Cielo Waste Solutions
Ticker: CMC.CN / CWSFF
Listings: Canadian Securitites Exchange / US OTC
Market Cap: 349 MCAD at time of publication
Share price: 0.99 CAD at time of publication
Industry: Converting waste to renewable fuel
Cielo Waste Solutions today (29/3 2021) announced that it has engaged Investor Cubed Inc to provide investor relations and shareholder communications services in Canada. The terms of the consulting agreement provide for compensation of $7,000 per month. In addition, Investor Cubed has been granted options to purchase 500,000 shares at a price of $1.25 per share. The options will vest quarterly beginning on the date of grant and will be governed by the provisions of the Company’s stock option plan.
Neil Simon, Chairman and CEO of Investor Cubed, stated “Investor Cubed works with very select clients and takes pride in working with companies who are the best of breed in their sectors. Investor Cubed has been following the Cielo story for some time now and are thrilled to be representing Cielo in Canada. We look forward to working with Cielo and seeing them continue on their growth path. Our aligned motivations and interest to see the world using green, renewable energy and ridding the world of unwanted and problematic garbage creates an ideal partnership.”
Raphael Bohlmann, Vice President of Marketing for Cielo, stated “We have been searching for and have been courted by many qualified firms and are happy to have signed with Investor Cubed. Neil and his team are very experienced and have a strong background in the financial service sector. We are looking forward to working with them!”
ESG comment: This is another great step for Cielo Waste Solutions and a good addition to the management team. Hiring a full time canadian IR firm will help Cielo meet the ever increasing demand of investors in Canada and abroad. This could also be a sign that Cielo is moving towards acquiring institutional ownership ahead of its possible up listing to the TSX venture exchange which the company announced that it had applied for on the 15th of march 2021.
I own shares in this company personally and this is not to be considered financial advice, always do your own research!
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