Headlines (week ending 1/3/20)
1. Overall Market: Year-end tax-loss selling, but also some re-positioning; possible short covering on some heavily-shorted names; divergence between US and Canada in capital raising efforts (have's vs. have-not's, respectively)
2. Macro/Legislative: IL coming out of the gates fairly strong since adult-use legalization Jan 1. A measure to legalize adult use in South Dakota moving forward. CA raised taxes on cannabis again; growth in Southeast Asia
3. CNBS ETF: Currently at 31 holdings; favor the companies with stronger balance sheets (having a higher weighting in the portfolio); REITs and sale leasebacks have been a big part of the cap markets story in the past few months.
From inside the cannabis industry, delivering active portfolio management in cannabis.
THESE incredible images appear to show giant devil horns rising over the Persian Gulf during a solar eclipse.
A photographer waited in just the right place to snap the rare spectacle as the sun was partially blocked by the moon at dawn.
Elias Chasiotis had planned on capturing the solar eclipse on December 26 while on holiday in Al Wakrah, Qatar.
And he knew because it came at sunrise he had a chance to capture an even rare phenomenon - a solar eclipse combined with the light-bending mirage effects seen near the surface of the ocean.
He told BoredPanda: "I hoped that optical effects like inferior mirage would be visible and I was lucky enough to capture them."
This type of mirage over the ocean is called Fata Morgana and occurs when rays of light are bent when they pass through air layers of different temperatures.
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You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
THE NOT-TOO-DISTANT FUTURE—The National Security Council holds an emergency meeting. North Korea has launched a missile, capable of carrying a nuclear warhead within range of U.S. forces in Guam. At this rate, North Korea could land a nuke on the U.S. mainland in less than a year.
The shocking advance in capability despite heavy trade sanctions is due to a stream of money that the U.S. and its allies cannot monitor—a cryptocurrency. But it’s not one of the risky ones celebrated by overnight millionaires and largely avoided...
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