Cresco Labs Reports Q4 2020 Revenues Of $162.3 Million, Net Loss Of $23.4 Million
Cresco Labs (CSE: CL) this morning reported its fourth quarter and full year 2020 financial results. The company recorded fourth quarter revenues of $162.3 million, along with a net loss of $23.4 million. For the full year, revenues came in at $476.3 million, while the company posted a net loss of $36.6 million. The fourth […]
Kontrol Technologies Launches Share Buyback Program
Kontrol Technologies (CSE: KNR) last night announced that it intends to conduct a normal course issuer bid, also known as share buybacks. The program will see the company repurchase up to 2.1 million shares of its common stock, or roughly 5% of its currently outstanding shares. With 41.2 million shares currently outstanding, the company is […]
Bitfarms Reports Q4 2020 Revenue of $11.3 Million, Net Loss of $5.4 Million
Bitfarms Ltd (TSXV: BITF) this morning reported its fourth quarter and full year financial results for 2020, with the company recording revenues of $11.3 million for the fourth quarter along with a net loss of $5.4 million. The loss for the quarter was primarily attributed to financial expenses. The firm for the fourth quarter meanwhile […]
Treasury Metals Expands Drill Program To 60,000 Metres
Treasury Metals (TSX: TML) this morning announced that it is increasing its 2021 drill program at its Goliath Gold Complex. The revised program will now see 60,000 metres drilled in aggregate, following the close of a recent $17.6 million financing. The additional meterage to be conducted under the program will be focused on increasing drill […]
Cresco Labs: Analyst Q4 2020 Consensus Expectations
Cresco Labs (CSE: CL) announced that they will be reporting their fourth quarter and year-end financials pre-market on March 25th. Analysts have a consensus C$22.22 12-month price target on the company, via a total of 16 analysts, with four analysts having a strong buy rating and the other 11 have buy ratings and one analyst […]
Bitcoin Mining Boom Has Accelerated the Global Semiconductor Shortage
With the price of bitcoin continuously reaching new highs, some of the more obscure costs behind the cryptocurrency mining boom are being increasingly overlooked. A recent analysis by Cambridge University highlighted some of the environmental impacts stemming from digital currency mining. According to the report, the bitcoin mining process is so energy-intensive, that the annual […]
Energy Fuels’ Initiatives In Rare Earth Industry Could Translate To Higher Valuation
In early March, Energy Fuels Inc. (TSX: EFR) and Neo Performance Materials Inc. (TSX: NEO) announced a rare earth production initiative spanning North America and Europe. Energy Fuels will produce a mixed rare earth carbonate by April and ship a portion of that production to Neo’s rare earth separation facility in Estonia. Neo will then […]
Are Institutions Starting To Pour Into Cannabis Stocks? – The Daily Dive feat Todd Harrison
For our mid-week episode of The Daily Dive, we sit down with that of Todd Harrison, a founding partner of CB1 Capital and frequent commentator on the public cannabis space. Todd joins us this afternoon to discuss his expectations for the US cannabis regulatory environment under Biden, his take on Canadian cannabis, cannabis beverages, and […]
Gage Cannabis Expected To IPO On CSE In Early April
Gage Cannabis has reportedly filed for a direct listing in Canada. Reported this morning by Reuters, the company is expected to direct list on the Canadian Securities Exchange as per undisclosed sources. The company will look to list on the CSE as a result of its operations being based in the US, where cannabis operations […]
DigitalOcean: The IPO Deep Dive
DigitalOcean (NYSE: DOCN) is a cloud infrastructure provider, with its headquarters located in New York City, USA, and data centers located all around the globe. The company is presently headed by its current CEO, Yancey Spruill, a former executive at SendGrid, a communication platform for transactional and email marketing. Presently, DigitalOcean Holdings Inc is aiming […]