(Image via HEXO Corp.)
At Stockhouse, investor focus is on companies whose valuations seem a little more firmly rooted in down on planet Earth. When it comes to the most popular stocks over the previous week, three names are dominating, especially where health care is concerned ….
In June 2021, cannabis player
HEXO Corp. (TSX: HEXO, Forum) embarked on a mission to counteract its carbon footprint, through a partnership with
Offsetters, a Vancouver-based organization that supports renewable energy and forest carbon projects across the world.
By September, the company announced that it had achieved its goal to become carbon neutral, offsetting 100% of its 2020 operational carbon emissions in addition to the personal emissions of its 1,200 employees.
HEXO offset a total of 25,965 tonnes of carbon – 19,610 tonnes of operational carbon emissions and 6,355 tonnes of their employee’s personal carbon emissions.
Meanwhile in the market, cannabis-lifestyle and consumer packaged goods company
Tilray Inc. (NASDAQ: TLRY) has formed a partnership with Quebec-based cannabis company
ROSE LifeScience Inc.
The partnership will now represent the full Tilray portfolio inclusive of Grail, Marley Natural, Dubon, La Batch, Broken Coast, Riff, Solei, Good Supply, B!NGO, and P'tite Pof. This means that ROSE will now be representing the entire Tilray Portfolio — spanning from ultra-premium options to accessible value brands from across Canada.
ROSE LifeScience President and CEO Davide Zaffino, said the partnership includes sale, supply, distribution, and marketing.
“Québec is the third largest cannabis market in the country. Partnerships like this show us why.”
The news follows the recent industry-impacting business combination between Tilray and
Aphria Inc. (TSX: APHA), creating the world's leading cannabis company.
(Image via TAAT Lifestyle & Wellness Ltd.)
TAAT Lifestyle & Wellness Ltd. (CSE: TAAT, Forum) will be an exhibitor at the
2021 NACS Show from October 6th through October 8th, 2021.
The NACS Show, held in Chicago, features 1,200 vendors in the convenience category and an average of 23,000 attendees from more than 70 countries. The NACS Show is operated by the Association for Convenience & Fuel Retailing, a trade association focused on industry-related issues such as labour and healthcare benefits, menu labelling compliance, payment card “swipe fees”, and tobacco retailing regulations.
Other exhibitors include household names in food and beverage including General Mills, Campbell’s, and the Coca-Cola Company.
Several “Big Tobacco” firms are also exhibitors at the 2021 NACS Show in Chicago including Altria, Japan Tobacco International, ITG Brands, and R.J. Reynolds. TAAT has closed 68 new initial purchase orders following its first trade shows in July.
Smokers aged 21+ in attendance at the 2021 NACS Show will have the opportunity to try TAAT at the event.
TAAT Chief Executive Officer Setti Coscarella commented,
“Trade shows have proven highly effective for us ever since they became part of our commercialization strategy this summer. Although we have had no difficulty navigating the sales and distribution channels through direct outbound contacts, trade shows provide unparalleled opportunities to immerse buyers, merchandisers, and distributors in the TAAT brand. Our trade show displays are creatively designed to convey that TAAT is a combustible product used by smokers aged 21+ in a nearly identical fashion to a traditional tobacco cigarette, except with no nicotine or tobacco.
This engaging experience has proven instrumental to maintaining a high conversion rate. Now that we have managed to perfect our trade show playbook, we’re taking things further by exhibiting at the most prestigious conference in the convenience industry on the same floor as the ‘Big Tobacco’ firms. We are looking forward to this three-day event, where we expect to make many important connections in our journey to keep gaining market share in the USD $814 billion global tobacco industry.”
PyroGenesis Canada Inc. (TSX-V.PYR, Forum) was added to the
FTSE Global Total Cap Index and FTSE Global Micro Cap Index this week.
The FTSE Global Total Cap Index is a market-capitalization-weighted index representing the performance of large, mid, and small-cap stocks, across emerging and developed companies. The FTSE Global Micro Cap Index provides representation for micro-cap stocks.
Both indexes are used as the basis for performance benchmarks and investment products, such as funds, derivatives, and exchange-traded funds by investment professionals globally.
P. Peter Pascali, President and Chair of PyroGenesis said the team is pleased to join both the FTSE Global Total Cap Index and the FTSE Global Micro Cap Index
“These additions reflect our continued commitment to executing on our business strategy and driving value for our shareholders. We believe that inclusion in these indexes will help improve awareness, liquidity, and exposure of our securities within the global community of institutional and retail investors.”
FTSE Russell is a global index leader that provides innovative benchmarking, analytics, and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98 per cent of the investable market globally.
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Waste to renewable fuel company
Cielo Waste Solutions (CSE: CMC, Forum) released its annual audited financial statements for the year ending April 30, 2021, highlighting an increase in total assets by
$24.8 million (CAD), compared to the year before. The increase was due to $17.1 million (CAD) increase in cash, mainly because of the conversion of convertible debentures and the exercise of warrants, and $8.1 million (CAD) increase in property, plant and equipment related to the construction activities at Aldersyde facility.
Selected annual information:
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
|
|
|
|
(RESTATED) |
|
|
(RESTATED) |
|
| Total revenue |
|
|
4,200 |
|
|
|
3,000 |
|
|
|
3,000 |
|
| Financing costs |
|
|
5,052,865 |
|
|
|
523,136 |
|
|
|
- |
|
| General and administrative |
|
|
2,623,758 |
|
|
|
2,662,113 |
|
|
|
1,326,465 |
|
| Research and development |
|
|
2,052,793 |
|
|
|
1,145,551 |
|
|
|
476,408 |
|
| Fair value change of warrant |
|
|
28,540,436 |
|
|
|
(391,144 |
) |
|
|
(797,819 |
) |
| Net loss |
|
|
(39,708,974 |
) |
|
|
(4,184,571 |
) |
|
|
(1,308,159 |
) |
| Net loss per share - basic& diluted |
|
|
(0.11 |
) |
|
|
(0.02 |
) |
|
|
(0.01 |
) |
| Total assets |
|
|
45,192,255 |
|
|
|
20,413,250 |
|
|
|
13,096,709 |
|
| Total non-current liabilities |
|
|
1,573,561 |
|
|
|
9,257,213 |
|
|
|
2,544,831 |
|
In an effort to provide customers with more maintenance and support capabilities,
Bombardier Inc. (TSX: BBD, Forum) has enhanced its interior repair and refurbishment activities at its service centre in Dallas, Texas.
Christopher Debergh, Vice President, OEM Parts and Services said, “The enhancement of these services is a testament of our commitment to continue to meet growing customer demand with high-quality products and offerings that exceed expectations.”
The additional interior capabilities build on Bombardier’s series of announcements regarding enhancements to its worldwide customer service network. These announcements include the expansion of Bombardier’s service centre network in Berlin, Miami, London-Biggin Hill, Singapore and the new service centre under construction in Melbourne, Australia.
Providing real-time data analytics through artificial intelligence to drive operational efficiencies and profitability,
Fobi AI Inc. (FOBI: TSX-V, Forum) just launched the
Fobi Data Exchange (FDX) with its first data monetization agreement and partner, In-Touch Group, a provider of consumer insights and digital marketing to retailers and consumers. In-Touch currently manages a data lake of point-of-sale transactions for approximately 6,000 convenience stores, which is projected to increase to approximately 10,000 stores by the end of 2021.
(Image via Fobi.)
Datametrex AI Ltd. (TSX-V: DM, Forum) announced this week that it had received purchase orders for approximately
$900,000 (CAD) from its clients in South Korea.
Datametrex continues to grow its AI and software businesses globally. The company focuses on working with a few core conglomerates as a preferred vendor. The Korean government is heavily investing in AI technology and has released an AI strategy that would strategically position itself as a top five contender in AI by next year.
Datametrex Chief Executive Officer, Marshall Gunter stated that South Korea continues to be an important market for Datametrex AI.
“We look forward to assisting next-generation technologies with artificial intelligence in the auto, consumer goods, electronics, telecom, insurance, and heavy industries in Korea that will help innovative growth and expand the economy.”
Sskatoon, SK-based tech developer and provider
Quarterhill Inc. (TSX: QTRH, Forum) has been awarded a
$2.2 million (CAD) contract to supply and install a mainline Weigh-In-Motion and Electronic Pre-Clearance system for the Idaho Transportation Department. The new system will be located on I-84 Westbound at the Declo Port of Entry in Cassia County, southern Idaho.
Ending things off with a look at lasty week's poll, it seems a very solid majority of you are going to play conservatibe with your $$$ as oil prices continue to fluctuate. Will that hold true with what is happening in Chinese markets and the ripple effects it has westward? We shall see.
(Click image to vote.)
Moving on to this week's poll, we want to know your thoughts on the potential of a new cannabis rally. Given the new companies and platforms that are coming out all the time, there is sure to be more room for this market to grow. Agree or disagree? Let us know your thoughts by clicking the image above to cast your vote.
September has given us a wild market ride and some small-cap stocks that the Stockhouse Bullboards have gotten excited about. Next week will probably bring more of the same, and the weekly Buzz on the Bullboards review will be here to bring you some hot stocks. For previous editions of Buzz on the Bullboards:
click here.
FULL DISCLOSURE: PyroGenesis Canada Inc. is a client of Stockhouse Publishing.