Marina Fedorova/iStock via Getty Images SNDL Inc. (NASDAQ:SNDL) and other cannabis stocks (CGC, GRWG, VFF) rallied on renewed news of federal cannabis rescheduling. The rally was short-lived because investors need to unpack the development and see what it implies. On the surface, it seems to be a reiteration of last week’s news of rescheduling. There…
bjdlzx Management of Yangarra Resources Ltd. (OTCPK:YGRAF) has stated that there is a goal to get the bank debt down to C$80 million. This is a Canadian company that reports in Canadian dollars unless otherwise noted. The bank debt did indeed decline in the just-reported first quarter, as net debt declined about C$9.5 million. This…
Edwin Tan /E+ via Getty Images Intro In our most recent commentary in Lincoln Educational Services Corporation (NASDAQ:LINC) (June of 2023), we reverted to a ‘Hold‘ rating after multiple ‘Buy‘ ratings in the stock in 2022. We do believe in the rebalancing approach in that when the underlying trends & associated fundamentals are not temporarily…
TkKurikawa Elevator Pitch I award a Buy rating to Woori Financial Group (NYSE:WF) [316140:KS]. My prior January 2, 2024 write-up touched on WF’s international expansion and inorganic growth plans. Korea Deposit Insurance Corporation or KDIC, a Korean government agency, is no longer a shareholder of Woori Financial now. My view is that WF’s shares have…
alvarez/E+ via Getty Images LianBio (NASDAQ:LIAN) was a rising star of the Chinese pharmaceutical scene but the drugs startup has flamed out just four years after its launch. The biotech’s abbreviated lifespan underscores the challenges and costs of bringing novel drugs to the market, even with financial backing and big ambitions. The company’s mission was…
Yongyuan Dai The times are changing for Baidu (NASDAQ:BIDU) (OTC:BAIDF). Having long been China’s leading search engine company and little more, the company is slowly but surely carving out a new leadership position in the Chinese artificial intelligence (‘AI’) space. Since I last covered the name, Baidu has further built on its successful AI-powered ‘Ernie…
Excitement is building as DojoSwap will be announcing the details of the upcoming launchpad project in the next 1-2 days. Injective Protocol, a leading decentralized finance (DeFi) platform, is preparing to host its next launchpad event on January 19-20 through its automated market maker (AMM) platform DojoSwap. More details about the upcoming event are to…
fotostorm/E+ via Getty Images A Quick Take On Metagenomi Metagenomi, Inc. (MGX) has filed to raise $100 million in an IPO of its common stock, according to an SEC S-1/A registration statement. The firm is developing a genetic editing platform to treat a wide variety of diseases. Metagenomi, Inc. is backed by major pharma firms…
krystiannawrocki/iStock Unreleased via Getty Images Listen below or on the go on Apple Podcasts and Spotify Imports and sales of Apple Watches are banned effective today due to patent issues. (0:15) FedEx announces share buyback. (1:42) There is a new dominant COVID-19 strain. (2:27) This is an abridged transcript of the podcast. Our top story…
Kokkai Ng/iStock Unreleased via Getty Images Coming off another solid beat and raise quarter, Southeast Asian consumer service ‘super app’ Grab Holdings (NASDAQ:GRAB) looks poised for a great year ahead. Having survived the steepest rate hike cycle in decades, Grab is now a leaner, meaner machine. And backed by a growing net cash position, management…
Analysts are bullish on Bitcoin’s chance of rally and are suggesting that the king coin may have begun a rally and could hit $50,000 in weeks. A Bitcoin analyst has said that Bitcoin (BTC) is already displaying signs of an early bull market, while another predicts $50,000 this month. This means that BTC could end…
Telegram is committed to providing TON with the necessary tools and infrastructure to cater to its 80 million global customers. The Open Network (TON) has begun the official rollout of its self-custodial Wallet on Telegram, choosing Africa as the frontier for the new project. In an announcement on X, formerly Twitter, Andrew Rogozov, the founder…
Cryptocurrency exchange Kraken is sending a letter to clients notifying them that after losing a lengthy court case, they will need to turn over sensitive data to the Internal Revenue Service (IRS) after a legal battle that began in May 2021. Surfacing on Reddit this week, the letter follows a summons from the IRS, and…
BlockFi revealed that it has emerged from bankruptcy court, having received approval for its reorganization plan from all relevant stakeholders. Nearly 11 months after it first declared bankruptcy, the crypto lender BlockFi has now officially begun the process of winding down its operations. In line with this, the company has asked its wallet users to…
visualspace A Quick Take On Cargo Therapeutics, Inc. Cargo Therapeutics, Inc. (CRGX) has filed to raise $100 million in an IPO of its common stock, according to an SEC S-1 registration statement. Cargo Therapeutics, Inc. is a clinical-stage biopharma developing drug candidates for the treatment of large B cell lymphoma cancer [LBCL]. I’ll provide an…
AndreyPopov A Quick Take On Waystar Holding Corp. Waystar Holding Corp. (WAY) has filed to raise $100 million in an IPO of its common stock, according to an SEC S-1 registration statement. The firm provides a cloud-based software system to facilitate payments to healthcare service providers. Waystar Holding Corp. top line revenue growth rate is…
Greg Kelton/iStock via Getty Images It’s hard not to be bullish this time of year. Recall, it was precisely 12 months ago when the S&P 500 notched its bear-market bottom for 2022. The low of 3491 came about following a worse-than-expected September 2022 CPI report. Selling pressure was harsh in the moments after the consumer…
David Trood/DigitalVision via Getty Images A Quick Take On Perfect Moment Ltd. Perfect Moment Ltd. (PMNT) has filed to raise $15 million in an IPO of its common stock, according to an SEC S-1 registration statement. The firm designs and sells luxury sport-oriented clothing worldwide. Perfect Moment Ltd. revenue dropped sequentially in the most recent…
maybefalse/iStock Unreleased via Getty Images Article Thesis Alibaba Group Holding Limited (NYSE:BABA) is about to become a very different company due to the spin-offs it plans. Breaking up the company will unlock value that has, so far, not been realized. Alibaba has now taken the first step to break up the company, as its logistics…
MTStock Studio/E+ via Getty Images A Quick Take On Kindly MD, Inc. Kindly MD, Inc. (KDLY) has filed to raise $7 million in an IPO of its common stock and one warrant per share, according to an SEC S-1 registration statement. The firm provides specialty outpatient chronic pain treatment services to patients in the state…
Zodia Custody will now offer yield on digital assets to institutional clients in addition to providing its custody services. Zodia Custody, a leading crypto custody platform owned by banking giant Standard Chartered, will start providing yield on crypto holdings owned by its institutional clients. To bring this to fruition, Zodia Custody has partnered with OpenEden,…
Aside from the EU, Hong Kong and the United Kingdom have also made progress with crypto regulation. Malta’s Financial Services Authority (MFSA) has begun a public consultation on the proposed changes to its crypto rulebook. The regulator circulated a draft document representing the revised version of its crypto regulation on Monday. Malta issued the rulebook…
JHVEPhoto/iStock Editorial via Getty Images A Quick Take On Instacart Maplebear Inc. (CART), known as Instacart, has filed to raise $100 million in an IPO of its common stock, according to an SEC S-1 registration statement. The firm primarily provides last-mile grocery delivery services to the U.S. and Canadian grocery markets. Instacart grew well during…
AzmanJaka A Quick Take On Neumora Therapeutics Neumora Therapeutics, Inc. (NMRA) as filed to raise $100 million in an IPO of its common stock, according to an SEC S-1 registration statement. The company is a clinical-stage biopharma developing drug treatment candidates for various brain disorders and diseases. NMRA has a strong syndicate of life science…
Igor Kutyaev Overview The new week, which features the BRICS meeting and the Jackson Hole symposium, is off to a quiet start. The failure of Chinese banks to pass through last week’s 15 bp cut fully into the lending prime rates was a major disappointment, and the logic is not yet clear. The yuan and…
Apple CEO Tim Cook is claiming that India simply offers a “huge opportunity”, so, the firm has been ramping up iPhone production in the region. It appears that Apple Inc (NASDAQ: AAPL) may be attempting to diversify the production of its iPhones from its manufacturing base in China. This follows after a recent Bloomberg report revealed…
sawaeng wonglakorn/iStock via Getty Images Quick Take On Inno Holdings Inc. Inno Holdings Inc. (INHD) has filed to raise $100 million in an IPO of its common stock, according to an SEC S-1 registration statement. The firm designs and manufactures cold-formed steel framing products. Inno Holdings Inc.’s recent revenue has declined sharply, along with worsening…