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CryptoCann™ Report: Statistics Canada turns to toilet for cannabis use data; NetCents releases SaaS-based platform

Halifax is found to have the highest rate of cannabis consumption per capita among five urban centres across Canada

The Crypto Report

On Monday, Blockchain-focused online payment processor NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF) said it released the first cryptocurrency processing platform based on the software as a service (SaaS) distribution model.

Shares perked up 2.1% to C$0.97.

READ: NetCents releases its first SaaS-based cryptocurrency payments processing platform

In other news, Group of 20 country leaders have called for an international cryptocurrency taxation.

The decision was reached at the G20 leaders’ summit held Dec. 1 in Argentina. The regulations will be in line with the Financial Action Task Force (FATF) recommendations.

A joint press statement said: “We will continue to monitor and, if necessary, tackle emerging risks and vulnerabilities in the financial system; and, through continued regulatory and supervisory cooperation, address fragmentation.”

November has been an unusually tough month for crypto markets, with its sharpest single-month decline in around four years. It is estimated that US$70 billion, or one-third of the market, was wiped out in November, which plunged all altcoins to their lowest levels in well over a year.

Ian King, senior analyst at Banyan Hill Publishing, spoke to Proactive Investors recently about the current state of the cryptocurrency market.

WATCH: Banyan Hill Publishings' Ian King explains the sell-off in crypto this week

King says the sell-off began when Bitcoin Cash made a software update, and the largest miner of bitcoin then shifted its capacity to Bitcoin Cash, causing mining to drop for the first time in two years. 

 

The Cann Report

To thine own toilet, be true.

Instead of using the phone, Canada’s statistics department, Statistics Canada, turned to the toilet to get information about cannabis users.

From March through August of 2018, Stats Canada analyzed the wastewater of five cities: Halifax, Montreal, Vancouver, Edmonton and Toronto. It tested sewage samples to detect amounts of THC-COOH, a metabolite produced by people after they consume cannabis' psychoactive compound,THC.

READ: Asterion Cannabis builds economies of scale for competitive advantage

The new data suggest Halifax has the highest rate of cannabis consumption per capita among five urban centres across the country.

In other news, Tetra Bio-Pharma Inc (CVE:TBP) has won financing from its partner and fellow Canadian cannabis company Aphria (TSE:APHA) (NYSE:APHA) and closed a private share placement drawing in proceeds of C$7.1 million.

According to Aphria, the investment will allow Tetra to ratchet up its drug development activities over the coming months.


Contact Katie Lewis at [email protected]

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Statistics Canada measured sewage flow for a gauge of cannabis use

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