US Credit Card Debt Falls 9% Despite Poor Economic Conditions
What has lead to the largest economic contraction since the Second World War, the coronavirus pandemic has made the year 2020 like no other, with widespread lockdowns, unemployment, and record government spending. Thus, it comes as no surprise that consumer behaviour has also changed as a result of the pandemic, especially how Americans use their […]
Tesla’s European Factory Construction Halted Following Environmental Concerns
Over the past several days, Tesla’s value soared to an astronomical $611 billion market cap for the first time, situating the electric car manufacturer into the exclusive club of the top-five S&P 500 companies. Although the stunning market cap milestone was largely fuelled by nothing more than excessive speculation about the company’s future endeavours, Elon […]
Datametrex Launches Nexalogy SMART AI-Based Technology
Datametrex AI Limited (TSXV: DM) subsidiary Nexalogy has launched its Social Media Automated Reporting Technologies (SMART) as well as completed the IDEaS program Component 1b Milestone 4. The completion of the milestone will see the company receive roughly $218,000 as a result through the IDEaS program offered by the Government of Canada. The program as […]
Bank of Canada Will Maintain 0.25% Target Rate, Continue With Bond Purchases
As Canada’s economy continues to experience prolonged slack amid a resurgence of Covid-19 cases and reintroduced lockdowns in some regions across the country, the Bank of Canada reiterated its position on keeping interest rates historically low for the foreseeable future. According to a statement issued on Wednesday, BoC Governor Tiff Macklem and policy makers announced […]
Taking On The Functional Mushroom Market – The Daily Dive Feat Ben Nikolaevsky Of Pure Extracts
Ben Nikolaevsky of Pure Extracts (CSE: PULL) returns to The Daily Dive for this afternoon’s episode. He sits down with our host Cassandra Leah to discuss the functional mushroom market and the firms involvement within the growing space. Ben focuses exclusively on the functional mushroom market, referring to its as the “CBD of 2020.” Pure, […]
Canopy Growth Shutters Facilities Across Country, Impacting 220 Employees
The outlook for cannabis operators in Canada is appearing bleak, with the announcement this morning by Canopy Growth Corp (TSX: WEED) (NASDAQ: CGC) that it is shuttering numerous facilities across the country, along with its outdoor grow operations. In total, 220 employees are said to be impacted by the closures. The cuts to production are […]
Medmen: Canaccord Reiterates $0 Price Target, Sell Rating
On December 7th, Medmen Enterprises’ (CSE: MMEN) reported first-quarter fiscal 2021 financial results. Medmen reported revenues of $35.6 million, up 31% quarter over quarter. Gross margins improved to 47% from 40% while the company reduced total SG&A and corporate SG&A by 21% and 29% sequentially. Medmen currently has five analysts covering the company with a […]
Grande Portage Intersects 4.50 Metres Of 11.78 G/t Gold At Alaskan Gold Project
Grande Portage Resources (TSXV: GPG) this morning released further assay results from its Herbert Gold Property in Southeast Alaska. Highlights from the latest assays include 1.48 metres of 29.21 g/t gold within the Ridge structure, along with 4.50 metres of 11.78 g/t gold from within the Deep Trench vein. Results released this morning are from […]
Starr Peaks Assays Grab Samples At 157 G/T Gold At Turgeon Lake Property
Starr Peak Exploration (TSXV: STE) has finally received assay results from sampling that was conducted on its recently acquired Turgeon Lake gold property within the Abitibi region of Quebec back in September. Highlights from the grab samples collected include mineralization as high as 157.00 g/t gold. Grab samples were collected at both the Rousseau gold […]
GoGold Intersects 61.4 Metres Of 204 G/T Silver Equivalent At Los Ricos North
GoGold Resources (TSX: GGD) has released further assays in what has become a slow release of results from its La Trini deposit at the Los Ricos North property. Highlights from the latest data dump include 3.4 metres of 2,765 g/t silver equivalent, within 61.4 metres of 204 g/t silver equivalent from hole LRGT-20-070. Going forward […]