Hut 8 Mining Closes Previously Announced $77.5 Million Financing
Hut 8 Mining Corp (TSXV: HUT) has completed its previously announced offering with institutional investors. The financing saw the firm raise $77.5 million, with funds believed to predominantly come from US institutions. A total of 15.5 million units of the company were sold under the offering at a price of $5.00 per unit. Each unit […]
Psyched Wellness Completes First Step In Study Identifying Potential Of Muscimol
Psyched Wellness (CSE: PSYC) has completed the first step in identifying the medicinal potential of Muscimol for both mental and physical health issues. The announcement was made by the company this morning, following the completion of research by Professor David Nutt, whom is head of the firms scientific committee. The study on Muscimol, which began […]
US Greenhouse Gas Emissions Decline by Most Since World War II Due to Pandemic
Greenhouse gas emissions in the US have fallen by the most since the Second World War, after the coronavirus pandemic decimated the country’s economy and brought travel to a near standstill. According to a new report by US research firm Rhodium Group, greenhouse gas emissions in the US fell by 10.3% in 2020, amounting to […]
Canaccord Raises Trulieve Price Target To $75 From $60
The last two weeks have been quite an enjoyable time for U.S cannabis sector investors. On January 5th, we had the Georgia run-offs. Roughly three days later, we found out that both Democratic party members won their reelection campaigns. Although still going on, many analysts have already come out with their 2021 outlooks, including updated […]
Trulieve Files $750 Million Base Shelf Prospectus
Trulieve Cannabis Corp (CSE: TRUL) has filed a preliminary short form base shelf prospectus, valued at $750.0 million. While no financing has been announced, the base shelf prospectus enables the firm to conduct future financings for a 25 month period. The prospectus enables the firm to raise funds via the issuance of a number of […]
The Next Big Online Auto Platform? – The Daily Dive feat Kelly Jennings of Powerband Solutions
Today on the Daily Dive, host Cassandra Leah is joined by Kelly Jennings, CEO of Powerband Solutions (TSXV: PBX). Kelly joins us to discuss the automotive sector, how he intends to tackle the Carvana and Vrooms of the world, what we can expect going forward and more. PowerBand Solutions is a fintech provider that is […]
Organigram: Mixed Commentary From Analysts Following Q1 2021 Results
Organigram Holdings (TSX: OGI) (NASDAQ: OGI) yesterday morning reported its first-quarter 2021 financial results for the period ended November 30, 2021. The company reported net revenue of $19.3 million, down 23% quarter over quarter, along with gross margins of -20%. Organigram currently has 15 analysts covering the company with a weighted 12-month price target of […]
Russia’s Share of Gold Exceeds US Dollar Holdings for First Time Ever
With tensions between the US and Russia escalating over the past several years, the latter country has been been on a path of gradually reducing its exposure to US assets. As a result, Russia’s share of gold in its $583 billion worth of international reserves has finally outpaced its dollar assets for the first time […]
Hexo Corp Enters US CBD Marketplace With Truss CBD USA Joint Venture With Molson Coors
Hexo Corp (TSX: HEXO) (NYSE: HEXO) has entered the US CBD market via its joint venture with Molson Coors (NYSE: TAP). The joint venture, Truss CBD USA, has launched a new line of sparkling CBD beverages under the the Veryvell brand, available exclusively in Colorado. The Veryvell brand is a hemp-derived sparkling CBD beverage that […]
Subversive Capital Announces US$381 Million Cash Position Following SPAC Redemptions
Subversive Capital Acquisition Corp (NEO: GRAM.U) (OTC: SBVCF) this morning announced the results of redemption notices. The firm has indicated that following redemptions from certain shareholders the SPAC will have an aggregate of US$381 million in company coffers. With the redemption period now closed, the company will able to now forge ahead with its qualifying […]