Cronos Group: Canaccord Reiterates Sell Rating Follow Q4 2021 Results
Yesterday, Cronos Group (TSX: CRON) reported their fourth-quarter and full-year financial results. The company reported revenues of $25.8 million for the quarter, of which $18.8 million came from cannabis flower revenue, $3.8 million came from extracts, and $3.1 million came from their US based CBD business. The company saw its gross margins come in at […]
Honduras Cancels Extraction Permits, Bans Open-Pit Mining
The one-month-old newly elected government of Honduras announced on Monday a mining moratorium on the country. The Central American nation held its general elections in November 2021, which saw former First Lady Xiomara Castro winning as president with 51.12% of the votes. Castro, representing the left-wing political party Libre, ran on socialist rhetoric, which included […]
Investment Firm-Backed SPAC Sound Point Acquisition I Prices Upsized US$225 Million IPO
Special purpose acquisition company Sound Point Acquisition Corp I (Nasdaq: SPCMU) started trading publicly on the Nasdaq Global Market today. The company is seeking to raise US$225 million in its initial public offering. The offering consists of 22.5 million company units, upsize from the previous 20.0 million units, priced at US$10.00 per unit. Each unit […]
Roman Abramovich To Sell Interest In Chelsea FC As Sanctions Close In
It appears that certain Russian oligarchs are starting to feel the impact of recent sanctions. Roman Abramovich, one of the more public facing oligarchs, in particular appears to be getting hit hard by the sudden anti-Russian rhetoric when it comes to those that own significant assets. Well known as the owner of Chelsea FC, an […]
Binance Refuses to Block Russian Access to Crypto
Binance, the world’s largest crypto exchange, said it would only freeze the accounts of sanctioned individuals, despite Ukraine’s request to block addresses of all ordinary Russian citizens. In an interview with Bloomberg on Wednesday, Binance CEO Changpeng Zhao assured that the exchange is fully complying with all international sanctions targeting Russian politicians and oligarchs, but […]
Bank of Canada Hikes Interest Rate for First Time in 4 Years
The Bank of Canada hiked interest rates for the first time in four years in response to persistent inflationary pressures throughout the economy, assuring that borrowing costs will need to continue increasing despite growing geopolitical tensions between Russia and Ukraine. On Wednesday, Canada’s central bank raised the overnight rate by 25 basis points to 0.50% […]
AMC CEO In Q4 2021 Earnings Call: “Retail Investors Own More Than 90% Float”
AMC Entertainment Holdings, Inc. (NYSE: AMC) reported on Tuesday its financial results for Q4 and full-year 2021. The quarterly revenue, as preliminary reported by the firm, came in at US$1.17 billion in revenue, an increase from Q4 2020’s revenue of US$162.5 million. Breaking the quarterly revenue figure, admissions contributed US$666.6 million, food and beverage contributed […]
Biden Calls To Hold Big Tech Accountable For “National Experiment” On Children For Profit
US President Joe Biden called out the big tech giants pertaining to their effect on mental health, especially children. This relates to the released so-called Facebook Papers which essentially said the social media platform’s algorithm gave weight to “maximum engagement over user safety.” In his State of the Union address on Tuesday, Biden included mental […]
Cognetivity Neurosciences Signs Commercial Deal With Dubai Health Authority
Cognetivity Neurosciences (CSE: CGN) continues to expand the deployment of its Integrated Cognitive Assessment, or ICA. The firm this morning announced that it has reached a commercial arrangement with the Dubai Health Authority. The commercial agreement follows a similar deal entered into last month by the company. That transaction saw the firm enter an agreement […]
Eguana Tech Posts Q1 2021 Revenues Of $1.3 Million
Eguana Tech (TSXV: EGT) last night announced its first quarter financial results. Revenues for the quarter came in at $1.3 million, while recording an operating loss of $2.42 million for the period. Revenues were down on a year over year basis from $2.3 million to $1.3 million. The decline in sales for the quarter was […]