Swarmio To Conduct Small Non-Brokered Financing
Swarmio Media (CSE: SWRM) last night announced it is looking to slightly boost its cash position. The firm is looking to conduct a $1.0 million private placement, which is reportedly to be led by insiders of the company. The financing is to be conducted on a non-brokered basis, and will see the company sell a […]
Costco Hot Dogs Still $1.50: Meme Account Tweets Fake Headline That Causes Costco Stock Crash
“Memes move markets,” a Twitter user said. It appears that indeed they do as Costco Wholesale Corp. (NASDAQ: COST) stock fell 13% on Wednesday after a fake headline about raising the cost of their hot dog and soda combo by US$1 was picked up by multiple Twitter accounts. It was somewhat unsurprising to see that […]
Xebec: BMO Downgrades, Slashes Price Target As Rising Costs Hit Bottom Line
On May 12, Xebec Adsorption (TSX: XBC) announced its first quarter financial results. The company reported revenues of $41.2 million, up a little over 100% year over year. Though the company only grew its gross margins by 10% to $4.6 million, or a gross margin percentage of 11% compared to 20% during the same period last […]
Elon Musk Loses It (And About US$12 Billion) As Tesla Gets Kicked Off S&P ESG Index
Tesla (NASDAQ: TSLA) shares fell 6.8% on Wednesday, making CEO, and also the world’s wealthiest person, Elon Musk, poorer by about US$12.4 billion. The dip follows S&P’s removal of Tesla from the S&P 500 Environmental, Social, and Corporate Governance (ESG) Index. The electric vehicle maker was removed from the index early in May as part […]
Financial SPAC Cascade Acquisition Looks At Liquidation After Failing To Achieve Business Combination
Special purpose acquisition company Cascade Acquisition Corp. (NYSE: CAS) announced its intention to dissolve and liquidate the firm. This follows after it has failed to consummate an initial business combination within the prescribed period. The blank check firm looks at May 24, 2022 as its last trading day on the New York Stock Exchange. All […]
How Does Gaming Evolve From Here? – The Daily Dive
Today on The Daily Dive, we see the return on Vijai Karthigesu, founder and CEO of Swarmio Media (CSE: SWRM). Vijai joins us this afternoon to discuss the evolution of gaming and esports, the impact of plat to earn games on the gaming industry, and the esports scene in India. Also discussed is the recent […]
After “Record Sales For The Year” Canada Goose Expects Losses Next Quarter
Canada Goose Holdings Inc. (TSX: GOOS) reported today its fiscal Q4 and full-year 2022 financial results ended April 3, 2022. The firm recorded a quarterly revenue of $223.1 million, up from Q4 2021’s $208.8 million. But for fiscal Q1 2023, the company is expecting the topline figure to land between $60 – $65 million. This is […]
Haywood Lowers Equinox Gold’s Price Target Following RDM Mine Suspension
On May 16, Equinox Gold (TSX: EQX) announced that they are temporarily suspending operations at their RDM Mine due to permit delays. The company has said that its permits for the tailing storage facility have been delayed, yet add that they are in active discussions with regulatory authorities. Equinox Gold says that the tailings storage […]
Nutrien Looks To Build The “World’s Largest Clean Ammonia Facility” For $2 Billion
Nutrien Ltd. (TSX: NTR) announced on Wednesday a plan to build what it touts to be the largest clean ammonia facility in the world. The project is estimated to cost $2 billion over a three-year period of construction. “Our commitment to the development and use of both low-carbon and clean ammonia is prominent in our […]
MindMed Reveals Favorable Results From Phase 1 Trial Of Drug Candidate For Opioid Withdrawal Treatment
Mind Medicine Inc. (NEO: MMED), more commonly known as MindMed, announced today the topline results from the phase 1 clinical trial for its opioid withdrawal treatment drug candidate. The drug is said to have shown favorable safety and tolerability among the trial’s subjects. “As there is a major unmet need to address the ongoing and […]