Indiva Ltd
Change company Symbol lookup
Select an option...
NDVAF Indiva Ltd
VVI Viad Corp
GTY Getty Realty Corp
SWX Southwest Gas Holdings Inc
EFR Eaton Vance Senior Floating-Rate Trust
FSRXW FinServ Acquisition II Equity Warrant Exp 17 Feb 2026 *W EXP 02/17/2026
PTRA Proterra Inc
IH Ihuman Inc
LMT Lockheed Martin Corp
GBRGU Goldenbridge Acquisition Ltd
Go

Health Care : Pharmaceuticals | Small Cap Blend
Based in Canada
Company profile

Indiva Limited (Indiva) is a Canada-based company. The Company is engaged in the business of production and sale of medical and recreational cannabis and cannabis-based products, including premium pre-rolls, flower, capsules, oils, and edible products and provides production and manufacturing services to peer entities. It is a Canadian licensed producer and distributor of cannabis products nationally, including Bhang Chocolate, Wana Sour Gummies, Slow Ride Bakery Cookies, Jewels Chewable Tablets, Ruby Cannabis Sugar, Sapphire Cannabis Salt, as well as capsules, pre-rolls and premium flower under the INDIVA and Artisan Batch brands. In the adult-use market, the Company distributes its products in the provinces of Ontario, Quebec, British Columbia, Alberta, Nova Scotia, New Brunswick, Newfoundland, Manitoba and Saskatchewan, and the Yukon and Northwest Territories.

Price
Delayed
$0.22
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.24
Day's Low
0.22
Volume
(Heavy Day)

Today's volume of 55,910 shares is on pace to be much greater than NDVAF's 10-day average volume of 58,453 shares.

55,910

Here's 'one of the most bullish signals' ever for bitcoin that many investors may have missed

7:25 am ET October 18, 2021 (MarketWatch)
Print

By Barbara Kollmeyer

Critical information for the U.S. trading day

Stocks are looking somewhat tepid to start the week as bond yields and oil prices climb, and China's growth let down. But the real thrills may be in the crypto universe, with expectations for the first bitcoin exchange-traded fund announcement as soon as Monday

The excitement has pushed Bitcoin to within a few percentage points of a record last hit in April at $64,889. Our call of the day, from James Bianco of Bianco Research, flagged what he termed "one of the most bullish things that has ever happened to crypto," on his LinkedIn page on Sunday.

"Nearly 50% of the computing power (called hash rate) of the bitcoin blockchain, pulled the plug, packed up, and relocated to another country in a few months. And no one noticed! It signals an incredibly resilient system. I believe this realization is contributing to BTC above $60k again?" he said.

Bianco was referring to China, as this chart shows:

He credited the China pullout to a "catastrophic mistake," saying that "when cryptos take hold as a legitimate medium of exchange, they will be left behind." China last month declared all crypto-related transactions illegal.

"Combined with China's regulatory crackdown in other industries, and why do we have a hard time believing that China is regressing? It seems to be the most plausible explanation," said the strategist, who noted North America is dominating those hash rates.

"The Chinese handed an incredible opportunity to the U.S. and Canada to now dominate the digital currencies. Let's not blow it," added Bianco.

Speaking of mining, Twitter (TWTR) and Square (SQ) CEO Jack Dorsey tweeted late Friday that his digital payments group is considering "building a bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide."

Last word goes to crypto bull Raoul Pal, the chief executive officer of Global Macro Investor and co-founder of Real Vision financial and Crypto TV, who earlier this year predicted an ETF announcement would pave the road for bitcoin $250,000.

He said while a bitcoin ETF "gives people access to the space that couldn't get access before," investors should consider the middlemen.

"This vehicle means the arbitrages take their slice, the ETF provider takes their slice, the lawyer who set up the fund takes their slice, the administrator, the auditor. I mean everyone is taking a slice of your pie," he said in comments over the weekend.

But as for crypto direction, he thinks "everything is about to start breaking out now and we've seen it before. We know the pattern...this October, November, December, January, February, March is going to be the point where it's almost impossible to lose money by owning anything," he said, pointing to this bitcoin chart:

Pal said bitcoin could hit $250,00 if that same pattern repeats, but he also sees upside into next year as institutions tend to allocate at quarter-end.

"They would have seen the FOMO [fear of missing out] of this quarter and many will be looking for a new opportunity to invest in 2022," he said. So those institutions, hedge funds, etc. could be allocating more money toward crypto in January, said Pal.

That said, some investment advisers are "extremely skeptical" about that first U.S. bitcoin ETF.

The buzz

China growth slowed to 4.9% year-over-year growth in the third quarter, from a previous 7.9%, due to a construction slowdown. In the U.S., industrial production for September and the National Association of Home Builders index for October are both due after the opening bell.

State Street (STT) reports Monday in a week that includes Johnson & Johnson (JNJ) and Netflix (NFLX) on Tuesday, Tesla (TSLA) and Biogen (BIIB) on Wednesday, and a bunch of others.

Speaking of Netflix, the hit South Korean show "Squid Game" is reportedly expected to rake in nearly $900 million for the streaming group.

Zillow (ZG) shares are tumbling, after Bloomberg reported that the real estate platform will pausing purchasing more U.S. homes to work through a property backlog.

Shares of Valneva surged 40% in Paris, after the French biotech said its COVID-19 vaccine candidate outperformed AstraZeneca's(AZN.LN) in a late-stage 3 trial.

Listen to the Best New Ideas in Money podcast.

The markets

Stock futures are under pressure, led by tech as bond yields rise, along with oil prices . Natural-gas prices are tumbling. The dollar is also up. Elsewhere, it was a mostly weaker day in Asia after China growth data, and European equities are stumbling.

The chart

Last week, this column talked about TINA (there is no alternative) as rationale for stock markets to just keep moving higher.

A team of strategists at Goldman Sachs led by David Kostin predicts that a record 52% equity allocation for households, foreign investors, mutual funds and pension funds will keep rising in 2022 given "unattractive alternatives and high cash holdings." Corporations will lead the charge, the bank said in a note.

Random reads

How singer Phil Collins got mixed up in a "Remember the Alamo" battle.

Crime author Carmen Mola, who just won Spain's EUR1 million ($1.2 million) literary prize, is actually three men.

Need to Know starts early and is updated until the opening bell, but sign up here to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern.

Want more for the day ahead? Sign up for The Barron's Daily, a morning briefing for investors, including exclusive commentary from Barron's and MarketWatch writers.

-Barbara Kollmeyer

	

(END) Dow Jones Newswires

October 18, 2021 07:25 ET (11:25 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2021. All rights reserved.