OnlyFans Ex-Employees Kept Access to Sensitive Customer Data Despite Leaving Company
Several former employees of OnlyFans revealed they still had access to private user information even after leaving the company, suggesting that the adult subscription platform has failed to impose adequate privacy controls. According to a revelational report from VICE magazine, a number of former OnlyFans employees retained their access to Zendesk — a software the […]
Bitfarms Mines 1,050 Bitcoin In Q3 2021
Bitfarms Ltd. (TSXV: BITF) announced this morning that the company has produced 1,050 bitcoin in Q3 2021. This is an increase from Q2 2021’s production of 759 bitcoin, with the company stating that the quarterly production is the firm’s largest in 2021 to date. The cyrpto miner was able to produce 305 new bitcoin in […]
Cresco Labs Lowers Q4 2021 Revenue Guidance After Reducing Third Party Agreements
Cresco Labs (CSE: CL) announced on Thursday that it is exiting exclusive distributorship agreements of certain third-party branded products in California. This results in the cannabis operator lowering its revenue guidance for Q4 2021 to be between $235 million and $245 million. “As we continue to implement localization strategies tailored to each state’s market dynamics, this […]
Trulieve Looks To Raise US$350 Million In Senior Secured Notes To Pay Off Harvest Health Debts
Trulieve Cannabis (CSE: TRUL) last night revealed they are looking to raise big dollars as a means of paying for the now-closed acquisition of Harvest Health (CSE: HARV). The firm indicated it is looking to raise gross proceeds of US$350 million to fund the acquisition. The financing is to take the form of senior secured […]
Parallel Walks Away From Go Public Deal With SPAC
Evidently Parallel will not be the latest multi-state operator to hit the public markets. It was announced quietly last night that the firm and its SPAC target have parted ways and called off the merger of the two firms, with little detail provided as to why. The news was contained in a small release issued […]
Planet 13 Acquires Florida License From Harvest Health
Planet 13 Holdings (CSE: PLTH) is officially headed to Florida. The firm this morning indicated that it has officially acquired a license in the state from Harvest Health (CSE: HARV), following the closing of its merger with Trulieve Cannabis (CSE: TRUL). As previously announced, total consideration for the license amounts to US$55.0 million, which is […]
Lordstown Motors Enters Arrangement With Foxconn For Facility Sale And Vehicle Production
Lordstown Motors (NASDAQ: RIDE) has evidently reached an arrangement with Hon Hai technology Group, whom is better known worldwide as Foxconn, whom produces Apple’s iPhone’s among other products. The arrangement is referred to as an “agreement in principle.” The arrangement will see the two firms partner for the production of electric vehicles at Lordstown’s Ohio […]
Trulieve Cannabis Closes Acquisition Of Harvest Health
Trulieve Cannabis (CSE: TRUL) has finally completed the acquisition of Harvest Health (CSE: HARV). It was announced this morning that the Florida based operator has fully acquired all of the outstanding shares of Harvest. The transaction saw the company issue 0.1170 of a share for each subordinate voting share held by a shareholder of Harvest. […]