Stifel-GMP: SNDL Acquiring Valens “Does Not Come As A Surprise”
On August 22, SNDL Inc (NASDAQ: SNDL) announced that it would be acquiring Valens Company (TSX: VLNS) for total consideration of $138 million in stock, or the equivalent of $1.26 per share. The figure represents roughly a 10% premium to the 30-day volume-weighted average price at the time of announcement, and they expect the deal […]
Dodge Unveils Concept For First-Ever EV And It’s A Loud One
Is it even a muscle car if the engine doesn’t roar? Last Wednesday, the 108-year-old American carmaker unveiled a new concept car, the Dodge Charger Daytona SRT. It’s a preview of what their beloved muscle car enthusiasts can expect as an all-electric performance model replacing the Challenger and Charger, which will both be discontinued after […]
Market Movers: Trillion Energy Continues To Climb As Drill Program Nears
Trillion Energy International (CSE: TCF) has been an outlier over the course of the last month when it comes to capital markets. While markets in general have floundered, the up and coming oil and gas play has been a significant market mover, climbing off lows of $0.18 hit on July 18 to that of highs […]
Bitcoin Depot To Be Taken Public In A US$885 Million SPAC Merger Deal By Q1 2023
Crypto ATMs operator Bitcoin Depot is looking to debut on the Nasdaq through a business combination with special purpose acquisition company GSR II Meteora Acquisition Corp (Nasdaq: GSRM). The transaction values the combined company with an equity value of approximately US$885 million and an enterprise value of US$755 million “Our combination with Gesher and access to […]
Bank of America: Stock Rebound is Only a ‘Textbook’ Bear Market Rally, Further Declines Likely to Come
Although stocks have strongly rebounded from the lows witnessed earlier this summer as investors became hopeful of an inflation slowdown and subsequent taming of Fed monetary policy, the recent rally is not here to stay, and stocks will once again slump to new lows. According to Bank of America chief investment strategist Michael Hartnett, the […]
Citi Bank: UK Inflation Will Hit 18.6% in 2023 and Rising Interest Rates Likely Won’t Help
The outlook for the UK’s economy is becoming increasingly more bleak. A recent study conducted by Citi Bank suggests that the country’s consumers will face inflation rates upwards of 18.6% come early 2023, as energy prices skyrocket to astronomical levels and the central bank’s interest rate hikes will do little to help. UK households faced […]
Nevada Copper Secures US$93 Million Financing Package To Restart Pumpkin Hollow Copper Mine
Nevada Copper Corp. (TSX: NCU) announced late on Thursday that it has agreed to non-binding terms with its key financing partners for US$93 million liquidity. The financing package is expected to be used on the restart and ramp-up of the Pumpkin Hollow copper mine, which was halted due to lack of funds. “I am very […]
The White House Calls Out GOP Student Loan Critics For Being Hypocrites—But Is Biden’s Plan Actually Enough?
In a series of tweets on Thursday, the White House blasted Rep. Marjorie Taylor Greene (R-Ga.) and other GOP members for criticizing President Joe Biden’s student loan debt plan when they themselves have had Paycheck Protection Program loans forgiven. The tweet about Greene featured a video of her in an interview on Newsmax where she […]
Peloton CEO Defends Disappointing Fiscal Q4 2022 Financials: “It’s Like A Cargo Ship… We’ve Sounded The Alarm”
Peloton Interactive (Nasdaq: PTON) fell 18% on Thursday after the firm reported its fiscal Q4 2022 financials. The results highlighted a quarterly revenue of US$678.7 million, down from Q3 2022’s US$964.3 million and Q4 2021’s US$936.9 million. However, for newly installed CEO Barry McCarthy, the financials “will be a function of where you sit.” “The naysayers […]
Cboe Global Markets In Talks With Robinhood As Potential Equity Partner For Recently Acquired Digital Exchange
Cboe Global Markets, Inc. (Cboe: CBOE) said on Thursday that it has been talking with market players as potential equity partner for its recently acquired digital asset exchange ErisX, later to be renamed Cboe Digital. Among the firm’s options in the crypto space is Robinhood Markets, Inc. (Nasdaq: HOOD). The stock exchange operator’s acquisition of […]