Private Investments Going Public
Two private investments, Peninsula (now Renterz) and Electro Metals, are looking to go public in Q4. Peninsula is a U.S. single-family rental business trying to raise funds at $1.90 per share, and Electro Metals is a traditional Canadian mining company focused on copper and gold, awaiting final listing approval.
Successful CBD Treatment Trials
A-Synaptic, a company developing CBD treatment for epilepsy, has been approved by the FDA for a clinical trial at Boston's Children's Hospital. Additionally, a $3 million grant from the Michael J. Fox Foundation is funding a trial for using the same treatment for Parkinson's.
Positive Outlook for Q4
Expectations for a profitable Q4 are supported by potential gains from private investments going public and improvement in the valuation of companies like Newlox Gold, which is expected to resume trading at $0.05-$0.06 per share.