Cresco Labs Reports 2021 Financials: $821.7 Million In Revenue, $296.8 Million Net Loss
Cresco Labs (CSE: CL) released its Q4 and full-year 2021 financials, highlighting what it deems a record annual revenue of $821.7 million. This is an increase from 2020’s $476.3 million. Gross margin for the year also increased to 49.5% coming from 43.4% from the year-ago period. However, the firm ended with a net loss of $296.8 […]
SEC: Elon Musk’s Tweets About Tesla May Still Be Legitimately Investigated
While he challenged Russian President Vladimir Putin to a fight on Twitter, Tesla (Nasdaq: TSLA) CEO Elon Musk’s own Twitter account is the primary subject of his ongoing battle with the US Securities and Exchange Commission. The SEC filed with the US District Court, Southern District of New York a reply pertaining to Musk’s attempt […]
Imperial Helium Confirms Deliverability Of 10-15 MMCF/D At Steveville
Preliminary results are in for Imperial Helium (TSXV: IHC) as it relates to the deliverability of raw gas from its current two helium wells in Alberta. The study was conducted in conjunction with the firms plan to construct a production facility at the Steveville property, which required the study to be conducted to ensure sufficient […]
Denarius Metals Encounters 4.71% Copper Equivalent Over 9.0 Metres In Spain
Drilling continues for Denarius Metals Corp (TSXV: DSLV). The firm this morning indicated that it has completed 53% of its planned drill program at the Lomero-Poyatos Project in Spain, while also announcing additional drill results. The latest results to be released by the company consist of 2,788 metres in aggregate of drilling, which was conducted […]
Aurora Cannabis Drops $38 Million To Acquire Thrive Cannabis
While consolidation is occurring south of the Canadian border in the US cannabis space, it also continues up here in the Great White North as well. Aurora Cannabis (TSX: ACB) last night revealed that it will be acquiring TerraFarma, the parent company of Thrive Cannabis. While not nearly the size of the blockbuster $2.0 billion […]
Cresco Labs To Pay US$2.0 Billion In Stock To Acquire Columbia Care
Consolidation within the US cannabis space continued this morning with the proposed combination of Columbia Care (NEO: CCHW) and Cresco Labs (CSE: CL) hitting the wire. Originally leaked last night via Twitter user @BettingBruiser before being picked up by Reuters, the combination is valued at US$2.0 billion. The proposed transaction, which is expected to close […]
Anonymous Claims To Have Leaked Nestlé Customer Data, Gives Western Companies 48 Hours To Leave Russia
The international hacktivist collective known as Anonymous has announced that it has leaked 10GB worth of data belonging to Nestlé as part of its actions against Western companies that have not yet pulled out of Russia. The collective has launched a series of cyberattacks in retaliation for Russia’s invasion of Ukraine. On March 21st the […]
Wondr Gaming Plans To Rebrand As Gamelancer Post-Acquisition, Ups Cash Consideration
Wondr Gaming (CSE: WDR) inked the definitive agreement on Monday regarding its previously announced plans to acquire Gamelancer, Inc. The resulting merger is set to change its name for the latter, including its symbol to “GMNG” at the Canadian Securities Exchange. The acquisition still consists of issuing 212,338,900 Wondr Gaming common shares, equivalent to roughly 49% […]
BuzzFeed Editor-In-Chief, 2 Editors Stepping Down As Firm Releases 2021 Earnings
BuzzFeed, Inc. (Nasdaq: BZFD) reported today its 2021 financial results–its first since going public in December 2021–highlighting an annual revenue of US$397.6 million, around a 24% increase year-on-year. On the same day, the media outfit’s editor-in-chief and two other segment editors announced they are leaving the firm. BuzzFeed Editor-in-Chief Mark Schoofs, Deputy News Editor Tom Namako, […]
Alibaba Surges Up To 13% After Upsizing Share Buyback Program To US$25 Billion
Alibaba (NYSE: BABA) announced today that it is increasing its share buyback program to US$25 billion, from the original US$15 billion figure. Following the announcement, the company’s stock spiked by as much as 13.8% as the market opened. The company earmarked the program for a two-year period until March 2024. In its previous buyback program, […]