Evergrande’s Major Shareholder Dumps Stake, Pushes Real Estate Developer Closer to Default
Despite narrowly making a series of overdue coupon payments on the eleventh hour, Evergrande’s financial crisis is far from over— if anything, it is just one step closer to an inevitable default. One of Evergrande’s largest shareholders and long-time supporters has decided to eliminate its stake in the embattled real estate developer, with plans to […]
Wealth Management SPAC Everest Consolidator Acquisition Prices US$150 Million IPO
Special purpose acquisition company Everest Consolidator Acquisition Corporation (NYSE: MNTN.U) went public on Wednesday on the New York Stock Exchange. The company is seeking to raise US$150.0 million through its initial public offering. The offering consists of 15.0 million company units priced at US$10.00 per unit. Each unit is composed of one Class A common […]
Numinus Wellness Parts With Chief Strategy Officer, Issues 2.0 Million Shares With Separation
Numinus Wellness Inc. (TSXV: NUMI) announced on Thursday that its Chief Strategy Officer Stacey Wallin is leaving the company. The responsibilities of the position have been currently transitioned “across [the firm’s] leadership team”. As part of the separation agreement, the company is issuing to Wallin 2.0 million common shares from treasury. Based on the company’s […]
Soma Gold Posts Revenue Of $11.3 Million, Net Income In Q3 2021
Soma Gold Corp. (TSXV: SOMA) reported on Thursday its financial results for Q3 2021, highlighting quarterly revenue of $11.3 million. This is an increase from Q2 2021’s revenue of $8.4 million and Q3 2020’s revenue of $11.1 million. The mining firm was able to sell 5,048 gold equivalent ounces during the quarter at an average […]
Eve & Co Records $2.5 Million In Revenue, $0.3 Million Net Loss In Q3 2021
Eve & Co Incorporated (TSXV: EVE) reported on Thursday its financial performance for the quarter ending September 30, 2021. The results highlighted a quarterly revenue of $2.5 million, up from Q3 2020’s revenue of $0.8 million. The cannabis firm highlighted that its revenue-to-date amounting to $6.5 million surpassed its annual 2020 gross revenue of $3.8 […]
Cresco Labs Completes US$90 Million Cure Pennsylvania Acquisition Deal
Cresco Labs (CSE: CL) disclosed on Thursday that it has closed the previously announced acquisition of Bay LLC, also known as Cure Pennsylvania. The firm announced in an earlier statement that the acquisition price is US$90 million. While there are no specific details relayed regarding the manner of settling the transaction cost, the cannabis firm already […]
Fed’s Key Inflation Gauge Posts Sharpest Increase Since 1990s
Yet another inflation indicator is flashing bright red for the 8374394589th consecutive month in a row, as supply bottlenecks, labour shortages, and a worsening global energy crisis send what were supposed to be only transitory price pressures beyond the exosphere. According to latest figures released by the Commerce Department, the personal consumption index jumped by […]
Numinus Wellness Announces Move To Toronto Stock Exchange
Numinus Wellness (TSV: NUMI) is set to be one of the next firms listed on the Toronto Stock Exchange. The company this morning announced that it has received conditional approval to graduate to the senior Canadian exchange. An estimated timeline for the graduation was not provided by the company, with the firm instead indicating that […]
St-Georges Moves Into The Hydrogen Space Via Binding Term Sheet
St-Georges Eco-Mining (CSE: SX) has apparently now made the jump to hydrogen. The company this morning announced that it has entered into a binding term sheet with Wintech Energy Co, a South Korean firm, for the tech and licensing related to “the greenest hydrogen on the market.” The binding term sheet is being executed via […]
Leveljump Takes Minority Stake In Radiology Service Provider
Leveljump Healthcare (TSXV: JUMP) is looking to expand its current portfolio. The company last night announced a minority investment in a firm focused on providing a nationwide radiology collaboration service across Canada. Leveljump has taken a 14.6% stake in Real Time Medical Inc, which it has acquired via the issuance of common shares. A total […]