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Canopy Growth excites the cannabis sector despite heavy losses

cannabis sector

Big companies like Canopy Growth are still gaining ground despite losses while small American players like West Coast Ventures Corp. (OTC: WCVC) are building up a presence in the cannabis market. Canadian cannabis giant Canopy Growth produced 40 tonnes of grass in the first quarter, four times more than a year earlier, but this resulted in a loss of $1.2 billion, according to its results released last week. Small companies like West Coast Ventures Corp. (OTC: WCVC)are taking advantage of the positive market momentum.

cannabis sector

WCVC represents America’s first CBD restaurant stock. Two of the company’s Illegal Burger locations are set to do $750,000 and $1 million in revenue this year alone and their newly opened Illegal Pizza location in Florida is predicted to make $750,000 in revenue in its first year. The company sells CBD sachets that allows diners to choose how much CBD they want to add to their food, as well as Illegal Brands CBD water with lab results available on their website.

For the first quarter of its delayed 2020 fiscal year, between April and June, Canopy Growth incurred a loss of $1.281 billion, compared to a loss of $91 million a year ago, the group said in a release.

This heavyweight in the emerging marijuana industry generated quarterly sales of $103.4 million, an increase of 299% over a year largely due to the legalization of recreational cannabis in Canada last October.

Canopy also reported that in the past three months, its sales of therapeutic cannabis outside Canada have increased by 209% compared to the first quarter of 2019. In particular, it now produces marijuana in Europe: in Germany and Denmark.

And in the United States, where several states have fully legalized herb consumption, the Canadian group has “ardently developed” a diverse range of products based on cannabidiol (CBD), a non-psychoactive cannabis molecule, which it plans to launch by the end of its 2020 fiscal year. These include “skin products, cosmetics, anaesthetic creams, spray products, beverages, edible products and oils”.

Canopy attributes a significant portion of its quarterly loss to “significant investments” in the United States to open offices and build teams in California, Colorado, Illinois and New York, although it currently generates very little revenue in that country, the company explained.

Listed on Wall Street and the Toronto Stock Exchange, and with a market capitalization of 14.7 billion Canopy Growth is the world’s largest player in the cannabis industry.

But since legalization in Canada, their title has declined steadily. Last week, their shares fell by 6.64% on the New York Stock Exchange. The fall even worsened after the publication of these results: the stock lost 11% in electronic trading after the markets closed.

Online journalism and the expanse of the digital platform are what encouraged Emily to take a plunge into online journalism. She is quite new to online print media but she is a very good learner. She has great command over the English language which gives an edge to write compelling news articles.

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Business

What is the Difference Between Sanitizer and Disinfectant?

Hand Sanitizer

When it comes to the services cleaning companies have to offer, the terms sanitizer and disinfectant are usually mentioned and interchanged especially for companies who offer commercial cleaning. However, there are various differences between these two and it’s safe to say that this time is as good as any to understand what these are.

To start, sanitizers lessen bacteria on a surface by at least 99.9%. Disinfectants, on the other hand, do a whole lot more as these eradicate a wider range of microorganisms.

There is no better source for advice on this topic than from a company who are specialists in commercial cleaning, Cambridge based Complete Cleaning is one such source.

Germ Specificity

Both sanitizers and disinfectants must be tried against particular germs. And then, the chemical labels must also cite every single one of these germs. One disinfectant could prove successful in eliminating germs A and B while another disinfectant might be more suited to killing germs Y and Z. It’s important to recognise that one single sanitizer or disinfectant will not eliminate all microorganisms and to have a good grasp of which germs the product you have will work against. Sanitizers are great to use for bacteria only, while disinfectants can also be certified to destroy viruses, mould, mildew, and fungi.

The Time It Takes to Kill

Another factor that differentiates a sanitizer from a disinfectant is the time that it takes to kill germs. And just like the entry above, this too must also be specified and be mentioned on the product’s label. There are some chemical formulas that manage to eradicate particular germs in as little as five minutes while others can do the same to others in a minute or even less. This is what is often referred to as “dwell time” and should be seriously considered when looking for and choosing sanitizers and disinfectants for various uses.

Sanitizers are Often Used in the Food Service Industry

Sanitizers are more likely to be used in foodservice settings although not always. If a particular product is labelled as a “food contact” sanitizer, then it can be utilized safely to clean surfaces that will cater to food. Instructions involving food contact sanitizers must be followed properly. This includes letting the sanitizer dry completely before letting food come into contact with them.

To summarise, the main difference between sanitizers and disinfectants is this: While sanitizing lessens the number of bacteria, viruses, and other microbes on a surface, disinfectants kill almost all of them. This is because disinfectants have chemicals such as hydrogen peroxide that decontaminate a surface or object by generating destructive free radicals that assault cell components.

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Are You in Need of The Help Immigration Lawyers Sydney Has to Offer?

Hundreds of temporary visa holders in India may have to wait a little while longer before they can return to Australia as the South Asian country continues to climb up the chart of countries that have been hit hard by the coronavirus (COVID-19) pandemic.

On Monday, June 8, India tallied over 9,000 new COVID-19 cases for the fifth straight day while the western state of Maharashtra alone exceeded the coronavirus tally of China that stood at 83,036.

According to Australia’s Minister for Population, Cities and Urban Infrastructure, Alan Tudge, the closure of their international borders is part of the country’s response to the pandemic and it could linger long after other restrictions are lifted.

Tudge added that a lot of Australia’s source countries when it comes to Migrants — such as India — are still in the thick of the battle against the lethal virus so it might be some time before a ruling could be made to lift restrictions involving travel.

“At the moment, we know that many of our source countries still have great difficulties in terms of the virus going through their countries, you know, think about India, for example, and so it will be still some time to come before we have open and free borders. In fact, it may be that we need to have a global vaccine before we have open, free borders,” Tudge was quoted as saying in a talk with Melbourne-based radio station, 3AW.

Australia’s borders have been closed off to foreign travellers since March. However, citizens, permanent residents and people that held “exempt” status in special circumstances were allowed to re-enter the country.

One woman affected by Australia’s travel order is India-native and visa holder, Payal Bhatia. She related that she was set to return to Australia on March 20 but her flight did not get off the runway from New Delhi as its scheduled time of arrival was 20 minutes past the border closure deadline set by the government.

As a result, Bhatia is already on the verge of losing her high paying job and her husband, who she hasn’t seen in months, is already battling depression from being by himself all this time. The IT consultant says she is desperate for professional help. Our research concluded that some immigration lawyers Sydney could help.

“I haven’t seen my husband in months who is alone and anxious in Sydney. So much so, that he is now taking antidepressant medicines. I have applied for travel exemption on compassionate grounds four times, out of which I have already been rejected thrice,” Bhatia said.

Bhatia, who is being employed by a multinational corporation, also shared that she has already been notified that she will be terminated from her job if she doesn’t get back to Australia soon.

“Last week I received a mail from my employer hinting that they are planning to cancel the deputation for all employees who are stuck in India due to the pandemic,” said Bhatia.

While Australia’s government has said that it is open to lifting the ban for international students starting next month, they are apprehensive of doing the same for skilled migrants.

“You look at some of the skilled migration, now that will inevitably be down in any case because most of that is sponsored skilled migration, you can only sponsor if you can’t find an Aussie. Now there will be a lot more Aussies available over the next year or two, so I imagine that will be down as well,” Minister Tudge said.

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Business

The Top 5 Reasons Why Your Website Is Not Getting Traffic

No Traffic To Website

No Traffic To WebsiteAre you not gaining enough organic traffic to your website?  There are multiple reasons why a blog or website failed to attract users.  Things like the reputation of the author, age of the domain, strength, or type of references (incoming links), content freshness, and social media strategy play their crucial role. Five areas are mostly neglected by the owner of the website either because they don’t consider their value or maybe they are not sure how to handle them.

Here are the top five reasons why your website fails to maximize its user strength;

  1. Poor Search Engine Optimization

SEO, the lifeblood of any business on or offline.

When the vast majority of the population needs a product or service they head online to Google.

Great SEO will allow your business to be found and for your business to enjoy a continuous flow of new inquiries.

There are many aspects to a successful SEO campaign, you may wish to learn SEO yourself or hire a professional.

Web Design & SEO Strategies in Phoenix will help you with ranking the website & maximizing organic traffic to the homepage. Therefore you can gain new customers. Their Web Design & Content Marketing Services will attract your audience by creating incredible and striking websites.

  1. Not Listing Your Business In Online Directories

Online business directories are here to last and every business must know where they need to be listed. You probably have know about the significance of managing your business online activeness or presence (and so, listings). Still, there are plenty of directories or websites to select from the list on.

It’s good to list a business on online directories asides from the Facebook, Google, and Bing, but which one develops a sense to invest time and effort. To get more traffic, you have to know which local directories give the most value.

  1. Not Advertising Your Business on Social Media

Social media advertisements are advertisements given to users on social media platforms. Social media has now become a significant part of traffic generation. It’s not all about search engines & Google anymore.

Therefore having some activity within your social communities can be very beneficial to your traffic. If you can develop a perfect following on networks like LinkedIn & Twitter, a single share or even a post can result in hundreds of website visitors.

And it is not like that the major networks that only matters. There are a lot of online communities out there that are not sites like Facebook. For example, take Reddit; there are thousands of subreddits that gain thousands of followers.

  1. Not Running Any Google Adwords

Most advertisers experience the typical scenario of initiating a new campaign and not converting ad spends into sales.

The issue here normally lies in keyword research or landing page conversion optimization – both are vital to the success of any Google Adwords campaign.

  1. They are not Running Facebook Ads.

Facebook advertising is one of the perfect tools available for audience research and promoting your daily news articles. If your Facebook ads are approved, then it might be it does not meet the standards.

There are common reasons why your ads might not be running like your bid is too; your image violates the Facebook rule, low-quality ads, stuck in review, optimization goals are hard to reach, and many more. All these factors trouble the running of Facebook ads and also minimize your targeted traffic.

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