|Bid||0.365 x 0|
|Ask||0.375 x 0|
|Day's Range||0.350 - 0.375|
|52 Week Range||0.235 - 1.190|
|Beta (3Y Monthly)||4.62|
|PE Ratio (TTM)||3.50|
|Earnings Date||Oct 18, 2018 - Oct 22, 2018|
|Forward Dividend & Yield||0.01 (1.47%)|
|1y Target Est||N/A|
Quinsam Capital Corporation (CSE:QCA) ("Quinsam" or the "Company") is pleased to update its investors on recent news relating to liquidity events by its investee companies. Quinsam congratulates CannAmerica Brands Corp. on its recent listing on the Canadian Securities Exchange. CannAmerica has an interesting brand licensing model that we think gives the company a lower-than-typical risk profile. The stock commenced trading yesterday under the symbol CANA. Quinsam invested $495,000 in this company at $0.30 per share. The shares closed on the first day of trading at $1.02. Quinsam would also like to congratulate FLRish Inc. on the announcement of a new financing round of securities convertible at $6.90 per share. We invested US$1.25 million at US$4.10 per share and we are also participating in the latest financing. FLRish Inc. operates in California under the iconic Harborside name. The company plans to file its listing statement shortly and is targeting a Q4 listing. We are not sure if there will be time for the regulatory process to clear this issue by year end.
Quinsam Capital Corporation (CSE:QCA) ("Quinsam" or the "Company") is pleased to update its investors on recent news relating to liquidity events by its investee companies. Quinsam congratulates RMMI Corp. (“RMMI”) for their recent listing on the Canadian Securities Exchange (“CSE”) under the symbol RMMI. "The CSE listing for RMMI represents the culmination of considerable effort by the management and board of RMMI as it has advanced its Alberta facility. Quinsam initially invested in RMMI at $1 per share and is a significant investor in the company,” said Roger Dent, CEO of Quinsam.
Quinsam Capital Corporation (CSE:QCA) ("Quinsam" or the "Company") wishes to congratulate Halo Labs Inc. (“Halo”) on its listing yesterday on the NEO Exchange. Quinsam holds 1.25 million Halo shares and 1.25 million Halo warrants. The warrants are exercisable at $0.80 until Dec. 31, 2020.
Quinsam Capital Corporation (CSE:QCA) ("Quinsam" or the "Company") is pleased to announce that it expects a large number of liquidity events by its investee companies in the coming months. “Quinsam has invested in a large number of pre-public companies over the last year” said Roger Dent, CEO of Quinsam. Following the usual slow period for liquidity events in the summer of 2018, Quinsam now anticipates a very active period for liquidity events as we head into the end of 2018.
Quinsam Capital Corporation (CSE:QCA) (“Quinsam” or the “Company”) is pleased to announce strong Q2/2018 results, with net income of $3.3 million ($0.03 per share) as compared to a loss of $0.3 million ($0.01 per share) in Q2/2017. “We entered the quarter with shareholders’ equity of $36.8 million, so our return on equity in the quarter after non-cash charges was nearly 10%. The Company has deployed the capital raised in the financings announced earlier in 2018 and in 2017.
Quinsam Capital Corporation (“Quinsam” or the “Company”) (CSE:QCA) is pleased to announce the that it intends to proceed with a normal course issuer bid to purchase up to 5,928,951 of its common shares (the “Bid”). The Company is commencing the Bid because it believes that the current market price of its common shares may not fully reflect the underlying value of the Company’s business and future prospects. The Company believes that the repurchase of its common shares for cancellation is in the best interests of its shareholders because the Bid will increase the respective proportionate shareholdings and equity interests of all remaining shareholders.
Quinsam Capital Corporation (“Quinsam” or the “Company”) (CSE:QCA) is pleased to announce the declaration of its sixteenth quarterly dividend. The Board of Directors of Quinsam has approved the Company’s sixteenth consecutive quarterly dividend. The dividend is $0.00125 per share ($0.005 per share per year). The distribution will be paid on August 20, 2018 to shareholders of record on August 1, 2018. This dividend will not be designated as an "eligible dividend" for Canadian income tax purposes. Quinsam is a merchant bank based in Canada that is focusing on cannabis-related investments. Our merchant banking business may encompass a range of activities including acquisitions, advisory services, lending activities and portfolio investments.
Quinsam Capital Corporation (CSE:QCA) (“Quinsam” or the “Company”) today refiled its management’s discussion and analysis (the “Revised MD&A”) for the three-month period ended March 31, 2018. The refiling was made in connection with a continuous disclosure review by the Ontario Securities Commission (the “OSC”) to conform to the guidance provided in Staff Notice 51-352 (Revised) Issuers with U.S. Marijuana-Related Activities published by the Canadian Securities Administrators on February 8, 2018. The Revised MD&A was refiled at the request of the OSC to, among other things, provide more prominent and comprehensive disclosure as to the Company’s involvement in any marijuana-related activities in the United States, and its relationship with investee entities from the cannabis sector in its portfolio investment, including the type of investment, the Company’s percentage ownership interest in the investee, the significance of each investee, the jurisdictions the investee operates in, and the nature of the Company and each investees’ involvement/operations in the marijuana industry in each jurisdiction in which it operates.