Husky shares rise and MEG stock plunges after oilsands takeover offer withdrawn

Husky shares rise and MEG stock plunges after oilsands takeover offer withdrawn
CALGARY — Shares in MEG Energy Corp. plunged Thursday morning after Husky Energy Inc. abandoned its hostile takeover bid for the company. Husky, the much larger of the two oilsands-producing Calgary firms, shocked observers when it announced it would not extend the offer that expired Wednesday without receiving the needed two-thirds support. “Although this doesn’t drastically alter our investment thesis on Husky, as it was fairly... Read More

Subscribe Technologies Corporate Update And 2019 Outlook

Subscribe Technologies Corporate Update And 2019 Outlook
VANCOUVER – Subscribe Technologies Inc. (CSE: SAAS, OTCQB: SRBBF, Frankfurt: 6GQ) has provided a corporate update from Paul Dickson, CEO of Subscribe Technologies Inc. 2018 was a highly productive year for Subscribe Technologies in terms of product development and strategic acquisitions. During the course of the year, the Company was able to advance their Gingerly.com Business Management Platform to a... Read More

Marijuana producer Canopy Growth granted hemp licence in New York

Marijuana producer Canopy Growth granted hemp licence in New York
SMITHS FALLS, Ont. — Canopy Growth Corp. says it has been granted a licence by New York State to process and produce hemp, a member of the cannabis plant family. The Ontario-based company is one of Canada’s biggest producers of legal cannabis products for medicinal and recreational use. Canopy says it plans to invest between US$100 million and US$150 million in its New... Read More

Aurora Cannabis buying Whistler Medical Marijuana in deal worth up to $175M

Aurora Cannabis buying Whistler Medical Marijuana in deal worth up to $175M
EDMONTON — Aurora Cannabis Inc. has signed a deal to buy Whistler Medical Marijuana Corp. in an all-stock deal worth up to $175 million, including certain milestone payments. Edmonton-based Aurora says the acquisition of the privately held company is expected to provide it with a suite of premium and organic certified products. Whistler operates two indoor licensed production facilities, include... Read More

Aben Resources Uncovers High-Grade Gold at the Justin Project Lost Ace Zone, Yukon Territory

Aben Resources Uncovers High-Grade Gold at the Justin Project Lost Ace Zone, Yukon Territory
VANCOUVER – Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) has provided a summary of exploration results from the 2018 exploration program on their 100% owned Justin Gold Project in the Yukon Territory. Work completed in 2018 included the collection of 19 channel and 28 chip samples from 5 trenches, 16 rock samples, 7 till samples and 240 soil samples with coverage totaling 6.0... Read More

Newmont Mining to buy Goldcorp to create one of world’s biggest gold producers

Newmont Mining to buy Goldcorp to create one of world’s biggest gold producers
VANCOUVER — Denver-based Newmont Mining Corp. and Goldcorp Inc. of Vancouver have agreed to combine their gold companies in a deal worth about US$10 billion. The companies announced today that Newmont will exchange 0.328 of a share and two cents for each of Goldcorp’s outstanding common shares. The deal has the unanimous support of the directors of both companies but requires... Read More

MetroCast acquisition pushes up Cogeco’s Q1 revenue, costs; profit declines

MetroCast acquisition pushes up Cogeco’s Q1 revenue, costs; profit declines
MONTREAL — An acquisition by Cogeco Inc.’s cable and internet segment pushed up first-quarter revenue, but profit was down due to higher costs associated with integrating and restructuring the business, the telecommunications company said Friday. The Montreal-based company says last year’s acquisition of the MetroCast cable systems by Cogeco Communications Inc. was the main reason Cogeco Inc.’s revenue increased to $674 million from... Read More

Postmedia’s Paul Godfrey passes baton to Andrew MacLeod, who takes on CEO’s job

Postmedia’s Paul Godfrey passes baton to Andrew MacLeod, who takes on CEO’s job
TORONTO — Postmedia Network Canada Corp. announced Thursday that Paul Godfrey is stepping down as CEO and will be succeeded by president and chief operating officer Andrew MacLeod. Godfrey, who has been Postmedia’s CEO since the company was founded in 2010, will stay on as executive chairman. MacLeod joined Postmedia in 2014 as chief commercial officer and was named chief operating officer in... Read More

TransCanada name change ‘de-emphasizes’ Canada for leery investors: analyst

TransCanada name change ‘de-emphasizes’ Canada for leery investors: analyst
CALGARY — A planned move by TransCanada Corp. to change its name to TC Energy will help it attract investors who are “leery” of putting money in anything Canadian given the country’s recent difficulty in building energy projects, a U.S.-based financial analyst said Wednesday. But the company and a Canadian financial analyst disagreed, saying the name change recognizes that TransCanada has... Read More