Snoop Dogg Gives Up Smoking Days After Signing A Vape Deal
Snoop Dogg, the renowned hip-hop artist and entrepreneur, surprised fans with an announcement on social media that he is giving up smoking. In a black-and-white post shared on Thursday, the rapper, whose real name is Calvin Broadus, stated, “After much consideration & conversation with my family, I’ve decided to give up smoke. Please respect my […]
Planet 13 May Have Just Lost US$21.5 Million In Cash
Planet 13 Holdings (CSE: PLTH) has a bit of a cash problem. The company has effectively lost access to $21.5 million in cash following trouble with El Capitan Advisors, whom it engaged for cash management services. El Capitan, who is said to be a registered investment advisor, was involved in a dispute with Casa Verde […]
Canopy Growth Sees BioSteel Assets Sold Off Under CCAA Process
Canopy Growth (TSX: WEED) might yet get some value for its failed BioSteel division following a successful sale and investment solicitation process that took place under the Companies Creditors Arrangement Act. Canopy this morning indicated that the Ontario Superior Court of Justice has approved two transactions to sell substantially all of the assets of BioSteel […]
Uranium Prices Hit 15-Year High As Demand Continues To Rise For Nuclear Energy
Spot uranium prices are trading at US$74 per pound as per Trading Economics, a 15-year high, amid strong and unrelenting global demand, supply concerns, and volatile prices of competing fuels like natural gas and oil. Importantly, many of these constructive elements promise to be long lasting, suggesting further potential upside. Numerco meanwhile currently has bids on […]
US Wants More Nuclear, to Lead Global Initiative at COP28 Summit
The United States is set to lead a global initiative at the COP28 climate summit, aiming to triple the installed nuclear power capacity worldwide by 2050. The move represents a major reversal for the contentious technology within the realm of climate negotiations. A declaration, scheduled to be signed on December 1 in Dubai, is expected […]
Google Unveils Two Initiatives to Revamp Search Experience
Finally recognizing that young users are more and more turning to other platforms like TikTok and Instagram to get information, Google (Nasdaq: GOOGL) is making some major changes to its search engine. The first initiative involves allowing users to “follow” topics of interest, creating a more curated experience. By tapping a new “Follow” button in […]
Ethiopia Suspends Debt Payments, Only Foreign-Owned Finance Group Withdraws
Ethiopia has reached an agreement in principle with bilateral creditors to temporarily suspend debt payments and is set to engage in discussions to restructure its €1 billion eurobond maturing next year. In a statement emailed on Wednesday, the finance ministry explained that the interim debt-service suspension aims to address the current economic challenges, providing the […]
Trevor Milton Argues For Probation Sentence Only As He “Sees The World Differently”
Attorneys representing Trevor Milton, the founder of truckmaker Nikola Corp., are contending that he should not be subjected to imprisonment, asserting that his fraud conviction lacks the parallels that led to Theranos founder Elizabeth Holmes’ incarceration. In a recent filing to a Manhattan federal court, the legal team emphasized that Milton’s actions were not characterized […]
Are Rate Cuts Coming? Economists Say Relief May Come Sooner Than Expected
Canadians may soon see the light at the end of the tunnel. Economists forecast that the Bank of Canada may initiate interest rate cuts in mid-2024 to avert a deep recession. Bank of Canada Governor Tiff Macklem signaled a shift from the earlier stance that rate hikes would only follow a 2% inflation target. He […]
Loblaw Sees Earnings Soar 12% As Grocery Prices Continue To Rise
Loblaw Companies (TSX: L) reported its third-quarter financial results, which showed robust growth in both earnings and revenue, despite the ongoing rise in grocery costs for consumers across the country. For the three months ending on October 7, the company reported net earnings of $621 million, equivalent to $1.58 per share. This represented a significant increase […]