Binance Unveils Tradable Digital Stock Tokens, Beginning with Tesla
With increased interest in digital currencies and financial markets as a whole, cryptocurrency exchange Binance has announced it will be launching ‘trade digital tokens’ that represent shares of equity stock. The first such tokens will be of Tesla, the biggest electric vehicle manufacturer by market cap. According to a statement published by Binance, each stock […]
Mike McGlone: Ethereum Is The Go-To Platform For The Crypto Space – The Daily Dive
Starting off our week for The Daily Dive, is that of Mike McGlone, Senior Commodity Strategist from Bloomberg Intelligence, whom is focused on digital currencies such as bitcoin. Mike returns to The Dive to discuss the topic of Ethereum and its uses, as well as the impact it has on bitcoin. Furthermore, Mike provides his […]
Investment in Building Construction Hits Another Record High in February
Investment in Canada’s building construction topped a record high in February for the second month in a row, amid continued strength in the residential sector. According to data published by Statistics Canada on Friday, total investment in building construction rose by 4.2% to a record $16.8 billion in February, following a record $16.1 billion total […]
Tensegrity: How the Archegos Tower was Built
Last Week in Bill Hwang saw the head of investment banking and the Chief Risk Manager getting the axe at Credit Suisse, and Bloomberg finishing up its wall-to-wall coverage of the hedge fund collapse heard around the world with a sensational Businessweek cover story about “Bill Hwang Had $20 Billion, Then Lost It All in […]
Trulieve Closes $287.5 Million Financing With US-Based Investors
Trulieve Cannabis (CSE: TRUL) has closed its previously announced marketed public offering of shares, the first such offering available in the United States. The financing saw the firm raise gross proceeds of C$287.5 million. The financing saw a total of 5.8 million subordinate voting shares of the issuer sold at a price of $50 per […]
Cognetivity Neurosciences Sees Former UK Health Minister Appointed To Advisory Board
Cognetivity Neurosciences (CSE: CGN) this morning announced that it has added a former UK Health Minister to its advisory board. The appointment will see Lord O’Shaughnessy to the firms advisory board, effective immediately. A member of the UK House of Lords, which is an upper house of the parliament within the United Kingdom, O’Shaughnessy comes […]
GTEC Holdings Removes $6.0 Million In Secured Debt From Balance Sheet
GTEC Holdings (TSXV: GTEC) this morning announced that it has cleared all of its outstanding debts. In particular, the company has repaid two senior secured promissory notes. The notes, which were held by NFS Leasing Canada, in aggregate amounted to $6.0 million were reportedly repaid last Friday in full. The repayment, along with debt that […]
AUX Resources To Be Acquired By Scottie Resources
Aux Resource Corp (TSXV: AUX) is set to be acquired by that of Scottie Resource Corp (TSXV: SCOT). The two firms announced this morning that they have entered into a letter of intent for a merger that will see AUX shareholders own 31% of the resulting company. The all share transaction will see shareholders of […]
MustGrow Sees Positive Results From Tobacco Field Trials
MustGrow Biologics (CSE: MGRO) this morning reported on results for the use of its mustard-based biopesticide within tobacco field trials. The study was focused on comparing the efficacy of its product with that of the synthetic chemical chloropicrin, a leading soil fumigation synthetic chemical. Field trial results, which were conducted by a third part research […]
Ascot Sees Yamana Gold Take 6.4% Stake In Company
Ascot Resources (TSX: AOT) has seen Yamana Gold (TSX: YRI) take a notable stake in the company. The arrangement, lead by Stifel GMP, will see Yamana take a total stake of 6.4% in exchange for $20.6 million. The investment, which on a technical level is being conducted on a bought deal basis financing, will see […]