ELEVAI Labs Inc. Enters New Secondment Agreement

ELEVAI Labs Inc. ( (ELAB) ) just unveiled an announcement.

On May 7, 2025, PMGC Holdings Inc. entered into a Secondment Agreement with Northstrive Companies Inc., a California corporation, to utilize Northstrive employees for certain services. These employees will remain under Northstrive’s employment, with PMGC reimbursing Northstrive for their services based on agreed terms. The agreement outlines responsibilities, termination conditions, and cost-sharing arrangements, impacting PMGC’s operational flexibility and resource management.

Spark’s Take on ELAB Stock

According to Spark, TipRanks’ AI Analyst, ELAB is a Underperform.

ELEVAI Labs Inc. is rated poorly due to major financial weaknesses, including negative revenue and cash flow issues, which are exacerbated by adverse technical indicators. The lack of favorable valuation metrics further weighs down the stock’s score. The absence of applicable corporate events means no positive catalysts are present to offset these challenges.

To see Spark’s full report on ELAB stock, click here.

More about ELEVAI Labs Inc.

Average Trading Volume: 634,857

Technical Sentiment Signal: Sell

Current Market Cap: $2.11M

See more insights into ELAB stock on TipRanks’ Stock Analysis page.