Western Digital Yields To Activist Shareholder, Looks At Franchise Split
Western Digital Corporation (Nasdaq: WDC) announced that the firm would be conducting a review of its “strategic alternatives,” including the possible split of its flash memory and traditional hard disk drive franchises. This move follows the clamor of its major activist shareholder Elliott Investment Management to separate the entities. “The Board is aligned in the belief […]
Scotts Miracle-Gro Plummets Following Guidance Cut
The lawn is not safe from the current economic downturn and the grass is definitely not greener for The Scotts Miracle-Gro Company (NYSE: SMG). After a “record” Q2 2022 earnings release, the garden products manufacturer announced today lowering its full-year guidance. As the firm braces for the harsh market effects of inflation, it adjusted its […]
Swarmio: Enabling In-Game Purchases For Consumers – The Daily Dive
Today on The Daily Dive, we sit down with Tesh Kapadia, SVP of Global Sales for Swarmio Media (CSE: SWRM). Tesh sits down with us today to discuss the rising involvement of major brands within the esports category, and the rise of play to earn games. We then transition to a discussion on Swarmio, wherein […]
Biden Administration Unveils $4.3 Billion Plan for Domestic Uranium Production
The Biden administration is urging lawmakers to pass a $4.3 billion plan that would purchase enriched uranium from domestic producers and drastically reduce America’s dependence on Russian imports. According to Bloomberg which cited people familiar with the matter, officials from the Energy Department held discussions with key congressional members to make a case for more […]
Roman Abramovich To Lose UK eSIM Company And Two Jets Valued At US$400 Million
This Russian oligarch is having a bad week. Roman Abramovich continues to feel the burn of the sanctions following Vladimir Putin’s war in Ukraine. This week, the billionaire is set to lose Truphone in the UK, and two of his jets in the US. Truphone, the UK eSIM company partly owned by the Russian oligarch that […]
Shopify Gets Shareholder Nod For 10-For-1 Split, Founder’s Perpetual 40% Voting Power
Shopify Inc. (TSX: SHOP) announced today the results of its annual shareholders’ meeting, which saw the approval of all pending proposals across the board. This includes approving the “founder share”– essentially a trump card 40% voting power that CEO Tobi Lütke gets to keep for as long as he is connected with the company. The […]
Vortex Metals: Exploring For Copper & Gold In Mexico
Vortex Metals Inc. (TSXV: VMS) made its public market debut on May 9, 2022. The firm is an early-stage junior mineral exploration company focused on discovering large mineral deposits in North America. The company owns 100% interest in three highly prospective copper-gold projects in southern Mexico; the Riqueza Marina and the Zaachila projects in the State […]
Gran Tierra Rallies After Already Meeting Its 2022 Throughput Guidance In Q2
Gran Tierra Energy Inc. (TSX: GTE) released Tuesday night some production updates, highlighted by an average production of 30,556 barrels of oil per day (bopd) during Q2 2022. This already meets the lower end of the previously announced 2022 guidance of 30,500 – 32,500 bopd, and an increase from Q1 2022’s 29,362 bopd. As the […]
Neptune Wellness To Exit Cannabis Business, Cut Workforce 50%, And Conduct 35 To 1 Reverse Split
Neptune Wellness (TSX: NEPT) is throwing in the towel on Canadian cannabis. The firm this morning announced that it will be focused on consumer packaged goods on a go-forward basis, and as a result will be divesting of its cannabis operations. The decision to close the operation is a part of a strategic review of […]
Uranium Energy Corp Acquires 25 In-Situ Uranium Properties In Wyoming
Uranium Energy Corp (NYSE: UEC) is looking to capitalize on recent comments made by the Biden Administration related to the purchase of $3.5 billion in domestic uranium. The firm this morning revealed it has conducted a property exchange to grow its US landholdings, while also having certain receivables settled. The company this morning indicated that […]