Valens Company Closes On US$40 Million Purchase Of Green Roads
The Valens Company (TSX: VLNS) has entered the US market. The company this morning announced that it has closed on the previously announced acquisition of Green Roads, a US-based CBD health and wellness brand. The transaction marks the first foray into the US market for cannabinoids for Valens, with Green Roads reportedly being a leading […]
Canadian Mortgage Debt Surges by Most in Decade Amid Housing Boom
Canadians’ debt levels have been sent surging by the most in over a decade, as the scramble towards property purchases accelerates across the country amid the Covid-19 pandemic. According to Statistics Canada, household mortgage debt rose 1% in April to $1.69 trillion, marking the sharpest increase since 2010. Relative to April 2020, household mortgage debt […]
Canadian New Home Prices Rose 1.4% In May
New home prices were up 1.4% across Canada in May, with 19 of the 27 census metropolitan areas noting some form of increase. The largest monthly increase was reported in Winnipeg, where prices for new homes jumped 5.1% as demand continued to exceed supply. Similarly, Calgary new home prices rose 3.7% month-over-month, marking the sharpest […]
‘The Big Short’ Michael Burry Warns Retail Investors of Crypto, Meme Stock Dangers
Famed investor Michael Burry, who is best known for successfully betting against subprime mortgages ahead of the 2008 financial crisis, published a series of since-deleted tweets on Thursday, warnings retail investors of the dangers of a crypto and meme-stock collapse. “All hype/speculation is doing is drawing in retail before the mother of all crashes,” Burry […]
EU Proposes Ban on all New Cars Powered by Combustion Engines Come 2035
Gasoline and diesel-powered vehicles may soon become obsolete across the European Union, as regulators push for more stringent emissions-reducing rules. According to Politico, which cited EU officials familiar with the latest proposals, new vehicles that are powered by internal combustion engines may soon be banned across Europe come 2035, as the bloc heightens its efforts […]
Lithium Americas’ Nevada Project Problems Highlights Value of Flagship Argentina Project
As an illustration of the difficulty of building sufficient lithium production to satisfy battery needs of the booming electric vehicle (EV) industry, Lithium Americas Corp. (TSX: LAC) is facing resistance and delays in the construction of its Thacker Pass battery-grade lithium carbonate project in the U.S. state of Nevada. Specifically, on June 8, the U.S. […]
BBTV Holdings Sees Canaccord Raise Price Target After Financing
Earlier this week, BBTV Holdings (TSX: BBTV) announced that they closed their upsized 7% convertible debt offering, bringing in $37.3 million in proceeds. The debt will mature in five years, on June 15, 2026, and have a conversion strike price of $10.55 per share. They note that about half of the proceeds will go towards […]
Jaguar Land Rover to Develop Hydrogen-Powered Prototype, Begin Testing This Year
Jaguar Land Rover (JLR) is the latest company to further its zero emission ambitions, and has already begun work on a hydrogen fuel cell electric vehicle prototype. On Tuesday, JLR, which is owned by India-based Tata Motors, announced that it will begin testing a hydrogen fuel cell prototype based on its Land Rover Defender model […]
Titanium Token Crash Accelerates Broader Crypto Selloff
The crypto market’s losses extended into Friday, as the crash in a number of tokens linked to decentralized-finance (DeFi) applications gained momentum. DeFi tokens, which gained considerable attention over the past year, were sent plummeting on Friday, among which include Galaxium, Crypto Village Accelerator, IDALL, and Moonjuice. Over the past 24 hours, each have lost […]
US Fed Signals Two Rate Hikes as Early as 2023
As the stock market puked while awaiting the latest results of what was anticipated to be Jerome Powell’s most important FOMC meeting of his career, the Chairman finally signalled that the Fed’s monetary policy, may indeed, need a faster-than-expected pace of tightening. At a press conference on Wednesday, Powell explained— in what appeared to be […]