Facedrive To Rebrand Itself As Steer Technologies
Facedrive Inc (TSXV: FD) is apparently looking to start fresh with investors and consumers alike following a disastrous 2021. The firm this morning indicated that it will be changing its name to Steer Technologies. The rebrand is meant to focus on the ESG aspect of the company within its planned styling, as well as its […]
Fire & Flower Indicates Couche-Tard To Increase Ownership Stake To 35%
Fire & Flower (TSX: FAF) is set to see Alimentation Couche-Tard increase its stake in the company. It was indicated this morning that the convenience retailer would be increasing its ownership to slightly over one-third of the firms equity. The expansion in the ownership of Fire & Flower by Couche-Tard is set to occur via […]
Uranium Energy Corp Acquires Additional U3O8, Crosses 5.0 Million Pound Mark For Warehoused Uranium
Uranium Energy Corp (NYSE: UEC) continues to be bullish on the price of uranium. The company this morning announced that it would again be adding to its physical uranium stockpile, this time with a purchase of 400,000 pounds of U3O8. The latest purchase has delivery dates all the way out to December 2025, although the […]
Medipharm Labs Appoints Former Purdue Pharma Exec As CEO
Medipharm Labs (TSX: LABS) continues to suffer from management turnover. The company today announced that its CEO, Bryan Howcroft, will be stepping down for personal reasons effective immediately. Howcroft was in the role for just six months. Taking Howcroft’s place within the company is that of David Piddick, whom Medipharm lists as previously serving as […]
BMO: IAMGOLD’s Review Of Cote Operations Expected To Be Negative
On April 18, BMO Capital Markets lowered their 12-month price target and downgraded IAMGOLD Corporation (TSX: IMG). BMO now has a $2.75 12-month price target, down from $4.00, and has a market perform rating, which was lowered from outperform. BMO says that this downgrade comes after doing a review of their estimates as well as […]
Johnson & Johnson Becomes The First COVID-19 Vaccine Producer To Cut Sales Guidance
Johnson & Johnson (NYSE: JNJ) reported their first quarter results earlier today. The company reported first-quarter sales of $23.43 billion, up 5% year over year, along with net earnings of $5.15 billion and earnings per share of $1.93, both of which were down almost 17% year over year. As a result the company has lowered […]
Elon’s Twitter Takeover “Not About The Money”
Could any serious takeover of Twitter Inc. (NYSE: TWTR) ever be anything but hostile? Last week, noted attention fiend and super-poster Elon Musk was steadily acquiring shares in the world’s foremost microblogging platform, until the company offered him a board seat to knock it off. Since committee meetings and not being allowed to do things […]
Shanghai’s “Closed-Loop” System For Factories May Not Solve Production Problems After All
Officials in Shanghai are under pressure to restart the economy amid the continuing COVID-19 lockdowns in the country’s financial capital. Over the weekend, the city told businesses to work on their resumption plans, and that this would include a “closed-loop management” system where workers would be required to live on site, regularly test for the […]
Is Canada’s Economy Headed for a Recession? Canadian Housing Starts Cool in March
The pace of housing starts across Canada slowed down last month, in what is perhaps a preliminary indicator that the country’s economy could be headed for a slowdown. Latest data from the Canadian Mortgage and Housing Corporation shows the seasonally adjusted rate of housing starts slumped from 250,246 units in February to 246,243 units in […]
Are Bitcoiners the Freedom Fighters of Capital? – The Daily Dive
Starting off the week on The Daily Dive today is Frank Holmes, Executive Chairman of Hive Blockchain (TSXV: HIVE) and CEO of US Global Investors. Frank joins us today to discuss the recent Miami Bitcoin conference in Florida, current developments on regulations on crypto, and the price action of bitcoin since geopolitical events began in […]