WELL Health Closes $12.6 Million Acquisition Of Ontario Clinic
WELL Health (TSX: WELL) has closed the acquisition of ExecHealth, the first such purchase of clinical assets within Ontario. The transaction was originally announced just one month ago, at a purchase price of $12.6 million. The transaction saw the company acquire a provider of primary care and executive health services within the Ottawa Region. The […]
Champignon Brands To Change Name To Braxia Scientific
Champignon Brands (CSE: SHRM) is evidently looking to turn a new leaf, with the company this morning announcing that it will be changing both its ticker symbol as well as its name. Going forward, the company will now be known as Braxia Scientific Corp. The new name allegedly enables the company to “emphasize our core […]
NASA Pauses SpaceX Lunar Lander Project Following Lawsuits From Bezos, Dynetics
Elon Musk’s excitement over his company, SpaceX, getting the Artemis lunar lander contract with NASA may have come a bit too soon, after the agency halted work on the project following the influence of legal challenges posed by SpaceX’s rivals Blue Origins and Dynetics. “NASA instructed SpaceX that progress on the HLS [human landing system] […]
Apple: “Records Are Made To Be Broken,” Earnings Results Smash Expectations
Apple opened 2.6% higher after its fiscal second-quarter results were released earlier in the week, with results blowing analysts’ expectations. The company announced second-quarter revenue of $89.6 billion, 54% year over year growth, and a gross margin of 42.5%. Net income came in at a second-quarter record of $23.63 billion, or a 26.4% net margin, […]
Canada’s Economic Output Expands 0.4% in February
Canada’s economy continued its strong recovery in February, expanding by 0.4% and validating forecasts that activity will soon return to pre-pandemic levels. February marked the tenth consecutive increase in Canada’s GDP, following the steep nadir observed in March and April of last year. Economists polled by Bloomberg expected a larger increase of 0.5%, but according […]
Starbucks: Analysts Raise Targets Following Q2 Results
Starbucks (NASDAQ: SBUX) opened 3% lower on the 28th before rallying on Thursday’s trading day ending the day up 2%, after its fiscal second-quarter results which generally came in line with analysts’ estimates. The company announced second-quarter revenue of $6.67 billion, along with a gross margin of 27.8%. Net income for the second quarter was […]
US Gas Stations Could Run Out of Gas This Summer
The millions of Americans that have been latched to their homes for the past year amid the Covid-19 pandemic will be eager to get out of the house, especially once inoculation rates increase and restrictions are lifted. Indeed, many people will likely go on a much-needed post-pandemic vacation, especially during the summer once children are […]
Canaccord Upgrades Valens Company Price Target Following US Entrance
The Valens Company (TSX: VLNS) was very busy over the course of the last week. On April 27th, the company announced its entry into the U.S markets with the acquisition of Green Roads for up to U$60 million based on U$40 billion in initial consideration with a potential U$20 million in earnouts. Then the next […]
Facebook Provides Insight Into Advertising Impacts of Apple’s Privacy Update
After first unveiling its controversial App Tracking Transparency feature back in June 2020, Apple is finally rolling it out its latest iOS 14.5 software update. The built-in privacy feature has dominated headlines since it was first announced, and is a big step for Apple— after all, iPhone and iPad users will now gain more transparency […]
US Cannabis: The Draw To Limited License States
If you’re an investor heavily focused on cannabis MSOs, you’ve likely noticed the industry’s recent tidal wave of M&A. Upon seeing that an MSO has made an acquisition, many focus on their updated total addressable market (TAM), projected revenues, grams per square foot, etcetera. However, take some time to digest the acquisition price and the […]