Eclipse Gold Mining: A Potentially Shareholder Unfriendly M&A Transaction
On December 7, Northern Vertex Mining Corp. (TSXV: NEE) announced it would be acquiring Eclipse Gold Mining Corp. (TSXV: EGLD) in a no-premium, share-for-share exchange transaction. Northern Vertex will be the surviving company, while Eclipse shareholders are to receive 1.09 shares of Northern Vertex for each share of Eclipse they own. The companies hope to receive […]
Tilray & Aphria: The Analyst Perspective
This morning 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 24 […]
Bank Of America Lowers Gold Price Target To $2000? – The Daily Dive feat John-Mark Staude
Returning to the Daily Dive today is that of John-Mark Staude of Riverside Resources (TSXV: RRI). John-Mark joins our host Cassandra Leah this afternoon to discuss the current macroeconomic environment for both gold and copper. Within, John-Mark provides his insights on what the recent Bank of America downgrade on the outlook for gold means, the […]
Canaccord Reduces Centerra Gold’s Price Target To $21 Following Sale of Hardrock Project
On December 15th, Centerra Gold Inc (TSX: CG) agreed to sell its 50% stake in the Hardrock project to Orion Mine Finance for $225 million in cash. There is also a milestone payment of $25 million within the 24 months following a positive mine construction. Centerra Gold currently has ten analysts covering the company with […]
Total Recall: Penumbra Treats Its Month-Long War With The Shorts Like It Was Just A Bad Dream
One day, out of nowhere, you smell burnt toast and fall out of your chair, so someone calls an ambulance which rushes you to the hospital, where they lay you on the gurney, rip your pants off and shove a big, long tube up your femoral artery, almost all of the way into your brain […]
Canadian Home Prices Reach Record-High Despite November Sales Slump
Although November home sales in Canada showed signs of a slight erosion from their historical highs, prices continued on their upward climb to yet another record-breaking level, as the country’s real estate market continues to benefit from low rates and strong demand. According to latest data released by the Canadian Real Estate Association (CREA), nationwide […]
Pure Extracts Begins Build-Out Of Facility For Mushroom Extraction
Pure Extracts (CSE: PULL) has begun the build-out and construction of the fourth unit in its extraction facility, which will be used for the extraction of mushrooms as well as to conduct research and development on psilocybin. The announcement, made this morning, is part of Pure’s preparatory work on the anticipation of being granted a […]
Equinox Gold To Acquire Premier Gold Mines At Current Market Valuation
This morning Equinox Gold Corp (TSX: EQX) announced they have entered into a definitive agreement to acquire Premier Gold Mines (TSX: PG). Each Premier shareholder will receive 0.1967 shares of Equinox Gold for each share held of Premier. This represents an at-market acquisition based on the 10-day volume-weighted average closing prices of both companies. With this acquisition, Equinox Gold now acquires […]
C21 Investments Reports Q3 Revenues Of $9.5 Million, Net Income Of $2.3 Million
C21 Investments (CSE: CXXI) this morning reported its third quarter 2021 financing results for the period ended October 31, 2020, reporting revenues of $9.5 million for the three month period. The quarter also saw the company report a net income of $2.3 million. On a quarterly basis revenues were essentially flat, rising from $9.4 million […]
Kontrol Energy Announces It Has The Intent Of Applying To List On The TSX
Kontrol Energy Corp (CSE: KNR) this morning announced that it has “authorized management to review the process” to move to both the Toronto Stock Exchange. If successful, the company then intends to begin the process of filing with the SEC to enable the company to apply to the Nasdaq. Essentially, the company headlined the news […]