Organigram: Haywood Lowers Price Target To $3.00
On November 23rd, Organigram Holdings (TSX: OGI) announced its fourth quarter fiscal 2021 results. The company reported net revenues of $24.85 million, up 22% year over year, while the cost of goods sold came in at $25.87 million greater than the net revenues. The company reported adjusted EBITDA of ($4.82) million and a net loss […]
Mako Mining Posts US$14.3 Million In Revenue For Q3 2021
Mako Mining Corp. (TSXV: MKO) announced today its financial results for the quarter ending September 30, 2021, the first full quarter of financial results since declaring commercial production at San Albino in northern Nicaragua. The report saw quarterly revenue of US$14.3 million, up from a pre-production revenue of US$4.8 million recorded last quarter. The mining […]
Galaxy Digital Announces US$500 Million Senior Notes Offering
Galaxy Digital (TSX: GLXY) is looking to raise $500 million. The firm this morning announced the pricing of a exchangeable senior notes offering, which will be used towards accelerating growth. The company intends to raise US$500 million via the sale of exchangeable senior unsecured notes dude 2026. The debt is to bare interest at a […]
QYOU Media Posts 81% Sequential Revenue Increase In Q1 2022
QYOU Media (TSXV: QYOU) this morning reported its first quarter 2022 financial results. The company smashed new revenue records, reporting $4.7 million in revenue for the three month period – more than the $4.2 million in revenue reported in all of fiscal 2021. Revenue was up overall 81% on a quarter over quarter basis, climbing […]
MicroStrategy Acquires 7,002 Bitcoin From ATM Financing Proceeds
Evidently MicroStrategy Inc (NASDAQ: MSTR) is in the business of effectively exchanging shares for bitcoin. The company this morning provided the market with an update to its current bitcoin holdings, indicating it has acquired a total of 7,002 additional bitcoins. The latest announcement brings the total bitcoin holdings of the company to 121,044. The latest […]
Emerald Health Announces Exit From Cannabis Industry
And another one bites the dust. Emerald Health Therapeutics (CSE: EMH), one of the first players to enter the Canadian cannabis sector, this morning announced that it is getting out of both recreational and medical cannabis in Canada entirely. The announcement comes just weeks after the firm revealed it has partnered with HYTN Cannabis to […]
EnerDynamic Secures New EU-Based Solar Manufacturer
EnerDynamic Hybrid Technologies (TSXV: EHT) is evidently focused on strengthening its supply chain. The firm this morning announced a strategic partnership with Energyra Europe B.V., which will see the European-based firm become a strategic supplier to the company in the region. The arrangement will see Energyra become the manufacturer and distributor on a preferred basis […]
Gage Cannabis Posts Q3 Revenues Of $27.2 Million
Gage Growth Corp (CSE: GAGE) this morning posted its third quarter 2021 financial results, reporting revenues of $27.2 million. The firm also posted a net loss of $3.4 million for the period ended September 30, 2021. Revenues were up marginally, climbing 3.2% quarter over quarter from $26.4 million to $27.2 million. Gross profit before fair […]
WeCommerce: Canaccord Lowers Price Target After Shopify Changes Advertising Rules
On November 22nd, WeCommerce (TSXV: WE) reported its third quarter financial results. The company reported total revenues of $10.94 million, up from $5.8 million last year. The company reported an operating loss of $0.34 million and a net loss of $2.98 million while adjusted EBITDA came in at $3.4 million, or a 31% margin. WeCommerce […]
Rivian: Report Indicates Range of Electric Vans May Be Markedly Lower Than Disclosed in S-1 Filing
An axiom in the investment world is that when a stock is priced for perfection, the underlying company had better execute its business strategy flawlessly. Rivian Automotive, Inc. (NASDAQ: RIVN) may have violated that rule. On November 19, The Information, an online publisher of business articles, reported that Rivian’s commercial electric vans may have a […]