Curaleaf Sees CFO Ranjan Kalia Leave Company After Eight Months On The Job
Curaleaf Holdings (CSE: CURA) is down a chief financial officer after just a few short months. The first late last night announced that CFO Ranjan Kalia would be leaving the company “to pursue other opportunities.” The departure is effective immediately, with chief operating officer Neil Davidson, whom previously served in the role from 2019 to […]
Rivian Price Increases Met With Contempt From Reservation Holders
Early this month, Rivian Automotive, Inc. (NASDAQ), a highly valued start-up electric vehicle (EV) OEM, decided to combat the significant inflationary and supply chain pressures it is facing with an extraordinarily unpopular move among its customers. It imposed 17%-20% price increases on its flagship vehicles, the R1T electric pickup truck and the R1S electric SUV. These increases […]
Green Thumb: Stifel Cuts Price Target To $73
Green Thumb Industries (CSE: GTII) reported its fourth-quarter and full-year financial results earlier this month. The company saw its revenues grow 60.5% year over year to $893.6 million while full-year earnings per share almost 5x to $0.34 per share, or a net income of $75.4 million. This is after paying $124.6 million in taxes for […]
President Biden’s Executive Order on Cryptocurrencies Holds Risk for Bitcoin Miners
On March 9, U.S. President Joe Biden signed an executive order which calls for the U.S. to begin to regulate digital currencies, the most prominent of which are Bitcoin and Ethereum. The order lacks specifics on many matters, but it does contain details regarding the environmental costs of crypto mining that could negatively affect Bitcoin mining […]
Karora Resources Posts $264.2 Million In Revenue For 2021
Karora Resources Inc. (TSX: KRR) announced this morning its financial results for Q4 and full-year 2021. The firm recorded an annual revenue of $264.2 million, up from last year’s $239.1 million. The announcement also reiterated the annual gold production of 112,814 ounces, up from last year’s 99,249 ounces. Gold sold for the year came in […]
Czech Cyanide Company Cuts Europe Production Amid Surging Natural Gas Prices
Draslovka, the world’s largest producer of sodium cyanide, has no choice but to slash output in Europe due to astronomically high energy prices. The Czech-based maker of cyanide, a key chemical needed for the extraction of gold and silver from ore, told the Financial Times it was forced to halt European production due to surging […]
Is Gold About To Get Volatile? – The Daily Dive
Starting off the week for the Daily Dive today is that of David Erfle of JuniorMiningJunky.com. David sits down with us today to discuss the latest hot print for the consumer price index, his expectations from the Fed this week, and his view on the potential for quantitative tightening. Also discussed is the impact of […]
EU Nixes Proof-Of-Work Crypto Ban
The European Union’s parliament voted on Monday against a proposal to limit the use of proof-of-work cryptocurrencies. The union’s Committee on Economic and Monetary Affairs voted 24-32, effectively thumbing down passing the initiative. The proposal was part of the Markets in Crypto Assets (MiCA) framework aimed at regulating the region’s cryptocurrency industry. Many crypto assets […]
Elon Musk Challenges Vladimir Putin To A Duel For Ukraine
Elon Musk is not done “lending a helping hand” to Ukraine. Earlier today, things took an unusual turn as the billionaire tweeted a challenge addressed to Russian President Vladimir Putin, asking for a “single combat,” with the “stakes” being Ukraine. He followed this up with a tweet tagging the Kremlin, asking “do you agree to […]
Apparently, Jim Cramer’s Wife Eats Wendy’s Baconators A Lot
How many Baconators does Jim Cramer’s wife eat? Apparently, a lot. The answer to the question we didn’t realize needed asking was shown in a hypercut video by HBO’s Last Week Tonight With John Oliver on Sunday. The video stitched all the many times on video that the Mad Money host mentioned that his wife […]