Canacol Posts US$65.8 Million In Revenue, US$3.1 Million Net Loss For Q1 2021
Canacol Energy Ltd. (TSX: CNE) announced today its financial results for Q1 2021, recording US$65.8 million in revenue. This is a 7% decrease from Q1 2020’s revenue of US$71.0 million. The company attributes the revenue decrease mainly to the decline of natural gas production and lower gas sales prices. Further down the line, the financials […]
Gran Colombia Reports US$101.9 Million In Revenue, US$118.3 Million Net Income In Q1
Gran Colombia Gold Corp. (TSX: GCM) announced today the company’s financial results for Q1 2021, highlighting US$101.9 million in revenue. This is an increase from Q1 2020’s revenue of US$101.0 million. The increase in revenue, according to the company, reflects the increase of realized gold price to an average of US$1,812 per ounce from last […]
Victoria Gold Produces 26,759 Gold Ounces, Posts $62.7 Million In Revenue For Q1 2021
Victoria Gold Corp. (TSX: VGCX) announced this morning its operational and financial results for Q1 2021, recording gold production of 26,759 ounces. This is a notable increase from Q1 2020’s gold production of 10,544 ounces. The company also earned $62.7 million in revenue this quarter as a result of selling 27,538 ounces of gold at […]
Mercer Park Sees $224 Million In Redemptions Ahead Of Qualifying Transaction
It appears that demand for the US cannabis sector, as well as SPAC’s, is waning. Mercer Park Brand Acquisition Corp (NEO: BRND.A.u), the SPAC that will be merging with the Glass House Group in California, last night extended the timeline to complete the transaction with Glass House. While the reason for the extension was not […]
NorZinc Reports $1.7 Million Loss For Q1
NorZinc Ltd. (TSX: NZC) announced yesterday evening its Q1 2021 financial results. The results included a posting of $1.7 million in net loss for the quarter. The loss for the three months ended March 31, 2021 is a 43% decrease from the $3.0 million net loss of the comparable period last year. The company ended […]
Interactive Games Tech Closes $6.7 Million Financing
Interactive Games Technologies (CSE: BETS) this morning announced the closing of a private placement. The financing saw a total of $6.7 million in gross proceeds raised for the company. The financing consisted of the sale of common shares with no warrant attached. Each common share was sold at a price of $0.33 per each, with […]
Energy Fuels Records $0.35 Million In Revenue, $10.9 Million Net Loss For Q1 2021
Energy Fuels Inc. (TSX: EFR) released last night its Q1 2021 financial results, which saw the company post $0.35 million in revenue. This is a decline from Q1 2020’s revenue of US$0.39 million. The company also recorded a US$10.9 million net loss for the quarter, a decrease from last year’s net loss of $5.7 million. […]
Marathon Gold Announces $50.0 Million Financing, Majority Taken By Institutional Investor
Marathon Gold (TSX: MOZ) last night announced that it will be conducting a non-brokered private placement. The financing will look to raise $50.0 million, which is to be used to support the advancement of the firms Valentine Gold Project in Newfoundland. Under the terms of the financing, the company will look to sell a combination […]
Hexo Acquires First US Production Facility
HEXO Corp (TSX: HEXO) (NYSE: HEXO) this morning announced that it has taken steps to acquire its first US production facility, which will be located in Colorado. The facility is expected to “provide US CPGs and consumers access to the Powered By HEXO technology.” The facility is expected to enable the company to begin focusing […]
Supreme Cannabis Sees Revenues Decline 22.6% To $13.6 Million In Q3
Supreme Cannabis (TSX: FIRE) last night reported its third quarter 2021 financial results, reporting net revenues of $13.6 million, which amounted to a 22.6% quarter over quarter decrease in sales. The company managed to post a positive adjusted EBITDA figure however, of just $460. Revenues for the quarter were down as a result of ongoing […]