Canada announced the closure of its borders today. Unfortunately, this won’t stop the spread of the coronavirus if it doesn’t fix its underlying issues. Canada’s biggest problems are still coming from within its borders.
A “Family Feud” contestant gave the wrong answer to “Name Popeye’s favorite food,” missing out on $10,000. So Popeyes gave her $10K worth of chicken.
Acreage Holdings is expanding outside of Canada. The firm is building a base in New Jersey as lawmakers edge closer to approving a marijuana legalization bill. Acreage stock price is showing signs of a bottom. The Canadian cannabis market experienced a downturn over the last few months as the local government failed to open up … Read more
The top five Canadian cannabis stocks have seen huge losses. The Canadian government fails to open up enough stores to meet the demand. A renowned portfolio manager weighs in on the state of the market. The top Canadian cannabis stocks have seen massive declines over the last few months due to the slow start seen … Read more
The paper loss in PG&E amounts to millions of dollars A wealth manager picked a bottom that wasn’t. California’s wildfires could create even more havoc for the energy utility’s stock. The damage caused by California’s wildfires is now being felt beyond the United States. Canada’s state-owned wealth manager, Alberta Investment Management Corporation (AIMC), has lost … Read more
For investors in cannabis stocks who believe that we are now in the Wild West where anything goes thanks to legalization, they should think again. That’s especially true for investors in Canadian cannabis stocks. Canadian Cannabis Cops Clock Company Compliance Health Canada has slapped CannTrust Holdings with a notice of non-compliance, which has resulted in … Read more
By CCN.com: Canada’s largest chain of pharmacies announced a big partnership at the World Cannabis Congress on Monday. Shoppers Drug Mart will be working with TruTrace Technologies (until recently known as BlockStrain) to bring blockchain-based verification to the medicinal marijuana market. If successful, it could help power cannabis stocks higher as more doctors become comfortable … Read more
By CCN.com: The Bank of Canada and the Monetary Authority of Singapore (MAS) has conducted a successful pilot test of central bank-backed crypto assets to clear cross-border and cross-currency payments. The official statement of MAS released on May 2 described the potential of “central bank digital currencies” in increasing the efficiency and reducing risks for … Read more
Coinsquare, the crypto exchange that has been nicknamed the “Coinbase of Canada,” has acquired Stellar wallet BlockEQ as it seeks to expand its offerings beyond cryptocurrency trading. The Toronto-based Coinsquare announced the deal on Thursday, revealing that it had paid $12 million CAD (~$9 million USD) to acquire BlockEQ, a non-custodial wallet that allows crypto … Read more
Singapore’s central bank has announced a slew of initiatives during the ongoing FinTech Festival, including a notable partnership with the Bank of Canada on cross-border payments using blockchain. On the second day of the week-long Singapore FinTech Festival today, Ravi Menon, director of the Monetary Authority of Singapore (MAS), Singapore’s central bank and financial regulator, … Read more