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People are talking about psychedelic treatments and therapies and how it can help treat mental disorders and addictions. Many small biotechnology and pharmaceutical firms are also entering the market with the growing importance of mental health. There are two new psychedelic stocks that are trending nowadays and are in hot news- Numinus Wellness (TSX: NUMI) and Field Trip Health (TSX: FTRP). Numinus Wellness agreed to acquire Novamind (CSE: NM), a Toronto-based psychedelic firm, for an all-in share transaction. Numinus expects that this acquisition will bolster its financial performance by increasing its annual revenue and improving its margin through identified operating efficiencies whereas Field Trip Health (TSX: FTRP) was recently granted US Patent for FT-104, its first novel psychedelic molecule in development, and gained exclusive rights to its composition and protection until 2040. The psychedelic company earned C$ 1.36 million in patient services revenue in Q3 FY2021 compared to C$ 0.31 million a year ago.
Aurora Cannabis Inc is a vertically integrated cannabinoid company that caters to the medical and consumer markets. The stocks are traded under the symbol ‘ACB’. The company was incorporated as Milk Capital Corp on December 21, 2006. Aurora Cannabis Inc (TSX: ACB) created a buzz in the Canadian market on Tuesday after it announced to acquire TerraFarma Inc, which owns Thrive Cannabis.
Russia’s all-out invasion of Ukraine by air, land, and sea threatens to rattle the global supply chain and disrupt the export of commodities from both countries. At the same time, stringent US and European sanctions on Russia may further disrupt global energy and metal supplies. Ukraine is considered the "breadbasket of Europe", and impacts of the ongoing crisis between both nations is expected to hit the food supply chain. At the same time, Russia is one of the leading suppliers of crude oil and natural gas. Let's skim through the major commodities exported by both nations and the impact of war on the export of those commodities.
Stocks of Hut 8 Mining Corp. (TSX:HUT) climbed about 13 per cent on Friday, February 4, and closed at US$ 8.26 per share. It appears that the stock could get the attention of the investors due to some recent announcements made by the company.Additionally, as the cryptocurrency market has made gains in the past few days, it seems retail investors could explore cryptocurrency stocks to get exposure to the crypto market without directly investing in the market.Hut 8 is looking to expand its operations and recently announced that it has closed the acquisition deal to purchase TeroGo Inc., an operator of data centres.
In Q3 2021, Hut 8 achieved a record revenue of C$ 50.3 million. Meanwhile, the net income was C$ 23.4 million in Q3 2021 compared to a net loss of C$ 900,000 in Q3 2020.
A new cryptocurrency ahs been launched in the market. Pocket Crypto.
so What is Pocket Network & POKT crypto’s price prediction?
There is a war underway in the cryptocurrency world. At one front, the non-fungible tokens (NFTs) of projects like CryptoPunks and Bored Apes are fighting a price war, and at the other, metaverses of The Sandbox and Decentraland are competing in the virtual reality (VR) space.
A more heated war is underway on the blockchain network front. Here, Ethereum’s blockchain is the most formidable belligerent, but Solana, Cardano, Fantom and others are mounting a remarkable effort.
Away from the limelight is one blockchain network -- Pocket Network or the POKT crypto. What is the Pocket Network blockchain?
Pocket Network is built on a premise that though the blockchain world is claimed to be decentralized, the power may still be resting with big players like Ethereum.
Pocket Network is said to have over 20,000 nodes to make DApps truly decentralized. The protocol can route the transaction validation requests to independent nodes. It is said to make transactions cheaper, besides cutting on downtime risks. Pocket Network also claims to have support for blockchain games.
Decentralized Finance (DeFi) is one of the crucial segments of the cryptocurrency market. DeFi projects offer financial services using decentralized protocols and bring more conventional fintech firms to participate on blockchain-based platforms. DeFi platforms provide decentralized applications (Dapps) and asset management features using advanced technology. All the transactions in the space take place in crypto tokens. Every DeFi project holds its native crypto token to enable users to avail decentralized services. One of the defi I am interested in is Telcoin (TEL) - Telcoin (TEL) is a decentralized investment platform that allows users to exchange and reserve digital tokens.
Cryptocurrency has gained a lot of popularity in recent times and more than thousands of cryptocurrencies have launched. The surge in altcoin prices could be due to investors betting on the rapidly evolving cryptocurrency market and the increasing acceptance of digital assets and blockchain technology. Recent launch was fantom altcoin whose price has rose high in recent times. Although there was no development about the Fantom crypto, its price surged as altcoins often move in tandem. Fantom Crypto is the native utility of token of Fantom, a blockchain-based platform capable of running smart contracts. The Fantom project is capable of more advanced transactions and offers more features than simply exchanging cryptocurrencies. FTM crypto has a circulating supply of 2.5 billion tokens, and its maximum supply is around 3.2 billion tokens.
This year has seen the crypto space move deeper into the mainstream as more and more people invest in various digital assets across the market. As crypto has emerged so too has blockchain technology, which lays the foundation for cryptocurrency. With problems on the blockchain constantly being solved by new blockchains, the next year looks to be presenting some promising new projects that could change the face of the industry entirely. Ethereum’s network has been hampered this year by an increasing number of users making transactions on a blockchain whose technology sorely needs an upgrade. The upgrade in question – Ethereum 2.0 – has been delayed several times already but looks to be slated for completion next year.The move to Ethereum 2.0 will reduce transaction speeds and costs and will bring in the proof-of-stake protocol for mining, which is vastly more environmentally friendly than its current proof-of-work model.
Sun Life shareholders are now set to obtain a total of C$ 0.66 per share as a quarterly dividend, which is a 20 per cent growth from the previously announced dividend.Following the dividend surge, its stock hit a day high of C$ 71.56 on November 8. At market close, its stock price sat at C$ 71.51 apiece, up by 1.131 per cent.On November 8, the Toronto-headquartered company announced the addition of a supplementary dividend of 11-cent per share to the earlier declared payout of C$ 0.55 per share scheduled for December 31, 2021. Its stock has climbed by almost 17 per cent in the past nine months. Further, on a year-to-date (YTD) basis, it gained more than 26 per cent. The company held a return on equity (ROE) of 15.74 per cent, while its dividend yield stood at 3.076 per cent.
No doubt Warren Buffett’s Berkshire Hathaway has witnessed a decent recovery in operating income in Q3 as compared to Q2. Berkshire acknowledged that the quarterly performance was a stellar one as the conglomerate is bouncing back from a low base a year ago but is still unsure when results will indeed return to normal. At the peak of the COVID-19 crisis, Berkshire witnessed a massive slowdown, with its operating income dropping 10% in the second quarter of 2020 YoY and nosediving almost 30% in the next quarter.
The Office of the Superintendent of Financial Institutions (OSFI), on Thursday, November 5, lifted the pandemic-led prohibition that had halted dividend hikes and share buybacks for federally controlled banks.
The banking regulator of Canada had restricted such capital distributions in March 2020 to tackle COVID-led financial risks.
As shareholders rejoice this development, let us discuss five Canadian banks listed on the TSX that investors can look into in the hopes on increased dividends.
Cardano is one of the top five cryptocurrencies and a fast-growing cryptocurrency. Cardano is notable for its early use of a proof-of-stake platform on which developers may design blockchain-based applications. This method minimizes energy use while speeding up transaction times.
Cardano is widely regarded as a competitor to the Ethereum network. It has been functioning in large volumes continuously in terms of being liquid. Decentralized apps and smart contracts are also possible with it.
While Cardano is comparable to Ethereum in functionality, it operates differently and has the fundamental goal of improving the world.
Furthermore, the cryptocurrency's market cap skyrocketed from US$600 million to US$10 billion in just a few months following its inception in 2017.Cardano is now worth US$2.00 and has a market capitalisation of US$2,997,943,881. The cryptocurrency has grown by 1922.8%in a year. Cardano reached an all-time high of US$3.80 on 2nd September, after breaking past many all-time highs during the year.
How do you decide which cryptocurrency is the best to invest in? One of the best measures is returns. If your money is increasing, it doesn’t matter if it was parked in Bitcoin or some altcoin. Is everyone aware about these altcoins: Cocos-BCX (COCOS),Dogecoin (DOGE),Axie Infinity (AXS),Conscious Value Network (CVNT),Fantom (FTM),Terra (LUNA),Harmony (ONE)
The kind of news we are getting all over the world regarding crytpocurrencies, I guess we have to stop investing in them. Recent news came that " PBOC Says All Crypto-Related Transactions Are Illegal" * The People’s Bank of China (PBOC) has said that as cryptocurrencies don’t form a part of the payment system, the cryptos such as Bitcoin, Ethereum etc cannot be circulated in the market. * On Friday, Bitcoin was perhaps one of the first one to react to the statement as its prices immediately dropped by 3.70% and was trading at US $42,455.50. Now every crypto coin just dipped.
This week has been really full of turbulance for all the crypto holders. Crypto world has been devastated. There were many news related to cryptos such as EI Salvador became world’s first country to make Bitcoin its official currency.Salvadoran Government launched its wallet app called Chivo to transact using Bitcoin. But after this news the prices crash on the day when El Salvador adopts it as legal tender. Also, A bill has been introduced in Panama that will allow for the use of cryptocurrency for civil, commercial, and tax purposes.
Cryptocurrency & Crypto IPOs has become talk of the town in todays world. Every other person is so invested in crypto that it has become one of the famous. The cryptocurrency market has bloomed this year, and global financial institutions have been taking this digital asset seriously for the first time since its existence. Wall Street-based institutional investors and big banks have also started holding cryptoassets in their portfolios. cryptos like kraken, ripple,gemini are all set to launch IPOs
The Royal Bank of Canada (TSX:RY) saw its net income catapult by C$ 2.5 billion year-over-year (YoY), or 171 per cent YoY, to C$ 4 billion in the second quarter of fiscal 2021. The bank, which is the largest of its kind in Canada by market cap, released its latest earnings report on Thursday, May 27. Ahead of it, on Wednesday, RBC stocks jumped about one per cent to close at C$ 124.45. Hopefully to see a positive trend coming ahead. RBC’s pre-provision and pre-tax earnings amounted to C$ 5.1 billion in the latest quarter, reflecting an increase of 11 per cent so I dont think it will be a loss in keeping RY in portfolio
Vanguard S&P 500 ETF is so important to have in a portfolio that it has always managed to grab the top two oe three on the list. VOO is a highly liquid fund with high daily trading volumes. Vanguard ETF is one of the reputable fund based on a major market index. Also in Australian stock exchange, Vanguard Australian Shares Index ETF(vas asx) seeks to track the return of the S&P/ASX 300 Index.Vanguard’s investment approach provides investors with an efficient way to capture long-term market performance.
Insurance stocks can be a great choice for an investment portfolio, as they not only have the potential to provide long-term gains, but can also work when the market is volatile. And while the ongoing pandemic has been able to crumble quite a few enterprises, there has been one particular insurance firm that it has not been able to slow down. Its stocks, in fact, rocketed by a whopping 219 per cent over the past 12 months. This year, most companies are expected to shift the focus of their core strategies from the products and services they offer to the markets that they serve, an impact of which will fall on the insurance industry.
I wonder how cryptocurrency will perform in coming days. When every other country is giving news of being banning or restricting the crypto exchange this steep drop in crypto prices will I guess tend to continue. Combined value of nearly 10,000 cryptocurrency coins tracked by CoinMarketCap shrunk by US$ 1 trillion in less than a week, to settle at around US$ 1.3 trillion.Bitcoin itself lost as much as 29 per cent on Wednesday and was trading near US$ 30,000 apiece at around 9:30 am ET. It is now down by around US$34,000 from its all-time high of US$ 64,800 in mid-April, following the Coinbase listing.
Cannabis producer Fire & Flower Holdings Corp (TSX:FAF) has reported a 157 per cent year-over-year (YoY) increase in its quarterly revenue of C$ 43.2 million in Q4 FY20 The pot stock skyrocketed by about 61 per cent in the last one year, while securing a growth of over 18 per cent year-to-date (YTD). Its YTD growth currently outperforms the TSX 300 Composite Index, which grew by about eight per cent this year. Fire & Flower reported in its latest financials that is saw a 150 per cent YoY jump in its annual revenue of C$ 128.1 million in fiscal 2020. The company’s cash and cash equivalents amounted to C$ 30.6 million in the latest fiscal year, up from that of C$ 22.9 million in fiscal 2019.Its total gross profit stood at C$ 45.4 million in 2020, which was 35 per cent of its total revenue
Is It A Good Time To Invest In Dogecoin & XRP?
Elon Musk’s favorite meme-based cryptocurrency Dogecoin has recorded a new all-time high of US$ 0.145308, soaring over 28 per cent in the past 24 hours.Elon Musk’s meme-fest has raised ‘Doge’ traction among crypto enthusiasts and buyers. The EV maker has nearly 50.8 million followers on Twitter that tend to get influenced by his posts. These social media-based intraday traders have been pushing Shiba Inu dog-themed crypto coin. Most of them are setting a hold target level of US$ 1 per Doge.
Ripple’s XRP token is back on its bull-run even despite the ongoing legal tussle to resolve litigation from the US Securities and Exchange Commission (SEC). Ripple’s XRP token has grown more than doubled to US$ 1.96 per piece in the past one week. It is an eye-popping recovery for Ripple since 2018. The coin is glittering again, up 100 per cent up against its 52-week low of US$ 0.1742.On the other hand, XRP is more famous for its revolutionary speed and reliable international transactions. Ripple does not have miners that overlook the transactions, but rather use consensus mechanisms for transaction-checking. There is no main authority for this process, which secures an almost instant finalisation. Unlike Bitcoin, XRP is very eco-friendly because it does not require nearly the same amount of computer technology to operate. Also, Ripple is more popular among banks, rather than individuals.
The year 2021 seems to be showing a succession of up-and-down moves on each of the Australian benchmark index, S&P/ASX 200. The share market has been experiencing a huge market flux amid economic recovery hopes, fresh COVID-19 lockdowns, surging coronavirus cases across the globe, the continuation of vaccine rollout and rising bond yields.(news source:kalkinemedia)With millions of individuals receiving their vaccine shots daily worldwide, researchers are still concerned that it will possibly take years to immunize most of the world’s population against COVID-19. Health authorities are also showing concern to protect the world against the virus with herd immunity. Recently, the Centers for Disease Control and Prevention (CDC) stated that getting children vaccinated is vital to reach herd immunity.
The cryptocurrency fever has been taking hold of both institutional and retail clients over the recent months, stimulating demand for crypto assets like Bitcoin. The beloved cryptocurrency, Bitcoin, recently reached a new milestone on Monday by holding at a USD 1 trillion market cap for one week. The digital currency was last up 2.85% to USD 58,880.37 at the time of writing.A substantial surge in Bitcoin’s value pushed the total market cap of cryptocurrencies to USD 2 trillion on Monday. The market cap surged as gains over the past several months attracted interest from both retail and institutional investors.Tesla’s move follows digital payments company PayPal’s decision in 2020 to permit its customers to sell, buy and hold the crypto asset - Bitcoin from PayPal accounts directly. Encouraging the use of Bitcoin more thoroughly, PayPal has recently accepted Bitcoin for merchant payment.
Magellan Financial Group Ltd (ASX: MFG) soared by A$45.21 +0.81 (+1.82%). (source:kalkinemedia)
88 Energy Limited has successfully drilled the Merlin-1 surface hole to 1,512ft as planned and has also completed related activities.
88E has also inked a share subscription agreement with one of the major contractors for the operation to issue 360 million shares at $0.018. (source:kalkinemedia) The Company looks forward to imminently commencing Merlin-1 production hole drilling as well as complete the other planned activities at the project.
A recent news has came out in cannabis sector that Foothill Capital Management is looking to enter the world of ETFs. Good for those who are looking to invest in cannabis market. Recently and agreement to unlock another sizable potential market for Bod.Bod Australia said that the agreement with Drug Science UK to focus on the efficacy assessment of MediCabilis, to manage symptoms associated with the long-term impact of COVID-19 or long-COVID.(news source:kalkinemedia)
New Entries into ASX200.
ASX 200 increased 0.8% on Friday, however it edged lower Monday morning with a decline of almost 33% following the quarterly rebalance announcement. ASX 200 saw 6 new companies being added to the group with Hub24 and Nuix Ltd. leading the gains. All ordinaries Index saw the addition of 9 companies, while the ASX 300 index saw 11 new entrants, including Redbubble, Adairs, and Brainchip Holdings(Source:kalkinemedia)
The ASX 200, nestled within the S&P Indices framework, is a group of 200 largest companies on the stock market. Membership of the companies listed on the index are updated quarterly.
The US has approved three vaccines for the country: Pfizer BioNTech, Moderna, and Johnson & Johnson. Among the three only Johnson & Johnson vaccine is the only one dose vaccine. There are many countries which are relying on the pfizer vaccine such as US, UK, Canada, New Zealand, Australia.Three vaccines have been approved in Canada: Pfizer, Moderna, and AstraZeneca
Canopy growth firm - a cannabis-based company in Ontario has recently faced a major downfall after its CEO exits. This cannabis stocks faced a major downfall which is why a bold step was required to get back this firm on track.
Highly obliged to be the part of team GOOD TRADERS FORUM. I hope I will be able to see and find threads about some of the best stocks especially best penny stocks ASX as I am planning to buy some but have no idea which are good penny stocks available.