Newsletter
First legal draft for legalisation in Arizona is on its way
In November, the State of Arizona voted to legalize adult marijuana use by passing Proposition 207. Now health officials have started writing the rules for the sale, which could start in the spring. It is now legal for adults to own up to an ounce of marijuana …
Air Canada announces new CFO
Air Canada (OTCQX: ACDVF) has appointed Amos Kazzaz as Executive VP and CFO effective February 15, 2021. Kazzaz is currently Senior VP, Finance, the airline and is based in Air Canada's headquarters in Montreal. As CFO, he will oversee the overall financial …
IBM takes first step into the digital payment arena
IBM (NYSE: IBM) announces that it has acquired the fintech company Expertus Technologies on undisclosed terms. Expertus will be added to the company's Global Business Services unit to expand its hybrid cloud solutions for digital payments. "Financial …
Even Jay-Z has his own cannabis brand now
Jay Z, whose real name is Shawn Carter, has just become the newest celebrity to enter the marijuana industry. The rapper launched his premium cannabis brand Monogram last week, whose products include multiple strains labeled as light, medium, and heavy. The …
Honda will recall 1.4 million vehicles world wide
Honda (NYSE: HMC) claims to be recalling nearly 1.8 million vehicles worldwide, including 1.4 million in the United States in four separate campaigns, some of which are related to reported fires. Honda Says Recall in US affects 268,000 2002-2006 model years …
Wish IPO raises more than 1 bn dollar
ContextLogic (NASDAQ: WISH) priced its initial public offering at $ 24 to raise $ 1.1B, which equates to an initial valuation of $ 17B - Bloomberg. WISH had planned to sell 46 million shares in the range of $ 22- $ 24 per share. The company reported revenues …
BASF is planning a nickel-cobalt refining plant
BASF and Eramet announced today that they have signed an agreement to the construction of a hydrometallurgical nickel and cobalt refining complex. The complex would have a high pressure acid leach facility that would be located in Weda Bay, Indonesia. The …
Cannabis Record Sales in Colorado
The coronavirus has negatively impacted many industries this year, but one that came out with sprinkling was the marijuana sector. The state of Colorado reported that sales at its marijuana dispensaries hit a record this year. Colorado Dispensaries sold more …
Crude Oil supplies increase sharply in the US
The American Petroleum Institute reportedly showed an unexpected build of 1.97 million barrels of oil for the week ending December 11th. Gasoline supplies reportedly show a build of 828K barrels, Distillate supplies show a build of 4.76M barrels, and Cushing …
Ford has to delay the launch of the new Bronco
Ford Motors (NYSE: F) announced that the launch of the upcoming Bronco SUV has been postponed from spring to summer 2021 due to supply chain issues related to COVID-19. Jiyan Cadiz, the company's spokesman, said customers who reserved the Bronco should start …