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Weekly Cannabis Commentary

Weekly Cannabis Commentary Author: Sid Rajeev, Iftekhar Mahmud Cannabis Industry Performance Today, Florida-based Trulieve Cannabis (OTC: TCNNF) announced an agreement to acquire Arizona-based Harvest Health & Recreation (OTCQX: HRVSF) in an all-share deal valued...

Weekly Mining Commentary

Weekly Mining Commentary Author: Sid Rajeev, Head Of Research Six out of seven global equity indices we track returned positive returns last week. Weakness in the US$ drove mainstream metal prices higher. Once again, copper was the best weekly performer, as inventory...

Weekly Cannabis Commentary

Weekly Cannabis Commentary Author: Sid Rajeev, Iftekhar Mahmud Cannabis Industry Performance   Over the past week, a previously announced deal between Tilray (NASDAQ: TLRY) and Aphria (TSX: APHA) was completed. Green Thumb Industries (OTCQX: GTBIF) announced an...

Weekly Mining Commentary

Weekly Mining Commentary Author: Sid Rajeev, Head Of Research Global equity indices remained relatively flat last week. Among mainstream metals, nickel was the best performer, as inventory levels fell sharply on the SHFE (Shanghai). Valuations of gold producers were...

These Two Factors to Impact Cannabis Stocks This Week

  Among mainstream metals, nickel was the best performer, as inventory levels fell sharply on the SHFE (Shanghai). Valuations of gold producers were down 5% WoW; base metal producers were down 1%. Highly vaccinated nations such as the U.S., the U.K., and Israel,...

Apple Inc. (NASDAQ: AAPL) Q2 Will be Tough to Beat

Highlights Q2 (quarter ended March 2021) revenue beat market estimates by 16%, and our estimate by 7%. Earnings beat market estimates by 42%, and our estimate by 11%. Declared a cash dividend of $0.22 per share (payable in May), up 7% QoQ. [MM_Member_Decision...

Weekly Cannabis Commentary

Weekly Cannabis Commentary Author: Sid Rajeev, Iftekhar Mahmud Cannabis Industry Performance Over the past week, in the U.S., the Secure and Fair Enforcement (SAFE) Banking  Act passed the U.S. House of Representatives (for the fourth time) and will proceed to the...

Weekly Mining Commentary

Weekly Mining Commentary Author: Sid Rajeev, Head Of Research Global equity indices remained relatively flat last week.    Among mainstream metals, copper was the best performer, as inventory levels declined for the first time in several weeks.  Valuations of...

Is this a Signal for Consolidation in the Junior EV Metals Space?

Last week, a major consolidation lifted lithium stocks. ASX listed Orocobre Limited (ASX: ORE / A$2.30B MCAP) and Galaxy Resources (ASX: GXY / $1.95B MCAP) entered into an agreement to merge, and form the fifth largest lithium company by MCAP. We expect further...

Weekly Cannabis Commentary

Weekly Cannabis Commentary Author: Sid Rajeev, Iftekhar Mahmud Over the past week, there were no significant developments in the Canadian cannabis sector. In the U.S., Green Thumb (OTCQX: GTBIF) launched its cannabis-infused beverage brand ‘Cann’ in Illinois. GTBIF...

Weekly Mining Commentary

Weekly Mining Commentary Author: Sid Rajeev, Head Of Research All the global equity indices we track reported gains in the past week (orange bars), amid continued optimism of a global economic recovery. Precious and base metal prices reported gains last week,...

This Gold Producer Trading at Under 1x EBITDA Offers a 3.2% Yield

  Precious and base metal prices reported gains last week, primarily due to weakness in the US$ from lower yields. Valuations of gold producers were up 7% WoW; base metal producers were up 2%. Highly vaccinated nations such as the U.S., the U.K., and Israel, are...

Weekly Cannabis Commentary

Weekly Cannabis Commentary Author: Sid Rajeev, Iftekhar Mahmud Over the past week, Canopy (TSX: WEED) announced it will be acquiring Supreme (TSX: FIRE) for $435M. The deal implies an EV/R of 9x, which is lower than the industry average of 18x, and 11x of the Apria...

Weekly Mining Commentary

Weekly Mining Commentary Author: Sid Rajeev, Head Of Research Four of the seven global equity indices we track reported gains in the past week (orange bars), amid continued optimism of a global economic recovery. The U.S. Fed’s Chair, Jerome Powell, stated yesterday...

Weekly Cannabis Commentary

Weekly Cannabis Commentary Author: Sid Rajeev, Iftekhar Mahmud Last week, New York became the 17th state in the U.S. to legalize recreational cannabis. According to the New York Times, New York’s cannabis market is estimated to be US$4.6B, and projected to reach...

Weekly Mining Commentary

Weekly Mining Commentary Author: Sid Rajeev, Head Of Research All the global equity indices we track reported gains in the past week (orange bars), amid optimism of a global economic recovery. As shown below, the unemployment rate fell again, and consumer confidence...