Beyond Meat: Canaccord Lowers Targets Following Reduced Guidance
On October 22nd, Beyond Meat (NASDAQ: BYND) updated the market on their third quarter financial results, saying that the company now expects third-quarter revenues of $106 million compared to the prior guidance of $120 – $140 million. They believe that this is due to “broader ongoing macro and the micro-economic factors,” as well as COVID-19 […]
Nomad Royalty Purchases 5.938% Royalty At Greenstone Gold Project For US$95 Million
Nomad Royalty Company (TSX: NSR) announced this morning that it has entered into an agreement to acquire 5.938% of the gold production of the Greenstone gold project. The transaction is reported to be paid in cash totaling US$95 million. Under the agreement, Nomad Royalty will be entitled to 5.938% of the gold production until the […]
Cameco Reports $361 Million In Revenue, $72 Million Net Loss In Q3 2021
Cameco (TSX: CCO) announced this morning its financial and operational results for Q3 2021, highlighting a quarterly revenue of $361 million. This is a decrease from Q3 2020’s revenue of $379 million. Gross margin for the quarter came to a negative 7.2% compared to last year’s negative 6.3%. “Our third quarter results were as expected […]
US Economic Expansion Slows Sharply as Consumer Spending Wanes
America’s GDP grew by less than expected in the third quarter, further strengthening narratives that stagflation is tightening its grip on the US economy. According to preliminary estimates released by the Commerce Department on Thursday, economic output rose by an annualized 2% in the third quarter, following a 6.7% increase in the prior quarter. The […]
GoldMining Secures US$20 Million Loan Facility With Bank Of Montreal
GoldMining Inc. (TSX: GOLD) announced today that it has closed its previously announced agreement with the Bank of Montreal. The firm has secured a US$20 million loan facility from the Canadian bank. The loan facility is subject to the 3-Month London interbank offered rate plus 5.65% annual interest rate. It is also secured against Gold […]
Ayurcann Holdings Finishes Phase 2 Buildout Of Pickering Facility
Ayurcann Holdings (CSE: AYUR) this morning hit an operational milestone, with the firm announcing the completion of its phase two expansion of its Pickering, Ontario facility. The expansion is said to bring enhanced production and manufacturing capabilities. The buildout reportedly was completed both on time and on budget, with the expansion allowing for “immediate commencement […]
QYOU Media Posts Q4 Revenues Of $2.6 Million
QYOU Media (TSXV: QYOU) last night reported its fourth quarter financial results, posting an astounding 618% increase to revenues year over year, with Q4 revenues climbing to $2.6 million. The revenues for the quarter nearly eclipsed revenues for all of 2020 due to significant growth seen by the company as of late. Revenues for the […]
Voyager Digital Sees Annual Revenues Climb To $175.1 Million From $1.2 Million
Voyager Digital (TSX: VOYG) evidently had a banner year for 2021, posting significant revenue growth over the twelve month period as crypto assets fell back into favour. Revenues for the year amounted to $175.1 million, however the company still posted a net loss of $51.5 million, largely related to warrant liabilities. Revenues for the year […]
Fire & Flower Parts Ways With Chief Operating Officer
Things evidently may not be going so well over at Fire and Flower Holdings (TSX: FAF). The company last night issued a late-night release related to management changes, wherein the company stated plainly that the firms COO, Nadia Vattovaz is “no longer with the company effective October 28, 2021.” While its obvious that an instant […]
NG Energy Preps For Well Re-Entry, Reaches Agreement For Pipeline Tie-In
NG Energy International (TSXV: GASX) this morning had a positive update for investors on the status of its Istanbul-1 well along with its GTX facility for its Maria Conchita gas field. The updates push the company one step closer to production. The company is currently prepping to conduct the re-entry of the Istanbul-1 well, enabling […]