SNDL To Gain Exposure To US-Based Cannabis Assets Found Across Five States
SNDL (NASDAQ: SNDL) is set to acquire an indirect interest in US cannabis assets through its interests in SunStream Bancorp following a review by the listing authority of Nasdaq. Sunstream Bancorp holds non-voting and non-participating exchangeable interests in SunStream USA Group, which has been approved to acquire US-based cannabis assets. Notably, SNDL will not be […]
HighGold Mining To Be Acquired For $0.55/Share By Contango ORE
Treasury Metals’ deal to acquire Blackwolf isn’t the only consolidation happening within the gold sector today. Contango ORE (NYSE: CTGO) this morning indicated it will be acquiring HighGold Mining (TSXV: HIGH) in an all-share transaction that will see the consolidation of gold mining assets in Alaska. The transaction, which will see HighGold shareholders receive 0.019 […]
Treasury Metals To Acquire Frank Giustra’s Blackwolf Copper and Gold
Canadian mining giant Frank Giustra is set to take a major stake in another near-term gold producer. Treasury Metals (TSX: TML) this morning declared that it will be acquiring Giustra’s Blackwolf Copper and Gold (TSXV: BWCG) in an effort to create what it calls a “new growth-focused North American gold platform.” The transaction will see […]
UNC Frat Boys Get Close to $350,000 from GoFundMe Campaign for Protecting US Flag from Protestors
Today in bizaare fundraisers, a GoFundMe campaign created for the University of North Carolina at Chapel Hill’s Pi Kappa Phi fraternity gained significant traction, with American billionaire and activist investor Bill Ackman listed as a top donor. The fraternity members were praised for defending the US national flag against pro-Palestinian protesters on campus. The fundraiser, […]
Tesla Lays Off Entire Supercharger Team in Midnight Purge
Tesla (Nasdaq: TSLA) CEO Elon Musk has made significant cuts to the company’s workforce, including the entire Supercharger and Policy teams, as well as the lead for new products. This move comes just three weeks after Musk announced plans to lay off more than 10% of Tesla’s global workforce. The layoffs have impacted key figures […]
Calgary City Council Approves Motion to Lobby For Non-Citizen Voting Rights
The Calgary City Council on Tuesday approved a motion to lobby the provincial government to allow permanent residents to vote in municipal elections. The motion, introduced by Ward 8 Councillor Courtney Walcott, passed with a 9-6 vote despite opposition from some councillors who believed it to be an “exercise in futility” given the province’s stated […]
Is The Reclassification Finally Here For Cannabis? Senate To Reintroduce Bill Ending Prohibition
US Senators Chuck Schumer, Ron Wyden, and Cory Booker are reportedly set to reintroduce the Cannabis Administration and Opportunity Act, aimed at federally decriminalizing and regulating cannabis, according to Politico correspondent Natalie Fertig. The bill, first introduced in July 2021, aimed to remove cannabis from the list of controlled substances, allow states to implement their […]
No Dice: Post-Budget Poll Shows Conservative Support Rising and Liberal Support Falling
The 2024 budget certainly did not have the impact that Liberals were going for, at least according to a Nanos survey for the week ending April 26. The survey, which involved 1,105 randomly selected Canadians aged 18 and older, found that support from decided voters for the Conservative Party is up 10 percentage points. For […]
Loblaw Hikes Dividend 15% On First Day Of Consumer Boycott, George Weston To Gain $43 Million Just From Increase
Despite the launch of a boycott movement aimed at hitting Loblaw Companies (TSX: L) in the pocketbook, the grocery giant this morning announced that it will be again hiking its dividend to shareholders following a strong financial performance in the first quarter of 2024. Loblaw this morning declared it would be hiking its quarterly dividend […]
Subway Announces Completion of Sale to Roark Capital
Subway, the global sandwich chain, has officially been acquired by affiliates of Roark Capital, marking the end of a lengthy and complex sale process, the company announced on Tuesday. The acquisition follows three years of impressive sales growth and positive global net restaurant growth for Subway, a first since 2016. Despite the change in ownership, […]