Canopy Growth Sees Canaccord Cut Price Target To Just $4.50 After Terrible Q4 Results
On May 27, Canopy Growth (TSX: WEED) reported its fiscal fourth-quarter financial results for the period ending March 31, 2022. The company reported net revenues of $111.8 million, down 25% year over year. While its fourth-quarter gross margin percentage was (142%) and its adjusted gross margins came in at (32%). Lastly, the company saw its […]
Creampie Surprise: How Did The Cake Incident Affect the Mona Lisa’s Value?
A covert attack mounted by a not-very-well-disguised assailant has shocked the art world, and given history’s most famous smile a very sudden, very messy facial. An official statement from the Louvre reports that the protective glass that surrounds the Mona Lisa bore all of the impact, and that the painting remains unharmed, but the high […]
Lululemon: BMO Cuts Target To $304 Following Q1 Beat Due To Inflationary Pressures
On Thursday, Lululemon Athletica Inc. (Nasdaq: LULU) reported its first-quarter financial results for 2022. The company saw its revenues grow 32% to $1.6 billion, marking Lululemon’s fastest-growing revenue quarter in 9 months. The company saw its cost of revenue grow 41% to $745.27 million, indicating the company is dealing with rising inflation. This puts the […]
Arctic Star Exploration: Drilling For Diamonds In The Northwest Territories
Arctic Star Exploration (TSXV: ADD) is a Vancouver-based junior mineral exploration company that is actively exploring for diamonds in Canada’s far north as well as within Finland. Less than two months ago, the firm announced that it had commenced drilling on its flagship Diagras Diamond Project in the Northwest Territories, the results of which are […]
Aurania Jones And Ecuador’s “Lost City” Of Gold (Just Not On Its Block)
Like lifted from a movie plot, gold explorer Aurania Resources Ltd. (TSXV: ARU) announced on Tuesday that the company has found the “lost city” of Logroño de los Caballeros in Ecuador–one of the country’s supposed ancient gold mines that were “lost” over time. “More than four hundred years have passed since Spanish activity at Logroño […]
Well Health, Hut 8 Mining Removed From S&P/TSX Composite In Favor Of Energy Firms
In the words of Bob Dylan, the times they are a-changin’. It appears that Canadian equities are going through a renaissance with respect to the oil and gas sector. Last night, the latest changes to the S&P/TSX Composite Index were announced, with the majority of additions to the space being in the energy sector, while […]
GameStop Maintains Crypto Plans Despite NFT Market Falling Apart
Consistent with its recent pattern, GameStop Corp. (NYSE: GME) reported disappointing quarterly earnings on June 1 after the regular market close. Specifically, the company recorded US$1.38 billion of revenue and an operating cash flow deficit of US$304 million in the quarter ended April 30, 2022. These results bring its operating cash flow loss for the twelve months ended April […]
Australia’s Government Proposes Hiking Wages to Fight Inflation
In wake of surging consumer inflation and energy prices, Australia’s government is proposing to raise minimum wages in a bid to ease the financial burden on households. Australia’s left-leaning Labour government is advocating for raising the current minimum wage of $14.77, sending an application to the Fair Work Commission, the country’s independent wage setting body. […]
Was The SEC’s “Investomania” Campaign A Bad Investment?
The Securities and Exchange Commission’s Office of Investor Education and Advocacy recently launched a public service campaign featuring a game show-themed series of short videos. “We continue to look for creative and memorable ways to reach and educate investors, and we hope this year’s public service campaign, with its lighthearted approach, will attract the attention […]
SEC To Change Rules Around Paper Filings
The US Securities and Exchange Commission is seemingly stepping further into the digital age. The agency this afternoon announced that it is doing away with paper filings for certain forms, and requiring such forms to be filed electronically with Edgar. The changes are being conducted as a means of promoting “efficiency, transparency and operation resiliency.” […]