Market Movers: Champignon Brands Tags $2; Up Over 35%
This morning Champignon Brands (CSE: SHRM) continued to gain momentum as the stock increased to $2, rising over 35% from yesterday’s close of $1.46. Although there hasn’t been any material news today indicating the reason for the increase, the company has released a series of strong news releases over the last month including: The acquisition […]
Internet of Things Inc Sees Surge In Demand For ThermalPass
Internet of Things Inc (TSXV: ITT) (OTC: INOTF) reported this morning that it is experiencing a surge in demand for its fever detection system known as ThermalPass, due in part to the ongoing coronavirus pandemic while businesses attempt to restart operations. The company announced this morning that it is currently continuing discussions with a range […]
Sundial Disposes of Bridge Farm UK Asset
Sundial Growers (NASDAQ: SNDL) this morning announced the “sale” of its Bridge Farm UK asset, less than one year after having acquired it. The property was sold to a group of investors that include former members of Sundial management for total consideration of $90 million, although no cash will be provided to Sundial for the […]
Supreme Cannabis Effectively Writes Off Truverra, Posts Net Loss of $72.3 Million
The Supreme Cannabis Company (TSX: FIRE) reported its third quarter earnings this morning before the open, reporting net revenues of $9.7 million, an increase from last quarters $9.0 million in net revenues but a year over year decline from Q3 2019. Net loss for the third quarter was pegged at $72.3 million. Gross revenues for […]
Deep Dive Gold Series: Great Bear Resources Is Hitting Gold Bugs Where They Live
With widespread inflation-anticipation driving a bull market in gold, the TSX Venture exchange is building its COVID recovery around a few rapidly maturing juniors, so The Dive is bringing you a closer look, starting with Great Bear Resources (TSXV: GBR). Great Bear became a consistent name atop the volume traders after a grand entrance in […]
Blackrock Urged to Divest Chinese Companies due to China’s Human Rights Abuses, Poor Response to Coronavirus
It seems that Donald Trump’s recent demand for the US federal employee retirement fund to halt Chinese equity investments has spiraled into a cascade new tensions. Although the Chinese government issued a statement regarding the US president’s request, the drama over China is far from over. Now, the National Legal and Policy Center (NPLC), which […]
Aurora Cannabis Reports Revenues Of $75.5 Million For Q3, Doesn’t Provide Net Loss Figure
Aurora Cannabis (TSX: ACB) (NYSE: ACB) reported third quarter earnings after the bell today, electing to only file select data in the news release before the scheduled conference call. The firm reported net revenues of $75.5 million for the quarter, while not publishing an earnings per share or net loss figure. Adjusted EBITDA for the […]
Scotiabank Shutters Gold Business, Makes A Good Case For Owning Physical Gold
As the price of gold continued its run at all-time highs, fueled by overheated printing presses at central banks and the collective metabolism of a gold bug community dangerously close to paying off an “I-told-you-so!” 40 years in the making, Canada’s only charter bank with a precious metals business is shutting it down in the […]
Mark Kohler Appointed As Chairman of CloudMD
CloudMD Software & Services (CSE: DOC) this morning announced the appointment of Mark Kohler to the role of Chairman of the Board. Kohler, a seasoned entrepreneur within the tech space, originally joined CloudMD in mid-March when he came on as a director. Kohler is a well seasoned health and tech entrepreneur, with over thirty years […]
US With Another 3.0M Jobless Claims; 36M Over Last 8 Weeks.
This morning the Department of Labor released initial jobless claims data for the week ended May 9th, 2020. The advance figure for seasonally adjusted initial claims was 2.98M, a decrease of 195k from the previous week. The data represents a cumulative 36.5M jobless claims over the last 8 weeks. Last week, the unemployment data came […]