Aleafia Health Announces $30 Million At The Market Financing
Aleafia Health (TSX: AH) this morning became the latest cannabis operator to announce an at-the-market financing. The company will look to raise $30 million via the ATM program. Lead by Cantor Fitzgerald, the financing will see the company sell its shares directly on the markets rather than through brokers. The company intends to conduct the […]
Mind Medicine Pays JR Rahn $6.7 Million In Shares To Leave Leadership Roles
It seems that after selling $24.7 million in company stock, JR Rahn is looking to step down from Mind Medicine (NEO: MMED) (NASDAQ: MNMD). The firm this morning announced that Rahn will be stepping down from his role as both CEO and director of the company in which in co-founded. The best part, is he […]
Auxly Cannabis To Raise $15 Million In Bought Deal Financing
Auxly Cannabis (TSX: XLY) this morning announced that it is raising further funds. The firm has entered into an arrangement with ATB Capital Markets and Cantor Fitzgerald Canada to raise $15.0 million in a bought deal financing. The transaction will see the sale of 47.6 million units of the company, at a price of $0.315 […]
Trulieve Acquires Three Dispensary Permits In West Virginia
Trulieve Cannabis (CSE: TRUL) had an unusually small news release this morning. The company has announced the expansion of its operations in West Virginia, via a small-ticket transaction that has closed. The transaction has seen the company acquire Solevo Wellness West Virginia for a figure of just $650,000. The acquisition effectively consists of three dispensary […]
Dollarama: Analysts Anticipate $972.5 Million In Q1 2022 Revenue
Dollarama Inc (TSX: DOL) will be reporting its first quarter 2022 financial results on June 9th before markets open. Analysts have a consensus C$61.71 12-month price target on the company, via a total of 14 analysts, with two analysts having strong buy ratings, seven analysts having buy ratings, and five have hold ratings. The street […]
Equifax: Mortgage Borrowing Sends Canadian Consumer Debt to $2.1 Trillion
Consumer debt loads have risen dramatically over the past quarter despite declining credit card use, as Canadian households allocate more of their income towards mortgage borrowing. According to the latest data published by Equifax Inc, new mortgage borrowing jumped 41% in the first three months of the year compared to the same period in 2020. […]
Probe Metals Updates Resource Estimate of its Flagship Val-d’Or East Gold Project
On June 1, Probe Metals Inc. (TSXV: PRB) announced a constructive updated resource estimate for its Val-d’Or East project near Val-d’Or, Quebec. The company now believes its Pascalis, Monique, Courvan, and Cadillac Break East properties contain 1,773,500 and 2,205,300 ounces of gold on measured & indicated (M&I) and inferred bases, respectively. The June 1 resource estimate […]
Trillium Gold: Will They See The Continuation Of The Red Lake Mine? – The Daily Dive
Returning to the Daily Dive this afternoon is that of Russell Starr, CEO of Trillium Gold (TSXV: TGM). Russell joins us this afternoon to discuss the recent advisor appointment made by the company, as well as the recent results gathered at Newman Todd and what they aim to find at their Gold Centre Property, which […]
Department of Justice Recovers $2.3 Million in Bitcoin Ransom Paid to Colonial Pipeline Hackers
A portion of the ransom payments made to criminals responsible for the Colonial Pipeline cyber attack that crippled fuel supplies across America’s east coast last month have been recouped. According to officials from the Department of Justice, law enforcement has been able to recoup $2.3 million worth of bitcoin that was previously paid to DarkSide, […]
Ayurcann Enters Into Joint Venture With Israeli Medical Cannabis Processor
Ayurcann Holdings (CSE: AYUR) this morning announced that it has entered into a joint venture with that of Bazelet. Bazelet is one of the largest licensed medical cannabis processors based in Israel. The joint venture will see the two firms manufacture proprietary products. The arrangement will see Ayurcann become the sole Canadian manufacturer of Bazelet […]