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Aurora Financial Services

Family services at the Aurora Center for Financial Wellness

Consumer Credit Counseling Service, a program of the Aurora Center for Financial Wellness, helps people get back on track when their lives are ...

At Last, Canadian Pot Stocks Have Access to Basic Banking Services

Financing has been a major headache for marijuana stocks

To be clear, getting to this point hasn't been easy for Canadian marijuana stocks. Canada approved medical cannabis in 2001 and parliament has had a considerably more favorable view of weed relative to the U.S. federal government. Even so, pot-based businesses in Canada have received the short end of the stick.

Arguably the biggest issue for Canadian marijuana stocks (and U.S. pot stocks, too) has been the lack of access to basic banking services. Because recreational weed has been illegal in Canada, financial institutions feared the potential for criminal and/or monetary penalties if they offered banking services -- such as a checking account, a line of credit, or a loan -- to marijuana-based businesses. This has left most pot stocks to get creative when it came to raising capital because no cannabis company is earning anywhere near enough in positive operating cash flow from medical weed sales and exports to fund broad-based capacity-expansion projects.

Data Solutions Provider Aurora Mobile Files for IPO in New York

Aurora Mobile Ltd., which provides big data solutions for mobile app developers in China, is seeking to ring the trading bell on the Nasdaq Global Market and raise $200 million in an initial public offering.

The company, which plans to be listed under the symbol "JG," did not detail the number of proposed shares or pricing per share in its current filing with the Securities and Exchange Commission.

Among the services Aurora provides is the aggregation of real-time mobile behavioral data to help its clients make business decisions. The company's data solutions include targeted marketing, financial risk management, market intelligence, and location-based intelligence. The company uses artificial intelligence and machine learning as key components of its technology.

In its prospectus filed today, Aurora said that by the end of 2017, the number of monthly active mobile devices it reached was 864 million, or 90 percent of the mobile gadgets in China. In the first quarter ended March 31, that number rose to 925 million.

Is the recession over?

Hey, look at that idiot right above me blaming conservatives. We have been telling them for months and months that a mega-depression is coming. We told them they were a big fail. We told them they were like locusts...destroying and then pointing the finger.