Medmen Cancels Guidance, Amends GGP Facility, Names Interim Officers
Medmen Enterprises (CSE: MMEN) this morning released a corporate update that covered a range of topics, including additional funding from Gotham Green Partners, the removal of prior guidance, the appointment of interim executives, as well as the divesture of Illinois cultivation assets. Chief among this mornings updates is the revised funding agreement between that of […]
Oil Benchmark Briefly Sinks Below $20 In Sunday Evening Trading
The price of West Texas Intermediate (WTI), a benchmark for the price of oil, has set a new low in this evenings session following the announcement from US President Donald Trump that the country was expecting to see extended social distancing until at least April 30. The price of WTI broke below the level of […]
Max Acquires Ebay Palladium, Platinum and Rhodium Project
Colombia was the world’s main source of platinum until 1820 and the largest producer between 1917 and 1923. Up until 1920, nearly all PGE production came from placer deposits in Russia and Colombia. In fact, it was a fascination with Colombia’s platinum mining past that inspired management at Max Resource Corp. (TSX-V: MXR) to become the next […]
Corporate Welfare: New Fed Measures Will Make Taxpayers the Bagholder!
I spoke with a banker last week who said to me “from my view, the Fed’s balance sheet is like a fire hose trying to put out as many fires as it can.” Which certainly rings true, but given the big changes over the last couple weeks I think we can tweak the analogy; the […]
Champignon Brands To Acquire Psilocybin Research Firm Tassili Life Sciences
Last night, Champignon Brands (CSE: SHRM) announced that they have signed a definitive agreement to acquire Tassili Life Sciences Corp. Tassili is currently working in partnership with the University of Miami to develop effective psilocybin-based treatments for post traumatic stress disorder as well as mild traumatic brain injuries. The company is currently working with the […]
Steve Bannon is a Socialist: Merge the Fed and Treasury, Start Buying Corporate Debt
Prior to the Stimulus Package passing, an interview that fell under the radar last week was Steven Bannon on Fox News with Maria Bartiromo. Bannon served as White House Chief Strategist in the administration of U.S. President Donald Trump during the first seven months of Trump’s presidency. It’s hard to watch this and not ask […]
Bank Of Canada Aggressively Adding Provincial Bonds and Mortgages to their Balance Sheet
Last week the Bank of Canada announced sweeping new measures to add liquidity to the system. In an introduction, they indicated they would increase measures to keep the economy running as the virus continues disrupt everyday life: The COVID-19 pandemic represents a serious health threat to people around the world, and a significant disruption to […]
Paper Gold Further Disconnects From Physical Bullion
In a further sign of just how disconnected physical gold bullion pricing is from that of paper gold, last night BNN Bloomberg reported that South Africa has effectively shut down the export of refined gold to that of London, one of the world’s largest stores of the precious metal. As per the BNN Bloomberg’s report, […]
Western Canadian Select Falls To US$5.03 A Barrel
The price of the Canadian oil benchmark, Western Canadian Select, has been obliterated this week, sinking as low as US$5.03 in this mornings trading. This morning’s fall of $1.42 per barrel follows yesterday’s massive tumble of $2.45 per barrel to close the day at $6.45. The fall marks a second day of record lows for […]
Sundial Growers Pushes Earnings At Last Minute For Second Time
Sundial Growers (NASDAQ: SNDL) has pushed the filing of its fourth quarter earnings for the second time as of this morning, with the firm now set to release results on Monday, March 30. The second push has been attributed to discussions with lenders regarding modifying credit agreements. Originally set to release earnings on March 12, […]