MindMed Declares US$17.0 Million Net Loss, US$105.7 Million Cash Balance For Q2 2022
Mind Medicine Inc. (NEO: MMED), more commonly known as MindMed, announced on Thursday its financial results for Q2 2022. The biotech company ended the quarter with an incurred net loss of US$17.0 million compared to a loss of US$45.3 million in Q2 2021. The quarter’s net loss translates to US$0.04 loss per share. This came […]
Downtown Toronto Turns to Chaos Amid Power Outage
Toronto’s downtown core suffered a major power outage on Thursday, prompting city officials to shut down streets and businesses. According to news outlet CP24, the sudden power outage has “affected several buildings, including the Eaton Centre and Toronto Police Headquarters as well as several towers in the Financial District. The many large advertising screens at […]
Trulieve Sees Consensus Price Target Tumble After Cutting Guidance
Trulieve Cannabis (CSE: TRUL) reported its second quarter financial results on Wednesday. The company announced revenues came in flat sequentially to $320.3 million. They note that retail revenues grew 3% to $298.6 million while they saw a 22% sequential decline in wholesale, licensing, and other revenues to $21.7 million. The company’s gross profits came in […]
Coinbase Suggests 3Q 2022 Results Will Be Weak, Investors Shrug
Coinbase Global, Inc.’s (NASDAQ: COIN) released weak 2Q 2022 earnings results earlier this week. A dramatic decline in cryptocurrency prices caused corresponding sharp falls in trading volume, customer assets on Coinbase’s platform, and adjusted EBITDA. Indeed, the company’s adjusted EBITDA fell to a loss of US$151 million from positive US$20 million in 1Q 2022, and positive US$1.205 billion […]
A Third Of The Japanese Population Is Now 65 Years Old Or Older
Japan’s labor force continues to shrink as the country’s population drops at a record pace this year. People 65 years old or older now make up 29% of the country’s entire population, the highest percentage since they began tracking in 1994. Except for Okinawa, all 47 prefectures recorded a decline in population. The total number […]
YouTuber Gets Clobbered On Twitter For Suggesting To Sell AMC Preferred Equity
The latest tea in the APE community has seen YouTube stock and crypto vlogger Matt Kohrs clobbered on Twitter after his recent post did not sit well with AMC Entertainment Holdings, Inc. (NYSE: AMC) investors. Pertaining to the recently announced brand new securities class AMC Preferred Equity or APE, Kohrs asked if it was “smarter […]
Doug Casey: The Bond Market Is The Worst Place To Be
Joining SteveCapSteve today is Doug Casey, a world-renowned resource speaker, New York Times best-selling author, and founder of Casey Research. In today’s episode, Doug dives into the current federal debt, the latest CPI print, where he thinks the inflation rate is headed, and the future of the US dollar as a global reserve currency. Doug […]
Is North Korea Offering To Send 100,000 ‘Volunteers’ To Help Russia In Ukraine?
According to Russian state TV and the outlets that picked up the news in the past few days, reports say that North Korea, a close ally of the Kremlin, is prepared to send an army of 100,000 “volunteer soldiers” to help Russia fight its war in Ukraine. Igor Korotchenko, the pundit who made the announcement, […]
Galaxy Digital: BMO Cuts Price Target To $16 After Crypto Crash
On Monday, Galaxy Digital Holdings Ltd. (TSX: GLXY) reported its second quarter financial results. The company announced that its net comprehensive losses came in at $554.7 million for the quarter compared to a loss of $182.9 million last year during the same period. Galaxy said the elevated losses came from unrealized losses on their digital […]
Michael Burry Predicts Bleak Days Ahead, Fears The Fed Might Slash Interest Rates Too Soon
Michael Burry, the investor of “The Big Short” fame, has been in a dark mood lately, cautioning people about silliness and calling for a bloodbath. He’s also uncharacteristically decided to keep some of his tweets for longer — but this isn’t about those tweets. In recent months, the investor has been predicting a bleak near-term […]