Columbia Care Sees Consensus Price Target Rise To $14.70
On August 12, Columbia Care Inc. (CSE: CCHW) reported its second-quarter financial results, wherein the company announced record revenues of $109.7 million, up 19% sequentially, with a gross margin of 43%. Gross profits rose 23.6% to $43.3 million, while Adjusted EBITDA came in at $16.4%, up 58% sequentially, and an EBITDA margin of 15%. The […]
SSR Mining Hits 40.7 Metres Of 7.48 G/T Gold At Ardich
SSR Mining Inc. (TSX: SSRM) reported today more than a year’s worth of drill results out of 194 diamond holes at its Ardich property. The results cover the period between March 2020 and May 2021 with a highlight intersection of 7.48 g/t gold over 40.70 metres among other results. The mining firm relayed that these […]
Revive Therapeutics Enters Exclusive License For Ganoderma Lucidum Intellectual Property
Revive Therapeutics (CSE: RVV) last night announced that it has has entered into an exclusive licensing agreement. The licensing agreement pertains to IP related to compounds of Ganoderma Lucidum, a form of a medicinal mushroom that has been found to have anticancer properties by the St. Jude Children’s Research Hospital. The IP itself has been […]
Bright Minds Biosciences Proprietary Compound Shows Reduction Of Seizures In Pre-Clinical Studies
Bright Minds Biosciences (CSE: DRUG) this morning announced preliminary results from an ongoing study being conducted by the firm. The company has seen efficacy in rodent models of Dravet Syndrome, a form of epilepsy, within ongoing late pre-clinical trials. The efficacy was seen in what the company refers to as its 5-HT2C agonist, BMB-101. The […]
Labrador Gold Assays 44.08 g/t Gold Over 4.28 Metres
Labrador Gold (TSXV: LAB) this morning continued to prove there is strong gold mineralization within Newfoundland. The company reported further drill results from its Kingsway project located near Gander, Newfoundland, highlighting an intersection of 44.08 g/t gold over 4.28 metres. A total of ten additional drill holes were reported by the company this morning, all […]
EnerDynamic Hybrid Tech Receives Approval For Windular Research Acquisition
EnerDynamic Hybrid Technologies (TSXV: EHT) this morning had a brief corporate update as it pertains to the acquisition of Windular Research and Technologies. The purchase, as well as a number of associated corporate actions, has now formally received approval from the TSX Venture. First and foremost, the previously announced settlement of $14.2 million in principal […]
New Found Gold To Raise $50 Million Via Flow Through Bought Deal Financing
New Found Gold (TSXV: NFG) last night after the bell announced that it will be conducting a significant bought deal financing. The financing will see the company raise a total of $50.0 million via a flow through financing. Lead by the Canaccord Genuity and BMO, the financing will see the company sell a total of […]
Tilray Makes Move Into US Cannabis Market Via Medmen Convertible Notes
It appears that the rumours surrounding Tilray’s (NASDAQ: TLRY) focus on the US cannabis market were true. The firm this evening announced that it has acquired a majority stake in outstanding MedMen Enterprises (CSE: MMEN) senior secured convertible notes. Originally owned by Gotham Green Partners, the notes and associated warrants have now been acquired by […]
Tesla Shares Plummet as US Regulator Announces Formal Investigation Into Autopilot System
It appears that the smooth ride for Tesla may be coming to an end, as US regulators have finally launched a major inquiry over the safety of the automaker’s driver assistance system. On Monday, the National Highway Traffic Safety Administration (NHTSA) announced that it has opened an official investigation into Tesla’s Autopilot feature, following a […]
Sundial Growers: Canaccord Raises Price Target Due To Strong Balance Sheet
Sundial Growers (NASDAQ: SNDL) reported its second quarter financial results on August 12. The company announced net revenues of $9.15 million, slightly lower than their $9.89 million first quarter revenue. The company, once again, had negative gross margins as the company’s cost of sales was $9.5 million. The company had a flat Adjusted EBITDA number, […]