Aurora to enter U.S. market with $40 million of acquisition of CBD brand Reliva

Aurora to enter U.S. market with $40 million of acquisition of CBD brand Reliva
EDMONTON — Aurora Cannabis Inc. says it is entering the U.S. market by acquiring hemp-based cannabidiol company Reliva LLC. Edmonton-based Aurora will acquire all of the issued and outstanding membership interests of Reliva, while Reliva members will receive roughly US$40 million in Aurora’s common shares. If Reliva achieves certain financial targets, the transaction includes a potential earn-out of up to a maximum US$45... Read More

A perfect fit? Customers need to navigate new norms in clothing stores

A perfect fit? Customers need to navigate new norms in clothing stores
Shopping for clothes used to be a relatively simple process three months ago: walk into a store, try on a number of items, buy what you want, leave the rest. As retailers begin to re-open nationwide after months of shutdown during the COVID-19 pandemic, a few more steps are being added to the customer’s shopping experience. Waiting in line to reduce in-store traffic, putting on hand sanitizer once... Read More

Royal Caribbean loses $1.4 billion in first quarter

Royal Caribbean loses $1.4 billion in first quarter
NEW YORK — Royal Caribbean lost $1.4 billion in the first quarter after the coronavirus forced its entire fleet to port. Wall Street, however, overlooked the massive loss Wednesday, focusing instead on bookings for next year. The Miami cruise company said that bookings for 2021 are within “historical ranges.” Shares jumped 3% at the opening bell, though they remained volatile... Read More

TC Energy joins pumped hydro power storage project at retired coal mine site

TC Energy joins pumped hydro power storage project at retired coal mine site
CALGARY — Developers of a stored hydroelectric power project to be built next to a retired open pit coal mine east of Jasper National Park have enlisted TC Energy Corp. as a partner. Kipp Horton, CEO of Calgary-based WindRiver Power Corp., says bringing the power, utility and pipeline giant in as an investor means that its Canyon Creek project, the first large-scale... Read More

Deflation expected in April CPI report as pandemic lockdown took hold

Deflation expected in April CPI report as pandemic lockdown took hold
OTTAWA — Statistics Canada is expected to report that the consumer price index decreased in April, the first full month the economy was gripped by the COVID-19 pandemic. Economists on average had expected a reading of negative 0.28 per cent for April, according to financial markets data firm Refinitiv. That’s a further decline from March when the annual pace of inflation in... Read More

First-quarter earnings: A sector-by-sector look at the effects of COVID-19

First-quarter earnings: A sector-by-sector look at the effects of COVID-19
The majority of Canadian companies have reported earnings for the first three months of 2020, giving a picture of the impact of the COVID-19 pandemic on business so far and in the months to come. Here’s a sector-by-sector look at some of the themes that have emerged: RETAIL: Canadian retailers scrapped their financial outlooks, announced permanent store closures and saw sales slip... Read More