Nevada Copper: Commercial Production Gets A Slow Start
On February 19, Nevada Copper Corp. (TSX: NCU) announced that commercial production has begun to ramp up at the underground mine portion of its Pumpkin Hollow copper project in Nevada. However, as is the case with many mine start-ups, the company has experienced initial operating issues. The average rate of copper ore hoisted to the […]
Raymond James: Cronos Financials A “Relative Non-Event”
On February 26th, Cronos Group (TSX: CRON) (NASDAQ: CRON) reported fourth quarter and full year financial results. The company reported fourth quarter total revenue of C$17 million, a 50% increase quarter over quarter, while also reporting negative gross margins of 87% or -C$14.9 million. Adjusted EBITDA came in at -C$53.1 million. For the full year, […]
Canadian E-Commerce Boom Expected to Fuel Demand for Additional Warehouse Space
The recent surge in e-commerce retail sales amid the pandemic has sparked an increase in demand for warehouse space, which will likely continue even beyond the pandemic. According to a recent report by brokerage firm CBRE Ltd, Canada will require approximately 40 million square feet of additional warehouse space over the next five years, after […]
Company Overview: Leveljump Healthcare
Leveljump Healthcare (TSXV: JUMP) is a Toronto, Ontario-based medical company that sees much of its revenues derived from remote services whom is focused on developing and marketing innovative technology solutions for the healthcare industry. The company has been operating as Canadian Teleradiology Services (CTS) for 16 years as a leading supplier of emergency room radiology […]
China’s Central Banks, UAE Enter Joint Digital Currency Project for Cross-Border Payments
The Bank of Thailand (BOT), along with the Hong Kong Monetary Authority (HKMA), have announced a joint project with the People’s Bank of China (PBOC) and the Central Bank of the United Arab Emirates that will use blockchain technology to conduct cross-border payments. Last year, the Hong Kong Monetary Authority and the Bank of Thailand […]
Magna: Analysts Upgrade En Masse Following Earnings Beat
On February 19th, Magna International (TSX: MG) announced its fourth quarter and full year financials alongside providing 2021 and 2022 guidance. The company announced quarterly sales of $10.56 billion, up 12% year over year. Earnings per share came in at $2.83, just a little more than double last year. The company is guiding for $40-$41.6 […]
US Pending Home Sales Drop to 6-Month Low Amid Decreasing Housing Supply
US pending home sales took a plunge in January, falling to the lowest level in six months as potential homebuyers competed for a diminishing supply of property. According to the latest data published by the National Association of Realtors (NAR), the pending home sales index fell by 2.8% in January, to a reading of 122.8— […]
Lithium Metal Battery Tech Continues To Advance, A Positive For Lithium Junior Miners
On February 16, QuantumScape Corporation (NYSE: QS), a U.S. technology company, announced an important advancement in the development of a solid-state, or lithium metal, battery for electric vehicles (EVs) – the manufacturing of a four-layer lithium metal battery cell. This is a necessary precursor to the eventual ability to produce multi-layered battery cells that would […]
Ayr Wellness Closes On Liberty Health Acquisition
Ayr Wellness (CSE: AYR.a) this afternoon announced that it has closed on the acquisition of Liberty Health Sciences (CSE: LHS). The transaction, initially valued at $372 million, was an all-stock transaction. The closing of the transaction follows the two firms receiving shareholder approval from stakeholders in Liberty Health earlier this month. Liberty Health shareholders received […]
Teladoc: Mixed Results From Analysts Following Q4 Results
On February 24th, Teladoc Health (NYSE: TDOC) reported their full-year and fourth quarter results. Fourth quarter and full year revenue came in at $383.3 million and $1.09 billion, representing a 145% and 98% increase year over year, respectively. They also issued first quarter and full-year guidance for 2021. Total revenue is expected to be in […]