Aphria, Double Diamond Farms Targeted By Migrant Rights Group After Video Surfaces
It appears that an advocacy group for migrant workers has taken aim at Double Diamond Farms, the joint venture partner of Aphria Inc (TSX: APHA) (NASDAQ: APHA). The campaign against Double Diamond began after a video surfaced on Twitter, demonstrating claimed living conditions for migrant workers at the firms operations. The video in question shows […]
Mission Ready Awarded Two New Contracts Valued At Combined $7.3 Million
Mission Ready Solutions (TSXV: MRS) this morning announced that it has been awarded two new large purchase orders. The first, is for female-specific body armor, while the second is for the supply of personal protective equipment through its government contracting division. The first purchase order comes from what is referred to as a “United States […]
Emerald Health Sees Revenues Decline 32% To $2.9 Million In First Quarter 2020
Revenues continue to decline for Emerald Health Therapeutics (TSXV: EMH), with the firm posting first quarter revenues of $2.9 million on a net basis, as compared to $4.3 million in the prior period, a decline of $32.4%. Overall, the firm posted a net loss of $4.9 million during the quarter. Revenues for the quarter ended […]
Zenabis Announces Heavily Dilutive Financing For $15.0 Million
Zenabis Global (TSX: ZENA) announced this evening that it intends to continue to implode its share structure. The company will be conducting an overnight marketed best efforts offering of units, valued at approximately $15.0 million. The financing will see units of the company sold at a price of $0.13 per unit, with each unit having […]
Ontario Introduces Ban on Commercial Evictions, Retroactive to May 1
As we previously identified, the Province of Ontario, has finally enacted new legislation that would put a temporary ban on commercial evictions, given that many small businesses are unable to meet their financial demands in wake of the coronavirus pandemic, On Wednesday, the newly-introduced legislation would prevent tenants from being locked out of their business […]
Canada’s Inflation Rate Falls by 0.4% in May
The shutdown of many services and industries in response to mitigating the infection rate of the coronavirus pandemic has caused the Canadian economy to come to a stand-still. As a result, the annual rate of inflation has been significantly impacted. According to recent Statistics Canada data, the month of May saw yet an even further […]
Federal Reserve to Begin Purchasing Direct Corporate Bonds Instead of ETFs
As a means of propping up the coronavirus-stricken US economy, the Federal Reserve introduced two credit facilities back in March that would be focused on the corporate debt market. The first facility would directly purchase bonds from issuers, whilst the other would be concentrated on buying the bonds on the open market – many of […]
The SEC Expresses Concerns With Hertz Equity Offering, Stock Soars
Another new development surrounding the infamously bankrupt car rental company Hertz Global (NYSE: HTZ) has emerged. As previously noted, Hertz, along with Jefferies, has decided to take advantage of the sudden cascade of Robinhood retail investors buying up the company’s worthless stock, and issue an initial equity offering. Shockingly, the bankruptcy judge approved the bizarre […]
Hexo Has Filed A $35 Million Counterclaim Against Medipharm Labs
It appears that Hexo Corp (TSX: HEXO) (NYSE: HEXO) has filed a counterclaim against Medipharm Labs (TSX: LABS) in relation to the outstanding lawsuit between the two licensed producers, wherein Medipharm Labs initiated proceedings over a breach of contract. The counterclaim in connection with the lawsuit has been pegged at $35 million as per regulatory […]
Wallbridge Expands Land Package At Detour-Fenelon Trend
Wallbridge Mining (TSX: WM) announced a significant development this morning, with the firm entering into an option agreement to acquire a 65% interest in the Casault gold property from Midland Exploration (TSXV: MD). The news is significant in that the property is contiguous to two of Wallbridge’s properties in the Detour-Fenelon gold trend. The acquisition […]