Auxly Cannabis Group announced a 14-to-1 consolidation of its common shares, reducing the total shares from about 1.42 billion to approximately 101 million, effective July 28, 2026. This move aims to improve market quality and align the capital structure with the company's strong financial position following a record year in 2025. The consolidation is not related to any financing or dilution plans; the company is focused on growth, profitability, and cash flow. Shareholders' ownership percentages remain largely unchanged except for minor adjustments due to fractional shares, which will be rounded down.
In June, U.S. inflation eased notably as the Consumer Price Index fell to 3.5% year-over-year, driven largely by a 5.7% drop in energy costs. Consumer sentiment reached a five-month high, supported by lower gas prices, while retail sales continued to...
The Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) is rated as a Hold due to its weaker growth prospects and risk-adjusted returns compared to the traditional market-weighted IVV ETF. Despite a higher earnings yield, RSPD's equal weig...
