'There's just no money coming in': Cannabis sector bracing for wave of insolvencies in 2020

Certainly, the excess supply, the price decline and the slow deployment of stores in Ontario have led to consecutive quarters of weak income for many licensed producers.

For their part, cannabis industry experts are preparing for a series of bankruptcies in the next year, as small and medium-sized businesses with low liquidity struggle to raise funds in the oppressed sector.

Ranjeev Dhillon, a partner at McCarthy Tetrault LLP and the firm’s cannabis group lead, express “We have had a busy few years, but next year we’re going to be busy for a different reason — we expect a few million dollars in legal fees from insolvencies and consolidation ”.

It should be noted that there are currently more than 200 cannabis companies in the cultivation, processing or extraction businesses, which mainly supply an internal market that has not yet crossed the $ 1 billion mark in annual sales.

True excess supply

Arthur C. Brooks: Capitalism is the greatest force for human advancement that we have

RBC's headquarters stands on Bay Street in Toronto in a file photo from Aug. 29, 2011. Brent Lewin/Bloomberg

That said, it is necessary to indicate that capitalism is a mode of production derived from the usufruct of private property over capital as a production tool, which is mostly constituted by business relationships linked to investment activities and obtaining benefits, as well as of labor relations, both autonomous and free subordinated employees, for commercial purposes.

In capitalism, individuals, and companies usually represented by them, carry out the production of goods and services privately and interdependently, thus depending on a consumer market to obtain resources. The exchange of these is basically done through free trade and, therefore, the division of labor is carried out in a commercial manner and the economic agents depend on the search for profit.

Do not turn your back on capitalism

The Decade of Debt

Reuters has dubbed the 2010s the “decade of debt.”

The Reuters report focused on the ballooning levels of corporate debt, but consumer and government indebtedness has skyrocketed over the last 10 years as well. This massive debt bubble poses a significant systemic risk to the financial system and the economy. Some in the mainstream are starting to hint at this, but they still don’t seem to recognize the magnitude of the problem.

Corporate debt has surged to record levels over the last 10 years. Bond issuance by US companies topped $1 trillion every year of the decade that began Jan. 1, 2010. SIFMA, the securities industry trade group, called it an “unmatched run.”

Corporate bond debt outstanding grew by more than 50% and will soon top $10 trillion. That compares with $6 trillion in outstanding corporate bond debt at the end of the previous decade.

It’s Not a Matter of If But When the Debt Bubble Pops

If something cannot go on forever, it will stop.

This seems self-evident, but as Jim Rickards noted in a recent article about the ever-growing levels of debt, people tend to ignore this indisputable truth.

Total global debt reached a record of over $250 trillion in the first half of 2019, according to an Institute of International Finance report published in November. Global debt surged by $7.5 trillion through the first half of the year. “With no sign of a slowdown, we expect the global debt load to exceed $255 trillion in 2019, largely driven by the US and China.”

According to SRSrocco, global debt has added $100 trillion in debt since the 2008 financial crisis

Five Reasons to Be Bullish on Gold in 2019

Gold has rallied through the last weeks of 2019 and has pushed back above the $1,500 per ounce mark. The yellow metal is on pace to finish the year up close to 18%. And there is a lot of optimism that gold will continue to shine in 2020.

As we look ahead to the new year, here are five reasons gold may well skyrocket in 2020.

This bullish sentiment for gold comes from an interesting source — CCN.com — a Norwegian news site that focuses primarily on cryptocurrency news.

1. Gold is set to break through key psychological resistance — In fact, it already has. The yellow metal pushed above $1,500 per ounce last week. The $1500-$1550 area is a long-term resistance and the gold price peaked at around $1557 in 2019. A decisive breakout above this level could send the price soaring.

The Shape Of Edtech To Come

The future of edtech includes better grading systems for educational tools, technology that supports deeper learning and ever-more-sophisticated data analysis.

Edtech is well past the orientation period.

Ninety-nine percent of K-12 classrooms in America have reached at least the minimum internet bandwidth target established by the FCC. At the same time, more than three quarters of teachers say students use Google’s G Suite in the classroom. And even though survey data collection is imperfect, estimates have shown that more than half of students have access to a laptop or tablet. As EducationSuperHighway’s most recent State of the States report concluded, “the classroom connectivity gap is now closed.”

To at least some degree, that assessment may be misleadingly optimistic (more on the subject soon). But with the infrastructure bedrock established, generally speaking, we’ve definitively entered the next stage in edtech.

Sherelle Jacobs: The UN’s ‘Woke’ Climate Propaganda Is An Insult To Science

It’s time to call out the most powerful post-truth scam of the 21st century CREDIT: CHRISTOPHER HUNT/GQ MAGAZINE/ PA

The climate change “emergency” is fake news. Many will roll their eyes in exasperation at the conspiratorial bombastry of yet another “denier”. But for years I have been a plastic recycling, polar bear cooing middle-grounder. In fact, Aristotle would probably turn in his grave at the logical fallaciousness of my long-held presumption that the truth must lie somewhere between those two mutually loathing opposites — Scepticism and Armageddon.

But as the doom-mongering acquires the rubber-stamped smell of instutionalised illness, it is impossible to ignore that the “woke” are the new “slept” — too deep in their sugar coma of confected hysteria to realise they are being duped by disinformation.

Before I explain why the climate “emergency” is the most electrifyingly effective propaganda exercise of the 21st century, two clarifications. I have no fight to pick with glaring evidential realities: surface records clearly show the planet is getting warmer. Nor do I have a culture war-bloodied axe to grind with the fundamental chemistry: carbon dioxide indisputably contributes to the greenhouse effect. But I do take issue with how the mainstream debate has become an insult to both the public’s intelligence and basic science.