Richard Branson’s Virgin Orbit to Make Public Debut Via SPAC, Seeks $3.7 Billion Valuation
Billionaire Richard Branson’s satellite-launching company, Virgin Orbit, joins a growing list of space companies going public via SPAC deals. On Monday, Branson confirmed that Virgin Orbit will be merging with SPAC NextGen Acquisition Corp II, seeking a $3.7 billion valuation. The transaction is expected to raise $483 million for the satellite-launch company, as well as […]
Voyager Digital Gets Conditional Approval To List On TSX
Voyager Digital Ltd. (CSE: VYGR) announced today that it has received conditional approval to list its common shares on the Toronto Stock Exchange. Should the company start trading on TSX, it plans to voluntarily delist its stocks from the Canadian Securities Exchange. “The company is now at a stage where investors could benefit from an […]
Gold Royalty Acquires Ely Gold For $84 Million, 30.9 Million Shares
Gold Royalty Corp. (NYSE: GROY) this morning announced the completion of the business combination between the company and Ely Gold Royalties Inc. (TSXV: ELY). The acquisition is reported to be for an aggregate consideration of $84 million in cash and 30.9 million Gold Royalty shares. Under the terms of the transaction, Gold Royalty acquired 100% […]
Cronos Group, Ginkgo Bioworks Achieve Partnership Productivity Target For CBG Acid
Cronos Group, Inc. (TSX: CRON) and Ginkgo Bioworks announced this morning that its partnership has achieved the productivity target for cannabigerolic acid (CBGA). The milestone is part of the two companies’ set of productivity targets in aiming to produce eight cultured cannabinoids. This achievement sets the ground for Cronos Group’s planned cannabigerol product launch this […]
Khiron Life Sciences Records $2.8 Million In Revenue, $4.8 Million Net Loss In Q2 2021
Khiron Life Sciences Corp. (TSXV: KHRN) reported this morning its financial statements for the quarter ending June 30, 2021. The results highlighted a quarterly revenue of $2.8 million, marginally lower from Q1 2021’s revenue of $2.8 million but a climb from Q2 2020’s revenue of $1.7 million. Breaking down the topline revenue figure, service revenues […]
Elemental Royalties Posts US$1.2 Million In Revenue, US$1.1 Million Net Loss For Q2 2021
Elemental Royalties Corp. (TSXV: ELE) shared today its and financial results for Q2 2021. The report highlighted a quarterly revenue of US$1.2 million, up from last quarter’s US$1.1 million but marginally down from last year’s US$1.3 million. The mining royalty firm reported selling 683 attributable gold ounces for the quarter. The company also announced that […]
Retail Sales Soar as Canadians Embark on Shopping Sprees Amid Reopening
Canadian retail sales strongly rebounded in June, as consumers flocked to brick-and-mortar stores following a lengthly period of pandemic-related shutdowns. However, July’s preliminary data suggests the momentum may only be temporary. According to Statistics Canada, retail sales jumped 4.2% to $56.2 billion in June, as activity rose across eight of the 11 subsectors. Core retail […]
AI Day 2021: Tesla Reveals Humanoid Robot That Doesn’t Exist Yet
Just when you thought Elon Musk’s empty promises couldn’t get any more absurd, along comes AI Day 2021, where Musk once again, reveals to the world Tesla’s (NASDAQ: TSLA) next disruptive technology— tech that doesn’t technically exist yet. Elon Musk took Thursday’s AI Day event as an ideal opportunity to showcase Tesla’s next big adventure, […]
US Homebuilder Sentiment Slumps to 13-Month Low Housing Affordability Declines
Despite the recent slump in lumber prices, homebuilders across the US continue to face added pressure amid ongoing supply chain disruptions and sky-high home prices. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) slumped from 80 to 75 in August, marking the lowest reading since July 2020. Of the index’s other […]
Bitcoin: Valuation Signal and Several Announcements Suggest More Upside
A technical valuation signal which has displayed a good predictive track record, plus constructive announcements by several large players in the Bitcoin space, augur well for a continued move higher for the world’s largest digital currency. After bottoming at just under US$30,000 in mid-July, Bitcoin has rebounded about 60% to trade at its current US$48,575 price. Based […]