Fire & Flower Plummets After Record 2021 Revenue
Fire & Flower Holdings Corp. (TSX: FAF) released on Tuesday its financial results for the fiscal year ended January 29, 2022. The report highlighted an annual revenue of $175.5 million, an increase from $128.1 million in revenue last year. While the company considers this a record performance, shares saw a sharp decline of 15.79% –trading […]
Archegos Owner Bill Hwang, CFO Arrested For Market Manipulation And Fraud
Close to a year after the US Department of Justice opened an investigation into the collapse of hedge fund Archegos Capital Management, a New York court issued an indictment and ordered the arrest of the fund’s owner Bill Hwang and CFO Patrick Halligan among others. Federal prosecutors filed a complaint against the former top honchos […]
Copper Mountain Mining Shares Drop After A “Difficult” Q1 2022
Copper Mountain Mining (TSX: CMMC) on Tuesday announced its Q1 2022 operational and financial results. The mining firm recorded $93.9 million in revenue compared to Q1 2021’s $162.2 million. The quarterly revenue came from the sale of 13.5 million copper pounds, 5,076 gold ounces, and 60,038 silver ounces. This is a sharp drop from 27.5 […]
Robinhood Lays Off 9% Workforce, Points To “Hyper Growth” Period
After its disappointing Q4 2021 financials, Robinhood Markets, Inc. (Nasdaq: HOOD) announced on Tuesday that it is letting go approximately 9% of its full-time employees. CEO Vlad Tenev shared the company-wide communique related to the announcement. He stressed that while the decision “was necessary,” it wasn’t taken lightly. The firm chief points the rationale for […]
Mako Mining Produces 11,577 Gold Ounces In Q1 2022
Mako Mining (TSXV: MKO) this morning posted its first quarter production results for its San Albino mine in Nicaragua. The company saw a total of 11,577 ounces of gold produced during the quarter. The results mark the third quarter since the company declared commercial production at the mine last July. Production in terms of gold […]
Verano Holdings Reports Q4 2021 Net Income Of $27.2 Million
Verano Holdings (CSE: VRNO) this morning reported its fourth quarter and full year financial results. The results released this morning follow the company last night posted amended financial results for the first three quarters of the year as a result of misstatements related to business combinations. Revenues for the fourth quarter came in at $211.4 […]
Swarmio Media Launches Gaming Platform With Largest Telco In Philippines
Swarmio Media (CSE: SWRM) this morning made a major announcement. The company has seen the launch of its Ember gaming and esports platform in the Philippines, via one of the largest telecom providers in the country. The platform this morning was launched with Globe Telecom, whom serves over 85 million customers in the country via […]
Canopy Growth On Path For Third Straight Year Of Over A Half Billion In Impairments
Canopy Growth (TSX: WEED) is looking to slash its operations as it works towards achieving the elusive goal that is profitability. The firm this evening indicated it will cut up to $150 million in costs over the next twelve to eighteen months as it looks to revamp operations to reach this goal. In terms of […]
Newly-Released Court Docs Show How Elon Musk’s 2018 Deal With Saudi Fund Fell Through
A transcript of Elon Musk’s exchange with Yassir Al-Rumayyan, the managing director of Saudi Arabia’s Public Investment Fund, was included in a 300-page motion that was filed late Friday as part of an ongoing shareholder lawsuit related to Musk’s “funding secured” tweet to take Tesla (NASDAQ: TSLA) private. In the exchange, Musk confronted the PIF […]
Kinross Gold: BMO Lifts Price Target On Chirano Mine Sale
Yesterday, Kinross Gold (TSX: K) announced the sale of its Chirano mine in Ghana. The company said it has sold its 90% interest in the mine for total consideration of $225 million to Asante Gold (CSE: ASE). The terms of the deal are that Kinross will receive $115 million in cash, $50 million in Asante […]