EnWave Corp. (TSXV:ENW – $1.06 CAD & OTC:NWVCF – $0.86 USD & Frankfurt:E4U – €0.70) successfully closed its public offering that it announced early November. The Company added gross proceeds of no less than $10,006,500 to its bank account.
A syndicate of underwriters, led by Cormark Securities, sold 8,760,000 EnWave units at a price of $1.05 per unit for aggregate gross proceeds of $9,198,000. Each unit consists of one common share of EnWave and one-half warrant. Each full warrant entitles the holder to purchase an additional EnWave share at $1.50 for a period of 60 months following the closing of the offering.
In addition, EnWave sold, on a non-brokered private placement basis, 770,000 units for gross proceeds of up to $808,500. These units are identical to the previous ones, except that they are subject to a statutory four-month hold period, which expires on March 16, 2018. [click to continue…]
This week, EnerSpar Corp. (TSXV: ENER – $0.08 & Fra: 5E0 – €0.04) confirmed that it is ready to proceed with its initial drilling program, as part of exploration work currently underway, at its flagship Johan Beetz Property. The first phase of drilling is set to commence immediately, while a second phase is planned to follow up in spring 2018.
The Johan Beetz project, located in the Canadian Province of Quebec, may be considered an advanced stage asset in that there is a significant historic feldspar resource, and the deposit once hosted a producing mine. The deposit includes both potassic and sodic feldspars, which are the rarest types of feldspar and of the highest value. However, there is no compliant NI 43-101 Resource Estimate for the property, which is the standard required for mineral resource documentation and corporate disclosure.
With the feldspars located right near surface at Johan Beetz, it will be a relatively simple process with lower risk and fewer expenses to complete confirmation drilling necessary to establish a compliant resource. [click to continue…]
Acme United Corporation (ACU – $22.30) is a worldwide supplier of cutting devices, measuring instruments and first-aid products for school, home, office, industrial and hardware use.
Acme’s online sales are growing very rapidly, particularly at Amazon, and also at Jet, which is part of Walmart. The Company has a team working exclusively on online content, reviews, and search optimization. This is paying off. In particular, the first aid area and the Westcott business are performing strong online.
However, Acme faces several challenges with online growth. One of them is to maintain, or even grow, its market shares across all major product lines, while the shift from retail stores to online is in full force. Acme is succeeding very well in this endeavour, while many others are struggling. [click to continue…]
After reporting the successful closure of a transaction with a Canadian cannabis producer earlier this month, EnWave Corporation (TSXV:ENW – $1.07 CAD & OTC:NWVCF – $0.87 USD & Frankfurt:E4U – €0.74) continues to deliver on its expansion plan with the announcement of two additional new clients this week.
The first of these deals involves AvoChips LLC, a processer within the Snack Food Industry that is developing a new product made from dried avocado slices. EnWave has granted an exclusive license to AvoChips to use its Radiant Energy Vacuum (REV) dehydration technology in the processing of this new snack food.
One appealing aspect to this arrangement is that the use of REV technology ensures that the sliced, ripe avocado chips do not succumb to a bitter flavor when exposed to air, as would occur with other processing options. This represents a proprietary advantage that directly contributes to a premium product made possible by REV processing. [click to continue…]
Tecogen Inc. (TGEN – $2.32), the vertically integrated clean technology Company that offers equipment design, manufacturing, installation, financing and long-term maintenance service, reported third quarter financial results. These were very important numbers for Tecogen in that it was the first full quarter in which American DG’s (ADGE) financials were integrated. Remember that American DG was acquired by Tecogen in May, 2017.
Revenue in the third quarter, ended September 30, 2017 was $8,501,198 compared to $6,616,455 for the same period in 2016. An impressive surge of 28.5% in top line revenue and also the highest quarterly revenue ever in the Company’s history.
Total service related revenues for the third quarter of 2017 grew 20.0% over the prior year period, driven primarily by installation activity, while product revenue declined 14.9% compared to the third quarter of 2016. Chiller and heat pump sales more than doubled, partly offsetting a 30.2% decline from what were record cogeneration sales in the year-ago period. This is a temporary issue however, as many sales were shifted to the fourth quarter. [click to continue…]
Imagine if the entire distribution network supporting Canada’s $9 billion beer industry suddenly disappeared. No more going to the corner store, food market, or nearby government outlet to get your favourite beer. The only solution you have is to drive directly to small-batch craft brewers, where you can only hope that their beer has stayed fresh and that they haven’t run out.
This is the potential chaos confronting Canada’s soon-to-be-legal cannabis market, estimated to be worth $6-8 billion annually by 2020. The reason is simple, while growers worry about increasing their output and governments haggle about how legal cannabis will be sold, a national distribution channel to accumulate, blend, brand, package, and distribute cannabis products and accessories simply doesn’t exist yet. So when all those eager shoppers start clamouring for cannabis products starting next Canada Day, chances are that many of them will encounter goods of inconsistent quality that are in short supply — or even not available at all in rural areas. [click to continue…]
The, among investors, highly anticipated deal with a cannabis related company is now official. EnWave Corporation (TSXV:ENW – $1.06 CAD & OTC:NWVCF – $0.84 USD & Frankfurt:E4U – €0.76) signed a royalty bearing agreement with a major Canadian cannabis player with international presence.
The license grants the cannabis grower the exclusive right to use the Company’s proprietary Radiant Energy Vacuum (REV) dehydration technology to dry and decontaminate cannabis in Canada.
In return for the exclusivity, the producer has purchased a small-scale 10kW commercial REV unit to enable advanced product development along with a large-scale 60kW commercial REV machine that will be used to initiate commercial production. The 10kW dryer will be installed before the end of the year, while the 60kW unit is scheduled to be commissioned in May, 2018. [click to continue…]