Canopy Growth Posts Q3 2021 Revenues Of $152.5 Million, Net Loss Of $829.3 Million
Canopy Growth Corp (TSX: WEED) (NASDAQ: CGC) this morning released its third quarter 2021 financial results, reporting revenue of $152.5 million, along with a net loss of $829.3 million. The massive loss posted by the company was the result on numerous impairment and restructuring charges that the company took, as announced in December. Cost of […]
AUX Resources Hits 103 G/T Gold, 53 G/T Silver Over 2.74 Metres At Georgia Project
The much anticipated assay results have finally been released. AUX Resources (TSXV: AUX) this morning released assay results from its 2020 drill program at its flagship Georgia Project, which contains the historic Georgia River Mine. Highlights from the program include 103 g/t gold and 53 g/t silver being intersected over 2.74 metres. The 2020 drill […]
Cypress Developments To Raise $8.5 Million In Bought Deal Financing
Cypress Development Corp (TSXV: CYP) this evening announced that it will be conducting a $8.5 million bought deal financing. The financing is to be lead solely by that of PI Financial. The financing will see the sale of 6.8 million units of the company at a price of $1.25 per unit. Each unit is to […]
Kia, Hyundai Reveal They Aren’t in Discussions With Apple Over EV Production
Last week, Bloomberg suggested that Apple was in discussions with Kia and its affiliate, Hyundai, regarding a potential collaboration for the phone manufacturer’s highly-anticipated entrance into the EV market. However, it appears that both South Korean automakers on Monday revealed that no such talks are currently taking place. According to regulatory filings published on Monday, […]
Toronto Home Sales Soar by 52.4% in January Following Increased Activity in Condo Market
The largest housing market in Canada appears to be off to a strong start in 2021, as home sales in the Greater Toronto Area (GTA) soared by 52.4% in January, largely due to a resurgence in interest in the condo market. According to latest data published by the Toronto Regional Real Estate Board (TRREB), a […]
Gold To Hit $2,300 in 2021? Craig Hemke of TF Metals Report – The Daily Dive
Starting the week off on The Daily Dive is that of Craig Hemke Of TF Metals Report. Craig joins our host Cassandra Leah to discuss his current price target for gold as well as the Federal Reserve. Within, Craig outlines his base case target of $2300 gold in 2021, and his take on the Fed’s […]
Peloton Announces $600 Million Convertible Note Offering
Peloton Interactive (NASDAQ: PTON) this morning announced that it intends to raise U$600.0 million in aggregate principal via the sale of convertible senior notes. The notes are to be sold via a private offering, with a due date of 2026. Notably, pricing of the offering has not yet been determined of the offering, with details […]
BMO Raises Jazz Pharmaceuticals Price Target To US$205
It was announced last week wednesday that Jazz Pharmaceuticals (NASDAQ: JAZZ) would be acquiring GW Pharmaceuticals (NASDAQ: GWPH), a company discovering, developing, manufacturing and commercializing novel, regulatory approved therapeutics from its proprietary cannabinoid product, for $220 a share, a 50% premium. The total purchase price is U$7.2 billion. U$6.7 billion comes in the form of […]
Relay Medical Refreshes Management Teams, Company Boards
Relay Medical (CSE: RELA) this morning placed on emphasis on strengthening its management team as well as its board of directors and advisory board. The company this morning made a number of appointments as it works to execute on its strategy. First up on the list is the appointment of Ian Fine as VP of […]
Trillium Gold Mines Appoints Rohan Hazelton As Senior Financial Advisor
Trillium Gold Mines (TSXV: TGM) continues to strengthen its team. The firm this morning announced the appointment of Rohan Hazelton to the role of senior financial advisor for the company. Under his new appointment, Hazelton appears to be a core member of the team tasked with assisting in building value at Trillium’s large position in […]