The Canadian stocks we’ve dug up are all involved in helping fight the spread of COVID-19
SmallCapPower | September 22, 2020: Many businesses have been impacted negatively as the world deals with the spread of COVID-19. Some companies, such as the Canadian stocks on our list, are performing well, though, by providing goods and services to help contain this contagious disease.
*Returns are based on closing stock prices as of September 21, 2020
Mission Ready Solutions Inc. (TSXV:MRS) – $0.22
Mission Ready Solutions specializes in providing comprehensive government contracting solutions through its access to a host of government contracting vehicles, including its Special Operational Equipment (SOE) Tailored Logistics Support (TLS) contract administered by the United States Defense Logistics Agency (DLA), and Multiple Award Schedule contracts administered by the United States General Services Administration (GSA). Mission Ready’s wholly-owned subsidiary, Unifire, Inc., is one of six companies, globally, authorized to provide equipment and designated services under DLA’s SOE TLS program. Unifire is a designated Small Business and a manufacturer and distributor of more than 1.5 million fire, military, emergency, and law enforcement products. On September 18, 2020, Mission Ready announced that its Unifire subsidiary had been awarded a total of seven government contracts – for personal protective equipment (PPE) consisting of disposable level 2 and level 3 isolation gowns. The estimated value of the award is $127,878,307.
- Year-to-Date Return: 175%
Softlab9 Technologies Inc. (CSE:SOFT) – $0.91
Softlab9 Technologies specializes in the development of early-staged companies, providing access to capital, executive management, and industry experience to grow its portfolio of companies. Softlab9 is set to acquire CleanGo GreenGo Inc., a privately-held company that has developed an eco-friendly and biodegradable disinfectant technology. SOFT said recently that CleanGo continues to increase sales and market penetration of its cleaning and sanitation solutions. On August 26, 2020, Softlab9 Technologies also announced that it had signed a distribution agreement with Mexico’s HEG, S. de C.V. to distribute PPE, up to 300,000 isolation gowns on a weekly basis as well as one million surgical masks weekly, across the United States and Canada.
- Year-to-Date Return: 355%
TraceSafe Inc. (CSE:TSF) – $0.62
TraceSafe provides real-time location management services and contact tracing solutions enabled through low power bluetooth beacons and enterprise cloud management. The Company’s contact tracing bracelet has already been deployed in quarantine applications throughout the world in partnership with various governments. On September 10, 2020, TraceSafe announced a contract to supply 120,000 TraceSafe e-wristbands for use in Hong Kong’s Home Quarantine Support System.
- Year-to-Date Return: 210%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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