Haywood Reiterates $80 Price Target On Trulieve After Harvest Health Purchase
On October 1st, Trulieve Cannabis (CSE: TRUL) announced that they completed their $1.75 billion acquisition of Harvest Health. Harvest shareholders received 0.1170 shares of Trulieve for each subordinate voting share held. A number of analysts raised their 12-month price targets off the back of the acquisition. This brought the average 12-month price target up to […]
Toronto Home Prices Soar to Record in September as Supply Plunged
Home prices across the Greater Toronto Area soared to a new record in September, as a lack of supply threatens to derail housing affordability. According to the Toronto Regional Real Estate Board (TRREB), the average selling price of a home in Toronto jumped 18.3% year-over-year to a new record of $1,136,280 in September. The majority […]
BMO: China’s Real Estate Market Poses Large Threat To Commodities
BMO Capital Markets recently released their fourth quarter commodity price update saying that the global metals and commodity market “has rapidly transitioned from one defined by strong sequential demand gains, to one where supply constraints.” BMO specifically names China, where a large property company has stopped paying its debt, saying that “With property concerns in […]
JPMorgan CEO: Bitcoin Has No Intrinsic Value, Regulators Will ‘Regulate the Hell Out Of It’
JPMorgan Chase CEO Jamie Dimon has reiterated his disapproval of bitcoin, once again calling the cryptocurrency essentially worthless. In an interview with Axios, the bank’s CEO and chairman said that bitcoin holds no intrinsic value, and that “regulators are going to regulate the hell out of it,” Dimon explained, adding that, “If people are using […]
Thermal Coal Prices Are Soaring in Europe and Asia; Conditions Likely to Persist for Some Time
In a development consistent with the current unpredictable market environment, the price of perhaps the world’s most hated commodity, thermal coal (or the coal used in power plants to generate “dirty” electricity), continues to soar across the globe. European and Asian utilities are finding it increasingly difficult to source the material. It goes without saying that building […]
Tilray Sees Haywood Slash Price Target To $12.50
On October 7, Tilray Inc (TSX: TLRY) reported their first quarter financial results for the period ending August 31, 2021. The company reported revenues of $168.02 million for the first quarter, up 43% year over year. Gross profits for the quarter came in at $50.9 million, up 46% year over year, but general and administrative […]
Canada’s Labour Market Returns to Pre-Pandemic Employment in September
A strong vaccination uptake coupled with the lifting of restrictions have allowed Canada’s economy to recoup all of the 3 million-some jobs lost during the pandemic. According to data published by Statistics Canada on Friday, the economy added 157,100 jobs in September, bringing employment levels on par with pre-pandemic levels of February 2020. The latest […]
Trulieve: Canaccord Retains $97 Price Target Following Harvest Health Transaction
On October 1, Trulieve Cannabis (CSE: TRUL) announced that they completed their $1.75 billion acquisition of Harvest Health (CSE: HARV). Harvest shareholders received 0.1170 shares of Trulieve for each subordinate voting share held. Trulieve issued a total of 50.9 million shares. The pro-forma second quarter revenue would have been $317.6 million. A number of analysts […]
Global Food Prices Soar to Decade-High Amid Growing Demand and Adverse Weather
Food prices around the globe increased for the second consecutive month in September to the highest in a decade, amid adverse weather and growing global demand. The Food and Agriculture Organization of the United Nations’ (FAO) food price index jumped 130 points in September to the highest since 2011, as food prices advanced 32.8% from […]
InsuraGuest Sees Launch Of Proprietary Travel Insurance Portal
InsuraGuest Technologies Inc. (TSXV: ISGI) continues to add innovative and disruptive products to its suite of insurance services aimed at making life simpler for business and recreational travelers. On Wednesday, the company announced the launch of its own travel insurance website, ISGTravel.com. ISGTravel bills itself as a state-of-the art platform powered by InsuraGuest’s proprietary insuratech […]