Posted by AGORACOM
at 4:01 PM on Sunday, April 14th, 2019
Completd a 21-hole diamond drilling program on the Refractory Zone of the La Loutre graphite property
Focus of the program was to expand a discovery announced March 7, 2017, and reviewed March 7, 2019 containing high grade intercepts of 7.74% Cg over 135.60 metres, including 16.81% Cgr over 44.10 metres from hole LL-16-001.
Two different intersections in hole LL-16-002 reporting 17.08% Cg over 22.30 metres and 14.80% Cg over 15.10 metres
FULL DISCLOSURE: LOMIKO Metals is an advertising client of AGORA Internet Relations Corp.
Tags: #Battery, #graphite, #High-Grade, #Ion, lithium] Posted in Lomiko Metals | Comments Off on CLIENT FEATURE: $LMR.ca Lomiko Reports Wide Intercepts of Graphite in Multiple Drill Holes at La Loutre High-Grade Refractory Zone $DNI.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca
Posted by AGORACOM
at 1:00 PM on Friday, April 12th, 2019
Wollastonite
St-Onge-Wollastonite Deposit located approximately 90 kilometres Northwest of the city of Saguenay, in St-Onge township, in the Saguenay-Lac-St-Jean region of Quebec, Canada.
Vertical is researching the use of Wollastonite as a soil additive for optimizing marijuana growth
Phase Three trials involving cannabis grown with wollastonite (CaSiO3) as a soil additive at BC Bud Depot’s (BCBD) ACMPR-licenced Research and Development facilities in Vancouver, BC
Phase Three trials measured and recorded significant improvements in root mass, powdery mildew control and pest elimination.
In every case the most optimal results occurred with an admixture rate of 10% to 15% wollastonite to the growth medium
Posted by AGORACOM
at 10:50 AM on Friday, April 12th, 2019
Phase 1: Drilling Identified 4 Epithermal Veins -3 Have Demonstrated Greater Thickness at Depth
Phase 2: Drilling Identified 30 new Epithermal veins in 2 drill holes
In the first two phases of drilling, Advance discovered a cluster of epithermal veins, all but a few of them blind, which suggests this drilling intersected the top of the epithermal vein system.
A key focus of the phase 3 drilling will be to drill deeper and target the boiling zone of the epithermal vein system. The cluster of veins dip toward a fault which is considered a key structural feature.
A proposed hole will start from the east side of the fault, drill west, to then go through the cluster of veins to catch them at the boiling zone.
The other key focus will be to drill a few shallow holes near a 12 metre intersection of the Tabasquena vein in the oxides. This vein in the oxides is much wider than the historical 2-4 metre mining width utilized by former operator Penoles, which was across 2-4 metres. This intersection was a 125 metre step out to the north of the old mine workings and is approximately 75 metres along strike from the 100 metre deep shaft and headframe.
Advance has mining equipment and the Tabasquena project is fully permitted for mining.
FULL DISCLOSURE: Advance Gold is an advertising client of AGORA Internet Relations Corp
Posted by AGORACOM-JC
at 10:02 AM on Friday, April 12th, 2019
SPONSOR: North Bud Farms Inc. (NBUD:CSE) Sustainable low cost, high
quality cannabinoid production and procurement focusing on both
bio-pharmaceutical development and Cannabinoid Infused Products. Click Here For More Information
NBUD: CSE
—————
Why business is booming for cannabis extraction companies, despite the supply shortages
Although licensed producers are getting into extraction, observers predict it won’t be enough to meet future demand for cannabis in oil-form
In the most recent round of cannabis earnings, a little-known company called MediPharm Labs Corp. posted revenue of $10.2 million for the quarter ending Dec. 31, 2018, a figure that placed it comfortably amongst the Top 10 for Canadian cannabis companies.
Vanmala Subramaniam
In the most recent round of cannabis earnings, a little-known company called MediPharm Labs Corp. posted revenue of $10.2 million for the quarter ending Dec. 31, 2018, a figure that placed it comfortably amongst the Top 10 for Canadian cannabis companies.
For a company that does not grow cannabis, MediPharm’s financial
performance caught the attention of investors: Within days, its stock
soared 30 per cent, and has since maintained that upward trajectory.
Instead of growing, Barrie, Ont.-based MediPharm is one of just a
handful in Canada involved primarily in the business of extracting oils
from the marijuana plant and turning them into products like gel
capsules, or the high-potency concentrates that are expected to become
legal later this year.
Although some of the biggest licensed producers such as Canopy Growth
Corp., Tilray Inc. and Aurora Cannabis Inc. are either constructing or
have constructed their own extraction facilities, industry observers
predict that infrastructure simply won’t suffice to meet future demand
for cannabis in oil-form.
As such, they predict, companies focusing solely on cannabis
extraction will start comprising an increasingly important subsection of
the overall industry.
“Cannabis extraction is a huge growth opportunity in Canada. The
reason I say that, is because if you look to the U.S., it was not
uncommon to see 75 per cent of the market consuming cannabis flower
years ago but as product offerings became more differentiated, we saw
the market for flower drop to around 40 per cent, and the market for
oils surge to over 60 per cent,†said Beau Whitney, a senior economist
at the cannabis research firm New Frontier Data who was previously
involved in the cannabis extraction business.
Olivier Dufourmantelle, the chief operating officer of Canopy Rivers
Corp. — the venture capital arm of Canopy Growth — believes that as the
cannabis industry matures over time, it will become increasingly
fragmented, with specialists handling each part of the supply chain like
any other industry.
“Cannabis extraction companies are analogous to corn syrup
extractors, for example. They don’t grow corn, but they buy it, extract
the syrup and then sell it to a bottling company like Coke,†said
Dufourmantelle.
Indeed, MediPharm has over 20 supply, purchase or sales agreements
with a number of licensed producers — they function as the middle-man of
sorts in the cannabis supply chain, purchasing dried cannabis,
extracting the oil-like substance containing THC or CBD from the plant,
and selling it back to the same producers, or to other producers that
have requested cannabis extract.
In late March, the company became the first in the country to receive
a Health Canada licence exclusively for cannabis oil production which
allows it to focus on extracting cannabis concentrates.
“We have reduced the scale-up risk by dealing with many major players
because we know it has been difficult for some to scale up, so if we
don’t get flower on time from one, we have others to go to,†explained
MediPharm chief executive Pat McCutcheon.
MediPharm’s main competitors are Kelowna, B.C.-based Valens Groworks
Corp. and Quebec-based Neptune Wellness Solutions. In early April, GMP
Securities analyst Martin Landry initiated coverage on all three
companies, placing a buy rating on all and substantially increasing
their respective target prices.
“The extraction industry is poised to experience rapid growth with
the arrival of vape pens, beverages and edibles this fall. Value-added
products derived from cannabis extracts could represent 50 per cent of
the cannabis industry sales in Canada over time,†Landry wrote in a
note.
Unlike extractors focused solely on cannabis however, Neptune has a
fallback — in the event demand for cannabis derivatives do not match up
to forecasts and the bullish sentiment towards cannabis extractors
subsides, the company is in the wellness business and owns a patent for
the wildly successful Omega-3 Krill Oil supplement.
MediPharm Labs co-founders Keith Strachan, left, and Pat
McCutcheon in one of the company’s extraction clean rooms at their
facility in Barrie, Ont. Handout
“We have never been cultivators and we do not intend to. But we do
know the wellness business well, and to us, cannabis is a global
consumer products phenomenon that does not happen so often. We thought,
we got to get in there,†said Neptune’s chief executive Jim Hamilton,
whose company was founded in 1998 but only entered the cannabis space
three years ago.
Neptune says it has the capacity to extract 6,000 metric tons of
cannabis in a year and has multi-year supply agreements with Canopy
Growth, the first licensed producer to introduce extract-based CBD-heavy
cannabis softgels to the adult-use market. But the company only
received its license to process cannabis from Health Canada in early
January, and as such, has yet to see revenue from its cannabis business.
At least on paper, Valens Groworks has a smaller processing capacity
than Neptune — 240,000 kilograms a year, according to a recent press
release from the company. But the company’s president of strategy and
investments, Everett Knight says that efficiency in extraction is
Valens’ core focus.
“First of all, we have five different kinds of extraction methods at
our facility. Most people are only using CO2 as a solvent for
extraction. Second of all, we’re extracting at a 90 per cent rate, which
means that 90 per cent of the component we want in cannabis, THC or
CBD, is being extracted, so we are getting higher yields,†Knight
explained.
Last November, the company received a Health Canada licence to sell
its extracted product to other licenced producers. The company has
agreements with Tilray, Organigram Inc., Canopy Growth and The Green
Organic Dutchman but in 2018, its revenues came only from consulting
agreements and not from actual sales of cannabis extracts.
For the 2018 fiscal year ending November 30, Valens posted a loss of
$15.9 million, which Knight attributes to capacity expansion: “We’re
trying to expand to make sure we can make the most for our customers
because what we see going into 2020 and 2021 is there are simply not
enough extractors to meet the demand out there.â€
New Frontier Data’s Whitney believes that companies that either do
not align themselves with an extractor or have the financial capacity to
vertically integrate and do the extraction themselves are at risk.
“There’s millions upon millions of (square feet of) licensed capacity
to grow coming online. Prices for flower are going to decrease markedly
so you need to be considering this commoditization of prices and how to
diversify your business,†Whitney said.
But Dufourmantelle takes a slightly less bullish stance on the
companies that currently exist in the extracting space, saying that
while Canopy Rivers’ is looking to invest in extractors, it just hasn’t
found the right firm.
The fact that MediPharm appears to be leading the extraction pack by
miles is a point of caution for him. “I would warn investors on getting
too excited about their earnings. They have the benefit of being in
Ontario, and the bulk of cultivators are in Ontario. So they are in the
unique position right now of being the sole provider of extraction
services, and hence they have price leverage,†Dufourmantelle said.
“The question that remains to be seen is whether they can continue to sustain those numbers over time.â€
Tags: CSE, Hemp, Marijuana, stocks, tsx, tsx-v, weed Posted in All Recent Posts, North Bud Farms Inc | Comments Off on North Bud Farms Inc. $NBUD.ca – Why business is booming for cannabis extraction companies, despite the supply shortages $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca
Posted by AGORACOM-JC
at 9:34 AM on Friday, April 12th, 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.
——————-
Blockchain Trends 2019
Blockchain’s evolution over the past few years has been steady and solid.
Even so, this groundbreaking technology still has a lot to offer and continues to hold much promise.
By Teodor Stefan, Modex’s Head of Content. Modex helps developers, teams and businesses of all sizes get started on blockchain, providing the full set of tools needed to learn, create, test, deploy and sell smart contracts and DApps.
Continuing from last year’s buzz and the entrance of regulators, blockchain is poised to evolve even further.  A key area is technology for enterprises that require trustless transactions and secure record keeping. Enterprises can track transactions with greater confidence and security, and blockchain adoption – completely distinct from the cryptocurrency hype or doom – is steadily gaining in enterprise environments. While some may lament the entry of regulators in 2018, clamping down on ICO projects, and putting in place strict frameworks for compliance, these are signs of a market maturing.
Here’s what we can expect to see in the rest 2019:
Blockchain as a service (BaaS)
While many startups
and enterprises are working on their own blockchain solution, it is not
always feasible to create, maintain and manage an individual blockchain
solution. This is where Blockchain as a Service (BaaS) comes in.
Blockchain as a Service (BaaS) is an offering that allows customers to
leverage cloud-based solutions to build, host and use their own
blockchain apps, smart contracts and functions on the blockchain. A
cloud-based service provider manages all the necessary tasks and
activities to keep the infrastructure agile and operational. We predict
Baas will speed up the adoption of blockchain across businesses.
More Security Tokens
In 2018, the utility token market saw a
slowdown, so the arrival of security tokens has been one of the hot
topics last year. The market has long-waited for the grand entrance of
institutional investors, but they have not yet significantly entered the
scene. The success of security tokens is contingent on digital asset
exchanges being up and running. Alongside crypto exchanges seeking
regulatory clearance for security tokens, we also see traditional
players like Nasdaq, London Stock Exchange and the Swiss Stock Exchange
developing digital asset platforms, signs indicating that market
infrastructure will be in place by the second half of this year. As
processes stabilize and regulatory concerns are addressed, most likely
we will see the launch of several STO projects towards the end of 2019,
with major activity in early 2020.
With several indicators pointing
towards the possibility of a global slowdown this year, investors are
looking for alternative asset classes. With the developing market for
security tokens, there are immense possibilities in the tokenisation of
well-performing assets that previously lacked liquidity. Consider
healthy Small-Medium Enterprises (SMEs) and Real Estate Assets, that
tend to have robust returns, but lack wide market access. While they may
not be able to afford public market listing, opening up to global
markets of investors could provide an infusion of capital that could
help scale their businesses. With over 90% of companies in operation
globally listed as SMEs, the potential for growth is significant.
More digital asset services by financial institutions
This trend started last year and, most
likely, will continue in 2019. The user experience of managing your own
assets is scary to a lot of people, and there is a strong desire from a
business point of view to have custodial services for digital assets.
While many businesses are looking for new blockchain use cases, some are
embracing cryptocurrency market. Yes, this market has been hit hard
last year, with major cryptocurrencies but despite that, people know
that cryptocurrency is here to stay, even if they don’t use it
themselves in the near future.
Interoperability between blockchains
As the market progresses, there are new
blockchain networks showing up, which leads to new chains that offer
different speeds, network processing, use-cases. Blockchain
interoperability aims to improve information sharing across diverse
networks. These cross-chain services improve blockchain interoperability
and also make them more practical for day-to-day usage. For instance,
with blockchain interoperability, you can send information from EOS to
Ethereum blockchain. In 2019, we should see an improvement in the
technology that enables blockchain interoperability.
UX Development and scalability
Scalability and performance hurdles
affect both enterprise and public adoption. Promising solutions, like
sidechains or innovative platforms, are expected to become more
sophisticated and adapted this year. Moreover, many blockchain
applications now have a mostly complex user interface, which is far from
intuitive for the average, non-tech user. In 2019 we expect to see more
user-friendly solutions, which are capable of mass adoption both in
technology and design.
Convergence between blockchain and the Internet of Things
This topic is quickly picking up steam.
IoT adoption is increasing the number of devices and sensors that
gather data, and many parties are typically involved in a business
transaction based on that data. Blockchain enables safe record-keeping
through an immutable ledger, and
permits decentralized operations and transactions while preserving trust
between all players in the value chain. In 2019, look for the
intersection of these two technologies to speed up implementation of
both.
More favourable regulations around the world
European countries like Switzerland, Malta, Lithuania, and Lichtenstein will find competition around the world heating up as more and more states will push for additional favorable regulations around blockchain and crypto-ventures. Malaysia, for instance, is planning in Q1 to review its
crypto and ICO (Initial Coin Offering) regulations. In addition,
governments of various countries will start to explore what blockchain
technology can do for them and look for possible use cases.
Stable Coins
Stable Coins could also see a boost in
2019. Cryptocurrencies are the side product of blockchain, but they are
volatile. This gives rise and more market traction to Stable Coins.
Unlike cryptocurrencies, Stable Coins have stable prices. It is not
affected by the market condition and ensures that the stability is
maintained all time. Most of the
Stable Coins are fiat-backed, but there is still another type of Stable
Coins that are backed by commodity, cryptocurrency or belong to the
non-collateralized.
2019 should also see more
decentralization of apps themselves. Too many applications using a
blockchain ledger rely on a centralized application that represents a
single point of failure and also a vulnerability that could allow
tampering with the data before it gets written to the ledger. The same
approach needs to be applied to the application’s logic, which must be
decentralized with no single point of control. Each trading partner or
member of the ecosystem runs their
own app. Building such applications is no easy feat, but it is a
required step to ensure wide blockchain adoption for business usage.
Hybrid blockchains
Without doubt,
hybrid blockchains should be on your radar in 2019! The hybrid
blockchain works by providing the best features and functionality of
both public and private blockchain. Hybrid blockchains stand out by
offering a customizable solution and also making proper use of what
blockchain has to offer – characteristics such as transparency,
integrity and security. To name several use-cases of hybrid blockchain:
Internet of Things (IoT), banking, supply chain, enterprise services.
Federated blockchains
This year we can also expect to witness a rise in the use of federated blockchain as it gives private blockchain a more customizable outlook. Federated blockchains are similar to private blockchains, but with a simple twist: instead of one organization controlling it, many authorities can control the blockchain and pre-select nodes. The selected group of nodes then ensure that block is validated for processing transactions. Some of the use cases of federated blockchain include insurance claims, financial services, and supply chain management. IBM’s blockchain for food traceability is another good example of federated blockchain.
Posted by AGORACOM-JC
at 3:21 PM on Thursday, April 11th, 2019
SPONSOR: Enthusiast Gaming Holdings Inc. (TSX-V: EGLX) Uniting gaming communities with 80 owned and affiliated websites, currently reaching over 75 million monthly visitors. The company’s partial 2018 (first 9 months) revenue of $7.4 million representing a 625% increase over the same period in 2017.
EGLX: TSX-V ———————————-
Chinese esports expected to be worth £2.3bn by 2020
According to the report from CCTV, the Chinese esports market reached 8.48bn RMB (£960m) in 2018, and the total output value of Chinese esports industry is expected to reach ¥21.1 bn RMB (£2.3bn) by 2020.
China’s prominent state television broadcaster China Central Television (CCTV) reported the current state of the Chinese esports market and expectations for the future of the industry.
According to the report from CCTV,
the Chinese esports market reached 8.48bn RMB (£960m) in 2018, and the
total output value of Chinese esports industry is expected to reach
¥21.1 bn RMB (£2.3bn) by 2020. CCTV also reported that there are over
50,000 working in the industry — a number which is expected to increase
to past 250,000 by 2020.
Bang Xu, the vice president of Tomorrowland Esports Ltd,
told to CCTV that: “Three years ago, it may have taken two or three
months to get one or two applicants for the director of an esports
league. The number of esports leagues in 2016 was just less than 10. At
present, we may have dozens of applicants in a month, and the number of
esports leagues has exceeded 100.
“Although
more and more people are willing to engage in the esports industry,
esports talents are still in short supply compared to the speed of the
industry development.â€
To meet the
demand from the esports industry, numerous Chinese colleges have opened
esports related courses to cultivate talents across different areas
including event management, event operation, esports broadcasting and
esports streaming.
“Esports talents are still in short supply compared to the speed of the industry developmentâ€
Besides
adding esports majors to education, the Chinese government is also
trying to raise public awareness of esports as a whole. On Apr.3, the Chinese government officially confirmed
“esports operator†and “esports player†as two new professions in the
country. With support from the government, Chinese esports lovers are
more confident to engage in the industry and contribute to the
development of Chinese esports.
Esports
Insider says: “The Chinese government have noticed the great potential
in China’s esports market and they are trying to develop it deeply. With
announcements of multiple policies for Chinese esports industry, we may
see how Chinese practitioners can effectively utilise the country’s
support to develop the esports industry.â€
Posted by AGORACOM-JC
at 2:32 PM on Thursday, April 11th, 2019
SPONSOR: North Bud Farms Inc. (NBUD:CSE) Sustainable low cost, high
quality cannabinoid production and procurement focusing on both
bio-pharmaceutical development and Cannabinoid Infused Products. Click Here For More Information
NBUD: CSE
—————
Highs & Lows: Ontario’s First Week of Cannabis Retail
Business got off to a roaring start
The stores drew long lines of cannabis enthusiasts and curiosity seekers. Some people stood in line for hours and at least one went further.
Five and a half months after Canada became the first G7 nation and
the second country in the world to pass legislation legalizing
recreational cannabis, the first brick-and-mortar stores opened in
Ontario. Nine stores opened for business on April 1, the government-designated date. One opened six days later.
Here are the highs and lows of cannabis retail in Week One.
Highs
Business got off to a roaring start. The stores drew long lines of
cannabis enthusiasts and curiosity seekers. Some people stood in line
for hours and at least one went further. Caryma’ Sa’d set up a pup tent outside The Hunny Pot in downtown Toronto almost 24 hours before the store opened its doors Monday morning.
“Someone had to be first in line so why not me? My office is just
down the street and I do have a professional interest in what’s going on
here,†Sa’d, a lawyer who specializes in cases where cannabis issues
intersect with criminal law and landlord-tenant law, told Leafly. “It’s a
historic moment.â€
7/10 Ontario stores that opened Apr. 1 recorded an average of $50,913 in sales and 867 transactions.
Cova Software
“I haven’t been able to purchase cannabis from the Ontario Cannabis
Store website [which launched in October] because I have a Visa debit
card and that doesn’t work on the site,†she added. “I’m also mindful
that people who don’t have fixed addresses or don’t have computer
literacy also haven’t been able to purchase cannabis online—and they are
some of our most vulnerable community members.â€
The budtenders at The Hunny Pot had background knowledge and
experience in cannabis and made some good recommendations,†she said,
adding that she had purchased her a gram of her go-to strain, Tangerine Dream.
The Hunny Pot, the only cannabis store to open in Toronto on Apr. 1, was jammed with customers for the next four days.
He was just one of many cannabis consumers who was high on the excitement of the day.
Sales were brisk on Day One. According to Cova Software, an American
cannabis retail software provider that serves 100 stores in Canada,
seven of the ten Ontario stores that opened Apr. 1 recorded an average
of $50,913 in sales and 867 transactions. Other Canadian stores that are
tracked by Cova averaged $4,976 in sales per day and 111 transactions
over the first quarter of this year.
Cova’s chief executive officer, Gary Cohen, said sales in Ontario
exceeded expectations. “When you think of what the stores in other parts
of the country looked like, compared to what we’re seeing in Ontario,â€
he told Bloomberg News, “Ontario is just on a bigger scale.â€
It’s amazing to see it come to life after all the work we’ve put in the last couple of months.
Hunny Gawri, Hunny Pot
None were more enthusiastic about the stores’ robust sales than the
owners, each of whom had won the right to apply for a cannabis retail
license through a government-run lottery.
“It’s amazing to see it come to life after all the work we’ve put in
the last couple of months,†Hunny Gawri, the owner of Hunny Pot, told
Leafly. “The last few months have been a challenge, but a fun
challenge.â€
Photos by Jesse Milns for Leafly
“I’m happy with the way the day has gone,†Clint Seukeran, the owner of Ganjika House
in Brampton, ON., told Leafly. “We had a couple of issues with software
early on but other than that, everything is going according to plan. I
think the customers are having a fantastic experience.â€
This resulted in such high demand at the stores that did open, there
were concerns about supply shortages. When he was asked about the
possibility of running out of product at The Hunny Pot, Gawri gave an
equivocal response. “It’s hard to say,†he told The Canadian Press.
A consultant affiliated with Ameri,
a store that opened in the upscale Toronto neighbourhood of Yorkville
on Apr. 7, did his best to allay concerns. “We have more than enough
product. There’s no need to panic to come down and buy product,†he said. He requested his last name not be used because of concerns crossing the Canada-US border.
While some cannabis consumers fretted over possible product
shortages, others raised concerns about accessibility. Not all the
stores were prepared to accommodate customers with limited mobility—no
small glitch considering the high number of consumers who use cannabis
for therapeutic purposes.
The Hunny Pot said it had a ramp that customers on wheelchairs,
scooters and other wheel-assisted devices could use to enter the
building but none was spotted. As a result, some customers faced
challenges entering the building and moving around the multi-level
store. About 400 kilometres east, in Ottawa, Fire & Flower,
didn’t have an accessibility ramp either. Representatives of both
stores say they plan to make their outlets more accessible, in
compliance with Ontario law.
“I’m not sure what accommodations are in place at these stores. I
think that is something we should all turn our mind to,†said Sa’d.
“That being said, I’m excited about having our first brick-and-mortar
stores,†she said. “But we have a long way to go.â€
Chegg eyes India for next level growth, aims to cash in on edtech boom
Santa Clara-based education technology (edtech) major Chegg is eyeing India for its next level of growth.
Company is studying the market, including other edtech firms, to gauge the feasibility of starting operations in the country.
Listed on the New York Stock Exchange, it is a major player in the connected learning or online education space.
It has a subscription-based model for college students, offering
study help, writing and learning tools, tutoring and text book rental.
Currently, India is one of the biggest markets for Chegg for
talent and content acquisition, and is employing more than 500 people
for the same. In addition to its full-time employees, they also have a
network of 80,000 qualified experts and students.
“For us, Chegg India is
the hub of content and talent. Also, a chunk of our back end
engineering teams that power our technology platform are based out of
India. It remains one of the most attractive markets beyond the US, and
we will continue to evaluate options,†said Nathan Schultz, president of
learning services at Chegg.
The company said that it has over 3.1 million paid subscribers in the US, an increase of 38 per cent year-on-year.
Posted by AGORACOM-JC
at 2:00 PM on Thursday, April 11th, 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 Technical Factors Push Bitcoin To $50,000 In The Coming Years?
Bitcoin could could experience a parabolic bull run to $50,000, climbing more than 800% from current prices, says a prominent technical analyst.
Veteran trader Peter Brandt recently made a bold prediction, stating that bitcoin could reach $50,000 in the next two years.
Bitcoin could could experience a parabolic bull run to $50,000,
climbing more than 800% from current prices, says a prominent technical
analyst.
Veteran trader Peter Brandt recently made a bold prediction, stating that bitcoin could reach $50,000 in the next two years.
Credited with forecasting bitcoin’s more than 80% decline in 2018, Brandt cited market history and technical analysis when providing this estimate.
“I believe that charts reflect underlying supply and demand fundamentals and that’s how we have to look at it,” he stated on Yahoo Finance YFi PM.
After bottoming out in 2015, bitcoin prices enjoyed a parabolic advance, emphasized Brandt.
Now, he expects cryptocurrencies will once again enter a parabolic bull market.
[Ed note: Investing in cryptocoins or tokens is highly speculative
and the market is largely unregulated. Anyone considering it should be
prepared to lose their entire investment.]
Analyst Skepticism
While several analysts emphasized that Brandt’s prediction certainly
could materialize, many were understandably skeptical, emphasizing their
wariness of price forecasts.
“Peter Brandt’s assessment is purely based on technical indicators
and market history,” noted Joe DiPasquale, CEO of cryptocurrency fund of
hedge funds BitBull Capital.
“While technical analysis has a place in all markets, past performance is no guarantee for future results,” he stated.
“Meanwhile, however, the current rally is consolidating nicely and we
can expect further price appreciation if the trend continues,”
added DiPasquale.
Marouane Garcon, managing director of crypto-to-crypto derivatives platform Amulet, urged caution.
“We have to be careful when trying to predict markets,” he noted.
“Parabolic movements happen once in a blue moon,” said Garcon.
As a result, “we can’t depend on them as they tell us more about the crowd’s sentiment than the actual value of the asset.”
He emphasized that while market history can prove helpful, “going
forward we have to be more careful because the market has matured and
the participants have changed.”
Adoption’s Key Role
Several analysts emphasized the key importance of bitcoin expanding
its user base, emphasizing that if the digital currency makes enough
progress on this front, it could hit $50,000.
“The focus, I believe, should be on adoption instead of price, because the latter follows the former,” said DiPasquale.
“If Bitcoin adoption continues to grow exponentially in the next two
years, we can easily see it hitting the $50,000 mark,” he noted.
“On the other hand, if adoption drives fail and there is no meaningful traction, even $5,000 will be difficult to hold.”
“As a blockchain gains more users,
the price moves up on a quadratic growth curve — similar to [Brandt’s]
idea of a parabolic advance.”
Charles Cascarilla, cofounder & CEO of Paxos, offered a similar take.
“The next wave of growth in this cycle will be driven by adoption
from mainstream retail and institutions, markets that are order of
magnitudes larger than the current users. In that context, $50k seems
possible.”
Disclosure: I own some bitcoin, bitcoin cash and ether.
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