Aurora Cannabis Dumps 23% Stake In Alcanna At 80% Loss
Aurora Cannabis (TSX: ACB) (NYSE: ACB) continues to liquidate its assets as it tries to generate cash to feed the machine, with the announcement this morning that it is exiting its investment in Alcanna (TSX: CLIQ). The companies jointly announced this morning that a bought deal was being conducted as a means for Aurora to […]
MustGrow Commences Funded Study On Tobacco Crop Protection Program
MustGrow Biologics (CSE: MGRO) announced this morning the commencement of a tobacco crop protection research program. The program is being funded by the Canadian Tobacco Research Foundation, with the goal of targeting tobacco cyst nematodes and root-lesion nematodes. A collaborative research program is currently underway between the foundation and MustGrow as a means of building […]
Canadian Federal Government to Accelerate Financial Support for Municipalities
Prime Minister Justin Trudeau has announced the federal government will be accelerating the $2.2 billion earmarked for municipalities across Canada as a move to help alleviate some of the increasing financial strain amid the coronavirus pandemic. The $2.2 billion is typically paid out in two installments once per year to provincial and territorial governments, which […]
Canopy Growth: Klein’s Annual Compensation Includes Base Salary of US$975k
This week, Canopy Growth Corp (TSX: WEED) (NYSE: CGC) filed for the first time a 10-K with that of the Securities and Exchange Commission in the United States. Within, was previously undisclosed information related to new CEO David Klein’s compensation for taking on the role recently – and the numbers might surprise you. The details […]
State Unemployment Benefits System Outsmarted by Foreign Scammers, Unemployed Americans
When the coronavirus suddenly impaired almost the entirety of the US economy, Congress had to swiftly employ some sort of monetary prop-up as a means of mitigating the onslaught of newly-unemployed Americans. In doing so, the federal government rushed through unemployment benefit applications in order to quickly send out payments to those facing financial hardships. […]
China Halts US Agriculture Imports in Response to Trump’s Comments on Hong Kong National Security Law
In response to Donald Trump’s comments on Friday regarding the removal of Hong Kong’s special treatment status in wake of Beijing’s national security law, China has halted the imports of US farm goods including pork and soybeans. China’s new national security law being imposed in Hong Kong has apparently angered US president Donald Trump so […]
Xander Acquires Additional Claims At Senneville Property In Val-d’Or Gold Camp
Xander Resources (TSXV: XND) this morning announced the acquisition of the Senneville West Property, which is contiguous to the firms recently announced acquisition of the Senneville Group of Claims South property. The property consists of 80 claims that extended from the Eastern boundary of Highway 397 to the northwest for 10 kilometres. The property is […]
Congressional Budget Office Predicts Coronavirus Will Cost US Economy $15.7 Trillion
According to a recent forecast released by the Congressional Budget Office (CBO), the US is on track to lose approximately $7.9 trillion worth of economic activity over the next ten years, regardless of the federal government’s astronomical stimulus spending in order to prop up the economy. Although many restrictions across the US are being lifted […]
PowerBand To Begin Lease Originations, Access Extensive Lease Financing
PowerBand Solutions (TSXV: PBX) announced this morning it expects to begin lease originations via its proprietary cloud-based platform for consumers and auto dealers this month, with CEO Kelly Jennings indicating that the company anticipates to originate lease contracts for consumers and dealers alike once all financial institutions are onboarded successfully. Extensive lease financing from US […]
Auxly Cannabis Shows Gross Profit For The First Time In Q1
The last time we wrote about Auxly Cannabis (TSXV: XLY), we were critical of the company’s re-make into a consumer packaged goods company and away from its roots as a cannabis banking enterprise marketed to investors as a “streaming” company. Not because the original Auxly concept was such a great model, but because we don’t […]