Movie Ad Firm National CineMedia Rallies After AMC Bares 6.8% Equity
AMC Entertainment Holdings, Inc. (NYSE: AMC) disclosed on late Tuesday it has acquired a 6.8% equity stake in cinema advertising company National CineMedia (Nasdaq: NCMI). The latter places ads across in-theater networks, including AMC’s, except those in contract with rival Screenvision. Following the news, CineMedia’s shares jumped 31% after-hours, before trading up roughly 12% today. […]
Cresco Labs Posts $214.4 Million In Revenue, $23.7 Million Net Loss In Q1 2022
Cresco Labs (CSE: CL) released its Q1 2022 financials, highlighting a quarterly revenue of $214.4 million. This is a decrease from Q4 2021’s $217.8 million but an increase from Q1 2021’s $178.4 million. “While our 10-state footprint saw a cumulative sequential contraction of 4.5%, we held or took market share in most of our states and […]
Gatekeeper Systems To Install Tech In 170 Buses In Alberta
Gatekeeper Systems (TSXV: GSI) yesterday revealed that they were expanding relationships with two school districts within the province of Alberta. The expansion comes hot off the heels of the firm receiving a $5.1 million purchase order from the Southeastern Pennsylvania Transit Authority. The expanded relationships with see the company build out the school bus fleets […]
Rio Tinto, GMG Announce Partnership To Develop Graphene Aluminium-Ion Battery
Rio Tinto (NYSE: RIO) and Graphene Manufacturing Group (TSXV: GMG) announced today a non-binding agreement to advance the two companies’ energy saving and storage initiatives. “We are excited to be collaborating with Rio Tinto, one of the world’s largest mining companies who are committed to leveraging leading technologies for efficient and low carbon operations,” said […]
Canada Sees April’s CPI Climb To 6.8% While Price Of Food Climbs 9.7%
Inflation in Canada continues to climb, with StatCan this morning reporting that the Canadian consumer price index rose to 6.8% on a year over year basis during the month of April 2022. The figure compares to 6.7% seen for the month of March, indicating consumers are not yet out of the woods when it comes […]
AmmPower Produces First Ammonia From Demonstration Unit
AmmPower Corp (CSE: AMMP) has produced its first ammonia. The company this morning revealed that its first-run of its 50 kilogram per day Independent Ammonia Making Machine, or IAMM, demonstration unit has been successful, with the machine conducting its first run earlier this week. The success marks a major milestone for the company, as it […]
Millennial Precious Metals To Raise $15.0 Million At $0.40
Millennial Precious Metals (TSXV: MPM) is headed to the market to raise further funds. The firm this morning indicated it will be conducting a bought deal offering, to the tune of $15.0 million. The financing will see the issuance of a total of 37.5 million units in an offering lead by Eight Capital. Under the […]
NG Energy Receives Payment For First 15 Days Of Production In Advance
NG Energy (TSXV: GASX) is evidently on the cusp of production getting underway at its Maria Conchita block in Colombia. The firm this morning announced it has received an initial advanced payment for the first 15 days of production from the block. The prepayment comes from that of Energy Transitions SAS ESP, and Plus + […]
Else Nutrition Expects Q2 Revenues To Climb As Much As 38% Due To Baby Food Shortages
Else Nutrition (TSX: BABY) appears to be one of the few beneficiaries of the ongoing baby food crises in the United States. The company this morning substantially improved its guidance for the second quarter as a result of sudden demand amid product shortfalls from its peers. The company is currently anticipating second quarter revenues to […]
Mind Medicine To Raise Up To $100 Million Via ATM Financing
Mind Medicine (NEO: MMED) last night announced that it will be conducting a financing. The company is looking to raise funds via an at-the-market financing, which will be conducted on the Nasdaq Capital markets. The financing will see the company raise up to $100.0 million via the offering, with shares to be sold directly on […]