Canada’s Unemployment Rate Falls to 8.5% in November as Labour Market Remains Resilient Amid New Lockdowns
Canada’s labour market remained resilient even though the month of November saw the reintroduction of lockdown restrictions across much of the country amid a surge in new coronavirus cases. According to the latest Labour Force Survey results published by Statistics Canada, the national unemployment rate dropped by 0.4% to 8.5% in November, as the economy […]
Growing Medical Acceptance of Psychedelics – The Daily Dive feat Derek Welsh of Revive Therapeutics
For our final episode of The Daily Dive this week, host Cassandra Leah is joined by that of Derek Welsh of Revive Therapeutics (CSE: RVV), and founder of Psilocin Pharma Corp, a subsidiary of the company. Derek joins us to discuss his outlook on that of the psychedelics market as a whole, and discuss what […]
BofA: Shifts In Public Perception Driving Change [In Cannabis Legislation] Today
Yesterday, BofA Securities released a cannabis primer that largely focused on Canadian operators, such as Canopy Growth (TSX: WEED), as well as that of the US cannabis markets. Bryan D. Spillane, BofA’s research analyst, specifically highlights Canopy on their first page, saying, “Canopy well positioned for additional US market access.” Canopy will have roughly $70 […]
OECD Cuts 2021 Global Forecast, Urges Governments to Continue Fiscal Support
As a second wave of the coronavirus pandemic ripples across the world, the likelihood of a speedy global economic recovery continues to dwindle, especially if governments discontinue their fiscal support too early or fail to deliver the necessary doses of vaccines. According to the OECD’s latest Economic Outlook, global economic growth has been revised down […]
Village Farms Investee DutchCanGrow Loses Out On Netherlands Cannabis License Lottery
Village Farms (TSX: VFF) (NASDAQ: VFF) has seen its investee DutchCanGrow Inc, based in the Netherlands, be one of the losers of the lottery process that was conducted in the country. The process was used as a means of awarding ten cannabis production licenses under the governments experiment to investigate closed cannabis supply chains. With […]
Sundial Growers Announces US$150 Million At The Market Financing
Sundial Growers (NASDAQ: SNDL) is looking to take advantage of the absolutely wild volume that the equity has seen over the last several days by conducting an at the market financing. Tucked within the announcement that the company has filed a new shelf registration statement this morning, the company announced that it will be conducted […]
Ayr Strategies Announces Non-Dilutive US$75 Million Financing
Ayr Strategies (CSE: AYR.A) has secured a non-dilutive financing to the tune of US$75 million via an offering led by Canaccord Genuity. The company this morning announced that it has received a commitment from a syndicate of lenders for the funding via senior secured notes that pay interest at a rate of 12.5% per annum. […]
Midas Gold Sees CEO Step Down, Directors Replaced
Midas Gold (TSX: MAX) shareholders this morning are waking up to the news that the company has seen a new board of directors put into place at the firm, as well as the resignation of longtime CEO Stephen Quin. The changes taken by the company following the push from activist investor Paulson & Co whom […]
Pretium Resources Sells Snowfield Property For US$100 Million, Records Significant Impairment In Process
Pretium Resources (TSX: PVG) (NYSE: PVG) this morning announced that it has agreed to sell its Snowfield property located in northwest BC to that of Seabridge Gold (TSX: SEA). The transaction will see the company obtain US$100 million in cash for the property, along with several earn-out arrangements. In addition to the cash portion, the […]
Caldas Gold Completes $85 Million Financing, Moves To Transition To Aris Gold
Caldas Gold (TSXV: CGC) has completed its previously announced C$85.0 million private placement, with the funds currently sitting in escrow pending the satisfaction of several release conditions. With the completion of the financing, the company can now turn its focus to meeting several conditions to complete its transformation to that of Aris Gold Corp. Release […]