TGOD Generates $2.9 Million In Q1 2020 Revenues, $73.4 Million Net Loss
The Green Organic Dutchman (TSX: TGOD) reported first quarter 2020 financials this evening after market close, and despite the narrative spin put forth by the company, the quarter was a doozie. The company reported net revenues of $2.9 million, of which just $536,000 came from Canadian cannabis sales – the company in its official news […]
Beijing’s Controversial National Security Law Met With Protests in Hong Kong
Recently, the Chinese government has decided to impose a controversial new national security law in Hong Kong, which will prohibit secession, subversion, and sedition of Beijing’s central government. Thus far, Hong Kong’s streets had been relatively calm and riot-free, given that the city imposed a strict ban on gatherings as a means of slowing the […]
Leon’s Announces Temporarily Store Closures, Lays Off Employees Across Canada
Due to the unprecedented economic hardships stemming from the coronavirus pandemic, popular furniture chain Leon’s Furniture (TSX: LNF) announced it will be closing a large number of its Canadian stores, as well as laying off several thousand of its employees. Leon’s which also owns well-known chains such as the Brick, Midnorthern Appliance, and Appliance Canada, […]
US Federal Reserve Now Owns Defaulted Hertz Bonds
Given the drastic economic downturn in the travel and hospitality industry, car rental company Hertz Global Holdings Inc (NYSE: HTZ) was unable to come to a forbearance agreement with its senior lenders over missed lease payments in April, and as a result has filed for bankruptcy. However, prior to the the May 22 deadline by […]
Retail Landlords Begin Issuing Default Notices to Tenants
It appears the economic implication stemming from the coronavirus pandemic keep mounting. As retailers were forced to shut down as a means of slowing the spread of the virus, they amassed a significant loss in revenue, which in turn has put them in a situation where they were unable to pay rent. During the onset […]
Tilray To Shut Down Natura Naturals Facility
Tilray Inc (NASDAQ: TLRY) will be closing a facility it acquired just last year as a means of cutting costs. The facility, referred to as High Park Gardens, was acquired as part of the Natura Naturals acquisition early last year. In connection with the decision, operations at the facility will be wound down over the […]
Biotech Boom Playbook, Part Two: The Structure
The degree to which a compelling biotech story is able to create lift in the equities market, and sustain that lift, is ultimately a function of the cap table of the company telling the story. There are a lot of moving parts in a proper equity structure analysis so, for our purposes as stock pickers, […]
Harvest Moon: Reducing Suicidal Ideation With Ketamine Infusions
Suicidal ideation is an emergent condition that demands immediate attention. It has been shown that the time between decision and attempt in patients with suicidal ideations is about ten minutes. Suicide ranks among the top three causes of mortality worldwide for individuals ages 15–44. Unfortunately, the suicide rate has increased over the past two decades […]
Credit Suisse Bank Will Have a Reduced Workforce Post-Pandemic
It appears that European banks are not faring very well during the coronavirus pandemic. Recently, Deutsche Bank has had to ask its top managers to voluntarily forego a month’s pay as a means of offsetting the bank’s mounting financial hardship. Now, Credit Suisse Group AG is following a similar path, except they are planning to […]
Internet Of Things Inc Receives Health Canada Approval For ThermalPass Fever Detection System
The Internet of Things Inc (TSXV: ITT) this morning announced that it has received Health Canada approval for its ThermalPass fever detection system, an impressive feat conducted in just a matter of weeks. The approval from Health Canada came quick as a result of the product being fast-tracked under the Medical Device Establishment License (MDEL) […]