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]
Quarterly revenue reached $86.6M, up 74% year-over-year. For the first time, the meal-kit provider & online grocer reported positive Net Income and positive EBITDA. Buoyed by the financial results, Goodfood announced a C$35 million bought deal financing at a price of C$6.05 per share. [more]
Drill program planned at the Sir Harry Oakes Project in the Matachewan Gold District of Ontario and expenditures at the joint-venture Bruell Gold Project, east of Val D’Or, Quebec, operated by Eldorado Gold [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]
In June, McEwen Mining led the way with 776 g/t Au over 2.4 metres, with other good results from Superior Gold, Osisko Mining, Great Bear Resources and Alkane Resources. [more]
Peak’s revenue in Q1/2020 was $3.9M, up over 300% year-over-year, even with the Covid-19 pandemic impacting operations in China. Peak’s revenue benefited late in Q1/2020 from the Company’s lending platforms being used to help distribute government relief funds to SME’s that were affected by the coronavirus. [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]
PopReach generates revenue through the acquisition of mobile game franchises and maximizes margins through user optimization and retention, coupled with expense reduction. Existing 12-title portfolio includes Smurfs Village, Bakery Blitz and War of Nations. [more]
Berkshire Hathaway Energy, a subsidiary of Berkshire Hathaway Inc., announced that it had acquired Dominion Energy’s natural gas transmission and storage assets in a deal valued at US$9.7B, deploying some of Berkshire’s US$137B cash reserves into a dividend-paying asset. [more]
Only 6 pure-play, non-penny cannabis stocks are higher year-to-date out of a total of 300 actively traded cannabis stocks listed on the various North American stock exchanges. The 6 stocks are up 7.4% YTD on average. [more]
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