Canadian Securities Exchange Reports June 2023 Performance Figures

The Canadian Securities Exchange ("CSE" or "the Exchange") today announced market statistics for June 2023.

June 2023 Operating Statistics

Trading volume of CSE-listed securities totaled 1.28 billion shares;
Trading value of CSE-listed securities was $394 million;
CSE issuers completed 87 financings that raised an aggregate $176 million; and
The CSE welcomed listings from eight new companies, including one fundamental change of an existing issuer, bringing total listed securities to 835 as at June 30, 2023.

"The first half of 2023 was another highly successful period for the Canadian Securities Exchange," said Richard Carleton, CEO of the CSE. "We welcomed 51 new corporate listings to the Exchange, and our issuers completed 470 financings. We were also delighted to announce that the Canadian Investment Regulatory Organization announced margin eligibility for all CSE listed securities, and that the Exchange received regulatory approval for the launch of a Senior Tier for larger and later-stage companies. We have further exciting initiatives in our pipeline that will bring value to the investment community, including the anticipated launch of our new website this summer."

Inaugural Senior Tier Listings

The CSE achieved a major milestone on July 11, as Urbana Corporation (URB, URB.A) became the first issuer to have its securities listed on the Exchange's new Senior Tier. As previously disclosed, Senior Tier securities may be accessible to a broader range of institutional investors that could not previously trade CSE "Venture Issuer" securities and may meet criteria to be included in certain stock indices from which "Venture Issuer" securities are currently excluded. The CSE looks forward to adding additional securities to the Senior Tier in the coming months.

Canadian Securities Exchange Magazine

The latest issue of Canadian Securities Exchange Magazine is now available online. This issue is entirely focused on the technology sector, where new investment opportunities are emerging at a remarkable pace. In particular, the rapid development of artificial intelligence has massive implications for our stock portfolios. The magazine provides thoughtful perspectives on AI and profiles six innovative CSE-listed technology companies that are working to solve tomorrow's problems today: Railtown AI Technologies Inc. (RAIL), BioHarvest Sciences Inc. (BHSC), BIGG Digital Assets Inc. (BIGG), Critical Infrastructure Technologies Ltd. (CTTT), Nextech3D.ai (NTAR), and Hillcrest Energy Technologies Ltd. (HEAT).

New Listings in June 2023

Tisdale Clean Energy Corp. (TCEC)
Free Battery Metal Limited (FREE)
Toggle3D.ai Inc. (TGGL)
Lancaster Resources Inc. (LCR) - Fundamental Change
EV Minerals Corporation (EVM)
Regenx Tech Corp. (RGX)
Forza Lithium Corp. (FZ)
Ciscom Corp. (CISC)

About the Canadian Securities Exchange:

The Canadian Securities Exchange is a rapidly growing exchange invested in working with entrepreneurs, innovators and disruptors to access public capital markets in Canada. The Exchange's efficient operating model, advanced technology and competitive fee structure help its listed issuers of all sectors and sizes minimize their cost of capital and enhance global liquidity.

Our client-centric approach and corresponding products and services ensure businesses have the support they need to confidently realize their vision.

The CSE offers global investors access to an innovative collection of growing and mature companies.

STAY CONNECTED WITH THE CSE
=============================
Website: https://thecse.com/
Blog: https://blog.thecse.com/
CSE TV on YouTube: https://www.youtube.com/csetv
CSE's "The Exchange for Entrepreneurs™" Podcast: https://blog.thecse.com/category/cse-podcast/
Linkedin: https://ca.linkedin.com/company/canadian-securities-exchange
Twitter: https://twitter.com/CSE_News
Instagram: https://www.instagram.com/canadianexchange/
Facebook: https://www.facebook.com/CanadianSecuritiesExchange/

Contact:
Richard Carleton, CEO
416-367-7360
richard.carleton@thecse.com

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/174294

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	31-Dec-23			31-Dec-22
ASSETS
Current
Cash & cash equivalents		907,847			3,777,117
Receivables		357,398			744,331
Contract asset		51,320			589,015
Finance lease receivable on sublease CP		199,933			-
Prepaid expenses		294,471			310,906
Inventory		-			45,289
Non current assets held for sale		-			501,188
Total current assets		1,810,969			5,967,846

Equipment		325,633			278,463
Deferred consideration		206,850			-
Right of use asset		-			829,278
Finance lease receivable on sublease		642,983			-
Intangible assets		-			3,313,741
Goodwill		-			6,746,378
Total assets		2,986,435			17,135,706

LIABILITIES
Current
Accounts payable and accrued liabilities		3,531,460			2,641,918
Deferred revenue		342,192			437,746
Lease liability		143,722			222,250
Liabilities associated with assets held for sale		-			92,532
Total current liabilities		4,017,374			3,394,446

Lease liability - non current		469,624			582,586
Deferred tax liabilities		-			29,974
Total liabilities		4,486,998			4,007,006

Shareholders' Equity
Share capital		91,909,495			83,271,707
Reserves		14,166,972			12,754,706
Accumulated Other Comprehensive Income		678,143			827,101
Shareholder's equity attributable to Nextech shareholders		(112,211,223	)		(85,898,862	)
Total common shareholders' equity		(5,456,613	)		10,954,652
Non controlling interest		3,956,050			2,174,048
Total equity		(1,500,563	)		13,128,700
Total liabilities and shareholders' equity		2,986,435			17,135,706

	YTD
	31-Dec-23			31-Dec-22
		$			$
Revenue		5,033,202			3,224,791
Cost of sales		(3,586,162	)		(1,593,076	)
Gross profit		1,447,040			1,631,715

Operating expenses:
Sales and marketing		4,546,502			5,013,367
General and administrative		9,362,610			13,377,575
Research and development		3,249,799			3,892,208
Stock based compensation		1,775,695			1,715,690
Amortization		2,105,689			2,655,652
Right of use amortization		55,728			76,905
Depreciation		87,824			122,930
Operating profit (loss)		(19,736,807	)		(25,222,612	)

Other income (expense):
Gain on sublease recognition		120,626			-
Loss on asset disposal		(85,679	)		-
Gain on liability		-			381,019
Impairment of intangible assets and goodwill		(7,575,263	)		(476,113	)
Foreign exchange gain (loss)		(14,393	)		1,345,593
Profit (Loss) before income taxes		(27,291,516	)		(23,972,113	)

Current income tax expense		-			(34,937	)
Deferred income tax recovery		29,974			672,148
Net income (loss) from continuing operations		(27,261,542	)		(23,334,902	)

Income (loss) from discontinued operations		(452,814	)		(4,043,424	)
Net loss		(27,714,356	)		(27,378,326	)

Other comprehensive income (loss)
Exchange differences on translating foreign operations, continuing operations		(148,958	)		(432,845	)
Comprehensive income (loss)		(27,863,314	)		(27,811,171	)

Net loss from C/O attributed to:
Parent		(25,109,547	)		(22,896,701	)
Non controlling interest - PL		(2,151,995	)		(438,201	)

Net loss from D/O attributed to:
Parent		(452,814	)		(4,043,424	)
Non controlling interest - PL		-			-

Comprehensive loss attributed to:
Parent		(25,711,319	)		(27,372,970	)
Non controlling interest		(2,151,995	)		(438,201	)


Loss per share from C/O - basic and diluted		(0.22	)		(0.24	)


Loss per share from D/O - basic and diluted		(0.00	)		(0.04	)

Weighted average number of common shares outstanding
Basic and diluted		114,085,494			100,201,691

	YTD
	31-Dec-23			31-Dec-22
Operating activities:
Net loss		(27,714,356	)		(27,378,326	)
Adjustment for:
Interest income from sublease		(39,903	)		-
Interest expense from lease		30,217			28,668
Stock based compensation		1,775,695			1,715,690
Amortization of intangible assets		2,105,689			2,655,652
Amortization of ROU		55,728			261,101
Depreciation of property and equipment		87,824			143,567
Gain on sublease recognition		(120,626	)		-
Loss on asset disposal		85,679			-
Gain on short-term investment		-			(381,019	)
Impairment of intangible assets & goodwill		7,759,360			3,178,426
Expenses paid by shares		648,891			1,917,837
Loss on PET disposal		173,534			-
Income tax expense (recovery)		-			-
Changes in non-cash working capital balances
Receivables		386,933			269,873
Contract asset		537,695			(202,813	)
Prepaid expenses		16,435			408,743
Inventory		45,289			2,954,342
Accounts payable and accrued liabilities		917,814			(24,574	)
Deferred revenue		(95,554	)		(171,255	)
Deferred tax liability		-			(673,290	)
Total operating cash flow		(13,343,656	)		(15,297,378	)

Cashflows from investing activities
Purchase of equipment		(227,250	)		(101,784	)
Payments received from sublease		66,554			-
Net cash provided by (used in) investing activities, continuing operations		(160,696	)		(101,784	)

Cashflows from financing activities
NTAR - Net proceeds from private placements		5,726,654			8,890,349
NTAR - Proceeds from Employee Pay Program		2,269,704			2,496,628
Proceeds from securities issuances to NCI		2,813,107			1,657,354
Repayment of loan		-			(90,896	)
Payments of lease liability		(203,762	)		(388,804	)
Net cash provided by (used in) financing activities, continuing operations		10,605,703			12,564,631

Effects of foreign exchange on cash		29,379			(616,272	)
Change in cash during the period		(2,898,649	)		(2,834,531	)
Cash, beginning of period		3,777,117			7,237,296
Cash, end of period, continuing operations		907,847			3,786,493

Cash, end of period, continuing operations		907,847			3,777,117
Cash, end of period, discontinuing operations		-			9,376

Taxes paid		-			27,005
Interest paid		30,217			30,910
Cash interest received		121,122			108,390

Canadian Securities Exchange Reports June 2023 Performance Figures

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