NG Energy Raises $10.3 Million Under Financings, Sees Insiders Participate
NG Energy (TSXV: GASX) today closed its previously announced financing, raising gross proceeds of $9.8 million in the process. The company managed to sell a total of 8.5 million units within the financing, with units priced at $1.15 each. Each unit under the offering contained one common share and one half of a common share […]
Tesla’s Chinese Sales Double in 2020, But Recent Quality Control Scandals Threaten to Derail Progress
Despite missing its profit projections for the sixth consecutive quarter in January, as well as failing to meet its 2020 delivery guidance, Tesla did manage to exceed its revenue expectations. However, nearly one-fifth of last years’s revenue stemmed from China, but now that the EV maker is facing regulatory scrutiny as well as a growing […]
Creso: The Only ASX-Listed Licensed Producer – The Daily Dive feat Jorgi Wernli
Today on The Daily Dive, we sit down with Jorge Wernli, Commercial and Market Access Director for Creso Pharma (ASX: CPH). Jorge joins us this afternoon to discuss Creso’s CBD operations in Switzerland, the firms product development, and the roles the company plays internationally. Creso Pharma is an ASX-listed issuer with operations focused on the […]
US Junk Bond Yields Fall Below 4% For First Time In History Amid Unprecedented Buying Spree
For the first time ever, the US junk bond average yield fell below 4%, as a frenzy of investors piled into junk bonds in search of higher returns. The asset class, which has always been known for its high yields at the expense of high risk, has seen an unprecedented level of demand over the […]
GM Prolongs Production Cuts Until March Amid Global Semiconductor Shortage
The global semiconductor shortage has been wrecking significant havoc across the auto industry, forcing numerous auto makers to reduce output levels and cut back production on some of their most high-demand models. In the beginning of February, General Motors announced it would be cutting back production volumes at four of its assembly plants, including its […]
Jushi Holdings To Raise $65.0 Million In Overnight Offering
Jushi Holdings (CSE: JUSH) has priced its overnight marketed offering this morning. The company will look to raise C$65.0 million in the financing, which follows the $35.1 million raised by the company just last month. The financing will see a total of 6.5 million subordinate voting shares sold at a price of $10.00 per share, […]
Leveljump Forms New Tech Subsidiary Focused On Disrupting Healthcare Sector
Leveljump Healthcare Corp (TSXV: JUMP) this morning announced the forming of a new subsidiary. The subsidiary, referred to as Leveljump Technologies, will look to acquire or develop innovative products and services within the healthcare sector. More specifically, the new subsidiary will have what the company refers to as “a mandate to primarily focus on new […]
Curaleaf Opens Its 100th Retail Cannabis Location
Curaleaf Holdings (CSE: CURA) this morning achieved a milestone, with company opening its 100th national retail location within the US. The milestone was achieved with the opening of the firms Jacksonville San Jose location in Florida, the second of four dispensaries set to open this month in the state. In conjunction with the additional store […]
PlantX Reports Record January Sales Of $1.1 Million
PlantX Life (CSE: VEGA) continues to see record sales growth for its online ecommerce platform. The company this morning announced its January sales figures, with a record monthly gross revenue of $1.1 million being posted for the month. January’s sales numbers following the $1.0 million reported in sales for the month of December, with the […]
Empower Clinics Partners With MediPro To Sell COVID-19 Test Kits In Canada
Empower Clinics (CSE: CBDT) this morning announced that it has secured a medical device establishment license (MDEL). The status enables the firm to sell its KAI Saliva COVID-19 PCR test kits within Canada. The MDEL status effectively enables the company to import, distribute, and sell KAI Saliva test kits, as part of its focus on […]