The Globe and Mail reports in its Wednesday, July 31, edition that Eight Capital's Adhir Kadve rates Xtract One Technologies "buy" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kadve targets the shares at $1.30, a dime under the consensus. Mr. Kadve says in a note: "Xtract One is a developer of a next-gen patron-screening solution called 'SmartGateway.' With this product, the company is looking to disrupt an age-old market fraught with legacy, outdated solutions. SmartGateway aims to detect and identify patrons who are attempting to enter a public facility with any sort of weapon. Given validation from key industry players who are both customers and investors, like Madison Square Garden, the Oak View Group and multiple third-party verifications combined with a massive pipeline of business, we see compelling evidence of product market fit for SmartGateway and a strong growth trajectory ahead for the company."