TAAL Distributed Guides Q4 2021 Revenue At $13.75 – $14.25 Million
TAAL Distributed Information Technologies Inc. (CSE: TAAL) has released its preliminary revenue guidance for Q4 2021. The blockchain firm is expecting to record consolidated revenue of approximately $13.75 – $14.25 million for the three-month period. The company also projects to hold 70,000 bitcoin SV by the end of the quarter while it expects to spend […]
Crypto Investments In 2021 Surpass All Prior Years Combined
Venture capital funds have piled over $30 billion into cryptocurrencies this year, which is substantially more than all preceding years combined. According to a report from research firm PitchBook, crypto-based fintech companies have raised a total of $33.7 billion globally since the beginning of the year, which is almost four times the record amount of […]
Cypress Development Sees Petition Filed To Review Recently Acquired Water Permit
Days after closing the purchase of a permit for water rights, Cypress Development Corp (TSXV: CYP) announced yesterday that a petition was filed to review its approved application for a permit extension. An unnamed junior exploration company is said to be challenging the Nevada State Engineer’s approval of Intor Resources’ application for an extension of time […]
Wondr Gaming To Acquire Gamelancer For US$10.0 Million, 49% Stake In Company
Wondr Gaming (CSE: WDR) is looking to obtain some inorganic growth. The esports focused firm last night indicated that it has entered into a non-binding letter of intent to acquire Gamelancer in a cash and stock transaction. Gamelancer is reportedly the “largest Gen Z social gaming network,” with the company stating it has over a […]
Organigram To Pay $36 Million For Quebec-Based Cannabis Producer
Organigram Holdings (TSX: OGI) evidently intends to fix its profitability issues by acquiring additional cultivation capacity in Canada. The firm this morning indicated it has acquired Laurentian Organic, a Quebec-based licensed producer. The purchase does not come cheap, with Organigram paying a total of $36.0 million in initial consideration for the producer, with additional earnout […]
Mind Medicine Sees FDA Place Clinical Hold On Phase 2b Study
Mind Medicine (NEO: MMED) this morning indicated that things are not going quite to plan with an IND submission for a Phase 2b trial focused on examining the use of LSD for the treatment of generalized anxiety disorder. The FDA evidently has placed a clinical hold on the study. The justification for the clinical hold […]
Nikola Corp Ponies Up $125 Million In SEC Settlement Related To Fraud Charges
It appears that an SEC investigation into Nikola Corp (NASDAQ: NKLA) has resulted in the company being forced to pay hefty fines as a result of the findings. Notably, however, the company did not have to admit to the findings, and instead was able to settle while saving a little bit of face. In total, […]
Canada Nickel Secures US$10 Million Short Term Loan
Canada Nickel Company (TSXV: CNC) is evidently in need of further funding, despite conducting a bought deal financing earlier this year that was upsized from $10.0 million to $12.2 million. The firm has entered into a loan facility that is short term in nature. The loan facility, which provided the firm with US$10.0 million in […]
European Natural Gas Prices Sent Soaring as Freezing Temperatures Arrive
Natural gas prices across Europe were sent soaring this week, as flows through a major Russian pipeline have remained well below normal levels for over a month. European gas prices rose over 7% on Monday morning, with the price of TTF January futures reaching $1,730 per 1,000 cubic meters, or about €147 per megawatt hour. […]
European Central Bank Raises Inflation Projections, Cuts 2022 Growth Outlook
The European Central Bank has upwardly revised its inflation forecast and cut the growth outlook for next year, as persistent supply chain woes and fears over omicron variant threaten to slow down Europe’s economic recovery. The ECB now anticipates inflation will exceed the bank’s 2% control range this year and in 2022, before dissipating below […]