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Analysis The cannabis comeback: Why Aphria’s shares tripled in one month - and the whole sector is booming. Again. Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer 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. ....
Canopy Growth(TSX:WEED)(NASDAQ:CGC) had a nice spike on the first trading day of the year. Fresh funds of more than US$150 million entered the cannabis space in the past three months, according to Stifel GMP Analyst Andrew Parthenio. The same analyst also said the companies are significantly undervalued compared to more mature sectors. Thus, notable earnings upside could be on the horizon. Some analysts are more upbeat following the Democrats’ twin victories in Georgia runoffs. U.S. president-elect Joe Biden could fulfill his campaign promise to decriminalize marijuana. Right-sizing for future growth On December 1, 2020, Aurora Cannabis shares plunged 17.2% and continued to slide. Reports that the company was pausing operations at one of its marijuana production facilities and at laying off more workers dragged the stock down. However, the price has risen to $12.67 on January 8, 2021, or 19.5% higher than its 2020 year-end price. ....
The Tablet December 23, 2020 Vivian Azer (in yellow shirt) joins fellow Focolare members who immigrated from Egypt and settled in Staten Island. They meet to share the Gospel in Arabic and English. Since the pandemic, however, they have connected through video conferencing, emails, and texts. Shown here are (from left) Amal Gabra, Sylvana Yousri, Aline Farkouh, Marina Azer, Magdy Mishraky, Lisa Mishraky, Marian Azer, Said Abdelmessih, and Alaa Diaa. (Photo: Courtesy of Vivian Azer) WINDSOR TERRACE Christian persecution in the Middle East regularly makes the news, but one Christ-follower from Egypt prefers to focus on something else the Gospel. Vivian Azer, a lifelong Coptic Catholic now living in Staten Island, confirmed that Christian life in Egypt is “tough.” But that’s all she wanted to say about the conditions there. ....