Gran Colombia Gold Takes 36% Stake In Denarius Silver Corp
Gran Colombia Gold (TSX: GCM) this morning announced the diversification of its asset portfolio. The company has acquired a 36% stake in that of Denarius Silver Corp (TSXV: DSLV), a new issuer on the TSX Venture. The stake in the company follows the sale of certain Zancudo Mining assets, as per a a purchase agreement […]
Hut 8 Mining Partners With Validus Power To Develop Low Cost Bitcoin Mining Solutions
Hut 8 Mining (TSX: HUT) is looking for creative ways in which it can bring down its operating costs for its Bitcoin mining operations. The company this morning announced that it has entered into exclusive partnership discussions with that of Validus Power Corp, an energy developer focused on low cost power. The partnership has reportedly […]
Fire & Flower To Enter US Market Via Licensing Structure With American Acres, Little Details Provided
Fire & Flower Holdings (TSX: FAF) evidently is entering the US market. The firm announced this morning that it has effectively found a way in which it can legally enter the US cannabis market while remaining listed on the Canadian big board, thanks to some strategic maneuvering. The arrangement will see the company enter into […]
Ceres Acquisition Corp To Acquire Parallel In US$1.84 Billion Transaction
Ceres Acquisition Corp (NEO: CERE.u), a special purpose acquisition corp, or SPAC, has entered into a definitive business combination with that of Parallel, one of the largest privately held US-based cannabis operators. The currently proposed transaction values Parallel at roughly US$1.84 billion. The arrangement will see the company raise US$225 million through an oversubscribed PIPE […]
Elon Musk’s Tweets Send Inattentive Retail Investors Piling Into Wrong Stock… Again
Back in January, Musk sent out a tweet urging his followers to use the encrypted messaging app Signal, which ended up prompting an army of inattentive retail investors to pile into a completely unrelated non-profit company baring the same name. Now it appears that Musk has done it again: after posting numerous tweets about using […]
Harborside: Beacon Initiates Coverage With $4.00 Price Target
Beacon Securities has initiated coverage on Harborside Inc (CSE: HBOR) with a C$4 price target and a buy rating after a busy news week. This is the second analyst to provide coverage on the company with ATB Capital recently increasing their price target to C$3.50 from C$2.50. Beacon’s analyst Russell Stanley says that the company […]
Canadian Retail Trade Declines by Most Since 2009 Financial Crisis
Retail sales across Canada dropped by the most since April’s historic lows, falling by 3.4% in December to $53.4 billion. Canadian retailers finished off 2020 1.4% below the previous year’s levels, amounting to the largest annual decline since the 2009 recession. According to data published by Statistics Canada on Friday, Canadian retail sales suffered their […]
Bitcoin Approaches $1 Trillion Market Cap After Musk Favors Crypto Over Cash
Elon Musk has provided some insight regarding his colossal investment in Bitcoin, explaining that the risky move does not reflect his personal opinion of the cryptocurrency, but rather that it is less unstable than directly dealing in cash. Musk reveals that although he is not an investor, the sub-zero interest rates that have been plaguing […]
Strategic Metals: Honey Badger Silver Transaction Highlights Value Of Asset Portfolio
Last week, Strategic Metals Ltd. (TSXV: SMD) reached a binding letter of intent (LOI) to sell its 100% stakes in three silver-focused development properties located in the Yukon Territory to Honey Badger Silver Inc. (TSXV: TUF). In exchange, Strategic Metals, a Yukon-focused project generator, will receive about 23 million shares of Honey Badger, equivalent to a […]
Jeff Bezos Surpasses Musk, Reclaims Position as World’s Richest Person
After Elon Musk recently surpassed Jeff Bezos as the world’s richest person, it appears that the Amazon founder soon reclaimed his No. 1 position, as his net worth now exceeds Musk’s by US$955 million. Tesla shares dropped by 2.4% on Tuesday, eliminating more than US$4.6 billion from Musk’s fortune and bringing the CEO down from […]