Canafarma: The Marketing Machine
Canafarma Hemp Products Corp (CSE: CNFA) on the surface may appear to be your typical hemp-related operation. The vertically integrated operation cultivates hemp on a 55 acre farm in New York, and then processes it into CBD-based consumer products for the end consumer. So what exactly is different about the firm relative to the numerous […]
Aurora Cannabis Confirms Reverse Split Effective Monday
Aurora Cannabis (TSX: ACB) (NYSE: ACB) confirmed last night after the bell that it will be going ahead with its previously announced share consolidation. The consolidation will be effective as of market open on Monday, May 11, 2020. The share consolidation, which was originally announced on April 13, will see current shareholders receive one share […]
Canada Reports Unemployment Rate of 13.0% For April
Stats Canada released the labour force survey this morning, revealing that nearly two million Canadians lost their job in April which follows a decline of one million in March. The decline brings the unemployment rate to 13.0% in Canada, which is significantly better than the 14.7% unemployment rate published by the US this morning. While […]
Aphria Settles US$90.8 Million in Convertible Debt With Share Issuance
Aphria Inc (TSX: APHA) (NYSE: APHA) this morning announced that it has entered into an agreement with certain convertible debt holders to repurchase outstanding debt at a significant discount to the face value of that debt. What’s more, is that the majority of the debt repurchase is being settled via the issuance of common shares […]
US Bureau of Labor Stats: Unemployment Soars To 14.7% in April
The US Bureau of Labor Statistics put out its much anticipated labor statistics this morning, reporting an overall drop in employment of 20.5 million, with the unemployment rate soaring to 14.7%, the highest figures ever recorded by the survey. Unsurprisingly, the hardest hit sectors included leisure and hospitality. Over the month of April total unemployment […]
Kingman Minerals Begins Exploration Programs in The Historic Rosebud Mine
This morning Kingman Minerals (TSXV: KGS) announced the completion of two phases of underground exploration on the Mohave Project in Mohave County, Arizona with results pending. The Gold explorer contracted Burgex Inc, a mining consulting services company, which specializes in mineral exploration. The consulting firm has experience providing services to companies ranging from individual prospectors […]
Sunniva Taken To Court Over Mortgage Default
The death spiral of Sunniva Inc (CSE: SNN) is nearly complete, with the company announcing this morning that its 114-acre Okanagan Falls property is in default of its mortgage, with the creditor now having filed a petition in the Supreme Court of British Colombia in relation to the debt. Sunniva initially entered into a mortgage […]
Cronos Reports First Quarter Revenues of $8.4 Million, Writes Off $8.0 Million In Inventory
Cronos Group (TSX: CRON) (NASDAQ: CRON) reported its first quarter 2020 financial results early this morning, with revenues of US$8.4 million on a consolidated basis, however the firm reported a loss on a gross basis due to inventory writedowns, and an overall operating loss of US$45.0 million. While top line revenue was up on a […]
Internet of Things to Launch Thermal Fever Detection System: ThermalPass
This afternoon Internet of Things Inc. (TSXV: ITT) announced the development of a new fever detection system called ThermalPass. The new technology is designed to enhance public safety, instantly screening for higher than normal body temperatures in potential carriers of COVID-19 and other fevers. The solution will place ThermalPass at entranceways of high-traffic, public locations […]
Kashkari: Real Unemployment Likely 23% Or 24%
This morning on NBC Today, Minneapolis Federal Reserve President Neel Kashkari indicated that the jobs report expected to be released on Friday likely doesn’t paint the whole picture of the current employment situation across America. Rather, he says, the Friday jobs report for April will likely show a 16% or 17% figure for the month, […]