US Posts Another 4M Jobless Claims; Over 26M in Last 5 Weeks
This morning the Department of Labor announced the initial jobless claimes for the week ended April 18, the advance figure for seasonally adjusted initial claims was 4,427,000, a decrease of 810,000 from the previous week’s revised level. Amounting to over 26 million jobs lost in the last 5 weeks. California came in with the most […]
Horizon’s To Consolidate Shares Of HOU ETF Due To Volatility
Horizons ETF’s last night announced that it will be consolidating its BetaPro Crude Oil 2x Daily Bull ETF (TSX: HOU) as a result of the recent volatility experienced in the crude oil market. The consolidation will occur on Tuesday, April 28, after the close of market, with shares being converted on a 1 for 20 […]
Falcon Gold Signs MOU To Expand Central Canada Property
Falcon Gold (TSXV: FG) this morning announced that it has signed a memorandum of understanding to acquire 2 large patented claim blocks from Great Lakes Exploration which consists of 476 hectares of patented claims and surface rights. The claim blocks lie along strike of Falcon’s Central Canada project, enabling the company to further consolidate the […]
Revive Therapeutics Sees FDA Recommend Phase 3 For COVID-19 Related Study Of Bucillamine
Revive Therapeutics (CSE: RVV) announced major news this morning related to its ongoing study of Bucillamine, with the US Food and Drug Administration recommending that the company proceed straight to a phase three confirmatory clinical trial to evaluate Bucillamine for the treatment of patients with mild-moderate COVID-19 due to the SARS-CoV-2 infection. The news is […]
Zenabis Manages To Push Off Portion of June 2020 Debt Maturity
Zenabis Global (TSX: ZENA) may have pushed off insolvency a little longer this morning. The company has managed to renegotiate approximately $50.0 million of its currently outstanding senior secured debt. Under the amended agreement, this debt will now convert to a term loan that expires March 31, 2025. The new debt will see straight line […]
Market Movers: Datametrex Catches the COVID Tradewinds
2017 feels like it happened on another planet, and those of us who were there remember the smallcap world’s various attempts at promotions based around the loosely defined false alchemy known as “artificial intelligence” or “machine learning.” The principle here, that a computer can be taught to do a task and adapt to that that […]
Alberta Privacy Commissioner Launches Investigation Into Babylon Health App
When coronavirus cases were beginning to unfold in Canada back in March, Alberta decided to address the additional strain on the healthcare system by introducing the TELUS (TSX: T) Health Babylon app, which physicians would use to conduct virtual appointments with patients. Now, the telemedicine app has come under scrutiny as the Alberta privacy commissioner […]
More Corporate Bailouts on the Way: Trump Initiates Rescue Plan for Oil Industry
This week, major US airlines have begun receiving their earmarked $22.7 billion worth of government grants, in addition to having another $25 billion available in government loans. As if that isn’t a hefty enough burden on taxpayers, President Donald Trump is now ordering officials that include the Secretary’s of Energy and the Treasury to set […]
Horizon’s Drops HOU, HOD ETF’s To 1x Leverage
Horizon’s ETF’s this morning announced significant temporary changes to its BetaPro Crude Oil 2x Daily Bull ETF (TSX: HOU) and BetaPro Crude Oil -2x Daily Bear ETF (TSX: HOD) exchange traded funds, most significant of which is the temporary reduction to a 1x leverage on the products. The temporary changes have been put in place […]
Organigram Announces $49.0 Million At-The-Market Program
Organigram Holdings (TSX: OGI) (NASDAQ: OGI) this morning announced a new at-the-market program to help bolster it’s cash reserves amid increasing liquidity needs. The new ATM program is capped at C$49.0 million, which is slightly less than the C$55.0 million program that the company had announced in December 2019. The company revealed within its latest […]