Elon Musk Reports Additional US$7.14 Billion In Commitments Related To Twitter Takeover
In a show of financial might, Tesla CEO Elon Musk filed a report with the Securities and Exchange Commission detailing the fresh batch of equity commitments he was able to secure related to his proposed acquisition of Twitter (NYSE: TWTR). Musk, currently the largest single shareholder with 9.6% equity, outlined 18 equity investors who committed […]
Green Thumb Posts US$242.6 Million In Revenue For Q1 2022
Green Thumb Industries Inc. (CSE: GTII) on Wednesday reported its Q1 2022 financial results, which saw the company post US$242.6 million in revenue. The topline figure is a marginal dip from Q4 2021’s revenue of US$243.6 million but an increase from Q1 2021’s revenue of US$194.4 million. The cannabis firm relayed that the year-on-year revenue […]
NG Energy Expects Production To Begin By Month End At Maria Conchita
It looks like production is finally set to begin for NG Energy (TSXV: GASX). The firm this morning indicated that it anticipates production of natural gas to begin this month at the Maria Conchita block in Colombia. As part of the commencement of production, the company has reached a prepayment arrangement with Energy Transition S.A.S. […]
Shopify Posts US$1.20 Billion In Revenue But Misses Consensus, Announces US$2.1 Billion Acquisition Of Deliverr
Shopify Inc. (TSX: SHOP) reported today its financial results for Q1 2022, generating US$1.20 billion in revenue for the quarter. This is an increase from Q1 2021’s US$988.6 million. Revenue for the quarter consisted of US$334.8 million in subscription solutions revenue, up from US$320.7 million last year, as well as US$858.9 in merchant solutions revenue, […]
Pond Technologies Expects Animal Feed Pilot Plant To Be Online By Year End
Pond Technologies (TSXV: POND) appears to be getting underway with its partnership related to the production of algae-based animal feed ingredients. The firm this morning provided an update related to an arrangement signed back in September with that of Livalta, whom is a subsidiary of Associated British Foods. The aim of the partnership entered between […]
Endeavour Mining Sees Adjusted EBITDA Climb To $398 Million In Q1
Endeavour Mining (TSX: EDV) this morning reported its first quarter financial results. Gold production during the quarter amounted to 357,000 ounces, a decline on a quarter over quarter basis. Total gold production declined from 398,000 ounces in the prior quarter, but was up on a year over year basis from the 313,000 ounces produced in […]
Aztec Minerals Intersects 68.4 Metres Of 0.421 g/t Gold
Aztec Minerals (TSXV: AZT) continues to intersect gold mineralization at the Cervantes property under its phase two reverse circulation drill program. The program, which is now completed, drilled a total of 4,649 metres across 26 holes at the property. Details on a total of four holes were released this morning, three of which came from […]
Cognetivity To Study Use Of Cognitive Tool To Detect Concussions From Sports
Cognetivity Neuroscience (CSE: CGN) is looking to expand the scope of its cognitive testing platform. The company this morning announced that it will be undertaking a new study with Durham University, as well as My Sports Wellbeing. Collectively, the three groups are to work together to determine the ability of the firms cognitive testing platform […]
MicroStrategy: Canaccord Slashes Price Target To $453
Last night MicroStrategy Inc (NASDAQ: MSTR) reported its first-quarter financial results for 2022. The company saw declining year-over-year revenues, with the first quarter revenues being $119.3 million versus $122.9 million last year. The company’s gross profit also dropped year over year to $93.6 million compared to $100.35 million last year. Total operating expenses came in […]
Market Movers: IAMGOLD Sheds 25% On Continued Costing Struggles At Cote Gold Project
IAMGOLD Corp (TSX: IMG) is one of the largest movers in the Canadian markets today, moving down $0.91 to $2.71 per share on over 8.1 million shares in volume. The equity has declined over 26% following the release of their financial results late last night. In terms of financial results, the company posted revenues of […]