strong growth for the month of October, rising by 0.4% on a month-over-month basis, marking the sixth consecutive month of increases since the onset of the economic crash back in April. According to the latest data released by Statistics Canada, retail sales rose to a total of $54.6 billion in October, […]
A Great Gold Asset In Idaho? – The Daily Dive feat Will Randall of Freeman Gold Corp
The final guest this week on the Daily Dive, is that of Will Randall from Freeman Gold Corp (CSE: FMAN). Wil joins us this afternoon to give us the latest on Freeman, including the now completed drill program, the advantages of heap leach mining, and the macroeconomic environment for gold in general. Freeman Gold Corp […]
Aphria: Canaccord Downgrades Company To Hold From Speculative Buy
Earlier this week, it was announced that Aphria Inc (TSX: APHA) (NASDAQ: APHA) and Tilray Inc (NASDAQ: TLRY) would be combining to create the largest Canadian cannabis company. The proforma revenue is estimated to be C$874 million, and management indicated there would be roughly C$100 million in annual synergies that would come to fruition within […]
US Homebuilder Confidence Falls From Record High as Buyers Face Affordability Challenges
As home prices across the US continue to skyrocket to record-breaking levels amid a surge in demand for more spacious living, it appears that some buyers are beginning to be priced out of the market – and home builders have taken notice. According to latest NAHB/Wells Fargo Housing Market Index, homebuilder sentiment dropped to 86 […]
TerrAscend Secures US$120 Million Term Loan To Fund Ilera Earn-Out Payment
TerrAscend Corp (CSE: TER) this morning announced that it has closed on a US$120 million senior secured term loan with a syndicate of lenders. The term loan was required following what is said to be strong performance exhibited by Ilera Healthcare Division, requiring the company to payout the entire earnout provision of the transaction, of […]
Aleafia Health Partners With Unifor For Medical Cannabis Coverage
Aleafia Health (TSX: AH) has entered a binding letter of intent with that of Unifor, the largest private sector union in Canada. The LOI outlines an arrangement whereby the two firms will partner to provide access to medical cannabis for Unifor’s members through the collective bargaining process. The arrangement will see Unifor look to acquire […]
Alamos Gold Renews Share Buyback Program
Alamos Gold (TSX: AGI) appears to be in the mood to spend money. Following its $25.0 million acquisition of Trillium Mining announced last night, the company this morning announced that it has renewed its share buyback program, also known as a normal course issuer bid. The program will see the company buyback up to 10% […]
Blackrock Gold Extends Victor Vein Strike 480 Metres On Summa Silver’s Dime
Blackrock Gold Corp (TSXV: BRC) this morning announced that its Victor vein target at the Tonopah West project in Nevada has been extended 480 metres to the east. The development however was not a result of work conducted by Blackrock, but by neighbouring Summa Silver Corp (CSE: SSVR), and drilling results the firm announced yesterday […]
Vireo Health Sees Linton Dump Remaining Subordinate Voting Shares
Vireo Health (CSE: VREO) continues to see selling pressure placed on its equity as a result of former executive chairman Bruce Linton selling off his position. Linton last night filed with the exchange that he has sold a further 1,114,115 subordinate voting shares of the company since his last filed early warning report on December […]