David Rosenberg: Canada’s Housing Market Is In A ‘Huge Bubble’
Canada’s housing market is likely in bubble territory, following months of surging prices across some of the hottest real estate regions in the country. According to Rosenberg Research & Associates founder David Rosenberg, Canada’s housing market is in a “huge bubble,” following a surge in home prices that are now leaving many potential homeowners priced […]
Aurora Cannabis Lists Sun Facility For Sale With Colliers
Aurora Cannabis (TSX: ACB) (NYSE: ACB) has placed its Aurora Sun facility, located in Medicine Hat, for sale. Originally reported by MJBizDaily, the building has been found to be publicly listed by Colliers International as being for sale. The facility, which is as of yet uncompleted, has seen capital expenditures of $260.0 million to date, […]
US Stock Market Surges Following Final Stimulus Bill Approval
The US stock market soared to a new high following a tech rally revival, as investors eye the latest $1.9 trillion stimulus bill soon to be unleashed into the economy. The S&P 500 was the subject of a record rally as investors piled into tech and consumer discretionary stocks, while the Nasdaq 100 index soared […]
48North To Conduct Financing At $0.21 Per Unit
48North Cannabis Corp (TSXV: NRTH) last night announced that it will be conducting an overnight marketed public offering of units. The total figure to be raised is as of yet unidentified by the company, with details expected to be released this morning. The offering is set to see units sold at a price of $0.21 […]
Power REIT Performs $2.1 Million Transaction In Colorado
Power REIT (NYSE: PW) this morning announced a small transaction in which it performed in Colorado. The company has acquired a 2.2 acre parcel of land in Crowley County, which will see greenhouse and processing space constructed. The total commitment of the transaction has been pegged at $2.1 million for Power REIT, which includes the […]
Xebec Cuts 2020 Revenue Guidance By More Than 18%
Xebec Adsorption (TSX: XBC) this morning cut guidance for fiscal 2020, as a result of its current process of “finalizing financial results.” The company had previously guided to revenues between $70 million and $80 million, with guidance now cut to just $57 million, which represents an 18.6% decline on the low end of guidance, and […]
Anglo Pacific Acquires Cobalt Stream For US$205 Million
Anglo Pacific (TSX: APY) this morning completed the acquisition of a 70% interest in a stream of cobalt production. The production comes from Voisey’s Bay, one of the largest sources of cobalt production in the world outside of the Congo, with the transaction marking the beginning of a transition to battery metals for the firm. […]
Very Good Food Company To Uplist To TSX Venture March 17
The Very Good Food Company (CSE: VERY) this morning announced that it will be leaving the Canadian Securities Exchange. The company has now received formal approval to list its shares on the TSX Venture. Effective March 17, the company will be listed on the mid-tier exchange, with its equity remaining under the symbol “VERY”. As […]
Digihost To Conduct $25.0 Million Financing
There appears to be a very strong demand for digital currency miners among institutions. Last night, Digihost Technology (TSXV: DGHI) became the latest firm to announce a private placement, with the majority to be taken by undisclosed institutional investors. The financing will see the company raise gross proceeds of $25.0 million, through the sale of […]
US Core Consumer Prices Increased 0.1% in February, Below Estimates
Consumer prices in the US rose at a slower pace than previously expected in February, putting inflation fears aside— for now. With an unprecedented level of government stimulus spending and more on the way, all eyes were on the latest CPI figure to provide a gauge into the progression of America’s economic recovery. According to […]