The Motley Fool

JANUARY 9, 2024

Sports betting is picking up momentum among states In May 2018, the U.S. Supreme Court declared the Professional and Amateur Sports Protection Act (PASPA) unconstitutional, paving the way for states to have the power to choose whether they wanted to legalize and regulate sports betting. Legalization efforts seem to be gaining momentum.

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The Motley Fool

MARCH 22, 2024

Supreme Court lifted the federal ban on sports wagering back in 2018, DraftKings was already well-positioned to capitalize on the new opportunity. Since then, 38 states have legalized sports betting of one sort or another. billion last year, versus 2018's mere $226 million. And it's still not turning an annual profit.

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Legal Earnings Before Interest Amortization Depreciation 130

The Motley Fool

AUGUST 8, 2024

Supreme Court opened the door for sports betting legalization to states in May 2018, and since then, the number of online sports betting (OSB) users has skyrocketed. The business is solid, and it's operating in a rapidly growing market, as the following chart shows.

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The Motley Fool

DECEMBER 3, 2023

Even more disappointingly, the business has been at the forefront of management's corporate actions in recent years, with management buying M*Modal's health information services business for an enterprise value of $1 billion in 2018. It then bought wound care business Acelity for a consideration of $6.7 at the end of 2022.

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The Motley Fool

JULY 29, 2024

On a BEIA basis, which stands for "before exceptional items and amortization of acquisition-related intangible assets," which is akin to non-GAAP (adjusted) figures given by U.S. billion investment in China Resources Beer, an investment Heineken made in 2018. The company also took a big impairment charge on a China investment.

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The Motley Fool

SEPTEMBER 19, 2023

Opera (NASDAQ: OPRA) has been a divisive investment since its IPO in 2018. That acquisition paved the way for its IPO in 2018. The bears will note its namesake web browser controls less than 3% of the global market (according to Statcounter), it's losing monthly active users (MAUs), and its sales growth is decelerating.

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The Motley Fool

MARCH 11, 2024

All parties believe they have done their job -- and legally, they have." However, the company has included them in its annual report to shareholders since 2018 when GAAP reporting was changed to reflect unrealized capital gains and losses in earnings as well as realized gains and losses. What about companies other than Berkshire?

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Securities and Exchange Commission (SEC) Conglomerates Investors Shareholders 130

The Motley Fool

SEPTEMBER 22, 2023

It has been almost five years since Canada first legalized marijuana for recreational use. 4, 2018, some websites may say $81.60. At the time, you may have been tempted to invest $1,000 into a top cannabis producer such as Aurora Cannabis (NASDAQ: ACB) to see how it might do in the future given the promising growth opportunities ahead.

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The Motley Fool

AUGUST 13, 2024

sports betting market legalized in 2018, Sportradar supported building up their online betting product. We have supplied data to FanDuel for multiple sports since 2015 when it was a fantasy sports business and data and streaming since its launch of sports betting in 2018, as well as other services since then. When the U.S.

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The Motley Fool

JULY 3, 2023

The company said that except for its BioSteel business, it expects to be earnings before interest, taxes, deprecation, and amortization ( EBITDA ) positive by the end of 2024. Cannabis legalization is sweeping over North America – 19 states plus Washington, D.C., At its low price, volatility is to be expected.

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Legal Earnings Before Interest Amortization Debt 278

The Motley Fool

AUGUST 4, 2023

And I would now like to hand the conference over to your speaker today, Mr. Stanton Dodge, chief legal officer. Stanton Dodge -- Chief Legal Officer Good morning, everyone, and thanks for joining us today. Are you now just seeing structurally lower CACs just on getting better amortization from your brand spend? Two if I may.

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Taxes Banks Legal Capital 100

The Motley Fool

AUGUST 23, 2023

Marijuana investors have been discouraged the past two years due to the lack of progress toward federal legalization in the U.S. Meanwhile, the Canadian cannabis market, despite being fully legal, appears to be saturated, causing problems for the companies there. markets took a toll on most cannabis companies.

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The Motley Fool

AUGUST 24, 2023

It also reported a 93% increase in earnings before interest, taxes, depreciation, and amortization ( EBITDA ) to $22 million in the quarter, marking the company's 17th consecutive quarter of positive adjusted EBITDA. federal legalization alone and has established roots in the European market. And make no mistake – it is coming.

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Legal Mergers and Acquisitions Earnings Before Interest Amortization 130

The Motley Fool

OCTOBER 17, 2024

We launched da Vinci SP in Q3 of 2018 and the installed base now stands at 243. Third-quarter pro forma operating expenses increased 13% compared with last year, driven by higher head count, increased legal expenses, and higher customer-facing activities. accounts and in continued pursuit of additional indications.

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Securities and Exchange Commission (SEC) Depreciation Taxes Capital 130

The Motley Fool

AUGUST 17, 2023

Cannabis has been fully legal in Canada for several years. Canopy reported an adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) loss of CA$57 million, compared to a loss of CA$78 million in the prior-year quarter. Federal legalization, however, is a long shot. cannabis market to drive growth.

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Legal Earnings Before Interest Debt Amortization 246

The Motley Fool

AUGUST 8, 2023

legal cannabis market at $28.9 The company also increased its forecast to say it expects 2023 revenue to be at least $305 million, up 23%, and adjusted earnings before interest, taxes, depreciation and amortization ( EBITDA ) from continuing operations of $58 million, up 49%. Investment bank Cowen puts the U.S. billion by 2026.

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Legal Earnings Before Interest Amortization Taxes 130

The Motley Fool

SEPTEMBER 13, 2023

The company has achieved positive adjusted earnings before interest, taxes, depreciation and amortization ( EBITDA ) for three straight quarters. Cannabis legalization is sweeping over North America – 19 states plus Washington, D.C., Cash flow has been improving, which means the company's operations are becoming more sustainable.

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Legal Earnings Before Interest Amortization Depreciation 130

The Motley Fool

AUGUST 2, 2023

The lower operating loss in the second quarter of 2023 was mainly due to higher legal settlement and goodwill impairment charges in the second quarter of 2023. Other notable adjustments include amortization of purchased intangible assets of $162 million, the majority of which is included in cost of sales. in the same period a year ago.

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Debt Assets Leveraging Portfolios 188

The Motley Fool

AUGUST 1, 2024

In 2018, Transocean took the strategic decision to upgrade the hook-load, drilling, completions and 20,000 capability on both of the new eighth generation drillships, the Deepwater Atlas and Deepwater Titan to best position these rigs for the anticipated Gulf of Mexico 20,000 programs. Jeremy Thigpen -- Chief Executive Officer Thanks, Greg.

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The Motley Fool

AUGUST 3, 2023

market upon federal legalization of cannabis. It also has a lot of potential in Europe, where cannabis legalization is spreading. Tilray booked adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) increase of 93% to $22 million in the quarter -- its 17th consecutive quarter of positive adjusted EBITDA.

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Mergers and Acquisitions Legal Earnings Before Interest Amortization 130

The Motley Fool

AUGUST 22, 2023

When the Canadian market boomed after that nation's move to fully legalize cannabis, the companies did well. positioning itself to benefit if cannabis is ever federally legalized. will legalize cannabis federally anytime soon. Cannabis legalization is sweeping over North America – 19 states plus Washington, D.C.,

Legal 246

Legal Mergers and Acquisitions Debt Earnings Before Interest 246

The Motley Fool

JANUARY 21, 2024

During the boom of the Canadian cannabis market after the country legalized recreational marijuana in late 2018, it built out a smorgasbord of product lines and brands while capturing as much market share as possible via cultivation facilities and retail outlets.

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Earnings Before Interest Amortization Depreciation Legal 246

The Motley Fool

AUGUST 6, 2024

[Operator instructions] At this time, I would like to turn the call over to Tryn Stimart, AbCellera's chief legal and compliance officer. Tryn Stimart -- Chief Legal and Compliance Officer Thank you. I'm Tryn Stimart, AbCellera's chief legal and compliance officer. You may proceed.

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The Motley Fool

OCTOBER 15, 2024

Another thing and this might be fairly Canada focused, but I know it's happening a lot more in your fine country is, you may have heard that cannabis was legalized in Canada across Canada in 2018. those just coming into coming out of their slothful teenage years and into their early 20s and legal drinking age. I can tell you.

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The Motley Fool

OCTOBER 29, 2024

During the call, Jim, John, and Devina will discuss operating EBITDA, which is income from operations before depreciation and amortization. John will discuss our results in the areas of yield and volume, which unless stated otherwise, are more specifically references to internal revenue growth or IRG from yield or volume.

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Mergers and Acquisitions Leveraging Capital Taxes 244

The Motley Fool

JANUARY 18, 2024

Senate, and President Biden has done little to advance the legalization of marijuana in the world's most lucrative market for weed. Canada legalizing recreational weed for sale in October 2018 was expected to be a watershed moment for licensed producers. Unfortunately, meaningful reforms have continually fallen flat in the U.S.

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Mergers and Acquisitions Legal Shareholders Earnings Before Interest 246