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Stock impact report

CIBC Innovation Banking Provides $7.5M of Growth Capital to SmartSkin Technologies Inc.

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
Company Research Source: Business Wire
FREDERICTON, New Brunswick--(BUSINESS WIRE)--CIBC Innovation Banking announced today that it has provided a $7.5M facility in growth capital to SmartSkin Technologies, Inc. (SmartSkin), based in Atlantic Canada. The company will use the financing to expand its market reach.SmartSkin delivers manufacturing intelligence solutions that empower pharmaceutical and beverage producers to optimize efficiency, ensure quality, and eliminate costly production issues. Its technology uses pressure-sensitive sensors and AI-driven analytics to provide global manufacturers with actionable data on the forces their containers experience during the filling, packaging and transporting process.“This financing fuels our ambition to become the essential intelligence layer for pharmaceutical and beverage manufacturing,” said Evan Justason, CEO, SmartSkin. “We’re no longer just solving individual problems—we're building the digital foundation these industries will depend on to operate efficiently, safely, Show less Read more
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