WeedMD Reports $29.4 Million In Revenue; $89.6 Million Net Loss For FY2020
WeedMD Inc. (TSXV: WMD) released today its financial results for the fiscal year ending December 31, 2020, posting $29.4 million in revenue. This is an increase from the fiscal year 2019’s revenue of $20.8 million. The company, however, incurred a $51.4 million cost of goods sold for the fiscal year, which resulted in $22.0 million […]
PopReach Reports $4.1 Million In Q1 Revenue, Net Income Of $2.2 Million
PopReach Corporation (TSXV: POPR), today announced the company’s financial results for the first quarter of 2021. They reported flat revenues of $4.1 million, compared to $4.1 million in the fourth quarter of 2020, and $4.7 million in the first quarter of 2020. Net income of $2.2 million was reported for the period. The company reported […]
Sol Cuisine Posts Q2 Revenues Of $5.6 Million, Net Loss
Sol Cuisine Ltd. (TSXV: VEG) today released the financial results for its second quarter of 2021 The company posted revenues of $5.6 million for the three months ended March 31, 2021. Sol meanwhile recorded a net loss of $2.0 million for the 3 months period. The company reflected gross sales of $6.1 million in the […]
QC Copper Intersects 138.0 Metres Of 0.48% Copper Equivalent
QC Copper and Gold Inc. (TSXV: QCCU) has released the company’s assay results from its recently completed drill program on its Opemiska Copper-Gold project within the Chibougamau-Chapais mining district. The results from the Saddle Zone, with drilling having been located between the Opemiska’s Springer and Perry Mines. QC has stated that this newly discovered mineralization […]
Tinley Expands California Distribution, Sees Strong Demand For Co-Packing
The Tinley Beverage Company (CSE: TNY) this morning released a corporate update. Chief among the updates is a further expansion of the distribution of its products, along with additional co-packing arrangements being signed. In terms of retail distribution, the company has now seen its products gain retail shelf space in Harborside (CSE: HBOR) dispensaries across […]
Datametrex Posts Q1 Revenue Of $19.0 Million, Net Income Of $9.6 Million
Datametrex AI (TSXV: DM) this morning reported its first quarter 2021 financial results, a quite frankly blew away expectations. The company reported record revenue of $19.0 million, a 2,253% increase year over year, along with net income of $9.6 million for the three month period. Record revenues for the company were largely comprised of COVID-19 […]
48North Posts $5.2 Million In Gross Revenue, Loss Of $13.4 Million
48North Cannabis (TSXV: NRTH) this morning reported its third quarter 2021 financial results for the period ended March 31, 2021. The company reported gross revenues of $5.2 million for the period, along with a net loss of $13.4 million. Revenues were down on a quarter over quarter 31.7% on a gross revenue basis, with the […]
US Regulators Looking To Take A More Active Role With Cryptocurrencies Market
Financial authorities within the United States are preparing to take a heavier initiative in regulating the $1.5 trillion dollar cryptocurrency market. On Sunday, the Financial Times shared an interview with the US Treasury’s recently appointed Acting Comptroller of the Currency, Michael Hsu, who told FT the US government is looking into regulating cryptocurrencies due to […]
Lucid Motors: Action in the U.S. Senate Could Have Positive Implications
On May 26, Lucid Motors revealed the technology options available in its premium Lucid Air electric vehicle (EV), as well as the 34-inch, 5K-resolution curved instrument display. Amazon’s Alexa, Apple’s CarPlay, the Android’s Auto, and the Dolby Atmos systems, among others, can be integrated with the Lucid Air. In just over a month, Lucid Motors is […]
SEC Charges Five Individuals for Illegally Promoting BitConnect Ponzi Scheme
The US Securities and Exchange Commission has charged five people associated with BitConnect for illegally selling unregistered digital assets, which ended up raising more than $2 billion from individual investors. According to Reuters, the SEC has alleged BitConnect, a high-yield investment program Ponzi scheme, which was connected to an open-source cryptocurrency that could be traded […]