Sun Pharm going public
Medical marijuana producer Sun Pharm Investments Ltd. is moving to create Zenabis Global Inc., a publicly traded company with growing operations in British Columbia, New Brunswick, and eventually in Nova Scotia. The privately-held cannabis company is merging with a subsidiary of propagated agricultural plants supplier Bevo Agro Inc. via reverse takeover, in which a smaller […]
LNG OK renews interest
Some see it as a signal of investor confidence in liquefied natural gas megaprojects. Others say it could edge out less competitive LNG proposals in Canada. Either way, final approval of a massive LNG project in northern British Columbia has renewed interest in the fate of two projects slated for Canada’s East Coast. Bear Head […]
Nokia 7.1 launched with ‘PureDisplay’ technology at Rs 28000 onwards
LONDON: Finnish company HMD Global that makes Nokia smartphones has launched the Nokia 7.1, a first with “PureDisplay” screen technology at an event in London. The Nokia 7.1 will retail between 299 euros and 349 euros (or Rs 28,000-Rs 33,000) depending on where you live in Europe, the company said in a statement late Thursday. […]
Why Companies Should Use Digital Technology To Reach Emerging Consumers In Asia
Take two sales and profit scenarios. Scenario 1: a customer pays $100 for a life insurance plan that costs $20 to market to this customer for a profit of $80. Scenario 2: 20 customers buy life insurance plans for $5 each that costs $1 to market, thus generating the same profit of $80. Shouldn’t this […]
China planted chips in Apple and Amazon servers, report claims
Both firms deny report they found chips giving backdoor access to computers and data A Chinese military unit has been inserting tiny microchips into computer servers used by companies including Apple and Amazon that give China unprecedented backdoor access to computers and data, according to a new Bloomberg report. The tiny chips, as small as […]
KRAFT HEINZ STARTS FOOD TECHNOLOGY VC FUND WITH $100 MILLION
Kraft Heinz Co. is joining the ranks of Big Food peers with a venture capital fund focused on concepts that are shaking up the food industry, such as supply chain technology and e-commerce. The packaged-food giant has committed $100 million to start a new firm called Evolv Ventures, which will invest in food technology companies. […]
Would you spend $250 on a bottle of rum?
A pricey offering from Mount Gay has a Scotch-like appeal The bottle: Mount Gay Rum Master Blender Collection: XO The Peat Smoke Expression, $250 The back story: Mount Gay REMYY, -1.72% is a rum that takes a lot of pride in its past. In fact, the Barbados-made brand, long associated with sailing culture, calls itself […]
Bitcoin prices on track for most quiescent week in 2 years
Crypto market value hovers around $220 billion Digital currency prices are trading mostly unchanged Friday, continuing what’s been a subdued week for the cryptocurrency market. Bitcoin, BTCUSD, +0.38% the world’s largest digital currency, was changing hands at $6,548.31, down 0.1% since Thursday at 5 p.m. Eastern Time on the Kraken cryptocurrency exchange. Bitcoin is on […]
Tesla stock tumbles after Musk’s swipes at SEC, short sellers
Shares the worst performer in the Nasdaq 100 Tesla Inc. shares slid Friday in the wake of Chief Executive Elon Musk appearing to mock the U.S. Securities and Exchange Commission and renewing his criticism of short sellers less than a week after reaching an agreement with regulators on fraud charges. Tesla stock TSLA, -7.05% ended […]
Why gold prices may have already bottomed
October has historically been gold’s worst performance month: Dow Jones Market Data Gold prices may already have hit bottom for the year after declining for the past six months in a row—the longest streak of losses in nearly three decades. Lower prices have contributed to a boost in global central-bank purchases of gold. Other signs […]