Are SPARCs the New SPACs? Bill Ackman to Liquidate Failed SPAC Plan, Turn it into SPARC Instead
After suffering numerous setbacks including a failed deal to buy a stake in Universal Music Group, a recent lawsuit, and a sharp plunge in share price, hedge fund manager Bill Ackman has embarked on SEC approval to create a new vehicle, called a SPARC, or special purpose acquisition rights company. After recently being slapped with […]
Start-Up EV Maker Rivian Files Paperwork for IPO
On August 27, the private start-up electric vehicle manufacturer Rivian submitted a widely anticipated confidential draft registration statement on Form-1 to the SEC. This submission starts a process that is expected to lead to a Rivian IPO sometime before U.S. Thanksgiving in late November. The most interesting (surprising?) aspect of Rivian’s filing is that, according […]
Canada’s Wheat Crop Falls to Lowest in 14 Years Amid Widespread Drought
Recent drought conditions across Canada’s agricultural provinces have caused wheat crops to fall to the lowest in more than a decade. According to a Statistics Canada report published on Monday, the country’s wheat crop has fallen to the lowest in 14 years, while the canola harvest has shrunk to a nine-year low. The report found […]
Gold Flash Crash: A Psychological Rather Than Financial Event – The Daily Dive
Joining us back on the Daily Dive is Rick Rule, the former President and CEO of Sprott US Holdings. Our very own Steve Hyland sits down to talk about his take on how the Federal Reserve is seemingly confusing the public on liquidity and solvency, as well as his opinion on Canadian PM Justin Trudeau’s […]
Braxia Scientific Announces Fiscal Q1 2022 Financials: $0.4 Million In Revenue, $1.1 Million Net Loss
Braxia Scientific Corp. (CSE: BRAX) reported on Monday night its financial results for the fiscal first quarter 2022 ending June 30, 2021. The medical research firm posted $0.4 million in revenue for the quarter, up from Q1 2021’s revenue of $0.2 million. The company attributes the year-on-year revenue increase to its expanding clinic patient base […]
Robinhood Sent Plummeting as SEC’s Gensler Hints at Potential Payment-For-Order Flow Ban
Monday was a strenuous day for Robinhood (NASDAQ: HOOD). Not only did reports surface that payments giant PayPal is looking to get into the stock trading business, but it also appears that SEC Chair Gary Gensler is mulling a potential ban of payment for order flow — one of Robinhood’s main sources of revenue. Shares […]
Just Kitchen Posts Revenue Of $3.3 Million, Net Loss Of $2.8 Million For Fiscal Q3 2021
Just Kitchen Holdings Corp. (TSXV: JK) reported this morning its financial results for the fiscal third quarter 2021 ending June 30, 2021. The report highlighted total quarterly revenue of $3.3 million, an increase from Q3 2020’s sales of $0.5 million. The company attributes the boost to an increase in sales volume, particularly a 67% quarter-on-quarter […]
Tourmaline Oil To Conduct $108 Million Bought Deal Offering Of Topaz Energy Shares
Tourmaline Oil Corp. (TSX: TOU) is reducing its equity position on Topaz Energy Corp. (TSX: TPZ) as it announced on Monday a plan to conduct a bought deal offering for Topaz Energy shares. The financing targets total aggregate proceeds of $108.15 million. Under the terms of the financing, Tourmaline Oil will be selling 7.0 million […]
Canada House Wellness Ends Fiscal Year 2021 With $10.6 Million In Revenue, $11.4 Million Net Loss
Canada House Wellness Group Inc. (CSE: CHV) shared on Monday evening its financial results for the fiscal year 2021 ending April 30, 2021, highlighting revenue of $10.6 million. This is an increase from 2020’s revenue of $5.3 million. Breaking down the topline revenue figure, earnings from referrals lodged in $5.1 million, product revenues notched $6.3 […]
Interra Copper Concludes Expanded 12 Hole Maiden Drill Program
The maiden drill program at Interra Copper’s (CSE: IMCX) Thane Property in northern British Columbia has been completed. The junior mining firm reported the completion of the program this morning, marking the end of the 2021 drill season for the company. The firms maiden drill program consisted of a total of twelve holes that drilled […]