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ElectraMeccanica Vehicles Corp ends 2Q on high gear with over $250M on its balance sheet as it builds out car plant in Mesa
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NA Proactive news snapshot: PharmaDrug, Kintara Therapeutics, QC Copper and Gold, New Pacific Metals UPDATE …
A glance at some of the day s highlights from the Proactive Investors US and Canada newswires Your daily round-up from the world of Proactive
PharmaDrug Inc (CSE:BUZZ) (OTCPINK:LMLLF) said it has entered into a supply agreement with a Eurozone cannabis extractor to produce medical-grade THC oil for sale under PharmaDrug s own brand. The company said it expects to receive the THC product and begin selling it in Germany by September. “We are extremely excited to sign this agreement to finally launch medical cannabis in Germany under our own brand. The company is making several movers to significantly increase its presence and volumes in the German medical cannabis market,” PharmaDrug CEO Daniel Cohen said in a statement.
The combined cash on hand figure roughly doubled from $129.5 million as of December 31 The SOLO is a three-wheeled EV engineered for a single occupant
ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) revealed in its first-quarter financial results that it had cash and its equivalents and short terms deposits of $260.4 million as of March 31, which its CFO says has been “preparing ElectraMeccanica for what’s coming next.”
The combined cash on hand figure roughly doubled from $129.5 million as of December 31. Net cash increased by $130.9 million, thanks to financing activities of $147.6 million, offset by cash used in operating activities of $14.9 million and net cash used in investing activities of $1.7 million.