TLDR – TDR News – March 18th to 19th
Get a quick update on today’s TDR News! We’ve condensed the most important information about Cannabis, Psychedelics, Crypto and Miners, AI, Small Cap REITS and Large $$ Volume Mega Caps into a brief format, saving you time and keeping you informed as you start your day.
Recap of Monday
The TDR Comprehensive Cannabis Index increased by more than 5% on Monday, while the TDR Retail Cannabis Index rose by nearly 8.5%. All other indexes showed gains except for the TDR Crypto Index, which was down 4% on the day.
What’s Driving the Market Today?
The futures are up and showing a little green, here is what is in focus globally for stocks:
- BOJ ends negative rates, yen at 34-year lows
- AI buzz lifts Alphabet, Nvidia
- Australia holds rates, confident on inflation
- Dollar rises, Fed meeting eyed
- Tesla up 6%, boosts S&P 500
Cannabis Capital Market News:
The High Flyers yesterday were led by CordovaCanna which was up by just over 33%, and the Low Flyers were led by Statehouse, which was down over 17% on the day. Here are the charts of the High and Low Flyers:
Let’s examine the highlights from companies in the TDR Comprehensive Cannabis Index!
- TDR Research releases a ‘Buy’ rating for Tilray Brands (TSX: TLRY, NASDAQ: TLRY) with a detailed analysis on its financial performance and one year target price of $3.28. Yesterday we launched research on Auxly Cannabis and it is available for free for our Newsletter Subscribers.
- LEEF (CSE: LEEF, OTC: LEEEF) launches Well-Kept CBD Infused Honey, integrating bee farming for environmental and wellness innovation.
Cannabis News
- Gov. Hochul orders a review of New York’s cannabis licensing amid slow legal shop openings and rampant illegal stores. Read all about it on the TDR Website!
- The majority of Canadians prefer legal cannabis for its safety and convenience, marking a significant shift in consumer behavior. Read all about it on the TDR Website!
Cannabis Policy Highlights from our Friends at Marijuana Moment:
- Vice President Harris privately declared “we need to legalize marijuana” during a White House meeting on cannabis clemency.
- A Colorado bill aims to require social media platforms to ban users promoting marijuana, psychedelics, and certain hemp products.
- Recent incidents highlight the conflict between federal firearms restrictions and marijuana users, raising constitutional questions and calls for reform.
Psychedelic News:
- Silo Pharma (Nasdaq: SILO) files for a patent on SP-26, a ketamine implant for fibromyalgia and chronic pain management.
- The Maryland Senate approved a bill to form a task force studying the regulatory framework for psilocybin and DMT access.
- Vermont Senate panel revises a psilocybin bill to focus on studying psychedelic-assisted therapy instead of legalization.
Crypto and Crypto Miners:
- Standard Chartered predicts Bitcoin will surge to $150k by the end of 2024, citing spot ETF inflows and the upcoming halving event.
- Binance’s user asset holdings have surpassed $100 billion, bolstered by rising digital asset prices and strong inflows.
- The IMF requires Pakistan to tax crypto profits to secure a $3 billion bailout, amid negotiations involving broader tax measures.
- Marathon (NASDAQ: MARA) boosts its Bitcoin mining operations with a renewable energy-focused, strategic acquisition in Texas. Read all about it on the TDR Website!
AI:
- Goldman Sachs‘ Chief Economist Jan Hatzius believes AI could benefit the US economy despite job destruction concerns.
- Elon Musk’s xAI has open-sourced its Grok large language model, allowing free access and modification under Apache 2.0 license.
Big $ Volume Big Caps Highlights:
- Nvidia (Nasdaq: NVDA) introduces Blackwell, a faster AI processor with 208 billion transistors, set to power major data centers.
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