Ford Boosts Spending on Electric Vehicles to $30 BILLION By 2025
Shares of Ford soared to a new five-year high, after the automaker announced that it would increase spending on its electric vehicle fleet by 36% over the next four years. According to a statement on Wednesday, the American automaker plans to up its spending towards EV technology to US$30 billion, which will help reach its […]
China’s Banking Regulator Bans Lenders from Selling Commodity-Related Products to Retail Investors
Amid the volatile jump in commodity prices, China’s banking regulator has ordered lenders to halt the sale of commodity futures-related investment securities to retail investors, in an effort to stem surging losses. According to Reuters, which cited people familiar with the matter, the China Banking and Insurance Regulatory Commission (CBIRC) has asked the lenders to […]
Tesla Abandons Radar Sensors Amid Mounting Scrutiny Following Fatal Crashes
It appears that there is a significant amount of damage control going on at Tesla. CEO Elon Musk announced the EV maker will be ditching its radar sensor for a “camera-focused Autopilot system,” as scrutiny continues to mount following a number of high-profile crashes involving its Autopilot and Full Self Driving features. On Tuesday, Tesla […]
Good Natured Products Reports Q1 Revenues Of $7.9 Million, Net Loss
Good Natured Products Inc. (TSXV: GDNP), today announced its Q1 results, recording revenues for the first quarter of $7.9 million, compared to last years figure of $3.1 million, an increase of 159%. The company also reported that it incurred a net loss of $1.9 million for the three month period. Gross profit was recorded at […]
Victoria Gold Announces Share Buy-Back Program
Victoria Gold Corp. (TSX: VGCX) this morning announced its plans to start a normal course issuer bid and buy back its previously issued common shares. The company may purchase the shares from June 1, 2021, to May 31, 2022. Under the terms of the agreement, Victoria Gold is permitted to buy back up to 3,122,493 […]
Exploits Begins Turning Drills At Schooner Prospect
Exploits Discovery (CSE: NFLD) has mobilized for its 2021 drill program. The company this morning announced that drilling is set to begin today at its Schooner North prospect at its Mt Peyton Project within the Exploits Subzone of Newfoundland. The drill program being commenced this morning is set to test the Schooner Fault Zone, as […]
Kontrol Technologies To Raise $8.5 Million Via Private Placement
Kontrol Technologies Corp. (NEO: KNR) recently announced that it has entered into a securities purchase agreement for a private placement with institutional investors to raise $8.5 million. The company will issue up to 5,666,332 shares and warrants to purchase up to 2,833,166 shares. Under the agreement, Kontrol Technologies will be offering units of the company […]
QYOU Media Adds Additional Advertisers, Sees Continued Strength In Ratings
QYOU Media (TSXV: QYOU) continues to see success for its media platform in India. The company this morning announced that it has signed additional advertisers over the past week for its flagship channel, The Q India. The latest advertisers to join the ranks of Pepsi, Unilever, Amazon, and more include that of Abbot India and […]
WELL Health Sees CRH Take Majority Stake Of Two Anesthesia Practices
WELL Health Technologies Corp. (TSX: WELL) announced this morning that its recently acquired subsidiary CRH Medical Corporation has completed the acquisitions of 51% equity interest in Northern Indiana Anesthesia Associates and an add-on anesthesia practice in Bradenton, Florida. These are the 35th and 36th acquisitions of CRH for 2021, respectively. The Indiana-based group practice provides […]
Ayurcann Announces Manufacturing Arrangement With Joints Cannabis
Ayurcann Holdings (CSE: AYUR) this morning announced that it has entered into a new supply and manufacturing arrangement. The arrangement has been entered into with that of Joints Cannabis, a premium CBD health and wellness brand. The arrangement will see Ayurcann supply the firm with CBD distillate, isolate and THC distillate for their health and […]