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Aurora Cannabis reports $164.7M in Q3, launches cost efficiencies plan

Aurora Cannabis Inc. is on the hunt for savings again after reporting a $164.7-million net loss in its latest quarter. The Edmonton-based company unveiled Thursday a plan to accelerate between $60 million and $80 million in annualized cost efficiencies over the next 12 to 18 months, as its third-quarter loss topped the $139.3-million loss it reported in the same period last year. Aurora said its plan will target production costs, facility and logistic expenses, organizational efficiencies and insurance and capital markets spending as it hopes to gain more traction when COVID-19 lockdowns have been lifted. “We are not simply waiting

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Canada
Arkansas Business Staff

Q1 Income Down 9%, But BSR REIT Expects Growth This Year

We were unable to send the article. BSR Real Estate Investment Trust of Little Rock this week reported first-quarter total portfolio net operating income of $13.4 million and total portfolio revenue of $25.8 million, down 9% and 6.4% year-over-year, respectively. Net operating income is a measure of performance used by real estate operating companies and REITs. The company is publicly traded on the Toronto Stock Exchange (TSX HOM.U). “With the focus of our capital recycling program now primarily oriented to the deployment of our $287 million in acquisition capacity, the REIT is positioned to significantly expand our property portfolio on

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Canada
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Saputo Dairy USA to Expand Manufacturing in Las Cruces, Add 150 Jobs

  Saputo Dairy USA, one of the largest cheese and dairy food producers in the U.S., has been awarded economic assistance in New Mexico to expand its Las Cruces manufacturing operations at the Las Cruces Innovation and Industrial Park.  Here is a statement from the city of Las Cruces: Saputo will add 150 employees said New Mexico Economic Development Cabinet Secretary Alicia J. Keyes, on Tuesday, May 12. As part of the expansion, Saputo Dairy USA is planning to invest as much as $30 million in its existing facility on the City’s West Mesa. To support the company’s growth, the State of New

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Canada
Krista Sharpe

This Waterloo tech start-up is the first to go public in 15 years

KITCHENER — Magnet Forensics, a Waterloo based software company, has gone public. It’s the first local tech start-up to offer an Initial Public Offering (IPO) in the last 15 years. “It was a bit surreal, 10 years of a lot of hard work,” CEO Adam Belsher said. Company founder and Chief Technology Officer, Jad Saliba, is a former Waterloo regional police officer who also happened to have a background in software and computer technology. After taking time off from policing to battle cancer, he returned to work and was re-assigned to the Digital Forensics Unit. While there, he found the

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Canada
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Saputo Dairy to expand manufacturing hub in Las Cruces, add 150 jobs

LAS CRUCES – Saputo Dairy USA, one of the largest cheese and dairy foods producers in the United States, has been awarded state economic assistance to expand its Las Cruces manufacturing operation and add 150 employees, New Mexico Economic Development Cabinet Secretary Alicia J. Keyes announced Wednesday. As part of the expansion, Saputo Dairy USA is planning to invest up to $30 million in its existing facility at the Las Cruces Innovation and Industrial Park, the agency stated. The park is on the city’s West Mesa. The company is receiving $2.5 million from the state’s LEDA job-creators fund, including a $1

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Canada
Public Relations

Upside Financial Named the LendVer 2021 Best PPP Loan Forgiveness Platform

Upside Financial Named the LendVer 2021 Best PPP Loan Forgiveness Platform – Toronto Stock Exchange News Today – EIN Presswire Trusted News Since 1995 A service for global professionals · Thursday, May 13, 2021 · 541,006,218 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools News Topics Newsletters Press Releases Events & Conferences RSS Feeds Other Services Questions?

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Canada
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U.S. stocks slide as prices of food, clothes, cars spike amid inflation worries

Inflation worries rattled Wall Street Wednesday, pulling the Dow Jones Industrial Average more than 680 points lower and putting the major stock indexes on track for their worst week in more than six months. All three major U.S. stock indexes were deep in negative territory in the wake of the Labor Department’s April consumer prices report, which showed the biggest rise in nearly 12 years. The report, which measures the prices U.S. consumers pay for a basket of goods, was hotly anticipated by market participants who have grown increasingly worried over whether current price jumps will defy the U.S. Federal Reserve’s

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Canada
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Hut 8 Announces Plans to List on NASDAQ

TORONTO, May 12, 2021 /CNW/ – Hut 8 Mining Corp. (TSX: HUT) (“Hut 8” or the “Company“), one of North America’s oldest and largest innovation-focused bitcoin miners, is pleased to announce that the Company has applied for a listing of its common shares on the NASDAQ Global Market (“NASDAQ“).  Jaime Leverton, CEO of Hut 8 commented: “Since we filed our F-10 in March, we have been continuing to actively move forward with the NASDAQ listing process. We are incredibly excited about what this means for Hut 8 and are proud to pursue the opportunity to join the ranks of global

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Canada
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TSX futures point to flat open

(Reuters) – Canada’s main stock index fell on Wednesday, triggered by fears of interest rate increases and higher bond yields after data showed stronger-than-expected inflation in the United States. * U.S. consumer prices increased by the most in nearly 12 years in April as booming demand amid a reopening economy pushed against supply constraints, which could fuel financial market fears of a lengthy period of higher inflation. * At 9:40 a.m. ET (13:40 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 52.47 points, or 0.27%, at 19,221.57. * Bombardier said it would extend the time to get bondholders’

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Canada
EMOR

Healixa, Inc. (Stock Symbol: EMOR) a Healthcare Company with Valuable New Pharmacy Assets & now offers Global Rideshares

Healixa, Inc. (Stock Symbol: EMOR) a Healthcare Company with Valuable New Pharmacy Assets & now offers Global Rideshares – Toronto Stock Exchange News Today – EIN Presswire Trusted News Since 1995 A service for global professionals · Thursday, May 13, 2021 · 541,006,218 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools News Topics Newsletters Press Releases Events & Conferences RSS Feeds Other Services Questions?

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