In Canada, e-scooter companies Bird, Lime, and Roll launched the first e-scooter pilot in Ontario. However, the micro-mobility industry experienced a major complication as three deaths were reported in the U.S. on mopeds serviced by Revel Transit. [more]
With a market cap of $200M, New Found Gold closed an IPO financing last week to become the newest listed Newfoundland gold explorer. With a shareholder base that includes Palisades Goldcorp, Eric Sprott, Novo Resources, and Rob McEwen, the Company is focusing on the Queensway project, following up on previous drill results that included 92.9 g/t gold over 19.0 metres. [more]
The commercial real-estate market was significantly impacted by the COVID-19 pandemic, leaving retail businesses and tenants unable to pay rent as sales dried up. As tenants vacate stores, the U.S. outdoor shopping center market net absorption reached a record low of negative 7.7 million square feet. [more]
Since launching their IPOs last week, Rocket Companies and BigCommerce experienced an increase in stock price of 22% and 219%, respectively. However, Rackspace struggled as its stock price dropped by over 20% since its IPO. [more]
Vegaste Technologies focuses on the online distribution of plant-based food and beverages in North America. The Company operates PlantX, an online meal delivery platform and website for people interested in plant-based and vegan food. [more]
Quarterly sales were up over 21% to $22.8B with digital sales growing 276% and Net Income reaching $586M in FQ1/2020, up from $49 million in FQ1/2019, but the stock price remains below recent IPO price. [more]
CanAlaska is a junior mineral exploration and Project Generator company. The Company controls 132,300 hectares across 9 uranium projects in northern Saskatchewan & Manitoba, 25,000 hectares across 3 nickel projects in northern Manitoba and two base metal projects in northern Manitoba & B.C., and 2 diamond projects covering 57,752 hectares in Saskatchewan & Alberta. [more]
Last week, Zynga reported Q2/2020 earnings with record revenues and bookings, as the mobile game company fueled growth through focusing on its portfolio of live services games and acquiring other high-growth franchises. [more]
According to trend-tracking and prediction technology firm RIWI, data suggests U.S. economic recession is much deeper than current jobs data is reporting and Biden has a slight lead on Trump for the Presidential election but beware of the “shy Trump voter” effect. [more]
This week, franchise restaurants Dunkin’ Brands, McDonald’s, Restaurant Brands International, and Starbucks, reported Q2/2020 earnings. Most franchises experienced double-digit revenue decreases. Dunkin’ Brands expects to close ~800 stores; Starbucks plans to close 400 locations. [more]
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