QYOU Media Sees Flagship Channel Ratings Surge 88% Over Five Weeks
QYOU Media (TSXV: QYOU) has seen continued growth of its flagship channel, The Q India. The company released data on the ratings growth experienced by the channel over the last five weeks this morning, identifying that overall its gross ratings points have increased by 88%, rising from 1.06 to 1.96, ahead of household brand names […]
Trulieve Posts Revenues Of $136.3 Million In Third Quarter, $4.7 Million In Net Income
Trulieve Cannabis Corp (CSE: TRUL) reported their third quarter financial results this morning, reporting revenues of $136.3 million for the period ended September 30, 2020. Net income meanwhile came in at $4.7 million for the three month period. Revenues were up 13% on a quarter over quarter basis. Gross profits for the period amounted to […]
Neptune Wellness Incurs Costs Of $2.0 Million Associated With July Cybersecurity Incident
Neptune Wellness (TSX: NEPT) (NASDAQ: NEPT) apparently has had cyber security issues recently. The company revealed within its second quarter financial results, filed this evening, that in July 2020 it was the subject of what it defines as a “cybersecurity incident” that was reported to authorities. The company’s incident, (i.e. hack) resulted in the company […]
Supreme Cannabis Posts Revenues Of $11.9 Million In First Quarter Of Fiscal 2021
The Supreme Cannabis Company (TSX: FIRE) this evening announced its first quarter financial results for fiscal 2021, reporting revenues of $11.9 million on a net basis, as compared to $9.5 million in the prior quarter, a 24% increase. The company posted a net income of $29.8 million thanks largely due to a gain on the […]
Neptune Wellness Sees Topline Revenue Grow 155%, Posts Negative Gross Profit
What’s the purpose of revenue growth if it comes at a gross loss? Neptune Wellness (TSX: NEPT) (NASDAQ: NEPT) shareholders are asking themselves that question following the reporting of the firms second quarter financials being filed this evening. While the company reported a 155% increase in revenues quarter over quarter to that of $28.7 million, […]
China Blocks Major Australian Imports in Latest Retaliatory Move
It appears that China has now focused its retaliatory measures on Australia, banning traders from buying Australian commodities that span across at least seven categories, as tensions between the two trading partners heat up to an all-time high. People familiar with the situation have revealed to Bloomberg that the Chinese government has barred commodity traders […]
BMO Upgrades Cineplex Price Target To $7.00, Rating To Market Perform
On Friday, Cineplex Inc (TSX: CGX) reported their third quarter results. Cineplex’s revenue was $61 million compared to 2019 third quarter’s revenue of $418.4 million, and while the reported loss per share came in at $1.91. They also announced that their financial covenant suspension will be extended until the second quarter of 2021 and that […]
Canadian Home Sales Showing Signs of Decline, Falling by 0.7% in October
Canadian home sales posted yet another month of record-strong gains, with sales activity rising by 32.1% on a year-over-year basis in October. However, sales activity did show a slight decline from the month prior, falling by a mere 0.7% since September. Nonetheless, overall housing activity in Canada remains resilient pushing into the fall and winter […]
Sober Curious? The Newest Trend – The Daily Dive feat Jeff Maser
Today on The Daily Dive, our host Cassandra Leah sits down with Jeff Maser, CEO of Tinley Beverage (CSE: TNY) to talk sober curious. Within, Jeff educates us on the sober curious movement, where it comes from, and where its headed. Jeff offers us his insights to the low-no alcohol category, which Tinley’s Beckett’s brand […]
Sundial Growers: Canaccord Initiates Coverage With US$0.30 Price Target
This morning, Canaccord Genuity initiated coverage on Sundial Growers (NASDAQ: SNDL) with a US$0.30 price target and a hold rating. Matt Bottomley, Canaccord’s analyst, says, “Although the company’s ability to secure a top-10 market share within the space is encouraging, we believe that uncertainties around SNDL’s capital position and cost structure may strain resources as […]