November 2019


Cannabis Shares Tumble on Weak Earnings


Cannabis stocks have been hammered recently as it appears that most are reporting that weaker than expected demand has eroded revenue and earnings.  By mid-November, the Alternative Harvest ETF (NYSE:MJ) was down by 11.3% for the month, as traders continue the process of readjusting the stock prices of many of the Canadian public cannabis companies.

Demand Has Yet to Immerge

Demand has yet to immerge in Canada in the wake of legalization of recreational marijuana nationally in 2018. Ahead of this event, suppliers boosted production and now oversupply is weighing on prices. This has forced write-downs of inventories, as stockpiles grow to untenable levels. It will take a while for growers to pair back their production, due to lack of demand, but until this occurs, a shake out will continue to occur in the cannabis space.

Earnings Disappoints

All eyes were focus on Canopy Growth’s financial results to see how one of the larger players performed during the latest quarter. Canopy reported a loss of C$374.6 million, which is equivalent to $282.4 million or C$1.08 a share, in the quarter, which was a great than the C$330.6 million loss, or C$1.52 a share, posted in the year-earlier period. Sales rose to C$76.6 million from C$23.3 million. Expectations were for the company to lose 41 cents a share and revenue of C$100 million. Canopy’s revenue of C$76.6 million was lower than the C$90.5 million generated in the first quarter.

Cronos Also Misses

The loss experienced at Canopy was the straw that broke the camel’s back. The decline the entire sector, could continue to perpetuate until the market feels that prices reflect future demand for recreational marijuana. Other company mimic the poor performance from Canopy.

Cronos Group reported a quarterly loss of $0.02 per share versus expectations of $0.03. This compares to loss of $0.03 per share a year ago. Cronos shares have lost about 22.2% since the beginning of the year. Cronos group posted sales of $10.10 million for the quarter, missing expectations by 3.5%. This compares to year-ago revenues of $2.88 million.

Aurora Cannabis also missed on the bottom line. The company reported a loss of C$39.7 million, wider than the C$20.8 million expected. Sales came in at C$75.2 million, which was also a miss coming in below forecast of C$90.6 million. Sales into the Canadian recreational market dropped 33% to C$30 million. Aurora plans to cut capital cost by immediately suspending the building of a new facility. New retail facilities will also be reduced.

The overall outlook for the sector is weak, as supply dwarfs demand. Full legalization in the United States, could help reduce the supply glut. This is likely a long way off which puts the Canadian cannabis industry in a period where there will likely be consolidation. Companies that do not have scale and are unable to reduce costs while continuing to produce revenues will be gobbled up by larger players.



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Consolidate Your Debt with a Line Of Credit or Overdraft Facility

Have you borrowed several debts and looking for a solution to consolidate all of your debt? You’re in the right place. You had a word with your certified non-profit credit counselor about debt consolidation by York Credit. You might be suggested the best option that works for you at an optimum level. If you’re a Canadian, the best alternate for debt consolidation is a line of credit or an overdraft facility.

How a Line Of Credit or Overdraft Facility works?

When you get a line of credit or overdraft facility, the creditor offers you a credit card. This allows you to purchase and combine your various loans, bills, and other credit card balances into one. Lines of credit and overdraft may either secured Or unsecured. It depends on your eligibility and a few factors as follows:

  • According to the economy, the lender’s policies change time to time
  • Your credit rating
  • Your net worth (your assets vis-à-vis your debts)

The consolidation loans are different from Lines of credit and overdrafts, as a lump sum is not given in it. But, you have to make minimum monthly repayments just like a regular loan.

More precisely, overdrafts let your bank account balance to drop below zero, primarily as a credit card until your debit account hits zero. On the contrary, lines of credit act like a separate credit account that you can use whenever you require money in cash.

Benefits of A Line Of Credit Or Overdraft Facility

  • You can get the loan at the very low-interest rate, particularly given the currently low Bank of Canada Prime Rate.
  • A minimum monthly refund is usually very flexible and you can pay off the loan as quickly or as slowly as you would like.
  • There are early repayment penalties for usual loans. You can save the interest and can clear the loan without any charges if you clear the debt before time. You may keep the account open even after your loan consolidation efforts and can use an ongoing line of credit. However, you need to remain in good standing with the lender.
  • In the case of no money, you need to pay the minimum payments that cover the interest.
  • Negotiation is so easy and quick in line of credit or an overdraft than a loan and other debt consolidation options.
  • In credit card, you need to pay interest from the moment you get a card, but in LOC or overdraft, you only have to pay interest from the time you access the money.
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An Exclusive Promotional Item To Upgrade Your Business

Getting updated with current trend is an appreciation and drives confident to next level. If you looking seriously any gifts for business promotion, obviously trendy and popular choice is promotional drinkware. There are wide ranges of promotional drinkware available in market, from various price ranges, so if you looking such kind of item for business promotion then make use of online sources. Unlike other gift items, promotional drinkware can be widely used by all age groups and suitable for all occasion. This can be used as corporate gift, return gifts for parties, family get together, and birthday events and so on the list goes. Even customized drinkware is pocket friendly due to it several choices, satisfies the requirement of every individual needs.

Plan for your next event with promotional drinkware

If you are a coffee lover, loves to drink a cup of coffee everyday undoubtedly the most preferred promotional item is coffee mug, travel mugs and more to pick on. If you are still planning for upcoming event in your business, then don’t go anywhere and don’t waste times by searching directly go with promotional drinkwares, this will turn out your business even better. Customized drinkware, travel based mugs are good choice and it can be easily carry anywhere even during your travel. Let’s see some special features included in both customized drinkware and thermal flask.

  • Customized drinkware is environment friendly can saves the environment and not much expensive.
  • Companies that used to promote business through promotional is widely popular in recent decades, however to choose the right one considering various marketing strategy is bit confusing because to choose from unlimited choice of products.
  • Quality thermal flask grabs importance among people, due to it necessity in everyday life. Quality thermal flask is yet another most successful corporate gift, return gift, can be used as promotional gift at business meets.
  • Own logo can be imprinted on drinkware, this has been regarded as most efficient way to promote business
  • In recent years the promotional drinkware comes with more elegant, uniqueness than ever before thus it’s been in trending

Best promotional tool always promotes business to another level, if you have plan for drinkware just look online, wide range products available make sure to find the best and effective one. Drinkware breaks out the misconception that expensive gifts alone can draw attention and appreciation of people. These kinds of gifts, such drinkware, coffee mugs, travel mugs, ceramic mugs, thermal flask are less expensive with executive look and sure attracts the clients.

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Unsecured Business Loans: What You Need to Know

There are literally hundreds of different types of business loans that you can choose from. However, almost all loans can be broadly categorised into two options: secured and unsecured business loans. A secured loan is generally the most common type of loan given by banks and credit lending agencies. The concept is simple: the company will give you the loan amount but will take something as collateral. This is security so that in case you fail to pay back the loan, they will have something of equal or higher value which can be sold to get the money back.

An unsecured loan is also a pretty common option. Companies that give out unsecured loans don’t take anything in the way of security but they are more cautious when giving out the loan. They vet every application carefully and also charge a slightly higher interest rate because they take on more risk. If you are thinking of doing business and need some money to get started, you might want to consider applying for an unsecured business loan. Here are just a few things that you should know about taking out the loan.

An Injection of Cash

A business loan doesn’t have to be paid back immediately. The company is going to charge an interest rate and the payback period is usually over a year. You will simply have to pay back a fixed monthly instalment that includes the premium and the interest being charged on the amount. Because you don’t have to pay back the loan right away, you can plan it in such a way that you can just pay back the amount every month from the company’s profits. It’s that initial injection of cash that poses a problem for many people.

Compare Your Options

If you are interested in getting an unsecured loan, the first step that you need to take is to look for different companies that offer such loans. Compare their eligibility criteria and see if you fall in it. If you do, you can then check the interest rates and other variables before making a decision. Once you have gone through the terms and conditions and have made your decision, you can then send in an application. If your application is accepted, you will need to sign the papers and agree with the terms and conditions; within a few days, the loan amount will be transferred to your bank.

Getting an unsecured loan is one of the best ways to start a business. If you don’t have any assets to your name, you will be protected and the money will be easy to pay off, making it an excellent way to get things rolling.

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Simple trading approach always boost performance

If you want to secure your trading business and want to develop a trading career, efficient plans are important. But for a rookie trader, it is hard to know about efficient trading plans. If you can develop a trading edge for the highest quality trade execution possible, there will be profits waiting for you. When you can prepare a trading plan, the performance will be consistent. Then you can develop a trading career that will be suitable to manage consistent income from the profession. For a rookie trader, it is important to manage the investment first and then learn how to manage profits. Without this strategy, no trades will bring profit potentials. Instead, you will only experience high potential loss from the trades. Therefore, you must prepare a trading plan to improve your trading quality. When you are developing the plans, think of consistent trading performance.

To improve your income in Forex, first, think of the safety of the capital. Then you will need to develop the plans. With those plans, you must prepare a trading rule. It must be used for almost every execution. You can also prepare a dynamic strategy. But the main concern is consistency, following the rules and regulations. If you can follow the same plans for almost every trade, the quality will increase automatically.

Trade with a very small investment

For a quality and safe executions, the traders need to handle the investment. It is very important for the management of risk exposure. As it is based on the investment and the lot size, you must learn the different aspect of lot size calculations. And to secure the investment, you need to reduce the lot as much as possible. Then your focus on the leverage account or else options trading will be very hard. If you can create strong money management which is simple to handle, you will have zero issues in managing the losing orders. You will also be efficient with the dynamic strategies.

Securing the investment in options trading is the main duty of the new traders in Austraila. When you are done managing it, you can make profit without any hassle. After being a pro at saving your investment, focus on the improvement of the profit potential of the trades.

Save the capital with small losses

Using simple lots and simple investment will help you to protect your trading capital in the long run. To find a suitable position for any particular trade, you will need a reference. The risk to reward ratio will help you set that. While participating in Forex, simple lot sizes will handle the orders efficiently. Therefore, you will have a high chance of managing the safety of the investment because the stop-loss will be small and safe for your trades.

So, a rookie trader should prepare plans for the small potential losses. You only need to control your excitement for high-profit potential. Getting some experience in the demo account will help you to change your mindset. When you will be ready to trade in Forex with the right mindset, the management will be strong. Thus, you will also have better control over the trades.

Follow a disciplined life

Aside from the rules and regulations for the trades, you will need to handle the business with appropriate rules and regulations. For a quality performance, a trader must prepare the most appropriate rules and follow strict regulations. For this, you must decide to prepare a routine. According to the trading style, you will need to design the routine. When you have a decent plan to execute trade regularly, your will have a strong boost in the profit factors. So, you must focus on the improvement of the strategy to ensure success. Try to accept a few disciplined methods which will bring good luck to your career.

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How to register GST online

In the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration.

For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it will be an offence under GST and heavy penalties will apply. GST registration usually takes between 2-6 working days. You can apply for GST registration Online to complete the GST registration procedure.

So here in this article, we will understand how to register for GST online.

GST registration Online procedure

  • First, individuals must visit the GST portal (
  • Next, the individual must click on the ‘Register Now’ link which can be found under the ‘Taxpayers’ tab.
  • Next, the individual must select ‘New Registration’.
  • On the same page, the individual must fill the below-mentioned details:
    • Under the ‘I am a’ drop-down menu, select ‘Taxpayer’.
    • Select the respective state and district from the drop-down menu.
    • Enter the name of the business.
    • Enter the PAN of the business.
    • Enter the email ID and mobile number in the respective boxes. The entered email ID and mobile number must be active as OTPs will be sent to them.
    • Enter the image that is shown on the screen in the respective box and click on ‘Proceed’.
  • On the next page, enter the OTP that was sent to the email ID and mobile number in the respective boxes.
  • Once the details have been entered, click on ‘Proceed’.
  • Individuals will be shown the Temporary Reference Number (TRN) on the screen. It is vital that they make a note of the TRN.
  • Next, individuals must visit the GST portal again and click on ‘Register’ which is present under the ‘Taxpayers’ menu.
  • Next, select ‘Temporary Reference Number (TRN)’.
  • Next, individuals must enter the TRN and the captcha details.
  • Once the details have been entered, click on ‘Proceed’.
  • Individuals will receive an OTP on their email ID and registered mobile number. Enter the OTP on the next page and click on ‘Proceed’.
  • The status of your application will be available on the next page. On the right side, there will be an Edit icon, click on it.
  • There will be 10 sections on the next page. All the relevant details must be filled, and the necessary documents must be submitted. The list of documents that must be uploaded are mentioned below:
    • Photographs
    • Address proof where the business is located.
    • Bank details such as account number, bank name, bank branch, and IFSC code.
    • Authorisation form
    • The constitution of the taxpayer.
  • Once all the above-mentioned details have been entered, individuals must visit the ‘Verification’ page. Once individuals check the declaration, they must submit the application by using one of the below mentioned methods:
    • By using an Electronic Verification Code (EVC). The code will be sent to the registered mobile number of the applicant.
    • By using the e-Sign method. An OTP will be sent to the mobile number that has been linked with the Aadhaar card.
    • In case companies are registering, the application must be submitted by using the Digital Signature Certificate (DSC).
  • Once the above step is completed, a success message will be shown on the screen. The Application Reference Number (ARN) will be sent to the registered mobile number and email ID.
  • Individuals can check the status of the ARN on the GST portal.

Here in this article, we have understood the process for GST registration, it will surely be useful for you to grow your business.

The next important step in managing your business is to open current account online. Once this is done you are all set to manage and maintain your business smoothly and successfully.

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Why Mortgage Lenders Make Customers Jump through Hoops

Head down to your local bank to apply for a mortgage and you’ll find yourself jumping through one hoop after another just to get approval. The long, drawn out application process could result in you waiting weeks to actually get your mortgage. By contrast, a real estate investor or small business owner could secure a hard money loan in a matter of days. So what’s the difference?

Much of the difference boils down to who assumes the majority of risk on a loan. A bank making a 30-year mortgage is doing so with the understanding that it can sell said mortgage to Fannie Mae or Freddie Mac, thereby reducing its risk substantially. A hard money lender, on the other hand, assumes almost all the risk of lending.

Of course, such a simple explanation doesn’t really help you understand what’s going on here. So let’s look at it in more detail. Suffice it to say that the 30-year bank mortgage is not all it’s cracked up to be.

Strict Lending Requirements

Banks obviously have their own lending requirements in place. They have to if they want to mitigate as much risk as possible. But consider this: risk increases the longer a mortgage lasts. So why would banks offer 30-year mortgages? For that answer, we go back to the end of World War II and the post-war housing boom.

The 30-year mortgage was essentially a government creation intended to get more people to buy homes. The thinking at the time was that a 30-year mortgage made home ownership more affordable by giving people more time to pay the bill. Then along came Fannie and Freddie. Through these two programs, the government essentially encouraged banks to grant mortgages to people who really couldn’t afford them by ensuring such mortgages against loss.

In exchange for the insurance, lenders were required to adopt new lending practices they otherwise would not have utilized. Those practices were made even more strict following the 2008 housing crash. Today’s borrowers have to jump through a lot more hoops because government regulators want it that way. Ironically, Freddie and Fannie continue to encourage lenders to offer mortgages to people who really cannot afford them.

Hard Money is the Polar Opposite

You would never use a hard money loan to buy a home that would act as your primary residence. Still, understanding how hard money loans work offers a stark contrast to the way traditional banks do business. When an investor or business owner applies for hard money, there are no hoops at all to jump through.

Remember, the government takes on most of the risk of a typical 30-year mortgage. The risk in hard money rests solely on the lender. With that in mind, hard money lenders focus primarily on how they can recoup their money in the event of borrower default. There is only one way to do that: repossess and sell the collateral offered as backing for the loan.

According to Salt Lake City’s Actium Partners, property is the most commonly used form of collateral for hard money lending. Lenders care mainly about the value of the property and its current marketability. They are less interested in a borrower’s personal income, credit history, employment, etc. As long as the collateral is solid and valuable enough, risk is minimized.

You jump through hoops to get a 30-year mortgage because, like everything else controlled by the government, bureaucracy requires it. There are no hoops in hard money lending because it is a completely private enterprise between two parties. And now you know.

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Tips for Selecting the Right Audit Company in Malaysia

Auditing is one of those activities that you do not look forward to, but you have to do it anyway. It is a vital part of your business operations, and you afford to make any mistakes. The good news is that you do not necessarily have to deal with the tedious task. You can simply hire an audit company in Malaysia and let experts handle the job for you.

More and more business owners now realize the benefits of outsourcing auditing services, which has led to an increase in demand for these services. This has, in return, resulted in a rise in companies claiming to offer the best auditing. While some have your best interest at heart, some are only there to scam you. Selecting an audit firm that you can fully trust and rely on is the major challenge. To make it easier for you, here are the tips to follow during your search.

Consider their expertise

Whether you are looking for an auditing company or simply in need of a company secretary in Malaysia, you should never overlook the power of expertise. This is a sensitive area, and you cannot afford to make any mistakes. You need someone who has been in the industry for a long time and has the necessary skills and expertise to offer the best quality audit services. A team that has dealt with business finances before and precisely a business in a similar sector as you will provide you with the best quality services without any mistakes, thus reducing any chances of losses.

Check their qualifications

They should have the papers on hand to show that they have undergone the necessary training and are a competent audit company. Do not forget to check if the company qualifies with the respective requirements and that they are fully registered and certified to offer the services.

The cost of services

One of the main reasons for hiring the audit firm is to help you save money. You do not have to break the bank to pay for auditing services. Remember that you have other expenses that you need to fulfill, and you need to consider that when setting a budget for accounting services. Compare the cost of auditing as per different companies to determine the average rate and then choose the most affordable. Note that the services should neither be too low nor too high. Cheap could be a sign of poor services, and expensive does not necessarily mean that you will get high-quality services.

With these tips, you will undoubtedly find an audit company in Malaysia that you can fully trust and rely on. All the best!

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5 Common Reasons Why You Could be Refused a Personal Loan

Have you applied for a personal loan only to be refused by the lender? Although it’s not a nice feeling, you’re certainly not the only one who has had a loan application turned down. There are several common reasons why you might be declined a personal loan, and although some of them may be indicative of an unhealthy financial situation, others may simply be due to an oversight on your behalf or your particular circumstances.

If you’ve been declined a personal loan, make sure you know the reason why, as every personal loan application you make counts as an enquiry on your credit report. Make too many unsuccessful enquiries and that will turn into a red flag.

So, what are some of the common reasons why you might be declined a personal loan?

  1. You’re self-employed

Being self-employed can bring numerous benefits, but it can also have some unexpected drawbacks. Many lenders like to see that you are in full-time employment or have a secure contract with plenty of time left to run, as that provides added reassurance that you’ll be able to repay the loan.

For that reason, if you are self-employed and have a fluctuating level of income, some lenders may think twice about offering you a personal loan. However, not every lender will be so reluctant. For example, the short-term lender Wonga states it will not explicitly decline a borrower just because they’re self-employed, although you will have to provide evidence that you’re able to make the minimum monthly repayments.

  1. You have a bad credit score

Even borrowers with high salaries and stable jobs can be rejected for a personal loan. What many people don’t realise is that even with a good level of income, lenders will be put off by an adverse credit record that shows unreliable behaviour as a borrower. Maxed out credit cards and loan defaults will all contribute to a bad credit score. Thankfully, there are steps you can take to repair your credit score.

  1. Your application is inconsistent or incomplete

You must provide all the information you are asked for on your personal loan application and ensure that all your details are accurate and up to date. If you don’t double-check important information or provide comprehensive responses to the lenders’ questions, there’s a far greater chance that your loan application will be rejected.

  1. You don’t meet the eligibility requirements

Some lenders are quite specific about who they lend to, and if you don’t meet their eligibility criteria, the likelihood is you’ll be declined. Make sure you carefully read the lender’s criteria before you apply for a loan to save you time and reduce the likelihood of a refusal. The good news is that there are plenty of other lenders out there that will accept your loan application even if you have bad credit. You just have to find them.

  1. The loan amount is too high

On the loan application form, you’ll be asked to enter your desired loan amount. The temptation might be to borrow a bit more than is absolutely necessary, but if you enter an amount the lender believes you might struggle to repay, you’re likely to be declined. Instead, only borrow the money you need and use a loan affordability calculator to check it’s an amount you can comfortably afford to repay based on your current income.

Have you encountered any other reasons for a loan application refusal? Please share your experiences with our readers in the comments below.

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Credit Cards

Gaining the best support in credit card

As far as getting to compare credit cards Singapore is concerned, Maybank comes across as the peak one of the lot as it is known to offer for best credit cards that scores in terms of dependability and services.  If you are someone who likes to exchange your points for air miles, shopping as well as dining vouchers, discounts and coupons for gifts then you can very well go for the reward points accessible by Maybank.

It also provides one the capacity to earn points for everything spent on the card, with most banks presenting accelerated points when you spend at specific merchants or that of assured categories.

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