Mind Cure Doubles Bought Deal Financing To $20 Million
Strong demand continues within the psychedelics space, with Mind Cure Health (CSE: MCUR) announcing earlier today that it has doubled the size of its bought deal financing that was announced yesterday. Originally pegged at $10.0 million, the financing has now increased to $20.0 million on the back of strong demand. Under the terms of the […]
The Impact Of Young Investors Having Access To Exotic Financial Products & Leverage – The Daily Dive
Joining us for the final episode this week of The Daily Dive is that of Jaime Rogozinski, the author and founder of the subreddit r/WallStreetBets. Jaime joins us this afternoon to discuss the impact young investors have had on the market as a result of their newfound ease of access to exotic financial products and […]
Cormark: “Eguana Tech Is At The Very Forefront Of The Growing Wave Of Energy Storage”
Yesterday, Eguana Technologies (TSXV: EGT) released their full year 2020 financial results, alongside an operational update. The company reported that they grew revenues to $7.95 million, a 132% year over year increase. Fourth quarter revenue meanwhile came in at $1.33 million, a 61% increase year over year. Off the back of the earnings, Cormark Securities […]
Pure Extracts Raises $8.5 Million In Upsized Special Warrant Financing
Pure Extracts (CSE: PULL) yesterday announced the closure of its offering of special warrants, raising gross proceeds of $8.5 million. The financing was closed via the closing of two tranches within the financing, with the final tranche consisting of $5.5 million in gross proceeds. A total of 16.9 million special warrants were issued under the […]
Plug Power Stock Bubble Popped by Kerrisdale?
The market started pricing in an anticipated shift away from hydrocarbon-based power slowly at first, then at the rate that it became apparent that governments who had facilitated the fossil fuel industry’s economic dominance since the industrial revolution were ready to switch gears. This new American President has been inaugurated into a cultural environment where […]
Endeavour Mining Sells Agbaou Mine For Total Consideration Of Up To $80 Million
Endeavour Mining (TSX: EDV) this morning traded in its Agbaou mine in Copte d’Ivoire for cash. The company has sold the non-core mine to that of private operator Allied Gold Corp for total consideration of $80.0 million. The sale was justified by the company as a result of their focus on high margin, long life […]
Hut 8 Mining Pays 16.5% Interest On Loan To Secure 5,400 Additional Mining Rigs
Hut 8 Mining (TSX: HUT) this morning added to its cryptocurrency mining capacity via the finalization of an equipment financing loan for US$11.8 million. The financing comes from Foundry Digital, a subsidiary of Digital Currency Group, with the proceeds to be used for the purchase of 5,400 MicroBT Whatsminer M30S bitcoin mining machines. The financing […]
Jushi Holdings Receives US$11 Million From Warrant Acceleration
Jushi Holdings (CSE: JUSH) this morning completed the acceleration of outstanding warrants as announced last month. The acceleration, issued in connection with a March 2019 private placement, has resulted in the strengthening of the firms balance sheet. The acceleration in total saw gross proceeds of US$11 million enter company coffers, with a total of 3.7 […]
Zenabis Enters $60 Million Credit Facility To Pay Off Sundial Debt
Zenabis Global (TSX: ZENA) this morning announced that it has entered into a credit agreement with a private debt fund as it works to rid itself of the debt currently held by Sundial Growers (NASDAQ: SNDL). The revolving credit facility, for a total amount of $60.0 million, will be secured based on eligible receivables, inventory, […]
Nextech AR Shaken Out Of Bitcoin Position After Just Three Weeks
After announcing the purchase of bitcoin just three weeks ago, Nextech AR Solutions (CSE: NTAR) is already walking away from the decision. The company this morning announced the sale of its entire holdings in bitcoin following the fall from grace the cryptocurrency has seen over the course of the last week. The company reportedly sold […]