How did you sleep?
Some huge news overnight with our portfolio company, Nico.Lab receiving FDA clearance!
Just take a look at EMV and 4DX and we’re in at $6M pre-money….
Amazing work management!
For those that bid for SBR with the 1:1 SBROs, you will receive your allocations and bank details today.
Last night
Across markets…
Last night, U.S. stocks churned higher as investors piled into companies that will benefit most from a return to normal economic activity. Tech shares lagged behind, while gold slumped.
The S&P 500 Index rose in afternoon trading, adding to gains on news that Joe Biden will nominate former Federal Reserve Chair Janet Yellen to be Treasury Secretary.
The Nasdaq 100 was little changed, while small caps in the Russell 2000 jumped more than 2%. AstraZeneca Plc became the latest firm to deliver positive vaccine developments, bolstering demand for cruise-line operators and airlines.
Stocks had been weaker on news that cases continued to surge around the country and after New York’s mayor warned the city would be in “dire, dire shape” without additional federal aid.
Vaccine successes lately have added to a risk-on mood in markets and investors have snapped up assets that could benefit from the end of lockdowns and travel restrictions even as the virus rages across the nation.
Investors have also started to anticipate Congress will again deliver a spending bill to stave off the economic effects of new restrictions aimed at slowing the virus.
Source: Bloomberg
Stocks
The S&P 500 Index climbed 0.7% as of 3:06 p.m. New York time.
The Stoxx Europe 600 Index was little changed.
The MSCI Asia Pacific Index increased 0.2%.
Currencies
The Bloomberg Dollar Spot Index increased 0.3%.
The euro dipped 0.4% to $1.1815.
The Japanese yen depreciated 0.6% to 104.53 per dollar.
Bonds
The yield on 10-year Treasuries rose three basis points to 0.86%.
Germany’s 10-year yield advanced one basis point to -0.58%.
Britain’s 10-year yield advanced two basis points to 0.322%.
Commodities
The Bloomberg Commodity Index fell 0.2%.
West Texas Intermediate crude climbed 1.4% to $43 a barrel.
Gold depreciated 2.1% to $1,832.37 an ounce.
Source: Bloomberg
MGC Pharmaceuticals (ASX:MXC) has completed its $1.4m acquisition of Cannvalate’s Medicinal Cannabis Clinics (MCC) business to expand its distribution presence in Australia.
The acquisition includes the clinics of the MCC business, intellectual property, and data sets which have been transferred to an Australian company owned by MGC Pharma.
The Australian company, Medicinal Cannabis Clinic Proprietary Limited (MCCPL), will allow MGC Pharma to significantly expand its operational and distribution capacity in Australia.
“The MCC acquisition enables MGC Pharma to increase profit margin and meet our stated goal of providing high quality cannabinoid medications to patients at an affordable price,” managing director and co-founder, Roby Zomer said.
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.046 -2.13%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.12 Unchanged
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.084 +5.00%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.19 Unchanged
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.056 +3.70%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.096 +1.05%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.024 +14.29%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $3.05 +0.99%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.042 -14.29%
Sector: Mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.011 -8.33%
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3m
Price Change: $0.0050 Unchanged
Sector: Gaming
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Price Change: $0.19 -2.56%
Sector: Mining (Gold)
Year: 2020
Deal Type: Placement
Raise Amount: $982k
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.016 Unchanged
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Sector: Psychedelic assisted therapy
Year: 2020
Deal Type: Placement
Raise Amount: $2.5m
Price Change: CAD $0.045 -10.00%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.032 -5.88%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
