SEC Postpones Decision to Approve First US Bitcoin ETF
The SEC on Wednesday announced that it would postpone its decision on whether or not to approve America’s first bitcoin ETF until June, as the regulator’s chief requires additional time to review the application. Back in March, the SEC received an application from CBOE Global Markets, which seeked to gain approval to list shares of […]
Will The Safe Banking Act Result In Progress For Cannabis? – The Daily Dive feat Jason Wild
Today on the Daily Dive, we get the opportunity to sit down with Jason Wild, Executive Chairman of TerrAscend Corp (CSE: TER), and founder of JW Asset Management. Jason joins us this afternoon to discuss a variety of topics related to the cannabis sector, including the implications of the SAFE Banking Act, the expansion of […]
SEC Enforcement Director Resigns After Six Days On The Job
For the last year, the Securities and Exchange Commission has been seen as a revolving door as a way to get a cozy job at a private firm. Examples include such names as the former SEC chairman Jay Clayton joining the private equity conglomerate Apollo Global Management while also taking an advisory role at River […]
Canadian Retail Sales Jump 4.8% In February
Canadian retail sales jumped 4.8% in February to $55.1 billion, as sales rose in nine of the 11 subsectors, led by gains in motor-vehicle and parts dealers and gasoline stations. Core retail sales, which exclude sales at gasoline stations and motor-vehicle and parts dealers, increased by 3.8% during the same period, amid higher sales at […]
Twitter: Analysts Expect Consensus Revenue Of $1.02 Billion For Q1 2021
Twitter Inc (NYSE: TWTR) will be reporting its first quarter financial results on April 29th after market close. Analysts have a consensus $70.76 12-month price target on the company, via a total of 40 analysts, with four analysts having strong buy ratings. Seven analysts meanwhile have buy ratings, 25 have hold ratings and, four analysts […]
Federal Reserve Acknowledges Higher Inflation, But Maintains Bond Purchases, Keeps Rates Near Zero
The Federal Reserve remained committed to its current monetary policy initiatives, despite recognizing an acceleration in the country’s economic recovery, and subsequent inflation expectations. As was widely anticipated, the Fed has decided to leave the key interest rate near zero, while maintaining bond purchases to at least $120 billion per month. The central bank officials’ […]
Generac Posts US$807.43 Million In Sales For Q1 2021
Generac Holdings Inc. (NYSE: GNRC) reported today its financial results for Q1 2021, reporting US$807.43 million in revenue and US$148.99 million in net income. This quarter’s revenue is a notable 69.7% increase from last year’s US$475.92 million revenue figure while the net income more than tripled from last year’s US$44.46 million. The company’s Q1 sales […]
Labrador Gold Doubles Kingsway Drill Program To 20,000 Metres
Labrador Gold Corp. (TSXV: LAB) reported today that it is adding a second diamond drill rig at its Kingsway project, which is located within the Gander Gold district and along strike from New Found Gold’s Queensway project. The company said that the second drill rig is currently drilling the Big Vein, which is expected to […]
Ayurcann Announces Two Medical Cannabis Supply Arrangements
Ayurcann Holdings (CSE: AYUR) continues to expand its distribution network. The company this morning reported that it has entered into two separate supply agreements for its medical cannabis products. The first supply arrangement entered into is with that of Cannmart Inc, effective as of April 15, 2021. The arrangement will see the company provide branded […]
Bell Canada Reports $5.7 Billion In Revenue, $687 Million In Net Income For Q1 2021
BCE Inc. (TSX: BCE), whom is known more commonly as Bell Canada, reported today its financial results for Q1 2021, reporting $5.7 billion in revenue. This quarter’s revenue is a 1.2% increase from last year’s $5.6 billion. The reported revenue for the quarter is composed of service revenue at $4.97 billion, which declined by 1.0% […]