US Unemployment Rate Slides to 6.9% as October Job Growth Surpasses Expectations
October employment levels in the US came in better than expected, with the unemployment rate suddenly falling from 7.9% to 6.9%. Nonfarm payrolls rose by 638,000, which surpassed the 530,000 gain and resulting unemployment rate of 7.7% projected by economists surveyed by Dow Jones. The Bureau of Labour Statistics also reported a decline of 1.52 […]
Canopy Growth: Canaccord Forecasts $119.2 Million In Q2 Net Revenues
This morning, Canaccord Genuity released their second-quarter earnings preview for Canopy Growth Corp (TSX: WEED) (NYSE: CGC). Canopy Growth will be reporting their results for the period ending September 30th on Monday, November 9th, before market open and their investor call will be at 10:00 am. Matt Bottomley, Canaccord’s cannabis analyst, has a C$22.00 price […]
Canada’s Unemployment Rate Falls by 0.1% in October as Labour Recovery Slows
It appears that Canada’s economic recovery efforts continue to be stalled amid the recent surge in coronavirus cases. According to the latest Statistics Canada Labour Force Survey, the unemployment rate dropped by 0.1% to 8.9%, as Canada’s employment levels rose by 84,000 in October. The slowdown in the labour market recovery has become apparent after […]
Ayr Strategies: Canaccord Reiterates Rating Following Arizona Transaction
This week, Canaccord Genuity came out with a note reiterating their C$25 price target and a speculative buy rating on Ayr Strategies (CSE: AYR.A). This comes after the company announced that they have expanded into their fifth state with an Arizona acquisition immediately following the passage of a recreational ballot measure in the state. The […]
US Companies Join Mass Exodus Out of Cities as Pandemic Spirals Out of Control
As the trend of mass city exodus continues, it appears that companies have now joined all of the Americans migrating in droves into the suburbs and rural communities. As many city dwellers hightail it out of congested downtown living conditions not only due to out-of-control coronavirus infection rates, but also due to growing social unrest, […]
HIVE Blockchain Nearly Doubles Bitcoin Mining Capacity
HIVE Blockchain Technologies (TSXV: HIVE) appears to be heavily focused on expansion, with the company announcing this morning that it has acquired further computing power for the purpose of mining bitcoin. The company in total acquired 1,240 MicroBt WhatsMiner M30S miners via an arrangement with DMG Blockchain Solutions Inc (TSXV: DMG). Acquired at a cost […]
Aleafia Health Harvests 31,200 Kilograms Of Flower From Outdoor Crop
Aleafia Health (TSX: AH) this morning released its cultivation results from the 2020 outdoor harvest, revealing that approximately 50,000 plants yielded a total of 31,200 kilograms of cannabis. The majority of the product is slated to be utilized for biomass extraction. While the company identifies that the yields collected this year, “represents a shift in […]
Harborside To Expand Capacity At Salinas Farm, Launch Branded Clone Sales
Harborside Inc (CSE: HBOR) is evidently focused on expansion. The company this morning announced a planned expansion of its cultivation operations in Salinas, California, while also announcing the commencement of sales in a new branded category – cannabis clones. The expansion at the 47 acre Salinas production campus will see upgrades conducted at one of […]
Digimax To Launch Trial Of AI Based Crypto Trading Tool In December
Digimax Global Solutions (CSE: DIGI) this morning announced that it will be offering a free trial version of its previously announced Crypto Currency Trading Tool that is set to launch in December. The free trial will be made available to qualified users starting early next month. The Crypto Currency Trading Tool is said to be […]
TerrAscend Acquires Maryland Assets From Curaleaf In US$27.5 Million Deal
Curaleaf Holdings (CSE: CURA) apparently is looking to dispose assets. It was announced this morning that TerrAscend Corp (CSE: TER) has signed a definitive agreement with the firm to acquire HMS Health LLC and HMS LLC from the operator. Both of the assets are located in the state of Maryland. TerrAscend will acquire the entire […]