WeedMD Responds To UFCW Notice To Bargain
WeedMD Inc (TSXV: WMD) this morning elected to publicly respond to the prior notice to bargain issued by the United Food Workers Association (UFCW). While the release was short, it quickly addressed the concerns raised by that of the UFCW in their prior release. First and foremost, WeedMD has indicated that the claims made by […]
Event Horizon: Bond ETFs on the Edge of the COVID Credit Crunch
Y’all want to see a chart? This one looks like a chart of the output from a Swiss watch in a Salvador Dali painting. The Bank of Montreal’s Ultra Short Term Bond ETF (TSX: ZST) is comprised of a bunch of bonds that are near their maturity. The product pays dividends monthly, so it used […]
Precision Drilling Mulls Reverse Split To Regain NYSE Compliance
Precision Drilling (TSX: PD) (NYSE: PDS) announced after the bell last night that the company has received a notice from the New York Stock Exchange indicating that it is currently in non-compliance with the exchanges continued listing standards for its share price. As a result, the company announced that it is consideration a share consolidation, […]
Senate Passes Stimulus Package Bill, House Vote Friday
Late Wednesday the US Senate passed the $2 trillion fiscal package aimed at stimulating and assisting the US economy through the crisis. The historic package passed with a 96-0 vote. Key highlights of the package include: $250 billion to make unemployment insurance enhancements. $301 billion in direct payments to households. $349 billion in loans to small […]
US Jobless Claims Hits Unadjusted Record of 2.89 Million; Up Over 1,000%
According to the US Department of Labor the week ending March 21, seasonally adjusted initial jobless claims was 3,283,000, an increase of 3,001,000 from the previous week’s revised level. Setting a record level of seasonally adjusted initial claims, from the previous high of 695,000 in October of 1982. The 4-week moving average was 998,250, an […]
Harvest And Verano Walk From Business Combination
The market has finally received an update from Harvest Health (CSE: HARV) on its proposed business combination with that of Verano Holdings, and simply, the result at this point in unsurprising. This morning the two firms announced the mutual termination of the agreement that was entered into nearly a year ago on April 22, 2019. […]
WeedMD Sees CFO Nichola Thompson Resign
Today, WeedMD Inc (TSXV: WMD) officially marked the end of an era with the announcement of the departure of chief financial officer Nichola Thompson, who will be leaving the company effective April 30, 2020. Taking her place will be that of Lincoln Greenidge, who comes to the company from that of LSC Lithium Corp. The […]
Medipharm Labs Launches Self-Branded Line Of Products
Medipharm Labs (TSX: LABS) is launching its first branded products to the Canadian marketplace. This morning, the company announced that it has launched its own line of products for consumption in the medical and recreational cannabis markets, beginning with CBD-focused oil. The first product to launch, referred to as the CBD Regular Formula 25, is […]
TGOD Cuts Majority Of Valleyfield Staff, Cuts Employee Wages 20%
The Green Organic Dutchman (TSX: TGOD) announced this evening that it has temporarily laid off the majority of its staff at its Valleyfield, Quebec facility following a decision to postpone operations in the province until later this year. The move was declared to be a cost cutting initiative in the face of changing market conditions. […]
Revive Selects Pharm-Olam As Contract Research Organization For Infectious Disease Study
This evening, Revive Therapeutics (CSE: RVV) announced that the company has signed with a contract research organization to advance its previously announced clinical study into the use of Bucillamine as a treatment for infectious diseases. Concurrently, Revive also announced the appointment of Dr Kelly McKee Jr. to the role of Chief Scientific Officer, as well […]