PyroGenesis Canada Inc. (TSX-V.PYR, Forum) signed an agreement with a tier-one global aerospace company to qualify its additive manufacturing powders.
The aerospace company will perform a standard qualification process required before PyroGenesis can become an approved supplier. The process will evaluate PyroGenesis' manufacturing methods, test powder samples for batch-to-batch consistency and determine mechanical and chemical properties.
Larger volumes of powder will be used to print test coupons to further evaluate mechanical and chemical properties. The company expects that testing with real parts under real-time conditions will be in order before final acceptance. Upon passing all acceptance tests, PyroGenesis will lock the process down specifically for the aerospace company with no additional modifications permitted.
PyroGenesis’ Chief Executive Officer P. Peter Pascali called this agreement with one of the world’s largest aerospace companies a very significant achievement in further validating PyroGenesis’ additive manufacturing powder offering utilizing its NexGen production, which provides significant cost and production advantages.
“It is important to realize that the qualification process is not only exhaustive and time-consuming, but also quite costly for this aerospace client, which we believe underscores their confidence in the added value and competitive differentiation of our offering.”
(PyroGenesis Canada Inc. stock chart – November 2020 to April 2021. Click to enlarge.)
Datametrex AI Ltd. (TSX-V: DM, Forum) announced this week that it had completed more than 30,000 polymerase chain reaction (PCR) tests for the Film and Production industry in Toronto, Vancouver, and Montreal, and sold over 40,000 1 Copy PCR test kits during March.
PCR testing is a method used to rapidly make millions to billions of copies of a specific DNA sample and the manufacturer has confirmed that these tests can detect the new variants which is key as we navigate the ongoing third wave that is spreading at a rapid pace in Canada.
Datametrex’s Chief Executive Officer Marshall Gunter noted that this is expected to bring a further increase in revenue.
“With the new Brazil and UK variants spreading, management feels that continued testing will be necessary for the foreseeable future as part of the answer to keep people safe and sound.”
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Kontrol Energy Corp. (CSE: KNR, Forum) has added
Danby Appliances to its BioCloud manufacturing team and a manufacturing strategic partnership between Kontrol,
OES Inc. and Danby.
The strategic partnership will mean that OES will handle global supply chain, project engineering and production of the electronic components and Danby will focus on final assembly and scaling production.
There has been some interesting activity in the cannabis market this week, with much of the chatter among investors circling around Leamington ON-based licensed producer
Aphria Inc. (TSX: APHA, Forum) and Nanaimo, BC-based cannabis licensed producer
Tilray Inc. (NASDAQ: TLRY).
Both companies announced an arrangement under Ontario’s Business Corporations Act where Tilray will acquire all of
the issued and outstanding Aphria shares. Aphria Shareholders will receive 0.8381 of a Tilray share for each Aphria Share held, while holders of Tilray Shares will continue to hold their Tilray Shares with no adjustment to their holdings.
The deal to close the giant merger between Aphria and Tilray will take about two weeks or more to finalize. While Aphria said its shareholders overwhelmingly approved the transaction with 99.38% support, Tilray said it will extend its voting deadline to April 30th to allow its shareholders more time to vote on the deal. Tilray, which has one of the largest retail investor bases in the cannabis sector, also announced it would amend its bylaws to allow a lower number of voters to meet quorum, moving its requirement down to one-third of all outstanding shares rather than a majority of shareholders.
HEXO Corp. (TSX: HEXO, Forum) recently filed
a new preliminary short form base shelf prospectus with securities regulators in each of the provinces and territories of Canada and a corresponding shelf registration statement on Form F–10 with the United States Securities and Exchange Commission. This is expected will enable HEXO to make offerings of up to $1.2 billion (CAD) of common shares, warrants, subscription receipts and units or a combination of each.
(Image via Canopy Growth Corp.) People of la belle province have, for so long had to endure “offer void in Quebec” on any contest or prize competition that was open to contestants across the country but for once … they have something that no one else in Canada can easily get their hands on … the latest product from cannabis heavyweight
Canopy Growth Corp. (TSX: WEED, Forum) –
Vert (French for green, the colour of cannabis) - the company’s first Quebec -exclusive brand.
The first two strains to launch under the Vert brand are 'Green Cush' and 'Sour Kush', which will be sold via the Socit qubcoise du cannabis (SQDC) in dried flower and pre-roll joint formats. Vert Green Cush is a sativa-dominant strain and Sour Kush is an indica-dominant strain.
The cannabis sector has seen a bit of a revival in the marketplace as of late and a wave of new investors has arrived. This begs the question, when did you start to invest and follow the capital markets seriously? COVID has brought about new attention to investing, but many of you likely have experience that dates back to the infamous 2008 crash or earlier. Let us know in the Investor Pulse Poll survey below.
(Click on the image to cast your vote.)
Meanwhile, looking at the results from last week’s survey, it seems that a lot of you are not buying in to bitcoin’s latest rally, be it outright skepticism or plain apathy. Even so, the crypto market is still growing in greater value that it has ever seen before … how this pays off in the long run remains to be seen.
After the solid performance among many companies this week, there are many questions raised for us next week: Can the cannabis rebound stick? Will these tighter COVID-19 restrictions help flatten the curve? What companies are rising as they return to business?
For these answers and more, be sure to stay up-to-date on Stockhouse and the latest small-cap investor discussions on Buzz on the Bullboards. For previous editions: click here.
FULL DISCLOSURE: PyroGenesis Canada Inc. and Datametrex AI Ltd. are clients of Stockhouse Publishing.