Cathie Wood’s ARK Invest Sees New Proposed ETF Looking To Short ARKK
It appears that not everyone is a fan of Cathie Wood or her fund, ARK Invest, within the financial world. Last week, a prospectus was filed for a new ETF that looks to track the inverse performance of ARK’s largest fund. The filing comes amid what some in the financial world view as the peak […]
Lundin Mining Downgraded By Canaccord Due To Candelaria Mine Concerns
Lundin Mining Corporation (TSX: LUN) reported its second quarter financials on July 28. The company reported production of 63,457 tonnes of copper, 34,833 tonnes of zinc, 41,000 ounces of gold, and 4,774 tonnes of nickel in the first quarter. The company grew its revenue 63.6% year over year this quarter to $872.3 million, while gross […]
Toronto Housing Market Slumps From Record Highs in July
Canada’s largest housing market is beginning to show signs of cooling off, as sales levels continue to slump from record highs. According to the latest data published by the Toronto Regional Real Estate Board (TRREB), there were a total of 9,390 properties that traded hands in the Greater Toronto Area (GTA) in July, marking a […]
Kinross Gold: Canaccord Lowers Target After Higher Than Expected Costs
On July 28, Kinross Gold Corporation (TSX: K) reported their second quarter results. The company announced that they produced 538,091 ounces of gold in the second quarter with an all-in sustaining cost of $1,069. This means they produced almost 1.1 million ounces of gold in the first half of the year. The company also revised […]
Restaurant Brands International Bids To Buyback Up To 10% Of Shares
Restaurant Brands International Inc. (TSX: QSR) shared today the company’s plans to renew its normal course issuer bid to buy back its common shares. The share repurchase renewal is part of the company’s board authorization to purchase up to US$1.0 billion worth of common shares in the next two years. The company intends to purchase […]
Robinhood Attempts To Calm Investors Following 27% Drop
Robinhood Markets (NASDAQ: HOOD) this morning attempted to calm investors after the name ultimately dropped 27.6% yesterday. The fall from grace was related to a Resale S-1 that was filed yesterday morning by the company, which will enable certain investors to sell their stake in the company. The S-1, which will effectively register securities of […]
NorZinc Closes $7.2 Million Financing
NorZinc (TSX: NZC) this morning reported the closing of a previously announced financing. The arrangement saw the company raise a total of $7.2 million via a combination of a short form prospectus and a private placement. Under the terms of the short form, 95.0 million units of the company were sold at a price of […]
Canopy Growth Posts Net Revenue Of $136.2 Million For Fiscal Q1 2022
Canopy Growth Corp (TSX: WEED) reported this morning its financial results for fiscal Q1 2022 ending June 30, 2021, highlighting a net revenue of $136.2 million. This is a drop from Q4 2021’s $148.4 million but an increase from Q1 2021’s $110.4 million. The quarterly revenue is composed of $73.5 million from the Canadian cannabis […]
Cronos Group Posts Another Gross Loss For Q2, Replaces CFO
Cronos Group (TSX: CRON) (NASDAQ: CRON) this morning reported their second quarter financial results. Revenues improved over the first quarter of 2021, with the company posting consolidated net revenue of $15.6 million for the quarter. Despite this, the company still managed to post gross losses, which grew on a quarterly basis. Revenues for the quarter […]
High Tide Closes Saskatchewan Cannabis Firm Acquisition For Reduced $2.7 Million
High Tide Inc. (TSXV: HITI) announced this morning that it has recently completed the acquisition of cannabis firm 102105699 Saskatchewan Ltd. The transaction is reported to be for consideration of $2.7 million, a slight dip from its previously announced $2.9 million deal. According to the amended purchase agreement, the company acquired 100% equity of the […]