Elon Musk Optimistic Tesla Will Begin Mass Production of Battery Cells by 2022
Although many people have reduced their travel amid the coronavirus pandemic, it appears that the EV market continues to surpass expectations. Tesla, which last night held its long-awaited Battery Day, announced that it will begin mass producing its own batteries at its Fremont plant, which will put the company one step closer to full vertical […]
Canopy Growth, Acreage Complete Amended Arrangement, Certain Acreage Shareholders To Be Issued Dividend
Canopy Growth Corp (TSX: WEED) (NYSE: CGC) and Acreage Holdings (CSE: ACRG) jointly announced this morning that the amended arrangement, as previously announced, has been implemented by Acreage. The changes effectively modified Acreage’s share structure to enable a more defined acquisition arrangement with Canopy, should federal legalization of cannabis occur in the US over the […]
Troilus Gold Announces 20,000 Metre Drill Program For Fall 2020
Troilus Gold Corp (TSX: TLG) announced a new 20,000 metre drill campaign this morning for its flagship Troilus property near Chibougamau, Quebec. The newly announced drill program is expected to be completed yet in 2020, with the company focused on expanding the current mineral resource estimate that the property has. Drilling during the fall campaign […]
GoGold Hits 528.6 G/t Silver Equivalent Over 11.0 Meters At Los Ricos North
GoGold Resources (TSX: GGD) this morning released the first results from exploration program at the Salomon-Favor target at the Los Ricos North project, located in Mexico. Highlights from the assays released include 41.7 meters of 168.4 grams per tonne of silver equivalent over 41.7 metres, including 11.0 meters of 528.6 grams per tonne silver equivalent. […]
Mind Cure Receives Health Canada Approval For Sale Of Moonbeam Mushroom Products
Mind Cure Health (CSE: MCUR) has received the required authorizations from Health Canada for its functional mushroom products to begin to be sold within the country. The company has seen its branded Moonbeam Mushrooms products issued Natural Product Numbers the agency, enabling for the sale of the products at retailers. The authorizations put the product […]
US COVID-19 Death Toll Surpasses 200,000 as Country Braces for Third Wave
As the US rushes to manufacture and approve a coronavirus vaccine, the number of infections and deaths continue to climb at an alarming rate. As of Tuesday, the deadly virus has killed more than 200,000 Americans since it was first detected nearly eight months ago, surpassing the number of American soldiers that were killed during […]
Aurora Cannabis Posts Q4 Revenues Of $72.1 Million, Loss Of $1.9 Billion, Loses $3.3 Billion On The Year
Aurora Cannabis (TSX: ACB) (NYSE: ACB) reported its fourth quarter financial results for the period ended June 30, 2020 this evening, reporting fourth quarter revenues of $72.1 million, a 5% decline from the prior quarter, along with a net loss of $1.9 billion for the quarter. Looking at the full fiscal year, the company reported […]
Trulieve: Canaccord Raises Price Target From $45 To $51
Last week, Trulieve Cannabis (CSE: TRUL) announced that they are acquiring two Pennsylvania companies, PurePen LLC and Solevo Wellness, which will make them a fully integrated Pennsylvania cannabis company while also expanding their footprint to five states. They agreed to acquire PurePenn for $46 million, $27 million in the way of Trulieve shares, and $19 […]
US Existing Home Sales Up by 10.5% From Year Prior as Prices Reach New Record
Much like the Canadian housing market appears to be immune to the economic fallout from the pandemic, south of the border it appears to be a similar story. According to data released by the National Association of Realtors (NAR), the month of August saw a new record set in terms of existing home sales in […]
Global Debt Levels Skyrocketing by Unprecedented Levels Amid Pandemic
As the coronavirus pandemic continues to deepen, plunging the world economy into a despair of towering debt via continuous central bank stimulus and quantitative easing, it really makes one wonder how has the financial system made it this long – without completely and utterly collapsing? Well, the analogy of “fighting fire with fire” certainly comes […]