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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.

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SpaceX successfully launches 5th GPS satellite aboard reused rocket for US Space Force

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SpaceX has successfully launched the fifth GPS satellite for the U.S. military.

The GPS III SV05 satellite – nicknamed for NASA astronaut Neil Armstrong – launched on board the 227-foot-tall Falcon 9 rocket from Space Launch Complex 40 at Cape Canaveral Space Force Station, taking off at 12:09 p.m. ET.

“We have liftoff! The Falcon 9 rocket carrying the latest GPS III satellite has launched!” the Space Force Space and Missiles Systems Center said, retweeting SpaceX’s Twitter video of the moment.

Arrangement of the Lockheed Martin-assembled satellite was affirmed over 90 minutes after the fact.

It is expected to maneuver into a 12,550-mile-high orbit, as indicated by Spaceflight Now, and join the current constellation of satellites.

Three advanced GPS III missions have recently launched on Falcon 9 rockets throughout the most recent few years and Space.com revealed Thursday that the U.S, military intends to dispatch a sum of 10 redesigned GPS satellites to replace some older ones effectively in space.

The next-generation satellites will include “new technology and advanced capabilities” and meet the “needs of the military to mitigate threats” to GPS infrastructure, as indicated by Lockheed Martin.

The aerospace defense organization said that the satellites are the “most powerful GPS satellite ever built,” with multiple times times greater accuracy and up to multiple times expanded enemy of jam insurance.

“GPS III was also intentionally created with a modular design so that new technology and capabilities could be added as technology changes or new mission needs change,” it noted.

The following GPS III mission – likewise contracted to the Elon Musk-founded company – is scheduled for at some point in 2022.

Notwithstanding the satellite, the pre-owned rocket flew a payload for the first time.

It was SpaceX’s 19th mission this year and its 89th successful booster recovery, with Falcon 9’s first stage arriving at around 12:19 p.m. ET on the Just Read the Instructions droneship positioned in the Atlantic Ocean.

In another first, SpaceX’s recovery vessel HOS Briarwood would make its debut to recuperate the payload fairings after they fall back to Earth.

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World’s littlest dinosaur is really a ‘weird’ ancient lizard, researchers say

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A tiny skull entombed in 99-million-year-old amber that became the subject of scientific debate last year was at first idea to have a place with the world’s littlest dinosaur species.

In any case, the high-profile March 2020 scientific paper that unveiled the disclosure of Oculudentavis khaungraae was withdrawn sometime thereafter. New exploration distributed on Monday, in light of another, better-safeguarded amber specimen, recommends that the skull was from an prehistoric lizard.

“It’s a really weird animal. It’s unlike any other lizard we have today,” said co-creator of the new examination Juan Diego Daza, a herpetologist and aide professor of biological sciences at Sam Houston State University in Texas, in a news discharge.

“We estimate that many lizards originated during this time, but they still hadn’t evolved their modern appearance,” he said. “That’s why they can trick us. They may have characteristics of this group or that one, but in reality, they don’t match perfectly.”

The creators of the new paper published in the journal Current Biology named the creature Oculudentavis naga out of appreciation for the Naga individuals of India and Myanmar, where the golden was found. They said it was from similar family or class as Oculudentavis khaungraae, yet likely an alternate animal varieties.

Oculudentavis means “eye tooth bird” in Latin, however Daza said taxonomic rules for naming and organizing animal species implied that they needed to keep utilizing it despite the fact that it wasn’t exact.

“Since Oculudentavis is the name originally used to describe this taxon, it has priority and we have to maintain it,” Daxa said. “The taxonomy can be sometimes deceiving.”

The better-preserved amber, which was found in a similar golden mining locale in Myanmar as the first depicted Oculudentavis example, held piece of the reptile’s skeleton, including its skull, with visible scales and soft tissue. The two bits of golden were 99 million years of age.

Distorted skulls

The creators said the animal was hard to categorize, yet by utilizing CT outputs to separate, analyze and compare at each bone from the two species, they distinguished attributes that recognized the animals as lizards.

These included the presence of scales; teeth attached directly to the jawbone instead of nestled into sockets, as dinosaur teeth were; lizardlike eye structures and shoulder bones; and a hockey-stick-shaped skull that is all around shared by other scaled reptiles.

In the better-saved example, the group recognized a raised crest running down the highest point of the nose and a fold of free skin under the jaw that may have been expanded in show, qualities shared by different reptiles.

The creators accept that the two species’ skulls had gotten distorted as the golden, produced using globs of sap from old tree bark, hardened around them. They said that Oculudentavis khaungraae’s nose was crushed into a narrower, more beaklike shape while Oculudentavis naga’s braincase was packed.

The contortions amplified birdlike features in a single skull and lizardlike highlights in the other, said coauthor Edward Stanley, overseer of the Florida Museum of Natural History’s Digital Discovery and Dissemination Laboratory.

“Imagine taking a lizard and pinching its nose into a triangular shape,” Stanley said in a statement. “It would look a lot more like a bird.” Birds are the only living relatives of dinosaurs.

An ethical minefield

Some of paleontology’s most exciting finds as of late have emerged from northern Myanmar’s rich amber deposits. Much of the amber finds its approach to business sectors in southwest China, where it is purchased by collectors and scientists. Be that as it may, moral worries about who profits by the offer of golden have arisen, especially since 2017, when Myanmar’s military assumed responsibility for golden mines. Government powers and ethnic minorities have battled around here for quite a long time, and a United Nations report has blamed the military of torture, abductions, rape and sexual violence.

The examination creators said in the news discharge that the golden was bought by gemologist Adolf Peretti before 2017 from an approved organization that has no connections to Myanmar’s military, and cash from the deal didn’t uphold equipped clash.

They said utilization of the example followed rules set out by the Society of Vertebrate Paleontology, which has requested that associates cease from chipping away at golden sourced from Myanmar since June 2017.

“As scientists we feel it is our job to unveil these priceless traces of life, so the whole world can know more about the past. But we have to be extremely careful that during the process, we don’t benefit a group of people committing crimes against humanity,” Daza said.

“In the end, the credit should go to the miners who risk their lives to recover these amazing amber fossils.”

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‘Ring of fire’ eclipse 2021: How to see the solar eclipse on June 10

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In the first solar eclipse of the year, the moon will on the whole impede the sun, leaving just a fiery ring of Earth’s star visible Thursday (June 10) morning.

Skygazers in only a few places — in pieces of Canada, Greenland and northern Russia — will actually want to detect this blazing ring, otherwise called an annular eclipse, as per NASA.

Be that as it may, an partial solar eclipse — when the moon takes a circular “bite” out of the sun — will be apparent in more spaces of the Northern Hemisphere, including portions of the eastern United States and northern Alaska, a lot of Canada, and parts of the Caribbean, Europe, Asia and northern Africa, NASA detailed.

Solar eclipses happen when the moon scoots among Earth and the sun, obstructing a few or essentially the entirety of the sun’s light. During an annular eclipse, the moon is far enough away from Earth that it’s too little to even consider shutting out the whole sun. All things being equal, as the moon coasts across the sun, the external edges of the sun are as yet noticeable from Earth as an annulus, or ring.

The whole solar eclipse will last around 100 minutes, beginning first thing in the morning in Ontario, Canada, and voyaging toward the north until the moment of greatest eclipse, around 8:41 a.m. neighborhood time in Greenland (6:41 a.m. EDT; 11:41 GMT) 10:41 UTC in northern Greenland and ending at sunset in northeastern Siberia, as per EarthSky. The “ring of fire” phase, when the moon covers 89% of the sun, will last as long as 3 minutes and 51 seconds at each point along this way.

Come regions that don’t fall along the solar eclipse’s path will see an partial eclipse, assuming the rainclouds hold back. Here, a part of the moon’s outer, lighter shadow, known as the penumbra, hinders the sun. As the moon passes before the sun, it will seem as though this shadow took a sumptuous bite out of the bright star. For watchers in the United States, it’s ideal to watch previously, during and soon after sunrise, depending on your location, particularly in case you’re in pieces of the Southeast, Northeast or Midwest, or in northern Alaska, NASA announced. All in all, ensure you have an clear view not too far off as the sun tries to welcome the new day however is halfway obstructed by the moon.

In New York, for example, the most maximum eclipse will occur at 5:32 a.m. EDT, as per Space.com, a Live Science sister site.

In the United Kingdom and Ireland, skywatchers will see up to 38% of the sun shut out during the partial eclipse soon after 11 a.m. nearby time, as indicated by the Royal Astronomical Society.

Conversely, the broadly watched Great American Solar Eclipse in 2017 was an total solar eclipse, which means the moon totally shut out the sun. Watchers in U.S. states on a way from Oregon to South Carolina had the opportunity to witness the eclipse’s totality, when the moon totally impeded the sun, permitting individuals to gaze upward without eye protection. (This is protected, notwithstanding, just during the short second when the moon completely hinders the sun.)

Since the current week’s eclipse will exclude entirety, you ought not gaze straight toward the shroud, regardless of whether you are wearing shades. All things considered, you’ll need exceptional overshadowing glasses or different instruments, like a homemade solar eclipse viewer (here’s a bit by bit control) or even a spaghetti strainer or colander, which will show the halfway obscuration’s shadow in the event that you let the sun radiate through its openings and onto the ground or another surface.

On the off chance that the climate or your location prevents you from seeing the eclipse, you can watch it live beginning at 5:30 a.m. EDT (9:30 UTC) at the Virtual Telescope Project.

In the event that you miss this solar eclipse, you actually have one more shot for the current year. The second and final solar eclipse of 2021 will occur on Dec. 4. Albeit an total solar eclipse will be visible just from Antarctica, individuals in southern Africa, including Namibia and South Africa, can catch a glimpse at a partial solar eclipse, as indicated by they.

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