Canopy Growth Reports Cannabis Segment Impairments Of $1.7 Billion In Q1 2023
Canopy Growth (TSX: WEED) continues to see its role within the Canadian cannabis landscape diminish. The one-time leader of the sector reported its first quarter 2023 earnings this morning for the period ended June 30, effectively outlining its continued decline within the space. Revenues continue to slide at the company, while being propped up in […]
Is SF Fed President Mary Daly That Out Of Touch? Here’s What She Actually Said
In an interview with Reuters on Wednesday, San Francisco Federal Reserve President Mary Daly was asked about how inflation has affected her daily life. Daly responded by saying that in her position, with her “having enough,” she does not feel the pain of inflation anymore. Of course, Twitter ran abuzz with the quote. But, that’s […]
Lucid Vs. Lucid: Electric Vehicle Maker Cuts Production Guidance By Half After Claiming Strong Customer Demand
Lucid Group, Inc. (Nasdaq: LCID) might not be living up to its name when it announced its Q2 2022 financials. The company recorded US$97.3 million in revenue from delivering 679 vehicles during the quarter, up from Q1 2022’s US$57.7 million from delivering 360 vehicles. But what could be considered the highlight of the announcement is the […]
Extending The Life Of Germany’s Nuclear Power Plants “Makes Sense”: Chancellor Olaf Scholz
After months of dillydallying on its nuclear energy policy amidst a looming security crisis, German Chancellor Olaf Scholz said recently that it might “make sense” to extend the life of the country’s last nuclear power plants to contribute to the nation’s energy sources. While the last three nuclear power plants only account for a “small […]
Algeria Expresses Interest in Joining BRICS Group
Algeria, Africa’s largest exporter of natural gas, has become the latest country interested in joining the BRICS group, as an increasing number of nations look towards alternative forms of global governance. Algeria’s president Abdelmadjid Tebboune announced his interest in becoming a BRICS member, joining a number of other powerful nations, including Russia, China, and India. […]
EU Energy Crisis: Spain Orders 27C Limit On Air Conditioning
Spain is the latest European country to mandate temperature setting limits as part of its energy-saving measures, as the region grapples with the scorching heat that’s pushing up energy prices and the increasing pressure to wean itself off of Russian gas amid Moscow’s war in Ukraine. In a decree published Tuesday, the Spanish government has […]
Equinox Gold Posts US$224.6 Million In Revenue, US$78.7 Million Net Loss For Q2 2022
Equinox Gold Corp. (TSX: EQX) reported late on Thursday its financial and operational results for Q2 2022, which highlighted revenue of US$224.6 million. This is a marginal increase from last quarter’s US$223.2 million but a slight decrease from last year’s US$226.2 million. But the company posted a US$78.7 million net loss which is a notable […]
Canopy Growth Sees Consensus Estimates Point To Q1 2023 Revenues Of C$113 Million
Canopy Growth (TSX: WEED will be reporting its fiscal first quarter financial results tomorrow before the market opens. Analysts have a consensus C$5.20 12-month price target on the company, via a total of 16 analysts, with one analyst having a buy rating. Seven analysts meanwhile have hold ratings, five analysts have sell ratings and three […]
IAMGOLD Records US$334.0 Million In Revenue, US$9.6 Million Net Loss In Q2 2022
IAMGOLD Corporation (TSX: IMG) reported on Wednesday its financial results for Q2 2022, highlighting revenue of US$334.0 million. This is a decrease from Q1 2022 revenue of US$356.6 million, but an increase from Q2 2021 revenue of US$265.6 million. The quarterly gross profit slid down to 14.8% from 22.7% in the previous quarter, but rose […]
Rockland Resources Samples 4,810 ppm Beryllium At Lithium Butte
Rockland Resources (CSE: RKL) this morning released fresh assays from its recently acquired Lithium Butte Claystone Property in Utah. Included within the assays were significant concentrations of beryllium, a metal that is frequently used within the defense and aerospace industries. The assays come from grab samples, with the results pointing to values of up to […]