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PRIMO Nutraceuticals Inc. $PRMO.ca – Lawmakers pressure #FDA to make clear guidelines on #CBD $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 10:12 AM on Wednesday, December 18th, 2019

SPONSOR:  PRIMO NUTRACEUTICALS INC. (CSE: PRMO) (OTC: BUGVF) (FSE: 8BV) (DEU: 8BV) (MUN: 8BV) (STU: 8BV) provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. The company also offers fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Click here for more info.

Lawmakers pressure FDA to make clear guidelines on CBD

  • With the passing of the 2018 Farm Bill, farmers, manufacturers and consumers are keeping a watchful eye on the agency and how they might address compliance for the thousands of companies selling the product and the millions of consumers vying to use it. 

June 25, 2019, Senator Ron Wyden sent a letter to the Department of Health and Human Services and the Food and Drug  Administration urging both entities to provide clarity around CBD products derived from hemp.

The FDA has been under a magnifying glass since hemp was declassified as a schedule I drug, having formerly fallen under the thumb of the Controlled Substances Act of 1970.

With the passing of the 2018 Farm Bill, farmers, manufacturers and consumers are keeping a watchful eye on the agency and how they might address compliance for the thousands of companies selling the product and the millions of consumers vying to use it. 

Yet silence and lack of clarification on a potential path towards compliance for supplement producers has left many chomping at the bit for the agency to come up with regulatory guidelines for selling Food and dietary supplements containing CBD. In the interim, well-established companies such as Next Green Wave, Inc. (Next Green Wave, NGW:CSE | NXGWF:OTCQX) have continued to solidify their position in the market, ready and able to serve the exponentially growing demand of what promises to be a $20 plus billion-dollar industry.

A Slow and Arduous Process

In Wyden’s letter, the lawmaker criticized the FDA’s indication that it could take up to 3 to 5 years for the FDA to implement final regulations for companies to lawfully sell CBD infused foods, calling the suggestion “unacceptable.” Wyden wrote that he urges the FDA to quickly implement “enforcement discretion guidelines” by August 1, then issue an interim final rule pending a permanent rule so that companies will have clarity on how CBD  in food and dietary products will be regulated. 

This argument may have fallen on attentive ears, but as of the date of this publication, the FDA has yet to provide any clear established guidelines. Although the agency has wielded their powers against a handful of “bad actors”, their approach seems to be that of “wait and see” with regards to due process.

The letter penned by Wyden also stressed the economic impact growers in states like Oregon would benefit from by allowing CBD to be in more products, but are halted until the FDA gives the okay that CBD in ingestible products is lawful to sell and okay to use. 

However, this isn’t the first letter Wyden has sent to the agency regarding a regulatory pathway to CBD commercialization. In January the lawmaker co-authored a letter with Senator Jeff Merkley telling the FDA they must revamp current legislation around offering CBD products. Both senators advised former commissioner Scott Gottlieb to “immediately begin updating regulations for hemp-derived CBD and other hemp-derived cannabinoids, and give U.S. producers more flexibility in the production, consumption, and sale of hemp products,” according to the letter. 

FDA is listening to public demand for clear CBD regulations

The FDA has slowly but surely has been taking measures to develop guidelines around selling CBD ingestible-products. In late May, the agency held a public hearing allowing stakeholders the opportunity to share their reasons why the FDA-regulation for CBD food and dietary products is crucial, according to the Chicago Tribune

The agency also gave a chance for the public to weigh in on CBD regulation by opening a public docket for individuals to add comments. The deadline to submit comments was July 16, and the agency received over 3,000 comments, according to the Chicago Tribune. In conjunction with the open docket, the FDA also published an article July 17 echoing the agency’s stance on CBD and concern for public safety.

“We recognize that there is significant public interest in these products, for therapeutic purposes and otherwise,” the article said. “At the same time, there are many unanswered questions about the science, safety, and quality of many of these products. As we approach these questions, we do so as a science-based regulatory agency committed to our mission of protecting and promoting public health.” 

In the “Listening to and learning from stakeholders” section of the article, the FDA insists that relative questions must be answered in order to develop a clear pathway to regulate CBD products which include the following: 

  • How much CBD is safe to consume in a day? How does it vary depending on what form it’s taken?
  • Are there drug interactions that need to be monitored?
  • What are the impacts on special populations, like children, the elderly, and pregnant or lactating women?
  • What are the risks of long-term exposure?

In a second article published on the same day, the FDA stressed it has not approved any CBD products besides Epidiolex, a drug which treats seizures caused by epilepsy. And is currently working to figure out how CBD will affect body parts, special populations and pets. 

Since both the public hearing and window to submit comments to the FDA have both passed, the agency says it will review submitted information and intends to follow up with its findings “around the end of summer/early fall,” according to the Chicago Tribune. 

It is unclear if the FDA will tentatively meet this deadline, but the agency will most likely continue to be pressured by lawmakers and the public to provide a regulatory framework around the selling and obtaining CBD food and dietary supplements. 

Source: https://t2conline.com/lawmakers-pressure-fda-to-make-clear-guidelines-on-cbd/

Can Better Internet Connectivity in India Give Education a Push? – SPONSOR: BetterU Education Corp. $BTRU.ca $ARCL $CPLA $BPI $FC.ca #Edtech

Posted by AGORACOM-JC at 5:57 PM on Tuesday, December 17th, 2019
SPONSOR:  BetterU Education Corp. aims to provide access to quality education from around the world. The company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated ecosystem. Click here for more information.

Can Better Internet Connectivity in India Give Education a Push?

  • Leveraging internet connectivity, edtech apps are personalising practice sessions for millions of children
  • Using advanced technology like artificial intelligence and machine learning, edtech apps study individual student behaviour

By: Zisshan Hayath

Let’s go back to the time when Facebook first made its entrance in India. Most people didn’t have computers at home – and they would end up travelling a few kilometres just to reach a cyber cafe and access social networks. Instant messages and emails received slower replies and even owning a mobile phone was a luxury for the youth. Cheap mobile data was unheard of.

In just a little over a decade, the scene in India is completely different. Every other person, especially in urban areas, has access to mobile phones and laptops. India has one of the cheapest mobile data plans in the world. This has revolutionised the way mobile phones are used, even perceived.

Today, mobile devices have gone beyond their primary role of interpersonal connectivity. Today, mobile devices are a mode of convenience, entertainment, consumerism and education.

Initially, the term e-learning was only used in the context of large scale MNCs helping their employees learn on the go by eliminating classrooms. In the span of a few years, of the 300 million school going students, several million have registered themselves on e-learning apps.

So how is internet connectivity helping Indian students learn better for better results?

Accessibility:

In a traditional learning setup, quality teachers, books, and infrastructure are only concentrated in metros and education hubs. With the internet becoming easily affordable, eLearning apps leverage this connectivity to ensure that every child in in the country has access to high-quality teachers. Using live classes, children can watch India’s best teachers explain complex concepts, ask questions, and get them answered in real-time.

Personalisation:

The teacher-student ratio in Indian classrooms is extremely skewed, with one teacher for about 30-35 students on average. This number gets worse in tier II and III cities. Due to this, teachers cannot give students any personal attention. They use a one-size-fits-all approach for every child, without considering their aptitude, grasping power, strengths, and weaknesses. Due to India’s vast population and weak infrastructure, it is a mammoth task to improve this.

However, this can be easily resolved using edtech. Leveraging internet connectivity, edtech apps are personalising practice sessions for millions of children. Using advanced technology like artificial intelligence and machine learning, edtech apps study individual student behaviour.

Using this data, they start every student’s practice at a level that they’re comfortable with. The difficulty of questions is then increased until the student meets their individual learning goals.

24×7 Instant Doubt Resolution:

One of the key hindrances in every student’s learning journey is doubts. In a classroom set up, students end up waiting for weeks, if not months until the teacher completes the syllabus and then organises doubt-solving sessions. The end result is that the student’s learning journey is affected and so is their understanding of not just the topic in question, but other topics as well. They end up rote learning these topics, but this does not help when they appear for national level board or competitive exams.

Using internet connectivity, learning apps have created a chat platform where students can ask their questions. They are instantly connected to an expert who resolves their doubt for them in under a minute.

In fact, this platform, often called Live Doubts or Doubts on Chat has become so popular, that edtech apps are using natural language processing to create a bot that can answer student doubts instantly, based on the millions of questions asked earlier. If the bot cannot find an answer, or if the student has any further questions, the student can choose to chat with a live expert. As of now, over 25 percent of all doubts are solved using this bot.

Internet is bringing a revolution in every industry across India. From booking a cab to movie tickets, groceries, and games – every industry has undergone a major shift for the better. It’s now time for parents to embrace edtech and help their children learn better.

(Zishaan Hayath is the Founder and CEO of Toppr, a learning app that provides personalised learning for students studying for boards, Olympiads, and various engineering and medical competitive exams.) Chennai: In little over 3 months since video platform Tiktok ..

Read more at:
http://timesofindia.indiatimes.com/articleshow/72553189.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

ThreeD Capital Inc. $IDK.ca – Will 2020 Be The Year Of Enterprise #Bitcoin? #Ethereum $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 3:58 PM on Tuesday, December 17th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

Will 2020 Be The Year Of Enterprise Bitcoin?

  • Bitcoin is the most popular digital asset in the institutional trading world as it has the best trading options available, both spot and derivatives, proven track record with the longest history and availability of data.
  • This made some of the largest financial services institutions highly interested and in 2019 we saw the birth of several bitcoin products like Bakkt’s physically delivered bitcoin futures, Fidelity Digital Assets bitcoin custody solution and TD Ameritrade’s trading offerings.

Biser Dimitrov

It also the case for the large enterprises looking at blockchain as technology and wanting to innovate using easier payments over fast and secure transaction networks and processes built around smart contracts? Can they use the bitcoin blockchain as a foundation and place their middleware stack and end-user decentralized Web 3 and decentralized finance (DeFi) applications on top?

So far the majority of enterprise-focused blockchain development has been done on permissioned and private blockchain protocols like Hyperledger Fabric and R3’s Corda. This is mostly due to the fact that they offer sufficient privacy, scalability and transaction finality guarantees. Compared to them, development on top of the bitcoin blockchain was not seriously considered until recently when in May, Microsoft announced their permissionless, Decentralized Identifier (DID) network called ION running exclusively on top of the bitcoin blockchain. That triggered a shift in the sentiment that developers and enterprises should also consider bitcoin as a potential layer for enterprise blockchain development. For example, companies like Bitfury are already making significant progress with enterprise-tailored blockchain offerings like blockchain as a service (BaaS) using bitcoin as a base layer.

Let’s review how bitcoin stacks up as an enterprise-ready development platform. According to a recent Ernst & Young study among decision makers across the U.S., Europe and Asia, the major reasons to consider blockchain in general are:

· Preservation of data integrity – In this area bitcoin is the absolute winner as the most trusted and secure public blockchain. The bitcoin blockchain is currently secured by 97 quintillion hashes per second, or EH/s. Data integrity is priority number one for the maintainers of the bitcoin blockchain and they are very restrictive about any new feature that can introduce security bugs and potentially compromise the integrity of the protocol. The accuracy and consistency of the data can be easily observed and analyzed by simple blockchain explorers as well as by using surveillance tools like Elliptic, Elementus and Chainalysis.

· Ability to build new revenue/business models – Bitcoin currently has a $128 billion liquid market cap so building new models on top of it can unlock new significant revenue channels. Furthermore, the increased adoption of Layer 2 technology like the Lightning Network, which operate via channels and enable cheap and fast payments, will enable new business processes and ways to revenue.

· Increased operational efficiency – Since 2010, when certain opcodes were taken out of the core protocol, smart contracts were considered taboo in bitcoin. Lately, with the development of Blockstream’s Liquid and the new RSK framework, Schnorr signatures and Taproot will make smart contracts–like executions possible via sidechains.

Source: https://www.forbes.com/sites/biserdimitrov/2019/12/17/will-2020-be-the-year-of-enterprise-bitcoin/#402c169e3647

Deficit-hit #palladium takes aim at $2,000 ceiling in record run – SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 2:53 PM on Tuesday, December 17th, 2019

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

Deficit-hit palladium takes aim at $2,000 ceiling in record run

  • “Supply is tight in the palladium market and when you’re adding the speculation about a potential pick-up in demand due to recovery in the global economy, you have a perfect storm of bullish news continuing to keep it supported,” Saxo Bank analyst Ole Hansen said.

(Reuters) – Scarce palladium soared on Tuesday, nearing a breach of the $2,000 an ounce level for the first time, with a “phase one” U.S.-China trade deal driving prospects of a pick-up in demand and helping the autocatalyst metal extend a record run.

Palladium was up 0.6% at $1,989.58 an ounce at 1035 GMT, after hitting an all-time high of $1,998.43.

“Supply is tight in the palladium market and when you’re adding the speculation about a potential pick-up in demand due to recovery in the global economy, you have a perfect storm of bullish news continuing to keep it supported,” Saxo Bank analyst Ole Hansen said.

However, he added: “Liquidity is poor, which means that if we see a correction, it can be quite brutal and could take palladium back down towards $1,850, although there are no signs of that right now.”

The phase one trade deal has been “absolutely completed”, a top White House adviser said on Monday. However, Chinese officials have been more cautious, emphasizing the dispute has not been completely settled.

Palladium, used mainly in vehicle catalytic converters, has gained more than 57% so far this year because of a sustained supply crunch.

“We look set for an imminent test above $2,000,” MKS PAMP said in a note.

Elsewhere, gold prices rose due to uncertainty driven by a lack of concrete details about the interim trade deal.

Spot gold rose 0.2% to $1,478.41 per ounce. U.S. gold futures were also up 0.2%, at $1,482.90.

The trade dispute will be an influencing factor for gold throughout next year, said Commerzbank analyst Daniel Briesemann, adding a phase two deal would be much more difficult since a lot of critical issues had been left out of the current agreement.

“We must be prepared for some volatility and uncertainty. It’s not yet a done deal.”

Gold, considered a safe investment during political and economic uncertainty, has gained about 15% this year, mainly driven by the 17-month-long tariff war and its impact on the global economy.

Also helping bullion, European stocks slid from record highs on reports that Britain’s prime minister was ready to play rough in Brexit talks, souring sentiment somewhat after a record rally during the Asian session on the trade optimism.

Silver was 0.2% higher at $17.07 per ounce, while platinum gained 0.3% to $932.32.

Source: https://www.onenewspage.us/n/Business/1zkl56ztmy/Deficit-hit-palladium-takes-aim-at-000.htm

CardioComm Solutions $EKG.ca – #Mhealth Technologies Market Projected to Gain Significant Value $ATE.ca $TLT.ca $OGI.ca $ACST.ca $IPA.ca

Posted by AGORACOM-JC at 11:59 AM on Tuesday, December 17th, 2019

SPONSOR: CardioComm Solutions (EKG: TSX-V) – The heartbeat of cardiovascular medicine and telemedicine. Patented systems enable medical professionals, patients, and other healthcare professionals, clinics, hospitals and call centres to access and manage patient information in a secure and reliable environment.

Mobile Health (MHealth) Technologies Market Projected to Gain Significant Value

By: trendsmarketresearch

  • The global mHealth market should reach $46.2 billion by 2021 from $13.2 billion in 2016 at a compound annual growth rate (CAGR) of 28.6%, from 2016 to 2021.

Report Scope:

This new report on mobile health will provide a brief description of the current status of the industry and recent developments. It presents the changing environment, in terms of new challenges and opportunities for app development, remote monitoring and networking medical data. The report analyzes the market trends, leading service providers, therapeutic markets and the most popular mHealth applications, in terms of downloads and revenues.

Report Includes:

– A global overview of the mobile health technology market.
– Analyses of global market trends, with data from 2014 and 2015, estimates for 2016, and projections of compound annual growth rates (CAGRs) through 2021.
– A presentation of the changing mobile health technology environment in terms of new challenges and rising opportunities.
– Information regarding market trends, leading service providers, therapy markets, and the most popular mHealth applications.
– Insight into the second generation of mHealth devices, projected regulatory patterns, and innovative devices and services to be launched in the near future.
– Company profiles of major players in the industries covered.

Report Summary

Mobile health (mHealth) is the use of mobile and wireless technologies to support healthcare systems and achieve healthcare objectives. Digital health solutions have the potential to improve the quality of healthcare, to democratize medical knowledge and provide healthcare to billions or people who have limited or no access to services. The provision of healthcare remains high on the economic and political agenda and continues to demand a huge share of gross domestic product (GDP) in industrialized countries, where an aging population and increase in the prevalence of chronic noncommunicable diseases (NCDs) remains a challenge.

mHealth can provide better and more consistence solutions within the global healthcare environment and will change the way services are provided in the future. Smart devices and wearable are empowering individuals to more effectively manage their care, raising awareness, providing continuous monitoring and disseminating of information to the patient and healthcare professionals; driving a more proactive, patient-centric healthcare system.

Source: https://statsflash.com/mobile-health-mhealth-technologies-market-projected-to-gain-significant-value-by-to-2021/743242/

PRIMO Nutraceuticals Inc. $PRMO.ca – Here’s Why Dollar General $DG Has High Hopes for #CBD $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 10:27 AM on Tuesday, December 17th, 2019

SPONSOR:  PRIMO NUTRACEUTICALS INC. (CSE: PRMO) (OTC: BUGVF) (FSE: 8BV) (DEU: 8BV) (MUN: 8BV) (STU: 8BV) provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. The company also offers fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Click here for more info.

Here’s Why Dollar General Has High Hopes for CBD

By: Rich Duprey

  • Dollar General (NYSE: DG) is jumping on the CBD bandwagon, announcing it intends to start selling products infused with cannabidiol in 1,100 stores across seven states by spring 2020
  • Limiting its selection of goods to topical products such as creams, ointments, bath bombs, bath salts, and face masks. Edibles are not part of the plan.

Yet where grocery stores, shoe stores, pharmacies, and wellness stores have all previously said they, too, were joining the conga line of retailers selling CBD products, the dollar store chain’s entry has a greater chance of boosting its bottom line.

Image source: Getty Images.

Business is growing like a weed

Unlike many other retailers and even rival Dollar Tree, Dollar General is on fire, giving a master class in discount retailing in the third quarter. Sales rose 9% to $7 billion on a near-5% increase in comparable-store sales, generating a 13% rise in earnings per share. Management also raised top- and bottom line guidance for the year.

It was tough to pick out a category that was best, as it saw across-the-board sales increases, but it was enough for the discount chain to know it needed to pick up the pace of expansion. Where it expects to open 975 new stores this year, it plans on opening another 1,000 in 2020. In all, Dollar General will be involved in 20% more real estate projects next year than it was this year. 

That’s important because as it continues to reach further into all regions of the country, getting closer to its target customer, CBD products afford it the opportunity to accelerate that growth.

The madness of cannabis

Marijuana, cannabis, and cannabidiol all live in a legal purgatory. Although a number of states have legalized marijuana for personal use, it officially remains a controlled dangerous substance at the federal level.

Cannabis, on the other hand, essentially comprises two categories, marijuana and hemp, with the major difference being the presence of tetrahydrocannabinol, or THC, the psychoactive compound that gets a user high. While hemp does contain THC, it is at very low levels and not enough to get someone high. The 2018 Farm Bill removed hemp and hemp-derived products from its list of controlled dangerous substances.

CBD is one of over 100 compounds found in cannabis, but unlike THC, it doesn’t get you high. Also, where marijuana has very little CBD, hemp has a lot. Many also believe CBD has a variety of therapeutic properties, and though some studies have seemingly backed up the claim, there haven’t been very many studies, and the long-term implications from its use are still unknown. 

A green business 

The Food and Drug Administration is slow-walking the formulation of a coherent policy on CBD, which has put many retailers in limbo on just how best to proceed. What the FDA was clear about in its recent policy update, however, was that it is illegal to add CBD to food or supplements. That’s why you see retailers opting for topical applications of the compound. 

Cannabidiol has another benefit for the retail industry in that it enjoys over dried cannabis, or so-called legal weed. Consumers have demonstrated willingness to pay up for the compound, and there is a plentiful supply of CBD, suggesting profits will remain stable. 

That’s an attractive feature for low-margin businesses like grocery stores. But Dollar General, which sells merchandise at many different price points, tends to make up in volume what it loses out in product markups. Driving down the cost of CBD-infused products could cause consumers to flock to its stores. 

And for a discount chain, Dollar General is a relatively high-profit-margin business. Over the past five years, its operating margins stand at almost 9% and net margins are 6%. But compare that with other retailers that have announced they will be selling CBD products.

Retailer5-Year Operating Margin5-Year Net Margin
Dollar General8.9%6%
Dollar Tree8.4%2.5%
CVS Health 5.6%2.6%
Rite Aid 1.6%2.1%
Walgreens 4.6%3.5%
Kroger 2.6%1.9%

Data source: Morningstar. 

A smoking hot opportunity

The retail market is expected to be the biggest contributor to CBD’s growth, accounting for 60% of the forecast $20 billion in annual sales. Dollar General has the potential to bring CBD products to more people and attract a bigger share of the market because of its value proposition.

While there may be questions about the viability and efficacy of the CBD in the products it offers (a question that looms over all retailers selling CBD products), CBD has a higher chance of moving the needle for Dollar General than it does for anyone else. Source: https://www.nasdaq.com/articles/heres-why-dollar-general-has-high-hopes-for-cbd-2019-12-17

NORTHBUD $NBUD.ca – Ontario sold the most #cannabis in first year of legalization $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

Posted by AGORACOM-JC at 5:20 PM on Monday, December 16th, 2019

SPONSOR: NORTHBUD (NBUD:CSE) Sustainable low cost, high quality cannabinoid production and procurement focusing on both bio-pharmaceutical development and Cannabinoid Infused Products. Learn More.

Ontario sold the most cannabis in first year of legalization

  • Ontario accounted for $217 million in recreational cannabis sales — or 24 per cent of the overall Canadian market
  • From October 2018 to September 2019, followed by Alberta and Quebec, which sold $196 million and $195 million worth, respectively

By: Vanmala Subramaniam

Cannabis retailers in Ontario sold the most cannabis of any province in the first year following legalization, even though there was only one online store and 24 brick-and-mortar stores in operation for most of that period, according to new Statistics Canada data.

Ontario accounted for $217 million in recreational cannabis sales — or 24 per cent of the overall Canadian market — from October 2018 to September 2019, followed by Alberta and Quebec, which sold $196 million and $195 million worth, respectively.

The year following legalization saw more than 400 brick-and-mortar stores established across the country. Total adult-use cannabis sales from online retail stores amounted to $908 million for that period, far short of many estimates prior to legalization.

For instance, a June 2018 report from CIBC estimated that legal cannabis sales could reach $6.5 billion by 2020, with the potential to yield $1 billion in EBITDA. A similar report by Deloitte had forecast the legal cannabis market to generate $4.3 billion in sales in the year following legalization.

The StatsCanada data also observed a sharp decline in the number of consumers who purchased cannabis online, in tandem with the growth of the number of retail stores across the country. The share of online sales declined from 43.4 per cent in Oct. 2018 to just 5.9 per cent the following September, while the number of brick-and-mortar stores rose 88 per cent between March and July 2019.

Online retail stores — most of which are operated by provincial wholesalers — made approximately $120 million in the year following legalization, while brick-and-mortar stores raked in the remaining $788 million in sales.

Indeed, government-run stores have been struggling. Ontario Cannabis Retail Corp. which operates the Ontario Cannabis Store, lost $42 million in its latest fiscal year ending March 31, 2019. In New Brunswick, Cannabis NB, the crown corporation in charge of selling cannabis, recently said it was looking for a buyer, as losses piled up.

On a per capita basis, British Columbia reported the lowest sales values in the country at $10 per capita in the year following legalization. Ontario did not fare much better on that measure, with a per capita sales value of $15. Alberta, by contrast, had one of the highest per capita sales values at $45.

Statistics Canada attributed these vast differences to varying access to cannabis stores. In Ontario, for instance, just nine per cent of residents lived within a three kilometre distance to a cannabis store, whereas in Alberta — the province with the highest number of stores — 50 per cent of residents lived within three kilometres of a cannabis store.

The Canadian cannabis industry has, for the most part, struggled to meet expectations from both investors and consumers, with price, quality and accessibility being the key reasons why the sector did not take off at a rate many had hoped it would.

While the first few months of legalization were characterized by a supply shortage, the production ramp-up in the latter half of 2019 has now created the opposite problem: oversupply.

Cannabis producers are urging the Ontario government to open up the licensing process for retail stores, which they hope will lead to a sharp growth in the number of stores across Canada’s most populous province.

Source: https://business.financialpost.com/cannabis/cannabis-business/ontario-sold-the-most-cannabis-in-first-year-of-legalization-despite-low-store-count

#Palladium prices rally to record high – SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 4:24 PM on Monday, December 16th, 2019

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

Palladium prices rally to record high

  • “Palladium has been on a multi-year run that shows few signs of abating,” John Ciampaglia, chief executive officer of Sprott Asset Management

by Denton Staff Contributor

Palladium futures rallied Friday to their highest settlement on record, extending last year’s advance and narrowing their price spread with gold to the smallest in roughly 16 years.

“Palladium has been on a multi-year run that shows few signs of abating,” John Ciampaglia, chief executive officer of Sprott Asset Management, wrote in a recent report. “Palladium is close to becoming the most ‘precious’ of precious metals.”

Palladium, which is used in pollution-controlling catalytic converters on gasoline-powered vehicles, has been significantly narrowing its spread with gold prices.

‘Palladium is close to becoming the most “precious” of precious metals.’ John Ciampaglia, Sprott Asset Management

On Friday, March palladium  added $34.10, or 2.8%, to settle at $1,234.40 an ounce. The finish was the highest based on FactSet records dating back to November 1984, topping the previous record settlement of $1,201.30 from Dec. 19.

February gold  fell $9, or 7%, to finish at $1,285.80 an ounce dulled investment demand in the yellow metal. That helped narrow its spread with palladium futures down to $51.40, the lowest since November 2002, according to Dow Jones Market Data. The last time palladium settled higher than gold was in October 2002.

Overall, growing global demand for the industrial metal has fed worries about tighter supplies.

“While the escalating U.S.-China trade war hurt many commodities in 2018, it couldn’t dent palladium’s rise,” said Ciampaglia. “Demand for palladium was especially strong last year, as environmental concerns have prompted a global shift from diesel to gasoline and hybrid vehicles.”

“Not even the 2018 slowdown in China’s auto market, the world’s largest, dampened demand,” he said.

Auto sales in China, the biggest global market, were on track for their annual decline in three decades after plunging 16% in November.

News Friday on progress toward a U.S.-China trade deal was upbeat, however. China’s Commerce Ministry confirmed that a delegation of U.S. officials will travel to Beijing for a new round of trade talks on Monday and Tuesday, .

“Supply shortages continue to support palladium’s performance, with strong multi-year growth in palladium demand now straining a fixed supply,” Ciampaglia said. “Palladium is especially scarce and its supply is inelastic since it is usually a by-product of ores that are being mined for other metals, like platinum and rhodium.”

Source: https://dentondaily.com/palladium-prices-rally-to-record-high-now-nearing-golds-level/

CardioComm Solutions $EKG.ca – #Mhealth Market Latest Innovations and Industry Analysis $ATE.ca $TLT.ca $OGI.ca $ACST.ca $IPA.ca

Posted by AGORACOM-JC at 2:29 PM on Monday, December 16th, 2019

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Digital Health Market Latest Innovations and Industry Analysis

  • Rapid Adoption of mHealth Technologies Drives the Market
  • “Rising number of government initiatives aimed at promoting digital health solutions will enable growth in the market,”

The Global Digital Health Market is driven by several factors. “Rising number of government initiatives aimed at promoting digital health solutions will enable growth in the market,” said a lead analyst at Fortune Business insights. “In the coming years the digital health market is estimated to benefit from the uptake of IT in the medical industry,” he added. With the increasing use of smartphones across the world the demand for digital health services is growing owing to the rising adoption of mhealth apps.

Other factors such as the rising demand for in-house remote monitoring devices and increasing geriatric population will catalyze growth of the digital health and wellness services. Digital health over the past few years has become a game changer in the digital health industry. Digital health services help in monitoring diseases and provide access to electronic information of patients through tablets or mobiles. Doctors can check the complete digital health record of their patients and accordingly offer the best consultation. All the factors mentioned above are anticipated to boost the digital health market during the forecast period.

Read More: http://rentfint.com/2019/12/16/digital-health-market-latest-innovations-industry-analysis-segmentation-research-report-opportunities-forecast-till-2026/

ExtraClass disrupting Indian #EdTech space SPONSOR: BetterU Education Corp. $BTRU.ca $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 1:22 PM on Monday, December 16th, 2019
SPONSOR:  BetterU Education Corp. aims to provide access to quality education from around the world. The company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated ecosystem. Click here for more information.

ExtraClass disrupting Indian EdTech space

  • Google-KPMG report states the biggest barrier in the adoption of online courses in India is the unavailability of quality content at affordable prices.

By: ANI

New Delhi [India], Dec 16 (ANI/Digpu): Aditi Mishra, a class 12 student is determined to get admission into the prestigious Delhi University, which is known for its high admission cut-offs.

Aditi belongs to a small village of Ballia district in Eastern Uttar Pradesh. One of the problems, which the students from small towns and villages face is the lack of quality education.

One day, her friend recommended ExtraClass. She instantly fell in love with the app and how its teachers make even the most difficult concepts simple for students.

ExtraClass was founded by Delhi University alumni, Jaideep and Parteek Solanki in late 2018 and eventually registered as a private limited company by the same name “Extraclass EdTech Pvt Ltd.”, which offers comprehensive educational content along with real-time doubt solving on its app-based platform.

Parteek Solanki, CEO of Extraclass, is a cost accountant by profession and has previously worked with Indigo Airlines.

“High quality at affordable prices made Indigo one of the largest airline carriers in India. I always thought why we couldn’t do the same with online education, that’s where the inspiration came from!” said Parteek Solanki.

A 2017 Google-KPMG report states the biggest barrier in the adoption of online courses in India is the unavailability of quality content at affordable prices.

“Using technology as an enabler we at ExtraClass are trying to remove this barrier by providing courses at affordable prices,” said Jaideep, COO, Extraclass.

In the pre-revenue stage, the biggest motivating factor for the Extraclass team is when thousands of students from various parts of India regularly send thank you notes, explaining how the app has brought a positive change in their lives, by providing quality content at their fingertips.

ExtraClass app provides high-quality video classes, notes, practice tests, as well as doubt sessions for the students.

The Content is prepared by a team of expert teachers who also resolves students’ doubts. The App is currently available for class 10 to 12 CBSE board.

With a 4.8 rating, ExtraClass app has been consistently ranked as a top app on iOS and was trending 2 on Google play-store in September2019.

Moreover, the startup boasts of having more than 200,000 students on their platform in less than a year.

“80 per cent of the students come from tier2, tier3 cities and small towns. To tap the large vernacular language audience, we have to ensure our content is available in multiple languages for various state boards” said Parteek.

So far, ExtraClass has only created content in Hinglish (EnglishHindi) for class 10 and 12 and is looking forward to adding new classes and launch content in other regional languages as well.

Students in tier2, tier3 cities and small towns have access to high-speed internet; however, they don’t have deep pockets to pay for expensive online courses.

Extraclass comes as a saviour and provides free online classes to millions of school-going students in India.

Founders at ExtraClass EdTech are not worried about monetising for the moment.

“Monetisation can wait till we grab a major chunk of market share from the established players. “Low infrastructure cost and a larger student base will help us leverage on the economics of scale and the ExtraClass courses will be priced very aggressively, based on a pull model,” said Jaideep.

Extraclass is currently bootstrapped and yet shown strong traction which is hard even for many VC funded startups in EdTech space.

As a result of which, renowned VC firms like Mayfield Funds is showing interest in them. With several e-learning apps like Byju’s, Toppr, Unacademy and Vedantu, it’s tough to survive in a competitive world without any funding.

Looking at the overwhelming journey of the ExtraClass, external funds can surely add speed to their goals and who knows we may be looking at another unicorn in the making.

Source:https://www.bignewsnetwork.com/news/263409704/extraclass-disrupting-indian-edtech-space