PowerBand Solutions Secures US$300 Million Lease Financing, Begins Lease Originations
The big day is here for PowerBand Solutions (TSXV: PBX) shareholders. The company announced this morning that its leasing division, MUSA Auto Finance, LLC has secured lease financing from a federally chartered financial institution to the tune of an initial US$300 million. The financing agreement enables the company to begin leasing vehicles to US consumers, […]
SKRR Exploration Closes $1.0 Million First Tranche of Financing
SKRR Exploration (TSXV: SKRR) has closed the first tranche of its ongoing private placement, raising gross proceeds of $982,500 through the sale of 3,930,000 units of the company. Net proceeds from the financing are largely to be utilized for ts ongoing exploration in the Trans Hudson Corridor within the province of Saskatchewan. Each unit was […]
iAnthus Capital Shareholders To Be Effectively Wiped Out In Recapitalization Transaction
It’s officially game over for current iAnthus Capital (CSE: IAN) shareholders. The company announced this morning that it has entered into a restructuring support agreement, with two scenarios being put into place. The first, results in current shareholders retaining 2.75% of the company. The second, results in the shareholders retaining 0%. The restructuring support agreement […]
Sunniva Sued For $2.3 Million In Relation To Unpaid Bills
At this point its simply unclear why Sunniva Inc (CSE: SNN) hasn’t declared bankruptcy. The company this morning announced that yet another lawsuit has been filed against the firm, this time in relation to its Sunniva Medical subsidiary, located in Okanagan Falls, BC. The lawsuit pertains to an assignment and amended agreement enter into with […]
Great Bear Expands Ongoing Exploration Program To Five Drill Rigs
Great Bear Resources (TSXV: GBR) has returned to normal operations despite the ongoing pandemic. The company announced this morning that it has returned to pre-pandemic levels of drill activity, with five active drill rigs now conducting exploration at its flagship Dixie Project in Red Lake, Ontario. The resumption of pre-pandemic drilling levels is expected to […]
JPMorgan Retracts Previous Optimism for US Stocks in Wake of Changing Coronavirus Reality
Despite JPMorgan issuing a relatively optimistic outlook earlier regarding the current and near future state of the US economy, much of that positive sentiment has since been reduced. According to the bank’s chief equity strategist Mislav Matejka, the second half of 2020 will now come affixed with a profoundly unattractive risk-reward, with stocks stocks continuing […]
Rebound in Oil Demand Remains at Risk of Coronavirus Resurgence
As the global demand for oil dried up significantly during the height of the pandemic, oil prices crashed and many producers were forced to reduce production. However, now that oil demand is beginning to rebound with the reopening of large economies around the world, a considerable risk still remains in the event that a resurgence […]
Biden Vows to End Era of ‘Shareholder Capitalism,’ Plans to Increase Corporate Tax if Elected
With the US federal election soon approaching, stock market investors are going to be in for a vastly different reality, depending on who gets successfully elected. Speaking at an event in Pennsylvania, Democratic nominee Joe Biden has criticized Donald Trump’s obsession with the stock market, and instead in pledging to put an end to the […]
Meat Processing Plants Turning to Robot Butchers to Reduce Coronavirus Infection Rates Among Workers
As the coronavirus pandemic continues to sweep across the US with record breaking infection rates, some companies took it as an opportunity to increase automation technology in the manufacturing sector. The Wall Street Journal recently reported that Tyson Foods has turned to replacing human meat cutters with robots, as a move to reduce risk of […]
Tesla Poised to Become First Stock to Amass $20 Billion of Short Interest
As Tesla’s (NASDAQ: TSLA) stock continues to surge to record levels, Elon Musk cannot help himself but poke fun at the losses short-sellers are currently succumbing to. According to recent data released by financial analytics company S3 Partners, Tesla has amassed $19.85 billion in short interest, meanwhile the EV maker’s stock surged to $1,544.65 on […]