Aphria Shareholders Approve Merger, Tilray Pushes Vote To April 30
Aphria Inc (TSX: APHA) (NASDAQ: APHA) has seen its shareholders approve the proposed merger with that of Tilray Inc (NASDAQ: TLRY). Following the approval, Tilray is now one step closer to acquiring all the outstanding shares of Aphria. The special meeting saw a total of 108,409,367 Aphria shares represented by proxy, which amounts to roughly […]
JustKitchen To Begin Trading April 15 On The Venture
Just Kitchen Holdings (TSXV: JK) is set to be the latest issuer to make its debut on the TSX Venture Exchange as of tomorrow. The company, whom is focused on operating what is known as “ghost kitchens” across Taiwan, is set to trade under the symbol “JK”. JustKitchen primarily develops and markets proprietary food brands […]
Relay Medical Sees JV Partner With LifeLabs Across Canada
Relay Medical Corp (CSE: RELA) has seen its joint venture, Fionet Rapid Response Group, sign an agreement with that of LifeLabs. The arrangement will see the deployment of the Fionet platform across Canada. The terms of the agreement outline that the platform is to be rolled out across Canada for the purpose of COVID-19 rapid […]
Aphria: The Analyst Take On Q3 Results
On April 12th, Aphria Inc (TSX: APHA) (NASDAQ: APHA) released its fiscal third quarter results. The company reported net revenues of $153.6 million, a 4.3% decrease quarter over quarter. The company reported a gross profit of $31.7 million, almost 50% of what it was last year, and a net income of negative $361 million. These […]
Bank of Canada Survey: Over Half of Businesses Expect Inflation to Exceed 2% Target Rate
Business sentiment across Canada increased to near record levels in the first quarter of 2021, as the economic outlook continues to improve for both domestic and foreign demand. However, along with the boost in optimism, an increasing number of businesses expect annual inflation to exceed the 2% target rate, which could cause selling prices to […]
St George Eco Mining: Battery Recycling Nearing 100% – The Daily Dive feat Frank Dumas
Today on the Daily Dive, we sit down with Frank Dumas, Chief Operating Officer of St Georges Eco-Mining (CSE: SX), as well as CEO of ZeU Technologies (CSE: ZEU). Within, Frank joins us to discuss the topics of electric vehicle battery recycling in an increasingly electrified world, lithium extraction, green technology, and the latest in […]
Air Canada Reaches Deal with Government for $5.9 Billion in Loans, Equity
Air Canada has announced it has finally reached an agreement with the Canadian federal government for a much-anticipated aid package that will help the airline restore numerous cancelled routes and refund passengers whose flights were cancelled amid the pandemic. On Monday, Air Canada said it had reached a deal with the Liberal government for a […]
America’s Budget Deficit Soars to Record $1.7 Trillion
Although the Covid-19 pandemic is beginning to show signs of tapering off across the US (especially with the strong vaccine rollout), government stimulus spending looks like it is staying for good. On Monday, the US Treasury published its latest monthly budget report for March, which showed the budget deficit swelled to $660 billion— up by […]
Coinbase Receives Nasdaq Reference Price of $250 Per Share Ahead of Public Debut
Ahead of the highly-anticipated direct listing of Coinbase, Nasdaq gave the major cryptocurrency exchange a reference price of $250 per share. Coinbase is poised to become the first large-scale US crypto company to go public, and has the potential to become one of the 85 most valuable businesses in the country. Nasdaq’s suggested reference price […]
Novo Resources Looks To Raise $22 Million Via Special Warrants
Novo Resources (TSX: NVO) is the latest firm to announce a financing this morning. The company is looking to raise $22.0 million via a marketed private placement led by Stifel GMP and Clarus Securities. The financing will see the sale of special warrants at a price of $2.55 per each. Each special warrant will convert […]