Canopy Growth Reviewing Strategic Options For BioSteel, Including Potential Sale
Canopy Growth (TSX: WEED) is exploring strategic options for its BioSteel Sports Nutrition subsidiary in an effort to reduce its cash burden. The review is said to contain the potential for a sale of the business, less than four years after it initially acquired a 72% stake in the sports nutrition company for $50.7 million. […]
US Oil Production Set to Break Records Amidst Global Supply Tightening
US oil production is on a surge and is anticipated to outpace earlier projections made this year, as revealed in the latest report by the US Energy Information Administration (EIA). The driving factors behind this surge? Robust well productivity combined with climbing crude prices. While 2022’s average stood at 11.9 million barrels a day, 2023 […]
‘Majority Territory’: Support for Conservatives Is Gaining Significant Momentum in Canada
Recent polls from various sources, including Leger, Nanos, and Abacus Data, have revealed a significant shift in the political landscape of Canada. The Conservative party, which has maintained a consistent but unremarkable lead over the Liberals for years, is now experiencing a surge in popularity, with nearly double-digit leads in recent polls. A July Leger […]
Niger Coup Detains Son Of Ambassador To France, Snubs Diplomatic Efforts From ECOWAS & African Union
More and more signs are pointing to an imminent war breaking out of Africa after the son of Niger’s ambassador to France, Aïchatou Boulama Kané, has been detained in the capital city of Niamey. Idrissa Kané, who also serves as the general manager of Niger’s Post Office, finds himself embroiled in an alleged misappropriation of […]
Goodbye ESG Scores: S&P Abandons Numerical ESG Ratings amid Rising Criticism
Prominent debt rating agency S&P Global has made the surprising decision to cease its practice of providing numerical ESG scores to corporate borrowers. Since 2021, S&P has been rating companies on a scale of one to five, based on their exposure to ESG risks. As an illustration, Visa was scored a two for both environmental […]
Should Canadian Media Orgs Blame Meta For Following Online News Act And Blocking News Access?
In what could be considered a circus-like finger pointing, a coalition comprised of broadcasters and publishers has united in a call for the Competition Bureau to launch an inquiry into Meta Platforms’s (NASDAQ: META) recent action of blocking Canadian users from accessing news content on Facebook and Instagram. However, it is noteworthy that the tech […]
Trulieve Reveals Former CFO Was Reimbursed Up To $400k In Personal Expenses
It appears that Trulieve Cannabis (CSE: TRUL) is having more problems with the chief financial officer role than previously believed. The company revealed within its management discussion and analysis for the second quarter that “irregularities” were identified in relation to former CFO Alex D’Amico’s expense reporting. It appears that the audit committee identified these irregularities […]
Freshii Is Finally Letting Go of Its Outsourced Cashiers
Freshii, the Canadian food franchise, has announced its decision to eliminate its controversial virtual cashier system, known as “Percy,” from its establishments in the coming weeks. This move comes after public outrage stemming from a Toronto Star investigation that revealed the company’s practice of outsourcing cashier responsibilities to employees in Central America through a third-party […]
China Warns Economists Against Using the D-Word, Discussing Negative Trends
In a move reminiscent of a 2016 censorship, Chinese authorities are urging prominent local economists to avoid discussing negative trends such as deflation, in the midst of mounting concerns about Beijing’s ability to revive the second-largest global economy’s faltering recovery. Multiple analysts from local brokerages and researchers at esteemed universities and state-run think tanks have […]
WeWork Won’t Work Anymore? Firm Sounds “Substantial Doubt” To Stay In Business
WeWork Inc (NYSE: WE), the US-based office space provider that was once valued at $47 billion by SoftBank, has raised concerns about its ongoing viability for the first time. In its recent second-quarter earnings report, WeWork fell short of the guidance it provided three months ago and expressed uncertainty about its ability to remain operational. […]