Sundial Reveals 10.1% Stake In The Valens Company
In an unexpected announcement this morning, it appears that Sundial Growers (NASDAQ: SNDL) is eyeing the extraction space. The company this morning announced that it has obtained over a 10% stake in The Valens Company (TSX: VLNS). The announcement this morning was part of a mandatory early warning report, required when a position of 10.0% […]
Warren Buffet Warns of ‘Very Substantial Inflation’ Amid Rapid Recovery From Pandemic
Warren Buffet, the world’s richest investor, warns of imminent inflation hitting the US economy, amid a stronger-than-expected recovery from the Covid-19 pandemic. Speaking at an annual shareholder meeting on Saturday, Buffet said his Berkshire Hathaway portfolio, which has a stake in a variety of companies including Dairy Queen, Duracell, and Apple, is “seeing very substantial […]
Ether Market Cap Larger Than Nestle as Crypto Soars Past $3,000
The second-largest cryptocurrency, Ether, soared to a new record on Monday, further eroding at Bitcoin’s domination in the cryptocurrency market. Bitcoin’s rival, Ether, was trading above $3,100 on Monday, marking an 11% intraday increase, and a growth of more than 30% in the past week. Over the past twelve months, the cryptocurrency has quadrupled in […]
Amazon: Online Shopping Boom is Here to Stay
Amazon is expected to continue reaping benefits from the online shopping boom even beyond the pandemic, as its sales and profits soared in the first quarter of the year. Amazon was the last among the tech giants of Wall Street to publish its first quarter earnings, which showed the company’s performance since the beginning of […]
Ford, BMW Invest $130 Million in Battery Start-Up Solid Power
Ford has revealed plans to further boost its EV ambitions, by increasing its investment in EV battery start-up Solid Power. On Monday, Ford, which previously invested in Solid Power in 2019, announced it led a $130 million Series B investment round in the battery start-up, alongside BMW and venture capital business Volta Energy. According to […]
Lyn Alden: The Downside Of The US Petrodollar System – The Daily Dive
Starting off the Daily Dive this week is a special episode, wherein we see SmallCapSteve sit down with Lyn Alden, of Lyn Alden Investment Strategy. Within, Steve and Lyn have a conversation surrounding the current macroeconomic environment, monetary policy and the current problems associated with the petrodollar, including the dual deficit. Lyn Alden Investment Strategy […]
Tinley’s Announces Co-Pack Deal With Pabst For Infused Not Your Father’s Root Beer
The Tinley Beverage Co (CSE: TNY) this morning had a major announcement in that it has partnered with Pabst Labs, for whom it will now manufacture a version of the “Not Your Father’s Root Beer” in a non-alcoholic, cannabis-infused format. Pabst Labs most notably is part of the “Blue Ribbon Family,” from which cannabis-infused variants […]
Else Nutrition: Canaccord Drops Price Target To $5.75
On Friday, Else Nutrition (CSE: BABY) reported their fourth quarter and year end financials. The companies news release is very sparse with financial information, but the financials show that the fourth-quarter revenue was $600k, a ~58% increase quarter over quarter while the company lost $14 million during the quarter, bringing its yearly losses to $24.35 […]
Twitter: Analysts Downgrade Following Management Guidance
Twitter Inc (NYSE: TWTR) opened up down 13%, hitting a 3 month low after its first-quarter results indicated that user growth fell below analyst expectations, while barely beating analysts estimates. The company announced first-quarter revenue of $1.036 billion and a gross margin of 63.2%. Net income came in at $68 million, or a 6.6% net […]
Bombardier Expects $1.3 Billion In Revenue For Q1 2021
Bombardier (TSX: BBD.B) shared today its preliminary financial results for Q1 2021. The company expects to earn $1.3 billion in business jet revenues, an 18% increase from Q1 2020. The company also expects total business aircraft deliveries for the quarter to be 26 units and remains on track to deliver an expected 110-120 business aircrafts […]