Canaccord Lowers Aurora Cannabis Price Target To $5 Following Q2 Earnings
On February 10th, Aurora Cannabis (TSX: ACB) reported its fiscal second quarter 2022 results. The company announced total net revenues of $60.59 million, down 10.5% year over year. Of that $60.59 million, $45.75 million comes from medical cannabis while the other $14.8 million comes from recreational channels. The company reported an adjusted EBITDA of -$9 […]
Palladium: Another Way To Hedge Against Ukraine-Russia Conflict?
As Russia and Ukraine appear to move closer to war every day, investors are calculating the potential impact on financial and commodity markets. Most stock market broad indices have reflected little fear of the potential conflict since the start of the year, until they suffered notable declines on February 9 and 10 as the leaders of […]
No, The CEO Of Moderna Didn’t Just Dump $400 Million In Shares
The trouble with social media, is that it’s a big game of telephone. One individual may go on a platform – such as Twitter – and report a recent news event. But because of either the freshness of the information resulting in insufficient sourcing, the general lack of ability to independently fact check, or even […]
Canopy Growth Sees Canaccord Lower Target To $10 After Poor Q3 Results
On February 7th, Canopy Growth Corp (TSX: WEED) reported its fiscal third quarter financial results. The company reported total net revenues of $141 million, down 8% year over year. Gross margins for the quarter came in at 7%, down 9% from last year. While the company reported adjusted EBITDA of -$67.4 million, flat year over year. […]
MedMen Enterprises Chief Revenue Officer Resigns From Role
MedMen Enterprises (CSE: MMEN) is down a member of management. The firm announced late Friday night that it has seen a member of its executive team hand in their resignation, which is effective at the beginning of March. Tracy McCourt, the firms Chief Revenue Officer since December 2020, has tendered her resignation with the company. […]
Altus Midstream-BCP Raptor Merger Could Be a Catalyst for High-Yielding ALTM Stock
On February 10, 2022, Altus Midstream Company (NASDAQ: ALTM) shareholders voted to approve its business combination with the private company BCP Raptor Holdco LP. The merger should close by the end of the month following this approval. Altus is a high-yielding (9.0% dividend yield) energy company which owns minority stakes in a total of four natural gas, one […]
BMO: Cenovus Energy Has “Peer-Leading Cash Return Potential”
On February 8th, Cenovus Energy (TSX: CVE) reported its fourth-quarter and full-year 2021 results. The company reported annual revenues of $46.36 billion, up 250% year over year. Gross profit also grew over 200% to $18.55 billion, while net income came in at $553 million, or a $1.09 earnings per share, up 123% year over year. […]
Binance Invests $200 Million in Forbes in Effort to Educate Consumers on Crypto Markets
Binance, the largest cryptocurrency exchange in the world, has decided to begin cleaning up its image and raise positive awareness about emerging blockchain technologies. In order to do that, Binance will be making a $200 million strategic investment in US-based business media platform Forbes, as the exchange looks to “build widespread consumer understanding and education,” […]
Cameco: Canaccord Refers To Firm As “Go-To” Name For Uranium Exposure
On February 9th, Cameco (TSX: CCO) reported its full-year 2021 financial results. The company reported full-year revenues of $1.47 billion, down 18% from 2020. Gross profits came in at $1.93 million, which is 0.1%, this is down from $106.45 million last year or down 98.2%. The company saw a negative operating profit of -$132.41 million, […]
Elon Musk’s Neuralink Accused Of Killing 15 Of 23 Test Monkeys With Tech Research
It appears that Elon Musk’s Neuralink is more than a little away from prime time. Its being reported that study’s conducted by the firm have seen high death rates amongst the monkeys being utilized for prototype testing. On Thursday, the Physicians Committee for Responsible Medicine, an animal rights activist group, published a news release wherein […]