HempFusion Reports 2020 Revenues Of $3.8 Million, Net Loss Of $38.0 Million
HempFusion Wellness (TSX: CBD.u) this morning filed its fourth quarter and full year financial statements for 2020, revealing revenues of just $3.8 million for the full fiscal year for the firm currently valued at $233 million. The company meanwhile reported a net loss of $38.0 million. There’s little to be said for the financial results, […]
QC Copper Acquires Stake In Roger Gold Project
QC Copper and Gold (TSXV: QCCU) has expanded its holdings in the Chibougamau District of Quebec. The firm this morning announced that it has acquired a 50% stake in the Roger Gold-Copper project in the region, with the other 50% of the project currently held by a subsidiary of Investissement Quebec. The Roger gold project […]
Arizona Metals To Conduct $15 Million Bought Deal Financing
Arizona Metals (TSXV: AMC) this morning announced that it will be conducting a bought deal private placement. The financing, lead by Stifel GMP and Clarus Securities, will see the firm raise gross proceeds of $15.0 million through the sale of special warrants. A total of 7.2 million special warrants are expected to be sold under […]
Aphria Reports Independent Proxy Firms Approve Of Tilray Merger
Aphria Inc (TSX: APHA) (NASDAQ: APHA) is evidently looking to drum up shareholder support for its proposed transaction with Tilray Inc (NASDAQ: TLRY). The firm this morning released that two separate proxy advisory firms have provided favourable voting recommendations to institutional investors for the transaction. The two firms, Institutional Shareholder Services, and Glass Lewis and […]
GameStop Announces ATM Financing Capped At $1.0 Billion And 3.5 Million Shares
It may have taken far longer than anyone anticipated, but GameStop Corp (NYSE: GME), whom has been the focus of WallStreetBets for months now, has finally announced it will be raising money. The company this morning announced an at-the-market financing that will be capped at a total of 3.5 million shares. While the company phrased […]
Trulieve Acquires Three Operating Dispensaries In Pennsylvania
Trulieve Cannabis (CSE: TRUL) has enlarged its presence in Pennsylvania. The company this morning announced that it will be expanding its footprint in the state via the acquisition of Anna Holdings, whom currently operates under the banner of Keystone Shops. The transaction will see the firm grow its presence by three operational dispensaries. The acquisition […]
Week Ahead: Markets Await February Trade Data
Canada’s upcoming March employment data, as well as February’s trade balance figures will be the highlight of the upcoming week’s economic calendar. Monday, Planet 13 Holdings, a Nevada-based cannabis retailer, is expected to release their fourth quarter financial results. Analysts are currently anticipating revenues of $29.9 million for the quarter, a notable improvement from the […]
Uranium Royalty Corp: Speculative Play On A Beaten Down Sector
On March 30, Uranium Royalty Corp. (TSXV: URC) exercised its option to buy US$10 million of physical uranium (U3O8) under the terms of its investment in the 2018 IPO of Yellow Cake plc. Uranium Royalty purchased 348,068 pounds of uranium at a price of US$28.73 per pound, a 7% discount to the U3O8 spot price […]
Tesla Customers Report They Were Double-Charged for New Vehicles
The controversies surrounding Tesla continue to pile higher and higher. Aside from Tesla’s Full Self Driving technology debut which turned out to not be full self driving at all, and the numerous consumer complaints about flying roofs, detached bumpers, and other quality control issues, the electric carmaker is embroiled in yet another problem: the company […]
John Reade: The Investment Case For Gold – The Daily Dive
For our Sunday edition of The Daily Dive, we sit down with John Reade, whom is Chief Market Strategist at the World Gold Council. John joins us this afternoon to discuss the global gold market, beginning with the question of “What’s the investment case for gold?” Following this, we look at the demand segments and […]