Aurora Cannabis’ Revenues Fall 6% To $67.8 Million In Q1 2021, Net Loss Hits $109.5 Million
Whereas Canopy Growth Corp (TSX: WEED) (NYSE: CGC) posted revenue growth of 22.5% this morning on a quarter over quarter basis, Aurora Cannabis (TSX: ACB) (NYSE: ACB) continued to give up its lead, with Aurora revenues declining 5.96% on a quarterly basis. Aurora’s net revenues hit $67.8 million, while the net loss amounted to $109.5 […]
Canopy Growth’s Net Revenue Climbs 22.5% To $135.3 Million In Q2, Records Loss Of $96.6 Million
Canopy Growth Corp (TSX: WEED) (NYSE: CGC) this morning reported its second quarter 2021 financial results, reporting net revenues of $135.3 million along with a net loss of $96.6 million for the period ended September 30, 2020. Revenues were up significantly on a quarter over quarter basis, with growth amounting to 22.5%. Revenue growth largely […]
PI Financial Raises Aphria’s Price Target To $11.00
On Wednesday, Aphria Inc (TSX: APHA) (NASDAQ: APHA) announced that it had entered an agreement to purchase 100% of SweetWater Brewing Company for a total of U$300 million with a U$66 million cash earn-out that will run through 2023. The transaction, as per Aphria, is being treated as a “merger and acquisition.” Of the U$300 […]
New Jersey Issues Lyft With $16 Million Tax Bill, Adding Further Pressure on Gig Economy Worker Classification Rift
Following the successful passing of Proposition 22 in California, which will see the continuation of gig companies such as Lyft and Uber classifying their workers as contractors, it appears that celebrations should not be had just yet. According to Bloomberg Law, the New Jersey Department of Labour and Workforce Development is seeking $16 million in […]
PI Financial, Canaccord Revise Cronos Group Estimates Downward Following Q3 Results
Last week, Cronos Group (TSX: CRON) (NASDAQ: CRON) reported its third quarter 2020 results. The company reported total net revenues of US$11.4 million, an increase of roughly 15% quarter over quarter, and their operating expenses rose to $39.6 million from that of $31.8 million. Matt Bottomley, Canaccord’s cannabis analyst, headlines their note related to the […]
Spotlight Series: Brady Cobb On The State Of US Cannabis
Back in August, we sat down with Florida native Brady Cobb, whom is known quite well within the cannabis space. Currently serving as the CEO of Bluma Wellness (CSE: BWEL), the owner of One Plant Florida, Cobb has had a storied history within the Florida cannabis market, which includes executive roles at several firms. Prior […]
New Energy Vehicles Slated To Make Up 20% Of China’s Car Sales By 2025, Adding Further Pressure On EV Makers Including Tesla
It appears that the global EV market is not going to contract anytime soon, as the world’s largest auto market recently reiterated its stance on new energy vehicles. As many countries around the world get on board with cleaner energy in a post-pandemic world, the demand for new energy vehicles – which include battery electric, […]
Raymond James Upgrades Village Farms To Strong Buy After Pure Sunfarms Acquisition
Raymond James upgraded Village Farms (TSX: VFF) (NASDAQ: VFF) to a strong buy, up from a outperform rating and a $20 price target this week. This comes after Village Farms announced that they had completed their acquisition of Pure Sunfarms. Back in September, Village announced that they would be purchasing the remaining 41.3% of Pure […]
GTA Home Sales Up 25% in October as Demand for Detached Properties Soars
Despite the calls for an impending housing market crash, it appears that Canada’s real estate is still booming higher than ever, as the country’s largest housing market once again posted record-highs in October. According to the Toronto Regional Real Estate Board (TRREB), total sales in the Greater Toronto Area (GTA) skyrocketed by 25.1% in October […]
It’s Nearly 2021; Where’s My Flying Electric Car?
Auto hasn’t been a growth sector for quite some time. It’s been dominated by mature, legacy industrial companies for decades. Generally, those companies generate growth internally within product classes, and let the sales of hot products carry the divisions that lag or lose money. Auto isn’t nimble enough to pivot away from what doesn’t work […]