GM to Overhaul Cadillac With New All-Electric Lyriq SUV at a $60K Price Tag
General Motors has put its electrified assembly line into overdrive, and will begin producing its highly-anticipated Cadillac Lyriq SUV nearly one year ahead of schedule. The Lyriq is expected to make its showroom debut as early as 2022, touting a price tag of just below $60,000, with nearly all options included. This is one of […]
Tesla Faces Increased Scrutiny After Consumer Reports Discovers Tesla Autopilot Works Without Anyone Behind Wheel
Tesla has been dominating the spotlight this week, albeit not in a positive way. The electric car maker has been the subject of increased scrutiny and threats of regulatory probes, after a Model S was involved in a crash that killed two occupants. Then, in a further blow, Consumer Reports published a bombshell analysis that […]
Verano: Canaccord Reiterates Ratings Following Pennsylvania Purchases
On April 22nd, Verano Holdings (CSE: VRNO) announced that they acquired two cultivation licenses in Pennsylvania, one of which is operational with 62,000 square feet of cultivation space, and six dispensary permits for U$175.5 million cash. The transaction is reportedly made up of U$66 million cash, U$49.5 million in shares, and a potential earnout of […]
IATA: Airlines Slated to Lose $48 Billion in 2021 as Travel Restrictions Continue
Global airline carriers could face up to $48 billion in losses this year, as the sector continues to struggle through a meaningful recovery from the Covid-19 pandemic. The latest figures, which were published by the International Air Transport Association (IATA) on Wednesday, are about 25% worse than a previous forecast that called for a $38 […]
Bitfarms: Investors Ignore Low-Cost Power Purchase Agreement in Argentina
On April 19, Bitfarms Ltd. (TSXV: BITF) announced that it had finalized an attractive power purchase agreement with a utility-grade private power producer in Argentina. Under the accord, Bitfarms can purchase up to 210 megawatts (MW) of power over an eight-year period. Over the first four years of the deal, the electricity purchase price will be […]
Bitcoin Plummets Below $50K as Markets React to Biden’s Capital Gains Tax
Bitcoin and other major cryptocurrencies plummeted on Friday, after details surrounding the Biden administration’s proposed capital gains tax surfaced. On Friday morning, bitcoin plunged to below US$50,000 for the first time since the beginning of March, after it was revealed that President Biden plans to raise the capital gains tax for those making over $1 […]
Roscan Gold Continues To See Positive Drilling Results At West African Gold Property
On April 19, Roscan Gold Corporation (TSXV: ROS) reported constructive assay results from its 12-hole, 2,205-meter drilling program at the Southern Mankouke Zone on its flagship Kandiole Project in Mali, West Africa. Specifically, hole DDMAN21-93 intersected 7.52 grams of gold per tonne (g/t) of resources over a 19-meter segment, including 21.28 g/t of gold over a […]
Ayurcann: The Newest Potstock To Hit The Canadian Market – The Daily Dive
For the final episode of The Daily Dive this week, our host Cassandra Leah sits down with Igal Sudman, CEO of Ayurcann Holdings (CSE: AYUR). Igal joins us this morning to discuss Ayurcann, one of the newest issues on the CSE. Within, he provides the two minute elevator pitch, describes the business model of the […]
New Home Prices Across Canada Continued to Rise in March
New home prices continued their upward trajectory in March, following one of the largest monthly jumps on record in February. On Thursday, Statistics Canada reported that new home prices across Canada jumped by 1.1% last month, as prices remained elevated in 23 of the 27 census metropolitan areas (CMAs). The largest monthly increase was noted […]
Norway to Begin Testing a Central Bank Digital Currency Following 4 Years of Research
Norway, one of the world’s most cashless societies, is slated to begin testing various applications for a central bank digital currency, in an effort to further reduce cash transactions. As first reported by Reuters, Norges Bank has revealed it will move ahead with experimental testing to increase its knowledge of the cryptocurrency sector, and to […]