Auxly Sells KGK Science To Myconic Capital For Up To $16.5 Million
Auxly Cannabis Group Inc. (TSX: XLY) reported today an agreement with Myconic Capital Corp. (NEO: MEDI) which will see the latter acquire all issued and outstanding shares of KGK Science Inc. The acquisition will see aggregate consideration of $16.5 million in cash, credit, and shares. The acquisition consists of an initial $12.5 million purchase price […]
Eguana Tech Signs MOU With FREYR For Joint Development Of Battery Modules
Eguana Technologies (TSXV: EGT) this morning had a major announcement, in that it has entered into a memorandum of understanding for the development and supply of battery modules for energy storage systems for that of FREYR. FREYR is set to go public in the near term via that of Alussa Energy Acquisition Corp (NYSE: ALUS), […]
i-80 Gold Sees Equinox Invest Further $14.2 Million To Maintain Ownership
i-80 GOLD CORP. (TSX: IAU) confirmed today that Equinox Gold Corp. (TSX: EQX) has exercised its right under the support agreement to maintain Equinox’s pro rata ownership of i–80 on a partially-diluted basis. As a result, Equinox has invested a further $14.2 million into the company. The decision was made after the recent issuance of […]
Datametrex Secures Additional Contracts In Korea Through AI Division
Datametrex AI (TSXV: DM) has secured further work from that of the LOTTE Group in South Korea. The company this morning announced the signing of approximately $550,000 in additional work in aggregate from three divisions of the firm, as well as from the Incheon International Airport Corp and the Shinhan Financial Group. The contracts all […]
Alexco Resources Improves Keno Hill Reserves To 1.44 Million Tonnes
Alexco Resource Corp. (TSX: AXU) (NYSE American: AXU) today announced the filing of its updated Keno Hill technical report for the company’s operations at the site in Yukon, Canada. The report reflected the expansion of the mineral reserve to 1.44 million tonnes, equivalent to a 22% increase. The updated mineral reserve sees the 1.44 million […]
ESE Entertainment To Raise $7.5 Million In Bought Deal
Money continues to slosh around in the small cap markets this week, with ESE Entertainment (TSXV: ESE) being the latest firm to announce a financing. The company last night announced that it will be conducting a bought deal financing, raising gross proceeds of $7.5 million. Under the terms of the financing, the company will see […]
Ayr Wellness Reports Revenue Of $58.4 Million, Net Loss Of $16.6 Million For Q1
Ayr Wellness (CSE: AYR.a) this evening reported its first quarter 2021 financial results, reporting revenues of $58.4 million along with a net loss of $16.6 million. Revenues were up 22.7% on a quarter over quarter basis from the $47.8 million reported in Q4 2020. Notably, this quarter marks the first quarter under which the company […]
Fitch Ratings: Central Bank Digital Currencies Create Trade-Offs with Traditional Financial Systems
The widespread adoption of general-purpose central bank digital currencies (CBDCs) will create a number of trade-offs between benefits and risks for authorities. According to a note published by Fitch Ratings, the broadening acceptance of CBDCs may prove to be disruptive for financial systems in the event that subsequent risks are not managed properly. “These [risks] […]
Poll Shows TSX Forecasted To Hit 20,000 Mark By Year End
The Toronto Stock Exchange is expected to climb above 20,000 points by the end of the year, according to a Reuters poll. This prediction is seen as an optimistic outlook on the Canadian economy’s recovery from the coronavirus pandemic. The poll conducted among 26 portfolio managers and strategists returned a median prediction for the S&P/TSX […]
Canadian Consumer Confidence Jumps to New Record Amid Reopening Efforts
Consumer confidence among Canadians soared to yet another record last week, as key regions across the country begin lifting restrictions amid the ongoing vaccination efforts. The latest Bloomberg Nanos Canadian Confidence Index rose to 65.7 last week, marking the highest reading since records began in 2008. The jump was primarily driven by new optimism surrounding […]