PharmaTher To Raise $10.0 Million Via Institutional Investor Financing
PharmaTher Holdings (CSE: PHRM) this morning indicated that the company has secured a financing with institutional investors. The firm will be raising C$10.0 million via a financing conducted exclusively by H.C. Wainwright. The financing will see the company sell a total of 15.6 million units of the company price at $0.64 per each, with each […]
China’s Central Bank Takes Aim At Cryptocurrencies Again, Reiterating All Activity Is Illegal
Bitcoin and its close relative Ethereum are cratering this morning following the latest commentary from the People’s Bank of China. The digital currency is currently down over 7% to $41,543, after sinking as low as $40,683, while Ethereum is currently off over 10%, falling to $2,829 as of the time of writing. The tumble comes […]
New Found Gold To List Shares On NYSE By End Of Month
New Found Gold (TSXV: NFG) is finally moving to a US big board. While the company initially announced the move over two months ago, the transition of its US listing to a top tier market is expected to occur by the end of the month finally. The company will be listing its shares for trading […]
Medmen Posts Q4 Loss Of $46.2 Million
Medmen Enterprises (CSE: MMEN) last night reminded investors why Canaccord Genuity had a long standing $0.00 price target on the name. The firm reported its fourth quarter financial results, posting $42.0 million in revenue for the three month period, along with a net loss of $46.2 million. Revenues were up 18.5% on a quarter over […]
Bitcoin’s 2021 Electricity Consumption has Already Exceeded the Entirety of 2020
As the popularity of the world’s largest cryptocurrency grows, the energy consumption and subsequent environmental damages also continues to accelerate. According to data published by Cambridge University, bitcoin’s power consumption is expected to hit 95.68 terawatt-hours (TW/h) before the end of the year, which astonishingly equates to the total power consumption of the Philippines. A […]
Crypto Firm Argo Blockchain Prices US$112.5 Million IPO
Cryptocurrency mining company Argo Blockchain Plc (Nasdaq: ARBK) started trading on the Nasdaq Global Select Market. The London-based firm aims to raise approximately US$112.5 million in its debut on the US big board. The offering consisted of 7.5 million American depositary shares at US$15.00 per ADS, which represents 10 ordinary company shares. The ADSs will […]
Tilray: Cantor Lowers Price Target, Walks Back Coca-Cola Comments
Last week, Cantor Fitzgerald updated their estimates on a bundle of Canadian License Producers. In every case, they slashed the 3 largest license producers’ price targets. Cantor Fitzgerald lowered their 12-month price target on Tilray Inc (TSX: TLRY) (NASDAQ: TLRY) to C$18 from C$19 and reiterated their overweight rating. Tilray currently has 20 analysts covering […]
European Governments Considering Billions in Aid as Energy Crisis Deepens
Out-of-control energy prices are forcing European governments to consider billions of euros in financial aid for households and struggling suppliers, as the continent’s energy crisis worsens ahead of the winter months. Countries across Europe are bracing for a cold and expensive winter ahead, as low LNG supplies, inadequate renewable energy sources, and political woes with […]
Vermeulen: Uranium Is Just Getting Started – The Daily Dive
Today’s guest on the Daily Dive is Chris Vermeulen, the chief market strategist at TheTechnicalTraders.com. He comes back to share his thoughts from a technical standpoint where uranium is heading, along with crude oil, gold, platinum, and copper. In this episode, he also gives his opinion specifically on Sprott’s physical uranium ETF and the status […]
BioVaxys Announces Study On Modified Spike Protein In COVID-19 Vaccine To Reduce Risk Of Rare Side Effects
BioVaxys Technology Corp. (CSE: BIOV) announced this morning that it has initiated a study on the reduced ACE2 binding capabilities of the hapten-modified spike protein in its COVID-19 vaccine. When vaccine spike proteins bind with the ACE2 receptors in the heart, this may lead to rare side effects related to the heart and blood. “Biovaxys […]