Venture Capital-Backed SPAC Banner Acquisition Eyes US$150 Million IPO
Special purpose acquisition company Banner Acquisition Corp. (Nasdaq: BNNRU) started trading publicly yesterday on the Nasdaq Capital Market. The company is seeking to raise US$150 million in its initial public offering. The offering consists of 15.0 million company units priced at US$10.00 per unit, down from the initial 30.0 million units. Each unit is composed […]
Lightning eMotors Fits the Mold of a Meme Stock
In light of recent outsized moves by meme stocks catalyzed by investors’ expectations of a potential short squeeze, Lightning eMotors, Inc. (NYSE: ZEV), a manufacturer of powertrains and commercial zero-emission vehicles (ZEVs), could be a candidate for such a move. Indeed, Fintel, a research firm focused on financial markets data, recently labeled Lightning as one […]
Venerable Ventures Plans To Acquire Kapoose Creek Wellness In An All-Share Transaction
Venerable Ventures Ltd. (TSXV: VLV) announced on Wednesday night its letter of intent to acquire all of the outstanding share capital of wellness product development company Kapoose Creek Wellness Ltd. Prior to the closing of the acquisition, the company also intends to apply for a Canadian Securities Exchange listing. Under the terms of the proposed […]
Summer Sizzlin’: BMO Initiates Coverage On Traeger, Weber
Two creations to come out of the recent stock market craze are Weber (NYSE: WEBR) and Traeger (NYSE: COOK), both of which sell grills and barbeques, and whom boast a combined $8 billion market capitalization. Weber says that they sell outdoor products “that include gas grills, charcoal grills, wood pellet grills, electric grills, smokers, grilling […]
Freehold Royalties Eyes Acquiring US Royalty Assets In Eagle Ford Oil Basin For US$180 Million
Freehold Royalties Ltd. (TSX: FRU) announced on Wednesday that it has entered into a definitive agreement with an unnamed private seller to acquire U.S. royalty assets located in the Eagle Ford oil basin in Texas. The transaction is reported to be for a total consideration of US$180 million. The acquisition concerns a concentrated royalty land […]
Coinbase Insiders Sell $34.7 Million In Shares In September Before Announcing Wells Notice
As has been widely reported, Coinbase (NASDAQ: COIN) has recently been in communication with the SEC related to a Wells Notice that the firm previously received. Following CEO Brian Armstrong taking to Twitter Tuesday night in relation to the notice, the firm filed an 8-K with the SEC denoting the announcement. It turns out that […]
Grande Portage Releases Sample Assay Results At Herbert Gold
Grande Portage Resources (TSXV: GPG) this morning reported early results from its ongoing exploration program at its Herbert Gold property in southeastern Alaska. Results this morning come from channel samples conducted on the property. Exploration is currently ongoing on the property, with two drills currently turning. Samples are also being collected, with the firm this […]
DraftKings Brings Mobile Sportsbook To Arizona
DraftKings Inc. (Nasdaq: DKNG) launched today its Sportsbook app in the state of Arizona. The Grand Canyon state becomes the 14th US territory where the mobile sportsbook is available. “With the launch of our digital sportsbook coinciding with NFL kickoff, the busiest and most exciting time of the year for our company, we could not […]
Red White & Bloom Focuses On Edibles In Florida Medical Market
Red White & Bloom (CSE: RWB) is well underway with the development of its recently acquired Florida assets. The firm this morning announced that it has completed the build-out of a production facility within the state. The purpose of the production facility is reportedly to focus on the growing edibles market within the state. The […]
Skeena Resources Gains Strategic Investor Via $7.0 Million Flow Through Financing
It appears funding its exploration program is no problem for Skeena Resources (TSX: SKE). The golden triangle-focused junior resource firm this morning announced that it would be conducting a fully-subscribed, non-brokered private placement financing of flow through shares this morning. The financing will see a total of 346,364 flow through shares sold under the offering, […]