Globe says Cannabis rivals hear new drug laws favoured : Organigram Holdings Inc (C:OGI)

 Globe says Canopy, rivals hear new drug laws favoured

Canopy Growth Corp (C:WEED)
Shares Issued 375,835,246
Last Close 2/23/2021 $44.41
Wednesday February 24 2021 - In the News

Also Organigram Holdings Inc (C:OGI) In the News
Also Cronos Group Inc (C:CRON) In the News
Also Aurora Cannabis Inc (2) (C:ACB) In the News
Also Aphria Inc (C:APHA) In the News

The Globe and Mail reports in its Wednesday edition that a majority of Canadians support the decriminalization of illicit drugs as part of the response to escalating drug deaths. The Globe's Andrea Woo writes that Angus Reid Institute surveyed 5,003 Canadian adults on their views and experiences relating to "Canada's other epidemic," as well as interventions they support to combat it, releasing its findings on Wednesday. It found that 59 per cent of respondents nationally -- a majority in every province except Saskatchewan and New Brunswick -- favoured removing criminal penalties for possessing small amounts of illicit drugs. British Columbia had the highest level of support, at 66 per cent. Only 45 per cent and 49 per cent of respondents in Saskatchewan and New Brunswick supported decriminalization. The survey was conducted Nov. 12 and 16. Support for drug decriminalization has gained momentum as record overdose deaths put pressure on governments to explore all options. Vancouver is in talks with Health Canada about decriminalizing on its own, while B.C. inquired this month about doing so provincially. Cities including Victoria, Toronto and Montreal have asked Ottawa to take action federally.

© 2021 Canjex Publishing Ltd.

SCR:TSX $183 million by offering 5 million shares at $36.52,

 

Canadian sports media and betting company Score Media and Gaming files for a $183 million US IPO

core Media and Gaming, a Canadian provider of sports-focused digital media and betting products, filed on Monday with the SEC to raise up to $183 million in an initial public offering.

The Toronto, Canada-based company plans to raise $183 million by offering 5 million shares at $36.52, the as-converted last close of its shares on the Toronto Stock Exchange (SCR). At the proposed price, Score Media and Gaming would command a market value of $1.8 billion.

The company provides sports-focused digital media and betting products. Its media app 'theScore' provides live scores, news, stats, and betting information on teams, leagues, and players. For the 12 months ended November 2020, theScore app ranked 3rd in North America and 1st in Canada among multi-sport news and data applications. The company's sports betting app 'theScore Bet' is currently available to place wagers in New Jersey, Colorado, Indiana and Iowa. Score Media and Gaming also creates and distributes digital content through its web, social, and esports platforms.

The Toronto, Canada-based company was founded in 2012 and booked $16 million in revenue for the 12 months ended November 30, 2020. It plans to list on the Nasdaq under the symbol SCR. Morgan Stanley, Credit Suisse, Canaccord Genuity and Macquarie Capital are the joint bookrunners on the deal. It is expected to price during the week of February 22, 2021.

The article Canadian sports media and betting company Score Media and Gaming files for a $183 million US IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

SCR:TSX Score Analyst Video David Burrows, president and chief investment strategist at Barometer Capital Management, discusses TheScore Inc.

 

David Burrows, president and chief investment strategist at Barometer Capital Management, discusses TheScore Inc.

OGI Video CEO BNN Interview

 

There’s a shift in demand, customers want more high THC products: OrganiGram CEO

OrganiGram reported a much wider fiscal first quarter net loss, with net revenue also falling more than forecasted. Greg Engel, CEO of OrganiGram talks about what weighed on the company in the quarter and what his team plans to change.

OGI:TSX Anonymous 3 days of Accumulation average $4.27 TD The Buyers Are Getting Loaded Up As CIBC Retail Dumps

OGI Being Accumulated As Retail Stop Losses Get Hammered- Brokerages Get Cheap share to load up ahead of the next Cannabis Rally Just 1-3 weeks away

3 Days Of Trades:

House Positions for C:OGI from 20210219 to 20210223

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
1 Anonymous	4,053,399	17,337,686	4.277	3,296,579	14,067,122	4.267	756,820	-3,270,564
39 Merrill Lynch	1,412,645	6,187,715	4.38	1,078,761	4,651,192	4.312	333,884	-1,536,523
53 Morgan Stanley	513,228	2,088,201	4.069	268,404	1,136,504	4.234	244,824	-951,697
7 TD Sec	2,224,696	9,285,350	4.174	2,007,793	8,570,546	4.269	216,903	-714,804
85 Scotia	464,910	1,845,725	3.97	291,608	1,252,470	4.295	173,302	-593,255
9 BMO Nesbitt	474,618	1,957,611	4.125	353,225	1,445,265	4.092	121,393	-512,346
2 RBC	552,365	2,291,224	4.148	437,130	1,870,180	4.278	115,235	-421,044
14 ITG	50,286	204,924	4.075	3,363	13,358	3.972	46,923	-191,566
70 Manulife	31,200	110,162	3.531	0			31,200	-110,162
80 National Bank	357,817	1,525,545	4.263	329,919	1,394,194	4.226	27,898	-131,351
124 Questrade	90,606	362,154	3.997	62,971	265,056	4.209	27,635	-97,098
13 Instinet	55,102	235,305	4.27	29,784	117,221	3.936	25,318	-118,084
212 Virtu	115,836	488,525	4.217	93,707	402,631	4.297	22,129	-85,894
76 Industrial Alliance	7,170	32,801	4.575	0			7,170	-32,801
72 Credit Suisse	5,105	21,454	4.203	0			5,105	-21,454
83 Mackie	3,000	11,430	3.81	0			3,000	-11,430
36 Latimer	22,969	95,321	4.15	20,398	85,329	4.183	2,571	-9,992
19 Desjardins	58,998	249,268	4.225	58,843	254,324	4.322	155	5,056
56 Edward Jones	0			250	1,072	4.288	-250	1,072
74 GMP	0			900	3,393	3.77	-900	3,393
57 Interactive	4,805	19,062	3.967	8,119	33,468	4.122	-3,314	14,406
143 Pershing	1,515	6,518	4.302	6,747	29,551	4.38	-5,232	23,033
65 Goldman	7,794	32,967	4.23	15,351	62,838	4.093	-7,557	29,871
88 Credential	54,403	222,934	4.098	70,129	302,859	4.319	-15,726	79,925
33 Canaccord	59,212	255,925	4.322	84,650	382,733	4.521	-25,438	126,808
28 BBS	10,789	39,270	3.64	57,268	250,956	4.382	-46,479	211,686
89 Raymond James	0			71,000	323,920	4.562	-71,000	323,920
79 CIBC	4,874,486	20,722,734	4.251	6,860,055	28,713,626	4.186	-1,985,569	7,990,892
TOTAL	15,506,954	65,629,811	4.232	15,506,954	65,629,808	4.232	0	-3

Score Media and i3 Interactive Seize New Market Opportunities as Legalization Expands

 

ORIGINAL: Sports Betting Boom: CEO’s of Penn National, FansUnite, Score Media and i3 Interactive Seize New Market Opportunities as Legalization Expands

2021-02-23 09:31 ET - News Release

NEW YORK, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Penn National Gaming (NASDAQ: PENN), i3 Interactive (CSE: BETS) (OTC: BLITF), FansUnite (OTC: FUNFF) (CSE: FANS), and Score Media and Gaming (OTC: TSCRF) (TSE: SCR).

Online betting markets are booming. With the recent success of New Jersey generating over $1 billion in taxable income per month, more states hungry for tax revenues are opening up to sports betting and gaming. Canada is now expected to open the market for sports betting with the passing of Bill C-218. Wall Street Reporter highlights the latest comments from industry thought leaders:

Score Media and Gaming (OTC: TSCRF) (TSE: SCR) CEO John Levy: “Enormous Opportunity For Sports Betting in Canada”

“...we're starting to unlock the potential of theScore and theScore Bet, showcasing the value of a fully integrated media and gaming business. As our gaming operations in the U.S. expand, we are simultaneously preparing for what is an enormous opportunity on the horizon in Canada, with the anticipated creation of a fully legalized and regulated sports betting and iGaming market...theScore’s popularity in Canada is unmatched in the mobile sports space, and we are eager to deliver theScore Bet to our fans in our home territory.

“... We estimate a market potential for online gaming in Canada at between US$3.8 billion and $5.4 billion in annual gross gaming revenue based on historical data, extrapolated from the legal online gaming markets in the U.S. and globally. It is now clear that there is cross party support and strong momentum to amend Canada's outdated federal laws and enable legal sports betting market to flourish.theScore is Canada's leading mobile sports brand, with millions of loyal app users across this country. And we're in a great position to capitalize on the expansion of online gaming. We're hard at work preparing for this sizeable opportunity and look forward to seeing legislation progress in 2021…”

Score Media and Gaming (OTC: TSCRF) (TSE: SCR) Earnings Highlights: http://bit.ly/2NWjNms

WALL STREET REPORTER

Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO's of promising, publicly-traded companies, and market experts. www.WallStreetReporter.com. Nothing in this news summary shall be construed as investment advice. Quotes/content may be edited for brevity and context. Full disclaimer, and relevant SEC 17B disclosures here: http://bit.ly/39kkE7K

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House Positions for C:SCR from 20210223 to 20210223

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
7 TD Sec	91,355	3,138,384	34.354	61,554	2,078,587	33.769	29,801	-1,059,797
53 Morgan Stanley	27,131	914,229	33.697	3,366	115,039	34.177	23,765	-799,190
1 Anonymous	85,657	2,863,502	33.43	69,683	2,368,340	33.987	15,974	-495,162
79 CIBC	86,663	2,941,677	33.944	72,890	2,482,268	34.055	13,773	-459,409
88 Credential	4,314	145,422	33.709	1,347	45,318	33.644	2,967	-100,104
59 PI	1,800	63,534	35.297	0			1,800	-63,534
124 Questrade	19,016	646,682	34.007	17,669	603,154	34.136	1,347	-43,528
65 Goldman	1,000	34,839	34.839	0			1,000	-34,839
25 Odlum	360	12,307	34.186	0			360	-12,307
56 Edward Jones	200	7,060	35.30	0			200	-7,060
57 Interactive	732	24,973	34.116	700	26,267	37.524	32	1,294
84 Ind Trading	0			0			0	0
22 Fidelity	0			3	99	33.00	-3	99
13 Instinet	500	16,195	32.39	800	27,192	33.99	-300	10,997
33 Canaccord	12,080	410,856	34.011	13,029	445,739	34.211	-949	34,883
39 Merrill Lynch	2,200	72,600	33.00	4,000	137,127	34.282	-1,800	64,527
212 Virtu	25,295	848,867	33.559	27,486	933,698	33.97	-2,191	84,831
74 GMP	0			3,800	133,430	35.113	-3,800	133,430
76 Industrial Alliance	400	13,720	34.30	5,000	162,307	32.461	-4,600	148,587
19 Desjardins	335	11,619	34.684	5,015	169,988	33.896	-4,680	158,369
2 RBC	33,373	1,144,370	34.29	40,104	1,379,926	34.409	-6,731	235,556
80 National Bank	11,774	400,354	34.003	21,970	745,665	33.94	-10,196	345,311
14 ITG	1,300	44,206	34.005	11,900	389,226	32.708	-10,600	345,020
9 BMO Nesbitt	25,638	877,711	34.235	38,513	1,288,304	33.451	-12,875	410,593
72 Credit Suisse	1,400	49,420	35.30	15,400	512,232	33.262	-14,000	462,812
85 Scotia	12,189	416,900	34.203	30,483	1,055,526	34.627	-18,294	638,626
TOTAL	444,712	15,099,427	33.953	444,712	15,099,432	33.953	0	5