Cassava Sciences Answers Allegations Of Fraud: “We’re Not An Entertainment Company; We’re A Science Shop”
Cassava Sciences, Inc. (Nasdaq: SAVA) saught this morning to put an end to the allegations of fraud being made towards the company, particularly ones that are related to its ongoing clinical trial for its Alzheimer’s disease drug candidate, Simufilam. The biopharmaceutical firm released a statement today explaining its side and claiming that the said allegations […]
Canada’s Trade Surplus Slumps to $778 Million in July Amid Influx of Car Imports
Canada’s trade surplus narrowed in July, as imports soared to a new record-high, significantly outpacing exports. According to data published by Statistics Canada on Thursday, the country’s trade surplus fell from a revised $2.6 billion in June to $778 million in July, amid a surge in imports. Total imports rose 4.2% to a record $53 […]
Canaccord Lowers Else Nutrition Estimates After Disappointing Quarter
This past week, Else Nutrition (CSE: BABY) reported their second quarter financial results. The company reported revenues of $1.11 million, down roughly 2% sequentially, while gross profit grew from $0.05 million to $0.33 million. Finally, the company posted a net loss of $4.75 million or a loss of $0.05 per share. The company ended the […]
Gold Royalty Sees US$25 Million Revolving Credit Facility Commitment From Bank Of Montreal
Gold Royalty Corp. (NYSE: GROY) this morning announced the signing of a commitment letter with the Bank of Montreal. The endeavor entails the financial institution to provide up to US$25 million revolving credit facility to the firm. The gold-focused royalty company gets to secure a fully underwritten US$10 million revolving credit with an accordion feature […]
‘Shark Tank’ Kevin O’Leary, Kevin Harrington Sued for Fraud
Shark Tank star Kevin O’leary and former star Kevin Harrington are being sued over allegedly running an investment scam that left a number of hopepful entrepreneurs out of hundreds of thousands of dollars. According to court documents obtained by ET, both O’Leary and Harrington are facing allegations of defrauding a number of entrepreneurs by using […]
First Cobalt Raises US$45 Million Via Debt, Equity
First Cobalt Corp (TSXV: FCC) this morning indicated that it has closed on US$45 million in aggregate gross proceeds from a series of funding’s undertaken by the company this week. Funds were raised via a combination of senior secured notes and an overnight marketed offering. The majority of the funding came from US based investors, […]
IsoEnergy Starts Drilling At Larocque East Project
IsoEnergy Ltd. (TSXV: ISO) announced this morning that it has started drilling at its flagship Larocque East property. This follows the completion of the diamond drilling project at its Geiger property last month. As the mining firm previously shared, the 12,000-metre diamond drilling project at Larocque East will comprise of 30 drill holes. The program […]
Gold Sent Soaring Following Awful Non-Farm Payroll Data
It appears things might be finally hitting the fan this morning so to speak. Gold might finally be having its day, after the Bureau of Labour Statistics this morning reported the latest non-farm payroll numbers for the United States. The metal soared as high as $1829 following initial reactions of the job data, before coming […]
Garibaldi Resources Secures $12.0 Million Financing Facility
Garibaldi Resources (TSXV: GGI) this morning announced a financing facility, as well as preliminary results from an airborne geophysical survey conducted on it’s E&L nickel-copper project in British Columbia. The release was largely framed around the preliminary data, which provided little to shareholders, rather than the significant financing announced by the firm. In terms of […]
Harborside Acquires Dispensary Previously Operated Under Management Agreement
Harborside Inc (CSE: HBOR) this morning had a minor corporate update. The company has acquired in full a dispensary in which it was previously operating under a management agreement. The company has acquired the entirety of Accucanna, whom is currently the license holder for the firms Desert Hot Springs dispensary, the first location operated by […]