Global equity markets continued their rally, and were up 1.6% on average last week (up 1.3% in the prior week)
Valuations of gold producers were flat last week (up 3% in the prior week); base metal producers were up 2% (up 2% in the prior week as well).
The global MCAP of cryptos is US$1.16T, up 29% MoM, but down 42% YoY.
Currently, there are 3,367 retail cannabis stores in Canada, a decrease of three stores WoW, including one each in Alberta, B.C., and Ontario. This marks the second week with no store additions. As we have seen calculation errors in the past (by provincial stores), we are closely monitoring this data to confirm whether the sector is actually slowing down. We believe there is room for another 1,700 stores in Canada.