Precision Drilling Conducts $9 Million In Share Buybacks Following $10 Million Emergency Wage Subsidy
Precision Drilling (TSX: PD) this morning reported its fourth quarter financing results for 2020 this morning. Within, the company revealed that it had conducted share buybacks throughout 2020, a strategy that continued through to 2021 – despite the firm taking money from the government for wage subsidies. Within the firms news release this morning, the […]
Eclipse Gold, Northern Vertex See Courts Approve Plan Of Arrangement
Eclipse Gold (TSXV: EGLD) has received a final order from the Supreme Court of British Columbia approving its transaction with that of Northern Vertex Mining Corp (TSXV: NEE). Following the issuance of the court order, the firms are now set to close on the merger arrangement. Initially announced on December 7, the arrangement will see […]
Neptune Wellness Enters Plant-Based Food Sector With Controlling Interest Acquisition Of Sprout Foods
Neptune Wellness (TSX: NEPT) (NASDAQ: NEPT) appears to be pivoting its business model yet again. The CBD-turned-Covid-19 focused firm is now getting into the world of organic plant-based food. The company this morning announced that it has acquired a controlling interest in Sprout Foods, an organic plant-based baby food and toddler snack company. The interest […]
Fire & Flower Completes $15.0 Million At The Market Offering
Fire & Flower Holdings (TSX: FAF) this morning announced that it has already completed its at the market financing. Initially announced on December 3, 2020, the company has managed to raise gross proceeds from the direct sale of shares on equity markets in roughly a two month time period. A total of 16.6 million new […]
Pure Extracts Sees First Commercial Sale Of CBD Oil
Pure Extracts (CSE: PULL) has completed its first commercial sale of CBD oil, and thereby commenced revenue generation. The order reportedly occurred on the wholesale market, with the shipment expected to be the first of multiple under the stated contract. The shipment consisted of 85% pure CBD distillate under the terms of the contract entered […]
Aurora Cannabis: Canaccord Anticipates Q2 Revenues Of $69.5 Million
On Thursday, February 11th, Aurora Cannabis (TSX: ACB) (NYSE: ACB) is scheduled to release their second fiscal quarter 2021 financial results. Aurora currently has 13 analysts covering the company with a weighted 12-month price target of C$11.95. This is up slightly from last month, which was C$11.41. Ten analysts have hold ratings, while one analyst has […]
Investment In Canada’s Residential Construction Soars To Record-High
Following three consecutive months of declines, investment in Canada’s building construction rose by 1.5% in December to a total of $15.5 billion. The gains were largely focused in the residential sector, which reached a new record amid a strong demand for housing across Canada. According to Statistics Canada, the month of December saw non-residential construction […]
Bruce Linton: Will Cannabis Be Descheduled Under Biden? – The Daily Dive
Today on the Daily Dive, we get the opportunity to sit down with Bruce Linton, founder and former CEO of Canopy Growth Corp, and an advisor to Creso Pharma (ASX: CPH), among numerous others. Bruce sits down with us to talk legalization south of the border, psychedelics, and the firms he advises, including Gage Cannabis […]
Tesla Receives Warning from Chinese Regulators Over its Quality Control Issues
Despite Tesla’s history in China being riddled with scandals, including forced recalls, constant price cuts, and Gigafactory quality control nightmares, Elon Musk has thus far been successful in evading any major ugly press coverage. However, all good times eventually come to an end, as now the Chinese government has allegedly begun taking a closer look […]
The Economic Impacts Of Biden’s Proposed $15 Minimum Wage Hike
America’s minimum wage, which has been stagnant since 2009 at a paltry $7.25 per hour, has recently dominated the news cycle after US President Joe Biden called for a wage increase to $15 per hour in the new $1.9 trillion Covid-19 stimulus plan. The US minimum wage has not increased since 2009, and has been […]