Industry

Uber’s stock price increased after reporting a $2.9B loss and withdrawing guidance. Lyft’s stock price was also higher after reporting a $398M loss but more rides. However, California’s attorney general sued both for violating the recently passed state law regarding gig economy workers. [more]

State-of-the-art cultivation and manufacturing facility expands capacity by 66,000 sq. ft to a total of 88,000 sq. ft of indoor and greenhouse space. [more]

Xebec recorded record annual revenue of $49.3 million and re-affirmed 2020 Revenue growth guidance in the 60%-80% range. Well-funded for growth from equity financings in Q3 & Q4/2019 of $35.2 million and a $10M unsecured loan facility announced this week. [more]

All have different opinions as the COVID-19 pandemic has driven different strategies from CEOs of various investment firms including Berkshire Hathaway, Apollo, Pershing Square, and BlackRock, and research firm Rosenberg Research & Associates. [more]

Lorimer Wilson from MunKNEE.com reviews 35 cannabis companies and 29 had stock price increases in April with only 6 companies going down in price. [more]

Last week, technology companies reported financial performances of their cloud businesses, including Amazon, Microsoft, and Google with cloud revenues of $12.3B, $10.2B, and $2.8B, respectively. [more]

This past week, the tech companies that dominate online reported Q1 earnings, including companies Alphabet, Amazon.com, Apple, Facebook, and Microsoft. Google and Microsoft saw an increased demand for cloud services and enterprise offerings but reduced online advertising sales. [more]

The need for protective medical equipment such as masks, gloves, and disinfectants have never been higher. Canadian public companies focused on protective equipment include AirBoss of America, iFabric, GDI Integrated Facility Services, and Ovation Science. [more]