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Spyder #Cannabis $SPDR.ca – Alberta squeaks out title as Canada’s top cannabis market with $123.6M sold $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

Posted by AGORACOM-JC at 10:16 AM on Thursday, August 29th, 2019

SPONSOR: Spyder Cannabis (SPDR:TSXV) went public just a couple of months ago and hit the ground running with 5 operating Canadian retail locations – and a 6th one on the way via an 8,000 sq ft super store in Alberta.  Most companies would be ecstatic to have this number of locations – but Spyder just announced a major move into the United States, with a 5 location deal for boutique stores up and down the US Eastern seaboard.  The news gets better.  If all goes well with these 5 locations, the US outlet partner has a total of 39 locations across 20 states for Spyder to grow into to. Click here for more info.

(TSX-V: SPDR)

Alberta squeaks out title as Canada’s top cannabis market with $123.6M sold

Ontario, Quebec not far behind in new data showing sales since legalization

Rachel Ward

Gord Nichol shows off some of the products he bought inside RELM Cannabis Co., in Burlington, Ont. on April 1. Alberta narrowly squeaked out as Canada’s top cannabis market, surpassing Ontario by a matter of a few million. (Dan Taekema/CBC)

  • Albertans pull out their wallets for legal weed more often than other Canadians, new data shows.
  • Statistics Canada has published new information on the amount sold at cannabis store across the country, from legalization in October 2018 to June 2019.

The sales data shows that Alberta comes out as the top legal cannabis market in Canada, with more than $123.6 million in sales.

Alberta narrowly squeaked into the top spot with Ontario close behind at $121.6 million, followed by Quebec at $119.2 million.

‘Best job of any province,’ retailer says

Alberta’s quick pick-up in the cannabis market can be attributed to the province’s regulator â€” Alberta Gaming Liquor and Cannabis (AGLC) — argues Darren Bondar, who runs a national chain of cannabis stores out of Calgary.

“Alberta and the AGLC have done the best job of any province in the country,” the Spirit Leaf CEO said.

He notes AGLC had experience with private liquor stores, which helped them co-ordinate the opening of 275 private cannabis vendors.

The province also runs a public website that sells and mails out cannabis products.

Ontario may soon surpass Alberta in sales, however. The province was slow in getting stores open but expects to see another 50 open this fall.

Another of Canada’s most populous provinces, British Columbia, saw slow sales, coming ninth on the list. Smaller provinces of Nova Scotia and New Brunswick, saw more money spent.

Canada’s first cannabis competition

Alberta can also boast the country’s first legal cannabis competition when Hempfest Expo opens this October in Calgary. A big draw for other international cannabis hotspots, like Colorado and Amsterdam, expectations for Hempfest Cup are high.

The competition runs Oct. 11-12 at Stampede Park, and will boast entries from big and little growers alike â€” even Canadians who are (legally) growing plants in their homes or yards. Registration for the event closes Sept. 12.

Source: https://www.cbc.ca/news/canada/calgary/alberta-cannabis-sales-1.5259452

Spyder $SPDR.ca Announces Proposed Acquisition of Development Permit and Lease $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca $FAF.ca

Posted by AGORACOM-JC at 7:39 AM on Thursday, August 29th, 2019
  • Entered into a purchase agreement with an arm’s length third party to acquire the Vendor’s interest in a development permit issued by the City of Calgary for the operation of a retail cannabis store and an assignment of the leased attached to such Development Permit

Vaughan, Ontario–(August 29, 2019) – Spyder Cannabis Inc. (TSXV: SPDR) (“Spyder” or the “Company“), an established Ontario retail operator, is pleased to announced it has entered into a purchase agreement (the “Agreement“) with an arm’s length third party (the “Vendor“) to acquire the Vendor’s interest in a development permit issued by the City of Calgary for the operation of a retail cannabis store (the “Development Permit“) and an assignment of the leased attached to such Development Permit (the “Lease Assignment“; together with the Development Permit, the “DP Assets“).

Pursuant to the Agreement, the purchase price for the DP Assets will be $175,000, which will be payable through the issuance of 3,000,000 common shares of Spyder (“Spyder Shares“) at a deemed price of $0.0583 per share. The closing of the transactions contemplated by the Agreement is subject to the satisfaction of a number of conditions, including, but not limited to, receipt of all required regulatory approvals including the approval of the TSX Venture Exchange, the Company’s satisfaction of its due diligence results, inspections and investigations and obtaining landlord’s consent to the Lease Assignment.

About Spyder

Founded in 2014 Spyder is an established chain of three high-end vape stores in Ontario, with stores located in Woodbridge, Scarborough and Burlington. The Spyder brand is defined by its high-quality proprietary line of e-juice, liquids and exclusive retail deals, dispensed in uniquely designed stores creating the optimal customer experience. Spyder is building off this leading retail, distribution and branding eCig and vapes company and is pursuing expansion into the legal cannabis market. Spyder has developed a scalable retail model with aggressive expansion plan to create a significant retail footprint with targeted and disciplined retail distribution strategy focusing on Canadian locations in high traffic peripheral areas.

Cautionary Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the satisfaction of the closing conditions contemplated under the Agreement. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. Risk factors that could cause actual results or outcomes to differ materially from the results expressed or implied by forward-looking information include, among other things: the TSX Venture Exchange declining to accept the transaction, the landlord not consenting to the Lease Assginment, changes in tax laws, general economic and business conditions; and changes in the regulatory regulation. The Company cautions the reader that the above list of risk factors is not exhaustive. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

For more information, please contact:

Spyder Cannabis Inc.
Dan Pelchovitz
President & Chief Executive Officer 
Telephone: (905) 265-8273
Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/47380

Enthusiast Gaming $EGLX.ca – What Are the Most Popular Video Games for #Esports? $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

Posted by AGORACOM-JC at 5:52 PM on Wednesday, August 28th, 2019

SPONSOR: Enthusiast Gaming Holdings Inc. (TSX-V: EGLX) Uniting gaming communities with 80 owned and affiliated websites, currently reaching over 150 million monthly visitors. The company exceeded 2018 target with $11.0 million in revenue. Learn More

EGLX: TSX-V

What Are the Most Popular Video Games for Esports?

  • Esports, or electronic sports, compete with and sometimes even surpasses traditional sports when it comes to things like prize money and viewership.
  • This fast-growing industry is not just for kids either, as people from traditional sports, like Rick Fox, participate in the esports scene. These are the most popular games for esports and how they got so popular.

by Bryan Steele

Starcraft II

You can’t talk about esports history without mentioning South Korea, the home of esports. In the late ’90s and early 2000s, when Americans were just starting to use computers to surf the web, Korea invested heavily in becoming the best place in the world for gaming. People played Starcraft with each other as a hobby. Eventually, it became so competitive they started playing for money.

This quickly blossomed into what we now know as esports. Although Starcraft was replaced by its sequel, Starcraft II, the game remains a popular esport in Korea and other parts of the world. Currently, Starcraft II is past its prime, but it still has almost 2 million active players who’ve earned a total of nearly $31 million in prize money.

League of Legends

The story of esports then turned to League of Legends. Created in 2009, this game soon became the most played in the world, including in Korea. Its popularity exploded, especially in China, and eventually, League of Legends grew to have over 100 million players. 

That said, Riot Games, the creator of League of Legends, has kept the prize pools modest. Despite being one of the most-played games in the world, the total prize pool, as reported by EsportsEarnings, is just under $69 million.

Fortnite

Fortnite has taken the world by storm. With over 250 million players, its massive popularity translates into huge prize pools considering its relative newness on the esports scene.

Fortnite recently had its inaugural Fortnite World Cup, which had a prize pool of over $30 million. The winner, 16-year-old Kyle “Bugha” Giersdorf, went home with $3 million. Epic Games, the creator of Fortnite, is investing a ton of money into the esports scene. So far, it’s already paid out almost $72 million in winnings to its athletes.

Counter-Strike: Global Offensive

Valve, the creator of Counter-Strike: Global Offensive, or CS: GO for short, approaches esports differently than others on this list. Valve funds and operates large tournaments, but it also allows other organizations to organize their own competitions. As a result, the CS: GO scene is far larger than how many people actually play the game. 

According to Statista, CS: GO averages less than a million players. Despite this, it has awarded over $80 million in prize money to competitors from around the world.

Defense of the Ancients

Valve also developed Defense of the Ancients, also called DotA. Like CS: GO, not many people play DotA, but its esports scene is absolutely massive. According to Statista, less than a million people play DotA 2. However, because of the game’s many tournaments around the world, as well as The Compendium, which essentially crowdsources the prize money for DotA’s big tournament, its esports scene is huge.

According to EsportsEarnings, the total prize money from DotA is almost $182 million. For a game with a fraction of the Fortnite or League of Legends’ players, DotA throws a lot of money around for its esports scene.

Source: https://www.sportscasting.com/what-are-the-most-popular-video-games-for-esports/

ThreeD Capital Inc. $IDK.ca – Why Some Executives See #Crypto As A New Business Tool $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 5:18 PM on Wednesday, August 28th, 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.

IDK: CSE

Why Some Executives See Crypto As A New Business Tool

  • Executives are leveraging blockchain-driven currency to axe business process friction or fuel innovative products and services.
  • Signals are building that more organizations recognize its alluring features as fuel for innovative products and services, or useful for axing friction in the business process behind a transaction.

By: Jason Abdilla, Unsplash

Many executives see blockchain-driven digital currency as a terribly clunky payment vehicle or speculative investment. But signals are building that more organizations recognize its alluring features as fuel for innovative products and services, or useful for axing friction in the business process behind a transaction.

Unlikely Bedfellows Align Around Feature-Rich Token Projects

For example, a group of 14 financial firms led by UBS Group AG and including Barclays PLC, Nasdaq Inc., Credit Suisse Group AG , Bank of New York Mellon Corp., and State Street Bank & Trust Co have created a new company, Fnality International, to control development of a bitcoin-like token that the firms plan to use to settle cross-border trades. The token, called utility settlement coin (USC), is designed so banks can settle transactions directly with each other without having to involve a third-party intermediary, removing layers of costs and inefficiency. JPMorgan Chase & Co. is taking a similar approach, creating a network of more than 250 members that is working on a token called JPM Coin. Twenty eight brands, led by Facebook and including Mastercard, Visa, Uber, Spotify, PayPal, and eBay have created the Libra Association to develop a token, which is named Libra. In so doing, unlikely bedfellows are coming together to take on the extremely difficult work of forging a new financial infrastructure, pioneering challenging territory in joint governance, and navigating regulatory uncertainty.

What Is So Compelling?

Blockchain-driven digital tokens have very attractive attributes that make it possible to do something totally new: merge business and operational activity with the movement of money. All of a sudden, money can be programmable—terms and conditions could be directly embedded into how money moves from one party to another. While this is certainly possible in today’s financial world, the potential to reduce the cost of doing so to writing a few lines of code is tantalizing.

For example, the USC token serves as a messenger that includes the data needed to complete a trade along with payment, which could cut transaction cost and time. A key feature of Facebook’s Libra is a programming language called Move that can be used to customize transaction logic and create “smart contracts” that dictate the conditions under which value is moved—an element which could fuel a range of financial innovations. Imagine a world in which a few lines of code ensure a transaction doesn’t take place until certain other conditions are met—an asset couldn’t be spent until a certain time in the future, or until a certain number of parties have registered their approval. While moving this logic to code comes with a new set of challenges (including the possibility of bugs and the open question of legal enforceability), pioneers imagine digital tokens flexibly embedded into existing products, used to create innovative bundling, or develop completely new financial products.

Digital tokens carry other attractive attributes as well. They are designed to be interoperable (they are more useful the more widely accepted they are, and so token development is a race to get the flywheel turning on network effects). They are typically traceable, so they provide clear auditability, and hold the potential to settle on a near-immediate basis.

By cutting out intermediaries, they also offer the prospect of a low-transaction cost global currency. According to Bloomberg, retailers are paying $90 billion in swipe fees on credit and debit cards every year. On August 14, supermarket giant Kroger stopped accepting Visa at 21 supermarkets and five gas stations because of what the company called “excessive fees”.

Digital tokens could eventually also serve as an efficient way to shape and align consumer or partner behavior, functioning as a high value rewards system, like a supercharged loyalty point. This has the potential to exert influence across a wide range of organizations and business objectives.

Regulators Are Taking These Signals Seriously

UNITED STATES – JULY 16: David Marcus, head of Facebook’s Calibra digital wallet service, prepares to testify during the Senate Banking, Housing and Urban Affairs Committee hearing on “Examining Facebook’s Proposed Digital Currency and Data Privacy CQ-Roll Call,Inc.

Momentum has been met with a heightened response from regulators and lawmakers. Facebook’s announcement of Libra led to heated U.S. Senate Banking Committee and the House Financial Services Committee held hearings. At the hearings, Senate Banking Chairman Mike Crapo of Idaho painted the complexity ahead, “Libra is based on a relatively new and continually evolving technology in which it is not entirely clear how existing laws and regulations apply.” The Financial Stability Oversight Council, an umbrella group of regulators that includes the Fed, has formed a working group to discuss oversight of digital assets. The Group of Seven (G7) industrialized nations have elevated cryptocurrencies to a priority issue, with finance ministers debating how global cryptocurrency could impact financial markets. Bank of England Governor Mark Carney even suggested central banks should consider joining forces to create a virtual currency (based on a network of digital central-bank currencies) that could ease the global economy’s reliance on the dollar and be used to facilitate cross-border trade and international payments.

Suddenly, the prospect of whether this new form of money could undermine the role of central banks or become a viable alternate to national currencies had become serious debate. This acknowledges the power and influence of the players exploring these new currencies as well as the complexity of projecting how they would operate in the wild.   

Canary In The Coal Mine?

Will these initial projects succeed or fail? It is too early to project the outcome of such early work in the space, much less how it could evolve as momentum builds. However, we are seeing clear signals that there is hunger for the features and functionality blockchain-driven digital tokens and currency make possible. And many in the space are taking the position that it’s inevitable that something like these early projects will ultimately come to market, even if the initial attempts fail to make it through the regulatory gauntlet. It is likely we will see a race for innovation in this space, one that could blur the lines between the financial services industry and other sectors, and even the role of nation-states versus corporations.

Source: https://www.forbes.com/sites/alisonmccauley/2019/08/28/why-some-executives-see-crypto-as-a-new-business-tool/#676b926c37ae

CLIENT FEATURE: Empower Clinics $CBDT.ca – 165,000 Patients Already, CBDT Is Positioned To Become A Medical #Cannabis & #CBD Retail Powerhouse $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

Posted by AGORACOM-JC at 12:14 PM on Wednesday, August 28th, 2019

Why Empower Clinics

  • A leading owner/operator of physician staffed health and pain management clinics
  • Patient database of over 165,000 patients 
  • Platform generating $4MM USD in revenue annually (2019)
  • Proprietary technology platforms including Electronic Health Records portal and e-Commerce for CBD product distribution
  • Launching CBD extraction facility
  • First extraction system capacity = 6,000 Kg per year.
  • CBD based products are poised to be a $20B global industry by 2022
  • Medical cannabis is poised to be a $100B global industry by 2025

Recent Acquisition of Sun Valley Certification Clinics Holdings LLC

  • Created one of the largest clinic groups in the medical cannabis sector in the United States
  • Twelve (combined) clinic locations
  • Operating in Washington, Oregon, Arizona, Nevada and California

CHECK OUT OUR RECENT INTERVIEW

FULL DISCLOSURE: Empower Clinics is an advertising client of AGORA Internet Relations Corp.

Esports Entertainment Group $GMBL – #Fortnite streaming star #Ninja lands partnership with #Adidas $TECHF $ATVI $TTWO $GAME $EPY.ca $FDM.ca $TNA.ca

Posted by AGORACOM-JC at 10:59 AM on Wednesday, August 28th, 2019
SPONSOR: Esports Entertainment $GMBL Esports audience is 350M, growing to 590M, Esports wagering is projected at $23 BILLION by 2020. The company has launched VIE.gg esports betting platform and has accelerated affiliate marketing agreements with 190 Esports teams. Click here for more information
GMBL: OTCQB

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‘Fortnite’ streaming star Ninja lands partnership with Adidas

By: Mike Snider, USA TODAY

“Fortnite” streaming superstar Tyler “Ninja” Blevins has joined another team: Adidas.

This is the second major move recently for the professional video gamer, who earlier this month left the Twitch streaming service for the Microsoft-owned streaming platform Mixer.

“Partnering with Adidas is a chance to join a family that celebrates fellow creators at the top of their game,” he said in a video posted on the Adidas website Tuesday.

There’s no specific Adidas gear sporting Ninja iconography, but that won’t likely be the case for long. “I can’t say specifically what is in the works with Adidas, but use your imagination,” Blevins said on his Mixer stream reported tech news site The Verge.

Esports at home: How to be an esports star without going pro, playing games like Solitaire and Madden NFL

Risks of esports: Injuries real for pros and at-home gamer, from finger sprains to collapsed lungs

When he left Twitch, Blevins had more than 14 million followers on Twitch – and more than 22 million subscribers on YouTube. Blevins helped instigate a pop culture moment in March 2018 when he played ‘Fortnite’ online with rapper Drake. Blevins now has nearly 2 million followers on Mixer.

Blevins, who gained notoriety for his prowess playing the video game “Halo,” is expanding his brand with a recently-released book “Ninja: Get Good: My Ultimate Guide to Gaming.” He also was reportedly paid $1 million by Electronic Arts to play the online game “Apex Legends,” according to Reuters.

Blevin’s moves are just the latest escalation in the video game streaming-esports arena. Nike and K-Swiss recently made deals with esports organizations, too, as CNBC reported recently.

Source: https://www.usatoday.com/story/tech/talkingtech/2019/08/27/fortnite-star-ninja-signs-partnership-deal-adidas/2135304001/

Tartisan #Nickel $TN.ca – Nickel touches one-week high on Indonesia worries, inventories $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Posted by AGORACOM-JC at 10:37 AM on Wednesday, August 28th, 2019

SPONSOR: Tartisan Nickel (TN:CSE)  Kenbridge Property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has interests in Peru, including a 20 percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property. Click her for more information

Tc logo in black
TN: CSE
Fact Sheet
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Nickel touches one-week high on Indonesia worries, inventories

  • Nickel prices hit their highest in a week on Wednesday as speculators bought on fears of shortages from major producer Indonesia, while at least half of London Metal Exchange inventories were under the control of one party.
  • Nickel, mainly used to make stainless steel, has shot up about 50% so far this year, fueled by concerns that Indonesia will move forward a mineral export ban due in 2022.

By: Eric Onstad

LONDON — Nickel prices hit their highest in a week on Wednesday as speculators bought on fears of shortages from major producer Indonesia, while at least half of London Metal Exchange inventories were under the control of one party.

Nickel, mainly used to make stainless steel, has shot up about 50% so far this year, fueled by concerns that Indonesia will move forward a mineral export ban due in 2022.

“The price rise is exaggerated,” said Commerzbank analyst Daniel Briesemann, adding that the price gains were not supported by supply and demand fundamentals.

“Lower exports of nickel ore should at least in part be balanced by higher exports of higher-value nickel products, so the impact would not be as severe as appears at first glance.”

Benchmark nickel was the strongest performer on the LME, advancing 1.5% to $15,930 a tonne in official open-outcry trading after touching $16,000, the highest since Aug. 21.

The net speculative long position of nickel on the LME had expanded to 20% as of Friday’s close, a fresh year-to-date high, Alastair Munro at broker Marex Spectron said in a note.

* NICKEL STOCKS/TIME SPREAD: One party holds 50% to 80% of available LME inventories, data showed, leading to tight supplies in the LME system, traders said.

They said this also likely contributed to a jump in the premium of cash LME nickel over the three-month contract to $79 a tonne by Tuesday’s close, the highest in a decade.

* NICKEL WASTE: Waste from a nickel plant in Papua New Guinea owned by Metallurgical Corporation of China spilled into the adjacent Basamuk Bay over the weekend, three sources told Reuters on Wednesday.

* CHINA RATES: Deteriorating Sino-U.S. trade ties and interest rate reforms are fueling speculation China will start cutting key rates from next month, but bankers expect borrowing costs to come down only gradually.

* CHALCO: Chinese aluminum giant Chalco’s, production of the metal fell more than 8% in the first-half of 2019 from the same period a year earlier, data showed, highlighting the impact of low prices on Chinese smelters.

* PRICES: LME copper shed 0.2% to trade at $5,673 a tonne in official rings, aluminum dipped 0.1% to $1,758.50, zinc lost 0.6% to $2,259.50, lead fell 0.7% to $2,085, while tin gained 0.6% to $15,850.

* For the top stories in metals and other news, click or ($1 = 7.0928 Chinese yuan) (Reporting by Eric Onstad; Editing by Ken Ferris and Edmund Blair)

Source: https://business.financialpost.com/pmn/business-pmn/copper-ticks-higher-on-china-optimism-consumer-buying

CLIENT FEATURE: Enthusiast Gaming #EGLX.ca – $11M in annual revenue, 80 owned and affiliated websites, reaching over 150 million monthly visitors #Esports $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

Posted by AGORACOM-JC at 9:00 PM on Tuesday, August 27th, 2019
EGLX: TSX-V

Why Enthusiast Gaming?

  • The fastest-growing online community of video gamers
  • Exceeded 2018 target with $11.0 million in revenue
  • Cash flow positive and profitable
  • $180 Billion+ gaming industry / bigger than Hollywood and the music industry
  • Platform of 80+ gaming content websites and 150M active visitors every month
  • Owns largest gaming expo in Canada with attendance of +55,000 in 2018, supported by major corporate sponsors

EGLX EVENT

​The largest gaming expo in Canada and a wholly owned subsidiary of Enthusiast Gaming.

RECENT NEWS

INDUSTRY NEWS

FULL DISCLOSURE: Enthusiast Gaming is an advertising client of AGORA Internet Relations Corp.

Tartisan #Nickel $TN.ca – Nickel on track to close above #tin for the 1st time in 9 years $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Posted by AGORACOM-JC at 12:00 PM on Tuesday, August 27th, 2019

SPONSOR: Tartisan Nickel (TN:CSE)  Kenbridge Property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has interests in Peru, including a 20 percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property. Click her for more information

Tc logo in black
TN: CSE
Fact Sheet
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Nickel on track to close above tin for the 1st time in 9 years

  • London nickel prices on Tuesday were on track to close higher than tin prices for the first time since September 2010, buoyed by a recent rally in nickel prices and declines in tin prices.
  • Nickel on the London Metal Exchange (LME) rose as much as 1.6% to $15,910 a tonne in early Asian trading, surpassing the tin contract, which hit a fresh three-year low of $15,765 a tonne.

By: Mai Nguyen and Tom Daly

SINGAPORE/BEIJING — London nickel prices on Tuesday were on track to close higher than tin prices for the first time since September 2010, buoyed by a recent rally in nickel prices and declines in tin prices.

Nickel on the London Metal Exchange (LME) rose as much as 1.6% to $15,910 a tonne in early Asian trading, surpassing the tin contract, which hit a fresh three-year low of $15,765 a tonne.

If nickel closes above tin on the LME, it would be the first time since Sept. 15, 2010, according to Refinitiv Eikon data.

Nickel has been a rising star in the base metals complex, soaring nearly 50% so far this year on the LME, boosted by worries of supply disruption, solid demand and technical trading.

LME tin, the worst performer among all base metals, has lost 19% so far this year due to weak demand. China’s tin smelters recently cut production due to sluggish sales, low processing fees and reduced availability of ore.

“I have never seen this during my career. Finally. But it is by tin price going down. It should be by nickel prices going up,” said Yim Suk Jae, a manager at STX Corp, which handles supply from the Ambatovy nickel and cobalt project.

FUNDAMENTALS

* PRICES: LME copper rose 0.1%, aluminum fell 0.3%, zinc decreased 0.3% and lead edged up 0.2%. Shanghai copper rose 0.7%, zinc advanced 1.4%, lead increased 1% and aluminum edged up 0.1%.

* TRADE DEAL: U.S. President Donald Trump on Monday predicted a trade deal with China after positive gestures by Beijing, but gains in metals were capped as the bruising trade war shown a tendency to quickly reverse direction.

* COPPER: Germany’s Wieland, one of the world’s largest copper product makers, said on Monday it would reduce working hours at a German plant from next month because of the slowing global economy.

* CHINA: Profits at China’s industrial firms returned to growth in July, helped by public works spending and improved margins in some sectors, but an economic slowdown and the U.S. trade war are seen weighing on business outlook.

* CHINA HOUSING: China’s housing market is expected to slow this year with sales forecast to drop, as Beijing steps up efforts to scrutinize banks and provincial governments to keep a lid on lending and prices, a Reuters poll showed.

* YUAN: China’s yuan weakened for the ninth straight session on Tuesday, plumbing new 11-1/2-year lows, as dramatic twists in the Sino-U.S. trade war left investors skeptical of the chances of a near-term deal.

A weaker yuan pressures dollar-priced metals by making them more expensive for Chinese buyers.

Source: https://business.financialpost.com/pmn/business-pmn/nickel-on-track-to-close-above-tin-for-the-1st-time-in-9-yrs

EMPOWER CLINICS $CBDT.ca – Rob Gronkowski Announces New Line Of #CBD Products, Leaves Door Open For Return To Football $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

Posted by AGORACOM-JC at 11:21 AM on Tuesday, August 27th, 2019

SPONSOR: EMPOWER CLINICS INC. (CSE: CBDT) (Frankfurt: 8EC) (OTC: EPWCF)

  • A leading owner/operator of physician staffed health and pain management clinics.
  • Patient database of over 165,000 patients 
  • Platform generating $4MM USD in revenue annually (2019)
  • Proprietary technology platforms including Electronic Health Records portal and e-Commerce for CBD product distribution
  • Launching CBD extraction facility
  • First extraction system capacity = 6,000 Kg per year.
  • CBD based products are poised to be a $20B global industry by 2022
  • Medical cannabis is poised to be a $100B global industry by 2025
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Rob Gronkowski Announces New Line Of CBD Products, Leaves Door Open For Return To Football

  • Rob Gronkowski’s “next chapter” involves a campaign to get professional sports leagues to loosen their restrictions on CBD products.
  • Retired former Patriots tight end announced at a press conference in New York City on Tuesday that he has partnered with Abacus Health to launch a line of CBD products, after Gronkowski said the products changed his life.

BOSTON (CBS) — Rob Gronkowski’s “next chapter” involves a campaign to get professional sports leagues to loosen their restrictions on CBD products.

The retired former Patriots tight end announced at a press conference in New York City on Tuesday that he has partnered with Abacus Health to launch a line of CBD products, after Gronkowski said the products changed his life.

“I immediately made CBDMedic part of my recovery,” Gronkowski said of his post-retirement treatment. “And now for the first time in more than a decade, I am pain-free. And that is a big deal.”

Citing his countless injuries and his nine surgeries during his playing career, Gronkowski said he had no choice but to retire.

“[The injuries] took an absolute beating on my mind and my soul. I was hurt both mentally and physically, day in and day out,” Gronkowski said. “I decided to walk away from the game for one reason: I had to recover.”

Gronkowski said his own results have led to him choosing to make a plea to professional sports leagues to allow active players to use CBD products to treat their own injuries.

“It’s just time,” he said.

Gronkowski was asked the question that’s been asked by everyone and anyone over the past few months: Is he returning to the NFL? Gronkowski got emotional when answering the question.

“It’s crazy. I understand. I feel that love. But I want to be clear to my fans: I needed to recover. I was not in a good place. Football was bringing me down. And I didn’t like it. And I was losing that joy in life. Like, the joy. I’m sorry right now,” Gronkowski said, fighting through tears. “But … I really was. And I was fighting through it. And I knew what I signed up for and I knew what I was fighting through, and I knew I just needed to fix myself.”

Gronkowski said his focus now is on achieving optimal health, and that a return to the NFL is not in the cards in the coming weeks or the next month.

However, Gronkowski left the door open to a return to playing football, if he feels healthy enough at a later date.

“I truly believe I can get to another level with my body, and I’m just in the first stage right now,” Gronkowski shared. “When that time comes down in the future, if I have the desire to play football again, if I feel passionate about football again, if I’m feeling like I need to go back on the field, I will go back to football. But as of right now, that is not the case. It could be the case in six months, it could be the case in two years, it could be the case in three years, it could be the case in three months. But I truly don’t see it in the foreseeable future, in like a week or a month. No. I want to do a different chapter of my life right now.”

Gronkowski shared a personal story about the types of injuries he played through, discussing a hit to his quad he endured during a Super Bowl. Gronkowski finished the game and won a championship, but that was jut the start of the pain.

“I was in tears in my bed after a Super Bowl victory. … It didn’t make much sense to me,” Gronkowski said. “I couldn’t sleep for more than 20 minutes a night, after a Super Bowl win. And I was like damn, this sucks. It didn’t feel right.”

Gronkowski said that in three separate hospital visits, 1000 milliliters of blood was drained from his leg.

“It’s not normal. It was like record-breaking at the hospital,” Gronkowski said. “I was like, you know I like to break records — which I do, I think I broke records on and off the field non-stop, with injuries and everything. That’s what I do.”

Tuesday’s press conference was initially announced on Aug. 13, immediately leading to speculation regarding what Gronkowski’s “next chapter” might be.

Gronkowski, who turned 30 in May, retired from football after completing his ninth season. He was originally drafted in the second round of the 2010 draft by the Patriots, for whom he caught 521 passes for 7,861 yards and 79 touchdowns during his Hall of Fame career. He also added 81 playoff receptions for 1,163 yards and 12 touchdowns in 16 games played, helping the Patriots to wins in both Super Bowl XLIX and LIII.

Talk of a potential Gronkowski retirement began during the offseason prior to the 2018 season, but Gronkowski ultimately decided to play. He announced his retirement in late March of this year, after making a diving catch to set up the game-winning touchdown in Super Bowl LIII against the Rams.

Gronkowski also announced a new name for himself.

“Now, you can just call me Mr. Recovery,” Gronkowski said. “You know you like that name. Mr. Recovery, baby!

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