Posted by AGORACOM-JC
at 5:23 PM on Wednesday, March 18th, 2020
First Class CBD has launched a new “immune support” product that has generated significant demand since it was released
This is the first of a number of new CBD products aimed at promoting personal immune health that First Class is developing
During the first four days, company acquired over 1,000 customers and will be scaling rapidly
VANCOUVER, BC / March 18, 2020 /Mota Ventures Corp. (CSE:MOTA)(FSE:1WZ1)(OTC:PEMTF) (the “Company“) announces that First Class CBD has launched a new “immune support” product that has generated significant demand since it was released. This is the first of a number of new CBD products aimed at promoting personal immune health that First Class is developing.
One of our primary competitive advantages as a business is our
ability to adapt to market changes. With the immense demand in the
market for products to promote personal immune system health, we
launched a First Class immune product; during the first four days, we
acquired over 1,000 customers and will be scaling rapidly. Next week we
will be launching a complete line of immunity products, including a CBD
oil plus B-vitamins, Vitamin C and Zinc.
Our mission is to provide pure and efficacious products to our
customers that depend upon us throughout the United States and Europe.
Our supply chain is functioning uninterrupted. The Company has
personally met with suppliers in the United States and are confident in
its ability to continue to meet the demands of the current sales volume,
and new product lines for March 2020 and beyond.
“I am extremely pleased with the success of our launch of our new
product line. Our ability to adapt and innovate is stronger than ever.
Demand for our new immune category has been exceptional and I believe
this will be a significant driver to revenue in 2020,” stated Ryan
Hoggan, CEO of the Company.
About Mota Ventures Corp.
Mota is seeking to become a vertically integrated global CBD brand.
Its plan is to cultivate and extract CBD into high-quality value-added
products from its Latin American operations and distribute it both
domestically and internationally. Its existing operations in Colombia
consist of a 2.5-hectare site that has optimal year-round growing
conditions and access to all necessary infrastructure. Mota is looking
to establish sales channels and a distribution network internationally
through the acquisition of the Sativida and First Class CBD brands. Low
cost production, coupled with international, direct to customer sales
channels will provide the foundation for the success of Mota.
ON BEHALF OF THE BOARD OF DIRECTORS
MOTA VENTURES CORP. Ryan Hoggan Chief Executive Officer
For further information, readers are encouraged to contact the
President of the Company, Joel Shacker, at +604.423.4733 or by email at [email protected] or www.motaventuresco.com
Neither the Canadian Securities Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Canadian
Securities Exchange) accepts responsibility for the adequacy or accuracy
of this press release, which has been prepared by management.
All statements in this press release, other than statements of
historical fact, are “forward-looking information” with respect to the
Company within the meaning of applicable securities laws, including with
respect to the business prospects of First Class CBD and its new
product lines, its plans to become a vertically integrated global CBD
brand, its plans to cultivate and extract cannabis to produce CBD and
high-quality value added CBD products in Latin America for distribution
domestically and internationally. The Company provides forward-looking
statements for the purpose of conveying information about current
expectations and plans relating to the future and readers are cautioned
that such statements may not be appropriate for other purposes. By its
nature, this information is subject to inherent risks and uncertainties
that may be general or specific and which give rise to the possibility
that expectations, forecasts, predictions, projections or conclusions
will not prove to be accurate, that assumptions may not be correct and
that objectives, strategic goals and priorities will not be achieved.
These risks and uncertainties include but are not limited those
identified and reported in the Company’s public filings under the
Company’s SEDAR profile at www.sedar.com.
Although the Company has attempted to identify important factors that
could cause actual actions, events or results to differ materially from
those described in forward-looking information, there may be other
factors that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that such information
will prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements. The Company
disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information,
future events or otherwise unless required by law.
Posted by AGORACOM-JC
at 4:22 PM on Wednesday, March 18th, 2020
Closed a $903,000 non-brokered secured convertible loan at 12% per annum, with a related party
Loan is secured by a subordinated Hypothec on the Universality of Movable Property over all of the present and after acquired moveable property and assets of the Company.
MONTREAL, March 18, 2020 – PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the “Company”, the “Corporation†or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch systems, is pleased to announce today that it has closed a $903,000 non-brokered secured convertible loan at 12% per annum (the “Loanâ€), with a related party.
The Loans bears interest at the rate of 12% per annum, with interest
payable in cash on a quarterly basis in arrears and matures September
17th, 2021. The Loan is convertible into common shares of the Company
(each, a “Common Share”) at a conversion price of $0.28 per Common Share
(the “Conversion Price”). The Common Shares issuable on conversion of
the Loan will be subject to a statutory hold period of four months and
one day from the closing date.
The Loan is secured by a subordinated Hypothec on the Universality of
Movable Property over all of the present and after acquired moveable
property and assets of the Company.
PyroGenesis intends to use the net proceeds from the Offering for
general corporate purposes. The Offering is subject to the final
approval of the TSXV.
P. Peter Pascali, CEO and President of PyroGenesis, provides the following situation update:
“As a global Covid-19 pandemic sweeps across the globe, it would be
an understatement to suggest that these are trying times. The world
finds itself in uncharted and precarious territory, a show that has no
script. What is certain is that the future is not as certain as we
thought it was mere weeks ago. At PyroGenesis, the health, safety and
wellbeing of our people, and community, is our number one priority. As
such, we immediately implemented an emergency work-from-home policy and,
as such, work continues without material interruption. We have also
secured our supply lines which, to date, seem to be in order. As a
cautionary second step, we managed to secure this loan which we
announced today, from a related party, to shore up any unforeseen events
that may arise from the current situation. We thought this to be
prudent under the circumstances.
Current events are presenting a unique set of challenges to
businesses. The economic and social impact is already on a scale not
seen in the post war era. This uncertain future is leading companies to
have to make difficult decisions. At PyroGenesis, we will do our part
to ensure all our employees are employed, safe, and healthy. We are
also doing our part to source limited supplies from our international
contacts to augment the needs of our community health care system.
Times like these require us as entrepreneurs and businesses leaders
to come together to help our communities assist each other. After all,
we are skilled leaders and decision makers having operated in this type
of arena all our live; making decisions on limited information,
ascertaining risk, executing and adjusting as the case may be.
It is not business as usual, that is for sure. However, a measure of a
team is how they manage crisis. At Pyogenesis, we have a seasoned team
of business veterans when it comes to innovation and crisis
management. I am proud of my team in how they handle challenges, and
never more than I am these days.
Be safe and we will keep you up to date with any material developments.â€
The Corporation did not file a material change report more than 21
days before the excepted closing of the Offering as the details of the
participation therein by related parties of the Corporation were not
settled until shortly prior to the closing of the Offering.
The securities have not been, and will not be, registered under the
United States Securities Act of 1933, as amended (the “1933 Act”), or
any state securities laws and may not be offered or sold in the United
States or to, or for the account or benefit of, U.S. persons (as defined
in Regulation S under the 1933 Act), except pursuant to an exemption
from the registration requirements of those laws. This press release
shall not constitute an offer to sell or the solicitation of an offer to
buy securities in the United States, or for the account or benefit of
U.S. persons (as such term is defined in Regulation S under the 1933
Act).
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a high-tech company, is the world leader in
the design, development, manufacture and commercialization of advanced
plasma processes and products. We provide engineering and manufacturing
expertise, cutting-edge contract research, as well as turnkey process
equipment packages to the defense, metallurgical, mining, advanced
materials (including 3D printing), oil & gas, and environmental
industries. With a team of experienced engineers, scientists and
technicians working out of our Montreal office and our 3,800 m2
manufacturing facility, PyroGenesis maintains its competitive advantage
by remaining at the forefront of technology development and
commercialization. Our core competencies allow PyroGenesis to lead the
way in providing innovative plasma torches, plasma waste processes,
high-temperature metallurgical processes, and engineering services to
the global marketplace. Our operations are ISO 9001:2015 and AS9100D
certified, and have been since 1997. PyroGenesis is a publicly-traded
Canadian Corporation on the TSX Venture Exchange (Ticker Symbol: PYR)
and on the OTCQB Marketplace. For more information, please visit www.pyrogenesis.com.
This press release contains certain forward-looking statements,
including, without limitation, statements containing the words “may”,
“plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”,
“expect”, “in the process” and other similar expressions which
constitute “forward- looking information” within the meaning of
applicable securities laws. Forward-looking statements reflect the
Corporation’s current expectation and assumptions and are subject to a
number of risks and uncertainties that could cause actual results to
differ materially from those anticipated. These forward-looking
statements involve risks and uncertainties including, but not limited
to, our expectations regarding the acceptance of our products by the
market, our strategy to develop new products and enhance the
capabilities of existing products, our strategy with respect to research
and development, the impact of competitive products and pricing, new
product development, and uncertainties related to the regulatory
approval process. Such statements reflect the current views of the
Corporation with respect to future events and are subject to certain
risks and uncertainties and other risks detailed from time-to-time in
the Corporation’s ongoing filings with the securities regulatory
authorities, which filings can be found at www.sedar.com, or at
www.otcmarkets.com. Actual results, events, and performance may differ
materially. Readers are cautioned not to place undue reliance on these
forward-looking statements. The Corporation undertakes no obligation to
publicly update or revise any forward- looking statements either as a
result of new information, future events or otherwise, except as
required by applicable securities laws. Neither the TSX Venture
Exchange, its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) nor the OTCQB accepts
responsibility for the adequacy or accuracy of this press release.
SOURCE PyroGenesis Canada Inc.
For further information please contact: Rodayna Kafal, Vice President Investors Relations and Strategic Business Development Phone: (514) 937-0002, E-mail: [email protected]
Posted by AGORACOM-JC
at 3:46 PM on Wednesday, March 18th, 2020
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—————————-
Volkswagen to start using high-nickel EV batteries
Volkswagen is aiming to produce 3 million electric cars by 2025.
Company is also embarking on producing EV battery as well.
Reuters
FRANKFURT: Volkswagen will raise the amount of nickel
used in it electric car battery cells to 80% in the next year from 65%
at present, Frank Blome, head of battery cells at the carmaker said on
Tuesday.
Volkswagen’s current electric car battery cell contains 65% nickel, 15% cobalt and 20% manganese. Next generation batteries will have 80% nickel, 10% cobalt and 10% manganese, Blome told analysts on a call.
Volkswagen
is embarking on a mass production push to build 3 million electric cars
by 2025, requiring 300 gigawatt hours worth of battery cells, mainly in
Asia and Europe, he said.
Ramping up manufacturing battery packs
at scale will help the carmaker to cut battery cell costs far below
$100 per kilowatt hour by 2025, he said.
Posted by AGORACOM-JC
at 2:50 PM on Wednesday, March 18th, 2020
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I hope you are well. betterU, in partnership with several of our content partners, have decided to assemble a COVID-19 All-In-One
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The noise of the media is creating confusion, fear and panic, while
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Posted by AGORACOM-JC
at 1:03 PM on Wednesday, March 18th, 2020
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– The heartbeat of cardiovascular medicine and telemedicine. Patented
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Why 5G enabled healthcare is important for patients and spatial computing
By empowering new tools, 5G enabled healthcare may help aid in caring for patients and preparing for complex medical procedures.
While augmented reality (AR), virtual reality (VR) and spatial computing are already being used in healthcare on a limited basis, 5G enabled healthcare may eventually further enhance a doctor’s ability to deliver innovative, less invasive treatments.
Among 5G’s many ultimate potential applications, some of the most exciting involve its role in simulating complex medical scenarios and enabling alternative treatments for the critically ill.
5G enabled healthcare
5G is the fifth generation of cellular wireless technology, which can
offer massive connection power and fast internet speed for data
transfer. Implementation of 5G technology accelerated the demand for
various healthcare technologies such as the Internet of Medical Things, AR/VR, artificial intelligence (AI), remote medical learning, and remote patient monitoring to name a few.
Patient real time information is important data for doctors to take
decisions in a critical situation. This has accelerated the demand for
advanced technologies in the healthcare sector. For instance,
telemedicine requires an advanced network that offers support in real
time, providing high-quality video communication without slowing down
the facility’s network. Integration of 5G network in existing
infrastructure provides real time data transfer of images, documents,
and real time videos for video-based medical consultations, to improve
the quality of care.
North America held a dominant share of the global 5G enabled
healthcare services market in 2019. It is expected to continue its
dominance throughout the forecast period. The US and Canada are the
major countries that drive the 5G enabled healthcare services market in
the region.
Demand for 5G
The aging population is expected to increase the demand for advanced
solutions such as mHealth solutions, and home healthcare, which require
high-speed internet. According to the Population Reference Bureau, in
2018, 15% of the total North American population was above the age of 65
and is expected to reach 23% by 2050. Hence, the increasing aging
population is accelerating the demand for 5G enabled healthcare
services.
The 5G enabled healthcare services market in Asia Pacific is expected
to expand at a fast-paced CAGR during the forecast period. India,
China, Japan, and Australia are major countries of the 5G enabled
healthcare services market in the region.
Increasing adoption of advanced communication solutions in the
healthcare industry, majorly in developing countries where health care
systems are often unprepared to tackle the challenges of a growing
elderly population, has raised the need for high-speed internet services
in the healthcare sector. Hence, this augments the adoption rate of 5G
services in the healthcare industry.
Tags: EKG, mhealth, small cap stocks, stocks, tsx, tsx-v Posted in CardioComm Solutions | Comments Off on Why #5G enabled healthcare #Mhealth is important for patients and spatial computing SPONSOR: CardioComm Solutions $EKG.ca – $ATE.ca $TLT.ca $OGI.ca $ACST.ca $IPA.ca
Posted by AGORACOM-JC
at 12:53 PM on Wednesday, March 18th, 2020
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(TSX-V: DM) A revenue generating small cap A.I. company that NATO and
Canadian Defence are using to fight fake news & social media
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This stance-detecting AI will help us fact-check fake news
Fighting fake news has become a growing problem in the past few years, and one that begs for a solution involving artificial intelligence
Verifying the near-infinite amount of content being generated on news websites, video streaming services, blogs, social media, etc. is virtually impossible
Fighting fake news is a much more complicated challenge.
Fact-checking websites such as Snopes, FactCheck.org, and PolitiFact do a
decent job of impartially verifying rumors, news, and remarks made by
politicians. But they have limited reach.
It would be unreasonable to expect current artificial intelligence
technologies to fully automate the fight against fake news. But there’s
hope that the use of deep learning can help automate some of the steps of the fake news detection pipeline and augment the capabilities of human fact-checkers.
In a paper presented at the 2019 NeurIPS AI conference,
researchers at DarwinAI and Canada’s University of Waterloo presented
an AI system that uses advanced language models to automate stance
detection, an important first step toward identifying disinformation.
The automated fake-news detection pipeline
Before creating an AI system that can fight fake news, we must first
understand the requirements of verifying the veracity of a claim. In
their paper, the AI researchers break down the process into the
following steps:
Retrieving documents that are relevant to the claim
Detecting the stance or position of those documents with respect to the claim
Calculating a reputation score for the document, based on its source and language quality
Verify the claim based on the information obtained from the relevant documents
Instead of going for an end-to-end AI-powered fake-news detector that
takes a piece of news as input and outputs “fake†or “realâ€, the
researchers focused on the second step of the pipeline. They created an
AI algorithm that determines whether a certain document agrees,
disagrees, or takes no stance on a specific claim.
Using transformers to detect stance
This is not the first effort to use AI for stance detection. Previous
research has used various AI algorithms and components, including
recurrent neural networks (RNN), long short-term memory (LSTM) models,
and multi-layer perceptrons, all relevant and useful artificial neural network (ANN) architectures.
The efforts have also leveraged other research done in the field, such
as work on “word embeddings,†numerical vector representations of
relationships between words that make them understandable for neural
networks.
However, while those techniques have been efficient for some tasks
such as machine translation, they have had limited success on stance
detection. “Previous approaches to stance detection were typically
earmarked by hand-designed features or word embeddings, both of which
had limited expressiveness to represent the complexities of language,â€
says Alex Wong, co-founder and chief scientist at DarwinAI.
The new technique uses a transformer, a type of deep learning
algorithm that has become popular in the past couple of years.
Transformers are used in state-of-the-art language models such as GPT-2 and Meena. Though transformers still suffer from the fundamental flaws, they are much better than their predecessors in handling large corpora of text.
Transformers use special techniques to find the relevant bits of
information in a sequence of bytes instead. This enables them to become
much more memory-efficient than other deep learning algorithms in
handling large sequences. Transformers are also an unsupervised machine learning algorithm, which means they don’t require the time- and labor-intensive data-labeling work that goes into most contemporary AI work.
“The beauty of bidirectional transformer language models is that they
allow very large text corpuses to be used to obtain a rich, deep
understanding of language,†Wong says. “This understanding can then be
leveraged to facilitate better decision-making when it comes to the
problem of stance detection.â€
Transformers come in different flavors. The University of Waterloo
researchers used a variation of BERT (RoBERTa), also known as deep
bidirectional transformer. RoBERTa, developed by Facebook in 2019, is an open-source language model.
Transformers still require very large compute resources in the training phase (our back-of-the-envelope calculation of Meena’s training costs amounted
to approx. $1.5 million). Not everyone has this kind of money to spare.
The advantage of using ready models like RoBERTa is that researchers
can perform transfer learning,
which means they only need to fine-tune the AI for their specific
problem domain. This saves them a lot of time and money in the training
phase.
“A significant advantage of deep bidirectional transformer language
models is that we can harness pre-trained models, which have already
been trained on very large datasets using significant computing
resources, and then fine-tune them for specific tasks such as
stance-detection,†Wong says.
Using transfer learning, the University of Waterloo researchers were
able to fine-tune RoBERTa for stance-detection with a single Nvidia
GeForce GTX 1080 Ti card (approx. $700).
The stance dataset
For stance detection, the researchers used the dataset used in the Fake News Challenge (FNC-1),
a competition launched in 2017 to test and expand the capabilities of
AI in detecting online disinformation. The dataset consists of 50,000
articles as training data and a 25,000-article test set. The AI takes as
input the headline and text of an article, and outputs the stance of
the text relative to the headline. The body of the article may agree or
disagree with the claim made in the headline, may discuss it without
taking a stance, may be unrelated to the topic.
The RoBERTa-based stance-detection model presented by the University
of Waterloo researchers scored better than the AI models that won the
original FNC competition as well as other algorithms that have been
developed since.
Fake News Challenge (FNC-1) results: The first three rows are the
language models that won the original competition (2017). The next five
rows are AI models that have been developed in the following years. The
final row is the transformer-based approach proposed by researchers at
the University of Waterloo.
The organizers of FNC-1 have gone to great lengths to make the
benchmark dataset reflective of real-world scenarios. They have derived
their data from the Emergent Project, a real-time rumor tracker created
by the Tow Center for Digital Journalism at Columbia University. But
while the FNC-1 dataset has proven to be a reliable benchmark for stance
detection, there is also criticism that it is not distributed enough to represent all classes of outcomes.
“The challenges of fake news are continuously evolving,†Wong says.
“Like cybersecurity, there is a tit-for-tat between those spreading
misinformation and researchers combatting the problem.â€
The limits of AI-based stance detection
One of the very positive aspects of the work done by the researchers
of the University of Waterloo is that they have acknowledged the limits
of their deep learning model (a practice that I wish some large AI
research labs would adopt as well).
For one thing, the researchers stress that this AI system will be one
of the many pieces that should come together to deal with fake news.
Other tools that need to be developed in the area of gathering
documents, verifying their reputation, and making a final decision about
the claim in question. Those are active areas of research.
The researchers also stress the need to integrate AI tools into
human-controlled procedures. “Provided these elements can be developed,
the first intended end-users of an automated fact-checking system should
be journalists and fact-checkers. Validation of the system through the
lens of experts of the fact-checking process is something that the
system’s performance on benchmark datasets cannot provide,†the
researchers observe in their paper.
The researchers explicitly warn about the consequences of blindly
trusting machine learning algorithms to make decisions about truth. “A
potential unintended negative outcome of this work is for people to take
the outputs of an automated fact-checking system as the definitive
truth, without using their own judgment, or for malicious actors to
selectively promote claims that may be misclassified by the model but
adhere to their own agenda,†the researchers write.
Image credit: Depositphotos
This is one of many projects that show the benefits of combining artificial intelligence and human expertise.
“In general, we combine the experience and creativity of human beings
with the speed and meticulousness afforded by AI. To this end, AI
efforts to combat fake news are simply tools that fact-checkers and
journalists should use before they decide if a given article is
fraudulent,†Wong says. “What an AI system can do is provide some statistical assurance about
the claims in a given news piece. That is, given a headline, they can
surface that, for example, 5,000 ‘other’ articles disagree with the
claim whereas only 50 support it. Such as distinction would serve a
warning to the individual to doubt the veracity of what they are
reading.â€
One of the central efforts of DarwinAI, Wong’s company, is to tackle AI’s explainability problem.
Deep learning algorithms develop very complex representations of their
training data, and it’s often very difficult to understand the factors
behind their output. Explainable AI aims to bring transparency to deep
learning decision-making. “In the case of misinformation, our goal is to
provide journalists with an understanding of the critical factors that
led to a piece of news being classified as fake,†Wong says.
The team’s next step is to tackle reputation-assessment to validate
the truthfulness of an article through its source and linguistics
characteristics.
Posted by AGORACOM
at 5:12 PM on Tuesday, March 17th, 2020
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Volkswagen plans to have millions of electric vehicles on the road by the end of the decade and that opens up new opportunities for the automaker.
According to Reuters,
Volkswagen’s chief strategist revealed the company is exploring new
business opportunities related to the energy stored in electric
vehicles.
As Michael Jost explained, “By 2025, we will have 350 gigawatt hours
worth of energy storage at our disposal through our electric car fleet.â€
He went on to say that number will increase to 1 terawatt hours by the
end of 2030.
That’s a massive amount of electricity and Jost noted it’s “more
energy than is currently generated by all the hydroelectric power
stations in the world.†This opens up a new opportunity for the
automaker as Volkswagen can tap into this energy using vehicle-to-grid technology.
Essentially the opposite of charging, vehicle-to-grid technology
allows electric vehicles to send energy back to the electrical grid.
This would typically occur during times of high demand.
This represents an interesting opportunity for Volkswagen as they
could become a makeshift energy company. While Jost didn’t go into too
many specifics, it’s not hard to imagine how such a service would work.
In theory, electric vehicles
would be charged at night when demand for electricity is low and so are
energy rates. When demand and rates increase, Volkswagen vehicles could
sell some of that energy back to the grid. Consumers would likely be
paid for this, but Volkswagen could potentially take a cut of the
profits.
It remains unclear if that is what Volkswagen is thinking, but it
could be a potential win-win situation. Consumers would get paid, while
energy companies could tap into affordable electricity. Likewise,
Volkswagen could get a slice of the action.
Posted by AGORACOM
at 4:00 PM on Tuesday, March 17th, 2020
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Gold hasn’t been such a terrific hedge of late against the turmoil from the coronavirus pandemic that has upended financial markets.
Over the last month, gold futures GC00, 3.014% have retreated by 5%. While that’s a long way better than the 28% decline in the S&P 500 SPX, 5.485%
, it trails the performance of other assets that are perceived as safe,
such as government bonds. The iShares 7-10 Year Treasury Bond ETF IEF, -2.167% , for instance, is up 7% over the last four weeks.
But where gold is looking lustrous is relative to silver SI00, -0.593% .
According to Marshall Gittler, head of investment research at
BDSwiss, the ratio of gold to silver is the highest it’s been for 5,120
years.
Yes there’s data back into Pharaoh Menes’ time in ancient Egypt, when
the ratio was a more modest 2.5, and it was 6 in King Hammurabi’s day
in Babylon.
On Monday the ratio reached nearly 124. On Tuesday morning, the ratio slipped to 119.
Gittler said the best correlation he has found is with the 10-year
U.S. breakeven inflation rate — but the gold-to-silver ratio goes up
when inflation expectations are down.
“Lower expected inflation would mean a) central banks cut their
policy rates, and lower interest rates tend to boost the gold price, and
b) lower expected inflation probably stems from lower expected economic
activity, which might imply less industrial demand for silver –
although I must admit I couldn’t find a clear link between industrial
activity and the price of silver,†he writes.
Aakash Doshi, an analyst at Citi, also pointed to that connection with expected inflation.
“Even as the excessive collapse in inflation breakevens may be viewed
as a headwind for gold upside, the yellow metal should outperform
silver in a deflation and growth shock scenario,†he said.
Posted by AGORACOM-JC
at 3:43 PM on Tuesday, March 17th, 2020
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COVID-19 restrictions sparking a run on cannabis stores
By: Bruce Barcott and David Downs
They’re not closed yet! Customers are stocking up on cannabis this weekend, preparing for what could be more retail store restrictions in coming days.
As governors and mayors across North America order the shutdown of
bars, restaurants, and gathering events, cannabis stores are
experiencing a dramatic surge in sales that started over the weekend and
now continues into the work week. (Leafly has an updated page tracking store closures, openings, and new delivery allowances.)
Consumers are stocking up now, eyeing their potential future over in
Europe, where some nations have closed all retail outlets except food
stores and pharmacies.
Cannabis and coronavirus: Here’s what you need to know
On Saturday, Boston’s WGBH
broadcast images of customers lining up outside New England Treatment
Access (NETA) in Brookline, one of the few licensed cannabis stores
operating in Massachusetts. WGBH’s Tori Bedford reported:
In Brookline, marijuana dispensary New England Treatment Access has
eliminated all walk-in orders due to a high volume of customers, and
will now only serve customers who place orders in advance. “In light of
the current environment, we will remain open,†an announcement on the
NETA website reads, “but will move to Reserve Ahead only starting on
Saturday.â€
Inside the Brookline store, employees wear latex gloves, and bottles
of hand sanitizer and disinfectant spray sit beside each checkout
station. The process is efficient, a quick in-and-out, as compared to
the massive lines seen snaking around the parking lot of the shop in the
past few days, according to NETA employees.
Later Sunday, Boston Mayor Mary Walsh imposed new restrictions
on the city’s bars and restaurants. Those establishments will have to
cut their capacity in half, and close by 11pm every night. As of now,
there are no unusual restrictions on cannabis stores.
Also Sunday, the governors of Ohio and Illinois ordered all bars and restaurants closed. By mid-day Monday, similar orders had been issued in too many states to mention.
Posted by AGORACOM-JC
at 1:40 PM on Tuesday, March 17th, 2020
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Amid coronavirus, Canadian cannabis stores see ‘unprecedented’ sales surge
Cannabis stores in Ontario and Alberta reported “unprecedented demand†as the country hunkers down to fight a worsening coronavirus outbreak, industry sources say
Executives told Marijuana Business Daily there is no threat to supply chains at this time, and safety measures have been put into place for employees and consumers.
Spiritleaf CEO Darren Bondar said his 46 stores “experienced an
unprecedented demand for cannabis over the weekend with sales up 20%
over the previous one and a record number of customers served.
“The supply chain remains in place, stores are stocked and we have seen an uptick in edible purchases.â€
Spiritleaf is encouraging online ordering via click-and-collect programs in British Columbia, Alberta and Ontario.
In most of Canada, provinces retain monopolies over cannabis
e-commerce with delivery. The click-and-collect program allows privately
owned stores to take payment online so customers can pick up their
orders in stores.
Ontario up 80%
Sales surged week-over-week at Ontario’s monopoly online cannabis
store, but some of that increased demand is attributable to lower
prices.
The government-owned store aggressively dropped prices on some products as part of an ongoing drive to improve competitiveness.
Mike Ravkine, who operates the popular price-tracking and inventory tool WhatsMyPot, recorded significant price drops at the Ontario Cannabis Store.
“The last three days have seen a marked increase in volume in sales
on OCS.ca and a high demand for our same day/next day delivery option
where it is available,†Daffyd Roderick, OCS communications director,
wrote in an email to Marijuana Business Daily.
“Some authorized retail stores are also reporting an increase in
customer volume. Saturday saw almost 3,000 orders, an 80% increase over
an average Saturday.â€
The OCS’ 4,000 orders Sunday represent a 100% increase from the previous week, officials told MJBizDaily.
Roderick said the OCS has sufficient inventory to meet demand.
“We are working closely with our partners and currently delivering and receiving as per our normal schedule,†he said.
Physical stores in Ontario are also seeing an increase in orders, noted Sessions Cannabis CEO Steven Fry.
“Not unlike major grocery retailers, Sessions Cannabis has seen a
significant increase in sales this week due to growing concerns
regarding COVID-19 social distancing protocols,†he wrote in an email.
Compared to the previous week, Fry said the Sessions on the Beach location in Toronto saw approximately:
A 10% more transactions per day.
A 10% increase in dollars spent per transaction.
A 21% overall sales growth.
B.C. ‘steady’
British Columbia’s online monopoly BC Cannabis Stores has not seen any new sales trends.
A spokesperson for the BC Liquor Distribution Branch (BCLDB), which
operates the store as well as the province’s cannabis wholesale system,
said there has been no change in sales online.
The BCLDB spokesperson also said sales on the wholesale side remain “very flat, steady.â€
Alberta Cannabis, the only legal online store in the province, said it is not sharing any information.
Quebec bump
Quebec’s monopoly online store also saw increased sales.
“Indeed, we have seen an increase in sales over the last days,†spokesman Fabrice Giguere wrote in an email to MJBizDaily.
Giguere said inventory levels, both online and in stores, are stable.
“We invite all customers returning from a trip abroad or who
experience flu-like symptoms to do their shopping directly online,†he
noted.
Safety first
Physical cannabis stores are taking measures to increase the health
and safety of customers and employees to support social distancing.
“Sessions Cannabis is taking extra measures to ensure the safety of
our customers and staff through increased cleaning and sanitation
measures and we will continue to monitor the situation to ensure a safe
shopping experience,†Fry said.
Bondar said Spiritleaf continues to follow all advice and government guidelines.
“All surfaces, door handles and employee stations are being sanitized
throughout the workday to maintain a clean, safe environment for all of
us,†he said.
“We encourage customers to check on store hours in the event that
they may change to accommodate various staff members’ needs to take care
of family members or who are returning from vacation and in
self-isolation, which has been happening at a few locations across the
country.