Trulieve Sees Margins Contract, Expenses Climb In Q4 Following Harvest Acquisition
Trulieve Cannabis (CSE: TRUL) reported its fourth quarter and full year financial results for 2021 this morning, posting quarterly revenue of $305.3 million. The company meanwhile posted a net loss for the period, despite the record quarterly sales figure. Revenue improved 36% on a quarter over quarter basis, climbing from $224.1 million in the third […]
Voyager Digital Receives Court Orders From Eight States Against Its Crypto Products
Voyager Digital (TSX: VOYG) appears to be facing significant regulatory issues in the United States as it relates to certain of its product offerings. The firm this morning indicated it has received several cease and desist letters this morning from state regulators to shut down one of its offerings. The demand letters relate to its […]
Ray Dalio Says A New World Order Is Coming As China Poised To Become An Economic Superpower
The world might be heading into a new world order as history points out, according to hedge fund manager Ray Dalio. In a primer video promoting his book Principles for Dealing with the Changing World Order, the former CIO of the world’s largest hedge fund Bridgewater Associates shared how he views the global markets would […]
Joe Rogan Offers Fighting Expertise to Elon Musk in Event of Duel With Putin
Spotify podcast host Joe Rogan offered to help Tesla CEO Elon Musk train for his proposed fight with Russian President Vladimir Putin. Just when you thought things couldn’t get more outrageous, UFC commentator Rogan offered Musk his fighting experience after the billionaire entrepreneur challenged Russia’s president to a “single combat” fight over Moscow’s war in […]
The Rise and Fall of Bridging Finance
This is part two in a series on Gary Ng, Bridging Finance and the web that interconnects them. To read part one, click here. From 2016 through 2020, the yield on the benchmark 10 year US Treasury Note peaked at 3.026%, and averaged somewhere around 2.5%. A low rate environment like that is a lot […]
Axie Infinity Suffers Largest Hack in DeFi History
The Ronin Network, an Ethereum-based sidechain that supports the popular Axie Infinity game created by Sky Mavis announced it suffered what appears to be the largest security exploit in DeFi history. According to a blog post published on Tuesday, Ronin confirmed its project was hacked last week, resulting in the loss of $625 million, which […]
Enthusiast Gaming Plummets After 2021 Earnings Release: $167.4 Million In Revenue, $52.0 Million Net Loss
Enthusiast Gaming (TSX: EGLX) reported on Monday its Q4 and full year 2021 financial results, posting an annual revenue of $167.4 million. This is higher than 2020’s revenue of $73.0 million. However, gross margin declined to 22.6% for the year from last year’s 25.6%. Add to this, operating expenses jumped to $85.3 million coming from $35.5 […]
Real Wage Growth In The US Is Negative – The Daily Dive
Returning to the The Daily Dive today is that of Irene Tunkel, of BCA Research. Irene joins us today to discuss her outlook on inflation, the impact of a potential 50 point rate hike, and the current argument for being in a recession. Also discussed is whether we’ve entered a new bull market, the current […]
Ken Griffin’s Citadel Or Citigroup: NYSE Is Looking Into Who Caused The Unusual Shopify Stock Hike
In an unusual fashion, Shopify (NYSE: SHOP) spiked by more than US$100.00 per share on March 18, closing the trading day at US$780.00. The hike caught the New York Stock Exchange’s attention, who is now investigating to explain what actually happened to have caused the price shock. The two parties involved: market maker Citadel Securities, owned […]
OnlyFans Mulls Public Debut Via SPAC
Adult content website OnlyFans allegedly held talks with several blank check companies as it looks to raise cash and make a public debut. According to sources cited by Axios, OnlyFans contacted several SPACs in an effort to go public, among them being Forest Road Acquisition Corp. II (NYSE: FRXB), which is co-led by previous Walt […]