CloudMD Turns To Public Sector For “Revenue Diversification”
After a series of M&A, CloudMD Software & Services Inc. (TSXV: DOC) seems to be looking now at the public sector to drive and diversify its already diversified revenue mix. The health tech firm announced today that it is establishing a public sector division to handle contracts with local government offices. “The public sector is […]
Kinross Gold Suspends Kupol Mine Operations In Russia – Its Biggest Operating Income Generator
Kinross Gold Corporation (TSX: K) announced on Wednesday its plans to suspend operations at its Kupol mine in Russia following the latter’s escalating invasion attack on Ukraine. This move follows a week after the mining firm released a statement, saying that its operations in the country “remain unaffected by U.S. sanctions.” “The company is also […]
Riverside Resources Begins Drill Testing At Oakes Project
Exploration has begun for Riverside Resources (TSXV: RRI) at its Oakes Project. Found within the Geraldton Gold Belt of Ontario, the project is wholly owned by the company, with the exploration program being entirely self funded following the closing of a small flow through financing by the company. The exploratory work to be conducted by […]
Hut 8 Achieves February Production of 10.3 Bitcoin Per Day
The production numbers for February 2022 are out for Hut 8 Mining (TSX: HUT). It appears the firm took a slight step backwards in terms of total bitcoin mined during the month due to February being a short month, with the firm instead highlighting its “record bitcoin holdings.” Production for the month amounted to 289 […]
Tilray Quietly Announces US$400 Million At-The-Market Financing
Tilray Brands (TSX: TLRY) this morning attempted to quietly announce that it will be conducting a large at-the-market equity offering. The details of the financing were included at the tail end of a press release that focused on highlighting a strategic alliance with rival cannabis producer Hexo Corp (TSX: HEXO). The financing will see the […]
NG Energy Receives Final License Required For Maria Conchita Block To Enter Production
NG Energy International (TSXV: GASX) continues to inch closer to finally achieving natural gas production at its Maria Conchita concession block in Colombia. The firm this morning revealed that it has received an amended environmental license from the National Authority, which now includes the Aruchara-1 well. The granting of the license permits the company to […]
Tilray Looks To Buy US$211 Million In Hexo Debt, Enter Strategic Alliance
In a sign that the Canadian cannabis operators continue to struggle, especially in terms of sourcing additional risk capital given the poor track record of the industry, two of the largest names in the sector are now working together under a proposed strategic alliance. Tilray Brands (TSX: TLRY) and Hexo Corp (TSX: HEXO) are reportedly […]
Global Carbon Looks To Raise $35 Million Ahead Of Going Public
Global Carbon Credit Corp on Tuesday announced that it intends to conduct its next round of financing as it prepares to go public later this year. The firm will see a best efforts private placement conducted, in a financing led by Haywood Securities, Canaccord Genuity, and BMO Capital Markets. The financing looks to raise gross […]
Russian Oligarchs Move Superyachts, Sell Properties As The US And EU Prepare To Go After Assets
Russian oligarchs are bracing for impact as the United States and its allies prepare for another round of sanctions following the invasion of Ukraine. According to the Bloomberg Billionaires Index, the country’s elite, who rank among the 500 richest in the world, have lost a combined US$83 billion this year. On top of these losses, […]
Crude Prices Surge to $110; Natural Gas Price Hits Record-High
It’s been another wild day for commodity markets, as broadening Western sanctions over Russia’s invasion of Ukraine spark fears of oil and gas supply disruptions. Crude oil prices skyrocketed as high as $112 per barrel during Wednesday’s trading session, with markets bracing for potential supply disruptions as the Russia-Ukraine crisis continues to escalate. “Oil has […]