CubicFarms: Automated Commercial Scale Food Production – The Daily Dive feat Dave Dinesen
Starting off the trading week on The Daily Dive, we sit down with Dave Dinesen, CEO of CubicFarm Systems (TSXV: CUB). Dave joins us to talk the rising issue of food security, the reality of growing produce at scale in Northern climates, and the automation of commercial scale produce production. CubicFarms describes itself as a […]
48North Sees CFO Leave Company After Less Than A Month On The Job
48North Cannabis (TSXV: NRTH) has seen its chief financial officer depart from the company after less than a full month on the job. Sean Bryne, whom joined the company on March 1, 2021, has elected to resign from his role of CFO as of this morning, amid a number of operational changes announced by the […]
Cresco Labs: Canaccord Maintains Price Target Following FY2020 Results
Last week, Cresco Labs (CSE: CL) reported their fourth quarter and full-year 2020 financial results. The company reported fourth quarter revenues of $162.3 million and adjusted EBITDA of $50 million. For the full year, they reported $476.3 million and adjusted EBITDA of $116 million. Cresco Labs currently has 16 analysts covering the company with a […]
Biden Administration Considering Vehicle Mileage Tax to Fund Infrastructure Plan
The US government has been mulling various ways of how to pay for Biden’s next big-ticket infrastructure proposal, and one of the recent ideas thrown into the mix has been a vehicle mileage tax. In an interview with CNBC in Friday, Transportation Secretary Pete Buttigieg said a tax on miles driven is a proposal that […]
PowerBand Solutions Launches Consumer To Consumer DrivrzXchange
PowerBand Solutions (TSXV: PBX) has formally launched DrivrzXchange, the firms online consumer auction platform. The highly anticipated platform has begun its pilot launch in Northwest Arkansas, with the company indicating it intends to rapidly expand into select markets across the US. DrivrzXchange is a “C2C,” or consumer to consumer auction portal. The marketplace enables verified […]
Week Ahead: Canadian Markets Await January GDP Print
The economic calendar appears to be quite busy for the week ahead amid the upcoming highly anticipated Canadian GDP print and US pending home sales. On Monday, healthcare-focused software company Vitalhub is expected to publish its earnings for the fourth quarter 2020, with analysts projecting revenues of $4.79 million. Similarly, Medipharm Labs and Zenabis Global […]
Ray Dalio: Bitcoin Could Face Same Fate As Gold In 1934
The world’s largest cryptocurrency could soon face scrutiny, as governments may be looking to impose restrictions on the decentralized currency similar to the way gold was outlawed in 1934, says the founder of the largest hedge fund in the world. According to the Ray Dalio, founder of Bridgewater Associates, bitcoin could face similar consequences like […]
Yield-Hungry Investors Pile Into Junk Bond Market As Companies Raise Record $140 Billion
In a rush to secure cheap cash, companies have issued a record $140 billion in the US junk bond market in the first quarter of 2021, significantly exceeding the record set during the onset of the pandemic. According to data collected by Refinitiv, the record-low borrowing costs that have become a staple of the economic […]
Enthusiast Gaming: Canaccord Raises Price Target To $12
On March 22nd, Enthusiast Gaming (TSX: EGLX) released their fourth-quarter earnings and announced a partnership deal with TikTok. Enthusiast Gaming reported quarterly revenue of $42.5 million, with a gross profit of $8.1 million or a 19% margin. They meanwhile had a negative $6.9 million net income. For the year, total revenue equaled $72.76 million, with […]
Trading: It’s Easier To Eliminate The Losers Than Pick The Winners – The Daily Dive feat David Barse
For our Sunday edition of the Daily Dive, our host Cassandra Leah sits down with that of David Barse, founder and CEO of XOUT Capital. David joins us this afternoon to discuss the methodology behind his unique index, the key metrics used in his due diligence, and the flags that he watches out for with […]