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 […]
Hut 8 Mining: Canaccord Halves Price Target To US$6.00
On May 12th, Hut 8 Mining (TSX: HUT) reported its first quarter financial results. The company saw revenues of $53.3 million, up from $31.98 million a year ago. Of that, their self-mining operations made $49.3 million of revenue on 942 Bitcoins mined during the three months compared to 539 Bitcoins mined last year. The company […]
Arctic Star Sees Diamond Analysis Point To 50% Being Nitrogen Free Type IIa Diamonds
Arctic Star Exploration (TSXV: ADD), a firm focused on exploring for diamonds in the Northwest Territories of Canada, this afternoon released the results of a diamond type study. The study was conducted on diamonds collected from the firms Diagras diamond property last year. The study, conducted by the Saskatchewan Research Council’s diamond laboratory, was conducted […]
Elon Musk Questions Accuracy of Spam Account Data, Speculates Renegotiating Twitter Deal
It appears that Elon Musk might pull the plug on his $44 billion Twitter (NYSE: TWTR) acquisition, after the entrepreneur raised concerns about the social media platform’s accuracy of spam account data. Musk took to twitter to renew his assertion that there are far more than the 5% of fake twitter accounts the social media […]
Canadian School Visionary Education Technology Prices US$17 Million Nasdaq IPO
Private education provider Visionary Education Technology Holdings Group (Nasdaq: VEDU) started trading on the Nasdaq Capital Market today. The Canada-based holdings firm aims to raise US$17 million in its debut on the US big board. The offering consists of 4.25 million common shares at US$4.00 per share, and is expected to close on May 19, […]
Can We Avoid A Recession? – The Daily Dive
For today’s Daily Dive episode, we see the return of Will Rhind, the founder and CEO of GraniteShares. We’re joined by Will today to discuss the topic of rising inflation and the threat of a recession, the impact of ongoing political tensions on the commodities markets, and the banning of wheat exports from India and […]
Terra Stablecoin Issuer Allowed Crypto Whales to Cash Out Ahead of Collapse
It appears that last week’s implosion of the Terra blockchain may not have left all investors holding the bag— the blockchain’s operators allegedly allowed some crypto whales to cash out their holdings ahead of the collapse. According to a series of tweets from the Luna Foundation Guard (LFG), which was responsible for maintaining the reserve […]
Sundial Growers Plummets Following Q1 2022 Financials: $17.6 Million In Revenue, $38.0 Million Net Loss
Sundial Growers Inc. (Nasdaq: SNDL) reported late on Monday its Q1 2022 financial results. The firm recorded quarterly revenue of $17.6 million (including a $0.7 million revenue contribution for the one day during the quarter following the Alcanna acquisition), down from Q4 2021’s $22.7 million but up from Q1 2021’s $9.9 million. But the firm still […]
Riverside Resources Inks US$31 Million Earn-In Agreement To Jumpstart Exploration At La Union Project
Riverside Resources (TSXV: RRI)Â announced today an exploration earn-in option agreement with the Mexican subsidiary of Hochschild Mining for the company’s wholly-owned La Union gold-silver project in Sonora, Mexico. Total consideration for the agreement can reach up to US$31.0 million. “The intention for the program is to initially conduct property wide sampling, improved mapping, and then […]