Here’s last weeks (May 22-26) update on 3 Canadian Companies that have all made recent announcements. They can all be found on the Toronto Stock Exchange Venture.
Grande West Transportation (TSXV: BUS, OTC PINK: GWTNF)
Last week Grande West announced new orders for 9 Vicinity buses for a total of approximately $4.5 million CAD. Hamilton Street Railway ordered 5 compressed natural gas (CNG) Vicinity buses in their first order from Grande West. Hamilton Street pioneered the world’s first fleet of CNG buses in 1985. The City of Moose Jaw, a return customer, also ordered an additional 4 Vicinity buses. Grande West now has a backlog of current total firm orders for 2017 and the first half of 2018 for 276 buses valued at over $100 million CAD.
William Trainer, CEO of Grande West stated in the release, “We are very pleased to receive follow on orders from existing customers and forge new relationships with transit agencies throughout Canada. It’s very exciting to be working with HSR with our new CNG Vicinity.
On Tuesday, May 30th, 2017, Grande West Transportation will be releasing first quarter results and holding a conference call to discuss Q1 financials, market outlook, production, quality assurance, Q2 deliveries, and Buy American production. A recording of the conference call will be available on Grande West’s website the following day.
Shares of BUS began trading last week at $2.72 reaching a high of $3.11 before closing the week at $2.99 per share.
Siyata Mobile (TSXV: SIM, OTCQB: SYATF)
Siyata Mobile announced on May 24th, 2017 that they have launched a full booster portfolio and Uniden U620 rugged device at staples.ca. staples.ca will sell Siyata’s full range of Uniden cellular signal booster kits along with its Uniden U620 rugged device. The Uniden U620 is the perfect mobile device partner for use in agriculture, security, construction, mining, forestry and many other industries. It is based on an Android operating system and supports the leading Push-To-Talk software options for instant communication.
Marc Seelenfreund, CEO of Siyata, stated, “staples.ca is a leading e-commerce retailer for cellular products in Canada, and we are excited to partner with them to offer both our booster portfolio, as well as our rugged mobile device.”
Shares of SIM began last week trading at $0.49 and closed on friday at the week’s high of $0.56.
Theralase Technologies Inc. (TSXV: TLT, OTC: TLTFF)
Theralase announced on May 26th, 2017 that they have successfully achieved primary and secondary objectives for the first three patients treated using their anti-cancer technology for bladder cancer. The independent Data and Safety Monitoring Board unanimously decided that the primary and secondary objectives for the first part of the Phase 1b Non-Muscle Invasive Bladder Cancer clinical study have successfully been met.
Princess Margaret Cancer Centre, University Health Network, in accordance with the decision, is now recommended to enrol an additional 6 patients for the second part of the study, treating them at a therapeutic dose of the photo dynamic compound for Non-Muscle Invasive Bladder Cancer using its novel Photo Dynamic Therapy technology. The study is being used to evaluate TLD-1433 for: the primary endpoint of safety and tolerability, secondary endpoint of pharmacokinetics (movement and exit of the drug within tissue), and exploratory endpoint of efficacy.
Shares of TLT began trading last week at $0.465, where it also ended the week, and had a high of $0.55.