Village Farms Raises US$135 Million In Financing
Village Farms (TSX: VFF) (NASDAQ: VFF) is set to become very well capitalized in the near term. The company this morning announced that it has entered into definitive agreements with institutional investors to raise gross proceeds of US$135.0 million (C$171.0 million) in what is referred to as a registered direct offering. The offering will see […]
Relay Medical, Glow Lifetech Announce Successful Phase II COVID-19 Trials Based On Their Tech
Relay Medical (CSE: RELA) last night announced a positive development related to Glow LifeTech, a private firm in which the company has significant ownership of. Glow has seen a successful phase II clinical trial completed on a COVID-19 treatment candidate, which is based on its MyCell Technology. Glow’s partner Swiss Pharmacan AG and MGC Pharma […]
Denmark to Begin Offering Covid-19 ‘Vaccine Passport’ for Travelers in Early 2021
As the coronavirus pandemic continues to spiral out of control and decimate air travel around the globe, some countries and airlines have begun exploring the idea of a digital ‘vaccine passport.’ Denmark is one of those countries, and has recently announced plans to introduce a digital ‘vaccine passport’ in early 2021. The vaccine passport will […]
RBC: Booming Housing Market Activity Expected to Calm by 2022
The housing market in Canada has been booming amid the pandemic, despite relatively subdued activity in other sectors of the economy. A shifting demand in favour of more spacious accommodation, coupled with record-low interest rates and elevated household savings have “supercharged” home buying behaviour. However, a new report by RBC Economics suggests that the housing […]
Producing Gold In Papua New Guinea – The Daily Dive feat Gord Friesen of Freeport Resources
Today on the Daily Dive, we sit down with Gord Friesen, CEO of Freeport Resources (TSXV: FRI). Gord sits down with us to discuss the latest developments at the firms flagship project, located in Papua New Guinea. Freeport Resources is a Canadian-based junior exploration firm, whom is currently focused on a diversified portfolio of gold, […]
Jushi Holdings: Three Analysts Initiate Coverage Over Span Of One Week
After two consecutive C$30 million raises, Jushi Holdings (CSE: JUSH) has received three new analyst initiations. First is PI Financial, whom initiated on Jushi yesterday morning with a 12-month price target of C$14/U$11 and a buy rating. Jason Zandberg, PI’s cannabis analyst headlines “Turn to this MSO for Juicy Returns” (Nice pun). On the 11th, […]
Declining US Grain Supplies Send Commodity Prices Skyrocketing
It appears that a second commodity boom may be on the horizon, as US crop prices soared to the highest level in nearly eight years amid tightening global supplies and increased Chinese purchases. Declining stockpiles of US grains have caused prices for corn, soybeans, and wheat to soar, as a dry climate in major growing […]
Ayr Strategies Closes Overnight Marketed Offering, Raises $157.6 Million
Ayr Strategies (CSE: AYR.a) this morning closed its overnight marketed public offering. The financing, initially pegged at C$137.0 million, ultimately closed out at $157.6 million following the full subscription of the over-allotment option that was granted to underwriters. The financing saw 4.6 million subordinate voting shares of the company sold at a price of $34.25 […]
Tinley Beverage Partners With Mars Distro To Strengthen Supply Chain In California
Tinley Beverage Co (CSE: TNY) this morning announced that it has entered into an arrangement with MARS Distro, a subsidiary of Headquarters. The arrangement will see the establishment of what is referred to as a comprehensive supply chain solution for Tinley’s co-packing clients within California, while Mars has also taken initiative by receiving 25 pallets […]
Jushi Announces Expanded California Footprint, Releases Few Details
Jushi Holdings (CSE: JUSH) has expanded its retail presence in California as of this morning, with the announcement of several developments within the state. The company has acquired a new retail operation located in Palm Springs, as well as a retail licensed holder located in Grover Beach, California. In regards to the Palm Springs location, […]