WeCommerce: Canaccord Drops Target To $10 After Q4 Estimate Miss
WeCommerce (TSXV: WE) reported its fourth quarter and full-year financial results on March 29th, with the company posting quarterly revenues of $12.25 million, up from $6.15 million last year. This was primarily driven by their recurring subscription revenue which grew 229% year over year to $7.35 million for the quarter. Though the company reported an […]
Even Automobile Wire Harnesses Seem to be in Short Supply Due to Russia-Ukraine War
The economic ramifications of Russia’s invasion of Ukraine continue to spread into areas that many investors would not have contemplated. For example, prior to the war, Ukraine companies manufactured around 15% of the wire harnesses used in European automobile production. It is unclear if any of this manufacturing capability is still operational. A wire harness essentially controls […]
JP Morgan CEO On Global Economy: “We Should Prepare For The Potential Negative Outcomes”
Adding to the list of financial stalwarts offering their views on the potential shifts in the global economy is JPMorgan Chase’s Jamie Dimon, albeit in a more sobering way. But while he believes in the strength of US economic leadership, the nation has a lot of catching up to do. In his annual letter to […]
Fossil Fuel Companies Will Be Replaced By Alternative Sources – The Daily Dive
Starting off the week for The Daily Dive this week is David Barse, a returning guest and the founder and CEO of XOUT Capital. We start the interview off by discussing David’s recent Oscar win for the Summer of Soul Movie. The discussion then moves into the markets, addressing whether the Fed has the will […]
Are You Ready For Robot-Made Burgers?
It’s finally happening. Robot-made burgers are now a thing. The RoboBurger launched its first vending machine at the Newport Mall in Jersey City in late March. It’s the world’s first fully autonomous burger robot, and it will make your burger in 6 minutes (at least according to their site), and for only $6.99. It replicates […]
Hemlo Explorers Enters Earn-In Arrangement With Barrick Gold
Hemlo Explorers (TSXV: HMLO) has entered into a major agreement with that of Barrick Gold (TSX: ABX). The two firms this morning entered into a binding term sheet that will see Barrick obtain an earn-in right to a portion of the Pic Project. The arrangement will see Barrick obtain the right to earn into 910 […]
Elon Musk Bought A 9.2% Stake In Twitter, Made US$587 Million With The Price Rally
In a move that apparently no one saw coming, Tesla (Nasdaq: TSLA) CEO Elon Musk bought 73.4 million shares of Twitter (NYSE: TWTR), roughly 9.2% equity, according to an SEC filing dated March 14. After the purchase was made public, the social media giant’s stock rallied pre-market by as much as 25%. This makes Musk, […]
Eguana Tech Secures Up To US$10.0 Million Via Loan Agreement
Eguana Technologies (TSXV: EGT) has obtained some traditional financing, this morning revealing it has entered into a loan agreement with Western Technology Investment. The financing will see the company borrow up to US$10.0 million from the Silicon Valley-based firm. The loan is to consist of two tranches of funding, with each being US$5.0 million in […]
A Bitcoin Dividend? Digihost Aims To Be First Miner To Pay Out Crypto To Shareholders
Evidently bitcoin dividends are becoming a thing. Digihost Technology (TSXV: DGHI) this morning revealed it intends to undertake a new dividend policy as a result of net income beginning to be generated from its operations. Oddly, the dividend is to be paid in cash or bitcoin. Payment of the dividend is to be at the […]
QYOU Media Targets Global Indian Population With Latest Channel Distribution Deal
QYOU Media (TSXV: QYOU) is going global. The firm this morning revealed it has again expanded the distribution of its flagship channel, The Q India, as well as its recently launched Marathi-language channel, The Q Marathi. The expanded distribution however is different from prior distribution deals, in that the latest arrangement is focused on the […]