Investors with high risk tolerance sometimes turn to volatile equities, as these low priced companies provide the high reward opportunities for these gamblers. Some low priced companies are traded on the senior exchanges, yet the major stock exchanges have very specific listing requirements. Most low priced companies that trade for less than $1 per share are primarily traded on the over-the-counter (OTC).
Cell MedX Corp. (OTCQB: CMXC) is a development stage focused on the development and commercialization of therapeutic products for patients with various diseases, including diabetes, Parkinson's disease, high blood pressure, and other health conditions. The Company, through its subsidiary Avyonce Cosmedics Inc., is involved in carrying out observational studies using eBalance Technology. The eBalance Technology is used for the use of micro currents for the treatment of diabetes and related diseases. The Company is currently developing a family of devices based on the eBalance Technology.
Yesterday, Cell MedX Corp. announced that it has "received its first eBalance Pro wellness devices ready for commercial distribution. These wellness devices are designed to promote general wellness and alleviate pain caused by chronic conditions such as: sciatica, neuropathy and arthritic pain. The eBalance Pro wellness device is an all-in-one, portable and fully automated microcurrent delivery system. This cutting-edge device's software uses biofeedback algorithms to identify specific and personalized microcurrent frequencies to alleviate what are, in many cases, painful conditions. This device is based on the Company's original eBalance Pro which continues to receive positive feedback. These observations are currently being conducted in Asia, Europe and North America."
CEO of Cell MedX Corp. Frank McEnulty, said in a statement, "We are very excited to receive the new model eBalance Pro wellness devices. Our excitement is based on our belief that our eBalance technology has effected positive change in the overall wellbeing of those currently engaged in observations."
Clinical stage biotechnology company focused on developing targeted treatments for cancer and diabetes using its signature live-cell encapsulation technology, Pharmacyte Biotech Inc. (OTCQB: PMCB), cannabinoid therapy may offer potential for childhood brain cancers. The biotech's Chief Executive Officer, Kenneth L. Waggoner, commented, "It is clear that PharmaCyte is on the right track to developing targeted therapies for deadly cancers. The research reported in the journal Child's Nervous System, as well as other research, continues to demonstrate the anti-cancer properties of cannabinoids. We remain confident that Cell-in-a-Box® offers a safe and versatile platform for targeted chemotherapy delivery to cancerous tumors in the brain."
Elite Pharmaceuticals Inc. (OTCQB: ELTP) has met with the U.S. Food and Drug Administration for an end-of-review meeting to discuss steps that Elite can take to acquire approval of the company's abuse-deterrent opioid candidate for the management of moderate to severe acute pain drug, SequestOx™. "We are extremely pleased that there is a path forward to seek FDA approval of SequestOx™," said Nasrat Hakim, President and CEO of Elite. "Based on the guidance received from the agency, Elite will begin to execute the proposed plan immediately." Elite Pharmaceuticals is a specialty pharmaceutical company which is developing a pipeline of proprietary pharmacological abuse-deterrent opioid products as well as niche generic products.
Surna Inc. (OTCQB: SRNA) engineers and manufactures innovative technology and products that address the energy and resource intensive nature of indoor cultivation. Surna's current focus lies in supplying industrial solutions to commercial indoor cannabis cultivation facilities. The Company's products include Surna Chillers, Surna Reflectors, Hybrid Building and Air Sanitation. Its customers include state-regulated cannabis cultivation facilities, as well as traditional indoor agricultural facilities, including organic herb and vegetable producers.
Greengro Technologies Inc. (OTC: GRNH) provides green technologies focusing on indoor and outdoor agricultural science systems serving both the consumer and commercial farming markets. The company segments include GRNH, Vertical Hydrogarden Inc. and BP Gardens. GRNH provides design and consulting services to all agricultural divisions, including legalized Cannabis operations. It provides knowledge on designs and systems to maximize production for every crop cycle. VHI is a supplier of green agriculture products, including hydroponics, advanced nutrients, and vertical cultivation technology systems design and sales. BP Gardens uses methods to protect crops from detrimental environmental elements while generating market ready leafy green produce year-round in any climate.
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