Canopy Growth Sees Just $12.5 Million In Debt Convert To Equity Ahead Of July Maturity
Canopy Growth (TSX: WEED) has evidently seen little interest from noteholders to convert their debt to equity in the company as of late. The firm this morning revealed that it has entered into arrangements with noteholders to convert just a small portion of notes to equity. The company has managed to convince holders of just […]
Australian Explorer Kuniko Secures 19.99% Investment, Offtake Deal With Stellantis
Australian small-cap Kuniko Ltd (ASX: KNI) this morning received a major boost of confidence, with major automaker Stellantis (NYSE: STLA) electing to take a large stake in the nickel and cobalt explorer, while also agreeing to a multi-year offtake agreement. The arrangement will see Stellantis secure 35% of future offtake production from Kuniko’s Norway-based low […]
Tantalus Labs Files for Restructuring, Lays Off Most of Staff
Tantalus Labs, a British Columbia-based cannabis grower, has announced that it will cease operations. The company, which obtained its license in 2017, has filed a Notice of Intent for Restructuring (NOI) in the Canadian Federal Court. As a result, the majority of Tantalus Labs’ workforce will be laid off, with only a select few employees […]
Is Donald Trump Considering Twitter Comeback Amid Legal Battles?
Former President Donald Trump has been contemplating a return to Twitter, where he has been inactive for over two years following his ban after the January 6, 2021 riots. Despite the ban lift by Twitter’s Elon Musk in November, Trump has chosen to remain active on Truth Social, a platform where he has majority ownership, […]
Canadian Heritage Minister Undeterred by Tech Giants’ Opposition to Online News Act
The Online News Act, known as Bill C-18 in Parliament, was passed into Canadian law last week, mandating tech behemoths such as Meta and Google to strike deals that remunerate media outlets for the news content shared or repurposed on their platforms. Despite staunch resistance from these tech companies, Heritage Minister Pablo Rodriguez affirmed that […]
OceanGate’s Titan Submersible Wreckage Recovered, “Presumed Human Remains” Found
The US Coast Guard has announced the recovery of debris believed to be from the wreckage of the ill-fated Titan submersible, which imploded last week during its expedition to explore the remains of the Titanic. All five individuals on board lost their lives in the tragic incident. The debris, including twisted fragments of the 22-foot […]
National Geographic Cuts Remaining Staff Writers, To Stop US Sales In 2024
National Geographic has laid off its remaining staff writers, affecting 19 people. The latest round of layoffs comes as part of cost-cutting measures implemented by the magazine’s parent company, Disney. The organization plans to shift its editorial work to freelance writers and a few remaining editors, according to a report from The Washington Post. The […]
OpenAI and Microsoft Face $3 Billion Lawsuit Over Alleged Theft of Personal Data for ChatGPT
OpenAI Inc., the creator of ChatGPT, and its major backer Microsoft (NASDAQ: MSFT), are facing a lawsuit alleging the theft of personal information for training their artificial intelligence models. The lawsuit, filed by sixteen pseudonymous individuals on Wednesday in federal court in San Francisco, claims that the companies’ AI products based on ChatGPT collected and […]
Google Takes Stand against Canadian News Bill, Vows to Remove Local News Content from Platforms
Google (NASDAQ: GOOGL) has announced that it will remove Canadian news content from its platforms in Canada in response to the Liberal government’s recently passed Online News Act. The decision comes after negotiations with the federal government failed to resolve the tech company’s concerns about the legislation, called Bill C-18. Similar to its fellow tech […]
Top Russian Commander Reportedly Arrested Following Prigozhin’s Short-Lived Mutiny
Russian General Sergei Surovikin, deputy commander of Russia’s military operations in Ukraine and current commander of Russia’s aerospace forces has reportedly been arrested, according to sources cited by The Moscow Times’ Russian service. Surovikin, who was also for a few monthe the supreme commander of the operations in Ukraine, has not been seen in public […]