LOW RISK STOCKS
Low risky stocks with potential
Update : August 26th (updates)
Converge is Recognized as a Top Performing TSX Venture Company for 2020 by being ranked 5th. Plus, they uplisted to the TSX index. Their Hybrid IT, Cybersecurity and cloud is a need and will take more and more place in the future.
Why?: The company designs, manufactures, and distributes smoking accessories and cannabis lifestyle products. It is also involved in the wholesale and retailing of cannabis products, as well as operates and franchises licensed retail cannabis stores. In addition, the company provides data analytics services, as well as operates Grasscity.com and CBDcity.com platforms. As of October 25, 2021, it operated 103 retail locations in Ontario, Alberta, Manitoba, and Saskatchewan.
Why?:As the company provides software support for legal firms and government organizations, these industries are likely to produce revenue no matter what happens in the market. The company’s revenue, gross margin and EBITDA continue to rise year over year and will likely continue to do so well into the future.
Why?: The company closed the quarter with cash and cash equivalents of US$232.6 million, which allows the company to carry out its future acquisitions. Given the secular shift towards online shopping and its growth initiatives, I expect the upward momentum in LightSpeed’s stock price to continue.
Financial Services/Capital Markets
Why?: Bitfarms Increases October 2021 Bitcoin Production, Up 12.5% from September 2021.
October 2021 Bitfarms’ Mining Production Update
1.8 EH/s achieved effective October 25, 2021.
343 new Bitcoin (BTC) mined during October 2021.
2,750 BTC mined in the first ten months of 2021.
11+ BTC mined daily on average, equivalent to about US$ 665,500 per day based on a BTC price of US$60,500 on October 31.
2,646 BTC deposited into custody for the year through October 31, 2021, representing approximately 96% of Bitfarms’ 2021 BTC production with a total value of approximately US$160 million based on a BTC price of US$60,500.