Ayr Wellness Sees Revenues Stay Flat In First Quarter Of 2022
Revenue across the US cannabis sector continues to be flat at best within first quarter results published by operators. Ayr Wellness (CSE: AYR.A) was the latest such firm to post its first quarter results this morning, posting revenues that were flat relative to the fourth quarter of 2021. Revenue for the quarter came in at […]
Freegold Intersects 1.22 g/t Gold Over 559.9 Metres
Freegold Ventures (TSX: FVL) this morning released further drill results from its 2021 drill program conducted at the Golden Summit Project, which is found near to Fairbanks, Alaska. A total of six drill holes, covering just under 3,600 metres of drilling, were released this morning by the company. Highlights from the program include: GS2119: 0.63 […]
Well Health: Canaccord Slashes Price Target To $6
On May 11th, WELL Health Technologies Corp. (TSX: WELL) reported its first quarter financial results. The company reported revenues of $126.5 million, up from $115.68 million sequentially. Gross profits meanwhile increased to $69.39 million, but as a percentage of revenue, it is flat sequentially at 54.8%. The company’s adjusted EBITDA came in slightly lower quarter […]
Have Democrats Started Rallying Against Elon Musk?
Or are they still doing “everything they can to ignore” him? Barely a week after Tesla CEO Elon Musk tweeted his decision to “vote Republican,” a California Democrat posted about his Senate bid on a platform seemingly built singularly on stopping Tesla (NASDAQ: TSLA) and Musk. Dan O’Dowd, the founder of The Dawn Project and […]
Board Game: Enthusiast Gaming Top Shareholder Calls For “CEO Upgrade,” Firm Asserts Claims Are “Misleading And Baseless”
Enthusiast Gaming (TSX: EGLX) is facing a potential internal power struggle at the upcoming annual general meeting of shareholders on June 29. Greywood Investments, which owns 9.3% equity and is the largest shareholder, has launched a campaign to upgrade the company–starting with its CEO and board. The activist investor has reposited its call for leadership change […]
Walmart To Expand Its Drone Delivery Service To Reach 4 Million Households Across 6 States
Walmart (NYSE: WMT) announced on Tuesday that it will be expanding its drone delivery service network across 6 states this year, making it possible for about 4 million US households to get eligible items delivered within 30 minutes or less. The expansion is a partnership with DroneUp, a drone service startup through which the retail […]
Adam Neumann Is Back To Tokenize Carbon Credits, Raises US$70 Million In Funding
Former WeWork CEO Adam Neumann has risen, and he’s come to tokenize carbon credits. His tech firm Flowcarbon just raised US$70 million in a recent venture capital funding round and the sale of its carbon-backed token. The funding was led by Marc Andreessen and Ben Horowitz’s a16z crypto venture firm and also includes General Catalyst, […]
Maple Leaf CEO: Canadians Face ‘Terrible’ Food Insecurity Amid Rising Income Inequality, Inflation
Despite being an OECD country, it appears that Canada is facing a growing food insecurity problem, that one CEO warns is about to get a lot worse. According to Maple Leaf Foods (TSX: MFI) chief executive Michael McCain, 5.8 million Canadians do not have adequate access to food— a figure that has been steadily climbing […]
Eguana Tech Sees Production Increase To 400 Units Per Month With Omega Facility Commissioning
Eguana Technologies (TSXV: EGT) appears to have sorted out prior production issues related to its supply chain. The company this morning indicated that it has fully commissioned the Omega EMS San Jose production facility for the production of its products. “With demand scaling very quickly we took the decision to expedite the full manufacturing and […]
Stone Gold Reports Copper Mineralization At Copper Road Project
Stone Gold (TSXV: STG) has reportedly encountered copper mineralization within the early stages of its ongoing phase one drill program. Drilling is currently taking place at the firms Copper Road project, found within the Batchewana Bay region of Ontario. The phase one drill program consists of diamond drilling the Breton Breccia, which is found at […]