SCR:TSx Says A Major Step Forward Bill C-218 Passed In House Of Commons (senate a rubber stamp)

Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app 'theScore' is one of the most popular in North America, delivering fans highly-personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company's sports betting app 'theScore Bet' delivers an immersive and holistic mobile sports betting experience and is currently available to place wagers in New Jersey, Color 

TORONTO--(BUSINESS WIRE)--Score Media and Gaming Inc. (“theScore” or the “Company”) (TSX: SCR; NASDAQ: SCR) Founder and CEO John Levy issued the following statement on the passing of Bill C-218 by the House of Commons today. Bill C-218, which would legalize single event sports betting in Canada, now moves to the Senate for reading and adoption.

“We also want to recognize MP Kevin Waugh for his tireless work in sponsoring and shepherding Bill C-218 through the House of Commons.”

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“We commend the members on all sides of the House of Commons for quickly passing this much-needed legislation. Today’s development is a major step forward and we are increasingly encouraged by the widespread industry and strong cross-party support that Bill C-218 has garnered. Now that Bill C-218 has been passed by the House, we look forward to the Senate swiftly carrying the ball over the goal line.”

Levy added, “We also want to recognize MP Kevin Waugh for his tireless work in sponsoring and shepherding Bill C-218 through the House of Commons."

theScore estimates a market potential for online gaming in Canada of between US$3.8 billion and US$5.4 billion in annual gross gaming revenue, based on historical data extrapolated from legal online gaming markets in the U.S. and globally.

theScore’s sports media app (iOS and Android) is one of the most popular multi-sport news and data apps in North America and its mobile sportsbook, theScore Bet (iOS and Android), delivers an immersive and holistic mobile sports betting offering, including a wide range of pre-game and in-play betting across all major sports leagues and events, and a comprehensive variety of bet types, and is currently live in New Jersey, Colorado, Indiana and Iowa.

About Score Media and Gaming Inc.
Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company’s sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience and is currently available to place wagers in New Jersey, Colorado, Indiana and Iowa. Publicly traded on the Toronto Stock Exchange (TSX: SCR) and the Nasdaq Global Select Market (NASDAQ:SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.

OGI Price Target Up To $6.00 usd

 OrganiGram (NASDAQ:OGI) had its price objective boosted by investment analysts at Stifel Nicolaus from $4.00 to $6.00 in a research note issued on Thursday, The Fly reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 138.10% from the company’s previous close.

OGI has been the subject of a number of other research reports. Raymond James dropped their target price on OrganiGram from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Wednesday. CIBC cut OrganiGram from a “neutral” rating to a “sector underperform” rating and reduced their target price for the company from $5.00 to $3.25 in a research note on Wednesday. BMO Capital Markets raised OrganiGram from an “underperform” rating to a “market perform” rating and set a $4.00 target price on the stock in a research note on Thursday, April 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $6.00 target price (up from $3.50) on shares of OrganiGram in a research note on Thursday, March 11th. They noted that the move was a valuation call. Finally, Alliance Global Partners reduced their target price on OrganiGram from $4.00 to $3.75 and set a “neutral” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $4.41.