The Canadian Blockchain stocks on our list have experienced significant downturns despite not being directly connected to the cryptocurrency Bitcoin
SmallCapPower | March 1, 2018: Bitcoin is down 23% YTD, and many other cryptocurrencies have experienced similar downturns. The Canadian Blockchain stocks on our list today have declined an average of 42% over the same period, despite not having plans to use pre-existing cryptocurrencies. Upon further development of their Blockchain technologies, these companies could have much improved stock-price performances.
VitalHub Corp. (TSXV:VHI) – $0.13
VitalHub is a Canada-based technology company. The Company offers a suite of mobile healthcare applications to doctors, hospitals, and long-term care facilities. On January 11, VitalHub announced its plans to enter the Blockchain market for healthcare.
Carl Data Solutions Inc. (CSE:CRL) – $0.21
Carl Data develops cloud-based software analytics and dashboard solutions for IIoT (Industrial Internet of Things) devices. The Company’s applications can collect any type of data from any sensor or source to produce detailed reports, predictive analytics, and real-time insights into infrastructure status. Carl Data’s current industry focus is water and wastewater infrastructure, and is expanding into power, mining, and the Oil & Gas industry. On December 7, the Company announced a LOI to acquire cryptocurrency mining hardware from Connected Fintech Inc., as well as plans to develop new Blockchain technologies.
HealthSpace Data Systems Ltd. (CSE:HS) – $0.10
HealthSpace Data Systems is a Canada-based software company. The Company’s primary offering is its HealthSpace CS Pro suite, which provides a cloud-based app suite for inspections. The program offers data analytics, organizational activity monitoring, and customizable applications. On December 6, the Company announced it had signed an LOI with SIMBA Chain Inc. to integrate Blockchain technology into its app suite.
Cuba Ventures Corp. (TSXV:CUV) – $0.17
Leisure & Recreation
Cuba Ventures is a Canada-based travel and financial technology company operating in Cuba. The Company’s travel division operates 432 Cuba-related websites, providing travel bookings through its partners in the region. The Company’s Cuba Fintech division aims to use Blockchain technology in its Revolupay app, allowing for instant remittances.
Ubika Research/SmallCapPower has received compensation from VitalHub and Carl Data Solutions to provide analyst research coverage. For full disclosure please visit here >>.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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