It has been a bit of a stalemate for North American markets this week as indices nudged one way or another. Earnings report have been rolling in, with some major U.S. banks reporting a slowdown in profits, others saw better-than-expected earnings. Traders are tracking an upbeat risk sentiment. This can offer insight into how companies are faring against the horizon of rising rates and inflation. After the collapse of Silicon Valley Bank last month spurred a liquidity crisis, investors have been eyeing the overall health of the financial sector.
While the waters are calm, this is a day many other investors (and those of the general public) celebrate the cannabis industry, or just what the industry provides ….
At the top of the stack is Tilray Brands Inc. (TSX:TLRY), who’s subsidiary, Montauk Brewing Company launched a new limited release craft brew – PROJECT 4:20.
The craft brew is created to celebrate and support local green charities during Earth Month and beyond.
Tilray Brands Montauk Brewing Company launch PROJECT 4:20,
Montauk is believed to be fastest growing craft brewer in Metro New York known for its exceptional craft beers. It expects PROJECT 4:20 to be a new fan favorite with its juicy IPA taste and refreshing earthy aroma.
The new craft brew is available in 6-packs at retailers across metro NY, Long Island, and northern NJ, in limited supply. A portion of sales proceeds from PROJECT 4:20 will support Grow NYC and Concerned Citizens of Montauk. These are two charities focusing on food access and agriculture, environmental sustainability, coastal resilience, and water quality.
Vaughan Cutillo, Founder, Montauk Brewing Company commented on the news.
“As a true Montauk brand, we wanted to create something new that purely focused on supporting our passion for the ocean, environment, and local communities. PROJECT 4:20 is a new and important initiative for us that we are extremely proud of and plan to launch beyond the northeast and across the country.”
Aviation heavyweight Bombardier Inc. (TSX:BBD.A) has scored approvals for its Smart Link Plus connected aircraft system.
The company has recently achieved essential Transport Canada, European Union Aviation Safety Agency and Federal Aviation Administration approvals for almost its entire fleet of Challenger and Global aircraft.
Smart Link Plus is an advanced health monitoring system that collects aircraft data, which can enable flight and maintenance crews to prioritize and troubleshoot essential in-flight alerts, increasing an aircraft’s operational efficiency. Aircraft operators can track, troubleshoot, and dispatch a technician based on information received from the system, enabling them to make detailed maintenance decisions quickly and efficiently.
Source: Bombardier Inc.
“The Smart Link Plus system is fundamentally changing the way Bombardier supports its customers,” said Paul Sislian, Bombardier’s Executive Vice President, Aftermarket Services and Strategy. “With Smart Link Plus, customers can make concrete maintenance decisions in real time – significantly enhancing the efficiency of their operations.”
Ground crews can also use the program’s remote parameter display to independently monitor an aircraft while in-flight to assist in finding the root cause of potential issues.
Bombardier is working to finalize all regulatory approvals for operators of Challenger 604 and Global 5500 and Global 6500 aircraft, which are expected from late 2023 through early 2024.
New Found Gold Corp. (TSXV:NFG) is returning new, high-grade gold at its Queensway Project.
This week, the Vancouver-based mineral exploration firm reported that it struck 4.27 g/t Au over 31.55 metres on its flagship project, located near Gander, Newfoundland.
The latest results come from 25 diamond drill holes the project’s Appleton Fault Zone along the existing high-grade Keats Main Zone.
Source: New Found Gold Corp.
Step-out drilling has increased the strike length at Keats West to 250 metres. The mineralized footprint of Keats West now spans 250 metres wide by 305 metres down dip, averaging approximately 30 metres thick. The project covers 1,662 square kilometres with road access.
Next week we’ll shift focus to other sectors with a better understanding of how governments will help out the economy, and what challenges still await. Tilray may be on top for now, but no king lasts forever, and an uncertain market demands constant attention from investors to stay up-to-date and ready. For previous editions of Buzz on the Bullboards: click here.