Tag: Canada
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![Friday Recap: Canada’s Economic Slowdown]()
Friday Recap: Canada’s Economic Slowdown
Bond Sales Reach Record Highs With central banks cutting rates and yields dropping, investors have fled to other alternatives, primarily corporate bonds to get returns. Over $2.43 trillion worth of bonds have been sold this year so far, and many have scored double-digit returns on bond sales. For instance, here’s a story about a UBS…
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![Monday Recap: Cracks in the Canadian Economy, Aramco IPO, Powell Meets Trump]()
Monday Recap: Cracks in the Canadian Economy, Aramco IPO, Powell Meets Trump
Aramco IPO Oil giant Aramco is gearing up for a valuation between $1.6 – $1.7 trillion for its initial public offering. While this is short of the initial $2 trillion mark the crown prince hoped for, it still boasts the world’s largest IPO offering. The firm released a statement on Sunday aiming that it had…
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![GTEC Holdings (GTEC.C) playing it tight as cannabis financing dries up across sector]()
GTEC Holdings (GTEC.C) playing it tight as cannabis financing dries up across sector
For the last few years, if cannabis companies wanted money, there was a long line of folks happy to oblige. More recently, those financiers have dried up, causing raise-addicted cannabis pubco execs to reach for their ‘balance sheets for dummies’ text books and have urgent meetings with accountants regarding how they stay alive. GTEC Holdings…
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![Gaia Grow (GAIA.V): Hemp grown right, business run right, market cap insane]()
Gaia Grow (GAIA.V): Hemp grown right, business run right, market cap insane
I have to admit, the cannabis markets right now are pretty awful. That’s no newsflash, it’s happened before, but usually there’s a distraction sector around where, when the weed stocks are resting, one can shoot their money to for alt profits. Think blockchain, crypto, cobalt, lithium… Right now, a lot of investors aren’t diverting their…
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CannTrust (TRST.T) cannabis sales license suspended by Health Canada, and the clock is ticking
Turns out running an illegal drug operation out of your legal, licensed drug operation isn’t such a good business model. Health Canada announced today what many had long assumed was coming, when they suspended CannTrust’s (TRST.T) license to sell and process cannabis in the wake of ongoing allegations of illegal behaviour. When TRST stock was…
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CannTrust (TRST.T) sacks workers, calls it ‘commitment to regulatory compliance’
There’s an old damage control routine that goes, instead of admitting you have a problem, you focus on how you’ve fixed the problem you had, so the interested observer focuses on your fix and not your initial incompetence. CannTrust is at that chapter in their Damage Control 101 textbook. In a news release titled, “Canntrust…
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![Fear and loathing in the cannabis space: Get off 48North’s (NRTH.V) dick already]()
Fear and loathing in the cannabis space: Get off 48North’s (NRTH.V) dick already
The most important phase of the life cycle of any ecosystem is where the inhabitants realize they can get sustenance and advantage from killing the lifeforms around them, rather than cohabiting. Monkeys turn cannibal when food supplies are low, ants go to war with other ants, ivy strangles the trees hosting it, influenza kills the…
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Berz-Erka: Livewell unhalts after 8 months as Eureka 93 (ERKA.C), rolls back 15:1, loses 90% of its value
We talked to the folks behind Livewell a lot, back in the day. Seemed a good deal, certainly a team that talked a good game. Even bought a little personally. But there was always a coda attached. The projections and plans were big. Maybe too big. Here’s me, the first time I covered them. Little…
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Marijuana update: Speakeasy shuffle, Sproutly looming, Canopy CEO sell-off
Was just looking at a bunch of news releases, trying to figure out which to cover when I remembered, ‘didn’t you just use to do all of them?’ Why yes, self, I did. So let’s give ‘er to everyone, just like the old days. NOTHING EASY AT SPEAKEASY (EASY.C) I’ve had several nice discussions with…
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Supreme Cannabis (FIRE.T): Enough screwing around, you guys, get behind quality
The old junior markets rule #1 is ‘buy rumour, sell the news’, and no company I’ve ever seen illustrates this in practice more than Supreme Cannabis (FIRE.T). For several years now, whenever it tiptoes upwards in share price, a news event happens and shareholders sell off. It happens like clockwork, and it’s infuriating. Don’t get…
