Nexo Reportedly Mulling Acquisition Of Troubled Crypto Lender Vauld
A day after halting withdrawals, trading, and deposits on its platform, Vauld is reportedly in discussions to sell out to another crypto lender. The firm has reportedly entered into a term sheet with Nexo, pending due diligence. Reported by CoinDesk earlier this morning, the transaction would see Nexo wholly acquire the crypto lender, as it […]
Dollarama To Repurchase Up To 7.5% Of Common Shares Under Renewed Share Buyback Program
Dollarama (TSX: DOL) is looking to give its share price a boost via the process of repurchasing shares. The firm this morning indicated it has received TSX approval to renew its normal course issuer bid. The program will see the company eligible to repurchase up to 18.7 million of its outstanding common shares, representing 7.5% […]
Auxly Sells Nova Scotia Facility For $6.0 Million
The trend of the sale of assets within the cannabis space amid poor market conditions plodded on today, with the announcement that Auxly Cannabis (TSX: XLY) has sold off a facility in Kentville, Nova Scotia. The facility, which previously was utilized to produce product under the firms Robinson’s brand, was shuttered in early February as […]
Alexco To Be Acquired By Hecla Mining For US$0.47 Per Share In All-Stock Deal
M&A activity continues within the Canadian resource sector, with the latest transaction occurring between Alexco Resources (TSX: AXU), and Hecla Mining (NYSE: HL). The transaction will see the largest silver producer in the US acquire one of the most promising silver properties in Canada. The transaction will see Alexco shareholders receive 0.116 shares of Hecla […]
Cognetivity Expands To Asian Market Via Pilot Program In Singapore
Cognetivity Neurosciences (CSE: CGN) continues to expand upon its global reach, this morning announcing its first step into the Asian market via a pilot program in Singapore. The pilot comes via a senior care network, a leading provider in its category. The arrangement will see the company enter a paid pilot program with lions Befrienders […]
Company Profile: Vortex Metals
Vortex Metals Inc. (TSXV: VMS) is an early-stage junior mineral exploration company focused on the discovery of large mineral deposits in North America. The company owns a 100% interest in three highly prospective drill ready copper/gold volcanogenic massive sulfide (VMS) properties in the state of Oaxaca, Mexico. The Oaxaca projects, the Riqueza Marina and the […]
Else Nutrition: Canaccord Cuts Target To $2.00 After Financing
On June 22, Else Nutrition (TSX: BABY) announced that it raised $7.29 million by selling 6,940,000 units at a price of $1.05 per unit. Each unit is comprised of one common share and one warrant, exercisable at $1.25, and is valid for 60 months. Else Nutrition says that this capital will be used “to fund […]
Europe’s Inflation Problem Looks Much More Intractable Than Of North America’s
Bringing inflation down to more palatable levels is beginning to cause economic pain in both the U.S. and Canada, and considerable further pain in the form of interest rate hikes and a consequent slowdown in the economies of each country is a near certainty. However, the inflation-related problems faced by government leaders and central banks in […]
Tesla Posts “Highest Vehicle Production Month” In History Despite Production Hiccups
Tesla (Nasdaq: TSLA) on Saturday reported its preliminary Q2 2022 operating results, highlighting 254,695 deliveries for the quarter. This is lower than Q1 2022’s deliveries of 310,048 vehicles. The automaker, however, is taking the quarter’s results as a win “despite ongoing supply chain challenges and factory shutdowns beyond our control.” “June 2022 was the highest […]
“Bitcoin Is The Future”: El Salvador Spends $1.5 Million More In Bitcoin After Losing Over $60 Million
El Salvador’s President Nayid Bukele’s faith in bitcoin has yet to waver. He announced on Thursday that the government bought 80 more coins as the cryptocurrency went down to US$19,000 apiece, saying “Bitcoin is the future! Thanks for selling cheap.” The recent transaction adds to the country’s hoard of 2,301 BTC, which was bought at […]