Global equity markets were up 1.3% on average last week (up 1.7% in the prior week).
Valuations of gold producers were up 3% last week (up 3% in the prior week as well); base metal producers were up 2% (up 9% in the prior week).
The global MCAP of cryptos is US$1.09T, up 20% MoM, but down 25% YoY.
Currently, there are 3,370 retail cannabis stores in Canada, unchanged WoW. As it is highly unusual to have no store openings in a week, we will closely monitor this data in the coming weeks to see if the sector is experiencing a slowdown. We believe there is room for another 1,700 stores in Canada.