Curaleaf: Haywood Reiterates $22 Price Target, Names Firm A Top Pick For 2022
On December 28th, Curaleaf Holdings (CSE: CURA) announced that they have entered into a definitive agreement to acquire Bloom Dispensaries for roughly US$211 million in cash, with $50 million being paid at the closing date, and $50/$50/$60 million on the first, second and third anniversary of the closing date. The deal is expected to close in […]
Tesla Recalls Over 475K Cars Over Trunk Latch, Camera Defects
Shares of Tesla (NASDAQ: TSLA) were sent falling on Thursday morning, after the EV maker revealed it will be recalling about 475,000 cars due to technical issues that may lead to an increased risk of road accidents. According to a report submitted to the National Highway Traffic Safety Administration (NHTSA), Tesla is preparing to recall […]
Richard Branson’s Virgin Orbit Closes SPAC Reverse Merger, Misses Fundraising Target
Richard Branson’s aerospace firm Virgin Orbit took its Nasdaq flight on Thursday. The firm’s parent company, Vieco USA, closed the previously announced business combination deal with special purpose acquisition company NextGen Acquisition Corp. II (Nasdaq: VORB). However, the merger was met with a lukewarm reaction from the market as it only manages to raise US$228 […]
Organic Garage Sees Q3 2021 Financials Decline: $5.9 Million In Revenue, $0.8 Million Net Loss
Organic Garage Ltd. (TSXV: OG) reported today the financial results for the third quarter 2021 ended October 31, 2021. The company reported quarterly revenue of $5.9 million, down from Q3 2020’s $6.9 million. The company is attributing the decrease to the subsiding overstocking impact of COVID-19. The quarterly numbers also did not get any material contribution […]
DigiMax Vows To Concentrate On Revenue Growth In 2022
In an update report for 2021, DigiMax Global (CSE: DIGI) said its shareholders can expect “an ongoing concentration on revenue growth” in 2022. This comes after the firm acknowledged not meeting its revenue targets this year. For the first nine months in 2021, the company reported $0.07 million in revenue and $7.6 million in net losses, […]
Victory Square Completes Special Share Dividend Issuance Of Interest In Portfolio Company
Victory Square Technologies Inc. (CSE: VST) announced today that it has completed the issuance of the previously announced special common share dividend. The company’s shareholders have received a total of 9.0 million shares in the capital of its portfolio company Fantasy 360 Technologies Inc. (CSE: VRAR) whom is doing business as Immersive Tech. The special […]
Mako Mining Gets 10-Year Drilling Permit For La Segoviana Concession
Mako Mining Corp (TSXV: MKO) reported yesterday morning that it has secured an exploration permit for the La Segoviana concession. The permit was granted by the Ministry of Environmental and Natural Resources in Nicaragua. The concession was granted to the mining firm in 2020. The permit comes a month after the company received drilling permits for […]
Cineplex Keeps Financial Covenant Testing Suspended With Creditors
Cineplex Inc. (TSX: CGX) announced on Thursday the fourth amendment to its credit agreement with its lenders. This provides for the continuance of the delay in financial covenant testing until Q2 2022. According to the amendment, the suspension is expected to remain in place until certain conditions are met, including a minimum monthly liquidity threshold. […]
Stelco Joins Electric Vehicle Battery Market With German Recycler Primobius
Stelco Holdings Inc. (TSX: STLC) is making a move to enter the electric vehicle battery game. The Canadian steelmaker has executed licensing and option agreements with German battery recycler Primobius GmbH. “Stelco has reached an agreement that will enable Stelco to create a closed-loop system of auto recycling and provision of green steel and battery […]
CryptoStar Shutters Alberta Facility After Power Provider Shuts Down
Tis the season for bad news, and did CryptoStar Corp (TSXV: CSTR) deliver this morning! The company this morning provided an update on its operations in Alberta, Canada as they related to data center operations, in which they state that the facility has effectively been shut down. It seems that Avila Energy, whom the firm […]