Last week’s top five performers among our Top Picks include one cannabis, three junior resource companies, and one technology company. The top performer, Chalice Brands (CSE: CHAL), was up 16.9%. Chalice recently announced an acquisition to expand its retail footprint in Oregon.

Global equity markets were down 2.5% last week. We have been anticipating a correction for some time, and had even discussed a catalyst in our report last week, titled “Weak Manufacturing Data and Slow Vaccination Rates to Delay Economic Recovery

Prices of mainstream metals were also down WoW, despite lower inventory levels

Last week, both Canadian and U.S. cannabis stocks fell as a result of the overall weakness in equity markets.

As of October 4, 2021, the Canadian big four LPs were trading at a 40% premium (down from 48% in the previous week) over their U.S. peers.

 

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Companies Mentioned:

Chalice Brands Ltd., Braveheart Resources Inc., East Africa Metals Inc., Latin Metals Inc., Doubleview Gold Corp., Goldplay Mining Inc., American Manganese Inc., Falcon Gold ,Gold Springs Resource Corp., New Age Metals Inc., Panoro Minerals Ltd., Quaterra Resources Inc., Renforth Resources Inc., Tudor Gold Corp., Ultra Resources Inc., Oculus VisionTech, Inc.,KWESST Micro Systems Inc.,BIGG Digital Assets Inc., TAAT Global Alternatives Inc., Kiaro Holdings Corp., Pure Extracts Technologies Corp., Ayurcann Holdings Corp., Halo Collective Inc., Captiva Verde Wellness Corp., Blueberries Medical Corp.