Apple Faces Lawsuit in Italy Over iPhone Battery Life
It appears that Apple is in hot water once again, this time about making misleading claims regarding the battery life of older iPhones. Altroconsumo, an Italian consumer organization, on Monday announced it has filed a class-action lawsuit against Apple, alleging the iPhone manufacturer of planned obsolescence. The association is seeking $73 million in damages, after […]
Has The Market Baked In A Large Stimulus Package? – The Daily Dive feat Brian G. Belski
Starting off the week for the Daily Dive is that of Brian G. Belski, Chief Investment Strategist at BMO Capital Markets. Brian joins us this morning to give his take on on the current state of the markets. Within, we quiz Brian on his methods of stock picking, the current macro risks he sees within […]
Major Russian Bank Set to Launch its own Stablecoin in 2021
A number of central banks around the world have been mulling the use of digital currencies for some time now, with several of them moving ahead and conducting pilot projects. Recall, the People’s Bank of China revealed in early 2020 that it has issued a digital version of its currency, with the pilot project slated […]
Canadian Retail Sales Increased 1.3% In November Following Surge in Online Shopping
For the seventh consecutive month, Canadian retail sales posted the fastest increase since September, rising by 1.3% to 55.2 billion in November. However, according to Statistics Canada’s preliminary estimates for December, the momentum will likely be dampened, despite the holiday shopping season. The increase in retail sales for November was largely led by higher e-commerce […]
Alpha Lithium To Conduct $10.0 Million Bought Deal Financing
Alpha Lithium Corp (TSXV: ALLI) this morning announced that it has entered an arrangement with Echelon Wealth partners and Leede Jones to conduct a $10.0 million bought deal financing. The transaction will see units of the company at a price of $0.81 per unit. The financing will see the sale of 12.4 million units of […]
iAnthus Capital Sees Former Officer File Complaint Against Firm Related To New Jersey Operations
It appears that iAnthus Capital Holdings (CSE: IAN) is going head to head with that of former director and chief strategy officer Elizabeth Stavola. The company announced a number of developments this morning, including the receipt of a complaint in the Superior Court of New Jersey by that of MPX NJ, which is majority owned […]
Amex Exploration Hits 31.87 G/T Gold Over 5.10 Metres At New Discovery
Amex Exploration (TSXV: AMX) this morning announced the discovery of a new high grade gold structure at Perron following the return of drill results from the ongoing 300,000 metre drill program being conducted on the property. The company this morning reported highlight values of 31.87 g/t gold over 5.10 metres. The new zone is reportedly […]
Canada Nickel Reports 52% Nickel Recovery In Testing At Crawford Project
Canada Nickel Company (TSXV: CNC) this morning announced the results of metallurgical testing at its Crawford Nickel-Cobalt Sulphide project. Testing has revealed nickel recovery of 52% from a high grade core sample. Half of the nickel recovered reportedly is in a high grade concentrate at 37%, while standard grade concentrate returned a grade of 13%. […]
Therma Bright Ends Arrangement With Torian Biosciences, Assumes 100% Control Of Saliva Rapid Test
Therma Bright (TSXV: THRM) has taken back control of the research and development, regulatory, manufacturing and commercialization of its saliva-based COVID-19 rapid antigen test. The move enables the company to retain all potential future revenues from the sale of the test, if it achieves that point in its development. The company had previously entered into […]
Valens Company Announces $24.9 Million Acquisition, $35 Million Bought Deal
The Valens Company (TSX: VLNS) this morning expanded its cannabis 2.0 product offerings with the announcement of the acquisition of LYF Food Technologies. The company is primarily an edibles producer, while focusing on white label manufacturing and infusion. The company listed a number of strategic highlights in connection with the acquisition, with the company having […]