Acreage Holdings Posts Negative Gross Margins In Q1 2024
Canopy Growth (TSX: WEED) is about to take on a headache with its acquisition of Acreage Holdings (CSE: ACRG.A.U), whom this morning reported its first quarter 2024 financial results. The multi state operator reported negative gross margins on consolidated revenue of $45.3 million for the quarter, with revenue declining 19% on a year over year […]
Canada Jetlines Sees CEO Resign, Board Chair To Assume Role On Temporary Basis
Canada Jetlines (CBOE: CJET) has seen its chief executive officer hand in his resignation notice. Eddy Doyle, CEO of Jetlines since January 2021, has elected to retire after three and a half years on the job. Doyle will remain in the role until June 30, 2024, after which current chair of the board, Brigitte Goersch, […]
Sassy Gold Walks Away From US$8.4 Million Purchase Of Uranium Assets
Sassy Gold (CSE: SASY) has walked away from a large transaction that would have seen the company enter into the uranium sector. The firm was set to acquire a total of fifteen uranium properties across Colorado and Utah, found within the Colorado Plateau. The company has said it is walking away due to “a number […]
OpenAI Board Found Out About the Launch of ChatGPT on Twitter
Former OpenAI board member Helen Toner revealed that the board was not informed about the company’s launch of its chatbot, ChatGPT, in November 2022, she recently revealed in a TED AI podcast. Toner and other board members instead discovered the launch on Twitter, which ultimately led to the firing of Chief Executive Officer Sam Altman […]
Trump Becomes First U.S. President Convicted Of A Crime Amidst 2016 Election Scandal
In an unprecedented development, former US President Donald Trump was found guilty on Thursday by a New York jury of falsifying business records to conceal a hush money payment made to silence a porn star ahead of the 2016 presidential election. The verdict, delivered after two days of deliberations, marks Trump as the first U.S. […]
North Korea Sends Balloons Filled with Garbage and Poop to South Korea
North Korea sent hundreds of balloons carrying trash, excrement, and other waste materials across the heavily fortified border into South Korea on Wednesday. The North Korean government claimed these balloons were “gifts of sincerity” in retaliation for South Korean activists regularly sending anti-Pyongyang leaflets, food, medicine, and USB sticks loaded with K-pop music videos into […]
Trump Awaits Jury On Hush Money Scandal, Supporter Warns He “Needs To Get Out Right Now”
As the jury in former US President Donald Trump’s criminal trial in New York resumes deliberations, public reactions are intensifying across social media and news platforms. The trial, which involves 34 counts of falsifying business records related to hush money payments, has sparked significant discourse among commentators, politicians, and the general public. Social media platforms […]
US Moves Again To Boost Local Nuclear Industry
The Biden administration has announced steps to bolster the domestic nuclear industry and advance America’s clean energy future. As part of these efforts, the administration is hosting a White House Summit on Domestic Nuclear Deployment, emphasizing the critical role of nuclear power in achieving a carbon-free electricity sector by 2035. Nuclear power, currently the largest […]
Canadians Moving To US Hits Decade High: “With Trudeau, I Have To Get Out Of Here”
Tens of thousands of Canadians are emigrating from Canada to the United States, reaching levels not seen in over a decade, according to data compiled by CBC News. This surge reflects a variety of motivations, from economic opportunities to political discontent under Prime Minister Justin Trudeau’s leadership. The American Community Survey (ACS), conducted by the […]
RBC Tops Q2 2024 Estimates, Hikes Dividend, Announces 30-Million Share Repurchase Plan
The Royal Bank of Canada (TSX: RY) has surpassed analysts’ expectations for its fiscal second quarter, driven by robust gains in its capital-markets division and lower-than-anticipated provisions for potential loan losses. RBC reported adjusted earnings of $2.92 per share, exceeding the $2.76 average estimate from analysts surveyed by Bloomberg. RBC’s net income rose by 7.3% […]