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Buzz on the Bullboards: Focusing on the Top Talked-About Cannabis, Mining, & Tech Stocks

Stockhouse Editorial
46 Comments| March 25, 2021

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Depending on whom you speak to, either the global economy about to open up and recover, or we are headed for more trouble.

Though everyone has their own view, what is for sure is that it always pays to keep your attention focused, especially during uncertain times.

It has been a year since the COVID-19 pandemic rocked global markets, but since that time, each sector has adapted differently. While some struggled, others coasted or recovered, as the cream of the crop climbed to new heights.

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Speaking of focus, this has provided two angles for investors to focus on: what are the “flashes in the pan”, and where is the long-term money headed?

We have been polling Stockhouse investors on our homepage to see which sectors they are most interested in right now, and the results are a mix of long-term movement and short-term interest.

Big news from HEXO Corp. (TSX: HEXO, Forum) to start things off. The cannabis company reported its financial results for its fiscal Q2 2021, ended January 31st, 2021.

Total net revenue in Q2 2021 increased $3.4 million (CAD) to $32.8 million (CAD) from $29.4 million (CAD) in Q1 2021, mainly due to an 11% growth in non-beverage adult-use cannabis sales and 11% growth in the adult-use beverage.

Total net revenue increased 94% from the comparative period of fiscal 2020. The company noted that it had strengthened its positions in several key Canadian markets outside Québec while maintaining its top competitive position within Québec.
Total net revenue for the six months ended January 31, 2021, increased 98% to $62,347 (CAD) compared to the same period of fiscal 2020.

integrated healthcare company Empower Clinics Inc. (CSE: CBDT, Forum) recently received more than $12 million from the exercise of warrants up to March 18, 2021, representing an increase of approximately $1,500,000 since the beginning of the month, when the company announced the receipt of approximately $10.5 million.

Canopy Growth Corp. (TSX:WEED, Forum) announced that it has entered into a credit agreement with funds advised by King Street Capital Management, LP. Under the Credit Agreement, the Company has raised a $750 million (USD) senior secured term loan. The Company also can obtain up to an additional $500 million (USD) of incremental senior secured debt.
Mike Lee, EVP and CFO of Canopy Growth said that his team is looking forward to building value for both our credit and equity investors over time.

“This transaction further strengthens Canopy's balance sheet, provides additional capital to invest in high-return growth opportunities, and marks a key milestone for us as we work towards achieving a more efficient capital structure.”

Junior Canadian oil and gas company Reconnaissance Energy Africa Ltd. (TSX-V: RECO, Forum) announced this week that its Senior Vice President, Investor Relations, Doug Allen, has retired.

In a news statement, ReconAfrica’s Chief Executive Officer, Scot Evans commended his service.
“On behalf of ReconAfrica, I would like to thank Doug for his contributions to the Company and we wish him all the best in his retirement and future endeavors.”

Sokoman Minerals Corp. (TSX-V: SIC, Forum) declared its intent to complete a non-brokered private placement of units for gross proceeds of $6.5 million with a lead order of $5 million from billionaire investor Eric Sprott. The Company expects to file documents for approval with the TSX Venture Exchange next week.

The proceeds of this financing will be directed towards advancing the Company’s flagship Moosehead Gold Project, which includes increasing the current drill program from 20,000 metres to 50,000 metres total with four drill rigs.

What the "Buzz"

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Meanwhile, gold miner Novo Resources Corp. (TSX-V: NVO, Forum) recently exercised its option to earn a 50% interest in its Queens Gold Project, located in the Bendigo zone of Australia’s Victorian goldfields. Novo has issued 584,215 common shares to Kalamazoo Resources Ltd. as consideration for the exercise of the option.

Quinton Hennigh, Chairman and President of Novo Resources commented that Malmsbury is a very high value Victorian gold target with strong geologic similarities to the high-grade Fosterville deposit approximately 55 km to the north.

“Exercise of this option consolidates Novo’s land holdings in this important district. We look forward to expanding our current exploration program beyond the joint venture ground we hold with GBM Resources and identifying drill targets by late this year.”

NVO also provided an update this week on the sale of a portion of its Blue Spec project comprising mining leases 46 / 115 and 46 / 244 and related mining information in Western Australia to Calidus Resources Ltd.

It has been a busy week for Datametrex AI Ltd. (TSX-V: DM, Forum), who announced that it had received authorization for its COVID-19 Rapid antigen test kit in Canada. Health Canada granted the approval of the antigen point-of-care rapid test device under the interim order.

DM followed this news up with an acquisition of a private telemedicine company based out of British Columbia that provides a subscription service that connects patients with providers and doctors in real time. Datametrex intends to integrate the target's platform into its core AI technology. The Company also announced this week that Heath Canada has approved PCL Inc.'s COVID19 AG Rapid test kit an antigen point-of-care rapid test device. Datametrex made an application for the PCL Antigen under IO on August 24, 2020, Respecting the Importation and Sale of Medical Devices for use in relation to COVID-19 under the Food and Drugs Act.

ImagineAR Inc. (CSE: IP, Forum) is out with another new three year agreement with Global Sports Initiatives (GSI). This three-year ImagineAR white-label mobile app agreement is for a $380,000 guarantee plus revenue sharing. GSI markets “digital infrastructure as a monetization service” to Sports, Esports, and Leagues throughout the world. ImagineAR and GSI jointly announced the World Tens Series three-year partnership agreement earlier this month.

Finally, we have Kontrol Energy Corp. (CSE: KNR, Forum), who is teaming up with the Canadian Sport Institute Pacific (CSI Pacific) to operate its Safe Space Technology in the National Team Training environment. The Kontrol BioCloud viral detection technology is designed as a real-time analyzer to detect airborne pathogens, such as COVID-19. The system will be installed at Canadian Sport Institute Pacific's Whistler Athletes Centre in Whistler, BC.

It has been a year since the infamous cratering of global markets due to the COVID-19 pandemic, which has driven many Canadians to feel less sure about investing, as well less sure about their financial futures (in both senses of the term).

Looking at this week’s Investor Pulse Poll, we want to know your thoughts regarding investments in the current environment.

(Click image to vote.)

Looking at last week’s poll, most of you feel that you are on track with your investment endeavours, though a few continue to freewheel by the seat of your pants. Hey, it sounds like fun at the very least.

Next week, we will dive into the data from the last quarter and figure out a clearer answer for where the markets are at (and where they are headed). Make sure to stay up to date, and of course, stay focused to keep on top of where the tides are taking small-cap stocks and the markets. For previous editions of Buzz on the Bullboards: click here.

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FULL DISCLOSURE: Datametrix AI Ltd. is a client of Stockhouse Publishing.

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