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Very nice journalism. Positive times on the horizon!
Agreed. Significantly over sold and the future looks bright for those with a little patience.
Classic heavily beaten down….recovery time with a solid company and vision.
Added
Go Edmonton!!!
I’m counting on this. What a bump this will cause at that groundbreaking moment!
Added yesterday
That message makes no sense. Lol
That’s what I was looking for. Sign of what’s coming! WEED has been planning for US approvals.
Old news
CANOPY GROWTH SHINES A LIGHT ON MENSTRUAL HEALTH THROUGH CBD EFFICACY STUDY
Source: PR Newswire (Canada)
Study completed in collaboration with James Madison University reveals new ways to address menstrual-related symptoms with cannabis
SMITHS FALLS, ON, March 22, 2022 /CNW/ - Canopy Growth Corporation's ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC) scientific research team has announced positive results from a six-month, randomized clinical trial studying the effects of cannabidiol (CBD) on menstrual-related symptoms. This study was conducted in collaboration with Dr. Jessica G. Irons and Morgan L. Ferretti at James Madison University in Harrisonburg, Virginia. Nearly 75% of reproductive-aged menstruating individuals report experiencing unpleasant menstrual-related symptoms, ranging from cramping and bloating to back pain and shifts in mood including irritability and stress. This study marks the first exploration of the effects of cannabinoids for symptom management.
Over the course of six months, 40 participants who experienced moderate to severe menstrual-related symptoms were randomized to receive 160mg or 320mg of CBD, in divided doses twice daily for 5 days each month beginning the first day they experienced symptoms. Results showed significantly reduced menstrual-related symptoms over the 6 months relative to a one-month baseline, and the higher dose was also effective in significantly reducing irritability and stress over the same period. The data collected from this study is the first of its kind to demonstrate the efficacy of cannabis-based therapies to treat symptoms experienced by individuals, including those related to menstruation.
"Our findings showed that CBD improves a variety of physical and psychological symptoms associated with menstruation and can be consumed in a targeted way around an individual's menstrual cycle," shared Dr. Marcel O. Bonn-Miller, Canopy Growth's Vice President, Human & Animal Research. "Studies have shown that individuals report using cannabis to help manage their menstrual-related symptoms – however no study had been conducted that examined the efficacy of cannabinoids in this area."
Future research may be conducted to uncover the effectiveness of CBD at managing symptoms during and individual's reproductive phases of life and beyond, as Canopy Growth continues exploring promising, yet under-explored applications of cannabis.
Canopy is proud to offer consumers in Canada and the United States a wide range of CBD product offerings, from leading brands like Tweed, Spectrum Therapeutics, and Martha Stewart CBD (availability varies by region).
Added here
Sector In Focus Street-beating earnings from Canopy Growth (CGC) gave a lift to the overall sector of Canadian licensed cannabis producers. CGC reported a quarterly loss that narrowed from last year, coming in above the amount predicted by market analysts. Revenue dipped nearly 8% from last year, but the decline was not as steep as many analysts had feared. The company also saw sequential revenue growth. Boosted by the news, CGC advanced about 15% on the session. The strong performance spilled over to the rest of the sector as well,
Lol. Added yesterday. :)
Oversold
Bought a chunk of shares yesterday.
Added
Added
OMG. I thought I had lots. Lol
Solid point!
Something going on behind the scenes here??
Added yesterday. Love the technology and the business in place already.
The interview was yesterday with the head of Lion. Outstanding and that definitely jumped up awareness with some investors like myself who bought in today.
Jumped in here. Huge business opportunity becoming reality. Wish I found out about it earlier.
AT&T Chief Executive Officer John Stankey Updates Shareholders
Source: Business Wire
John Stankey, chief executive officer of AT&T Inc.* (NYSE:T), spoke today at the UBS Global TMT Conference where he provided an update to shareholders. He touched on the following areas:
Offerings continue to resonate with consumers across strategic areas of focus. Significant investment in network quality continues to drive momentum in healthy wireless and fiber trends. AT&T’s ability to invest in attractive wireless device pricing to both new and existing customers further supports its acquisition and retention efforts by driving long-term value and reducing churn. Stankey said that AT&T’s network performance, combined with these offers, has increased migration to unlimited plans. Given this trend, he expects that by the end of 2020 the percentage of wireless customers on unlimited plans will increase by 10 points versus the end of 2019. In addition, he noted that the company expects fiber additions of 1 million or more this year on the back of strong broadband demand trends.
HBO Max is seeing improved traction. AT&T has 12.6 million HBO Max activations, up from 8.6 million as of September 30, and the number of hours of engagement per week has increased 36% in the past 30 days. Ultimately, Stankey believes the company’s relentless commitment to customer experience and willingness to invest in its strategic areas of focus should yield improved customer connections and drive positive long-term value creation for shareholders.
Strong cash generation and disciplined capital allocation continue to give AT&T the flexibility to invest in market-based priorities of fiber, 5G and HBO Max.
The company remains on track to generate $26 billion or more in free cash flow for full-year 2020 with a full-year dividend payout ratio percentage in the high 50s%.1 Stankey also said he anticipates the company in 2021 will generate free cash flow in the $26 billion range1 (exclusive of proceeds from potential asset divestitures) and gross capital investment in the $21 billion range.2 Stankey also said that he is committed to sustaining the dividend and investing AT&T’s capital effectively to manage down the company’s debt structure over time. The company will provide its 2021 financial outlook and capital allocation guidance when it reports its fourth-quarter 2020 results on Wednesday, January 27, 2021.
Business transformation efforts will remain a priority for AT&T. Stankey said that he is pleased with the company’s progress in managing costs and corporate structure and overhead and will continue these efforts. He said a focus on efficiency has resulted in lower distribution costs even as volumes continue to improve and that the COVID-19 pandemic has further accelerated a move to digital customer engagement that was already underway. Stankey also reiterated that AT&T continues to take a deliberate and thorough approach to monetizing non-core strategic assets.
1 Free cash flow dividend payout ratio is total dividends paid divided by free cash flow. Free cash flow is cash from operating activities minus capital expenditures. Due to high variability and difficulty in predicting items that impact cash from operating activities and capital expenditures, the company is not able to provide a reconciliation between projected free cash flow and the most comparable GAAP metric without unreasonable effort.
2 Gross capital investment includes capital expenditures and cash payments for vendor financing and excludes expected FirstNet reimbursements.
*About AT&T
AT&T Inc. (NYSE:T) is a diversified, global leader in telecommunications, media and entertainment, and technology. AT&T Communications provides more than 100 million U.S. consumers with entertainment and communications experiences across TV, mobile and broadband. Plus, it serves high-speed, highly secure connectivity and smart solutions to nearly 3 million business customers. WarnerMedia is a leading media and entertainment company that creates and distributes premium and popular content to global audiences through its consumer brands, including: HBO, HBO Max, Warner Bros., TNT, TBS, truTV, CNN, DC Entertainment, New Line, Cartoon Network, Adult Swim and Turner Classic Movies. Xandr, now part of WarnerMedia, provides marketers with innovative and relevant advertising solutions for consumers around premium video content and digital advertising through its platform. AT&T Latin America provides pay-TV services across 10 countries and territories in Latin America and the Caribbean and wireless services to consumers and businesses in Mexico.
AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information is available at about.att.com. © 2020 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
This news release may contain certain non-GAAP financial measures. Reconciliations between the non-GAAP financial measures and the GAAP financial measures are available on the company’s website at https://investors.att.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201208006205/en/
Fletcher Cook
AT&T
Phone: 214-912-8541
Email: fletcher.cook@att.com
Daphne Avila
AT&T Inc.
Phone: (972) 266-3866
Email: daphne.avila@att.com
NTEK .015
Yes NTEK is trading....Green.
Back in!
Bang on! Stock, up up up
Nice volume!
Bang on. US approves or heads in that direction....sky rocket up will occur!
Go US legalization!! Market will grow exponentially.
Go WEED. Go US legalization!
FEATURE
It Isn’t Too Late to Buy Shopify Stock, Analyst Says. He Sees 26% Upside.
Shopify should continue to benefit from the acceleration in e-commerce that has been triggered by the Covid-19 pandemic, Wedbush analyst Ygal Arounian wrote.
Shopify should continue to benefit from the acceleration in e-commerce that has been triggered by the Covid-19 pandemic, Wedbush analyst Ygal Arounian wrote in a research note Wednesday morning, as he raised his rating on the stock to Outperform from Neutral.
The analyst raised his target on Shopify (ticker: SHOP) to $1,300 from $998, and concedes that he is a little late on his bullish call. But he still sees more upside ahead.
“We continue to see strength in Shopify’s near-term ability to capture share in e-commerce, and continue to see the pull-forward in e-commerce trends as being sustainable over time, driven in large part by ongoing changes to consumer habits,” Arounian wrote. “Those views haven’t changed, and they have kept us positive on the Shopify story despite our downgrade to Neutral last June. While we clearly missed material upside in shares over that time period, we have continued to view Shopify as a best-in-class operator, remaining on the sidelines primarily from what we viewed as valuation that already fairly reflected the underlying opportunity.”
Arounian addressed the fact that the upgrade comes with the stock and valuation near all-time highs.
“We continue to like the short-term trends and Shopify’s position to capture them, but this call is a longer-term one in addition to those trends, driven by Shopify’s position to capture share of the total retail [addressable market] as it builds out its retail OS,” he wrote. “In looking for a new entry point opportunity we were focused on looking for either a pullback or product launches that can sustain out-size growth and market opportunity over time.” He sees two significant growth opportunities in the company’s push into both fulfillment and point-of-sale software.
The analyst said he sees a $4 billion opportunity for the company in fulfillment by 2024 and $29 billion by 2029. For point of sale, he sees a $2 billion opportunity by 2025.
Shopify stock was up 0.5% at $1,030.39 near midday Wednesday. The Dow Jones Industrial Average was up 1.5%.
Write to Eric J. Savitz at eric.savitz@barrons.com
SECTORFOCUS BLOG
How Shopify Stock’s Triple-Digit Rally Could Keep Going
Goldman Sachs analyst Christopher Merwin raised his target for the stock price, while reiterating a Buy rating on the shares.
Shopify stock has soared well over 100% in 2020, yet Goldman Sachs argues that the continuing shift to digital sales means that the cloud-based commerce platform’s run is just beginning.
Analyst Christopher Merwin reiterated a Buy rating on Shopify stock (ticker: SHOP) on Monday, while raising his target for the price to $1,318 from $1,286. Shopify stock was off 2.6% to $878 in early trading amid a broad selloff that dragged futures on the S&P 500 down by 1.7%.
He said the company’s most recent results marked a “landmark quarter for Shopify in many ways,” including big gains in gross merchandise value (GMV) as more people grow more comfortable shopping online in the age of Covid-19, while it also continues to innovate quickly in solving problems for merchants.
As Barron’s has noted before, the easier a transaction feels to a consumer, the more likely they are to make the purchase. Similarly, Merwin believes that the more Shopify does to offer solutions to merchants, the more it will benefit.
At the moment, Shopify Payments is the largest contributor to merchant solutions, totaling about 73%, he estimates, by the end of the year. GMV has been growing consistently in this division—from 38% in fiscal 2017 to 45% in the most recent quarter—a trend he thinks can continue.
Shopify Capital, the second-largest contributor to the merchant solutions business, can grow at a 16% compound annual growth rate for the next 20 years, he believes.
Yet Merwin is also confident that “the introduction of newer services such as Fulfillment Network, Balance, Installment Pay, etc. will be key components” of Shopify’s success. At the moment, the company’s international shipping business is small, compared to its North America operations, but he sees it growing over time.
In addition, the company launched installment payment options, without additional fees, this May. The flexibility that creates for consumers should encourage more to decide in favor of making purchases.
Of course, Shopify’s prime positioning at the center of e-commerce hasn’t gone unnoticed. The shares had soared nearly 127% year to date through Friday’s close—helped by robust earnings in July—making it Canada’s most valued stock this summer. Nor is this the first time Merwin has raised his price target to keep pace with the rally.
Write to Teresa Rivas at teresa.rivas@barrons.com
See the trend wanting to push positive.