TSX Venture Exchange Announces the 2021 Venture 50

February 24, 2021

TSXV's top performing companies to celebrate with virtual market open today

February 24, 2021 (TORONTO) – TSX Venture Exchange (TSXV) today announced the 2021 Venture 50, the Exchange's annual program showcasing the top performing listed companies from five industry sectors: Clean Technology and Life Sciences, Diversified Industries, Energy, Mining, and Technology.

Representatives of the 2021 Venture 50 companies will join TMX executives this morning for a virtual market open at 9:30 a.m. ET to celebrate the achievement. The 2021 Venture 50 winners were selected based on year-over-year performance across three equally-weighted criteria: market capitalization growth, share price appreciation and trading volume for the year ended December 31, 2020.

"Today we are very proud to recognize the remarkable success of our 2021 Venture 50 winners, and to honour the exemplary efforts of our early-stage growth companies to advance on their business initiatives and make a positive impact on the communities in which they operate, despite the challenging conditions of the past year," said Loui Anastasopoulos, President, Capital Formation and Enterprise Marketing Officer, TMX Group. "The Venture 50 celebrates important success stories from across our diversified issuer base, and serves to highlight the strength of our world-leading two-tiered capital formation ecosystem."

2021 Venture 50 Rankings

This year's overall #1 ranked Venture 50 company is Loop Insights Inc. (MTRX), a Vancouver-based Internet of Things technology (IoT) company that delivers artificial intelligence automated marketing, contact tracing, and contactless solutions to the brick and mortar space.

The top performing 2021 Venture 50 companies from each industry sector are:

Clean Technology & Life Sciences Greenlane Renewables Inc. (GRN)
Diversified Industries Grande West Transportation Group Inc. (BUS)
Energy Reconnaissance Energy Africa Inc. (RECO)
Mining American Lithium Corp. (LI)
Technology Loop Insights Inc. (MTRX)

Overall, this year's companies had the highest share price increase (406%), as well as the highest market capitalization increase (709%) since 2011. Clean technology was the best performing sector overall with an average 682% share price increase. Mining saw the largest market capitalization increase of all the sectors with 1092%.

New to the Venture 50 program is a virtual stock portfolio contest featuring the winning companies and a chance to win the grand prize of $5,000. For the full 2021 Venture 50 ranking, methodology, contest details and profile videos of companies included in the ranking, visit: www.tsx.com/venture50.

For Market Opens: Media may pick up a feed from the TOC (television operations centre) for all market open ceremonies. The feed is named TSX Transmit 1 (HD-SDI) and is produced at the TMX Market Centre and sent live to the TOC. To pick up the feed via the Dejero network, please contact avservices@tmx.com. The client feature video will begin playing on the TMX media wall at approximately 9:29 a.m. ET and the markets will open with the sound of a siren at 9:30 a.m. ET.

This news release is not, and should not be construed as an invitation to purchase securities listed on Toronto Stock Exchange or TSX Venture Exchange. TMX Group and its affiliates do not endorse or recommend any of the referenced securities nor should any statement in this news release be construed as advice regarding a broad investment strategy. Please seek professional advice to evaluate specific securities. Listing on TSX Venture Exchange does not guarantee the future performance of a security or an issuer. The Future is Yours to See., TMX, the TMX Design, TMX Group, Toronto Stock Exchange, TSX, TSX Venture Exchange, TSX Venture 50, Venture 50, the Venture 50 Design, TSXV, and Voir le futur. Realiser l'avenir. are the trademarks of TSX Inc. All other trademarks used are the property of their respective owners.


About TMX Group (TSX:X)

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, and Trayport which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London and Singapore. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter: @TMXGroup


For more information, please contact:

Catherine Kee
Senior Manager, Corporate Communications & Media Relations
TMX Group