Ceres Global Secures $50 Million Credit Facility From BMO
Ceres Global Ag Corp. (TSX: CRP) has announced that the Bank of Montreal has provided the company with a five-year senior secured $50 million term debt credit facility, that includes a $30 million term loan draw. The facility is to be used to drop Ceres’ term loan with Bixby Bridge Fund IV, LLC as well […]
Hexo Sees Revenues Decline 31% To $22.7 Million In Q3 2021
Hexo Corp (TSX: HEXO) (NYSE: HEXO) this morning reported a doozy of a quarter. The company saw its revenues decline by $10.2 million on a quarter over quarter basis to that of $22.7 million, while reporting a net loss of $20.7 million. As a result the company entirely missed analyst estimates for the quarter. Net […]
Aberdeen Reports Q1 Revenues Of $4.0 Million, Net Income Of $3.3 Million
Aberdeen International (TSX: AAB) this morning released its first quarter financial results. The company reported total revenue of $4.0 million, along with a net income of $3.3 million for the three month period ended April 30, 2021. Revenue during the quarter was comprised of $3.9 million from net investment gains, while $0.1 million came from […]
Cronos Group Announces 10.5% Investment Into US Operator PharmaCann
It appears that rules pertaining to ownership of US cannabis operations are loosening at the TSX Exchange and US big boards. Cronos Group (TSX: CRON) this morning announced that it has entered into an arrangement whereby a wholly owned subsidiary has acquired the option to purchase a stake in US operator PharmaCann. The transaction will […]
Xebec Acquires Tiger Filtration For $20.6 Million
Xebec Adsorption (TSX: XBC) this morning announced that it has closed the acquisition of Tiger Filtration. The firm is focused on aftermarket manufacturing of elements and filters for the compressed air and gas industry, with R&D to focus on expansion into the hydrogen and renewable natural gas space. The acquisition will reportedly provide cost savings […]
Bluestone Intersects 140.2 Metres Of 1.1 g/t Gold
Bluestone Resources Inc. (TSXV: BSR) today released assay results from their 2021 infill drill campaign that focused on the Salinas silica cap at Cerro Blanco. The Salinas silica cap is a 100 to 150 meters thick layer of near-surface, low-grade disseminated mineralization that rests on top of the high-grade quartz-adularia vein swarms. Bluestone has reported […]
Lordstown Motors CEO, CFO Resign Following Investigation Of Hindenburg Report
Lordstown Motors (NASDAQ: RIDE) has seen both CEO Steve Burns and CFO Julio Rodriguez resign from the company effective immediately. The company indicated that the resignations were in connection with the company transitioning from “the R&D and early production phase to the commercial production phase of its business.” Notably however, the resignations follow the firms […]
Bitcoin Plummets Following FBI Seizure of Colonial Pipeline Ransom
The price of bitcoin was been sent tumbling this week, as news of the FBI successfully recovering bitcoin funds stemming from the Colonial Pipeline hack has sparked fear among cryptocurrency proponents that the world’s most secure form of payment… may not be so secure after all. On Tuesday, the US Justice Department announced that the […]
Inca One Gold: Company Overview
Inca One Gold Corp (TSXV:INCA) is a Vancouver-based gold producer operating two fully permitted gold processing facilities in Peru, the world’s sixth-largest gold producer. Inca One is in its sixth year of commercial gold production in Peru, and was the first publicly-traded gold processing company to be granted permitting under Peru’s formalization legislation. Under Peruvian […]
Household Net Worth Sent Soaring Amid Real Estate Boom
The Covid-19 pandemic has sent some households’ net worth soaring by more than $2 trillion since the beginning of 2020, as an increasing number of Canadians cash in on the real estate boom. According to figures published by Statistics Canada on Friday, the net worth among Canadian households has surged by 6% to a total […]