Airbnb Exceeds Pre-Pandemic Revenue Levels With US$6.0 Billion For 2021
The world of travel is changing. This is what the Q4 and 2021 financial results of Airbnb (Nasdaq: ABNB) have reflected, ending the year with annual revenue of US$5.99 billion. The revenue for the year – claimed as the “best year” in the firm’s history – is a jump from 2020’s US$3.38 billion and more […]
Canadian Consumer Prices Soar to 30-Year High
For the first time in over 30 years, consumer inflation across Canada exceeded 5%, as unprecedented quantitative easing, snarled supply chains, and product shortages contributed to broad price increases across all major components. Following a monthly decline of 0.1%, consumer prices jumped 0.9% between December and January, registering the sharpest gain since 2017. The fresh […]
Shopify Grows Revenues 57% Year Over Year In 2021
Shopify Inc (TSX: SHOP) this morning announced its fourth quarter and full year financial results for 2021. The company saw significant revenue increases on both a quarter over quarter and year over year basis, with the firm posting revenue of $1.4 billion for the three month period. Revenue for the quarter represented a 22.8% increase […]
Aztec Minerals Hits 88.41 Metres Of 1.1 g/t Gold In First Drill Hole At Cervantes
Results are already starting to trickle in for the latest drill program undertaken by Aztec Minerals Corp (TSXV: AZT). The company this morning released assays on the first hole drilled under its ongoing phase two drill program at the Cervantes Project in Sonora, Mexico. The first hole drilled under the program, CAL22-001, has intersected 1.1 […]
Moderna Expands Manufacturing Abilities In Spain, Steps Into New Asian Markets
Moderna Inc (NASDAQ: MRNA) is looking to scale up the production of its mRNA vaccines and therapeutics on a global level. The firm this morning announced a significant expansion within Asian markets, following the news last night that the company is expanding its operations in Spain. In terms of its operations in Spain, the firm […]
Aya Gold & Silver Hits 3,353 g/t Silver Over 7.5 Metres At Zgrounder
Aya Gold & Silver (TSX: AYA) continues to expand known mineralization at its flagship Zgrounder Silver Mine, which is located in Morocco. The company this morning reported further results from its 2021 drill program at the mine. Collectively, the results released this morning included 25 diamond drill holes. Within those 25, 13 of the holes […]
SugarBud Craft Growers To Consolidate At 100 To 1 Ratio
Consolidations appear to be on the rise within the Canadian capital markets. SugarBud Craft Growers (TSXV: SUGR), a cannabis firm solely focused on the craft cannabis space, is the latest such firm to announce a share consolidation. The firm will see its share consolidation take effect on February 18, following the approval from shareholders just […]
Cineplex: Canaccord Lowers Target To $17 From $19
On February 11th, Cineplex Inc (TSX: CGX) reported its fourth quarter financial results. The company saw its revenues grow to $300 million, up almost 20% quarter over quarter but below the $443 million it saw during the December 2019 quarter. Cineplex’s gross profits came in at $145.8 million, up quarter over quarter but below the […]
US Consumer Sentiment Slumps to Decade-Low Amid Surging Inflation
US consumer sentiment fell to the lowest in over a decade in February, as Americans’ views on their personal finances continue to deteriorate amid historically high inflation levels. The latest consumer sentiment index from the University of Michigan fell from 67.2 to 61.7 in early February, substantially below an estimate of 67 from economists polled […]
Ascend Wellness: Medmen Dispute “Is Nothing More Than A Case Of Sellers Remorse”
Ascend Wellness (CSE: AAWH) last night filed its motion to dismiss defendants counterclaims in its lawsuit against MedMen Enterprises (CSE: MMEN). The lawsuit relates to MedMen’s breach of contract in relation to its New York license, which was to be sold to Ascend. The investor agreement in question relates to an agreement that outlines that […]