US House of Representatives Approve Marijuana Banking Bill
The US House of Representatives successfully passed new legislation that would allow banks to offer services to US cannabis companies in states where the use of marijuana is legalized. The vote, which was coincidentally timed on the eve of the 4/20 cannabis celebration, paves the way in eliminating a significant barrier to development of a […]
GameStop Shares Rise After CEO’s Departure Confirmed
GameStop (NYSE: GME) shares rose by more than 6% on Monday, after the video game retailer revealed that its current CEO, George Sherman, will be stepping down before the end of July. As Chairman Ryan Cohen continues his overhaul of GameStop, CEO George Sherman has become the latest in a string of executives to leave […]
Netflix: Q1 2021 Consensus Analyst Estimates
Netflix (NASDAQ: NFLX) will be reporting their first quarter financial results on April 20th after markets close. Analysts have a consensus $622.74 12-month price target on the company, via a total of 44 analysts, with 13 analysts having strong buy ratings. 20 analysts meanwhile have buy ratings, seven have hold ratings, three analysts have sell […]
Canadian Housing Starts Soar 22% In March, To Highest Since 1977
Housing starts across Canada soared to yet another new record last month, as developers rush to take advantage of the country’s surging real estate market. According to the latest data published by the Canada Mortgage and Housing Corp (CMHC), housing starts jumped by 21.6% from February, to an annualized 335,200 units in March. This marks […]
Peloton Shares Fall After US Safety Regulator Issues Warning on Treadmills
Shares of Peloton Interactive Inc. slumped by nearly 10% on Monday, after a US regulatory agency urged consumers to cease using the Tread+ machine, after multiple reports of injuries involving young children and pets surfaced. The U.S. Consumer Product Safety Commission revealed on Saturday it had received multiple reports of children and pets being pulled […]
Bitcoin Is Showing Signs Of Exhaustion: Chris Vermuelen
Starting off this week on the Daily Dive, is that of Chris Vermuelen of The Technical Traders. Chris joins us this afternoon to provide his insight on the recent price action of bitcoin (note that filming was conducted April 13), his take on where cannabis stocks might be headed, and his read on lumber futures. […]
Scottie Resources – AUX Resources: A Strategic Combination for Both Shareholder Bases
On April 12, Scottie Resources Corp. (TSXV: SCOT) agreed to acquire AUX Resources Corporation (TSXV: AUX) in an essentially no-premium share-for-share exchange. Each share of AUX will be exchanged for one share of Scottie. Both Scottie Resources and AUX Resources are exploration-stage junior miners in the Stewart Mining Camp in British Columbia’s Golden Triangle, one of the […]
Cognetivity Neurosciences: Echelon Initiates Coverage With $0.85 Price Target
On Friday, Echelon Capital Markets initiated coverage on Cognetivity Neurosciences (CSE: CGN) with a speculative buy rating and C$0.85 12-month price target. This is the first analyst coverage on the name. Stefan Quenneville headlines, “You Cannot Afford to Forget this Company; AI-Powered Test Could Be a Game-Changer in Alzheimer’s Detection.” Cognetivity Neurosciences is a telehealth […]
McEwen Mining Reports 30,600 Gold Equivalent Ounces Produced In Q1 2021
McEwen Mining Inc. (TSX: MUX) reported this morning its production results for the first quarter of 2021. The results, which reported gold equivalent production calculated based on a gold:silver ratio of 68:1, amounted to 30,600 ounces for the quarter. The 30,600 ounces of gold equivalent produced for the quarter is a 12.8% decline from last […]
Ventripoint Files For Provisional Patent On Heart Motion Tracking Tech
Ventripoint Diagnostics (TSXV: VPT) is evidently looking to grow its portfolio of intellectual property. The company this morning announced that it has filed for a provisional patent in the United States for its novel cardiac measurement approach. The IP being protected reportedly tracks the movement of the heart and valves through the entire heartbeat, whereas […]