Sundial Growers Closes Inner Spirit Acquisition Deal
Sundial Growers Inc. (Nasdaq: SNDL) completes the previously announced acquisition of all issued and outstanding common shares of Inner Spirit Holdings Ltd. (CSE: ISH). Under the terms of the acquisition, Inner Spirit shareholders will get $0.30 in cash and 0.0835 Sundial Grower common share for each share held. The company previously estimated the acquisition’s tag […]
Consumer Reports Berates Tesla’s Full Self-Driving Software Testing on Public Roads
It appears that the barrage of problems facing Tesla are never-ending. Despite the EV maker’s robust confidence in everything autonomous, researchers and safety experts at Consumer Reports are not echoing the same sentiment. The consumer advocate raised a series of scathing concerns regarding Tesla’s “Full Self-Driving” software, citing alarming reports from drivers about the EV […]
Air Canada: BMO Raises Price Target $34 Off Restrictions Easing
Yesterday, BMO Capital Markets raised their 12-month price target on Air Canada (TSX: AC) to C$34 from C$33 and reiterated their outperform rating on the stock off the back of further easing of travel restrictions worldwide. Air Canada currently has 17 analysts covering the stock with an average 12-month price target of C$28.63, or a […]
Cannabis SPAC Clover Leaf Capital Prices US$125 Million IPO
Special purpose acquisition company Clover Leaf Capital Corp. started trading its securities on the Nasdaq Capital Market today. The firm priced its initial public offering today, aiming to raise total proceeds of US$125.0 million. The offering will entail selling 12.5 million units priced at US$10.00 per unit. Each unit is composed of one Class A […]
Canadian Home Prices Jump 16% in June, Sharpest Annual Gain on Record
According to the Teranet National Bank composite price index, home prices across Canada posted the 20th consecutive increase, rising by 2.7% from the prior month, as all of the 11 constituent markets reported gains. This marked the second-biggest monthly jump on records dating back to 1999, only lagging slightly behind the 2.8% increase reported in […]
Analysts Anticipate United Airlines Q2 Revenues Of $5.4 Billion
United Airlines (NASDAQ: UAL) will be reporting their second quarter financial results on July 20th after markets close. Analysts have a consensus $61.42 12-month price target on the company, via a total of 22 analysts, with 2 analysts having strong buy ratings. Seven analysts meanwhile have buy ratings, ten have hold ratings, three analysts have […]
Netflix: Second Quarter Earnings Estimates
Netflix (NASDAQ: NFLX) will be reporting their second quarter financial results on July 20th after markets close. Analysts have a consensus $615.06 12-month price target on the company, via a total of 46 analysts, with 14 analysts having strong buy ratings. 22 analysts meanwhile have buy ratings, six have hold ratings, three analysts have sell […]
Chipotle: Second Quarter Earnings Expected To Top $316 Million
Chipotle Meixcan Grill (NASDAQ: CMG) will be reporting their second quarter financial results on July 20th after markets close. Analysts have a consensus $1,724.92 12-month price target on the company, via a total of 32 analysts, with 11 analysts having strong buy ratings. 10 analysts meanwhile have buy ratings and 11 have hold ratings. The […]
Bitcoin Slides to Below $30K Amid Broader Market Sell-off, China Crypto Crackdown
Almost $100 billion has been wiped out from the cryptocurrency market, as bitcoin plummeted to below $30,000 for the first time in four weeks amid a broader slump in global financial markets. On Tuesday, the world’s largest cryptocurrency lost more than 6%, falling to around $29,700 at the time of writing, while other digital token […]
US Housing Starts Jump to 3-Month High, Building Permits Plummet
Housing starts across the US exceeded expectations in June, suggesting that construction in the residential sector may be unfazed by ongoing supply chain bottlenecks and shortages of skilled labour. According to latest data published by the US Census Bureau, housing starts jumped 6.3% in June to an annualized rate of 1.64 million, marking the highest […]