News & Updates
The latest news and updates from companies in the WLTH portfolio.
AI Daily: Meta said in talks to lease computing power to Anthropic
Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly. TipRanks Welcomes a New ETF - NYSE:RANK * TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. * RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies. COMPUTING POWER DEAL: Meta (META) is in early discussions to lease computing power from its AI data centers to Anthropic in an agreement that could be worth as much as $10B over two years, the New York Times' Eli Tan and Mike Isaac report, citing three people with knowledge of the talks. Anthropic, which proposed the deal in June, would pay Meta in monthly increments over the two-year term and the companies would be allowed to opt out of any agreement early, the report said. BUY APPLE: HSBC upgraded Apple (AAPL) to Buy from Hold with a price target of $366, up from $260. The firm believes Apple is now at an "operational turning point." Apple can stay away from the high capex debate as it only invests only 2.5% of its 2026 sales versus 39% for hyperscalers, and it also well positioned to leverage its 2.5B installed device base with its forthcoming revamped Apple Intelligence. The "AI boost comes at the right moment, when we think Apple has one of its most innovative product pipelines in place," the analyst tells investors in a research note. HSBC views Apple's hardware pipeline as strong, which includes the Phone 18 Pro and Pro Max this fall, an iPhone Air in April 2027, and "most importantly" a book-style foldable phone. AI FOR FINANCIAL SERVICES: FIS (FIS) said, "FIS is using Mythos 5 through Project Glasswing, Anthropic's controlled-access initiative that applies frontier AI to help strengthen the security of software supporting critical infrastructure, to secure its own systems. FIS operates systems that clear payments, move money and run core banking for thousands of institutions worldwide. Protecting that code is critical to the stability of global financial infrastructure. At that scale, FIS applies the same standard to its own infrastructure security that it expects from the technology it delivers to clients. Through Project Glasswing, FIS is putting Mythos 5, Anthropic's most advanced frontier model, to work as an additional layer within its security program. Project Glasswing brings together organizations that build or maintain foundational software. Participants use Anthropic's most advanced AI models for defensive security work. This reinforces FIS' commitment to proactive security and being a supportive partner to the broader security community and financial services sector. Project Glasswing brings together organizations that build or maintain foundational software. Participants use Anthropic's most advanced AI models for defensive security work. In addition to FIS' participation in Project Glasswing, its overall security posture is shaped by active engagement with FS-ISAC and the Financial Services Sector Coordinating Council, ongoing regulatory collaboration and industry intelligence-sharing. The initiative is separate from FIS' commercial deployment of Anthropic AI agents but reflects the same disciplined approach to applying advanced AI in financial systems where security, reliability and trust are essential." GROK 4.3: xAI's (SPCX) Grok 4.3 is now generally available on Amazon Bedrock (AMZN), giving teams that build agents and AI workflows a model that reasons over long inputs. "With this launch, xAI joins Amazon Bedrock as a model provider. Grok 4.3 is a model with configurable reasoning effort. It offers tool use and instruction following for building agents, and token efficiency for high-volume inference. It accepts text and image input, and has a 1M token context window for long documents and multi-turn sessions. The model runs on Mantle, the inference engine in Amazon Bedrock," AWS stated.
MEXC Reports 7.1 Billion USDT in SpaceX Futures Volume as Q2 Closes the Gap to Wall Street
Victoria, Seychelles, July 14th, 2026, Chainwire MEXC, a pioneer in 0-fee digital asset trading, today released its Ecosystem & Growth Report for the second quarter of 2026. In Q1, users mostly bought gold and other hedges against macro risk. In Q2, their attention turned to AI projects and US stocks, and MEXC spent the quarter building products for exactly that demand. Users can now back a company before its IPO, trade stock futures on it, hold tokenized shares, and buy real US stocks and ETFs, all inside one MEXC account. Every piece of that path launched or grew during the quarter. SpaceX was still a private company when MEXC ran two SPACEX(PRE) subscription rounds. More than 74,000 entries put over 173 million USDT into them, and demand for the second round reached more than 30 times the amount on offer. That demand mirrors a wider market trend: CoinGecko reports that tokenized pre-IPO trading volume surged 1,060%, with SpaceX accounting for the largest share of activity. The company then completed the largest IPO on record on June 12. Users kept trading it on MEXC after the listing, and SpaceX perpetual futures collected more than 7.1 billion USDT in volume in the weeks that followed. One name went from private to public within a quarter, and users traded at every stage. RealStocks launched on June 1 and added the last piece, real shares. Eligible users buy actual US stocks and ETFs through a licensed securities broker partner, and the shelf covers more than 7,000 names. More than 120,000 users signed up in the first month, and over half of the new accounts moved on to a first deposit. By June 18, the product had settled dividends on 34 stocks and ETFs, the kind of payout only real share ownership carries. Micron's June earnings lifted trading volume in its MEXC futures by approximately 142% in a single day. The activity spilled into related AI memory names, SanDisk, SK hynix, and a DRAM ETF. One earnings report moved a whole supply chain on the platform, because users now trade US market news the moment it breaks. "My first quarter as CEO had one goal, and that was to move MEXC from a crypto exchange toward a gateway for every market users care about," said Vugar Usi, CEO of MEXC. "Q2 put real numbers behind the word gateway, from Pre-IPO demand to actual dividend payouts." The quarter's ten biggest new-token gainers averaged +4,956%, and six of the ten were AI agent projects. Only one meme coin made the list, a clear reversal of the first quarter, when memes ran the gain rankings. The AI winners build practical systems. They settle transactions between agents, place trades for retail users, and verify identities, so the money went to projects that already do that work. The most-traded list leaned the same way, with four AI and infrastructure names to three meme names. During the quarter, MEXC appointed Vugar Usi as Chief Executive Officer and marked its 8th anniversary with a brand upgrade built on two promises: 0 Fees and Infinite Opportunities. The upgrade marks the company's move from a traditional exchange toward a universal gateway for global markets. A partnership brought the USD1 stablecoin into MEXC's trading and product suite, and the first USD1 event drew more than 161,000 participants, with new users alone pushing $2.4 billion through futures. A TradingView integration now sends perpetual futures orders straight from the chart, so users move from analysis to execution without a tab change. The Prediction Market added a Combo feature on June 9, which folds several event predictions into a single position. Average daily volume in the Prediction Market grew more than 6,700% from early to late June, and daily users rose more than 3,200%. The June Proof of Reserves put the average reserve ratio at 156.5%, which means the platform holds more assets than users have deposited, with Bitcoin backed at 269%. Between May and June, the risk team identified 4,394 illicit networks; a separate intervention effort blocked roughly 303,000 USDT in suspected fraudulent transfers. The full Q2 report, with the complete token tables, product data, and community programs, is available here. About MEXC MEXC is the world's fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.
Analysts Are Bullish on Top NA Stocks: HawkEye 360, Inc. (HAWK), SpaceX (SPCX)
There's a lot to be optimistic about in the NA sector as 3 analysts just weighed in on HawkEye 360, Inc. (HAWK), SpaceX (SPCX) and Hemab Therapeutics Holdings, Inc. (COAG) with bullish sentiments. TipRanks Welcomes a New ETF - NYSE:RANK * TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. * RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies. HawkEye 360, Inc. (HAWK) In a report released today, Louie DiPalma from William Blair maintained a Buy rating on HawkEye 360, Inc.. The company's shares closed last Monday at $19.34, close to its 52-week low of $18.71. According to TipRanks.com, DiPalma is a 4-star analyst with an average return of 6.0% and a 51.8% success rate. DiPalma covers the Technology sector, focusing on stocks such as Palantir Technologies, Science Applications, and Caci International. HawkEye 360, Inc. has an analyst consensus of Strong Buy, with a price target consensus of $37.86. See the top stocks recommended by analysts >> SpaceX (SPCX) In a report released today, Douglas Harned from Bernstein maintained a Buy rating on SpaceX, with a price target of $239.00. The company's shares closed last Monday at $137.58. According to TipRanks.com, Harned is a 4-star analyst with an average return of 12.9% and a 56.1% success rate. Harned covers the Industrial Goods sector, focusing on stocks such as L3Harris Technologies, Huntington Ingalls, and Northrop Grumman. The word on The Street in general, suggests a Strong Buy analyst consensus rating for SpaceX with a $241.36 average price target, implying a 66.8% upside from current levels. In a report issued on June 30, Wedbush also initiated coverage with a Buy rating on the stock with a $190.00 price target. Hemab Therapeutics Holdings, Inc. (COAG) Jefferies analyst Maury Raycroft maintained a Buy rating on Hemab Therapeutics Holdings, Inc. today and set a price target of $47.00. The company's shares closed last Monday at $40.75. According to TipRanks.com, Raycroft is a 4-star analyst with an average return of 12.2% and a 44.2% success rate. Raycroft covers the Healthcare sector, focusing on stocks such as Corbus Pharmaceuticals, Dianthus Therapeutics, and Compass Therapeutics. Hemab Therapeutics Holdings, Inc. has an analyst consensus of Strong Buy, with a price target consensus of $43.80, which is a 14.1% upside from current levels. In a report issued on June 29, Wedbush also maintained a Buy rating on the stock with a $42.00 price target.
Looking for Exposure to SpaceX Stock (SPCX)? Consider These Two ETFs
After SpaceX's (SPCX) high-profile IPO last month, investors are looking for ways to get exposure to the company's fast growth in launch services, Starlink, and new AI‑compute deals. Following the company's recent inclusion into the Nasdaq-100 Index (NDX) on July 7, several ETFs added the stock to their portfolios. Currently, investors could consider investing in these two ETFs: Roundhill Space & Technology ETF (MARS) and VanEck Space ETF (WARP). TipRanks Welcomes a New ETF - NYSE:RANK * TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. * RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies. Roundhill Space & Technology ETF (MARS) MARS is an actively managed fund that invests in companies tied to the growing space economy. Its portfolio includes firms involved in launch services, satellite networks, space hardware, communications, and emerging orbital technologies. SPCX stock constitutes 22.86% of the ETF's holdings. Some other top holdings in the MARS ETF include Rocket Lab USA (RKLB), AST SpaceMobile (ASTS), and ViaSat (VSAT). Overall, the ETF has $66.72 million in assets under management (AUM) and an expense ratio of 0.75%. On TipRanks, the MARS ETF has a Moderate Buy consensus rating based on 18 Buys and 12 Holds assigned in the last three months. The average MARS ETF price target of $40.18 implies 43.91% upside potential. VanEck Space ETF (WARP) WARP is a passively managed ETF, designed to track the performance of the MarketVector Space Index. The ETF targets four core sectors of the space economy, which include satellite communications, rockets and propulsion systems, Earth observation and data analytics, and space exploration. SpaceX stock accounts for 21.58% of WARP's total holdings. Apart from SPCX, some of the top stocks in the WARP ETF are Iridium (IRDM), Planet Labs (PL), and Rocket Lab. Overall, the ETF has $41.25 million in AUM. Also, it has an expense ratio of 0.5%. Turning to Wall Street, the ETF has a Moderate Buy consensus rating. Of the 21 stocks held, 15 have Buy ratings and six have Hold ratings. The average WARP ETF price target of $32.96 implies a 48.51% upside potential. Bottom Line Investors who want exposure to the space boom around SpaceX can look at MARS and WARP, two ETFs that hold SPCX and offer diversified access to the sector. Both give exposure to companies tied to the same demand drivers, such as satellite growth, launch activity, and new space tech adoption.
Tesla Stock (TSLA) Falls as JPMorgan Calls SpaceX Merger Idea 'Coherent on Paper'
Shares in EV giant Tesla (TSLA) dropped about 4% on Tuesday afternoon. This came after JPMorgan (JPM) noted that a merger with satellite and rocket firm SpaceX (SPCX) overlooks the practical challenges of securing regulatory approvals across multiple jurisdictions. Still, the firm noted that the idea is "strategically coherent on paper." 4th of July Sale - 70% Off * Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions. * Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter. SpaceX-Tesla Merger Speculation Grows Elon Musk, the world's richest person, is the CEO of both Tesla and SpaceX. The aerospace firm brought artificial intelligence startup xAI under its wings earlier in February and has now renamed it SpaceXAI. This means that social media platform X -- which is owned by xAI -- is also now under SpaceX Earlier this month, SpaceX debuted on Nasdaq in the world's largest-ever initial public offering (IPO). It raised $75 billion from the offering at a valuation of $1.77 trillion. The historic IPO fueled speculation that Musk might also decide to bring Tesla under SpaceX, creating a global tech powerhouse. Why JPMorgan Sees a Possible Merger as Problematic Chipping in, JPMorgan analyst Rajat Gupta noted a merger would make strategic sense. This is because Tesla and SpaceX could complement each other in several high-tech areas. This includes AI, robotics, energy, transportation, and space infrastructure. However, approval in multiple countries would prove very difficult, especially in markets such as China. Gupta reaffirmed his Hold rating on Tesla stock. The analyst's previous price target of $475 on TSLA implies about 16% upside. Who Is Rajat Gupta? Gupta is a four-star analyst who ranks in the top 16% of the more than 12,000 Wall Street analysts tracked on TipRanks. He covers the automotive industry, including carmakers such as Rivian (RIVN) and used-car retailers such as Carvana (CVNA). The analyst currently has a 50% success rate and has generated an average return of 8.80% for investors based on his ratings, as shown in the image below. Is Tesla a Buy or Sell Today? On Wall Street, Tesla's shares currently have a Hold consensus rating from analysts. This is based on 10 Buys, 15 Holds, and three Sells issued by 28 analysts over the past three months. Moreover, the average TSLA price target of $399.71 implies about 1% downside risk (see TSLA stock forecast here).
Microsoft (MSFT) Stock Gains on Swapping Out OpenAI and Anthropic for Its Own AI Models
Microsoft (MSFT) is starting to use more of its own AI inside key apps such as Excel and Outlook as it aims to cut costs and rely less on outside labs, Bloomberg reported. The company has begun routing several weekly prompts in those apps through its in‑house MAI models instead of OpenAI or Anthropic. Following the news, MSFT stock was up 1.3% on Tuesday. 4th of July Sale - 70% Off * Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions. * Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter. The shift is still small compared with Microsoft's overall AI use, but it shows the company is making progress on building cheaper, competitive models. At its Build conference in June, Microsoft rolled out seven new MAI models, including one it says can match the coding skills of Anthropic's popular Opus 4.6 model at a lower cost. MAI models are also being used inside GitHub Copilot, and Microsoft plans to bring its own transcription model to Teams and other apps in the coming months. Microsoft burns huge amounts of AI tokens to power tools like Copilot, and its long‑time deal with OpenAI currently gives it discounted access. But that deal will not last forever, and MSFT is working to make sure it is not stuck paying whatever top labs choose to charge down the road. Microsoft's Long‑Term AI Cost Strategy Microsoft is pushing hard to cut its long‑term AI costs as model sizes grow and computing needs explode. A major part of this plan is building its own custom chips like the Maia 200 to lower the cost of running AI models in production. By using these in-house chips for internal AI operations and Copilot products, Microsoft reduces its heavy financial reliance on Nvidia (NVDA). Further, it has put a limit on how much their own engineers can use internal AI tools to avoid wasted tokens and rising internal bills. Overall, the company's goal is to ensure end-to-end integration across the stack. Microsoft is using its Azure cloud to host models and run cloud computing services for other top labs. Is Microsoft a Buy or Sell? Currently, Wall Street has a Strong Buy consensus rating on Microsoft stock based on 36 Buys and one Hold. The average MSFT stock price target of $563.62 indicates an upside potential of 43.93%.
Cboe data shows mixed options sentiment in SpaceX with shares down 5.37%
Cboe data shows mixed options sentiment in SpaceX (SPCX), with shares down $8.62 near $151.80. Options volume relatively light with 512k contracts traded and calls leading puts for a put/call ratio of 0.82, compared to a typical level near 0.73. Implied volatility (IV30) dropped 1.6 near 84.58,and above the 52wk median, suggesting an expected daily move of $8.09. Put-call skew flattened, suggesting a modestly bullish tone.
Analysts Raise TeraWulf (WULF) Stock Price Targets Thanks to a $19 Billion Anthropic Deal
TeraWulf (WULF) stock received a wave of analyst updates after the company revealed a $19 billion deal with Anthropic on Monday. This is a lease agreement that will see Anthropic lease a data center from the digital infrastructure company's Justified Data site in Hawesville, Kentucky. This news was well received by investors, which resulted in major gains for WULF stock yesterday. Now, analysts are following that news up with price target increases and Buy ratings. 4th of July Sale - 70% Off * Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions. * Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter. What Are the Biggest Analyst Price Target Increases for WULF Stock? Three analysts have increased their price targets for TeraWulf stock in light of the Anthropic deal. That includes: * Four-star ATB Cormark Capital analyst Martin Toner, who increased his price target to $51 from $46, representing a 146.91% upside. * Five-star Rosenblatt Securities analyst Chris Brendler, who boosted his price target to $30 from $27, suggesting a 45.24% upside. * Five-star Needham analyst John Todaro, who raised his price target to $33 from $28, implying a 59.77% upside. Toner listed the Anthropic lease deal as a major reason for his price target increase on TeraWulf stock. He also highlighted the majority sale of the company's Abernathy site to a Fluidstack-led group as another win. The analyst claimed this transaction unlocks significant capital while streamlining the company's portfolio. TeraWulf Stock Movement Today TeraWulf stock was down 7.7% on Tuesday, as the stock settled after yesterday's rally. Even with this drop, the stock has still rallied 78.24% year-to-date and 360.79% over the past 12 months. With today's analyst updates in mind, some investors may view this as a buying opportunity for WULF stock. WULF stock trading activity today was elevated, as some 35 million shares changed hands. For perspective, the company's three-month average daily trading volume was about 27.19 million shares. Is TeraWulf Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for TeraWulf is Strong Buy, based on 16 Buy ratings over the past three months. With that comes an average WULF stock price target of $37.50, suggesting a possible 83.37% upside for the shares. (See WULF Stock's Full Forecast)
FCA Official Urges Crackdown on OpenAI, Google, and Anthropic AI Models
A senior U.K. Financial Conduct Authority (FCA) official, Sheldon Mills, said the country should consider regulating well-known artificial intelligence (AI) models such as OpenAI's ChatGPT, Anthropic's Claude, and Google's (GOOGL) Gemini. The proposal comes as regulators worldwide debate how to regulate advanced AI systems now being used in banking, investing, and other financial services. 4th of July Sale - 70% Off * Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions. * Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter. FCA Wants Review of AI Models Used for Financial Advice After concluding a personal review of popular AI models on July 6, Mills stated that Britain should consider setting new rules for these systems. The review found that more than one in four people in the U.K. trust ChatGPT, Claude, and Gemini for financial advice, even though these AI tools are not bound by the same rules as regulated financial services. As a result, Mills said the FCA should use the next three to six months to decide whether existing rules should apply to these AI models as they become more widely used. FCA Chair Ashley Alder also said regulators must keep pace with the fast-changing AI landscape while continuing to protect consumers. Growing AI Adoption Raises System-Wide Risk Concerns The FCA's review also signaled how quickly AI is being adopted across the financial industry. According to a recent report, 81% of financial firms worldwide now use AI in some form, while 40% are already deploying it at a more advanced level. Although AI is still mainly used behind the scenes, more financial firms are employing it to handle user complaints and provide investment advice. Mills also warned that relying on a small number of AI firms, cloud providers, and tech platforms could create risks for financial systems. If many firms use the same tech, a single outage or failure could disrupt multiple businesses at once. Is Google a Good Stock to Buy and Hold? Wall Street analysts tracked by TipRanks have rated Google (GOOGL) a Strong Buy. Out of 33 analysts, 28 rated the stock a Buy, 5 a Hold, and 0 a Sell. GOOGL also currently trades around $364 and has a 12-month projected average price target of $428.12. (See GOOGL's Stock Forecast)
Bitter Rivals Kalshi and Polymarket Unite to Battle Minnesota Over Betting Ban
Kalshi and Polymarket, two fierce rivals, have filed a lawsuit to stop Minnesota from enforcing a new statewide law that bans prediction market platforms. The firms claim that the contracts they offer are federally regulated products, while the state argues that the law is vital to address risks tied to gambling. The case could help define the extent of state authority to regulate prediction markets. 4th of July Sale - 70% Off * Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions. * Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter. Minnesota Enacts First Statewide Prediction Market Ban Minnesota's new law makes it a felony to operate, host, or advertise prediction markets in the state, forcing platforms such as Kalshi and Polymarket to shut down or face criminal charges. It is the first U.S. state law to explicitly ban such platforms, covering contracts tied to entertainment, elections, sports, weather, public health crises, and wars. Governor Tim Walz signed the measure into law on May 18, and it is set to take effect on August 1. Supporters, led by Democratic Representative Emma Greenman, say the law is needed to regulate emerging forms of gambling and protect consumers and minors. Kalshi, Polymarket Push Back Against Minnesota Ban Kalshi and Polymarket filed the case in the U.S. District Court for the District of Minnesota, asking the court to temporarily block the law before it takes effect. A federal judge in Minneapolis heard the case on July 2 but did not issue an immediate ruling. The firms contend that prediction markets are lawful financial products used for forecasting and managing risk, not gambling. They also say the ban could push users toward offshore or unregulated platforms instead of regulated U.S. markets. In addition, Kalshi and Polymarket argue their event contracts fall under the sole jurisdiction of the Commodity Futures Trading Commission (CFTC), making Minnesota's law incompatible with federal oversight. The CFTC has also filed a separate lawsuit against the state, saying event-based contracts should be regulated at the federal level rather than by individual states. Can I Invest in Kalshi or Polymarket? Kalshi and Polymarket are private companies, meaning they do not yet have publicly traded shares. However, investors seeking exposure to the broader prediction market or event-contract space may consider publicly listed firms such as Robinhood Markets (HOOD), DraftKings (DKNG), and Flutter Entertainment (FLUT). (See Their Stock Forecasts)
Canaccord Genuity Remains a Buy on Kraken Robotics Systems Inc (PNG)
Canaccord Genuity analyst Aravinda Galappatthige maintained a Buy rating on Kraken Robotics Systems Inc today and set a price target of C$9.50. 4th of July Sale - 70% Off * Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions. * Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter. According to TipRanks, Galappatthige is a 3-star analyst with an average return of 1.8% and a 46.41% success rate. Galappatthige covers the Communication Services sector, focusing on stocks such as BCE, Stingray Group, and Cineplex. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kraken Robotics Systems Inc with a C$9.50 average price target. Based on Kraken Robotics Systems Inc's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$21.71 million and a GAAP net loss of C$3.33 million. In comparison, last year the company earned a revenue of C$16.13 million and had a net profit of C$215 thousand