China Expands Military Presence to Solomon Islands
While eyes are fixated on Russia’s war in Ukraine, the Chinese military is looking to increase its foothold in the Pacific Ocean, raising concern in the US and its allied nations. According to Reuters, which cited a leaked draft document authenticated by two individuals familiar with the matter, the Solomon Islands may soon allow the […]
Singapore-Based SPAC RF Acquisition Prices US$100 Million IPO
Special purpose acquisition company RF Acquisition Corp. (Nasdaq: RFACU) started trading its securities on the Nasdaq Global Market today. The firm priced its initial public offering, aiming to raise total proceeds of US$100.0 million. The offering will entail selling 10.0 million units priced at US$10.00 per unit. Each unit is composed of one Class A […]
The Global Economy Is In Severe Danger – The Daily Dive
Today on the Daily Dive, we sit down with one of our regular guests, Todd “Bubba” Horwitz, CEO of Bubba Trading. Today, Bubba joins us to discuss the recent rate hikes by Powell and the Federal Reserve, the impact of commodity shortages on inflation, and the impact of ongoing war in Ukraine on the price […]
North Korea Tests Banned Intercontinental Missile, South Korea Fires Back
It’s as if the Russia-Ukraine war wasn’t enough to induce a global conflict. North Korea has been upping its missile testing, most recently firing off a banned intercontinental ballistic missile (ICBM), potentially bringing East Asia to the brink of another war. The military move, said to be Pyongyang’s biggest missile test ever, encroached Japan’s exclusive […]
Charlotte’s Web Ends Year With Wider Loss After Taking In US$98 Million Impairment Losses
Charlotte’s Web Holdings (TSX: CWEB) shared this morning its financial results for Q4 and full-year 2021, highlighting a quarterly revenue of US$24.8 million. This is an increase from Q3 2021’s revenue of US$23.7 million but lower than Q4 2020’s revenue of US$26.9 million. But what’s glaring in the company’s financials is the wider quarterly net […]
LG Energy-Stellantis JV Looks To Invest $5 Billion For Ontario’s First Large-Scale EV Battery Facility
The joint venture of LG Energy Solution and Stellantis NV (NYSE: STLA) announced a $5 billion investment to build Ontario’s “first large-scale” electric vehicle battery manufacturing plant. The facility is expected to be built in Windsor to manufacture batteries for EVs in Canada. “Attracting this multi-billion-dollar investment will secure Ontario’s place as a North American hub for building the cars […]
Columbia Care Posts Q4 Revenues Of $139.3 Million, Net Loss
Columbia Care (NEO: CCHW) this morning reported its fourth quarter and full year financial results, a day after revealing it would be acquired by Cresco Labs (CSE: CL) in an all-stock transaction. The firm posted record quarterly revenue of $139 million for the period ended December 31, 2021. The results released this morning are inline […]
Moderna To Construct Manufacturing Facility In Australia Under New Strategic Partnership
Moderna Inc (NASDAQ: MRNA) is officially going to the land down under. The company late last night announced that it has finalized a strategic partnership with the Australian federal government that will see a manufacturing facility for mRNA vaccines established within the country. The strategic partnership is said to be for an initial ten year […]
Skeena Sees Barrick Exercise Warrants, Sell Out Of 12.9% Ownership Position Entirely
Barrick Gold (TSX: ABX) has apparently done a quick flip on shares of Skeena Resources (TSX: SKE). While Skeena this morning was busy announcing that Barrick had bought shares from the treasury, Barrick was announcing that it had sold those same shares, and more. Skeena Resources has evidently seen Barrick Gold exercise 2.8 million warrants, […]
Jushi Sees Q4 Revenue Grow 22%, Points To Slowed Growth In 2022
Jushi Holdings (CSE: JUSH) this morning reported its fourth quarter financial results, for the year ended December 31, 2021. The company saw its revenue grow substantially on both a year over year and quarter over quarter basis to $65.9 million for the three month period, while posting positive net income. Revenue climbed 22% on a […]