Year End 2023 Shareholder Letter
April 19, 2024
Overview
We identify opportunities that align with our goal of consciously investing for the future while delivering strong returns.
Our History
Torrent Capital took its current form as an investment issuer in early 2017. At that time, Wade Dawe was appointed CEO and the management and investment teams were established shortly thereafter.
A Promising Start
Starting with less than $6M in Net Assets, Torrent invested in a diversified portfolio of small and micro cap companies. Without raising additional capital, Torrent’s Net Asset Value (NAV) grew from under $6M on June 30, 2017 to approximately $25M as of March 31, 2022, representing a cumulative return of 302%.
Our Focus
Applying a flexible investment strategy, we target companies with the potential for 5-10X returns, but we may also capitalize on short term price movements.
Primary areas of investment
01
Clean Technology
We look for companies with the potential to have a positive impact and be part of the solution to the climate crisis.
02
Digital Technology
and Media
We interested in companies with a software-as-a-service (SaaS) business model and re-occurring revenue or other scalable technologies.
03
Life Sciences
Canada is a leader in life sciences and healthcare innovation with a robust network of academic and research facilities. We look for life sciences companies with proprietary technologies that are solving unique problems.
How we invest
- We search for companies that are due to be re-rated by the market—whether they have shown consistent growth and are undervalued, or because they will soon reach a catalyst that may propel them forward.
- After making an investment, we closely monitor their operations and growth trajectory. We stay in contact with management and value a regular flow of communication.
- We take a disciplined approach and actively manage risk.
- We have a strong and well-connected management team with exposure to new deal flow opportunities.
- We are highly flexible, allowing for investments across various industries. We actively re-position our portfolio and sometimes trade to navigate the changing market.
CANADIAN & POTENTIAL
We invest on Canadian small cap equities that are due to experience
accelerated growth or are trading at a discount to
their intrinsic value.
ESG & CLEANTECH
Torrent Capital created a portfolio of Canadian equities in the clean technology sector that is actively managed. Torrent selects early stage companies that will lead the macro shift to sustainable practices and are supported by sound business plans and economic assumptions.
