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PEAK ASSET: MORNING WRAP 4 MARCH: | ASX to slip | Tech slide hits S&P500 | ECS Botanics integrates vertically with acquisition of Murray Meds |

Contributor by Contributor
Wednesday, March 3, 2021
in Asia, Charts, Equities, IPO
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PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally
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 4 March, 2021

So…

Meghan Markle is “hitting the airwaves” again, following on from “bullying” allegations back in 2018.

It feels a bit like a “married at first sight” episode at the moment…

For those in RGI and NCL, shares should show up in your accounts today as March moves to full swing!

Across markets…

Australian shares are poised to edge lower as rotation moves knocked tech stocks in New York. Oil rose.

ASX futures were down 14 points or 0.2 per cent to 6765 near 7.15am AEDT. The currency slipped 0.4 per cent. The yield on the US 10-year note leapt 8 basis points to 1.47 per cent in afternoon trading in New York.

“Yield moderation didn’t last long,” Mohamed El-Erian said in a tweet. “Renewed curve steeping is occurring in the context of markets bringing closer (into 2022) the first rate hike, also highlighting a challenge facing the #Fed: How to moderate the move up in longer-dated yields without adding to short-end anxiety?”

Investors are waiting for Federal Reserve chairman Jerome Powell’s latest thoughts when he speaks at a jobs conference later this week.

Source: AFR

Want to join the Peak Community and get access to our "hand-picked" corporate deals?

Closer to Home

ECS Botanics (ASX:ECS) has just become the stock exchanges largest, lowest cost and Australia’s most geographically diversified cannabis producers following shareholder approval of Victoria-based Murray Meds.

First announced in January, ECS shareholders gave approval, with over 99 per cent voting in favour.

Murray Meds has a fully licenced medical cannabis cultivation and manufacturing facility located on a seven-acre site on the Murray River in northwestern Victoria that fits in well with ECS’s low-cost cannabis model.

While other cannabis companies are building high cost indoor growing facilities, Murray Meds and ECS have both opted to grow cannabis in tunnels and outdoors, in ideal Australian climates for THC and CBD respectively.

Click here for full article

Stockhead

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Company: Sweet Earth Holdings (CSE:SE)
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Company: Lobe Sciences (CSE:LOBE)
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If you would like more information on future Peak deals, please don’t hesitate to get in touch.

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The trustee for Peak Asset Management Unit Trust (“Peak”) is a corporate authorised representative (#1249050) of Equity Underwriters Pty Ltd (AFSL #244040).

Peak accepts no responsibility for any views expressed and marketing material contained in this email except where the message specifically states otherwise and the sender is authorised to state them to be the views of Peak. Information provided in this email is general advise only and does take account your objectives, financial situation or needs.  Before acting on any advice in this email, Peak recommends that you consider whether it is appropriate for your circumstances.  If this email contains reference to any financial products, you should obtain the current Product Disclosure Statement (PDS) or other disclosure documents for the particular products and consider this information before making any decisions regarding the products. The Financial Services Guide (FSG) can be found at www.peakassetmanagement.com.au  or by telephoning
Peak on 1300 304 460

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