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Canadian Gold Corp. Closes First Tranche of Financing
Newsfile· 2024-12-13 21:30
Group 1 - Canadian Gold Corp. announced the initial closing of its private placement offering, issuing 2,631,579 flow-through shares at a price of $0.19 per share, resulting in gross proceeds of $500,000 [1] - The company paid $12,000 in finders fees related to this first tranche closing, with all securities subject to a four-month hold period [1] - Proceeds from the flow-through shares will be allocated to the company's Canadian exploration projects, qualifying as Canadian Exploration Expenditures (CEE) [2] Group 2 - Canadian Gold Corp. is focused on expanding the high-grade gold resource at the historic Tartan Mine in Flin Flon, Manitoba, which has a 2017 indicated mineral resource estimate of 240,000 oz gold and an inferred estimate of 37,000 oz gold [3] - The company holds a 100% interest in exploration properties in Ontario and Quebec, adjacent to major gold mines and development projects, including Canadian Malartic Mine, Hemlo Mine, and Hammond Reef Project [3] - Robert McEwen, founder and CEO of Goldcorp, is a significant shareholder, owning 35% of Canadian Gold Corp. [3]
STORZ & BICKEL Makes History as First Vaporizer Brand to Sponsor NYLON House During Miami Art Week
Prnewswire· 2024-12-12 20:20
Group 1 - STORZ & BICKEL showcased its luxury brand at the NYLON House during Miami Art Week, enhancing its reputation among upscale consumers [2] - The company's latest product, the VENTY, won "Vaporizer of the Year" at the 2024 EMJAYS International Cannabis Awards, recognized for its rapid heat-up time and medical-grade quality [2][3] - STORZ & BICKEL is a leader in high-end, medically certified cannabis vaporizers, committed to quality and innovation [4] Group 2 - The VOLCANO Bar experience highlighted STORZ & BICKEL's iconic vaporizers, providing a premium atmosphere for VIP guests [1] - The recognition from the EMJAYS awards reinforces STORZ & BICKEL's position as a premier provider of vaporization technology [3] - The company is based in Tuttlingen, Germany, and focuses on advancing vaporization technology for safe cannabis consumption [4]
Canopy Growth's Seasonal Essentials for Gifting, Gathering, and Unwinding
Prnewswire· 2024-12-04 12:30
Holiday cheer starts here—elevate the season with festive flavours and fresh favourites featuring the latest and greatest from Canopy's premium product portfolioSMITHS FALLS, ON, Dec. 4, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC), a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives, announced today the launch of two holiday-inspired cannabis products from Tweed, including a sugar-free Cranberry Ginger ...
3 Marijuana Stocks For Your Holiday Trading
Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™· 2024-11-27 14:40
Top Marijuana Stocks To Watch Before 2025What are marijuana stock investors searching for this holiday season? For starters, some companies have recently reported strong quarterly earnings. The better a company performs, the more intriguing it looks to people to invest in it. Right now, many cannabis companies are making headway outside of the public sector. For instance, there has been a rapid expansion of dispensaries opening across the United States.In addition to ancillary businesses that help with the ...
Canopy Growth Announces Mr. Luc Mongeau As The Company's Next CEO
Prnewswire· 2024-11-26 12:30
Core Insights - Canopy Growth has appointed Mr. Luc Mongeau as the new CEO, effective January 6, 2025, succeeding David Klein, who will transition to a special advisor role until August 31, 2025 [2][3][6] - Mr. Mongeau brings over 25 years of experience in the consumer packaged goods (CPG) sector, with a strong background in marketing, sales, supply chain operations, and mergers and acquisitions [4][6] - The company is focusing on asset-light expansion and achieving near-term profitability to capitalize on opportunities in the global cannabis market [2][3] Company Leadership Transition - Mr. Mongeau has been involved with Canopy Growth since early 2023 as a Board observer and became a Board member in February 2024, contributing to the company's strategic direction [2][3] - David Klein, the outgoing CEO, expressed confidence in Mr. Mongeau's leadership capabilities and will assist in the transition process [3][6] Company Positioning and Strategy - Canopy Growth is well-positioned for growth with a strong portfolio of well-known brands, a robust global medical cannabis business, and leading vaporizer technology from Storz & Bickel [3][8] - The company has established a comprehensive ecosystem to leverage opportunities in the U.S. THC market, including significant acquisitions such as approximately 77% of Lemurian, Inc. and 100% of Wana Brands [9] - Canopy Growth is committed to social equity, responsible use, and community reinvestment, aiming to enhance the understanding and acceptance of cannabis [10]
Canadian Gold Corp. Announces Non-Brokered Financing to Advance Phase 4 Exploration at Tartan
Newsfile· 2024-11-20 12:30
Canadian Gold Corp. Announces Non-Brokered Financing to Advance Phase 4 Exploration at TartanNovember 20, 2024 7:30 AM EST | Source: Canadian Gold Corp.Toronto, Ontario--(Newsfile Corp. - November 20, 2024) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") announces a non-brokered private placement offering of up to $750,000, by the issuance of flow-through common shares at a price of $0.19 per share.The proceeds raised from the issuance of flow-through common shares will be ...
Canopy Growth Launches Claybourne Infused Pre-Rolls in Canada
Prnewswire· 2024-11-20 12:30
Founded in 2017, Claybourne has built a reputation on originality and quality across California - one of the world's most competitive cannabis markets – helping redefine cannabis culture. Claybourne's Frosted Flyers Infused Pre-Rolls are the latest introduction from Canopy Growth into the rapidly growing and established infused segment in Canada. Since 2022, the pre-roll joint market in Canada has grown 94%1 – with infused pre-rolls now totalling 9.6% of the total recreational market2. "Claybourne Frosted F ...
Canadian Gold Corp. Clarification to News Improperly Disseminated by Third Party Wire Services
Newsfile· 2024-11-19 12:30
Core Viewpoint - Canadian Gold Corp. has clarified that recent news releases mistakenly attributed to the company were actually related to other public companies, and the relevant wire services have been notified to correct these errors [1][2]. Company Updates - Canadian Gold Corp. has only released three significant updates in the fall of 2024: - On November 14, 2024, the company reported that Phase 3 drilling at the Tartan Mine returned multiple high-grade intercepts, extending the main zone to the west and indicating excellent potential for resource expansion [3]. - On October 16, 2024, initial results from Phase 3 drilling at the Tartan Mine showed high-grade mineralization extending to the west at 7.3 grams per tonne (gpt) gold over 7.0 meters, along with the discovery of a potential new zone [3]. - On September 25, 2024, surface samples from Hammond Reef South returned 11.6 gpt gold, indicating an expanding new gold discovery, and the company received a provincial funding grant to advance exploration [3]. Company Profile - Canadian Gold Corp. is a mineral exploration and development company based in Toronto, focused on expanding the high-grade gold resource at the Tartan Mine in Flin Flon, Manitoba. The Tartan Mine has a 2017 indicated mineral resource estimate of 240,000 ounces of gold at 6.32 grams per tonne and an inferred estimate of 37,000 ounces at 4.89 grams per tonne [4]. - The company also holds a 100% interest in exploration properties in Ontario and Quebec, adjacent to major gold mines and development projects, including the Canadian Malartic Mine, Hemlo Mine, and Hammond Reef Project [4]. - Robert McEwen, founder and CEO of Goldcorp, is a significant shareholder, owning 35% of the company [4].
Canopy Growth(CGC) - 2025 Q2 - Earnings Call Transcript
2024-11-08 17:17
Canopy Growth Corporation (NASDAQ:CGC) Q2 2025 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Tyler Burns - Director of Investor Relations David Klein - Chief Executive Officer Judy Hong - Chief Financial Officer Conference Call Participants Aaron Grey - Alliance Global Partners Frederico Gomes - ATB Capital Markets Bill Kirk - ROTH Capital Partners Michael Lavery - Piper Sandler Matt Bottomley - Canaccord Genuity Pablo Zuanic - Zuanic & Associates Operator Good morning. My name ...
Canopy Growth Corporation (CGC) Reports Q2 Loss, Misses Revenue Estimates
ZACKS· 2024-11-08 14:46
Canopy Growth Corporation (CGC) came out with a quarterly loss of $0.95 per share versus the Zacks Consensus Estimate of a loss of $0.38. This compares to loss of $1.80 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -150%. A quarter ago, it was expected that this company would post a loss of $0.31 per share when it actually produced a loss of $0.37, delivering a surprise of -19.35%.Over the last four quarters, the company has ...