WeedMD: Canaccord Reiterates Price Target After Earnings
WeedMD (TSXV: WMD) reported their first-quarter financials of 2021 on June 29th. The company reported revenues of $10.3 million, an 85% quarter-over-quarter increase. The company reported adjusted EBITDA of ($432) thousand, primarily due to having better bottom-line losses. WeedMD currently only has two analysts who cover the company, with a weighted 12-month price target of […]
Volkswagen to Cease Selling Gasoline and Diesel-Powered Cars in Europe by 2035
In an effort to align with Europe’s tightening carbon emission regulations, German automaker Volkswagen has announced it will no longer sell vehicles with combustion engines come 2035. The era of gasoline and diesel-powered engines is coming to a close— and soon. Volkswagen’s head of sales, Klaus Zellmer, has revealed to German newspaper Muenchner Merkur that […]
Exploits Discovery Sees Eric Sprott Increase Ownership To 31.3% On Partially Diluted Basis
Exploits Discovery (CSE: NFLD) continues to see major shareholders take large stakes in the company. It was announced last night that Eric Sprott has significantly increased his ownership in the Newfoundland-focused junior explorer. Sprott, through his holding company 2176423 Ontario, has increased ownership in Exploits by approximately 5.0% on a partially diluted basis. He has […]
Canada’s Economy Contracted 0.3% in April Amid Surge of Covid-19 Cases
Canada’s economy contracted by less than expected in April, despite a sudden surge of Covid-19 cases during the spring season. Real GDP declined 0.3% in April, following 11 straight months of gains. Although economists polled by Bloomberg forecast a contraction of 0.8%, Canada’s economic activity is still 1% below pre-pandemic levels of February 2020. According […]