What a night for our Canadian companies, LOBE hitting $0.12 and Sweet Earth +26% to $0.24 CAD on large volume!
NEW PEAK DEAL live this morning with 1:1 listed options so make sure to check your emails before 10:30am AEST!
Just a reminder, for those in Melbourne that want to catchup for a beer and bowls, let us know for THU 530pm
Across markets…
Last night, stocks fell as coronavirus infections swept across U.S. states, triggering fears of more restrictions. The pound pared losses as the U.K. agreed on further talks with the European Commission to address the impasse over a trade deal.
The S&P 500 dropped from an all-time high, led by energy and financial companies. Intel Corp. tumbled on news that Apple Inc. is planning a series of new Mac processors for introduction as early as 2021.
Interactive Brokers Group Inc. sank after saying it was experiencing “a significant failure” across multiple parts of its data storage system. The Nasdaq 100 rose for a ninth straight day — its longest winning streak in almost a year.
Boeing Co. jumped as UBS Group AG recommended buying shares of the planemaker. Airbnb Inc. boosted the price range of its initial public offering.
Source: Bloomberg
ASX pot stocks have continued their surge following the latest move towards marijuana decriminalisation in the US.
One of the many catalysts for cannabis sector hype in recent months has been the push for liberalisation in the US – which would create a significant market.
Joe Biden promised it would happen under his presidency and his victory led to several ASX pot stocks stocks rising.
But over the weekend the US House of Representatives passed the Marijuana Opportunity Reinvestment and Expungement (“MORE”) Act. It erases cannabis from the US Controlled Substances Act and pardons non-violent federal marijuana convictions.
Admittedly, the Democrat-sponsored bill has no chance of becoming law while Republicans hold the Senate.
But it nonetheless reflects the huge shift on cannabis sentiment in the US and also globally. Yesterday, more than half of ASX pot stocks rose. More symbolically not a single stock is down in the last month and the average gain is 52 per cent.
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.044 +2.33%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.14 -3.45%
Sector: Satellite Communication
Year: 2020
Deal Type: Placement
Raise Amount: $5m
Price Change: $0.028 -6.56%
Sector: Vertical Farming
Year: 2020
Deal Type: Placement
Raise Amount: $1.53m
Price Change: $0.078 +11.43%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.070 -7.89%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.20 +5.26%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.050 Unchanged
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.078 -12.36%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.025 -3.85%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.75 -7.41%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.033 -2.94%
Sector: Mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.010 Unchanged
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3m
Price Change: $0.12 Unchanged
Sector: Gaming
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Price Change: $0.16 Unchanged
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: $0.014 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 $0.11 +10.00%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.034 +3.03%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
