OnlyFans Suspends Proposed Adult Content Ban, Will Continue to Allow Porn on its Platform

Adult content subscription platform OnlyFans has done a complete 360-degree turn on its previously proposed ban on sexually explicit content, after apparently having come to a reconciliation with its banking partners. Just one week after announcing it would ban pornographic content come October 1, OnlyFans has come out on Wednesday, announcing it has reversed its […]

Converge Technology Upsizes Bought Deal Offering To $225.2 Million

Converge Technology Solutions Corp. (TSX: CTS) announced today that it has amended an agreement to conduct a bought deal financing made with a syndicate of underwriters led by Canaccord Genuity Corp. From previously announced target aggregate proceeds of $150 million, the company is now upsizing the offering for a total of $225.2 million. The offering […]

Silvercorp Metals Looks To Buy Back 4% Of Its Shares

Silvercorp Metals Inc. (TSX: SVM) declared today its plans to conduct a normal course issuer bid and buy back its previously issued common shares. The program will run from August 27, 2021, to August 26, 2022. Under the terms of the bid, the firm is looking to acquire back up to 7,054,000 of its common […]

Cantor Slashes Hexo Corp’s Price Target After Poorly Priced Financing

Hexo Corp (TSX: HEXO) (NYSE: HEXO) on August 20 announced a $140 million public offering consisting of 47,457,628 units at a price of US$2.95 per nit. Each unit comes with 1 share and one half of a warrant which can be exercised for 5 years at an exercise price of US$3.45. This subsequently dropped HEXO’s […]

The Green Organic Dutchman Ships South Africa’s First Legal Cannabis Flower

The Green Organic Dutchman Holdings (TSX: TGOD) announced today that it has completed its first international commercial shipment of cannabis flowers and other extracts. The export is destined for South Africa, marking the country’s first legally distributed cannabis flower at a commercial scale. “We are confident that our in-country partner will continue to develop this […]

Vizsla Silver Resumes Drilling At Panuco Project

Vizsla Silver Corp. (TSXV: VZLA) announced this morning that it has restarted drilling activities at its flagship Panuco project in Mexico. This follows after the company suspended on-site work at the property due to the increase of COVID-19 risk in the local vicinity. The firm is resuming work at the property earlier than the previously […]

Hexo Corp Raises US$144.8 Million In Last Minute Financing

Hexo Corp (TSX: HEXO) (NASDAQ: HEXO) last night announced that it has closed its previously announced public offering. The financing saw a total of US$144.8 million in gross proceeds raised, which includes the partial exercise of the over-allotment option. In total, the company managed to sell 49.1 million units of the company under the offering […]

OnlyFans Founder Accuses Banks of Unfair Treatment Over Porn Ban

After what appeared to be an act of self-sabotage by banning sexually explicit content on its website, OnlyFans’ founder has finally added some clarity to the situation, announcing that the pornography ban was the result of “unfair” treatment by banks. After the adult content subscription platform announced it will be banning sexually explicit conduct come […]

US New Home Sales up in July Following 4-Month Decline

Sales of new homes across the US finally rose in July amid a jump in inventories, following a four-month decline. According to data released by the US Census Bureau on Tuesday, a total of 708,000 new single-family homes traded hands in July, marking an increase of 1% following June’s upwardly revised 701,000. Economists polled by […]