Paypal: Consensus Price Target Jumps To $314 Following Q1 Results
Paypal Holdings (NASDAQ: PYPL) ended last week down almost 5% following the release of its financial results on Wednesday wherein its first quarter results came in above analysts’ expectations. The company announced its first revenue of $6.03 billion, and a gross margin of 49.2%. Net Income for the quarter was $1.09 billion, or an 18.2% […]
Ginkgo Bioworks To Go Public Via SPAC Route With Soaring Eagle Acquisition Corp
It appears that Cronos Group (TSX: CRON) (NASDAQ: CRON) might be losing its star player. Ginkgo Bioworks this morning announced that it will be going public via the SPAC route with that of Soaring Eagle Acquisition Corp (NASDAQ: SRNG). The arrangement entered into by Ginkgo’s values the company at a $15 billion pre-money valuation, with […]
Acreage Holdings Records US$38.4 Million In Revenue, US$8.6 Million Net Loss For Q1 2021
Acreage Holdings, Inc. (CSE: ACRG.A.U) last night released its Q1 2021 financial results, which saw the company post US$38.4 million in revenue. This is an increase from Q1 2020’s revenue of US$24.2 million. The revenue for this quarter consists of US$25.8 million from retail revenue, US$10.0 million from wholesale revenue, and US$2.5 million from other […]
Charlotte’s Web Posts US$23.4 Million In Revenue, US$13.9 Million Net Loss For Q1 2021
Charlotte’s Web Holdings, Inc. (TSX: CWEB) released its Q1 2021 financial results this morning, which saw the company post US$23.4 million in revenue. This is a decline from Q4 2020’s revenue of US$26.9 million, but an increase from Q1 2020’s revenue of US$21.5 million. The revenue for this quarter consists of US$16.1 million from direct-to-consumer […]
Hexo Corp To Conduct ATM Financing To The Tune Of C$150.0 Million
Hexo Corp (TSX: HEXO) (NYSE: HEXO) this morning announced that it will be conducting an at the market financing, also known as an ATM financing, of up to $150.0 million. The financing is to be facilitated by BMO Capital Markets and Alliance Global Partners on the NYSE, and by BMO Nesbitt Burns on the TSX. […]
Max Resource Expands Size Of Conejo Copper Zone
Max Resource Corp (TSXV: MXR) this morning released further assay results from the Conejo copper-silver zone at its flagship Cesar property in northern Colombia. The latest results are said to improve the area of the zone by 500%. Assay results released this morning have expanded the zone to an area covering 3.2 kilometres by 1.6 […]
Superior Gold Produces 17,603 Gold Ounces, Records US$31.2 Million In Revenue For Q1 2021
Superior Gold Inc. (TSXV: SGI) announced today its financial results for Q1 2021, highlighting gold production of 17,603 ounces from its 100%-owned Plutonic Gold operations. This is an 11% increase from Q4 2020, which saw a gold production of 15,838 ounces. Looking at its financials, the company generated revenue of US$31.2 million this quarter while […]
Aleafia Health Revenues Crater 53.5% To $7.1 Million
It’s the tale of the Canadian public cannabis operator. Aleafia Health (TSX: AH) this morning reported its first quarter financial results, and quite frankly, they aren’t pretty. The company saw revenues decline 53.5% on a quarter over quarter basis, with revenues falling to $7.1 million for the first quarter of 2021. The company saw revenues […]
Verano Holdings Secures US$100 Million In Additional Funding
Verano Holdings (CSE: VRNO) issued a brief press release this morning, indicating the company has entered into an amended and restated credit agreement for its previously outstanding US$30 million loan. The amendment has seen the facility increase to US$130 million. Under the amended arrangement, Verano will gain access to an additional $100 million in non-dilutive […]
GoldSpot Discoveries To Conduct $10.0 Million Bought Deal Financing
GoldSpot Discoveries Corp. (TSXV: SPOT) announced this morning that it has entered into an agreement with Canaccord Genuity Corp to conduct a bought deal financing. The financing will see Goldspot conduct a financing for aggregate gross proceeds of $10 million. Under the terms of the financing, GoldSpot will be selling 12.5 million common shares at […]