SponsorsOne Inc. (OTCMKTS:SPONF) jumped 10% last week. The company announced an update regarding its non-brokered private placement. Notably, the company issued around 29.077 units at $0.026 per unit for gross proceeds of approximately $756,000. Each unit comprises one common share and one purchase warrant that gives the holders an option to purchase one common SponsorsOne share at $0.05 per share for two years. The company will use the proceeds for…
Is Sundial Growers (NASDAQ:SNDL) Stock Worth a Buy After The Sharp Correction?
Sundial Growers (NASDAQ:SNDL) could benefit from cannabis legalization in the USdespite the federal government being adamant o legalization. Currently, sundial Growers is exclusively tied to the Canadian market, but that could change once the US reschedules cannabis. Besides the stock attracting investors in social media platforms for a possible short squeeze spark, the company focuses on the production of premium cannabis products catering to hardened connoisseurs and canna-curious consumers. For…
Greenpro Capital Corp (NASDAQ:GRNQ) Stock Slid 20% Last Week: Here is Why
Greenpro Capital Corp (NASDAQ:GRNQ) fell 20% last week. The company’s incubator firm Angkasa-X entered an MOU with Silkwave Holdings Limited to form a joint-venture strategic alliance to create and run the first GEO-LEO combined services and satellite network platform in the world. It will be offering integrated satellite services addressing the varying needs in the ASEAN region in multimedia infotainment, internet connectivity, precision tracking and navigation, vehicle-connected services, and environmental…
Cinedigm Corp (NASDAQ:CIDM) Stock Jumps 10% in a Week: More to Come?
Cinedigm Corp (NASDAQ:CIDM) jumped 10% last week after releasing its interim unaudited financial results for fiscal Q1 2022.Consolidated revenues were up 149% YoY to $15 million, driven by ongoing streaming growth, especially in the ad-supported streaming operations and sales from Digital Cinema equipment. The streaming channel generated 181% YoY, while ad-supported streaming revenues were up 301% YoY. Notably, subscription streaming channel revenues were up 88% YoY, with streaming digital content…
Ardelyx Inc. (NASDAQ:ARDX) Stock On The Watchlist After The Recent News
Ardelyx Inc. (NASDAQ:ARDX) is in focus after announcing the publication of its long-term 52-week third phase PHREEDIM study in the American Society of Nephrology Journal, Kideny360.CEO and President Mike Raab said that the study assessed tenapanor monotherapy. It was the third of the three third phase studies conducted in the evaluation of tenapanor for serum phosphorous control in chronic kidney disease patients on dialysis. Mike said that the data from…
ADAMIS Pharmaceuticals Corporation (NASDAQ:ADMP) Stock Continues to Gain Momentum: Now What?
ADAMIS Pharmaceuticals Corporation (NASDAQ:ADMP) is up 8% in a month. Recently the company received a notice from The Nasdaq Stock Market LLC’s Listing Qualification Department regarding its failure to file its Quarterly Reports on Form 10-Q for the quarter ending June 30, 2021, as well as for the quarter ended March 31, 2021. As a result of the failure, the company is not compliant with listing Marketplace Rule 5250(c)(1). The…
Assure Holdings Corp (OTCMKTS:ARHH) Stock In Focus After The Recent Development
Assure Holdings Corp (OTCMKTS:ARHH) jumped 15% last week after announcing the submission of an application for NASDAQ Capital Market listing. In connection with this application, the company’s Board of Directors approved a 5:1 common stock shares consolidation to meet NASDAQ’s minimum share price requirement and its board committees’ realigning as per the NASDAQ rules. Equally, the Board approved the adoption of a new Business Conduct and Ethics Code and new…
CytoDyn Inc. (OTCMKTS:CTDY) Stock Attempts To Rebound: What’s The Buzz?
CytoDyn Inc. (OTCMKTS:CTDY) jumped 3% after issuing a statement to shareholders commenting in the Court Order entered by US District Court Judge in the suit by the company against a Bruce Patterson and Paul Rosenbaum-led activists group. The Order issued regarding the Activist Group’s email solicitations yet to be filed with SEC in violation of SEC rules stated that Email Solicitations comprise solicitations for SEC Act of 1934 purposes and…
Innovative Payment Solutions Inc. (OTCMKTS:IPSI) Stock Moves Up On High Volume
Innovative Payment Solutions Inc. (OTCMKTS:IPSI) jumped 27% after announcing an amendment to the previously submitted Preliminary Proxy Statement Notice of Annual Meeting of Stockholders. The updated Preliminary Proxy Statement proposes the voting on a reverse share split of all outstanding and issued common stock shares at a ratio of 1 share for a number of shares between 2 and 30 that the Board of Directors will determine. Already the company…
ILUS International Inc. (OTCMKTS:ILUS) Stock Soars 180% in a Month: But Why?
ILUS International Inc. (OTCMKTS:ILUS) jumped 7% and 180% in a month. After acquiring three companies so far this year, the company is working on adding more acquisitions. At the same time, develop, test, and certify new technologies to add to the current disruptive patented tech stable. To leverage the acquisitions, the company has appointed Jason Bolze as a sales director. Bolze has over ten years of sales experience that include…