Have you been following the cannabis space lately?
United States President Joe Biden has officially signed a marijuana research bill into law, becoming the first piece of standalone federal cannabis reform legislation in the nation’s history.
The law aims to make scientists who study marijuana for medical purposes throughout the US much easier, mitigating the strict regulations they previously had to follow, which delayed research considerably.
Click here to read more.
Across Markets…
Australia’s sharemarket fell 0.5 per cent in a late sell-off prompted by the Reserve Bank raising the cash rate a quarter percentage point to 3.1 per cent and indicating further tightening in 2023.
The S&P/ASX 200 Index dropped 34.3 points to 7291.3; the All Ordinaries also fell 0.5 per cent to 7487.7.
Among the big four banks, ANZ suffered a 0.8 per cent fall to $24.38 while Westpac advanced 0.1 per cent to $23.75.
Gold miners were weaker, leading the index’s losses. St Barbara dropped 8.8 per cent to 62.5¢, West African Resources 8.4 per cent to $1.09, and Ramelius Resources 7.4 per cent to 94.5¢.
Gold futures fell 1.6 per cent to $US1780.20 an ounce after markets pushed expectations for the US Federal Reserve’s Fed funds rate higher on a run of positive economic reports. Traders restored their estimate for 2023’s peak US rates level to 5 per cent.
Coal stocks were higher. Coronado Global Resources added 2.6 per cent to $2, Whitehaven Coal 2.7 per cent to $9.81, and New Hope 2.1 per cent to $5.77. High-quality thermal coal rose 2.4 per cent to $US400.50 a tonne.
Source: AFR
Medcan and psychedelic pharmaceutical company Incannex Healthcare (ASX: IHL) has filed a provisional patent application directed to the use of lead drug IHL-42X for the treatment of obstructive sleep apnoea (OSA).
The application is the latest in the company’s ongoing commercial strategy to accrue a series of patent families across the development, manufacture and use of its drug candidates.
IHL-42X was designed to combine two drugs — tetrahydrocannabinol (THC or dronabinol) and acetazolamide — with therapeutic effects on OSA that act via different mechanisms.
Acetazolamide induces metabolic acidosis, raises the drive to breathe and reduces the sensitivity of body system that controls breathing, which lowers the incidence and severity of apnoeas and hypopnoeas.
Dronabinol is believed to activate muscles in the upper airway during sleep, thereby reducing the incidence of airway collapse.
Source: SmallCaps
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.26 -5.45%
Sector: Energy
Deal Type: Placement
Raise Amount: $933K & $5.8M
Latest Entry Price: $0.08 with a 1:2 Listed Option
Today’s Price Change: $0.036 Unchanged
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.011
Today’s Price Change: $0.017 +6.25%
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.03 with a 1:3 CDTOA
Today’s Price Change: $0.024 -4.00%
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 Listed Option
Today’s Price Change: $0.028 Unchanged
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.10 with a 1:4 LMGO
Today’s Price Change: $0.075 -1.32%
Company: Metgasco Ltd. (ASX:MEL)
Sector: Energy
Deal Type: Underwritten Rights Offer
Raise Amount: $4.58M
Latest Entry Price: $0.025 with 1:3 listed option
Today’s Price Change: $0.02 Unchanged
Company: Askari Metals Ltd (ASX:AS2)
Sector: Mining
Deal Type: IPO
Raise Amount: $5.7M
Latest Entry Price: $0.35 with a 1:3 AS2O
Today’s Price Change: $0.415 +2.47%
Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.01
Today’s Price Change: $0.02 Unchanged
Company: iCandy (ASX:ICI)
Sector: Gaming & Digital Advertising
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.02 with a 1:1 ICIOB
Today’s Price Change: $0.055 -5.17%
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.018 Unchanged
Company: Lobe Sciences (CSE:LOBE)
Sector: Medtech
Deal Type: Pre-IPO
Raise Amount: $1.5M
Latest Entry Price: $0.05 with a 1:1 Warrants
Today’s Price Change: $0.06 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $1.47 +0.68%
Sector: Satellite Communication
Deal Type: Placement
Raise Amount: $5.3M & $5M
Latest Entry Price: $0.44 with a 1:4 Option
Today’s Price Change: $0.25 Unchanged
Company: Nanollose Limited (ASX:NC6)
Sector: Biomaterials
Deal Type: Placement
Raise Amount: $2.85M
Latest Entry Price: $0.10 with a 1:2 NC6OA
Today’s Price Change: $0.075 Unchanged
Company: ReNu Energy Limited (ASX:RNE)
Sector: Energy
Deal Type: Placement
Raise Amount: $1.46M
Latest Entry Price: $0.06 with a 1:1 RNEO
Today’s Price Change: $0.052 Unchanged
Company: Cipherpoint Limited (ASX:CPT)
Sector: Cybersecurity
Deal Type: Placement
Raise Amount: $2.9M
Latest Entry Price: $0.005 with a 1:1 Listed Option
Today’s Price Change: $0.006 Unchanged
Company: Metals Australia Limited (ASX:MLS)
Sector: Lithium/Graphite
Deal Type: Placement
Raise Amount: $7.8M
Latest Entry Price: $0.078 with 1:1 MLSOD
Today’s Price Change: $0.045 +2.27%
Sector: Mining
Deal Type: Underwritten Rights Offer
Raise Amount: $2.98M
Latest Entry Price: $0.24 with a 1:1 BOAOA
Today’s Price Change: $0.10 Unchanged
Company: BBX Minerals Ltd (ASX:BBX)
Sector: Mining
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.082 with a 1:1 BBXOA
Today’s Price Change: $0.079 +9.72%
Sector: Consumer Discretionary
Deal Type: Seed, Bridging and IPO
Raise Amount: $10M
Latest Entry Price: $0.08 with a 1:1 CLBO
Sector: CBD
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today’s Price Change: $0.008 Unchanged
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.021 Unchanged
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