Skyharbour Options 51% Stake In Rio Tinto Uranium Property
Rio Tinto appears to be rather uninterested in the Athabasca Basin. It was announced this morning that Skyharbour Resources (TSXV: SYH) would be acquiring an initial 51% stake in the firms Russell Lake Uranium Project, via an arrangement consisting of cash and shares. The Russell Lake Uranium Project is located in a key region of […]
Digihost Technology Announces Share Buyback Program Two Months After Launching At The Market Financing
Digihost Technologies (TSXV: DGHI) doesn’t seem to know whether its coming or going. The firm this morning announced it has been approved to conduct a share buyback program, two months after it announced an at-the-market financing. The normal course issuer bid will see the company permitted to repurchase up to 1.22 million of its subordinate […]
Max Resource Closes On $15.3 Million Financing
Max Resource Corp (TSXV: MAX) is now cashed up and ready to drill test its flagship Cesar copper-silver project in Colombia. The firm this morning announced that it has closed a major financing. The financing saw the company raise total gross proceeds of $15.3 million via a non-brokered private placement. The offering saw units sold […]
Biden Administration Eases Venezuelan Energy Sanctions in Effort to Boost Oil Supply
The White House is moving ahead with easing sanctions on Venezuela’s government, in a bid to boost the global oil supply after slapping Russia with restrictions on its crude exports. With oil persistently sitting above $100 per barrel since Russia’s military operation in Ukraine and the West’s subsequent condemnation of Moscow, the Biden administration is […]
Sundial: Canaccord Drops Target To $0.50 Following Q1 Results
On Monday, Sundial Growers Inc. (Nasdaq: SNDL) reported its first quarter financial results. The company announced that revenues for the quarter totaled $17.6 million, down slightly from the $18 million it reported last quarter. On the segments, the company recorded $8.77 million in revenue from cultivation while its retail segment reported $7.5 million, and its […]
Target Missing Targets: Shares Slump 25% Following Q1 2022 Financials
Target Corporation (NYSE: TGT) became the latest casualty of accelerating inflation taking a toll on the economy. The grocery chain reported its financials for fiscal Q1 2022 ended April 30, 2022, highlighting a revenue of US$25.17 billion, a marginal increase from Q1 2021’s US$24.20 billion. While the quarterly topline figure beat the US$24.37 billion street […]
Bank of England Admits It Is Helpless in Taming Inflation, Warns of ‘Apocalyptic’ Global Food Shortages
The Bank of England has finally thrown in the towel, admitting defeat in curbing out-of-control inflation that only became exasperated by the conflict in Ukraine. The central bank’s governor Andrew Bailey revealed his team of policy makers are “helpless” in taming surging price pressures, as skyrocketing food and energy costs driven by geopolitical events and […]
Uber Adjusts (For Investors)
Last week, this space covered a first quarter earnings report from Uber Inc. (NYSE: UBER) that was a major disappointment to a market that is no longer interested in the growth story that built Uber to a peak market cap of $80 billion. CEO Dana Khosrowshahi isn’t ready to admit to being a Deep Dive […]
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 […]