Datametrex Awarded $40 Million R&D Contract For AI Tech
Datametrex AI (TSXV: DM) has secured a major contract. The firm this morning indicated it has won a bid on a multi-phase R&D program contract focused on its artificial intelligence technology. The contract, valued at approximately $40 million, has been awarded to Datametrex and its consortium partner for a Canadian Artificial Intelligence bid, with the […]
Haywood Lowers Tilray Price Target To $7.25
On January 10th, Tilray Inc (TSX: TLRY) reported their fiscal second-quarter financial results. The company saw net revenues of $155.15 million, an increase of 20% year over year. The company reported an adjusted EBITDA of $13.8 million and a net income of $95 million, driven by a reassessment of fair value derivative liabilities. The companies […]
DWAC Soars; Investors Seem to be Ignoring Significant Regulatory Uncertainty
Former U.S. President Donald Trump’s SPAC stock, Digital World Acquisition Corp. (NASDAQ: DWAC) spiked 14% higher on January 11 to US$63.80 on no apparent news. While many current SPACs are trading poorly, SPAC sponsor DWAC has enjoyed a much more constructive trajectory. However, given the uncertainties faced by DWAC and its extraordinarily high valuation for a company with […]
The Kim Kardashian Crypto Scam Explained
It appears that rug pulls in cryptocurrency markets are becoming increasingly more common, with even celebrities taking part in the action. According to a class action lawsuit filed in the Central District of California, Kim Kardashian, Floyd Mayweather, and Paul Pierce are being accused of making misleading promotions over EthereumMax, an Ethereum cryptocurrency knockoff that […]
Scorching Hot CPI Soars at Fastest Pace in Nearly 40 Years Again While Wages Continue to Plummet
Are you tired of forever-skyrocketing CPI prints? We are too— but here we are again, with yet another eye-watering inflation increase for the 19th straight month in a row… The latest print from the BLS showed consumer prices jumped 0.5% to a whooping annualized 7% from December 2021, which is the fastest pace since June […]
Tech SPAC 10X Capital Venture Acquisition III Prices Upsized US$261 Million IPO
Blank check company 10X Capital Venture Acquisition Corp. III (NYSE: VCXB.U) is looking to raise US$261 million for its initial public offering. The company goes public today on the New York Stock Exchange. The offering consists of 26.1 million company units selling at US$10.00 per unit. This is an upsize from the previous plan to […]
i-80 Gold Bares Roadmap To Nevada-Focused Mining Company Producing 500,000 Ounces Annually
i-80 Gold Corp. (TSX: IAU) shared this morning the details of its development plans for 2022, tied to its previously announced goal of creating a comprehensive Nevada mining complex. The mining firm targets to be a Nevada-focused mining company “producing more than 500,000 ounces of gold annually.” Calling it the “Hub and Spoke”, the development […]
U.S. Global Investors Records US$6.5 Million In Revenue For Fiscal Q1 2022
U.S. Global Investors, Inc. (Nasdaq: GROW) reported this morning its financial results for fiscal Q1 2022, earning US$6.5 million in revenue. This is an increase from Q1 2021’s revenue of US$3.2 million. “I’m thrilled that U.S. Global Investors has remained a go-to fund shop for investors seeking strategic exposure to thematic sectors such as airlines, […]
Intact Financial Declares $186 Million In Catastrophe Losses
Intact Financial Corporation (TSX: IFC) announced on Tuesday its estimated catastrophe losses for Q4 2021. The amount is expected to be approximately $186 million pre-tax. The losses suffered during the quarter were mainly due to the heavy storm and flooding that hit British Columbia in November 2021. “Our teams have been working tirelessly to quickly […]
Swarmio Media Begins Deployment Of Gaming Ecommerce Solution
The revenue taps are seemingly about to be turned on for Swarmio Media (CSE: SWRM). The firm this morning announced that it has debuted the Swarmio Store to its full service gaming ecosystem that is integrated with telcos. With initial deployments occurring throughout January 2022 with Sri Lanka Telecom, the store, described as a “proprietary […]