Green Thumb Formally Responds To Claims Made By Chicago Tribune
Green thumb Industries (CSE: GTII) this morning formally responded to a Chicago Tribune article that was released on March 29. The article had alleged that federal investigations into the firm were currently ongoing for potential pay-to-play violations while obtaining state licenses. The Tribune article had alleged that undisclosed sources provided data that stated the company […]
Willow Biosciences Commercializes Fermentation Of CBG At Scale
Cannabinoids have officially been produced at commercial scale via fermentation. The landmark announcement was made by Willow Biosciences (TSX: WLLW) this morning, with the company announcing that it has completed its first commercial scale fermentation of cannabigerol, or CBG. The announcement marks a milestone for the company and for the sector as a whole. Willow […]
Medipharm Labs Reports Q4 Revenues Of $6.1 Million, Net Loss Of $30.9 Million
Medipharm Labs (TSX: LABS) this morning reported its fourth quarter financial results for 2020. Revenues for the quarter amounted to $6.1 million, a 22% increase on a quarter over quarter basis, while posting a net loss of $30.9 million. For the full fiscal year, revenues amounted to $36.0 million, with the firm posting a net […]
EarthRenew Sees Strong Growth In Electricity Revenue To Start 2021
EarthRenew Inc (CSE: ERTH) this morning provided a market update for its electricity production facility in Strathmore, Alberta. The facility saw strong demand for the first two months of 2021 with production significantly exceeding the year ago period. The plant for the first two months of 2021 reportedly generated 845.17 MWh of electricity, resulting in […]
Canadian Consumer Confidence Soars to New Record Amid Housing Boom
Consumers across Canada are becoming increasingly optimistic about the country’s economic recovery, as the ongoing vaccine rollout continues to accelerate and the housing boom gains even more momentum. The latest Bloomberg Nanos Canadian Confidence Index print, which measures consumer sentiment via household surveys, rose to 63.7 last week— the highest reading on records dating back […]
Greenidge Generation Transaction With Support.com Holds Potential
On March 22, private Bitcoin miner Greenidge Generation Holdings executed essentially a “do-it-yourself” SPAC transaction by merging via a share-for-share deal with Support.com Inc. (NASDAQ: SPRT), a small cap provider of customer and support solutions prepared by home-based employees. The merger is expected to close in 3Q 2021. Greenidge, a uniquely structured miner because it owns […]
Is The Biden Administration Serious About Cannabis Reform? – The Daily Dive feat Rob Sechrist
Today on the Daily Dive, host Cassandra Leah sits down with that of Rob Sechrist, Co-Manager of the Pelorus Fund, which is a cannabis-use CRE mortgage REIT. Rob joins us this afternoon to discuss his experiences in diligencing private operators before making investments, the profile he uses for lending, as well as a rundown of […]
Hedge Fund Default Triggered $30 Billion Stock Selloff
A mysterious selloff late last week caused a significant decline in Wall Street’s main indexes on Monday, as several major global banks revealed they faced potential losses to the tune of billions of dollars after a hedge fund defaulted on its margin calls. Last Friday, Morgan Stanley, Goldman Sachs Group Inc., and Deutsche Bank AG […]
Visa Settles First Crypto Payment, Marking Milestone for Industry
International payment system Visa announced it is in the midst of testing payment settlement in USD Coin (USDC), becoming the first major platform to conduct transactions directly in a stablecoin. As the mainstream financial system becomes more receptive to digital currencies, Visa’s latest pilot program shows promising results. Earlier this month, Visa conducted a settlement […]
PowerBand Solutions Appoints Jon Lamb CEO Of Musa Holdings
PowerBand Solutions (TSXV: PBX) this morning announced a management change. The firm has seen the appointment of Jon Lamb, formerly the president of DRVRZ US, to the role of CEO of MUSA Holdings. Originally joining PowerBand in January of this year, Lamb has quickly demonstrated his ability with the firm, thus his promotion to the […]