CSE Trading & Listing Review – June 2015

Publicly listed companies continued to show strong interest in the Exchange for Entrepreneurs in June. With 11 new listings and $17 million in financings, the CSE is quickly closing in on the milestone of 300 listed securities. As of the end of June there were 291 listings from 269 issuers. Read below for further details.

New Listings

The CSE welcomed 11 new listings to the Exchange last month. There were six equity listings, one of which was an IPO (Squire Mining Ltd.), from a variety of sectors as well as five bonds listed. Here are the new additions:

  1. Expedition Mining Inc. (CSE:EXU)
  2. Light Access Technologies Inc. (CSE:LTE)
  3. Captiva Verde Industries Ltd. (CSE:VEG)
  4. Gravitas Financial Inc. Debentures (CSE:GFI.DB.B)
  5. Squire Mining Ltd. (CSE:SQR)
  6. Global Gardens Group Acquisition Corp. (CSE:VGM)
  7. Alliance Growers Corp. (CSE:ACG)

The Province of Manitoba also listed four of its Series 15 Builder Bonds under the following symbols:

  1. Three-year annual fixed rate – to June 15, 2018 (CSE:BMB.DB.A)
  2. Five-Year Annual Fixed Rate – to June 15, 2020 (CSE:BMB.DB.B)
  3. Five-Year Compound Fixed Rate – to June 15, 2020 (CSE:BMB.DB.C)
  4. Five-Year Annual Floating Rate – to June 15, 2020 (CSE:BMB.DB.D)

Financing Activity

Deal activity in June continued to remain robust with $17 million in financing deals taking place. Year to date, deals were up 25% as of the end of June 2015. The technology and biopharmaceutical sectors continue to attract strong deal activity.

CSE Trading Activity

Trading volume strengthened by 30% in June compared to May. Just over 200 million shares traded in the month across 14.7 thousand trades. For more details on CSE trading activity for June, click here.

Pic_CSEBlog_201507_TradingPerformance_201401-201506_web

The top five most active issues on the CSE by volume for June were:

  1. KWG Resources Inc. (CSE:KWG)
  2. Nutritional High International Inc. (CSE:NHL)
  3. DealNet Capital Corp. (CSE:DLS)
  4. Affinor Growers Inc. (CSE:AFI)
  5. Umbral Energy Corp. (CSE:UMB)

The top five most actively traded issues on the CSE for June were:

  1. Cannabix Technologies Inc. (CSE:BLO)
  2. Lite Access Technologies Inc. (CSE:LTE)
  3. Nutritional High International Inc. (CSE:NHL)
  4. DealNet Capital Corp. (CSE:DLS)
  5. InMed Pharmaceuticals Inc. (CSE:IN)

Be sure to follow us on Twitter, LinkedIn or visit the bulletins section of the website for timely updates on CSE trading and listing activity.

CSE Semi-Annual Review: Full Text of Interview with Richard Carleton

The following is the full text of an interview conducted between CEO of the CSE Richard Carleton and Peter Murray of Kiyoi Communications. For ease of reference, subject headings have been added and can be navigated to using the list of links below.

Content By Topic – Interview with Richard Carleton

Performance in Early 2015

PM: In terms of listing activity, how good a start is the exchange off to in 2015?

RC: We are tracking to plan so far, and we had some aggressive forecasts for the full year on our listing side. We are grateful to be hitting those targets because while there has been some improvement, we know it continues to be a challenging funding environment for junior capital in Canada. We are working with regulators and other groups constantly to ensure we provide an attractive environment that lowers the cost of capital and enables strong management teams to move their companies forward.

Revisions to Plans of Arrangement

PM: In January, the exchange released new guidance regarding plans of arrangement. This is important, as many CSE issuers listed via plans of arrangement and there are surely more intending to go this route. The guidance essentially states that plans of arrangement remain acceptable but in significantly fewer cases than before. Can you discuss with us the motivation behind this change?

RC: We were concerned that as the plan of arrangement emerged as a popular means of taking companies public without having to go through a prospectus process, in a number of cases it was basically being used to create shell companies. They met our listing criteria, but it appeared to us that there was in fact no real business being vended into the company that was created through the plan of arrangement, nor any actual intention for it to be anything other than a shell that would immediately begin looking for a counterpart for a reverse takeover type of transaction. The number being created gave us concern that this was something that really wasn’t in the public interest, and that was what led us to issue the guidance in January. We have also worked very closely with the securities commissions, and particularly those in B.C., Alberta and Ontario, on the concerns we have.

PM: What influence do you think these tighter rules surrounding plans of arrangement will have on the pace of applications to list on the CSE?

RC: People who have businesses that need capital to grow are going to continue to come to us because of our service proposition. Certainly, for companies with genuine business prospects and for entrepreneurs looking to raise money it is going to have little if any influence on those companies. We will continue to see large numbers of these types of companies approach us and apply for listing.

PM: If a company does not qualify for a plan of arrangement then one obvious route to a public listing is to create a prospectus. Can you discuss some of the advantages and disadvantages of using a prospectus to list on the CSE?

RC: There are many benefits to taking this approach to the public capital markets, particularly where a company does not have any track record of disclosure. Here, I am thinking of a brand new start-up that has no history of filings, no history of audited financials, really no history of disclosure on any level. In many respects the prospectus model is probably the best way for such a company to turn to the public markets.

Another advantage is that once you have cleared the approval process with one of the commissions, the listing process with us becomes very simple. Basically, you can take the disclosure materials that were created for the prospectus and convert that into the listing statement, which is the main disclosure document the company relies upon when they list with us. So there is not really any duplication of effort. Much of the same information goes into putting together a prospectus for the commission to approve as goes into a listing statement.

In terms of approaching investors, it can only enhance the confidence an investor would have in a company if the company has been cleared by a securities commission. And another important point, of course, is that a company’s fund raising efforts are no longer limited to accredited investors. With a prospectus, you can market your offering to a much wider range of investors.

The disadvantages are the time and expense associated with putting the document together and getting it approved. Now, the corporate finance groups at the securities commissions in Canada are not as busy as they were when small-caps were in their heyday, and feedback from companies that have been through the prospectus process recently is that it is actually fairly quick. So the time component may not be as much of a concern as it once was. On the cost side, I believe the legal community is exceedingly aware of, and sensitive to, the cost concerns that clients have and it is fair to say that they have been helping to address the situation.

So-called Zombie Companies

PM: More than a few thought leaders in the Canadian financial community have spoken recently about so-called zombie companies — issuers that raise small amounts of capital to continue meeting listing requirements but with virtually no financial capacity to further a business and create value for shareholders. How did this situation come about and are zombie issuers a problem on the CSE?

RC: The problem came about as a result of the last great boom in mining finance. Probably 4 or 5 years ago, as the price of gold approached its all-time high of around $1,900 per ounce, we created hundreds of junior gold exploration companies in Canada. At the same time we had companies created to pursue opportunities in rare earths, base metals – really, across the board in terms of mineral exploration. All told, 800 to 900 companies were created in a relatively short period of time.

All of these companies raised money to go through the first or second phase of an exploration program, and a large percentage of them have spent virtually all of that money. There is a long tradition in Canada that when you have a struggling public company you do everything you can to raise the money to at least pay your lawyers and your auditors, and cover the filing fees. This is done to preserve the potential opportunity for the shareholders, but also to preserve the shell value of the company and in many cases to ensure the company retains title to its mining assets.

At the CSE, one of the reasons we don’t have a lot of those companies is because we missed that boom. As a result, our companies tend to be younger and the ones in the mining space are ones that are actively exploring now. And some of our companies that began in mining exploration have elected to find opportunities outside of the mining space.

But as far as having a large number of issuers who are in a negative working capital position and barely staying afloat, that is not something we see a lot of on the Canadian Securities Exchange.

Connecting Canadian Online Brokerages

PM: In February, TD Direct Investing became the latest discount broker to provide its customers with online access to the CSE trading platform. With the addition of TD Direct, virtually all of the leading discount brokers in Canada now provide seamless online access to trading in CSE shares. Which brokers have yet to provide this service to their customers, and are they close to doing so?

RC: We just added BMO InvestorLine and they were the last major Canadian bank platform to join the CSE community. At this point the only large discount brokerage that does not have connectivity is Disnat (Desjardins Online Brokerage). We are working with Disnat and one of the platform vendors supporting their service to see what we can do to expedite access for Disnat customers. Otherwise, we have all of the independent Canadian discount brokers and all of the major Canadian bank discount brokers connected to our system. For all intents and purposes, there are no impediments for Canadian investors to trade CSE-listed stocks online.

Launching the CSE Composite Index

PM: The CSE introduced its own stock price index toward the end of February: the CSE Composite Index. How many companies are in the index and what are the inclusion criteria? Why did the CSE decide that now was the right time to create its own index?

RC: We have quite a diverse population of issuers and a number of groups had been asking us to put together a capitalization-weighted index, to see what the performance would have looked like over the last few years and to compare performance with other small-cap indices in North America. There have even been suggestions that at some point, as our organization and the companies included in our index mature and grow, the index could serve as the underlying for financial products such as ETFs or structured products.

For a composite index, the general rule of thumb is that you would like to have about 80% of the market capitalization of the exchange represented. As of the most recent rebalancing, our index contains 65 companies that represent close to 80%. We will make sure that index levels and related information are available to investors not just through our website but also through data vendors such as Bloomberg and Thomson Reuters, as well as services such as Google and Yahoo. The index is an excellent measure of the development and growth of a broad cross-section of Canadian small-cap public companies.

Insights from PDAC 2015

PM: The CSE took part in the Prospectors and Developers Association of Canada (PDAC) convention at the beginning of March. Did you come away from this year’s event with any insights useful to issuers and investors?

RC: I was impressed with the amount of positive energy this year. Going into the show I think a lot of people felt the mood was going to be fairly depressed, but it actually was quite the opposite. There was a lot of very positive energy and deals were getting done. We had a tremendous amount of traffic to our booth at the show. I came away with the sense that the Canadian mining community continues to be aware of the short-term challenges, both of low commodities prices and difficulty in raising additional funding to pursue projects. But these are strong and resourceful people we are talking about here, and most are optimists at heart. As a group, they seemed quite upbeat.

Companies Raising Capital

PM: Large-cap stocks continue climbing to new all-time highs, and while things are improving for small caps, it can still be difficult for smaller companies to obtain financing under reasonable terms. That having been said, quite a few companies on the CSE have completed sizeable capital raises over the past 12 months. How are they accessing that capital? Who are the investors?

RC: We don’t necessarily note who the investors are when a company completes its financing, although in working with companies we do become aware as to who some of the large backers are. It is my impression, and I have to say that this is more anecdotal than scientific, that it remains a mix that includes institutional investors who devote a portion of their portfolios to small-cap stocks, accepting higher risk in pursuit of higher returns. These are the ones who do their homework and work with good management teams and tend to support the right stories. We also see lots of high-net-worth investors and sometimes smaller retail investors.

If you had asked me a year ago, the majority of the funding would have been raised with the assistance of the Exempt Market Dealer community. But this year we see more of the capital coming from the traditional dealer community. That is good because they are an important part of the ecosystem for small caps in Canada and the fact that we do seem to be running into these groups from the traditional dealer community more often is a positive indicator.

Companies Choosing to List on the CSE

PM: Some of the new listings on the CSE come from companies listed on a different exchange choosing to move to the CSE. Can you comment on this and do you see it continuing?

RC: I think you can boil it down to superior service and cost-efficiency. And based on some of the conversations we had at the PDAC I would expect to see this continue.

The other area that will increasingly become a focus for us is Canadian domiciled companies that did a public offering over the counter in the United States. Many companies in the life sciences and biotech sectors turned to the United States markets in the belief that there were not enough investors in Canada interested in that space for them to raise money. Well, now that the offering is complete you still wind up with a number of the officers and directors resident in Canada and they may not be satisfied with the levels of liquidity available to them over the counter in the United States. We would like to see some of those issuers join us and improve their secondary market liquidity. The other thing is to become part of a regulated market where there are continuous disclosure requirements and for these companies to build a disclosure record that can lower the cost of capital when they turn to capital markets in the future. We want to see some of the companies come back across the border, if you will.

Exchange Competition in Canada

PM: The exchange space in Canada is as competitive as ever. With high-level changes at the TMX (new CEO and vision) along with the launch of Aequitas NEO Exchange, where does this leave CSE in the competitive landscape?

RC: We are very comfortable with where we sit in the competitive landscape. The drive to deliver the lowest cost of public capital to Canadian reporting issuers is hard coded into the CSE’s DNA, and that advantage will always find an eager audience. Financing business growth via the public markets is one of Canada’s key strengths; the CSE’s growing market share of new listings is indicative of our importance in this space. The exchange will continue its efforts to improve the lot of issuers and dealers who service this market by delivering services designed to improve the liquidity profile of our issuers and address cost issues faced by our dealers.

Aequitas was founded by a number of large dealers and buy side firms to address their particular problems. On the trading side, they are attempting to improve the ability of dealers and institutions to buy and sell large volumes of stock without undue market impact. On the listing side, they’ve clearly set their sights on the TSX’s franchise in exchange traded funds and structured products.

The TMX Group has 4 equities trading facilities, an options and futures market, two clearing and settlement agencies, a transfer agent, an investor relations firm, an energy trading firm, a private company market, and, most recently, a live cattle trading facility. With our complete attention and focus devoted to the early stage community, we are confident that the CSE can continue to deliver a compelling service proposition.

Event Review: Canada Cannabis Conference

Venturing into uncharted territory is not for the faint of heart. For many entrepreneurs and investors in the fledgling medical marijuana sector, however, uncharted territory is something everyone seems to be taking in stride. Earlier this month, Jacob Securities organized their first Canada Cannabis Conference, an event that brought together numerous business and thought leaders from across the commercial cannabis space.

One of the key reasons for holding this conference was to bring together many key players and evaluate the licensing process within Canada as well as some of the early lessons from the initial licensees.

While the conference was modest in size, owing in part to the fact that it was an ‘invite only’ event, there was nonetheless strong interest for most of the sessions – with some being standing room only.

Attendees ranged from international accredited and institutional investors to representatives from strategic industry groups, most notably insurance and pharmacy owners. Overall, there was a definite sense that the investing climate for medical marijuana companies is considerably different this year compared to last.

In fact, one of the defining characteristics of the medical marijuana industry is just how quickly it is maturing. According to Jacob Securities analyst Khurram Malik the sector is evolving “faster than anything I’ve seen.”

According to data from Health Canada, there are 25 licensed producers and, as of March 31st there have been 1284 applications received with 324 of those applications currently in process. According to Malik, with the first cohort of licensed producers beginning to see revenues start to come in, more supply is reaching the market, and with more on its way investors and analysts will begin to have a clearer picture of how to value companies in this space based on supply/demand dynamics.

Number of Licensed Producers in Canada (as of June 2015) Source: Health Canada
Number of Licensed Producers in Canada (as of June 2015) Source: Health Canada

The CSE has also witnessed a rapid and sizeable interest in this growing sector. CSE CEO Richard Carleton had the following observation about where the Cannabis sector is heading and why so many firms are looking to the Canadian market to list:

“Canada has emerged as the clear source of public finance to the emerging industry in its various guises. With relatively fewer complexities to navigate, US domiciled companies are looking to Canadian corporate finance firms for access to public equity raised through an exchange listing in Canada. Increasingly, the exchange of choice is the CSE.  Not only do we have more than 30 companies in the space in some way, we have a number of large deals in the pipeline, many of them from the US.”

Even so, there are still signs of an industry in flux. Just this past month alone there were three blockbuster announcements around the space.

First, there was a historic decision by the Supreme Court of Canada to allow for sale/distribution of edible marijuana products and then came the news of a major merger deal between two important players in the space: Tweed Marijuana Inc. and Bedrocan Cannabis Corp. And, in Vancouver, the city just passed a by-law regulating where medical marijuana dispensaries may locate.

As the industry continues to evolve, attitudes are also changing towards medical marijuana use. One of the key observations from the Canada Cannabis Conference was the attendance and interest from both the insurance industry as well as from pharmacist groups who, for the most part, have been observing from the sidelines.

While the ‘heady’ days of last spring are behind us, the prospects for the medical marijuana space as a whole appear promising. This highly dynamic space still has many questions to answer and regulatory bridges to cross before becoming a well-established treatment option.

Overall, feedback on Jacob Securities’ initial Canada Cannabis Conference was  very positive. With a diverse range of market participants, both local and international, as well as in-depth coverage of the medical marijuana landscape, this conference provided a fascinating window into a space many are eager to see grow.

CSE Trading & Listings Review – May 2015

New Listings

Heading into summer, it looks like the temperature isn’t the only thing heating up. May was a stellar month at the CSE with eight new listings joining the Exchange for Entrepreneurs bringing the total number of listed securities on the Exchange to 288 as of May 31st.

The trend of companies from a diversity of backgrounds joining the Exchange continued in May with firms from natural resources, technology and life sciences coming aboard. Included in the new listings for May were seven equity listings and one debenture.

Here are the new listings on the CSE for May:

  • SustainCo Redeemable Debenture (SMS.DB)
  • Marapharm Ventures Inc. (MDM)
  • Toro Resources Corp. (TRK)
  • Global Remote Technologies Ltd. (RGT)
  • Meryllion Resources Corporation (MYR)
  • Targeted Microwave Solutions Inc. (TMS)
  • Arbitrage Exploration Inc. (AEA)
  • Asante Gold Corporation (ASE)

Financing Activity

Companies listed on the CSE were also active in raising capital in May. There were 16 financing deals that closed in May totalling just shy of $10M and bringing the level of capital raised on the CSE for 2015 to $68M. On a year over year basis, this represents an increase of 13% in financing activity.

Of the 100 financing deals completed thus far in 2015, 71 have come from separate companies.

The focus on technology companies has been evident in 2015 with almost ¾ of the financing deals coming from the technology sector and the remainder split evenly between diversified industries and mining respectively.

Financing-Deals-YTD-2015_05_31

CSE Trading Activity

CSE trading activity continued to trend downward heading into the summer months. A total of 12,478 trades were placed with a volume of 155M shares traded and a total value of almost $19M.

Trading_Volume_to_2015-05-31_web

The top five most active issues on the CSE by volume for May were:

  1. Nutritional High International Inc.
  2. InMed Pharmaceuticals Inc.
  3. Hi Ho Silver Resources Inc.
  4. Umbral Energy Corp.
  5. Matica Enterprises Inc.

The top five most actively traded issues on the CSE for May were:

  1. InMed Pharmaceuticals Inc.
  2. Cannabix Technologies Inc.
  3. Aurora Cannabis Inc.
  4. Nutritional High International Inc.
  5. Supreme Pharmaceuticals Inc.

For full trading information for May, click here to access the monthly trading summary.

Event Review: Canadian Investor Conference – 2015

Convincing investors to forego beautiful Vancouver spring weather is no easy feat. Yet, the lure of dozens of exhibitors and 40 plus speakers touting everything from green technology to the frontiers of applied neuroscience was enough to attract investors into this year’s edition of the Canadian Investor Conference (aka Canvest) on May 31st and June 1st.

The combination of both publicly-listed and private companies afforded visitors the chance to interact with entrepreneurs of all stripes. In addition to the mining and natural resource focused companies, one of the major draws for investors was the PowerHaus Pavillion, a section of the conference floor that housed two dozen private companies from a diverse set of industries.

It was fitting that in a room full of entrepreneurs that the Exchange for Entrepreneurs also played a major role as a supporter of this year’s show.

In addition to being a major sponsor, the CSE also participated as an exhibitor and in a panel discussion. CSE representatives Natalie Kovacs, Mark Francis and James Black were on-hand to answer questions about the Exchange. CEO of the CSE, Richard Carleton, was also present on Sunday and Monday, meeting, greeting and even doling out the occasional hug.

Pic_Blog_201506_Canvest15_RichardCarleton_1

Private vs Public: An Evolving Dialogue

One of the key events the CSE participated in was the panel discussion on public versus private investment. Moderated by Blake Corbet of PI Financial Corp., the panel featured Jason Paltrowitz (OTC Markets Group Inc.), Richard Carleton (CSE), Marcus New (InvestX Capital Ltd.) and John McCoach (TSX Venture Exchange).

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The lively and spirited discussion touched on a number of issues important to investors and entrepreneurs alike.

For example, one key message was that investors need to do their due diligence when looking for investment opportunities in either the private or public spheres. Recent regulatory reforms in the US as well as the new channels that investors can tap into to participate in exciting growth stories, are all designed to make access to early-stage capital easier. That said, panelists recognized the inherent risks associated with growth-stage firms and encouraged investors to take a measured approach to assessing investment opportunities in this space.

Another interesting perspective raised in the panel, was the shift in focus of investment capital into the technology sector.

As pointed out by Richard Carleton, technology companies listed on the CSE have accounted for the vast majority of financing deals that have taken place this past year. In fact, it is interesting to note the parallel shift experienced by the Canadian Investor Conference which has also seen a significant transition away from being exclusively natural resource companies to now showcasing up-and-coming technology stories.

Around the Conference

Richard Carleton was also interviewed on site by the Investing News Network – check out the full interview in the video below.

Several CSE-listed firms were also exhibiting at Canvest, including:

  • Newnote Financial Corp. (CSE:NEU)
  • Lifestyle Delivery Systems Inc. (CSE:LDS)
  • Pasinex Resources Ltd. (CSE:PSE)
  • Wildflower Marijuana Inc. (CSE:SUN)
  • Robix Alternative Fuels Inc. (CSE:RZX)

Check out some of the highlights from the Canadian Investor Conference in the picture gallery at the end of this post.

Winds of Change

Despite the challenges faced by small-cap and junior companies, the 2015 Canadian Investor Conference offered entrepreneurial firms with an interest in telling their story to find an audience to tell it to.

VP Listings Development, James Black, noted “Once again, we were happy with the outcome of this conference and always come away with new intelligence on how our marketplace is evolving. For instance, it’s clear that investment interest is starting to shift decidedly in favour of non-resource stories, even in Vancouver where mineral exploration deals been the bread-and-butter of the street. Our own stats further support this viewpoint as we are seeing a growing trend of IT, Biotech, and Cleantech companies attracting financing, specifically those based in BC.

As the last several years have shown, regardless of market conditions, innovators always find a way to thrive.

With the diversity and number of firms joining the CSE continuing to increase, it seems the market is also telling a story of its own: making capital easier to access and more affordable to raise is something entrepreneurs want and need in order to stay competitive.

The CSE Quarterly – Issue 5 is Now Live!

The CSE Quarterly Issue 5The CSE’s Magazine for Feature Companies

The CSE is proud to present the fifth edition of its quarterly publication – the CSE Quarterly – Issue 2 – 2015 is now live! This issue profiles companies operating in a variety of industries including health technology, sensors, big data, and food retail. The companies profiled in this issue include:

Deer Horn Capital Inc. (CSE:DHC)
Eight Solutions Inc. (CSE:ES)
Data Deposit Box Inc. (CSE:DDB)
Auxellence Health Corporation (CSE:AID)
Micromem Technologies Inc. (CSE:MRM)
Dundee Sustainable Technologies Inc. (CSE:DST)

To have The CSE Quarterly delivered directly to your inbox, sign-up below:




Click below to access the full issue:

(Trouble accessing the publication below? CLICK HERE TO ACCESS THE ISSUE)

Thanks again to our advertisers Davidson & Company LLP, and Bacchus Law Corporation.

The CSE Day Helps Entrepreneurs Shine Brightly

As every entrepreneur knows, having a great story to tell and being able to tell it can spell the difference between an uncomfortable elevator ride and a lucrative one.  Of course, it helps tremendously if the right people are in the elevator to hear that story in the first place.

As the Exchange for Entrepreneurs, the CSE has been supporting its listed issuers with a series of recent events geared towards building great pitches and bringing together the right audience to hear them.

These sessions, known as “The CSE Day”, were held in Vancouver and Toronto, and provided listed companies the opportunity to work with leading communications experts, network with fellow entrepreneurs and of course, connect with the CSE team.

The CSE Day Vancouver, which took place in April, was a classic West Coast experience. Co-sponsored by Equities.com, Clark Wilson LLP and Davidson & Company LLP, it started early with a power breakfast and delivered plenty of food for thought.  Attendees were provided with a wealth of insight on upcoming regulatory changes to raising capital in Canada and the US as well as on key issues in the tax landscape for public companies to be aware of.

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The Toronto edition of The CSE Day, by comparison, took place in the heart of the concrete jungle in the exquisitely designed Trump International Hotel on the Exchange (for Entrepreneurs) Floor. The CSE Day Toronto was co-sponsored by chartered accounting firm Collins-Barrow, Equities.com and information distributor Newsfile Corp. and featured presentations from Richard Carleton, CEO of the CSE, as well as pitch workshops and an incredibly lively networking mixer.

Continuing to Shine

In both sessions, the CSE provided updates on the continued strong performance of the CSE for the first several months of 2015. From listings, to trading activity to connectivity to financing deals, the CSE maintained positive momentum as Canada’s fastest growing securities exchange.

Some of the major milestones achieved by the CSE as of mid-May 2015 included:

Hints were also dropped of bigger and bolder moves on the horizon.

Additional connectivity of online brokerages as well as bringing a major online financial portal aboard as a market data provider are around the corner. Also, on the heels of a very productive trip to Europe late last year and interest from partners in the US and further afield, the CSE is looking to widen its global footprint this upcoming year.

Pitch Perfect

To help firms listed on the CSE improve the ability to tell their company stories, a cornerstone of the The CSE Days were free hands-on pitch training sessions with communications professionals.

In Vancouver, Julie Durant of Market Motion Media led a workshop on how to provide an effective pitch; in Toronto, Marc Gordon shared his formula for creating a powerful and compelling talk to a full house.

CSE_Day_Presentations

Of course, with any skill, it’s practice that makes perfect.

After the workshop sessions, participating firms were given the chance to show off their pitches during the networking session that followed.

In total, a dozen CSE-listed companies took part in providing their pitches for fellow attendees. To view the full slate of company pitches,  check out the video below or visit our YouTube channel here.

Companies that presented pitches included:

Landslide of Support

Regardless of which side of the Rockies attendees participated in, the feedback from The CSE Day was overwhelmingly positive.

Attendees, presenting companies and sponsors shared in their assessment that The CSE Days demonstrate that the Exchange for Entrepreneurs continues to hit the right notes with junior firms.

According to James Black, VP, Listings Development, “as the Exchange for Entrepreneurs we are proud of the fact that much of our success has been based on providing real value for our listed issuers. Events like The CSE Day are great for learning as well as for bringing entrepreneurs together to interact with one another. We’re genuinely excited to continue holding these sessions throughout the year.”

By all accounts, The CSE Day Vancouver and Toronto were incredibly successful. With insightful presentations on raising capital, hands-on pitch workshops and the chance to network with key members of the capital raising community, the CSE is continuing to help entrepreneurs make the elevator to the top much more enjoyable experience.

Enjoy the pictures from The CSE Day Vancouver and The CSE Day Toronto!

The CSE Day Vancouver Spring 2015

The CSE Day Toronto Spring 2015

Special thanks to CSE staffers Barrington Miller, Rob Cook,  Natalie Kovacs, and Kayla Matson for helping make these events a tremendous success.

Event Review: TakeStock! AB Investor Forum

The CSE was a proud sponsor and participant at the May 6th TakeStock! AB Conference in Calgary, Alberta.

In its largest and most successful event to date, the third Take Stock! Investor Forum hosted another productive day of company presentations, investor education and professional networking.

The event continues to grow in traffic as well as popularity and drew a diverse set of thought leaders highlighted by keynote speaker Fabrice Taylor, author of the popular President’s Club Investment Letter.

Companies presenting and exhibiting at the forum included a mix of early-stage, growth-oriented public companies alongside representatives from private companies. Several CSE-listed issuers also attended, including Aurora Cannabis Inc. (CSE:ACB), Glenbriar Technologies Inc. (CSE:GTI) and Robix Alternative Fuels Inc. (CSE:RZX).

TakeStock! AB is proud to present its next forum on November 6th, 2015 at the Ramada Downtown Calgary.

Registration for this event is already open at http://www.takestockab.com/

For pictures from the May 6th forum please preview the gallery below.

Quarterly Review: CSE Off to Great Start in 2015

With the first calendar quarter of 2015 now in the books, the CSE is on pace to have another exceptional year. Through Q1 of 2015, the CSE has achieved a number of important milestones, implemented structural improvements and continued to attract interest from publicly listed companies looking to improve their cost of accessing capital.

The Q1 numbers also support the continued positive momentum: 20 listings, 62 financing deals and $42.3M raised. As good as they are, however, there’s more to story of Canada’s fastest growing securities exchange than just impressive numbers.

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CEO Richard Carleton

Recently, the CEO of the CSE, Richard Carleton, sat down with Peter Murray from Kiyoi Communications to provide a deeper discussion of the exchange’s achievements as well as the opportunities on the horizon for 2015. The full interview will be available in the next issue of the CSE Quarterly however here are some of the highlights.

Improving Connectivity to the CSE

Alongside the rapid growth in listings on the CSE has been growing retail investor interest in accessing the companies trading on the exchange. Over the past year, the CSE has worked with several of Canada’s major independent and bank-owned online brokerages to help them meet strong client demand to provide direct trading access on the CSE.

In Q1 two major bank-owned online brokerages, TD Direct Investing and BMO InvestorLine, enabled direct trading for their clients bringing the total number of online brokerages with direct trading access on the CSE to 13. With the addition of these significant bank-owned brokerages, clients of all major Canadian bank-owned brokerages can now trade CSE-listed securities conveniently via their online platforms.

Tracking the Pulse of Innovation

Another significant milestone achieved by the CSE this past quarter was the launch of the CSE Composite Index. As the Exchange for Entrepreneurs, the CSE is uniquely positioned to attract innovators looking to grow via the public markets. The diversity of industries and sectors represented by securities listed on the CSE was, in part, a driving force behind creating the CSE Composite Index. According to Carleton, “The index is an excellent measure of the development and growth of a broad cross-section of Canadian small-cap public companies.”

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Staying a Step Ahead

In addition to the successes in broadening connectivity to and tracking of the exchange, the CSE undertook important steps to preserve the sustainability and integrity of the Canadian public markets landscape. The interview also covers in-depth the context behind the guidance issued on plans of arrangement and firms choosing to list via this option. An important theme of that discussion was that creating confidence for investors ultimately serves to benefit all marketplace stakeholders.

As crucibles of innovation, publicly traded markets are constantly evolving. And, while staying on top of this change is challenging enough, getting ahead of the curve is simply the reality all public market stakeholders need to embrace.  For the CSE, like many entrepreneurial firms, innovation, responsiveness and creativity are key to being able to keep pace with the speed of change.

Be sure to read the full interview to learn more about how the CSE views the current climate for small-cap stocks and listings, how the CSE is positioning itself to respond to the emerging trends in capital raising and why more and more companies are likely to continue joining the exchange.

To access the full interview, register for the CSE Quarterly mailing list here.