Not Funny: Just for Laughs Files for Creditor Protection, Cancels 2024 Festival
Groupe Juste Pour Rire Inc. (JPR), organizers of one of the world’s leading comedy festivals, has canceled the 2024 Just for Laughs festival as the organization is now seeking creditor protection under Canada’s Bankruptcy and Insolvency Act. The Montreal-based group said in a statement that its financial situation was the result of the challenges posed […]
Reddit’s WallStreetBets Plans To Bet Against Reddit IPO
The stock-trading enthusiasts of Reddit’s popular subreddit WallStreetBets, known for backing unconventional companies and sparking meme stock frenzies, are turning the tables on their own platform as Reddit gears up for its own initial public offering (IPO). Shortly after Reddit filed for its IPO, thousands of WallStreetBets members, who boast a whopping 15 million users, […]
Bitcoin: Huge Sell-Offs, Including 1000 BTC from 2010, Trigger 10% Fall From New All-Time High
Bitcoin (BTC) fell over 10% from a new all-time high as a wave of sell orders on cryptocurrency exchanges dampened the momentum, causing it to dip below $60,000 momentarily. On Tuesday BTC peaked at $69,208 at 15:04 UTC on the CoinDesk Bitcoin Index (XBX) and then shortly after tumbled to a low of $59,700. The […]
Cannabis Rescheduling Won’t Come Before April
It appears the Drug Enforcement Administration (DEA) will be taking more time reviewing cannabis scheduling. “This is not coming before April,” a source told Green Market Report’s John Schroyer. In February, Representative Earl Blumenauer, a Democrat from Oregon, wrote to the DEA, asking the agency to give more details on their review but failed to […]
Cameco CFO Clears The Air With “Four Really Important Facts”
In a bid to dispel concerns surrounding Cameco’s (TSX: CCO) market pricing, CFO Grant Isaac delivered a direct and comprehensive address yesterday, outlining what he termed as “four really important facts about Cameco.” Isaac’s statements aimed to debunk misconceptions and alleviate fears stemming from recent discussions post the Q4 earnings call. Isaac began by addressing […]
Hut 8 Closes Drumheller Mining Facility Despite Bitcoin Price Momentum
Despite bitcoin hitting recent highs, Hut 8 Corp (TSX: HUT) is scaling back certain of its operations in an effort to optimize its business. The company has revealed it will be closing its Drumheller location in Alberta. The closure of the facility is effective immediately, with efficient miners that exist at the city to be […]
Collective Mining Reports Discovery Of New High-Grade Porphyry Target
Collective Mining (TSX: CNL) has made a new discovery at its Guayabales Project in Columbia. The company is claiming the discovery of new high-grade gold and silver rich porphyry style mineralization at what is being called the Box target. Identified by soil anomalies as well as geological mapping and rock chip sampling, the new target […]
Franco-Nevada Q4 2023 Financials Take A Hit Due To Cobre Panama
Franco-Nevada (TSX: FNV) has posted its financial results for 2023, which outline grappling with unprecedented challenges at Cobre Panama. The company’s CEO, Paul Brink, acknowledged the hurdles faced during the year and expressed optimism for resolution while maintaining a cautious approach toward the asset’s valuation. “Despite the issue at Cobre Panama, our business remains robust […]
People ‘Need a Break’: Doug Ford Calls for Interest Rate Cuts
A day before the Bank of Canada is set to announce interest rates, Ontario Premier Doug Ford urged the central bank, “It’s time” he said, to lower interest rates. “People are hurting. They need a break,” Ford said in the short tweet. The Bank of Canada is expected to hold the rate at 5% when […]
MicroStrategy: Is Raising $600 Million To Buy Bitcoin The Right Move?
MicroStrategy (Nasdaq: MSTR) has announced plans to raise $600 million through the offering of convertible senior notes due 2030, aiming to bolster its holdings of bitcoin. The notes, which will be unsecured senior obligations of MicroStrategy, are set to bear interest semi-annually and will mature on March 15, 2030, unless redeemed or converted earlier. MicroStrategy […]