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Results 🎉 CEM AlphaNorth 2025

Meet the Top Picks and Outstanding Performers from the Investor Breakout Exchange at the 2025 AlphaNorth Capital Event in The Bahamas

Pathways to Profitability Pumps the
Bahamas Investor Breakout Exchange

Companies that have streamlined their operations to generate revenue, and those on the verge of profitability took centre stage at the 2025 AlphaNorth Capital Event in The Bahamas last weekend.

The exclusive gathering of leading capital market players highlighted an array of promising ventures spanning diverse industries, from early-stage startups to more established businesses. A strong emphasis was placed on operational efficiency and measurable returns.

"While speculative early-stage opportunities were showcased, investors were particularly impressed by the quality of companies generating solid revenues and presenting clear, achievable pathways to profitability," said Ryan Iverson, host of the Investor Breakout Exchange, the flagship event concluding CEM gatherings.

Reflecting this sentiment, issuers and private comp anies demonstrating operational efficiency, innovative partnerships, and disciplined financial strategies stood out as the Top Picks at the Investor Breakout Exchange (IBE).

The strength of these selections at the IBE is evident, with the Top 5 Picks from last year's edition of the AlphaNorth Capital Event — three public companies, one private firm, and one acquisition — delivering combined gains of +170%, over the past 12 months. Moreover, investors who adopted IBE’s Top Picks from all 2024 CEM conferences saw their portfolios grow by an average of +40%.

Here are your exclusive, early insights into the Top Picks and Standout Performers from the 2025 AlphaNorth Capital Event.

Top Picks:

All prices as of market close January 17, 2025

TSXV: SBBC | OTCQB: SBBCF

Simply Better Brands Corp.

PRICE: $1.07

 Simply Better Brands is a dynamic omni-channel platform with a portfolio of diversified assets in the rapidly growing plant-based, natural, and clean ingredient space. The company targets informed, health-conscious Millennial and Generation Z consumers with a focus on opportunities for expansion into high-growth consumer product categories.

Why it was picked:

  • The company reported revenues of US$12.1 million for the three months ending September 30, 2024, marking a 124% increase compared to the previous year. This growth was primarily fuelled by a 156% surge in revenue from its TRUBAR™ brand. Additionally, the company achieved an Adjusted EBITDA of US$1.0 million from its continuing operations during the same period.
  • Simply Better Brands has secured major retail partnerships, significantly expanding its distribution network. TRUBAR™ is now available in over 700 Walmart stores nationwide, alongside rollouts at CVS, Sam's Club, Whole Foods Market, GNC, and Costco, making its plant-based, clean-ingredient products more accessible to health-conscious consumers across the U.S.
  • Also secured multiple credit facilities to support its growth initiatives. In December 2024, the company closed a US$10 million secured credit facility with BMO Corporate Finance Division, backed by Export Development Canada (EDC). This facility allows the company to leverage both accounts receivable and inventory for borrowing, facilitating expansion in the U.S., Canada, and other international markets.

TSXV: ZOMD | OTC: ZMDTF

Zoomd Technologies Ltd.

PRICE: $0.84

Zoomd provides a mobile app user-acquisition platform integrated with over 600 global digital media outlets. Its unified dashboard serves as a control centre for advertisers, streamlining customer acquisition campaigns and reducing the need for data consolidation. By maximizing data insights and minimizing resource costs, Zoomd enables advertisers to target relevant audiences using a performance-based algorithm designed to meet their specific goals.

Why it was picked: 

  • Demonstrated strong financial performance and consistent profitability. The company reported a 135% year-over-year increase in quarterly revenue to $16.7 million in Q3 2024, with a 20% growth from Q2. This significant revenue growth is coupled with six consecutive quarters of net income growth, with Q3 2024 net income reaching US$3.2 million.
  • The company has shown improved operational efficiency, with operating expenses as a percentage of revenues decreasing consistently over the past seven quarters. This focus on cost management and efficiency has contributed to increased profitability and improved financial metrics.
  • Zoomd Technologies’ successful execution of its strategic plan, indicates significant potential for future growth. The company recently expanded its client portfolio by onboarding six prominent companies across diverse industries, including financial technology, retail, and sports entertainment, showcasing the versatility of its platform.

CBOE: VERS | OTCQB: VRSSF

Verses AI Inc.

PRICE: $2.17

Verses AI is a pioneering cognitive computing company developing advanced intelligent software systems that mimic how nature works. Their flagship product, Genius™, is a developer toolkit designed to build intelligent software capable of reasoning, planning, and learning — just like the human brain. Genius™ aims to make software smarter, more adaptive, and continuously evolving, empowering developers to create a more intelligent world by enhancing human capabilities through nature-inspired technology.

  • Verses returns to the IBE Top Picks List after a standout performance at CEM's Muskoka event last September. Since then, the company has witnessed a surge in its share price. This month, the company successfully closed a C$20 million prospectus offering, led by institutional investors at C$1.57 per unit. The net proceeds will strengthen Verses' financial position and support ongoing research and development, alongside other operational priorities.
  • The company’s Genius™ product has evolved rapidly over the past year as Verses moves to transition from beta to its commercial phase in 2025. Its Genius™ platform has also successfully outperformed an OpenAI model in a code-breaking challenge — a major milestone in the world of artificial intelligence.
  • Verses has begun to secure commercial projects, such as a joint smart cities initiative with Analog for taxi fleet management in Abu Dhabi. This project aims to optimize fleet operations while reducing congestion and emissions, demonstrating practical applications of Verses Genius technology in real-world scenarios.

Further reading:
Verses AI: From Top Pick to Top Performer in the AI Investment Wave

NASDAQ: AIFF

Firefly Neuroscience, Inc.

PRICE: $3.85

Firefly is an AI-driven company transforming brain health with its FDA-cleared Brain Network Analytics (BNA™) technology.  BNA™ enhances the diagnosis and monitoring of conditions like depression, ADHD, and dementia by providing clinicians with comprehensive insights into brain function. These insights enable accurate diagnoses and help determine the most effective therapies or drugs for optimal outcomes. Now commercially launched, Firefly targets pharmaceutical companies for drug research and medical practitioners for clinical use. 

Why it was picked:

  • Firefly Neuroscience recently secured a financing deal of up to US$12.4 million, including a $10 million equity line of credit. This funding will accelerate the commercialization of its BNA technology along two key pathways, enhance the company’s balance sheet, and provide the financial flexibility needed to execute its growth strategy effectively.
  • In mid-January, Firefly's stock saw a significant surge, more than doubling in value, following advancements in its BNA™ platform, particularly in its capability to assess cognitive brain age. This surge highlighted growing investor confidence in the company's innovative technology and strong market potential.
  • Leveraging its proprietary database of over 77,000 EEG scans spanning twelve disorders, Firefly's BNA™ technology is poised for significant growth in the neurological and mental health sectors, which are projected to reach a market value of approximately US$573.75 billion by 2033, according to IMARC Group.

TSXV: BEW | OTCQB: BEWFF

BeWhere Holdings Inc.

PRICE: $0.79

BeWhere is a cutting-edge Mobile Internet of Things (M-IoT) technology company specializing in advanced asset tracking and monitoring solutions. The company designs sophisticated hardware, intelligent sensors, and integrated software platforms that enable real-time tracking and data collection for businesses across multiple industries. BeWhere collaborates with Fortune 500 companies and deploys hundreds of thousands of trackers globally, generating data that powers advanced AI management platforms. 

Why it was picked:

  • The company achieved its highest-ever quarterly revenue, marking a 64% year-over-year growth, according to its Third Quarter 2024 report released last November. Recurring Revenue for the same period rose by 33% year-over-year, while Operating Income saw a 57% increase. Specifically, Recurring Revenue for the three months ending September 30, 2024, reached US$1,717,274, compared to US$1,286,885 in the same period of 2023.
  • Maintained a consistent track record of profitability across multiple consecutive quarters reflecting the company's ability to effectively manage costs, optimize revenue streams, and adapt to market dynamics, even amid challenging economic conditions.
  • BeWhere is well-positioned in the rapidly growing IoT industry, catering to sectors like transportation, construction, and utilities. With the global IoT market projected to grow from US$714.48 billion in 2024 to US$4,062.34 billion by 2032 (CAGR of 24.3%), the company is poised to capitalize on rising demand and expand its market presence. 

Top Private Company:

Beyond the Top 5 Picks, this privately held company stood out at the Investor Breakout Exchange.

Pelican AI 

Pelican specializes in AI-powered solutions for payment processing and curbing financial crimes. With over 25 years of expertise, the company utilizes artificial intelligence, machine learning, and natural language processing to help banks, fintechs, and corporations streamline payments and maintain regulatory compliance. Operating across 55+ countries, Pelican has processed over one billion transactions, supporting various payment methods and global banking standards. 

Why it stood out:

  • With the global real-time payments market expected to grow at a compound annual growth rate (CAGR) of 35.5% from 2023 to 2030, Pelican's proven AI technology is well-positioned to meet the rising demand for robust anti-money laundering (AML) and fraud detection solutions.
  • The company’s recent acquisition by KOAT Capital is set to drive Pelican's next growth phase, focusing on market expansion and the integration of generative AI technologies. This strategic partnership aims to enhance Pelican's market share globally, leveraging KOAT Capital's resources and network.
  • Earlier this month, Pelican launched a brokered private placement to raise up to C$5 million. Canaccord Genuity Corp. is leading the offering, alongside Research Capital Corporation. The funds will support a reverse takeover of Christie Capital Corp., forming a new entity, "PelicanAI Corp.," following a three-cornered amalgamation.

Honourable Mentions:

Below is a list of companies that also garnered the attention of the Investor Breakout Exchange at last weekend’s 2025 AlphaNorth Capital Event in The Bahamas.
AISIX Solutions Matador Technologies
American Pacific Mining Neptune Digital Assets
Amex Exploration NervGen Pharma
Baylin Technologies NeuPath Health
Boardwalktech Software Nevada Lithium Resources
BriaCell Therapeutics Northstar Clean Technologies
CHAR Technologies NowVertical Group
Conavi Medical NTG Clarity Networks
Credissential Ostrom Climate Solutions
CVW CleanTech Outcrop Silver & Gold
Cytophage Technologies Patriot Gold Vault
Delota Piped Vault
Drying Equipment Premier American Uranium
E3 Lithium Quantum eMotion
EMERGE Commerce Rakovina Therapeutics
Emerita Resources ReGen III
Enterprise Group Rektron Group
EnWave Revolve Renewable Power
Falcon Energy Materials Sabio Holdings
Fiddlehead Resources Skeena Gold + Silver
FuelPositive Skye Bioscience
Full Circle Lithium Stardust Solar Energy
Greenridge Exploration Syntheia
Hayasa Metals Tribe Property Technologies
Healwell AI Volt Lithium
HydroGraph Clean Power WISR AI Solutions
IC Group Holdings WonderFi Technologies
Kane Biotech ZenaTech
Light AI
AlphaNorth 2025 Breakout
Investors gathered in a room to select their Top Picks at the Investor Breakout Exchange in Nassau, Bahamas on January 18th, 2025.

Stay tuned for an in-depth exploration of what set these companies apart at the Investor Breakout Exchange in The Bahamas. Over the coming weeks, we’ll bring you a series of exclusive Spotlight Features and Performance Alerts to highlight their achievements.

You don’t want to miss out because:

  • A remarkable set of Top 5 Picks at the 2024 edition of the AlphaNorth Capital Event — three public companies, one private firm, and one acquisition — delivered combined gains of +170% since last year's event.
  • For investors who incorporated IBE’s Top Picks from all CEM conferences held in 2024, their portfolios would have seen an average boost of approximately +40%

Next Stop: Whistler

Whistler Capital Event
February 21 – February 23, 2025

Join us at the stunning Fairmont Chateau Whistler, BC, for an exclusive opportunity to connect with the future of growth-stage industries. This premier event brings together top-level capital finance professionals and innovative companies in Resource, Technology, Biotech, and Special Situations. Enjoy a full day of 1:1 meetings, invaluable networking, and breathtaking Whistler views.

View Event

Warm Regards and Happy Investing,
Fabian Dawson

Fabian Dawson signature
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