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Tech Stocks Crumble As Wall Street’s 5-Week Rally Ends; Bonds Offer Safe Haven As Growth Worries Reemerge: What’s Driving Markets Friday?

By Piero Cingari
May 31, 1:44 PM
Bears knocked on Wall Street’s door again Friday, sending large-cap tech stocks lower despite the Fed’s favorite inflation measure meeting expectations.

BTC

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Canadian Weed Producer Red White & Bloom Narrows Loss, Reports 15% YoY Drop In Q1 Revenue As It Wraps Up Aleafia Acquisition

By Jelena Martinovic
May 31, 11:56 AM
Canadian cannabis company Red White & Bloom Brands Inc. (CSE: RWB) announced on Thursday that it has filed its condensed interim consolidated financial statements for its first quarter ended March 31, 2024.Revenues were CA$22.6 million ($16.5 million), representing a CA$2.7 million increase over the previous quarter and a decrease of CA$3.9 million year-over-year.Net loss from continuing operations attributable to shareholders was CA$3.7 million, representing a year-over-year improvement from CA$6.5 million net loss in the first quarter of last year.

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Cansortium Cuts Loss YoY, Reports 14% Increase In Q1 Revenue Driven By Florida Cannabis Sales Ahead Of Merger With RIV Capital

By Jelena Martinovic
May 31, 11:34 AM
Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) a vertically-integrated, multi-state cannabis company operating under the FLUENT brand, announced on Thursday financial and operating results for the first quarter ended March 31, 2024."We delivered another quarter of year-over-year revenue growth and positive cash flow generation during the first quarter as we continued to execute on our growth objectives," CEO Robert Beasley said. "We are making the critical investments needed to lay the foundation for growth and support our future plans and remain excited about the opportunities ahead."

CNPOF

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RIV Capital Reports YoY Increase In Q1 Revenue, Gross Profit Ahead Of Merger With Cansortium To Create Four-State Cannabis Company

By Jelena Martinovic
May 31, 11:30 AM
Cannabis-focused acquisition and investment firm RIV Capital Inc. (CSE: RIV) (OTC: CNPOF) released on Thursday its financial results for the first quarter ended March 31, 2024.Mike Totzke, the company's COO and interim CEO, called the first quarter "pivotal" referring to the official launch of the company's recreational cannabis operations in New York. The company opened its first adult-use dispensary in White Plains.

CNPOF