Canadian Investors Bought A Record $22.4 Billion of US Equities in December
Canadian investors flocked to the US stock market in December, leading to a significant portfolio outflow to finish the year off. Despite the unprecedented outflow, however, Canada’s economy still recorded an overall positive level of cross-border investment flows for the year. According to Statistics Canada, Canadian investors bought $26.9 billion worth of foreign securities in […]
Psyched Wellness Raises $6.6 Million In Bought Deal Financing
Psyched Wellness (CSE: PSYC) has closed its previously announced private placement. The company managed to raise an impressive $6.6 million under the financing, a sizeable increase from the initial $3.0 million that was to be raised under the financing. The offering saw a total of 21.3 million units of the company sold at a price […]
Supreme Cannabis: Stifel-GMP Raises Price Target To $0.55 Following Q2 Results
Last week, The Supreme Cannabis Company (TSX: FIRE) announced its second quarter 2021 financial results. The company reported net revenues of C$18.3 million, an increase of 54% quarter over quarter, and EBITDA of C$3.6 million. Supreme currently has four analysts covering the company with a weighted 12-month price target of C$0.41. This is up from […]
Graph Blockchain Completes Acquisition Of Babbage Mining
Graph Blockchain (CSE: GBLC) this morning closed the acquisition of Babbage Mining Corp. The firm is focused on developing what it refers to as a best-in-class cryptocurrency miner, with the focus of generating revenue through proof of stake mining for tokens and altcoins. Babbage is currently focused on a number of aspects within the cryptocurrency […]
Creso’s Canadian Subsidiary Sees $494,000 In Additional Orders
Creso Pharma (ASX: CPH) this morning announced that its Canadian subsidiary, Mernova Medicinal, has obtained an additional four purchase orders. The orders come from three separate provincial board, and have an aggregate value of $494,131. The first two purchase orders come the Ontario Cannabis Store, or OCS, marking the first such orders from the largest […]
PharmaTher, Revive, Complete Psilocybin Intellectual Property Transaction
PharmaTher (CSE: PHRM) has seen the completion of the sale of its psilocybin program to that of Revive Therapeutics (CSE: RVV). Under the terms of the agreement, Revive has acquired the full rights to PharmaTher’s intellectual property as it pertains to psilocybin. The assets sold under the arrangement includes a number of IP, including all […]
Neptune Wellness To Raise US$55.0 Million In Registered Direct Offering
Neptune Wellness (TSX: NEPT) (NASDAQ: NEPT) is looking to raise US$55.0 million a day after posting dismal financial results. The company has reportedly entered into arrangements with a number of institutional investments for the financing. Under the terms of the financing, a total of effectively 27.5 million units of the company. The financing will see […]
SKRR Exploration To Raise $3.5 Million In Private Placement
SKRR Exploration (TSXV: SKRR) this morning announced that it will be conducting a private placement for gross proceeds of $3.5 million. The financing follows positive drilling results at its properties located within the Trans Hudson Corridor of Saskatchewan, with highlight results including 1.09 g/t gold over 39.80 metres. The financing will look to raise funds […]
Pegasus Resources Reports Review Of Several Green Energy Projects
Pegasus Resources (TSXV: PEGA) this morning revealed that it is in the process of reviewing several green energy projects. The company has indicated that the projects are consistent with the firms mineral exploration focus. In particular, the company has revealed that it is in the process of reviewing several projects within North America that are […]
Vizsla Adds Two Drill Rigs To Current Program At Copala-Panuco
Vizsla Silver (TSXV: VZLA) is stepping up its drill program at its flagship Copala-Panuco silver-gold project, located in Sinaloa, Mexico. The company this morning announced that it has increased the drill rig count to seven as of today. The company is currently focused on drilling out a near term resource at the Napolean zone, where […]