Allegiant Gold Announces A C$4.0 Million Strategic Investment By Kinross Gold Corporation For Exploration At The Eastside Property



Allegiant Gold Announces A C$4.0 Million Strategic Investment By Kinross Gold Corporation For Exploration At The Eastside Property

Research, News, and Market Data on Allegiant Gold

 

Reno, Nevada /March 14, 2022 – Allegiant Gold Ltd. (“Allegiant” or the “Company”) (AUAU: TSX-V) (AUXXF: OTCQX) is pleased to announce a C$4,014,404 financing and strategic investment by Kinross Gold Corporation (“Kinross”) (NYSE: KGC, TSX: K) which will accelerate the exploration and development activities at the Eastside property in Nevada. On closing Kinross will own 9.9% of the then issued shares of Allegiant.

Kinross operates the Round Mountain gold mine, located across the valley from Allegiant’s Eastside project. Round Mountain is one of the largest open pit gold mines in the United States.

Peter Gianulis, CEO of Allegiant Gold, commented: “We are very excited to have Kinross as a strategic partner, given their experience and prominent presence in Nevada, and the relative close proximity of their flagship Round Mountain Mine, which shares many similar geological characteristics to Eastside. Allegiant and Kinross have developed an excellent rapport over the years, and we look forward to a productive and collaborative working relationship with them.”

Kinross has entered into a $4,014,414 subscription agreement with Allegiant to acquire 10,036,034 units (the “Units”) in a non-brokered private placement at C$0.40 per Unit with each Unit consisting of one common share of the Company (a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall entitle the holder to purchase one Common Share at a price of $0.70 exercisable over two years following the closing date, subject to customary adjustments.

The strategic investment by Kinross calls for the formation of a four-person Technical Advisory Committee comprised of two members from each company. The Technical Advisory Committee will provide advice and guidance on the upcoming core-drilling program at the high-grade zone (“HGZ”) within the Original Pit Zone at Eastside. Allegiant has agreed to allocate no less than 80% of the investment by Kinross to a work program specifically designed for the HGZ.

In connection with the transaction, Allegiant and Kinross will enter into an investor rights agreement providing each party with customary rights, including the grant of standard anti-dilution and equity participation rights to Kinross. The transaction is subject to certain conditions including, but not limited to, acceptance by the TSX Venture Exchange and is expected to close on or about March 18, 2022.

Allegiant has engaged Cormark Securities Inc. as its financial advisor and Stikeman Elliott LLP as its legal advisor in connection with the strategic investment by Kinross.

ABOUT ALLEGIANT

Allegiant owns 100% of ten highly-prospective gold projects in the United States, seven of which are located in the mining-friendly jurisdiction of Nevada. Four of Allegiant’s projects are farmed-out, providing for cost reductions and cash-flow. Allegiant’s flagship, district-scale Eastside project hosts a large and expanding gold resource and is located in an area of excellent infrastructure. Preliminary metallurgical testing indicates that both oxide and sulphide gold mineralization at Eastside is amenable to heap leaching.

ON BEHALF OF THE BOARD

Peter Gianulis
CEO

For more information contact:

Investor Relations
(604) 634-0970 or
1-888-818-1364
ir@allegiantgold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements and information contained in this press release constitute “forward-looking statements” within the meaning of applicable U.S. securities laws and “forward-looking information” within the meaning of applicable Canadian securities laws, which are referred to collectively as “forward-looking statements”. The United States Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements.Forward-looking statements in this press release include, without limitation: statements pertaining to Allegiant Gold Ltd.’s (“Allegiant”) exploration plans for its gold exploration properties and the drill program at Allegiant’s Eastside project; and statements pertaining to the proposed private placement transaction with Kinross Gold Corporation (including the timing of completion thereof). Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future economic conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as “seek”, “expect”, “anticipate”, “budget”, “plan”, “estimate”, “continue”, “forecast”, “intend”, “believe”, “predict”, “potential”, “target”, “may”, “could”, “would”, “might”, “will” and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Such forward-looking statements are based on a number of material factors and assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ materially from those anticipated in such forward-looking information. You are cautioned not to place undue reliance on forward-looking statements contained in this press release. Some of the known risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements are described in the section entitled “Risk Factors” in Allegiant’s Annual Information Form dated June 11, 2021, as filed with applicable Canadian securities regulators and available on SEDAR under Allegiant’s profile at www.sedar.com. Actual results and future events could differ materially from those anticipated in such statements. Allegiant undertakes no obligation to update or revise any forward-looking statements included in this press release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

Vectrus (VEC) – A Deeper Dive: Why We Believe the Vectrus/Vertex Combination is a Winner

Monday, March 14, 2022

Vectrus (VEC)
A Deeper Dive: Why We Believe the Vectrus/Vertex Combination is a Winner

Vectrus Inc is a U.S.-based company that provides services to the U.S. government. It operates as one segment and offer facility and logistics services and information technology and network communications services. The information technology and network communications capabilities consist of communications systems operations and maintenance, management and service support, systems installation and activation, system-of-systems engineering and software development, and mission support for the department of defense. The facility and logistics service include airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations and others.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Price Decline is Not Supported. VEC shares continued to drop, closing on Friday at $34.48, now down $11.81, or 25.5% from the March 4th closing price, prior to the Vertex deal being announced Monday the 7th before the market opened. The sell off is unwarranted in our view. As we mentioned in our March 10th report, we believe the Vertex acquisition to be transformative, creating a global leader in mission-essential solutions. With the acquisition, the combined entity will play in an even larger pool with market trends supporting growth in the converged infrastructure market. We are maintaining our Outperform rating and $62 twelve month price target on VEC shares.

    Valuation.  While we acknowledge no two acquisitions are alike, the 9.5x adjusted EBITDA multiple being paid is not out of line. In 2019 AECOM sold its Management Services unit, which provides logistics and technical assistance to the government, for 11.6x. And the median EV/EBITDA multiple for the Aerospace and Defense industry is approximately 14x …


This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Information Services (III) – Post Call Commentary and Updated Models

Monday, March 14, 2022

Information Services (III)
Post Call Commentary and Updated Models

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 70 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Well Positioned for 2022. ISG posted record performance in 2021 and is well positioned for a continuation into 2022, in our view. The ISG NEXT model is growing revenue, clients, and higher profitability and trends continue to move in ISG’s favor as companies adapt to all things digital.

    Russia/Ukraine.  While ISG does not have operations or people in Ukraine, its clients do and depending on how the situation unfolds, it could become a headwind. We note revenue from operations in Germany accounted for 55% of overall European business. If the conflict begins to widen, it could begin to have a greater impact on ISG …


This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Kelly Services (KELYA) – Russia, and Potentially Wider, Impact

Monday, March 14, 2022

Kelly Services (KELYA)
Russia, and Potentially Wider, Impact

Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company’s operations are divided into three business segments namely Americas Staffing, Global Talent Solutions (“GTS”) and International Staffing. It provides staffing solutions through its branch networks in Americas and International operations and also provides a suite of innovative talent fulfilment and outcome-based solutions through GTS segment. Americas Staffing generates maximum revenue from its operations.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Russia Exposure. Given the recent Russia/Ukraine events, we reviewed Kelly’s direct exposure to the two countries. In 2021, Russia accounted for $132.2 million, or approximately 2.7%, of Kelly’s overall revenue. As of January 2, 2022, Kelly’s Russian operations comprised approximately 1% of the Company’s assets. Customer accounts receivable is the primary asset in Russia. Kelly does not have a subsidiary or employees in Ukraine.

    Sanctions.  According to the Company, sanctions issued since February 24, 2022 by the European Union, United States, and other countries against certain Russian entities and persons and certain activities involving Russia or Russian entities, have created uncertain economic conditions. The current economic environment, along with the suspension of services by some of the Company’s service providers …


This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Bassett Furniture (BSET) – Returning Capital to Shareholders

Monday, March 14, 2022

Bassett Furniture (BSET)
Returning Capital to Shareholders

Bassett Furniture Industries, Inc. is a leading manufacturer and marketer of high-quality home furnishings. With 96 company- and licensee-owned stores located throughout the United States, Bassett has leveraged its strong brand name in furniture into a network of corporate and licensed stores that focus on providing consumers with a friendly environment for buying furniture and accessories. Bassett’s retail strategy includes stylish, custom-built furniture that features the latest on-trend furniture styles, free in-home design visits, and coordinated decorating accessories. The Company also has a traditional wholesale business with more than 700 accounts on the open market and a logistics business specializing in the transport and warehousing of home furnishings. In addition, Bassett sells its products through its website at www.bassettfurniture.com. With revenues in excess of $450 million, approximately 75% of its goods are manufactured, assembled and/or finished in factories located in Virginia, North Carolina and Alabama with the remainder primarily sourced from Asia. The Company was founded in 1902 and is based in Bassett, Virginia.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Returning Capital. On Friday, Bassett announced the first steps of its capital allocation strategy for the estimated $65 million of net proceeds from the sale of its Zenith Logistics business to J.B. Hunt. In addition to the declaration of the normal quarterly dividend of $0.14 per share, Bassett’s Board approved a special dividend of $1.50 per share and increased the Company’s share repurchase authorization to $40 million. The $1.50 special dividend will consume approximately $15 million of cash, leaving $50 million for share repurchases and other capital allocation strategies.

    Special Dividend.  Bassett has a history of paying special dividends, including at least one annually from 2011-2017 and again in 2020. The $1.50 per share amount represented 8.6% of the closing share price as of Thursday …


This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

News Addiction Can it be Measured?


Image: White House Press Corps, January 5, 2022


Is ‘Headline Stress Disorder’ Real? Yes, But Those Who Thrive on the News Often Lose Sight of It

 

It began with a basic “news you can use” feature from National Public Radio. Titled “5 ways to cope with the stressful news cycle,” producer Andee Tagle’s piece, published in late February, offered tips on how to cope with anxiety caused by news consumption in tense times.

Among Tagle’s tips: “Do something that feels good for your body and helps you get out of your head.” Also: “The kitchen is a safe space for a lot of us. Maybe this is the weekend that you finally re-create Grandpa’s famous lasagna … or maybe just lose yourself in some kitchen organization.”

Tagle’s simple self-help counsel quickly ignited social media scorn, seemingly touching a nerve among numerous commentators.

National Review’s Dan McLaughlin tweeted that the piece indicated that NPR employees “really do not envision their audience as grown adults.”

“I’m all for mental health awareness and therapeutic care,” tweeted Daily Beast editor Anthony Fisher, before ultimately dismissing Tagle’s article as “a lifestyle guide for narcissists.”

 

This article was republished with permission from The Conversation, a news site dedicated to sharing ideas from academic experts. It was written by and represents the research-based opinions of Michael J. Socolow, Associate Professor, Communication and Journalism, University of Maine.

 

The piece and its condemnation raise issues involving research about the mental and psychological toll of everyday news consumption that’s gone largely unnoticed by the public over the last few years. Recent surveys and research on the subject have only occasionally been publicized in the general press. The COVID-19 global pandemic – and the doomsday news reports it sparked – attracted a bit more attention to this research.

Yet the mental and psychological toll of news consumption remains largely unknown to the general news consumer. Even if the research isn’t widely known, the emotions felt by what one Northwestern University Medical School article called “headline stress disorder” probably exist for an certain unknown proportion of news consumers. After all, if these feelings didn’t exist for at least some of their listening audience, NPR would never have published that piece. Nor would Fox News have published a similar article to help its viewers cope.

 

Image: Barron’s headline, December 2022

 

News Threatens Mental Stability

The idea that more news, delivered faster through new and addicting technologies, can cause psychological and medical harm has a long history in the United States.

Media scholars like Daniel Czitrom and Jeffrey Sconce have noted how contemporaneous research linked the emergence and prevalence of neurasthenia to the rapid proliferation of telegraphic news in the late 19th century. Neurasthenia is defined by Merriam-Webster as “a condition that is characterized especially by physical and mental exhaustion usually with accompanying symptoms (such as headache and irritability).” Early 19th-century scientific exploration in neurology and psychiatry suggested that too much news consumption might lead to “nervous exhaustion” and other maladies.

In my own research into social psychology and radio listening, I noticed the same medical descriptions recurring in the 1920s, once radio became widespread. News reports chronicled how radio listening and radio news consumption seemed to threaten some people’s mental stability.

One front-page New York Times article in 1923 noted that a woman in Minnesota was divorcing her husband on the then-novel grounds that he suffered from “radio mania.” The wife felt her husband “paid more attention to his radio apparatus than to her or their home,” which had apparently “alienated his affection” from her.

Similar reports of addiction, mania and psychological entanglement spawned by new media emerged again as television proliferated in the American home in the 1950s, and again with the proliferation of the internet.

The public discussion of psychological addiction and mental harm caused by new technologies, and the ensuing moral panics they spawn, appears periodically as new communication technologies emerge. But, historically, adjustment and integration of new media occurs over time, and disorders such as neurasthenia and “radio mania” are largely forgotten.

 

Image: A story from the Dec. 2, 1923, New York Times
front page. 
New York Times
archive

 

Anxious about Frightening News

“Headline stress disorder” might sound ridiculous to some, but research does show that reading the news can make certain subsets of news consumers develop measurable emotional effects.

There are numerous studies looking into this phenomenon. In general, they find some people, under certain conditions, can be vulnerable to potentially harmful and diagnosable levels of anxiety if exposed to certain types of news reports.

The problem for researchers is isolating the exact subset of news consumers this happens to, and describing precisely the effect that occurs in response to specific identified news subjects and methods of news consumption.

 

Image: Canadian Press headline, March 2022

 

It is not only probable, but even likely, that many people are made more anxious by the widespread distribution of frightening news. And if a news consumer has a diagnosed anxiety disorder, depression, or other identified mental health challenge, the likelihood that obviously distressing news reports would amplify and inflame such underlying issues seems almost certain.

Just because popular culture manages to pathologize much of everyday behavior doesn’t mean identified problems aren’t real, as those skewering the NPR story implied.

We all eat; but some of us eat far too much. When that occurs, everyday behavior is transformed into actions that can threaten health and survival. Likewise, most of us strive to stay informed, but it’s likely that in certain situations, for certain people, staying informed when the news is particularly frightening can threaten their mental health.

Therefore, the question is not whether the problem is real, but how research might quantify and describe its true prevalence, and how to address the problem.

And that’s precisely why the NPR article caused such a stir. Many people who consume news without problem couldn’t fathom why others might benefit from learning how to cope with “headline stress disorder.”

In reality, the criticism aimed at NPR says nothing about those who find our current run of bad news, particularly anxiety provoking. It does say a lot about the lack of empathy from those who would scoff at the idea.

 

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News “Addiction” Can it be Measured?


Image: White House Press Corps, January 5, 2022


Is ‘Headline Stress Disorder’ Real? Yes, But Those Who Thrive on the News Often Lose Sight of It

 

It began with a basic “news you can use” feature from National Public Radio. Titled “5 ways to cope with the stressful news cycle,” producer Andee Tagle’s piece, published in late February, offered tips on how to cope with anxiety caused by news consumption in tense times.

Among Tagle’s tips: “Do something that feels good for your body and helps you get out of your head.” Also: “The kitchen is a safe space for a lot of us. Maybe this is the weekend that you finally re-create Grandpa’s famous lasagna … or maybe just lose yourself in some kitchen organization.”

Tagle’s simple self-help counsel quickly ignited social media scorn, seemingly touching a nerve among numerous commentators.

National Review’s Dan McLaughlin tweeted that the piece indicated that NPR employees “really do not envision their audience as grown adults.”

“I’m all for mental health awareness and therapeutic care,” tweeted Daily Beast editor Anthony Fisher, before ultimately dismissing Tagle’s article as “a lifestyle guide for narcissists.”

 

This article was republished with permission from The Conversation, a news site dedicated to sharing ideas from academic experts. It was written by and represents the research-based opinions of Michael J. Socolow, Associate Professor, Communication and Journalism, University of Maine.

 

The piece and its condemnation raise issues involving research about the mental and psychological toll of everyday news consumption that’s gone largely unnoticed by the public over the last few years. Recent surveys and research on the subject have only occasionally been publicized in the general press. The COVID-19 global pandemic – and the doomsday news reports it sparked – attracted a bit more attention to this research.

Yet the mental and psychological toll of news consumption remains largely unknown to the general news consumer. Even if the research isn’t widely known, the emotions felt by what one Northwestern University Medical School article called “headline stress disorder” probably exist for an certain unknown proportion of news consumers. After all, if these feelings didn’t exist for at least some of their listening audience, NPR would never have published that piece. Nor would Fox News have published a similar article to help its viewers cope.

 

Image: Barron’s headline, December 2022

 

News Threatens Mental Stability

The idea that more news, delivered faster through new and addicting technologies, can cause psychological and medical harm has a long history in the United States.

Media scholars like Daniel Czitrom and Jeffrey Sconce have noted how contemporaneous research linked the emergence and prevalence of neurasthenia to the rapid proliferation of telegraphic news in the late 19th century. Neurasthenia is defined by Merriam-Webster as “a condition that is characterized especially by physical and mental exhaustion usually with accompanying symptoms (such as headache and irritability).” Early 19th-century scientific exploration in neurology and psychiatry suggested that too much news consumption might lead to “nervous exhaustion” and other maladies.

In my own research into social psychology and radio listening, I noticed the same medical descriptions recurring in the 1920s, once radio became widespread. News reports chronicled how radio listening and radio news consumption seemed to threaten some people’s mental stability.

One front-page New York Times article in 1923 noted that a woman in Minnesota was divorcing her husband on the then-novel grounds that he suffered from “radio mania.” The wife felt her husband “paid more attention to his radio apparatus than to her or their home,” which had apparently “alienated his affection” from her.

Similar reports of addiction, mania and psychological entanglement spawned by new media emerged again as television proliferated in the American home in the 1950s, and again with the proliferation of the internet.

The public discussion of psychological addiction and mental harm caused by new technologies, and the ensuing moral panics they spawn, appears periodically as new communication technologies emerge. But, historically, adjustment and integration of new media occurs over time, and disorders such as neurasthenia and “radio mania” are largely forgotten.

 

Image: A story from the Dec. 2, 1923, New York Times
front page. 
New York Times
archive

 

Anxious about Frightening News

“Headline stress disorder” might sound ridiculous to some, but research does show that reading the news can make certain subsets of news consumers develop measurable emotional effects.

There are numerous studies looking into this phenomenon. In general, they find some people, under certain conditions, can be vulnerable to potentially harmful and diagnosable levels of anxiety if exposed to certain types of news reports.

The problem for researchers is isolating the exact subset of news consumers this happens to, and describing precisely the effect that occurs in response to specific identified news subjects and methods of news consumption.

 

Image: Canadian Press headline, March 2022

 

It is not only probable, but even likely, that many people are made more anxious by the widespread distribution of frightening news. And if a news consumer has a diagnosed anxiety disorder, depression, or other identified mental health challenge, the likelihood that obviously distressing news reports would amplify and inflame such underlying issues seems almost certain.

Just because popular culture manages to pathologize much of everyday behavior doesn’t mean identified problems aren’t real, as those skewering the NPR story implied.

We all eat; but some of us eat far too much. When that occurs, everyday behavior is transformed into actions that can threaten health and survival. Likewise, most of us strive to stay informed, but it’s likely that in certain situations, for certain people, staying informed when the news is particularly frightening can threaten their mental health.

Therefore, the question is not whether the problem is real, but how research might quantify and describe its true prevalence, and how to address the problem.

And that’s precisely why the NPR article caused such a stir. Many people who consume news without problem couldn’t fathom why others might benefit from learning how to cope with “headline stress disorder.”

In reality, the criticism aimed at NPR says nothing about those who find our current run of bad news, particularly anxiety provoking. It does say a lot about the lack of empathy from those who would scoff at the idea.

 

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Are ESG Social and Governance Policies Why Companies Stopped Russian Operations?



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Nancy Pelosi’s Coattail Investors Get an Update



Cathie Wood is Even More Positive About Innovative Companies with Global Turmoil

 

Stay up to date. Follow us:

 

New York Marijuana Seeding Opportunity Initiative is One-of-a-kind


Image: Jurassic Blueberries (Flickr)


NYS Office of Cannabis Management Experiments With Synergistic Effects of Marijuana and Social Equity

 

The first marijuana dispensary and farm licenses in New York State will be managed to help provide reparations for those that have been previously convicted of pot-related crimes.  Details of the plan were just provided by the Governor’s Press Office and are designed to provide a pathway for cannabis business ownership to benefit those who have been directly impacted by prior convictions.

New York approved the legalization of recreational marijuana on March 31, 2021.

Farm to Store “Seeding Opportunity”

New York’s Governor Kathy Hochul announced the novel Seeding Opportunity Initiative, which positions individuals with prior cannabis-related criminal offenses to be the first adult-use cannabis sales with products grown by New York farmers. The farm-to-store design is expected to allow the first legal recreational sales under the law before year-end 2022. The intent of the initiative is it “jumpstarts, New York’s cannabis industry, guarantees support for future equity applicants, and secures an early investment into communities most impacted by the disproportionate enforcement of cannabis prohibition.”

“New York State is making history, launching a first-of-its-kind approach to the cannabis industry that takes a major step forward in righting the wrongs of the past,” Governor Hochul said. “The regulations advanced by the Cannabis Control Board today will prioritize local farmers and entrepreneurs, creating jobs and opportunity for communities that have been left out and left behind. I’m proud New York will be a national model for the safe, equitable, and inclusive industry we are now building,” said Hochul.

“Social Equity”

The opening date of the application portal for both farms and dispensaries is March 15.  It is expected that the process will allow planting during the Spring. 

New York’s Office of Cannabis Management (OCM) Executive Director Chris Alexander said, “With the Seeding Opportunity Initiative, we are now on the path to doing what no state has done before: Put our farmers and equity entrepreneurs, not big, out of state businesses, at the forefront of the launch of our adult-use cannabis market. Thanks to the support of Governor Hochul and the action taken by the Board today, we’ve made a huge advancement in our efforts to prioritize New York’s small farmers, our equity entrepreneurs, and ultimately our goal to generate the resources that will support future equity applicants and drive investments into our communities most impacted by cannabis prohibition. We aren’t stopping here and work is already underway across all license types to open access to capital and develop supporting networks to build an equitable New York Cannabis Industry and setup our small businesses for long-term success.”

The plan weaves a number of the Governor’s priorities together to help serve the state’s objectives. Aside from leveling the playing field for New York residents with prior marijuana convictions, the MRTA will also “prioritize and provide resources” to other groups that face barriers to entry into the state’s new cannabis industry. According to a fact sheet provided with the release, these include minority and women-owned businesses, distressed farmers and service-disabled veterans who will be encouraged to participate. The cannabis management fact sheet also says it will give preference to those applicants earning below 80% of the national average.

Take-Away

New York expects the first dispensary licenses within the state to go to NYS residents that have been convicted of marijuana crime(s). Farmers with similar convictions will also be given priority status. The “social equity” portion of the implementation also includes preference to those making below a certain amount, and women and minority-owned businesses.

New York hopes to develop an ecosystem where what is sold locally for recreational use, is sown locally.

Paul Hoffman

Managing Editor, Channelchek

 

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Sources

http://smart-ny.com/wp-content/uploads/2017/06/MRTA-Bill-Summary_04.8.2019.pdf

https://www.governor.ny.gov/news/governor-hochul-signs-conditional-cannabis-cultivation-bill

https://cannabis.ny.gov/adult-use


 

Stay up to date. Follow us:

 

A Global Reimagined Health Ecosystem




Life Sciences Supermind Report outlines proposed solutions to re-imagine the global health ecosystem

 

MIT Center for Collective Intelligence | MIT
Media Lab

 

The Covid-19 pandemic sent shockwaves through the life science ecosystem, uniting the scientific community with a common purpose and re-imagining pathways to address global health challenges.

To help accelerate that innovation, the MIT Center for Collective Intelligence, the MIT Media Lab’s Community Biotechnology Initiative, and MilliporeSigma — the U.S. and Canadian life science business of Merck KGaA, Darmstadt, Germany — together convened more than 200 thought leaders from around the world to collaboratively capture the disruptions caused by the pandemic and identify the solutions that will help usher in the future of the life sciences.

A comprehensive
report
containing synthesized, data-driven insights from this expert group, known as the “Life Sciences Supermind,” has now been published. The work builds on the collaborators’ research from 2020, which focused on pandemic response efforts, to outline the most promising solutions to build health resilience for now and the future.

The Life Sciences Supermind Report represents 18 months of global collaboration and expert synthesis, applying an accelerated methodology to identify solutions amid the urgency of a pandemic. During the invite-only curation exercise that ran for four weeks in May 2021, the Supermind convened using the Center for Collective Intelligence’s software platform and methodology to address a central challenge question: How do we identify and apply the lessons learned from the Covid-19 pandemic to re-imagine the institutions, processes, policies and tools we use across the life sciences to address global health needs for all?

David Sun Kong, director of the Community Biotechnology Initiative within the MIT Media Lab and author of the report, says, “Building upon last year’s effort, we widened the scope of our exploration to think deeply about the future of the entire life sciences ecosystem. In the coming years, human civilization faces unprecedented challenges that will require the global life sciences community to innovate, coordinate, and act. We believe many of the ideas and strategies presented in this report can help guide our future directions.”

During this sprint, the Supermind identified gaps and innovative solutions across five key technical areas, including the future of scientific research; public health preparedness, science and technologies; science communication; disruptive technologies; and flexible and resilient manufacturing, supply, and distribution chains. Synthesizing the results of this exercise, the Supermind Report was published in thematic installments from June to November 2021 and is now released in full for the first time.

“Typically, Supermind participants contribute ideas to the platform asynchronously throughout the multi-week exercise. This year, we added a new activity to our methodology where Supermind participants collaborated during online video sessions to develop solutions together,” says Kathleen Kennedy, executive director of the Center for Collective Intelligence, who oversaw the Supermind platform. “The combination of synchronous and asynchronous collaboration proved to be a powerful combination.”

The Supermind provided an early signal on new modes of global collaboration that have the potential to build public health resilience for all. Experts identified innovative ideas such as creating a new field of public health technology to unite technology leadership and expertise with the design of public health programs, products and initiatives. This strategy has since been leveraged more broadly in the fight against Covid-19, sparking innovative partnerships between technology, design, medical, and public health professionals to respond to this global health emergency.

The Supermind Report also details key findings on building diverse and open communities to accelerate scientific discovery; deploying novel, open-source technologies for diagnostics and transmission control; combating the “infodemic” through integrated disciplines that tackle information overload; and restructuring talent development in the life sciences, among other innovative strategies identified throughout the exercise.

The initiative’s unique methodology applied natural language processing to cluster and synthesize contributions from the participants. Participants contributed to the online platform asynchronously with daily facilitation. In total, 137 individual ideas were put forward during the 2021 exercise, garnering more than 700 votes cast for the top solutions during an evaluation phase. These were then supplemented by synchronous deliberation geared toward identifying more specific pathways to implementation and actionable outcomes.

“By bringing together a diverse group of experts, we were able to leverage their collective knowledge and compile the findings,” says Patrick Schneider, head of strategy, business development, and innovation for the Research Solutions business unit at MilliporeSigma and chair of the Life Science Innovation Board. “The result is a report that highlights novel ideas that have the ability to impact the future of life sciences. I look forward to taking these ideas and putting them into action.”

The Life Sciences Supermind demonstrates the power of collective intelligence in identifying the most feasible, impactful solutions to re-imagine the global health ecosystem and build health resilience for now and in the future. Looking to a post-pandemic world, these lessons, strengths, and accelerated pathways to solutions have the power to usher in a paradigm shift across scientific and global health industries.

 

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Townsquare Media (TSQ) – A Digital Media Company At A Radio Multiple

Friday, March 11, 2022

Townsquare Media (TSQ)
A Digital Media Company At A Radio Multiple

Townsquare Media Inc is an entertainment and media company offering digital marketing solutions in the United States and Canada. It owns and operates radio stations, social media properties focusing the small and mid-cap companies. Services offered to the clients include live events, local advertising, digital advertising, e-commerce offerings, few others. The segments through which the company operates its businesses are classified into Local marketing solutions and Entertainment segments. Revenues are generated from commercials through broadcasts and sale of internet based advertisements.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Q4 exceeds expectations. The company reported Q4 net revenue of $110.5 million, 2% above our expectation of $108.5 million. Adj. EBITDA of $25.6 million beat our estimate of $24.5 million by 4.4%. The enhanced results were driven by better than expected revenue growth in its Digital businesses, which grew nicely in the double digits.

    Digital shines.  The company revised its segment reporting to provide more transparency in its attractive Digital businesses. Digital revenue grew at double-digit rates and was 48% of total revenue in 4Q21. Given the strong performance, management updated its Digital revenue guidance to $275 million in 2024, up from $250 million previously, a compelling 11.5% CAGR from 2021 to 2024 …


This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Seanergy Maritime (SHIP) – Dividend Surprise and 2022 Looking Good

Friday, March 11, 2022

Seanergy Maritime (SHIP)
Dividend Surprise and 2022 Looking Good

Seanergy Maritime Holdings Corp. is the only pure-play Capesize shipping company listed in the US capital markets. Seanergy provides marine dry bulk transportation services through a modern fleet of Capesize vessels. Upon delivery of the M/V Dukeship, the Company’s operating fleet will consist of 17 Capesize vessels with an average age of 11.5 years and aggregate cargo carrying capacity of approximately 3,011,083 dwt. The Company is incorporated in the Marshall Islands and has executive offices in Glyfada, Greece. The Company’s common shares trade on the Nasdaq Capital Market under the symbol “SHIP”, its Class A warrants under “SHIPW” and its Class B warrants under “SHIPZ”.

Poe Fratt, Senior Research Analyst, Logistics, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Record 4Q2021 EBITDA in line with expectations. Adjusted EBITDA of $38.8 million was in line with our estimate of $38.7 million. TCE rates of $36.6k/day were higher than expected and ownership days of 1,508 were in line, but opex and G&A expenses were higher than expected.

    Fine tuning 2022 EBITDA estimates to reflect updated forward cover and current market conditions.  We are bumping our 2022 EBITDA estimate to $110.6 million, up from $101.9 million, based on TCE rates of $27.0k/day, up from $24.9k/day. 1Q2022 forward cover increased to 90% of available days booked at $19.8k/day. While 1Q2022 EBITDA will drop sequentially due to seasonality, we expect with a 2Q2022 …


This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Lineage Cell Therapeutics (LCTX) – FY2021 Reported With Updates For Pipeline Development

Friday, March 11, 2022

Lineage Cell Therapeutics (LCTX)
FY2021 Reported With Updates For Pipeline Development

Lineage Cell Therapeutics is a clinical-stage biotechnology company developing novel cell therapies for unmet medical needs. Lineage’s programs are based on its robust proprietary cell-based therapy platform and associated in-house development and manufacturing capabilities. With this platform Lineage develops and manufactures specialized, terminally differentiated human cells from its pluripotent and progenitor cell starting materials. These differentiated cells are developed to either replace or support cells that are dysfunctional or absent due to degenerative disease or traumatic injury or administered as a means of helping the body mount an effective immune response to cancer. Lineage’s clinical programs are in markets with billion dollar opportunities and include three allogeneic (“off-the-shelf”) product candidates: (i) OpRegen®, a retinal pigment epithelium transplant therapy in Phase 1/2a development for the treatment of dry age-related macular degeneration, a leading cause of blindness in the developed world; (ii) OPC1, an oligodendrocyte progenitor cell therapy in Phase 1/2a development for the treatment of acute spinal cord injuries; and (iii) VAC, an allogeneic dendritic cell therapy platform for immuno-oncology and infectious disease, currently in clinical development for the treatment of non-small cell lung cancer. For more information, please visit www.lineagecell.com or follow the Company on Twitter @LineageCell.

Robert LeBoyer, Vice President, Research Analyst, Life Sciences, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Full Year Financials In Line With Expectations.  Lineage Cell reported a 4Q21 loss of $28.2 million or $(0.17) per share, and a loss of $43.0 million or $(0.26) per share for FY21. The larger than expected loss in 4Q21 was due to the accrual of $20.6 million for future obligations payable to its licensors under the December 2021 Genentech/Roche Agreement. The company ended the year with $55.7 million in cash, excluding proceeds from the Genentech agreement.

    Genentech/Roche Agreement Transformed The Company.  In December 2021, Lineage Cell made a collaboration and licensing agreement covering OpRegen, its retinal pigmented epithelial cell transplant for ophthalmologic indications. Genentech/Roche will take over the clinical development and commercialization, in exchange for $50 million in upfront fees, $620 million in potential milestone payments, then …


This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Information Services (III) – Strong 4Q Gives ISG More Momentum for 2022

Friday, March 11, 2022

Information Services (III)
Strong 4Q Gives ISG More Momentum for 2022

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 70 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Record 4Q21 Results: ISG’s management announced record 4Q revenue of $69.6 million, up 5% year-over-year and exceeding consensus of $67.96 million and our estimate of $68 million. Net Income was reported at $3.6 million, or an EPS of $0.07, versus $1.4 million or $0.03 last year. Adjusted EPS was at $0.10 and adjusted EBITDA was at a record $10.2 million (11% over last year). We forecasted Net Income to be $4.3 million, EPS of $0.08, adjusted EPS of $0.11, and adjusted EBITDA of $9.3 million. Consensus estimate for EPS was $0.06.

    Continuing Momentum into 2022: The quarter highlights the continuation of the momentum across ISG’s markets.  Enterprises are powering through the headwinds of the ongoing pandemic, inflation, and supply chain disruptions through ramping up investments into the digital and cloud technologies, both being specialties of ISG …


This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.