Farmers Edge: Canaccord, National Bank Initiate With $25 Price Target
Early this month Farmers Edge inc (TSX: FDGE) completed their $125 million IPO on the TSX, with the IPO later seeing the over-allotment fully subscribed, bringing the total figure to $143.8 million. Farmers Edge is focused on digital agriculture, whereby it provides farmers with what it refers to as “cutting-edge solutions powered by a unique […]
SEC Opens Probe Into Wall Street’s SPAC IPO Craze
The latest check acquisition frenzy that has been captivating Wall Street finally caught the attention of the US Securities and Exchange Commission (SEC), which has opened an inquiry to determine how underwriters are bypassing the significant risks inherent in special purpose acquisition company (SPAC) dealings. According to unnamed sources cited by Reuters, the SEC has […]
Eloro Resources Closes $25.0 Million Bought Deal Financing
Eloro Resources (TSXV: ELO) this morning announced the closing of its bought deal private placement. The financing saw a total of $25.0 million raised in gross proceeds for the company, including the exercise of the over-allotment option. Under the terms of the financing, 6.7 million units of the company were sold at a price of […]
Well Health Provides Soft Guidance For Q1 2021
Well Health Tech (TSX: WELL) this morning provided a corporate update following the release of its fourth quarter financials that failed to excite investors. The update effectively served as a reiteration of the positive aspects of its financial results, while providing a brief update to its current patient visit stats. The company this morning highlighted […]
Zacatecas Silver Announces Completion Of Re-Sampling Program, Assay Details Slim
Zacatecas Silver (TSXV: ZAC) this morning announced that it has engaged a third party consultant as part of the process of preparing a current resource estimate for the Panuco Silver Deposit at its flagship Zacatecas Silver property in Mexico. The firm also announced that it has received assay results from a re-sampling program, however details […]
Nio Halts Vehicle Production For Five Days Due To Semiconductor Shortage
Nio Inc (NYSE: NIO) this morning was the latest automotive firm to announce production suspensions in the near term. The suspension comes as a result of the global semiconductor shortage being experienced. The production suspension is expected to apply to the JAC-NIO manufacturing plant based in Hefei, where production will be suspended for five working […]
GameSquare Esports Appoints Jordan Belfort, “Wolf of Wall Street,” To Advisory Board
It appears that the “Wolf of Wall Street,” Jordan Belfort, has returned to the world of penny stocks. It was announced this morning by GameSquare Esports (CSE: GSQ), that Belfort would be joining the advisory board of the esports-focused firm. The intention behind the appointment appears to be the attempt to bring attention to the […]
First Cobalt Sees Glencore Take 4.8% Stake In Company Via Debt Conversion
First Cobalt (TSXV: FCC) this morning announced that it will be settling an outstanding debt with Glencore via the issuance of shares. The arrangement will see a $5.5 million outstanding loan settled via shares, resulting in Glencore having a notable stake in the firm. The debt to equity conversion is in relation to a loan […]
Plant&Co Adds Whole Foods As Nationwide Distributor For Cereal Products
Plant&Co Brands (CSE: VEGN) this morning reported that it has expanded its current distribution. The company this morning indicated that its Holy Crap Breakfast Cereal will now be listed in Whole Foods store within Ontario. The announcement adds a notable retailer to the firms current distribution within the province, while the cereal is now available […]
Canada House Wellness Sees CFO Quit
Canada House Wellness (CSE: CHV) has seen its chief financial officer quit. The company announced late last night that Paul Hart, whom had been with the company for three years, has quit his role at the firm. Hart had served in the role since April 2018, replacing Mike Johnston whom had been in the role […]