Sundial Growers Reports $56.1 Million In Revenue, $230.2 Million Net Loss In 2021
After a series of delays, Sundial Growers Inc. (Nasdaq: SNDL) finally reported late on Wednesday night its Q4 and full-year 2021 financial results. The firm recorded annual revenue of $56.1 million, down from 2020’s $60.9 million. Gross profit, however, jumped to a loss of $7.0 million from a loss of $49.9 million a year ago. “2021 […]
Is The Real Estate Bubble About to Burst? US Pending Home Sales Fall for Fifth Consecutive Month
Pending home sales across the US were down for the fifth straight month, signaling that what were historically high market conditions are abating as higher borrowing costs and surging home prices bite into Americans’ pocketbooks. Latest data from the National Association of Realtors shows that pending home sales slumped 1.2% between February and March, and […]
Teladoc Crashes Down 42% Following Dismal Q1 2022 Results
Teladoc Health (NYSE: TDOC) released its Q1 2022 financial results on Wednesday post-closing bell. The timing hinted at unfavorable numbers but the firm surprised the market with the extent of the decline–pulling in $6.67 billion in net loss for the quarter. The bottomline figure is a monumental decline from Q4 2021’s net loss of $428.8 million […]
Nuran Wireless Included In Massive RFP For Middle Eastern Mobile Sites
NuRAN Wireless (CSE: NUR) may have a potentially significant contract on its hands this morning. That is, of course, dependent upon your interpretation of a vague news release issued by the company this morning related to a large request for proposal, or RFP, for mobile sites across the middle east. The release itself, which states […]
Pond Technologies Enters Research Collaboration To Examine Methane Reducing Algae Feed Solutions
Pond Technologies (CSE: POND) has entered into a fresh research agreement. The arrangement, entered into with BioCarbN Inc and a subsidiary of Associated British Foods, will look to examine the potential ability of certain strains of algae to reduce carbon emissions in cattle. Specifically, the research arrangement will see the group of partners examine whether […]
Payfare Lifts 2022 Guidance By 26%
At a time when tech names in public markets are seemingly reporting disastrous first quarter 2022 earnings results, Payfare Inc (TSX: PAY) is apparently looking to stand out in the crowd. The company this morning broke trend from several of its tech peers, increasing its revenue guidance for the first quarter as well as the […]
Sprott Physical Uranium Trust Sees US Listing Denied By SEC
Physical uranium investors were dealt a bit of a blow this evening with the announcement that the Sprott Physical Uranium Trust (TSX: U.UN) would not be listing on a US big board exchange. The listing application has reportedly been denied by the Securities and Exchange Commission. The rejection of the application to list on the […]
Russia Isn’t Playing Games: Poland, Bulgaria Have Gas Supplies Cut for Failing to Pay in Rubles
It turns out Russia was serious about receiving payments for energy shipments in rubles from hostile nations. Now, both Poland and Bulgaria are left with no other choice but to expedite other imports of energy after the Kremlin cut their natural gas shipments. Making an example out of Poland and Bulgaria, Moscow slashed gas supplies […]
General Motors Reports Solid 1Q 2022 Results, An Unusual Development In The Current Market
In a marked departure from the trends and factors which caused the earnings of a variety of companies to disappoint this earnings season, General Motors Company (NYSE: GM) reported solid 1Q 2022 earnings results on April 26. More precisely, the company demonstrated significant pricing power and reasonably good cost controls in the quarter which allowed the company to […]
Saudi Arabia Looks To Purchase 100,000 Electric Vehicles From Lucid
When Tesla CEO Elon Musk made the US$43-billion offer to take over Twitter (NYSE: TWTR), one of the firm’s major shareholders, Saudi Arabian Prince Alwaleed bin Talal, rejected the deal. While he apparently lost that talk, another carmaker is getting a win by securing an undertaking with the Kingdom of Saudi Arabia for a 10-year […]