This week for the cannabis industry will be a busy one, as a number of companies are scheduled to post financial results for the last quarter.
Here’s a brief overview of the companies to be keeping an eye on.
On Monday, Greenlane Holdings Inc (NASDAQ: GNLN), Village Farms International Inc(NASDAQ: VFF) and Medipharm Labs Corp (OTC: MEDIF) will be reporting their financial results after the closing bell.
On Tuesday after the market close, we will see results from Tilray Inc (NASDAQ: TLRY). Analysts expect Tilray to report a net loss of 25 cents per share on revenue of $41.11 million. Earnings results are also expected from….CLICK for complete article
Quote of the Week
Opinion writer, Sherelle Jacobs absolutely nails the vacuousness of our elites in light of the latest climate stunt.
As the stats reveal, the focus on the mass shootings in the States obscures the bigger problem of the constant examples of gun violence.
The politicization of the latest mass shootings in the States is self absorbed drivel that overshadows the complexity of the issue and sets the victims and their families aside for political gain.
No province has ever cut healthcare or reduced healthcare spending. No Federal Government, whether under Steven Harper or Justin Trudeau or any other Prime Minister has ever cut the cash sent to the provinces for healthcare – but that doesn’t stop politicos from saying they have.
The US treasury yield curve, as represented by the spread between the 10-year and two-year bond yields, is currently the flattest since December 2018.
As of writing, the spread is seen at 0.097 basis points – down more than 17 basis points from the high of 27.5 basis points seen on July 18.
Notably, the benchmark 10-year yield, which stood at 2% on July 31, fell to 1.59% on Wednesday and is now trading at 1.70%, meaning the yield is down 30 basis points on a month-to-date basis.
Investors have rushed for the safety of government bonds amid escalating US-China trade tensions….CLICK for complete article
China’s recent currency devaluation seems in line with similar policies taking place across the globe. Let’s take a look why Bitcoin price is rising as a result and why investors are increasingly considering taking shelter in Bitcoin — a neutral and borderless network for storing and transferring value — alongside traditional safe haven assets.
Every fiat currency is devaluing itself on purpose.
As the U.S. and other countries attempt to bolster economic growth through rate cuts, investors are beginning to flock to gold, cash, government bonds and increasingly Bitcoin as a hedge, according to economist, Raoul Pal….CLICK for complete article
A major part of China’s response to the latest tariff threats by President Donald Trump was to reduce the value of its currency to its lowest level relative to the dollar of the past decade. Trump fired back by having the Treasury Department officially name China a “currency manipulator.”
Markets have been reeling over the past week due to the ramping of the trade war between the U.S. and China.
While much of the focus has been on the tariffs, here’s a look at the impact a devalued yuan could have on the U.S. and Chinese economies….CLICK for complete article