Healthcare SPAC Future Health ESG Prices US$200 Million IPO
Blank check company Future Health ESG Corp. (Nasdaq: FHLTU) went public today on the Nasdaq Capital Market. The company is seeking to raise US$200.0 million through its initial public offering. The offering consists of 20.0 million company units priced at US$10.00 per unit. Each unit is composed of one common share and one-half of a […]
Fire up the Money Printer! Janet Yellen Warns of Treasury Default, Urges Congress to Raise Debt Ceiling
Treasury Secretary Janet Yellen has issued a stark warning to Congress that the US will soon default on government debt if lawmakers do not raise the debt ceiling— again. In a letter addressed to House Speaker Nancy Pelosi on Wednesday and seen by CNBC, Yellen warned that the Treasury Department is slated to reach the […]
Well Health: Canaccord Reiterates Ratings Following Recent Acquisition
Last week WELL Health Technologies (TSX: WELL) announced their latest acquisition, a majority stake in Silicon Valley-based WISP for US$41 million. Consideration consists of $27.7 million in cash and $6.2 million in shares and a potential $7.4 million earnout based on revenue hurdles. WISP was founded in 2018, is in 50 states, and has served […]
Cathie Wood Begins Liquidating Chinese Stocks Following Tech Crackdown
Ark Invest CEO Cathie Wood has allegedly begun cutting back her fund’s exposure to China, after the communist country imposed a sweeping set of regulatory changes. According to the Financial Times, which cited comments made by Wood during the Mizuho Securities conference, the Wall Street darling announced her fund has dramatically reduced its Chinese positions, […]
Explainer: Anti Alzheimer’s, Dravet Syndrome, Epilepsy & Addiction Drugs – The Daily Dive
On today’s Daily Dive, Cassandra welcomes back Ian McDonald, CEO of Bright Minds Biosciences (CSE: DRUG). He shares the promising results of the company’s proprietary BMB-101 drug to treat a rare form of epilepsy, Dravet Syndrome. The chief officer also talks about the firm’s plan to list on the Nasdaq, the common misconceptions on psychedelics, […]
McDonald’s Launches First-Ever Plant-Based Burger in the UK and Ireland
Fast food giant McDonald’s (NYSE: MCD) has finally unveiled its highly-awaited plant-based burger, following several years of research and development. After announcing it will soon offer more plant-based options on its menu, McDonald’s has revealed it will be launching its first-ever McPlant burger at select locations across the UK and Ireland. The plant-based patty is […]
Cresco Labs: Haywood Marginally Revises Estimates Following Cultivate Acquisition
On September 3, Cresco Labs (CSE: CL) announced that they have closed their acquisition of Cultivate, a vertically integrated Massachusetts operator that was acquired for $90 million, plus a potential $68 million earn-out. Cultivate currently operates roughly 42,000 square feet of active canopy with an additional 20,000 square feet of canopy available for build-out. The […]
THC Therapeutics Aims To Raise US$50 Million Funding For Acquisition Strategy In The Cannabis Industry
THC Therapeutics (OTCPK: THCT) announced this morning that it has entered into an agreement with private equity firm Shefford Capital Partners to secure up to US$50 million in funding. The company aims to raise the funds in support of its acquisition strategy “in the cannabis, alternative therapies, and modern health space”. The agreement will see […]
Tesla’s China Exports Jump in August as Chinese EV Sales Soar 275%
Tesla’s (NASDAQ: TSLA) exports of Chinese-made vehicles ramped up last month, as the automaker expanded production at its Shanghai factory. According to data published by the China Passenger Car Association (CPCA) on Wednesday, Tesla sold a total of 44,264 Chinese-made cars in August, marking a 29% month-over-month increase, and a 275% jump from the same […]
Bumble Prices US$972 Million Secondary Offering
Bumble Inc. (Nasdaq: BMBL) is looking to raise proceeds for its stockholders. The online dating platform priced today its previously announced secondary offering of company shares with aggregate proceeds of US$972 million. The offering consists of 18.0 million Class A shares by certain selling stockholders at US$54.00 per share. The company itself is not selling […]