Apparently, Russian Oil Tankers Are Going Dark To Circumvent Sanctions
On face value, the world is striving to ice out Russian oil following President Vladimir Putin’s decision to launch an invasion of Ukraine. But as the war enters the second month, it appears that the demand for Moscow’s energy export is resuscitating, albeit in the dark. Predictive intelligence firm Windward has noted that dark activity–ships […]
Dollarama Hikes Prices To $5 To Protect Margins From Soaring Inflation
Long gone are the days when one could buy items for one dollar, let alone four dollars! Popular discount store Dollarama (TSX: DOL) on Wednesday announced during its quarterly results that it too, is no longer immune to the rampant non-transitory inflationary pressures gripping the economy, and will be unveiling additional price points up to […]
White House Considering Tapping Oil Reserves To Address Price Hikes, Looks At Releasing 1 Million Barrels Per Day
US President Joe Biden is expected to announce today the plans to release oil resources from reserves–estimated at 1 million barrels per day for several months. This marks the biggest oil released by the White House since November. The release from the strategic petroleum reserve could total up to 180 million barrels of oil should […]
Auxly Cannabis Sees 2021 Revenue Growth Of 79%, Still EBITDA Negative
Auxly Cannabis (TSX: XLY) was amongst the numerous names that reported their fourth quarter and full year financials this morning. The company saw fourth quarter revenues improve 20.9% on a quarter over quarter basis, while full year revenues improved by 79%. Revenues for the fourth quarter amounted to $29.3 million, an improvement over the third […]
Pure Gold Mining Fails To Hit 2021 Guidance, Sees Cash Dwindle To $6.0 Million
Pure Gold Mining (TSXV: PGM) late last night released its fourth quarter financial results – and the timing of the release tells you pretty well everything you need to know about the results. Despite having achieved commercial production on August 1 last year, the company continues to burn capital as operational results come in nowhere […]
Rockland Resources Intersects 3.6 g/t Gold Over 2.5 Metres At Coles Gold Mine
Rockland Resources (CSE: RKL) this morning reported the results of the small drill program it conducted last year. The program took place at the firms Cole Gold Mines property, found in the Red Lake Region of Ontario. The drill program itself consisted of a total of five holes that consisted of 996 metres in aggregate […]
Sundial Growers Finally Closes Purchase Of Alcanna
Sundial Growers (NASDAQ: SNDL) has finally closed on its much-delayed purchase of retailer Alcanna Inc (TSX: CLIQ). The transaction saw the cannabis firm pay a total of $320 million in cash and shares to acquire the retailer. The transaction is rather significant for Sundial, given Alcanna’s role as one of the largest alcohol retailers in […]
Well Health Posts Q4 Revenues Of $115.7 Million, Positive Net Income
Well Health (TSX: WELL) this morning reported its fourth quarter financial results, posting Q4 revenues of $115.7 million, while barely squeaking out a positive net income figure. The results pointed to continued topline growth for the firm as it looks to continue the buildout of its operation. Revenues for the quarter came in at $115.7 […]
Germany Invokes Emergency Gas Plan Ahead of Russia’s Ruble Demand Deadline
Germany enacted an emergency plan to help brace for natural gas disruptions from Russia ahead of President Vladimir Putin’s deadline for “hostile’ nations to begin paying for shipments in rubles. On Tuesday, Berlin enacted the first part of the three-step emergency plan that includes early warning, alert, and emergency levels in preparation for a substantial […]
Joe Biden Reveals First-Ever Wealth Tax To Solve The US$1.3 Trillion Deficit
US President Joe Biden unveiled his fiscal 2023 budget on Monday that aims to tackle the US$1.3 trillion deficit. But the highlight of the announcement was the plan to impose a “wealth tax” on the top 1%–considered to be the first-ever direct tax on billionaires. In discussing the federal budget he plans to submit to […]