Cannabis stocks tumbling in early days of legalization
BNN-Shares of major Canadian-listed cannabis companies are extending their broad declines Monday as investors pull out of the volatile sector just a few days after recreational use was legalized in Canada.
Legalization has not been kind to some of the country’s biggest names such as Canopy Growth Corp., Aurora Cannabis Inc. and Tilray Inc. which have seen their respective stocks suffer double-digit declines since Oct. 17 when adult-use of marijuana in Canada was permitted as Bill C-45 came into force.
Canopy Growth, the country’s largest marijuana producer, was trading 7.94 per cent lower to $56.43 on the Toronto Stock Exchange as of 11:22 a.m. ET Monday; its stock has tumbled almost 24 per cent since hitting an all-time high on Oct. 16. Aurora Cannabis, which also hit record highs on Oct. 16, has plunged 21 per cent over the same period.
Other key decliners in the marijuana space include Leamington, Ont.-based Aphria Inc., which has fallen 14.3 per cent since Oct. 16, while Tilray is down 20 per cent. Smaller producers have also taken a tumble with Cronos Group declining 23 per cent and CannTrust Holdings Inc. down the same amount since last Tuesday. .
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It’s a beautiful day in San Juan County! The Wyatt Mace Allstate Agency is ready to earn your business in any way we can. Come by today and enjoy some complimentary coffee while we work up your no obligation quote to see if we can’t upgrade your insurance experience! Call me today @ 505-334-6177!
Good morning, 🌞
I hope you all had an amazing weekend. This weekend I celebrated my youngest niece turning 2 along with playing with my 6 year old niece! And helped my 21 year old brother with his car while spending time with my 21 year old fiancée.
Wait...why did I include their ages? 🧐
Age doesn’t matter? Especially not in insurance...right?
Age is VERY important in all insurance! Every product has its own age specific significance.
For commercial policies, it’s based off your age of experience. Most companies only allow employees to be on insurance and to use equipment after age 21, meaning that your rate is based off how close to that age you are. If you’re older, you’ll experience a smaller rate versus being younger with a larger rate. 🚕
For auto insurance, it’s not 100% based off your age, but your age is a factor. Younger drivers see more of a larger rate than someone in their mid to late 20s. That’s based on several different statistics, ranging from high school aged teens to 30 year old adults. A married couple in their late 20s are more likely to receive a cheaper rate than a bachelor the same age. 🚗
Property insurance really doesn’t touch age, those rates are based very little on age and that’s just another statistics situation. 🏠
Life policies? The younger you get them, the less they are and the more likely you are to be covered. At any age you can be diagnosed with something that makes not compliant with a life policy. If you’re young and healthy, get insured! Just because you’re so young and healthy doesn’t mean you shouldn’t insure yourself. If anything, that should make you want to insure yourself more! I’m 22 and pay life insurance at just $22 a month. $22 is all it takes to make sure my family isn’t left with the financial burden of putting me to rest and it leaves them with something to use to take care of any loose ends. Age for life insurance is VERY important because that’s what they use to determine your risk. 👨👩👧👦
Age is NOT just a number. It’s an important staple in determining your risk and your premium.
Message me today to learn more about why age is so important, and perhaps get a FREE quote! 🦋
1 111 hours ago
Cameraman - “don’t look at the camera.” ... probably the last B1G Ten Network will let me be in the background for a filming while my dad claims his favorite food @rj_bentleys is wings and my sister isn’t buying it.
I could not be more proud of @robreffkin@maellegavet & absolutely everyone at Compass today!
In a household of two small business owners, this is not only game changing news 📝👇🏻for my little family👭but an unprecedented achievement in our industry. In addition to healthcare, included at no cost will be workers comp insurance, 401(k) plans, life insurance, etc. 💪🏻🎉 via CEO Robert Reffkin:
If you talk to 100 small-business owners, 99 out of 100 will tell you that the biggest headache in their lives is health insurance. It’s complicated, confusing, expensive, filled with red tape — and vitally important to every single one of us.
Yet in our industry, nearly every agent has to navigate the mess of healthcare entirely on their own. Agents are paying too much and getting too little. And because the prices are so high on the open market, there are tens of thousands of agents who are going without any health insurance at all.
It’s not right. And it ends… today.
About a year ago, I was visiting the Compass office in Cobble Hill, Brooklyn where I met an agent named Lori (@lorimendelis) and I asked her, “What could we be doing to make your life better?” She told me that more than anything else, health insurance kept her up at night. Her premiums kept rising and rising — up to $28,000 a year.
So I made her a promise. And for the last 8 months, Compass has been working on a plan to provide health insurance to our agents. It’s not an easy problem. We hit multiple obstacles and failed multiple times -- three times to be exact. But we’re solutions driven and we bounce back with passion at Compass, so we didn’t give up.
I’m very, very proud to say that we’re now able to provide access to a great healthcare plan for our agents. We’ve created a number of options in every one of our markets through Cigna — and when you compare against comparable plans on the health insurance exchanges, they have a savings of up to 62.8%. We’re just getting started here, and we’ll continue to expand and improve the healthcare plan every year, like we do with everything at Compass.
This is a proud day for Compass. And thank you, Lori, for inspiring us to take this on and make it happen.
1 121 hours ago
If you think life insurance is for you and that’s why you don’t need it — you are mistaken. Life Insurance is not FOR you, it is FROM you to those you love and care about, to help them continue to live and survive and be okay if something were to happen to you. It helps ease the pain and the burden of financial distress, so they don’t lose the house, the car, the business, etc., and so they can eat, take care of debts and other expenses. It helps put their mind at ease, and it surely will help ease your mind as well, knowing that your legacy is protected. The new type of life insurance also comes with living benefits, so even if you were to live too long (say what!?), get sick or injured, the benefits still pay out while you are ALIVE! Let’s talk and see if there’s a plan that’s right for you and your family.
0 41 hours ago
Leadership Academy! Super proud of these four! Enjoy the week at our home office🙌🏼🎉
Happy Monday everyone. We’re here to help if you need mortgage protection, final expense, retirement planning, permanent life insurance and YES Medicare supplements as well. And right now is open enrollment for Medicare thru Dec 7th. If you need help reviewing other options now is the time. 🕰☎️
At the office. Doing what I do best and that's whatever it takes. #empire
5 1792:07 AM Oct 2, 2018
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14 77210:11 PM Sep 29, 2018
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