Trudeau Begins Plans for CERB Phase-Out, Government Aid To Be Replaced by Employment Benefits
The Canadian federal government has stated it will begin to phase out the Canadian Emergency Response Benefit (CERB), and will instead transition those in need of income support to employment benefits. On Friday, Canadian Prime Minister Justin Trudeau unveiled his plan to begin winding down the CERB benefits that over 8.5 million Canadians have been […]
Aphria: PI Financial Raises Price Target, Canaccord Reiterates Target
Last week, Aphria Inc (TSX: APHA) (NASDAQ: APHA) reported their year-end and fourth-quarter financial statements. Reported net revenue was C$152.2 million, up 6% quarter over quarter and EBITDA was C$8.6 million for the quarter. With gross cannabis sales of C$65.5 million, recreational revenue came in at C$56.7 million, or a 27% quarter over quarter increase, […]
Nearly 25% Of Household Income In The US Comes From Coronavirus Government Payments
As the US economy crumbled under the weight of the pandemic, unemployment numbers soared, and consumer spending dwindled to record-low levels. In response, the federal government unveiled a series of emergency benefits such as employment benefit top-ups and stimulus checks in order to prop up the economy for the time beingn- or until the threat […]
World Class Extraction, And Its Place In The Cannabis Capital Ecosystem
We begin our extended metaphor in August of 2017, when first mover potcos were the masters of the legal marijuana universe. As the holders of ultra-scarce cannabis licenses (only 55 licenses had been issued in Canada at the time), the big licensed producers were de-facto apex predators. Competition for capital – the life blood of […]
Coronavirus Cases Continue to Soar Across the US, Surge in Death Rates Follows Suit
As the coronavirus pandemic continues to spread around the world, there is one country in particular that has been faring less well than most others: the US. To date, there have been a total of 4.58 million confirmed COVID-19 cases, and over 154,000 deaths across the country; even more startling however, is the alarming daily […]
MedMen Sees Founders Sell Shares Continuously Through July
Evidently, now is a bad time to hold equity in Medmen Enterprises (CSE: MMEN) – that is, if you’re one of the companies original founders. Last night, a large data dump was filed by both Adam Bierman and Andrew Modlin, the founders of the company. Within, they both reveal that they have continuously sold their […]
Continued Pandemic Uncertainty Causes Bank of America to Defer $7.7 Billion in Commercial Loans
In response to a struggling economy amid the coronavirus pandemic, the Bank of America has decided to defer a total of $7.7 billion in loans for its commercial clients. As of July 23, nearly 2% of the bank’s commercial clients have had their loans modified in some way, such as payment deferrals for durations up […]
iAnthus Files Fiscal Year 2019 Financial Statements, Posting Net Loss of $301.2 Million
iAnthus Capital Holdings (CSE: IAN) unbelievably filed its fourth quarter financials last night, reporting revenues of $27.2 million, with a loss of $258.4 million. The significant loss was a result of impairments to the tune of $234.2 million in goodwill reductions. Full earnings for the fiscal year amounted to revenues of $78.3 million, and a […]