Evergrande Still Faces MAJOR Debt Obligations in Coming Years Despite ‘Resolving’ Thursday’s Interest Payment
Although markets exhaled a sign of relief upon news that Evergrande had come to an agreement with creditors regarding Thursday’s scheduled interest payment, the coast for the heavily-indebted real estate developer is not yet clear. Markets around the globe were ecstatic to learn that Evergrande vaguely confirmed it will be making a 232 million yuan […]
Blackberry Ends Fiscal Q2 2022 With US$175 Million In Revenue, US$144 Million Net Loss
BlackBerry Limited (TSX: BB) released on Wednesday its financial statements for fiscal Q2 2022 ending August 31, 2021. The results highlighted a quarterly revenue of US$175 million compared to fiscal Q1 2022’s revenue of US$174 million and Q2 2021’s revenue of US$259 million. Breaking down the topline figure, revenue from cybersecurity contributed US$120 million. IoT […]
Fed Chair Jerome Powell Signals Taper Beginning in November, Rate Hike in 2022
Federal Reserve Chair Jerome Powell signalled that the central bank could begin phasing out its asset purchases as early as November, followed by an interest rate hike in 2022. Following its two-day policy meeting on Wednesday, the FOMC unanimously agreed to keep current interest rates at near-zero, as well a maintain current bond purchases at […]
Eguana Technologies Enters Master Licensing Agreement With E-Gear
Eguana Technologies (TSXV: EGT) has reportedly entered into a master licensing agreement with that of E-Gear LLC, whom it has partnered with in Hawaii. The licensing pertains to certain software developed by E-Gear. The arrangement will see the integration of energy asset management and aggregation technology developed by E-Gear into the residential energy storage solutions […]
Cameco Signs MOU With GE Hitachi, Synthos Green Energy For Uranium Supply Chain Servicing Potential SMRs In Poland
Cameco (TSX: CCO) announced this morning that it has entered into a memorandum of understanding with GE Hitachi Nuclear Energy, GEH SMR Technologies Canada, and Synthos Green Energy. The collaboration aims to explore establishing a uranium fuel supply chain in Canada that could service a potential deployment of BWRX-300 small modular reactors in Poland. “This […]
Rusoro Mining Sees Venezuela Dismiss Its Appeal Of US$1.62 Billion Arbitral Award
Rusoro Mining Ltd. (TSXV: RML) is getting closer to the compensation related to its court battle with the Republic of Venezuela. The gold producer announced on Wednesday that the country is dismissing its appeal of the US$1.62 billion judgment awarded to the company. The appeal relates to the judgment rendered by the U.S. District Court […]
Cresco Labs Acquires Three Pennsylvania Dispensaries For US$90 Million
Cresco Labs (CE: CL) is expanding its footprint in Pennsylvania. The expansion however does not come cheap, with the firm agreeing to acquire Cure Pennsylvania for a total price tag of US$90 million. The acquisition will see Cresco increase its operations in the state by a total of three dispensaries, with the three locations reportedly […]
Qyou Media Set To Add Second Broadcast Channel To Lineup In Early 2022
Growth over at Qyou Media (TSXV: QYOU) has evidently been explosive this past year, with the company now having expansion on its mind. The firm revealed this morning that it intends to launch a new broadcast channel in January 2022 to further capture market share within its niche. The Q India will see the launch […]
Well Health Acquires Cardiology Focused EMR For $4.5 Million
Well Health (TSX: WELL) this morning continued with its strategy of growth by acquisition. The firm announced that it has entered a definitive agreement to acquire Aware MD, an outpatient EMR that is focused on cardiology. The firms EMR platform, known as Cerebrum, is said to be the largest in Canada specific to cardiology, and […]
Zoglo’s Launches Incredible Line Of Products In Canada
Zoglo’s Incredible Food (CSE: ZOG) this morning had a major announcement. The company has formally launched its new line of plant-based products in Canada, referred to as the Incredible line. The announcement marks an important step for the company, as it transitions from operating within the “international foods” aisles in local grocers to that of […]