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Financial Stocks Sector Appears Ready To Run Higher :: The Market Oracle ::


As we transition into the early Summer months, we are watching how different market sectors are reacting to the continued shifting of capital over the past 60+ days.  One this is very clear, certain market sectors are strengthening while others have run into resistance and are consolidating.  We believe the next few weeks and months will continue this type of trend where capital continues to shift away from risks and into sectors that show tremendous strength and opportunity.
We wrote about how Precious Metals are likely starting a new bullish price trend on April 18, 2021. You can read that research article here: https://www.thetechnicaltraders.com/metals-miners-may-have-started-a-new-longer-term-bullish-trend-part-ii/. ....

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Canopy Growth Corp (CGC), COMP SERVICES (CMPS), FIELD TRIP HEALTH LTD by Field Trip Health Ltd. (FTRPF), LIBERTY HEALTH SCI ORD by Liberty Health Sciences Inc (LHSIF), MIND MEDICINE MINDMED by MIND MEDICINE MINDMED INC. (MMEDF), Pfizer (PFE), Red White & Bloom Brands (RWBYF) - Cannabis Countdown: Top 10 Marijuana And Psychedelic Stock News Stories Of The Week


Field Trip Intends to Use the Net Proceeds From the Offering for the Development of the Company’s FT-104 Novel Psychedelic Development Program, the Opening of New Field Trip Health Centers, and for Working Capital and General Corporate Purposes
Field Trip Health (OTC:FTRPF) announced that, due to strong demand, it has agreed with a syndicate of underwriters led by Bloom Burton Securities, to increase the size of its previously announced $50,000,015 bought deal offering. Pursuant to the upsized deal terms, the underwriters have agreed to purchase, on a bought deal basis, 12,750,000 common shares of Field Trip, at a price of $6.50, for aggregate gross proceeds of $82,875,000. ....

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The crazy cannabis comeback: Why Aphria's shares tripled in one month - and the whole sector is booming. Again.


Analysis
The cannabis comeback: Why Aphria’s shares tripled in one month - and the whole sector is booming. Again.
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HO/The Canadian Press
They were left for dead, or something very close to it.
Cannabis producers were shut out of capital markets in 2019, reeling from writedowns sometimes worth hundreds of millions of dollars and struggling to forecast any profits for the foreseeable future. ....

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