Oil Prices Jump Past $80 for the First Time Since 2018
Just as energy prices sharply soar to record-highs across global markets, crude prices have jumped above $80 per barrel, in yet another sign that the world is headed for a major energy crisis ahead of the winter season. Brent futures for November rose 0.83% to $80.19 per barrel Tuesday morning, while futures for December delivery […]
InPlay Oil To Acquire Cardium-Focused Producer Prairie Storm For $50 Million
InPlay Oil Corp. (TSX: IPO) announced on Tuesday that it has entered into a definitive agreement to acquire light-oil Cardium-focused producer Prairie Storm Resources Corp. (TSXV: PSEC). The acquisition is reportedly for consideration of approximately $40.5 million. The company said the acquisition will be paid through $40 million in cash and issuance of 8.3 million […]
Wishpond Secures $6 Million Revolving Credit Facility From National Bank Of Canada
Wishpond Technologies Ltd. (TSXV: WISH) reported this morning that it has entered into a new credit facility agreement with the National Bank of Canada’s Technology and Innovation Banking Group. The credit agreement will provide the marketing firm a $6 million secured revolving operating line. “The credit facility will provide us with an efficient way to […]
Gold Mountain: Star Royalties Purchase Highlights Value Of Flagship Asset
The trouble with investing in small cap equities is that sometimes, it takes a while for others to catch on to an investment opportunity. While that can be tiresome when reviewing a portfolio, it can be extremely beneficial when the timing is right. Take Star Royalties (TSXV: STRR) for instance, whom just acquired a mining […]
New Found Gold Starts Trading On The NYSE
As it has previously announced, New Found Gold Corp. (TSXV: NFG) started trading its common shares on the New York Stock Exchange this morning. The mining firm is listed on the big board under the symbol “NFGC”. Following this, the company will be delisting its shares from the OTC markets. While no action is required […]
Aurora Cannabis: Canaccord Cuts Price Target, Lowers 2022 Estimates
On September 27, Aurora Cannabis (TSX: ACB) reported its fiscal fourth quarter results. The companies results pointed to both a sequential and year-over-year decline in revenue. Fourth quarter revenue was $54.61 million, a 1% sequential decline and a 20% decline year over year. The company reported medical cannabis revenue up 9% year over year, with […]
Canada House Wellness Posts $4.0 Million In Revenue, $2.6 Million Net Loss For Fiscal Q1 2022
Canada House Wellness Group Inc. (CSE: CHV) shared on Tuesday evening its financial results for the fiscal Q1 2022 ending July 31, 2021, highlighting revenue of $4.0 million. This is an increase from fiscal Q4 2021’s revenue of $2.9 million and Q1 2021’s revenue of $2.5 million. Breaking down the topline revenue figure, earnings from […]
GoGold Intersects 6.1 Metres Of 525.7 G/T Silver Equivalent At Los Ricos North
GoGold Resources Inc. (TSX: GGD) reported this morning the initial results from the newly-drilled Mololoa deposit at the Los Ricos North project. The results, coming from 25 holes, included hitting 1,956.3 g/t silver equivalent over 1.0 metre within a larger interval of 525.7 g/t silver equivalent over 6.1 metres. “These are the first holes drilled […]
Jushi Acquires Single Dispensary In Nevada To Vertically Integrate State
Jushi Holdings (CSE: JUSH) appears to be focused on vertically integrating its operations as a means of capturing more margin. The firm this morning announced that it has acquired a dispensary in Nevada, its first in the state, following its acquisition of Franklin Bioscience, a cultivator and processor in the state, earlier this year. Currently […]
Kirkland Lake Gold Discontinues Automatic Share Purchase Program
Kirkland Lake Gold (TSX: KL) appears to be in capital preservation mode following the merger announced with Agnico Eagle Mines (TSX: AEM) yesterday. The firm this morning announced that it will be discontinuing its automatic share purchase plan. Referred to as the ASPP, the program was used to enable the company to continue to repurchase […]