(Image via Canopy Growth Corp.)
It has been a hot week for much of North America and it’s not just the temperature that’s rising, we are seeing a surge in investor discussion on the Bullboards, as well.
Commodity prices have been on the move, traders want to know the latest on rate cuts, and some indexes clipped new record highs.
Much of the discussion happens on the Stockhouse Bullboards, and our Buzz on the Bullboards articles help you review the companies and topics that are trending in the community. A long weekend usually tapers off some investor discussion, but the Bullboards were alive and well, especially for the hottest sectors in the market: Cannabis, Industrials, and Energy.
This week we are taking a look at those sectors, and a few companies that made some very big leaps. Did Stockhouse members think that these were temporary strides, or markers of continuous (and possibly upwards) momentum?
We begin with major developments from the world’s biggest cannabis producer,
Canopy Growth Corp. (TSX: WEED, Forum) this week, the company has
finalized its acquisition of all the issued and outstanding common shares of another top stock on the Cannabis Top 6 -
The Supreme Cannabis Company Inc. (TSX: FIRE, Forum).
A biopharmaceutical leader in cannabinoid-based drugs,
Tetra Bio-Pharma Inc. (TSX-V: TBP, Forum) announced this week that its investigational new drug
ARDS-003 has been studied in a viral infected organoid model as part of a research collaboration between Targeted Pharmaceuticals and George Mason University. ARDS-003 is a new patent protected therapeutic developed to treat hyperinflammatory conditions, such as those seen in patients suffering from COVID-19 viral infections and sepsis.
Integrated healthcare company
Empower Clinics Inc. (CSE: CBDT, Forum) has signed a Memorandum of Understanding for a six-month pilot program between Empower and independently owned Canadian Pharmacy network
Pharmachoice for distribution and resale of Kai Care COVID-19 Testing Solutions. The products will include Rapid Antigen Testing, Rapid Antibody Testing and Saliva RT-PCR tests.
Empower Clinics’ Chairman and Chief Executive Officer, Steven McAuley noted that the expansion to Pharmachoice's network is a phenomenal step forward in the team’s plan to provide Kai Care Testing solutions directly and conveniently to consumers.
“We are excited to build on this progress through our ongoing advanced conversations with other major pharmacy groups from across North America.”
This brings us to our investor pulse poll for the week, with most people now vaccinated in Canada and the US as restrictions soften, will you be using the summer to make new investments; will you be taking the summer off to enjoy your regained freedom; or a mix of the two? Let us know your thoughts by clicking the image below to vote.
(Click image to cast your vote.)
Last week, we asked you which segments of the market you were most bullish on for the next half of 2021 and, maybe no surprise, gold is still king.
The NSiR PUREVAP platform developed by
PyroGenesis Canada Inc. (TSX-V.PYR, Forum) is proving to be a game-changer for the innovative work done by silicon materials manufacturer for Lithium-ion batteries,
HPQ Silicon Resources Inc. (TSX-V: HPQ, Forum). The tech solves the scalability and commercial viability issues of silicon for the Li-ion battery market.
In an update on a 4.4+ million increase in the HPQ’s equity (through a series of transactions with
Investissement Québec), the company noted that, despite intensive research efforts and significant investments in silicon battery materials, current manufacturing processes remain unscalable or even commercially unviable. This explains why even though silicon is theoretically a superior anode material for Li-ion batteries than graphite, it is currently included in less than 5% 1 of commercial battery anodes and its use is limited to a few advanced Li-ion battery manufacturers.
Cielo Waste Solutions (TSX-V: CMC, Forum) is a waste to renewable fuel company with unique technology engineered to help solve the world’s garbage crisis.
CMC stated that it had received final approval from the
TSX Venture Exchange to list its shares on the exchange as of market open this morning, under the same symbol.
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Aviation heavyweight
Bombardier Inc. (TSX: BBD, Forum) has delivered a
Global 7500 business jet to a customer in Jakarta.
With a worldwide fleet numbering more than 50 aircraft, the Global 7500 business jet continues to exceed expectations and reinforce its position as the industry flagship. This aircraft is also growing its presence in the Asia-Pacific region, with Global 7500 business jets now based in multiple countries including Japan, Australia, Taiwan, and Malaysia.
Bombardier’s entire portfolio is generating strong interest in the Asia-Pacific region, where a new generation of business jet users is emerging in the wake of the pandemic.
Bombardier’s Regional Vice President, Sales, Asia Pacific, Nilesh Pattanayak said that global aircraft are designed to deliver the ultimate in luxury, performance, and smooth ride over long-distance flights, making them ideally suited to customers in the Asia-Pacific region who are looking to connect far-flung city pairs.
“The ultra-long-range Global 7500 aircraft opens up a world of possibilities for convenient and productive travel.”
The Global 7500 aircraft, with a maximum range of 7,700 nautical miles, can take passengers non-stop from Jakarta to Seattle, Singapore to San Francisco, Tokyo to New York and Melbourne to Los Angeles.
Bombardier is significantly expanding its customer service footprint in the Asia-Pacific region with the creation of a state-of-the-art customer service centre at Essendon Fields Airport in Melbourne, Australia. The facility is targeted to be operational in 2022.
Meanwhile, the ambitious expansion of Bombardier’s Singapore Service Centre is ongoing. This site at the Seletar Aerospace Park will quadruple the operation’s footprint, making it the largest OEM-owned business aviation maintenance facility in the region.
Headquartered in Montréal, Bombardier is a global leader in aviation, creating innovative and game-changing planes. The corporation supports a worldwide fleet of more than 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals.
Energy investors take note:
Brookfield Infrastructure Partners LP (NYSE: BIP, Forum), together with its institutional partners has filed a second notice of variation and extension to
acquire all of the outstanding common shares of oil and as company
Inter Pipeline Ltd. (TSX: IPL, Forum).
Reconnaissance Energy Africa Ltd. (TSX-V: RECO, Forum) delivered a retort to a recent article published in the
Globe & Mail that the company called “defamatory”, because it detailed happenings around ReconAfrica as well as Canada’s securities regulators on the basis of environmental malpractice.
The embattled Canadian junior oil and gas company is contending with bad press from numerous investigations that have been piling over possible securities fraud committed by the company and its work in the opening of the newly discovered deep Kavango Sedimentary Basin, in the Kalahari Desert of northeastern Namibia and northwestern Botswana.
The names include
Pomerantz LLP, who is investigating claims on behalf of investors of
Intrusion Inc. (NASDAQ: INTZ), along with national shareholder rights litigation firm
Schall Law Firm, investigating claims on behalf of investors of
NGM Biopharmaceuticals Inc. (NASDAQ: NGM) for violations of the securities laws. Other investigators are also looking into possible securities fraud committed by RECO and certain of its officers and / or directors and may file a class action on behalf of investors.
This is the same company that tried to gaslight a
National Geographic report that called out unsafe and unpermitted water disposal practices by RECO, along with the impact of oil drilling on water and wildlife. If you can’t trust an oil and gas company that is revered by a South African government, who can you trust?
Meanwhile,
Crescent Point Energy Corp. (TSX: CPG, Forum) released its
2021 Sustainability Report this week. The report highlighted the Company's increased target for emissions intensity reduction, an increase from 30% to 50% by 2025, including a 70% reduction in absolute methane emissions. The Report also outlines the Company's latest progress and commitment to strong environmental, social and governance (ESG) performance throughout its operations. In addition, the Company also released updated disclosure in reference to the Task Force on Climate-related Financial Disclosures underlining its effective risk management practices.
From the company, the top highlights from each facet of ESG:
- Environmental: Increasing the Company's targeted emissions intensity reduction to 50% by 2025, and increasing its absolute methane emissions reduction target to 70%, in each case relative to a 2017 baseline
- Social: Achieving five-year best in safety performance for lost time incident frequency and serious incident frequency in 2020 as a direct result of engagement with employees and contractors to promote safety across the Company's operations
- Governance: Furthering the Company's commitment to gender diversity, including increasing and achieving its Board diversity target of at least 30% of independent director positions on the Board being held by women
Crescent Point’s President and Chief Executive Officer Craig Bryksa said that the company’s 2021 Sustainability Report highlights the team’s progress to enhance the company’s social impact, governance oversight, and environmental stewardship.
“As part of our commitment to strong ESG performance, we will be dedicating between 3% - 5% of our go-forward annual maintenance capital budget to environmental stewardship projects. By continuing to integrate sustainability practices into our capital allocation process and business operations, we are effectively mitigating risks and capitalizing on opportunities to position the Company for further success and enhanced shareholder value.”
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FULL DISCLOSURE: PyroGenesis Canada Inc. is a client of Stockhouse Publishing.