TerrAscend Receives Key Michigan Pre-Qualification Approval Ahead of Gage Cannabis Acquisition
TerrAscend Corp (CSE: TER) is one step closer to acquire Gage Growth Corp (CSE: GAGE). The firm this morning indicated that it has received a key approval from the State of Michigan in proceeding with the transaction. The company has been granted pre-qualification approval by the Marijuana Regulatory Agency under the Medical Marihuana Facilities Licensing […]
Carbon Streaming Corp Announces Consolidation To Support US Big Board Listing
Carbon Streaming Corp (NEO: NETZ) is gearing up for its debut on the US big boards. In connection with this, the firm this morning announced that it will be undertaking a share consolidation to support minimum listing requirements for the NYSE and Nasdaq. The share consolidation, or reverse split as its otherwise known, is set […]
Blue Sky Uranium Sued By Environmental Activists Over Flagship Project
When it comes to markets, sometimes, things just don’t go your way. After rising quickly in a sudden bull market for uranium, Blue Sky Uranium Corp (TSXV: BSK) appears to have just had the rug pulled out from under it. After waiting years for a bull market, the company this morning notified the market that […]
Plant&Co Revises Corporate Strategy To Focus On Organic Growth
Plant&Co Brands (CSE: VEGN) yesterday announced it has embarked on a new corporate strategy. The strategy is reportedly focused on streamlining operations, organic growth, and focusing on its products that “have broad appeal and are ready to be scaled.” Under the revised corporate strategy, the plant-based focused firm is set to spend its efforts on […]
Robinhood Employs Unusual, Aggressive Tactics to Defend Payment for Order Flow Practice
Robinhood Markets Inc. (NASDAQ: HOOD) is employing very aggressive tactics to defend and preserve its “payment for order flow,” or PFOF, brokerage firm practice. PFOF, simply defined, is a practice whereby an online brokerage firm like Robinhood directs clients’ orders to market makers in exchange for fees. This technique, which allows Robinhood to charge no commissions, is […]
Cresco Labs: Cantor Lowers Price Target To $12.65
On September 3, Cresco Labs (CSE: CL) announced that they closed their acquisition of Cultivate, a vertically integrated Massachusetts operator that was acquired for $90 million, plus a potential $68 million earn-out. Cultivate currently operates roughly 42,000 square feet of active canopy with an additional 20,000 square feet of canopy available for build-out. The company […]
Canada’s Inflation Rate Soars by Most Since 2003, Shaking Liberals’ Re-Election Bid
Canadians paid significantly higher prices for goods and services in August as inflation skyrocketed by the most since 2003, creating a headwind for the Liberal party just days ahead of the federal election. The CPI jumped from 3.7% in July to an annualized 4.1% last month, marking the sharpest increase since 2003, and the fifth […]
Hut 8 Mining: Bitcoin & Ethereum Mining – The Daily Dive
Joining us on the Daily Dive today for the first time is Suzanne Ennis, Head of Investor Relations and Corporate Development at Hut 8 Mining (TSX: HUT) (NASDAQ: HUT). Within, Suzanne talks about the company’s “hodl” strategy with respect to capital capacity, and shares updates on the cyrpto miner’s production and financials. In addition, she […]
Coinbase vs. the SEC: “Story Time..”
(Feature image adapted from “Martyr,” original art by merkchen.) A plan by online cryptocurrency exchange Coinbase (NYSE: COIN) to allow its users to loan the coins in their accounts to the company, and receive interest for that loan, jumped into the mainstream consciousness last week when CEO Brian Armstrong’s apparent frustration with the SEC’s push […]
Ray Dalio: If Cryptocurrencies Succeed, Regulators Will ‘Kill it’
Famed investor Ray Dalio has warned that governments will destroy crypto markets if bitcoin gains mainstream success, adding that the virtual currency could become a good alternative to cash. In an interview with CNBC, the Bridgewater Associates founder said that regulators will take full control of bitcoin if the cryptocurrency becomes more lucrative. “I think […]