Trulieve Expands Footprint In West Virginia With $6 Million Acquisition
Trulieve Cannabis (CSE: TRUL) is expanding its presence in West Virginia. The company this morning announced that it has entered into a definitive agreement to acquire Mountaineer Holdings, a small operator within the state. The transaction will see Trulieve expand its footprint in the state by a cultivation permit and two additional dispensary permits. Following […]
Canadian Retail Sales Declined 1.1% in January Amid Ongoing Covid-19 Restrictions
Retail sales declined for the second consecutive month in January, as pandemic-related restrictions forced non-essential retailers to curb in-person shopping. According to Statistics Canada, retail sales fell by 1.1% to $52.5 billion in January, as 6 of the 11 subsectors suffered subdued sales. Core retail sales— which do not account for sales at gas stations […]
Ford Partially Assembles Vehicles, Cuts Shifts Amid Worsening Chip Shortage
The worsening global semiconductor shortage continues to wreak havoc for automakers, as Ford announced Thursday that it has no choice but to further cut shifts at several of its factories, as well as build its F-150 pickup trucks and Edge SUVs without necessary parts. According to CNBC, which quoted a Ford spokesperson, the US vehicle […]
Hexo: Canaccord Raises Price Target To $9.50
On March 18th, Hexo Corp (TSX: HEXO) (NYSE: HEXO) reported their fiscal second quarter results. The company announced that it saw revenue grow 12% quarter over quarter to $32.8 million, alongside a positive adjusted EBITDA number of just $202. The company also announced that its non-beverage segment grew 72% and maintained its number one market […]
Mish Shedlock: CPI Is A Bad Measure For Inflation – The Daily Dive
For our Sunday edition of The Daily Dive, we sit down with Mike “Mish” Shedlock, a popular commentator for TheStreet.com. Mike joins us this afternoon to discuss the use of the consumer price index, or CPI, as a measure of inflation, the impacts of stimulus as well as the renewed focused on renewable/green energy, and […]
US Sets Sights on Canada for Minerals to Build Electric Vehicle Batteries
With electric vehicle production ramping up among major automakers, the US government has increasingly been looking to Canada for the extraction and production of precious minerals. According to Reuters, the US Department of Commerce recently held a closed-doors meeting with a number of metals miners and battery manufacturers to discuss how to increase Canada’s EV […]
Battle North Gold’s Takeover Price Has Negative Read-Through For Pure Gold’s Valuation
On March 14, Evolution Mining Limited (ASX: EVN) reached an agreement to acquire Battle North Gold Corporation (TSX: BNAU) for $2.65 per share in cash, for a total acquisition price of $343 million. The agreed-upon price represents a 46% premium to Battle North’s close on the previous trading day. The transaction is expected to close in Q2 […]
New-Home Prices Rise by Most in Three Decades
Canada’s real estate market continues to heat up in the new year, as prices for newly-built homes soared by the most in over three decades. According to Statistics Canada’s latest New Housing Price Index print, new home prices rose by 1.9% last month— the fastest pace since February 1989. Nearly all regions across Canada recorded […]
Green Thumb: Canaccord Raises Price Target To $52 Following Q4 Results
On March 17th, Green Thumb Industries (CSE: GTII) reported their fourth quarter and year end financial results. The company announced quarterly revenue of $177.2 million and full year revenue of $556.6 million. For adjusted EBITDA, the company announced positive $65.4 million and $179.6 million for the fourth quarter and year-end respectively. This was the companies […]
JR Rahn: Using LSD To Treat Mental Health – The Daily Dive
For our Saturday edition of The Daily Dive, host Cassandra Leah sits down with that of JR Rhan, founder and co-CEO of Mind Medicine (NEO: MMED). JR joins us to discuss operating in the mental health space, why the firm elected to study MDMA and LSD, and the stigma associated with such compounds that the […]