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The Canadian cannabis industry has been on a wild ride heading into legalization in 2018, and in the years following. Companies in this sector saw their valuations surge to multi-billion dollar market capitalizations (in many cases) as expectations of sky-high growth in a fully legalized market created a euphoria around this sector, which isn’t typically seen within the Canadian stock market. Companies like ( ) and ( ) saw absolutely remarkable valuations as investors looked to pinpoint which companies would see the greatest upside from legalization. However, as the stock charts below show, it’s been a rough past five years for these former high-flying in particular, and most in the sector. Now, the question is whether it’s possible the cannabis bubble could re-inflate, and what would drive outsized interest once again in these two stocks, and this sector as a whole. Canopy and Aurora I think Canopy Growth and Aurora Cannabis are two of the best companies to look at when assessing previous hype around the cannabis sector. These two companies produce both medical and recreational cannabis, under some of the most renowned brands in the market. Additionally, both companies have exported to other markets where medicinal marijuana is legal. They are companies many investors were betting could be beneficiaries of eventual legalization in the U.S. market. Unfortunately, despite some bullish rhetoric during the Biden administration, the legalization discussion in the U.S. never really took off as many industry experts were hoping. And with another Trump administration set to take hold, odds of legalization materializing appear to be getting lower by the day. Additionally, underlying fundamentals for both companies have taken a hit, in large part due to the accounting practices that allowed these companies to see their net income and revenue surge in the early days before and immediately following legalization (essentially, revenue was a function of plants grown but not yet sold), so when demand didn’t materialize as many expected, these companies’ valuations took a hit. In order for there to be a broad-based rebound among cannabis stocks, I think we’d need to see a resurgence of demand for legal weed in Canada. Right now, the black market appears to remain very strong, with too much activity taking place behind the scenes (to avoid very high taxes on legal product sold at retail stores). Additionally, it’s unclear that the cost-cutting measures Canopy, Aurora, and most companies in this space are putting forward will ultimately be good for growth. From both a supply and demand standpoint, cash flow projections for this sector remain muted, and that’s the underlying story here. So, a rebound can’t ever happen? In my view, there are some exogenous events that could re-inflate the hype bubble around the Canadian cannabis sector. For one, if a 180-degree turn is seen in the U.S. market and the incoming tariff war doesn’t happen, and cananbis is legalized or rescheduled on a federal level, maybe there’s something to the narrative that Canadian cannabis producers can benefit. That said, both Biden and Trump have taken an “America first” stance on trade. Trump has been even more antithetical to the idea that trade with Canada will boom anytime soon. So, there’s that. I think that a recovery in Canadian cannabis stocks will have to come from domestic demand picking up. Right now, I’m not seeing that in the data. So, until things change, this is a sector that could remain cheap on a valuation basis for a long time.
AMHERST, Mass. (AP) — Malek Abdelgowad scored 26 points as UMass beat UMass-Boston 86-52 on Saturday. Abdelgowad also contributed 14 rebounds for the Minutemen (4-7). Daniel Rivera added 11 points while going 4 of 6 and 3 of 7 from the free-throw line while they also had 10 rebounds. Jaylen Curry had 10 points and finished 4 of 7 from the field. The Beacons were led in scoring by Cameron Perkins, who finished with 13 points, six rebounds and two steals. Xavier McKenzie added 13 points, two steals and two blocks for UMass-Boston. Raphel Laurent also recorded eight points. UMass took the lead with 15:49 remaining in the first half and did not relinquish it. The score was 47-24 at halftime, with Abdelgowad racking up 18 points. UMass extended its lead to 66-36 during the second half, fueled by a 14-2 scoring run. Abdelgowad scored a team-high eight points in the second half as their team closed out the win. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .AQABA, Jordan — Top U.S. officials were in the Middle East on Thursday, pushing for stability in Syria and an end to Israel’s 14-month war in the Gaza Strip in a last-ditch diplomatic push by the outgoing Biden administration before President-elect Donald Trump takes office in a few weeks. Secretary of State Antony Blinken was in Jordan and Turkey for talks on how to ensure a peaceful transition of power in Syria following the ouster of longtime President Bashar Assad , while White House national security adviser Jake Sullivan was in Israel in a bid to wrap up a ceasefire with Hamas militants. A ceasefire would give President Joe Biden a final diplomatic victory after a turbulent term in which his administration has been unable to halt a brutal war that has claimed tens of thousands of lives in Gaza and plunged the territory into a humanitarian crisis. Trump has demanded the immediate release of hostages , threatening on social media that otherwise there would be “HELL TO PAY,” and has urged the U.S. not to get involved in Syria , where some 900 troops are based to combat the Islamic State militant group. Speaking to reporters in Tel Aviv, Sullivan expressed cautious optimism that conditions were ripe for halting the long-running conflict before the Biden administration leaves office. “I wouldn’t be here now if I didn’t think this thing was just waiting until after January 20,” he said. That’s when Trump will be inaugurated. The war erupted with Hamas’ Oct. 7, 2023, cross-border attack, in which militants killed some 1,200 people in Israel and took 250 others hostage. Israel’s retaliatory offensive in Gaza has killed nearly 45,000 Palestinians, more than half of them women and children, according to Gaza health officials, caused widespread displacement and led to severe hunger across the territory. U.S.-led ceasefire efforts have repeatedly faltered throughout the war, with the warring sides blaming each other for the failure. Israel has said it is seeking the destruction of Hamas’ governing and military capabilities, and at times has pressed ahead with the offensive in the face of U.S. calls for restraint. Hamas, meanwhile, has stuck to its demands that any ceasefire include a permanent end to the fighting and full withdrawal of Israeli forces from Gaza. The U.S. has backed Israel with key military and diplomatic support. But at times, it also has appeared helpless in urging Israel to minimize civilian casualties and to enable the delivery of more humanitarian aid into Gaza. Sullivan said the rapid-fire changes across the region have improved the chances for success. He said Israel’s ceasefire with Hezbollah last month, ending more than a year of fighting, the collapse of Syria’s government and the heavy blow Israel has inflicted on Hamas have all changed the negotiating climate. He also said there has been good cooperation with the incoming Trump administration , with widespread agreement between them. “The surround sound of these negotiations is different today than it has been in the past,” Sullivan told reporters after meeting with Prime Minister Benjamin Netanyahu. “I got the sense from the prime minister that he’s ready to do the deal,” Sullivan added. “We see movement from Hamas.” Sullivan is now scheduled to head to Qatar and Egypt — two Middle Eastern powers that have served as mediators throughout the war. Any deal would include the release of hostages held by Hamas, an exchange of Palestinian prisoners held by Israel and a surge in badly needed humanitarian aid into Gaza. Israel says Hamas is holding about 100 hostages — at least one-third of whom are believed to have died. As Sullivan was in Israel, Blinken was meeting with Jordanian and Turkish leaders to push for a peaceful transition of power in post-Assad Syria. “We’re back in the region at a time of both real promise but also peril for Syria and for its neighbors,” Blinken told reporters in Aqaba, Jordan, after meeting with King Abdullah II. He said the U.S. was working with its partners across the region to help Syria “transition away from Assad’s brutal dictatorship” and toward a new government that isn’t dominated by any single religious or ethnic group or by an outside power or the Islamic State militant group. “We’re determined to do everything we can, working in close coordination with partners, to help the Syrian people realize that aspiration,” Blinken said. Syria is home to an array of armed groups with competing interests and allies. In northern Syria, U.S.-backed Kurdish separatists are battling to fend off fighters supported by Turkey. In the country’s center and northeast, the extremist Islamic State group maintains a presence that generates concern for the U.S. And the rebels, hailing mainly from the Sunni Muslim majority in Syria, face the daunting task of creating a transitional government for the war-ravaged country. The leader of Syria’s biggest rebel faction is a former al-Qaida commander whose Hayat Tahrir al-Sham group is poised to chart the country’s future. The U.S. and the U.N. have designated the hard-line Sunni Islamist group a terrorist organization. The goal of creating a free and pluralistic Syria will be a challenge given the bad blood stretching across Syria’s sectarian lines after over half a century of Assad family rule and more than 13 years of civil war that claimed an estimated 500,000 lives. Blinken started his trip in Jordan, a close U.S. ally whose fragile economy has been strained over the years by an influx of hundreds of thousands of Syrian refugees. Next, he was headed to Turkey — a backer of Sunni rebels but a foe of the Kurds. Israel, meanwhile, has sent troops into Syria — its northern neighbor — and seized a former buffer zone that had been demilitarized since a 1974 truce. Israel has described the move as defensive, meant to protect its border and to prevent armed groups from seizing weapons left behind by Assad’s army. Netanyahu said Thursday that the move was temporary. But he said Israel would remain inside Syria until another party can secure the border, raising the likelihood of a prolonged and open-ended presence. Sullivan tried to play down the Israeli move, noting that Assad was toppled just days ago and it is too early to jump to any conclusions. But Blinken was more cautious as he called for restraint by all regional players with interests in Syria. He said the U.S. is “already talking to Israel” and others about the future of Syria. “Across the board, when it comes to any actors who have real interests in Syria, it’s also really important at this time that we all try to make sure that we’re not sparking any additional conflicts,” he said. Federman reported from Jerusalem. Associated Press writer Chris Megerian contributed from Washington.
Dodgers' Shohei Ohtani Wins National League MVP AwardEJ Farmer scores 20 points and Youngstown State downs Toledo 93-8710 notable books of 2024, from Sarah J. Maas to Melania Trump
2024 : A ROLLER COASTER YEAR FOR BOLLYWOODNokia Corporation Stock Exchange Release 12 December 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 12.12.2024 Espoo, Finland - On 12 December 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million. Total cost of transactions executed on 12 December 2024 was EUR 3,676,744. After the disclosed transactions, Nokia Corporation holds 213,393,499 treasury shares. Details of transactions are included as an appendix to this announcement. On behalf of Nokia Corporation BofA Securities Europe SA About Nokia At Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs. With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today - and work with us to create the digital services and applications of the future. Inquiries: Nokia Communications Phone: +358 10 448 4900 Email: [email protected] Maria Vaismaa, Global Head of External Communications Nokia Investor Relations Phone: +358 40 803 4080 Email: [email protected] Attachment Daily Report 2024-12-12
What's wrong with Boeing planes? Social media on fire as crash, faulty landings raise concern; netizens ask, should you be concerned while flying on one?Buffett refines plans for his fortune, donates more Berkshire shares - Reuters
Lamar defeats Ragin' Cajuns 74-45AMHERST, Mass. (AP) — Malek Abdelgowad scored 26 points as UMass beat UMass-Boston 86-52 on Saturday. Read this article for free: Already have an account? To continue reading, please subscribe: * AMHERST, Mass. (AP) — Malek Abdelgowad scored 26 points as UMass beat UMass-Boston 86-52 on Saturday. Read unlimited articles for free today: Already have an account? AMHERST, Mass. (AP) — Malek Abdelgowad scored 26 points as UMass beat UMass-Boston 86-52 on Saturday. Abdelgowad also contributed 14 rebounds for the Minutemen (4-7). Daniel Rivera added 11 points while going 4 of 6 and 3 of 7 from the free-throw line while they also had 10 rebounds. Jaylen Curry had 10 points and finished 4 of 7 from the field. The Beacons were led in scoring by Cameron Perkins, who finished with 13 points, six rebounds and two steals. Xavier McKenzie added 13 points, two steals and two blocks for UMass-Boston. Raphel Laurent also recorded eight points. UMass took the lead with 15:49 remaining in the first half and did not relinquish it. The score was 47-24 at halftime, with Abdelgowad racking up 18 points. UMass extended its lead to 66-36 during the second half, fueled by a 14-2 scoring run. Abdelgowad scored a team-high eight points in the second half as their team closed out the win. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar. Advertisement
By HILLEL ITALIE NEW YORK (AP) — Even through a year of nonstop news about elections, climate change, protests and the price of eggs, there was still time to read books. Related Articles Books | Nikki Giovanni, poet and literary celebrity, has died at 81 Books | Percival Everett, 2024 National Book Award winner, rereads one book often Books | Gift books for 2024: What to give, and what to receive, for all kinds of readers Books | Our critic’s picks: Best mystery fiction books of 2024 Books | 10 best books of 2024: The surprising reads that stuck U.S. sales held steady according to Circana, which tracks around 85% of the print market, with many choosing the relief of romance, fantasy and romantasy. Some picked up Taylor Swift’s tie-in book to her blockbuster tour, while others sought out literary fiction, celebrity memoirs, political exposes and a close and painful look at a generation hooked on smartphones. Here are 10 notable books published in 2024, in no particular order. Asking about the year’s hottest reads would basically yield a list of the biggest hits in romantasy, the blend of fantasy and romance that has proved so irresistible fans were snapping up expensive “special editions” with decorative covers and sprayed edges. Of the 25 top sellers of 2024, as compiled by Circana, six were by romantasy favorite Sarah J. Maas, including “House of Flame and Shadow,” the third of her “Crescent City” series. Millions read her latest installment about Bryce Quinlan and Hunter Athalar and traced the ever-growing ties of “Maasverse,” the overlapping worlds of “Crescent City” and her other series, “Throne of Glass” and “A Court of Thorns and Roses.” If romantasy is for escape, other books demand we confront. In the bestselling “The Anxious Generation,” social psychologist Jonathan Haidt looks into studies finding that the mental health of young people began to deteriorate in the 2010s, after decades of progress. According to Haidt, the main culprit is right before us: digital screens that have drawn kids away from “play-based” to “phone-based” childhoods. Although some critics challenged his findings, “The Anxious Generation” became a talking point and a catchphrase. Admirers ranged from Oprah Winfrey to Arkansas Gov. Sarah Huckabee, who in a letter to state legislators advocated such “commonsense recommendations” from the book as banning phones in schools and keeping kids off social media until age 16. Bob Woodward books have been an election tradition for decades. “War,” the latest of his highly sourced Washington insider accounts, made news with its allegations that Donald Trump had been in frequent contact with Russian leader Vladimir Putin even while out of office and, while president, had sent Putin sophisticated COVID-19 test machines. Among Woodward’s other scoops: Putin seriously considered using nuclear weapons against Ukraine, and President Joe Biden blamed former President Barack Obama, under whom he served as vice president, for some of the problems with Russia. “Barack never took Putin seriously,” Woodward quoted Biden as saying. Former (and future) first lady Melania Trump, who gives few interviews and rarely discusses her private life, unexpectedly announced she was publishing a memoir: “Melania.” The publisher was unlikely for a former first lady — not one of the major New York houses, but Skyhorse, where authors include such controversial public figures as Woody Allen and Trump cabinet nominee Robert F. Kennedy Jr. And its success was at least a minor surprise. Melania Trump did little publicity for the book, and offered few revelations beyond posting a video expressing support for abortion rights — a break from one of the cornerstones of GOP policy. But “Melania” still sold hundreds of thousands of copies, many in the days following her husband’s election. Taylor Swift was more than a music story in 2024. Like “Melania,” the news about Taylor Swift’s self-published tie-in to her global tour isn’t so much the book itself, but that it exists. And how well it sold. As she did with the “Eras” concert film, Swift bypassed the established industry and worked directly with a distributor: Target offered “The Eras Tour Book” exclusively. According to Circana, the “Eras” book sold more than 800,000 copies just in its opening week, an astonishing number for a publication unavailable through Amazon.com and other traditional retailers. No new book in 2024 had a better debut. Midnight book parties are supposed to be for “Harry Potter” and other fantasy series, but this fall, more than 100 stores stayed open late to welcome one of the year’s literary events: Sally Rooney’s “Intermezzo.” The Irish author’s fourth novel centers on two brothers, their grief over the death of their father, their very different career paths and their very unsettled love lives. “Intermezzo” was also a book about chess: “You have to read a lot of opening theory — that’s the beginning of a game, the first moves,” one of the brothers explains. “And you’re learning all this for what? Just to get an okay position in the middle game and try to play some decent chess. Which most of the time I can’t do anyway.” Lisa Marie Presley had been working on a memoir at the time of her death , in 2023, and daughter Riley Keough had agreed to help her complete it. “From Here to the Great Unknown” is Lisa Marie’s account of her father, Elvis Presley, and the sagas of of her adult life, notably her marriage to Michael Jackson and the death of son Benjamin Keough. To the end, she was haunted by the loss of Elvis, just 42 when he collapsed and died at his Graceland home while young Lisa Marie was asleep. “She would listen to his music alone, if she was drunk, and cry,” Keough, during an interview with Winfrey, said of her mother. Meanwhile, Cher released the first of two planned memoirs titled “Cher” — no further introduction required. Covering her life from birth to the end of the 1970s, she focuses on her ill-fated marriage to Sonny Bono, remembering him as a gifted entertainer and businessman who helped her believe in herself while turning out to be unfaithful, erratic, controlling and so greedy that he kept all the couple’s earnings for himself. Unsure of whether to leave or stay, she consulted a very famous divorcee, Lucille Ball, who reportedly encouraged her: “F— him, you’re the one with the talent.” A trend in recent years is to take famous novels from the past, and remove words or passages that might offend modern readers; an edition of “The Adventures of Huckleberry Finn” cuts the racist language from Mark Twain’s original text. In the most celebrated literary work of 2024, Percival Everett found a different way to take on Twain’s classic — write it from the perspective of the enslaved Jim. “James,” winner of the National Book Award, is a recasting in many ways. Everett suggests to us that the real Jim was nothing like the deferential figure known to millions of readers, but a savvy and learned man who concealed his intelligence from the whites around him, and even from Twain himself. Salman Rushdie’s first National Book Award nomination was for a memoir he wished he had no reason to write. In “Knife,” he recounts in full detail the horrifying attempt on his life in 2022, when an attendee rushed the stage during a literary event in western New York and stabbed him repeatedly, leaving with him a blinded eye and lasting nerve damage, but with a spirit surprisingly intact. “If you had told me that this was going to happen and how would I deal with it, I would not have been very optimistic about my chances,” he told The Associated Press last spring. “I’m still myself, you know, and I don’t feel other than myself. But there’s a little iron in the soul, I think.”
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