Sundial Growers Reports Q2 Net Revenues Of $9.2 Million, Net Loss
Sundial Growers (NASDAQ: SNDL) last night filed its second quarter financial results. The company managed to post net revenues of $9.2 million, missing consensus estimates. The company also posted a significant net loss as a result of asset impairments. Revenues for the quarter amounted to $12.7 million on a gross basis, which netted down to […]
Northern Vertex Reports US$16.6 Million In Revenue For Second Quarter
Northern Vertex Mining Corp. (TSXV: NEE) announced this morning its financial results for the quarter ending June 30, 2021. The report highlighted a revenue of US$16.6 million, marginally up from US$16.4 million last quarter. On the other hand, the mining firm was able to produce 7,054 gold ounces during the quarter, down from last quarter’s […]
Fintech SPAC World Quantum Growth Acquisition Prices Downsized US$200 Million IPO
Blank check company World Quantum Growth Acquisition Corp. (NYSE: WQGA.U) went public yesterday on the New York Stock Exchange. The company is seeking to raise US$200.0 million through its initial public offering. The offering consists of 20.0 million company units priced at US$10.00 per unit, a reduced figure from the company’s initial plan to raise […]
Harvest Health: Canaccord Reiterates Price Target Following Earnings
On August 10, Harvest Health and Recreation (CSE: HARV) reported its second quarter results. The company reported revenues of $102.5 million, up 15% sequentially and beating even the streets highest estimate. Gross profit came in at $52.3 million with a 51% profit margin, while adjusted EBITDA was $28 million. The company also reiterated its $400 […]
Hackers Return Nearly Half of the $600M Stolen in Record-Breaking Crypto Theft
It appears that the hackers responsible for the largest crypto heist in history may have undergone a change of heart, and are beginning to return some of the stolen funds to the Poly Network. On Tuesday, the cross-chain protocol Poly Network revealed that cybercriminals had stolen more than $600 million in ethereum, binance, and USDc […]
Cronos Group: Canaccord Lowers Price Target To $7 Following Poor Results
Last week, Cronos Group (TSX: CRON) reported its second quarter financial results. The company generated $15.62 million in net revenue, an increase of 24% quarter over quarter. Gross profit meanwhile declined more than 100% to -$15.78 million due to Cronos’ cost of sales being higher than their revenue, plus an additional almost $12 million in […]
Ethereum Mining with Green Energy – The Daily Dive
Today on the Daily Dive, we see the return of frequent guest Frank Holmes, CEO of US Global Investors, and Executive Chairman of Hive Blockchain Technologies (TSXV: HIVE). Frank joins us this afternoon to discuss the latest developments with cryptocoin Ethereum, the impact of El Salvador making bitcoin legal tender, and the potential for further […]
SilverCrest Reports Construction At Las Chispas Ahead Of Schedule In Q2 Results
SilverCrest Metals Inc. (TSX: SIL) last night announced it’s unaudited financial results for the second quarter of 2021. The company doesn’t have operations from which to derive revenues as of yet, with funding coming by way of debt and the issuance of common shares. SilverCrest centered the release around an update on its operations and […]
Lordstown Motors Projects Huge Increase In 2021 Cash Burn Following Q2 Results
On August 11, Lordstown Motors Corp. (NASDAQ: RIDE) reported results for the quarter ended June 30, 2021. Perhaps the lone positive detail in the announcement was that the company reaffirmed that “limited production” of its Endurance electric full-size pickup truck will begin in September 2021. Commercial deliveries could commence in 2Q 2022 and accelerate in the […]
US Consumer Prices Rose 5.4% in July as ‘Transitory’ Inflation Pressures Continue
Prices for goods and services advanced further in July, as pent-up demand continues to unravel. According to the latest data published by the Bureau of Labour Statistics, consumer prices rose a moderate 0.5% since June, and were 5.4% higher compared to July 2020. Core CPI, which excludes volatility associated with food and energy prices, increased […]