Aurora Cannabis Reports Q2 Net Revenue Of $67.6 Million, Net Loss Of $292.8 Million
Aurora Cannabis (NYSE: ACB) (TSX: ACB) this evening reported its second quarter 2021 financial results, reporting net revenue of $67.7 million, along with a net loss of $292.8 million. Notably, the firms news release headlines with total cannabis net revenue, excluding provisions, as well as an adjusted EBITDA loss that excludes numerous writedowns and impairments. […]
Antibe Therapeutics: Canaccord Upgrades Price Target To $16.50
Earlier this week, Antibe Therapeutics (TSXV: ATE) announced a strategic licensing deal with Nuance Pharm in China. The deal includes a U$20 million upfront payment, with U$100 million in milestone payments from Nuance Pharma. The agreement provides Nuance with exclusive rights to commercialize otenaproxesul, Antibe’s chronic pain drug, in China, Hong Kong, Macau, and Taiwan. […]
US CPI Data Suggests Covid-19 Continues to Dampen Inflation— For Now
Consumer prices rose slightly in January, while underlying inflation remained stagnant as the pandemic continues to ravage the US economy. According to latest data released by the US Labour Department on Wednesday, the consumer price index increased by 0.3% in January, following a rise of 0.2% in the prior month. In the meantime, the core […]
Mernova: Creso Pharm’s Licensed Cannabis Producer – The Daily Dive feat Jack Yu
Today on the Daily Dive, we sit down with Jack Yu, managing director of Mernova Medicinal, Creso Pharma’s (ASX: CPH) Canadian licensed producer subsidiary. Jack joins us to discuss his experience within the regulatory regime in Canadian cannabis, growing at scale, challenges frequently overlooked by investors, and the benefits of selling into the European markets. […]
Sundial: SNDL Growers’ Wild Ride
SNDL is a NASDAQ-listed stock, printed by the treasury of a company (Sundial Growers) that runs an objectively terrible cannabis business, that is currently outperforming its peers as it puts on an absolute clinic in the capital markets. SNDL shareholders saw a 78% jump in share price Wednesday, as the stock closed up $1.30 at […]
Mastercard To Begin Allowing Certain Cryptocurrencies On Its Network
The digital asset boom has been intensifying recently, as a number of financial platforms have opted to allow customers to conduct transactions using cryptocurrencies. Back in October, Paypal announced that it would allow its American users to make transactions via a number of cryptocurrencies including Bitcoin, Litecoin, and Ethereum, in a bid to align itself […]
Canuc Resources Commences Drill Program At San Javier Silver-Gold Project
Canuc Resources Corp (TSXV: CDA) this morning announced the commencement of its drill program at its flagship San Javier Silver-Gold project in Sonora State, Mexico. The program will see several thousand meters drilled at the project, where the company is in search of an IOCG deposit. A drill permit has been secured for the program, […]
Temas Resources Appoints Ryan Kuhn As Senior VP Of Corporate Finance
Temas Resources (CSE: TMAS) has a new senior vice president of corporate finance. The company this morning announced the appointment of Mr Ryan Kuhn to the role, an alumnus of JP Morgan and a graduate of Cornell University. Kuhn is highly experienced in the area of acquisitions and financings, with numerous multi-billion dollar transactions under […]
Mind Cure Sees Warrants Approved For Trading
Mind Cure Health (CSE: MCUR) is looking to provide a boost to its liquidity for shareholders. The company this morning announced that the Canadian Securities Exchange has approved the listing of certain of the firms outstanding warrants for trading. In total, 19.2 million warrants issued in conjunction with the firms recently closed bought deal offering […]
PowerBand Solutions Announces Gross Sales Of $6.7 Million For January 2021
PowerBand Solutions (TSXV: PBX) continues to see month over month demand growth for its product offerings. The company this morning released its January 2021 revenue figures across all subsidiaries. For the month of January, the company reported gross sales of $6.7 million, an increase from December’s figure of $6.1 million, while gross margins were stated […]