TerrAscend CEO Steps Down, Ackerman Named Interim Replacement
TerrAscend Corp (CSE: TER) this morning announced management changes as it continues to focus on its US-based operations. Co-founder and Chief Executive Michael Nashat will be stepping down from his role, while Executive Chairman Jason Ackerman will be taking over the role on an interim basis. The reason for the change in leadership is stated […]
Will The Medipharm Labs Statement Of Claim Cause Further Issue For Hexo Corp?
It’s been revealed today by that of BNN Bloomberg that Medipharm Labs’ (TSX: LABS) statement of claim has in fact been filed against Hexo Corp (TSX: HEXO) (NYSE: HEXO). The claim, which is in excess of $9.8 million, is related to concentrate product that was delivered and never paid for, as well as for unpaid […]
General Motors to Start Building Autonomous Vehicles and EVs in Detroit
This morning General Motors (NYSE: GM) announced they will invest $2.2 billion into their Detroit-Hamtramck assembly plant to produce all-electric trucks, SUVs, and self-driving vehicles. The automaker will invest an additional $800 million in supplier tooling and other projects related to the launch of the new electric trucks. Through this investment, GM is taking a […]
PharmaCielo Enters Supply Agreement With Xphyto Therapeutics
PharmaCieolo Ltd. (TSXV: PCLO) has announced a supply agreement with Xphyto Therapeutics Corp (CSE: XPHY). The three year agreement will see PharmaCielo provide Xphyto with medical grade cannabis derivatives such as THC isolates and oil extracts which after further development, processing, and manufacturing, will be destined for the German cannabis market. As per the agreement, […]
Evolve ETFs To Shutter USMJ, SEED Cannabis Funds
Evolve Funds Group announced this morning that it will be shuttering a number of its current electronically traded funds (ETF’s), which include two cannabis-focused funds. The funds are expected to close by March 30, 2020, with no reason being provided for the closure. Collectively, the funds to close will be that of Evolve North American […]
High Tide Acquires Ontario Canna Cabana Retail Location
High Tide Inc (CSE: HITI) this morning became one of the first public firms to fully own an Ontario retail operator. The firm announced this morning that it has completed the acquisition of a Canna Cabana location within the province as it works its way through acquiring all three currently operating locations within Ontario. The […]
MustGrow Biologics Files Patents For Bio-Herbicide
MustGrow Biologics Corp (CSE: MGRO) announced this morning that it has filed a number of patents related to its natural, mustard-derived technology in the field of herbicides. The patents aim to protect the firms intellectual property, which currently focuses on using the natural defenses of the mustard-seed in a commercial application as both a herbicide […]
Sunniva Shutters Subsidiary Operations To Conserve Funds
Sunniva Inc (CSE: SNN) announced that it is shuttering the operations of one of its subsidiaries this morning in a bid to further conserve cash. The firm is currently working on reallocating any of its cash to the legal fight it is currently in related to the Sunniva Production Campus in Cathedral City, California. The […]
Market Movers: Bluestone Resources
Bluestone Resources (TSXV: BSR) was a low-volume gold stock until Friday January 24th, when it did 938,000 shares in volume – more than it had traded the rest of the month put together – to close up $0.05 at $1.52. Relatively speaking, it’s still a low-volume gold stock, but it’s one that’s sprung to life, […]
Medipharm Labs Files Statement Of Claim Against Undisclosed Producer
Medipharm Labs (TSX: LABS) issued a typical Friday evening release today, identifying that the company has filed a statement of claim in the Ontario Superior Court of Justice. The claim is being made against a licensed producer with which the company has been working with since February 2019. The claim is being made against the […]