Canadian Healthcare Industry Update for May
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]
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]
Highlights from Adelaide Capital’s CleanTech webinar with Aureus Energy, mCloud, Nano One, Questor and Thermal Energy. Competing in the trillion-dollar market. [more]
Shopify, Netflix, Roku, Peloton, Etsy, and Pinterest book Y/Y revenue gains in 28%-60% range but some are still not profitable. [more]
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