MediPharm Labs, Vivo Cannabis Slump After Announcing All-Stock Deal
MediPharm Labs (TSX: LABS) announced on Thursday an all-equity deal to acquire VIVO Cannabis (TSX: VIVO). The merger is expected to create a cannabis firm with over $50M in annualized revenue, based on Q3 2022 financials. Within 12 months of the transaction’s closure, the pro-forma combined company is estimated to generate positive EBITDA of $7M […]
Sinking ARK: Cathie Wood’s Fund Lost $50 Billion So She Bought Some More Shares
Ark Investment Management’s Cathie Wood increased her holdings in Tesla (Nasdaq: TSLA) and Coinbase Global (Nasdaq: COIN), demonstrating her belief in electric vehicles and cryptocurrencies as major trends for the future. According to Bloomberg data, a variety of Ark Investment Management funds, including Wood’s flagship Ark Innovation ETF, purchased nearly 75,000 shares of the carmaker […]
Chrystia Freeland Wants $2 Billion+ For Non-Existent ‘Green’ Corporation
Finance Minister Chrystia Freeland has quite the ambitious plan for Canada’s transition towards a green energy future— so ambitious in fact, that she wants to prematurenly spend over $2 billion of Canadian taxpayers’ funds to buy shares of a company that doesn’t even exist yet. Neatly tucked away in the Liberal government’s 172-page budget bill […]
Tesla Stops Production At Shanghai Facility
According to an internal notification and two people with knowledge of the situation, Tesla (Nasdaq: TSLA) paused production at its Shanghai plant on Saturday. The US automaker canceled the morning shift and instructed all workers at its most productive production hub that they could begin their break, according to the people and the note seen […]
Holiday Chaos: Winter Storm Causes Thousands of Canceled Flights, Power Interruptions In US, Canada
A day before Christmas weekend, the winter storm continued to sweep through much of the United States and Canada, causing over 3,000 flights to be canceled in the US, while WestJet in Canada canceled all its flights on Friday. On top of the travel disruptions, more than 1 million people are also experiencing power interruptions. […]
Theresa Tam Sits Down With Mrs. Clause To Tell Kids They’re On The ‘Good List’ If Vaccinated
In what is likely the most uncomfortable and cringiest video of 2022, Canada’s Chief Public Health Officer Dr. Theresa Tam sits down with Mrs. Clause to tell Canadians they need to get vaccinated or risk demotion to Santa’s “naughty list” this year. In a new pubic health announcement that probably underwent ZERO rehearsal, Tam sits […]
Russia Moves To Boost Size Of Its Armed Forces; To Focus On ‘Volunteers’
Russia plans to increase the size of its armed forces by over 30% “to guarantee the solving of problems related to Russia’s military security,” according to Defense Minister Sergei Shoigu on Wednesday. The plan, proposed by Shoigu at a televised year-end conference of the country’s top military officials on Wednesday, aims to grow the country’s […]
Could Lab-Grown Wood Be The Future Of Furniture?
Humans may soon be able to print entire pieces of furniture from lab-grown wood. A group of researchers at the Massachusetts Institute of Technology (MIT) has developed a way to grow wood in a manner that eliminates the need to cut trees and minimizes the wastage from shaping the material. This means that with their […]
Oil, Gold, and Commodities: 2023 Outlook — With Lobo Tiggre
Back on The Daily Dive is regular guest Lobo Tiggre from the Independent Speculator. Lobo sits down with our host to share his insights on the recent CPI print, and how it impacts the markets. We also talk about the oil situation and how the government may not be giving it enough attention. We then […]
Dutch Gas Futures Fall To Six-Month Low As Winter Boom Softens, EU Price Cap Finalized
Natural gas prices in Europe fell for the sixth day in a row, with front-month Dutch gas futures trading at around €85 MWh, the lowest level in over six months. It’s also the first time the benchmark went below the €90-mark since May of this year. In parallel, US natural gas futures also fell below […]