Voyager Digital Sees CEO, COO Enter Arrangements To Sell Shares
It appears that executives over at Voyager Digital (TSX: VOYG) are looking to hit the cash out button, at least partially. The firm this morning announced that two members of its executive team have entered into automatic securities disposition plans. The two executives that have entered such share sale plans include the firms CEO, Stephen […]
1933 Industries Sees Q1 Revenues Decline, Blames “Low Priced Flower Flooding The Market”
Is the state of Nevada about to head down the same path as California for the cannabis industry? 1933 Industries (CSE: TGIF) suggested as much this morning when they reported their Q1 2022 financing results, wherein they indicated their declining sales is a result of “low-priced flower flooding the market.” The firm this morning reported […]
Bitfarms Receives $100 Million Credit Facility From Galaxy Digital
Bitfarms Ltd (TSXV: BITF) is looking to expand its operations in a hurry through non-dilutive means, The firm this morning announced an arrangement with Galaxy Digital (TSX: GLXY), whereby it will borrow funds via a bitcoin-backed credit facility. The arrangement will see Bitfarms borrow a total of $100 million from Galaxy, in multiple tranches. The […]
Binance Slapped By OSC For “Unacceptable” Announcement For Ontario Crypto Investors
Evidently Binance has shot itself in the foot again when it comes to Canadian regulators. After announcing to its Ontario-based users that they no longer had to close their accounts by December 31, it seems the Ontario Securities Commission has slapped them back a notch, disputing statements made by the crypto exchange. The move by […]
Curaleaf: Canaccord Reiterates $22 Price Target Following Secured Note Issuance
On December 16th, Curaleaf Holdings (CSE: CURA) announced the closing of US$425 million 8% senior secured notes due 2026. Curaleaf said that the proceeds will be used to refinance existing debt, working capital, and to pay transaction fees and expenses. Then on December 21, Curaleaf announced that they closed an additional US$50 million worth of […]
Binance to Resume Services in Ontario After Registering As A MSB
Following a turbulent summer which saw Binance run into various regulatory issues spanning across numerous jurisdictions including Canada, the crypto exchange has finally received a license to provide its services in Ontario. According to a a statement from Binance to its users, the crypto exchange received a license allowing it to conduct foreign exchange dealing, […]
Education SPAC Aetherium Acquisition Prices US$100 Million IPO
Special purpose acquisition company Aetherium Acquisition Corp. (Nasdaq: GMFIU) started trading publicly on the Nasdaq Global Market today. The company is seeking to raise US$100 million in its initial public offering, which is expected to close on January 3, 2022. The offering consists of 10.0 million company units priced at US$10.00 per unit. Each unit […]
Mountain Province Diamonds Signs Non-Binding Agreement With Largest Shareholder For US$50 Million In New Debt
Mountain Province Diamonds Inc. (TSX: MPVD) is looking to strengthen its balance sheet. The firm announced on Wednesday night a non-binding term sheet with its largest shareholder, Dermot Desmond. According to the proposed agreement, Desmond is expected to issue approximately US$50 million in new notes secured subordinate to the company’s existing debt. The credit will […]
Revive Therapeutics Adds Turkish Subjects To Bucillamine Phase 3 Clinical Trial For COVID-19
Revive Therapeutics (CSE: RVV) announced on Wednesday that it has expanded its phase 3 clinical trial for oral drug bucillamine as a treatment for COVID-19. The firm has decided to fill a part of its patient enrollment quota in the trial with subjects outside the US, specifically from Eastern Europe such as patients in Turkey. The […]
Samsung In Talks To Acquire Biotech Firm Biogen In A US$42 Billion Deal
The Samsung Group is reportedly in negotiations to acquire biotech firm Biogen (Nasdaq: BIIB). The US firm approached the South Korean conglomerate for a proposed acquisition that is expected to be valued at more than 50 trillion won (US$42 billion). In a report by The Korean Economic Daily, investment banking sources disclosed on Wednesday the negotiations […]