Costco Reports 16.3% Net Sales Growth In Fiscal Q3 2022, Reiterates Hotdog Price Remains At US$1.50
Costco Wholesale (Nasdaq: COST) announced on Thursday its financials for fiscal Q3 2022 ended May 8, 2022. The firm recorded US$51.61 billion in net sales, a jump from Q3 2021’s US$44.38 billion. Adding the revenue contributed by membership fees amounting to US$984 million, the total topline figure came in at US$52.60 billion, beating the street estimate […]
Elevation Gold Records US$13.5 Million In Revenue, US$1.7 Million Net Loss In Q1 2022
Elevation Gold Corp. (TSXV: ELVT) announced on late Thursday its operation and financial results for Q1 2022. The report highlighted a revenue of US$13.5 million, a decline from Q1 2021’s revenue of US$16.4 million. On the other hand, the mining firm was able to produce 6,268 gold ounces during the quarter, down from last year’s […]
FansUnite Posts Q1 Revenues Of $9.7 Million
FansUnite Entertainment (CSE: FANS) this morning reported its first quarter 2022 financial results. Notably, the firm managed to squeeze out positive operating cash flow during the quarter, despite posting a net loss for the period. Revenue for the quarter amounted to $9.7 million, a substantial improvement over the $2.98 million in revenues recognized in the […]
Canopy Growth Posts Q4 2022 Loss Of $578 Million As Revenues Crater
Canopy Growth (TSX: WEED) this morning reported its fourth quarter results for fiscal 2022. Simply put, the company appears to be losing market share at a significant pace, while revenues continue to fall dramatically. Revenues for the fourth quarter came in at $111.8 million, a 25% decline on a year over year basis as per […]
Aurora Cannabis Looks To Raise US$125 Million Via Bought Deal
Some degree of investor demand evidently remains within the Canadian cannabis sector. Aurora Cannabis (TSX: ACB) last night announced that it will be conducting a rather large financing, which is to take the form of a bought deal. The financing will see the company raise gross proceeds of US$125.0 million. Led by Canaccord Genuity and […]
Canopy Growth: Canaccord Reduces Target To $6, Anticipates Further Cost Cutting
Canopy Growth (TSX: WEED) is expected to report its fiscal fourth-quarter financial results tomorrow morning. The company is expected to report revenues of C$129 million. This is down from the C$139 million estimated 3 months ago. Analysts also expect the company’s net income to come in at -C$110 million. For the full year, analysts expect […]
North American Natural Gas Prices Reach Highest Levels in Nearly 14 Years; Unfortunately, No Relief in Sight
The soaring price of oil has garnered headlines for months as key evidence of commodity price and overall inflation. While West Texas Intermediate (WTI) crude oil, currently around US$110 per barrel, certainly has jumped — up around 10% and 67% in the last month and twelve months, respectively — the real energy commodity leader is natural […]
Europeans’ Energy Costs to Account for 4.5% of Income in 2023 as Commodity Prices Soar
Surging natural gas and oil prices are expected to substantially erode at Europeans’ income in the coming years, ultimately prompting governments to take action and even impose windfall taxes on energy providers. A recent note from Citigroup Global Markets seen by Bloomberg estimates that natural gas and power bills could rise from 3.5% of household […]
Healthcare Reimbursement Firm MSP Recovery To Be Taken Public In A US$32.6 Billion SPAC Merger
Health insurance reimbursement platform MSP Recovery (Nasdaq: MSPR) closed its business combination with special purpose acquisition company Lionheart Acquisition Corporation II on Monday. The transaction valued the combined company at an enterprise value of US$32.6 billion. “The closing of this business combination is proof of the confidence in the strength of our business strategy and […]
The State Of The Uranium Market – With John Ciampaglia
Rather than issue an episode of The Daily Dive today, we’re bringing to you a special edition of SmallCapSteve Live!, featuring John Ciampaglia, senior managing director of Sprott Inc, and the CEO of Sprott Asset Management. John sits down with Steve and Jay this afternoon to discuss the current state of the uranium market, including […]