BitMEX Agrees to Pay $100M Settlement With FinCEN, CFTC Over Bank Secrecy Act Violations
BitMEX has agreed to reach a $100 million settlement with two US government agencies, that accuse the cryptocurrency derivatives trading platform of violating US federal law. According to a statement published by the Financial Crimes Enforcement Network (FinCEN), BitMEX has agreed to pay a $100 million civil penalty, of which $50 million will go to […]
Scotts Miracle-Gro Looks To Raise US$400 Million From 4.375% Senior Notes Offering
The Scotts Miracle-Gro Company (NYSE: SMG) on Tuesday announced its plans to offer 4.375% senior notes due 2032. The offering aims to raise total aggregate principal amount of US$400 million. The manufacturing firm has relayed that the proceeds from the proposed offering are intended for reducing liabilities in the company’s senior secured revolving credit facility, […]
Cannabis Earnings: Cantor Fitzgerald Adjusts Ratings Ahead Of Earnings
Last week, Pablo Zuanic from Cantor Fitzgerald released his second-quarter estimates and updated his 12-month price targets on multiple names within the cannabis sector. Summaries of these estimate updates and price target changes can be found below. Cresco Labs (CSE: CL): $13.50 down from $21.50, reiterates Overweight rating Green Thumb Industries (CSE: GTII): $43.50 up […]
New Gold Reports Q2 Revenues Of $198 Million, Net Loss
New Gold Inc. (TSX: NGD) today reported its second quarter 2021 results for the period ended June 30, 2021. The quarter saw New Gold achieving revenue of $198 million, while posting a $16 million net loss. Of the total $198 million in revenues generated for the quarter, gross revenues from gold sales were recorded at […]
Kneat Posts $3.1 Million In Revenue, $1.7 Million Net Loss In Q2 2021
Kneat.com, Inc. (TSXV: KSI) on Tuesday shared its financial results for Q2 2021, highlighting a quarterly revenue of $3.1 million. This is an increase from both Q1 2021 revenue of $2.4 million and Q2 2020 revenue of $1.5 million. Breaking the quarterly revenue figure down, the firms software-as-a-service (SaaS) business contributed $1.7 million, up from […]
Pegasus Resources Begins Follow-Up Exploration At Golden, BC Properties
Pegasus Resources (TSXV: PEGA) has begun a work program on its high priority properties. The program is focused on the firms Golden projects, located in British Columbia, that is comprised of a total of three separate copper-gold properties. Exploration work has begun on the firms Gold Mountain, Punch Bowl, and Vertebrae Ridge properties. Exploration work […]
i-80 Gold Reports Revenue Of $10.3 Million For Q2 2021
i-80 GOLD CORP. (TSX: IAU) late last night posted its financial results for the second quarter of 2021. In the company’s first quarter as a publicly traded company, they posted revenue of $10.3 million, and a net loss of $7.1 million. Revenues for the quarter of $10.3 million followed gold production of 4,972 ounces and […]
Freeman Gold Files Technical Report For Million Ounce Resource Estimate
Freeman Gold (CSE: FMAN) this morning reported that it has officially filed a National Instrument 43-101 report for its flagship Lemhi Gold project in Idaho. The filing reports to the firms maiden mineral resource estimate, which identified that the property contains over 1.0 million ounces of gold on a combined basis. Based on a cut […]
McLaren Resources Announces Drill Program For McCool Property
McLaren Resources (CSE: MCL) is going exploring. The firm last night after the bell announced that it had been issued a mineral exploration permit by the Ontario ministry for its McCool project, located in the Timmins Gold Region of the province. The permit will allow the company to conduct various surface exploration activities over a […]
Enthusiast Gaming Posts Q2 Revenues of $37.1 Million, Net Loss
Enthusiast Gaming (TSX: EGLX) last night reported its second quarter financial results, posting revenues of $37.1 million. Despite making gains on a quarter over quarter basis in terms of revenue, the company still posted a net loss that was relatively unchanged from the prior quarter. Revenues grew 23.7% on a quarter over quarter basis, climbing […]