Speakeasy Signs $3.0 Million Term Sheet With 55% Interest
SpeakEasy Cannabis Club (CSE: EASY) announced this morning that it has secured $3.27 million in funding for its operation, which will go towards capital projects and general corporate purposes. The kicker, is that much of that is at an annual interest rate of 55%. The total funding amount for $3.27 million is broken into two […]
Charlotte’s Web Enters into Agreement to Acquire Abacus Health
Charlotte’s Web Holdings, Inc (TSX: CWEB) has entered into a definitive agreement with Abacus Health Products Inc (CSE: ABCS), following Charlotte’s Web’s previous proposal to purchase all of Abacus’s outstanding and issued subordinate voting shares, for a total consideration of $99 million. As per the terms of the agreement, all outstanding and issued Abacus shares […]
QE Infinity Aimed at Everything! Fed Announces New Asset Buying Program
This morning the Federal Reserve announced a series of new programs to help the markets through the Coronapocalypse. Including an open-ended commitment to keep buying assets under its quantitative easing measures, purchase of corporate bonds directly and via ETFs, and programs aimed at business lending to keeping credit flowing for student loans, business loans, auto […]
Betting the Bail Money Pt. 1: Retail Grocery
Gold broke through its floor at $1564 last week, indicating that the market doesn’t yet believe in the total apocalypse that the real world feels like. At least, not in the near term. The market thinks that the economy will take the money it is being fed, by the Fed, to keep everyone fed, and […]
PowerBand Platform Development Unaffected by Pandemic
PowerBand Solutions (TSXV: PBX) announced this morning that despite the ongoing global health crisis, the pandemic is having little effect on the firms operations. The company remains on track to secure major credit facilities, which will be made available on its cloud-based platform to consumers to facilitate the buying, selling, and trading of vehicles from […]
Organigram Receives License Amendment, Conducts Temporary Layoffs
Organigram Holdings (TSX: OGI) (NASDAQ: OGI) this morning announced that it has received amendments from Health Canada approving the phase 5 expansion recently completed by the company. Included in the approval is a two-floor production facility, which is expected to be used for all processing and packaging functions for the facility which includes all formats […]
Dow Futures Crushed yet Again: Halted, Hitting 5% Limit Down
This evening when the futures opened up after the weekend the markets continued to look dire with the Dow Futures hitting a limit down for the third Sunday in a row. This coming on a weekend where the coronavirus statistics continued to balloon as tests become more available. With Italy approaching 60,000 reported cases, the […]
Green Growth Brands Terminates Nearly Entire Staff
Last Thursday, cannabis and CBD retailer Green Growth Brands (CSE: GGB) issued a news release, which focused on the news that CEO Peter Horvath would be stepping down from his role with the company, both as a director and as an executive. Near the end of the release, the company also identified that its CBD […]
Mnuchin: Fed to Make $4 Trillion Dollars of Loans Available to Small Businesses, Plus $3k Cheque to Families
Sweet Jesus! This morning US Treasury Secretary Steven Mnuchin was on Fox Business and said the US will lend up to $4 trillion to businesses affected by the coronavirus pandemic, issue $3k cheques to families, cover payroll for businesses and more. Working with the Federal Reserve — we’ll have up to $4 trillion of liquidity […]
US Looking At $2 Trillion Stimulus Package
This morning, word’s out on the size of the stimulus package a group of bipartisan US senators are working towards. White House Economic Advisor Larry Kudlow told reporters they are making progress towards a package in excess of 10% of GDP, which would mean a value north of $2 trillion dollars. “The package is coming […]