Tyson Foods Issues Grim Statement Regarding Food Supply Chain Disruptions amid Pandemic
Tyson Foods, which is one of the biggest meat processing companies in the US, recently issued a grim statement in the New York Times regarding food supplies amidst the growing coronavirus pandemic. Several major meat processing facilities had to recently shut down production due to coronavirus infections among employees. John Tyson, who is a board […]
Boeing Under Never-Ending Scrutiny: New Probe Launched On Debris Left Behind in Undelivered 737 MAX Aircraft
As if Boeing Co (NYSE: BA) hasn’t been dragged through the coals enough amid coronavirus air travel restrictions, the company now has yet another inconvenient problem biting at its heels: pursuant to Boeing’s 737 MAX disastrous fiasco, the company is now the subject of additional criminal probes by federal air safety regulators and Justice Department […]
1 in 3 Americans Have Experienced Financial Disruptions Amid Pandemic
Gallup recently released the results of data gathered between April 13 and 19 regarding the financial situations of working Americans, exposing the bare chaos as a result of the coronavirus pandemic. Since nationwide lockdowns and stay-at-home orders have been imposed across the country, many working-class Americans have found themselves laid off, resulting in significant income […]
Canopy Growth Lays Off 200 Additional Staff Members
Canopy Growth Corp (TSX: WEED) (NYSE: CGC) is laying off an additional 200 employees as per a report filed today by that of BNN Bloomberg. The layoffs will occur across Canada, the US and the United Kingdom as the firm looks to further reduce its operating expenses. While the company did not identify which departments […]
Steven Mnuchin: Those Receiving $2 Million Or More Under PPP To Be Audited
As part of the CARES Act, the US federal government unveiled the Paycheck Protection Program (PPP) as a means of providing immediate cash flow to small businesses battered by the coronavirus pandemic. Then, not even two weeks into the program, 1.6 million small businesses exhausted all of the earmarked $350 billion in available funds, while […]
iAnthus iLlustrated: A Graphic Look At GrowHealthy Operations In The Sunshine State
This author was not surprised by the asset write down included in the treatment of the fourth quarter balance sheet that we examined in the Project Greta post, having noted that the assets of MPX Bioceuticals and CBD for Life had been of questionable value since their acquisitions, and that Q4 would be their first […]
Revive Therapeutics To Investigate Novel Oral Dosage Forms Of Psilocybin
Revive Therapeutics (CSE: RVV) has provided an update to the market in regards to its psilocybin-based pharmaceutical program. Revive intends to utilize its patent-pending psilocybin formulations and its exclusive licensed drug delivery technology to investigate novel oral dosage forms of psilocybin, such as in the form of tablets or thin films like breath strips. It […]
Tinley Beverage Nears Final Licensing For Phase 3 Facility
The Tinley Beverage Co (CSE: TNY) this morning released an update for investors related to the licensing of its Long Beach, California facility. The facility has now passed three additional inspections at the phase 3 facility, bringing the firm near the finish line for final cannabis manufacturing licensing. To date, the firms flagship phase 3 […]
Lebanon Experiencing Mass Riots As Citizens Express Frustration Against Hyperinflation, Soaring Unemployment
A recent alarming development in Lebanon has really put into focus some of the dire situations the coronavirus has been leaving behind in its path of destruction. In just a short while, a bout of hyperinflation has cut the value of the Lebanese pound in half, sparking mass riots in the capital city of Tripoli. […]
Auxly Announces $25 Million Standby Convertible Debenture Facility
Auxly Cannabis (TSXV: XLY) this morning announced that it has secured up to $25.0 million in financing from a single institutional investor in the form of unsecured convertible debentures. The financing arrangement is referred to as a “standby facility” that can grant the company funds when it is needed. Under the terms of the arrangement, […]