Greenlane Holdings Reveals Flat Preliminary Q2 Results, Suspends Pro-Forma Outlook
Greenlane Holdings (NASDAQ: GNLN) this morning announced the date for the filing of its second quarter financial results. Concurrent will the announcement, the firm also released preliminary data on the quarters results. Greenlane has revealed that on a preliminary basis, the company has seen net sale of $34.5 million for the second quarter. The results […]
TPCO Holdings Sees Management, Board Enter Lockup Agreement
TPCO Holdings (NEO: GRAM.u), whom is more commonly known as The Parent Company, this morning indicated that it is looking to bolster shareholder confidence. The company has seen roughly 36% of the outstanding shares of the issuer enter into voluntary lock-up arrangements. The lock-up arrangements essentially stipulate that the participants will not sell their shares […]
SSR Mining To Sell Royalty Portfolio TO EMX Royalty For US$100 Million
SSR Mining (TSX: SSRM) this morning announced that it will be selling off non-core assets of the firm. The assets to be sold consist of the firms royalty portfolio, with the transaction seeing the company take a large stake in EMX Royalty Corp (TSXV: EMX) as a result. Under the terms of the arrangement, SSR […]
BMO, Canaccord Raise Alphabet Price Targets Following Blowout Quarter
Earlier this week, Alphabet (NASDAQ: GOOGL) reported their second-quarter earnings, smashing analyst expectations. The company reported top-line revenue of $61.88 billion, higher than the $56.16 consensus estimate and even beating out the street high estimate. The company grew its revenues 61.6% year over year, while gross profits came in 80.6% higher year over year at […]
Canadian Inflation Picks Up 3.1% In June
Consumer prices across Canada decelerated slightly in June, but price pressures still remained elevated at the hottest levels in almost a decade. According to Statistics Canada, which recently updated basket weights to better reflect pandemic-related consumption preferences, the consumer price index rose 0.3% in June, down from a 0.5% increase in the month prior. Compared […]
Is There A Silver Supply Shortage? – The Daily Dive
Today on the Daily Dive, our host Cassandra Leah sits down with David Morgan, a precious metals analyst and the publisher behind The Morgan Report. David sits down with us this afternoon to discuss the recent awareness raised on silver relative to gold and bitcoin, and the possibility of a global silver shortage. Also discussed […]
Federal Reserve Holds Interest Rates Near Zero, Bond Purchases at $120B… Again
Alas, another FOMC meeting has come and gone, and interest rates are still at near-zero, and monthly bond purchases are still sky-high at $120 billion… yet again. But according to Fed Chair Jerome Powell, there is no need to worry, because the economy continues to “strengthen,” but still faces “substantial further progress” on inflation and […]
Agnico Eagle Posts US$966.3 Million In Revenue For Q2 2021
Agnico Eagle Mines Limited (TSX: AEM) released today its second quarter 2021 financial results, which saw the company post US$966.3 million in revenue. This is an increase from Q2 2020’s revenue of US$557.2 million. The company produced 526,006 gold ounces for the quarter with all-in sustaining costs of US$1,037 per ounce, up from 331,064 ounces […]
Amazon: Analysts Expect $115.1 Billion In Q2 Revenue
Amazon.com Inc (NASDAQ: AMZN) will be reporting its second quarter financial results today after markets close. Analysts have a consensus $4,264.77 12-month price target on the company, via a total of 53 analysts, with 19 analysts having strong buy ratings. 33 analysts meanwhile have buy ratings and a single analyst has a hold rating. The […]
Robinhood Creating New Feature to Allow Users to Invest ‘Spare Change’
With Robinhood’s IPO slated for today, the retail trading app has once again decided to disrupt traditional financial market practices: this time, by allowing its users to purchase a significant portion of the shares being offered in its IPO. And, to spice things up even more, the discount brokerage is also in the midst of […]