As corporations across numerous industries continue to sit back and assess an uncertain economic future, the M&A environment is diverging between highly impacted companies pulling out of deals, while well positions companies with large cash balances take opportunities. [more]
Since Canada approved the sale of cannabis derivatives late last year, the high-margin cannabis beverage market quickly grew with the introduction of new products and brands, and an increase in M&A, financings, and other deals. [more]
In this past week’s PGC Conference, multiple panels and keynote speakers discussed the state of the gaming industry’s M&A and funding environment considering the COVID-19 pandemic, including speakers from companies such as Agnitio Capital, CVCapital, Execution Labs, Fundamentally Games, NCSoft, Stillfront Group, and Transcend Fund. [more]
Stock price doubles in the first week and market cap briefly surpasses Ford with $10B in pre-booked revenue but sales forecasted to start only in 2021. [more]
Top deals include Equinox Gold receiving $145M from the exercise of warrants, Fortuna Silver Mines closing a US$69M bought deal financing, and Bluestone Resources closing a C$92M bought deal equity financing. [more]
Zynga, an American game developer best known for its Facebook game Farmville, acquires Peak Games with 100 game developers, puzzle makers and a game portfolio that includes Toon Blast and Toy Blast. [more]
Other major events and reports related to the cannabis industry include: Cannabis Treatments for COVID-19; Canopy Growth loses two executives; Green Thumb Industries triples revenue; Tilray hopes to be profitable by year-end; United Cannabis files for bankruptcy. [more]
SSR Mining and Alacer Gold merging; Adriatic Metals to acquire Tethyan Resource; and, Gold X & Gran Colombia trying to merge with Guyana Goldfields thwarting Silvercorp’s plan to merge with Guyana Goldfields [more]
Wheaton Precious Metals announced a $300M ATM program, Silvercrest raised a combined $128M with participation from SSR Mining, Osisko Gold Royalties completed an $85 million investment from Investissement Québec,… [more]
A summary of Barrick COO Catherine Raw’s “Mineral Outlook Luncheon” presentation at PDAC where she discusses the recent wave of M&A deals in the mining sector and why she believes they will continue. [more]
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