Rivian Automotive Could Make $70 Billion IPO Debut
Electric-truck maker Rivian Automotive could soon make its public debut, as the company has allegedly selected underwriters for an initial pubic offering that could take place as early as this year. According to Bloomberg, which cited sources familiar with the matter, Amazon-backed Rivian has supposedly hired advisors from Goldman Sachs, JPMorgan, and Morgan Stanley, to […]
Canopy Growth: Consensus Estimates For Q4 2021
Canopy Growth Corp (TSX: WEED) (NASDAQ: CGC) announced that they will be reporting their fiscal fourth quarter financials before market open on June 1st. Analysts have a consensus C$37.76 12-month price target on the company, via a total of 15 analysts, with one analyst having a strong buy rating, and two analysts have a buy […]
ReconAfrica: Haywood Resumes Coverage With $12.50 Price Target
On May 17th, ReconAfrica (CVE: RECO) announced that they closed a C$41.4 million bought deal. The company sold 4,358,040 units at a price of C$9.50 each. Each unit equates to one share plus one-half warrant which can be exchanged into common at a price of C$14.50. Haywood Capital Markets resumed coverage on the company following […]
Bright Minds Biosciences: Corporate Overview
Bright Minds Biosciences Inc. (CSE: DRUG) is a small-cap preclinical biosciences company that is attempting to create the next generation of serotonin drugs that will target specific conditions in the brain which lead to mental health problems and neurological ailments. Serotonin is the key hormone which stabilizes our mood, feelings of well-being and happiness. Even more, it allows […]
Crypto: This Is A Correction In The Bull Run – The Daily Dive feat Mike McGlone
Starting off the Daily Dive this week is that of Mike McGlone, Senior Commodity Strategist from Bloomberg Intelligence, whom is focused on digital currencies such as bitcoin and ethereum. Mike returns to the Dive today to discuss the current case for oil based on consumption data, discuss the current market action surrounding BTC and ETH, […]
Haywood Drops Cresco Labs Price Target To $24.50
Cresco Labs (CSE: CL) reported its first-quarter financial results this past week. The company announced revenue of $178.4 million, a 9.9% increase quarter over quarter. Gross profit margin came in at 48.8% and the company experienced record revenue in both its wholesale and retail segments. Two out of the 16 analysts lowered their 12-month price […]
CloudMD: Canaccord Lowers Revenue Estimates, Maintains Ratings
On May 28th, CloudMD Software & Services Inc. (TSXV: DOC) reported its first-quarter financial results. The company announced revenue of $8.8 million, a 51% increase quarter over quarter. Gross margins came in at 41% with a net loss of $5.3 million. Adjusted EBITDA for the quarter was ($1.54) million. There are currently only 5 analysts […]
Blueberries Medical Posts $23,120 In Revenue, $590,325 Net Loss For Q1 2021
Blueberries Medical Corp. (CSE: BBM) shared its financial results for the quarter ended March 31, 2021. The company earned $23,120 in revenue for Q1 2021 and since it is in its early stages of commercial operations, there were no revenue numbers recorded during the comparable period last year. The Colombia-based cannabis company recorded a $590,325 […]
Dundee Precious Metals Acquires Remainder Of INV Metals For $104 Million In Shares
Dundee Precious Metals Inc. (TSX: DPM) announced today the acquisition of all the remaining issued and outstanding shares of INV Metals Inc. (TSX: INV) that the company does not currently hold. Dundee Precious currently owns 35,344,424 INV common shares or approximately a 23.5% stake in the company. Under the terms of the acquisition, each of […]
Libero Copper Sees Field Crews Mobilize For 2021 Field Program
Libero Copper & Gold Corporation (TSXV: LBC) this morning provided an update on the status of the company’s 2021 exploration operations in the Golden Triangle in British Columbia. The program itself is to consist of IP surveys as well as several thousand metres of drilling, field mapping, and soil sampling. Mobilization is now underway on […]