Jefferies lowered their price target on Tilray Brands , after updating their outlook, saying excluding all the Canadian headwinds, the overall outlook looks compelling. Out of the 20 analysts, 2 have strong buy ratings, 2 have buy ratings, 13 analysts have hold ratings and the last 3 have sell ratings. Though they do see some […]
Global Carbon Credit Corp on Tuesday announced that it intends to conduct its next round of financing as it prepares to go public later this year. Units of the company are being offered at a price of $0.55 per each, with each unit containing one common share and one half of a common share purchase […]
The exchange traded fund aims to provide investors with exposure to carbon credits via the fund owning carbon credit futures. The European Union Allowance credits reportedly represented 90% of the total global value of carbon dioxide markets in 2021, with the global value of the entire space reported at 683 billion Euros last year. While […]
The bank gave them a strong buy rating and C$21 12-month price target, saying that this business model could turn into a “rushing river.” They say that their bullishness comes from a number of factors. As explained above, Carbon Streaming purchases up-front an annual stream of carbon credits from carbon offset projects, which will eventually […]
Looking to 2022, the company will see the delivery of its first carbon credits from its current investment streams. The company anticipates between 6.4 million and 7.4 million in carbon credit volumes this year, of which between 5.0 million and 5.6 million are attributable to the company. In terms of the strategic plan for 2022, […]
The MarVivo Corp currently operates the MarVivo Blue Carbon Conservation Project, which is focused on the conservation of mangrove forests and its related marine habitat in Magdalena Bay, Mexico. The author has been compensated to cover Carbon Streaming Corp on The Deep Dive, with The Deep Dive having full editorial control. In addition to The […]
Revenues for the quarter were up 17% on a quarter over quarter basis, climbing from $20.9 million to $24.5 million. The firm reported a gross profit before fair value adjustments of $4.7 million for the quarter, which notably has fallen dramatically from the $7.7 million recognized in the second quarter. In addition to The Deep […]
The company reported total revenues of C$60.1 million, down 11% year over year but up 10% quarter over quarter. A number of analysts changed their 12-month price targets on Aurora Cannabis after the results, bringing the average to C$7.73, or a 17% downside to the stock. For the results, Aurora came in slightly below Canaccord’s […]
By securing this resolution, the company claims it has paved a clearer path to secure a provisional license to sell cannabis in Massachusetts. Prior to that, TILT Holdings hired additional management officers on its compliance team, including Patrick Beyea as director of compliance. Welcome to The Deep Dive, where we focus on providing investors of […]
Joining us today on the Daily Dive is that of Brad Rogers, Chairman and CEO of Red White & Bloom . RWB is predominantly focusing its investments on the major US markets, including Michigan, Illinois, Florida, California, Arizona and Massachusetts, with respect to cannabis, and the US and internationally for hemp-based CBD products. The company […]
On Tuesday, the US Justice Department announced that the FBI successfully seized $2.3 million in bitcoin from DarkSide hackers responsible for the Colonial Pipeline cyber attack, which devastated fuel supplies across the US east coast. The operation was carried out by the newly formed Digital Extortion Task Force, which supposedly gained access to the private […]
reported their first quarter financials after market close on May 12th, reporting revenue of $194.4 million, up 89.5% year over year. The street high comes from Craig Hallum with a C$74.40 price target, while the lowest comes in at C$45 from Roth Capital. In Canaccord’s note, their analyst Matt Bottomley increases their 12-month price target […]
According to Reuters, which cited a cannabis executive and other industry sources, Credit Suisse and several other major banks have pulled back their custodian support for clients that buy and sell cannabis-related stocks. With the cannabis industry booming over the past several years, custodian services such as the ones previously provided by Credit Suisse have […]
If you’re an investor heavily focused on cannabis MSOs, you’ve likely noticed the industry’s recent tidal wave of M&A. While the opportunity cannabis stocks present is irrefutable, owning licenses is the genuine “generational opportunity.” As you will see, privately owned limited licenses have yielded returns that would make any Sand Hill Road fund manager blush. […]
This gives another Gage dispensary option for Western Michigan, following the opening of Cookies Kalamazoo back in February. The company expects the opening of the 4,600+ square foot Gage Battle Creek will create over 20 new jobs in the city. In the same announcement, the company also reported the plans to open another provisioning center […]
The first supply arrangement entered into is with that of Cannmart Inc, effective as of April 15, 2021. The company this morning also formally announced that it has previously entered into a supply arrangement with Empress Agri Sales Inc, whom operates as Patient Choice. The company has been compensated to cover Ayurcann Holdings on The […]