Last week, Canada started rolling out Phase 3 of the re-opening guidelines for businesses with indoor retail operations to start offering more services. However, several months of prolonged lockdowns already forced small businesses to close and larger corporations to pull operations out of Canada. [more]
This week, Vindex, a pure-play Esports content and event production company, announced the acquisition of the Belong Gaming Arenas brand from GAME Digital. Belong Gaming operates Esports tournaments and events in physical gaming centres with video game PCs and consoles. [more]
The top six banks in the U.S. reported Q2/2020 earnings and struggled with consumer and retail banking divisions due to the COVID-19 pandemic enforcing social isolation guidelines. However, most banks maintained dividend payments due to strong growth in investment banking and sales & trading divisions. [more]
Last week, Analog Devices announced a $21B all-stock acquisition of Maxim Integrated Products. The two semiconductor businesses will complement each other as Maxim’s expertise in the automotive and data centre markets will be merged with Analog Devices’ experience in industrial, communication, and healthcare markets. [more]
The video game and eSports betting industries experienced significant growth and deal activity as larger publishers announced acquisitions of various studios with proprietary game engines, while eSports focused betting platforms partnered with betting operators and networks. [more]
Earlier this month, California-based Perfect Day, a food technology company focused on plant-based dairy products, announced an expansion to its Series C funding round through a US$160 million investment led by the Canada Pension Plan Investment Board, increasing total proceeds to US$300 million. [more]
Last month, Canadian ETFs experienced C$4 billion in net inflows. The top two ETFs with the highest net inflows so far this year were Horizons S&P/TSX Capped Composite Index ETF and Horizons Canadian Select Universe Bond ETF, which together attracted C$2.5 billion in capital. [more]
Last week, Rivian, a private electric vehicle manufacturer backed by Amazon, announced a US$2.5 billion capital raise, aimed at ensuring the production launch in 2021 of its electric truck and SUV line, competing against Ford, General Motors, Nikola, Tesla, and Lordstown Motor. [more]
Rocket Companies’ flagship business, Rocket Mortgage, an online mortgage origination platform and app, reported over US$1 trillion in home loans to date, growing in market share to 9.2% in Q1/2020 from 1.3% in 2009, at a CAGR of 19%. [more]
Cannabis stock prices continue to be under pressure as the overall market struggles to find footing amid the coronavirus crisis with numerous companies announcing impairments, write-downs, deal adjustments, and financings. However, some companies continue to execute partnerships and launch new retail stores. [more]
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