Will Empower Clinics (CBDT.CN) Recover Next Week After The Recent Slump?

One of the stocks to have had a remarkably up and downtime over the course of the past weeks is that of Empower Clinics Inc (CBDT.CN).

Back in February, the Empower Clinics stock had soared to C$2.50 a share from C$0.33 a share. However, the stock corrected sharply since then and eventually dropped down to C$0.74 a share. While there has been no recent news with regards to the company, it might be a good move to take a look at development from earlier on this month.

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At the time, the company reported that it managed to raise a substantial amount of new capital by way of the exercise of warrants. Empower revealed that since December 14, 2020, it received fresh capital to the tune of $5 million due to the exercise of warrants. That brought the total figure to as much as $10.5 million. It was a significant announcement from the company and one that could provide the stock with a long-term boost.

Uson Abdilazhanov

Editor and Computer Expert A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.