Canopy Growth: Canaccord Lowers Price Target After “Uninspiring Quarter”
Last week, Canopy Growth Corp (TSX: WEED) (NASDAQ: CGC) reported their first fiscal quarter of 2022, the company reported net revenues of $136.2 million, an 8.2% sequential decrease. While gross profit grew almost 300% to $27.2 million, the company remains structurally unprofitable with selling, general, and admin expenses totaling $112.57 million for the quarter. The […]
Green Thumb Exceeds Analysts Estimates With US$221.9 Million In Revenue For Q2 2021
Green Thumb Industries Inc. (CSE: GTII) on Wednesday reported its Q2 2021 financial results, which saw the company post US$221.9 million in revenue, exceeding consensus estimates from analysts. The topline figure is also an increase from Q1 2021’s revenue of US$194.4 million and Q2 2020’s revenue of US$119.6 million. The cannabis firm relayed that the […]
White House Wants OPEC to Boost Oil Production in Effort to Contain Fuel Prices
The White House has asked the Organization of the Petroleum Exporting Countries (OPEC) to boost crude oil output, in an effort to contain rising fuel prices and reduce shortages. According to CNBC, which cited a report from US National Security Advisor Jake Sullivan, the US government has called on OPEC+ to raise crude oil output […]
Xebec Adsorption Hits $32.7 Million In Revenue, $7.5 Million Net Loss In Q2 2021
Xebec Adsorption Inc. (TSX: XBC) announced today its financial results for Q2 2021, which recorded $32.7 million in revenue. This is an increase from Q1 2021’s $20.6 million and Q2 2020’s $19.6 million. The clean energy firm relayed that the increase is mainly due to the result of acquisitions made in 2020 and 2021, including […]
Grande Portage Commences Drilling With Second Rig At Herbert Gold Project
Grande Portage Resources (TSXV: GPG) this morning has seen its second drill rig arrive at its flagship Herbert Gold project in southeastern Alaska. The arrival of a second rig relates to the firms prior announcement of stepping up drilling operations. The second rig has been added to the program as part of the firms currently […]
Charlotte’s Web Ends Q2 2021 With US$24.2 Million In Revenue, US$5.4 Million Net Loss
Charlotte’s Web Holdings (TSX: CWEB) shared this morning its financial results for Q2 2021, highlighting revenue of US$24.2 million. This is an increase from Q1 2021’s revenue of US$23.4 million and Q2 2020’s revenue of US$21.7 million. Breaking down the topline revenue figure, the company’s direct-to-consumer e-commerce contributed US$15.7 million while business-to-business generated US$8.5 million […]
Interra Copper Sees Jason Nickel Selected To Helm Company
Interra Copper (CSE: IMCX) this morning announced the appointment of a new Chief Executive Officer this morning. The company is to now be helmed by Jason Nickel, an experienced operator within the mining sector. With the appointment of a permanent CEO, interim President & CEO Dave McMillan will be taking a slight step back from […]
WELL Health Records $61.8 Million In Revenue, $14.1 Million Net Loss In Q2 2021
WELL Health Technologies Corp. (TSX: WELL) reported today its financial performance for the quarter ending June 30, 2021. The results highlighted a quarterly revenue of $61.8 million, up from Q1 2021’s revenue of $25.6 million and Q2 2020’s revenue of $10.6 million. The company attributes the increase in revenue to the acquisition of CRH Medical […]
InsuraGuest Completes Integration With TravelNet Solutions
InsuraGuest Technologies (TSXV: ISGI) this morning announced that it has integrated its insurtech platform with another property management system. The integration is expected to open the company up to further potential clients within the vacation rental niche. The integration is with that of TRACK PMS, a division of TravelNet Solutions. The integration has reportedly been […]
Harvest Health Shareholders Approve Transaction With Trulieve Cannabis
It appears that Harvest health (CSE: HARV) and Trulieve Cannabis (CSE: TRUL) are set to become one. Last night, Harvest Health reported that its shareholders have approved a special resolution related to the proposed transaction. The approval grants the two firms with the ability to proceed with the previously announced merger transaction. The meeting saw […]