Canaccord quarterly report: This from Canaccord: Kraken reported June Q2 results that were in line with consensus expectations and featured unchanged annual guidance, which suggests a dramatic uptick in quarterly performance in the second half of this year. Combined with improvements in Kraken’s balance sheet related to debt repayments (in cash), earnout expiry, and other share dynamics, we believe the share price is set up for a strong close to the year. We believe Kraken’s financial performance and increasingly strategic nature of its military applications is significantly undervalued, at ~7x this year’s EBITDA (below guidance midpoint) and ~5x next year. We maintain a BUY rating and $0.90 target.