Largest Helium Purification Facility in Canada to be Constructed in Southwest Saskatchewan
A new commercial helium purification facility is slated for construction in Saskatchewan, and it is going to be the largest in Canada. On May 28, the Saskatchewan government announced that construction on the new facility will commence in October at an area near Battle Creek, which is adjacent to the Alberta-Saskatchewan border. Once construction is […]
Lyft Being Sued By Former Driver Over Sick-Day Law Violations
Ride-hailing company Lyft is currently being sued by one of its former drivers for allocating paid sick days as mandated by Washington DC law. As per state law, a company’s employees have to receive paid sick leave if they are unable to work; however, ride-hailing services such as Lyft argue that their drivers are not […]
Consumer Spending Drops By Most on Record, Meanwhile Household Incomes Increase
According to recent data compiled by the Commerce Department, consumer spending in the US dropped by the highest percentage on record for the month of April. Given the widespread lockdowns across the country as well as soaring unemployment rates, it is no wonder that consumers have been weary to spend their income on non-essential goods. […]
Length of Average Work Week Lowest on Record According to Latest StatsCan Data
Statistics Canada has reported that the average work week for those paid by the hour has decreased to the lowest level on record amid the coronavirus pandemic. According to data from Statistics Canada’s Survey of Employment, Payrolls and Hours, the average number of working hours per week has fallen by 1.1 hours to a record […]
Delta, American Airlines Plan to Significantly Reduce Workforce Once Government Bailout Terms Expire
As the economic implications from the coronavirus pandemic loom on, it is becoming more evident how tax dollars via the CARES Act are being utilized, or lack thereof. Back in March, the Federal Government set aside a total of $50 billion for US airline carriers, as a means of preserving jobs while demand for air […]
Medmen Sees At Least Two LA Dispensaries Looted In Riots
It appears that the ongoing riots throughout the USA have not been kind to a certain dispensary operator. Video emerged overnight of what appears to be multiple California based Medmen Enterprises (CSE: MMEN) dispensary locations being ransacked by looters amid the ongoing chaos. One dispensary location appears to be the company’s West Hollywood location on […]
The Deep Dive Compiles Company Profile on Khiron Life Sciences
The Deep Dive has assembled a company profile for that of Khiron Life Sciences (TSXV: KHRN), a vertically integrated global medical and CPG cannabis leader with core operations in Latin America and Europe. Khiron currently has distribution throughout various countries in Latin America, along with activity in North America and Europe. The company is licensed in Colombia for the cultivation, production, […]
Pending Home Sales in the US Fall to Record Low in April
Due to lockdowns and social distancing measures imposed in the US as a means of mitigating the spread of the coronavirus pandemic, many prospective home buyers have chosen to opt out of the previously-ownded homes market for the time being. As a result, pending home sales dropped by 21.8% in April, a record low not […]
The US Will No Longer Provide Funding to the World Health Organization
The blame game between the US and China regarding the origins of the coronavirus has just intensified, with Donald Trump announcing the US will be terminating its relationship with the World Health Organization (WHO). The move comes amid Trump blaming the WHO for its apparent mismanagement of the coronavirus spread, stating that the organization acted […]
Demonstrations Erupt Across the US in Response to George Floyd Murder
The murder of unarmed George Floyd by a Minneapolis police officer has sparked significant outrage across the entirety of the US. Initially, protests were localized to the Minneapolis area, with demonstrators ultimately setting ablaze the 3rd Precinct – the base at which the officers involved the murder were from. Since then however, the outrage and […]