Online Grocery Prices Surpass Consumer Inflation
As many Americans were under stay-at-home orders during the height of the pandemic, the demand for food and grocery e-commerce skyrocketed. Online grocery prices have significantly gone up in the first half of 2020, and even surpassed the latest consumer inflation numbers that were released by the Department of Labour. According to government data released […]
Red Light Holland, Pharmadrug Enter Share Exchange Agreement
It appears that Red Light Holland (CSE: TRIP) and Pharmadrug Inc (CSE: BUZZ) have entered into a securities exchange agreement with each other. The justification for such an agreement appears to be that both entities operate in the Netherlands in the same segment – however its unclear what benefit the share exchange is actually supposed […]
Kalytera Announces Private Placement To Pay For Auditor And Accounting Fees
Kalytera Therapeutics (TSXV: KLY) appears to be in quite the pickle. The company announced this morning that it has received conditional approval this morning to conduct a private placement for gross proceeds of $485,000, despite being halted under a failure-to-file order. Why the financing? So that the company can afford to have its financials audited […]
K92 Mining Releases Assays on 37 Drill Holes At Kainantu Gold Mine
K92 Mining (TSXV: KNT) this morning reported extensive assay results from its ongoing drilling at its Kainantu gold mine, located in Papua New Guinea. Results released include highlights of 10.4 metres of 24.81 grams per tonne gold, 11 grams per tonne silver, and 0.28% copper. The drill results released come from a total of 37 […]
WeedMD Posts Net Revenues Of $12.2 Million, Loss Of $9.0 Million In Q1 2020
WeedMD Inc (TSXV: WMD) filed its first quarter 2020 financial statements late last night, revealing net revenues of $12.2 million and a comprehensive loss of $9.0 million for the period ended March 31, 2020. Revenues were up substantially on a quarter over quarter basis, largely a result of bulk wholesale sales the occurred during the […]
Coronavirus is Becoming 30% More Infectious After Mutated Strain Confirmed in Hong Kong
A new strain of the deadly coronavirus has been discovered in Hong Kong, and according to medical experts, it is 30% more infectious compared to the onset of the virus outbreak. The dean of the medical school at the University of Hong Kong, Professor Gabriel Leung has confirmed that there in fact has been a […]
GM Down to Two Shifts at Missouri Plant After Employees Stop Showing Up as Coronavirus Fears Mount
As coronavirus cases continue to rise at alarming levels across the US, many Americans have opted to avoid their place of work in fear of infection risk. Despite governments and employers urging workers to return to work in lieu of sitting at home collecting unemployment benefits, the continued rise in coronavirus infection rates has many […]
China Anticipating its New Vehicle Sales to Fall by 10-20% in 2020
Although most auto manufacturing companies have returned to full production by now following a period of mandated shutdowns, the pre-pandemic demand for new vehicles has not followed suit. According to the China Association of Automobile Manufacturers, auto sales for the remainder of 2020 are expected to plunge anywhere between 10% to 20% amid the coronavirus […]
Canadian Federal Government Extends Wage Subsidy to December
As many Canadians return to work following the easing of restrictions across the country, the federal government has decided to extend the duration of its wage subsidy program to December. On Monday, Prime Minister Justin Trudeau announced the federal government’s extension of the wage-subsidy program, after boosting its budget to $82.3 billion last week. The […]
Aurora Cannabis, Aphria Said To Have Walked From Potential Merger Over Executive Compensation
It’s been reported by BNN Bloomberg that Aphria Inc (TSX: APHA) (NASDAQ: APHA) and Aurora Cannabis (TSX: ACB) (NYSE: ACB) recently explored the topic of a merger, whereby Aphria would become the majority holder of the resulting issuer. The report from Bloomberg comes weeks after Twitter user @BettingBruiser originally reported on the matter. Unsurprising to […]