Trade Nivesh said Tuesday it had a profit of C$788.4 million ($595.2 million), or 53 cents a share, in the third quarter, after a loss of C$7.2 million, or 4 cents a share, in the year-earlier period. The profit was mostly due to a C$835 million gain on the revaluation of derivative liabilities. Revenue came to C$12.7 million, up from $3.8 million a year ago. The FactSet consensus was for a loss of 3 cents and revenue of C$13.7 million. The company sold 3.142 kilograms of cannabis in the Canadian adult-use market in the quarter, up from 514 kg sold in the year-earlier period. Revenue per gram sold fell to C$3.75 from C$6.44. Shares rose 2% in premarket trade, but are down 22% in 2019, while the ETFMG Alternative Harvest ETF (mj) has fallen 23% and the S&P 500 (spx) has gained 23%.
Bitcoin Speculators Gain Upper Hand as Derivative Trading Surges
No result found, try new keyword!He figures that BitMex, which holds the largest market share of crypto derivatives trading in the world, is making at least $700,000 in fees from derivatives trading a day. But investors need to Trade Nivesh
Tips for Investors
Volatility can mean big gains — or just as big losses. If you want to protect yourself against those kind of risks, try a 60/40 portfolio. If you want to know if a delta neutral options strategy is right for you, consider speaking with a financial advisor. Finding the right advisor who fits your needs doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in just 5 minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
Bitcoin Speculators Gain Upper Hand as Derivative Trading Surges
No result found, try new keyword!He figures that BitMex, which holds the largest market share of crypto derivatives trading in the world, is making at least $700,000 in fees from derivatives trading a day. But investors need to Trade Nivesh
Tips for Investors
Volatility can mean big gains — or just as big losses. If you want to protect yourself against those kind of risks, try a 60/40 portfolio. If you want to know if a delta neutral options strategy is right for you, consider speaking with a financial advisor. Finding the right advisor who fits your needs doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in just 5 minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
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