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OTCMarkets UPDATE: General Cannabis, PyroGenesis Canada and more

The OTCmarkets were mixed in afternoon trading on Friday

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Shares of General Cannabis fell sharply

OTCMarkets were mixed this afternoon, with the OTXQX and the OTCQB Venture exchanges rising slightly. Several companies announced private financings today.

General Cannabis Corp (OTCMKTS:CANN) had a not-so-happy 4/20 after its shares fell 8% in early trading and nearly 9% by the afternoon. The Denver-based cannabis company issued $5.5 million in senior secured promissory notes.

PyroGenesis Canada Inc (OTMKTS:PYRNF) , a Montreal-based company specializing in plasma waste-to-energy systems, secured a private placement of $1.8 billion. The company developed a system capable of recovering valuable metals from the waste streams. Shares of the company fell almost 6% in afternoon trading.

IsoEnergy Ltd (OTCMKTS:ISENF), a Canadian uranium company, secured a private placement as well, totaling to $2.1 million. The proceeds will be used to continue uranium exploration in Saskatchewan. Shares were down slightly in morning and afternoon trading.

Cypress Development Corp (OTCMKTS:CYDVF) was welcomed to the OTC today. The company’s shares jumped 9.5% percent on its first day of trading. The exploration company owns a lithium project in Nevada’s Clayton Valley. It is the only lithium brine operation in North America.

Quick facts: PyroGenesis Canada Inc.

Price: 5.78 CAD

TSX-V:PYR
Market: TSX-V
Market Cap: $862.06 m
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PyroGenesis Canada CEO says 'amazing' 2Q reveals doubled year-on-year revenue

PyroGenesis Canada Inc (CVE:PYR (OTCQB:PYRNF) CEO Peter Pascali tells Proactive reported second-quarter results revealing revenue that doubled year-over-year thanks in part to its contract with waste management company Drosrite International LLC. Pascali says the company posted revenue of...

5 days, 1 hour ago

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