After two years of wallowing in the dumpster, the cannabis sector is off and running again.
A big reason? Cannabis laws are beginning to loosen around the world.
That country’s Chamber of Deputies approved a bill on March 10 that legalizes recreational cannabis.
The next step is for the Senate to vote on the bill.
Members are expected to pass it.
Once they do, it will then go to President Obrador (who has signalled support for the measure).
The time was 2008.
The place, a supermarket in DeSoto, Texas.
Anita Ortez had just finished shopping there and was ready to head home.
But as she started her Toyota 4Runner, she knew something was very wrong.
Was that Ed?
Ed was a friend of my dad’s who used to be CEO of a multi-million-dollar consulting firm.
I hadn’t seen him in years…
Or so you’d think.
The Ever Given, the ship that clogged the Suez Canal for nearly a week, has been freed.
The backlog of 400 ships created by it has cleared through the canal.
M&A activity in the gold sector has been hot, hot, hot this month.
Since March 10th we’ve seen three major acquisitions of junior mining companies – which is not surprising when you consider that gold stocks have been underperforming of late. Gold producers that are sitting on a lot of cash have been able to capitalize on discounted prices, and with interest rates being so low, there’s also a lot of cheap money available to finance these kinds of M&A transactions.
Despite a shaky chart over the last few months, we remain bullish on gold in the long-term. We think there’ll be a lot more M&A deals happening in the sector in the coming months, especially acquisitions of juniors that are in possession of high quality deposits that are in production or near production.
Let’s take a look at what’s happened this month.
Dear Fellow Retail Investor,
Back in my hippie days (I’m old), I remember buying a bag of weed that reeked of mold.
Obviously I couldn’t complain to the Better Business Bureau about it.
Headquartered in Ayers, Michigan, Gage Cannabis Co. is a cultivator, curator, and retailer of high quality medicinal and recreational cannabis products. Gage also brings internationally recognized cannabis brands to market.
Despite its reputation, gold hasn’t really been the safe haven when things have gotten really ugly in the past.
In 2008, before starting a three-year bull run, gold dropped 30% in the panic sell-off.
Dear Fellow Retail Investor,
I once had an online business that sold holistic health information.
And over the 13 years I ran it, monthly income grew from $0 to about $3,000.
Not a fortune… but it was a hobby business I enjoyed (and I didn’t mind the extra money).
All that changed in 2012.
That’s when Google unleashed its Penguin algorithm.
On July 26, 2018 I bought some shares of a small Canadian biotech company at CAD $1.08 – of course, the price started to fall immediately after I bought it. Not a huge deal, I reassured myself as I watched the share price slide, and my money disappear right along with it. Ugh.