Roots Posts Sales Of $37.3 Million For Q1 2021, Net Loss
Roots Corp. (TSX: ROOT), today reported the company’s financial results for the first quarter of 2021. Total sales for the three month period amounted to $37.3 million, a notable 24.7% improvement year over year. The company meanwhile reported a net loss of $4.9 million for the quarter. The improvement in sales was said largely to […]
NG Energy Expects Gas Production To Commence In Q3 2021
NG Energy International (TSXV: GASX) this morning released a corporate update on its Colombian operations. Within, the company provided the latest status of its Sinu-9 property, the Istanbul-1 re-entry, and the development of its gas treatment and transport technology facility. At Sinu-9, the company has indicated that it is currently in the process of seeking […]
Tinley Beverage Conducts $2.4 Million Financing To Support Co-Packing Operations
The Tinley Beverage Co (CSE: TNY) this morning announced the closing of a non-brokered private placement which saw the company raise gross proceeds of $2.4 million. The financing is expected to enable the company to advance its co-packing and branded product growth. Under the terms of the financing, the company raised gross proceeds of $2.4 […]
Spearmint Resources Releases Maiden Resource Estimate At Clayton Valley Lithium Project
Spearmint Resources (CSE: SPMT) this morning released its maiden resource estimate for its flagship Clayton Valley Lithium Clay Project which it wholly owns. The project itself is situated west of Tonopah, where it consists of 26 unpatented claims covering 360 hectares. The maiden resource estimate on the property has indicated that the project contains an […]
Hut 8 Mining Announces $100 Million Bought Deal
Hut 8 Mining (TSX: HUT) this morning announced that it is looking to raise significant funds. The company has entered into a bought deal arrangement with that of Canaccord Genuity to raise gross proceeds of $100.0 million. Under the terms of the financing, Hut 8 will see the sale of 20 million units of the […]
Tesla Booted from Sustainability ETF Over Environmental, Labour Failures
It appears that the headaches for Tesla continue to pile up: a major Australian fund manager, BetaShares, has officially eliminated the EV maker from its exchange-traded fund, citing environmental and labour concerns. Despite being Wall Street’s and Silicon Valley’s sweetheart, Tesla has failed to appease a major fund manager in Australia. According to Business Insider, […]
It’s Just Transitory: Core CPI Surges by Sharpest Rate Since 1992
On this episode of “Its Just Transitory!” Well here it is, folks! The jaw-clenching figure we have all been waiting for soared past expectations again, adding more fuel to the heated transitory-or-not debate. Thursday morning’s CPI print surged by more than expected once again, further adding to the consecutive monthly build-up of inflation concerns that […]
Dollarama: BMO Expects Boost In Second Half Of 2021 Due To Reopenings
Dollarama Inc (TSX: DOL) reported its first-quarter financials on June 9th. Dollarama reported revenues of $954 million with a gross profit of $403 million, or 42.3%. The companies earnings per share came in at $0.37, with a net income of $114 million and ~12% net margin. The stock dropped roughly 4% in early morning trading […]
Lordstown Motors Forced To Add “Going Concern” Language To SEC Filings
On June 8, Lordstown Motors Corp. (NASDAQ: RIDE) filed its delayed 10-Q for the quarter ended March 31, 2021, as well as an amended 10-K for the full year 2020. The company provided two key disclosures in the documents, both of which are major red flags for the company. First, its auditors required the dreaded […]
Imperial Helium: Exploring For Helium Where Its Already Been Found – The Daily Dive
Joining us today on the Daily Dive is that of David Johnson, CEO of Imperial Helium (TSXV: IHC). David joins us this afternoon to give a high level overview of Imperial, while also discussing the helium market as a whole. Within, we examine the history of helium and its pricing, demand levers, and the difficulties […]