SmallCapSteve: Seven 2022 Market Predictions
We’re not astrologists but we’ve got 2022 predictions! Instead of the stars, SmallCapSteve consulted the market’s numbers and trends to offer his fearless forecast of what’s coming this year. He ventured into his thoughts on what the Fed will do (1:50), what’s going to happen to big cap stocks (5:13), where gold will go (5:57), […]
Canadian Utilities Firm Algonquin Acquires New York American Water Company For US$608 Million
Algonquin Power & Utilities Corp. (TSX: AQN) announced on Monday the closing of the previously-announced acquisition of New York American Water Company, Inc. The transaction has a price tag of US$608 million. “We are pleased to complete this important water utility acquisition, and to bring New York American Water’s employees and customers into the Liberty family,” said […]
Sundial Growers Takes 7.3% Stake In Village Farms
Sundial Growers (NASDAQ: SNDL) continues to express interest in acquiring Canadian based cannabis operations. After multiple acquisitions last year, and the pending purchase of cannabis and alcohol retailer Alcanna Inc (TSX: CLIQ), the firm this morning disclosed it has invested in yet another Canadian cannabis name. It seems the company has taken a 7.3% stake […]
Marathon Digital Mines 3,197 Bitcoin In 2021, Projects 23.3 EH/s Hashrate By 2023
Marathon Digital Holdings (Nasdaq: MARA) announced on Monday its production updates, highlighting production of 3,197 self-mined bitcoin in the fiscal year 2021. This is a dramatic jump from its 2020 production of 338 bitcoin. In December 2021, the firm produced 484.5 self-mined bitcoin–its highest monthly yield to date. This is also higher than November 2021’s production […]
EnCore Energy Completes Acquisition Of ISR Firm Azarga Uranium
EnCore Energy Corp. (TSXV: EU) announced today the completion of the previously announced acquisition of Azarga Uranium (TSX: AZZ). The move is said to be another step in consolidating “an industry-leading pipeline of exploration and development stage in-situ recovery uranium projects.” The acquisition sits on a large resource base, with 90 million uranium pounds in […]
MindMed Concludes Phase 1 Clinical Trial Of Psychedelic Derivative Drug For Opioid Use Disorder
Mind Medicine Inc. (NEO: MMED), more commonly known as MindMed, has recently concluded the phase 1 clinical trial for its drug candidate 18-MC. The company’s proprietary molecule, a non-hallucinogenic derivative of psychedelic ibogaine, is being developed as treatment for opioid use disorder. “While ibogaine has been used and studied as a treatment for opioid addiction, […]
PureGold Produces 7,657 Gold Ounces In Q4 2021, Announces New CEO
Pure Gold Mining Inc. (TSXV: PGM) reported this morning its production updates and major changes in the executive team. The firm announced a quarterly production of 7,657 gold ounces in Q4 2021, a dip from its Q3 2021 production of 9,260 ounces. The mining firm processed a total 51,129 tonnes for the quarter (556 tonnes […]
Vejii Holdings Closes Purchase Of VEDGEco
While Vejii Holdings (CSE: VEJI) may have been one of many issuers to announce M&A transactions right before the holidays, they appear to be among the few that have already closed such transactions. The firm this morning indicated it has closed its previously announced acquisition of VedgeCo USA. The acquisition of VedgeCo, a plant-based wholesaler, […]
Pegasus Identifies New Copper Zone At Punch Bowl Property
Pegasus Resources (TSXV: PEGA) started out the year this morning by providing results of its 2021 summer prospecting program at its properties near Golden, British Columbia. The firm this morning provided the results of the prospecting program carried out at both the Gold Mountain and Punch Bowl properties in the region. At Gold Mountain, the […]
Aleafia Health Skips Interest Payment As It Looks To Negotiate With Holders Of $37.4 Million In Outstanding Debt
In a development that is perhaps surprising to absolutely no one, Aleafia Health (TSX: AH) announced this morning it is currently in negotiations with holders of its convertible debt. The debt comes due later this year, on June 27. Originally issued in June 2019, the debt at issuance raised proceeds of $40.3 million from the […]