Odd Burger To Open 36 Locations In Western Canada – Over The Next 7 Years
On the same day that The Very Good Food Co (TSXV: VERY) announced it is cutting production and headcount as a result of a lack of demand for plant-based products, Odd Burger Corp (TSXV: ODD), a vegan fast-food chain, announced a significant expansion. The firm this morning revealed that it intends to open 36 new […]
Very Good Food Co Slashes Production, Staff, As Growth Fails To Materialize
Evidently the plant-based food market is not as big as it was believed to be after all. This morning, The Very Good Food Company (TSXV: VERY) announced that it would be cutting production as well as its headcount as it looks to maintain inventory levels. Production cuts by the company are said to be “temporary” […]
Endeavour Silver Announces Financing To Fund Pitarrilla Project Purchase
Endeavour Silver (TSX: EDR) is looking to raise funds. The firm last night after the close of markets announced that it had entered an arrangement with BMO Capital Markets and PI Financial for a bought deal financing. The financing will see the company raise gross proceeds of US$40.0 million via the sale of common shares. […]
Was AMC’s Hycroft Investment Leaked Prior To Announcement?
“The tale of the tape,” is a common phrase in the investing world. In simple terms, it refers to the price and volume action of a certain equity over a period of time, as a measure of how a certain event, or lackthereof, may be perceived. When it comes to Hycroft Mining (NASDAQ: HYMC), the […]
Russian TV Employee Interrupts State Media Broadcast with “Stop the War” Protest
A state-run television employee interrupted a live broadcast of Russia’s most popular news program on Monday evening. The woman, identified as Marina Ovsyannikova, yelled “Stop the war! No to war!” while holding up a sign that said “Don’t believe the propaganda. They’re lying to you here.” Ovsyannikova was an editor for Channel One, a state-run […]
Lucid Group Slices 2022 Production Forecast By 30%-40%
Lucid Group, Inc. (NASDAQ: LCID) recently reported 4Q 2021 and full year earnings results. Given the company’s start-up status, its 4Q 2021 reported revenue of US$26 million and adjusted EBITDA loss of US$300 million are not the drivers of the stock. Instead, the company’s ability to produce its electric vehicles with efficiency and its guidance on future production […]
Caught Between a Rock and a Hard Place: India Mulls Importing Russian Gas Despite Ukraine Crisis
As the list of countries denouncing Russian President Vladimir Putin’s military mission in Ukraine continues to grow, India faces an uncomfortable crossroad: will the country forego its historic military reliance on Russia in exchange for cozier relations with the US, or boost cheap crude supplies from the post-Soviet nation? As major countries around the world […]
US Mint Cancels 2022 Morgan and Peace Dollars Due to Silver Shortage
The US Mint has been forced to cancel production of its Morgan and Peace dollars planned for this year, due to pandemic-related material shortages. The US Mint on Monday announced it will be pausing planned production and sales of the 2022 Morgan and Peace dollars, due to a lack of available silver blanks from its […]
Medical Cannabis Firm Akanda Prices US$16 Million IPO
International medical cannabis firm Akanda Corp. (Nasdaq: AKAN) goes public today on the Nasdaq Capital Market. The firm priced its initial public offering, targeting to raise US$16.0 million. The offering will consist of 4.0 million common shares priced at US$4.00 per share. The shares are expected to trade on the Nasdaq big board under the […]
Cardinal Energy Ends 2021 With $445.1 Million In Revenue, Opens To A 14% Share Price Drop
Cardinal Energy Ltd. (TSX: CJ) released on Monday its Q4 and full-year 2021 financial results, which saw the company post $445.1 million in revenue. This is an increase from 2020’s revenue of $223.2 million. On the production side, the energy firm’s average production for the year came in at 19,090 boe per day with an […]