WELL Health Sees CRH Acquire Connecticut Operator, Announces Approval Of Share Buyback Program
WELL Health Technologies Corp. (TSX: WELL) announced today that its recently acquired subsidiary CRH Medical Corporation has completed the acquisition of an 85% equity interest in Connecticut-based anesthesia provided New England Anesthesia Associates LLC. While no hard details on the acquisition have been shared, the company relayed that CRH Medical paid approximately five times the […]
High Tide Takes 80% Stake In FABCBD For US$20.6 Million
High Tide Inc. (TSXV: HITI) announced this morning that it has completed the previously announced acquisition of hemp-derived CBD product retailer Fab Nutrition, whom is operating as FABCBD. The agreement saw High Tide purchase an 80% interest in FABCBD for US$20.64 million, along with a three-year option to acquire the remaining 20%. The acquisition price […]
Village Farms Reports US$52.4 Million Revenue, US$7.4 Million Net Loss For Q1 2021
Village Farms International, Inc. (TSX: VFF) reported this morning its financial results for the first quarter of 2021, the first full quarter of the company wholly owning Pure Sunfarms. Village Farms reported US$52.4 million in revenue, US$17.5 million of which came from Pure Sunfarms’ gross sales. Village Farms’ quarterly revenue is a 63% increase from […]
Avanti Energy Acquires Helium-Focused Land Leases In Alberta
Avanti Energy (TSXV: AVN) is increasing its land holdings within Alberta. The company this morning announced that it has leased a strategic helium land package from the government of Alberta that is reportedly highly prospective for helium extraction. The total land package leased from the government is pegged at 2,500 acres, with the property having […]
Harvest Health Reports US$88.8 Million In Revenue, US$26.9 Million Net Loss For Q1 2021
Harvest Health & Recreation Inc. (CSE: HARV) reported this morning its financial results for Q1 2021, which saw US$88.8 million in revenue generated. This is a notable increase from Q4 2020’s $69.9 million and Q1 2020’s US$44.2 million in revenue. Harvest Health’s also reported that its gross profit margin this quarter increased to 53.9% from […]
Emerita Releases Initial Sample Results From Iberia Belt West
Emerita Resources (TSXV: EMO) this morning released the initial results of its surface sampling program conducted at its Iberia Belt West project in Spain. Highlights from the program include samples hitting above 4% copper and 20% zinc at the La Infanta deposit, with silver values in some instances coming back higher than 500 g/t. Surface […]
Cypress Development Acquires Water Rights In Clayton Valley
Cypress Development Corp (TSXV: CYP) has entered into a binding letter of intent to acquire water rights within the Clayton Valley of Nevada. The rights are being purchased from that of Nevada Sunrise Gold Corp (TSXV: NEV). The transaction will see Cypress pay a total figure of US$3.0 million for the rights, to be paid […]
Surge Copper Hits 830 Metres Of 0.38% Copper Equivalent
Surge Copper Corp (TSXV: SURG) this morning released some impressive assay results from its wholly owned Ootsa Property in British Columbia. The highlight result from the drill program conducted by the company includes 830 metres of 0.38% copper equivalent, including 170 metres of 0.47% copper equivalent. The drill results come from the firms West Seel […]
Trulieve Cannabis To Acquire Harvest Health For $2.1 Billion
Consolidation among US based multi state operators has officially begun. Trulieve Cannabis (CSE: TRUL) this morning announced that it will be acquiring Harvest Health & Recreation (CSE: HARV), creating what has been defined as the “most profitable multi state operator in the world largest cannabis market.” The transaction is being pitched from a profitability standpoint, […]
Sundial: “Limited Financial Synergies Arising From the [Inner Spirit] Transaction”
Sundial Growers Inc. (NASDAQ: SNDL) has had a somewhat busy M&A news week this week, with the company on Tuesday announcing that they have taken a 10.1% stake in Valens with a cost basis of $2.67. The next announcement was Wednesday morning when the company announced they would be acquiring Inner Spirit Holdings, a cannabis […]