Cresco Labs: Canaccord Cuts Price Target On Muted Growth, Pricing Challenges
On August 17, Cresco Labs (CSE: CL) reported its second quarter financial results. The company announced revenues grew by $218 million, up 1.8% year over year. Cresco stated that wholesale revenues came in at $95 million, and remained the number 1 “U.S. seller of branded cannabis products with leading share positions in flower, concentrates and […]
Crypto.com Gets Approval To Expand In The UK As Sources Report Another Round Of Layoffs
Cryptocurrency exchange company Crypto.com has received registration approval from the United Kingdom’s financial regulator, the Financial Conduct Authority (FCA). The registration authorizes the company to conduct cryptoasset service in the UK, advancing the firm’s goal to expand in the country where they reportedly already have about 100 employees. In an interview, Crypto.com CEO Kris Marszalek […]
AMC CEO Adam Aron On Cineworld’s Grim Outlook: “We Remain Confident About AMC’s Future”
Following London-listed Cineworld Group’s grim outlook on cinema house attendance, AMC Entertainment Holdings, Inc. (NYSE: AMC) CEO Adam Aron reassured its stakeholders that the American theater chain can withstand the oncoming weak performance at the box office. “At AMC, as we have publicly disclosed previously, the film slate in the third quarter of 2022 is expected […]
Robinhood Falls 6% Following Trading Volume, Active Users Dipping In July
Robinhood Markets, Inc. (Nasdaq: HOOD) announced its operating data for July 2022 last night after the bell. The retail exchange saw its monthly active users decline by 6% month-on-month and 33% year-on-year. The company also saw declines across its traded products, with crypto recording the biggest drop from its year-ago counterpart. The decreases continue the […]
Pond Technologies Appoints Dan O’Connor As COO, Releases Q2 Results
Pond Technologies (TSXV: POND) yesterday announced that it has added bench strength to its management team. The firm has appointed Dan O’Connor as its chief operating officer. Experienced in the integrated controls systems and biofuels industry, O’Connor brings with him experience in scaling and commercializing within emerging industries. O’Connor is also said to have experience […]
Turkish Lira Plummets After Central Bank Cuts Rates AGAIN Despite Surging Hyperinflation
In the banana republic that is Turkey, when Erdogan wants cheap money, he gets cheap money— screw 80% hyperinflation! In a completely opposite move of what every central bank in the world is doing to reduce inflation, the Monetary Policy Committee of the Turkish central bank shocked the entire global financial community once again, lowering […]
Aztec Minerals, Endeavour Silver See Founder And Chair Bradford Cooke Pass Away
Another force to be reckoned with in the Canadian junior markets has passed away. Bradford Cooke, whom was the founder and chairman of Aztec Minerals (TSXV: AZT) as well as Endeavour Silver (TSX: EDR) passed away earlier this week. Cooke’s passing was said to be sudden and unexpected, as per both firms in which he […]
Bed Bath & Beyond Reportedly Taps Kirkland & Ellis To Solve The Highly Leveraged Balance Sheet
Bed Bath & Beyond Inc. (NASDAQ: BBBY) is apparently tapping law firm Kirkland & Ellis to help address the ballooning debt, according to a person familiar with the situation. The retailer is on the spotlight after a seemingly short-run short squeeze this week, ending with a 20-year old being US$110 million richer and Canadian investor […]
BBBY: Ryan Cohen Sells Out Of 11.8% Stake In Bed Bath & Beyond
Well, it appears that Ryan Cohen has indeed sold out of his position in Bed Bath & Beyond (NASDAQ: BBBY), despite having 90 days after filing his Form 144, which we covered yesterday. Cohen sold his stake in the company through RC Ventures, LLC. The stake in question amounted to just under 9.5 million shares, […]
The Diamond Cut: Russia Faces Possible Export Restriction On What Countries Deem As “Conflict Diamonds”
Diamonds are apparently not forever – at least not for Russia’s exports. The United States and other countries are making a move to lobby Moscow’s gems as being “conflict diamonds” to the Kimberley Process, arguing that these exports are financing the country’s costly invasion of Ukraine. Conflict diamonds are called as such–and sometimes “blood diamonds”–because […]