STOCKS TO WATCH
Check our “Stocks To Watch”, the freshly new traded companies which did their IPO and take a look at our categories underneath to diversify your portfolio !
Update : June, 11th 2021
Stocks of the Week
iSIGN Media is selected as the exclusive technology platform in Airports and municipally managed public spaces. What is their technology ? iSIGN overcomes the inherent issues surrounding privacy, data usage, power consumption and the publics’ lack of desire to download apps. The result is a system that leverages iSIGN technology for mobile messaging utilizing the Bluetooth features of mobile devices to collect completely anonymous data that provides public health authorities with valuable contact tracing information and the ability to issue public alerts and advisory statements. A testing (Prince George Airport in British Columbia. )will begin in the selected airport July 1, 2021. The POC will go from July 1 to September 30, 2021.
Because the Stock Price is low and because of the news, it triggered a high Price/Sales ratio ( currently above 1,000). Besides, the technology is very promising and could be adopted in more places.
It might not be a show off news for the “to the moon” investors but High Tide just announced they converted $40M debt into the last 6 months. By doing this, they removed the main obstacle for High Tide to finalize a credit facility with a Canadian bank on standard commercial terms. Moreover, HITI has been added to AdvisoreShares Pure Cannabis ETF (YOLO) which was the first actively managed ETF with a dedicated cannabis investment mandate domiciled in the United States.
The inclusion in this ETF shows the interest and the confidence that institutional investors have in High Tide’s growth and business strategy.
ALX Resources received the permit for the Gibbon Creek uranium exploration project. The Gibbons Creek exploration permit, good to October 2022, allows for a 5,000-metre drilling program in up to 20 holes along with ground-based geophysics, prospecting and geochemical sampling. Access to the Project is year-round, thereby creating a flexibility for either summer or winter exploration programs.
Basic Materials/Other Industrial Metals & Mining
Spearmint Announces Maiden Resource Estimate on its Lithium Clay Project in Clayton Valley, Nevada. The Technical Report includes a maiden resource estimate of 815,000 indicated tonnes and 191,000 inferred tonnes for a total of 1,006,000 tonnes of Lithium Carbonate Equivalent (LCE). James Nelson, President of Spearmint Resources stated : “This is a monumental milestone for Spearmint as we now have our initial maiden resource for the Clayton Valley Lithium Clay Project. Clayton Valley continues to receive significant global attention as the premier lithium address in the USA, hosting the only producing lithium deposit in North America.”
They did their IPO this week
Financial Services/Credit Services
Salona Global Medical Device is focusing on acquisitions across industry verticals to provide selling parties with de-risk of their specific assets. Salona Global has a deep and full pipeline of private firms that are discussing a potential acquisition by Salona Global – all medical device companies with between $5M – $20M in revenues with positive cash flow. The Salona Global team believes it has the capacity to close 1-2 acquisitions per quarter starting Q2 2021.The Company has an estimated $13M in net assets, predominantly in cash and cash equivalents, with no parent debt. Management has earmarked between $4-6M in cash and 15-18M shares to close potential acquisitions in negotiations this quarter.