Hexo Corp Records Q4 Revenues Of $38.8 Million, Posts Going Concern
Hexo Corp (TSX: HEXO) this morning reported its fourth quarter financial results for 2021, posting net cannabis revenue of $38.7 million for the three month period. The company also posted a net loss for the period of $68.0 million. The quarter was Hexo’s best to date, with revenues increasig 43% on a quarter over quarter […]
Magna: BMO Expects A Poor Quarter After Conducting Channel Checks
Magna International (TSX: MG) is expected to report its third-quarter financial results on November 5th before the market opens. Out of 11 analysts, revenue is expected to be US$7.98 million. Another 11 analysts have a consensus of US$0.60 in earnings per share. There are 10 analysts covering Magna International with an average 12-month price target […]
Green Thumb: Haywood Lowers Price Target On Slower Growth Expectations
Green Thumb Industries Inc. (CSE: GTII) announced that they will be reporting their third-quarter financial results on Wednesday, November 10th, after the market closes. The average revenue estimate between 14 analysts is US$233.25 million, while EBITDA is expected to be US$82.76 million with 13 analyst estimates. There are currently 16 analysts who cover Green Thumb […]
Surging Fuel Prices Prompt Europeans to Embark on Petrol Tourism
Surging fuel costs across certain regions of Europe are forcing an increasing number of consumers to drive to neighbouring countries in search of price relief. In Germany, for example, the price of gasoline has skyrocketed to almost $2.30 per litre, which translates to approximately $23.20 more to fill up a vehicle compared to neighbouring countries […]
Mark Zuckerberg Announces Facebook Will be Changing Name to ‘Meta’
Social media behemoth Facebook (NASDAQ: FB) has decided to completely rebrand itself from the toxicity of its current corporate identity, into a social network pinned on the coming age of virtual reality. On Thursday, Facebook CEO Mark Zuckerberg announced the social media giant will be changing its name to ‘Meta’ going forward, after a series […]
Study Questions the Operating Economic Advantages of Electric Vehicles Versus Gas-Powered Cars
On October 21, the consulting firm Anderson Economic Group issued a study comparing the costs of operating an electric vehicle (EV) versus the costs of driving a car with a conventional internal combustion engine. In an almost sacrilegious finding, particularly for a large group of auto makers who have embarked on “bet the company” plans […]
Starbucks: Analysts Expect Q4 Earnings of $0.99 Per Share
Starbucks (NASDAQ: SBUX) will be reporting its fourth quarter financial results today after the markets close. Analysts have a consensus $129.25 12-month price target on the company, via a total of 37 analysts, with 12 analysts having strong buy ratings. 10 analysts meanwhile have buy ratings, 14 analysts have a hold rating and a single […]
Semiconductor Maker GlobalFoundries Prices US$2.6 Billion IPO
Semiconductor manufacturer GlobalFoundries (Nasdaq: GFS) started publicly trading on the Nasdaq Global Select Market today. The firm’s initial public offering is looking to raise US$2.6 billion. The offering will be conducted through the issuance of 55.0 million common shares selling at US$47.00 per share. Out of this, around 30.25 million shares will be sold by […]
Trump SPAC DWAC To Take on Big Tech
“D – Wack. The DWAC SPAC. It’s a SPAC folks. But it’s temporary. It’s only temporary, because it’s a Special. Purpose. Acquisition Company. That’s what it is. That’s what a SPAC is. And it’s been founded for a very special purpose, one of the most special purposes of all time. It’s purpose is to do […]
WELL Health Streamlines Operations Into Two Business Lines
WELL Health Technologies Corp. (TSX: WELL) seems to be reorganizing and streamlining its operations. The firm shared today that it has updated its lines of business to focus on two divisions. The company is “simplifying” its organization by forming two key business lines: Omni-Channel Patient Services and Virtual Services. The key difference between the two […]