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[dispatchesfrom2020]

2020

Week 18: April 27- May 3

27: The Prime Minister of New Zealand, Jacinda Ardern announces they’ve had no new cases of community spread. Their policies - a strict lockdown and mandatorily enforced quarantine for international travellers - has effectively eliminated COVID in the country. Also the Pentagon releases images of a bunch of fuckin’ suspected UFOs in the story-I-clearly-missed of 2020. There is also increasing concern over the safety of farmworkers - many of them foreign nationals brought to the country on agricultural visas. Despite voluntary mask-wearing and hand-washing, the virus is rapidly spreading through many crews. At one greenhouse in upstate New York, 169 of the 340 workers test positive for COVID-19, many of them asymptomatic. 

28: It becomes increasingly apparent that many of the businesses who received government stimulus money were, in fact, large multi-billion dollar corporations. This money was intended to help small businesses keep employees on payroll, despite fewer customers and clients. As family-owned bars and restaurants across the city floundered, thousands of McDonalds, Dunkin’ Donuts, Papa Johns’ and Wendy’s franchisee’s snapped up available cash.

EDIT: Also - Mike Pence visits the Mayo Clinic and refuses to wear a mask because he’s more worried about shoring up his relationship with never-masker-Trump than he is about the patients of this world-famous healthcare facility. 

29: The White House declares their response to COVID-19 is a great success story. Beg to differ, dude. 

30: Tajikistan confirms their first cases of COVID - a bubble of five positives in capital Dushanbe and 10 others in another province. There are few uninfected countries left, honestly, and most of them are Oceanic nations who closed their borders early in the crisis. Donald Trump asserts that the virus originated at a virology lab in Wuhan - despite his intelligence agencies denying that coronavirus was man-made-or-modified. In Michigan, anti-lockdown protesters, again, take to the streets of Lansing - and eventually force their way inside the Capitol where they gather, menacing and armed. Retrospectively, it looks like a kind of non-violent dress rehearsal for the insurrection at the Capitol in January, as Trump supporters stormed the building looking to execute Mike Pence - and frankly any other congressman or woman they could get their hands on. Sick with COVID, the Russian Prime Minister temporarily steps down - the latest world leader to test positive.

1: Prime Minister Trudeau announces a ban on assault-style weapons in response to April’s deadly mass shooting in Nova Scotia. Meanwhile McEnany holds her first briefing as White House Press Secretary. It is the first official press briefing in over a year. Which is pretty fucking *insane* when you consider that there is a raging pandemic. 

2: North Korea’s enigmatic dictator reappears after a mysterious month-long absence. Rumours allege he was ill and required heart-surgery. What drew him back out and into the public eye? A ceremonial ribbon cutting for a *fertilizer* factory.

3: We learn about the threat of fucking murder hornets. The Asian Giant Hornet really live up to their name - they are the hulked out version of your least favourite insect and have a knack for separating honeybee’s heads from their bodies. They are dangerous to humans - about 30-50 people die in Japan, each year, as a result of hornet attacks. But the greater risks are to the already threatened local bee species - right now the invasive species are centered in the Pacific Northwest with colonies discovered near Nanaimo, White Rock, and parts of Washington state.

Entomologists are weird people. No fear of an ENORMOUS hornet, but you can’t get them to talk to a class of tarantula-and-cockroach loving fourth graders... 

photos: (1) Brent Stirton/Getty Images | (2) Jim Mone/AP | (3) Seth Herald/Reuters | (4) Ruth Fremson/New York Times.

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[deniscollins]

Marijuana Legalization in Canada Has Companies Chasing a Green Rush

The top 12 Canadian marijuana companies are now worth nearly 55 billion Canadian dollars, or $42 billion, and investors are snapping up the stock. Should the U.S. follow Canada’s lead and legalize marijuana on a national level: (1) Yes, (2) No? Why? What are the ethics underlying your decision?

Millions of dollars worth of marijuana plants sat under lamps brighter than the noonday sun as employees of Canada’s largest cannabis business bustled about the 47 giant growing rooms of its factory, which once made Hershey bars.

Now it’s home to Tweed, whose parent company, Canopy Growth, was the first Canadian marijuana grower to debut on the New York Stock Exchange.

Valued at more than $10 billion, Canopy is worth even more than Bombardier, the Canadian manufacturer that is one of the world’s largest makers of planes and trains, offering a stark example of this nation’s new get-rich-quick hope — the marijuana industry.

On Oct. 17, Canada is set to become only the second country in the world and the first major economy to legalize marijuana for all uses. Companies are clamoring to join in what some are calling a green rush.

“It’s like Seagram’s back when Prohibition was in place and just about to end,” said Deborah Weinstein, a lawyer in Ottawa who handled Canopy’s move onto the Toronto Stock Exchange, with the stock symbol WEED. “But it’s more than that. This has never been an industry.”

On the same day that marijuana becomes legal, the government will announce a program to make it easier for Canadians convicted of possessing small amounts of marijuana to obtain a pardon, according to an official familiar with the plan.

The official, who spoke on the condition of anonymity, said that because several details must still be worked out, the program will not become active immediately. Pardons are to be available only for people convicted of possessing 30 grams of marijuana or less, the legal limit under the new system.

The law limits the products that can contain cannabis; edibles, for example, will not be legal until next year.

The legislation also heavily restricts advertising and is laden with bureaucratic rules, including licensing and inspection requirements for producers.

But companies are already lobbying for more permissive rules.

The fervor is a little reminiscent of the dot-com boom of the 1990s. The top 12 Canadian marijuana companies are now worth nearly 55 billion Canadian dollars, or $42 billion, and investors are snapping up the stock.

Profits, though, are a dream of the future. At Tweed, for example, sales last year from the medical marijuana business were just 77 million Canadian dollars. The company lost 70 million dollars.

Some investors may be sorry. Not every marijuana producer now taking stock markets by storm will profit and survive, many experts believe.

There are 120 businesses licensed to grow medical marijuana, which has been legal in Canada since 2001. They are now poised to serve people who simply want to get high. In provinces where the private sector will handle retail sales, companies are scrambling for licenses to open stores.

Shoppers Drug Mart, the country’s largest pharmacy chain, has taken out a medical cannabis producer license.

Most big alcohol players appear to be sitting back for now, except for some investments, but analysts expect they will eventually get more involved.

A notable exception is Jakob Ripshtein, who used to head the Canadian operations of Diageo, the British-based liquor giant that makes Guinness beer and owns several of Seagram’s brands.

In May, he became the chief operating officer of Aphria, which owns an expansive and expanding marijuana greenhouse complex near Leamington, Ontario.

“Do I believe there are going to be different players coming into the industry?” Mr. Ripshtein said. “I absolutely do.”

Only dried cannabis, oils and seeds will go on sale this month. But the industry is dreaming up a future that will include products like cannabis-laced candies. At a large lab at Tweed, for example, scientists are laboring away under fume hoods on marijuana drinks.

[For future coverage of marijuana legalization in Canada and other Canadian news, subscribe to our weekly Canada Letter newsletter.]

There is also an industry around the industry, already making money.

Businesses have sprung up to create the software that allows growers to track their plants and final products, as the government requires. Marijuana growers are also voracious consumers of supplies like fertilizers, as well as energy.

And greenhouse makers now have a customer base beyond tomato and green pepper farmers.

Beyond that, abandoned factories, like the one Tweed operates in, have suddenly become hot properties.

Even Canadian news organizations have joined in. In Toronto, The Globe and Mail has hired reporters and editors to produce “Cannabis Professional,” a daily newsletter that will cost 2,000 Canadian dollars a year for a subscription.

David Campbell is one of those profiting from the boom.

Mr. Campbell, 50, has a background in management at companies that make machines dauntingly known as “supercritical fluid botanical carbon dioxide extraction systems.” Typically they decaffeinate coffee.

But they are also ideal for squeezing the active ingredients out of marijuana plants to create oil.

So in 2015, when Justin Trudeau was campaigning for recreational legalization (Uruguay legalized the drug in 2013), Mr. Campbell set up Advanced Extraction Systems in Charlottetown, Prince Edward Island, just to serve the cannabis industry.

Mr. Campbell hasn’t looked back. The company has sold 12 systems this year, including one to a medical marijuana company in Germany. Advanced has gone from one employee, Mr. Campbell, to 14, most of them engineers.

“We feel this is just the beginning,” Mr. Campbell said. “We’re targeting California hard now.”

Even seemingly minor announcements about the industry can create paper fortunes overnight.

In September, Tilray, a producer with headquarters in Nanaimo, British Columbia, said the Food and Drug Administration in the United States had given it permission to export a cannabis compound to the University of California, San Diego, for medical research.

The value of the sale is so small that the company declined to disclose it. But the news still sent Tilray’s stock price up by 78 percent, adding billions to its value. The excitement soon faded and its shares have dropped back toward their previous value.

Meanwhile, the size of the industry is anyone’s guess.

Statistics Canada, the census agency, estimated that last year Canadians handed over 5.7 billion Canadian dollars for marijuana, with 90 percent of that going to a vast black market of dealers and underground websites.

No one knows what will happen now to the illegal trade, with its greater selection and lower prices, although the government has vowed to stamp it out.

The biggest players in Canadian marijuana, including Canopy, came out of the medical marijuana system, which was greatly expanded about five years ago.

Bruce Linton, Canopy’s chief executive, acknowledged that from the first days of legal medical marijuana his mind was on the day that the much larger recreational market would open for legitimate business.

But he, like most in the cannabis business, sees the government’s tight limits on advertising and marketing as an obstacle to future profits.

The government requires that marijuana be sold in plain packages that feature large health warnings and tiny logos. Advertising is limited to what Health Canada, the federal department that regulates cannabis, calls “information-type promotion” and “brand-preference promotion” all of which must be kept away from the eyes of children.

No ads are supposed to appear until Oct. 17, but several companies have jumped the gun and run advertisements that bend — or possibly break — the upcoming rules.

Health Canada said in a statement that it has cautioned several of the companies.

At the same time, a steady stream of lobbyists to Ottawa has been pushing for looser marketing rules, among other things.

Federal lobbying records show that public servants, political staff members and cabinet ministers have received 583 visits or phone calls from marijuana industry lobbyists since Mr. Trudeau was sworn in as prime minister in November 2015. That includes 92 lobbying visits alone by Brendan Kennedy, the president and chief executive of Tilray.

In the Tweed factory in eastern Ontario, where children used to buy broken candy bars from Hershey, Tweed has a carefully appointed visitors’ center, museum, cafe and gift shop offering clothing and marijuana paraphernalia.

Visitors can learn that Louis Hébert sowed the first cannabis seeds in what would become Canada in 1606, and sniff the scents of the company’s various strains of marijuana.

The atmosphere is a more successful tech start-up than Cheech and Chong, with employees in white lab coats, disposable jumpsuits or black T-shirts, all bearing the company’s retro script logo.

One recent day in the visitors’ center, two of Tweed’s 2,000 global employees talked over social media strategies at a long table of artfully distressed wood.

Mr. Linton was there, too, preparing to meet the civic leadership of Smiths Falls to discuss a mural for an outer factory wall that would depict the history of the town and imagine its future.

He recalled when cannabis was hardly a sure bet.

For much of his career Mr. Linton was involved in several tech start-ups in Ottawa.

When he decided just over five years ago to leave tech behind to start a marijuana business, his associates and family members had a unanimous view that it was a “very, very bad idea.” They were almost proved right.

In its early days, the company twice ran out of money, Mr. Linton said, and narrowly avoided bankruptcy only because of a last-minute infusion of cash from hard-to-find investors.

Now investors have bet billions of dollars on his vision. And Mr. Linton declared that Oct. 17 will be a unique moment in Canada’s history.

“The epicenter of the public policy is here, and everybody’s coming to Canada from all the other countries to see how we do it,” he said. “Actually having home field for the first time ever in anything — this is amazing.”

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The Cannabis Resurgence: Five Stocks to Watch (TLRY, SGMD, HRVSF, CRLBF, APHA)

The cannabis space is undeniably in a turnaround phase. Individual names in the space have been establishing a series of higher highs and higher lows defining new upward trends. And the space is still moving under the radar in terms of crowd speculation. That’s generally the best scenario when it comes to identifying sector-based opportunities. The crowd gets involved in the final stage of a trend. The big gains are to be made by being early, when the action shows promise, the big fundamental factors are in second-derivative improvement trends, and the speculative money is still out of the picture. That’s the “buy”. The “sell” is when all the headlines celebrate the great action and the big opportunity, and your next door neighbor is talking about it. Cannabis is in that sweet spot “buy” zone right now, in terms of the sentiment cycle. Hence, it may pay to take note and make a short list of top candidates with promising underlying fundamental trends. With that in mind, here are a few names to put on your list: Tilray Inc (NASDAQ:TLRY), Sugarmade Inc (OTCMKTS:SGMD), Harvest Health & Recreation Inc (OTCMKTS:HRVSF), Cresco Labs Inc (OTCMKTS:CRLBF), and Aphria Inc (NYSE:APHA).   Tilray Inc (NASDAQ:TLRY) engages in the research, cultivation, processing, and distribution of medical cannabis. This is one of the highest profile names in the space. But if you look under the surface, it may also be the weakest because of the crushing burden of its debt-servicing costs at this point. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc. was incorporated in 2018 and is headquartered in Nanaimo, Canada. One of its key subsidiaries is High Park, which was launched to produce and distribute world-class cannabis brands and products for the Canadian market. Based in Toronto and led by a team with deep experience in cannabis and global consumer brands, High Park has secured the exclusive rights to produce and distribute a broad-based portfolio of cannabis brands and products in Canada, subject to applicable laws and regulations. And the stock has been acting well over recent days, up something like 18% in that time. Shares of the stock have powered higher over the past month, rallying roughly 36% in that time on strong overall action. Tilray Inc (NASDAQ:TLRY) generated sales of $46.9M, according to information released in the company's most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of -8.2% on the top line. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($96.8M against $92.4M).   Sugarmade Inc (OTCMKTS:SGMD) is a stock that deserves a close look right now because it appears to be establishing itself as a leader in the California cannabis delivery market through its controlling position in the BudCars juggernaut. BudCars is an emerging delivery leader with a couple hub locations in the Sacramento area. But the company is also in the process of expanding into the massive Los Angeles marketplace, which is particularly interesting given the announcement this week by LA county officials to expand the county’s stay-at-home policy until at least the end of the July. Stay-at-home is a monstrous boon for cannabis delivery on a thematic basis, which should now help to power fresh enthusiasm for SGMD shares. In addition, the company just announced record growth data for the month of April, with sales growing 58% on a sequential monthly basis over March sales on an average daily volume basis. In addition, data for the month of May already show a strong continuation of that trend, with May sales on pace to add another 16% over and above the strong breakout sales trend seen in April. “We did about $6,000 per day in sales in March and over $9,500 per day in April, representing a very robust growth trend at our Sacramento hub,” commented Jimmy Chan, CEO of Sugarmade. “May is already off and running at better than $11,000 per day, demonstrating continued dramatic growth. And investors should also note that this $11,000 per day figure represents activity in only one area. With our LA hub set to come online at the start of summer, and with the unprecedented stay-at-home extension in that region, we believe our daily sales in the LA area could triple that figure relatively quickly.” BudCars is undertaking an expansion in headcount to meet the current and anticipated sharp expansion in demand. SGMD now anticipates the upward shift in sales growth to help solidify its $30 million 2020 revenue target as a conservative target for sales this year.   Harvest Health & Recreation Inc (OTCMKTS:HRVSF) and its affiliates intend to sell a portfolio of equity and assets with respect to 13 operational and planned dispensaries in California to High Times for total consideration including up to $5 million in cash, $7.5 million as a one-year promissory note with 10% interest, and $67.5 million in Series A Preferred Stock issued by High Times. That’s big news powering the stock in recent action. According to the company’s communications on the deal, Harvest will retain select retail dispensaries and licenses for potential retail locations in California following completion of this transaction. Harvest Health & Recreation Inc. is one of the first consistently profitable, vertically integrated cannabis companies with one of the largest footprints in the U.S. Harvest’s complete vertical solution includes industry-leading cultivation, manufacturing, and retail facilities, construction, real estate, technology, operational, and brand building expertise — leveraging in-house legal, HR and marketing teams, along with proven experts in writing and winning state-based applications. The company has more than 525 employees with proven experience, expertise and knowledge of in-house best practices that are drawn upon whenever Harvest enters new markets. Harvest’s executive team is comprised of leaders in finance, compliance, real estate and operations. Harvest Health & Recreation Inc (OTCMKTS:HRVSF) managed to rope in revenues totaling $49.9M in overall sales during the company's most recently reported quarterly financial data -- a figure that represents a rate of top line growth of 123%, as compared to year-ago data in comparable terms. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($39.8M against $76.9M, respectively).   Cresco Labs Inc (OTCMKTS:CRLBF) trumpets itself as a company that manufactures and sells medical cannabis products in the United States. It offers cannabis dry flower; vaporizer forms of cannabis; cannabis oil in capsule, oral and sublingual solutions; cannabis in topical; and other cannabis products. The company also provides cannabis infused edibles, including chocolate and toffee confections, fruit-forward gummies, and hard sweet and chews. Cresco Labs Inc. sells its products under the Cresco brand. In addition, it operators a Hope Heal Health dispensary in Fall River, Bristol County, Massachusetts. Shares have been acting well over the past five days, up about 9% in that timeframe. Cresco Labs Inc (OTCMKTS:CRLBF) pulled in sales of $54.6M in its last reported quarterly financials, representing top line growth of 143.9%. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($70.2M against $194.7M, respectively).   Aphria Inc (OTCMKTS:APHQF) is probably the best fundamental value opportunity according to standard calculations employed by fund managers in the space. Most importantly, the stock is trading at about 1.7x sales with a strong balance sheet. The Company’s portfolio of brands is grounded in expertly-researched consumer insights designed to meet the needs of every consumer segment. “Rooted in our founders’ multi-generational expertise in commercial agriculture, Aphria drives sustainable long-term shareholder value through a diversified approach to innovation, strategic partnerships and global expansion, with a presence in more than 10 countries across 5 continents.” The company touts itself as one of Canada’s lowest cost producers, produces, supplies and sells medical cannabis. The company is truly powered by sunlight, allowing for the most natural growing conditions available. “We are committed to providing pharma-grade medical cannabis, superior patient care while balancing patient economics and returns to shareholders. We are the first public licensed producer to report positive cash flow from operations and the first to report positive earnings in consecutive quarters.” Aphria Inc (NYSE:APHA) pulled in sales of $120.2M in its last reported quarterly financials, representing top line growth of 454.5%. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($497.7M against $152.5M). Read the full article

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[michellesadventurelog]

Just on the Ferry from Nanaimo to Horseshoe bay in Vancouver.

When I was in the waiting area, there were some vending machines so I got a bottle drink, they started boarding passengers so I quickly decided to get a bag of chips. The bag got stuck in the vending machine and I wasn’t able to get it out. The last of the people were boarding so I had to leave my bag of chips worth $1.50. I’m kinda in a bad mood now because nobody helped me. They lady at the coffee shop right beside said “talk to the ferry people”, I mention it to the lady taking my ticket, “ask the people at the snack shop on board”, I ask the cash register guy, he says “ nothing I can do”. It’s not a lot of money, I’ve wasted more before but I’m just upset now. I also forgot to take a picture of my tragedy or I could have purchased another bag of chips to get it out, but i was flustered because I had to go. I think the fact that I’m still sick and have a headache doesn’t help. I angrily ate my rice crispy square I reluctantly bought on the ferry, it was delicious. >:(

[sixtytenboogie]

Five Causes to possess Your Cell Phone Repaired

In today's globe folks tend to throw away products that have turn out to be broken than to fix them. We appear to feel that replacing this item will somehow be more affordable, and simpler than fixing it. The truth is replacing your device is usually a lot a lot more high-priced than having it repaired. Within this write-up I might refer towards the iPhone in my top rated 5 causes only since it is among the most well-liked cell phones on the market nowadays. So why must you get your cell phone repaired instead of tossing it within the trash?

Price: If you appear in the cost of purchasing a brand new mobile phone out of contract, this may well price you more than $500 dollars. After you look at iPhone screen replacement you might be seeking to devote $30 to $130 depending on the solution you decide on. When you pick out to replace your screen yourself, you are able to obtain them off of your net for about $30. In case you pick out to possess a cellular phone repair skilled replace your iPhone screen, then you definitely could commit $130 dollars or less based upon the company. Taking this route could save you $400 dollars! The Environment: Cell phones in general are certainly not bio-degradable. This is not good for the atmosphere or the animals that live within the landfills. Lithium ion batteries can explode causing fires, and trigger a lot more harm to our environment. It really is constantly a great notion to take your undesirable cellular phone to a person who recycles them, or will re objective your cellular phone. I took an old Motorola Droid X and installed forensics software on it so I could possess a mobile cyber forensics device. Assisting the Economy: Most cell phone repair shops are compact businesses, and employ regional people. When you choose to have your iPhone serviced by an expert then you definitely could be assisting put cash back inside your neighborhood economy. You regional Sprint shop may be nearby, but they are a corporation as well as a smaller percentage of the cash you commit with them is kept inside your regional location. Your also helping a neighborhood business keep it really is doors open which is an additional cause to choose this alternative. Speed: If your within a hurry to possess that hand-held device of yours repaired most nearby shops can have your phone back to you inside an hour. That is terrific for all those of us who are always within a rush to obtain issues done. Even if there's no repair shop within your location, the majority of these hand held device specialist can have your telephone telephone repaired within 24 hours. Getting without your phone is no exciting, but it will nonetheless save you money inside the extended run.

Security: Because you will be keeping your device by having it repaired, you won't need to worry about losing data or possessing to erase information off of one's device. Quite a bit of people today don't understand that any time you erase your information by resetting your phone the facts is still there. You would should buy a special program that should erase all of that data off of the telephone in order for it to permanently be erased from the phones memory. All of these reasons tie with each other and truly open your eyes on the significance of repairing you hand held devices. I am not saying that you simply should really preserve them forever, but technologies is not moving that fast inside the cellular phone industry. Your camera, speed, and computer software in your device is not going to modify much over the next year or two. Upgrading your mobile phone whenever the newest and greatest model comes out will leave your pockets empty. Repairing your device is excellent for a lot of causes besides saving you money. Consider about this the following time you break your cell phone! Find out far more info iPhone Screen Repair Nanaimo

[thimsnire]

The Signs as Canadian Things

Aries: Cash Cab, Bob & Doug, garburators, basketball

Taurus: Ogopogo, Nanaimo bars, Jolly Jumpers, Canadian Tire Money

Gemini: The Terry Fox Run, Colo(u)r, The Dionne Quintuplets, bagged milk

Cancer: The Tim Horton's Double Double Visa, Peggy's Cove, Corner Gas, Hinterland Who's Who

Leo: The Calgary Stampede, Michael J Fox, toonies, Much Music

Virgo: ketchup chips, separatism, Ryan Gosling, eves-troughs

Libra: The Robertson screwdriver, John A MacDonald, Angela Anaconda, lacrosse

Scorpio: Are You Afraid Of The Dark?, toques, Banff, Bonhomme du Neige

Sagittarius: Degrassi, Stephen Harper, The Klondike Gold Rush, not having pennies

Capricorn: Maclean's, Jim Treliving, Heritage Minutes, freezies

Aquarius: McIntosh toffee bars, Drake, Molson, The Bay

Pisces: Boston Pizza, Holmes on Homes, Timbits, The Roughriders