PanGlobal Resources To Raise $10.0 Million Via Bought Deal
PanGlobal Resources Inc. (TSXV: PGZ) last night announced that the company has entered into an engagement letter in which the company will offer on a “bought deal” private placement basis, 16,667,000 common shares of Pan Global. The offering will generate gross proceeds of approximately $10 million. The Common Shares will be offered at a price […]
Bitfarms Closes C$75.0 Million Financing With Institutional Investors
Bitfarms Ltd (TSXV: BITF) last night announced that it has closed a previously announced private placement. The financing saw the company raise gross proceeds of C$75.0 million through US institutional investors. The financing, led by H.C. Wainwright & Co, saw units of the company sold at a price of C$5.30 per each. Each unit contained […]
Village Farms Announces Share Buyback Program
While its peers elect to dilute their equity via massive at-the-market financings, Village Farms (TSX: VFF) (NASDAQ: VFF) has chosen to go a slightly different route. The company this morning announced that it has begun a share buyback program, also known as a normal course issuer bid. The company this morning announced that the Toronto […]
Aurora Cannabis Files For US$300 Million At The Market Financing
Aurora Cannabis (TSX: ACB) (NYSE: ACB) last night announced that it has formally filed a prospectus supplement for a US$300 million at-the-market offering. The intention to file for the financing was originally disclosed when the company released its third quarter financial results. Sales under the at the market financing are to be made only on […]
Inner Mongolia Calls On Public To Report Illegal Mining Amid Escalating Crypto Crackdown
Inner Mongolia, China’s most northern region, has taken its cryptocurrency ban even further, and has called on the public to report any illegal crypto mining activity in an effort to stem the energy-intensive activity. According to the South China Morning Post (SCMP), the government of the Inner Mongolia Autonomous Region has decided to further crack […]
Canaccord Reiterates Columbia Care As A Cannabis Top Pick
Columbia Care (NEO: CCHW) reported its first quarter financial results on May 17th. The company announced pro-forma first quarter revenue of $92.5 million with a 41% gross margin. The company also reported adjusted EBITDA of $10.4 million and reiterated their full-year 2021 guidance of $500 – $530 million revenue, 47%+ gross margin, and $95 – […]
Bipartisan CBD Bill Calls On FDA To Immediately Regulate CBD Products As Dietary Supplements
CBD products in the US may finally become regulated under the Food and Drug Administration, marking a significant milestone for the cannabis industry. A US Senate bill was introduced on Wednesday by senators Ron Wyden, Rand Paul, and Jeff Merkley, that would regulate the use of CBD and other hemp products in foods and dietary […]
Waymo Looks To Raise $4 Billion In Capital Despite Management Departures
Waymo, a subsidiary of Alphabet Inc, is planning on raising up to $4 billion in new capital to help propel its self-driving endeavours, despite ongoing concerns regarding a recent string of departures among its executive staff. According to Bloomberg, which cited people familiar with the matter, Waymo is considering raising as much as $4 billion […]
Gold: Where Will The Producers Spend Oncoming Cash Flows? – The Daily Dive ft Joe Mazumdar
For today’s episode of the Daily Dive, we’re rejoined by Joe Mazumdar of Exploration Insights. Within, we start off the discussion on the topic of energy consumption by crypto. The discussion then transitions to the topic of gold, and whether it has turned a corner, as well as the topic of cash flow generation by […]
Tesla Shares Continue Their Descent As Chinese Sales Slump
Tesla shares continued their nosedive on Wednesday, after data from China showed a significant drop in sales last month. As reported by Bloomberg, there were only 11,949 China-built Tesla’s registered in the communist country, according to data published by the China Automotive Information Net. This marks a significant decline from the record 34,714 registrations accounted […]