Are We In The Middle Of A Food Crisis? – The Daily Dive
For the final episode this week on The Daily Dive, we welcome back Peter Grandich, CEO of Petergrandich.com. Peter joins us this week to discuss the impact of China’s lockdowns on global markets, the potential for a global foo crises, and whether rate hikes can tame inflation. Also discussed is zinc inventories at the LME […]
Lion Electric Pitches To Assist School Districts In Securing Funding From The US$5 Billion Federal Electric Bus Program
The Lion Electric Company (TSX: LEV) announced on Thursday that it is preparing to assist eligible school districts in securing their funding under the U.S. Environmental Protection Agency’s US$5-billion Clean School Bus Program. The first tranche worth US$500 million in funding is slated to be awarded this year. Priority districts are eligible to receive up to US$375,000 […]
Robinhood Plummets 10% After Q1 2022 Financials Show Decline In Revenue, Active Users
Robinhood Markets, Inc. (Nasdaq: HOOD) released on Thursday its Q1 2022 financial results. The company posted US$299 million in revenue, a decline from Q4 2021’s US$362.7 million and Q1 2021’s revenue of US$522 million. This is also far from the company’s expected US$340 million announced in the previous quarter. The firm also recorded a year-on-year […]
Amazon Slides Down 9% After Lackluster Q1 2022 Financials, First Net Loss In 7 Years
Amazon.com, Inc. (Nasdaq: AMZN) reported on Thursday post-closing its financial results for Q1 2022. The company recorded US$116.44 billion in net sales, a decrease from Q4 2021’s US$137.41 billion but an increase from Q1 2021’s US$108.52 billion. After the firm released its financials post-closing, shares dropped by 9% in pre-market trading. “The pandemic and subsequent […]
Elon Musk Unloads Further $4.5 Billion In Tesla Shares
As we had deduced yesterday following Twitter commentary from Tesla Inc (NASDAQ: TSLA) CEO Elon Musk, Musk has sold further shares of Tesla. The CEO this morning filed a total of three Form 4’s with the US Securities and Exchange Commission. The revelation follows the news yesterday that Musk had unloaded $3.99 billion worth of […]
Hexo Corp Replaces CEO After Six Months, Appoints New CFO
Hexo Corp (TSX: HEXO) continues to see members of its management team jump ship as it struggles to right size its operations. After announcing just days ago that it would be shuttering another facility, the company has now replaced both its CEO and CFO. Scott Cooper has left the company after a short stint as […]
Eldorado Gold Posts $316.8 Million Loss In First Quarter
Eldorado Gold (TSX: ELD) last night filed its first quarter financial results, which follows the previous release of production results for the quarter. The company managed to generate a total of $194.7 million in gross revenue for the quarter, off the back of 94,471 gold ounces sold. Revenues for the quarter declined on a year […]
Fire & Flower Sees Couche-Tard Exercise $37.8 Million Worth of Warrants
Fire & Flower Holdings (TSX: FAF) has seen Alimentation Couche-Tard (TSX: ATD.b) up its stake in the firm. As previously announced, the convenience store retailer has exercised certain warrants it held in the company, increasing its stake to 35.32%. The transaction specifically saw Couche-Tard exercise 8.3 million Series B warrants it held in the company, […]
Field Trip Health To Divide Into Two Separate Firms
Field Trip Health (TSX: FTRP) is set to be split into two separate firms. The company last night indicated that its board has approved an arrangement whereby the firms current operations will split into two separate public companies, one of which is focused on health clinics while the other is focused on next generation drug […]
Elon Musk Unloads $3.99 Billion Worth of Tesla Shares In Two Days
Elon Musk is evidently in need of some liquidity. The Tesla (NASDAQ: TSLA) CEO this evening filed a total of five Form 4’s with the Securities and Exchange Commission, indicating he has been unloading his take in Tesla for the last two days via his personal trust, and is evidently the reason behind the equity […]