Board Game: Enthusiast Gaming Top Shareholder Calls For “CEO Upgrade,” Firm Asserts Claims Are “Misleading And Baseless”
Enthusiast Gaming (TSX: EGLX) is facing a potential internal power struggle at the upcoming annual general meeting of shareholders on June 29. Greywood Investments, which owns 9.3% equity and is the largest shareholder, has launched a campaign to upgrade the company–starting with its CEO and board. The activist investor has reposited its call for leadership change […]
Walmart To Expand Its Drone Delivery Service To Reach 4 Million Households Across 6 States
Walmart (NYSE: WMT) announced on Tuesday that it will be expanding its drone delivery service network across 6 states this year, making it possible for about 4 million US households to get eligible items delivered within 30 minutes or less. The expansion is a partnership with DroneUp, a drone service startup through which the retail […]
Adam Neumann Is Back To Tokenize Carbon Credits, Raises US$70 Million In Funding
Former WeWork CEO Adam Neumann has risen, and he’s come to tokenize carbon credits. His tech firm Flowcarbon just raised US$70 million in a recent venture capital funding round and the sale of its carbon-backed token. The funding was led by Marc Andreessen and Ben Horowitz’s a16z crypto venture firm and also includes General Catalyst, […]
Maple Leaf CEO: Canadians Face ‘Terrible’ Food Insecurity Amid Rising Income Inequality, Inflation
Despite being an OECD country, it appears that Canada is facing a growing food insecurity problem, that one CEO warns is about to get a lot worse. According to Maple Leaf Foods (TSX: MFI) chief executive Michael McCain, 5.8 million Canadians do not have adequate access to food— a figure that has been steadily climbing […]
Eguana Tech Sees Production Increase To 400 Units Per Month With Omega Facility Commissioning
Eguana Technologies (TSXV: EGT) appears to have sorted out prior production issues related to its supply chain. The company this morning indicated that it has fully commissioned the Omega EMS San Jose production facility for the production of its products. “With demand scaling very quickly we took the decision to expedite the full manufacturing and […]
Stone Gold Reports Copper Mineralization At Copper Road Project
Stone Gold (TSXV: STG) has reportedly encountered copper mineralization within the early stages of its ongoing phase one drill program. Drilling is currently taking place at the firms Copper Road project, found within the Batchewana Bay region of Ontario. The phase one drill program consists of diamond drilling the Breton Breccia, which is found at […]
Verano Holdings Sees Q1 Revenues Decline 4.3% Sequentially
Verano Holdings (CSE: VRNO) this morning reported its first quarter 2022 financial results. While the company posted a positive income from operations, revenues on a quarter over quarter basis declined, while income tax expenses pushed the firm to report a negative net income for the period. Revenues for the three month period amounted to $202.2 […]
Pegasus Resources Strengthens Management Team With Appointment Of President
Pegasus Resources (TSXV: PEGA) this morning beefed up its management roster. The firm has appointed a new President to the executive team of the company, as well as to the firms board of directors. Christian Timmins has been newly appointed to the role. Billed as an experienced and active investor within the capital markets, Timmins […]
Tenaz Energy To Acquire Producer In Egypt, Morocco In All-Share Transaction
Activity is starting to occur within the junior oil and gas space. Tenaz Energy Corp (TSX: TNZ) this morning indicated it will be purchasing additional production via an all-share transaction, whereby it acquires London-based SDX Energy PLC. “This Transaction is an important step in the execution of our strategy for international growth. The Egyptian and […]
Cognetivity To Deploy Flagship Assessment Tool At Florida-Based Clinic
The rollout of Cognetivity Neurosciences’ (CSE: CGN) flagship product, the CognICA cognitive assessment tool, continues. The firm this morning announced another arrangement in the United States, that will see the platform utilized at a clinic in Florida. The clinic, Beyond Geriatrics, is billed as a specialist primary and urgent care clinic within Clearwater, Florida. The […]