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Libertex Launched Contract Trading in Bitcoin and Litecoin

Discussion in 'Bitcoin News and Press Releases' started by Libertex, Jul 13, 2017.

  1. Libertex

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    Shares of cannabis producers rise after falling after Cronos reporting.

    Shares of Canadian cannabis manufacturing companies on Friday mostly rose as part of the correction to a rather serious fall, which followed the publication of the quarterly report of the Cronos Group (CRON). The company's financial results for the reporting financial quarter were significantly worse than market expectations. So, in particular, the company unexpectedly reported a loss of $8.8 million, after which major analysts worsened their recommendations on these securities to “sell” from “hold”.

    At the same time, after having somewhat digested this information, this segment of the market again shot upward as part of the correction. An additional reason for optimism was the Ernst & Young forecast that by 2025, every fifth Canadian adult will be using marijuana, spending an average of 1.7 thousand dollars a year for this purpose.

    In turn, the company Tilray Inc. (TLRY) promised to strengthen its team by attracting experienced financial experts to prepare sound financial statements and strengthen internal financial control.
    According to financial scouts, in the coming days, shares of Canadian cannabis producers will continue their upward trend. For example, Cronos shares could rise to $19, Tilray - up to $66.5, Canopy Growth (CGC) - up to $43-43.5, Aurora Cannabis (ACB) - up to $9, Aphria (APHA) - up to $9,5 dollars.
     
  2. Libertex

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    Shares of cannabis producers may rise on a possible ETF launch.
    Shares of Canadian cannabis growers on Wednesday were mostly slightly lower in price, with the exception of Canopy Growth (CGC), which added about 1.6%.
    At the same time, the sector’s stocks were able to grow a little on the positive news that a large investment fund from Toronto Evolve Funds Group, whose assets amount to more than $300 million, is going to launch an ETF for cannabis producers' shares.
    However, the good news for Aurora Cannabis (ACB) could be the message that the company has started selling hemp oil to Germany and
    plans to become one of the largest suppliers of raw materials outside North America.

    Despite the fact that while shares of cannabis producers are mostly ignoring all this positive news, in the short term they still have good chances for growth.
    For example, Canopy Growth stocks could climb to $44-44.5, Aurora Cannabis - up to $9.5, Aphria (APHA) - up to $10-10.5, Cronos (CRON) - up to $19, and Tilray shares (TLRY) - up to $64-64.5.
     
  3. Libertex

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    Shares of cannabis growers moved to consolidation

    Shares of Canadian cannabis producers on Friday do not show a single dynamic against the backdrop of hopes for a possible easing of legislation in the United States. At the same time, it can be noted that the market took some breathing space after substantial growth in the first quarter, investors are waiting for any significant corporate news events, in this case there could be a chance to see a new rally in the market.

    A document proposed by a number of US senators that proposes making some legislative exceptions for banks working with the cannabis industry provided welcome news for the market. The Association of American Bankers has already supported this project.

    Additional support for Aurora Cannabis (ACB) securities came after the announcement that it hired investment banker Carey Squires to work on the company's global development. In addition, in Germany, Aurora Cannabis won 5 lots at auction for the production of medical cannabis. The same lot was won by the company's competitor - Aphria Inc. (APHA). Now companies can grow 200 kilograms of cannabis in these areas per year.

    However, the unfavourable news for Canopy Growth (CGC) is the poor quarterly reporting by Constellation Brands, which previously invested $4 billion in Canopy,
    According to forecast financial scouts, some consolidation will continue in this market segment in the near future. Aurora Cannabis shares could rise in price to 9.5 dollars, Tilray (TLRY) - up to 61.5 dollars, Aphria - up to 10.5 dollars. Paper Canopy Growth at the same time could be reduced in price to $43, and Cronos (CRON) - up to $18.
     
  4. Libertex

    Libertex ECZ Member

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    Libertex Launched Lyft Trading

    Igor Galkin, Head of Global Business Development and Sales at Libertex Group, said, “Lyft held an IPO at the end of March, 2019. Its shares are one of the most interesting instruments of this season. We’re glad to offer our clients CFD for Lyft shares and open new trading opportunities for them.”

    CFD on Lyft have a huge potential for effective trading because of two key reasons: first, they allow traders to diversify their trading strategies, and second, after the IPO they are quite volatile. Long-term investors can also find Lyft to be of interest, seeing as there is a good potential for share price growth.

    Lyft shares will be available on the Libertex trading terminal starting April, 2019.

    About Libertex:

    Libertex is an international brand with a twenty year history in financial markets and online commerce. Libertex provides investors with access to trading stocks, currencies, indices, commodities, gold, oil, gas and many other financial instruments. The Libertex team has more than 2,200,000 customers in Latin America, Europe and Asia owing to its first-class service. Libertex has more than 150 commercial instruments. In 2016, Libertex was recognized by Forex EXPO Awards as the best trading platform; and Global Banking and Finance Review named it the best trading application in the EAEU. In 2017-2018 Libertex was announced as Best trading application and Best cryptocurrency broker by Forex Awards.
     
  5. Libertex

    Libertex ECZ Member

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    Shares of cannabis producing companies continue to soar on the back of Canopy Growth deal with American company.
    Since Friday, shares of some of the largest Canadian cannabis producers are rising in price due to Canopy Growth (CGC) announcing an agreement on merging with American Acreage Holdings.
    Canopy Growth received the right to purchase all shares of the American company for $ 3.4 billion as soon as selling and producing cannabis will be legalized in the US. The Canadian company has already made an advance of $ 300 million. As a result of this transaction, Canopy Growth will be able to begin full-scale operations in the American market at the nearest time.
    Currently, the global market of legal production and sales of cannabis is estimated at $ 7.7 billion per year. As financial predicted by experts, by 2021 the market will grow up to $ 21 billion - an increase of 60% is expected. Thus, the company's access to new markets is a very good factor for its stock quotes’ growth.
    It can be expected that in the near future, shares of the largest cannabis producers in Canada will show positive trends, playing back to the positive news about the Canopy Growth deal with the US company. Shares of Aphria (APHA) can rise in price up to 8-8.5 dollars, Aurora Cannabis (ACB) - up to 9.5 dollars, Cronos Group (СRON) - up to 16-16,5 dollars, Tilray Inc. (TLRY) - up to 49-49,5 dollars, and the Canopy Growth (CGC) itself - up to 45-45,5 dollars.
     
  6. Libertex

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    European investors concerned by global economic development prospects

    Investors in Europe continue to scrutinise the financial statements of major US corporations amid growing concerns regarding the global economy’s future development prospects following weak economic data coming out of both Europe and Asia.
    With trade talks with China looking set to resume over the week ahead, many investors are worried about the Asian giant’s long-term economic policy. As it looks to stimulate economic growth, fears of excess cash in the economy leading to a financial bubble will most likely see the People's Bank of China resist the urge to make further cuts to its reserve requirement ratio this year.
    In other news, Britain’s departure from the European Union remains a hot topic for investors on the Old Continent as the latest Brexit plan negotiations end in deadlock. Elsewhere, European investors continue to monitor world oil price movements after the US announced its decision to scrap all exemptions from sanctions on importers of Iranian oil. However, financial scouts report that the commodity's price is being held in check by recent information claiming that the US has increased its oil reserves.
     
  7. Libertex

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    Cannabis stocks down on corporate news



    According to Libertex's sources, shares in major Canadian cannabis producers are in decline after Valens GroWorks posted zero earnings for last quarter. Over the previous reporting period, the company in fact recorded losses of $6.4 million, which is almost double the figure reported a year ago. However, this situation was somewhat eased by reports that the company had signed a multi-year extraction services agreement with Hexo that would see the latter supply Valens GroWorks with an annual minimum of 30 tonnes of cannabis.

    There was more positive news for the market, too, as an Alabama Senate committee approved a bill to permit patients over the age of 19 to purchase medical cannabis freely.

    Financial scouts predict that cannabis stocks will likely continue on their current downtrend over the short term as they look to bounce back from Valens GroWorks's recent poor results. They forecast share price drops for all the major producers, with Canopy Growth (CGC) set to fall to $47.5-48 and Aurora Cannabis (ACB) to $8-9. Meanwhile, they see shares in Tilray (TLRY) down below $51, with Cronos (CRON) and Aphria (APHA) expected to slide to below $16 and $7 respectively.
     
  8. Libertex

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    Pinterest: the perfect picture for Libertex traders


    Following the recent incorporation of Lyft to its platform, Libertex continues to expand the list of assets for its clients. Today, the Libertex trading platform announces the launch of CFDs (contracts for difference) for Pinterest (PINS), valued at $10 bn after the IPO that took place this April 17th, 2019.
    The IPO price, initially set at a range of $15 to $17, quickly moved on to $19, proving the interest of investors since the very first hours, and it’s easy to understand why just having a look at some key facts about the company founded in 2010 by Ben Silbermann, a former Google employee, and Evan Sharp, ex designer at Facebook:
    • 250 million users every month, of which 83% are women who make 80% of total volume of purchases.
    • In the US, the site is used for purchasing goods more often than any other social media.
    • It is a perspective platform both for advertising and retail business with its own solutions for e-commerce.
    At present, the rate of increase in Pinterest revenues amounts to 60% and given the growth forecast for digital ad market, Pinterest may become a very alluring candidate for investments.
    Sign up for free and be the first to buy Pinterest shares
    About Libertex:
    Libertex is an international brand with a twenty year history in financial markets and online commerce. Libertex provides investors with access to trading stocks, currencies, indices, commodities, gold, oil, gas and many other financial instruments. The Libertex team has more than 2,200,000 customers in Latin America, Europe and Asia owing to its first-class service. Libertex has more than 150 commercial instruments. In 2016, Libertex was recognized by Forex EXPO Awards as the best trading platform; and Global Banking and Finance Review named it the best trading application in the EAEU. In 2017-2018 Libertex was announced as Best trading application and Best cryptocurrency broker by Forex Awards.
     
  9. Libertex

    Libertex ECZ Member

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    Canadian cannabis stocks continue to grow on Tilray's financials
    The majority of Canada's biggest cannabis producers experienced strong price growth this Wednesday after Tilray (TLRY) reported better than expected Q1 sales growth. According to its quarterly report, the company's sales totaled CAD 23 million, which constitutes a rise of 195% compared with a year ago.
    In addition to the above, Tilray also announced that it plans to start purchasing cannabis from third-party producers but is yet to find a supplier capable of satisfying its quality requirements.
    The market was unshaken even by Aurora Cannabis's (ACB) quarterly report, which revealed worse than expected Q1 sales. As the company itself noted, its net sales for that period totaled CAD 65.1 million, which represents a 20% increase on the previous quarter. Nevertheless, investors had expected that figure to be more in the region of CAD $68.7 million. Meanwhile, the company reported a net loss of CAD $160.2 million, which represents and improvement on last quarter.

    Our financial scouts predict that Tilray's most recent quarterly report will give Canadian cannabis stocks the boost they need to continue their current growth. With this mind, they are forecasting share price increases for all the major producers, with Aurora Cannabis, Tilray and Canopy Growth (CGC) set to rise to $8.5-9, $49.5 and $46 respectively. Meanwhile, they see Aphria (APHA) and Cronos (CRON) up to $7.5 and "$15.5 respectively.
     
  10. Libertex

    Libertex ECZ Member

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    European markets weigh up May’s resignation.
    European investors are still assessing the medium-to-short term implications of British PM Theresa May’s announcement that she will be stepping down come 7 June. The current favourite in the race for Number 10 is former Foreign Minister Boris Johnson. Market insiders believe that May’s resignation could help speed up the process of the government securing cross-party support for any final EU withdrawal plan. This comes at a time when the risk of a “no deal” Brexit is looming increasingly large with each day that passes. Elsewhere, European investors are also concerned that May's departure will make it difficult for the Bank of England to maintain its high base rate policy, thus increasing the likelihood of a reduction. Another key area of interest is the still-unresolved US-China trade conflict, which has only been intensifying of late. Despite US President Donald Trump's statement that the US's allegations of irregularities against Chinese company Huawei can be resolved by way of a trade deal, investors are still worried that the parties will be unable to reach any kind of agreement. The next meeting between the two countries' respective heads of state is set to take place as part of the G20 meeting in Japan next month. In regional corporate news, we have received reports that a Renault and Fiat Chrysler merger could be on the cards. In fact, the two companies are allegedly discussing the terms of the potential fifty-fifty merger as we speak.
     
  11. Libertex

    Libertex ECZ Member

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    European markets under negative pressure from all sides

    The European stock markets are under intense pressure from a whole raft of negative factors, both internal and external. For instance, the prospects of a resolution to the US-China trade conflict remain hazy at best, which is negatively impacting the entire world economy. This comes after China made a statement that it would be prepared to limit rare earth metal exports to the US in response to US restrictions on Chinese exports. Another worry weighing on Europe's indices is Italy's budget. Investors fear that the European Commission might fine Italy 3.5 billion euros in light of its national debt situation. The EU has announced that it strongly recommends Italy reassess its budget stance, claiming that the country's decision to increase its deficit has only harmed the Mediterranean nation's economy, which now has the slowest growth rate in the region. And who could forget Brexit? Britain's departure from the EU still remains one of the biggest challenges facing the European markets. The issue has seen a political dogfight emerge in the UK in which the Brexit Party — which wants Brexit at any cost — seems to have come out on top. This comes as a number of political powers are predicting that a no deal Brexit would have serious negative consequences for both the British and EU economies.
     
  12. Libertex

    Libertex ECZ Member

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    European markets on track to continue growth pending anticipated rate cuts

    Europe’s biggest markets are on course to continue their recent growth as central banks worldwide prepare to reduce interest rates. This comes after Germany adjusted its 2019 and 2020 economic growth forecasts downwards. Investors are now anticipating a 10 basis point rate cut from the ECB before the end of this year, with the US Federal Reserve expected to follow suite following a sharp slowdown in job growth during May. Factors likely to hold back European markets include investor cautiousness over the uncertainty surrounding the identity of the next British Prime Minister and the increasing probability of a “no deal” Brexit. Turning our focus to individual markets in the region, the situation on the French stock market will to a large extent be determined by corporate news. In recent weeks, investors’ attention has been firmly fixed on Renault as they await any new developments from the automaker. French Minister of Economy and Finance Bruno Le Maire has announced that the country is prepared to reduce its stake in Renault in a bid to shore up its alliance with Japanese car manufacturer Nissan. Renault is already party to an alliance agreement with Japanese firms Nissan and Mitsubishi, but the partnership has been under fire since the arrest last November of alliance chief Carlos Ghosn.

    Andrey Voytkiv, Financial scout at Libertex.
     
  13. Libertex

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    Hexo’s worse-than-expected Q3 report pushes down cannabis stocks

    Canadian cannabis stocks were down significantly on Friday after Hexo announced lower Q3 sales compared to last quarter.
    According to the company’s own data, its gross cannabis sales totaled approximately $12 million, which represents a decline compared with Q2. This news was not well received by investors and it only served to intensify their concerns over the industry’s future prospects.
    In light of this development, many are now doubtful of Hexo’s ability to reach their planned sales growth target of $400 million by 2020. Following its poor quarterly report, Hexo’s share price fell by 8%, driving down shares in other companies in the sector (with an average fall of 4-5%).
    Our financial scouts’ short-term prediction is that the market will continue to reel from Hexo’s weak report, which means a further decline in Canadian cannabis stocks is on the cards.
    With this in mind, they predict that shares in Canopy Growth (CGC) could fall to $41, with Aurora Cannabis (ACB) potentially sliding to $7. Meanwhile, they see Aphria (APHA), Tilray (TLRY) and Cronos (CRON) down to $6, $40 and $16 respectively.
    Mitt Lemaev, financial scout at Libertex.
     
  14. Libertex

    Libertex ECZ Member

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    European investors await Fed rate decision

    The upcoming two-day meeting of the US Federal Reserve is at the forefront of European investors’ minds this week amid strong expectation that the regulator will keep rates at their current level of 2.25-2.5%. Investors are also keen to hear the Fed’s rate forecast, with many predicting a majority of the bank’s board will argue in favour of a July reduction in light of the deteriorating world economy. Elsewhere, European markets are still weighing up the prospects of a no deal Brexit as the UK’s internal political turmoil continues. Former Foreign Minister and bookies’ favourite for PM Boris Johnson has stated that the UK will not pay the country’s 39 billion Brexit bill until the EU agrees to a deal that is acceptable to Britain. This comes after current PM Theresa May officially stepped down as leader of the Conservative Party. She has pledged to stay on as the country’s Prime Minister until her successor has been chosen. The name of the new head of government is expected to be made public at some point during the second half of July. In regional news, one positive development for European markets was the announcement from international ratings agency Fitch that it has affirmed France's Long-Term Foreign-Currency Issuer Default Rating (IDR) at “AA” with stable outlook. According to the agency, the country’s rating is supported by its big, strong and diversified economy, its robust, effective civil and social institutions, as well as its record of macroeconomic stability.

    Andrey Voytkiv, Financial Scout at Libertex
     
  15. Libertex

    Libertex ECZ Member

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    Where to buy and sell Slack shares? The new instrument is now available in Libertex

    Libertex just expanded its trading portfolio launching CFD (contracts for difference) for shares of Slack Inc. (WORK). This provides Libertex users with new trading opportunities.

    Traders are not only able to use Slack as one of the most popular messengers worldwide, but they trade CFD on its shares too! Slack is an attractive instrument for both short term traders and long-term investors.

    Slack made a direct listing at June 20th. Slack became the third “unicorn” company, after Lyft and Pinterest, that started offering its shares in the past months. All three companies are available at Libertex.

    Trade Slack now with Libertex!

    About Libertex:

    Libertex is an international brand with a twenty year history in the financial markets and online commerce. Libertex provides investors with access to trading stocks, currencies, indices, commodities, gold, oil, gas and many other financial instruments. The Libertex team has more than 2,200,000 customers in Latin America, Europe and Asia owing to its first-class service. Libertex has more than 200 commercial instruments. In 2016, Libertex was recognized by the Forex EXPO Awards as the best trading platform; and the Global Banking and Finance Review named it the best trading application in the EAEU. In 2017-2018, Libertex was announced as Best trading application and Best cryptocurrency broker by Forex Awards...
     
  16. Libertex

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    Canadian cannabis stocks are set to rise
    Canadian cannabis stocks are set to rise on positive news from Aleafia Health Inc. that it is about to finish paying off convertible bonds in the amount of $25 million.
    This comes after shares in Canopy Growth (CGC) saw significant growth following reports that the company had come to an agreement to acquire Acreage Holdings Inc. Under the terms of the deal, Canopy will be able to take control of the company as soon as US federal laws on cannabis are relaxed. Acreage will continue to operate independently but will have access to Canopy's intellectual property, branding, product recipes and patents.
    Nevertheless, there were also some negative developments for the market, with Governor of New Hampshire Chris Sununu vetoing a bill that would open up governmental medical cannabis to commercial enterprises. This bit of news came as a serious setback to entrepreneurs who were hoping to set up businesses were the bill to have been passed.
    Our financial scouts believe that the Canadian cannabis market is likely to rebound from this recent positive corporate news wave. With this in mind, they see share price rises for all of the major producers in this sector, with Canopy Growth, Aurora Cannabis (ACB) and Tilray (TLRY) tipped to rise to $42-43, $8-8.5 and $47 respectively. Elsewhere, they predict Aphria (APHA) will rise to
     
  17. Libertex

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    Cannabis stocks up as Aurora Cannabis receives new licenses
    Shares in major cannabis producers are largely up this Wednesday on news that market leader Aurora Cannabis (ACB) has been granted licenses for two new outdoor cultivation sites.
    This comes after a period of decline for the sector following a disappointing quarterly report from Organigram. At a time when all the experts were predicting a 3 cent per share rise, the company posted a 7 cent per share loss and a net pre-tax income increase of 628% to CAD 24.75.
    Nevertheless, Organigram's executive management is convinced that it will be able to improve its financials some time during the latter part of the year. Finally, we end our coverage of Organigram with information that the company is planning to add another 100 employees to its already 700-strong workforce.

    In other news, Aurora Cannabis's share price rose following the announcement that it had been granted licenses by Health Canada for two new open-air cultivation facilities in Quebec and British Columbia. The company has stated that the new sites will be used for cultivation research to develop new technology, genetics and intellectual property for outdoor production. Aurora Cannabis went on to clarify that it deliberately selected open-air sites since this would enable it to research methods of cultivation for different climactic conditions.
    According to our financial scouts, cannabis stocks should continue to rise for as long as this latest wave of positive market sentiment lasts. With this in mind, they see share price increases for all the major producers, with Canopy Growth (CGC) rising to $36.00 and Aurora Cannabis up to $8.00. Meanwhile, they predict that shares in Tilray (TLRY), Aphria (APHA) and Cronos (CRON) could jump to $45.00, $6.50 and $15.00 respectively.
     
  18. Libertex

    Libertex ECZ Member

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    Libertex, new Premium Plus Partner of Valencia CF

    The trading sector multinational becomes the club's new sponsor until 2021


    Valencia CF has reached an agreement with Libertex, a multinational financial scout in the trading sector and considered as the Best Trading Application of 2018, by which the financial company becomes the new Premium Plus Partner of Valencia CF until June 30, 2021.

    The Libertex logo will now be visible on the back of both the game and training kits, as well as be present on advertising in the Mestalla stadium, the training grounds of Paterna, institutional events and in the digital media of the club: official app, www.valenciacf.com and social networks.

    This way, Valencia CF becomes the best ally for Libertex in its objective of increasing its notoriety, both in Spain and internationally, with a special emphasis on the Latin American and Southeast Asian markets, in order to achieve an impact that reaches hundreds of millions of people when competing in the most prestigious competitions.

    With this agreement, Libertex customers and Valencia CF fans will be able to benefit from promotions, exclusive offers, participate in meetings with players and many more opportunities to have a unique experience, both in their activity with Libertex and with Valencia CF.

    President Anil Murthy is “very satisfied with the agreement reached with Libertex, another multinational company that joins Valencia CF to continue growing both locally and globally. Libertex is an example of a serious and solvent company in a very competitive market that wants to increase their position as a reference in its sector, the same way as Valencia CF has also looked for it throughout its history.”

    Michael Geiger, CEO of Libertex, acknowledges that “Valencia CF is a top-level club internationally, with a long and successful history, with whom we share a common feeling in terms of emotions, passion and success stories. Valencia CF is the perfect partner to deliver our brand, our message and our services to potential customers to continue growing in the market. We believe it will be a great and ambitious season for both of us and we will support each other. ”

    For his part, the General Manager of Libertex, Andrey Nikolaev, recognizes that “this partnership will allow us to offer benefits to our customers. Just by being a client, you will have the opportunity to live first-hand experiences with a historical club of LaLiga, the best league in the world.”

    With more than 30 international awards, the most recent ones being the Best Cryptocurrency Broker and Best Trading Application of 2018 at the prestigious Forex Awards, the company created in 1997 has a portfolio of 2.2 million customers distributed in 110 countries, offering its users more than 240 trading assets with which to operate.

    Libertex is considered one of the best web and mobile platforms to make secure purchases of various financial assets (stocks, currencies, indices and commodities). It offers its users an intuitive, simple and clear platform for both experts and beginners in the trading sector, providing training and creating didactic actions aimed at fans.
     
  19. Libertex

    Libertex ECZ Member

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    Libertex: outstanding new partner for Getafe CF

    Libertex, the best trading application of 2018, is Getafe Club de Fútbol’s latest great signing. The online broker and the Madrid team have signed a sponsorship agreement that will show the Libertex brand on the blue team’s uniform, both in domestic competitions - LaLiga and Copa del Rey - and in the UEFA Europa League, a tournament that Getafe CF will be entering after achieving an admirable fifth place last season.

    As an exclusive partner, the agreement will also include branding on the static and dynamic advertisements of the Coliseum Alfonso Pérez Stadium and the training grounds, along with presence in social networks, on the club’s website and during special events.

    The alliance will also mean the expansion of the Libertex brand in Spanish and European markets, but also in Latin America and Southeast Asia, as it comes from one of the fittest squads in the best league in the world, who have a significant global impact.

    Libertex customers and Getafe CF members can benefit from numerous promotions such as regular and VIP tickets, special promotions, meet and greet with players, exclusive offers and other opportunities to enjoy a unique experience.

    Michael Geiger, CEO of Libertex, stated: “Getafe completed an outstanding season, proving they can reach ambitious goals. They’re a young yet aggressive club with purpose, always oriented towards growth, and those are values that Libertex also share. We strongly believe that our new partnership will allow us to connect in a more intense and effective way with a larger community of online traders all over the world. We all hope for a great season and are confident that Getafe will be a perfect partner.”

    The General Manager of Libertex, Andrey Nikolaev, said: “Thanks to this deal, our clients will experience the emotion of LaLiga and UEFA Europa League in person. We are sure that a number of offers that we’ll present throughout the whole season will meet all of their expectations, we invite everyone to join us in this unique adventure.”

    Ángel Torres, president of Getafe CF, had this to say: “We are very glad to welcome a brand like Libertex to the azulona family; from this moment, they are part of the family and we hope that this path that we begin will be most satisfactory for both entities.”
     
  20. Libertex

    Libertex ECZ Member

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    Cannabis stocks up on positive reporting

    Shares in Canada's biggest cannabis producers are for the most part rising strongly following the publication of a sizable batch of quarterly reports by some of the sector's biggest names.
    Last week, for instance, Innovative Industrial Properties posted positive Q2 results showing profit up 76.4% to $0.30 per share.
    Cronos Group (CRON) is another company that has already released its quarterly results, exceeding analysts' predictions with sales revenue of CAD 10.2 million. This impressive sales growth has helped to increase investor confidence in Cronos which, in turn, has generated a share price increase for the company.
    On 1 August we saw Aphria (APHA) announce spectacular Q4 results on 1 August. Meanwhile, another key player in the market, Canopy Growth (CGC), is planning to publish its Q1 2020 financial results at close of trade on 14 August.
    However, this wave of positive news was somewhat dampened by news that KPMG was withdrawing its audit report of the company's 2018 results.
    Nevertheless, our financial scouts believe that if the sector's biggest names can sustain this trend of positive reporting, cannabis stocks should continue their current growth over the short to medium term. With this in mind, they see Canopy Growth's share price up to $35.00, with Tilray rising to $47.00. Meanwhile, they predict Cronos, Aphria and Aurora Cannabis (ACB) will increase to reach $14-14.50, $7.50 and $7.50-8.00 respectively.