Global Car Market Contracts As Auto Sales Slump Amid Chip Shortage, Covid Delta Variant
The global vehicle market suffered a decline in July, as the ongoing semiconductor shortage and worsening delta variant weighed down on sales growth. According to a report published by automotive industry forecasting firm LMC Automotive, there were approximately 6,463 million light vehicles sold globally last month, marking a 6.3% decline from the 6,899 units sold […]
PLBY Group Sees Consensus Target Fall Following Q2 Results
On August 10, PLBY Group (NASDAQ: PLBY) reported its second quarter financial results. The company reported net revenues of $49.85 million, up 44% year over year, while the company’s direct-to-consumer segment grew 88% year over year, accounting for $28 million in revenue. The company reported a net loss of $8.91 million or an earnings per […]
Inflation Picks up 3.7% in July, Creating Dilemma for Liberal Party
Price pressures across Canada accelerated by the most in nearly a decade, threatening to create an inconvenience for the Liberal party in the upcoming federal election. According to Statistics Canada, inflation rose another 0.6% in June, and is up 3.7% from year-ago levels, marking the highest reading since 2011. Core inflation, which excludes energy prices, […]
TerrAscend Hits US$58.7 Million In Revenue, US$23.1 Million Net Loss In Q2 2021
TerrAscend Corp. (CSE: TER) reported today its Q2 2021 financial results, which saw the company post US$58.7 million in revenue. The topline figure is also an increase from Q1 2021’s revenue of US$53.4 million and Q2 2020’s revenue of US$34.2 million. The cannabis firm relayed that the revenue growth is mainly driven by acquisitions, cultivation […]
Peter Berezin: The Fraud Side Of Bitcoin – The Daily Dive
On today’s episode, The Daily Dive welcomes BCA Research’s Chief Global Strategist Peter Berezin as he shares insights from the firm’s reportage. He discusses the outlook of meme stocks, bond yields going down, and why he thinks bitcoin is a fraud. Since 1949, BCA Research’s mission has been to shape the level of conviction with […]
Tinley Beverage Enters White Label Agreement With Bevcanna For Canadian Market
It looks like Tinley Beverage Co (CSE: TNY) might finally see its products hit Canadian shelves. The firm this morning announced that it has signed with BevCanna Enterprises (CSE: BEV) for the white label production of its Tinley’s Tonics cannabis beverages. Under the arrangement, the company will see its Tinley’s Tonics products sold under the […]
Tilray: Analysts Leave Targets Unchanged After MedMen Investment
On August 17, Tilray (NASDAQ: TLRY) made the announcement that they formed a new limited partnership with other strategic investors, which then acquired U$165.8 million in MedMen Enterprises (CSE: MMEN) convertible debt and accompanying warrants from Gotham Green Partners. Tilray is expected to issue 9 million shares, as long as they receive stockholder approval to […]
Coinbase: A Deeper Dive into 2Q Earnings Results Raises Questions
On August 10, Coinbase Global, Inc. (NASDAQ: COIN), which operates the world’s largest cryptocurrency trading platform, reported solid 2Q 2021 results. On a fully diluted basis, Coinbase EPS in the quarter was US$6.42 per share. Adjusted EBITDA in 2Q 2021 totaled US$1.15 billion. Clearly, the company has established an extraordinary business, but investors should be aware of […]
Great Bear Sees Work Suspension Due To Forest Fire Lifted, Starts Phase 2 Drilling At Dixie Project
Great Bear Resources (TSXV: GBR) this morning announced that it will be resuming its $45 million 2021 exploration program at its flagship Dixie Project in the Red Lake district of Ontario. This follows after work was suspended by provincial authorities in the area last month due to a forest fire situation in Northwestern Ontario. The Ontario […]
Cresco Labs: Canaccord Lowers Target On Adjusted EBITDA Miss
On August 13, Cresco Labs (CSE: CL) announced its second quarter financials. The company had record revenues, coming in at $210 million, up 17.7% sequentially and 122.8% year over year. Gross profit came in at $107 million, or 51% gross margin, up 22.2% sequentially and 233.3% year over year. Adjusted EBITDA came in at $45.5 […]