NG Energy: Beacon Raises Price Target To $3 Following Resource Update
On March 18th, NG Energy (TSXV: GASX) released an updated estimate for their natural gas properties in Colombia. The Sinu-9 block saw Contingent Resources of 51.4 BCF, best estimate unrisked Prospective Resources of 836.4 BCF for Prospects and 637.4 BCF for Leads. In addition, NG Energy confirmed the best estimate unrisked Prospective Resources of 194.9 BCF […]
Sundial Growers Files For US$800 Million At-The-Market Offering
Sundial Growers (NASDAQ: SNDL) this morning filed a prospectus supplement with the US Securities and Exchange Commission. The prospectus outlines the terms for an at-the-market financing that will see gross proceeds of up to $800 million raised for the company. In layman terms, the equity will see shares of its equity sold directly on the […]
Verano Holdings: Canaccord Initiates With $35 Price Target
Earlier this month Canaccord initiated coverage on Verano Holdings (CSE: VRNO) with a C$35 price target and a speculative buy rating. Matt Bottomley summarizes the qualities of Verano with this line, “Verano is currently the leading cannabis brand by market share in its home state of Illinois. It has amassed a national footprint that now […]
DMG Blockchain Expands Bitcoin Mining Capacity By 200 PH/s
DMG Blockchain (TSXV: DMGI) this morning announced the purchase of additional crypto miners. The firm has acquired 2,915 additional bitcoin ASIC miners, which have gone into immediate operation for the company. The additional miners are set to add roughly 200 PH/s of computing power to the firms current capacity, with DMG indicating that there is […]
Novo Resources Takes 50% Interest In Queens Gold Project
Novo Resources (TSX: NVO) has acquired a 50% stake in the Queens gold project in Australia. Announced this morning, the stake was acquired via the exercising of a previously announced option with Kalamazoo Resources. The exercising of the option will see the firm acquire a 50% stake in the property, which encircles the core of […]
Equinox Gold Reports After-Tax NPV of $640 Million For Proposed Castle Mountain Phase 2 Expansion
Equinox Gold (TSX: EQX) this morning announced the results of a feasibility study for its phase 2 expansion of its Castle Mountain Gold Mine in California. The expansion is expected to produce 3.2 million gold ounces at an all-in sustaining cost of $858 per ounce, resulting in an after-tax NPV of $640 million utilizing a […]
Tinley Beverage Sees First Co-Packing Products Shipped From Facility, Signs Another Co-Packing Client
Tinley Beverage Co (CSE: TNY) has shipped the first co-packing products from its Long Beach, California facility. The company this morning announced the inaugural shipments, while also announcing an additional co-packing arrangement for the facility. The shipment of product follows the completion of the first production runs for two separate SKUs for third-party products at […]
Enthusiast Gaming Enters Agreement With TikTok For Integration Partnership
Enthusiast Gaming (TSX: EGLX) has entered into an integrated partnership arrangement with that of TikTok, the short-form mobile video platform. The arrangement was announced this morning with very few details provided. What is known about the arrangement is that a handful of “partnership activations” are to occur, which will include product and logo placement as […]
Verano Holdings Pays US$17.0 Million For Single Retail Location In Arizona
Verano Holdings (CSE: VRNO) this morning expanded its presence in the state of Arizona. The company has entered into an arrangement to acquire control (but not actual ownership) of a single dispensary located in Phoenix, Arizona. The transaction will see the company acquire control of that of Patient Alternative Relief Centre, whom does business as […]
Northern Vertex Reports 1.63 G/T Gold, 18.27 G/T Silver Over 30.48 Metres At Hercules
Northern Vertex Mining (TSXV: NEE) this morning released drill results from its recently acquired Hercules project in Lyon County, Nevada. Highlights from the program include 1.63 g/t gold and 18.27 g/t silver over 30.48 metres in hole H20031. Drill results come from a drill program conducted last year by that of Eclipse Gold, whom recently […]