Fed Officials Signal Intent to Wind-Down Stimulus as Early as This Year
Oil and other commodities were under pressure on Thursday, after the Federal Reserve finally indicated that a stimulus taper could be en-route as early as later this year. Oil sunk to the lowest since May, while West Texas Intermediate futures decreased by more than 4%, falling in line with recent declines in equities and other […]
Puma Exploration Sees Colorado Firm Crescat Capital Take 60% Of Its $1.6 Million Financing
Puma Exploration Inc. (TSXV: PUMA) shared on Thursday night that it has recently closed its private placement financing that raised $1.6 million for the firm. The offering was participated, as previously announced, by Colorado-based asset management firm Crescat Portfolio Management who made an investment amounting to $0.96 million or 60% of the total financing. The […]
OnlyFans to Prohibit Sexually Explicit Content Amid Mounting Pressure From Financial Partners
Popular adult-oriented content subscription platform OnlyFans is officially getting out of the pornography business. OnlyFans has announced it will ban users from posting sexually explicit content beginning in the fall, in a move to comply with mounting demands from its payout providers and banking partners. Come October, OnlyFans’ 2 million-plus content creators will no longer […]
Hexo Corp Looks To Raise US$140 Million At US$2.95 Per Unit
Hexo Corp (TSX: HEXO) (NYSE: HEXO) this morning released the terms of its previously announced overnight marketed public offering. The company will see a total of US$140 million raised via the sale of units of the company. Under the terms of the financing, a total of 47.5 million units of the company are to be […]
Rubicon Organics Posts Net Revenue Of $4.6 Million,$5.1 Million Net Loss For Q2 2021
Rubicon Organics Inc. (TSXV: ROMJ) reported this morning its financial results for Q2 2021, highlighting net revenue of $4.6 million. This is an increase from Q2 2020’s net sales of $1.0 million. The firm attributes the year-on-year revenue boost to the increase in product offering and expanded distribution. In a statement, Rubicon Organic CEO Jesse […]
PharmaCielo Records $0.4 Million In Revenue, $7.2 Million Net Loss In Q2 2021
PharmaCielo Ltd. (TSXV: PCLO) reported today its financial performance for the quarter ending June 30, 2021. The results highlighted a quarterly revenue of $0.4 million, down from Q2 2020’s revenue of $1.2 million. However, the cost of goods sold exceeded the revenue for the quarter primarily due to inventory impairment amounting to $0.7 million. This […]
Binance Enforces User Verification Requirements As It Cracks Down On Reducing Money Laundering
Binance this morning announced that it is tightening its regulatory measures following a string of attacks on the company globally by governments looking to crack down on the crypto space. The firm appears to be growing up, bringing a level of verification to the crypto space that matches the equities world, something that the lack […]
Magna Gold Finally Closes $10 Million Secured Debt Financing
Magna Gold (TSXV: MGR) has closed its previously announced financing. The company managed to raise gross proceeds of $10.0 million via a long, drawn out money raising cycle that the company initiated back in May 2021 with Delbrook Capital Advisors. Originally advertised as a “funding with a founding and strategic shareholder” of the company, back […]
Hexo Corp Announces Intent To Conduct Financing To Fund Redecan Acquisition
Hexo Corp (NYSE: HEXO) (TSX: HEXO) is evidently in need of funds. The company last night after the bell announced that it would be conducting a proposed public offering, the terms of which have yet to be set. The financing is to be lead by both Cantor Fitzgerald and Alliance Global Partners. No terms have […]
Medipharm Labs: Canaccord Lowers Targets After Earnings
On August 16, Medipharm Labs (TSX: LABS) reported their second quarter financial results. The company reported $5.07 million in revenue, down 7.7% sequentially and down 63.6% year over year. The company had a negative gross profit margin of 152.5% on a negative gross profit of $8 million, which has ballooned from a negative $0.68 million […]