Coronaviral! Market Movers Takes On The Low-Float Pandemic Pops
There’s no panic like a pandemic. Equities markets of all kinds took another tumble Friday as traders tried to figure out just how quickly the world would be ending, and how they could go about making a buck off of it. Because, insomuch as equities markets are reflections of real businesses, and the indexes’ violent […]
Nutritional High To Sell Majority Stake In Business Unit Representing 99.1% of Revenues
Nutritional High (CSE: EAT) announced this week that it will be selling a controlling interest in its primary revenue generating asset Calyx Brands via a recently entered letter of intent. The move is being conducted as a means of receiving the capital injection required to keep the distribution operation running. The sale of Nutritional High’s […]
Pasha Brands Returns Assets & Unlocks Shares From Escrow, Announces Consolidation
Pasha Brands (CSE: CRFT) this week announced news of restructuring as well as the return of certain assets to the original vendors due to the inability to provide the cash required under the terms of the original agreement. Confusingly however, the vendor has retained the original shares issued in connection with arrangement and the company […]
TSX Exchange Resumes Normal Operations
Late last night, TMX Group (TSX: X) alerted the public via a news release that markets would return to normal operations as of Friday, February 28. The outage, which began affecting users at 1:51 PM on the TSX Alpha, had affected the entire market within a matter of ten minutes as order entry functions failed. […]
TSX Halted for Rest of Day due to Issue with Order Entry
This afternoon the TMX Group (TSX: X) announced they have halted the exchange for the rest of the day with a series of Tweets. The thread: UPDATE 1: TMX continues to investigate the problem with order entry on TSX and TSX ALPHA. Update to follow. UPDATE 2: A technical halt has been declared on TSX, […]
Tilray Sued By Four20 For $130 Million In Damages
It appears that the cannabis sector is just firing up in terms of lawsuits. Following iAnthus Capital’s announcement this morning that they had filed a lawsuit against a significant lender, BNN Bloomberg broke the story that Tilray Inc (NASDAQ: TLRY) has been sued by that of 420 Investments Ltd, the firm behind the Alberta-based Four20 […]
iAnthus Files Lawsuit Against Lender Oasis Investments
iAnthus Capital Holdings (CSE: IAN) has filed a lawsuit in the Ontario Superior Court of Justice against a current lender, Oasis Investments II Master Fund Ltd, as a result of the lender allegedly interfering with fund raising efforts being conducted by iAnthus. Oasis originally invested US$25 million into iAnthus back in March 2019, via an […]
Tetra Bio Pharma Strengthens Product Pipeline Via Co-Development Agreement
Tetra Bio Pharma (TSXV: TBP) has strengthened its product pipeline as of this morning, providing the company with new potential drug candidates following the approval of Caumz and Qixleef for marketing by the appropriate health agencies. The company has signed a co-development agreement with that of MAKScientific to enable the access to novel patented drug […]
CloudMD Scales Telemedicine App To Combat Coronavirus Outbreak
CloudMD Software & Services (CSE: DOC), formerly Premier Health Group, announced this morning that they are taking efforts to assist governments with combating the novel coronavirus. The company has reached out to multiple levels of government within Canada to determine how its telemedicine platform can be used best to limit exposure to the coronavirus. CloudMD’s […]
MedMen Posts Flat Revenues, Loss of $40.6 Million For Second Quarter
Medmen Enterprises (CSE: MMEN) filed their second quarter 2020 financials this evening after the bell, revealing revenues of $44.0 million for the thirteen week period ended December 28, 2019. The firm posted a net loss of $40.6 million for the quarter despite cost cutting measures the firm undertook during the quarter and subsequent to the […]