Cematrix Reports Declining Q2 Revenues, Net Loss
Cematrix Corp (TSXV: CVX) appears to have had a rough quarter. The company last night reported its second quarter financial results, reporting a decline in revenues on both a quarter over quarter and year over year basis, while also indicating widening losses. Revenues for the second quarter amounted to $4.0 million, compared to $4.5 million […]
Trulieve Posts Q1 Revenues Of $215.1 Million, Net Income
Trulieve Cannabis (CSE: TRUL) this morning reported its second quarter financial results, healthily beating analyst consensus estimates. The company reported quarterly revenues of $215.1 million, while generating net income of $40.9 million. Revenues for the quarter were up from $193.8 million, an 11% improvement on a quarter over quarter basis. Gross profit meanwhile came in […]
EV Van Maker Workhorse Group Reports Accelerating Cash Burn Rate In 2Q 2021
On August 9, Workhorse Group Inc. (NASDAQ: WKHS), an Ohio-based company which produces drone-integrated electric vehicles (EVs) for the last-mile delivery sector, reported its fourth consecutive quarter of sequentially increasing operating losses and its fifth successive quarter of larger operating cash flow shortfalls. Furthermore, Workhorse’s revenues in the last four quarters were US$1.2 million, US$0.5 million, […]
Cresco Labs: Analyst Expectations For Q2 2021
Cresco Labs (CSE: CL) announced that they will be reporting their second quarter financials before the market opens on August 13. Analysts have a consensus C$23.31 12-month price target on the company, via a total of 17 analysts, with 5 analysts having a strong buy rating, 11 analysts have a buy rating and a single […]
Tesla’s Local China Sales Plummet in July
Tesla’s (NASDAQ: TSLA) relationship with the Chinese government does not appear to be getting any more rosy following a duration of negative publicity and numerous vehicle recalls, because in July, its domestic sales of China-made cars plummeted by nearly 70%. According to Bloomberg, which obtained data from the China Passenger Car Association (CPCA), Tesla sold […]
DeFi Platform Poly Network Hacked, More Than $600 Million in Cryptocurrencies Stolen
Hackers attacked DeFi platform Poly Network on Tuesday, stealing more than $600 million in various cryptocurrency tokens. On Tuesday, Poly Network, a DeFi protocol created by the founder of Chinese blockchain Neo, saw at least $611 million in assets stolen, including $273 million worth of Ethereum tokens, $253 million in binance tokens, and approximately $85 […]
Argonaut Gold Hits US$120.2 Million In Revenue, Produces 63,749 Gold Equivalent Ounces In Q2 2021
Argonaut Gold Inc. (TSX: AR) announced late Tuesday its operating and financial results for the second quarter ended June 30, 2021. The report highlights a topline revenue figure of US$120.2 million, a climb from US$58.0 million in revenue for the same comparable period last year. The mining company also produced a total of 63,749 gold […]
US Cannabis: What Are The Next Catalysts? – The Daily Dive feat Emily Paxhia
For today’s episode, The Daily Dive host Cassandra Leah is joined by the Managing Partner of Poseidon Asset Management, Emily Paxhia. Emily joins us this afternoon to give her stance on Tilray’s (TSX: TLRY) outlook in entering the US market, the state of the Safe Banking Act in Biden’s administration, and which US states sustain […]
Sundial Growers: Analysts Expect Positive EBITDA For Second Quarter
Sundial Growers Inc. (Nasdaq: SNDL) announced that they will be reporting their second quarter financials after the market closes on August 12. Analysts have a consensus $0.68 12-month price target on the company, via a total of 5 analysts, with 4 analysts having a hold rating, and one analyst has a sell rating. The street […]
US Senate Passes $1 Trillion Infrastructure Bill
In a rare moment of unity, the US Senate passed the flagship infrastructure bill, which will allocate more than $1 trillion towards upgrading the country’s deteriorating transportation systems. On Tuesday, the US Senate voted 69-30 in favour of the Infrastructure Investment & Jobs Act, in a rare act of bipartisanship during a time of heightened […]