This week, the TSX faced a challenging week as investors remained cautious, bracing for the upcoming US inflation data to gauge the Federal Reserve’s stance. The market’s volatility reflected the broader uncertainty, with many investors adopting a wait-and-see approach.
Air Canada: 2025 OTCQX best 50
In other news, OTC Markets Group (OTCQX:OTCM, Forum) released its 2025 OTCQX Best 50, a ranking of the top-performing OTCQX companies from the previous calendar year. The OTCQX Best 50 is an annual ranking based on an equal weighting of one-year total return and average daily dollar volume growth. Companies in the 2025 OTCQX Best 50 were ranked based on their performance during the 2024 calendar year.
What the “Buzz”
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Among the notable companies, Air Canada (TSX:AC, Forum) ranked 37th. The airline recently projected a near 10 per cent increase in its available seat miles from 2023’s C$99.012 billion. This projection underscores Air Canada’s efforts to recover and expand its operations post-pandemic.
Sintana provides Kapana 1-X update
Sintana Energy (TSXV:SEI, Forum) provided an update this week on the operations associated with the Kapana 1-X exploration well located on Block 2813B, governed by Petroleum Exploration License 90 (PEL 90) and operated by Harmattan Energy, an indirect Chevron (NYSE:CVX, Forum) subsidiary. Trago Energy, a wholly owned subsidiary of Custos Energy., in which Sintana maintains a 49 per cent indirect interest, holds a 10 per cent working interest in PEL 90. The update highlighted the valuable geological insights gained, despite the well not finding commercial hydrocarbons.
Tilray reports strong Q2 results
Tilray Brands (TSX:TLRY, Forum), a global lifestyle and consumer packaged goods company, reported its Q2 2025 financial results. Key financial highlights include:
- Net revenue increased 9 per cent to US$211 million compared to US$194 million in the prior year quarter. On a constant currency basis, net revenue increased 10 per cent.
- Gross profit rose by 29 per cent to US$61 million, with growth across all four business segments. Gross margin improved to 29 per cent from 24 per cent.
- Adjusted gross profit increased by 20 per cent to US$63 million.
- Net loss was US$85 million, with US$75 million comprised of non-cash items and US$8 million of one-time non-recurring costs.
- Adjusted net loss was US$2 million, consistent with the prior year quarter.
- Adjusted EBITDA was US$9 million, slightly down from US$10 million.
- Beverage alcohol net revenue increased 36 per cent to US$63 million, with gross margin rising to 40 per cent.
- Cannabis net revenue was US$66 million, with gross margin increasing to 35 per cent.
- Distribution net revenue was US$68 million, with gross margin improving to 12 per cent.
- Wellness net revenue increased 13 per cent to US$15 million, with gross margin rising to 31 per cent.
Tilray reaffirmed its fiscal year 2025 guidance, anticipating net revenues between US$950 million and US$1 billion.
Challenges build character (and portfolio stability?)
As the TSX navigates a volatile week, investors are encouraged to deepen their due diligence and stay informed about market developments. Keeping portfolios up to date with the latest financial news and company performance can help in making informed investment decisions.
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(Top image generated with AI.)