Tokyo Smoke, a cannabis retail operator in Canada owned by Canopy Growth (NASDAQ: CGC,TSX:WEED), announced a collaboration agreement with Uber Canada (NYSE: UBER) whereby cannabis consumers will be able to use the Uber Eats app to order products before they visit stores.
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All readers are encouraged to perform their own due diligence.Ĭanadian cannabis retailer partners with popular delivery app The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.Įditorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. If there's someone you'd like to see us interview, please send an email to don't forget to follow us for real-time updates!
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Want more YouTube content? Check out our YouTube playlist At Home With INN, which features interviews with experts in the resource space. They're waiting on the US" - Dan Ahrens, AdvisorShares "Those big alcohol companies, tobacco companies, other consumer packaged goods product companies - they're waiting. Specifically, he expects to see alcohol, tobacco and other consumer packaged goods companies making deals with cannabis players, not just cannabis entities doing transactions with each other. He believes US reforms will come sooner rather than later, and in his opinion those widely anticipated changes will bring a wave of M&A activity. Still, Dan has hope for 2022 and said it will be a "huge year" for cannabis. and things dragged from there" - Dan Ahrens, AdvisorShares "Cannabis started with a big run-up in January and February. We'll be asking another question on Twitter next week, so make sure to follow us or follow me to share your thoughts.įinally, in the cannabis space, INN's Bryan Mc Govern spoke with Dan Ahrens of AdvisorShares to get his thoughts on 2021 trends and what's ahead in 2022.ĭan was candid, and said if he had to choose one word to describe the cannabis market in 2021, it would be "painful." Like many others, he's been disappointed in the industry's performance - while positivity initially ran high due to excitement about potential federal changes in the US, ultimately progress has been slow. By the time the poll closed, most respondents had voted for the US$1,800 to US$1,900 range. With gold's future in mind, we asked our Twitter followers this week what price they think the metal will be at the end of 2021. Gold will at least hold its own and probably appreciate … so by sitting it out in gold you can wait until the market finishes correcting and then buy back in" - Nick Barisheff, BMG Group Here's how Nick explained it: "Instead of taking your money off the table and going into cash … you go to gold (because cash is devaluing daily). In his opinion, the solution is to get out of the stock market early and transfer money into gold. He pointed out that investors are typically slow to get out of the market once a crash actually begins - they wait for a turnaround, and by the time it's clear there won't be one, they've experienced big losses. It's impossible to know when this correction will happen, but Nick emphasized the importance of acting before it's too late.
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What will cause it and when it will happen is anybody's guess - it could be tomorrow, it could be six months from now" - Nick Barisheff, BMG Group "The market is due for a major correction. Looking at the larger picture for gold, I heard recently from Nick Barisheff of BMG Group, who believes the stock market is due for a major correction. It has also emphasized that its roadmap may change if necessary. If the Fed follows its previously laid out timeline for tapering, it will wrap up in mid-2022 the central bank has said it won't raise rates until after that.