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U.S. stocks rebound on upbeat economic data


U.S. stocks rebounded on Friday as Wall Street reassessed concerns arising from news that the White House could seek a hike to the capital gains tax.
The Dow Jones Industrial Average gained 227.59 points, or 0.7%, to 34,043.49. The S&P 500 rose 1.1% to 4,180.17, while the tech-heavy Nasdaq Composite climbed 1.4% to 14,016.81.
Stocks were supported by data indicating an acceleration in economic activity and even faster growth in new home sales, as investors largely brushed off Thursday s reports that President Joe Biden would propose a large increase on the capital-gains tax for the wealthiest Americans.
In U.S. economic data, the IHS Markit purchasing managers index for the manufacturing sector rose to a record 60.5 in April from 59.1 a month earlier, while the services sector PMI jumped to 63.1 from 60.4. A reading of more than 50 indicates an expansion in activity. ....

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Orchid Ventures, Inc.: Orchid Ventures Announces Grant of Stock Options


Orchid Ventures, Inc.: Orchid Ventures Announces Grant of Stock Options
Company or
Orchid ) (CSE:ORCD)(OTC PINK:ORVRD) announces that the Company has granted stock options (
Options ) to certain of its directors, officers and employees to acquire an aggregate of 4,470,000 common shares of the Company (
Shares ).
The Options have an exercise price of $0.34 per Share, being a price slightly higher than the $0.335 closing trading price of the Shares on the Canadian Securities Exchange on April 22, 2021. The Options expire on April 22, 2026 and vest immediately.
About Orchid Ventures, Inc.
Orchid Essentials is a California-based cannabis innovation company that has developed a mass-market brand and loyal consumer following with its premium cannabis products and unique vape hardware delivery systems. Orchid also owns 100% of PurTec Delivery Systems, a company that produces, markets and sells clean vaporizer hardware that has been emissions tested agains ....

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Orchid Ventures, Inc.: Orchid Ventures Consolidated its Shares and Closes Over-Subscribed Private Placement of Units


Orchid Ventures, Inc.: Orchid Ventures Consolidated its Shares and Closes Over-Subscribed Private Placement of Units
Company or
Orchid ) (CSE:ORCD OTC:ORVRF) is pleased to announce, further to its news release of March 3, 2021 and effective March 31, 2021, the Company consolidated its common shares in the capital of the Company (the
Shares ) on the basis of a one (1) post-consolidation Share for each four (4) pre-consolidation Shares (the
Consolidation ) effective March 31, 2021.
The Company is also pleased to announce that it has closed its previously announced non-brokered private placement of units of the Company (the
Units ) by the issuance of 16,838,000 Units at $0.25 per Unit for gross proceeds of $4,209,500.00 (the ....

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