Shoppers Drug Mart Exits Cannabis Business, Hands Operation Over To Avicanna
Shoppers Drug Mart, a subsidiary of Loblaw Companies (TSX: L), is officially exiting the medical cannabis segment. The firm this morning revealed it had struck a deal with Avicanna (TSX: AVCN) to transition its Medical Cannabis by Shoppers business. The transition from Shoppers to Avicanna is expected to take approximately three months, and Shoppers intends […]
Trillion Energy Places Third Well In Multi-Well Development Program Into Production
Trillion Energy (CSE: TCF) has seen its third well under its multi-well development program enter production. The firm has seen its West Akcakoca-1 natural gas well in the SASB gas field enter production. The West Akcakoca-1 well was perforated across an area of 7 metres of natural gas pay, within the two lower D sands. […]
MP Han Dong Takes Legal Action Against Global News, Votes For Inquiry On Chinese Interference
Han Dong says he will take legal action against Global News and its parent company after news outlets released allegations that the Toronto MP spoke to Chinese diplomats about delaying the release of two Canadians. “Yes, I am taking legal action against Global News and Corus Entertainment,” Dong said in a statement on Monday. “I […]
Sam Bankman-Fried Paid $40M to Bribe Chinese Officials to Unfreeze Bank Accounts
Fraudster Sam Bankman-Fried allegedly paid Chinese government officials tens of millions of dollars in cryptocurrencies to persuade them to unfreeze accounts belonging to Alameda Research. A new 13-count indictment filed by the Southern District of New York on Tuesday accuses former FTX founder SBF of directly transferring $40 million to Chinese government officials to “unfreeze […]
Crescent Point Drops $1.7 Billion To Acquire Spartan Delta’s Montney Assets
Consolidation continues apace in the Canadian oil and gas sector. Crescent Point Energy (TSX: CPG) this morning indicate it has reached a $1.7 billion deal to acquire Spartan Delta Corp’s (TSX: SDE) Montney assets in an all-cash transaction. The transaction will see Crescent Point add 600 Montney locations in Alberta to its inventory, providing what […]
Nevada Sunrise Intersects 1,412 ppm Lithium Over 439 Metres
Nevada Sunrise (TSXV: NEV) has confirmed further lithium mineralization at its Gemini Lithium project in Esmeralda County, Nevada. The latest assays indicate that the battery metal has been collected in both sediment and groundwater samples from recent drilling. The latest results come from hole GEM23-04, which is the deepest drill hole to date conducted at […]
Why Did Liontown Reject A $3.7-Billion Buyout Offer From Albemarle?
Liontown Resources (ASX: LTR) said on Tuesday that it had rejected a non-binding indicative approach from top lithium producer Albemarle Corp (NYSE: ALB), which valued the battery metals explorer in Australia at A$5.50 billion ($3.66 billion). “(The Liontown board) unanimously determined that (the proposal) substantially undervalues Liontown, and therefore is not in the best interests […]
Potential Cancer Breakthrough Detection Test Begins Trials In London
According to media reports, testing is now commencing on what could be one of the greatest medical breakthroughs of all time. A blood test developed by the private Indian firm Epigeneres Biotech reportedly predicts cancerous tumors about a year before they would physically form. Even more, the test reveals the type of cancer which will be […]
Walt Disney Starts Mass Employee Layoffs in Effort to Cut Costs
Walt Disney Co. (NYSE: DIS) is following through with previously announced mass layoffs beginning on Monday, as the ‘happiest place on Earth” looks to “streamline” its business and cut costs. In a letter distributed to employees and seen by Reuters, CEO Bob Iger said layoffs affecting over 7,000 workers across Disney’s major divisions— including corporate, […]
New Google Street View-Like Project Shows How the War Has Destroyed Ukraine
A collective of Ukrainian organizations marked the anniversary of Russia’s invasion of Ukraine through a project called The Undeniable Street View — a street-view photography project that reveals the toll of Russia’s attacks in the streets and neighborhoods of Kyiv, Irpin, Kharkiv, Izyum, Chernihiv, and Sumy. Like Google Street View, the project lets you navigate […]