Aphria, Tilray Granted Regulatory Clearance Under Competition Act For Combination
Aphria Inc (TSX: APHA) (NASDAQ: APHA) this evening reported that the transaction with that of Tilray Inc (NASDAQ: TLRY) is currently slated to close in the second quarter of 2021. The combined entity currently has pro forma revenue of US$685 million on a trailing twelve month basis. In connection with the transaction, the company this […]
Bank of Canada Reduces Provincial Bond Purchases to Once per Week
The Bank of Canada announced it will decrease the frequency of its provincial bond purchases, noting that credit markets are no longer in dire need of the program’s support which was first unveiled in May 2020 in response to the Covid-19 pandemic. In an emailed response to Bloomberg, a representative for the Bank of Canada […]
Liberty Health Shareholders Approve Acquisition By Ayr Wellness
Liberty Health Sciences (CSE: LHS) has seen shareholders granted approval for the previously announced acquisition by that of Ayr Wellness (CSE: AYR.u). The transaction will see the company acquired in an all-stock transaction initially valued at $372 million. The transaction received approval from a total of 95.08% of Liberty securityholders present at the meeting, and […]
Global Debt Levels Surged to Record $281 Trillion In 2020
The coronavirus pandemic created an unprecedented level of economic contractions around the world, sparking record levels of government stimulus spending in response. As a result, global debt levels increased by an additional $24 trillion in the past year, totalling a record $281 trillion. According to recent data published by the Institute of International Finance (IIF), […]
SpotGamma: Understanding Gamma Squeezes – The Daily Dive
Today on the Daily Dive, we sit down with someone who has become a frequent guest – Brent Kochuba, of SpotGamma. Brent sits down with us to explain what gamma is within the options market, the implication it has on underlying securities, and the impact of social media in trading today. SpotGamma is a trading […]
TPCO Holdings: Craig-Hallum Initiates Coverage With US$16 Price Target
The second firm to initiate coverage on TPCO Holdings Corp (NEO: GRAM.u) (OTC: GRAMF) since de-SPACing is that of Craig-Hallum. Their analyst Eric Des Lauriers initiated TPCO with a buy rating and a U$16 price target yesterday. He writes, “TPCO is uniquely positioned to consolidate the iconic yet fragmented CA market that has largely been […]
Copper Prices Soar Past US$9,000 As Investors Anticipate Tightening Supply
For the first time in nine years, the price of copper has risen above US$9,000 per metric ton, as tightening supplies and future demand growth have caught the attention of investors. Since the beginning of the year, commodities, including metals and oil, have enjoyed a significant price rally as prospects of impending economic growth continue […]
Newlox Gold Appoints Dr Marcello Veiga To Chairman Of Newlox R&D
Newlox Gold Ventures (CSE: LUX) this morning announced the appointment of a chairman for its research division, Newlox Research and Development Corporation. Taking on the role will be that of Dr Marcello Veiga, a global authority on artisanal and small scale mining. Veiga has over four decades of experience in the field of mining, having […]
Hive Blockchain Purchases 6,000 Additional Miners, Pushing Capacity To 1.67 EH/s
Hive Blockchain (TSXV: HIVE) continues to build out its operations. The company this morning announced that it has purchased 6,000 additional miners, which are expected to add a further 444 PH/s of computing power to its current capacity. The additional miners are expected to bring the firms total ASIC computing power to 1.673 EH/s, bringing […]
Ventripoint Diagnostics Tech To Be Used To Study Atrial Dysfunction In Children
Ventripoint Diagnostics (CSE: VPT) this morning announced the beginning of a new clinical study being conducted by the Department of Pediatrics at the University of Alberta in collaboration with both the Stollery Children’s Hospital and the Mazankowski Heart Institute. The study will be focused on children with suspected valvular disease. More specifically, the study is […]