Organigram: Consensus Price Target Falls To $3.55
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 firm also reported adjusted EBITDA of ($4.82) million and a net […]
Wind Power Becoming too Cheap for Industry to Sustain Itself
The price of generating wind power has gotten so low, that companies may soon be unable to invest in additional technologies for the sector. According to major turbine-making company Siemens Gamesa, the cost of wind power has recently dropped to such a low level that it can finally challenge the fossil fuel industry, mostly due […]
Peloton Interactive Bucks COVID Variant-Inspired Sharp Market Decline
On November 26, shares of Peloton Interactive, Inc. (NASDAQ: PTON), a leading seller of fitness equipment, was one of the few gainers (+5.7%) on a day when concerns about a new COVID variant, dubbed B.1.1.529 or Omicron, overwhelmed worldwide stock markets. Full details of the extent of the transmissibility and vaccine resistance of Omicron, which has […]
Enthusiast Gaming Sees Canaccord Reiterate $9.00 Price Target
On November 23rd, Enthusiast Gaming (TSX: EGLX) announced that they acquired Outplayed, Inc, the owners of U.GG which is a league of legends website. Enthusiast Gaming is paying $45 million with a potential $12 million in earnouts subject to certain performance milestones. The company is paying $7.5 million in cash, 5.2 million shares equal to […]
Global Fertilizer Shortage Threatens to Send Food Prices Even Higher
A global shortage of nitrogen fertilizer has pushed prices upwards to record-highs, threatening to raise already-elevated food prices even higher. According to Argus Media, nitrogen fertilizer prices have soared to the highest in nearly a decade, with prices already up 80% since the beginning of the year. Farmers apply the chemical ahead of the planting […]
Canopy: BofA Slashes Price Target To $19
On November 19th, Bank Of America terminated coverage on Tilray and Aurora Cannabis citing a reallocation of resources, this left Cronos Group (TSX: CRON) and Canopy Growth (TSX: WEED) as their only two cannabis plays, in which they slashed both their price targets on. They cut Canopy’s 12-month price target down to C$19 from C$22 […]
Stocks, Oil, Crypto Sent Plummeting as New Covid-19 Variant Emerges
It appears that the Covid-19 pandemic is far from over. A new, significantly more aggressive strain of the virus has emerged from Southern Africa, threatening to once again send the global economy into a tailspin. US, European, and Asian stocks were sent plummeting on Friday, as news of a new, highly transmittable Covid-19 variant from […]
Snow Lake Resources, A Prospective Lithium Miner, Completes IPO; No Cash Flow Likely Until 1Q 2024 at the Earliest
On November 18, Manitoba-based Snow Lake Resources Ltd. (NASDAQ: LITM) issued 3.2 million shares in an IPO led by ThinkEquity at a price of US$7.50 per share. The company hopes to develop the first renewable energy-powered mine that can produce battery grade lithium. Snow Lake’s planned Thompson Brothers Lithium Project encompasses 13,828 acres about 20 kilometers […]
Couche-Tard: Canaccord Reiterates $51 Price Target After Q3 Results
On November 23rd, Alimentation Couche-Tard Inc. (TSX: ATD.B) announced its fiscal second quarter results. The company announced $14.22 billion in revenue, growing 4.7% quarter over quarter, while the company gross profits decreased by 1% to $2.26 billion. The company reported $694.8 million of net income, down 9.1% quarter over quarter, and earnings per share of […]
President Trump’s Social Media SPAC Could Now Have Interesting Risk-Reward Characteristics
Former U.S. President Donald Trump’s SPAC stock, Digital World Acquisition Corp. (NASDAQ: DWAC), has reversed ~60% of the outsized gains it realized in the first two days (October 21 and 22) after its merger agreement was announced. The decline may have created a second potential entry point for this extremely volatile — and controversial — stock. […]