Category Archives: Press Release

CSE and Stockpools team up to launch the Cannabis Investment Challenge

The Canadian Securities Exchange, along with Stockpools and the Lift Cannabis Expo, are excited to announce the launch of the first ever Cannabis Investment Challenge – an innovative fantasy online stock trading competition focused entirely on the cannabis sector.

The Cannabis Investment Challenge is a unique opportunity for the public to participate in today’s hottest market sector and compete for prizes without any cost or financial risk to the user.

How it Works

Stockpools is like fantasy sports, but for stocks. The Stockpools platform enables users to choose a simulated portfolio and to compete against other participants’ portfolios in an online environment that mimics the concept of traditional fantasy sports. It offers curious investors a completely risk-free platform to have fun exploring the stock market, while potentially winning real cash or other prizes should their portfolio outperform the competition.

How to Participate

This competition is 100% free and available to anyone over the legal consent age. For more information on registration, visit the CSE Cannabis Stock Picking Challenge page on Stockpools.com

Competition partner Lift Events is also welcoming delegates to register at the Lift Cannabis Expo from May 26 – 28. Guests can come to booth 345 for more details and to register in person.

When does it Start?

The competition begins July 3rd 2017 and runs until September 15th 2017. Registration for the competition is now available online at the CSE Cannabis Stock Picking Challenge page on Stockpools.com.

This is the first collaboration between the CSE and Stockpools. As noted by CSE Director of Listed Company Services Barrington Miller,  “CSE is excited to co-launch this initiative with Stockpools. Cannabis-related companies have been a huge driver on our market recently and the amount of participation we’ve seen from investors has been staggering. We hope this competition inspires more people to learn about the stock market while having fun in a simulated investing environment.”

Noted Anil Mall, President of Stockpools, “Launching this initiative with the CSE has been a natural fit – they bring an entrepreneurial spirit to what they do which is in great alignment with Stockpools. Just as important are the numerous Cannabis-related clients listed on the CSE, of which the entire competition is based upon.”

Both organizations believe the Cannabis Investment Challenge competition can enable a new generation of investors to explore the world of investing and publicly traded cannabis markets via an accessible and engaging platform.

For more information, contact

Anil Mall
President
Stockpools Inc.

T: 604-684-2444
C: 604-653-6578
W: www.stockpools.com

Record third quarter for CSE continues momentum through Q3 2016

CSE is proud to present its most recent quarterly update video and press release below highlighting the record third quarter of the year at the Canadian Securities Exchange:

Multiple Industry Sectors Push CSE Trading Volume, Financings to New Records in Third Quarter of 2016

CSE Posts Record Activity in Q3 of 2016

The Canadian Securities Exchange (CSE) today released performance metrics for the third quarter of 2016 highlighting continued strong growth, particularly in trading volume and capital raised by CSE listed companies. Both measures rose to the highest levels ever recorded by the exchange.

Key Statistics

  • Trading volume in CSE listed securities climbed 138% compared to the third quarter of 2015 to 1.27 billion shares;
  • Companies listed on the CSE conducted 85 financings for gross proceeds totaling $109 million, an increase of 222% over the same period a year earlier;
  • The CSE finished the July-September quarter with 315 listed securities, 13 more than at September-end 2015;
  • Trading on the CSE platform in securities listed on other exchanges totaled 811 million shares, higher year on year by 59%.

Metrics for January through September also set records, with the 3.27 billion shares traded in CSE listed securities outpacing the total for all of 2015 (2.48 billion shares). CSE listed companies raised $226 million in the first nine months of the year, compared to $195 million in full-year 2015.

Trading volume continues to gain momentum in the fourth quarter, with a record 99,704,073 shares trading in CSE listed securities on October 6. Over the past 30 days the CSE has set new records for both daily trading volume and number of trades on seven occasions.

Several CSE issuers ranked among the most actively traded public companies in all of Canada during the quarter as investor interest increased across most industry sectors, and particularly for life sciences companies. The CSE also welcomed one of the few Initial Public Offerings completed in Canada this year when Glance Technologies Inc. (GET) made its trading debut on September 7.

Toward the end of the quarter, the exchange announced several important executive level appointments, and the addition of a highly experienced financial industry executive to its Board of Directions (http://thecse.com/en/news/cse-announces-senior-appointments-to-board-of-directors-compliance-and-listings-teams). The appointments were made to expand business development coverage and deepen the pool of expertise in the listings review group.

The CSE team remained hard at work connecting with entrepreneurs, hosting events in Vancouver, Calgary, Montreal and Toronto during the quarter, as well as presenting and exhibiting at the first ever Mines and Money conference held in North America. Senior exchange staff also travelled to China and Mongolia to continue outreach efforts in growing overseas markets.

The exchange is pleased to report that it will soon implement a new trading system technology featuring execution services for all equities listed in Canada. Related to this, a commitment to heightening the visibility of companies listed on the CSE through continued investor events and publications (including the CSE Quarterly magazine), plus support for market-making and other activities, will assist with further advances in volume and liquidity.

“The CSE is firing on all cylinders, with an improved capital markets backdrop helping our issuers to meet, and in some cases exceed, their financing targets,”

said Richard Carleton, CSE Chief Executive Officer.

“Having added several talented executives to our team, the CSE is positioned even more strongly to facilitate access to growth capital for entrepreneurs at the lowest possible cost, while providing liquid and accessible trading services for investors anywhere in the world.”

Strong second quarter for CSE leads to record first half of 2016

CSE is proud to present its most recent quarterly update video and press release below highlighting the record first half of the year at the Canadian Securities Exchange:

Growth in Trading Volume and Financings Highlight Productive Q2

CSE Posts Record Activity in First Half of 2016

The Canadian Securities Exchange (CSE) is pleased to release an update on activity of the second quarter of 2016, resulting in a record first half of 2016 highlighted by record trading volume, changes to listing requirements, and initiatives to help CSE issuers build on recent positive momentum in financing and other aspects of corporate development.

Key Statistics

  • Trading volume in CSE listed securities grew 64% compared to the first half of 2015 to 2.01 billion shares;
  • The CSE finished the first six months of 2016 with 328 listed securities, up 12.3% compared to the same period the previous year;
  • CSE companies conducted 178 financings for total gross proceeds of $123 million, up 28.4% over the first half of 2015;
  • Trading on the CSE in securities listed on other exchanges totaled 1.82 billion shares, an increase of 19.1%.

Growth in trading volume and financing proceeds during the first half of the year reflected both the increased number of securities listed on the CSE and noticeable improvement in Canadian investor sentiment across all sectors. The 2.01 billion shares traded in CSE listed securities in the first six months of 2016 puts the exchange well ahead of its pace of 2015, when a record 2.47 billion shares traded for the full year.

The CSE is proud to highlight a busy first half supporting issuer outreach to the financial community with a variety of activities. These include CSE Days held in major cities where executives enjoy the opportunity to present to audiences of financial industry professionals, retail investors and issuer peers.

The exchange also published new issues of its CSE Quarterly magazine, the most recent leading with a profile of the CSE’s top performing companies as measured by growth in market capitalization (the CSE Quarterly magazine can be viewed at http://blog.thecse.com/2016/06/01/cse-quarterly-issue-9-now-live/).

In addition, the CSE launched a new website in April. The modern format makes it easier for investors to gather information on CSE companies, and for both existing and prospective issuers to access the resources they need to make interaction with the exchange as efficient and cost-effective as possible. The CSE’s new website can be accessed at http://www.thecse.com.

Other achievements in the first half of 2016 included a comprehensive update to initial listing requirements. Proposed changes were published for comment in February and following feedback the modified rules were submitted for regulatory approval. The new requirements will become effective in Q3 upon publication of a notice from the exchange.

In the second half of 2016, the exchange will work to finish a review of continued listing requirements for listed companies. A list of proposed amendments will be published for comment in the near future.

“The CSE team is constantly working on new and dynamic ways to drive our mandate, which is supporting entrepreneurs and lowering the cost of capital for early stage companies,”

said Richard Carleton, CEO of the Canadian Securities Exchange.

“The activities we undertook in the first half of 2016 made our offering as an exchange stronger, as evidenced by growth in both trading volume and financings closed by our issuers. We will continue to support CSE listed companies with a variety of public efforts, and by working with regulatory authorities to improve the operating environment for Canadian financial markets as a whole.”

For the full-length semi-annual interview with CSE CEO Richard Carleton please click here for the transcript.

Looking Forward to 2016: CSE Builds on another Strong Year.

Volatility in pricing and trading volumes are par for the course on any marketplace. What stood out in 2015, however, was not the usual swings in market sentiment but rather the consistency with which good news stories were able to be found on the CSE.

Despite a challenging year for many publicly listed firms, especially in the small cap space, in 2015 the Canadian Securities Exchange saw record trading volumes (2.47B shares traded), the highest number of listed securities on the exchange (316) and 273 financing deals that raised a total of $194M.

The details of the performance of the CSE in 2015 were shared as part of their latest news release. While the numbers confirm the exchange continues to grow, the figures also validate the model that the CSE offers to emerging and early stage firms who prioritize strategic growth.

CSE Achieves Major Milestones

In addition to the stats and figures, 2015 was an important year at home and internationally for the CSE.

Within the Canadian DIY investor space, the integration of all major Canadian discount brokerages meant that self-directed investors could directly access CSE-listed securities from any Canadian online brokerage.

Internationally, continued dialogue with international business leaders at the World Economic Forum sessions in Toronto and Miami, a CSE Day event with the OTC Markets Group in New York City as well as a memorandum of understanding signed with the Taipei Exchange demonstrated the CSE’s commitment to building an internationally recognized venue for listings and for innovation.

A Cause for Optimism

As the “Exchange for Entrepreneurs,” the CSE knows that key ingredients to success are resilience, innovation and of course, optimism.

Publicly listed firms who have made the switch to listing on the Canadian Securities Exchange have already reaped the benefit of lower operating costs. This, in turn, has provided these and other CSE-listed issuers with the resources to focus on strengthening their businesses.

By recognizing and responding to the need for a more efficient platform to raise public capital, the CSE looks to 2016 with a renewed sense of optimism. Like 2015, it seems that if investors and entrepreneurs are looking for good news in the markets, they may not have to look much further than the CSE to find it.

CSE Enjoys Record Year in 2014, International Outreach and Trading Initiatives Help Shape Agenda for New Year

The Canadian Securities Exchange (“CSE”) is pleased to announce record results in all key performance categories for the year ended December 31, 2014, reflecting success in achieving the exchange’s goal of reducing the cost of capital for Canadian public companies. For 2015, the CSE expects growth to remain strong as it maintains existing activities and introduces several new initiatives to further strengthen competitiveness.

CSE Enjoys Record Year in 2014 – Key Stats

  • The CSE finished 2014 with a total of 244 listed companies, a 35% increase compared to the previous year;
  • CSE companies conducted 211 financings, raising a total of $155 million, or $76 million more than in 2013;
  • Aggregate trading volume for the year was 2.3 billion shares, up 165%;
  • Aggregate trading value was $498 million, up 315%.

Companies from a wide range of business sectors sought listing status on the CSE in 2014, including pharmaceutical, health care, technology, mining, clean tech, oil and gas and financial services. Approximately half of new listings came in the form of public companies transitioning to the CSE from other exchanges.

The CSE enters 2015 with a strong applications pipeline and a fresh set of objectives to further enhance trading and market access.

Over 100 companies raised capital on the CSE during the year, averaging $1.4 million per issuer. Premier Diagnostic Health Services Inc. (CSE:PDH), Tier One Capital Limited Partnership (CSE:TLP.UN), Pivotal Therapeutics Inc. (CSE:PVO) and Helius Medical Technologies Inc. (CSE:HSM) each raised more than $7 million. Novo Resources Corp. (CSE:NVO) and Supreme Pharmaceuticals Inc. (CSE:SL) were among others that completed significant financings. Supreme was also an exchange volume leader in 2014, alongside other companies in the medical marijuana sector such as Abattis Bioceuticals Corp. (CSE:ATT) and Affinor Growers Inc. (CSE:AFI).

“Technology was a standout on the financing front, with issuers in the sector accounting for around half of all capital raised on the CSE in 2014,” said CSE Chief Executive Officer Richard Carleton. “But fundraising challenges remain and this makes our operating model attractive for companies at the early to mid stages of development. With no immediate relief on the horizon, our low-cost, highly efficient listing model will remain an important incentive for fast growing companies to work with us.”

The CSE enters 2015 with a strong applications pipeline and a fresh set of objectives to further enhance trading and market access. These include a new market making program designed to enhance issuer liquidity; new order routing, compliance and risk management tools to assist dealers; and more resources for the exchange’s marketing team to support existing issuers and attract new ones.

Plans also call for a broader foreign markets strategy, particularly in light of the benefits many issuers realized after the CSE became a designated exchange with the leading operator of over-the-counter markets in the United States early in 2014. Tighter bid/offer spreads and greater trading liquidity resulted for many companies as US investors gained access to CSE stocks through domestic broker platforms newly able to provide quotes denominated in US dollars. The CSE will explore this model with exchanges in the European Union and United Kingdom in the current year.

“We put a lot of effort into raising our profile with key segments of the public finance community in Canada and internationally in 2014,” said Carleton. “Our goal is to build on those achievements throughout the current year, ensuring easier market access to enhance liquidity, reaching out to institutional investors to explain the merits of the CSE and show them examples of highly successful companies on our exchange, and continuing to address the micro and macro needs of our growing issuer base.”

Continuing the Climb: CSE Joins the List of OTC Qualified Foreign Stock Exchanges

2014 continues to be a year of great accomplishments for the Exchange for Entrepreneurs. Earlier this month, the Canadian Securities Exchange (CSE) celebrated the achievement of another key milestone by being named to the OTC Markets Group list of qualified foreign stock exchanges, and in doing so, has opened the door to even greater attention and interest from one of the most popular marketplaces in the US.

Specifically, as a result of this designation, CSE-listed companies are now eligible to apply for trading on the OTCQX and the OTCQB marketplaces. Given the scale and popularity of the OTC marketplaces, the news is certainly creating a buzz among investors and issuers in Canada and the US.

Winds of Change

The approval announcement came just a few days ahead of a visit to Canada by the president and CEO of the OTC Markets Group, Cromwell Coulson.

As part of a campaign to raise awareness about the exchange, Coulson strategically selected Vancouver as the location to talk to industry and media because of the significant concentration of venture-stage companies. Like any savvy investor, however, the timing of Coulson’s visit was just right.

With the passage of the Jumpstart Our Business Startups (JOBS) Act in the US, there have been a number of important barriers lifted for “emerging growth” companies to be able to attract early investors. With restrictions on advertising to certain investors lifted and compelling amounts for capital raising allowed under the JOBS exemptions, there may very well be a catalyst for more active deal making to occur especially for junior and venture stage companies.

A Fine Balance

Given the pace of change that is occurring, however, only companies that can keep up with these changes can truly take advantage of them. One way in which companies can move with greater agility, is in the meeting the regulatory disclosure requirements.

The streamlined continuous disclosure model, recognized by the OTC marketplaces as viable reporting structure, will give CSE listed issuers the opportunity to respond more quickly to emerging funding landscape.

As advocates for reducing complexity, the CSE believes growing companies should be able to focus on growing their businesses and ultimately be more agile in the way in which they run themselves.

The Bottom Line: Being a Qualified Foreign Stock Exchange Opens Doors

The acceptance onto the OTC Market’s list of qualified foreign stock exchanges is a great milestone in a year that has already seen so much positive news and interest in the CSE.

Given the alignment of the CSE’s streamlined approach to cost and complexity, it appears that this could provide emerging growth companies with a strategic edge they need to compete in a quickly changing landscape.

For CSE listed issuers interested in finding out more information about the OTC Marketplaces, here are a couple of resources:

OTC Markets Homepage: http://www.otcmarkets.com/home

Steven Jenkins
Associate
OTC Markets Group
212.896.4414 – office
518.641.8646 – mobile
steven@otcmarkets.com

CNSX Markets Inc., has rebranded itself to Canadian Securities Exchange (CSE)

TORONTO – January 6, 2014 – CNSX Markets Inc. announced that, effective today, the exchange will carry on business under the name “Canadian Securities Exchange”, abbreviated for convenience to the “CSE”.  All of the CSE’s web services are now available at www.thecse.com

CNSX is now CSE

The choice of the name Canadian Securities Exchange reinforces three of the central characteristics of the organization:

“Canadian”: Headquartered in Toronto, with an office in Vancouver and with representation in Calgary and Montreal, the CSE serves the needs of entrepreneurs with efficient access to the Canadian public capital markets. The Canadian market is recognized internationally for its ability to facilitate the creation and financing of public companies – a significant source of employment and economic growth in the country.

“Securities”: The CSE provides listings and trading services for more than just common equities. Convertible debentures, debt instruments, provincial government bonds, structured products and income trusts are also currently listed on the exchange. As issuers and the corporate finance community develop investment products designed to appeal to various segments of the investor population, the CSE will look to enhance both primary and secondary market liquidity for these new instruments.

“Exchange”: Issuers on the CSE are subject to a number of requirements designed to promote investor protection: prospectuses or other disclosure documents reviewed and approved by a securities commission; continuous disclosure requirements for material information; monthly updates from each issuer available on the CSE’s web site; and periodic regulatory filings available to investors on www.sedar.com

The CSE also provides a single, continuous auction market service, where bids and offers are displayed, and incoming marketable orders are traded on a price, broker, and time algorithm. Trading services are transparent, with real-time market information available from all major data vendors and at www.google.com/finance

Richard Carleton, CEO, commented:

“we are looking to reduce complexity and cost in the delivery of exchange services wherever possible. Our recent trading system consolidation where all Canadian listed instruments are offered on a single trading system is a great example of this approach. We are also well known for our responsive and cost effective services for companies looking to raise capital from the public equity markets.

By presenting all of our services under a strong, unified, brand, we are reinforcing our position as the exchange for entrepreneurs in Canada.”

The Canadian Securities Exchange will be hosting a number of events across the country to introduce the new brand to the investment community in the coming weeks. Check for details of upcoming events at blog.thecse.com/category/events/

FOR FURTHER INFORMATION PLEASE CONTACT:
Richard Carleton
CEO, CNSX Markets Inc.
416-367-7360
richard.carleton@thecse.com