#SundialGrowers

[rafater-art]

My take on #wallstreetbets shark for #creatuanary😋 can u find the #eastereggs ? 😜 . . #wallstreet #gamestop #amc #nokia #blackberry #sundialgrowers #streetshark #creatuanary #creatuanary2021 #tiburon #escualo #alien #rafater #artofrafater https://www.instagram.com/p/CKo6Ru9l8rp/?igshid=1d6yblo5dzof7

[licensedproducers]

COVID-19 Cannabis Treatment in Development in Canada

University of Lethbridge Cautions It’s Early Days – LPC

Researchers at the University of Lethbridge claimed to have found a possible COVID-19 cannabis treatment. They reviewed data from other cannabis research over the past four years even point to a possible preventive drug. This, used in an inhaler, might “block the doors” in the lungs so that the virus can’t get in. "Imagine a cell being a large building," said Igor Kovalchuck, part of the husband and wife team of.researchers. "Cannabinoids decrease the number of doors in the building by, say, 70 per cent, so it means the level of entry will be restricted. You have more chance to fight it." It is a special formulation though – smoking regular cannabis won’t do anything, they warn. "The key thing is not that any cannabis you would pick up at the store will do the trick," says Olga. Although the science seems sound, there are many unanswered questions. These include how long it would "close the doors", whether closing only 70 per cent would be enough, and whether the virus would still flourish entering the nose and mouth. The COVID-19 cannabis treatment research was conducted in partnership with the University of Lethbridge, Pathway RX Inc., and Swysh Inc., two companies focused on researching and developing custom cannabis therapies. Many of the cannabis varieties have been patented and are currently licensed to Pathway Rx’s partner Sundial Growers Inc., a Calgary-based cannabis licensed producer. Earlier this month, a Toronto-based researcher announced that they are investigating another COVID-19 cannabis medicine to help alleviate the symptoms. This editorial content from the LPC News Team provides analysis, insight, and perspective on current news articles. To read the source article this commentary is based upon, please click on the link below. Click here to view full story at calgary.ctvnews.ca Read the full article

[thesevillereport]

In Focus: Missed Out on the Meme Stocks?

Did you miss out on GameStop's (GME) epic run in January? Did you also miss out on the runs made by Blackberry (BB), AMC (AMC), and Clover Health Investments (CLOV) recently? An even more important question is did you get caught holding the bag? Did you catch all of these stocks when the hype and the stock prices peaked and now you're holding a losing position?

If you've missed out or were left holding the bag it's because you're a bad surfer, but that can be fixed. In addition to telling you how to become a better wave rider I'm going to tell you where I'm putting my money for the next big run.

Patience Lad, Patience

When surfing, for maximum enjoyment, one paddles out into the ocean, waits patiently for a wave that they have the skill to surf, and then they ride that wave towards the shore. Surfers don't sit on the shore, and then swim towards the wave when they see a big one coming in hopes of riding it. The most important part to enjoying the surfing experience after getting in the water is waiting patiently.

The popularity of the meme stock has given rise to people riding into the wave as it approaches while also hoping to get a piece of the wave. Some have tried to hide under the label of "technical analysts," but it's not. Technicians, the good ones at least, have their entries and exits planned, they're not buying just because everyone else is.

If you're someone ready to wait patiently for the next big wave, then look no further than Bitcoin (BTC-USD). The cryptocurrency is down 42% from its $64,829 all time high in April, and is currently trading sideways, allowing smart investors to accumulate what they can before it goes on another big run.

The pullback in Bitcoin can be attributed to some negative news that came out over the past few weeks. Tesla for example, after initially announcing earlier in the year that it would accept Bitcoin as payment, the electric vehicle automaker changed course in May. The company suspended vehicle purchases using Bitcoin and cited environmental concerns for their reasoning. The impact of the announcement was severe, and not just to Bitcoin but the entire cryptocurrency market. CNBC estimates that Tesla's announcement wiped out over $300 billion in cryptocurrency value.

Then there was the former U.S. President Trump referring to Bitcoin as a scam in an interview. Not that the former president has shown any type of exquisite knowledge when it comes to cryptocurrencies or the markets, but his words did have a negative impact on the cryptocurrency.

Outside of negative news events, the rise of meme stocks has also played a major role in the slump of cryptocurrencies including Bitcoin. Since Elon Musk's appearance on Saturday Night Live that was supposed to send Dogecoin to $1, but didn't, Bitcoin and Dogecoin have been in an accelerated slide. Since that infamous Saturday night, AMC went on to register seven straight days of higher closes. Also GameStop found its most recent bottom on May 11, and made its run from $146.92 to $344.66.

Things may not be looking on the up and up for Bitcoin, but it's been here before. In January Bitcoin pulled back 27% down to $30,000 before making it's run up to $64,000. In 2020 the pandemic selloff took Bitcoin down about 50% from ~$10,500 to $5,000. Prior to the pandemic selloff, Bitcoin had another 50% drop. After trading up to ~$13,700 in June of 2019, Bitcoin found itself trading down to ~$7,100 in November of 2019.

Long story short, Bitcoin is in another pull back, and in the past it has rewarded its investors who bought in during the pull backs and waited patiently for the rise. But a rise in traditional stocks or cryptocurrencies typically needs a catalyst, and we believe Bitcoin has a few.

First, El Salvador became the first country in the world to adopt Bitcoin as legal tender. This is a move that I can see other economically unstable countries throughout the world adopting after monitoring El Salvador's adoption for some time.

Second, recently Miami mayor Francis Suarez has stated he wants to make Miami a crypto city. That's right, the city best known for beaches and Bentleys wants to let their residents pay their taxes and fees in Bitcoin, as well as allow government employees to receive a percentage of their salaries in cryptocurrency.

The bigger goal for Miami politicians is to make the city into a Silicon Valley of the south. How becoming a crypto city will play into being Silicon Valley Deep South is anyone's guess. But a city like Miami promoting Bitcoin transactions, a city where millions of people travel to every year to enjoy some of the world's best beaches, parties, and food, this could only help the price of Bitcoin.

While I've mainly kept the writing to Bitcoin, an Ethereum investment at these levels works as well. There are so many amazing things happening on the Ethereum blockchain. You've likely heard about the madness happening with NFTs (Non Fungible Tokens), but that's just a small piece of it. My prediction is that Ethereum will surpass Bitcoin by the end of the 2020s.

For investors looking to ride a big wave, this is the time to grab your surfboard and swim out into the ocean. Don't let the calm waters or the sideways trading of Bitcoin fool you. There is a big wave coming, and to ensure that you get everything you can out of the wave, you've got to be in the water now. Failure to move and invest with patience will leave you missing out or holding the back when Bitcoin makes its next big run.

[bullishcharts]

#Sundial #Growers (USA: #SNDL) Ready To Spring Higher! 🌼 [#TechnicalAnalysis]

#SundialGrowers #STONKS #Marijuana #Weed #MarijuanaStocks #LearnToTrade #Stocks #Options #Crypto #Bitcoin #TradeIdeas

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[manaclark]

ManaClark.com I had the most amazing time @forumscannabiscanada getting to meet all the people I speak to electronically speak on person, the passion and sense of inclusion in a tribe was something powerful and refreshing. Thank you @sundialgrowers @atbfinancial @cherylshumaninc (at Calgary TELUS Convention Centre)

[licensedproducers]

First Wave of Cannabis 2.0 Products Hits Ontario

“Very Limited Supply” Only Available in 27 Stores Province-wide – LPC

The first wave of cannabis 2.0 products hits Ontario today, though it may seem more like a ripple. The Ontario Cannabis Store (OCS), which manages distribution in the province, said that there is a “very limited supply”. A spokesperson said that supply to be gone soon. “We expect products to sell out within the first week,” said OCS chief of staff David Lobo. “But it will improve, week after week.” The OCS shipped vapes, tea, chocolates, and gummies to 27 retail stores. It delayed selling them online due to limited supply. That means legal edibles won’t be available to over half the province. There isn’t any mention in the article below about how many products are available right now. Lobo said that 59 different products will be for sale in Ontario soon. Another OCS spokesperson, Daffyd Roderick, said that only two licensed producers (LPs) had products ready on December 16, 2019. That was the first day cannabis edibles, extracts, and topicals were legally available for sale in Canada. Some provinces including Manitoba, BC, and Saskatchewan made the first wave of cannabis 2.0 products available that week. Retailers reported cannabis 2.0 products flying off the shelves the first week. Ontario, Alberta, and Quebec weren’t ready due to government-run distribution chains. (Quebec also banned certain cannabis edibles.) Lobo said the OCS will “speed up” delivery of edibles if and when LPs deliver more supply.

First Wave of Cannabis 2.0 Products Seen as the New Frontier – LPC

So far, Canopy Growth supplied two kinds of Tokyo Smoke-branded milk chocolate. Canopy stated earlier that it planned from the start to launch its first wave of cannabis 2.0 products in January. It planned to stagger the launch of other products after that. Canopy has also taken a cannabis beverage gamble with its new bottling plant that can produce five million drinks per month. Meanwhile, Auxly Cannabis Group delivered 12 offerings to the OCS so far. Its line of first wave of cannabis 2.0 products includes four vapes, five soft-chew edibles, and three types of chocolate. All are through its wholly owned LP Dosecann Inc. Other LPs that have shipped to the OCS include Aurora Cannabis, Aphria, Redecan Pharm, Sundial Growers, Organigram, and Cronos Group. Analysts are hoping that the first wave of cannabis 2.0 products will help create another cannabis bull market in 2020. This editorial content from the LPC News Team provides analysis, insight, and perspective on current news articles. To read the source article this commentary is based upon, please click on the link below. Click here to view full story at business.financialpost.com Read the full article