Canada’s Credit Rating Downgraded to AA+ Amid Increasing Coronavirus Costs
As a result of the mounting federal government spending on coronavirus mitigation efforts, Canada has had its credit rating reduced from AAA to only AA+ alongside a stable outlook for the medium term. Fitch Ratings Inc is anticipating Canada’s debt to increase from 88.3% of GDP in 2019, to 115.1% of GDP in 2020, with […]
Spruce Ridge Announces Dividend Of Canada Nickel Company Shares
Spruce Ridge Resources (TSXV: SHL) this week announced that it will be conducting a one-time dividend for shareholders of the company on record at the close of business on July 6, 2020. The dividend will be in the form of common shares of Canada Nickel Company (TSXV: CNC). Under what the company has described as […]
Khiron Life Sciences Announces German Cannabis Distribution Deal
Khiron Life Sciences (TSXV: KHRN) has signed a German distribution deal with that of Nimbus Health for its medical cannabis products. Nimbus is a leading distributor of medical cannabis products within Germany. Under the terms of the arrangement, Khiron will see the first import and sale of its branded EU GMP medical cannabis products within […]
Aphria To Compensate Aleafia Health $29.1 Million For Failed Supply Agreement
Aleafia Health (TSX: AH) is getting paid. Specifically, it’s getting paid by Aphria Inc (TSX: APHA) (NASDAQ: APHA). The payment is related to a failed cannabis supply agreement entered into between Emblem and Aphria, which Aphria failed to uphold. Under the settlement agreement, Aleafia subsidiary Emblem Corp will receive total consideration of C$29.1 million. Consideration […]
PowerBand Sees D&P Convert US$6 Million Debentures To Equity Stake
PowerBand Solutions (TSXV: PBX) this morning announced that it has seen D&P Holdings convert US$6 million worth of debentures in PowerBand Solutions US to that of an equity stake. The conversion significantly improves PowerBand’s balance sheet while also demonstrating the commitment that D&P Holdings has to the company. The conversion of the debt into equity […]
Mawson Resources Begins Exploration Work In Australia And Finland
Mawson Resources (TSX: MAW) is recommencing activities at its Finland and Australia projects. In the case of Finland, activities have restarted that includes fieldwork being conducted on site, while in Australia the company has initiated a new exploration program in search of gold mineralization. Australian exploratory work includes reconnaissance exploration at Mawson’s Sunday Creek, Redcastle […]
Canopy Growth Amends Acreage Holdings Acquisition Terms
Canopy Growth Corp (TSX: WEED) (NYSE: CGC) and Acreage Holdings (CSE: ACRG.u) have amended their plan of arrangement initially put in place last year. The amended agreement will see a number of modifications, including an additional cash payment to current Acreage shareholders, a debenture loan to the multi state operator, the resignation of Kevin Murphy, […]
New Coronavirus Cases Surge By 30% In One Week As US States Lift Restrictions
As the US is well underway in lifting restrictions and reopening its economy, the number of coronavirus infections have been surging over the last several weeks. According to data compiled by John Hopkins University, the country’s seven day average number of new daily coronavirus cases has increased by over 30% since the previous week, with […]
Acreage Holdings: Analyst Q1 2020 Estimates
Tomorrow, Acreage Holdings (CSE: ACRG.u) reports their first quarter 2020 financials after the close of markets, which covers January 1st to March 31st. Here’s the ranges and estimates that analysts are expecting for this upcoming quarter through to current third quarter 2020 estimates. Acreage currently has exposure in 19 different states with facilities in 12 […]
Former Wirecard CEO Arrested Over Accusations of Falsifying Revenue
German payments provider Wirecard has recently been the subject of a scandalous revelation, after auditors discovered €1.9 billion in cash has gone missing. As a result, the company’s chief operating officer Jan Marsalek was suspended last week, and then fired come Monday. In the meantime, chief executive officer Markus Braun stepped down from his position […]