Aurora Cannabis Tumbles Following Flat Revenues, Wider Net Loss
Aurora Cannabis (TSX: ACB) reported on late Tuesday its financial results for fiscal Q4 2022 ended June 30, 2022. The firm recorded quarterly revenue of $50.2 million, marginally down from Q3 2022’s $50.4 million and down from Q4 2021’s $54.8 million. The firm ended with a net loss of $618.8 million, down from the net loss […]
Estevan Or Elbow Could Be The Site For Saskatchewan’s First-Ever Small Modular Nuclear Reactors, Estimated At $5B Each
Electric utility company SaskPower identified on Monday the shortlisted areas it is looking at and studying to host Saskatchewan’s first potential small modular nuclear reactor site. The Crown corporation has narrowed down the potential sites to the Estevan and Elbow areas. Specifically, there are two sites near Estevan around Boundary Dam and another around the […]
China: Europe Must Adhere to Climate Change Goals Despite Geopolitical Uncertainty
Yes, you read that right: China, the epitome of dirty energy consumption, is urging Europe— which just recently discovered renewable energy isn’t reliable when the sun doesn’t shine, the wind doesn’t blow, and Russia shuts the gas taps off— to not lose focus on its climate change goals despite growing geopolitical uncertainties. According to China, […]
The End Of An Era: Chamath Palihapitiya Winds Down Two SPACs
Chamath Palihapitiya on Tuesday quietly announced on his blog that his firm Social Capital was winding down its two remaining ‘IPO 2.0’ special purpose acquisition companies (SPACs). The filings come shrouded in a somber, sober silence — being low-key isn’t a characteristic typically attached to the so-called ‘SPAC King.’ Palihapitiya was the loudest, most prolific […]
Tether Downplays Court Order To Produce Documents On The Reserves Backing USDT: “Routine Discovery In A Meritless Case”
Tether has been ordered by the court to produce the documents being requested by the plaintiff in an ongoing legal battle, including “those sufficient to establish USDT Reserves.” The decision relates to the ongoing crypto asset litigation case against the stablecoin issuer and crypto exchange Bitfinex. After hearing both sides, the Southern District Court of […]
Toronto’s Falling Home Prices Are Pushing Rent Prices Up
Toronto’s housing market presents a paradox: rents are rapidly rising while home prices and sales are still falling. A report from HouseSigma shows that median rental rates are up almost 22% year on year in August, climbing to $2,800 per month. This is the highest rental rate has ever been in 15 years, based on […]
Putin’s Partial Mobilization Starts With Drafting Detained Protestors, Sending Untrained Men To War
Russia is in a hurry–that is obvious. Defense Minister Sergei Shoigu previously disclosed that the country had lost nearly 6,000 soldiers since the invasion of Ukraine started; US intelligence puts this number at a much higher estimate of 15,000 as of mid-July. President Vladimir Putin upped the ante by announcing a partial military mobilization, aiming […]
Trulieve Receives Georgia Cannabis Production License, Targets Five Dispensaries
Trulieve Cannabis (CSE: TRUL) announced on Wednesday that its subsidiary in the US state of Georgia has secured a Class 1 cannabis production license. The company acquired the license from the Georgia Access to Medical Cannabis Commission, allowing it to offer its portfolio to the state’s growing cannabis market. “Trulieve is thrilled to receive a Georgia […]
Copper Road Resources Strengthens Board With Two Appointments
Copper Road Resources (TSXV: CRD), formerly Stone Gold, this morning announced changes to its board of directors as it continues to explore its property in the Batchewana Bay region of Ontario. Two directors have been added to the firms board, Michael Waring and Matthew Rees. With their appointments, Gerald Riverin and Morgan Quinn have tendered […]
ReconAfrica Enters Definitive Deal To Increase Namibian Kavango Basin Stake By 5%
ReconAfrica (TSXV: RECO) is expanding its ownership in its flagship asset. The company has reportedly met a definitive purchase and sale agreement with Namcor Exploration to acquire a portion of its stake in the Kavango Basin. The arrangement will see ReconAfrica acquire half of Namcor’s 10% stake in the 6.3 million acres of petroleum exploration […]