Mortgage Applications Beginning to Show Signs of Recovery
Last month, the demand for buying homes decreased dramatically amid the coronavirus chaos, but now incoming data is suggesting the market is beginning to rebound as the demand for new mortgages is starting to see an increase. Just last week, potential homebuyers caused mortgage demand to increase by 12%, indicating that buyer confidence may be […]
RavenQuest BioMed Implodes, Robinson Resigns And Withholds Corporate Records
RavenQuest BioMed (CSE: RQB) has finally imploded. The company announced this morning that the CEO and CFO, George Robinson, has resigned from the company as well as from the board of directors as of April 29, and that the company sees no path forward for the firm. Furthermore, Robinson is now withholding all records from […]
Sundial Gets Second Extension On Credit Facility Waivers
That thread that Sundial Growers (NASDAQ: SNDL) is hanging on appears to be getting thinner. The company announced in a brief release this morning that it has seen certain waivers related to its credit agreements waived for ten additional days, expiring now on May 11, 2020. The waivers, which had an initial expiry date of […]
Khiron Enters Exclusive Agreement With Brazilian Pharmaceutical Distributor
Khiron Life Sciences (TSXV: KHRN) announced after market close yesterday that it had entered into an exclusive agreement with that of Medlive, a Brazil-based pharmaceutical and health products distributor with a network of over 3,000 hospitals and clinics in Souther Brazil. The exclusive agreement will see Medlive distribute Khiron’s medical cannabis products throughout its network […]
NewLeaf Brands Acquires Mushroom Firm Incorporated By COO A Month Ago
NewLeaf Brands (CSE: NLB) is pivoting from the cannabis space to the psychedelics space. The company this morning clarified the transaction that it is undertaking with that of Colorado-based Mydecine Group whom focuses on mushroom and fungi compounds. Little information was provided about Mydecine Group as a whole, aside from indicating that they focus on […]
Lyft Lays Off Employees, Reduces Salaries Amid Decreased Demand for Ride-sharing Services
Lyft Inc (NASDAQ: LYFT) has not been faring too well through the coronavirus pandemic. The American ride-sharing company has announced it has laid off and furloughed a significant portion of its workforce, in a bid to reduce its operating expenses. In a recent regulatory filing, Lyft announced it has laid off approximately 17% of its […]