On Thursday, Canadian marijuana company HEXO (NYSE:HEXO) announced yet another flotation of new securities to bolster its finances. The company’s stock price soon went in the expected direction — down, that is, by nearly 6% on the day.
So what
In Thursday’s pronouncement, HEXO said that it would issue equity “units” to investors. This is a common instrument of capital-seeking marijuana companies. Usually, one unit is a package comprising the company’s stock and a warrant thrown in as a sweetener.
Image source: Getty Images.
Hot Canadian Stocks To Watch For 2023: International Game Technology(IGT)
International Game Technology PLC operates and provides a range of services and technology products across lotteries, machine gaming, sports betting, and interactive gaming markets in North America, Asia, and Europe. It provides online lottery transaction processing systems; a suite of lottery-enabled point-of-sale terminals; supplies instant ticket games; and provides printing services, instant ticket marketing plans, graphic design, programming, production, packaging, and shipping and delivery services. The company also provides video lottery terminals (VLT), VLT central systems, and VLT games to government customers; video and traditional mechanical reel slot machines and casino systems to casino operators; and amusement with prize machines and games to licensed operators, as well as designs, develops, manufactures, and provides cabinets, games, systems, and software. In addition, it is involved in the provision of sports betting platform that offers betting on sporting events, motor sports, and non-sporting events, such as entertainment, music, culture, and current affairs; transaction processing of commercial transactions, such as prepaid cellular telephone recharges, prepaid mobile data, prepaid electricity and other utility bill payments, credit card transactions, social security contributions and payments, and prepaid cards; and collection, processing, and network services on behalf of third parties, as well as in the issuing of electronic money through immediate conversion of funds. Further, the company provides interactive games, such as poker, casino games, bingo, iLottery, sports betting, horseracing, and skill-based games. The company was formerly known as GTECH S.p.A. and changed its name to International Game Technology PLC in April 2015. The company was incorporated in 2014 and is headquartered in London, the United Kingdom.
Advisors’ Opinion:
- [By Stephan Byrd]
Sun Life Financial (NYSE:SLF) and Investors Heritage Capital (OTCMKTS:IHRC) are both finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their valuation, risk, institutional ownership, dividends, profitability, analyst recommendations and earnings.
- [By Max Byerly]
TRADEMARK VIOLATION NOTICE: “Sun Life Financial (SLF) Scheduled to Post Earnings on Wednesday” was published by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at www.tickerreport.com/banking-finance/4144720/sun-life-financial-slf-scheduled-to-post-earnings-on-wednesday.html.
- [By Dan Caplinger]
In response, Sun Life Financial (NYSE:SLF), which is one of Canada’s biggest insurance companies, started offering medical marijuana coverage in its private health insurance policies earlier this year. However, it’s not the sort of blanket coverage that many cannabis advocates would like.
- [By Shane Hupp]
Highstreet Asset Management Inc. lifted its holdings in Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 24.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 167,617 shares of the financial services provider’s stock after purchasing an additional 33,424 shares during the period. Highstreet Asset Management Inc.’s holdings in Sun Life Financial were worth $6,736,000 at the end of the most recent reporting period.
Hot Canadian Stocks To Watch For 2023: Union Pacific Corporation(UNP)
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. The company offers freight transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts; and chemicals consisting of industrial chemicals, plastics, crude oil, liquid petroleum gases, fertilizers, soda ash, sodium products, and phosphorus rock and sulfur products. It also provides transportation services for coal and petroleum coke; industrial products comprising construction products, minerals, consumer goods, metals, lumber, paper, and other miscellaneous products; and intermodal import and export containers and trailers. Its rail network includes 31,974 route miles linking the Pacific Coast and Gulf Coast ports with the Midwest and eastern United States gateways. Union Pacific Corporation was founded in 1862 and is headquartered in Omaha, Nebraska.
