Charlotte’s Web Files $350 Million Base Shelf Prospectus
Charlotte’s Web Holdings (TSX: CWEB) this morning announced the filing of a preliminary base shelf prospectus to replace the base shelf currently in effect. The new prospectus is for C$350 million. The new base shelf prospectus will enable the company to raise funds of up to $350 million through the sale of common shares, preferred […]
Taiga Gold Completes $2.5 Million Flow Through Financing
Taiga Gold (CSE: TGC) this morning announced the closing of a flow through private placement. The financing saw gross proceeds of $2.5 million raised for the firm. Under the terms of the financing, flow through units were sold at a price of $0.20 per each, with each unit containing one flow through common share and […]
Avanti Energy Enters LOI For Helium Rights On 12,000 Acres In Montana
Avanti Energy (TSXV: AVN) this morning announced that it has entered into a letter of intent to acquire certain rights in Montana. The rights apply to helium, on a land package of 12,000 acres. The letter of intent was reportedly entered into with a private land holder group specifically for the rights to helium. Located […]
Nuvei To Acquire Mazooma For Up To $315 Million
Nuvei Corp (TSX: NVEI) is looking to expand via acquisitions. The company this morning announced that it has entered into a definitive agreement to acquire Mazooma Technical Services, a gaming and sports wagering payment technology provider. A registered vendor in 9 states with permissions in 12 states, Mazooma is an account to account payments provider […]
Vireo Health Sees Bruce Linton Drop Ownership To 8.5%
It seems that Bruce Linton is nearing the end of his holdings with that of Vireo Health (CSE: VREO). Linton filed an early warning report this morning, indicating that his holdings have yet again decreased, this time to below 10% ownership in the company. In total, the early warning report indicates that Linton sold a […]
K92 Mining Produces 18,654 Gold Equivalent Ounces In Q1 2021
K92 Mining (TSX: KNT) released production results for its flagship Kainantu Gold Mine in Papua New Guinea. The company managed to produce 18,654 gold equivalent ounces during the three month period. Production during the quarter saw a total of 17,774 ounces of gold, 426,153 pounds of copper and 7,925 ounces of silver produced from the […]
B2Gold Announces Q1 2021 Gold Production Of 220,644 Ounces
B2Gold Corp (TSX: BTO) last night released their production results for the first quarter of 2021. The company managed to produce a total of 220,644 ounces of gold during the quarter, while recognizing consolidated revenue of $362.0 million. The quarters gold production consisted of 205,642 ounces of production and the firms three operating mines, as […]
Hexo Files $1.2 Billion Base Shelf Prospectus
Hexo Corp (TSX: HEXO) (NYSE: HEXO) this evening announced the filing of a preliminary base shelf prospectus. Slated at $1.2 billion in size, the prospectus will enable the company to potential raise significant funds over the next twenty five months. The base shelf, which was filed in both Canada and the US, was filed to […]
Rubber Shortages Create Another Dilemma for Embattled Automakers
Automakers have recently been forced to shut down assembly plants amid a widespread global semiconductor shortage, which does not appear to be alleviated anytime soon. Now, however, it appears the situation may soon take a turn for the worse, as automakers are dealt another supply chain blow: declining rubber supplies. As Bloomberg reports, a number […]
Bitcoin’s Value Relative to Gold And Stocks Has Reached Unprecedented Levels
In light of this week’s IPO of the highly valued cryptocurrency exchange Coinbase, and the related jump in the Bitcoin price, we explore the market valuation of Bitcoin. The valuation is examined in relation to gold, another widely used inflation hedge, and to the value of publicly traded stocks. Coinbase’s listing is viewed by many […]