Global equity markets retreated last week as well, and were down 1.8% on average (down 1.4% in the prior week), amid hawkish statements by the Fed Chairman on Friday. We believe the upcoming inflation/jobs data for August will be crucial, as they will provide insights on the Fed’s move in its upcoming meeting in late September.
Valuations of gold producers were down 1% last week (down 4% in the prior week); base metal producers were up 4% (up 3% in the prior week).
The global MCAP of cryptos is US$945B, down 14% MoM, and 55% YoY.
Currently, there are 3,358 retail cannabis stores in Canada, a decrease of two stores WoW; both in Ontario. Over the past four weeks, there has not been any growth in retail store-count. However, as mentioned in our report last week, we do not believe the sector is slowing, rather we believe there is a shift in store locations, as certain areas within major cities are oversaturated.
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Companies Mentioned:
Hot Chili Limited, Ion Energy Ltd., Los Andes Copper Ltd., Bayhorse Silver Inc., Colibri Resources Corporation, Silver X Mining Corp., Skyharbour Resources Ltd., Yorkton Equity Group Inc., Chalice Brands Ltd.,
