Spruce Ridge Releases Final Assays From Copper-Focused Drill Program
Spruce Ridge Resources (TSXV: SHL) this morning reported the final assay results from its 2020 drill program conducted at its Great Burnt copper deposit in Newfoundland. Highlight results from the entire program consist of GB20-05, reported December 21, with 8.06% copper over 27.2 metres, and GB20-020, reported December 24, with 6.89% copper over 13.4 metres. […]
WELL Health Reports Q4 Revenues Of $17.2 Million, Net Income Of $5.8 Million
WELL Health Technologies (TSX: WELL) this morning reported their fourth quarter and full fiscal year 2020 financial results. The company reported revenues for the fourth quarter of $17.2 million, along with a net income of $5.8 million, while the full fiscal year saw total revenues of $50.2 million and a net loss of $3.2 million. […]
Freeman Gold Intersects 2.5 G/T Gold Over 151 Metres At Lemhi
Freeman Gold (CSE: FMAN) this morning released the latest results from its drill program at its flagship Lemhi Gold Project in Idaho. Within, the company reported a highlight result of what is effectively the highest grade intercept ever drilled at the property – 2.5 g/t gold over 151 metres, which includes 25 g/t gold over […]
New Found Gold Sees Eric Sprott Take Down Entire $15.0 Million Flow Through Financing
New Found Gold (TSXV: NFG) is looking to raise further funds. The company this morning announced that it will be conducting a flow-through private placement to raise gross proceeds of $15.0 million, with the financing being taken down in entirety by Eric Sprott. The flow through financing will see a total of 2.9 million shares […]
Exploits Identifies Three High Priority Targets At True Grit
Exploits Discovery (CSE: NFLD) has defined three high priority drill targets at the True Grit gold project, located in Newfoundland. The announcement was made by the firm this morning, with the targets being identified through the use of GoldSpot Discoveries AI data analysis technology. The targets defined by the company display structural patterns of both […]
Canopy Growth Enters US$750 Million Senior Secured Term Loan
It appears that Canopy Growth (TSX: WEED) (NASDAQ: CGC) has seen its funds from Constellation Brands deplete to the point that it now needs to take on debt. The company this morning announced that it has entered into a credit agreement for a US$750 million senior secured term loan, with room to expand the loan […]
Plant&Co Brands Proceeds With Franchising Model For YamChops
Plant&Co Brands (CSE: VEGN) is proceeding with the development of its franchise model for the YamChops brand. The company this morning announced that it has retained iFranchise Group, a consulting firm for franchising, for the launch of the North American expansion plan for YamChops. The arrangement will see iFranchise assist the company with the development […]
Nuvei Corp Conducts Secondary Bought Deal For US$494 Million
It appears that several Nuvei Corp (TSX: NVEI) shareholders are looking to liquidate their positions. The company this morning announced that it has entered into a US$494.0 million bought deal secondary financing. The financing will see a number of shareholders reduce their positions, including Novacap Management, Whiskey Papa Fox Inc (which is owned by CEO […]
Hexo Corp Reports Q2 2021 Revenues Of $32.8 Million, Net Loss Of $20.8 Million
Hexo Corp (TSX: HEXO) (NYSE: HEXO) reported their fiscal second quarter 2021 financial results this morning, reporting net revenues of $32.8 million, along with a net loss of $20.8 million for the period. The company reported adjusted EBITDA of $202. On a quarter over quarter basis, revenues were up 11.6% from the $29.4 million recognized […]
Sundial Growers Posts Fourth Quarter 2020 Revenues Of C$13.9 Million, Net Loss Of C$64.1 Million
Sundial Growers (NASDAQ: SNDL) this evening vaguely reported its fourth quarter financial results, reporting revenues of C$13.9 million for the quarter as well as net loss of $64.1 million. For the full year, the company reported net revenues of $60.9 million, as well as a net loss of $239.9 million. Financial results released this evening […]