As many people come back from their August long weekend, investor activity has started to pick up, and alongside it, discussions on the Bullboards.
Amidst geopolitical tensions that spiked, dipped, and rocked the market, investors were quick to find some rising and falling companies that demand attention. Even though many checked in with familiar companies, we had some notable fresh faces making their marks on the Top-6 most viewed Bullboard charts. Here’s a look at three standouts with their own unique potential ….
Through Fresh Hemp Foods, Ltd., the distribution agreement will provide Tilray with direct access to Southern Glazer’s distribution network reaching consumers from local bars and restaurants to independent and national grocery chains, and convenience stores.
Southern Glazer’s will be the exclusive distribution partner for the Tilray Wellness CBD beverage portfolio across 13 states with additional opportunities to scale nationwide. Tilray can develop a U.S. CBD beverage portfolio within familiar retail channels via this partnership.
Glazer’s Wine & Spirits is the preeminent distributor of wine and spirits.
The second quarter in 2022 consists of solid drilling results coupled with lower than forecasted base decline rates.
Free cash flow also increased to $103.3 million, which enabled the company to lower its debt. In addition, net debt decreased by $85.2 million to $62.0 million, a 58 per cent decrease over the balance listed on March 31.
As for the net operating expenses, it decreased quarter over quarter despite inflationary pressures impacting the industry.
The higher commodity prices combined with increased production elevated the company’s adjusted funds flow by 48 per cent over Cardinal’s previous record in the first quarter of 2022 to a new corporate form of $128.3 million or $0.82 per diluted share.
Revenue for the three and nine months ending May 31, 2022 was $4,388,520 and $10,192,417 respectively, compared to $3,831,373 and $12,088,139 for the year prior.
Gross profit was $1,810,596 and $4,511,146 respectively, compared to $1,853,029 and $5,224,335 for the prior year.
Navigating the supply chain challenges that have hampered the technology industry at large lately, Gatekeeper highlighted its $5.08 million transit video upgrade contract, an initial $560,000 order on school bus Wi-Fi for enhanced distance learning, and a $2.35 million contract extension to provide transit vehicle video system maintenance services as business milestones over the quarter.
As trading picks up for the rest of the summer season, expect more attention and heated discussion on the Bullboards and make sure you’re up to date on what’s happening in the community. Next week, we’ll continue to bring you the buzz around the hottest sectors and companies.