The QualityStocks Daily Friday, March 22nd, 2024

Today's Top 3 Investment Newsletters

QualityStocks(BEGI) $0.0019 +68.89%

Schaeffer's(CGC) $7.6900 +68.64%

Jeff Bishop(OTRK) $0.3921 +50.81%

The QualityStocks Daily Stock List

BlackStar Enterprise Group, Inc. (BEGI)

QualityStocks, MarketClub Analysis, Small Cap Firm, HotOTC, OTCtipReporter, PoliticsAndMyPortfolio, Penny Pick Finders, PennyStockProphet, Buzz Stocks, PennyStockScholar, Profitable Trader Authority, StockHideout, StockOnion, Wall Street Mover, Wealth Insider Alert, StockStreetWire, StockWireNews, MicroCapDaily, TopPennyStockMovers, Leading Penny Stocks, Insider Financial, Fierce Analyst and Planet Penny Stocks reported earlier on BlackStar Enterprise Group, Inc. (BEGI), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

BlackStar Enterprise Group, Inc. is a specialized merchant banking firm listed on the OTC Markets Group’s OTCQB. The Company facilitates joint venture (JV) capital to early stage revenue companies. Its emphasis is on blockchain technology and it intends to gain exposure to the blockchain ecosystem via targeted JVs in the sector. The main concentration is on the distributed ledger security features and peer-to-peer (P2P) global equity trading arena.

Established in 2007, BlackStar Enterprise Group is headquartered in Boulder, Colorado. The Company previously went by the name BlackStar Energy Group, Inc. It changed its name to BlackStar Enterprise Group, Inc. in September of 2016.

The Company’s intention is to take advantage of its experience in the traditional world of public finance, including securities, options, registrations and SEC compliance, into working with select organizations supporting the development and implementation of new technologies in the crypto currency world. In addition, BlackStar is becoming an advocate and supporter of P2P equity trading on a distributed decentralized ledger that provides investment exposure to the fast growing blockchain ecosystems.

BlackStar Enterprise Group acts as a merchant bank providing access to capital for companies involved in crypto-equities with P2P trading. The Company will facilitate these companies, by way of majority controlled JVs with its subsidiary Crypto Equity Management Corp. This offers it shareholders entry into the ground-breaking crypto equity/cybersecurity space.

BlackStar Enterprise Group, Inc. (BEGI), closed Friday's trading session at $0.0019, up 68.8889%, on 118,926,467 volume. The average volume for the last 3 months is 2.02M and the stock's 52-week low/high is $0.0001/$0.012797.

Nova Lifestyle (NVFY)

TraderPower, StockMarketWatch, MarketClub Analysis, The Bowser Report, SmallCap Network, QualityStocks, Promotion Stock Secrets, TopPennyStockMovers, TradersPro, Wall Street Mover, PennyStockScholar, BUYINS.NET, Buzz Stocks, Fierce Analyst, FreeRealTime, HotOTC, INO Market Report, Investopedia, Jason Bond, MarketBeat, Marketbeat.com, Money Morning, Small Cap Firm, PennyStockProphet, StreetAuthority Daily, Profitable Trader Authority, Zacks, Stock Beast, Stock Market Watch, Top Pros' Top Picks, StockOnion, StockOodles, StockStreetWire, StockWireNews and OTCtipReporter reported earlier on Nova Lifestyle (NVFY), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Nova Lifestyle Inc. (NASDAQ: NVFY) (FRA: 15N1) is focused on designing, manufacturing, marketing and selling commercial and residential furniture for upper and middle-income consumers in diverse markets across the globe.

The firm has its headquarters in Commerce, California and was incorporated in 1992 by Yuen Ching Ho and Ya Ming Wong. Prior to its name change, the firm was known as Stevens Resources Inc. It operates as part of the manufacturing industry, in the consumer discretionary sector under the home and office products sub-industry.

The company has three companies in its corporate family and its products are sold in Australia, Europe, China, the United States and other markets across the globe. It distributes its products through online marketing campaigns and internet sales, retail stores and distributors in China, participation in trade shows and exhibitions, mainly to furniture retailers and distributors as well as directly under the Wo Zhi Bao, 1SOFA, Bright Swallow, Giorgio Mobili, Colorful World and Diamond Sofa brands.

The enterprise develops metal, wood-based and upholstered residential furniture for the dining, living and bed rooms, as well as home offices. Its product portfolio is made up of cupboards, cabinets, entertainment consoles, beds, dining tables, chairs and sofas as well as nova qwik products.

The company recently debuted a new furniture line at the High Point Market through its subsidiary. The High Point Market is the biggest home furnishing industry trade show globally. The move will promote sales as well as extend the company’s consumer reach, which will help bring in more investors into the firm.

Nova Lifestyle (NVFY), closed Friday's trading session at $3.04, up 64.3243%, on 69,178,321 volume. The average volume for the last 3 months is 356,134 and the stock's 52-week low/high is $1.45/$6.38.

Virios Therapeutics (VIRI)

RedChip, QualityStocks, MarketClub Analysis, TradersPro, Red Chip, PennyStockScholar, PCG Advisory, MarketBeat and 247 Market News reported earlier on Virios Therapeutics (VIRI), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Virios Therapeutics Inc. (NASDAQ: VIRI) is a development stage biotechnology firm that is engaged in the development and commercialization of antiviral treatments for ailments linked to viral triggered abnormal immune responses.

The firm has its headquarters in Alpharetta, Georgia and was incorporated in 2012, on February 28th by William L. Pridgen. Prior to its name change in December 2020, the firm was known as Virious Therapeutics LLC. It operates in the health care sector, under the biotech and pharma sub-industry and serves consumers in the U.S.

The company’s objective is to enhance patient outcomes by finding the underlying cause of fibromyalgia as well as other conditions. Scientists propose that the overactive immune responses associated with activation of HSV-1 (Herpes Simplex Virus-1) tissue may be a possible cause of chronic ailments like functional somatic syndrome, chronic fatigue syndrome, irritable bowel disease and fibromyalgia. All these diseases are characterized by a waning and waxing manifestation of illness.

The enterprise’s lead drug candidate is a fixed dose combination of celecoxib and famciclovir known as IMC-1, which has been indicated for the treatment of fibromyalgia. Its end goal is to decrease viral-mediated illness burdens. The candidate is currently undergoing a phase 2b clinical trial, which is expected to end by the first quarter of 2022.

The firm’s IMC-1 candidate was recently awarded fast track designation by the FDA. The candidate, which has shown promising results, may soon be introduced to the market, which will not only benefit the patients who suffer from fibromyalgia but also bring in more investors into the firm.

Virios Therapeutics (VIRI), closed Friday's trading session at $0.4574, up 37.8957%, on 5,942,484 volume. The average volume for the last 3 months is 1.291M and the stock's 52-week low/high is $0.275/$2.42.

Aurora Cannabis (ACB)

InvestorPlace, Schaeffer's, MarketBeat, StocksEarning, MarketClub Analysis, The Street, QualityStocks, Trades Of The Day, StockEarnings, Daily Trade Alert, StreetInsider, The Online Investor, Wealth Insider Alert, Market Intelligence Center Alert, Kiplinger Today, StockMarketWatch, CFN Media Group, Investopedia, Stock Up Featured, Profit Trends, BUYINS.NET, BlackSwanAlert, StreetAuthority Daily, The Rich Investor, Jim Cramer, Early Bird, Investors Alley, Cannabis Financial Network News, Wall Street Window, CNBC Breaking News, Daily Profit, Tradespoon, Inside Trading, Outsider Club, TheTradingReport, Zacks, The Wealth Report, Market Intelligence Center, Technology Profits Daily, Money and Markets and Top Pros' Top Picks reported earlier on Aurora Cannabis (ACB), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Aurora Cannabis Inc. (NASDAQ: ACB) (TSE: ACB) (FRA: 21P1) is engaged in the production, distribution and sale of cannabis and cannabis-derived products.

The firm has its headquarters in Edmonton, Canada and was incorporated in 2006, on December 21st by Steve Dobler and Terry Booth. It operates as part of the pharmaceutical and medicine manufacturing industry. The firm has twenty-two companies in its corporate family and serves consumers around the globe, with a focus on Canada.

The company’s brand portfolio includes Woodstrock, Aurora, WMMC, Aurora Drift, Whistler, San Rafael ’71, CanniMed, Daily Special, MedReleaf and AltaVie.

The enterprise produces a number of strains of dried marijuana, marijuana oil and capsules and topical kits for medical patients. It also sells consumable vaporizer accessories, vaporizers, and herb mills for using its herbal cannabis products. This is in addition to selling vaporizer lockable containers and grinders. It also engages in facility engineering and design, marijuana plant breeding, research, production, product development, derivatives, retail and wholesale distribution activities. The enterprise is also involved in the development of medical marijuana products at different stages of development, including edible, topical, oral and inhalable products, as well as in the operation of a network of cannabis counselling and outreach centers known as CanvasRX. Further, it offers cannabis analytical product testing services, design and construction services, and patient counselling services.

The firm recently announced its latest financial results, with its CEO noting that it remains focused on cost reduction and positioning itself to pursue strategic merger and acquisition opportunities which will positively impact its growth and benefit its stakeholders.

Aurora Cannabis (ACB), closed Friday's trading session at $4.86, up 26.5625%, on 13,350,336 volume. The average volume for the last 3 months is 698,431 and the stock's 52-week low/high is $2.84/$11.50.

AerSale (ASLE)

TradersPro, MarketBeat, Zacks, The Online Investor, InsiderTrades, FreeRealTime and Daily Trade Alert reported earlier on AerSale (ASLE), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

AerSale Corporation (NASDAQ: ASLE) is a company that offers aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing firms, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers globally.

The firm has its headquarters in Coral Gables, Florida and was incorporated in 2008 by Robert B. Nichols and Nicolas Finazzo. It operates as part of the airports and air services industry, under the industrials sector. The firm serves customers around the world.

The company operates through the Asset Management Solutions and Technical Operations (TechOps) segments. The Asset Management Solutions segment is focused on selling and leasing aircraft, engines, and airframes, as well as disassembly of these assets for component parts. The TechOps segment offers internal and third-party aviation services, including heavy aircraft maintenance and modification, internally developed engineered solutions, and component MRO, as well as end-of-life disassembly services. This segment also offers aircraft modifications, cargo and tanker conversions of aircraft, and aircraft storage; and MRO services for landing gear, thrust reversers, hydraulic systems, and other aircraft components. The company generates most of its revenue from the Asset Management Solutions segment.

The enterprise’s offerings include AerSafe, a fuel tank ignition mitigation system; AerTrak, an automatic dependent surveillance broadcast (ADS-B) solution; and AerAware, an enhanced flight vision system (EFVS) that enables pilots to navigate through low visibility conditions.

The firm recently announced its latest financial results showing robust demand for AerSale products and services as well as increased technical operations revenues. It remains focused on increasing its sales and generating additional value for its stakeholders.

AerSale (ASLE), closed Friday's trading session at $7.38, off by 4.5278%, on 392,699 volume. The average volume for the last 3 months is 28.711M and the stock's 52-week low/high is $6.59/$17.92.

Riot Blockchain Inc. (RIOT)

Schaeffer's, MarketClub Analysis, InvestorPlace, StocksEarning, QualityStocks, StockMarketWatch, INO Market Report, MarketBeat, Zacks, TradersPro, Market Intelligence Center Alert, The Street, The Online Investor, StockEarnings, Early Bird, Kiplinger Today, TraderPower, InvestorsUnderground, BUYINS.NET, AllPennyStocks, Trades Of The Day, Investment House, Daily Trade Alert, Penny Stock 101, Market Intelligence Center, BillionDollarClub, StreetAuthority Daily, PennyStockLocks, Trading Tips, The Wealth Report, StockRockandRoll, MarketMovingTrends, TopPennyStockMovers, CryptoCurrencyWire, DividendStocks, The Daily Market Alert, Money Morning, Inside Trading, Investors Alley, ProsperityPub, Jeff Clark Research, Promotion Stock Secrets, Louis Navellier and StreetInsider reported earlier on Riot Blockchain Inc. (RIOT), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Digital-asset investment products attracted a substantial $2.9 billion in funds during the week spanning March 11–15, 2024, surpassing the prior record of $2.7 billion, as reported by CoinShares. Year-to-date, these inflows have reached $13.2 billion, outpacing the total inflows seen in 2021, which amounted to $10.6 billion.

Throughout this period, trading volumes hit $43 billion, marking a record for the previous week and accounting for more than 47% of all Bitcoin volumes worldwide. Additionally, blockchain investments saw a notable turnaround, with inflows of $19 million after six consecutive weeks of outflows.

The United States topped the regional rankings with $2.95 billion in inflows. Hong Kong, Australia and Brazil experienced negligible inflows while Switzerland, Canada, Sweden and Germany experienced outflows totaling $78 million. This distribution of geographic interest highlights the wide range of interest in crypto assets around the world.

Additionally, global Exchange Traded Products (ETPs) surpassed the $100 billion milestone for the first time during the week, although a subsequent market adjustment resulted in a $97 billion settlement.

Bitcoin (BTC) accounted for $2.86 billion in inflows, representing 97% of the year-to-date total. Conversely, short Bitcoin positions reached $26 million for the fifth consecutive week. Notably, leading altcoins experienced outflows, with Solana (SOL), Polygon (MATIC) and Ethereum (ETH) losing $2.7 million, $6.8 million and $14 million, respectively.

Looking back to the week of March 4–8, 2024, cryptocurrency investment products’ capital inflows hit a record $2.7 billion. In the two months prior, total inflows were $10.3 billion, somewhat less than the $10.6 billion total for the year 2021. Of those inflows, $2.6 billion came from Bitcoin.

The cryptocurrency investment landscape is being shaped by regulatory changes, especially in the United States where favorable regulatory approvals and competitive management costs have allowed U.S. spot Bitcoin ETFs to take more than 80% of the spot market share. Internationally, opinions on crypto exchange products have been divided, with significant Bitcoin spot ETF outflows in Canada and Europe. However, regulators throughout the world are starting to reevaluate their positions due to the rising acceptance and popularity of Bitcoin spot ETFs.

Regulatory bodies such as the Financial Conduct Authority (FCA) in the United Kingdom and the Securities and Futures Commission (SFC) in Hong Kong are beginning to soften their approach towards cryptocurrency-backed ETFs and Exchange Traded Notes (ETNs), suggesting a possible global shift in favor of crypto investment products.

The positive momentum that crypto ETFs have brought to the industry is also benefiting other segments of the crypto industry, such as the mining segment in which enterprises such as Riot Blockchain Inc. (NASDAQ: RIOT) operate.

Riot Blockchain Inc. (RIOT), closed Friday's trading session at $11.4, off by 4.8414%, on 15,608,780 volume. The average volume for the last 3 months is 496,581 and the stock's 52-week low/high is $7.66/$20.65.

Alliance Resource Partners L.P. (ARLP)

The Online Investor, QualityStocks, Zacks, TradersPro, MarketBeat, The Street, DividendStocks, InvestorPlace, Marketbeat.com, MarketClub Analysis, The Wealth Report, TopStockAnalysts, Dividend Opportunities, MiningNewsWire, TheStockAdvisor, StreetAuthority Daily, Money Morning, The Motley Fool, Early Bird, Market Intelligence Center Alert, BUYINS.NET, Daily Wealth, Investing Daily, The Growth Stock Wire, TraderPower, Top Pros' Top Picks, Wealth Insider Alert, TheStockAdvisors, TheOptionSpecialist, Rick Saddler, Daily Trade Alert, SmarTrend Newsletters, StockEarnings, Trading Concepts, Louis Navellier, Greenbackers, Eagle Financial Publications, FNNO Newsletters, FreeRealTime, Daily Markets, Insider Wealth Alert, Investment U, Investor Update, PoliticsAndMyPortfolio.com, Leeb's Market Forecast, TheTradingReport, TheStreet Offers, Money and Markets, Short Term Wealth, StreetInsider and Trades Of The Day reported earlier on Alliance Resource Partners L.P. (ARLP), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

John Podesta, the new U.S. envoy on climate change, is calling on China to speed up its green-energy transition and take its responsibility toward mitigating climate change more seriously. Even though China is still the largest greenhouse-gas emitter on the globe after overtaking the United States in 2006, Podesta believes the economic giant still has more online coal than it needs and that is healthy for the world.

China emitted 27% of the world’s entire greenhouse-gas emissions in 2020, according to the World Resources Institute’s CAIT database. The country also produces 12.7 billion metric tons of greenhouse gas emissions per year.

During a recent visit to Tokyo, John Podesta, who is senior advisor to the U.S. president for international climate policy, applauded China’s actions at the Dubai COP28 conference where countries pledged to triple worldwide green-energy capacity through the decade. While China has taken impressive steps to transition away from fossil fuels, particularly through the installation of a record number of solar and wind power projects, Podesta said he hopes Beijing will speed up its green-energy transition schedule.

He noted that North America is historically the largest greenhouse-gas emitter on the globe and is currently working to decarbonize the energy sector, which is currently one of the largest emitters in the country. With China surpassing the U.S. as the globe’s top emitter in the mid-2000s, Podesta said the Asian nation has to “take its responsibility seriously.”

Podesta acknowledged that China is already deploying renewable energy infrastructure faster than any other country in the world, but je noted that it would need consistent communication to ramp up its efforts even further. Even though China and the U.S. don’t see eye to eye on many issues, climate change represents common ground they can agree on as both nations produce more emissions than the rest of the world combined.

Former senior advisor to the U.S. president for international climate policy John Kerry held a meeting with Chinese climate change envoy Xie Zhenhua in California last November. The two government officials published a joint statement calling for both countries and the rest of the world to speed up the adoption of renewables.

In a prior interview, Podesta said that he and the new China envoy on climate change, Liu Zhenmin, have promised to meet in person, continuing the two nations’ climate-change-related collaborations.

Beijing has pledged to achieve net zero carbon emissions by 2060 but has been criticized for permitting record numbers of new coal-fired energy plants in recent years.

It is likely to take some time for coal companies such as Alliance Resource Partners L.P. (NASDAQ: ARLP) to see their business dwindle to the point where it is no longer viable. Coal demand is still high around the world, and it isn’t surprising that China is still licensing new plants.

Alliance Resource Partners L.P. (ARLP), closed Friday's trading session at $19.71, off by 1.4007%, on 253,143 volume. The average volume for the last 3 months is 2.109M and the stock's 52-week low/high is $17.05/$24.30.

VinFast Auto Ltd. (VFS)

Schaeffer's, QualityStocks, MarketBeat, Early Bird and InvestorPlace reported earlier on VinFast Auto Ltd. (VFS), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

American car rental giant Hertz has replaced its CEO following the electric car debacle that saw the company pledge to purchase up to 100,000 battery electric vehicles (BEVs) in October 2021 as part of companywide efforts to electrify its vehicle fleet before selling off 20,000 EVs just two years later. Hertz had plans to buy 100,000 Tesla EVs followed by 175,000 electric cars from General Motors and an additional 65,000 from Polestar.

However, Hertz found that the costs involved in running, maintaining and repairing electric cars were more than initially projected. Consequently, the company decided to offload one-third of its electric vehicle fleet. The company has now announced that Hertz CEO Stephen Scherr is stepping down at the close of March and will be replaced by former Delta Airlines chief operating officer Gil West.

Before he was appointed Hertz CEO, Scherr spent close to three decades at Goldman Sachs and was instrumental in building up Hertz’s fleet of electric vehicles. Although the company’s rental EV fleet quickly became the largest such fleet globally, Hertz faced several challenges after building up the massive fleet.

High maintenance and repair costs forced Hertz to spend more than it had originally projected managing its electric vehicle fleet. The EVs burned through their tires faster than ordinary fossil fuel-powered cars and took longer to repair when they were damaged. Furthermore, a drop in overall electric vehicle prices meant that Hertz’s massive investment in electric cars lost a lot of value. Facing stiff competition in the Chinese market, Tesla initiated a price discount war that led to lower prices for both new and second-hand electric cars in China, the United States and Europe.

As a result, falling second-hand EV values caused Hertz’s earnings to drop by $245 million last quarter. Some industry analysts also say that the car-rental company contributed to the ongoing EV debacle by mishandling the transition to an electric fleet. Wedbush Securities analyst Daniel Ives says the project’s marketing and execution was a that will be hard to recover from.

According to Ives, drivers interested in but unable to buy EVs aren’t any more likely to rent one for trips when they still won’t be able to charge on the road with the same convenience a home charger offers. Furthermore, Ives notes that the way Hertz enforced EV charging rules may have discouraged drivers from renting its electric cars. He says the company’s decision to not install EV charging infrastructure at any of its rental locations “hurt its business.”

Hertz’s EV experience is likely to make it harder for other manufacturer, such as VinFast Auto Ltd. (NASDAQ: VFS), that may have wanted to tap the EV market presented by fleet operators.

VinFast Auto Ltd. (VFS), closed Friday's trading session at $4.96, off by 0.601202%, on 950,340 volume. The average volume for the last 3 months is 45.003M and the stock's 52-week low/high is $4.59/$93.00.

Intel Corp. (INTC)

FreeRealTime, The Street, InvestorPlace, Kiplinger Today, StockMarketWatch, Schaeffer's, StreetAuthority Daily, Zacks, The Online Investor, MarketClub Analysis, Investopedia, StreetInsider, Daily Trade Alert, Trades Of The Day, TopStockAnalysts, Money Morning, MarketBeat, CNBC Breaking News, Barchart, Dividend Opportunities, PROFIT CONFIDENTIAL, Market Intelligence Center Alert, StocksEarning, InvestorGuide, SmarTrend Newsletters, Louis Navellier, INO Market Report, Early Bird, The Motley Fool, Street Insider, TheStockAdvisors, Daily Profit, ProfitableTrading, Daily Wealth, INO.com Market Report, Uncommon Wisdom, Wyatt Investment Research, Top Pros' Top Picks, The Wealth Report, internetnews, TradingAuthority Daily, TheStockAdvisor, Trading Markets, internet, Wealth Insider Alert, Insider Wealth Alert, Investor Guide, StrategicTechInvestor, SiliconValley, Marketbeat.com, Money and Markets, CustomerService, Money Wealth Matters, The Best Newsletters, MarketWatch, Investors Alley, The Street Report, Market FN, WStreet Market Commentary, StreetAlerts, DrStockPick, GorillaTrades, Cabot Wealth, Wealth Daily, The Growth Stock Wire, IT News Daily, Investor Update, Daily Markets, Daily Dividends, DividendStocks, Wall Street Daily, Investing Daily, TradingMarkets, Trading Tips, StockHotTips, CRWEWallStreet, CRWEFinance, Forbes, Eagle Financial Publications, ChartAdvisor, Leeb's Market Forecast, Greenbackers, Trade of the Week, Stockhouse, Trading Concepts, PennyOmega, BestOtc, PennyToBuck, Coattail Investor, CRWEPicks, TipRanks, Investment U, InsiderTrades, Dynamic Wealth Report, Market Authority, QualityStocks, SmallCap Network, FeedBlitz, InvestmentHouse, The Night Owl, AllPennyStocks, Super Stock Investor, FeedTheBull, Energy and Capital, Market Intelligence Center, SwingTradeOnline, Darwin Investing Network, StockEarnings, SmallCapVoice, wyatt research newsletter, Trader Prep, Investment House, Taipan Daily, FNNO Newsletters, Wall Street Elite, iStockAnalyst, Wealthpire Inc., OnTheMar, 24/7 Trader, Penny Stock Buzz, InvestorsObserver Team, Investing Lab, Investing Signal, Inside Investing Daily, The Stock Enthusiast, Willy Wizard, Quant Ratings Team, Market Wrap Daily, Jon Markman’s Pivotal Point, SmallCapNetwork, Stock Gumshoe, The Dividend Guy, Jim Cramer, Hit and Run Candle Sticks, InvestorIntel, Stocks in the Spotlight, All Star Investor, Wall Street Resources, Wall Street Greek, Bloomfield Investment Club, Total Wealth, TheOptionSpecialist, The Weekly Options Trader, The Trading Report, Shah's Insights & Indictments, StockTwits, Short Term Wealth, Equities.com, Lebed.biz, Market Pulse, FlintFreeFinance, The Daily Market Alert, Millennium-Traders, PennyStockOracle, Profitable Trader Authority, BUYINS.NET, Early to Rise and Damn Good Penny Picks reported earlier on Intel Corp. (INTC), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

In a recent move, Morgan Stanley appointed a new head of artificial intelligence. The appointment, as stated in a memo by the bank’s copresidents, Dan Simkowitz and Andy Saperstein, will help guide the implementation of artificial intelligence across the company.

Jeff McMillan, a former tech executive in the bank’s wealth management division, is now the new head of AI. Prior to this appointment, McMillan had led Wealth Management’s Analytics, Data & Innovation organization. He played a significant part in driving the technological evolution of wealth management.

This development comes after the bank, in 2023, became the first major company on Wall Street to develop a solution for employees based on GPT-4 by OpenAI. The solution provides financial advisors with faster access to Morgan Stanley’s database.

McMillan will be in charge of coordinating across the company to ensure that the appropriate artificial intelligence governance and strategies are in place. This will require him to collaborate with the infrastructure areas and business units to better prioritize and identify opportunities in AI. He will also be responsible for positioning the company in the thick of artificial intelligence development in the industry while ensuring that the company remains an esteemed AI innovator.

McMillan is expected to work closely with head of global research, Katy Huberty; head of firm strategy, Sid Visentini; and head of U.S. banks & technology, Mike Pizzi. In addition, he will cochair the companywide AI steering group with Huberty. The group is made up of infrastructure and business unit representatives.

This recent move demonstrates the increasing importance of AI in financial services, which has been driven by the rise of generative artificial intelligence tools that give human-like responses to questions, such as ChatGPT.

While most companies on Wall Street reduced their job offerings last year, the multinational investment bank and financial services company and a few other companies competed to fill AI positions, even going as far as to lure and poach employees from other organizations.

In June 2023, Teresa Heitsenrether was appointed to the role of chief data and analytics officer responsible for the adoption of AI by JPMorgan. Heitsenrether’s appointment is well deserved, particularly because since she gained control of securities services, the division’s revenue has increased by more than 20%.

Assets under custody also grew by nearly $9 million. Prior to her appointment, Heitsenrether led the global expansion of its brokerage business. Marco Agenti, a Chief Information Officer, is Goldman Sachs’ lead AI advocate.

With companies such as Intel Corp. (NASDAQ: INTC) manufacturing advanced computer components such as semi-conductors, it is unlikely to be hard for Morgan Stanley and other businesses to access the specialized components and systems they need to tap the benefits of AI.

Intel Corp. (INTC), closed Friday's trading session at $42.57, up 0.353607%, on 28,503,057 volume. The average volume for the last 3 months is 419,660 and the stock's 52-week low/high is $26.855/$51.28.

Verano Holdings Corporation (VRNOF)

QualityStocks, MarketBeat, InvestorPlace, The Street and Early Bird reported earlier on Verano Holdings Corporation (VRNOF), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

A recently filed lawsuit argues that the ongoing prohibition of marijuana has no rational basis. The lawyers representing a group of cannabis companies have based their argument on the federal government’s current approach on the matter.

They argue that legislators and the executive branch have deserted their mission to eliminate illegal interstate commerce of marijuana, which was enforced with the establishment of the Controlled Substances Act. The lawyers note that with more states legalizing and regulating recreational and/or medical marijuana and offering consumers safe and local access to the drug, they are actively decreasing illegal interstate commerce as more individuals now prefer buying state-regulated cannabis over illicit cannabis.

This comes after the government dismissed a marijuana companies’ suit filed in January. At the center of that lawsuit is a 2005 decision by the Supreme Court on Gonzales v. Raich. In their ruling, the justices asserted that marijuana’s federal prohibition pre-empted legalization at the state level because of Congress’ mission of preventing illicit interstate commerce of cannabis.

Plaintiffs maintain that the changes that have occurred since then, in the federal government’s tolerance of commercial marijuana activity in legal states as well as at the state level, eliminate the basis for insisting that state-regulated intrastate cannabis commerce must be banned to serve Congress’ objective. Currently, the medical use of marijuana is legal in 38 states while the drug’s recreational use is legal in 24 states and 3 territories. Additionally, 7 other states have decriminalized the use of this drug.

The businesses behind this suit claim that maintaining cannabis prohibition in state markets was unconstitutional and gave way to public safety risks while also preventing licensed operators from accessing necessary tax deductions and financial services that were available to other industries.

Most state-licensed cannabis businesses majorly use cash as they cannot access banking services. Additionally, Section 280E of the IRS code prevents these businesses from claiming federal tax deductions on their taxes.

The case is being led by Verano Holdings Corporation (CSE: VRNO) (OTCQX: VRNOF), a multistate operator; Wiseacre Farm and Canna-Provisions, marijuana businesses based in Massachusetts; and Treevit, a cannabis courier in Western Massachusetts. These companies are being represented by law firms Lesser, Newman, Aleo and Nasser LLP and Boies Schiller & Flexner LLP.

This latest filing was submitted by David Boies, an expert litigator whose previous clients include former vice president Al Gore, the Department of Justice and plaintiffs in the case that led to invalidation of the same-sex marriage ban in the state of California.

Verano Holdings Corporation (VRNOF), closed Friday's trading session at $5.85, off by 1.8456%, on 231,586 volume. The average volume for the last 3 months is 336,503 and the stock's 52-week low/high is $2.53/$7.08.

iCoreConnect Inc. (ICCT)

QualityStocks and AllPennyStocks reported earlier on iCoreConnect Inc. (ICCT), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

iCoreConnect (NASDAQ: ICCT), a cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise platform of applications and services, has closed on a securities purchase agreement with certain institutional investors. According to the agreement, the investors agreed to purchase $2,375,000 in unsecured convertible notes. Moody Capital Solutions Inc. served as the investment bank of record for iCoreConnect on this transaction. “This financing will help our company continue our growth trajectory, allowing us to continue to provide what we believe is the best-in-class software to our customers in medical and dental practices across the country,” said iCoreConnect president and CEO Robert McDermott in the press release.”

To view the full press release, visit https://ibn.fm/jaAPf

About iCoreConnect Inc.

iCoreConnect is a cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise platform of applications and services. The company currently markets secure Health Insurance Portability and Accountability Act (“HIPAA”)-compliant cloud-based Software as a Service offerings sold under annual recurring revenue subscriptions. For more information about the company, please visit www.iCoreConnect.com.

iCoreConnect Inc. (ICCT), closed Friday's trading session at $1.28, up 1.5873%, on 39,928 volume. The average volume for the last 3 months is 52.36M and the stock's 52-week low/high is $0.1041/$20.70.

NVIDIA Corporation (NVDA)

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NVIDIA (NASDAQ: NVDA) was featured in a recent analysis report that discussed some of the trends the company has harnessed and propelled on its march higher to becoming the ultimate disruptor as well as what lies ahead. According to the report, written by LikeFolio Founder Andy Swan, the trends include the GPU computing revolution (early 2000s onwards), deep learning and AI surge (2012 onwards), gaming and...

To read the full report and view the infographic, please visit https://ibn.fm/5rpto

About NVIDIA Corporation

Since its founding in 1993, NVIDIA has been a pioneer in accelerated computing. The company’s invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined computer graphics, ignited the era of modern AI and is fueling industrial digitalization across markets. NVIDIA is now a full-stack computing infrastructure company with data-center-scale offerings that are reshaping industry. For more information about the company, visit https://nvidianews.nvidia.com.

NVIDIA Corporation (NVDA), closed Friday's trading session at $942.89, up 3.1213%, on 58,671,936 volume. The average volume for the last 3 months is 36,344 and the stock's 52-week low/high is $258.50/$974.00.

The QualityStocks Company Corner

Turbo Energy S.A. (NASDAQ: TURB)

The QualityStocks Daily Newsletter would like to spotlight Turbo Energy S.A. (NASDAQ: TURB).

Turbo Energy (NASDAQ: TURB), a photovoltaic energy company based in Spain, anticipates increased demand for residential solar energy systems from homeowners in the EU and throughout the world. "The company's flagship product – SunBox – is an all-in-one residential solar energy solution that leverages AI to manage consumption, reduce expenses and protect consumers from price shocks. SunBox Home streamlines power production, storage and usage by connecting to each point in the solar energy generation and consumption cycle. The system's companion application allows full personalization by offering users complete visibility into battery status, energy production and power use," a recent article reads. "Along with SunBox Home, TURB offers SunBox Industry – a cutting-edge renewable energy solution that combines inverters, lithium-ion batteries and AI-powered software for efficient energy management. With customizable features and real-time monitoring capabilities, SunBox Industry optimizes energy consumption, reduces electricity bills and ensures uninterrupted power supply for commercial operations. Turbo Energy also specializes in lithium-ion batteries and inverters for photovoltaic energy storage, with a focus on the residential market… In addition, Turbo Energy offers a range of inverters that convert direct current from photovoltaic panels into alternating current for household appliances, which concurrently regulate battery charging and discharging to optimize energy utilization." To view the full article, visit https://ibn.fm/0Tors.

A renewable energy project in the Arizona desert is combining a massive solar farm with a stationary energy-storage solution to generate solar energy during peak sunlight hours, store that energy in batteries and then discharge it back to the grid during peak consumption hours. Helmed by Danish company Orsted in partnership with local utility firm Salt River Project (SRP), the project seeks to solve a critical problem in the nascent renewable energy space. The problem? Solar and wind power can only be generated when the sun shines and the wind blows. Unfortunately, this means that peak green-energy generation typically occurs while power consumption is low. With many companies such as Turbo Energy S.A. (NASDAQ: TURB) taking up the challenge of manufacturing PV energy storage batteries, it may not take long for solar and battery combos to proliferate jurisdictions looking to ramp up their green-energy use.

Turbo Energy S.A. (NASDAQ: TURB) designs, develops and distributes equipment for the generation, management and storage of photovoltaic energy in Spain, Europe and internationally.

Turbo Energy’s products include lithium-ion batteries and inverters. Additionally, the company recently launched its flagship product, the Sunbox, an all-in-one device that integrates most of the equipment required for a residential photovoltaic installation. The Sunbox is powered by AI and features a software system that monitors the generation, use and management of photovoltaic energy by analyzing large amounts of data related to energy generation, consumption, market prices and weather forecasts. This AI system optimizes battery usage, reducing electricity bills and providing peak-use reduction and uninterruptible power supply functions.

Turbo Energy currently sells its photovoltaic energy equipment primarily through distributors for residential consumers in Spain, but it possesses the expertise and international perspective to expand its product portfolio into industrial and commercial scale and markets, as well as advancing the internationalization process it has already started. The company plans to expand into the industrial photovoltaic sector with its new Sunbox, launched in 2023, in higher power and capacity variants. Its goal is to become a significant player in this sector and contribute to the growth of renewable energy solutions.

The company was incorporated in 2013 and is based in Valencia, Spain. It operates as a subsidiary of Umbrella Solar Investment S.A.

Products

Lithium-Ion Batteries

Turbo Energy is one of the leading companies that introduced lithium-ion batteries for photovoltaic energy storage in Spain. Primarily for the home energy storage market, the company’s batteries have capacities from 2.24 kWh to 5.1 kWh in 24 and 48 volts. In addition, its 48V / 5.1 kWh units are available in a dual battery system.

Inverters

The inverter converts the direct current produced by the photovoltaic panels into alternating current that can be used by household appliances. It also regulates battery charging and discharging based on energy needs and optimizes utilization of generated renewable energy. Turbo Energy currently offers multiple models that cover most household installations.

All-in-One Sunbox

This product incorporates inverters, batteries and the rest of the components necessary to operate and protect the photovoltaic installation. This saves installation cost and assembly and configuration time while preventing errors. Notably, the latest Sunbox models also offer an EV charging option.

Software System

In communication with the inverter, the company’s software monitors energy flows between the photovoltaic panels, household consumption, storage and an optional electric vehicle charging station. The software allows users to customize an automatic backup mode based on weather forecasts, or manually select which part of the battery will be reserved for possible power outages. It also allows the battery to be used in a peak shaving mode, which leverages AI to trigger battery power when grid energy is most expensive, effectively reducing the amount of high-cost power drawn from the grid.

Market Opportunity

According to a report by Fortune Business Insights, a global research and reporting firm, the solar energy storage battery market was estimated to be worth $3.33 billion in 2022 and is projected to reach a value of more than $20 billion by 2030, marking a CAGR of 24.2% over the forecast period.

These batteries are crucial components of renewable energy systems, allowing for the storage of excess electricity generated by solar panels, so it can be used during times of no or low sunlight. By storing energy and supplying it when needed, these batteries reduce reliance on the power grid and maximize self-consumption while helping users avoid peak electricity rates. They also contribute to the transition toward a cleaner and more sustainable energy future by enabling residential consumers and businesses to use solar power even when the sun is not shining.

Management Team

Enrique Selva Bellvís is the CEO and founder of the Umbrella Group. In addition, he serves as vice-president of the Valencian Association of Energy Sector Companies industry group. Before his career in the solar energy sector, he was the founder and CEO of Innova Ingenieros Consultores. He holds a degree in industrial engineering with a specialization in energy from the Polytechnic University of Valencia and completed the Management Development Programme at the IESE Business School.

Mariano Soria is the Chief Innovation Officer for the Umbrella Group and serves as General Manager of Turbo Energy. He was CEO of Punt Moble XXI S.L. and continues to serve on that company’s board. Before that, he was the General Manager of REJMAR S.A., a land development company. He received his degree in industrial engineering and industrial organization from the Polytechnic University of Valencia, and his MBA from the European University of Madrid.

Alejandro Moragues is CFO of Turbo Energy. Previously, he held the position of Senior Corporate Auditor for U.S. company Euronet Worldwide Inc. and was an external auditor for PricewaterhouseCoopers. He holds a bachelor’s degree in business administration and management from the Polytechnic University of Valencia.

Manuel Cercos is Chief Commercial Officer at Turbo Energy. Previously, he held positions at Técnicas Aplicadas en Baterías S.L., where he served as Sales Director and Sales Manager. Before that, he worked as a Sales Technician at DAISA.

Turbo Energy S.A. (NASDAQ: TURB), closed Sunday's trading session at $1.21, off by 0.819672%, on 9,004 volume. The average volume for the last 3 months is 4.069M and the stock's 52-week low/high is $0.855/$7.90.

Recent News

D-Wave Quantum Inc. (NYSE: QBTS)

The QualityStocks Daily Newsletter would like to spotlight D-Wave Quantum Inc. (NYSE: QBTS).

Earlier this week, D-Wave Quantum Inc. (NYSE: QBTS) announced that it was making new appointments to its team to advance product innovation and growth strategy. The company, a leader in quantum computing systems, services and software, is the first commercial supplier of quantum computers globally. The new appointments include Dr. Trevor Lanting's promotion to chief development officer and Lorenzo Martinelli's appointment as the firm's chief revenue officer. As chief development officer, Lanting will be in charge of leading the conpany's product innovation roadmap, which includes its full stack of quantum computing software and hardware solutions. D-Wave's mission is to unlock the power of quantum computing to benefit businesses as well as the society at large. Currently, its technology is used by global organizations such as Deloitte, Lockheed Martin, MasterCard, NEC Corp., Unisys, Siemens Healthineers, ArcelorMittal, DENSO, Davidson Technologies, Los Alamos National Laboratory, Pattison Food Group Limited, and Forschungszentrum Jülich, among others.

D-Wave Quantum Inc. (NYSE: QBTS) is a leader in quantum computing systems, software and services focused on delivering customer value via practical quantum applications for problems such as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, fault detection and financial modeling. As the only provider building both annealing and gate-model quantum computers, the company is unlocking commercial use cases in optimization today, while building the technologies that will enable new solutions tomorrow.

D-Wave is a pioneer in quantum computing, with a history of delivering the world’s first commercial quantum computer; the first real-time quantum cloud service; countless hardware and software product and research milestones; and the planned first cross-platform quantum solution which will deliver both annealing and gate-model quantum computers to customers via an integrated platform. Its current commercial product offerings include: Advantage™ (fifth generation quantum computer), Leap™ (quantum cloud service), Launch™ (quantum computing onboarding service) and Ocean™ (full suite of open-source programming tools).

D-Wave’s relentless pursuit of practical quantum computing has resulted in the technology being used today by some of the world’s most advanced enterprises – more than 25 of the Forbes Global 2000 use D-Wave.

D-Wave’s commercial customers include blue-chip industry leaders like Volkswagen, Accenture, BBVA, NEC Corporation, Save-On-Foods, DENSO and Lockheed Martin. The company boasts an extensive IP portfolio featuring more than 200 issued U.S. patents and over 100 peer-reviewed papers published in leading scientific journals.

Founded in 1999, D-Wave is the world’s first commercial supplier of quantum computers. With headquarters and the Quantum Engineering Center of Excellence based near Vancouver, Canada, D-Wave’s U.S. operations are based in Palo Alto, California.

Advantage™ Quantum Computer

 

With the Advantage™ Quantum Computer, D-Wave has incorporated two decades of experience and over 10 years of customer feedback to create the first and only quantum computer designed for business. The platform features a new processor architecture with over 5,000 qubits and 15-way qubit connectivity. This is 2.5x more connections and more than double the number of qubits than the company’s previous generation quantum computer.

D-Wave’s quantum computers, first located in its facilities in British Columbia, have been available to North American users through its Leap™ quantum cloud service since 2018. It has since introduced new Advantage systems in Julich, Germany, and most recently, Marina Del Rey, California, which marked the availability of the first Advantage quantum computer physically located in the United States.

That new deployment is part of the USC-Lockheed Martin Quantum Computing Center (QCC) hosted at USC’s Information Sciences Institute (ISI), a unit of the University of Southern California’s prestigious Viterbi School of Engineering. Additionally, Amazon Web Services (AWS) and D-Wave announced that the U.S.-based system is available for use in Amazon 2racket, expanding the number to three different D-Wave quantum systems available to AWS users.

Leap Quantum Cloud Service

 

D-Wave’s customers interface with its systems through the Leap™ quantum cloud service. Leap delivers immediate, real-time access to the company’s Advantage quantum computer and quantum hybrid solver service, all with enterprise-class performance and scalability.

Leap allows developers proficient in Python to get started building and running quantum applications. Through a seamless and secure cloud-based connection, users can easily start solving complex problems of up to 1 million variables and 100,000 constraints.

Using Leap, D-Wave customers have developed quantum hybrid applications for use cases in manufacturing, logistics, financial services, life sciences, materials science, retail and transportation. By eliminating the need to wait hours, days or weeks to get good answers to a broad array of problems, D-Wave is helping businesses move forward.

D-Wave Launch

D-Wave Launch™ is the company’s onboarding platform aimed at helping businesses easily start their quantum journey. Through this program, D-Wave’s team of experts and partners aid enterprises in identifying best use cases for quantum and work with them to develop a proof of concept and production pilot.

From there, the team coordinates with customers to get their hybrid quantum applications up and running, providing ongoing Leap quantum cloud access to ensure the application is operating smoothly and delivering real business value.

Target Verticals

While the potential applications for quantum computing are effectively limitless, D-Wave has identified a number of industry verticals as key areas of focus for its quantum architecture, providing case studies for each. These include:

  • Manufacturing – D-Wave worked with Volkswagen to identify a commercial optimization application, the binary paint shop problem, which was run on D-Wave’s hybrid solver service. The solver outperformed four purely classical methods on problem sizes at commercial scale (N=3,000). In a separate project, similar inputs were tested using a leading ion trap system, which failed to find any commercial solution.
  • Life Sciences – Menten AI makes use of D-Wave quantum computing to assist in the design of novel therapeutic peptides—short strings of amino acids that can act as potent drugs. With the rise of COVID-19, D-Wave’s Advantage system made it possible to identify molecules that might be especially well-suited for binding and inhibiting the related spike protein, producing several promising peptide designs.
  • Finance – Multiverse Computing, a leader in developing quantum solutions for the financial sector, leveraged D-Wave’s hybrid solver service in a collaboration with BBVA, one of the world’s largest financial institutions. Multiverse demonstrated management strategies that far exceeded the granularity of traditional returns in a fraction of the time, helping BBVA identify a low-risk portfolio for investment.

Market Opportunity

The quantum computing total addressable market is projected to grow between $450 billion and $850 billion over the next 15 to 30 years, with between $5 billion and $10 billion of anticipated TAM growth coming in the next three to five years, according to Boston Consulting Group. Driving factors behind this growth include rising investments in quantum computing tech by governments and an increasing number of commercial use-cases.

Forward-thinking organizations see quantum as an opportunity to move ahead of the competition. From finding efficiencies and reducing waste to decreasing time to solution and solving problems abandoned due to complexity, the business value is real. According to data from 451 Research, 40% of large enterprises are already experimenting with quantum computing.

D-Wave is strategically positioned – in an industry with significant barriers to entry – as evident by a decades-long track record serving a roster of blue-chip customers. The company is singularly focused on helping its customers achieve clear value by leveraging quantum computing in practical business applications. With a full stack of systems, software, developer tools and services, D-Wave is working to enable enterprises, governments, developers and researchers to access the power of quantum computing, thereby providing an intriguing opportunity for prospective investors.

D-Wave’s current investor base includes PSP Investments, Goldman Sachs, BDC Capital, NEC Corporation, Aegis Group Partners and In-Q-Tel.

Leadership Team

Dr. Alan Baratz has served as the CEO of D-Wave since 2020. Previously, as Executive Vice President of R&D and Chief Product Officer, he drove the development, delivery, and support of all of D-Wave’s products, technologies, and applications. Dr. Baratz has over 25 years of experience in product development and bringing new products to market at leading technology companies and software startups. As the first president of JavaSoft at Sun Microsystems, he oversaw the growth and adoption of the Java platform from its infancy to a robust platform supporting mission-critical applications in nearly 80 percent of Fortune 1000 companies. He has also held executive positions at Symphony, Avaya, Cisco, and IBM. Dr. Baratz holds a doctorate in computer science from the Massachusetts Institute of Technology.

John Markovich is the company’s CFO. He brings to D-Wave over three decades of experience working with rapidly growing private and public technology companies across all stages of development. Mr. Markovich has directed the finance, accounting, tax, treasury, M&A, legal, operations, customer service, IR, HR, and IT functions for companies ranging from privately held pre-revenue startups to an NYSE-listed Fortune 500 multi-national company with over $1.2 billion in annual revenue. During his career, he has negotiated and closed over 150 debt, equity, M&A, and joint venture transactions exceeding $2.5 billion in value; over a dozen private placements; nearly a dozen M&A transactions; and several international joint ventures. Mr. Markovich holds a BS in Business from Miami University and an MBA from the Michigan State Graduate School of Business.

D-Wave Quantum Inc. (NYSE: QBTS), closed Sunday's trading session at $1.94, up 2.1053%, on 3,348,452 volume. The average volume for the last 3 months is and the stock's 52-week low/high is $7.90/$.

Recent News

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF)

The QualityStocks Daily Newsletter would like to spotlightFathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF).

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), an energy metals exploration company, is targeting high-grade nickel sulfide discoveries for use in the rapidly expanding electric vehicle and green energy markets. "Headquartered in Calgary, Alberta, FNICF operates the Albert Lake Project and the Gochager Lake Project, both located in Saskatchewan's Trans Hudson Corridor. The company commenced drilling at its fully permitted Albert Lake Project in early February 2024 and anticipates moving to its Gochager Lake Project in March. There are a wide variety of data-driven and drill-ready targets at each project. Some are brand new, while others are returning to previous targets with new knowledge on how to approach them. Time domain electromagnet (‘TDEM'), Borehole electromagnetic (‘BHEM') geophysical data, geochemical anomalies, as well as knowledge about subsurface structural controls have all gone into developing the drill targets for this year, and Fathom is excited for the potential of what may be unearthed," a recent article reads. "Albert Lake is a nickel sulfide deposit – a strategic focus for Fathom. Unlike limonite ore and saprolite ore, class 1 nickel sulfide is a preferred component in EV batteries, stainless steel, aerospace components, chemical processing equipment, electrical resistance wires, and turbine engines."

To view the full article, visit https://ibn.fm/GtWdr

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) is a Canadian natural resource development and exploration company that targets high-grade nickel sulfide discoveries for use in the rapidly growing global electric vehicle (EV) market. The company has a portfolio of two high-quality exploration projects located in the prolific Trans Hudson Corridor in Saskatchewan.

Led by a management team with more than 100 years of combined mining and exploration experience, Fathom believes in a continuing bright outlook for nickel and its increasing use in the manufacturing of batteries needed for energy storage in the high-growth renewable energy and EV industries. The company’s modern approach to exploration has yielded significant new nickel discoveries.

Fathom is headquartered in Calgary, Alberta.

Projects

The Albert Lake Project

The Albert Lake Project comprises 90,460 hectares of lands located in north-central Saskatchewan, with over 80,000 hectares currently unexplored. The project is host to the historic Rottenstone Mine, a high-grade, open pit nickel sulfide past producer that was active from 1965 to 1969 and yielded ~26,000 tonnes of 3.3% Ni, 1.8% Cu, and >9 g/t Pd-Pt+Au.

The geological setting of the Albert Lake Project is within the Trans Hudson Orogeny (Corridor), which is host to numerous world-class nickel mining camps including the Thompson Nickel Belt (currently operating with more than 5 billion pounds of nickel produced since 1959), Lynn Lake (past producer) and Raglan Nickel Belt (currently operating with more than 39,000 tons of nickel produced in 2020).

The project is fully permitted. Exploration plans for 2024 include drilling a high-priority target located approximately 2km south of the historic Rottenstone Mine along with drilling other high-priority targets. Additional soil geochemistry, surface geophysical programs and geological mapping and prospecting will be performed during the summer field season.

The Gochager Lake Project

The Gochager Lake Project in northern Saskatchewan, also in the prolific Trans Hudson Corridor, was recently expanded through the addition of the contiguous Watt’s Lake property and direct staking, bringing its total land area to 22,620 hectares.

The Gochager Lake property is host to a historic resource defined by drilling in 1966-1967 consisting of 4.2 M tons grading 0.29% Ni and 0.08% Cu. Recent drilling by Fathom has defined multiple very robust off-hole borehole electromagnetic (BHEM) responses in eight of nine holes drilled in 2023 and three historic drill holes probed. There is very strong evidence of multiple, high-grade nickel-copper-cobalt steeply oriented chutes within the historic Gochager Lake Deposit.

Prior to Fathom exploration in 2023 and since 1970, exploration at the property has been limited to small drill programs in 1989-1990 and 2018. Exploration plans for 2024 include expanded surface geophysical programs, drilling and continued BHEM surveys to expand tons and increase the grade of the historic Gochager Lake deposit. Summer exploration will consist of soil geochemistry, mapping, prospecting and additional surface geophysical programs focused on identifying other Gochager-like deposits within the current land package.

Market Opportunity

Nickel plays a crucial role in clean energy technologies, and that is expected to cause demand to well outstrip supply for the foreseeable future.

With an annual market value of around $35 billion, nickel demand is projected to rise due to its intensive use in lithium-ion batteries used to power EVs. However, new discoveries of nickel sulfide deposits (currently the most reliable source for battery-grade class 1 nickel) have been rare, which could constrain class 1 nickel supply in the coming years.

According to Deloitte’s global EV forecast, total EV sales will grow from 2.5 million in 2020 to 11.2 million in 2025, reaching 31.1 million by 2030 and representing approximately 32% of the total market share for new car sales. Over the next 10 years, the EV market is projected to see a CAGR of 29%, with increased demand for nickel expected to be comparable.

Management Team

Fathom Nickel has assembled a best-in-class leadership team consisting of highly qualified industry professionals with deep knowledge and understanding of the mineral exploration industry and capital markets.

Ian Fraser, P.Geo., is CEO, VP Exploration and Co-Founder of Fathom Nickel. He has more than 35 years of experience in mineral exploration, as well as managing and implementing exploration projects in Canada and internationally. His experience includes resource interpretation and development of the Casa Berardi Gold Mine and Komis Gold Mine, as well as the Cisneros Gold Mine in Colombia.

Doug Porter, CPA, CA, CBV, is President, CFO and Director of Fathom Nickel. He is a senior financial and accounting executive with specific emphasis in resource company management. His career includes positions with Elan Coal Ltd., Altitude Resources Ltd. and StimWrx Oilfield Services Ltd.

Fathom Nickel Inc. (OTCQB: FNICF), closed Sunday's trading session at $0.078, up 11.5082%, on 54,500 volume. The average volume for the last 3 months is and the stock's 52-week low/high is $0.0567/$0.2634.

Recent News

FuelPositive Corp. (TSX.V: NHHH) (OTC: NHHHF)

The QualityStocks Daily Newsletter would like to spotlight FuelPositive Corp. (NHHHF).

FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a leading green ammonia company, has filed a provisional patent for its new green aqueous ammonia add-on module systems: the FP300A and FP1500A. According to the announcement, once the new module systems are commercialized, farmers will be able to use them in conjunction with their FuelPositive on-farm systems to independently produce green aqueous ammonia fertilizer onsite; the fertilizer will cost less and will produce lower greenhouse gas ("GHG") than methods currently used. The add-on model can produce both green anhydrous ammonia and green aqueous ammonia fertilizers, and farmers can select their own fertilizer PH balance as well as their own green aqueous ammonia concentrations, from 5% to 30%. The updated modules — FP300A and FP1500A — use the same heating and cooling systems as the FP300 and FP1500 systems, ensuring a streamlined and efficient process.

The company also noted that green aqueous ammonia requires fewer storage and handling safeguards than green anhydrous ammonia, making it more accessible to a broader range of agricultural applications. In addition, the company reported that it remains on track to meet the April 15, 2024, target date for its FP300 system, the world's first containerized green anhydrous ammonia system, to be delivered. "We anticipate having the first green aqueous ammonia module pilot ready this fall, and I'm thrilled that we can provide more smart fertilizer options to farmers and other customers," said FuelPositive chief technology officer and board director Nelson Leite in the press release. "This technology milestone marks a new phase in FuelPositive's evolution and sets a new standard in the agricultural market, making affordable green aqueous ammonia accessible to more farmers."

To view the full press release, visit https://ibn.fm/y15zX

FuelPositive Corp. (TSX.V: NHHH) (OTC: NHHHF) is a growth stage company focused on licensing, partnership and acquisition opportunities building upon various technological achievements. The company is committed to providing commercially viable and sustainable clean energy solutions, including carbon-free ammonia (NH3), for use across a broad spectrum of industries and applications.

FuelPositive is headquartered in Toronto, Canada.

Hydrogen Economy Problems and FuelPositive’s Carbon-Free Technology

The hydrogen economy is currently facing many challenges. Traditional NH3 manufacturing exists on a massive scale, but centralized facilities result in some of the world’s most concentrated CO2 emissions. In total, an estimated 200 million metric tonnes of NH3 are consumed each year, with greater than 80% utilized by the agricultural sector. NH3 is also being positioned as a viable alternative to fossil fuels.

FuelPositive’s flagship carbon-free ammonia technology provides an innovative solution to these environmental concerns. Developed by Dr. Ibrahim Dincer and his team, the company’s platform allows for the in-situ production of NH3 in an entirely sustainable manner, using only water, air and sustainable electricity.

The production of hydrogen is energy intensive, but it is just one variable hindering the growth of the hydrogen economy. Other hurdles include:

  • Storage – The storage of hydrogen by compression or liquification are both cost prohibitive and unsustainable.
  • Distribution – The distribution network for effective hydrogen deployment has yet to be developed, as the extreme high-pressure distribution requirements to transport hydrogen would result in enormous infrastructure costs.
  • End Use – R&D on the transportation-related end use applications for hydrogen is in its infancy, but almost any vehicle on the road today can be easily converted to run on NH3 at a considerably lower cost per mile traveled when compared to traditional fossil fuels.

A key benefit of FuelPositive’s patent-pending, first-of-its-kind carbon-free NH3 technology is its flexibility. The process allows for small, medium or large-scale production of NH3 on location, minimizing or even eliminating the challenges and volatility associated with storage and transportation to end use. As such, with an appropriately sized FuelPositive system and access to renewable energy, the end use applications for the company’s platform are nearly infinite.

Manufacturing Partnership

On May 19, 2021, FuelPositive announced its selection of National Compressed Air Canada Ltd. (“NCA”) to undertake manufacturing of the company’s Phase 2 hydrogen-ammonia synthesizer commercial prototype systems for carbon-free ammonia production.

In a news release detailing the partnership, FuelPositive CEO Ian Clifford noted, “This critical milestone for FuelPositive will confirm the broad application potential for our technology and is the backbone of our Carbon-Free Hydrogen-NH3 offering. Partnering with the knowledgeable and experienced team at NCA on this commercialization project will bring our development-stage program to life.”

Global Ammonia Market Outlook

The global ammonia market was valued at $52.71 billion in 2017 and is forecast to reach $81.42 billion by 2025, growing at a CAGR of 5.59%, according to data from Fior Markets (https://ibn.fm/1OfOB).

The agricultural industry consumes more than 80% of global NH3. Smaller percentages can be attributed to the waste, water treatment, refrigerants, antiseptic, textile, mining and pharmaceutical industries.

One of the most polluting industries on the planet consists of conventional agribusinesses. These polluters are responsible for more greenhouse emissions per year than transportation. This is where FuelPositive’s technology is expected to be extremely beneficial.

Management Team

Ian Clifford is Director, CEO and Founder of FuelPositive Corp. He has over 25 years of experience in the fields of technology and marketing and has successfully led the company to global brand recognition through its unique energy solutions. Since 2006, Mr. Clifford has raised over $50 million in equity financing for FuelPositive. He also co-founded digIT Interactive, a full-service internet marketing company serving Fortune 500 clients, which he sold at the peak of the market in 2000.

Greg Gooch serves as a Director and President of FuelPositive. His multifaceted career in the electronics and finance industries has positioned him as a key advisor and funding partner to start-ups and new technology companies for over 40 years. Mr. Gooch has been involved with FuelPositive since its early days and has remained a significant supporter and consultant to the company over the years. He has a bachelor’s from McGill University and an MBA from the University of Western Ontario.

Dr. Ibrahim Dincer is a scientific advisor to FuelPositive and is recognized as a pioneer and international leader in the area of sustainable energy technologies. Along with his team, Dr. Dincer invented the modular carbon-free ammonia (NH3) production technology that FuelPositive is commercializing. His area of specialty covers various topics including ammonia, hydrogen energy and fuel cells; renewable energy systems; energy storage systems and applications; carbon capturing technologies, and integrated and hybrid energy systems He is currently managing an exemplary team of researchers in this commercialization project.

Marek Warunkiewicz is the company’s Communications & Branding Specialist. He brings more than 40 years of entrepreneurial expertise to the FuelPositive team, having held marketing, branding, advertising, project management and graphic design positions with various companies. Mr. Warunkiewicz has successfully created business-to-business marketing and advertising campaigns for a diverse group of clients ranging from high-tech to agriculture. He co-founded digIT Interactive and ZENN Motor Company alongside Ian Clifford.

Luna Clifford is the Director of Communications for FuelPositive. She has over 10 years of experience as a business owner and advisor, helping build and operate several successful start-up enterprises while managing complex stakeholder relationships. Ms. Clifford excels in strategic planning and team building, and she has completed extensive studies in the fields of communications and health care.

FuelPositive Corp. (NHHHF), closed Sunday's trading session at $0.0433, up 17.3442%, on 1,370,226 volume. The average volume for the last 3 months is and the stock's 52-week low/high is $0.03/$0.1068.

Recent News

Coyuchi Inc.

The QualityStocks Daily Newsletter would like to spotlight Coyuchi Inc.

Despite making significant progress over the past several years, the environmental, social and governance ("ESG") space still faces significant challenges in heavy industry financing. ESG considerations are a set of standards that investors use to analyze a company's social and environmental impact before deciding on their investment strategy. Given the major role institutional and large investors play in determining the success of companies and entire industries, incorporating ESG into financing strategies is a great way to encourage the corporate adoption of clean energy. Unfortunately, heavy industries such as oil and gas, petrochemicals and steel face plenty of unique challenges that make it incredibly difficult for them to incorporate electrification and environmentally friendly practices into their operations. As such, heavy industries typically tackle greenhouse-gas emissions via technologies such as clean hydrogen as well as carbon capture, utilization and storage. As efforts are directed toward making ESG considerations workable within heavy industry, luxury goods makers such as Coyuchi Inc. are making headway in implementing ESG principles in a way that is clearly verifiable.

Coyuchi is the gold standard in sustainable luxury home goods. The company offers sustainably produced luxury organic bedding, sheets, towels, apparel, and other home goods for the environmentally conscious home. With a timeless, coastal-inspired aesthetic, Coyuchi uses only 100% organic cotton materials to manufacture all of its textiles.

The Company was built upon four foundational pillars: protect the planet, innovate circular design, live sustainably, and enrich the community. These guiding principles have proven an effective market strategy. In 2021, Coyuchi earned $33.3 million in net sales, amounting to 26% YoY growth (the industry average is only 5%). It also experienced 2x customer growth to 200,000 active customers, averaging a 35% customer repeat purchase rate.

With a seasoned leadership team, a robust e-commerce shopping experience, and a healthy customer base that drives the fast-growing organic luxury market, Coyuchi is prepared to propel a new phase of growth as the rest of the world finally awakens to sustainability at scale.

A Lucrative Market Ripe for the Taking

The global market for organic bedding, which was estimated at $814.3 million in 2020, is projected to reach $1.1 billion by 2027, growing at a CAGR of 4.9% over that period, according to Research and Markets. More specifically, the domestic organic bedding market is estimated at $240.1 million in 2020, according to Statista. Overall, the U.S. market for home textiles is currently valued at $25 billion annually, and, with a forecast annual growth rate of 5%, it is expected to reach $30 billion by the end of 2025.

Grand View Research reported in 2020 that shifting consumer preference toward high-end lifestyle products is a key factor driving the growth of the organic bedding market. Seventy-four percent of consumers are willing to pay more for sustainable products – a consumer preference that has steadily increased over the last few decades. Millennials especially favor ethical consumption over price when purchasing goods and services, with 83% of millennials reporting that they want the brands they purchase from to align with their beliefs and values (https://ibn.fm/PANNV). With a majority millennial customer base, Coyuchi is poised to capitalize on this trend.

Industry Defining Sustainability Practices

For 30 years, Coyuchi has explored organic farming and sustainable textiles and guarantees the highest environmental and ethical standards through a number of certifications such as The Global Organic Textile Standard (GOTS), Fair Trade Certified, and MADE SAFE®.

Coyuchi continues to push the organic textile market forward through its circularity initiatives and by supporting cross-industry sustainability advocates. Coyuchi’s mission to bring beauty and comfort to every home without sacrificing the health of our planet has resulted in a number of important sustainability checks and balances.

  • A Circular Business Model: Coyuchi has cultivated a holistic 360-degree approach that contributes to the fight against climate change with its take back and recycling program, 2nd Home™. In 2017, it became the first luxury home brand to implement such an initiative, and, since then, the company has eliminated 68,758 lbs. of toxic chemicals from homes and renewed 6,000 lbs. of textiles.
  • The Coyuchi Climate Council: In early 2022, Coyuchi introduced a cross-disciplinary council with a goal of Net Zero Emissions by 2025 and Net Positive Emissions by 2030. The Coyuchi Climate Council brings together influential minds across fashion, regenerative farming, and sustainability who have the knowledge and experience necessary to achieve climate change.
  • C4: The California Cotton & Climate Coalition: Most recently, Coyuchi announced it is a founding member of C4, which includes innovative, sustainable fashion, apparel, and personal care brands like MATE the Label, Outerknown, Reformation, and Trace. Working together pre-competitively, C4 creates a structure for investing in regionally grown, Climate Beneficial™ cotton and directly supports the livelihoods of the farmers that grew it. Coyuchi is the only home industry brand currently involved in the project.

Omnichannel Business Model

Coyuchi differentiates itself through an omnichannel and circular business model, both of which have proven a clear draw for customers. It was an early adopter of an e-commerce sales and marketing approach (over 80% of its sales are directly through coyuchi.com), creating a distinct advantage over incumbents and start-up newcomers in the luxury space. This has resulted in a high lifetime value customer, luxury retail partners such as Nordstrom, and a flagship store in Marin County.

Coyuchi’s Organic Textile Products

Coyuchi’s product assortment consists of consciously designed bedding, bath, apparel, and lifestyle products spread across about 1,400 SKUs. The company believes that its product assortment, produced from 100% organic cotton with Global Organic Textile Standard (GOTS) certification, provides it with a significant competitive advantage. GOTS is the world’s leading textile processing standard for organic fibers, ensuring the organic status of textiles after harvesting raw materials through environmentally and socially responsible manufacturing all the way to labeling, a major environmental and social benefit over conventional cotton product production.

Coyuchi’s focused product assortment consists of four core categories:

  • Bedding – A full suite of sustainable, organic, and high-quality sheets, duvet covers, blankets, and throws.
  • Bath – A luxurious line of towels, bath rugs, and mats.
  • Apparel – Premium apparel for men and women, including robes, sweaters, pants, and pajamas.
  • Lifestyle – The lifestyle category offers 135 SKUs, from organic napkins to crossbody totes.

Management Team

Eileen Mockus is President and CEO at Coyuchi. She has more than 25 years of experience in retail, having held positions in textile development at Patagonia, Pottery Barn Teen, and The North Face. She earned a bachelor’s degree in textiles and clothing from UC Davis and an MSBA from San Francisco State University.
Sejal Solanki is Chief Marketing Officer at Coyuchi. She previously served as the company’s Vice President of E-Commerce. Before joining Coyuchi, she worked at teen clothing giant Charlotte Russe. She oversees the company’s digital marketing, site experience, brand marketing, and e-commerce strategy.

Marcus Chung is Coyuchi’s COO, overseeing supply chain, sourcing strategy, sustainability, and IT. He previously held positions at notable direct-to-consumer brands Third Love and Stitch Fix, as well as national retailer The Children’s Place. He holds a bachelor’s degree from Wesleyan University and an MBA from UC Berkeley’s Haas School of Business.

Margot Lyons is Director of Sustainability and Sourcing at Coyuchi, where she works with strategic partners to ensure all the company’s product sustainability standards are met. She received a master’s degree in textiles and clothing from UC Davis.

Use of Proceeds

This round of funding will be used to increase Coyuchi’s enterprise value through expanded marketing, product category expansion, continued physical presence, and B2B strategic partnerships with wholesalers, and online marketplaces.

Recent News

chart

Correlate Energy Corp. (OTCQB: CIPI)

The QualityStocks Daily Newsletter would like to spotlight Correlate Energy Corp. (OTCQB: CIPI).

Correlate (OTCQB: CIPI), a tech-enabled development, finance and fulfillment platform for distributed energy solutions across North America, is positioned as as demand for resilient, clean energy continues to trend in the United States. Amidst this backdrop, the company is seeing an increasing number of corporate clients partnering with its microgrid and clean energy strategies. "Correlate Energy recently completed the emission-reduction installation of a large rooftop solar power facility at Illinois' Continental Envelope manufacturing plant, reducing Continental's anticipated energy costs in the process… An Accesswire report noted that other recent client contracts include a 3.8 megawatt (‘MW') installation for the global headquarters of EnerSys, a 5.2 MW expansion of work for Green Bridge Energy, and other projects for American Tire Distributors Holdings Inc. and Kyocera Corp," a recent article reads. "Correlate also announced a partnership with Carbonsight (by Autocase), an online decarbonization planning tool for real estate portfolios. The agreement is designed to help building portfolio managers organize the relevant data for improving their green footprints, establishing potential CO2-reducing solutions and visualizing the scenarios for achieving their emission-reduction goals. ‘We are creating a powerful synergy that empowers businesses to navigate the transition to a low-carbon future with confidence,' Correlate CEO Todd Michaels stated."

To view the full article, visit https://ibn.fm/8EWBd

Correlate Energy Corp. (OTCQB: CIPI) is a publicly-traded company strategically positioned to capitalize on America’s unstoppable trend toward decentralized energy generation.

The energy grid in the U.S. is insufficient for the booming clean energy trend, and current infrastructure is limiting green energy distribution. Constructing the needed infrastructure to address this demand imbalance will cost billions and be far too slow, positioning decentralized systems, like those on offer from Correlate, in a key position for heightened demand.

Correlate has identified several key economic drivers powering the decentralized energy trend, including:

  1. Real Cost Savings – Customer pays zero money down and gets an instant electrical price discount to current rates.
  2. Massive Project Investment Funding – The International Energy Agency estimates that over one billion dollars per day will be invested in solar energy in 2023.
  3. Consistent Long-Term Incentives – The Inflation Reduction Act is a game-changer, supercharging renewables with $1.2 trillion in tax credits for 10 years of market support.
  4. Robust Customer Demand – Wood Mackenzie expects the U.S. solar industry to nearly triple in size over the next five years.

Correlate’s team of multi-decade experts who have worked with renowned global brands are positioning the company to make the most of this opportunity while consolidating a fragmented industry. Collectively, the team has developed, financed and deployed over $2 billion in clean energy projects to date.

Three-Pronged Strategy

Correlate is leveraging a three-pronged strategy aimed at driving shareholder value:

  1. Sell – Correlate seeks to finance, develop and profitably sell localized clean energy solutions and microgrids to industrial, commercial and residential customers.
  2. Retain – Correlate plans to retain ownership of some of these energy systems and thereby realize ongoing, reliable cash flow.
  3. Acquire – Correlate seeks to acquire proven renewable energy companies in order to exponentially grow earnings per share for investors.

This strategy is enhanced by current investment trends. Clean energy earnings are being sought after by investors. In Q4 2022, the median EBITDA multiple for green energy companies was 12.3x, according to Finerva.

Market Outlook

Over the next decade and beyond, renewable energy growth is expected to come primarily via decentralized systems like those offered by Correlate.
The Inflation Reduction Act enacted in late August 2022 is likewise expected to drive growth for the company by providing new tax incentives that reduce costs for clients and/or elevate returns to investors.

Commercial buildings consume more than 35% of the generated electricity in the U.S. and are underperforming in energy efficiency at every level. These buildings waste energy, emit too much carbon and are too costly for owners and occupants, but retrofits are not happening at the rate or scale needed.

In today’s real estate market, portfolio property owners own most commercial buildings, yet most building efficiency work is focused on single buildings, thereby missing the distinct needs of this owner class which are very different from traditional owner-occupiers. The diverse nature of commercial buildings, combined with technology and performance uncertainty, make simple energy optimization initiatives – which could greatly reduce energy use and improve building value – financially unattractive, resulting in slow adoption rates. CIPI’s financial instruments and software breakdown this issue, known as the ‘split incentive’, unlocking the majority of the addressable market.

A key portion of Correlate’s strategy relates to consolidation of what has been a fragmented industry. By uncovering opportunities to improve efficiencies through strategic M&A activities, the company intends to enhance profitability throughout its operations.

Management Team

Todd Michaels is President and CEO of CIPI and founder of Correlate. He formerly served as Vice President for Innovation at SunEdison and Senior Director Distributed Solar at NRG Energy. He founded Correlate in 2015 and has 16 years of experience in the energy industry. He graduated from Indiana University with a B.S. in Computer Information Systems.

Channing Chen is CFO at CIPI and Correlate Inc. and brings over 16 years of experience in the solar industry as a developer, financier, and business unit leader. He has held executive management roles at Solar Power Partners (acquired by NRG Energy), where he was a founding employee, SunEdison, and NRG Energy (NYSE: NRG). Most recently, Mr. Chen was founder and Managing Partner at Breakaway Energy Partners LLC – a distributed energy financing and market-making platform. To date, Mr. Chen and his teams have raised over $1.5 billion in financing across residential, commercial, and utility scale solar and energy storage projects representing over 400 MWs. He holds a B.A. in Environmental Chemistry from the University of California at San Diego and an MBA from the University of Southern California. He is also an advisor and early-stage investor to several startup companies in the renewable energy space.

Dave Bailey is Chief Revenue Officer of Correlate Inc. With over 15 years of executive sales, supply chain management, and energy efficiency experience, he is responsible for ensuring the success of the National Commercial Sales Unit across multiple regional project teams. Mr. Bailey created and launched the Transformation Services team while at Wesco for its multibillion-dollar Distributed Energy Resource division, formerly Westinghouse. His focus was on IoT-enabled efficiency and plant floor automation-based services. Before that, he spent several years in Global Account Sales Management, with GE Supply as a Program Manager, and is a Commercial Leadership Program graduate. Mr. Bailey received his B.S. in Mechanical Engineering from the University of Kentucky.

Jed Freedlander is the company’s Chief Development Officer. He has a background in infrastructure development and investment and a strong legal, commercial and finance acumen. Mr. Freedlander has a proven track record in leading complex public-private partnership (P3) and energy transactions and is instrumental in driving Correlate’s strategic development initiatives.

Roger Baum is Executive VP Operations at Correlate. With over 20 years of experience at Core Construction, he brings to the company a wealth of knowledge and a strong track record in delivering successful commercial construction projects.

Jason Loyet is Director of Solar Energy for Correlate Inc. He is a cleantech executive with over 20 years of experience leading high growth solar energy and software start-ups. Mr. Loyet is a U.S. Department of Energy SunShot Catalyst award winner for his work building the Solar Site Design technology platform. Before joining the solar energy industry in 2005, he founded and sold two software companies in the streaming media (GlobalStreams) and newspaper publishing (MyCapture) industries. Mr. Loyet currently serves as a Member of the Board of Directors for the Tennessee Solar Energy Industry Association (TenneSEIA).

Correlate Energy Corp. (OTCQB: CIPI), closed Sunday's trading session at $1.44, even for the day, on 25 volume. The average volume for the last 3 months is and the stock's 52-week low/high is $0.3501/$2.35.

Recent News

Scinai Immunotherapeutics Ltd. (NASDAQ: SCNI)

The QualityStocks Daily Newsletter would like to spotlight Scinai Immunotherapeutics Ltd. (NASDAQ: SCNI).

New research has found genes that could help forecast how non-small cell lung cancer may respond to a treatment combination of low-dose radiation and immunotherapy. The researchers explained that these genes could help identify tumors that were more likely to be destroyed by immunotherapies. Immunotherapies work by activating an individual's immune system to fight the cancer. Despite saving numerous lives, however, only about 25% of patients respond to it. Authors involved in the study include Dr. Timothy E. McGraw, a professor of biochemistry in cardiothoracic surgery, and Dr. Nasser K. Altorki, a professor of cardiothoracic surgery and leader of the Sandra and Edward Meyer Cancer Center's Experimental therapeutics program. As more information becomes known about the mechanisms through which tumors develop and spread, immunotherapies being developed by entities such as Scinai Immunotherapeutics Ltd. (NASDAQ: SCNI) could help more patients and improve the clinical outcomes of those who use these treatments.

Scinai Immunotherapeutics Ltd. (NASDAQ: SCNI) is a biotechnology company focused on developing, manufacturing, and commercializing innovative immunotherapeutic products primarily for the treatment of infectious diseases and autoimmune diseases.

In collaboration with the prestigious Max Planck Institute for Multidisciplinary Sciences (MPG) and the University Medical Center Göttingen (UMG), both in Germany, Scinai is developing a pipeline of innovative nanosized antibody (NanoAb) therapies addressing diseases underserved by current treatments and with large and growing markets, such as COVID-19, asthma and psoriasis.

NanoAbs, also known as VHH-antibodies or Nanobodies, are alpaca-derived nanosized antibodies that exhibit multiple significant competitive advantages over existing antibody therapies, including stability at high temperatures, superior binding affinity, more effective and convenient routes of administration and efficient production. Scinai is uniquely positioned to advance nanosized antibody innovation from R&D through commercialization.

The company’s highly experienced and successful pharmaceutical industry leadership team includes former senior executives from Novartis, GSK and Bristol-Myers Squibb.

Since its founding, Scinai has executed eight clinical trials, including a seven-country, 12,400-participant Phase 3 trial of a prior influenza vaccine candidate, and it built, owns and operates a 20,000 sq. ft. state-of-the-art GMP biologics manufacturing facility housing its laboratories, production facilities and offices.

Lead Candidate: Inhaled COVID-19 NanoAb

In December 2021, Scinai signed definitive agreements with the Max Planck Society – parent organization of the Max Planck Institute for Multidisciplinary Sciences– and the UMG to enter a strategic collaboration for the development and commercialization of innovative COVID-19 NanoAbs.

The company is planning a rapid development path that leverages its expertise and capabilities in biological drug development and manufacturing. Scinai anticipates preclinical proof-of-concept results for an inhaled COVID-19 NanoAb by the end of 2022, with initial Phase 1/2a human clinical trial results expected in 2023.

The intended inhaled mechanism of delivery of Scinai’s COVID-19 NanoAb formulation may serve as a significant differentiator when compared to approved monoclonal antibodies, which are injected. Inhaled delivery has shown to be cheaper, more convenient and likely safer for patients and providers.

NanoAb Pipeline: Psoriasis, Asthma and More

The COVID-19 NanoAb development agreement is part of a broader five-year research collaboration agreement signed in March 2022 covering discovery, development and commercialization of NanoAbs for several other disease indications with large market medical needs, including asthma, psoriasis, macular degeneration and psoriatic arthritis.

Scinai has an exclusive worldwide license for development and commercialization of COVID-19 NanoAbs and exclusive options for similar worldwide licenses for NanoAbs for the above mentioned additional large market disorders currently underserved by approved therapeutic antibodies.

Academic research teams from MPG and UMG have verified strong affinity by the new NanoAbs to their biological target molecules and high thermostability. They have also demonstrated strong neutralization by several NanoAb candidates of their respective target molecules. Neutralization studies of the other NanoAbs are expected to begin later in 2022.

Based on the promising results, Scinai will focus development efforts beginning with the following NanoAbs:

  • NanoAbs targeting IL-17 as drug candidates for the potential treatment of psoriasis and psoriatic arthritis
  • NanoAbs targeting IL-13 and NanoAbs targeting TSLP as drug candidates for the potential treatment of asthma

These are conditions for which the antibody target is validated by existing treatments and the mechanism of action is well understood. Both represent large medical needs and growing markets. Scinai anticipates preclinical proof-of-concept for at least one of these NanoAbs in 2023. This is in addition to the aforementioned human clinical Phase 1/2a for the inhaled COVID-19 NanoAb therapy, which is also anticipated in 2023.

CDMO Services

While NanoAb pipeline development is Scinai’s core focus, the company also offers its cGMP manufacturing facility, aseptic fill and finish suite, laboratories and experienced professionals for contract development and manufacturing organization (CDMO) services. This offering is designed to keep the Scinai team abreast of the latest industry developments and trends while building experience and generating revenue to support the company’s NanoAb pipeline development.

Market Opportunity

COVID-19 treatment, target of the company’s lead NanoAb therapy candidate, had an estimated market size of $22 billion in 2021.

Future Scinai drug candidates will target conditions with large markets growing at attractive CAGRs.

The global asthma treatment market was valued at $18.08 billion in 2019 and is projected to reach $26.01 billion by 2027, exhibiting a CAGR of 4.5% during the forecast period, according to Fortune Business Insights. The research firm predicts that the global psoriasis treatment market will grow from $26.37 billion in 2022 to $47.24 billion by 2029, exhibiting a CAGR of 8.7% over the forecast period.

Management Team

Amir Reichman is Scinai’s CEO. He previously was Head of Global Vaccines Engineering Core Technologies at GSK Vaccines in Belgium. Prior to that, he held leadership roles at Novartis Vaccines’ Global Vaccines Supply Chain Management organization. He was the first employee of NeuroDerm Ltd., a company focused on transdermal drug delivery, and served as Senior Scientist until his departure in 2009. He earned a M.Sc. in Biotechnology Engineering from Ben-Gurion University and an MBA in Finance and Health Care Management from the University of Pennsylvania’s Wharton School.

Tamar Ben-Yedidia, Ph.D., is Chief Science Officer at Scinai. She has more than 30 years of experience in immunology, with specific expertise in the development of vaccines. She began her career with Biotechnology General Ltd., working on development of a recombinant Hepatitis-B vaccine. She later joined the Weizmann Institute of Science, working on the design of a peptide-based vaccine against several pathogens. She is widely published, with numerous refereed articles and invited reviews in various scientific journals. She received her Ph.D. from the Weizmann Institute.

Elad Mark is COO at Scinai. He has over 15 years of biotechnology industry experience encompassing diverse project stages including feasibility studies, conceptual and detailed design, commissioning, qualification and process validation. Prior to joining Scinai, he led Novartis’s $800 million investment in a biologics facility in Singapore. With Biopharmax and Antero, both global pharmaceutical engineering companies, he successfully led projects in Israel, China and Singapore. He holds a BSc. in Engineering from the Afeka Tel Aviv Academic College of Engineering and an MBA from the Open University of Israel.

Uri Ben-Or is CFO at Scinai. He has served as CFO with public life science companies traded on the TASE, OTC and Nasdaq. Ben-Or provides his services to Scinai through CFO Direct, a company he founded and for which he serves as CEO. He served as the VP of Finance of Glycominds, a leading biotechnology company, and as CFO of a spin-off from Telrad Networks. He also served as a Corporate Controller at Menorah Capital Markets and as an Auditor at PWC. He holds a B.A. in Business from the College of Administration, an MBA from Bar-Ilan University, and is a CPA.

Scinai Immunotherapeutics Ltd. (NASDAQ: SCNI), closed Sunday's trading session at $0.5162, off by 0.730769%, on 13,881 volume. The average volume for the last 3 months is and the stock's 52-week low/high is $0.46/$2.44.

Recent News

SuperCom Ltd. (NASDAQ: SPCB)

The QualityStocks Daily Newsletter would like to spotlight SuperCom Ltd. (NASDAQ: SPCB) .

SuperCom, a global leading provider of traditional and digital identity solutions, expects a growth in the demand for EM solutions and services as calls for public safety increase

This follows the ongoing conversations on EM's benefits against a backdrop of the growing cases of domestic violence

Bills, such as the Debbie and Marie Domestic Violence Protection Act, demonstrate the growing realization of EM's benefits and the role they can play in improving the safety of violence victims

SuperCom has positioned itself as a leading brand for EM solutions, and with its tried and tested range of products, it expects an uptick in demand with time

SuperCom (NASDAQ: SPCB), a global leading provider of traditional and digital identity solutions offering advanced safety, identification, and security products and solutions to governments, continues to advocate for its electronic monitoring ("EM") solutions, specifically for offenders of domestic violence. This comes in the wake of the ongoing conversation on its benefits against growing cases of domestic violence and deaths associated with it.

SuperCom Ltd. (NASDAQ: SPCB) provides secured solutions for the e-government, IoT and cybersecurity sectors. Since 1988, the company has been a trusted global provider of traditional and digital identity offerings, providing cutting-edge electronic and digital security solutions to governments and organizations, both private and public, around the world.

SuperCom’s mission is to revolutionize the public safety sector worldwide through proprietary electronic monitoring technology, data intelligence, and complementary services.

The company is headquartered in Tel Aviv, Israel, with offices in California and other regions in the U.S.

Business Units

IoT and Connectivity

SuperCom IoT products and solutions provide advanced electronic monitoring solutions and services to criminal justice agencies, enabling customers to detect unauthorized movement of people, vehicles, and other monitored objects. The company provides an all-in-one, field-proven PureSecurity offender monitoring suite, accompanied by services such as GPS monitoring, home detention, domestic violence prevention, and more. The company’s services are specifically tailored to meet each client’s needs.

SuperCom’s proprietary Puresecurity suite of hardware, connectivity, and software components is the foundation for its criminal justice services and offerings. SuperCom is leveraging its extensive technology expertise to implement groundbreaking artificial intelligence (AI) technologies into various parts of its core offerings. By leveraging the power of AI, SuperCom’s PureSecurity platform can offer new abilities, such as amplified data analysis, predictive modeling, and streamlined automation – all geared toward optimizing decision-making and operational efficiency.

Competitive advantages of SuperCom’s technology include:

  • Long Battery Life (No Tag Charging Required)
  • Ultra Lightweight Form Factor
  • Next-Gen Location Tech
  • Protection of Domestic Violence Victims
  • And More

 

Cybersecurity

In 2015, SuperCom identified the cybersecurity market as a fast-growing space with significant advantages due to synergistic technologies and a shared customer base with its e-Gov and IoT business units. Consequently, SuperCom strategically acquired Prevision Ltd., a company with a strong presence in the market and a broad range of competitive cybersecurity services.

During the first quarter of 2016, SuperCom acquired Safend Ltd., an international provider of cutting-edge endpoint data protection guarding against corporate data loss and theft through content discovery and inspection, encryption methodologies, and comprehensive device and port control.

Both acquisitions significantly expanded the breadth of the company’s global cybersecurity capabilities.

e-Gov

Through proprietary e-government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance, and border control services, SuperCom has helped governments, and national agencies design and issue secured multi-identification, or Multi-ID, documents and robust digital identity solutions to their citizens, visitors, and lands.

The company has focused on expanding its activities in the traditional identification, or ID, and electronic identification, or e-Gov, markets, including the design, development, and marketing of identification technologies and solutions to governments in Europe, Asia, America, and Africa using SuperCom’s e-Government platforms.

Market Opportunity

Data from Berg Insight estimates the market for electronic monitoring solutions will grow from $1.2 billion in 2021 to $2.1 billion in 2026, marking a CAGR of 10.8% for the forecast period.

High recidivism rates, prison overcrowding, and soaring incarceration costs are some factors that are driving the electronic monitoring of offenders’ market growth.

An analysis by ReportLinker forecasts that the global cybersecurity market will grow from an estimated value of $173.5 billion in 2022 to $266.2 billion by 2027, achieving a CAGR of 8.9% for the period.

The increased number of data breaches worldwide, the ability of malicious actors to operate from anywhere in the world, the links between cyberspace and physical systems, and the difficulty of reducing vulnerabilities and consequences in complex cyber networks are some factors driving the cybersecurity market growth.

Management Team

Ordan Trabelsi is President and CEO of SuperCom. He has over 15 years of experience as CEO, growing high-tech companies globally. He also has experience in research and development and product innovation, as well as hands-on experience in cybersecurity, encryption, advanced mathematics, and mobile and internet network technologies. Prior to joining SuperCom, he served as co-founder and CEO of Klikot Inc., a global social networking company. He holds an MBA from Columbia University and a B.Sc. in Computer Engineering from The Technion: Israel Institute of Technology.

Barak Trabelsi is COO of SuperCom. He has expertise in big data, cyber, mobile, and internet network technologies, as well as extensive experience in product development and strategies. Prior to joining SuperCom, he served as Senior Product Manager at Equinox Ltd. Before that, he served for four years as VP of R&D at Sigma Wave, a wireless, security, and internet-focused company. He holds a B.Sc. in Computer Science and Business, as well as an MBA from Tel Aviv University.

Gil Alfi is VP of Sales at Safend Ltd., SuperCom’s cybersecurity subsidiary. He joined SuperCom in 2016 as VP of Business Development for Safend. He has more than 18 years of experience in technology companies. He served as an R&D team technology lead for more than seven years and as Director of Product Management for various telecom and wireless companies for more than 10 years. Prior to joining SuperCom, he served as Regional Sales Director at Safend, managing sales regions in Europe and Africa. He holds a B.Sc. in Computer Science and Mathematics and an M.Sc. in Computer Science from Bar-Ilan University.

SuperCom Ltd. (NASDAQ: SPCB), closed Sunday's trading session at $0.1688, off by 0.764256%, on 302,446 volume. The average volume for the last 3 months is and the stock's 52-week low/high is $0.1524/$1.6399.

Recent News

GolfLync Inc.

The QualityStocks Daily Newsletter would like to spotlight GolfLync Inc.

GolfLync Inc. matches golfers looking for a game through the company’s smartphone app, GolfLync. The company bills GolfLync as “the social network for golfers,” matching golf games and players similar to the way a dating app matches those looking for romance.

The app allows like-minded golfers to connect for a game simply by logging in. GolfLync helps golfers who are looking to grow their golf network find other players with similar interests and on course preferences. Whether you have recently moved to a new area and are looking for new golfing buddies, travel frequently and would like to play a round of golf while on the road, or just want to meet new golfers in your area, GolfLync is your answer. Spouses who enjoy golfing together can find other golfing couples to tee it up with. For a regular group that finds itself unexpectedly down a player, GolfLync can help find that last-minute addition to complete the foursome.

The company is based in Scottsdale, Arizona.

GolfLync App

GolfLync was created for golfers of all skill levels and preferences to connect with compatible players of similar skill. Golfers can find a tee time through GolfLync, join existing tee times and create new leagues. The app allows golfers to meet fellow players before committing to spend four hours on the course with them. GolfLync allows users to find new golf friends based on their preferences, such as walking or riding a cart, listening to music, friendly wagering, imbibing a favorite beverage at the 19th Hole and more. GolfLync is available for both Android and iOS as a free download.

Download on Apple App Store   Get it on Google Play

Market Opportunity

According to a report by Statista, a leading provider of market and consumer data, in 2022, the number of people participating in golf in the United States reached 25.6 million, with 15.5 million additional players participating in off-course activities like driving ranges. In 2020, over 502 million rounds of golf were played in the U.S. alone. The game, traditionally dominated by male players, is changing, with increased interest from women golfers driven by social media influencers around the game.

Lumen Sports puts the total number of golf courses in the U.S. at more than 16,700. According to Lumen, about 75% of those are public courses open to all golfers, with the rest considered private golf clubs that require a membership.

 

Management Team

Noah DiPasquale is a co-founder and CEO of GolfLync Inc., leading the marketing and operations of the platform. He is also the founder and CEO of Epic Golf Club, a premier national membership and private golf society which partners with hundreds of top tier private golf clubs allowing Epic members access to their courses and recently founded the Epic Foundation, a Scottsdale-based 501c3. He holds a B.S. in Business Administration, Management and Operations from the W.A. Franke College of Business at Northern Arizona University and an MBA in Marketing from the University of Phoenix.

Michael Quiel is a co-founder of GolfLync Inc. and the President of the organization. He leads the application development and research teams. Michael understands how to build successful companies. His deep knowledge of investment banking, finance and building successful business partnerships is unparalleled. He’s an expert at capital formation and growth hacking companies. He has raised over $250 million in capital and taken multiple companies public.

Recent News

chart

Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF)

The QualityStocks Daily Newsletter would like to spotlight Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF).

Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) is a mineral exploration company engaged in advancing precious and base metal deposits in the state of Arizona. Its flagship copper-gold-zinc-silver asset is the Kay Mine Project, located in Yavapai County. The company also owns Sugarloaf Peak gold project in La Paz County.

The company in October 2022 received permit approval from the Bureau of Land Management (BLM) for two new drill pads, located approximately 1,200 meters west of the Kay Mine Deposit. These new pads will allow for testing of the company’s Western Target, while also allowing for drilling of additional coincident anomalies located between the Central and Western Targets. Construction of the drill road for the Central Target (located 500 meters west of the Kay Mine Deposit) is currently underway, with drilling expected to begin in November 2022. Road construction for the Western Target will begin upon confirmation of BLM acceptance of the company’s posted bond, with drilling expected to commence in Q1 2023.

The company is fully funded, with $60 million in cash as of June 30, 2022, to complete the remaining 18,000 meters planned for the Phase 2 program at Kay, as well as an additional 76,000 meters in the Phase 3 program (budgeted at $27 million), which will be used to test the numerous parallel targets heading west of the Kay Deposit, as well as the northern and southern extensions of the Kay Deposit.

Arizona Metals Corp. is based in Toronto, Canada.

Projects

Arizona Metals Corp. owns 100% of the Kay Mine property in Yavapai County, which is located on a combination of patented and BLM claims totaling 1,300 acres that are not subject to any royalties. An historic estimate by Exxon Minerals in 1982 reported a “proven and probable reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8 grams per ton gold, 3.03% zinc, and 55 grams per ton silver.” The historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported by Exxon, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a “qualified person” (as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects) before the historic estimate can be verified and upgraded to be a current mineral resource. A qualified person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource.

The company also owns 100% of the Sugarloaf Peak Property in La Paz County, which is located on 4,400 acres of BLM claims. Sugarloaf is a heap-leach, open-pit target and has a historic estimate of “100 million tons containing 1.5 million ounces (of) gold” at a grade of 0.5 grams per ton. The historic estimate at the Sugarloaf Peak Property was reported by Westworld Resources in 1983. The historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a qualified person before the historic estimate can be verified and upgraded to a current mineral resource. A qualified person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource.

Market Opportunity

The World Gold Council, an industry association representing gold producers with hundreds of mining operations in nearly 50 countries around the world, reports that global demand for gold during the first six months of 2022 was 2,189 tons, a 12% increase in demand over the same period in 2021. Demand came primarily from gold bar and coin investors, jewelry consumers, central bank purchases to bolster currency reserves and technology manufacturing.

The average price per ounce for the period was $1,871, marking a 1% year-over-year increase. The council reported gold mine production for the period was up 3% over 2021 at 1,764 tons. For the remainder of 2022 and into 2023, the council projects flat gold demand with possible slight increases in gold mine production. The council notes that unpredictable geopolitical factors, the Ukraine war for example, and likelihood of global economic slowdown could have significant near-term impact on gold demand and prices.

Management Team

Marc Pais is President and CEO of Arizona Metals. He previously founded and served as President of Telegraph Gold (listed as Castle Mountain Mining), which was acquired by Equinox Gold, a TSX-listed mining company. He has seven years of experience as a Mining Analyst, with a focus on precious metals development companies. He holds a B.Sc. in Geological Engineering (Mineral Exploration) from Queen’s University in Canada.

David Smith is the Vice President, Exploration of Arizona Metals. He has 30 years of global precious metals exploration experience, including codiscovery of the Solidaridad/La Sabila deposit in Mexico with deposits estimated at 1 million ounces of gold. His core areas of expertise are managing mineral projects from acquisition to exploration, resource modeling and mineral project development. He holds an M.Sc. from the University of Oregon and an MBA from Pinchot University/Presidio Graduate School.

Paul Reid is the Executive Chairman of Arizona Metals. He previously founded and served as Executive Chairman of Telegraph Gold (listed as Castle Mountain Mining), which was acquired by Equinox Gold, a TSX-listed mining company. Paul has extensive experience as an Investment Banking professional, involved in raising capital, go-public transactions, and advisory services.

Arizona Metals Corp. (OTCQX: AZMCF), closed Sunday's trading session at $1.36, off by 2.3339%, on 57,686 volume. The average volume for the last 3 months is 118,627 and the stock's 52-week low/high is $1.21/$3.40.

Recent News

Starco Brands Inc. (OTCQB: STCB)

The QualityStocks Daily Newsletter would like to spotlight Starco Brands Inc. (OTCQB: STCB).

Starco Brands Inc. (OTCQB: STCB) is a modern-day invention factory. The company’s unwavering mission is to invent and acquire consumer products and brands with behavior-changing technologies that spark excitement in the everyday.

This consumer product company has grown from a few million dollars in revenue to a current run rate of approximately $67 million in annual revenue in one year.

The company has succeeded by identifying whitespaces in eight core consumer categories and then either: 1) leveraging its internal R&D capabilities and dedicated manufacturing network to invent new technologies and brands or 2) utilizing the management team’s extensive M&A experience to acquire brands that fill the industry void, delighting consumers and retailers alike.

Whether the brand is developed internally or acquired, the company employs a modern marketing playbook to ensure its brands are at the forefront of culture; garnering unprecedented media attention and engagement that supports a robust sales network.

Starco Brands’ core competencies are inventing technologies, acquiring companies, marketing, building trends, pushing awareness, penetrating media (social and otherwise) and executing cutting edge pull-through strategies with a roster of globally recognized celebrities, influencers and media and distribution partners.

A commitment to changing the way people approach everyday activities is innate in the company’s corporate DNA.

The company is based in Santa Monica, California.

Brands

Whereas other consumer products companies are content with evolution, Starco Brands has its mind set on creating a revolution across the industry. From disrupting the spirits industry with Whipshots, the world’s only vodka-infused whipped cream, to Soylent, the original food tech company, Starco Brands is putting the CPG world on notice. Its portfolio of brands includes:

  • Whipshots is a first-of-its-kind alcoholic whipped cream launched in 2021 with celebrity partner Cardi B. Consumers have embraced this boozy concoction, putting it on top of cocktails, coffees and desserts, or enjoying it straight from the can. In just over a year, the brand has sold over 2 MILLION cans, making it one of the fastest growing spirits in history.
  • Winona Pure gives consumers movie theatre popcorn in the comfort of their own homes. All the flavor and none of the additives is the story behind these all-natural, non-GMO popcorn seasoning sprays. A simple spray is all it takes to add the perfect pop of flavor to the classic theatre treat.
  • Art of Sport, co-founded by the great Kobe Bryant, is the number one body care brand for athletes. With a growing line of personal care products tested by the world’s greatest athletes, these daily skin essentials give consumers everything they need to feel fresh, stay protected and confident and perform at their peak every day.
  • Skylar is the first and only line of perfumes on the market that are hypoallergenic and safe for sensitive skin. With the strong support of industry titan Sephora, the brand has quickly attracted a loyal following.
  • Soylent is a technological feat. Originally funded by Google Ventures and Andreessen Horwitz, Soylent is dubbed as the world’s most perfect food. Made from sustainably grown plant-based ingredients, Soylent’s line of products is scientifically developed to provide all the functional ingredients, vitamins, minerals, fats, carbohydrates and protein that the body needs – all in convenient, delicious and affordable packages. Soylent’s innovative product line-up includes complete nutrition powders, ready-to-drink shakes, 100-calorie snack bars, high protein nutrition shakes and energy boosting nutrition shakes. Soylent was also the recipient of the 2023 Product of the Year Award by Kantar, a global leader in consumer research.

With award-winning marketing talent, Starco Brands develops robust, integrated marketing plans for every brand in its portfolio, ensuring an impactful presence across all verticals.

Market Outlook

Starco Brands’ varied brand portfolio gives it access to the growth of numerous product categories that are ripe for innovation.

Through its February 2023 acquisition of complete nutrition pioneer Soylent, Starco Brands is positioned to capitalize on the projected growth of the plant-based nutrition space. Research firm Statista valued the plant-based nutrition market at $29.4 billion in 2020 and forecasts its value at nearly $162 billion by 2030, representing a CAGR of 18.7% for the period.

Likewise, Starco Brands gained improved access to the global fragrance market through its December 2022 acquisition of Skylar. According to a report by Grand View Research, the global perfume market was valued at $50.85 billion in 2022 and is expected to grow to a value of nearly $80 billion by 2030, achieving a CAGR of 5.9% over the forecast period.

The company is primed to expand its access to other growth verticals as it advances on its path to invent and acquire behavior-changing technologies and brands.

Management Team

Ross Sklar is the CEO of Starco Brands. A chemical formulator by trade, he started his first company while still in college. Since 2004, he has made over a dozen acquisitions with multiple exits and controls an eclectic collection of industrial, household, personal care and food and beverage manufacturers covering many consumer-packaged goods categories.

Darin Brown is the Chief Operating Officer of Starco Brands. With over 20 years of experience in chemical manufacturing, business development, finance and mergers and acquisitions, he has scaled the company from the ground up. He oversees all internal operations for Starco Brands and is an integral liaison between the company and Mr. Sklar’s manufacturing facilities.

David Dreyer is Chief Marketing Officer of Starco Brands. With over 25 years of experience working with blue chip and startup brands, he oversees all marketing initiatives for the company. Mr. Dreyer comes to Starco having worked with such standout brands as Apple, Pepsi, Pizza Hut, Dr Pepper, Snapple, Infiniti, The GRAMMY’s, Honda and Stamps.com. He is also a Professor of Advertising at USC’s Annenberg School for Communication.

Starco Brands Inc. (STCB), closed Sunday's trading session at $0.13, even for the day, on 12,800 volume. The average volume for the last 3 months is 31,283 and the stock's 52-week low/high is $0.115/$0.20.

Recent News

Fintech Ecosystem Development Corp. (NASDAQ: FEXD)

The QualityStocks Daily Newsletter would like to spotlight Progressive Care Inc. (OTCQB: FEXD).

Fintech Ecosystem Development Corp. (NASDAQ: FEXD) is a special purpose acquisition company (SPAC) formed for the purpose of effecting one or more business combinations with an intent to focus on the financial technology sector.

The company’s mission is to create and grow a global financial services ecosystem to address unmet mobile money needs in developing and industrialized countries and markets. FEXD plans to achieve this by acquiring and merging with financial technology pioneers that have the potential to help establish its global fintech ecosystem, and by continuing the development of proprietary technologies and applications to keep the company at the forefront of the cashless society market.

Digital money is replacing physical cash. Consumers can buy products and services from anywhere in the world and make payments across borders. Parents can send money to students studying in other countries. Migrant workers are sending money to families in developing nations. Rural villagers without banks can send and receive money using their smartphones. FEXD is developing mobile transaction platforms, applications and services that are helping to implement these changes.

The company plans to offer a diverse portfolio of products and services to consumers and businesses in the United States, South Asia, East Asia, Africa, Europe and Latin America. Its growth strategy includes acquisition, innovation and market development.

FEXD is a Delaware corporation based in Collegeville, Pennsylvania. The company was launched in May 2021 by a management team led by Dr. Saiful Khandaker that has extensive experience in developing and managing financial service platforms and applications, primarily in the mobile money sector. FEXD is sponsored by Revofast LLC.

Acquisition Targets

In September 2022, FEXD announced definitive agreements for business combinations with Rana Financial Inc., a Georgia corporation, and Mobitech International LLC (dba Afinoz), a limited liability company organized in the United Arab Emirates. The agreements call for Rana and Afinoz to become wholly owned subsidiaries of FEXD, with the combined company expected to continue trading on the Nasdaq under existing ticker symbol ‘FEXD’. The mergers are expected to close in Q2 2023.

Rana Financial

Rana Financial is a licensed money transfer company founded in 2009. Rana provides fast and affordable online and mobile transfer of funds between the U.S. and Latin America. Rana has been providing money transfer services in the U.S. market for 13 years and has 30,000 active users. Rana’s money transfer business grew to 200,000 transactions in 2021. The merger agreement values Rana at an implied $78 million enterprise value.

Mobitech International LLC

Mobitech International LLC (dba Afinoz) is an artificial intelligence-enabled digital lending platform used by India’s leading banks, non-banking financial companies and fintech loan providers. Afinoz’s fintech platform supports enterprises making loans primarily to middle- and working-class borrowers via its website or through its mobile phone application. Afinoz’s platform makes loans available and affordable to millions of Indian workers and unbanked users by providing access at a low cost. Afinoz’s platform has more than 50 lending partners, and its database of registered users in India includes more than two million individuals. The merger agreement values Afinoz at an implied $120 million enterprise value.

Market Opportunity

According to analysis by global market research firm Mordor Intelligence, the worldwide financial technology market is valued at approximately $194 billion in 2023 and is projected to grow to nearly $500 billion by 2028, representing a CAGR of 18.97% for the forecast period. According to the report, various financial crises and the COVID-19 pandemic have fueled consumer adoption of, and investor interest in, fintech over the past several years.

Management Team

Dr. Saiful Khandaker is Founder, CEO and President of FEXD. He is Group CEO and founder of FAMA Holdings Inc., a global developer of fintech platforms, applications and services based in the U.S. with offices in the U.K., India, Bangladesh and Zambia. He is currently leading the development of the FAMACASH™ network, a global fintech ecosystem to provide fast, affordable mobile money services in underserved countries such as Bangladesh. Before founding FAMA, Dr. Khandaker spent more than two decades leading the development of software solutions for Fortune 100 companies and startups. He also helped numerous clients modernize their fintech services as Chief Technology Officer at Mi3. He holds a Doctor of Management in Organizational Leadership, a Master of Science in Technology Management, and a Bachelor of Science in Computer Information Systems.

Jenny Junkeer is CFO at FEXD. She is a Chartered Accountant with over 17 years of experience. As CEO of Junkeer New Era Consulting, she leads a team specializing in helping companies launch and optimize business operations in fast-changing industries. She has extensive experience helping organizations scale operations to maximize value. She is an Adjunct Association Professor at Deakin University in Australia, a board member of the Global Health Initiative Foundation, and Director of Implementation at ConnectCV. She holds a Bachelor of Commerce Degree (Honors) from Monash University.

FingerMotion Inc. (FEXD), closed Sunday's trading session at $10.89, off by 0.091743%, on 8,178 volume. The average volume for the last 3 months is 28,401 and the stock's 52-week low/high is $10.48/$11.00.

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