Author: Alexander Lee

A media company recently disclosed its financial performance for the second quarter of 2024, showcasing a remarkable increase in revenue despite facing losses. In the period ending June 30, 2024, the esports company based in Texas reported a 24% year-over-year growth in proforma revenue for Q2, reaching a quarterly record of $28.6 million, indicating a 22% increase from the previous quarter. However, the company recorded a net loss of $12.0 million in Q2, a significant jump from a net loss of $4.1 million in the corresponding period of the previous year. The stock of the media company opened trading at…

Trillion Energy International (CSE:TCF), a company in the oil and gas sector, experienced a significant increase of over 10.7% following updates on production and perforations at the West Akcakoca-1 well located in the SASB gas field offshore Turkey. Currently, the West Akcakoca-1 well is producing 2.8 million cubic feet of natural gas per day. The broader Akcakoca platform is expected to see increased production due to the implementation of new velocity strings. The company, Trillion Energy, specializes in oil and natural gas production and serves markets in Turkey and Europe. The stock of Trillion Energy has decreased by 91.14% year-over-year.…

Cannabix Technologies announced that preliminary testing conducted by Omega Labs using its marijuana breathalyzer technology has produced favorable outcomes. Omega Labs has initiated pre-validation scoping activities to determine the limits of detection and quantification, along with the cutoff threshold for detecting delta-9 THC (the primary psychoactive component in cannabis) in breath samples. For further details, please refer to the full story here. A weekly update on top cannabis news stories includes: 1. Aurora Cannabis Inc. filing an information circular for an upcoming special shareholder meeting. 2. A summer sale offering all Mikra products on Amazon with Prime shipping. 3. Delta…

Investors have the opportunity to generate income through capital gains or dividends. While many investors may typically seek capital appreciation from energy stocks due to their correlation with energy prices, there are some energy stocks that offer substantial dividends, providing investors with an alternative source of returns. Several energy stocks with stable businesses and significant dividend payouts are worth considering. One such stock, which has seen a meaningful recovery of approximately 22% since October 2023, is Enbridge. Despite this recovery, Enbridge still offers a high dividend yield of 7.2%. Investors in this blue-chip stock are primarily relying on consistent dividend…

The European Union is aiming to phase out its reliance on natural gas sourced from Russia by 2027, despite Russia being the world’s second-largest natural gas producer and exporter. Russia has shifted its focus to natural gas exports to China and India due to the EU’s decision. Global natural gas demand saw a modest 0.5% increase in 2023, with China leading as the largest LNG importer due to its pandemic recovery. Conversely, Europe experienced a 6.9% decline in natural gas consumption in 2023, reaching its lowest level since 1994. This drop was attributed to the rapid growth of renewable energy…

Apple TV+ has received a record-breaking 72 Emmy Award nominations across 16 Apple Originals, marking its best-ever showing. The nominations span various categories, including Outstanding Limited Series, Outstanding Drama Series, Outstanding Comedy Series, and Outstanding Documentary or Nonfiction Series. Notable nominations include "Lessons in Chemistry," "The Morning Show," "Slow Horses," "Palm Royale," "STEVE! (martin) a documentary in 2 pieces," and "Girls State." "The Morning Show" secured its first-ever nomination for Best Drama and leads with the most performance nominations for a drama series, with stars Jennifer Aniston and Reese Witherspoon earning nominations in the Best Actress in a Drama category.…

The EU plans to phase out natural gas sourced from Russia by 2027 due to the country’s conflict with Ukraine, despite Russia remaining the world’s second-largest natural gas producer and exporter. In 2023, only 14 percent of the EU’s natural gas needs were supplied by Russia, down from 45 percent in 2021. Russia has redirected its natural gas exports to China and India following the EU’s rejection of its products. Global natural gas demand increased by 0.5 percent in 2023, driven by growth in China, North America, Africa, and the Middle East. China emerged as the world’s largest importer of…

BlinkLab Limited (ASX:BB1), an innovative digital healthcare company specializing in smartphone-based AI-powered diagnostic tests for neurological disorders, has announced its participation in a clinical study at Columbia University, New York. Key highlights of the collaboration include a new study with Columbia University to explore the impact of aerobic physical exercise on neuroplasticity in adults with spinocerebellar ataxias (SCA). This study aims to validate the effectiveness of the BlinkLab eyeblink conditioning test as a biomarker for neuroplasticity in SCA patients. The partnership is expected to enhance the global adoption of the BlinkLab platform among prestigious research centers and institutions for studying…

In a recent statement, Michael Moskowitz, Chair and CEO of NorthStar, expressed satisfaction with the company’s performance, citing a record-breaking quarter with revenue and gross margin growth exceeding 60%. Moskowitz highlighted the efficient scaling of the business, with revenue outpacing expenses as existing resources are leveraged effectively. Key financial highlights for the Second Quarter Ended June 30, 2024 (“Q2 2024”) include a 61% revenue increase to $7.5 million, total wagers at Northstarbets.ca reaching $225.5 million (a 41% increase), and gross gaming revenue at $8.7 million (a 58% increase). The gross margin also saw a significant rise to $3.2 million, representing…

The evolving global regulatory landscape surrounding cannabis presents a substantial investment opportunity for those looking to enter the emerging market. A prominent player in this field, Melodiol Global Health offers a strategic value proposition with operations in Canada and Australia. These countries have introduced new regulations to legalize cannabis for recreational and/or medical purposes, paving the way for other regions to follow suit. Melodiol oversees various business units that cater to a wide range of products, including recreational and medical cannabis, hemp-based items, athletic products, beauty, and personal care goods. Additionally, through its subsidiary Halucenex Life Sciences, the company has…