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]
This week Facebook published a “State of Small Business” Report based on a survey of 86,000 owners, managers and workers in companies across the US with fewer than 500 employees. The report is a “sobering snapshot” of the struggles that Small Businesses are facing today amid the COVID-19 crisis. [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]
The VIX remains in the “High Volatility” range and reversed direction to return above 30. New coronavirus cases remain steady, above 20K/day, and another 2.6 million Americans filed for unemployment claims. [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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