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submitted by Patriciauizeq to u/Patriciauizeq [link] [comments]

Toronto and Peel will enter Stage 1 Lockdown on Monday

From Ford's press conference. More info coming soon. 1201am on Monday this goes into effect
Read it here:
https://www.reddit.com/ontario/comments/jv100c/ontario_covid_color_zones_read_this_post_to_see

Organized public events, social gatherings and religious services, rites and ceremonies

Restaurants, bars and food or drink establishments

  • Indoor and outdoor service prohibited
  • Take out, drive through and delivery permitted, including sale of alcohol

Sports and recreational fitness facilities

  • Closed for indoor and outdoor except for high performance and professional athletes
  • Community centres and multi-purpose facilities (for example, YMCA) allowed to be open for permitted activities such as child care services

Meeting and event spaces

  • Closed with limited exceptions for:
    • day camps for children
    • recreational and skill building programs under the Child Care and Early Years Act, 2014
    • alcohol or substance abuse counselling
    • court services
    • government services
    • mental health support services

Retail

  • Retail permitted to be open for curbside pick-up or delivery only (in-person retail shopping not permitted)
  • Exceptions where in-person shopping is permitted:
    • supermarkets, grocery stores and convenience stores
    • hardware stores
    • other retailers selling groceries
    • beer and wine and liquor stores
    • pharmacies and safety supply stores
  • 50% capacity limits in retail outlets permitted to open for in-person shopping
  • Motor vehicle sales permitted to be open for in-person shopping by appointment only and other safety restrictions
  • Garden centres, plant nurseries permitted for curbside pick-up or delivery; indoor by appointment only
  • Outdoor markets permitted
  • Malls open, with:
    • retail outlets in malls permitted to be open for curbside pick-up or delivery only (in-person retail shopping not permitted)
    • full access to businesses and organizations permitted to be open (for example, pharmacy, dentist)
    • food court open for take-away only
  • Requirement to maintain 2 metres while standing in line and flow management

Personal care services

Closed

Casinos, bingo halls and gaming establishments

Closed

Cinemas

Closed, except for:
  • drive-in cinemas
  • rehearsal or performing a recorded or broadcasted event

Performing arts facilities

  • Closed to spectators
  • Rehearsal or performing a recorded or broadcasted event permitted
  • Performers and employees must maintain 2 metre physical distance except for purposes of the performance
  • Singers and players of brass or wind instruments must be separated from any other performers by plexiglass or other impermeable barrier
  • Drive-in performances permitted

Amusement parks, water parks

  • Closed

Bathhouses and sex clubs

  • Closed

Boarding kennels and stables

  • Permitted to open for animal’s owner to visit the animal, assist in the care or feeding of the animal or, as applicable, ride the animal

Campgrounds

  • Campsites must be made available only for trailers and recreational vehicles that are used by individuals who are in need of housing, or are permitted to be there by the terms of a full season contract
  • Only campsites with electricity, water service and facilities for sewage disposal may be provided for use
  • All recreational facilities in the campground and all other shared facilities in the campground, other than washrooms and showers, must be closed
  • Short-term campground rentals that were reserved on or before November 22, 2020 are permitted; no new reservations after November 22, 2020 permitted, except for individuals who are in need of housing

Cannabis

  • Permitted by curb-side pick-up

Driving instruction

  • In-person driving instruction not permitted
  • Virtual permitted

Household services

  • Domestic and cleaning and maintenance services permitted, including:
    • housekeepers, cooks, maids and butlers
    • personal affairs management
    • nanny services and babysitters
    • other domestic personnel
    • house cleaning
    • indoor or outdoor painting
    • pool cleaning
    • general repairs
  • Outdoor cleaning and maintenance services permitted

Horse racing

  • Training only, no races
  • No spectators

Hotels, motels

  • Permitted to operate except for any pools, fitness centres, meeting rooms and other recreational facilities that may be part of the operations of these businesses

Libraries

  • Open for curbside, delivery and pick-up
  • Patrons permitted to enter libraries for contactless drop-off and pick-up, and to access computers, photocopiers, or similar services
  • May open for permitted services (for example, child care services, AA meetings)
  • No classes

Marinas, boating clubs, golf courses and driving ranges

  • Marinas and boating clubs permitted to operate for fuel supply, watercraft repair and servicing, watercraft docking and watercraft launching services for essential purposes
  • Clubhouses, restaurants, pools, meeting rooms, fitness centres or other recreational facilities on the premises closed to the public, with limited exceptions
  • Golf courses and driving ranges:
    • Outdoors permitted
    • Indoors closed
  • Indoor shooting ranges closed

Media industries

  • Film and television production, including all supporting activities such as hair, makeup and wardrobe, are permitted to open if they meet the following conditions:
    • No studio audiences may be permitted to be on the film or television set
    • The set must be configured and operated in such a way as to enable persons on the set to maintain a physical distance of at least two metres from other persons, except where necessary for the filming of the film or television production
    • Persons who provide hair or makeup services must wear appropriate personal protective equipment
  • Film and television post-production, visual effects and animation studios are permitted
  • Book and periodical production, publishing and distribution businesses are permitted
  • Interactive digital media businesses, including computer system software or application developers and publishers, and video game developers and publishers are permitted

Motorsports

  • Closed

Museums and other cultural amenities (for example, art galleries, science centres)

  • Closed

Nightclubs

  • Only permitted to open if they operate as a restaurant, bar, or other food and drink establishment (take-out, drive-through and delivery service only)

Personal services

  • In-person personal services not permitted, including:
    • personal shoppers
    • party and wedding planners
    • personal organizer services
    • personal physical fitness or sports trainers
    • house sitters
    • Photography studios and services
Closed
  • Real estate agencies
  • Permitted to operate; open houses permitted by appointment only

Short-term rentals

  • Existing bookings as of November 22, 2020 honoured regardless of when the rental occurs
  • No new bookings after November 22, 2020 permitted, except for individuals who are in need of housing
  • This does not apply to hotels, motels, lodges, resorts and other shared rental accommodation, including student residences

Strip clubs

  • Only permitted to open if they operate as a restaurant, bar, or other food and drink establishment (take-out, drive-through and delivery service only)

Tour and guide services

  • Closed

Veterinary services

Services that are permitted include:
  • Veterinary services and other businesses that provide for the health and welfare of animals, including farms, boarding kennels, stables, animal shelters and research facilities
  • Businesses that provide services for the training and provision of service animals
  • Businesses that provide pet services, including pet grooming services, pet sitting services, pet walking services and pet training services

Zoos and aquariums

  • Closed to the public
  • Permitted to operate for the care of animals
submitted by uarentme to ontario [link] [comments]

Detailed DD post [re-post after r/pennystocks removed it]

Detailed DD post [re-post after pennystocks removed it]
I posted this yesterday morning (UK time) but after 5 hours or so, pennystocks deleted the original post. A few people messaged me asking for it to be shared in a few High Tide specific pages. So here it is!
--
This is my first time posting a DD post – a friend of mine who moderates on SPACs has shared some analysis I have written previously, but I’m keen to share this here, and see if there is any appetite for sharing my own personal written DD I have on the 30 stocks I have across a number of different portfolios.
I have modified this format, as it was originally a script for a video which I created on the stock. If you prefer to listen – check it out here: https://youtu.be/qsjwU7kkPsw
Some of the market stats (market cap, current multiples, etc.) are correct as of Feb-06, and clearly a little outdated since the price movements.
Not a financial advisor, do your own DD. I am long HITI and have an expectation of a long term hold on this stock.
Overview
  • High Tide Canada-based cannabis retail company, operating under multiple brands. It operates under 3 core divisions:
  1. Brick and mortar retail – 4 key brands with just under 70 locations in Canada. Brands include: Canna Cabana, New Leaf, Meta Cannabis and Kushbar. Forecast to have around 115 stores by end of 2021
  2. Online retail – has 2 brands, both of which attract millions of viewers per month – Grasscity.com and CBDcity.com
  3. Wholesale – manufacturer of paraphernalia in US and Canada. Number of products are branded with various celebrities, Snoop Dogg, Paramount Pictures, Trailer Park Boys and many more
  • Has good c-level execs and experienced executive board; hold significant stake in the business. CEO Raj Grover holds just over 21% of the shares
  • Currently has a market cap of around $280m. Still significant upside to the valuation – see analysis later in post
Investment Merits
Very strong market growth:
  • Business has demonstrated growth both organically (through new store openings, more online sales and greater wholesale sales), as well as inorganically through M&A
  • Growth in markets which High Tide has a physical presence in is expected to be very strong. North American cannabis market (Canada and US) is forecast to grow by 30% a year to 2027 (source: research and markets)
  • Analysts covering High Tide are forecasting growth in excess of this, which is positive to see and implies capturing market share
  • New markets / geographies ‘opening up’, legalizing and regulating cannabis is also an exciting and realistic prospect for incremental growth:
  1. The US federal legalization debate is on the table
  2. Many other countries are considering this too and High Tide is well positioned for these; this is catalyzed by the fact that government debt has increased significantly as part of the response to the COVID-19 health crisis. This needs to be repaid somehow, and increasing tax rates on existing taxes is an unpopular political move. Finding new tax revenues is a more palatable way of increasing tax revenues for governments. This is especially important in countries where elections are upcoming.
  • Personally I do expect to see this accelerate the agenda for the regulation and legalization of cannabis in many new countries
  • Whilst predominantly Canada and US based, High Tide does have presence in some markets where cannabis is not regulated or legalized, the UK for example (~10% of Grasscity sales are made here) and so it is well positioned with a strong and established brand to capitalize on this opportunity, when / if the market ‘opens up’
Regulation
  • High Tide benefits from the regulatory focus and overhang on the cannabis retail sector as it represents a strong barrier to entry, making it more challenging for new competitors to enter market
  • Participants in the market need to have licenses and ensure consistent compliance with laws to continue operating – failure to comply can result in significant financial penalties
  • Personally I normally don’t like investing into retail. There are usually fairly limited barriers to entry, minimal differentiation and negligible customer loyalty, however the cannabis market does have different characteristics in this respect and makes it a more compelling proposition
  • Regulation also benefits those with scale, something High Tide has as the leading player in the market. It costs money to obtain and retain licences to operate and it costs money to ensure compliance with all the laws and regulations and that all staff are acting in accordance with these
  • Some parallels in this respect which can be drawn to casino gaming in casinos; you don’t see new casinos popping up at the same rate which you see new restaurants or apparel stores opening
Demand
  • There’s a lot to like about the demand dynamics for High Tide. It’s vice-nature means that demand is less correlated to disposable incomes. Given where we are in economic cycle, especially important consideration
  • For those doubting this, check alcohol, tobacco or gambling expenditure across economic cycles historically, for a proxy
Strong performance throughout COVID-19 crisis
  • Despite heavy weighting towards brick and mortar, (the most hard hit part of retail) it has effectively managed the shift to online, which is a positive
  • Has relied on government support and financial assistance in the form of job retention schemes (address in more detail later in post)
  • This demonstrates management are capable and have effectively navigated the challenging situation
Data
  • Massively summarized from the video, (and my video on KERN) so check that out if interested in this point, however, they have unique access to supply chain data which could be monetized effectively and generate strong levels of recurring revenues
  • Other established sectors have a trusted party with such unique access to data (e.g. alcohol, lithium, different foods, etc.) and the opportunity here is enormous
  • I would like to see High Tide capitalize on this
Forecasts financials & analysts
  • Currently 2 analysts covering High Tide, both have a buy rating on the business
  • Their coverage is slightly outdated (expect this being updated soon and a further catalyst for positive price action) and their price targets are 60c; at the time their reports were published, they were forecasting a 4x upside (HITI was trading at ~15c)
  • Same analysts also forecasting strong growth - 77% CAGR to 2022. They are forecasting revenues of around $250m and EBITDA of $46m. A reminder here, these are professional analysts, not YouTube students – these come from their financial models, the assumptions of which are discussed with management
https://preview.redd.it/nfq8h5fpvmg61.png?width=602&format=png&auto=webp&s=f48977ca9c0072003ac71206cef28b0a493dd583
Valuation
  • Going to go quick here, its explained more slowly in the video but High Tide is currently valued at a significant discount to the other listed peers
  • Looking at EV / FY+1 Sales multiples – EBITDA not meaningful as some of the peer group are EBITDA negative and High Tide itself has only recently become EBITDA positive

https://preview.redd.it/4t4n303rvmg61.png?width=342&format=png&auto=webp&s=636bca248743272bed283af97780d3e1e121312f
  • Personally, I think Planet13 is the most comparable given its business model
  • Taking both Planet13 multiple and peer group average multiple, this is then applied to High Tide’s forecast FY+1 sales to calculate an enterprise value – this is adjusted for net debt to get to a market capitalization and then divided by the share count to get an implied share price
  • The table below shows the implied stock price valuations from this analysis

https://preview.redd.it/1mks0oxrvmg61.png?width=406&format=png&auto=webp&s=587ca8e2468b825103905931ebe7ab5b42314c6f
NB – assumed the following:
  1. Net debt will change in coming year given the capital structure and a large number of convertible notes – this has been ignored given it will have small impact on the price
  2. The share count will change as a result of dilution from various instruments – if this bothers you massively then look at the valuation discount on the basis of the enterprise value as it does not impact this (and only slightly on the market cap given minimal impacts to cash from instrument execution, etc.)
  3. Not accounting for any stock split, consolidation or any other M&A deals
  4. The FY21 financials are on the basis of the mean broker estimates from Thomson Reuters – Seeking Alpha has different and slightly outdated ones
Investment Risks & Mitigants / Outstanding DD points
Exposure to changing regulation
  • US is only a small part of the market which High Tide addresses, while a change in regulation would have a big impact on the company, currently it is unlikely this would happen, given the discussions about potential federal legalization
  • Canada regulation is established and not going anywhere
  • Other countries likely to legalize and regulate cannabis, as outlined earlier
Dilution
  • No escaping that there will be some significant dilution for shareholders, as pointed out in the table below, but this should be already priced into the stock
  • Potential that new equity issuances could occur to help finance growth, but provided this growth is delivered, it should be accretive for the stock price

https://preview.redd.it/vkrb2ousvmg61.png?width=602&format=png&auto=webp&s=40f8f4c65b92efc15af0eba42bb873c774700eff
Potentially misleading cost basis information
  • A risk that investors need to be aware with for all companies which have relied on government financial support during COVID-19 measures. Such support has resulted in the number of businesses going bankrupt decreasing massively – this is at a lower level than it ever normally is and is masking some real underlying issues within companies. As investors we need to be open eyed about this
  • As High Tide has benefited from support in the form of the Canada’s Emergency Wage Support scheme, there is the risk that once this is lifted it may become apparent that the cost base has not been effectively managed
  • Personally, I think this is mitigated by the synergy analysis conducted as part of the M&A. A full cost base analysis would have been conducted to calculate the potential $8.4m synergies so strong likelihood that this is under control, but should keep on our radar and reassess
Marketing expenses and celebrity licenses
  • Need more information to ascertain whether these are underpinned by a compelling ROI. Seen a lot of people suggest this is a great positive, but the impact on sales volumes from these is unknown, as is the terms of these license agreements (e.g. split between upfront fee vs. volume-based fee)
  • No escaping the fact that it is an increased cost and so need to understand the ROI this generates to determine whether it really is compelling
  • Is there really more demand to pay a premium for Snoop Dogg bongs, Guns n Roses papers, Cheech & Chong grinders, or whatever they may be?
  • So far management have suggested this has been helpful in driving new sales, but this is something to dig into more
If you want to check out the video, it would be appreciated: https://youtu.be/qsjwU7kkPsw
submitted by AlexM-YT to HITIFSTOCK [link] [comments]

Detailed DD post [re-post after r/pennystocks deleted it]

Detailed DD post [re-post after pennystocks deleted it]
I posted this yesterday morning (UK time) but after 5 hours or so, pennystocks deleted the original post. A few people messaged me asking for it to be shared in a few High Tide specific pages. So here it is! Hope this is OK for the mods here?
--
This is my first time posting a DD post – a friend of mine who moderates on SPACs has shared some analysis I have written previously, but I’m keen to share this here, and see if there is any appetite for sharing my own personal written DD I have on the 30 stocks I have across a number of different portfolios.
I have modified this format, as it was originally a script for a video which I created on the stock. If you prefer to listen – check it out here: https://youtu.be/qsjwU7kkPsw
Some of the market stats (market cap, current multiples, etc.) are correct as of Feb-06, and clearly a little outdated since the price movements.
Not a financial advisor, do your own DD. I am long HITI and have an expectation of a long term hold on this stock.
Overview
  • High Tide Canada-based cannabis retail company, operating under multiple brands. It operates under 3 core divisions:
  1. Brick and mortar retail – 4 key brands with just under 70 locations in Canada. Brands include: Canna Cabana, New Leaf, Meta Cannabis and Kushbar. Forecast to have around 115 stores by end of 2021
  2. Online retail – has 2 brands, both of which attract millions of viewers per month – Grasscity.com and CBDcity.com
  3. Wholesale – manufacturer of paraphernalia in US and Canada. Number of products are branded with various celebrities, Snoop Dogg, Paramount Pictures, Trailer Park Boys and many more
  • Has good c-level execs and experienced executive board; hold significant stake in the business. CEO Raj Grover holds just over 21% of the shares
  • Currently has a market cap of around $280m. Still significant upside to the valuation – see analysis later in post
Investment Merits
Very strong market growth:
  • Business has demonstrated growth both organically (through new store openings, more online sales and greater wholesale sales), as well as inorganically through M&A
  • Growth in markets which High Tide has a physical presence in is expected to be very strong. North American cannabis market (Canada and US) is forecast to grow by 30% a year to 2027 (source: research and markets)
  • Analysts covering High Tide are forecasting growth in excess of this, which is positive to see and implies capturing market share
  • New markets / geographies ‘opening up’, legalizing and regulating cannabis is also an exciting and realistic prospect for incremental growth:
  1. The US federal legalization debate is on the table
  2. Many other countries are considering this too and High Tide is well positioned for these; this is catalyzed by the fact that government debt has increased significantly as part of the response to the COVID-19 health crisis. This needs to be repaid somehow, and increasing tax rates on existing taxes is an unpopular political move. Finding new tax revenues is a more palatable way of increasing tax revenues for governments. This is especially important in countries where elections are upcoming.
  • Personally I do expect to see this accelerate the agenda for the regulation and legalization of cannabis in many new countries
  • Whilst predominantly Canada and US based, High Tide does have presence in some markets where cannabis is not regulated or legalized, the UK for example (~10% of Grasscity sales are made here) and so it is well positioned with a strong and established brand to capitalize on this opportunity, when / if the market ‘opens up’
Regulation
  • High Tide benefits from the regulatory focus and overhang on the cannabis retail sector as it represents a strong barrier to entry, making it more challenging for new competitors to enter market
  • Participants in the market need to have licenses and ensure consistent compliance with laws to continue operating – failure to comply can result in significant financial penalties
  • Personally I normally don’t like investing into retail. There are usually fairly limited barriers to entry, minimal differentiation and negligible customer loyalty, however the cannabis market does have different characteristics in this respect and makes it a more compelling proposition
  • Regulation also benefits those with scale, something High Tide has as the leading player in the market. It costs money to obtain and retain licences to operate and it costs money to ensure compliance with all the laws and regulations and that all staff are acting in accordance with these
  • Some parallels in this respect which can be drawn to casino gaming in casinos; you don’t see new casinos popping up at the same rate which you see new restaurants or apparel stores opening
Demand
  • There’s a lot to like about the demand dynamics for High Tide. It’s vice-nature means that demand is less correlated to disposable incomes. Given where we are in economic cycle, especially important consideration
  • For those doubting this, check alcohol, tobacco or gambling expenditure across economic cycles historically, for a proxy
Strong performance throughout COVID-19 crisis
  • Despite heavy weighting towards brick and mortar, (the most hard hit part of retail) it has effectively managed the shift to online, which is a positive
  • Has relied on government support and financial assistance in the form of job retention schemes (address in more detail later in post)
  • This demonstrates management are capable and have effectively navigated the challenging situation
Data
  • Massively summarized from the video, (and my video on KERN) so check that out if interested in this point, however, they have unique access to supply chain data which could be monetized effectively and generate strong levels of recurring revenues
  • Other established sectors have a trusted party with such unique access to data (e.g. alcohol, lithium, different foods, etc.) and the opportunity here is enormous
  • I would like to see High Tide capitalize on this
Forecasts financials & analysts
  • Currently 2 analysts covering High Tide, both have a buy rating on the business
  • Their coverage is slightly outdated (expect this being updated soon and a further catalyst for positive price action) and their price targets are 60c; at the time their reports were published, they were forecasting a 4x upside (HITI was trading at ~15c)
  • Same analysts also forecasting strong growth - 77% CAGR to 2022. They are forecasting revenues of around $250m and EBITDA of $46m. A reminder here, these are professional analysts, not YouTube students – these come from their financial models, the assumptions of which are discussed with management

https://preview.redd.it/5pwznbe5xmg61.png?width=602&format=png&auto=webp&s=bb1be853d9db5eaa7dc3c7b26630a173bbd064cf
Valuation
  • Going to go quick here, its explained more slowly in the video but High Tide is currently valued at a significant discount to the other listed peers
  • Looking at EV / FY+1 Sales multiples – EBITDA not meaningful as some of the peer group are EBITDA negative and High Tide itself has only recently become EBITDA positive

https://preview.redd.it/l52oajp6xmg61.png?width=342&format=png&auto=webp&s=e31e1944101c6488a24f470bc3b91744f4c2dccf
  • Personally, I think Planet13 is the most comparable given its business model
  • Taking both Planet13 multiple and peer group average multiple, this is then applied to High Tide’s forecast FY+1 sales to calculate an enterprise value – this is adjusted for net debt to get to a market capitalization and then divided by the share count to get an implied share price
  • The table below shows the implied stock price valuations from this analysis

https://preview.redd.it/2j51fwigxmg61.png?width=406&format=png&auto=webp&s=f678c5c66ced846ac45fa698c7e454f71a4232b6
NB – assumed the following:
  1. Net debt will change in coming year given the capital structure and a large number of convertible notes – this has been ignored given it will have small impact on the price
  2. The share count will change as a result of dilution from various instruments – if this bothers you massively then look at the valuation discount on the basis of the enterprise value as it does not impact this (and only slightly on the market cap given minimal impacts to cash from instrument execution, etc.)
  3. Not accounting for any stock split, consolidation or any other M&A deals
  4. The FY21 financials are on the basis of the mean broker estimates from Thomson Reuters – Seeking Alpha has different and slightly outdated ones
Investment Risks & Mitigants / Outstanding DD points
Exposure to changing regulation
  • US is only a small part of the market which High Tide addresses, while a change in regulation would have a big impact on the company, currently it is unlikely this would happen, given the discussions about potential federal legalization
  • Canada regulation is established and not going anywhere
  • Other countries likely to legalize and regulate cannabis, as outlined earlier
Dilution
  • No escaping that there will be some significant dilution for shareholders, as pointed out in the table below, but this should be already priced into the stock
  • Potential that new equity issuances could occur to help finance growth, but provided this growth is delivered, it should be accretive for the stock price

https://preview.redd.it/t0im6idhxmg61.png?width=602&format=png&auto=webp&s=4bff366e68eeeadd5ac49ab5d97885685a327a6b
Potentially misleading cost basis information
  • A risk that investors need to be aware with for all companies which have relied on government financial support during COVID-19 measures. Such support has resulted in the number of businesses going bankrupt decreasing massively – this is at a lower level than it ever normally is and is masking some real underlying issues within companies. As investors we need to be open eyed about this
  • As High Tide has benefited from support in the form of the Canada’s Emergency Wage Support scheme, there is the risk that once this is lifted it may become apparent that the cost base has not been effectively managed
  • Personally, I think this is mitigated by the synergy analysis conducted as part of the M&A. A full cost base analysis would have been conducted to calculate the potential $8.4m synergies so strong likelihood that this is under control, but should keep on our radar and reassess
Marketing expenses and celebrity licenses
  • Need more information to ascertain whether these are underpinned by a compelling ROI. Seen a lot of people suggest this is a great positive, but the impact on sales volumes from these is unknown, as is the terms of these license agreements (e.g. split between upfront fee vs. volume-based fee)
  • No escaping the fact that it is an increased cost and so need to understand the ROI this generates to determine whether it really is compelling
  • Is there really more demand to pay a premium for Snoop Dogg bongs, Guns n Roses papers, Cheech & Chong grinders, or whatever they may be?
  • So far management have suggested this has been helpful in driving new sales, but this is something to dig into more
If you want to check out the video, it would be appreciated: https://youtu.be/qsjwU7kkPsw
submitted by AlexM-YT to HighTideInc [link] [comments]

Not another HITI / HITIF DD post... detailed analysis incl. valuation [re-post after it was deleted on r/pennystocks for some reason...]

I posted this yesterday morning (UK time) but after 5 hours or so, pennystocks deleted the original post. I had a message to share it on here too, so here it is!
--
This is my first time posting a DD post – a friend of mine who moderates on SPACs has shared some analysis I have written previously, but I’m keen to share this here, and see if there is any appetite for sharing my own personal written DD I have on the 30 stocks I have across a number of different portfolios.
I have modified this format, as it was originally a script for a video which I created on the stock. If you prefer to listen – check it out here: https://youtu.be/qsjwU7kkPsw
Some of the market stats (market cap, current multiples, etc.) are correct as of Feb-06, and clearly a little outdated since the price movements.
Not a financial advisor, do your own DD. I am long HITI and have an expectation of a long term hold on this stock.
Overview
  1. Brick and mortar retail – 4 key brands with just under 70 locations in Canada. Brands include: Canna Cabana, New Leaf, Meta Cannabis and Kushbar. Forecast to have around 115 stores by end of 2021
  2. Online retail – has 2 brands, both of which attract millions of viewers per month – Grasscity.com and CBDcity.com
  3. Wholesale – manufacturer of paraphernalia in US and Canada. Number of products are branded with various celebrities, Snoop Dogg, Paramount Pictures, Trailer Park Boys and many more
Investment Merits
Very strong market growth:
  1. The US federal legalization debate is on the table
  2. Many other countries are considering this too and High Tide is well positioned for these; this is catalyzed by the fact that government debt has increased significantly as part of the response to the COVID-19 health crisis. This needs to be repaid somehow, and increasing tax rates on existing taxes is an unpopular political move. Finding new tax revenues is a more palatable way of increasing tax revenues for governments. This is especially important in countries where elections are upcoming.
Regulation
Demand
Strong performance throughout COVID-19 crisis
Data
Forecasts financials & analysts

https://preview.redd.it/9ft3iuw6zmg61.png?width=602&format=png&auto=webp&s=44f5a24a035466bac6e9e72c70eb1edcadf5091d
Valuation
https://preview.redd.it/83j8aqdkzmg61.png?width=342&format=png&auto=webp&s=f06ec34f6de10eeae049710dd59c494f6ef697c9

https://preview.redd.it/1z2ap11mzmg61.png?width=406&format=png&auto=webp&s=775ddc0c9d7e99412dbb4eb1fbbf8ed4645bc235
NB – assumed the following:
  1. Net debt will change in coming year given the capital structure and a large number of convertible notes – this has been ignored given it will have small impact on the price
  2. The share count will change as a result of dilution from various instruments – if this bothers you massively then look at the valuation discount on the basis of the enterprise value as it does not impact this (and only slightly on the market cap given minimal impacts to cash from instrument execution, etc.)
  3. Not accounting for any stock split, consolidation or any other M&A deals
  4. The FY21 financials are on the basis of the mean broker estimates from Thomson Reuters – Seeking Alpha has different and slightly outdated ones
Investment Risks & Mitigants / Outstanding DD points
Exposure to changing regulation
Dilution

https://preview.redd.it/n8dzmapozmg61.png?width=602&format=png&auto=webp&s=12e0e8bbd93f0c5c17920e7a5c5fad2559cc8bf0
Potentially misleading cost basis information
Marketing expenses and celebrity licenses
If you want to check out the video, it would be appreciated: https://youtu.be/qsjwU7kkPsw
submitted by AlexM-YT to TheDailyDD [link] [comments]

Not just another HITI / HITIF post... Serious DD incl. valuation analysis

Not just another HITI / HITIF post... Serious DD incl. valuation analysis
Reposting this DD after it was removed by mods first time around. Potential offending points have been removed.
---
Some of the market stats are a little outdated (market cap, current multiples, etc.) but are correct as of Feb-06. This was originally written for another purpose.
Not a financial advisor, do your own DD. I am long HITI and have an expectation of a long term hold on this stock.
Overview
  • High Tide Canada-based cannabis retail company, operating under multiple brands. It operates under 3 core divisions:
  1. Brick and mortar retail – 4 key brands with just under 70 locations in Canada. Brands include: Canna Cabana, New Leaf, Meta Cannabis and Kushbar. Forecast to have around 115 stores by end of 2021
  2. Online retail – has 2 brands, both of which attract millions of viewers per month – Grasscity.com and CBDcity.com
  3. Wholesale – manufacturer of paraphernalia in US and Canada. Number of products are branded with various celebrities, Snoop Dogg, Paramount Pictures, Trailer Park Boys and many more
  • Has good c-level execs and experienced executive board; hold significant stake in the business. CEO Raj Grover holds just over 21% of the shares
  • Currently has a market cap of around $280m. Still significant upside to the valuation – see analysis later in post
Investment Merits
Very strong market growth:
  • Business has demonstrated growth both organically (through new store openings, more online sales and greater wholesale sales), as well as inorganically through M&A
  • Growth in markets which High Tide has a physical presence in is expected to be very strong. North American cannabis market (Canada and US) is forecast to grow by 30% a year to 2027 (source: research and markets)
  • Analysts covering High Tide are forecasting growth in excess of this, which is positive to see and implies capturing market share
  • New markets / geographies ‘opening up’, legalizing and regulating cannabis is also an exciting and realistic prospect for incremental growth:
  1. The US federal legalization debate is on the table
  2. Many other countries are considering this too and High Tide is well positioned for these; this is catalyzed by the fact that government debt has increased significantly as part of the response to the COVID-19 health crisis. This needs to be repaid somehow, and increasing tax rates on existing taxes is an unpopular political move. Finding new tax revenues is a more palatable way of increasing tax revenues for governments. This is especially important in countries where elections are upcoming.
  • Personally I do expect to see this accelerate the agenda for the regulation and legalization of cannabis in many new countries
  • Whilst predominantly Canada and US based, High Tide does have presence in some markets where cannabis is not regulated or legalized, the UK for example (~10% of Grasscity sales are made here) and so it is well positioned with a strong and established brand to capitalize on this opportunity, when / if the market ‘opens up’
Regulation
  • High Tide benefits from the regulatory focus and overhang on the cannabis retail sector as it represents a strong barrier to entry, making it more challenging for new competitors to enter market
  • Participants in the market need to have licenses and ensure consistent compliance with laws to continue operating – failure to comply can result in significant financial penalties
  • Personally I normally don’t like investing into retail. There are usually fairly limited barriers to entry, minimal differentiation and negligible customer loyalty, however the cannabis market does have different characteristics in this respect and makes it a more compelling proposition
  • Regulation also benefits those with scale, something High Tide has as the leading player in the market. It costs money to obtain and retain licences to operate and it costs money to ensure compliance with all the laws and regulations and that all staff are acting in accordance with these
  • Some parallels in this respect which can be drawn to casino gaming in casinos; you don’t see new casinos popping up at the same rate which you see new restaurants or apparel stores opening
Demand
  • There’s a lot to like about the demand dynamics for High Tide. It’s vice-nature means that demand is less correlated to disposable incomes. Given where we are in economic cycle, especially important consideration
  • For those doubting this, check alcohol, tobacco or gambling expenditure across economic cycles historically, for a proxy
Strong performance throughout COVID-19 crisis
  • Despite heavy weighting towards brick and mortar, (the most hard hit part of retail) it has effectively managed the shift to online, which is a positive
  • Has relied on government support and financial assistance in the form of job retention schemes (address in more detail later in post)
  • This demonstrates management are capable and have effectively navigated the challenging situation
Data
  • Massively summarized from the other purpose, however, they have unique access to supply chain data which could be monetized effectively and generate strong levels of recurring revenues
  • Other established sectors have a trusted party with such unique access to data (e.g. alcohol, lithium, different foods, etc.) and the opportunity here is enormous
  • I would like to see High Tide capitalize on this
Forecasts financials & analysts
  • Currently 2 analysts covering High Tide, both have a buy rating on the business
  • Their coverage is slightly outdated (expect this being updated soon and a further catalyst for positive price action) and their price targets are 60c; at the time their reports were published, they were forecasting a 4x upside (HITI was trading at ~15c)
  • Same analysts also forecasting strong growth - 77% CAGR to 2022. They are forecasting revenues of around $250m and EBITDA of $46m. A reminder here, these are professional analysts, not YouTube students – these come from their financial models, the assumptions of which are discussed with management
https://preview.redd.it/csw4p0vpoxg61.png?width=602&format=png&auto=webp&s=143ac8f94e6fcd4df3d50d41f513da45367f28f1
Valuation
  • Going to go quick here, however, High Tide is currently valued at a significant discount to the other listed peers
  • Looking at EV / FY+1 Sales multiples – EBITDA not meaningful as some of the peer group are EBITDA negative and High Tide itself has only recently become EBITDA positive
https://preview.redd.it/zo0vr7vqoxg61.png?width=262&format=png&auto=webp&s=686be7e82e3fbfb3d7021823ed84f2cf795b49d2
  • Personally, I think Planet13 is the most comparable given its business model
  • Taking both Planet13 multiple and peer group average multiple, this is then applied to High Tide’s forecast FY+1 sales to calculate an enterprise value – this is adjusted for net debt to get to a market capitalization and then divided by the share count to get an implied share price
  • The table below shows the implied stock price valuations from this analysis
https://preview.redd.it/qp6qea1soxg61.png?width=277&format=png&auto=webp&s=3333aa9ea7213961a44bc37e4292bad316872b48
NB – assumed the following:
  1. Net debt will change in coming year given the capital structure and a large number of convertible notes – this has been ignored given it will have small impact on the price
  2. The share count will change as a result of dilution from various instruments – if this bothers you massively then look at the valuation discount on the basis of the enterprise value as it does not impact this (and only slightly on the market cap given minimal impacts to cash from instrument execution, etc.)
  3. Not accounting for any stock split, consolidation or any other M&A deals
  4. The FY21 financials are on the basis of the mean broker estimates from Thomson Reuters – Seeking Alpha has different and slightly outdated ones
Investment Risks & Mitigants / Outstanding DD points
Exposure to changing regulation
  • US is only a small part of the market which High Tide addresses, while a change in regulation would have a big impact on the company, currently it is unlikely this would happen, given the discussions about potential federal legalization
  • Canada regulation is established and not going anywhere
  • Other countries likely to legalize and regulate cannabis, as outlined earlier
Dilution
  • No escaping that there will be some significant dilution for shareholders, as pointed out in the table below, but this should be already priced into the stock
  • Potential that new equity issuances could occur to help finance growth, but provided this growth is delivered, it should be accretive for the stock price
https://preview.redd.it/aaslgozsoxg61.png?width=463&format=png&auto=webp&s=767bffe9d6906bf21340aecd884cfad5ec7219c4
Potentially misleading cost basis information
  • A risk that investors need to be aware with for all companies which have relied on government financial support during COVID-19 measures. Such support has resulted in the number of businesses going bankrupt decreasing massively – this is at a lower level than it ever normally is and is masking some real underlying issues within companies. As investors we need to be open eyed about this
  • As High Tide has benefited from support in the form of the Canada’s Emergency Wage Support scheme, there is the risk that once this is lifted it may become apparent that the cost base has not been effectively managed
  • Personally, I think this is mitigated by the synergy analysis conducted as part of the M&A. A full cost base analysis would have been conducted to calculate the potential $8.4m synergies so strong likelihood that this is under control, but should keep on our radar and reassess
Marketing expenses and celebrity licenses
  • Need more information to ascertain whether these are underpinned by a compelling ROI. Seen a lot of people suggest this is a great positive, but the impact on sales volumes from these is unknown, as is the terms of these license agreements (e.g. split between upfront fee vs. volume-based fee)
  • No escaping the fact that it is an increased cost and so need to understand the ROI this generates to determine whether it really is compelling
  • Is there really more demand to pay a premium for Snoop Dogg bongs, Guns n Roses papers, Cheech & Chong grinders, or whatever they may be?
  • So far management have suggested this has been helpful in driving new sales, but this is something to dig into more
    TLDR
Despite the recent rally in stock price, the business remains undervalued on a relative basis versus its peers (analysis in body of post). There is a compelling investment case for High Tide where in my opinion the merits of the investment outweigh the risks. Clearly given the small cap nature of the stock, this is inherently more volatile than larger blue chip stocks and carries with it a degree of risk.
submitted by AlexM-YT to pennystocks [link] [comments]

Ontario Stage 3 Reopening Megathread

As always this information comes straight from the official Government of Ontario's "Framework for Reopening Our Province". This is not meant to be a complete guide but only some information for a regular person to understand what's open and what isn't. This post will follow a similar format to the Stage 2 post. This post will be updated when new information becomes available, if any is missing please let us know. Please report any inaccuracies.
July 31st Updates:

Am I in Stage 3?.

  • All regions are in Stage 3.

What is remaining closed in Stage 3?

The Chief Medical Officer of Health, public health experts and other officials have advised the following high-risk places and activities are not yet safe to open, due to the likelihood of large crowds congregating, difficulties with physical distancing, or challenges maintaining the proper cleaning and sanitation required to prevent the spread of COVID-19:
  • Amusement parks and water parks
  • Buffet-style food services
  • Dancing at restaurants and bars, other than by performers hired by the establishment following specific requirements
  • Overnight stays at camps for children
  • Private karaoke rooms
  • Prolonged or deliberate contact while playing sports•Saunas, steam rooms, bath houses and oxygen bars
  • Table games at casinos and gaming establishments.

What are the new gathering limits?

Based on the advice of the Chief Medical Officer of Health and public health experts, gathering limits for regions in Stage 3 will increase. The gathering limit of 10 people indoors or outdoors will continue to apply for regions in Stage 2 until they enter Stage 3. Social circles should continue to be kept at 10 people province-wide, regardless of stage.
  • Indoor gathering limits will increase to a maximum of 50 people
  • Outdoor gathering limits will increase to a maximum of 100 people.
  • In all cases, individuals are required to continue to maintain physical distancing of at least two metres with people from outside their households or social circles.
  • All businesses, services and public spaces when hosting an event are subject to indoor or outdoor gathering limits and ensuring physical distancing can be maintained.
  • People at their place of work, including performers and crews, do not count towards gathering limits.
  • People gathering indoors for religious services, rites or ceremonies, and wedding ceremonies or funeral services, can continue to fill up to 30 per cent of the capacity of the particular room, as introduced in Stage 2.

When Do Gathering Limits Apply?

Based on the advice of the Chief Medical Officer of Health and other public health experts, gathering limits apply to higher risk settings and activities where people congregate, including:
  • All organized or spontaneous indoor and outdoor events and social gatherings(e.g., parties, fundraisers, fairs, wedding receptions, funeral receptions)
  • Casinos, bingo halls and gaming establishments
  • Concerts and live shows, including performing arts
  • Convention centres and other meeting or event spaces
  • Recreational attractions, courses and instruction (e.g., fitness classes, music lessons,tutoring)
  • Festivals
  • Facilities for sports and recreational fitness activities (e.g., gyms, fitness studios)
  • movie theatres
  • Sporting and racing events
  • Real estate open houses
  • Tour and guide services (including boat tours)
Now for some additional restrictions

Amusement Parks and Water Parks

Amusement parks and water parks are not yet permitted to open in Stage 3

Casinos and Charitable Gaming Establishments

  • Table games must remain closed.
  • Casinos and charitable gaming establishments are subject to gathering limits and physical distancing measures, which apply to the entire facility.

Convention Centres, Meeting and Event Spaces

  • Convention centres, meeting and event spaces are subject to physical distancing measures and gathering limits, which apply to the entire facility

Facilities for Sports and Recreational Fitness Activities

Examples of facilities for sports and recreational fitness activities include gyms, fitness studios, and community centres.
  • Physical distancing must be maintained, except if playing a team sport or as needed for personal training.
  • The total number of people permitted in areas containing weights or exercise machines is limited to the number of people that can maintain physical distancing of at least two metres, whichcannot exceed the indoor gathering limit of 50 people.
  • The total number people permitted in classes or organized activities at any one time is limited to the number of people that can maintain physical distancing of at least two metres, and cannot exceed the indoor gathering limit of 50 people or the outdoor limit of 100.
  • Assigned spaces are strongly recommended for organized fitness classes (e.g., by marking circles on the floor to designate where each person should exercise)
  • Gathering limits do not apply in all other areas (e.g., pools, tennis courts and rinks).
  • Equipment must be cleaned and disinfected between user sets or at the end of a game.
  • Any washrooms, locker rooms, change rooms, showers or similar amenities made available to the public must be cleaned and disinfected frequently.
  • Steam rooms and saunas are not yet permitted to open.

Fitting Rooms

  • All fitting rooms may reopen, as long as patrons are not permitted to occupy adjacent fitting room stalls at any one time.
  • Cleaning and disinfection between fitting room customers should continue

Interactive Exhibits at Museums, Attractions and Heritage Institutions

  • In addition to the exhibits opened in Stage 2, high-contact surfaces such as interactive exhibits and displays may open. They must be cleaned and disinfected frequently
  • All special events, instructional classes and performances at these locations are subject to gathering limits and physical distancing measures.

Libraries

  • In addition to the services resumed in Stage 2, libraries may reopen for all on-site services, as long as materials that are circulated, returned or accessed within the library are disinfected or quarantined before being recirculated.

Live Shows, Performing Arts and Movie Theatres

Concerts, artistic events, theatrical productions, performances, and movie theatres may resume operations, including rehearsals, with the following restrictions
  • Performers must maintain physical distancing of two metres from every other person,except from other performers where necessary for purposes of the performance.
  • Audiences are subject to the number of people that can maintain physical distancing of at least two metres and cannot exceed gathering limits of 50 indoors and 100 outdoors.This applies to the entire facility, regardless of the number of theatres or performance stages within the facility
  • Performers and staff are not included in the gathering limits.
  • Plexiglass or some other impermeable barrier is required between the audience and singers as well as players of brass or wind instruments
  • Drive-in and drive-through venues, as permitted in Stage 2, are not subject to gathering limits
  • Concessions stands at drive-through venues may be accessed in-person or by drive-through or delivery to vehicles

Personal Care Services

  • In addition to the services permitted in Stage 2, all services that tend to a customer’s face are permitted (e.g., facials, ear piercing, eyebrow grooming and eyelash extensions).
  • Patrons must wear face coverings except while receiving services on an area of their face that would otherwise be covered by a face covering.
  • Personal care services must take measures to enable physical distancing between patrons, such as limiting the number of people who may be in the business at any one time.
  • Businesses should also consider recording each patron’s name and contact information to support effective contact tracing in case of an outbreak.
  • Oxygen bars, bath houses, steam rooms and saunas are not yet permitted to open.

Playgrounds and Play Structures

  • Outdoor playgrounds and play structures are permitted to reopen in Stage 3.
  • Physical distancing of at least two metres must be in place at all indoor playgrounds and play structures, except between individuals from the same household or social circle

Recreational Courses and Instruction

Examples of recreational courses and instruction include music lessons, language classes, tutoring and art classes.
  • All instructional classes are subject to gathering limits.
  • Physical distancing must be in place for participants, other than when necessary for instruction. Face coverings are recommended in those situations
  • Equipment must be cleaned and disinfected frequently
  • Plexiglass or some other impermeable barrier and physical distancing are required for any instruction that involves singing or playing wind or brass instruments

Recreational Attractions and Businesses

  • Examples of indoor recreational facilities and attractions include arcade rooms, escape rooms, bowling alleys, and pool halls.
  • Physical distancing of at least two metres must be in place.
  • Equipment must be cleaned and disinfected frequently.
  • Karaoke is permitted only outside of private karaoke rooms, which are not yet able to open in Stage 3, with restrictions including barriers, physical distancing and increased cleaning and disinfecting.

Restaurants, Bars and Nightclubs

  • All restaurants, bars, concession stands,and other food and drink establishments may open for indoor dine-in.
  • Nightclubs are not yet safe to open, except for the purpose of serving food or drinks to patrons in accordance with the conditions that apply to restaurants and bars
  • All patrons must be seated when eating or drinking at the establishment.
  • Establishments must take appropriate measures to ensure physical distancing of at least two metres between patrons from different tables, unless separated by plexiglass or some other impermeable barrier
  • Buffet-style service is not yet permitted in Stage 3.
  • Singing or music may be performed by a person or group at the restaurant or bar, with restrictions, including barriers between the performers and patrons and physical distancing. Dancing may only be performed by someone working at the establishment with restrictions
  • Karaoke is permitted only outside of private karaoke rooms, which are not yet permitted to open in Stage 3, with restrictions including barriers, physical distancing and increased cleaning and disinfecting.
  • Physical distancing of two metres between patrons from different households or social circles also continues to apply to food trucks, food courts, concession stands and tours, including tastings at wineries, breweries and distilleries.

Team Sports and Live Sporting Events

  • Prolonged or deliberate contact while playing sports is not permitted.
  • Team sports in which body contact between players is either an integral component of the sport or commonly occurs while engaged in the sport (e.g., wrestling, judo) are not yet permitted, unless the approach can be modified to prevent prolonged or deliberate physical contact
  • Amateur and recreational sports leagues may resume so long as they do not allow prolonged or deliberate physical contact between players or if they have modifications to avoid physical contact between players.
  • Leagues must contain no more than 50 participants total. If participants in a leagueexceed 50, the league may divide into smaller groups of no more than 50. Players are not yet permitted to play against players outside of their league or group.
  • Spectators at all sporting events, including professional sports, will be subject to gathering limits and physical distancing measures, with assigned seating where possible

Tour and Guide Services

  • For tour and guide services, including boat tours, the number of patrons is subject to gathering limits.
  • Physical distancing of at least two metres must be maintained between all individuals, except for those from the same household or social circle.
  • The outdoor gathering limit of 100 applies if patrons will be outside for the duration of the tour except to access washrooms, in transit to an outdoor area, or for health and safety reasons.
  • As with other gatherings and events, the indoor gathering limit of 50 applies if the gathering is fully or partially indoors.

Beyond Stage 3

The health and well-being of the people of Ontario will continue to guide every step of the government’s response to COVID-19. The success of Stage 3 will be critical for Ontario’s long-term economic recovery. As more businesses and activities reopen, the Chief Medical Officer of Health and public health officials will continue to closely monitor the evolving situation to advise when more regions can enter Stage 3, if public health restrictions can be further eased, or if they need to be tightened or reapplied.
With almost all businesses and public spaces reopening in Stage 3, Ontario has put enhanced case and contact management in place to quickly test, trace and isolate cases of COVID-19 to prepare for any future outbreaks, surges or waves. Just as important, people must continue to follow public health advice and workplace safety guidelines to keep each other safe. This is about treating each other with respect and taking personal responsibility, so that we can successfully beat COVID-19 and get on the path to a strong recovery.
The COVID-19 pandemic has affected everyone. As more of the province safely and gradually reopens, people are encouraged to support small businesses in their communities, shop local and look for products that are Ontario made. We are all in this together, and together we will emerge stronger than ever before.
The Ontario Spirit will continue to carry us forward as we work towards recovery and begin building a brighter and more prosperous future for every family, in every region of our province.
submitted by uarentme to ontario [link] [comments]

As Wellington-Dufferin-Guelph region moves into the red zone CONTROL restriction on Monday December 14th, we wish every one of you to stay safe and healthy.

Directly copied and pasted from COVID-19 regional public health measures and restrictions website.


Stringent measures: Broader-scale actions and restrictions across multiple sectors to control the spread. Restrictions are the most severe available before widescale business or organizational closings.

Always stay home if you have symptoms, physically distance by staying two metres apart from people you don’t live with, wear a mask or face covering in indoor public spaces and avoid non-essential travel.
_____________________________________________________________
Gatherings and close contact

Limit close contact to your household (the people you live with) and stay at least 2 metres apart from everyone else.
Do not visit any other household or allow visitors in your home. If you live alone, you can have close contact with only one other household.

All events and social gatherings:

Religious, wedding and funeral services:

Only go out for essential reasons, such as:
Work remotely, where possible.
_____________________________________________________________

Rules for all businesses

All open businesses must:

Restaurants, bars and other food and drink establishments

Capacity limits:

Guests must:

Not allowed:

Time restrictions:

Sports and recreational fitness facilities

Capacity limits:


Team sports:

Everyone must:

Time restrictions:

Meeting and event spaces

Capacity limits:

Not allowed:

Guests must:

Time restrictions:

Stores

Capacity limits:

Fitting rooms cannot be right next to each other.

Guests must:

Personal care services

Closed:

Guests must:

Not allowed:

Casinos, bingo halls and gaming establishments

Capacity limits:

Not allowed:

Guests must:

Time restrictions:

_____________________________________________________________

Cinemas
Closed (with some exceptions)
Only drive-ins allowed.
_____________________________________________________________

Performing arts facilities
No audiences allowed.
Rehearsing, recording or broadcasting an event or performance is allowed (for example, streaming a performance to an online audience).
Everyone must stay 2 metres away from each other, except when needed for the performance.
There must be a barrier (for example, plexiglass) between singers and wind- or brass-instrument players and other performers.
submitted by sugarmaid to Elora [link] [comments]

Expanding on the Review Journal article about The Cosmopolitan

Throwaway for obvious reasons.
You all may have seen the review journal article about The Cosmopolitan. If not here it is:
https://www.reviewjournal.com/business/casinos-gaming/cosmopolitan-workers-say-resort-isnt-disclosing-spread-of-coronavirus-among-employees-2064206/

This article is mostly about dealers/table games. One thing the article doesn't really mention is that at this point, practically an entire shift of dealers has tested positive and are out of work. Other shifts are working 12 hour days to help cover.
But I wanted to discuss other areas of the resort.
Just prior to re-opening, staff were sent emails with documents regarding safety procedures that would be in-place. Things like temperatures checks for staff AND guests. Masks would be issued to staff daily. All lines would be marked for social distancing (front desk, concierge, cashier, player's club). There would be regularly cleaning of all surfaces touched by guests and staff.
We are nearly a month in to reopening, and none of these are in place except for temperature checking of staff.
One of the temperature check machines was broken for several days, reading staff at temperatures below 95 degrees. Security would just shrug and wave people through. Who knows how many employees were permitted to enter while possibly sick/contagious.
There is no social distancing marked out anywhere. Because it's not "on-brand". It's not luxury to have markings on the floor telling guests where to stand. There are signs asking guests to "try" and maintain social distancing but the guests don't care in the slightest. And when staff try to engage the guests, they are met with hostility and anger.
Instead of being issued a mask daily, staff have been issued cloth masks which we have been told are good for 30 days and that we must wash it at home.
There are still zero temperature checks for guests except when checking in at the front desk. There is zero mask enforcement for guests entering from the strip. It is being left to the staff working the floor at the Cashier, tables, player's club, bars, restaurants, front desk, etc.
There was no mask requirement for tables games in place at opening and there were zero barriers at any table games. Once the NGCB initiated a mask requirement for table games, barriers began being installed within HOURS. Which means we had them, but chose not to install them because it doesn't look pretty. It's not luxurious or on brand to have safety measures in place.
Management do not wear masks back of house at all even though there are signs everywhere stating masks must be worn at all times.
This company is putting profits over people in all phases. There is zero concern for the safety of staff.
There is zero fore-thought in anything.
There is also zero communication from the CEO or anyone in upper management regarding our safety. In fact, the CEO Bill McBeath has put out a statement regarding BLM but has not communicated once with the staff regarding Covid or the safety of staff. That includes prior to and during the shut down. Not a word from Bill McBeath. Maybe he's pretty busy sucking up to Blackstone, who knows.
We find out everything from the news. Internally, the company has not acknowledged any positive cases at all. Any discussions are shut down by management and we are told to stop spreading rumors.
When staff try to address anything, we are met with a copy/paste response of "We are following the governor's guidelines and bla bla bla CDC bla bla bla.
Like maybe do MORE for your staff. Maybe go out of your way to show you care.
Maybe live up to the "core values" of the company. The four C's.
Compassion. Conscience. Community. Courage.
Because over the last 4 months, you have flushed all four down the toilet and show no signs of caring any time soon.
edit: Mods if you need any verification let me know.
edit2: Wow, didn't expect this much positive feedback for this post honestly. Thanks everyone. Thanks for the gold too, but if anyone else is considering gilding this post, please instead donate to a charity. Anything you care about would be great. If you're not sure, St. Jude is always a no brainer.
submitted by Cosmothrowaway1187 to vegas [link] [comments]

How to get a fake id

How to get a fake id

Exactly where do teenagers use fake IDs?

Teenager wants to turn 21 to have a beer or even a dance within the dance clubs. It's important to wait until the legal age for these items. You may obtain a false ID in this case. They would allow you to shield your confidentiality and privacy to a fantastic degree. Regardless of many legal implications connected with false IDs, you are going to get several perks of this ID. Be sure you pick one of several major How to get a fake id in 2020 to have a credible fake ID.
Traveling alone
If you'd like to fly by yourself, it's essential to be 18 years or older. Age limits can make irritating barriers within a selection of conditions. From hiring a automobile to booking accommodation, you will need to make evidence of one's age like a fakedriverslicense.

https://preview.redd.it/3sgxnbz6aly51.jpg?width=700&format=pjpg&auto=webp&s=756aa024b423606d9a316f2e70616d1868d51ed3
Get the ideal to drink alcohol
The first cause a teen tries to buy a false signifies of identity is the fact that they'd prefer to sample the Irish beer. In case you are longing for the finest cocktails and beers and fond of locating solace in the nightlife of casinos and packed gigs, so it's among the most normally considered excuses to avail a false ID. If you are not 21, it is additional likely that you simply won't get a ticket to any of your best joints inside your area.
With these IDs, you're going to possess the appropriate to drink alcohol. Rather handful of countries about the globe have stringent age limits on liquor use. A false ID can help you get a drink as you'd like. So, as an alternative to robbing oneself of these fun leisure experiences, teens are going on-line and purchasing false documents to provide themselves an opportunity to fool the restaurant ID search the staff or the Bouncers at the bar so to get in.
Era of Exploring
Youth is now becoming a party lover. If you're not 21, you cannot program a club night. Various night clubs and arenas have a certain age restriction on entry. Having a fake id, you happen to be going to become in a position to get instant access to these events.
Note, generally security appointed including club bouncers will detect a distinction. For this trigger, prevent working with fake IDs in foreign nations.
Tattoos and piercings is often subject to age limits. You may also use this ID card to watch gigs, plays, films, and so on.
submitted by Fakeidmaker to u/Fakeidmaker [link] [comments]

Accessing all the Vancouver Bridges

Update notes: finished adding all the bridges, added a link to photos. I will try to format everything to be a bit nicer and/or make a copy at another location that allows for easienicer formatting.
As requested by raleighspritely in the other bridges thread, this post is intended to help generally newer riders figure out specifically how to get onto each bridge in each direction, where all most of the exit options go and any other weirdnesses each bridge may have.
I'll assume you know roughly where you are and roughly how to get to each bridge. Some are easy to find the entrances for (Burrard), some are weird (Cambie, southbound) and some have entrances a long way from where the cars access (Golden Ears) so if they're super weird I'll try and give you more specifics.
Photos from the day showing most of the bridges: https://imgur.com/a/RvTUs0V (missing: 2nd Narrows, KSB, Canada Line, Arthur Liang)
And now to talking about crossing bridges!
Granville - follow the instructions for Burrard or Cambie
If you insist on using the GSB (don't) SB access is easiest via Howe St and NB access at 5th & Granville
Burrard
Easiest to get onto IMO as the access is right at the ends of the bridge
Cambie
Going southbound on Cambie is super weird to get to unless you're already on Nelson St
Lion's Gate
North Bound:
South Bound:
Second Narrows/IronworkersThis is one of the weirdest/awkwardest, particularly at the north end
North Bound:
South Bound
Access is here basically across from Phibbs. Many ways to get to it, but you've gotta get to that spot to go south.
Exiting: takes you down through the trees, watch for the pair of switchbacks. You'll end up at the bottom of Skeena St.
Arthur Laing
I regard this as an "experts only" type bridge that I wouldn't recommend to anyone not comfortable with riding in fairly close proximity to cars. There's no separated lane and just a narrow shoulder. That said, I don't feel unsafe on this bridge for some reason, but that might just be from riding it a bunch and being used to riding next to cars. Anyways, onto how to get on/off:
Southbound: access is via the car ramp at where Marine & Granville all come together in a 6 lane clusterfuck that was meant to be the highway through Vancouver. Normally I access coming off NW Marine, onto the clusterfuck, pick up speed down the hill and (with a lot of shoulder checking) get across the right most lane onto the ramp. Go up the ramp and stick to the right.
Exiting: things get dicey/exciting. You'll be crossing roads at speed so be shoulder checking.
North Bound: you can either access off the paths off Airport Rd here or by riding north along Russ Baker Way and basically sticking right and following the signs to Vancouver.
Exiting: again a bit dicey with some potential lane crossing
Pitt River
This is one of the nicest crossings. All the recently built (or updated) bridges are really, really nice once you're on the deck (Pitt River, Port Mann, Golden Ears + Ironworkers post update).
The cycle/pedestrian lane is on the north side of the span and is nice and wide. Access on the west end requires crossing Belfast Ave/Fremont Connector that loops under the bridge. Since access is all for the one side crossing my instructions are written for West->East travel but basically just do them in reverse for East->West.
Coming from NW (Trabouley Poco Trail/Deboville Slough), you do a couple zigzags and hairpins and crossing Belfast St but you can see your target the whole time so this bridge is honestly one of the easiest to get onto.
Coming from the SW, you go under the bridge parallel to the Fremont Connector then see the access to your left. If you were to keep going on the path instead you'd eventually end up at Deboville Slough.
East end of the bridge drops you in Pitt Meadows. As you exit (eastbound) you can immediately do 180deg turn left to get onto the trails. Another left at the river to go south, north and you can make your way out to Pitt Lake on the trails. To access the trail parallel to, and on the south side of, Lougheed Highway take the left at the river then left again at Ferryslip Rd.
If you go straight Old Dewdney Trunk Rd is a pretty nice ride towards Maple Ridge.
Golden Ears
Alright, this one is possibly the most difficult unless you know exactly where to go, partly because they're a long way along the bridge from where cars access. The Southbound Access is at 113B & Airport Way (Maple Ridge/Pitt Meadows). The northbound access is at 100A Ave & 201St (Langley)
Southbound
Northbound
Access is at 100A Ave & 201St. You go up the multilevel round ramp. Your exit will basically be the aforementioned 113B roundabout, you can go straight through it to get onto Maple Meadows Way towards the mall, right will change into 203St as it turns north or go left and west towards the airport.
Canada Line Bridge
This one is on the side of the Canada Line bridge section between Marine & Cambie Station & Bridgeport Station.
North connection is on Kent Ave S @ Cambie. However you have to go east from Kent Ave N & Cambie to turn south to get onto Kent Ave S and access the ramp. If you're coming down Cambie, hang a right on Kent Ave N.
South Connection is at River Road and Van Horne Way.
If you're going North then east, my recommendation is take Cambie north, then cut east at 59th. Kent Ave N between Cambie and Ontario sucks butt and cars are frequently impatient assholes on that section (it's also rough, needs a repave and has a lot of rail tracks).
If you're going north then west you can go west on Kent Ave N and then right on Heather before climbing a bit and taking the westbound route of your choice.
If you're just going north then Cambie, Ontario & Heather are all pretty good choices with Ontario & Heather being quieter. I can't remember how all of Heather's crossings are since I haven't ridden it past 59th in years.
If you're going South, you can go:
Formatting is becoming a pain because this is getting long. Sorry!
Port Mann
This one is like the Pitt River Bridge in that the pedestrian/bike path is only on the north/east side of the bridge deck.
West access is where the Port Mann passes over United Boulevard and where Unite intersects the Mary Hill Bypass offramps. If you're coming off the bridge you can go south/west on United and eventually work your way over towards Braid Station. If you go east on the Mary Hill Bypass you can connect to the Traboulay PoCo trail, Argue St and work your way up to the Pitt River bridge. There's also a mess of trails in and around Colony Farm but you're on your own for that :)
East access is a ways up a pretty decent hill at 152st/112Ave by Dogwood Campgrounds. If you're going north/west, the signage is good. Just don't take the overpass over the highway. How you get to 152/112...up to you. It's a big grid!
Alex Fraser
Ok, this one is another bit of a mess in terms of access. I don't think this one is technically unidirectional like the others, but I recommend riding the same way as cars are travelling and this guide will be based on that. Careful on the deck, there's a bunch of spots where you have to dodge the bases of signs and other spots where the path just shifts left/right.
Southbound:
You've made it over the Queensborough or come in from Richmond. You've made it onto the Annacis Channel bridge and are approaching Annacis island. You'll see a bus-stop on an island, you want to get there (if not busy, drop the curb & cut across, otherwise there's a crosswalk to use), take the crosswalk that goes parallel to the bus-only section of intersection, onto the sidewalk on the far-far side and then left and you'll see the path onto the bridge. You'll get dropped off with the choice of left or right. Left takes you towards HWY17, River Rd which are the two options for getting to the ferry (take River, it's quieter and only marginally slower). Right will take you under the bridge, and after you go past Planet Ice you can go left towards River Rd east, right-then-right to get onto Nordel north/east or just right for the Delta-South Surrey Greenway.
If you're trying to get to South Surrey, go as if you're going up Nordel, get over the overpass, then take the trail that cuts back to the right. This is the North Delta Greenway and is superior to the DSS Greenway in basically every way including being WAY smoother (I ride it on my carbon road bike on 25mm tires).
North Bound:
Starting from Planet Ice, take the path up onto the bridge, ride across, question why you're out here and didn't just take the Massey Shuttle to get home faster...
At the north end of the bridge, you'll end up next to the Annacis exit ramp. At the end of it, you want to take the small crosswalk onto the island with the bus stop, across Cliveden ave onto the island on the far side, then across another little crosswalk onto the path and hang a left. Stick to this path, you'll go back over the Annacis Channel and find yourself at a zig-zagging ramp. At the bottom of that you have the options of:hard right: path through to Hamilton Highway Park where you can take an overpass towards River Rd
left then right: onto Boundary Rd then Dyke rd, you can use this to get over towards Westminster Highway via Fraserwood Way.
left then left (generally recommended): take Boundary Rd north. At Boundary & Boyd you can go right to the Queensborough or left onto Westminster Hwy which you can use to get all the way to Richmond or to connect to River Rd
Queensborough
because New West is at a 45deg angle I'll be using "up/down and top/bottom" for this bridge because it's effectively a hill. Top is 22nd St station end, bottom is Queensborough Landing.
The top connection is just below 22nd St Station. If you're coming from 22nd St station just take the bridge down, it'll drop you on Boyd St. Left takes you to QB Landing. Right takes you to...not a lot. It's narrow, you'll probably have to slow down a bunch as you pass people.
If you're coming from Market Crossing area or New West (both via Marine Dr) I recommend taking the "up" side of the bridge down because it has about 1% of the traffic the "down" side does.
To get to it, the access is the ramp on the "cars up" side of the bridge. Otherwise, you can use the ramp on the "cars down" side to connect to the "down" side.
Either way as you're going down, watch for the hairpins at the bottom!
If you're going up and heading to downtown New West take the "up" side. Head east along Marine/Stewardson. You can eventually head right down a side street to get to S&O because that's why you're in New West right? If not, you're at S&O now. Best way to get through to the rest of downtown is via the Quay.
If you're going up and heading to anywhere else take the "down" side and go all the way to 22nd St Station. Right and past the station connects to 7th Ave across New West. Left you can use to get onto both Marine Dr or Marine Way to go west to Market Crossing, Big Bend, Glenlyon, River District. Straight turns into the BC Parkway and travels under the skytrain past Edmonds, Royal Oak, Metrotown stations.
Knight St
Recommendation: if you can, keep going west and take the Canada Line Bridge. This bridge was NOT intended for cyclists at all as you're about to learn and this section may get a little rant-y.
Northbound:
Southbound (I haven't gone SB on this bridge in a long time)
Access is via the onramp at Inverness & Marine. If crossing SB on Inverness watch for cars not understanding how stoplights work and driving into the intersection.
Take the on-ramp, hop onto the sidewalk.
First exit is Mitchell Island, get across the island. Get back onto the sidewalk.
Second exit is Bridgeport and provided you take that off-ramp you'll end on a sidewalk on Bridgeport pointed west. First intersection will be Sweden Way, turn left for IKEA, right takes you up to Vulcan Way which can be used to connect to River, No5 & No6 Rds.
Opinion: the KSB needs a cycling infrastructure update more than the GSB. The GSB is bad, but at least Cambie and Burrard are basically adjacent.
Oak St Bridge
Disclaimer: I have ridden across this bridge exactly once, only north bound on the southbound side. I will provide links to where I think the access to the NB path is, but I can't guarantee it.
This accesses I used for this bridge are near enough to the Canada Line Bridge so I would recommend just using that. Also the access Oak St Bridge are all off bigger roads so just awkward to get to.
The north end of the SB path is a crosswalk between 71st Ave & 72nd Ave on Oak St. ( https://www.google.com/maps/place/49%C2%B012'22.1%22N+123%C2%B007'49.4%22W/@49.2061485,-123.1325803,765m/data=!3m2!1e3!4b1!4m6!3m5!1s0x0:0x0!7e2!8m2!3d49.2061446!4d-123.1303973 )
The south end of the SB path is at the southeast end of the Shanghai Wonderful restaurant parking lot. https://www.google.com/maps/place/49%C2%B011'30.5%22N+123%C2%B007'10.7%22W/@49.1918179,-123.1201938,191m/data=!3m2!1e3!4b1!4m6!3m5!1s0x0:0x0!7e2!8m2!3d49.1918174!4d-123.1196477
I *think* the south end of the NB path is here: https://www.google.com/maps/place/49%C2%B011'25.0%22N+123%C2%B006'55.9%22W/@49.1902744,-123.1163805,382m/data=!3m2!1e3!4b1!4m6!3m5!1s0x0:0x0!7e2!8m2!3d49.1902728!4d-123.1155145
I don't know how to get there.
I think the north end of the NB path is effectively the intersection of SW Marine @ Shaughnessy St. https://www.google.com/maps/place/49%C2%B012'17.7%22N+123%C2%B007'45.5%22W/@49.2047843,-123.1293076,104m/data=!3m1!1e3!4m6!3m5!1s0x0:0x0!7e2!8m2!3d49.2049204!4d-123.1293171
Once you're on the bridge it's just ride along until you're at the other end. The surface is weird concrete sections that have all gone a bit convex so it's a weird kinda bumpy ride.
rest to be continued later including: Pitt River, Golden Ears, Port Mann, Alex Fraser, Queensborough, Knight St, Canada Line, Oak St and Arthur Laing. If you need to go between New West and Surrey I recommend just taking the Skytrain.
submitted by unclebumblebutt to vancouvercycling [link] [comments]

Covid-19 Update for June 19: 46 new cases, 0 deaths

Data is taken from the Covid-19 portal and today's media appearance by Dr Deena Hinshaw. The next media availability by Dr Hinshaw will be Monday Tuesday.
Top line numbers:
Spatial distributions (cities proper for Calgary and Edmonton):
Spacial distribution of hospital usage (change based on yesterday's post):
Statements by Dr Hinshaw:
Additional information will be logged below:
Update 1 - Monday -> Tuesday for next media update.
Also noted that response to NHL player Covid spread would likely be case dependent.
Update 2 - Trying to make the statements by Dr Hinshaw a little more readable...a bit too long and text heavy at the moment.
submitted by kirant to alberta [link] [comments]

Lost in the Sauce: March 8 - 14

Welcome to Lost in the Sauce, keeping you caught up on political and legal news that often gets buried in distractions and theater. House-keeping:
  1. How to read: Since the coronavirus was the one big story last week, I’m going to do away with the “Main Course” division this week - these are all “sides” in the sense that I have a feeling many people missed these developments.
  2. How to support: If you enjoy my work, please consider becoming a patron. I do this to keep track and will never hide behind a paywall, but these projects take a lot of time and effort to create. Even a couple of dollars a month helps. Since someone asked a few weeks ago (thank you!), here's a PayPal option
  3. How to get notifications: If you’d like to be added to my newsletter, use this SIGNUP FORM and you’ll get these recaps in your inbox!
Let’s dig in!
Since the coronavirus was the one big story last week, I’m going to do away with the “Main Course” division this week - these are all “sides” in the sense that I have a feeling many people missed these developments.

Biden-probe subpoena

Senate Homeland Security Committee Chairman Ron Johnson (R-WI) canceled a planned vote to issue a subpoena in its investigation into Hunter Biden and his work in Ukraine. Johnson informed the committee that instead of subpoenaing former consultant Andrii Telizhenko, he will issue a subpoena to the Democratic public relations firm he worked for: Blue Star Strategies.
Although Johnson said the subpoena vote was canceled to give senators time to “receive additional briefings,” a Ukrainian source (Chief editor of The Odessa Review Vladislav Davidzon) told CNN that the subject of the subpoena, Telizhenko, offered him cash to lobby Republican politicians to speak out against Ukraine’s anti-corruption efforts - specifically Ukrainian lawmaker’s attempts to censure two media networks for “broadcasting Russian propaganda.”
In October 2018, the same month that lawmakers voted in favor of a resolution to sanction the two stations, Telizhenko wrote to Davidzon, asking: "Have a question do you or your father have contacts with US Senators? I really need a favour for witch (sic) I can pay up to 5k."
...After expressing concerns about how the new Ukrainian proposals could shut the broadcasters down, Telizhenko then says: “My question is is it possible to get an official comment on a Senators (Rand Paul, Lindsey Graham for example) website next week about this situation of censorship in Ukraine? Really important for me and need fast.”
Ranking member on the committee, Sen. Gary Peters, opposed subpoenaing Telizhenko because he warned that the investigation could be tainted by Russian disinformation. The revelation that Telizhenko has indeed worked for Russian interests seems to substantiate his concerns.

Politicizing intelligence

The Office of the Director of National Intelligence provided its first briefing to Congress since the previous DNI, Joseph Maguire, was fired by Trump for allowing his aide to tell Congress that Russia was acting to boost his re-election chances. The current acting-DNI, Ric Grenell, backed out of briefing Congress himself, reportedly because he did not want to discuss issues that make President Trump angry. Instead, his office was represented by William Evanina, the top counterintelligence official at the ODNI.
The latest briefing provided information contradictory to Maguire’s briefing, confusing and frustrating House members. Grenell’s office told Congress that the Kremlin is not “directly aiding any candidate’s re-election or any other candidates’ election.” House Speaker Nancy Pelosi and House Majority Leader Steny Hoyer reportedly confronted the ODNI officials, accusing them of politicizing critical intelligence and providing insufficient and contradictory information about Russia’s interference.

Russia ramps up interference

While the Trump administration continues to hide and spin intelligence, the media reports that Russia continues to interfere in the U.S. political system. According to seven current officials, the Kremlin is increasing efforts to inflame racial tensions in America as part of its ongoing operation to influence the November elections.
...Now, Russia is also trying to influence white supremacist groups, the officials said; they gave few details, but one official said federal investigators are examining how at least one neo-Nazi organization with ties to Russia is funded. Other Russian efforts, which American intelligence agencies have tracked, involve simply prodding white nationalists to more aggressively spread hate messages and amplifying their invective. Russian operatives are also trying to push black extremist groups toward violence...
Last week, Facebook and Twitter announced they had discovered a Russian-led network of professional trolls outsourced to operatives in Ghana and Nigeria. The network’s 71 Twitter accounts, 49 Facebook accounts, and 85 Instagram accounts were removed.
“These 71 removed accounts, operating out of Ghana and Nigeria and which we can reliably associate with Russia, attempted to sow discord by engaging in conversations about social issues, like race and civil rights,” said Twitter’s safety team in a statement.
Senate Democrats, including Minority Leader Chuck Schumer, sent a letter requesting that the EU introduce additional sanctions against “Putin’s Chef” Yevgeny Prighozin to deter him and the Kremlin from interfering in elections this year.
“As the presidential election in the United States draws closer, our concerns about foreign interference have intensified...The U.S. and European Union should be unified in facing this common threat and take concrete measures to isolate this malign actor and his affiliated firms. This includes sanctions, but also a joint diplomatic approach to urge that countries avoid engaging with Mr. Prigozhin, Wagner and any other organization associated with him."

Purge continues

Acting-DNI Ric Grenell imposed a hiring freeze at the ODNI starting last week, ordering a review of the agency’s personnel and mission:
Some current and former officials said they saw the effort as an attempt to oust intelligence officers who disagreed politically with Mr. Trump. Those officials questioned why Mr. Grenell, in the job temporarily, would undertake a large-scale reorganization, particularly one that previous directors had considered but put aside…Kashyap Patel, an aide in the director’s office who was transferred last month from the White House [and former aide to Representative Devin Nunes], is involved in the review…
The White House is also holding up the nomination of Kathryn Wheelbarger for one of the Pentagon’s top intelligence jobs because she is not considered sufficiently loyal to Trump. Wheelbarger, who has been serving as acting assistant secretary of Defense for international security affairs since November 2018, is nominated to become the deputy undersecretary of Defense for intelligence.
The post that Wheelbarger would fill is one of 21 senior positions at the Pentagon that are empty or filled on a temporary basis, a record high for the Trump administration.
In the middle of a global pandemic, one of the lead response agencies is losing its chief: Mark Green is set to resign from the U.S. Agency for International Development at the end of the month. Green will be replaced by USAID Deputy Administrator Bonnie Glick, a Trump loyalist.

FEC nominee confirmation

Last Tuesday, the Senate held a confirmation hearing for Trump’s nominee to the Federal Election Commission, James “Trey” Trainor. It’s been over two years since Trainor was first nominated to fill the seat left empty by Republican Commissioner Lee Goodman in 2018. Then, last year, the commission’s vice chairman, Matthew Petersen, resigned, leaving only three members in place. The FEC needs a minimum of four members to take actions like investigating campaign finance violations, enforcing rules, and issuing fines.
Trainor is a controversial nominee with a history of advancing partisan gerrymandering and past work for Trump. After the Supreme Court invalidated a key part of the Voting Rights Act, Trainor worked with gerrymandering expert and Republican strategist Thomas Hofeller to successfully implement redistricting maps in Texas that were previously ruled to be discriminatory. Senate Minority Leader Chuck Schumer said the following at Tuesday’s hearing:
“He has worked closely with Thomas Hofeller, notorious for masterminding Republican gerrymandering schemes, to redraw maps that significantly disenfranchise minority voters at the local level. Mr. Trainor’s former law firm described him as being ‘intimately involved’ in Texas’s 2003 redistricting, which the Supreme Court deemed in violation of the Voting Rights Act. Mr. Trainor has argued the Voting Rights Act has become a political tool.”
Schumer also quoted Trainor as saying in 2017 that political donations should be anonymous.
“The Republicans have nominated someone who wants to roll back Citizens United, which the overwhelming majority of the American people support, public disclosure of who’s giving,” Schumer said, adding: “It’s amazing.”
Trainor faced pressure to recuse himself from overseeing any campaign finance matters involving Trump, because he served as a legal adviser on Trump’s 2016 campaign team. Ranking Senate Rules and Administration Committee Member Amy Klobuchar pressed Trainor:
“So you’re not going to just recuse yourself from the beginning on a Trump matter?” Klobuchar asked, visibly surprised.
“No, not as a blanket recusal, and I don’t think that there is anyone at the commission currently who has a blanket recusal,” Trainor said. “I think we should all follow the same rules and guidelines.”

Judges finally speak out

U.S District Judge Lynn Adelman, of Wisconsin, published an article in the Harvard Law and Policy Review titled “The Roberts Court's Assault on Democracy.” Adelman takes Supreme Court Chief Justice John Roberts to task for joining the court’s hard right justices in “undermining American democracy” by “carrying out a sustained assault on the right of poor people and minorities to vote” and “reinforcing the enormous imbalance in wealth and political power that has developed in recent decades.”
He described Roberts' 2005 Senate confirmation testimony as "misleading" and declared that "the Roberts Court has contributed to insuring that the political system in the United States pays little attention to ordinary Americans and responds only to the wishes of a relatively small number of powerful corporations and individuals."
Adelman also attacks President Trump for helping the Republican party continue policies that worsen wealth inequality:
Although he ran as a populist and promised to promote policies that benefited ordinary people, upon taking office Trump almost entirely reversed course. He appointed mostly wealthy far-right Republicans and their supporters to his cabinet and to key positions in his administration… Trump also supported a tax bill that provided big benefits to the country’s largest corporations and wealthiest individuals and virtually nothing to the majority of American taxpayers.
...Because Congressional Republicans depend on a relatively small number of wealthy donors to stay in power, their major public policy goal is to do whatever makes such donors happy.
Last week, another prominent member of the judicial community publicly blasted the Chief Justice: Former Hawaii District Judge for 27 years James Dannenberg submitted his resignation from the Supreme Court Bar to Roberts. In a public letter, Dannenberg criticized Roberts for “allowing the Court to become an ‘errand boy’ for an administration that has little respect for the rule of law.”
“I have been a member of the Supreme Court Bar since 1972, far longer than you have,” Dannenberg’s letter to Roberts begins.
The Court, under your leadership and with your votes, has wantonly flouted established precedent. Your “conservative” majority has cynically undermined basic freedoms by hypocritically weaponizing others… More than a score of decisions during your tenure have overturned established precedents—some more than forty years old– and you voted with the majority in most. There is nothing “conservative” about this trend. This is radical “legal activism” at its worst.
...The only constitutional freedoms ultimately recognized may soon be limited to those useful to wealthy, Republican, White, straight, Christian, and armed males— and the corporations they control. This is wrong. Period. This is not America.
...I no longer have respect for you or your majority, and I have little hope for change. I can’t vote you out of office because you have life tenure, but I can withdraw whatever insignificant support my Bar membership might seem to provide.

Important court rulings

McGahn and border wall
The full bench of the powerful D.C. Circuit Court of Appeals announced on Friday that it will rehear the House’s appeal for Don McGahn’s testimony, vacating the three-judge panel’s previous ruling that judges can’t resolve subpoena disputes between the executive branch and Congress. Arguments are set for April 28.
The same court will also take on the House’s challenge of Trump’s emergency declaration to use over $6 billion of federal funds to fund his southern border wall even though Congress only appropriated $1.375 billion. Trump-appointed judge Trevor McFadden dismissed the House’s initial lawsuit last year.
Mueller’s grand jury
In a 2-1 ruling, a panel of the U.S. Court of Appeals for the D.C. Circuit ruled that the Justice Department must allow Congress access to secret material collected by Mueller’s grand jury in its Russian interference investigation. Judges Judith Rogers and Thomas Griffith - Clinton and W. Bush appointees, respectively - found that the House’s impeachment investigation is a legal judicial process that exempts Congress from secrecy rules that typically shield grand jury materials. The Appeals Court decision can be appealed to the Supreme Court.
Trump appointee Judge Neomi Rao dissented, saying the House did have legal grounds to ask the court to enforce the subpoena since the impeachment investigation has ended. Rao has taken Trump’s side in virtually every case she’s heard.
it’s hard not to see the trap Rao has built around Congress. Her Mazars opinion claims that Congress has only one path it can use to investigate President Trump. Then, when Congress traveled down the very same path that Rao identified in Mazars, Judge Rao invents a new limit — suggesting that Congress may only get one shot at an impeachment inquiry. Moreover, as Tatel suggests in the Mazars majority opinion, Rao appears to have invented the constitutional limit she placed on congressional investigations out of thin air.
The Atlantic’s David Frum wrote that Rao’s Mazars dissent was “wild talk that would shut down almost all congressional investigations.” Maybe that’s the point — at least as long as Trump is in the White House.
Food stamp cuts
Friday evening, U.S. District Court Judge Beryl Howell issued an injunction preventing the Trump administration from implementing a rule change that would force nearly 700,000 Americans off food stamps.
"Especially now, as a global pandemic poses widespread health risks, guaranteeing that government officials at both the federal and state levels have flexibility to address the nutritional needs of residents and ensure their well-being through programs like SNAP, is essential," Howell wrote.

Trump cases

The Washington Post reported that District Court Judge Lorna Schofield ordered Trump and his three adult children to “search through 15 years of business records for materials that could inform a lawsuit alleging they profited by promoting a marketing scam targeting vulnerable investors.”
Trump is being sued by four people who say they were duped into joining the multilevel marketing company ACN years ago because of his endorsement. The suit characterizes ACN as a pyramid scheme and accuses Trump of having made misleading claims as a paid pitchman prior to his presidency. All four say they suffered financially as a result.
...In this case, unlike in others, he has not asserted presidential immunity as a defense, and his legal team has already turned over a number of documents.
Atlantic City officials announced they will soon be filing an injunction in Superior Court to demolish the Trump Plaza Hotel and Casino tower because it is an “imminent hazard.” The city’s mayor, Mary Small, told the press that chunks of the building’s concrete and stucco facade are actively raining onto nearby streets.
“We could have had a fatality,” Small said. “Things will not be tolerated in the city of Atlantic City.”
The crumbling building has been owned by billionaire and Trump-ally Carl Icahn since 2016, though it has been closed since 2014.
Icahn endorsed Trump for president in 2016 and financially supported his campaign. Icahn also served as special economic adviser on financial regulation to Trump briefly in 2017, leaving amid concerns of conflicts of interest. In one of many concerning incidents, it was reported that stock for CVR Energy, in which Icahn has 82% ownership, doubled after President Trump's election, increasing $455 million in value.
  • Don’t miss: Teen models, powerful men and private dinners: when Trump hosted Look of the Year. “In the early 90s, Donald Trump judged the world’s biggest modelling competition - since hit by allegations of abuse… The stories we have heard suggest that Casablancas, and some of the men in his orbit, used the contest to engage in sexual relationships with vulnerable young models. Some of these allegations amount to sexual harassment, abuse or exploitation of teenage girls; others are more accurately described as rape.”

Trump profiting off presidency: Week 164

  • CNN: Hotels, clubs and restaurants owned by Trump or bearing his name have billed various federal agencies and personnel more than $1 million since he became the Republican nominee for president...About half of the documented expenses involve the U.S. Secret Service, which has been charged more than $600,000 by various Trump properties between September 2016 and August 2019.
  • CREW: Taxpayers paid President Trump’s Doonbeg resort $15,144.94 for Secret Service lodging during Vice President Mike Pence’s September 2019 trip to Ireland… We can now say definitively that Pence’s detour not only cost taxpayers extra due to large transportation costs, but also that the bill subsidized one of Trump’s struggling businesses.
  • CREW: On March 7, less than two weeks after President Trump returned from an official visit to India, the business he still owns and profits from made an announcement: it would now ship Trump-branded products to India. This appears to be a clear violation of the Trump family’s pledge of no new foreign business during the Trump presidency, and an invitation for corruption... India is joined on the announcement by Canada, the United Kingdom, Ireland, Scotland (which we must note is still technically part of the United Kingdom) and Germany.
  • ProPublica: The Trump Organization paid bribes, through middlemen, to New York City tax assessors to lower its property tax bills for several Manhattan buildings in the 1980s and 1990s, according to five former tax assessors and city employees as well as a former Trump Organization employee. Two of the five city employees said they personally took bribes to lower the assessment on a Trump property; the other three said they had indirect knowledge of the payments.
  • New York Times summarized by HuffPo: President Donald Trump’s campaign manager is quietly channeling money to Eric Trump’s wife, Lara Trump, and Donald Trump Jr.’s girlfriend, Kimberly Guilfoyle… The family benefits are linked to a network of politically connected private companies — operating with the support and help of Trump son-in-law Jared Kushner — that have charged roughly $75 million since 2017 to the Trump reelection campaign, the Republican National Committee and other Republican clients

States, elections, and environment

  • Ecowatch: A federal judge in Alaska ruled late Wednesday against a Trump administration plan to open 1.8 million acres of America's largest national forest to logging. The Forest Service plan targeted part of the Tongass National Forest on Prince of Wales Island.
  • Press release: The Center for Biological Diversity sued the Trump administration today for failing to decide whether 241 plants and animals across the country — from the Midwest’s golden-winged warbler to Venus flytraps in the Carolinas — should be protected under the Endangered Species Act. The lawsuit, filed in district court in Washington, D.C., is one of the largest ever under the Act and seeks to undo years of illegal inaction by the Trump administration.
  • NYT: A New York man who threatened to kill Representative Ilhan Omar in a hate-filled call to her office was sentenced to a year and a day in prison… Mr. Carlineo admitted to making the threatening call, and described himself as a patriot who loved Mr. Trump and hated “radical Muslims in our government,” according to the criminal complaint.
  • ProPublica: The Republican National Committee has paid hundreds of thousands of dollars to contractors closely connected to the organization’s chairwoman, Ronna McDaniel. One contract went to her husband’s insurance company. Two others went to businesses whose executives recently donated to Ronna for Chair, a largely inactive political action committee that McDaniel controls.
  • CNN and NYT: Infowars founder and conspiracy theorist Alex Jones was arrested in Texas on a charge of driving while intoxicated… [Also,] The New York State attorney general has issued a cease-and-desist order to Alex Jones, the conservative radio host, alarmed by false claims on his website that his diet supplements and toothpaste could be used to fight the coronavirus.

Immigration news

  • Politico: Robert Redfield, director of the Centers for Disease Control and Prevention, said Tuesday he was unaware of any indication from his agency that physical barriers along America’s borders would help halt the spread of the coronavirus in the U.S. — contradicting an assertion President Donald Trump made earlier in the day.
  • The Guardian: Doctors are concerned the spread of coronavirus to the US’s prison-like immigration detention centers is inevitable and will hit a system blighted by overcrowding and medical negligence… Dr Josiah Rich, an epidemiologist at Brown University, said one tool the US government has to prevent the spread of coronavirus is to release some of the 43,990 people in immigration detention, while their legal cases are being processed. People are held in these detention centers for civil immigration violations, not criminal charges, and the government can release them unless they are considered a danger to the community.
  • NPR: The U.S. Supreme Court delivered the Trump administration another win on one of its signature immigration policies on Wednesday, allowing it to continue the controversial "Remain in Mexico" policy across the entire southern border. The policy, officially called the Migrant Protection Protocols, requires asylum seekers to wait in Mexico for their day in U.S. immigration court. That has led to roughly 60,000 migrants getting sent back across the border since MPP was first implemented in January 2019.
  • NPR: Hundreds of asylum-seekers who reach the Texas-Mexico border aren't getting a chance to make their case in U.S. immigration court. Instead, the migrants — mostly women and children — are put on planes to Guatemala and told to ask for asylum in that country.
  • CNN: In explosive audio obtained through the work of a leading human rights group and released by CNN, a Trump administration attorney is heard finally admitting what experts and advocates have been insisting from the start: Remain in Mexico, the administration policy forcing tens of thousands of vulnerable asylum-seekers to wait for their U.S. immigration court dates in Mexico, is in fact dangerous.
    • “I think what I’m hearing from the government is, and I’ll be honest, I don’t like it,” the judge said, according to the audio. “What I’m hearing is, that well everybody has to take that risk and that chance, and you get kidnapped, you get kidnapped, that’s the risk you take for being in Mexico, and wanting to apply for asylum here in the United States … I don’t think it’s humane. But we’re talking about human beings and lives. It’s not a piece of paper in my opinion. And I really don’t like what I just heard.”
  • Washington Post: Pregnant woman dies after falling from border wall, a sign of migrants’ desperation… A year ago, during the height of the family migration surge, the couple probably would have tried to turn themselves in to seek asylum, he said. But an array of new restrictions imposed by the Trump administration is driving border-crossers to take more risks, migrant advocates say.
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