Hexo Reduces The Consolidation Ratio For Common Shares
Hexo Corp (TSX: HEXO) (NYSE: HEXO) shareholders are undoubtedly celebrating this morning, following the announcement by the company that the proposed share consolidation will be seeing a downward revision. The revision is in light of the recent rise in share price for the company, with the consolidation being a necessity to regain compliance with US$1.00 […]
Daimler Invests $85 Billion Towards Electrification in Bid to Catch up with Tesla
Daimler, which is the parent company of Mercedes Benz, recently announced it plans to invest upwards of US$85 billion between 2021 and 2025 to speed up its transformation towards digitization and electrification. As reported by Electrek, Daimler revealed that it will be allocating $85 billion towards accelerating the company’s vision in competing with Tesla in […]
Canarc Resource: Disappointing Drilling Results at Hard Cash Property
On November 17, Canarc Resource Corp. (TSX: CCM) announced disappointing drilling results on the Hard Cash property in Nunavut, Canada, a property which Canarc listed as one of its six core properties in its November 2020 investor presentation. Interestingly, Canarc disclosed its decision on Hard Cash the day after it closed on a C$8.4 million private placement of […]
Toronto Proposes Vacant Home Tax in Bid to Boost City’s Housing Supply
As the exodus out of major downtown city areas begins to gain traction in Canada, the City of Toronto is proposing an unconventional method of incentivizing the city’s rental market. According to a recent policy analysis that is being proposed by City of Toronto staff, the city should implement a tax on vacant homes in […]
Numinus Wellness: Hot Damn! I’ve Never Invested In A Psychedelics Company Before!
The marijuana trade hadn’t even fully fallen apart yet when the first mushroom companies started showing up in Canada, and the continuing abject failure of every single public cannabis company as a business isn’t liable to deter the finance industry from making and slinging mushroom product. Nobody gets anywhere in microcap drug stocks without giving […]
Second Pandemic Wave Threatens to Push Economy into Double-Dip Recession, Decimate US Dollar: Stephen Roach
Although positive vaccine news are pushing markets to historically high gains, the US economy is still at a very volatile stage, with the US dollar likely to be dealt even further detrimental blows. According to former Morgan Stanley chief economist Stephen Roach, the surge in daily coronavirus infections across the US, which have been exceeding […]
Grande Portage: Encouraging Gold Assays From Alaska Project
Grande Portage Resources Ltd. (TSXV: GPG) is making good progress at its Herbert Gold Project in southwestern Alaska’s Juneau Gold Belt, 25 km north of the city of Juneau. The project is in close proximity to the Kensington Mine operated by Coeur Alaska that produced 128,000 ounces of gold in 2019. On November 24, 2020, […]
US Unemployment Rate Fell to 6.7% in November as Labour Market Continues Weakening Trend
As was likely anticipated given the soaring number of Covid-19 cases and reintroduction of lockdown restrictions in some states, America’s labour market has not been recovering as steady as a $2.2 trillion stimulus bill would have liked to accomplish. According to the latest Bureau of Labour Statistics data released on Friday, the US unemployment rate […]
Market Movers: Currencyworks
The Bitcoin trade is back on, so here comes Currencyworks (TSXV:CWRK) on the climb to $0.245 from $0.05 on 10 million shares worth of volume over the past two days. It’s like the market decided that the 2017 narrative about blockchain tech evolving beyond ledgers that facilitate currencies is more believable now that there’s a […]
Lite Access Tech Loses Major Customer With Contracts Worth $53 Million
Lite Access Technologies (TSXV: LTE) this afternoon announced that it has lost a major customer along with numerous contracts following a suspension of work conducted at the end of November. The suspension, which was a result of the COVID-19 pandemic, has resulted in the customer cancelling all contracts that it has in place with the […]