92 Resources(NTY:V) Advancing in Uranium
The Uranium Industry has recently seen more exposure in the last weeks. The Basin is home to some the highest grade uranium in the world, as well as McArthur River, the largest producing mine. Coming in second in global supply, Canada was surpassed by Kazakhstan in 2009. With the end of the Megaton to Megawatt program, and increased global pressure to use clean energy, many countries have turned to uranium. This coupled with energy security concerns and greenhouse constraints on coal, has continue to keep uranium in the limelight.
Brad Wall, Premier of Saskatchewan, was on official trade business November 17-23 in India. In this time agriculture, clean coal technologies and uranium were discussed. On uranium, Mr. Wall said “We are looking for uranium exports to India and have held preliminary discussions with officials of the Atomic Energy Commission and hope to conclude an early agreement.”
One such early play, 92 Resources (NTY:V), a junior exploration company with claims in the basin, released some management discussion on their Mitchell Lake property today. The 2354 hectare claim is on the eastern edge of the Athabasca Basin, adjoining to the south, Cameco’s Mitchell Lake Zone and 2.2km to the south, UEX’s West Bear Deposit. Significant exploration projects in the immediate area include UEX’s Hidden Bay Project, Fission’s Minor Bay Project, Pitchstone’s Martin, as well as Projects controlled by Denison Mines and JNR Resources. NTY intends to complete a ground survey in the near term to further define diamond drill targets. This program is subject to financing.
Stimulating the Uranium Industry: New Catalysts?
Uranium plunged by US$6 a pound (or 13.6{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) over the past week to US$38. Last week it was breaking highs with 44$, up over 25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} from last year, but were unable to keep the new levels.. With 2 Fukushima reactors set to restart in 2015, the uranium sector has seen renewed interest in recent months. The spot uranium market is relatively small, so massive price jumps are normal. Today is to be noted though – this second largest week to week drop since ’96.
“Recent positive uranium spot price movements have failed to reverse the negative trend in the equities and, in the near term, equities will respond to macro news, such as in Japan where 19 of 26 assembly members recently voted in favor of nuclear reactor restarts.” Colin Healy, The Gold Report
Analysts predict that this may be the beginning of a long upward streak for the price of the commodity, however this may be sentiment driven. Most Uranium equities though have been affected with the TSX down more then 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} since August.
“We have heard from several sources that the recent price rally has been driven more by transient supply tightness and that over the medium term, the market remains well supplied,” Greg Barnes, Financial Post
With China committing to capping its carbon emissions by 2030, it plans for 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to be covered by renewable sources. The numbers that don’t seem real? 1,000 nuclear reactors, 500,000 wind turbines or 50,000 solar farms are required to cover this. Currently China has 23 reactors with 26 more being built – this shows that China still has much to do to met this commitment.
- Published in Blog
Canadian Securities Exchange to Bring Nasdaq’s Corporate Solutions to Issuers
Canadian Securities Exchange to Bring Nasdaq’s Corporate Solutions to Issuers
NEW YORK and TORONTO, Nov. 20, 2014 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq:NDAQ) today announced a new partnership with the Canadian Securities Exchange (CSE) in Toronto, to further its commitment to providing value-add Corporate Solutions offerings for listed companies in Canada. The strategic partnership will offer CSE’s issuers the full suite of Nasdaq’s market-leading Corporate Solutions products including investor services and targeting, public relations and governance solutions.
“Our solutions are built to empower companies to better inform and manage relationships with their investors, their boards and the general public,” said Paul McKeown, Senior Vice President, Corporate Solutions, Nasdaq. “This new partnership with CSE will bring our solutions and services to many new public companies listed with CSE, and expand our already significant presence in the Canadian market.”
CSE issuers will now have potential access to the Corporate Solutions suite of products including the Investor Relations desktop and mobile platforms, Advisory Services, Directors Desk and the GlobeNewswire press release distribution service. In addition to this new agreement, CSE has been a market technology customer of Nasdaq for over 10 years, operating on the X-stream trading platform.
“We are proud to be offering our listed companies some of the finest corporate services and solutions on the market through this new relationship with Nasdaq,” said Robert Cook, Senior Vice President, Market Development, Canadian Securities Exchange. “The CSE cannot emphasize enough the importance of communicating seamlessly and frequently with your key stakeholders while practicing good governance. We feel these offerings will strengthen our issuers and help them achieve their business goals.”
Nasdaq’s technology solutions are used by over 10,000 customers in 60 countries, consisting of public and private entities, exchanges, regulators and broker-dealers, and power over 100 marketplaces worldwide.
About The Canadian Securities Exchange (CSE):
The Canadian Securities Exchange is the only exchange providing trading and market information services for all securities listed in Canada. Recognized as an exchange by the Ontario Securities Commission in 2004, the CSE is designed to facilitate the capital formation process for public companies through a streamlined approach to company regulation that emphasizes disclosure and the provision of efficient secondary market trading services for investors. The exchange is home to more than 250 issues covering a broad range of industry sectors.
For more information please visit www.thecse.com and our blog at http://blog.thecse.com/.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or http://business.nasdaq.com/.
- Published in Blog
Cannabis and Alzheimer’s: Use Linked to Greater Connectivirty in the Brain
Cannabis Sativa. A annual herbaceous plant, it is a plant that has been used for centuries. First classified by Carl Linnaeus, cannabis has a long recorded history of use including relgious and spiritual purposes, medicine, recreation, industrial fibre, food, and seed oil.
It first became heavily demonized in the early 1900’s, and totted to have no medicinal value for decades. In recent years, research in cannabis sativa has begun to show a new story. A recent study by the University of Texas suggests that chronic use may be linked with greater connectivity in the brain. This may have great impact for those suffering from Alzheimer’s.
“What’s unique about this work is that it combines three different MRI techniques to evaluate different brain characteristics,” said Dr. Sina Aslan, founder and president of Advance MRI, LLC and adjunct assistant professor at The University of Texas at Dallas. “The results suggest increases in connectivity, both structural and functional that may be compensating for gray matter losses. Eventually, however, the structural connectivity or ‘wiring’ of the brain starts degrading with prolonged marijuana use.”
It is important to note that size and density of grey matter in the brain does not correlate to to lower intelligence or slower decision making processes – one can have a smaller brain and have a higher IQ.
Why is this important to the everyday investor looking at this industry? Cannabis Sativa is currently a schedule I drug, a class reserved for dangerous drugs with no medicinal value. It is research like this that allows legislators and policy makers to make informed descions.
If the status were to change, this would allow for greater access by the public and private sectors for a variety of purposes. Currently with heavily controlled legislation Health Canada expects this industry to grow over $1 billion in the first 5 years. As we learn more about this partially understood plant, who know what doors will open down the line?
Follow MomentumPR for new trends and tips on the Canadian Markets.
- Published in Blog, Medical Marijuana
The Seven Deadly Sins of Investing
All to often we are presented with trading advice for what to do, what to look for, when to jump… here is a different take on what NOT to do. Small cap investing can be a tough game, and avoiding mistakes is as important as making the right desicion.
“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” – Warren Buffett
Without further ado, I present James Boric’s (The Sleuth)
Rules for Small-Cap Investing: Repent Now! Avoid These 7 Deadly Sins
Be honest for a moment. Has something like this ever happened to you?
You are at a cocktail party or neighborhood barbeque. Your neighbor (the one you don’t like very much, but who thinks you are best buds) corners you between the hors d’oeuvres table and the horseshoe pit and starts talking about his recent good fortunes.
It turns out he made a windfall buying some startup biotech stock you’ve never heard of. A friend of a friend told him about the company and said it had a potential cure for breast cancer. It sounded legit, so he invested $10,000. Two months later he had enough money to pay for the brand-new BMW 5 Series sitting in the driveway across from your house.
The whole time your “bud” is telling you the story, you’re thinking, “How in the world can an idiot — whose claim to fame was when he lit his own hair on fire at the annual block party three years ago — make more money in the stock market than me? It makes no sense.”
Fueled by competition and envy, you immediately go home, log on to your computer and buy the same stock. Heck, if this moron can make a fortune, so can you. So you invest $10,000 too.
Rules for Small-Cap Investing:What Happens When You Don’t Follow the Rules
A month later, the company comes out with some breaking news. Its “sure-fire” cancer drug is no longer sure fire. Unexpectedly, it didn’t make it through the first phase of the FDA trials. To your horror, the stock immediately plunges and doesn’t stop until your $10,000 investment is worth a mere $500 (hardly enough to buy a scooter, let alone a new Beamer).
Sound at all familiar?
This is the scenario CFP John Wilkinson presented to 75 people at the Agora Financial Trader’s Conference in Puerto Vallarta, Mexico. He wanted to illustrate the routine mistakes traders and investors make that cost them a fortune — time and time again.
“The difference between professional traders and you,” John said on stage, “is that professional traders don’t fall victim to the seven deadly sins: greed, lust, envy, laziness, gluttony, pride and vengeance.”
The example of buying a stock in order to keep pace with your annoying neighbor is a classic case of envy. Sure, the story was a little over the top. But it happens all the time. And even if you haven’t fallen victim to the sin of envy, chances are you have violated at least one of the other six sins…
Rules for Small-Cap Investing: Deadly Trading Sin #1: Greed
This is where you desire more than you need. In the trading and investing world, greed rears its ugly head when you ignore price, asset allocation and position sizing. You buy too much of a “sure thing,” only to lose your shirt when you are wrong.
Remember, it is important to stay within your means any time you trade or invest. Never put more than 2-5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} in a single position. Make sure you have a blend of stocks (small cap, large cap, emerging markets, growth, value) and bonds in your portfolio. The idea is to position yourself so you make money in all markets — and not get crushed if one thing doesn’t go your way.
Rules for Small-Cap Investing: Deadly Trading Sin #2: Lust
You hear about a stock that has such a sexy story you just have to own it. All of a sudden, things like fundamentals, balance sheets and cash flow statements don’t matter. You are drawn to the possibility of triple-digit gains. And nothing is going to stop you from investing.
It’s like Ralph Wanger told me last year in his Chicago high-rise…
How many guys go to the same chic bar every weekend looking to “get lucky”? Twenty hot shots scale the bar up and down looking for the hottest woman in the room. Then at the end of the night they all make their move — hoping to take the girl home. Problem is…
As they all make their move, they form a wall of drunk and sexually frustrated men around this one woman. Inevitably, she wants nothing to do with any of them and walks home — alone.
“Wouldn’t it be a lot better to look in the local library to find a woman?” Wanger asked me. “Most men don’t look there. It’s out of the way and not thought of as a sexy hangout. But a guy probably has a better shot of finding someone he could share his whole life with at the library than at a crowded bar with tons of competition.”
The same is true in investing, of course. The best opportunities aren’t the ones everyone is talking about already. The real money will be made by investing in the companies flying below Wall Street’s radar screen — the ones buried away in some library stack.
Rules for Small-Cap Investing: Deadly Trading Sin #3: Envy
This is when you hear a “success” story from a neighbor, family member or co-worker. They tell you about the fortune they made on stock XYZ. Feeling left out of the action, you buy the stock as well. You end up making an emotional decision to buy a stock. That’s almost never a good idea.
The true greats of Wall Street (Buffett, Templeton, Price, Greenblatt and Whitman) spend hours and hours each day understanding the business they are investing in. They make sure the company is fundamentally sound. They base their ideas on cold, hard facts…not emotion. And that’s exactly why they are billionaires and your neighbor isn’t.
Rules for Small-Cap Investing: Deadly Trading Sin #4: Laziness
You buy a stock without doing any due diligence of your own. Maybe you hear about a hot tip from a friend. You read an article in the newspaper about a sure-fire idea. Or you overhear your racquetball buddy talk about an opportunity with his broker. At the end of the day you think to yourself, “I am tired. I don’t have any time to do this research on my own. I trust my friend. So why not?”
Come on! This is your money! You work hard for it. So why not make sure you know how it is being invested? Read a company’s annual report. Look at its balance sheet. Look at some simple ratios. It will take you about two hours and will save you from investing in companies with no future whatsoever.
Rules for Small-Cap Investing: Deadly Trading Sin #5: Gluttony
You have unrealistic goals on a trade or investment. The average person (believe it or not) expects to make 400{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} in three months on a trade!
This is the sin that drives me the most crazy. Let me tell you right now: you will NOT make 400{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} in three months! Forget it! The greatest investors of all time make between 14-30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} a year. So make sure your expectations are realistic.
Rules for Small-Cap Investing: Deadly Trading Sin #6: Pride
You make a decision to buy a stock and shortly after calling your broker, you realize your reason for making the trade was completely wrong. Instead of admitting your mistake and getting out for a small loss, you stay in the position. Inevitably, what happens? Your small loss turns into a very big one.
Rules for Small-Cap Investing: Deadly Trading Sin #7: Vengeance
After taking a loss on a position, you feel the need to blame someone. Whether it is your broker, your neighbor or your favorite small-cap editor, you spend a lot of time cursing someone else for your bad fortune — instead of learning and trying to understand what went wrong so you can improve moving forward.
At the end of the day, you have responsibility for your own portfolio. You should never invest in anything unless you are comfortable with the decision. Forget everyone else. Do what is right for you.
I recommend you print out this list of common investing mistakes. Read it every time you think about putting your hard-earned money into a stock. Make sure you aren’t falling victim to any of the seven sins. If you aren’t, chances are you will do just fine.
So go now and repent.”
- Published in Blog
Canada’s Newest Exchange – Aequitas NEO Exchange!
“We at Aequitas are on a mission to reverse the trends that currently trouble our markets, to restore confidence and to build a new exchange that puts the interests of investors and issuers first.”
-Jos Schmitt, President and Chief Executive Officer, Aequitas Innovations Inc.
On November 17th, The Ontario Trade Commission has recognized Canada’s newest exchange, the Aequitas Neo Exchange. It is expected to go online March 1, 2015. The last time this happened was the Canadian Securities Exchange in 2004. The ANE aims to limit high frequency trading with higher commissions as well as other bumps. Jos Schmitt, CEO of Aequitas Innovations, hopes to have 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the market in trade volume in the next 4-5 years, so its reasonable to expect some aggressive campaigns in the coming months for the exchange.
“We are thrilled to receive approval from the OSC to move forward and launch the Aequitas NEO Exchange,” Schmitt said.
“We appreciate the careful review undertaken by the OSC. We are now in a position to help promote confidence and build an exchange of the future using a bold new blueprint that puts investors, companies and their dealers first.”
Aequitas’ founding shareholders include Barclays Corp Ltd., a subsidiary of the well-known British bank; RBC Dominion Securities Inc.,telecommunications giant BCE; mutual fund companies CI Investments Inc. and IGM Financial (Investors Group); OMERS Capital Markets, the investment arm of the OMERS (the Ontario Municipal Employees Retirement System); and ITG Canada, a market maker.
- Published in Blog
Organigram (V.OGI) and the Massive Deal Everyone Missed
Right?
Organigram (TSX:V.OGI, Stock Forum) essentially secured an LOI for an off-take deal with a chain of ‘healing centres’ that would see them moving up to 4500 kilograms of medical marijuana through 2016, with a 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} increase each year beyond that for ten years, for use in the treatment of Post-Traumatic Stress Disorder (PTSD) by veterans, the military, and first-responders.
The math on this is simple: Organigram, even if they sell at a conservative $5 per gram, could sell 3 million grams just in 2016 alone, for $15m in revenue.
In 2015? $7.5 million.
This on top of its ongoing business.
Make no mistake, this is a big deal for two reasons.
- It locks in the first seven-digit revenue agreement in Canadian medical marijuana history, at a time when other companies are struggling to do six figures per quarter across the board.
- I’m led to believe this is an INSURANCE BACKED deal. That is, the healing centres are going to be treating the ill with medical marijuana and processing the costs through the patient’s federal insurance.That second point is potentially massive. It locks in ongoing revenues, allows patients to get access to plenty of medicine, and mainstreams the treatment to a point where insurance companies can become quickly conditioned to green-lighting medical marijuana for other conditions.
When insurance becomes part of the MMJ landscape, the profit party begins.
In addition, by moving into this space, Organigram can begin looking south, at a market where PTSD is so prevalent that a large segment of the population is either affected by it, or is close to someone who is.
Also part of the deal: THC will conduct research on medical marijuana and PTSD going forward to help mainstream the treatment.
Organigram, with this deal, graduates, leads and delivers on its promise.
Every other marijuana company out there is looking to grow their patient list, and Organigram just grew theirs by potentially thousands.
Trauma Healing Centers will open 13 centers across Canada as part of their phase one rollout. The first four centers will be in Edmonton, Ottawa, Quebec and the Halifax Region in January, with nine more opening across Canada by June 2015.
Why not open in Vancouver? Because Vancouver has a dispensary on every corner right now, most of which are moving gang-grown product and staffed by guys with neck tattoos and Affliction t-shirts. I’m told there’ll be city wide push to close most of those down in the New Year, which will open the market for real companies that have background checks and follow Health Canada rules to emerge. Good for patients, good for LPs.
I know other companies were talking to Trauma (AKA: THC – did you miss that?) about doing a deal, but Organigram CEO Denis Arsenault told me last week, “They were just treating it like a business opportunity. This is veterans. This is important. We’re going to make money on the deal but we’re not turning the screws, we want the product out there and there’s no greater need than those who’ve served and have PTSD coming home. So we’re working closely with Trauma and we couldn’t be prouder to have got their okay. Every one of us at Organigram considers it an honour to be able to help.”
Not a bad lead-in to Remembrance Day but, oddly, the market pretty much missed the significance of the news.
Organigram stock has been pushing in the green direction for a week or so but, to me, this deal is a company maker. It’s the first nuggets of the gold rush. Yet, the market barely nudged.
Why was that? Well, it’s what wasn’t in the press release: Dollar signs. We don’t know what margin OGI will make on the deal because we don’t have an agreed upon price. In addition, you always have to beware of the words ‘up to’ in any press release.
Organigram’s agreement binds it to supplying ‘up to’ 4500 kilograms through 2016. If THC fails to open its centres, or fails to attracts patients, that ‘up to’ figure could be zero.
Arsenault is convinced that’s not likely. “They’re already hiring, those centres are opening up.”
A casual search would indicate he’s right: Trauma Healing Centres are indeed hiring in Edmonton right now, though there’s no website yet (that I can find anyway). Still, nobody’s taking 3000 kilos of weed for a while yet.
There will be more deals like this, and each one from this point should be fiercely battled for by every licensed producer out there because forging one customer relationship at a time is a fool’s errand. Having reams of new patients handed to you every week is where it’s at.
When I talked to Arsenault, I asked him if this was the tip of the iceberg. He didn’t answer directly, but let’s just say, if you ever get a chance to play poker against him, take that chance.
His poker face is crap.
“We all know it’s going to go recreational legal,” says Arsenault. “When the dust settles, the people with the best product are going to capture a big part of the market.”
Aside from this deal, Organigram’s differentiators are its bilingualism (good for a hard push through the Quebec market, and nearly 30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the country’s population), and it has certified organic status, which no other company can boast. The organic thing could be a big help in getting access to doctors. Other producers claim they’re organic too because Health Canada says no pesticides can be used, but certification matters.
The stock, right now, is undervalued, as are almost all the LPs out there (the exception being Mettrum which has held well from its RTO), and a couple that appear to be near term MMPR candidates; Matica (CSE:C.GRF, Stock forum) and Supreme (CSE:C.SL, Stock Forum), for example.
The Canadian weedco marketplace is starting to become a place where real companies do business and, for mine, the rising tide of Organigram just lifted all boats.
Full disclosure: I invested in the last Organigram financing and still hold that investment. They’re also a Stockhouse marketing client, and I’ve also consulted with them on marketing strategy, so it’s safe to say I like OGI. You should be aware of that and take it into consideration before you make any purchasing decision based on this story, but you should also understand those three things happened because I believe the company is doing all the right things.
Read more at CEO.CA: Licensed organic grower vies for Canada’s pot prize.
–Chris Parry
http://www.twitter.com/chrisparry
Read more at http://www.stockhouse.com/news/newswire/2014/11/12/organigram-v-ogi-and-massive-deal-everyone-missed#IgIXv2cpjmp2ttXr.99
- Published in Blog, Medical Marijuana
Dundee Sustainable Technologies – Making big moves in South America
Dundee Sustainable Technologies (C:DST) is this relatively new company trading on the Canadian Securities Exchange. Over the course of it’s history this small cap company has developed several highly efficient and patented technologies, with efforts being put into licensing out their technologies in exchange for royalties.
On Oct. 31, 2014, Jose Louis Gioja issued a decree in San Juan in view of implementing DST’s proprietary cyanide-free technologies. San Juan Mining has committedto raising an estimated $100 million in order to set up a processing plant with a capacity of 200 tons of concentrate (6000 tons of ore) a day. In turn, DST would receive a 3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Net Smelter Return (“NSR”) on all precious and base metals thus produced. This is a major step forward for DST – this will be the 3rd plant for processing, and the second country to endorse their technologies.
Argentina (among other countries) has had many issues in the past over cyanide heap extraction. With blanket issues over heap leaching and the effects that these tailing ponds have on the environment, several provinces have banned the use of cyanide in mining. Without a viable extraction method, many projects in Argentina have simply stagnated. This is where DST comes in, with their new chlorination method.
Chlorination extraction has several distinct advantages over traditional methods. With high yields (90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}+), low contact time (avg. Several hours vs. Several days) and lower capital costs of about 10-15{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, this method is economically competitive. The most distinctive aspect though, is in it’s tailings – It only leaves behind Salt and Potash. No mecury. No cyanide.
Between the plant being set up in January and this, DST is looking about a provisional $60 Million in revenue stream. Considering they have been trading since April, they have made some great strides. And just think – this is simply one technology.
We might be seeing the tipping point on Dundee Sustainable Technologies.
Shanghai/Hong Kong Connect set to launch November 17th!
November 17th is going to be an exciting day for Canadian investors – The Shanghai/Hong Kong Connect is set to launch! This will integrate two previously unconnected exchanges. This is no paltry moment- here is the creation of potentially the second largest exchange in the world, with a combined market capitalization of US $7 trillion dollars and an annual turnover of US $9 trillion. International investors will be able to invest in 568 companies on the Shanghai Stock Exchange.
First thing to note though, is there are 3 types of shares on the SSE – A-shares, H-shares and B-shares. B-shares listed on mainland Chinese exchanges in foreign currencies, and are often less important. He important ones to note are A-shares, which are domestically traded shares in Shenzhen and Shanghai, and H-shares, which are Chinese companies listed in Hong Kong. Many companies have more then one kind of share. It is important to note, that it is common to see shares trading at different prices. For example, airlines H-shares are about 25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} lower.
Historically A-shares were known for their discounts, but no longer. Since the announcement of the Stock Connect April10, the Shanghai market has gone up 15{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, and the Hong Kong about 5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. Shenzhen’s market has gone up by about 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, though they are set to join later.
Having been known for censorship and inaccessible internationally, this will open new opportunities and investment for short and long traders alike.
- Published in Blog
Organigram (TSXV:OGI) has entered into a binding letter of intent with Trauma Healing Centers!
Organigram (TSXV:OGI) Has continued to show its innovation in the marketplace with its latest expansion.
Today, November 11th, Organigram entered into a binding LOI with Trauma Healing Centers. By June 2015 Organigram will cater to 13 new locations, including Edmonton, Ottawa, Quebec and Halifax. Medical marijuana has long been known to aid PTSD users, and this is a major step in bringing it to the public. This collaboration will bring about new research into PTSD and the use of marijuana as treatment. Organigram’s dedication the highest level of quality can easily be seen in its recent internationally recognized organic certifcation.
The current medical marijuana space has seen many turns. The recent changes in Oregon, Alaska and DC joining the legalized world of marijuana shows how new this industry is, and how quickly things are changing. We are only at the beginning of this North American emerging market! With over 1000 applications to Health Canada for licenses, Organigram’s early acceptance will allow them a strong foothold on the growing marketplace.
- Published in Blog