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Why investors shouldn’t give up on the North American cannabis sector

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Trust in big cannabis companies has been shaken after a spate of bad news but upcoming players like GreenStar Biosciences Corp. (CSE: GSTR) prove the sector is still full of potential

After a horror week for CannTrust, investors ask themselves: Can the company, and the sector, survive what is proving to be a miserable year for cannabis companies. CannTrust shares have lost more than 20 percent in value over the past week. Investors seem to be rushing for the door but how bad are things really?

License revoked

For Tilray, things are bad. The Canadian health authority Health Canada was to blame for the crash by withdrawing the license for the production and sale of cannabis products from the Canadian cannabis group. This was the authority’s response to weeks of quarrels over CannTrust, in which the company had to temporarily stop its sale. Specifically, this involved the results of investigations by the authorities according to which the group launched products from unlicensed cultivation on the market.

The licence withdrawal hits the company hard. Not only is the company no longer allowed to produce cannabis, a spokesman for the authorities also declared that all products would be confiscated at the affected sites, so that the sale of stock products would come to a complete standstill.

Previously, investigators had investigated the company’s sites in Pelham and Vaughn. An insider had reported to the authorities that CannTrust was operating unlicensed facilities.

Can CannTrust get back on track?

CannTrust can get its license back if certain conditions are met. A government release stated that Health Canada would reinstate the licenses “if the reasons for the suspension no longer exist or if CannTrust can demonstrate that the licenses were wrongly revoked.”

In concrete terms this means: CannTrust must either remedy or invalidate the deficiencies complained of. However, the company’s behaviour over the past weeks suggests that the measures were taken for good reason and that the whistleblower who informed the authorities apparently actually had insider knowledge – so it is likely to be difficult to completely dispel the allegations. As a result of the events, CannTrust had, among others, dismissed its CEO Peter Aceto. The management is said to have been aware of the machinations and to have exported parts of the illegal cannabis abroad.

The company will therefore probably focus on eliminating the causes – which could prove to be a long road. Only when the authorities are satisfied is there a chance that CannTrust will get its licence back. And only then can we begin to rebuild lost investor confidence. But it may be too late by then because the air is getting thinner and thinner across the industry. Recently, Aurora had disappointed Cannabis with a much higher than expected loss, even Tilray hasn’t been doing well, even though the company promised to be in the black soon in some regions.

The industry as a whole is faring better

Despite the bad news for Tilray the sector as a whole actually has some very positive long term signs. The spate of bad news is likely to come to an end and despite oversupply problems there is likely to be a period of levelling out followed by renewed growth.

In light of the recent scandals that heavily affected stock prices of big cannabis companies (Canopy Growth, HEXO, Tilray), some investors are turning their eyes to upcoming promising players. A Canadian investment firm GreenStar Biosciences Corp. (CSE: GSTR) has developed a business model around identifying and investing in high-potential regional cannabis companies to build a comprehensive portfolio of top marijuana companies in North America. With a lot of experience in the cannabis sector in Canada, the company is able to utilize their expertise to help other companies grow.

Their strategy is already paying dividends. One of their most successful partner companies is Cowlitz, a producer and processor of high quality cannabis products at low prices, based in Washington state. Cowlitz grew tremendously in just five years of operations recording over $14 million in revenue by 2018.

Upcoming players like GreenStar provide some hope to cannabis investors who are currently despairing over crashing stock prices. These kind of high potential companies will help to offset some of the recent losses as the cannabis sector moves into a new epoch.

Mark David is a writer best known for his science fiction, but over the course of his life he published more than sixty books of fiction and non-fiction, including children's books, poetry, short stories, essays, and young-adult fiction. He publishes news on apstersmedia.com related to the science.

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Astronauts Confront Vision Challenges in Space with Upcoming Dragon Mission

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The primary priorities for the Expedition 72 crew on board the ISS on Tuesday were preparing cargo for a future voyage and safeguarding astronauts’ eyesight to maintain their health.

Microgravity Eye Health

Body fluids rise toward an astronaut’s head in the weightless atmosphere of space. This fluid movement puts pressure on the eyes, which may have an impact on vision and eye anatomy. NASA astronauts Commander Suni Williams and Flight Engineer Butch Wilmore tried a modified thigh cuff that stops these headward fluid movements in order to combat this. As NASA and its international partners prepare for lengthier journeys farther into space, researchers are keeping a careful eye on these changes to create strategies to safeguard eye health.

Getting Ready for Resupply

On Earth, the SpaceX Dragon cargo spaceship is preparing for the next resupply mission to the space station, which is scheduled to launch next week. NASA Flight Engineers Nick Hague and Don Pettit got ready for Dragon’s arrival, which will include a delivery of new station hardware and scientific equipment. After docking and then returning to Earth, Pettit started packing and arranging the goods that would be stored aboard Dragon. Hague received training on how to use instruments that will monitor Dragon’s autonomous approach and docking procedure.

Spacecraft Docking and Manoeuvre

However, Hague will take Williams, Wilmore, and Roscosmos astronaut Aleksandr Gorbunov on a brief ride onboard the SpaceX Dragon Freedom spacecraft to a new docking site prior to the supply mission blasting out toward the space station. On Sunday, November 3, the four will board Dragon. They will undock from the forward port of the Harmony module at 6:35 a.m. EDT and then navigate the spaceship to Harmony’s space-facing port for a docking at 7:18 a.m. The Dragon cargo mission’s forward port is made available by the relocation.

Earth Observations and Maintenance at Night

Gorbunov installed and turned on equipment to observe Earth’s nighttime atmosphere in near-ultraviolet wavelengths following a training session on the exercise cycle of the Destiny laboratory module at the start of his shift. Ivan Vagner and Alexey Ovchinin, two of his fellow cosmonauts, collaborated on inspection and maintenance tasks in the Zvezda service module’s aft end.

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SpaceX launches the year’s 99th operational flight

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On Friday night, SpaceX successfully completed its 99th flight of the year with a Starlink mission from Cape Canaveral, Florida.

At 7:31 p.m. Eastern time, a Falcon 9 carrying 20 Starlink satellites blasted out from Canaveral’s Space Launch Complex 40.

The Just Read the Instructions droneship’s first-stage rocket completed a downrange recovery touchdown in the Atlantic on its seventeenth flight.

It was the 71st flight from the Space Coast in 2024, just one less than the record-breaking 72 launches in 2023. United Launch Alliance has launched the remaining ones, while SpaceX has flown all but five of those.

There have only been two Falcon Heavy missions this year, with the remainder being Falcon 9 launches.

Along with the other 18 from KSC, this was the 53rd launch from Cape Canaveral.

Together with the two Falcon Heavy missions, SpaceX has performed 33 missions from Vandenberg Space Force Base in California this year, for a total of 97 Falcon 9 launches, including this one.

From its Starbase test site in Boca Chica, Texas, it has also launched three test flights of its in-development Starship and Super Heavy rocket, all of which have reached orbit.

Adding to the success of the March and June missions, last Sunday’s launch included the first on-target controlled landing of the second stage in the Indian Ocean and the first land capture of the Super Heavy booster back at the launch tower.

In 2023, SpaceX completed 98 operational missions, including 91 Falcon 9 and 5 Falcon Heavy missions. The company also attempted two Starship test flights, both of which ended explosively before reaching orbit, though one of them managed to reach space for a brief period of time before being destroyed by its flight termination system.

Officials from the business stated at the beginning of 2024 that it could reach 144 launches for the year, or 12 launches per month. However, weather and the three different groundings of its Falcon 9 rocket due to various problems have caused some obstacles to that pace.

This launch is only the sixth of October thus far. It flew nine times in September, eleven times in August, six times in July, ten times in June, thirteen times in May, twelve times in April, eleven times in March, nine times in February, and ten times in January.

Most of them have been for Starlink, which has launched over 7,100 versions since the first functional versions were sent up in 2019.

This marked SpaceX’s 67th Starlink launch in 2024.

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20 Starlink internet satellites are launched by SpaceX from Florida

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According to a summary of the SpaceX mission, it was the booster’s seventeenth launch and landing.

Meanwhile, the Starlink satellites were still being transported to low Earth orbit by the upper stage of the Falcon 9. If all goes as planned, it will deploy them there approximately 64 minutes after liftoff.SpaceX launched a new set of Starlink broadband satellites into orbit this evening, October 18.

At 7:31 p.m. EDT (2331 GMT) tonight, a Falcon 9 rocket carrying 20 Starlink spacecraft—13 of which were equipped with direct-to-cell capability—blasted out from Florida’s Cape Canaveral Space Force Station.

About 8.5 minutes after takeoff, the first stage of the Falcon 9 returned to Earth as scheduled, landing on the SpaceX drone ship “Just Read the Instructions” in the Atlantic Ocean.

According to astronomer and satellite tracker Jonathan McDowell, the new group will join the massive and constantly expanding Starlink megaconstellation, which presently comprises of over 6,400 active spacecraft. Of those satellites, about 230 are direct-to-cell vehicles.

Two-thirds of SpaceX’s 96 Falcon 9 flights flown in 2024 have been devoted to expanding the Starlink network. This year, the corporation has also launched three test flights of its Starship megarocket and two Falcon Heavy missions.

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