Tilray May Own Up To 50% Of Hexo Under Revised Debt Deal
It appears that Tilray Brands (TSX: TLRY) may ultimately end up with a larger stake in Hexo Corp (TSX: HEXO) than previously expected via the purchase of certain outstanding debt. The two parties this morning announced amendments to the previously announced transaction, which appear on the surface to significantly benefit Tilray. The amendments will see […]
Voyager Digital Looks To Distance Itself From Celsius Amid Crypto Bank Run
Voyager Digital (TSX: VOYG) is looking to distance itself from Celsius following the ongoing implosion of that service. The firm this morning issued what it refers to as an update on its asset and risk management, in light of the events. Voyager referred to itself as having a “consistently high level of transparency,” a statement […]
Arctic Star Concludes Spring 2022 Diamond Exploration Program
Arctic Star Exploration (TSXV: ADD) has completed its spring exploration program at its flagship Diagras Diamond Project, found in the Northwest Territories. The firm conducted drilling, airborne, and ground geophysics under the spring program. In terms of geophysics, a total of 3,294.5 line kilometers were flown under a phase two program. The program reportedly generated […]
Digihost Acquires Property For New 55 MW Bitcoin Mining Facility Despite Bear Market
Digihost Technology (TSXV: DGHI) is focused on expanding its bitcoin mining operation, despite the total carnage we’ve seen in the sector in recent weeks. The firm this morning announced that it will be adding a 55 MW site to its operation. The company has agreed to purchase property in Alabama via an arrangement with Grede […]
US Economy Headed for Colossal Recession
America’s economy is about to plummet at Mach speed into a recession, despite optimistic virtue signalling from the Federal Reserve and the Biden Administration. According to Former Treasury Secretary Larry Summers, the US economy is in a very dire state and that the Fed’s forecasts are “much too optimistic” about the forthcoming state of the […]
Washington Pledges to Maintain Military Support in Wake of Chinese Aggression in Taiwan
The White House pledged to maintain its military capacity in Taiwan in response to an escalation of Chinese aggression in the region. During the IISS Shangri-La Dialogue defence forum in Singapore over the weekend, US defence secretary Lloyd Austin accused China’s army of acting aggressively towards Taiwan, exclaiming that America is prepared to preserve military […]
QYOU Media Adds To Distribution Via Popular Smart TV Platform
QYOU Media (TSXV: QYOU) has once again expanded its distribution. The firm this morning revealed that it has expanded its distribution on smart TV systems to that of the Oxygen Play platform. Brought to market via One Plus Smart TV’s, the content platform is said to have become a leader in mobile phone and smart […]
Crypto Black Monday: Celsius Suffers Liquidity Crisis, Plummets 70% in One Hour
Is this the beginning of the end? It appears that investors are finally getting cold feet following the Luna/Terra fallout, sparking a broader market selloff of risker assets and a bank run on crypto lender Celsius Network. On Sunday night, Celsius suddenly announced it will halt all withdrawals, transfers and swaps after traders continued to […]
Nevada King Begins 13,100 Metre Drill Program At Atlanta Mine
Nevada King Gold (TSXV: NKG) is putting recently raised funds to work exploring its Atlanta Gold Mine in Nevada. The firm this morning announced a drill program has got underway for the property, following the closing of a $4.5 million financing just last week and a $11.3 million financing in April. The latest program will […]
Max Resource Corp Expands URU Discovery Zone By 750 Metres
Max Resource Corp (TSXV: MAX) has seen an expansion of its URU discovery. The firm this morning announced that the discovery has been extended by 750 metres to the east following further chip channel sampling. The URU discovery is part of the URU zone, which is a total of 20 kilometres in length and found […]