It has been another rocky week for North American markets as traders continue to weigh the risks of inflation and the health of the financial sector. Canada’s own main stock index recently hit a two-week low, but in the face of every performance in the red, indices have tried to clock in a decent performance. All eyes are on earnings reports this week, while some other studies show the domestic economy has seen its growth slow down.
BlackBerry (TSX:BB) announced this week an extended partnership with Solutions Granted, a leading cybersecurity services provider.
Solutions Granted has been named a BlackBerry Master Managed Security Services Provider (MSSP), enabling it to scale and deliver managed detection and response and other managed security services to their mid-market and SMB clients.
As a Master MSSP, Solutions Granted will offer industry-leading managed security without the significant investment of building out their own security operations center. The partnership will heavily leverage the Cylance AI-powered portfolio, which helps thousands of clients secure their environments and prevent attacks.
Solutions Granted has been named BlackBerry’s MSSP Partner of the Year for North America for five consecutive years.
Quipt Home Medical Corp. (TSXV:QIPT) has closed its bought deal public offering of common shares in the capital of the company.
A syndicate of underwriters led by Beacon Securities Limited and Canaccord Genuity Corp. conducted the public offering.
The company received an aggregate gross proceeds of $40,262,650 from the Public Offering and the U.S. private offering. It includes 669,000 common shares issued pursuant to the exercise of the over-allotment option granted to the Underwriters.
Quipt Home Medical issued a total of 5,129,000 common shares at $7.85 per common share.
Along with the closing of the public offering, the underwriters also completed a brokered private placement. It comprised of 280,000 common shares at the issue price, for aggregate gross proceeds of $2,198,000.
As a result of the completion of the public offering and private placement, the company has raised aggregate gross proceeds of $42,460,650.
The company intends to use the proceeds for repayment of debt, potential future acquisitions, working capital and general corporate purposes.
Tilray Brands Inc. (TSX:TLRY) subsidiary, Montauk Brewing Company announced an expanded presence at New York Mets’ Citi Field.
The expansion features two new Montauk Brewing-branded spaces located at the K Korner and on the Field Level down the third base line.
The company will be serving up signature brews at these locations. The signature brews will include the popular Wave Chaser IPA, the new Surf Beer Golden Ale, Montauk Summer Ale, and Montauk Brewing’s Juicy IPA.
Fans will have the opportunity to immerse themselves in the Montauk Brewing experience at the new Montauk Brew Barn inside Citi Field’s K Korner. Attached to the stadium, the Brew Barn outpost draws inspiration from the iconic Montauk tap room. It carves out a nook of the restaurant for fans to enjoy craft favorites before, during, and after each game.
Montauk Brewing’s brews are now available across 3,500 retail locations and several of NYC’s major venues including Citi Field, Madison Square Garden, Moynihan Train Hall, and UBS Arena.
As this week showed, you never know what to expect when it comes to each sector’s performance, or the general market. Investors should stay as up to date as possible, and for the latest on small-cap stock movements, there is no better place than the Bullboards. For previous editions of Buzz on the Bullboards: click here.
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