Canadian Cannabis Cultivators To Pick Up The Slack..

Canadian based cannabis firms are set to ramp up supply after the country is reportedly experiencing a shortage.
After the recent legalization of recreational cannabis in Canada, it has been reported that dispensaries were experiencing a shortage from the huge influx of consumers looking to get their hands on some legal recreational marijuana.
Local authorities were called to a number of dispensaries struggling to handle the long queues and frustrated consumers unable to buy cannabis.
Bill Blair, former Toronto police chief, who has been at the forefront of the government’s legalization program, told public broadcaster CBC the country was unprepared for the huge surge in demand.
“We had anticipated, you know, certain strains might run out and there would be a bit of a run on supply,” he said, “But, you know, they have got a good infrastructure in place and I’m confident it will work.”
On October 17th, Canada became only the second country in the world to fully legalize recreational marijuana use, as part of a somewhat controversial experiment in their drug policy. Under the new law Canadian citizens can legally carry up to 30 grams of cannabis in public and each household will be able to grow up to four plants.
According to a spokesperson for Cronos Group “With the recent legalization of recreational marijuana, we had increased our output considerably” he said, “We did not expect the demand to be so large, however, we now know we need to increase our supply further, to make sure we can keep up with the increased demand.”
Medical marijuana has been legal in Canada since 2001, and the government has spent over two years working to expand that to include recreational usage. Based on the results of their survey 5.4 million Canadians will buy cannabis from legal dispensaries in 2018, that is over 15 percent of the population. Around 4.9 million already medicate.
Supply and demand economics dictate that this shortage in the marijuana supply will lead to an uptick in the price, which will no doubt have a knock on effect with the revenues generated from the industry. This will likely have a positive effect on the share price of one of our top stock picks for this quarter Cronos Group (CRON) and as a result, we have issued a strong buy recommendation for our clients, here at Asia Associates.

Chief Analyst, Dennis Chu – Asia Associates

Nasdaq Announces End-of-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date September 28, 2018

NEW YORK, Oct. 09, 2018 (GLOBE NEWSWIRE) — At the end of the settlement date of September 28, 2018, short interest in 2,374 Nasdaq Global MarketSM securities totaled 7,693,478,869 shares compared with 7,523,975,122 shares in 2,369 Global Market issues reported for the prior settlement date of September 14, 2018. The end-of-September short interest represents 4.21 days average daily Nasdaq Global Market share volume for the reporting period, compared with 4.47 days for the prior reporting period.

Source: NASDAQ

 


 

Youngevity Enters Cannabis Market with Hemp FX™ Product Line
August 30, 2018 Prince of Thrift Business

YGYI, Inc. (YGYI), a leading omni-direct lifestyle company, introduced their new Hemp FX™ product line at their 2018 Convention in San Diego, Calif. These cannabis products are comprised of three new proprietary blends of hemp-derived cannabinoid products (Soothe™, Relax™, and Uplift™). A limited quantity of the three new formulas was available for Pre- Sale purchase to attendees at Youngevity’s Convention and quickly sold-out at the event. Youngevity’s Hemp FX™ products will be available for purchase to the public soon with the official launch date to take place by October 2018.

To be alerted and notified about the upcoming official launch and to learn more about Youngevity’s Hemp FX product line, visit hempfx.com.
Newcomer to Cannabis
Youngevity gets into $7.7 billion Cannabis market
Youngevity introduces Hemp FX™ Product Line

For 21 years, Youngevity has prided itself on developing the highest-quality and most well-researched nutritional products. Each formula in the Hemp FX product line combines an exclusive source of organically grown hemp-derived cannabinoids (cannabis) with Youngevity signature nutrients.

Soothe™

contains a proprietary hemp-derived cannabinoid oil, as well as a variety of herbs, minerals, and a powerful antioxidant – glutathione. Soothe™ supports a healthy immune system and soothes sore, tired, and achy muscles and joints.

Relax™

features the same hemp-derived cannabinoid oil found in Soothe™, combined with the relaxing botanicals chamomile, lavender, valerian, and melatonin –for its sleep-supporting benefits.

Uplift™

takes Youngevity’s exclusive hemp-derived cannabinoid oil and combines it with St. John’s Wort and a specialized set of natural terpenes (cannabinoid enhancers).

The cannabidiol market is expected to see significant growth in the immediate future. Direct Selling News recently reported that “According to recent data published by Forbes, citing Brightfield Group, the global cannabis market is projected to reach $31.4 billion by 2021. By end of 2017, the global market value was estimated at $7.7 billion.”

With validation from independent 3rd party testing and the growing market, the (cannabis) Hemp FX products have the capacity to transform the nutritional industry and Youngevity’s consumer base. Youngevity CEO, Steve Wallach states,

“Hemp-derived cannabidiol aligns with what we do very well. We’ve taken what we know about essential nutrients, along with decades of knowledge specializing in natural, plant-based nutrition and their most beneficial nutrients and put that knowledge to work to develop high-end cannabidiol products.”

Disclaimer: Kevin Surbaugh distributes Youngevity (YGYI) as an independent sales representative and invests in the publicly traded company.
He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), and WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.

Thank You Mexican Peso!

If you are like me when trading you are careful when choosing which exotic pairs to trade. High commissions, lack of information and liquidity are always the reason why people are skeptical when trading exotics.

You have heard for years how horrible the Mexican economy is, in reality, Mexico is the 10th largest Economy in the world and its currency; the MXN or Mexico Peso is the most traded Exotic Currency currently in the Market.
Most of the time I get questions about how volatile MXN is and that trading in MXN is just risky, which is true but given the interest rate differential, it makes it a pretty good long-term option in my view.

Trading Exotics, it’s not always a good investment, so you should be careful and trade only with the correct information available. I am currently following all there is to know on fundamentals, the major companies and most importantly the Banco de Mexico that provides amazing information on their website. Also among other resources, I have started following economist Dr. Teodoro Lavin Sodi who seem, to be a main figure for MXN Technical Analysis in Mexico, in my opinion, his analysis and views of the MXN and the Mexican market are brilliant so if you are trading Peso you should follow him also.

Investing in the Peso

When I started trading Peso I was in the same bucket as everyone I was not too sure, I did not want to plunge into positions without knowing all there is to know and honestly I was unsure about the Mexican Economy until a friend of mine showed me its profits, I for one wanted to know more and started digging to be better informed about the Currency Pairs involving Peso.

Having prime information is essential, do your analysis and find the right news sources, the news is helping me to understand Mexico and other emerging markets so that I can more intelligently trade before moving forward with any position.

I look forward to profiting more from Mexican peso and learning more on what and how things impact the economy, also look for clues when trading. For example, recently Sodi tweeted:

#Mexican Peso Still #Bearish after climbing to 19.11 in (#USDMXN), continues to #trade within Small Downtrend Bearish Channel.

To some, I would think it would be better if the Peso was more Bullish like we want for the rest of the stock market but for a day trader having key levels and an idea of what to look for is very important. So understanding fundamentals and key technicals including other available information better will help me to become a more informed investor as well. Perhaps, I might even decide an investment in the Mexican Economy would be a good plan.

We shall see.

Nasdaq Welcomes Upwork Inc. (Nasdaq: UPWK) to The Nasdaq Stock Market

NEW YORK,  (GLOBE NEWSWIRE) — Upwork Inc. (Nasdaq: UPWK), the largest global freelancing platform where businesses and independent professionals connect and collaborate remotely, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.

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Source: NASDAQ