An Unknown NYSE Cannabis REIT – The Daily Dive feat David Lesser of Power REIT
Joining our host Cassandra Leah on The Daily Dive today is that of David Lesser, CEO of Power REIT (NYSE: PW), an NYSE-listed cannabis REIT. David joins us to discuss the US cannabis space, the typical deal structure of a sale leaseback transaction within the sector, and the ongoing rights offering the company is performing. […]
Ayr Strategies: Canaccord Raises Price Target To $60
Late last week, Canaccord raised Ayr Strategies’ (CSE: AYR.a) 12-month price target to C$60 from C$52 and reiterated their speculative buy rating on the company. This comes after a wild week in the capital markets, with cannabis companies raising nearly C$1.5 billion since the start of the new year. AYR Strategies was included in this, […]
GM to Invest $800 Million Towards Commercial EV Factory in Ontario
GM recently unveiled a new wholly-owned business called BrightDrop, which will provide electric first-to-last mile products for logistics companies. As such, the automaker Monday announced it will allocate US$800 million towards production of electric commercial vehicles in Canada. GM plans to invest almost US$800 million for the production of the EV600, an all-electric commercial vehicle […]
PharmaTher Acquires Exclusive Rights To Patented Ketamine Formulation
PharmaTher Inc (CSE: PHRM) has entered into an exclusive worldwide license agreement for the development and commercialization of a patented formulation of FDA-approved ketamine and betaine. The product is being viewed as a potential next-generation treatment for neurological and pain disorders as well as mental health. The arrangement was entered into with the National Health […]
Cybin Upsizes Bought Deal Financing To $30.0 Million
Cybin Inc (NEO: CYBN) has upsized its previously announced $20.0 million bought deal financing. The financing, following strong investor demand, has now been upsized to $30.0 million. The financing, led by Canaccord Genuity, will see the sale of 13.3 million units of the company at a price of $2.25 per unit. Each unit contains one […]
Willow Biosciences Looks To Launch Biosynthesized THC In Canadian Market
Willow Biosciences (TSX: WLLW) this morning had a major announcement, with the company announcing that it has advanced its work on biosynthesizing tetrahydrocannabinol, or THC. The company has successfully advanced the proprietary yeast strain required for biosynthetic production of THC, and plans to launch the product into the Canadian market. The company has successfully developed […]
Osisko Development Sees CFO Resign After 3 Months
Osisko Development (TSXV: ODV) released a rather long corporate update this morning, with the firm providing general updates on recent developments as a whole related to its projects. Most significantly however, it announced the departure of its chief financial officer, whom had only been in the role for three months. Benoit Brunet, Vice President of […]
Leveljump Secures New Contracts, Revenue Expected To Grow Up To 11%
Leveljump Healthcare (TSXV: JUMP) this morning announced that it has secured new contracts with a network of hospitals. While hard figures were not provided by the company, its expected that the additional contracts are to grow the firms gross revenues by anywhere from 7% to 11%. The new contracts come from a network of new […]
Skeena Reports Assays Of 9.12 G/T Gold Equivalent Over 49.60 Metres At Eskay Creek
Skeena Resources (TSX: SKE) has released additional drill results from its flagship Eskay Creek project, located within the Golden Triangle of BC. Highlight results from the release included 9.12 g/t gold equivalent over 49.60 metres, which consisted of 7.17 g/t gold and 146 g/t silver. The company also announced that the phase 2 infill program […]
Freeman Gold Begins Lemhi Metallurgical Test Work
This morning Freeman Gold (CSE: FMAN) announced they have begun metallurgical test work on their 100% owned Lemhi Gold Project, with the goal of advancing towards a production decision. The company has done a comprehensive review of the historical information and test work conducted by previous operators, and designed a program to follow-up and enhance […]