Yesterday | ||||
Hot Stocks
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Curaleaf announces launch of adult-use operations in Arizona »
14:50 01/22/21 01/2214:50 01/22/2114:50
CURLF
Curaleaf
Curaleaf Holdings… Curaleaf Holdings announced it will begin serving adult-use consumers across its eight dispensaries in Arizona. "Today Arizona became the 11th state to commence adult-use cannabis sales; the announcement comes after Proposition 207, the Smart and Safe Arizona Act, passed by a majority vote last November. Under the new law, adults 21 years of age or older may use, possess, or transfer up to one ounce of cannabis... Curaleaf is one of the first operators in the state to begin serving adult-use customers, and will do so effectively immediately at its eight existing dispensaries, with a ninth retail location opening in the coming months. In anticipation of customer demand, the company expects to increase its current team of 420 employees by 120 new hires in the immediate future. Curaleaf is actively operating dispensaries in nine medical-only states and eleven states that permit medical cannabis and have allowed adult-use cannabis," the company stated. ShowHide Related Items >><<
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Thursday | ||||
Syndicate
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Aurora Cannabis 12M share Spot Secondary priced at $10.45 »
21:15 01/21/21 01/2121:15 01/21/2121:15
ACB
Aurora Cannabis
BMO Capital and ATB… BMO Capital and ATB Capital Markets acted as joint book running managers for the offering. ShowHide Related Items >><<
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On The Fly
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Fly Intel: After-Hours Movers »
18:35 01/21/21 01/2118:35 01/21/2118:35
SIVB
SVB Financial
Western Alliance
Independent Bank
Bank OZK
Fluidigm
MediciNova
Sierra Wireless
Aldeyra
Amarin
IBM
Seagate
PPG
Intuitive Surgical
CSX
Precigen
Aurora Cannabis
Ford
Check out this evening's… ShowHide Related Items >><<
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Syndicate
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Aurora Cannabis announces $125M bought deal offering »
17:44 01/21/21 01/2117:44 01/21/2117:44
ACB
Aurora Cannabis
Aurora Cannabis has… Aurora Cannabis has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and ATB Capital Markets, under which the underwriters have agreed to buy on bought deal basis 12M units of the company, at a price of $10.45 per Unit for gross proceeds of approximately $125M. Each Unit will be comprised of one common share of the company and one half of one common share purchase warrant of the company. Each Warrant will be exercisable to acquire one common share of the company for a period of 36 months following the closing date of the Offering at an exercise price of $12.60 per Warrant Share, subject to adjustment in certain events. The net proceeds of the offering will be used for general corporate purposes, which may include opportunistically reducing debt. The company believes that the Offering fits with its broader strategy to have a strong balance sheet while maintaining maximum flexibility to invest and build towards being a leader in global cannabinoids. The closing of the Offering is expected to take place on or about January 26. ShowHide Related Items >><<
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Syndicate
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Aurora Cannabis announces $125M bought deal financing »
16:30 01/21/21 01/2116:30 01/21/2116:30
ACB
Aurora Cannabis
Aurora Cannabis announced… Aurora Cannabis announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and ATB Capital Markets, under which the underwriters have agreed to buy on bought deal basis 12M units of the company at a price of $10.45 per unit for gross proceeds of approximately $125M. Each unit will be comprised of one common share of the company and one half of one common share purchase warrant of the company. The net proceeds of the offering will be used for general corporate purposes, which may include opportunistically reducing debt. The company believes that the offering fits with its broader strategy to have a strong balance sheet while maintaining maximum flexibility to invest and build towards being a leader in global cannabinoids. The closing of the offering is expected to take place on or about January 26, and will be subject to customary conditions, including approvals of the Toronto Stock Exchange and the New York Stock Exchange. ShowHide Related Items >><<
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On The Fly
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Rising High: An exclusive talk with emulsion provider SoRSE Technology »
11:31 01/21/21 01/2111:31 01/21/2111:31
IGC
India Globalization Capital
Zynerba
Trulieve Cannabis
Tilray
General Cannabis
Cronos Group
Canopy Growth
CannTrust
CV Sciences
Aurora Cannabis
Aphria
In this edition of… ShowHide Related Items >><<
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Wednesday | ||||
Recommendations
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JPMorgan boosts GM target to $63, calls 'significant contender' in autonomous »
09:16 01/20/21 01/2009:16 01/20/2109:16
GM
General Motors
Microsoft
Tesla
JPMorgan analyst Ryan… JPMorgan analyst Ryan Brinkman raised the firm's price target on General Motors (GM) to $63 from $49 and reiterates an Overweight rating on the shares. Yesterday brought a fresh reminder that GM is a "significant contender" in autonomous driving and the future robo-taxi business that could entail, as Microsoft (MSFT) joined GM and Honda in another funding round, Brinkman tells investors in a research note. The analyst sees the development as "positive on a number of fronts. It marks Cruise at a post-money valuation of $30B, up significantly from $19B prior, and "lays bare just how inexpensive GM's core automotive operations really are," says Brinkman. He values GM's stake in Cruise at $19B, up from $11.9B prior. The analyst expects changes to way the investors are valuing the electric vehicle space. Investors will increasingly digest that Volkswagen and even Renault have now overtaken Tesla (TSLA) in electric vehicle sales in Europe, just as GM recently has in China with its Wuling HongGuang Mini electric vehicle, which moved 35,000 copies alone in December, says the analyst. ShowHide Related Items >><<
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Options
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Notable open interest changes for January 20th »
08:55 01/20/21 01/2008:55 01/20/2108:55
AAPL
Apple
Tesla
General Motors
BlackBerry
Tuesday's total… Tuesday's total option volume of 37.2 million contracts resulted in net open interest growth of 7.62 million calls and 5.78 million puts. Apple (AAPL), Tesla (TSLA), General Motors (GM) and BlackBerry (BB) saw the greatest growth. Top five new positions opened include 60k PG&E (PCG) Jun-21 15 calls, 55k Tesla (TSLA) Feb-21 20 puts, 48k General Electric (GE) Mar-21 9 puts, 46k XP Inc (XP) Feb-21 34 puts and 33k Teva (TEVA) Jan-22 12 calls. ShowHide Related Items >><<
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Recommendations
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Curaleaf price target raised to $20 from $14 at Roth Capital »
08:23 01/20/21 01/2008:23 01/20/2108:23
CURLF
Curaleaf
Roth Capital analyst… Roth Capital analyst Scott Fortune raised the firm's price target on Curaleaf to $20 from $14 and keeps a Buy rating on the shares. The analyst notes that Curaleaf recently closed on an offering of about 19.0M subordinate voting shares for gross proceeds of about $250M and a revolving credit facility up to $50M, which provides the company with $400M cash to further consolidate the industry. Fortune sees expansion and scale across its footprint. ShowHide Related Items >><<
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Recommendations
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General Motors price target raised to $64 from $48 at Deutsche Bank »
07:39 01/20/21 01/2007:39 01/20/2107:39
GM
General Motors
Deutsche Bank analyst… Deutsche Bank analyst Emmanuel Rosner raised the firm's price target on General Motors to $64 from $48 and keeps a Buy rating on the shares. The analyst sees "strong" volume growth in 2021 for U.S. autos and an ongoing "solid" mix and pricing helped by easy compares, low inventories, and COVID-19-induced demand for comfort, privacy and protection. The Democrat victory in U.S. Congress could also result in demand upside from large federal spending on infrastructure and toward vehicle electrification, Rosner tells investors in a research note. He believes there is room for upside 2021 guidance surprises. ShowHide Related Items >><<
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