US Oil Falls By Most Since April, Exposing Volatile Recovery
Back in April, crude oil saw a sudden and unprecedented decline as a result of the economic volatility brought on by the coronavirus pandemic. Since April however, the oil market began to slowly recover, as OPEC+ agreed on output reductions, while the demand for oil saw a positive shift in light of governments beginning to […]
Hertz Wants to Sell $1 Billion Worth of Bankrupt Stock
As promised, there have certainly been more head-scratching developments since Tuesday regarding bankrupt car rental company Hertz Global (NYSE: STZ). Monday saw a cascade of Robinhood retail investors send the essentially worthless stock soaring up to a mind-blowing $6.25, which corresponds to a nearly 10-fold increase since the company began bankruptcy filings on May 22. […]
TGOD Closes $17.3 Million Bought Deal Financing
The Green Organic Dutchman (TSX: TGOD) this morning announced that it has finally closed its previously announced bought deal financing. The financing, originally for $15 million, closed on an oversubscribed basis. In total, the company managed to raise total gross proceeds of $17.25 million through the sale of 43.1 million units of the company at […]
Xander Resources Acquires Senneville East Property
Xander Resources (TSXV: XND) this morning announced that it has expanded its claims to over 21,000 acres at its Senneville Group of properties in the Val-d’Or camp. The property is located in the eastern portion of the Abitibi Greenstone Belt. The new property, referred to as Senneville East, is comprised of 62 claims. The claims […]
Revive Therapeutics Sees Research Partnership On Psilocybin Expanded
Revive Therapeutics (CSE: RVV) has expanded its sponsored research partnership agreement with that of the University of Wisconsin-Madison related to the study of psilocybin. The partnership will see Revive and the University evaluate novel formulations and a phase 1 clinical study for the therapeutic application of psilocybin for an addiction use disorder. Development work conducted […]
Harvest Health Reduces Asset Sale To High Times
Harvest Health and Recreation (CSE: HARV) this morning announced that it has amended terms of its transaction with that of High Times Holdings. Rather than 13 operational and planned dispensaries as originally proposed, Harvest Health will now only be disposing of ten licenses in total. Reasoning for the change was not provided by either company […]
Coronavirus Hospitalizations in Texas Continue to Soar Despite Third Phase of State Reopening
It appears that the Trump administration will soon be facing scrutiny over its push for states to lift stay-at-home orders and re-open businesses in favour of gaining momentum for the US economy. The state of Texas, which began its re-opening on May 1, as a result has seen a steady surge in coronavirus hospitalizations. According […]
iAnthus Expects Further Filing Delays, Likely To Receive Cease Trade Order
iAnthus Capital Holdings (CSE: IAN) this evening issued an update related to its fourth quarter and full fiscal year 2019 financial statements, indicating that the required filings will “likely be delayed until after the extended filing deadline of June 15, 2020.” The result, is that the company expects its equity to be issued a cease […]
Village Farms Sees Raymond James, Stifel GMP Highlight Strength In OCS Data
Late Monday night, the Ontario Cannabis Store released a 2019-2020 Year Review, where they provide a bunch of data and stats. One of the graphics they offered was the top five brands per category based on sales period starting April 1st, 2019 to March 31st, 2020. Notably, Village Farms’ (TSX: VFF) (NASDAQ: VFF) joint venture […]
Federal Government Proposes to Extend CERB Program, Could Cause Current $60 Billion Budget to Double
In response to the financial hardships many Canadians suddenly faced in wake of the coronavirus pandemic, the federal government unveiled a series of stimulus options as a means of mitigating the resulting economic damages. One form of available aid is the Canada Emergency Response Benefit (CERB), which has been running since the beginning of April. […]