On Thursday, relatively new legal marijuana player Green Growth Brands (OTCQB:GGBXF) offered to swap GGBXF shares for all outstanding shares of Aphria (NYSE:APHA), suggesting the offer was worth $11.00 (Canadian, or roughly $8 in U.S. dollars) per share of Aphria stock. All told, the suitor says the proposed deal...
(Reuters) - Royal Bank of Scotland Group Plc will pay $125 million to resolve claims that it made misrepresentations while selling mortgage-backed securities to two large California pension funds, the state’s attorney general has announced. The settlement announced on Friday by California Attorney General Xavier Becerra was the...
Michael Burry cashed out his GameStop shares last quarter, meaning he probably missed out on the Reddit-fueled buying frenzy that boosted the video-game retailer's stock up as much as 2,500% last month. Burry is best known for his billion-dollar bet against the US housing-market bubble, which was chronicled in the...
DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announces that it is implementing a restructuring plan under the Companies’ Creditors Arrangement Act (Canada) (the “CCAA”) in order to accelerate its transition to an online retailer and wholesaler of high-quality tea and accessories. The...
The Canadian Security Intelligence Service warned that the arrest of Huawei Technologies Co.’s chief financial officer in Vancouver on a U.S. extradition request would have global political ramifications, according to new documents that reveal the spy agency’s involvement in the case for the first time. In a redacted Dec. 1,...
The rumours are true: FCA (Fiat Chrysler Automobiles) is merging with PSA, the European maker of Peugeot, Citroen, Opel and Vauxhall vehicles, both corporations confirmed in a press release October 31. According to The Detroit Free Press, the two companies struck a deal that will see a 50-50 joint shareholder-owned...
Monday, February 15, 2021 is President’s Day. Many of us like to get tasks such as banking done on Mondays. And it can be hard to remember which holidays banks close for. So you might find yourself wondering, “are banks open on President’s Day 2021?” When Is President’s Day President’s Day...
Elon Musk just became the richest person in the world, with a net worth of more than $185 billion. Thursday’s increase in Tesla’s share price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and is currently worth about $184 billion. Musk’s wealth surge over the...
After more than half a century, General Motors has changed its company logo to usher in a new era of electric vehicles. Gone is the gradient-blue solid square with the underlined capitalized “GM,” and in its place is a square with rounded corners and lowercase “gm” with just the...
Shares in GameStop rose as much as 130% higher early on in Wednesday's pre-market, after billionaire Elon Musk tweeted "Gamestonk!!" in after-hours trading. "Stonks" is usually used in investing banter on social media for widely-held stocks. The Tesla founder posted a link to the popular subreddit WallStreetBets, members of which have...