Azincourt Energy Prepares Winter Road For 2022 Exploration Program At East Preston Uranium Project
Azincourt Energy Corp. (TSXV: AAZ) reported today updates on its upcoming 2022 exploration program at the East Preston uranium project in the western Athabasca Basin, Saskatchewan. The firm is working on preparing the winter access road to the property in anticipation of a drilling program. The 73-kilometre road from Provincial Highway 955 to the planned […]
Great Panther Sees Chairman Resign
Great Panther Mining Limited (TSX: GPR) announced on Tuesday the resignation of David Garofalo from the chairmanship and as a member of the company’s board of directors. The move, effective immediately, is meant for Garofalo to “focus on other business commitments.” Garofalo became chair of the board in April 2020. Currently, he’s serving as chair and […]
Victoria’s Secret Looks To Conduct $250 Million In Share Buybacks By December 31
Victoria’s Secret & Co (NASDAQ: VSCO) is evidently looking to drive its share price higher in a hurry. The firm this morning announced an “accelerated” share repurchase agreement, which will see the company buyback $250 million in shares by the end of 2021. The arrangement for share buybacks has been entered into with Goldman Sachs, […]
Mind Medicine Closes The Year Out With Further Management Departures
Mind Medicine (NEO: MMED) has seen further management departures, following the departure of its CEO this past summer. Classified as “transitions,” the firm has lost both its Chief Technology Officer, as well as its Chief Scientific Officer. The first executive to depart, Bradford Cross, is said to have “transitioned from his role,” although the company […]
Aleafia Health Secures $12 Million Term Loan, $7 Million Receivables Credit Facility
Aleafia Health (TSX: AH) this morning did some juggling of its outstanding debt as a means to keep the lights on for a little longer. The firm has secured an additional credit facility, for proceeds of up to $19.0 million, while also extending other debt. The latest funding for the company is divided between a […]
Curaleaf To Pay $211 Million In Cash For Arizona Operator
One week after announcing its acquisition of a single dispensary in the state of Arizona, Curaleaf Holdings (CSE: CURA) appears to be looking to continue its expansion in the state. The firm yesterday morning announced that it has entered a definitive agreement to acquire Bloom Dispensaries. Bloom is a vertically integrated single state operator, whom […]
Galaxy Digital: BMO Reiterates $44.00 Price Target After Fireside Chat
On December 17th, BMO Capital Markets hosted a fireside chat with Michael Novogratz and Chris Ferraro, whom are the CEO and CIO of Galaxy Digital Holdings Ltd. (TSX: GLXY), respectively. In their note following the fireside chat, they reiterate their C$44 12-month price target and outperform rating on the stock. BMO believes that Galaxy has […]
Global Economic Output to Surpass $100 Trillion For First Time Ever in 2022
Global GDP levels are now forecast to exceed $100 trillion come next year, as economic effects stemming from the Covid-19 pandemic are expected to abate quicker than previously expected. According to a new report from the Centre for Economics and Business Research (CEBR) published on Sunday, analysts have upgraded their growth forecasts for the global […]
Equinox: BMO Lowers Price Target To $14.50 Follow Mercedes Mine Sale
On December 17th, Equinox Gold (TSX: EQX) announced that they reached an agreement to sell their Mercedes Gold Mine for US$125 million and a 2% net smelter return payable. The deal consists of $100 million in cash and 24,730,000 shares of Bear Creek, worth roughly $25 million. Equinox Gold currently has 12 analysts covering the […]
Anecdotal Evidence Points to Continued Downside Risk for Peloton Interactive
Occasionally, a company is beset by a stream of negative news that never seems to stop. The integrated fitness company, Peloton Interactive, Inc. (NASDAQ: PTON), appears to be boxed into that situation now. The shares have lost ~55% of their value in less than two months; nevertheless, the stock market is still ascribing an enterprise value (EV) to Peloton […]