Berkshire exits positions in banks, financial firms, and airlines, while entering a position in Barrick Gold; Paulson & Co. exits positions in Allergen , Spring Corp, and Tech Data; and Pershing Square exits positions in Berkshire Hathaway, Blackstone / GSO Credit Fund, and Park Hotels & Resorts. [more]
The 2020 drill program will test east of the Jaclyn North Zone, along strike and in areas of high-grade quartz boulders, and also include in-fill drilling of the Jaclyn Main Zone. The company plans to build on its 2018 NI 43-101 mineral resource estimate for the Jacelyn Main Zone containing a capped Inferred Resource of 106,400 ounces of gold. [more]
This past quarter, Canadian cannabis companies focused on consolidating operations, adjusting asset valuations, and launching Cannabis 2.0 derivative products. While in the U.S., cannabis companies increased production capacity and scaled retail stores in order to be ready when federal legalization of cannabis becomes a reality. [more]
New 33-page Initiation Equity Research Report on XORTX, with a Speculative Buy rating and one-year price target of $2.30/share. The Company has two potential late stage drugs in development focused on kidney diseases that could initiate pivotal Phase 3 clinical trials in the next 12 months. [more]
In Canada, e-scooter companies Bird, Lime, and Roll launched the first e-scooter pilot in Ontario. However, the micro-mobility industry experienced a major complication as three deaths were reported in the U.S. on mopeds serviced by Revel Transit. [more]
With a market cap of $200M, New Found Gold closed an IPO financing last week to become the newest listed Newfoundland gold explorer. With a shareholder base that includes Palisades Goldcorp, Eric Sprott, Novo Resources, and Rob McEwen, the Company is focusing on the Queensway project, following up on previous drill results that included 92.9 g/t gold over 19.0 metres. [more]
The commercial real-estate market was significantly impacted by the COVID-19 pandemic, leaving retail businesses and tenants unable to pay rent as sales dried up. As tenants vacate stores, the U.S. outdoor shopping center market net absorption reached a record low of negative 7.7 million square feet. [more]
Since launching their IPOs last week, Rocket Companies and BigCommerce experienced an increase in stock price of 22% and 219%, respectively. However, Rackspace struggled as its stock price dropped by over 20% since its IPO. [more]
Vegaste Technologies focuses on the online distribution of plant-based food and beverages in North America. The Company operates PlantX, an online meal delivery platform and website for people interested in plant-based and vegan food. [more]
Quarterly sales were up over 21% to $22.8B with digital sales growing 276% and Net Income reaching $586M in FQ1/2020, up from $49 million in FQ1/2019, but the stock price remains below recent IPO price. [more]
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