Premier Gold Begins 2020 Drill Program At McCoy-Cove Project
Premier Gold Mines (TSX: PG) has commenced its 2020 exploration drill program at its wholly owned project in Nevada known as the McCoy-Cove Project. The company intends to focus the program on targets near the cove deposit, however the size of the drill program was not identified within the release. Exploratory work conducted last year […]
US Sheds Another 3.2M Jobs Last Week; More than 33M Over Last 7 Weeks
This morning the Department of Labor released the jobless claim data for week ended May 2, the advanced figure for seasonally adjusted initial claims was 3.169M. The number represents a weekly decrease of 677k claims from the previous week. The cumulative number of jobless claims since the pandemic starting taking a massive hit on the […]
TGOD Receives Valleyfield Greenhouse License Amendment, Shifts Processing Functions
The Green Organic Dutchman (TSX: TGOD) announced this morning that all twenty four zones of its Valleyfield, Quebec facility have now been licensed by Health Canada following its latest license amendment. The company will now begin to shift some of its processing activities to the Quebec facility. The announcement this morning from TGOD is curious […]
CloudMD Expands Telemedicine Solutions Into US Market With Significant Partnership
CloudMD Software & Services (CSE: DOC) this morning announced that it has entered into an agreement that will see its Livecare telemedicine application expanded into the United States market. The expansion comes via a value added reseller agreement entered into with that of IDYA4 Corp. The agreement will see IDYA4, a leader in data interoperability […]
US Consumer Debt Hits Record $14.3 Trillion Amid Coronavirus Pandemic
Since the onset of the coronavirus pandemic, the proceeding consequences have been dire on the already precarious US economy. According to recent data released by the New York Federal Reserve, consumer debt has been through the roof, hitting a new record of $14.3 trillion. In March, household debt balances reached $14.3 trillion, which is $1.6 […]
Airbnb Facing Financial Difficulty, Lays off 25% of Workforce
As the coronavirus pandemic continues to ravage economies around the world, some industries are being bit harder than others. One of those hard-hit industries include the travel and hospitality industry, which has seen a sudden and drastic decline in consumerism to the point that many companies are facing significant financial ruin. Airbnb, a popular hospitality […]
Hertz Granted Additional Time to Get Financials in Order
The rapid spread of the deadly coronavirus has caused governments to significantly restrict movement by imposing mandatory lockdowns and stay-at-home orders. As a result, the travel industry has been severely impacted, with some companies hanging on by the last remaining thread of income. Car rental provider Hertz Global (NYSE: HTZ) has been so negatively crushed […]
Fast Food Restaurants Begin Removing Menu Items Amid Meat Shortages
Despite coronavirus cases rising across Canada, many provinces are seeing the light at the end of the tunnel and are beginning to ease lockdown restrictions. However, the economic implications from the virus are far from over. Several meat processing plants in Alberta had to close down operations as a large number of employees became infected […]
Peter Horvath, Former Green Growth Brands CEO, Named As Hightimes Holdings CEO
Failed cannabis CEO Peter Horvath, formerly of Green Growth Brands (CSE: GGB) has taken on a new role within the cannabis space, this time as CEO of Hightimes Holdings, the magazine turned dispensary operator that is set to soon IPO. Horvath recently left Green Growth suddenly following the shuttering of the firms CBD division, an […]
Champignon Brands Appoints Medipharm Labs CEO Pat McCutcheon to Board
This morning Champignon Brands Inc. (CSE: SHRM) announced the appointment of Pat McCutcheon to its board of directors effective immediately. McCutcheon is currently CEO of MediPharm Labs (TSX: LABS), one of the most respected cannabis operations in Canada. And notably one of the few cash flow generating operators. He founded MediPharm after identifying an important, […]