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Powering the Most Challenging Systems
Any electrical system that doesn’t have access to the power grid is subject to sub-par performance, potentially resulting in increased lifetime costs and premature obsolescence.
Renewable energy sources are the way to remove operational and maintenance costs for off-grid projects while improving reliability and reducing greenhouse gas emissions.
Sophic Capital client Clear Blue Technologies is a provider of clean, wireless power solutions serving the multi-billion dollar off-grid market.
October 03, 2021: OK Public and Private Capital Markets Activity Given Recent Volatility
Last week, more than $2-billion was shaved off Lightspeed’s (LSPD-NYSE, LSPD-TSX) market cap in response to a short-seller report. Fintech Propel filed a preliminary prospectus for an IPO. Sophic client, HIRE Technologies (HIRE-TSXV) strengthened its balance sheet by closing a $2.8 million second tranche non-brokered private placement for a total of $4.8 million oversubscribed financing. The company has been growing at higher than market growth rates, a stronger balance sheet should help the company accelerate growth. Canadian tech talent scored another win as Stripe announced its first Canadian office in Toronto. In light of recent market turbulence Allvue Systems postponed its IPO in the USA. However, on Friday, electric vehicle maker Rivian filed for its IPO. Earlier in the week, EV company Polestar announced it would merge with Gores Guggenheim SPAC in a US$20 billion deal. Amazon unveiled a new robot, updated devices, and also revealed it was expanding into the fitness market, putting itself in competition with Apple more directly. TikTok reached 1 billion monthly active users, and also made its first foray into NFTs. The Fed has ‘no intention’ to ban cryptocurrencies, Jerome Powell told Congress. At Sophic Capital, we published notes on GameSquare Esports (GSQ-CSE) as Esports influencer TimTheTatman recently announced that he would join Complexity Gaming and GameSquare Esports and Body and Mind Inc. (BAMM-CSE, BMMJ-OTC), which has a strong brand presence in Nevada and could benefit in that state.
The New Wave Has Arrived in the “Battle Bong” State
Welcome to Nevada.
Fueled by a booming Las Vegas post-pandemic tourist boom, Nevada could see cannabis sales reach US$900 million by the end of 2021.
Cannabis licenses in Nevada, the Battle Born state, are scarce, but newly introduced cannabis lounges could pave the way for increased retail growth.
Body and Mind has a strong brand presence in Nevada that could benefit.
GameSquare Adds TimTheTatman to Increase Engagement and Drive New Revenue Streams
Esports influencer TimTheTatman recently announced that he would join Complexity Gaming [and GameSquare Esports.
TimTheTatman has built an audience of more than 4 million YouTube subscribers, 3.4 million Instagram followers, and 2.6 million Twitter followers.
Influencer advertising is growing as it gains acceptance with marketers – and TimTheTatman adds to GameSquare’ audience reach and engagement.