Sundial Growers Forms Investment Joint Venture, Commits Initial $100 Million To Project
Sundial Growers (NASDAQ: SNDL) this morning announced that it has entered into a joint venture with that of SAF Opportunities, which is a member of SAF Group, a private equity and credit investment firm. The new venture is to be labelled as SunStream Bancorp. The venture was reportedly formed to leverage “financial and operational partnership […]
DigiMax Announces $13.2 Million Placement For Institutional Investors
DigiMax Global (CSE: DIGI) this morning announced that it will be conducting a private placement with institutional investors. The financing will see the company raise $13.2 million in gross proceeds in a financing lead by H.C. Wainwright & Co. Under the terms of the financing, the financing will see the sale of 37.8 million units […]
Gold X To Be Acquired For $315 Million By Gran Colombia In All-Stock Transaction
Gran Colombia Gold (TSX: GCM) this morning announced that it has entered into an arrangement to acquire the remaining portion of Gold X Mining (TSXV: GLDX) that it doesn’t currently own. The value of the transaction is currently pegged at $315 million. The transaction will see Gran Colombia acquire the remaining portion of the company. […]
Battle North Gold To Be Acquired By Evolution Mining For $343 Million
Consolidation within the Red Lake mining camp of Ontario continued last night, with the Sunday evening announcement that Battle North Gold (TSX: BNAU) has agreed to be acquired by that of Evolution Mining (ASX: EVN). The transaction will see Battle North acquired for total consideration of $343 million. The transaction will see shareholders of Battle […]
Village Farms Selected For S&P/TSX Composite Index
Village Farms (TSX: VFF) (NASDAQ: VFF) this morning announced that it has received notification that it will be added to the S&P/TSX Composite Index. The addition is set to occur before the opening of trading on March 22, 2021. More specifically, the firm will be added to the Consumer Staples sector of the index. The […]
Organigram: Analysts Upgrade Targets Following BAT Investment
On March 9th, Organigram Holdings (TSX: OGI) (NASDAQ: OGI) announced that they received a C$221 million strategic investment from British American Tobacco, which is the equalivent to 53.3 million shares or a 19.9% stake in the cannabis company. Organigram currently has 14 analysts covering the company with a weighted 12-month price target of C$3.58. This […]
Bitcoin: A Price Ratio Is Flashing A Warning Signal
A ratio which tracks the daily issuance of Bitcoin to cryptocurrency miners has moved into a range which in the past has preceded a downturn in the digital currency (see graph just below). The Puell Multiple, which is computed daily, is the U.S. dollar value of all Bitcoin mined that day (“new Bitcoin”) divided by the […]
Ayr Wellness: Canaccord Raises Price Target To $70
On March 10th, Ayr Wellness (CSE: AYR.a) reported their fourth quarter and year end financial results. They posted quarterly revenues of U$47.76 million, an adjusted EBITDA of U$19.35 million, along with a net loss of U$143.58 million. Full year numbers came in at U$155.1 million, U$56.19 million, and -U$176.3 million, respectively. These numbers generally came […]
Could The Increase In The 10 Year Yield Have Big Implications? – The Daily Dive ft Richard Laterman
For our Sunday edition of The Daily Dive, our host Cassandra Leah sits down with Richard Laterman, whom is a portfolio manager for ReSolve Asset Management. Richard joins us to discuss the yield curve and the impacts it has on the current market environment, the topic of yield curve control, and the current risks to […]
Research Affiliates: The EV Industry is a ‘Big Market Delusion’
It appears that the EV space is due for a big reality check. That is, according to Rob Arnott of Research Affiliates, who suggests that current astronomical EV company valuations are the result of a “pricing delusion” that has enveloped the market. “The electric vehicle industry, with its astronomical growth in market-cap over the 12 […]