High Tide Reports $48.1 Million In Revenue, $1.7 Million Net Loss In Fiscal Q3 2021
High Tide Inc. (TSXV: HITI) released on Tuesday its financial statements for fiscal Q3 2021 ending July 31, 2021. The results highlighted a quarterly revenue of $48.1 million, up from both Q2 2021’s revenue of $40.9 million and Q3 2020’s revenue of $24.1 million. Breaking down the topline revenue figure, merchandise sales contributed $43.8 million […]
US Consumer Prices Rise by Less Than Forecast in August
Consumer prices across the US rose by less that expected in August, suggesting that inflation pressures may be beginning to cool. According to data published by the Bureau of Labour Statistics on Tuesday, the CPI rose 0.3% between July and August, marking the slowest monthly acceleration in seven months, while advancing 5.3% from year-ago levels. […]
Uranium Royalty Corp Announces Purchase Of 300,000 U3O8 Pounds For US$11.5 Million
Uranium Royalty Corp. (TSXV: URC) announced this morning that it is entering into contracts for three additional spot purchases totaling 300,000 pounds of U3O8. The purchases carry an average cost of US$38.17 per pound. These transactions are expected to bring the company’s physical uranium inventory to 648,068 pounds at a weighted average cost of US$33.10 […]
Prime Meridian Provides Overview Of Red Lake Properties, Pushes Towards Finalizing Work Program
Prime Meridian Resources (TSXV: PMR) this morning provided an overview of the firms projects within the Red Lake district of Ontario. The firm currently has two primary properties in the region, the Bruce Lake and Camping Lake projects. Following a recent expansion of 282 minerals claims in the region, the company now has claims on […]
CN To Receive $1.4 Billion As A Result of Kansas City Southern Walking From Merger
It appears that a major transaction for CN (TSX: CNR) has fallen through with Kansas City Southern (NYSE: KSU). The firm this morning provided notice that it has received a notice of termination for the previously entered definitive agreement to merge. Initially announced in May 2021, the $33.6 billion arrangement has been troublesome from the […]
Interra Copper Focuses Efforts Solely On Thane Property, Current Program On Budget
Interra Copper (CSE: IMCX) appears to be honing in on its Thane Property in North Central British Columbia. The firm this morning announced that it has elected to focus its entire efforts on the prospective copper property. In doing so, the firm indicated this morning that it intends to not pursue further work at its […]
New Found Gold Hits 32.65 g/t Gold Over 7 Metres At Keats
New Found Gold (TSXV: NFG) this morning released a further twenty nine drill holes from its Keats Zone. Drilling at Keats is part of the firms ongoing 200,000 metre diamond drill program within the larger Queensway Project in Newfoundland. A number of holes from the program were highlighted by the company when releasing results, however […]
Hut 8 Mining Looks To Raise US$150 Million At $8.55 Per Share
Hut 8 Mining (TSX: HUT) this morning revealed the pricing of its public offering. Originally announced last night after the closing bell, the firm has now indicated the details behind the planned offering. The firm intends to sell a total of 17.6 million shares of the company under the offering at a price of US$8.55 […]
Glass House Brands Finally Closes On Greenhouse Facility At Reduced Price
Glass House Brands (NEO: GLAS.A.U) this morning indicated it has finally acquired the greenhouse that it has positioned its story around. While it did not come cheap, the firm managed to reduce the original agreed upon purchase price of the facility. The facility itself, located in southern California within Ventura County, measures in at a […]
The Litecoin Walmart Hoax, A Classic Pump & Dump
Yesterday morning there were fireworks when both LiteCoin and Wal-Mart had their worlds collide, in what is one of the most blatant pump and dumps we have seen in modern big cap history. It appears that a fake news release was distributed via “Walmart Inc.” on GlobeNewsWire. The now pulled release, titled “Walmart Announces Major […]