Global equity markets were down 3.4% last week (down 0.4% in the prior week) due to rising yields, concerns of a global economic slowdown, and COVID-19 cases/deaths in China. Markets were down the prior two weeks as well. We were not surprised with this decline as we have been predicting a correction in equity prices.
Valuations of gold producers were down 8% last week (flat prior week); base metal producers were down 12% (flat prior week).
Currently, the global MCAP of cryptos is US$1.85T, down 0.98% MoM, and down 11.25% YoY.
Currently, there are 3,190 retail cannabis stores in Canada, an increase of four stores WoW, including one in Alberta, one in B.C., and two in Ontario.
