Hexo Sees Revenue Bump To $22.1 Million In Q3, Net Loss of $19.5 Million
Hexo Corp (TSX: HEXO) (NYSE: HEXO) this morning reported its third quarter 2020 financial results, posting revenues of $22.1 million, up from $17.0 million in the previous quarter, along with a net loss of $19.5 million. Despite the significant increase in revenue, the company has yet to show a path to profitability. Gross margins before […]
US Bureau of Labour: 4.5 Unemployed Workers For Each Open Job Position
Although a month late, the US Bureau of Labour Statistics (BLS) has finally released the results of its Job Openings and Labour Turnover Survey (JOLT) for April. According to the survey, the month of April was the worst on record since 2014, with job openings falling from 6.011 million to only 5.046 million. The majority […]
Canadian Federal Government to Release Economic Update this Summer; Deficit Likely Exceeds $260 Billion
The coronavirus pandemic has caused the Canadian federal government to impose stay-at-home orders, strict social distancing guidelines, and non-essential business shut-downs. However, as a means of mitigating the severe financial hardships that some Canadians and businesses have had to endure as result, the federal government has also been generous with its monetary and fiscal policies. […]
Federal Government’s CERCA Program Not As Successful As Anticipated, Quebec And Ontario Step In
As a means of helping Canadian small businesses overcome financial obstacles during the coronavirus pandemic, the federal government unveiled the Canada Emergency Commercial Rent Assistance (CERCA) program. Under the program, commercial landlords that apply will be required to forego 25% of their incoming rent, while the federal and provincial governments subsidize the tenant’s remaining rent […]
25,000 Retail Stores are Predicted to Permanently Close by End of 2020
Although the peak of the coronavirus pandemic is supposedly beginning to subside given that states are starting to ease restrictions and stay-at-home orders, the recovery of the US economy still has a long way to go. Despite the increasing prospects of a V-shaped or U-shaped economic recovery- depending on how pessimistic or optimistic one is, […]
Kyle Bass Makes Fearless Bet Against Hong Kong’s Currency Peg
Kyle Bass, who founded Hayman Capital Management and then made his mark when he bet against subprime mortgages prior to the 2008 collapse, has decided to put his risk-seeking speculations to the test. He has started up a new fund that is betting on the collapse of the Hong Kong’s currency peg. Little over a […]
Namaste Posts First Quarter Revenues of $5.3 Million, Net Loss of $7.4 Million
Namaste Technologies (TSXV: N) this morning published its first quarter 2020 financial results, revealing its best revenue quarter in two years with revenues of $5.3 million on a net basis. The trouble, is that despite the great top line figure, the company is nowhere near profitability, posting a net loss of $7.4 million. Net revenues […]
Internet of Things Inc Subsidiary Signs Multi Year Data Sales Contract
Data is valuable, especially for The Internet of Things Inc (TSXV: ITT). The firm this morning announced that its subsidiary, Weather Telematics, has entered into a multi-year agreement with Synoptic Data PBC to provide data provision services for its meteorological data. The agreement, classified as a licensing contract, is expected to generate seven figures worth […]
Xebec Adsorption Announces $11.9 Million In New Potential Backlog Orders
Xebec Adsorption (TSXV: XBC) this morning announced that it has secured an additional letter of intent for the sale of another installation, bringing this months orders to approximately $11.9 million. The latest letter of intent is for the sale of a landfill gas to renewable natural gas installation, which will be sold within North America. […]
PharmaCielo Conducts $4.0 Million Bought Deal Financing
PharmaCielo Ltd (TSXV: PCLO) is the latest firm to announce a bought deal financing. The firm announced this morning that a syndicate of underwriters lead by Cormark Securities and Stifel GMP had agreed to purchase roughly $4 million in common shares on a bought deal basis. The terms of the financing will see 5,555,560 common […]