US Airlines’ Losses Expected to Surpass $35 Billion in 2020
With the coronavirus pandemic decimating air travel all around the globe, the resulting financial turmoil does not appear to be ending anytime soon, especially for airlines in the US. According to calculations conducted by data company FactSet and then reported by CNBC, net losses for airlines in America are expected to surpass $35 billion in […]
Stifel: Comparing US Cannabis To Traditional CPG Suggests ~20x Upside
On Monday Stifel GMP released their 2021 US Cannabis outlook. Andrew Partheniou, Stifel GMP’s cannabis analyst, headlines the note by saying that the US Cannabis regulator arbitrage is a gift for investors. Partheniou, in his first paragraph, writes that they are impressed with how well these companies have built their operations up during 2020 while […]
Pure Extracts Expands Private Placement To $5.0 Million
Pure Extracts (CSE: PULL) has closed the first tranche of its ongoing private placement offering of special warrants, while upsizing the placement as a whole due to investor demand. The company has closed a total of $3.1 million in gross proceeds under the first tranche following the closing of a lead order. With the major […]
GoGold Hits 15.3 Metres of 174 G/T Silver Equivalent At Los Ricos North
GoGold Resources (TSX: GGD) this morning released further drill results from its Los Ricos North property this morning. The results come from the El Favor deposit on the property, with the highlight value being 15.3 metres of 174 g/t silver equivalent, including an intersection of 2.0 metres of 928 g/t silver equivalent. Drill results from […]
Zenabis Announces Exclusive Merger Discussions, Blasts Sundial For Issuing Notice Of Default
Zenabis Global (TSX: ZENA) this morning announced an update to its ongoing review of strategic alternatives, which was formally announced on December 21, 2020. The company has indicated that it is currently in exclusive discussions with “another significant licensed producer” for a potential merger discussion, while separately blasting Sundial Growers (NASDAQ: SNDL) in relation to […]
Datametrex Announces Launch Of Concierge COVID-19 Testing Service
Datametrex AI (TSXV: DM) this morning announced the launch of a unique new service, referred to as that of a concierge COVID-19 testing service. The service is intended for the traveling public, with the service being available in the cities of both Toronto and Vancouver. Launched on January 4, the service has been “designed for […]
New Found Gold Expands Current Drilling To $35 Million, 200,000 Metre Program
New Found Gold (TSXV: NFG) is starting off 2021 strong by announcing a doubling in size of its current drilling program at its flagship Queensway project, effectively growing the program from 100,000 metres to that of 200,000 metres. The company in the process is also increasing the number of drill rigs on site from four […]
Psyched Wellness Announces Study On Muscimol Antioxidant and Anti-Inflammatory Properties
Psyched Wellness (CSE: PSYC) has begun yet another study related to that of the Amanita Muscaria mushroom. The latest research to be conducted by the firm will focus on the therapeutic values of muscimol, an active compound within the fungi, for antioxidant and anti-inflammatory purposes. The study will test for these properties via what is […]
Sundial Growers Issues Notice Of Default To Zenabis On Senior Secured Loan
Despite many Zenabis Global (TSX: ZENA) shareholders believing otherwise, it appears that the purchase of certain debt by Sundial Growers (NASDAQ: SNDL) is not as positive as it seemed. Sundial this morning indicated that it has already issued a notice of default to Zenabis in relation to certain terms contained within the senior loan that […]
Mind Cure Announces Launch Of iSTRYM, A Mental Wellness Digital Therapeutics Tool
Mind Cure Health (CSE: MCUR) has launched a digital therapeutic tool which has been designed to provide near real-time data on patient care while enhancing access to psychedelic research, procedures and protocols in the realm of mental health. Labelled as iSTRYM, the new platform will look to bridge gaps that currently exist between clients, researchers […]