Connect with us

Anglais

Cannabis producer Aphria’s shares seesaw on 3rd day since short seller’s attack

Published

on

[ad_1]

Shares in battered Canadian cannabis company Aphria seesawed Wednesday after the company that sold them assets a short seller says are worthless defended the transaction.

The stock has been in free fall ever since a prominent short seller said on Monday that the company’s recent series of acquisitions in Latin America and the Caribbean are essentially worthless.

SOL Global Investments Corp., the company that sold Aphria various cannabis holdings in Jamaica, Argentina and Colombia, issued a statement on Wednesday saying it was « satisfied with the outcome of the transaction, » and touted the quality of the assets in question.

« These emerging market licenses represent some of the most significant growth opportunities in the global cannabis and CBD [cannabidiol] marketplaces, » chief executive officer Brady Cobb said.

At a short seller’s conference in New York on Monday, Gabriel Grego of Quintessential Capital Management called Aphria « a black hole » for investors’ money and insinuated the assets Aphria bought did nothing but enrich insiders.

Watch Grego’s video presentation here:

Cobb said the short sellers « are financially invested in destroying the stock prices of SOL Global and other cannabis companies by publicizing false and/or purposely misleading information to apply negative pressure to stock prices. »

Short sellers make money by betting against certain stocks. They do so by borrowing shares in the companies from other investors, selling them, pocketing the profits and then replacing the shares they borrowed at a lower price later on.

« Our company will not engage in a back-and-forth with these bad-faith actors at this time, » Cobb said, encouraging investors to take a close look at the company’s financial statements for themselves.

Investment analysts who cover the company have been digesting the story as it unfolds, and so far most have maintained confidence in the company — even if it is waning a little.

« The report also alleges that Aphria insiders held undisclosed economic interests in financing vehicles prior to being acquired, » Canaccord analyst Matt Bottomley said of the story on Tuesday.

« The company has categorically denied these allegations to us. While we have no way to assess the validity of the claims, even after discounting our valuation to reflect higher risk, we still see good value at current levels. »

Bottomley has a target price of $18 on the shares — meaning that’s what he thinks the stock will be trading at in the next 12 months. That’s three times its current level.

Aphria shares were falling again in premarket trading on Wednesday, before rallying when the SOL statement came out at 9:30 a.m. Later on in the morning, the shares were essentially flat compared with Tuesday’s close, changing hands at $5.95 a share.

« We believe that management’s credibility may have been impacted by the allegations raised in this report, » GMP analyst Martin Landry said. « It is unclear at this point how the company will re-establish trust with investors. »

Landry had a $22 target on the shares prior to the short seller’s report, but has now put that target « under review. »

[ad_2]

Source link

قالب وردپرس

Anglais

Nostalgia and much more with Starburst XXXtreme

Published

on

By

Get a taste of adventure with Starburst XXXtreme based on the legendary NetEnt Game. The nostalgic themes are sure to capture fans of the classic version as they get treated to higher intensity, better visuals, and features. The most significant element of the game is its volatility. Patience will not be an essential virtue considering the insane gameplay, and there is a lot of win potential involved. It retains the original makeup of the previous game while adding a healthy dose of adrenaline. 

Starburst Visuals and Symbols

The game is definitely more conspicuous than before. The setting happens over a 5-reel, 3-row game grid with nine fixed win lines, which function if a succession from the left to the right reel is present. Only those players that that attain the highest win per bet line are paid. From a visual standpoint, the Starburst XXXtreme slots illustrates lightning effects behind the reels, which is not surprising as it is inherited from the original version. Available themes include Classic, Jewels, and Space. The game is also available in both desktop and mobile versions, which is advantageous for players considering the global pandemic. According to Techguide, American gamers are increasingly having more engaging gaming experiences to socialize to fill the gap of in-person interaction. Starburst XXXtreme allows them to fill the social void at a time when there is so much time to be had indoors. 

Starburst XXXTreme Features

Players get to alternate on three features which are Starburst Wilds, XXXtreme Spins, and Random Wilds. The first appears on reels 2,3, or 4. When these land, they expand to cover all positions while also calculating the wins. They are also locked for a respin. If a new one hits, it also becomes locked while awarding another respin. Starburst XXXtreme offers a choice between two scenarios for a higher stake. In one scenario with a ten times stake, the Starburst Wild is set on random on reels 2,3, or 4, and a multiplier starts the respin. The second scenario, which has a 95 times stake, starts with two guaranteed starburst wilds on reels 2,3, or 4. it also plays out using respin game sequence and features. The game also increases the potential with the Random Wilds feature to add Starburst Wilds to a vacant reel at the end of a spin. Every Starburst Wild gives a random multiplier with potential wins of x2, x3, x5, x10, x25, x50, x100, or even x150.

The new feature is sure to be a big hit with the gaming market as online gambling has shown significant growth during the lockdown. AdAge indicates the current casino customer base is an estimated one in five Americans, so Starburst XXXtreme’s additional features will achieve considerable popularity. 

What We Think About The Game

The gambling market has continued to diversify post-pandemic, so it is one of the most opportune times to release an online casino-based game. Thankfully Starburst XXXtreme features eye-catching visuals, including the jewels and space themes. These attract audience participation and make the gameplay inviting. The game also has a nostalgic edge. The previous NetEnt iteration featured similar visuals and gameplay, so the audience has some familiarity with it. The producers have revamped this version by tweaking the features to improve the volatility and engagement. 

That is characterized by the potential win cap of 200,000 times the bet. Starburst XXXtreme does not just give betting alternatives for players that want to go big. The increase of multipliers also provides a great experience. If the respins in the previous version were great, knowing that multipliers can go hundreds of times overtakes the game to a new level. 

Players should get excited about this offering. All of the features can be triggered within a single spin. Whether one plays the standard game or takes the XXXtreme spin route, it is possible to activate all of the features. Of course, the potential 200,000 times potential is a huge carrot. However, the bet size is probably going to be restricted and vary depending on the casino. It is also worth pointing out that a malfunction during the gameplay will void all of the payouts and progress. Overall, the game itself has been designed to provide a capped win of 200,000 times the original bet. 

Continue Reading

Anglais

‘We’re back’: Montreal festival promoters happy to return but looking to next year

Published

on

By

In downtown Montreal, it’s festival season.

In the city’s entertainment district, a musical act was conducting a sound check on stage Friday evening — the second day of the French-language version of the renowned Just For Laughs comedy festival. Tickets for many of the festival’s free outdoor shows — limited by COVID-19 regulations — were sold out.

Two blocks away, more than 100 people were watching an acoustic performance by the Isaac Neto Trio — part of the last weekend of the Festival International Nuits d’Afrique, a celebration of music from the African continent and the African diaspora.

With COVID-19 restrictions continuing to limit capacity, festival organizers say they’re glad to be back but looking forward to next year when they hope border restrictions and capacity limits won’t affect their plans.

Charles Décarie, Just For Laughs’ CEO and president, said this is a “transition year.”

“Even though we have major constraints from the public health group in Montreal, we’ve managed to design a festival that can navigate through those constraints,” Décarie said.

The French-language Juste pour rire festival began on July 15 and is followed by the English-language festival until July 31.

When planning began in February and March, Décarie said, organizers came up with a variety of scenarios for different crowd sizes, ranging from no spectators to 50 per cent of usual capacity.

“You’ve got to build scenarios,” he said. “You do have to plan a little bit more than usual because you have to have alternatives.”

Continue Reading

Anglais

MELS new major movie studio to be built in Montreal

Published

on

By

MONTREAL — MELS Studios will build a new film studio in Montreal, filling some of the gap in supply to meet the demand of Hollywood productions.

MELS president Martin Carrier said on Friday that MELS 4 studio construction will begin « as soon as possible », either in the fall or winter of next year. The studio could host productions as early as spring 2023.

The total investment for the project is $76 million, with the Quebec government contributing a $25 million loan. The project will create 110 jobs, according to the company.

The TVA Group subsidiary’s project will enable it to stand out « even more » internationally, according to Quebecor president and CEO Pierre Karl Péladeau. In the past, MELS Studios has hosted several major productions, including chapters of the X-Men franchise. The next Transformers movie is shooting this summer in Montreal.

Péladeau insisted that local cultural productions would also benefit from the new facility, adding that the studio ensures foreign revenues and to showcase talent and maintain an industry of Quebec producers.

STUDIO SHORTAGE

The film industry is cramped in Montreal.

According to a report published last May by the Bureau du cinéma et de la télévision du Québec (BCTQ), there is a shortage of nearly 400,000 square feet of studio space.

With the addition of MELS 4, which will be 160,000 square feet, the company is filling part of the gap.

Carrier admitted that he has had to turn down contracts because of the lack of space, representing missed opportunities of « tens of millions of dollars, not only for MELS, but also for the Quebec economy. »

« Montreal’s expertise is in high demand, » said Montreal Mayor Valérie Plante, who was present at the announcement.

She said she received great testimonials from « Netflix, Disney, HBO and company » during an economic mission to Los Angeles in 2019.

« What stands out is that they love Montreal because of its expertise, knowledge and beauty. We need more space, like MELS 4, » she said.

There is still not enough capacity in Quebec, acknowledged Minister of Finance, the Economy and Innovation Eric Girard.

« It is certain that the government is concerned about fairness and balance, so if other requests come in, we will study them with the same seriousness as we have studied this one, » he said.

Grandé Studios is the second-largest player in the industry. Last May, the company said it had expansion plans that should begin in 2022. Investissement Québec and Bell are minority shareholders in the company.

For its part, MELS will have 400,000 square feet of production space once MELS 4 is completed. The company employs 450 people in Quebec and offers a range of services including studio and equipment rentals, image and sound postproduction, visual effects and a virtual production platform.

Continue Reading
Actualités4 semaines ago

Ces légendes du baccara vous dévoilent leurs secrets

Affaires4 mois ago

Retard de vol : le devoir de la compagnie envers ses passagers

Anglais11 mois ago

Nostalgia and much more with Starburst XXXtreme

Opinions11 mois ago

Même les jeunes RÉPUBLIQUES se lassent du capitalisme, selon les sondeurs américains — RT USA News

Opinions11 mois ago

« Aucune crise climatique ne causera la fin du capitalisme ! »

Opinions11 mois ago

Innovation : le capitalisme « responsable », faux problème et vraie diversion

Opinions11 mois ago

Vers la fin du Capitalocène ?

Opinions11 mois ago

Le “capitalisme viral” peut-il sauver la planète ?

Opinions11 mois ago

Livre : comment le capitalisme a colonisé les esprits

Opinions11 mois ago

Patrick Artus : « Le capitalisme d’aujourd’hui est économiquement inefficace »

Opinions11 mois ago

Zemmour candidat “sous-marin” pro-Macron, ce complotisme autorisé…

Opinions11 mois ago

La durée des vols bientôt divisée par deux. Merci le capitalisme !

Opinions11 mois ago

Economie politique. «Brevets et capitalisme»

Opinions11 mois ago

Le Parti communiste d’Afrique du Sud a cent ans

Opinions11 mois ago

Le wokisme est un anti-libéralisme

Opinions11 mois ago

Au moment où la critique du capitalisme ultralibéral et financiarisé obtient un plus large consensus, il devient crucial de ne plus se limiter à elle : aujourd’hui, l’enjeu cardinal est celui de l’alternative à un modèle discrédit.

Opinions11 mois ago

Ce que le capitalisme fait aux femmes

Mode11 mois ago

Louis Vuitton crée Charlie, sa première basket unisexe et écoresponsable

Mode11 mois ago

L’Événement Evening Dresses Show Retourne À Salerno Du 1 Au 3 Septembre 2021 Inaugurant La Saison Internationale Du Prêt-À-Porter

Mode11 mois ago

LVMH continue son ascension, tiré par son activité Mode et Maroquinerie

Anglais4 années ago

Body found after downtown Lethbridge apartment building fire, police investigating – Lethbridge

Styles De Vie4 années ago

Salon du chocolat 2018: les 5 temps forts

Anglais3 années ago

This B.C. woman’s recipe is one of the most popular of all time — and the story behind it is bananas

Santé Et Nutrition4 années ago

Gluten-Free Muffins

Santé Et Nutrition2 années ago

Comment aider un bébé à développer son goût

Anglais3 années ago

27 CP Rail cars derail near Lake Louise, Alta.

Anglais3 années ago

Man facing eviction from family home on Toronto Islands gets reprieve — for now

Santé Et Nutrition4 années ago

We Try Kin Euphorics and How to REALLY Get the Glow | Healthyish

Anglais3 années ago

A photo taken on Toronto’s Corso Italia 49 years ago became a family legend. No one saw it — until now

Anglais3 années ago

Ontario’s Tories hope Ryan Gosling video will keep supporters from breaking up with the party

Anglais4 années ago

Condo developer Thomas Liu — who collected millions but hasn’t built anything — loses court fight with Town of Ajax

Anglais3 années ago

This couple shares a 335-square-foot micro condo on Queen St. — and loves it

Styles De Vie4 années ago

Renaud Capuçon, rédacteur en chef du Figaroscope

Anglais4 années ago

Ontario Tories argue Trudeau’s carbon plan is ‘unconstitutional’

Mode3 années ago

Paris : chez Cécile Roederer co-fondatrice de Smallable

Styles De Vie3 années ago

Ford Ranger Raptor, le pick-up roule des mécaniques

Affaires3 années ago

Le Forex devient de plus en plus accessible aux débutants

Technologie3 années ago

YouTube recommande de la pornographie juvénile, allègue un internaute

Anglais4 années ago

100 years later, Montreal’s Black Watch regiment returns to Wallers, France

Anglais4 années ago

Trudeau government would reject Jason Kenney, taxpayers group in carbon tax court fight

Trending

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.

Permainan judi slot online terbaik

slot hoki gacor