Ford Resigns as CEO of iAnthus, Maslow Named Interim CEO
iAnthus Capital Holdings (CSE: IAN) has concluded its special committee investigation related to prior claims against the company that were circulated online. As a result, two claims against Hadley Ford were found to be substantiated, and as a result Ford has resigned from his position within the company. The claims that were substantiated include a […]
Behind The Scenes At iAnthus Capital. A Deep Dive Into “Project Greta”
It’s been a busy April over at iAnthus Capital Holdings (CSE: IAN). The company covered a lot of ground in its April 6th press release. The Deep Dive chose to focus on the company expressing that it would delay the filing of its Q4 and annual statements in our April 7th coverage of same, because […]
Bank of Japan: Increases Stimulus and Offers Unlimited QE
This morning the Bank of Japan cranked up their new stimulus with government measures aimed at supporting their economy through the pandemic. The BOJ’s program has three primary goals: Increasing Commercial Paper and Corporate Bond Buying Unlimited Government Bond Buying New Corporate Funding Measures Kuroda defended his efforts during a briefing after the decision. He […]
Supreme Cannabis Appoints Permanent CEO
The Supreme Cannabis Company (TSX: FIRE) this morning announced a permanent replacement for the CEO role following the departure of Nav Dhaliwal in early January from the firm. Beena Goldenberg, former CEO of Hain-Celestial Canada, has been appointed as Supreme’s new CEO and President of the company. With over thirty years experience in the consumer […]
Horizons ETFs Warns Investors Of Termination Rights On HOD, HOU
Horizons ETFs issued what essentially amounts to a warning this morning related to its BetaPro Crude Oil 2x Daily Bull ETF (TSX: HOU) and BetaPro Crude Oil -2x Daily Bear ETF (TSX: HOD) due to ongoing market volatility. The ETF operator issued a news release “reminding” investors that the derivative counterparties for these ETF’s are […]
Incoming Unemployment Data Paints Grim Picture of Economic Situation in the US
It is nearing a month since national lockdowns and social distancing measures were put in place, and thus far the data is painting a grim picture of how bad the economic downturn has really has hit the working class. At the beginning of the year, America’s unemployment rate was nearly non-existent; fast forward several months […]
Goldman Expecting Global Oil Storage to Reach Capacity in Coming Weeks
As previously reported, it is anticipated that US oil storage will reach maximum capacity by mid-May: now that prediction is becoming even more realistic, with Goldman’s chief commodity strategist foreseeing the global oil storage facilities becoming full within the next 3 to 4 weeks. According to Jeffrey Currie, the chief commodity strategist at Goldman Sachs, […]
The Totally Practical, Not Even Slightly Sarcastic or Frustrated, Investor’s Guide to SEDAR – Part Four
This is the fourth installment in this guide to utilizing Sedar. You can find parts one, two and three here. Question: Where can I find a company’s cash position? Answer: You can find how much cash a company has on hand on their statements of financial position (more colloquially referred to as a balance sheet), […]
Weekly Number of Mortgages Entering Forbearance Program Increasing at an Alarming Rate
In March, the US government put in the place the CARES Act – a relief package aimed at supporting both the working class as well as businesses through the economic hardships brought on by the pandemic. Also within the Act, is a mortgage forbearance program which allows individuals to delay their mortgage payments for up […]
New Home Sales in the US Suffer Biggest Drop Since 2013
With unemployment numbers in the millions due to economic lockdowns across the entire country and stay-at-home orders imposed as a measure to mitigate the spread of the coronavirus, many Americans have seen a sudden decline in their income. As a result, new home sales have plummeted across the US. Prior to the implementation of lockdown […]