TAAT: A Tobacco, Nicotine Free Cigarette – The Daily Dive feat Setti Coscarella
Today on the Daily Dive is that of Setti Coscarella, whom is CEO of Taat Lifestyle & Wellness (CSE: TAAT). Setti joins us this afternoon to give the high level overview of the company, as well as discuss the firms flagship product and target market. Setti then discusses the topic of supply chains, obstacles facing […]
HEXO: Canaccord Lowers Price Target Following Redecan Transaction Announcement
On May 28th, Hexo Corp (TSX: HEXO) (NYSE: HEXO) announced yet another acquisition. The company has entered into an arrangement to acquire another Canadian licensed producer, Redecan, for a whopping $925 million via a combination of shares and cash. Redecan will own ~31% of the combined entity. This is the third acquisition the company is […]
Zoom: Analysts Anticipate $906 Million In Q1 Revenues
Zoom Video Communications (NASDAQ: ZM) will be reporting their first quarter financial results June 1st after market close. Analysts have a consensus $426.02 12-month price target on the company, via a total of 26 analysts, with seven analysts having strong buy ratings, five analysts having buy ratings, 13 have hold ratings and one analyst has […]
China’s Central Bank Hikes FX Reserve Ratio in Effort to Weaken Yuan
Amid signs that the Chinese yuan is gaining considerable strength, the communist country’s central bank has decided to step in and curb some of that momentum. For the first time in more than 14 years, the People’s Bank of China (PBOC) has said it will increase the required-reserve ratio on foreign currency deposits that banks […]
AMC Climbs Off Back Of $230.5 Million Financing
AMC was up ~15% in early morning trading after it announced that they have raised $230.5 million by selling 8.5 million shares to hedge fund Mudrick Capital Management. This brings their total amount raised via the sale of shares to $900 million, which doesn’t include the ongoing at-the-market offering. AMC says that they will be […]
Mansa Exploration Set To Acquire Wheeler Resources
Mansa Exploration (CSE: MANS) this morning announced that it has entered into an arrangement with that of Wheeler Resources to acquire the junior explorer. The company is currently focused on exploration within Newfoundland and Labrador. Wheeler Resources currently holds a 100% interest in its flagship project, referred to as The Wheeler Property. Located in southwestern […]
OECD Boosts Canada’s Economic Growth for 2021
The Organization for Economic Co-operation and Development (OECD) has raised economic growth projections for Canada this year, as restrictions begin to ease and Covid-19 case numbers fall. According to the OECD’s latest growth projections, Canada’s economy is now slated to expand by 6.1% this year. The latest forecast marks s considerable increase from the previous […]
Nio Reports Delivery Of 6,711 Vehicles In May
NIO Inc. (NYSE: NIO), today released its May 2021 delivery results. The company delivered 6,711 vehicles in May 2021, representing 95.3% growth from last year. Notably, deliveries were down from the 7,102 delivered in April, and the 7,257 vehicles delivered in March. The deliveries consisted of 1,412 ES8s, the company’s six seat and seven seat […]
Hexo Corp Closes Acquisition Of Zenabis Global
HEXO Corp. (TSX: HEXO) announced today the closing of the acquisition of all issued and outstanding shares of Zenabis Global Inc. (TSX: ZENA). Zenabis shares are expected to be delisted from the Toronto Stock Exchange when markets close on June 2, 2021. Under the terms of the acquisition, each Zenabis shareholder is now entitled to receive 0.01772 […]
Nickel 28 Sees Q1 Net Income Of $4.0 Million
Nickel 28 Capital (TSXV: NKL) this morning announced its operating resulting for the three month period ended March 31, 2021. The company saw significant cash generation from its Ramu asset, to the tune of US$11.8 million. Overall, Nickel 28 posted a net income of $4.0 million for the three month period, which was largely bolstered […]