Green Growth Brands CBD Business Unit Enters Receivership
Well, it appears that there is little interest in buying Green Growth Brands (CSE: GGB) CBD operation after all. This morning, the company announced that the entire CBD business unit would be going into receivership after completing the strategic review of the operation. The announcement follows the news from the company that it would be […]
True Leaf Seeks Creditor Protection, Files Notice of Intention
True Leaf Brands Inc (CSE: MJ) has initiated preparations for restructuring proceedings. As a result, the company is pursuing creditor protection via Notice of Intention, a method available under the Bankruptcy and Insolvency Act of Canada. Pursuant to True Leaf’s receipt of a Notice Event of Default, Investigation of Event of Default and Reservation Rights, […]
Mexico Lockdown Decreases Worlds Silver Production 23%
Like many other precious metals, the production of silver has now been significantly impacted by the ongoing coronavirus pandemic. Effective March 30, Mexico deemed that all non-essential operations in the country are to halt until at least April 30 as a means of combating the ongoing pandemic. With that, the country effectively knee-capped a quarter […]
Almost Half of Canadians Said They Were Insolvent BEFORE The Shutdown
In a survey completed by MNP on March 5th 2020, they found 29% of Canadians say they are insolvent with another 21% saying they are $200 from joining the club. At the end of 2019, Canadians had reached a record Consumer Debt of $1.99T, including mortgage debt of $1.34T; with an average mortgage price of […]
Oil Sees Wild Day Amid Tweets of Production Cuts From Trump
It was a day unlike any other for those that trade oil futures. A new record was set in today’s session, with oil spiking as much as 35% on the day as a result of a tweet issued by US President Donald Trump. Trump had indicated that supply would be cut for the black gold […]
Nextleaf Solutions Enters into Extraction Agreement with Ontario Cultivator
Nextleaf Solutions Ltd (CSE: OILS) has signed an extraction agreement with an Ontario cannabis producer, which will see the producer utilize its licensed greenhouse for cannabis cultivation to be further processed by Nextleaf. As per the agreement, the cannabis producer will cultivate cannabis for Nextleaf, who will then further process and refine the flowers into […]
Foreign Countries Are Dumping Treasuries at a Rate so Fast the US Had Set up a Foreign Repo Market
In a statement on Tuesday, the Federal Reserve bank the establishment of a temporary Repo Facility to help support the smooth functioning of financial markets in foreign countries called the FIMA Repo Facility. This new facility essentially prevents foreign central banks from forced liquidation of their treasury holdings into an illiquid treasury market during this […]
US Jobless Claims Hit 6.6 Million; Nearly Doubling Last Week’s Record Number
This morning the Department of Labor updated the public on the number of initial jobless claims with a seasonally adjusted initial claims figure of 6,648,000; an increase of 3,341,000 from the previous week’s revised level. This marks the highest level of seasonally adjusted initial claims in the history of the seasonally adjusted series. The previous […]
Supreme Ships Truverra Product To Israel, Provides No Details
Supreme Cannabis (TSX: FIRE) has gone international. The company announced this morning that it has completed its first shipment of cannabis product to Israel, via a supply agreement it has established with Breath of Life International, also known as BOL Pharma. Product was shipped under the Truverra brand of cannabis products. While the company’s news […]
Max Resource Releases Further Assays, New Discovery At Cesar Property
Max Resource Corp (TSXV: MXR) this morning has released further results for its Cesar project in northeast Colombia. Rock chip assays conducted at the AM South location of the project have returned results of 3.5% copper and 25 grams per tonne over a 10m by 2m panel, which came from sample 303. Mineralization of the […]