The Federal Reserve and the Treasury Secretary announce new extensive measures to support the economy, which brings comments from Duquesne Family Office, Blackrock, Miller Value Partners, The Leuthold Group, and Appaloosa Management. [more]
good natured expects to grow revenue in 2020 by 70-90% to $17-19M, after completing the acquisition of Shepherd Thermoforming, new contracts signed earlier this year, and a new COVID-19 line. [more]
WELL Health books record revenue in quarter, completes $14.4M financing & acquires Indivica for $6.2M. CloudMD raises $13M and Greenbrook TMS completes C$15M equity offering. [more]
Other major events and reports related to the cannabis industry include: Cannabis Treatments for COVID-19; Canopy Growth loses two executives; Green Thumb Industries triples revenue; Tilray hopes to be profitable by year-end; United Cannabis files for bankruptcy. [more]
Analyst Ralph Garcea of Focus Merchant Group highlights 2019 results with Revenue hitting $18.5M (+47% Y/Y) & Gross Margins @43%, and catalysts for continued growth with Quisitive providing preliminary Q1/2020 guidance for Revenue of ~$10.9–11.1M. [more]
Revenue was negatively affected by changes implemented by YouTube in January along with the impact of COVID-19 on the global advertising industry beginning in March. [more]
Airlines tighten belts to cut expenses as revenue plummets; Casinos bide their time until they can re-open; and Concert Facilities & Sporting Events go silent. [more]
New listing for FansUnite that operates the FansUnite Sportsbook and the McBookie online gaming website. [more]
Lorimer Wilson from MunKNEE.com summarizes 18 different predictions for the price of silver and they range from $7-700 per ounce. [more]
Hut 8 Mining struggled to maintain top line revenues, which decreased by 14% in Q1/2020, and Riot Blockchain purchased US$1.9 million of next-generation cryptocurrency mining machines from BitMain Technologies to save on energy costs. [more]
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