Cannabis Stock Movers For August 10, 2023
GAINERS:Choom Holdings (OTC:CHOOF) shares closed up 900.00% at $1e-05Item 9 Labs (OTC:INLB) shares closed up 30.00% at $0.02Delivra Health Brands (OTC:DHBUF) shares closed up 28.36% at $0.01Stem Holdi
CannTrust Holdings Inc. Seeking Court Approval of Proposal Under Bankruptcy and Insolvency Act
CannTrust Holdings Inc. Making Proposal Under the Bankruptcy and Insolvency Act
06:26 AM EDT, 10/20/2022 (MT Newswires) -- CannTrust Holdings Inc. (TRST.TO, CTST and referred to as CTH), a minority investor in Phoena Holdings Inc., formerly CannTrust Equity Inc. overnight Wednesd
CannTrust Holdings Inc. Makes Proposal Under the Bankruptcy and Insolvency Act
VAUGHAN, ON, Oct. 19, 2022 /PRNewswire/ - CannTrust Holdings Inc. (the "Company" or "CTH"), a minority investor in Phoena Holdings Inc. ("Phoena", formerly CannTrust Equity Inc.) today announced tha
CannTrust Changes Name To Phoena, Here Is What You Need To Know
CannTrust Equity Inc. announced its new corporate name, Phoena Holdings Inc. "This is a truly exciting and trans-formative time for our company," stated Greg Guyatt, CEO, "Phoena reflects who we are t
Report: Global Cannabis Beverages Market Expected To Reach $2B By 2026
As the COVID-19 pandemic continues, the global market for cannabis beverages estimated at $799.8 million 2020, is projected to reach a revised size of $2 billion by 2026, growing at a CAGR of 16.9%, a
CannTrust Plans for Potential Wind-Down of Business Amid Liquidity Troubles
By Adriano Marchese CannTrust Holdings Inc. on Thursday warned it doesn't have the necessary liquidity to operate for much longer and that it is planning an orderly wind-down of the company i
Goldman Sachs is bullish on commodity prices and says there is no need to worry about the Fed's tough stance
Recently, commodities have “made a lot of noise”, and market participants have different opinions on how long commodity prices will continue to rise. Goldman Sachs also gave their latest predictions on Monday. Goldman Sachs emphasized the previous judgment that there is no need to worry about commodities being affected by the Fed's tough stance or the flattening of the yield curve. Earlier, Goldman Sachs anticipated that the US non-farm payroll report for April reduced the possibility that the Federal Reserve would reduce the scale of debt purchases by the fourth quarter of this year, but it is still expected that the FOMC will begin debt reduction early next year. According to Goldman Sachs, the ideal commodity scenario is taking shape. There are still opportunities for commodities in the next 12 months: “Yes
Powell promised that monetary policy would not be easily tightened, and major assets have rebounded one after another
Powell's rhetoric calmed the fluctuations, and the market rebounded again. At 23:00 on Tuesday, Federal Reserve Chairman Powell attended the committee hearing and testified on the semi-annual monetary policy report. Powell first expressed his opinion on the economic path, saying that after the economic rebound in the summer, the economic growth momentum slowed sharply, but recent developments indicate that the economic outlook will improve later this year. Ongoing vaccinations provide hope for a return to normal later this year, but the path of economic development still largely depends on the epidemic and containment measures. As for the labor market, Powell said that the labor market is improving
According to the news, Apple contacted Nissan to cooperate to build cars, but to no avail
According to people familiar with the matter, Apple has contacted Nissan in recent months to discuss cooperation matters relating to its mysterious autonomous vehicle project, but the negotiations have come to no avail due to differences between the two parties over Apple's brand positioning. According to the source, the two companies only had brief contacts, and the conversation did not rise to a senior management level. Earlier this month, South Korea's Hyundai Motor Company said it had concluded negotiations with Apple on an autonomous vehicle project. There were previous reports that the company had a preliminary conversation with Apple.
The Nikkei 225 Index hit 30,000 points for the first time since 1990
The Nikkei 225 Index once hit 30,000 points in early Monday trading, the first time since August 1990. This is a sign that Japan's domestic economic recovery is intact, and it also benefited from progress in the US economic stimulus plan. The index rose 1.6% in early trading, one step further on its way back to the level of the bubble era. Prior to that, the broader Tokyo Stock Exchange Index (Topix) recently hit a record high, rising to the highest point in nearly 30 years. Although global stock markets have repeatedly reached new highs in recent months, the Nikkei 225 Index still needs to rise by nearly 30% to break through the last trading day of 1989
Goldman Sachs Group: what are the implications for the market from the strengthening of long-term US bond interest rates?
This article is from Wind. Us long-term bond yields are showing signs of rising as the economy recovers and expectations of fiscal stimulus rise, with 30-year yields hitting a high of 2 per cent since March 2020 this week. It is worth noting that despite the rise in yields, U. S. stocks hit new highs overnight. Goldman Sachs Group mentioned this "bizarre" scene in the market recently and analyzed the impact of higher interest rates on long-term bonds on the market. 1. How does the recent rise in interest rates affect the US stock market? Since Pfizer Inc (PFE.US) announced an effective vaccine candidate in early November last year, the United States 10
CannTrust Entered Restructuring Support Deal with Key Class Action Plaintiffs
DJ CannTrust Entered Restructuring Support Deal with Key Class Action Plaintiffs By Stephen Nakrosis Cannabis company CannTrust Holdings Inc. on Wednesday said it entered into a restructuring
Southeast Asian ride-hailing software giant Grab considers going to the US for IPO this year
According to people familiar with the matter, Singapore-based ride-hailing software and food delivery giant Grab is considering the possibility of going public in the US this year after the company ended merger and acquisition negotiations with Indonesian rival Gojek. The financing scale of this IPO is likely to reach at least 2 billion US dollars, which may set a record for overseas stock issuance by Southeast Asian companies. According to the source, the plan, including the scale and schedule of the release, has not yet been finalized and will depend on market conditions.
Samsung head Lee Jae-rong was sentenced to 2 and a half years in a retrial in the bribery case
The Seoul High Court handed down a retrial of Samsung Electronics Chairman Lee Jae-rong's bribery case on Monday afternoon, and sentenced Lee Jae-rong to 2 years and 6 months in prison. In the previous trial, the South Korean prosecution asked the court to sentence Lee Jae-rong to 9 years in prison. During the retrial, the independent prosecution team and Lee Jae-rong debated on how to evaluate the Samsung Law-abiding Surveillance Committee on the issue of sentencing. Whether Lee Jae-rong was finally sentenced to prison or suspended has attracted much attention. In February 2017, Lee Jae-rong allegedly asked then-President Park Geun-hye and her close friend Choi Seo-won (voice, former name Choi Sun-si) to help him inherit the management rights and provide 29.8 billion won (about RMB 1.7)
The Senate meets on Saturday to discuss Barrett's nomination, which will be confirmed on Monday.
The procedural vote will be held on Sunday and the final confirmation will be held on Monday. On Saturday afternoon EDT, the Senate will meet in a rare session to debate Justice Amy Coney Barrett's entry to the Supreme Court. In a few days, voters will decide whether Republicans will continue to control the Senate and the White House. Democrats strongly opposed the confirmation of Barrett's appointment so close to the election, boycotting the Judiciary Committee's vote on Thursday. Senator Chuck Schumer (Chuck Schumer), Democrat of New York, adopted four kinds of procrastination wars at the Senate meeting on Friday.
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