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The hype and swipe routine is being resurrected.
LOL
Thats what happens when volume and pps dries up.
Insiders need to get paid.
GLTA & JMO
Wow. What a surge in volume and price support.
Looks like the capital infusion is going to push this one into a whole new tier of investment. And by the looks of the L2 there are some big names getting in. Looking forward to the coverage and news that is no doubt looming.
GLTA & JMO
Xebec Announces $10 Million Bought Deal Public Offering of Units
MONTREAL, June 11, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. ("Xebec" or the "Corporation") (TSXV:XBC) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Desjardins Capital Markets (the “Underwriters”) pursuant to which the Underwriters have agreed to purchase on a bought deal basis 7,200,000 units (the “Units”) at a price of $1.40 per Unit (the “Offering Price”) for aggregate gross proceeds to Xebec of $10,080,000 (the “Offering”).
Each Unit will consist of one common share of the Corporation (a "Common Share") and one common share purchase warrant (each common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share, at a price of $1.85 per Common Share, for a period of 12 months from the closing date of the Offering.
The Corporation has granted the Underwriters an option, exercisable, in whole or in part, at any time until and including 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering at the Offering Price to cover over-allotments, if any. The Underwriters can elect to exercise the Over-Allotment Option for Units only, for Warrants only, or any combination thereof. If the Over-Allotment Option is exercised in full, the total gross proceeds of the Offering will be $11,592,000.
The Units will be offered by way of short form prospectus to be filed in each of the provinces of Canada and in the United States by way of private placement pursuant to the exemption from registration provided for under Rule 144A of the United States Securities Act of 1933, as amended, and in such other jurisdictions outside of Canada and the United States as are agreed to by the Corporation and the Underwriters, in each case provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction and that the Corporation will not be or become subject to any continuous disclosure obligations in such jurisdiction.
The Corporation intends to use the net proceeds from the Offering to develop and invest in new RNG projects, to expand its monitoring and service capabilities through selective acquisitions and for general corporate purposes.
The Offering is expected to close on or about July 4, 2019 (the "Closing Date") and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and applicable U.S. state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.
For more information:
Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Marketing
+1 450.979.8718 smurphy@xebecinc.com
Kurt Sorschak, President and Chief Executive Officer
ksorschak@xebecinc.com
About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the Corporation, its products and services, visit Xebec at xebecinc.com.
This helps get the word out.
https://smallcappower.com/analyst-articles/halo-labs-cannabis-extraction-stock/
GLTA & JMO
SGSI Hostages everywhere. LOL
Think about it.
:)
GLTA & JMO
Short interest is through the roof compared to a month ago.
Big bet that this spikes soon. Its a Top20 Cannabis company that is growing revenues on a monthly basis. They also have some good properties coming online and a great hold on some proprietary products.
Look for a reversal soon.
GLTA & JMO
There will be some conversion of debentures but the conversion price is .67 so I'd look for it to stay in this range if people are just looking to get out.
Company continues to drive revenue northwards and execute well.
I'll wait for a buyout. The short-term volatility in the markets is spooking some investors. Good opportunity to get into some weed stocks at good valuations. WEED and Infrastructure are great defensive stocks.
:)
GLTA & JMO
Halo Labs Announces Strategic Partnership with High Tide for Exclusive Distribution of DabTabsTM Home Preparation Kits
TORONTO–Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) is pleased to announce that it has partnered with High Tide Inc. (CSE: HITI, OTCQB: HITIF, FRA: 2LY) to introduce Halo-produced products through High Tide’s distribution channels. High Tide has an extensive distribution network throughout Canada, the United States and Europe with an impressive portfolio of subsidiaries.
The first phase of the collaboration will be a roll-out of in-house DabTabsTM to create a revolutionary product where consumers will receive a do-it-yourself (“DIY”) kit in which they can prefill DabTabsTM Tablets with measured doses of either cannabis or cannabidiol (“CBD”). These unique DIY DabTabsTM kits position Halo and High Tide as industry leaders penetrating the home preparation market. The partnership will generate distribution of this product throughout Canada, USA and Europe, and will be the first of many products that the companies will launch jointly.
Kiran Sidhu, CEO of Halo Labs, commented: “I am truly excited about this partnership that will strengthen Halo’s presence within the United States and expand its reach into Canada and Europe. This introduction to international markets is laying the groundwork for the Company to obtain access to the world, while providing Halo branded products directly to the consumer. With Halo being the product producer and High Tide being the hardware provider, the potential is endless.”
Raj Grover, President and Chief Executive Officer of High Tide Inc. added: “We are very excited to work with Halo as a leader in cannabis concentrates and other cannabis derivative products, including the innovative DabTabsTM. Our strengths in e-commerce through Grasscity.com and global wholesale distribution network are a great fit for this exclusive partnership with Halo and their portfolio of growth initiatives.”
Based in Amsterdam since 2000, Grasscity.com is the world’s preeminent and most searchable online retailer of smoking accessories and cannabis lifestyle products with approximately 5.8 million site visits annually.
Halo exclusively licenses DabTabs from ilo™ Vapor whose patent pending devices are reinventing vaping. The synergies between ilo™ Vapor’s technology and Halo’s allows consumers to enjoy a full-spectrum cannabis experience that is cleaner and simpler than traditional dabbing. This product distributed throughout High Tide’s global network will expand Halo’s already notable footprint.
ABOUT HALO LABS
Halo is a cannabis extraction company that develops and manufactures quality cannabis oils and concentrates, which are the fastest growing segments in the cannabis industry. Halo has expertise in all major cannabis manufacturing processes, leveraging proprietary processes and products, and has produced over 3.5M grams of oils and concentrates since inception. The forward-thinking company is led by a strong management team with deep industry knowledge and blue-chip experience. The Company is currently operating in California and Oregon as well as Nevada with our partner Just Quality. The Company has also begun operations in Lesotho Africa through a strategic partnership. With a consumer-centric focus, Halo will continue to market innovative branded and private label products across multiple product categories.
Xebec Reports Record Q1, 2019 with a 206% Increase in Revenue
- EBITDA of $1.1 million, and Net Profit of $0.4 million -
MONTREAL, May 28, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC – OTC: XEBEF) ("Xebec"), a global provider of gas generation, purification and filtration solutions announced today its 2019 first quarter results, with the following highlights:
~ Record revenues of $9.8 million in the first quarter of 2019 compared to $3.2 million for the same period in 2018, a 206% increase.
~ Positive EBITDA at $1.1 million for 2019 compared to $(0.9) million for the same first quarter in 2018.
~ Net profit of $0.4 million or $0.01/share for 2019, compared to a net loss of ($1.4) million or ($0.03)/share for the same period in 2018.
~ Working capital was stable at $5.2 million as of March 31, 2019, for a current ratio of 1.4:1 compared with working capital of $5.2 million and a 1.6:1 ratio on December 31, 2018.
Financial Results
Revenues of $9.8 million for the first quarter of 2019 compared to $3.2 million for the same period in 2018, a 206% increase. The increase is mainly explained by the high volume of major cleantech contracts and a company acquisition.
Gross profit of $3.3 million or 34% of revenues for the first quarter of 2019 compared to $0.8 million for the same quarter in 2018, a 323% increase compared to the same period in 2018. The company has a higher gross margin in the cleantech segment.
Net profit of $0.4 million or $0.01 per share for the three-month period ending March 31, 2019, compared to a net loss of ($1.4) million or ($0.03) per share for the same period in 2018, an improvement of $1.8 million. The increase is mainly due to higher sales and margin.
Positive EBITDA of $1.1 million for the three-month period ending March 31, 2019, compared to ($0.9) million for the same period in 2018, an increase of $2.0 million.
Backlog increased by $5.8 million, from $66.1 million on May 28, 2018, to $71.9 million on May 27, 2019.
Selling and administrative expenses increased by $1.0 million in the first quarter of 2019 compared to the same quarter of 2018. This is primarily due to an organizational scale-up of employees and associated costs to support the increased level of sales, order backlog and building quote log.
As of March 31, 2019, the company had $0.5 million of cash on hand and positive working capital is stable at $5.2 million, same as of December 31, 2018.
CEO Quote:
“The renewable gas industry is finally making headway. The recent announcement of UPS to source 170 Million Gallon Equivalents of RNG over a seven-year period from Clean Energy Fuels Corp., is the largest ever purchase of RNG in U.S. history. This will reduce as much as 1 million metric tons of GHG emissions over the life of the agreement. It is equivalent to planting 17,000,000 trees, removing 228,000 cars off the road, or recycling 374,000 tons of waste that would otherwise be sent to the landfill. UPS drives more than 6,100 CNG and LNG vehicles which can be powered by RNG, allowing these staggering reductions in lifecycle greenhouse gas emissions when compared to conventional diesel.
Heavy duty transport and public transit vehicles are ideal for RNG as a transport fuel. Environmental benefits are significant, and the technology is fully commercial and readily available, contrary to either fuel cell or battery technology which has not yet reached the same stage of development as RNG for heavy duty applications. RNG is a unique fuel derived from organic waste materials that links the circular economy - from energy production in the form of zero-carbon transport fuels benefiting the environment, through other participants in the waste generation and processing industries like farmers, food processors, municipalities, waste companies, and others. Xebec looks forward to playing a leading role in the future development of this emerging industry.” – Kurt Sorschak, President and CEO, Xebec Adsorption Inc.
Current Market and Guidance for 2019
Our outlook for renewable natural gas and hydrogen purification remains unchanged from our previous guidance. We expect our Service segment, which includes Industrial Air & Gas, to continue its revenue growth in line with our acquisition strategy. Overall, we anticipate significant revenue growth in 2019 from both our European and Chinese subsidiaries, as well as our North American business. Our guidance is based on current order backlog plus anticipated future orders throughout the year. We maintain our guidance of CDN$ 45.0 million+ and earnings per share (EPS) in the range of $0.10 to $0.13 for 2019. Execution and organizational development will be key to continuing growth. Management recognizes this and is fully focused on operational performance and the creation of an environment that will allow the company to scale. We are working on expanding our managerial capabilities, building strong, results-driven teams that will deliver on the opportunities facing us.
Systems - Clean Technology
Our renewable gas solutions are delivering expected results. Our efforts to obtain larger landfill gas orders are gaining traction and we expect to report progress on this front within the next two quarters. These orders will be instrumental to our growth in 2020. We continue to regard quote activity as an early indicator for future order activity. Our current quote log exceeds $760 million, and our order backlog is almost $72 million. Xebec has started to expand its European focus to include Spain, a country that has not yet implemented any renewable gas policies, but these are expected soon. We maintain our 2019 guidance for RNG systems and equipment and expect growth of 130% to 150% in 2019, generating revenues in the range of $33 to $35 million, expenses of approx. $25 million and gross margins of approx. $10 million.
Service - Industrial Air & Gas Products, Parts and Support
Xebec continues to pursue organic and inorganic growth opportunities and expects to double revenues from $6.1 million in 2018 to about $12 million in 2019, with expenses of approx. $7.5 million and gross margin at around $4.5 million. Our Q1/19 numbers are on track. We will be introducing additional filtration products over the coming months to help boost our overall gross margin. The product mix is an important contributor to GM achievability which is 40%+ in this segment. Our first acquisition, Compressed Air International (CAI) in Ontario, has performed well in Q1/19 and is on track to grow revenues by 20% this year. Xebec is working on its next two acquisitions and expects to close them in 2019 with another two in 2020.
Infrastructure - Renewable Gas Generation
In early May 2019, Xebec’s Board of Directors approved an expanded strategy for Xebec’s Infrastructure segment, allowing management to engage with an increasing number of potential partners to explore more opportunities. Currently, Canada has two provinces that offer renewable Gas Purchase Agreements (GPAs) with terms of up to 20 years and prices of up to $30/GJ. California has recently announced a target of 20% RNG by 2030, offering unique investment opportunities with prices of up to $75/GJ. As previously announced, Xebec is actively working on the establishment of its RNG infrastructure business where we will build, own and operate (BOO) high-quality renewable gas assets in Canada and California, and sell renewable natural gas to obligated parties and other third-party off-takers. Xebec hopes to announce its first project by mid-year. No revenues or costs have yet been recorded.
2019 First Quarter Financial Statements and Management’s Discussion and Analysis
The complete financial statements, notes to financial statements, and Management’s Discussion and Analysis for the three-month period ended March 31, 2019, are available on the company’s website at www.xebecinc.com or on the SEDAR website at www.sedar.com
Related links:
https://www.xebecinc.com
https://www.cnn.com/2019/05/22/business/ups-renewable-natural-gas/index.html
For more information:
Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Marketing
+1 450.979.8718 smurphy@xebecinc.com
Kurt Sorschak, President and Chief Executive Officer
ksorschak@xebecinc.com
About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.
A close at the 52 week high and HOD.
Gotta love that.
GLTA & JMO
New 52 Week high this morning.
Earnings to follow.
:)
GLTA & JMO
New 52 week high. :)
GLTA & JMO
She's rolling hard to the upside. Bid swelling and earnings in a week.
Will likely be north of the 52 week high by then.
GLTA & JMO
Wow. $112K worth @ .68
Might be time to add myself. :)
GLTA & JMO
XBC reporting on May 28th.
Should be interesting.
GLTA & JMO
LOL. What a disaster that guy was.
Bulltarded at best, a harbinger of epic distortion at worst.
And then some..
GLTA & JMO
Or maybe CASH was never a viable option. Because the company had none.
See how dilution works?
GLTA & JMO
Not really.. back to triple zeros.
Just as some very wise people had predicted.
LOL
And this RS wont be any different.
Just more losses for shareholders and more write-offs on gifted shares for insiders.
Wash. Rinse. Repeat.
GLTA & JMO
Love the end of day paint job.
LMAO.
Sweet times at dilution high!
GLTA & JMO
It will take some time to churn through the warrants. The price will follow but the key for the company in the short-term is execution of the plan and to continue the trajectory of revenue generation.
The rest will follow. HALO could very well be a takeout target before end of year.
GLTA & JMO
Or dive like a rock.
Which us more likely with all the overhang?
Somethings never change.
GLTA & JMO
Just a matter of TIME!
GLTA & JMO
From the PR:
"...announced that it has forced the conversion of over $3.67 million in convertible seller notes that were issued in 2017 and 2018 into Common Stock."
Yikes. Sounds like the spigots of dilution are about to be opened wide.
LOL
GLTA & JMO
LOL.
One disaster to another..
GLTA & JMO
Halo Announces Launch of DabTabs Go(TM) A New Vaporizer Cartridge Designed for DabTabs(TM) Dablets
Halo Labs Inc. ("Halo" or the "Company") (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) is pleased to announce the launch of DabTabs Go™, the latest step by Iconic Ventures, Inc. ("ilo") in its mission to reinvent vaporization.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190506005812/en/
ilo’s DabTabs Go™ is the first and only ultra-portable vaporizer for DabTabs™ Dablets designed to work with ilo’s vari™ battery and most “510 thread” batteries, which are the prevalent batteries used to vaporize cannabis. DabTabs Go™ provides quick, consistent and controlled heating, assuring consumers a full-spectrum, vaporization experience with DabTabs Dablets. DabTabs Go™ ultra-portable design makes it easier than ever for consumers to utilize DabTabs’™ specific, measured dosing virtually anywhere.
ilo’s DabTab™ Dablets are the first full spectrum vaporization product engineered for true vaporization, avoiding combustion, and provide a specific measured and controlled dose. Unlike other products that claim accurate dosing, DabTabs™ Dablets are ASTM C373-18 certified to hold a specific volume that provides an accurate, vaporizable dose. They are the first and only ASTM C373-18 certified vaporizer product to hold a specific volume that is accurate every time, since the amount of cannabis distillate oil or concentrate comes pre-loaded in the DabTabs™ Dablets.
In January Halo and Iconic announced the launch of DabTabs™ Dablets under the Gilt™ brand in Oregon and then subsequently launched GiltTM DabTabs™ Dablets in Nevada in February and California in April. ilo expects DabTabs Go™ to be commercially available in July 2019 and will be introduced by Halo under its Gilt™ brand in California, Nevada and Oregon.
David Orr, Chief Revenue Office of Halo said: “We are very excited to introduce the DabTabs Go™. This product is a technological breakthrough and offers a revolutionary way to experience Gilt™ DabTabs™ Dablets. The DabTabs Go™ provides ultimate portability and convenience, and we’re looking forward to it making GiltTM DabTabs™ Dablets even more enjoyable for vaping consumers.”
Michael Lindars, ilo’s CEO and Founder, said: “We are extremely excited about this revolutionary product that provides ultra-portable convenience for DabTabs™ consumers”. Lindars continues, "We’re thrilled to hear from so many early adopters and DabTabs™ changed the way they consume cannabis, DabTabs Go™ brings this to an entirely new level and we could not think of a better strategic partner than Halo for the launch of this product."
ABOUT HALO LABS
Halo is a cannabis extraction company that develops and manufactures quality cannabis oils and concentrates, which are the fastest growing segments in the cannabis industry. Halo has expertise in all major cannabis manufacturing processes, leveraging proprietary processes and products, and has produced over 3.5M grams of oils and concentrates since inception. The forward-thinking company is led by a strong management team with deep industry knowledge and blue-chip experience. The Company is currently operating in California and Oregon as well as Nevada with our partner Just Quality. The Company has also begun operations in Lesotho Africa through a strategic partnership. With a consumer-centric focus, Halo will continue to market innovative branded and private label products across multiple product categories.
The warrants are looking like a good deal right now.
GLTA & JMO
Yep. A 30%~ bump in revenues.
Not too shabby.
GLTA & JMO
Thanks. I am holding the debentures that come with warrants and the interest. I am bullish to say the least. Just curious how many warrants may have been exercised from those who liquidated core holdings.
In any case HALO should provide some nice upside.
GLTA & JMO
How many warrants out there still? Looking forward to the overhang being reduced.
GLTA & JMO
I was just in Bavaria.. and they definitely werent cheersing to this dog.
LOL
Maybe next RS they will finally succumb to reality.
GLTA & JMO
LOL.
Read the latest filings.
I cant even make this stuff up.
GLTA & JMO
The chart is a thing of beauty. Volume precedes price and when it moves it will move in a hurry.
GLTA & JMO
Yep. Warrant conversions have been a drag but once the overhang is gone we should be clear for a breakout. It looks like most of the conversion is from a few large holders. Shouldn't take too long with volume in the 1M share range recently.
GLTA & JMO
If they announce a deal to list on the CSE, Alpha or TSX-V we will see this rally well above the $1 mark.
Just gotta keep executing and growing the market share.
GLTA & JMO
Pretty sure it’ll be around then and another proof point towards the potential value here.
I see HALO either being taken out or vaulting into a major exchange by year end.
GLTA & JMO
How many beers are we at?
LOL
Sock puppet Larry and his MVTG pipe dream were the tip of the special spear here.
Don’t forget to include his name in any complaints.
GLTA & JMO
Love the way this is trading. Gotta have some imagination to what will happen when they hit a mainstream exchange and volume really goes wild.
The rev run-rate and the positioning in CA is enough on its own to send this to $2
Anybody think this will likely be an acquisition target ahead of year end?
GLTA & JMO
Gotta love the chart and how the company is on a massive growth trajectory.
GLTA & JMO
Yep.
This was a textbook example if a share selling scheme. Only those promoting this disaster are to blame.
GLTA & JMO