Acreage Holdings Reports Declining Revenues Of $31.5 Million, Net Loss Of $45.5 For Q4 2020
Acreage Holdings (CSE: ACRG.a, ACRG.b) this evening issued a press release outlining its financial results for the fourth quarter of 2020. Within, the company filed fourth quarter revenues of $31.5 million, along with a net loss of $45.5 million. While the company refers to itself as having “reported” earnings, full financial results have yet to […]
Curaleaf Holdings Reports Q4 2020 Revenues Of $230.3 Million, Net Loss Of $35.3 Million
Curaleaf Holdings (CSE: CURA) this evening reported total revenue of $230.3 million for the fourth quarter of 2020, an increase of 26% from the prior quarter, along with a net loss of $35.3 million. Adjusted EBITDA meanwhile hit $53.8 million. For the full fiscal year, the company managed to post revenues of $626.6 million, an […]
Curaleaf To Enter European Market With US$286 Million Acquisition
Curaleaf Holdings (CSE: CURA) this evening announced that it is making a move into European markets. The US-focused cannabis operator has agreed to acquire that of EMMAC Life Sciences, whom is reportedly the largest vertically integrated independent cannabis firm in Europe. The acquisition will see Curaleaf pay base consideration of US$286 million, which will see […]
Lithium Americas: Production Start At Argentina Lithium Brine Project Delayed Until Mid-2022
In early March, Lithium Americas (TSX: LAC) reported its fourth quarter and full year 2020 earnings. The company’s 4Q 2020 operating loss and cash flow deficit were US$8.1 million and US$7.1 million, respectively, approximately in line with figures reported for each of the first three quarters of 2020. The most noteworthy part of the earnings […]
Tesla’s Recent Stock Market Decline Creates Cascade of Underperforming ETFs
Over the past week, sentiment surrounding tech companies has turned negative, as a massive sell-off of major Nasdaq names has dominated headlines amid growing fears of inflation and a subsequent spike in Treasury yields. Most notably, Tesla shares have been at the forefront of the speculation, plunging by more than 30% this month following a […]
Janet Yellen Says $1.9 Trillion Stimulus Bill Won’t Create Inflation
US Treasury Secretary Janet Yellen has been downplaying concerns regarding an impending breakout in inflation following the recent increase in Treasury yields and Biden’s upcoming $1.9 trillion stimulus package. In an interview with PBS NewsHour on Friday, Yellen said the recent surge in Treasury debt yields were the result of growing economic recovery optimism, rather […]
Junior Mining: Focus On District Scale Projects And Great Teams – The Daily Dive feat Michael Rowley
Today on the Daily Dive, we sit down with Michael Rowley, CEO of Group Ten Metals (TSXV: PGE). Michael joins us this afternoon to discuss the process of identifying potential metals properties, the challenges of mining in the north, and the significance of battery metals. Group Ten Metals is a junior exploring operating in Canada […]
Curaleaf: Consensus Estimate Fourth Quarter Earnings Preview
Curaleaf Holdings (CSE: CURA) announced that they will be reporting their fourth quarter and year-end financials post-market on March 9th. Analysts have a consensus C$25.14 12-month price target on the company, via a total of 14 analysts, with four analysts have strong buy ratings and the other ten have buy ratings. The street high comes from […]
Psyched Wellness: Canaccord Pens “Future In Fungi Report”
Yesterday morning, Canaccord Genuity released a primer into five psychedelic companies that they “believe could mature into leaders within their respective fields, some as soon as this year.” To start off this note, Tania Gonsalves says that in the past year, 20+ psychedelic companies have gone public, and 14 existing companies have now pivoted to […]
Building Construction Investment Reaches $16 Billion For First Time On Record
For the first time on record, investment in building construction rose by 2.8%, reaching a total $16 billion in January, amid continued strength in Canada’s residential sector. According to Statistics Canada, residential construction investment increased by 3.9% to $11.6 billion in January, following a record-high set in the previous month. Gains in this category were […]