Organigram Reports Q3 Revenues Of $20.3 Million, $4.0 Million Net Loss
Organigram Holdings (TSX: OGI) (NASDAQ: OGI) this morning reported its third quarter 2021 financial results. The firm reported gross revenue of $20.3 million, along with a net loss of $4.0 million for the three month period. Net revenue grew substantially on a quarter over quarter basis, with the company seeing a 39% increase from the […]
High Tide To Acquire Regina Cannabis Retail Portfolio For $2.9 Million
High Tide Inc. (TSXV: HITI) this morning announced that it is expanding its presence within Saskatchewan. The company has entered into a purchase agreement with that of 102105699 Saskatchewan Ltd, whom holds a portfolio of retail cannabis licenses within the provinces capital. Under the agreement, High Tide will acquire the firm for $2.9 million. Compensation […]
Liberty Gold Reports 1.7 Million Indicated Ounces Of Gold At Black Pine Oxide Gold Deposit
Liberty Gold Corp (TSX: LGD) has finally released a resource estimate for its Black Pine Oxide Gold deposit in Idaho following two years of drilling. The estimate is based on a pit shell, with the mineralization at the property consisting of Carlin-style oxide gold. The estimate has reported that the deposit contains 1.7 million ounces […]
Avanti Energy Closes Over Subscribed $4.1 Million Financing
Avanti Energy (TSXV: AVN) last night indicated that it has closed its previously announced private placement. The non-brokered financing saw the firm raise total gross proceeds of $4.1 million. The offering closed on an over-subscribed basis, with the firm initially looking to raise just $3.0 million under the financing. Under the terms of the financing, […]
Shrinkflation, Anyone? Retailers are Finding Clever Ways to Mask Surging Prices
With the downward trend in Treasury yields prompting some analysts to sigh a breath of relief in recognition of the Fed’s “transitory” narrative, Janet Yellen herself has postulated that a little bit of inflation in the economy is necessary for its proper functioning. Nonetheless, as policymakers and consumers continue to argue about the Schrodinger’s box […]
GFL Environmental: “Risk/Reward Looking Increasingly Favourable”
Last week, BMO Capital Markets reiterated their 12-month price target of C$39 and Outperform rating on GFL Environmental (TSX: GFL), saying that the “Risk/Reward Looking Increasingly Favourable.” This comes after the company announced they have entered into an agreement to acquire the Canadian Stewardship Services Alliance and created the Formation of the Resource Recovery Alliance. […]
SPAC Good Works II Acquisition Targets US$200 Million IPO
Blank check company Good Works II Acquisition Corp. went public today on the Nasdaq Capital Market under the symbol “GWIIU”. The company is seeking to raise US$200.0 million through its initial public offering. The offering consists of 20.0 million company units priced at US$10.00 per unit. Each unit is composed of one common share and […]
Elon Musk Set to Defend Tesla’s Purchase of SolarCity in Court
Elon Musk is slated to the take the stand on Monday to defend Tesla’s 2016 purchase of SolarCity, as a shareholder lawsuit alleges the billionaire CEO pressured the EV company’s directors into purchasing the failing solar firm. As reported by Reuters, Musk is expected to testify in a Delaware Court of Chancery as early as […]
Helium: A Driver Of High Tech Industries – The Daily Dive feat Dean Nawata
For our first episode of the trading week, we are joined by Dean Nawata, whom is a Vice President at Royal Helium (TSXV: RNC) among many other names. Dean joins us this afternoon to discuss what he looks for in terms of growth drivers as a business developer, as well as his take on inflation, […]
Nuvei: Canaccord Initiates Coverage With U$105 Price Target, Buy Rating
On Thursday, Canaccord Genuity became the 12th investment bank to initiate coverage on Nuvei Corporation (TSX: NVEI). Their analyst Joseph Vafi initiated coverage with a buy rating and U$105 price target. This puts Canaccord’s price target slightly below the street high of U$116 by Cowen and Company. The mean 12-month price target sits at U$91.62, […]