Verano Holdings Reports Revenues Of $120.9 Million, Net Income Of $68.8 Million
Verano Holdings (CSE: VRNO) reported first quarter financial results this morning, reporting revenues of $143.0 million on a pro-forma basis. The company however officially filed revenues of $120.9 million, along with a net income of $68.8 million after taxes. Notably, the company presented all results within its related news release on a pro-forma basis, meaning […]
Northern Vertex Intersects 9.15 Metres Of 4.90 G/T Gold, 57.18 G/T Silver At Moss Mine
Northern Vertex Mining (TSXV: NEE) this morning released results from its infill and expansion drill program being undertaken at its Moss Mine in Arizona. Highlight results from the program include 9.15 metres of 4.90 g/t gold and 57.18 silver within the Moss vein. Results presented by the company this morning come from both the the […]
Canada Nickel Announces Preliminary Discovery At MacDiarmid
Canada Nickel Company (TSXV: CNC) this morning announced preliminary drill results from its drill program at its MacDiarmid Nickel Property in Ontario. Initial results have indicated that the company has intersected significant intersections of mineralized dunite, similar to the firms Crawford property. The MacDiarmid property is located 23 kilometres southwest of the firms flagship Crawford […]
Carbon Streaming Corp Invests $6.0 Million Into First Blue Carbon Project
Carbon Streaming Corp (OTC: MXVDF) yesterday afternoon announced its first carbon credit streaming investment into a blue carbon project. The company has elected to invest into the proposed MarVivo Blue Carbon Conservation Project, located in Baja California Sur, Mexico. The proposed project is focused on the conservation of the mangrove forests and marine habitat in […]
Elon Musk Sends Bitcoin Spiraling With Just One Tweet… Again
It appears that Elon Musk has sent bitcoin into freefall on Sunday, after he gave rise to speculation via a twitter exchange that Tesla may potentially sell (or has already sold) its cryptocurrency holdings. “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings,” said one […]
Bitcoin Mining Less Energy-Intensive Than Banking System and Gold Industry
The explosion in cryptocurrency mining over the past year has prompted an onslaught of environmental concerns, due to the industry’s heavy energy usage and carbon footprint. However, according to new research, the traditional banking system as well as the gold industry may actaully be responsible for significantly more energy consumption. According to research by cryptocurrency […]
Canada’s Housing Market Slumps From Record-High In April
Canada’s housing market receded from its record-high in April, as a resurgence in Covid-19 restrictions put a damper on the the country’s surging housing market. According to the latest data published by the Canadian Real Estate Association (CREA), home sales across the country dropped 12.5% between March and April, while the new listings declined 5.4%. […]
Activision: “A More Obvious Choice To Develop A Viable NFT Strategy”
Activision Blizzard (NASDAQ: ATVI) is has seen a solid climb off the monthly lows after reporting better than expected first-quarter financials. The company reported revenues of $2.275 billion, a 27.2% growth year over year, with gross margins coming in at 74.6%. Net margin for the first quarter came in at 27.2% while earnings per share […]
Cannabis: Diligencing US Based Operators – The Daily Dive feat Michael Miller
Starting off the week on the Daily Dive, is that of Michael Miller, an independent financial consultant and a frequent contributor to The Deep Dive. Michael joins us this afternoon to discuss the topic of US based cannabis operators. Within, Michael outlines some tips and tricks when it comes to the process of performing due […]
Mogo To Acquire Fortification Capital, Plans To Offer Commission-Free Stock Trading Platform
Mogo Inc. (TSX: MOGO) announced today that it has entered into a binding letter of intent to acquire 100% of Canadian registered investment dealer Fortification Capital Inc. The acquisition is expected to bring “order execution only” registration capabilities to Mogo’s platform, a necessary requirement to offer stock trading to its members. Mogo’s purchase is to […]