Stock markets posed a recovery in July, however that was short lived. The speculative end was hardest hit, Cannabis or Marijuana stocks were especially hit hard. This isa pattern with short covering and FOMO buying when a hint of legalization sweeps the US. The result is heavy overhead supply and more secondary issuance for loss making names. ‘Pot stocks’ broke a long losing streak in July of 17 straight months down with a rally of 4.3%, that was merely a … Continue reading “Marijuana Stocks Up in Smoke, Global Cannabis Index Continues Collapse in September”
US Weekly IPO and SPAC Monitor : Buffett-backed Brazil’s Nubank Lead
Following the Thanksgiving lull the IPO market is expected to pick up with four IPOs scheduled to raise $3.7 billion for the week. Chicago Atlantic Real Estate Finance (REFI) Cloud infrastructure platform HashiCorp (HCP) Austin Gold (AUST) and Buffett-backed Nu Holdings (NU) debut. Cloud infrastructure platform HashiCorp (HCP) Plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and … Continue reading “US Weekly IPO and SPAC Monitor : Buffett-backed Brazil’s Nubank Lead”