Delta 9 Seeks Bankruptcy Protection as Debt Soars Over $133 Million
Delta 9 Cannabis (TSX: DN) has entered creditor protection under the Companies’ Creditors Arrangement Act (CCAA) after acknowledging being in default on certain obligations, particularly following the demand letter received from SNDL (NASDAQ: SNDL), a major creditor, demanding repayment of $27.9 million in credit facilities and a $10 million convertible debenture. In response to the […]
Stand With Crypto PAC Exposed: $13,690 Raised, $179 Million Claimed
Coinbase’s (NASDAQ: COIN) “Stand With Crypto” Political Action Committee (PAC) is under scrutiny following revelations that its fundraising claims significantly overstate the grassroots support it purportedly enjoys. While the PAC claims to have raised millions from a broad base of crypto advocates, a closer examination reveals a different story. The “Stand With Crypto” PAC, launched […]
Sleep Country Canada to be Acquired by Fairfax for $1.7 Billion
Sleep Country Canada (TSX: ZZZ) announced today that it has entered into an agreement with Fairfax Financial Holdings Limited (TSX: FFH) to be acquired in a transaction valued at approximately $1.7 billion. Under the terms of the agreement a newly-formed subsidiary of Fairfax will acquire all of the issued and outstanding common shares of Sleep […]
Hamilton Thorne To Be Bought Out For $2.25 Per Share
Hamilton Thorne (TSX: HTL) is set to leave the Canadian markets, announcing this morning that the firm, whom produces precision instruments, is to be acquired by Astorg, a private equity firm, in an all-cash transaction. The purchase will see shareholders of Hamilton Thorne receive $2.25 in cash for each share held, giving the company an […]
Tilray Obtains German Cannabis License Under New Regulations
Tilray Brands (TSX: TLRY) is reportedly in the process of expanding its operations in Germany, where it says it is the first operator to be granted a new cannabis cultivation license under the new Cannabis Act known as MedCanG. The license, which was granted to Aphria RX GmbH, will enable Tilray to expand its product […]
Artemis Gold Removes Non-Essential Staff From Blackwater Mine Amid Wildfire Risk
Wildfires in Western Canada are seemingly impacting more than just oil operators. Artemis Gold (TSXV: ARTG) this morning indicated that is has reduced construction activity at its flagship Blackwater Mine amid a wildfire threat in the region. The company this morning stated that it has proactively removed all non-essential staff and contractors from site as […]
IsoEnergy Sells Off Argentina Projects For US$10 Million
IsoEnergy (TSX: ISO) is in the process of offloading non-core projects, announcing this morning that is has disposed of its Argentina portfolio of projects. The assets to be disposed of specifically include the Laguna Salada and Huemul projects, both of which have been sold to Jaguar Uranium Corp, a currently private issuer that aims to […]
400,000 Barrels of Daily Oil Output at Risk as Alberta Fires Spread
Alberta is seeing a surge of new wildfires, posing serious a threat to the region’s oil production. The fires, many of which are burning south of Fort McMurray, could potentially impact facilities producing over 400,000 barrels of oil daily. Several major oil sites are at risk, including MEG Energy Corp‘s (TSX: MEG) Christina Lake site, […]
Biden Backs Out Of 2024 Presidential Election Race
Joe Biden has officially backed out of the 2024 United States presidential elections. He publicly released a statement on X declaring that he would no longer be seeking re-election in the best interest of the Democrats. “It has been the greatest honor of my life to serve as your President. And while it has been […]
Panama to Engage in Talks with First Quantum on Shuttered Copper Mine
The Panamanian government announced its intention to enter discussions with First Quantum Minerals (TSX: FM) in the coming months regarding the environmental impact of its closed Cobre Panamá copper mine. This announcement follows the recent inauguration of Panama’s new president, who has indicated that the mine might need to be temporarily reopened to ensure a […]