Market Movers: Unigold Moves On Financing Closure
Unigold Inc (TSXV: UGD) was a high volume trader last week, seeing 1.8 million shares trade on Wednesday alone, an anomaly for the junior gold explorer. The junior is focused on gold properties in the Caribbean – an unusual location to many undoubtedly. However, the firms flagship property is located nearby to the world class […]
McLaren Resources: A Gold Play Coming Into Its Own
In May of this year, McLaren Resources (CSE: MCL) completed a sizable asset swap with gold mining giant, Newmont Corp (TSX: NGT). McLaren optioned its Augdome property, adjacent to Newmont’s Dome Mine east of Timmins, Ontario, with McLaren acquiring the McCool Property east of Matheson, Ontario, in the East Timmins gold district, along with the […]
PowerBand Solutions Announces Strategic Arrangement With CARco
PowerBand Solutions (TSXV: PBX) announced this morning a new partner in that of the Comprehensive Auto Resources Company, or CARco for short. The firm is one of the leading administrators of auotmotive protection products in the US, and will be introducing PowerBand’s virtual transaction platform to its network of auto dealers across the United States. […]
C21 Investments Sees CEO Extend Term, Debt Maturity Pushed Six Months
C21 Investments (CSE: CXXI) this morning announced that current CEO and largest debtholder Sonny Newman has agreed to extend his term with the company for a period of three years as the company continue to focus on its Nevada operations. Further, the company has seen its lease for its Fernley, Nevada company extended for a […]
Aurora Cannabis Sees Co-Founder Terry Booth Resign From Board
Ex-CEO of Aurora Cannabis (TSX: ACB) (NYSE: ACB) Terry Booth has officially left the building. This morning, Aurora announced that Booth has retired from his role as a director with the company, effective last Friday, June 26. The retirement marks the final end to an era for Aurora, with Aurora proceeding for the first time […]
Auxly Reduces International Operations, Cuts Domestic Cultivation Plans
It appears Uruguay may not have the perceived demand for hemp that many expected. Auxly Cannabis (TSXV: XLY) announced this morning that the company would be halting its cultivation activities at its 80% owned Inverell S.A. subsidiary, along with pulling back domestic cultivation of cannabis as a means of cutting costs. The halting of cultivation […]
Spruce Ridge Announces Hefty Stock Dividend of Canada Nickel Shares to Shareholders
As we previously discussed, Spruce Ridge Resources (TSXV: SHL) has a Record Date on July 6, 2020 for a stock dividend of 2.5 million shares of Canada Nickel Corp (TSXV: CNC). The news release to that effect came out on June 23, 2020 (last Tuesday). As of the close on Friday, remarkably, Spruce Ridge had a […]
Demand for US Oil Could Collapse Once Again as Threat of Second Coronavirus Wave Becomes Imminent
The demand for US oil hit a disastrous low during the onset of the coronavirus pandemic, as government-mandated economic lockdowns and travel restrictions forced Americans to succumb to the safety of their homes. By May, the US economy was in such a state of disarray that governments decided to start easing restrictions and get people […]
US Consumer Spending Increases by a Record 8.2% Despite Dwindling Incomes
As many states across the US began lifting non-essential business restrictions and stay-at-home orders in May, Americans were eager to leave their house and spend what income they had left on the consumption of goods and services. According to a recent report released by the Commerce Department, the month of May saw consumer spending increase […]
Modern Meat: The New Fake Meat Issuer Lead By Bridgemark
The Bridgemark Group appears to be at it again. Previously, we covered the news that a new fake meat issuer, known as Modern Meat, would be coming to the Canadian Securities Exchange via the reverse takeover of Navis Resources (CSE: SUV). With the shell now renamed to Modern Meat Holdings (CSE: MEAT), it appears that […]