Harborside Closes On The Acquisition Of Sublime
Harborside Inc (CSE: HBOR) now has further brands under its banner. The company this morning announced the closing of the acquisition of Sublimation Inc, whom is more commonly known as Sublime. Originally founded in 2016, Sublime is known for its line of Fuzzies branded pre-rolls, which is a leading brand within California. The company also […]
Vivo Cannabis Sees Majority Of Board Resign Due To “Strategic Differences”
Vivo Cannabis (TSX: VIVO) appears to be going through in-fighting in terms of the direction of the company. The firm this morning announced that a total of four directors have resigned from their role with the company, leaving just one director on the firms board. The firm has also lost its interim CEO. The company […]
Imperial Helium Commences Drilling Of First Well At Steveville
Imperial Helium (TSXV: IHC) has begun drilling. The company this morning announced that it has spud its first well at its flagship property, just days after announcing the commencement of field operations at the project. Referred to as IHC Steveville 1, the well marks the first for the company, and is one of two appraisal […]
Graph Blockchain Acquires NFT Platform New World
Graph Blockchain (CSE: GBLC) has entered the world of non-fungible tokens, or NFT’s. The company this morning announced that it has closed on the acquisition of New World, whom is focused on the emerging space. The simple premise of an NFT is that buyers receive exclusive rights to digital art, with the NFT living on […]
Dollarama Sees Renewal Of Share Buyback Program
Dollarama Inc (TSX: DOL) this morning announced that it has renewed its normal course issuer bid with the Toronto Stock Exchange. The share buyback program will see the company purchase up to 7.5% of its outstanding shares over the course of the next twelve months for cancellation. In total, the company will be eligible to […]
US Economy Adds 850K Jobs as Hiring Spree Accelerates
Following what were 10 straight months of subdued payroll figures, the Bureau of Labour Statistics finally did not disappoint, as the US economy added 850,000 new jobs in June, which is significantly more than the 720,000 that were forecast by economists polled by Bloomberg and nearly 50% higher than May’s payroll increase of 583,000. In […]
Jushi Sees Canaccord Reiterate US$10 Price Target After Management Change-up
On June 30th, Jushi Holdings Inc. (CSE: JUSH) announced management and board of director changes. The company announced that Erich Mauff will be stepping down as Co-President and from the board, but will remain a consultant with the company for the next 24 months. This transition has reportedly been underway for some months now. Additionally, they […]
Michael Burry: Meme Stocks are Slated to Crash Because “We’re Running Out of New Money”
After causing significant uproar on twitter last month when he warned (and subsequently deleted) that meme stocks and cryptocurrencies will soon meet their doom with “the mother of all crashes,” the infamous Michael Burry recently elaborated on his take (and skepticism) of the current meme stock craze. In an interview with Barron’s published on Thursday, […]
DiDi Global Removed From App Stores In China Days After US IPO
What do you do when the app your entire operation is based off of becomes banned within your primary operating region? Shareholders of recently IPO’d DiDi Global (NYSE: DIDI) are about to find out. DiDi, a ride-hailing firm based in Beijing, went public just last Wednesday, in a $4.4 billion initial public offering. Just two […]
Carnival Corp: Valuation Could Be Well Ahead of Itself Given Massive Debt Additions and Dilution Over the Last Year
On June 24, Carnival Corporation (NYSE: CCL), the world’s largest cruise line operator, reported an adjusted loss of about US$2 billion for 2Q FY2021 (quarter ended May 31, 2021). Investors reacted little to the large loss, a reaction which has become customary for popular economy re-opening plays, as investors instead focus on the company’s almost certain […]