Could There Be a Global Food Shortage? You Betcha’
The COVID-19 pandemic has led to the UN warning the public about the possibility of a food shortage. In a quick Q&A posted on the UN’s website, they pose the question, is there a risk that we will run out of food? The United Nations acknowledges the risk is real, but can be mitigated with […]
Market Movers: Tinley Beverage Co
Tinley Beverage Co (CSE: TNY) is currently up 18% on volume of 196,048 making it one of today’s market movers. The equity has peaked as high as $0.33 in intraday trading before falling slightly to the current price of $0.295. The bullish movement in the equity follows yesterdays announcement that the company has passed its […]
Consumer Confidence Falls to Lowest Level since March 2017; Dropping 9.5%
This morning the The Conference Board announced the Consumer Confidence Index declined sharply dropping 9.5% in March, following an increase in February. The Index now stands at 120.0 (1985=100), down from 132.6 in February. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – decreased from 169.3 to 167.7. The […]
Canntrust Obtains Creditor Protection, Anticipates TSX, NYSE Delisting
Canntrust Holdings (TSX: TRST) (NYSE: CTST) this morning announced that it has entered into creditor protection as a means of protecting the firm while it engages in correcting several issues with its operation, including the completion of its remediation plans. Further, the company expects to be delisted from the New York Stock Exchange and Toronto […]
Goldman Sachs Forecats Q2 GDP Crashing 34% in US w/ 15% Unemployment
This morning Goldman Sachs released a new forecast for Q3 US GDP and showing a 34% annualized decline and reaching 15% unemployment. The new outlook shows a deeper recession than the previous report last week which predicted 9 percent unemployment and a 24 percent decline in Q2 GDP. Goldman sees the virus causing an economic […]
Valens Company Granted Conditional Approval to Uplist to TSX
The Valens Company (TSXV: VLNS) has been granted conditional approval to uplist to the Toronto Stock Exchange from the TSX Venture Exchange. Currently, the approval for Valens to uplist is only conditional; final approval will be granted once the company successfully concludes all the remaining conditions as per requirements of the Toronto Stock Exchange. Once […]
Champignon Brands Adds Key Pharmacognosist to its Special Advisory Committee
This morning Champignon Brands Inc (CSE: SHRM) announced the appointment of Mr. Jay Kheita, ACPR, to its Special Advisory Committee, where he will help lead the integration of Champignon’s novel and natural treatment protocols into their existing consumer packaged goods portfolio. Khetia holds pharmacy licences in Canada, Australia and England. A graduate of the University […]
Zenabis Global Reports Q4 Revenues of $17.9 Million, Loss of $98.7 Million
Zenabis Global (TSX: ZENA) reported their fourth quarter 2019 and full fiscal 2019 earnings late last night, managing to file the required documents minutes before the deadline. The company followed it up with a 1:00 AM news release to the market, reporting fourth quarter revenues of $17.9 million compared to $12.0 million in the prior […]
CloudMD Launches Flagship Telemedicine App In Ontario
CloudMD Software & Services (CSE: DOC) has officially launched its flagship telemedicine app for use in the Province of Ontario. The app, which is free to use, will enable Ontarians to book same-day virtual visits with a licensed physician via real-time videoconferencing on the mobile app. The app, which initially launched in British Columbia a […]
Sundial Revenues Decline 32%, Company Forced To Sell UK Assets
Sundial Growers (NASDAQ: SNDL) reported its fourth quarter and full fiscal 2019 late last night, filing less than a half hour from the final cut off time, beating only Zenabis Global (TSX: ZENA) to the filing deadline. For the fourth quarter of 2019, Sundial earned revenues of $23.06 million for the quarter, while posting a […]