James Wagner Sees Trichome Set Base Offer of $11.95 Million For All Assets
James E. Wagner Cultivation (TSXH: JWCA) has received approval to begin the Sale and Investor Solicitation Process (SISP) under its previously announced court-ordered creditor protection. Under the process, Trichome Financial (CSE: TFC) has submitted its previously agreed to stalking-horse bid for all of James Wagner’s assets. The sale and investor solicitation process is to be […]
Aurora Cannabis To Conduct 12 to 1 Reverse Split, Launch New ATM Program
Aurora Cannabis (TSX: ACB) (NYSE: ACB) has given in. It has finally announced that it will be conducting a share consolidation as a result of not meeting NYSE minimum listing requirements. The reverse split will see the company roll back its currently outstanding shares on a 1 for 12 basis. The share consolidation is to […]
Gold Prices Could Reach $20,000, Chairman of Franco Nevada Makes the Prediction
Pierre Lassonde, who is a well-known Canadian businessman and philanthropist, in addition to being a chairman of Franco Nevada, has made predictions on the future price of gold, suggesting it could go up to $20,000 within the next 2 to 5 years. Given the current supply chain disruptions, he is anticipating that gold prices will […]
OPEC+ Agrees To Production Cuts of 9.7 Million BPD
It appears that oil production cuts have finally been agreed upon, with OPEC+ members agreeing to cuts consisting of 9.7 million barrels per day in an effort to combat a reduction in oil demand. Despite the agreement, many are anticipating markets to open bearish, with the belief that much larger production cuts were already priced […]
Pending US Housing Crash? JPMorgan Chase To Require 20% Down Payment On New Home Sales
By all accounts, it appears that another real estate crash across the United States is drawing very, very near. Last night, Reuters published an exclusive report outlining that JPMorgan Chase (NYSE: JPM), the countries largest lender and fourth largest mortgage provider, would be modifying the terms that qualifies a borrower for a new mortgage as […]
Bond Junkies: Federal Reserve to Start Buying High Yield Corporate Bonds
In the duration of a month, over 16 million of unemployed Americans have been desperately scrambling to apply for a minuscule portion of the earmarked unemployment benefits, all while the Federal Reserve has taken yet a further step towards bailing out the least in need: Corporations rated triple B minus. This week, the Federal Reserve […]
IMF Report: Worst Global Down Turn Since the Great Depression
In piece that appeared on the International Monetary Fund’s website yesterday, the IMF indicated their upcoming outlook report will state that the global economy is suffering its worst recession since the Great Depression and how low income nations in Africa, Latin America and Asia at particularly high risk. The Effects of the Virus to the […]
Rice and Wheat Prices Skyrocket Amid Coronavirus Lockdowns
With half of the world under some some form of quarantine due to the dangerous coronavirus pandemic, the global food supply chain may soon be the subject of substantial disruptions. The coronavirus lockdowns have led to an escalation in panic buying and stockpiling, which in turn substantially increased the prices on staple foods, such as […]
Canntrust Confirms Delisting From NYSE, TSX
It seems that it’s all over for Canntrust Holdings (TSX: TRST) (NYSE: CTST) shareholders. The company confirmed within a news release last night that its equity will be delisted from the major exchanges, and that a cease trade order will remain on the equity. The delisting, which was all but previously confirmed by the company […]
Champignon Brands Signs Definitive Agreement To Acquire AltMed Capital
Champignon Brands (CSE: SHRM) has announced this evening that it will be acquiring alternative medicine company AltMed Capital in an all stock transaction. AltMed is a Canadian ketamine clinic operator, psychedelic medicine IP aggregator and novel drug discoverer. For those that follow the psychedelic space, the go-public event of AltMed was much anticipated. The company, […]