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We're pleased to advise that on 9 July THC Global Group Limited (ASX: THC) (THC Global) announced that it has received a Manufacture Licence for cannabis at its Southport Manufacturing Facility, the largest bio-pharma extraction facility in the Southern Hemisphere. THC has increased from 44c before the announcement to 55c (25% increase). Gleneagle was the Joint Lead Manager of the IPO at 20c 2 years ago. The stock hit $1 within 7 months of the IPO but fell in line with the cannabis correction in early 2018. Regarding the licence, Chief Executive Officer, Ken Charteris commented: “The Manufacture Licence we have now received is the most significant Manufacture Licence granted in Australia to date, as THC Global has the largest bio-pharma extraction facility in the Southern Hemisphere. "We are ready to commence GMP API production of medicinal cannabis at globally significant volumes and at very competitive prices. We expect to be supplying Australian patients with Australian produced medicinal cannabis by early 2020, as well as responding to the rapidly expanding global demand for pharma-grade GMP API isolates and formulated medicines”. Highlights:

Topics: microcap, Announcement

We are pleased to share today's article covering Elsight (ASX: ELS) on Stockhead: https://stockhead.com.au/tech/global-manufacturers-are-getting-excited-for-halo/

Topics: Technology, Israel, microcap, Recommendations, Research, Elsight

We’re pleased to share Elsight’s announcement today, confirming:

1. the existing product range grew at 100% in Q1 v prior year; and
2. the Halo product has been exceptionally well received by Tier 1 manufacturers (OEMs) around the world. These OEMs include manufacturers of drones, cars, tablets and security cameras.

Elsight followed up its successful launch of Halo at Mobile World Congress in Barcelona with a great response from organisations at the Milipol (Military / Police) conference in Singapore. It didn't hurt that the chair of the conference was Mr Khoo Boon Hui, the recent addition to Elsight's Advisory Board.

Please click here for today’s announcement.

Also click here for an article published in Stockhead today.

Please   contact us   for  further queries or subscribe (on the right of this page) to receive  further updates.

 

Justin Rosenberg

Corporate Finance - Executive Director

Gleneagle Securities (Aust) Pty Limited

Level 27, 25 Bligh Street, Sydney NSW 2000

Ph: +612 8277 6683

Email: justin.rosenberg@gleneagle.com.au

Book a meeting with me

Topics: Technology, Israel, investment, microcap, Small Caps, Announcement, Elsight

We're pleased to share that Elsight (ASX: ELS) has received repeat orders of its Rider units to its Traffilog and Alrena.

Traffilog is a key partner of Elsight, selling Elsight's Rider system as an add-on to its fleet management solution which they sell globally. To-date Traffilog has been selling the Rider system to a UK security agency and we're pleased to see that this order is to a new customer: "a large public transport fleet project".

 

 

As announced in December, the Alrena rollout was delayed and was invigorated by public and private French investment. It is also pleasing to see that Alrena's orders are on track, continuing to roll out the systems to emergency teams in France.

Topics: Technology, microcap, Small Caps, Announcement, Elsight

Gleneagle Securities is pleased to advise that we will start to provide our Blog subscribers with access to exclusive investor presentations. Our first video conference is with Henry Charrabé (CEO of Fluence Corporation, FLC.ASX) on Tuesday 19^th March at 8:45am.

Topics: Technology, Israel, Small Caps, Boardroom Presentation

We're pleased to share today's ASX announcement that ELS has launched its revolutionary chip, called "Halo" . Elsight unveiled Halo today at the largest mobile expo: Mobile World Congress in Barcelona.

Topics: Technology, microcap, Announcement, Elsight

We're pleased to report MWR's announcement today, including: 

Topics: Technology, microcap, Announcement

We're expecting MWR to bounce after their positive sales update announced after market close yesterday. 

Topics: Technology, microcap, Announcement

The wild week in markets continued on Thursday as stocks sold-off as news of a government shutdown sent stocks tumbling to new lows and added to list of worries on Wall Street. We saw follow through selling from the previous session where the Fed hikes rates, as the Dow fell -1.99%, the S&P 500 declined -1.58 and the Nasdaq was lower by -1.63%.

Topics: +U.S. Market Wrap

It was a down day for markets as the Dow dove 350 points, making a new yearly low on Wednesday as the Federal Reserve raised interest rates a quarter of a point to a range of 2.25% to 2.50%. Overall the Dow fell -1.49%, the S&P 500 declined -1.54% and the Nasdaq saw the brunt of the selling down -2.17%.

Topics: +U.S. Market Wrap