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Sophic Insights
Body and Mind Inc. (BAMM): Arkansas – Hog Wild for Cannabis
Arkansas is a limited-license medicinal cannabis state where patients are collectively spending US$600,000 per day. Sophic Capital client Body and Mind has seized upon Arkansas’ growth opportunity with its award-winning dispensary and its cultivation operations. Limited retail competition and upcoming cultivation ramp could create a significant moat, beyond its operations in Nevada, California, and Ohio.
HIRE Technologies (HIRE) – A Stock Ready to Go “HIRE”
COVID-19 economic recovery plans will likely include government stimulus programs targeted towards re-employing millions of affected workers across the United States and Canada.
To handle this impending surge in demand, the staffing industry will have to rely more heavily on technology driven solutions. Sophic Capital client HIRE Technologies is well positioned to capitalize on these staffing trends.
Luckbox (TSXV:LUCK) – Meet the New CEO
Since his days at gaming company Electronic Arts (NASDAQ:EA), Thomas Rosander has thought about the massive opportunity from combining the large, growing esports audience with betting. Now, as Real Luck Group’s new CEO, he has the opportunity and the tools to execute upon his vision, implementing a proven strategy he used at prior companies to grow players and revenues via a nuanced and data-driven marketing approach.
June 06, 2021: Quiet public markets fundraising week in North America
This past week was relatively quiet in terms of new public markets funding, in fact, in the United States, Barrons observed — DLocal is the only IPO this week due to the Memorial Day holiday. Next week, several companies are scheduled to go public, including TaskUs, LifeStance Health Group, and monday.com. We hosted an investor presentation for Sophic Client. In Canada, Dye & Durham (DND-TSX), following an indication of interest from a shareholder group led by management to acquire the Company, its board of directors has commenced a process to explore and evaluate potential strategic alternatives focused on maximizing shareholder value. The indication of interest would result in Dye & Durham being taken private at an approximate 23% premium to the current market value, being a per share value of $50.50 — recall the company raised $200 million in equity at $50.50/sh (in addition to convertible debt), a few months ago.