Canopy Growth Sees Cantor Lower Price Target To $21
Last week, Cantor Fitzgerald updated their estimates on a bundle of Canadian licensed producers. In every case, they slashed the 3 largest license producers’ price targets. Cantor Fitzgerald lowered their 12-month price target on Canopy Growth Corp (TSX: WEED) (NASDAQ: CGC) to C$21.00 from C$30.50 and reiterated their neutral rating. Canopy Growth currently has 14 […]
BP Shuts UK Fuel Stations Amid Truck Driver Shortage as Europe’s Energy Crisis Worsens
It appears that Europe’s energy crisis is about to get a lot worse. Oil company BP on Thursday announced it has no choice but to temporarily shut down some of its petrol fueling stations across the UK, as a truck driver shortage impedes the company’s ability to deliver fuel from its refineries. “We are experiencing […]
Stem Holdings: Cannabis E-Commerce & The Artifact Acquisition – The Daily Dive
Joining us for the final episode of The Daily Dive this week, is Adam Berk, CEO of Driven By Stem (CSE: STEM). Adam joins us this afternoon to discuss the latest with Stem, including their focus on cannabis e-commerce and delivery as a service, as well as their recent acquisitions in the state of Oregon. […]
Canadian Retail Sales Slump in July as Consumer Activity Shifts to Services Spending
Retail sales slumped 0.6% in July, marking the third decline in four months, as consumers continued to shift their spending patterns from goods to services— many of which were shut down during pandemic restrictions. Statistics Canada on Thursday reported that July’s retail sales fell to $55.8 billion, as sales slumped across five of the 11 […]
Canaccord Reiterates $10 Price Target On Blackberry Following Results
On September 22, BlackBerry Limited (TSX: BB) reported their second quarter financial results for the period ending August 31. BlackBerry reported revenues of $175 million, down 15.5% year over year, cyber security revenue of $120 million, internet of things revenue was $40 million, while licensing and another revenue was $15 million for the quarter. This […]
Azincourt Energy Taps FOBI To Utilize Artificial Intelligence At East Preston Uranium Project
Azincourt Energy Corp. (TSXV: AAZ) announced this morning that it has entered into a data consulting agreement with FOBI AI Inc. (TSX.V: FOBI). The consultancy arrangement sets the latter to provide artificial intelligence-driven solutions to drive operational efficiencies at its majority-owned East Preston uranium project. “This partnership with FOBI AI gives Azincourt the opportunity to […]
Turkey Slashes Interest Rates Despite Soaring Inflation, Sending Lira Tumbling
Turkey’s lira was sent plummeting to a new record low on Thursday, after the country’s central bank slashed its benchmark rate in baffling response to rising inflation. The central bank’s Monetary Policy Committee cut its one-week repo rate from 19% to 18% on Thursday, after Turkey’s inflation rate unexpectedly jumped to 19.25% in August, causing […]
IsoEnergy: Haywood More Than Doubles Price Target To $7.00
On September 21st, IsoEnergy (TSXV: ISO) announced initial scintillometer results, which were done over the summer at the Hurricane Zone. There were 4 sections outlined in the news release. The first being LE21-78C1 or Section 4460E, where the company intersected 12.0m of uranium mineralization from 248.5 to 260.5m, this includes 2.0m of strong mineralization. The […]
Hive Blockchain Posts $66.7 Million In Revenue For Fiscal Year 2021
HIVE Blockchain Technologies Ltd. (TSXV: HIVE) announced today its financial results for the full fiscal year 2021 ending March 31, 2021. The results highlighted $66.7 million in annual revenue, a 174% increase from 2020. “Fiscal 2021 was an incredible year for HIVE. Despite the effects of COVID-19 we have achieved record results and continued to […]
CGX Energy To Raise $73.6 Million Via Rights Offering, Frontera To Act As Backstop
CGX Energy (TSXV: OYL) this morning announced that is has secured funding for a bridge loan via a rights offering that is to be conducted by the company. The firm will look to raise up to $73.6 million under the offering, which will enable the company to continue to fund its operations. Under the rights […]