Analysts at Aegis Capital Corp rated Kintara Therapeutics Inc (NASDAQ:KTRA) a ‘Buy,’ while maintaining a $7 share target price on the company which develops new solid tumor cancer therapies. The San Diego, California-based clinical stage drug development company closed its fiscal third quarter with cash and equivalents of about $15.7 million. In a note to clients, Aegis Capital analysts said that Kintara’s financial runway had been extended. “The company stated that its available cash would be sufficient to fund operations through 2Q22 (formerly 4Q21), with warrant exercise and Adgero synergies making up the delta,” said Aegis Capital analyst Nathan Weinstein.
PlantX Life Inc (CSE:VEGA) (OTCQB:PLXTF) (FRA:WNT1) announced the launch of its new PlantX warehouse in Squamish, British Columbia. PlantX said the new warehouse is a critical component of the company’s expansion plans and will be used to support its supply chain for the distribution of indoor plants across Canada.
Binovi Technologies Corp (CVE:VISN) (OTCQB:BNVIF) says neuro-visual performance platform Binovi Connect stepping up to serve a wider market. In a statement, the company said the remote-care platform will dramatically increase access to optometry professionals, streamline the vision therapy and training experience, and empower individuals through personalized insights and action plans to enhance and optimize their visual skills related to cognitive performance.
Atlas Engineered Products Ltd (CVE:AEP) (OTCMTS:APEUF) announced it had recorded a net profit for its first quarter of 2021 on a double-digit revenue increase. For the three months ended March 31, the company recorded net income of C$51,208, compared to a net loss of C$762,961 in the year-ago quarter. Revenue increased 29% year-over-year to C$9,129,633 for the company’s best 1Q to date.
ImagineAR Inc (CSE:IP) (OTCQB:IPNFF) (FRA:GMS1), along with blockchain fintech company Liquid Avatar Technologies Inc (CSE:LQID) (OTCPINK:TRWRF) (FRA:4T51) and Oasis Digital Studios announced that US Grammy-nominated and multi-platinum rapper