Valens Company Completes Acquisition Of Lyf Food Tech
The Valens Company (TSX: VLNS) has officially closed the acquisition of LYF Food Technologies. The arrangement saw the extraction focused firm acquire the edibles producer for total consideration of $24.9 million, before additional earn-out provisions are considered. The acquisition was justified by the firm refocusing its operation to that of a “cannabis consumer packaged goods […]
Morgan Stanley: Tesla Rapidly Losing Market Share to Ford’s Mustang Mach-E
It appears that Elon Musk may soon be forced to roll up his sleeves and actually get to work instead of infatuating about Bitcoin, after Morgan Stanley’s latest Autos & Shared Mobility research report found that Tesla is rapidly losing its US market share thanks to growing Ford Mustang Mach-E sales. The research report, titled […]
5Y Breakeven Rate Soars to Highest Level Since 2008 Amid Inflation Fears
It appears that markets are beginning to take the seriousness of impending inflation into account. The 10Y breakeven rate has thus far remained relatively steady at 2.2%, suggesting that inflation expectations over the next ten years are not yet a cause for alarm. However, the 5Y breakeven rate has just surged above 2.50%, as investors’ […]
Platinum To Go Above $2,000? – The Daily Dive feat Todd “Bubba” Horwitz
Today on The Daily Dive, we sit down with Todd “Bubba” Horwitz, of BubbaTrading.com. Todd joins us this afternoon to provide his take on Tesla’s recent $1.5 billion purchase of bitcoin, the normalization of digital currencies, the silver squeeze, and the rising value of platinum among other commodities. The founder and chief strategist of BubbaTrading.com, […]
Liberal Government Vows to Continue Spending, Extends Wage and Rent Subsidies by $15 Billion
Despite what appears to be a strengthening economic recovery, Canada’s Finance Minister Chrystia Freeland vowed to continue keeping the federal spending taps wide open, and do”whatever it takes” to support the economy. The latest Statistics Canada data shows that GDP levels in the final quarter of 2020 increased by 9.6%, putting economic activity only 3% […]
O3 Mining: Market Has Ignored The Firms Low Valuation
On February 25, O3 Mining Inc. (TSXV: OIII) announced encouraging drilling results in the Simkar sector of its Alpha property located in the well-known Val-d’Or mining region in Quebec. As part of its fully funded 100,000-meter drilling program at Alpha this year, the company intersected 1.2 grams of gold per tonne (g/t) of resources at Simkar […]
Good Natured Products Raises $23.1 Million Via Bought Deal
Good Natured Products (TSXV: GDNP) this morning closed its previously announced bought deal financing. The company managed to raise gross proceeds of $23.1 million from the transaction. A total of 19.3 million shares of the company were sold in connection with the financing, at a price of $1.20 per share. No warrant was offered under […]
Supreme Cannabis Launches $30.0 Million ATM Financing
The Supreme Cannabis Company (TSX: FIRE) late last night announced that it will be conducting another at the market equity program, which is more commonly referred to as an ATM financing among investors. The financing will be conducted by that of BMO Capital Markets. In total, the company will look to raise gross proceeds of […]
Empower Clinics Receives Further $5.0 Million From Warrant Exercises
Empower Clinics (CSE: CBDT) has seen significant capital inflows as a result of the exercise of warrants. The company this morning reported that it had received $5.0 million from the exercise of warrants since December 14, 2020, bringing the total figure to $10.5 million as of late. The inflow of capital enables the firm to […]
NetCents Sees Transactional Volume Decline 18% In February
NetCents Technology (CSE: NC) this morning reported its transactional volume on its cryptocurrency payments system. The company revealed total volume of just over $6.7 million for the month of February, a significant decline from volume seen in the month of January. Interestingly, the company on February 9, indicated that its NC exchange conducted approximately $4.2 […]