Curaleaf Closes $181 Million Purchase Of Tryke Companies
Nearly a year after the initial announcement, Curaleaf Holdings (CSE: CURA) has finally closed on the purchase of Tryke Companies, whom is currently operating as Reef Dispensaries. With the closing of the transaction, Curaleaf now boasts 29 cultivation sites and 144 dispensaries across the US. The transaction, which was originally pegged at US$286 million, effectively […]
Swarmio Media Adds New Communication Product To Gaming Platform
Swarmio Media (CSE: SWRM) this morning expanded its product offerings for consumers with the launch of Echo. The product is an additional feature for the firms Ember gaming and esports platform, which has been deployed across Asia, LATAM, Africa and the Middle East. Echo is referred to as a communication system for gamers that is […]
Australia’s Central Bank Breaks Hawkish Tightening Cycle as Mortgage Rates Bite Debt-Laden Consumers
Australia’s central bank has become the first among developed economies to downshift its rapid tightening cycle meant to slow down inflation over fears of sending debt-laden households into further financial strain. The Reserve Bank of Australia (RBA) delivered a paltry 25 basis-point rate hike on Tuesday, bringing the cash rate to 2.6%. The increase came […]
Google Shuts Down Google Translate In Mainland China
Alphabet Inc (NASDAQ: GOOGL) continues its retreat from China. On Monday, the company pulled its Google Translate services in mainland China, which was one of its last few remaining services available in the country known for its sweeping censorship rules. When trying to access the Google Translate app and website, people in mainland China will […]
Nord Stream Pipeline Explosion: Sabotage Or Just Ill Communication?
The Deep Dive’s Sunday feature: “Sabotage!? The Nord Stream Russian Bubble Theory” really blew up on us. Even now, various voices in the comments thread are adding context and counterpoint to The Russian Bubble Theory from various points of experience greater than ours, making it apparent that bloggers are not qualified to be experts on […]
Liberals Voted To Triple Carbon Tax — What’s The Real Cost?
On Wednesday, the Liberals, NDP and Bloc voted in favor of carbon tax hikes, smashing the plea of the Conservatives to no longer add to the inflated living costs that Canadians already have to bear. The previous day’s debate between the Conservative party’s new leader Pierre Poilievre and Terry Duguid, parliamentary secretary to the Minister […]
Cineplex Looks To Restart Merger Talks With Regal After Failing To Secure US$1.24 Billion Claim From Cineworld
Cineplex Inc. (TSX: CGX) has approached lenders to its bankrupt rival Cineworld Group about restarting a prospective merger with the British chain’s Regal Entertainment Group franchise in the US. The Canadian theatre chain has a pending court award of US$1.24 billion in damages after the firm won in the Ontario Court against Cineworld. The latter […]
Syphilis Outbreaks In The US and Europe Halt Work For UK Adult Film Performers
The healthcare disruption caused by the Covid-19 pandemic incubated a slew of other alarming outbreaks — from opioid addiction in the US to the international spread of monkeypox, and now syphilis, the sexually transmitted infection, in the US, UK, and Europe. The situation has left many adult film performers in the UK without work for […]
Ray Dalio Turns Over Control Of Bridgewater Associates To “The Next Generation”
Analysts say it’s been a long time coming. Ray Dalio, the founder of Bridgewater Associates, has been on his way to transitioning control of the company to co-CIOs and co-CEOs in the last 12 years. Today, the founder announced that he is finally letting go of control of the company, saying “I can now visualize […]
UPDATED: Elon Musk Reportedly Proposes To Proceed With Twitter Purchase At $54.20 Per Share
Twitter (NYSE: TWTR) has been halted for trading due to volatility this afternoon, following the report on Twitter by a Bloomberg journalist that Musk has proposed to proceed with the previously announced purchase of Twitter. Musk has reportedly proposed to proceed with the transaction at the previously agreed upon price of $54.20 per share. The […]