As Russia Says Goodbye to Big Macs, Resale Prices of Last Products Skyrocket
These days in Russia, if you want to get a Big Mac, you’ll need to go on Avito and pay up to roughly $36. The absolutely ridiculous pricing, of course, is a result of the decision by McDonald’s (NYSE: MCD) to temporarily shutter its operations within the country in objection to the invasion of Ukraine. The […]
China’s Silicon Valley On COVID Lockdown, Apple Supplier Shuts Down
China has placed Shenzhen city and the province of Jilin under strict lockdown following the detection of COVID cases caused by the newest B.A.2 omicron subvariant, dubbed as the “stealth omicron”. Chinese authorities have reportedly recorded 1,337 new COVID cases nationwide on Monday. Jilin, a province in the northeast, recorded a majority of it with […]
Curaleaf: Canccord Slashes Price Target, Anticipates Headwinds For 2022
Earlier this month, Curaleaf Holdings, Inc. (CSE: CURA reported its fourth quarter and full year 2021 results. The company announced that its revenue grew 93% on a year over year basis to $1.2 billion with gross profits of $588 million or a 48.5% margin. Adjusted EBITDA meanwhile grew to $298 million, up 107% year over […]
QYOU Media Sees Strong Revenue Growth Potential From Renewed Distribution Deal
QYOU Media (TSXV: QYOU) continues to enhance its distribution for its flagship linear television channel in India. The company this morning indicated that it was awarded a new distribution agreement with that of DD Free Dish. The new agreement follows an annual auction held by DD Free Dish for its channels. The winning of the […]
Golden Shield Resources Intersects 9.10 g/t Gold Over 50 Metres In Guyana
Golden Shield Resources (CSE: GSRI) this morning put out strong results from the final holes of a recent drill campaign. Drilling was conducted at the firms Marudi Mountain gold project, which is found in southwest Guyana, where the company intersected 9.10 g/t gold over 50 metres. The drill program as a whole consisted of thirteen […]
Bright Minds Moves Into Clinical Development Stage Following Positive Toxicity Results
Drug development continues for the Bright Minds Biosciences (CSE: DRUG) lead product. The firm this morning published positive results from a recent 28-day toxicity study conducted on its novel formulation, BMB-101, which is currently being designed for the treatment of Dravet Syndrome. Conducted by the firms contract research partner ITR Laboratories Canada, the study consisted […]
Hexo Corp Defaults On Secured Convertible Debt, Lender Waives Event Due To Tilray Deal
The inevitable has finally happened. Hexo Corp (TSX: HEXO) this morning formally indicated that it has defaulted on its outstanding senior secured convertible note that was issued in May 2021. Fortunately, the lender has waived the event of default under the note as a result of a recent transaction with Tilray Brands (TSX: TLRY). The […]
Seemingly, Every Commodity is Rallying – Beware the Time When They Peak
Commodities of all kinds are soaring at some of the fastest rates in history as a result of the stringent sanctions that have been applied to Russia’s economy. The prices of oil, European natural gas, wheat, and, to a lesser degree, copper are rising at video game-like speeds. Perhaps even more frightening, for prices to normalize to […]
Argonaut Gold: BMO Lowers Target To $3.25 After Facilitating Bought Deal Financing
On March 3rd, Argonaut Gold (TSX: AR) announced that it has closed a bought deal. The company said it sold 3.91 million Canadian Exploration Expense and 15.87 million Canadian Development Expense shares for gross proceeds of $51.84 million from the flow through financing. As BMO Capital Markets was the lead underwriter, they restricted their coverage […]
Neon Gas Shortage Due To Conflict Could Hit Semiconductor Industry
The repercussions from Russia’s invasion of Ukraine continue to broaden and deepen. The prices of some of the world’s important commodities such as oil, natural gas, fertilizers, nickel, and copper have soared as future production levels of those materials (that the West will still accept from Russia) have come into question. In addition, and somewhat surprisingly, the […]