American Lithium Completes $15.0 Million Funding
American Lithium Corp. (TSXV: LI) announced last night that it has completed its previously announced non-brokered private placement for aggregate proceeds of $15.0 million. The offering consisted of 7.5 million units sold at $2.00 per unit. Under the terms of the financing, each unit consisted of a common share and one-half of a common share […]
Cansortium Closes $71 Million Senior Secured Debt Financing
Cansortium Inc (CSE: TIUM.u) has completed a senior secured term loan facility. The term loan, pegged at US$71 million, was conducted via a syndicate of US-based institutional lenders. The $71 million term loan contains a due date of April 29, 2025, while bearing interest at a rate of 13% per annum. Furthermore, the debt has […]
Gage Cannabis Opens 8th Dispensary, Announces Another Location Set To Open Near Term
Gage Growth Corp. (CSE: GAGE), announced this morning the grand opening of its eighth provisioning center in Battle Creek, Michigan. This gives another Gage dispensary option for Western Michigan, following the opening of Cookies Kalamazoo back in February. The company expects the opening of the 4,600+ square foot Gage Battle Creek will create over 20 […]
Green Thumb To Raise US$217 Million Via Senior Secured Notes
Green Thumb Industries (CSE: GTII) has secured additional financing. The company this morning announced that it has entered into arrangements for US$217 million in senior non-brokered private placement financing, which is to take place via senior secured notes. Under the terms of the financing, the notes to be issued will contain a maturity date of […]
Bell Acquires Formula 1 Canadian Grand Prix Promoter
Bell, wholly owned by BCE Inc. (TSX: BCE), announced this morning that it has acquired the operations of Montréal-based Octane Racing Group Inc. The latter is the promoter of the Formula 1 Canadian Grand Prix. The acquisition secures the promotion’s operations until 2031. With the Canadian Grand Prix having been cancelled both for its 2020 […]
Hut 8 Secures US$20 Million Credit Facility Through Galaxy Digital
It appears that Hut 8 Mining (TSX: HUT) is attempting to use a digital currency as its main means of conducting financial transactions. The company this morning announced that it has entered into a lending arrangement with that of Galaxy Digital (TSX: GLXY) that will enable the company to retain its digital holdings. The arrangement, […]
Goldsource Mines To Conduct $8.0 Million Bought Deal, Consolidate Shares
Goldsource Mines (TSXV: GXS) last night announced that it will be conducting an $8.0 million bought deal financing through that of Cormark Securities and Sprott Capital Partners. The company concurrently announced that it also intends to conduct a share consolidation following the close of the financing. The bought deal arrangement will see a total of […]
WELL Health To Acquire Backoffice Service Provider
WELL Health Technologies (TSX: WELL) this morning elected to close the trading week out with the announcement of a small acquisition. The company has entered into a definitive arrangement to purchase a controlling stake of Doctors Services Group Limited, referred to as DSG, whom operates an uninsured services billing program. The arrangement will see WELL […]
GMV Minerals Begins Environmental Studies For Mexican Hat Project
GMV Minerals (TSXV: GMV) continues to prove out its Mexican Hat project in Cochise County, Arizona. The company yesterday announced that it has begun environmental baseline studies, the results of which will be used to support the development of the gold project. Work on the environmental studies for the project have commenced with the appointment […]
GM’s EV Customers Will Now Have Access to Over 60,000 Charging Stations Across Canada, US
On Wednesday, General Motors announced it will be partnering up with several major EV charging networks to create a seamless platform of nearly 60,000 charging stations for its customers. As first reported by Reuters, the US automaker has teamed up with seven companies, including Blink Charging, ChargePoint, and EV Connect, to create a network of […]