The QualityStocks Daily Stock List
- HealthLynked Corp. (HLYK)
- Wealthcraft Capital, Inc. (WCCP)
- All for One Media Corp. (AFOM)
- Novo Integrated Sciences, Inc. (NVOS)
- Santa Fe Gold Corporation (SFEG)
- Rennova Health, Inc. (RNVA)
- Saracen Mineral Holdings Limited (SCEXF)
- Acorn Energy, Inc. (ACFN)
- Duos Technologies Group, Inc. (DUOT)
- Escalon Medical Corp. (ESMC)
- Lithium Corp. (LTUM)
HealthLynked Corp. (HLYK)
InvestorsHub and OTC Markets reported on HealthLynked Corp. (HLYK), and today we highlight the Company, here at the QualityStocks Daily Newsletter.
OTCQB-listed, HealthLynked Corp. focuses on improving healthcare services for patients and physicians. The Company’s technology cuts wait times with online scheduling of appointments and real-time appointments by local providers. Its technology also provides easy access to an individual’s and their family's updated medical records. HealthLynked is headquartered in Naples, Florida. The Company commenced trading on the OTC Markets Group’s OTCQB in May 2017.
HealthLynked centers on improving healthcare through connecting patients with their healthcare providers. The HealthLynked Network focuses on the efficient, secure exchange of medical information between patients and their healthcare providers.
The cloud-based HealthLynked Network lets patient's medical records move with them. This is so one’s medical records are not fragmented in manifold healthcare systems and/or EHR systems.
HealthLynked profile information safeguards that doctors don't prescribe potentially harmful medications in case a patient forgets to mention one or more present medications while talking to their doctor. Moreover, the HealthLynked Healthcare Summary page allows patients to keep their medical records updated. This helps physicians to be more productive and provide valid medical care.
Healthcare experts can easily be in touch with patients. They can provide their advice in case of emergencies via the Telemedicine Portal. The HealthLynked Healthcare Summary permits patients to maintain a complete medical profile in coordination with physicians. All information is systematically categorized. As a result, physicians have a total overview of patient health without them having to fill unnecessary paperwork.
This past September, HealthLynked announced it has created more than 880,000 HealthLynked Provider base profiles for every physician in the United States. The creation of the HealthLynked provider network is a vital step in allowing the Company’s patient members to search, geo-locate, and ultimately "Lynk" to any healthcare provider anywhere in the U.S.
Last month, HealthLynked announced its Q3 2017 financial results. It reported revenue of $480,723, and an operating loss of $512,153, which included roughly $135,500 of legal, accounting and other expenses related to the Company’s continuing public filings and investor relations cost and about $158,500 of incremental salary, benefits and other costs related to investment in initial sales and marketing efforts, and software development of the HealthLynked Network.
This was offset by a decrease in Naples Women’s Center’s general and administrative expenses of roughly $45,000, versus Q3 of 2016. The results compare with revenue of $516,798 and an operating loss of $482,570 in Q2 of 2016.
HealthLynked Corp. (HLYK), closed Tuesday's trading session at $0.123, down 5.38%, on 129,066 volume with 4 trades. The average volume for the last 60 days is 32,054 and the stock's 52-week low/high is $0.03/$0.90.
Wealthcraft Capital, Inc. (WCCP)
OTC Markets, MarketWatch, InvestorsHub, 4-Traders, Stockhouse, Simply Wall St, WalletInvestor, Penny Stock Hub, Penny Stock Tweets, Barchart, Stock Target Advisor, InvestorPlace, and Silicon Investor reported on Wealthcraft Capital, Inc. (WCCP), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Wealthcraft Capital, Inc. concentrates on the investment of capital in private companies, which are interested in expanding their business through gaining better access to capital, management consulting, as well as business development. Mr. Adam D. Sexton is the President and Chief Executive Officer (CEO) of the Company.
Mr. Sexton is an experienced business, entertainment, and digital media leader. He has wide-ranging experience launching and operating disruptive digital products and services for worldwide entertainment, technology industry leaders, as well as start-ups.
Wealthcraft Capital was previously known as Wealthcraft Systems, Inc. It changed its name to Wealthcraft Capital, Inc. in February of 2017. The Company’s shares trade on the OTC Markets Group’s OTCQB. Wealthcraft Capital has its corporate headquarters in Los Angeles, California.
Last week, WealthCraft Capital announced the acquisition of a majority interest in Geaux Industries in exchange for $1,000,000 of the Company’s common stock at market value. Geaux Industries is a provider of security services for commercial, retail and industrial customers, with customized services and special patrol methods applicable for the cannabis industry,
Geaux Industries is licensed by the California Department of Consumer Affairs. For selected security operations, Geaux does business under the franchised name of Signal 88 Security. The exchange agreement provides for Wealthcraft Capital to acquire the minority interest, under certain terms and conditions.
Mr. Sexton said, “With the legalization of recreational cannabis in California on January 1, 2018, the Company believes that there is a significant market opportunity for Geaux Industries to be one of the leading providers of specialized security services.”
Geaux Industries will continue to address the market with inventive new technologies and services and creative business models for the traditional and non-traditional businesses.
At the closing, Wealthcraft Capital CEO, Adam Sexton, was appointed to fill a vacancy on the Board of Directors of Geaux Industries.
Wealthcraft Capital, Inc. (WCCP), closed Tuesday's trading session at $0.45, up 9.76%, on 12,000 volume with 12 trades. The average volume for the last 60 days is 8,083 and the stock's 52-week low/high is $0.022/$0.51.
All for One Media Corp. (AFOM)
OTC Markets, Street Register, MarketWatch, InvestorsHub, and Barchart reported on All for One Media Corp. (AFOM), and today we highlight the Company, here at the QualityStocks Daily Newsletter.
All for One Media Corp. is a tween marketing company headquartered in Mount Kisco, New York. The estimation is that the tween demographic is responsible for no less than $260 billion yearly in direct sales in the U.S. alone. Called “Generation I” for "Internet," this generation's tweens represent the first demographic to have had only known life with the Internet and social media. Basically, All for One Media is a marketing brand changing the mindset of tweens that bullying is unacceptable. All for One Media lists on the OTC Markets’ OTCQB.
Currently, All for One Media is producing "Crazy For the Boys." The Company, via entertainment, is working to deliver a message, which will resonate with kids to impact the epidemic of bullying and cyber-bullying. Also, the Company is working to help individuals who have been affected by bullying to deal with it in a positive and constructive way.
“Crazy For The Boys” is a full length coming of age musical dramedy. It features Groovy Tuesday music and choreography. The film tells the story of five high school girls from five very different cliques who must work together to run their school’s anti-bullying organization. The film features original pop songs concerning peer pressure, unrequited love, as well as teen angst.
The expectation is that “Crazy For The Boys” will generate revenues from a number of sources. These include domestic and International film distribution, video on demand, cable, pay TV and network rights, DVD and Blu-ray, corporate sponsorship, product placement, music publishing, live performance, retail and concert merchandise, music soundtracks, streaming music and videos, music downloads, third party music licenses, ad driven videos, Crazy for the Boys script licenses, spin offs and sequels.
This past September, All For One Media announced it completed Principal Photography on their first major motion picture the Musical Dramedy "Crazy for the Boys" on location in Savannah, Georgia. The Company is planning on a major theatrical release over Spring Break 2018.
As part of All for One Media’s plan to build vertically integrated branded entertainment for tweens and teens, the movie is being marketed as a modern day "Grease". It will launch the new five girl pop group "Drama Drama." The Company will start releasing the music and videos that encompass the Soundtrack and also Drama Drama's debut album next month.
In October, All For One Media announced it acquired the rights to the Dream Street Master Recordings. It will be releasing them through all of the prominent digital distribution networks.
Dream Street was originally co-created by the Company’s Chief Executive Officer and President, Mr. Brian Lukow. Dream Street was one of the most popular bands of its era and still has legions of fans .
All for One Media Corp. (AFOM), closed Tuesday's trading session at $0.04486, up 12.15%, on 391,502 volume with 21 trades. The average volume for the last 60 days is 222,754 and the stock's 52-week low/high is $0.013/$0.10.
Novo Integrated Sciences, Inc. (NVOS)
OTC Markets, InvestorsHub, Corporateinformation, TradingView, Stockhouse, MarketWatch, Simply Wall St, Stock Orange, InvestorPlace, and Investing News Alerts reported on Novo Integrated Sciences, Inc. (NVOS), and we report on the Company as well, here at the QualityStocks Daily Newsletter.
Novo Integrated Sciences, Inc. is a provider of multi-disciplinary primary healthcare services and products in Canada through its wholly-owned Canadian subsidiary Novo Healthnet Limited (NHL). The Company’s mission is to build a United States and Canadian based multi-disciplinary primary healthcare service provider, which provides first-class specialized healthcare services and products via the integration of technology and medical science.
Novo Integrated Sciences lists on the OTC Markets Group’s OTCQB. Novo Integrated Sciences was formerly known as Turbine Truck Engines, Inc., which was an alternative-energy technology development enterprise. Novo Integrated Sciences is based in Bellevue, Washington.
The Novo Family provides specialized physiotherapy, chiropractic care, occupational therapy, eldercare, laser therapeutics, and massage therapy. In addition, it provides acupuncture, chiropodist, neurological functions, kinesiology, certain dental assessments, certain long-term care services, and other para-medical services to its clients.
Novo Healthnet Limited (NHL) - directly and indirectly, through its contractual relationships - provides its specialized services to greater than 300,000 patients annually. The Novo Family's services include pain assessment, treatment, management, and prevention. These are provided in 14 corporate owned clinics, homes, and institutional locations across Canada.
NHL owns a 100 percent stake in Novo Assessments, Inc., Novo Healthnet Rehab Limited, Novo Peak Health, Inc., and an 80 percent stake in Novo Healthnet Kemptville Centre, Inc., all of which are Province of Ontario companies.
Novo Integrated Sciences announced in December of 2017 that it completed the purchase of certain assets of Executive Fitness Leaders (EFL). EFL is an Ottawa, Ontario based local leader in the private personal training sector. EFL provides personal training, massage therapy, nutritional counseling, and also corporate wellness services.
Last month, Novo Integrated Sciences, via its wholly-owned U.S. based subsidiary, Novomerica Health Group, Inc., a Nevada corporation, announced a signed Letter of Intent (LOI) to acquire Illinois Spine and Disc Institute, Ltd. (ISDI) and Progressive Health and Rehabilitation, Ltd. Both of these entities are Illinois headquartered medical care corporations dedicated to the diagnosis, treatment, as well as rehabilitation of peripheral neuropathy related spine and neck disorder. The pending acquisition transaction definitive agreement is contemplated as a share only transaction. It has a closing date of no later than June 1, 2018.
Novo Integrated Sciences, Inc. (NVOS), closed Tuesday's trading session at $0.64, down 8.24%, on 3,029 volume with 4 trades. The average volume for the last 60 days is 5,672 and the stock's 52-week low/high is $0.1136/$1.00.
Santa Fe Gold Corporation (SFEG)
Zacks, OTC Markets, 4-Traders, InvestorsHub, MarketWatch, The Street, Investopedia, Stockflare, StreetInsider, and Stockhouse reported on Santa Fe Gold Corporation (SFEG), and we also report on the Company, here at the QualityStocks Daily Newsletter.
Santa Fe Gold Corporation’s intention is to establish itself as a significant player in the precious metals mining field. The Company’s aim is to produce major cash flow from precious metals holdings. This is while creating a portfolio of high quality exploration and bankable development projects that will ensure future revenue growth. Santa Fe Gold is based in Albuquerque, New Mexico.
The Company’s emphasis is on Gold, Silver, and Copper, Precious, Industrial and Base metals. Its assets include the Knight’s Peak region of Grant County, New Mexico comprising the Malone Mines, Patanka, Hillcrest Barranca and Principal Mines, altogether incorporating around 20 mine sites and all located at Knight’s Peak, together with an expanded area surrounding the Malone Mines in the southern area of Burro Mountains, New Mexico.
Santa Fe Gold also owns very significant holdings in the Playas Lake Bed Area of Hidalgo County. This includes the presences of Titanium ore and other rare earth minerals and deposits.
Additionally, the Company owns Bullard's Peak Corporation and Black Hawk Consolidated Mines incorporating AG1 Silver mine along with a potential major Porphyry Silver discovery and additional deposits of Cobalt, Lithium, Manganese and Nickel along with the Sunset Lode and Placer Lode Gold and Silver Deposits located in Pinos Altos Gold.
This past February, Santa Fe Gold announced it is acquiring The Quartzite Creek Placer and The Harris Creek Placer Properties, both with a history of Gold production and near term production potential.
Last month, Santa Fe Gold announced a wide-ranging independent and defendable study by Mr. Dan Gorski of Texas Mineral Resources Corporation of its Silver Mines in Black Hawk and Bullard's Peak districts. The Company values these properties, which includes the Alhambra Silver Mine at $839 Million not including the surrounding area and potential Porphyry Silver Discovery and resource targets that could hold between 135 to 250 million additional ounces of silver with substantial upside potential based on similarities to several renowned world class silver mines.
In addition, in March, Santa Fe Gold announced that it would commence pre-production tests to work through the production process to the output of Gold and Silver concentrate and simultaneously will be able to confirm expected and industrial metals yields for what will be full production operations.
Santa Fe Gold President and Chief Executive Officer, Mr. Tom Laws, said, “We are very pleased to be initiating these pre-production tests utilizing new technology in material concentrating. These tests are being undertaken by various potential strategic partners who over the past few years have been developing and improving concentration methodologies and techniques focusing on low or no discharge and lowering shipping costs for producers. Once the various methods are evaluated one will be selected and the company will be able to ramp up production to significant levels in the near future.”
Santa Fe Gold Corporation (SFEG), closed Tuesday's trading session at $0.1223, down 0.49%, on 142,832 volume with 12 trades. The average volume for the last 60 days is 97,622 and the stock's 52-week low/high is $0.07/$0.1971.
Rennova Health, Inc. (RNVA)
StockTwits, InvestorsHub, Barchart, Preferred Stock Channel, Street Insider, and Stockhouse reported on Rennova Health, Inc. (RNVA), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Rennova Health, Inc. is a vertically integrated provider of industry-leading diagnostics and supportive software solutions to healthcare providers. The Company opened its first rural hospital in Oneida, Tennessee on August 8, 2017. Rennova Health delivers an efficient, effective patient experience and first-rate clinical outcomes. The Company is headquartered in West Palm Beach, Florida and lists on the OTCQB. Rennova Health has its Medytox Diagnostics subsidiary.
The Big South Fork Medical Center opened under the Company’s ownership with services that include a 24/7 emergency department along with radiology services that include X-ray, CT scan and ultrasound. Moreover, other available services include a laboratory, respiratory therapy, physical therapy, a medical/surgical unit, and swing beds.
In essence, Rennova Health is a single-source healthcare solutions company. It concentrates on serving essential healthcare categories, particularly those with unmet needs and major opportunities for innovation-driven solutions. The Company develops and operates progressive businesses, systems and services to support better treatment outcomes, more cost-effective patient care, as well as optimized revenue streams.
Rennova Health’s solutions include industry-leading diagnostic laboratory testing and analytics for precision medicine, and specialized and streamlined EHRs and other essential software services. Its solutions also include complete medical billing and financial services for enhanced revenue cycle management.
The Company’s Medytox Diagnostics subsidiary owns and operates five high-complexity CLIA-certified labs strategically situated throughout the nation. These labs specialize in urine drug testing for prescription medications, drugs of abuse and complete pain medication testing.
In addition, the labs provide testing services in the areas of clinical chemistry, toxicology, hematology, immunology, serology, bacteriology and esoteric testing services, including neurotransmitter testing, with a broad spectrum of sampling options, which include Rennova’s proprietary methodology.
Furthermore, Rennova Health has its comprehensive medical billing services company, Medical Billing Choices (MBC). MBC operates as the in-house billing company for all Rennova Health businesses and labs.
Recently, Rennova Health announced that following the successful completion of a survey by the Centers for Medicare & Medicaid Services (CMS), the Company’s Big South Fork Medical Center (BSFMC) received its CMS Certification Number. Receipt of this number is required to bill CMS for services and receive payment.
It follows the earlier announced award of full accreditation for BSFMC for a three-year term effective as of October 11, 2017. Receipt of this number enables BSFMC to complete negotiations of contracts with private payers.
At present, Rennova Health operates in three synergistic divisions. One is clinical diagnostics by way of its clinical laboratories. The second is supportive software solutions to healthcare providers including electronic health records (EHR), laboratory information systems (LIS) and medical billing services. The third is the recent addition of the above-mentioned hospital in Tennessee.
Rennova Health, Inc. (RNVA), closed Tuesday's trading session at $0.021, up 20.00%, on 36,801,520 volume with 792 trades. The average volume for the last 60 days is 39,140,370 and the stock's 52-week low/high is $0.004/$17.25.
Saracen Mineral Holdings Limited (SCEXF)
OTC Markets, The Subway Trader, Smart Stock Trading Strategies, YCharts, Stockhouse, GoldStockData, 4-Traders, Stockscores, and Stock Market Watch reported on Saracen Mineral Holdings Limited (SCEXF), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Based in Perth, Western Australia (WA), Saracen Mineral Holdings Limited engages in the gold mining business in Australia. Additionally, the Company explores for nickel deposits. Its production comes from two WA projects - Carosue Dam and its new Thunderbox mine. Both of these operations have long lives with extensive potential for further growth via exploration. Saracen Mineral Holdings lists on the OTC Markets Group’s OTCQB.
The Company’s corporate vision is to join the Australian mid-tier gold producer ranks through doubling production to 300koz p.a. at an AISC (All-in Sustaining Costs) of less than A$1,075/oz, within the next two years.
Saracen Mineral Holdings’ FY (Fiscal Year) 2018 guidance is maintained at 300,000oz at an AISC of A$1,150/oz. Moreover, the Company has strong cash flow – cash, bullion and investments of A$83m, and no debt.
Regarding its exploration, all of Saracen’s mines are open along strike and at depth. In addition, all mines are shallow with grades increasing at depth.
Furthermore, Saracen has first-rate Reserve growth - a 40 percent increase to 2.1Moz at key assets next to processing centers. The Company’s Carosue Dam is surrounded by major miners Goldfields and AngloGold. At Carosue Dam, an under-explored mine corridor presents opportunity for further repeat deposits.
At the Thunderbox mine, the FY18 guidance is maintained at 130koz. Growth opportunities at Thunderbox include Kailis high grade (2.5g/t open pit, soft ore); Thunderbox Stage 2 underground (518koz over 7 years); Bannockburn (approximately 200koz @ 1.5g/t); and the Thunderbox D Zone (near surface northern cut-back).
Regarding the Company’s Quarterly Report of March 2018, it reports that Saracen Mineral Holdings had record quarterly mine production of 98,886oz contained (Carosue Dam 44,329oz; Thunderbox 54,557oz). Saracen also had
Quarterly mill production of 79,727oz (Carosue Dam 43,167oz; Thunderbox 36,560oz).
Furthermore, Saracen had Quarterly AISC of A$1,181/oz. Milling of high-grade Kailis ore (Thunderbox) continued with grade and ounces surpassing expectations. Also, the Company had a closing ore stockpile (gold inventory awaiting processing) of 57,026oz. This represents an increase of 34 percent from 37,834oz at December 31, 2017.
Pertaining to discovery and growth, Saracen Mineral Holdings states that development of the Thunderbox underground drill platform is set to begin in the current June quarter.
Saracen Mineral Holdings Limited (SCEXF), closed Tuesday's trading session at $1.40, even for the day. The average volume for the last 60 days is 546 and the stock's 52-week low/high is $0.67/$1.43.
Acorn Energy, Inc. (ACFN)
Wall Street Resources, Wealthpire, Inc., SmarTrend Newsletters, MegaPennyStocks, Catalyst IR, Marketbeat, and Hit and Run Candle Sticks reported earlier on Acorn Energy, Inc. (ACFN), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Acorn Energy, Inc. is a holding company based in Wilmington, Delaware. It is a provider of machine-to-machine, Internet of Things (IoT) remote monitoring and control systems and services. Acorn has its portfolio company - OmniMetrix™, Inc. It formerly had its DSIT Solutions Ltd. portfolio company.
This past February, Acorn Energy announced that it completed the sale of its remaining 41.15 percent interest in DSIT Solutions Ltd. for $5.8 million, before fees and taxes, to an Israeli investor group. Acorn Energy is now a debt-free focused provider of high growth, wireless remote monitoring and control (IoT) services for critical industrial assets.
The Company has an 80 percent equity stake in OmniMetrix. Acorn Energy’s OmniMetrix™ remotely monitors emergency back-up power generation systems to increase their reliability. OmniMetrix™ is the leader and pioneer in M2M wireless remote monitoring, control and diagnostics for pipelines and critical equipment.
OmniMetrix is a solution for making critical systems more reliable. The Company is a solution for pipelines and critical facilities around the world. This includes cell towers, medical facilities, data centers, public transportation systems, and federal, state, and municipal government facilities.
In association with the sale of its DSIT Solutions interest, Acorn Energy secured right of first negotiation to act as exclusive distributor for DSIT's new fiber-optic sensor technology for pipeline monitoring and control in the U.S.
The technology offers a new range of high-value service opportunities, including monitoring for third party intervention or gas or oil leaks, to complement and expand Acorn Energy's existing OmniMetrix pipeline monitoring business that presently provides cathodic or corrosion protection systems on gas pipelines to utilities and pipeline companies.
Jan Loeb, President and Chief Executive Officer of Acorn Energy, said last month, “Our OmniMetrix remote monitoring business continued to grow nicely in 2017, with revenue increasing 21 percent and gross margin improving to 56 percent. New orders, a portion of which are booked in deferred revenue, grew 22 percent in 2017 versus 2016. We remain confident in the business’s ability to continue on a similar growth trajectory in 2018.” .
Acorn Energy, Inc. (ACFN), closed Tuesday's trading session at $0.41125, up 2.84%, on 114,946 volume with 44 trades. The average volume for the last 60 days is 66,424 and the stock's 52-week low/high is $0.149/$0.40.
Duos Technologies Group, Inc. (DUOT)
Wall Street Resources and SmallCapVoice reported previously on Duos Technologies Group, Inc. (DUOT), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Duos Technologies Group, Inc. is a provider of intelligent security analytical technology solutions. The Company operates through its wholly-owned subsidiary, Duos Technologies, Inc. Duos provides intelligent video surveillance software featuring video analytics, and physical security information management (PSIM) solutions. Additionally, it offers Information Technology (IT) and professional services. The Company has a strong portfolio of intellectual property (IP). Duos Technologies Group is based in Jacksonville, Florida.
The Company provides its extensive range of technology solutions with an emphasis on mission critical security, inspection and operations within the rail, utilities, petrochemical, healthcare, and hospitality sectors. Duos’ core competencies include advanced intelligent technologies delivered by way of its proprietary integrated enterprise command and control platform, centraco™.
Its centraco™ is a PSIM (Physical Security Information Management) system. The design of it is to address operational and security-driven management challenges. It integrates an array of data sources from manifold sites into a single, multi-user command and control point. It does so while monitoring the health of system components.
The goal of centraco™ is to provide network-wide monitoring of video cameras and sensors from a single command point and enable monitoring of the operational status of each camera and sensor. Furthermore, centraco™ performs auto-diagnostics, monitors all servers, cameras, and sensors, and logs and reports on activity and availability. The system will also monitor the health of Windows servers and the status of all hard disks.
Duos Technologies has its proprietary Railcar Inspection Portal technology. It combines a number of proprietary intelligent technologies and sub-systems using analytical algorithms to process and evaluate a wide variety of data from numerous sensor technologies.
The Company has been awarded a contract to develop a thermal vehicle undercarriage inspection system with the goal to automatically detect hot spots on freight locomotives, employing thermal imaging technology. The foundation of Duos’ proprietary system design is on wide-ranging field testing and will take advantage of thermal imaging for component health monitoring.
In June of this year, Duos Technologies Group announced it was chosen to become a member of IBM PartnerWorld. The design of PartnerWorld, IBM's global marketing and enablement program is to create new revenue and market opportunities for IBM and its partners. This initiative makes Duos Technologies available to a much wider audience for worldwide opportunities.
Last month, Duos Technologies Group announced the closing, on November 24, 2017, of its previously disclosed private placement of its Class A and Class B units that resulted in gross proceeds of $11 million, before deducting placement agents' fees, estimated offering expenses and conversions.
The expectation is that the net proceeds of the offering will be used for sales & marketing, research & development (R&D), repayment of certain debt and for working capital and general corporate purposes.
Duos Technologies Group, Inc. (DUOT), closed Tuesday's trading session at $0.40, up 48.15%, on 2,000 volume with 1 trade. The average volume for the last 60 days is 17,329 and the stock's 52-week low/high is $0.17/$7.35.
Escalon Medical Corp. (ESMC)
OTCPicks, Wall Street Resources, FeedBlitz, and PennyToBuck reported previously on Escalon Medical Corp. (ESMC), and today we report on the Company, here at the QualityStocks Daily Newsletter.
Escalon Medical Corp. specializes in the development, marketing, and distribution of ophthalmic diagnostic imaging and surgical products. The Company is working to grow its ophthalmic business via further developing and diversifying its product offering through internal development programs, strategic partnerships, and the acquisition of technology to best leverage its distribution capabilities.
In 2000, Escalon Medical acquired Sonomed, Inc. Since 2000, by way of acquisition, product divestitures, partnerships, and product development, the Company has grown and expanded its product offerings. Sonomed, Inc. and Escalon Medical Imaging are wholly-owned subsidiaries of Escalon Medical Corp.
The Company has research and development (R&D), manufacturing, and distribution operations in New Hyde Park, New York; New Berlin, Wisconsin; and Stoneham, Massachusetts. Escalon Medical has its corporate office in Wayne, Pennsylvania. Escalon Medical markets its products through independent sales representatives, chiefly to teaching institutions, hospitals, as well as eye surgery centers.
Escalon Medical’s products include a variety of ophthalmic ultrasound, digital imaging and photography, and image management systems. Its products additionally include surgical products, including intraocular gases, fiber optic light guides and sources, and other surgical vitreoretinal instruments.
All of its ophthalmic products are branded as Sonomed Escalon. As well, Sonomed Escalon maintains certification for compliance with ISO1385 Quality Management Systems for Medical Devices.
The Sonomed Escalon group is a leader in ophthalmic diagnostics imaging. Sonomed Escalon provides ultrasound, digital photography, and image management systems. These products have earlier been marketed under the Sonomed, Escalon Digital Solutions, and Escalon/Trek Medical brands.
Sonomed Escalon Rx products include mydriatics/cyclopegics; diagnostic supplies; anesthetics/combo products; antibiotics, steroid combination; injectable dyes, surgical products, and office products.
Its surgical solutions include vitreoretinal gases and devices. Its diagnostic solutions include AXIS image management; ophthalmic ultrasound; mobile vision analysis; adaptive refractor; perimetry; digital imaging, and tonometry.
Sonomed Escalon offers its Vu Pad in regards to Ophthalmic Ultrasound. This is a new class of ophthalmic ultrasound versatility. It is configurable with B-scan, A-scan, UBM or any combination.
Sonomed Escalon is a participant at the 2018 ASCRS / ASOA Annual Symposium and Congress in Washington DC April 13-17, 2018.
Escalon Medical Corp. (ESMC), closed Tuesday's trading session at $0.22, even for the day, on 1,978 volume with 2 trades. The average volume for the last 60 days is 8,009 and the stock's 52-week low/high is $0.071/$0.30.
Lithium Corp. (LTUM)
Breaking Bulls, SmarTrend Newsletters, PickPennyStocks, FNNO Newsletters, AllPennyStocks, Stockpalooza, OTCPicks, Canadian Microcap Report, and Stockdigest Report reported earlier on Lithium Corp. (LTUM), and today we choose to report on the Company, here at the QualityStocks Daily Newsletter.
Lithium Corp. engages in the identification, acquisition, and exploration of metals and minerals with a concentration on lithium mineralization on properties in Nevada. Its dedication is to the exploration for energy storage related resources throughout North America, seeking to capitalize on opportunities within the growing next generation energy storage markets. An exploration stage mining company, Lithium is based in Elko, Nevada.
The Company maintains a strategic alliance with Altura Mining. Lithium’s flagship property is Fish Lake Valley. At Fish Lake Valley, it holds Placer claims that encompass approximately 7,800 acres. The Fish Lake Valley Property is in northern Esmeralda County in west-central Nevada.
In north-western Nevada, Washoe County, Lithium has its San Emidio Project. The Company staked a block of claims in the San Emidio Valley during September 2011, and now holds 1,600 acres.
Lithium has its BC Sugar Property positioned in Shuswap, B.C. It has assembled a 19,816-acre (8,019 hectare) block of mineral claims in B.C. that is highly prospective for hosting commercially extractable deposits of flake graphite.
Additionally, the Company has its Hughes Property in Tonopah, Nevada. Lithco participated in the establishment of Summa LLC, a private Nevada Limited Liability company that holds 88 fee-title patented lode claims that encompass roughly 1,191.3 acres of prospective mineral lands. Lithium signed a Joint Operating Agreement with the other participants to govern the conduct of Summa, and the development of the lands.
Moreover, Lithium has its North Big Smokey lithium brine exploration property in Big Smokey Valley, Nye County, Nevada. This property is on federal lands. It comprises 44 association placer claims, most which are 80 acres. In total the prospect is around 3,400 acres.
This past January, Lithium announced that it received the preliminary results from its BC Sugar flake graphite “mini bulk sample” from SGS laboratories. Mineralogy ascertained that the graphite there is “relatively coarse” with flakes ranging in size from 69 μm (micrometers) to 1507 μm with an average flake size of 480 μm (roughly 37 mesh). Only a minor number of flakes were locked in silicates. There was no noticed association of graphite with oxides or sulfides.
In addition, the results of the metallurgical test work were favourable, with adequate recoveries of flake graphite with a minimum of effort as no initial crushing or grinding of the sample was required.
In February, Lithium announced that it amended the agreement on the Yeehaw, Michael, and Three Valley Gap Tantalum/Niobium/Rare Earth Element (REE) properties in B.C. The Company informed Bormal Resources that while its is excited to continue on with the Yeehaw REE property, it will no longer look to earn any interest in the Michael, and Three Valley Gap properties under the March 17, 2017 option agreement.
The parties agreed to reduce the final tranche of shares of the Company to be issued as stipulated in the agreement from 750,000 to 400,000. Lithium will have earned its 100 percent interest in the Yeehaw property once the shares have been issued. Lithium recently increased its landholding there from 3,137 acres to more than 8,355 acres.
Lithium Corp. (LTUM), closed Tuesday's trading session at $0.31, up 13.76%, on 453,994 volume with 117 trades. The average volume for the last 60 days is 299,060 and the stock's 52-week low/high is $0.046/$0.62.
The QualityStocks Company Corner
- SinglePoint, Inc. (SING)
- Global Payout, Inc. (GOHE)
- Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF)
- QMC Quantum Minerals Corp. (TSX-V: QMC) (OTC: QMCQF)
- Net Element, Inc. (NASDAQ: NETE)
- Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF)
- Marijuana Company of America Inc. (MCOA)
- EVIO, Inc. (EVIO)
- Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP)
- Hiku Brands Co. Ltd. (DJACF)
- Medical Cannabis Payment Solutions (REFG)
SinglePoint, Inc. (SING)
SinglePoint (OTCQB:SING) was pleased to announce today the finalization and successful completion of PCAOB corporate audit. Also today, CannabisNewsWire released a report on the company detailing how SING is among the top players enabling marginalized cannabis-related businesses and other high-risk industries to thrive.
SinglePoint, Inc. (SING) is a diversified holding company with operations in multiple industries and verticals including two high-performing market sectors: legal cannabis and cryptocurrencies. SinglePoint has grown from a full-service mobile technology provider to a recognizable brand with a diverse portfolio of undervalued subsidiaries with multiple revenue streams.
SinglePoint is researching opportunities where it can be an active participant by influencing the strategy and direction of high-potential companies whose verified assets offer attractive possibilities for shareholders. The company is guided by a visionary leadership team with extensive experience in technology, engineering, marketing and raising capital.
SinglePoint is bullish on the cannabis industry, bitcoin and blockchain technologies, which is evident in its recent acquisitions and joint-venture announcements. Recent SinglePoint key highlights include:
- A joint venture with Smart Cannabis Corporation (OTC: SCNA) to license and market Smart Cannabis’ SMART APP. SMART APP enables cannabis growers to measure all aspects of cultivation, from soil nutrient levels to watering cycles and carbon dioxide content in the air. SMART APP will integrate SinglePoint’s bitcoin payment solution to enable growers to process safer and more secure transactions.
- A joint venture with Global Payout (OTC: GOHE) will build on existing financial technology solutions developed by SinglePoint and Global Payout’s subsidiary MoneyTrac Technology, Inc., to fully optimize the delivery of mobile payment applications for domestic and international organizations.
- A joint venture with AppSwarm (OTC: SWRM) to start development on a proprietary delivery application that will enable licensed cannabis delivery services and licensed dispensaries to safely make in-home cannabis deliveries.
- Signed original “Shark Tank” member Kevin Harrington as company spokesman for an innovative, compatible virtual wallet to store any type of cryptocurrency. Harrington recently finished shooting a new national ad campaign featuring SinglePoint and the virtual wallet’s secure method of storing cryptocurrencies.
- Entered into a letter of intent to acquire 100 percent of Bitcoin Beyond, a premier platform that enables merchants to accept bitcoin payments using existing web-enabled point-of-sale devices.
- Through SING subsidiary, SingleSeed, the company will soon offer a proprietary cryptocurrency solution that links both cannabis merchants and consumers who seek to take advantage of bitcoin-powered transactions using debit and credit cards. In addition to making bitcoin-backed card purchases possible, the solution enables cannabis dispensaries to digitally track and manage their product inventories, performing tasks like uploading product data, photos and descriptions. The system deducts items automatically from a dispensary’s product listings when a purchase is made. While this fully KYC-AML compliant point-of-sale platform can be utilized for any other retail setting, it will fill a critical need in the underbanked cannabis industry as it continues to seek non-cash payment solutions outside of traditional banking circles.
SinglePoint CEO and founder Greg Lambrecht leads the company in its mission to capture opportunities through an aggressive expansion strategy across a broad range of assets. Lambrecht oversees all company operations including investor relations, leadership of the board of directors, and daily business activities. As the founder of PCI, a leading consumer product distribution company, Lambrecht negotiated agreements with the nation’s largest retail outlets and led PCI through a NASDAQ listed IPO, raising $10 million.
Eric Lofdahl, SinglePoint’s chief technology officer, has more than 20 years of experience in the technology sector including positions in software development, program management, complex system integration and engineering process definition. Prior to SinglePoint, Lofdahl worked at the Boeing Company where he led a team that successfully developed advanced wireless and satellite data products based on commercial technology for the U.S. Air Force.
SinglePoint President Wil Ralston is well known for his successful track record of building and maintaining great relationships with clients. Ralston graduated cum laude from the WP Carey School of Business at Arizona State University with a degree in Global Agribusiness and a specialization in Professional Golf Management. He is currently recognized by the Professional Golfers Association of America (PGA) as a Class A Professional.
SinglePoint, Inc. (SING), closed the day's trading session at $0.0367, up 42.80%, on 52,930,545 volume with 1,936 trades. The average volume for the last 60 days is 7,379,022 and the stock's 52-week low/high is $0.0132/$0.415.
- SinglePoint Successfully Completes Audit and Starts Process to File Form 10 In Route to Become Fully Reporting
- Cash-Heavy Cannabis Industry Looking for Alternative Fintech Banking Solutions
- SinglePoint Recaps Recently Achieved Milestones in Cannabis, Blockchain and Corporate Audit
Global Payout, Inc. (GOHE)
Global Payout Inc. (OTCPink:GOHE) ("Global") is pleased to announce that MoneyTrac Technology, Inc., of which Global is a significant shareholder (currently 18% ownership), announced today that it will be in attendance at the Bayked San Diego event on April 20, 2018 to celebrate "420," which has become the globally recognized day each year for cannabis culture appreciation. Also today, CannabisNewsWire released a report on the company detailing how GOHE is among the top players enabling marginalized cannabis-related businesses and other high-risk industries to thrive.
Global Payout, Inc. (GOHE) provides comprehensive payment solutions that can be fully customized for virtually any domestic and international organization distributing money worldwide. The company is committed to enabling global access to technology for optimizing financial transactions and delivering a global financial eco-system with top-tier banking institutions and the highest level financial technology partnerships.
Today, more than ever before, commercial enterprises and government institutions need powerful financial technology solutions that have the flexibility to deliver innovative customer centric services and drive operational efficiency gains throughout the organization. The Global Reserve Platform is Global Payout’s fully configurable “banking-in-a-box” web-based platform that can fulfill the front-to-back office processing requirements of domestic, foreign exchange and international payment service providers. This platform is designed to improve work flow, operational efficiencies, and global financial management for enterprises operating across the globe.
The Global Reserve Platform can manage practically any financial product, including core and traditional banking products, online banking, card management, mobile wallets, merchant payment processing, biometric payments and authentication management, bill payments and P2P payments, international remittances, government benefits management, loans management, FOREX, and SWIFT / ACH / SEPA payments. Powered by the Global Reserve Administrative module, the platform can be customized for enterprises across a multitude of business sectors.
Investment in financial technology (FINTECH) companies has grown dramatically in recent years with the role of today’s banks shrinking and demand for improved financial solutions continuing to rise. As the industry has continued to expand rapidly, Global Payout’s management team has directed its focus on identifying the most promising market sectors with FINTECH needs. The four core areas selected are logistics, small and medium enterprises (SME), banking and travel.
In 2015, Global Payout introduced MoneyTrac Technology Inc. as a majority owned subsidiary to more effectively focus on the development of financial technologies that specifically address many of the challenges that enterprises in a variety of alternative and “high-risk” market sectors are faced with in processing financial transactions. Powered by Virtu Network Solutions, the MoneyTrac Technology platform is one the most configurable and intuitive financial technology platforms available to alternative and “high-risk” enterprises and provides them with solutions that effectively manages everything from pin debit and virtual currency, to compliance and cash flow logistics.
With the global economy constantly becoming more diversified and connected, Global Payout is well positioned with the technology software solutions its team has developed to address many different needs worldwide. Management has committed itself to exploring and identifying every avenue possible for further establishing itself as a recognized leader in FINTECH solutions.
Global Payout, Inc. (GOHE), closed the day's trading session at $0.01549, up 25.93%, on 25,135,423 volume with 590 trades. The average volume for the last 60 days is 10,946,518 and the stock's 52-week low/high is $0.0099/$0.16.
- “420” on the Horizon: MoneyTrac Technology’s PotSaver Brand to Attend Bayked Event in San Diego
- Cash-Heavy Cannabis Industry Looking for Alternative Fintech Banking Solutions
- CannabisNewsBreaks – Global Payout, Inc. (GOHE) Details MoneyTrac Technology’s Preparation Activities for Launch of MTRAC Payment Platform
Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF)
Choom™ (CSE: CHOO; OTCQB: CHOOF) an emerging, fully-integrated cannabis company, is pleased to announce that it has advanced the build-out of its cannabis retail store network. Also today, CannabisNewsWire released a report on the company detailing how CHOOF has gained licensing experience and developed a slick brand designed to appeal to the recreational market, as the company continues to enjoy a leadership position amid industry players coming to grips with the licensing process and seeking to reach this new market.
Choom Holdings Inc. (OTCQB: CHOOF) (CSE: CHOO) channels the laid-back spirit of Hawaii to the Okanagan region of British Columbia with a generous nod to the inspirational, yet unofficial, history of the 1970s “Choom Gang,” a group of buddies in Honolulu (including former President Barack Obama) who knew how to relax with “choom,” the local’s term for marijuana. Choom’s trademark slogans pivot off another unconventional phrase (“Say Hello to…”), bringing a heady dose of good times and good friends together as the company invites investors to “Say Hello to Choom™” as it lights up the adult recreational cannabis market in Canada.
Choom™ has been an ACMPR (Access to Cannabis for Medical Purposes Regulations) applicant since November 2013 in Vernon, B.C. The company’s first application has received security clearance and is now in the detailed review stage. They also recently announced their second late-stage ACMPR application, which is in its confirmation of readiness stage. Cannabis Compliance Inc. has been retained to help expedite Choom’s initial license applications to ensure the company’s readiness for legalization of recreational marijuana in Canada mid-summer 2018.
True to the company’s character, Choom™ is retrofitting two large facilities – No. 1 in Vernon, B.C., and No. 2 on Vancouver Island – to house its cannabis growing facilities. Phase 1 of the Vernon property will provide Choom™ with 6,800 square feet of growing space, capable of producing 660 kg/year of cannabis at an estimated revenue of $6.6 million, excluding oils. The company expects this facility to be completed by July 2018, the same month that Canada is expected to formally legalize recreational marijuana for adult use. A potential Phase 2, to be completed by the end of 2018, would add another 6,800 square feet for a total of 1,500 kg/year capacity, which would nearly double No. 1’s revenue. A Level 9 vault is also planned with a storage capacity of 15,000 kg. While the No. 2 facility on Vancouver Island is smaller – 4,500 square feet – its retrofit is also slated to be completed by July 2018. Plans include doubling this space as well, which would add about $9 million in annual revenue, excluding cannabis oils.
Choom™ announced its retail dispensary strategy with the intention of establishing market leadership in reaching the Canadian cannabis consumer. The partner program is already in the retail space design stage as the company seeks to build a chain of branded retail cannabis dispensaries in jurisdictions in Canada where recreational cannabis is legal. Choom™ Stores will have a cool, modern layout and design created to emit an authentic “Aloha” vibe. Choom™ is all about producing high-grade cultivars and curating them for a bigger audience.
A savvy, experienced management team includes Chris Bogart, president and CEO; John Oh, R.P.I.C., Operations Manager; Robert Bayrack, Master Grower, S.P.I.C.; and Adrian Robinson, Strategic Advisor. Bogart has over two decades of international experience in capital markets and was a co-founder of InMed Pharmaceuticals and Magnum Uranium. He has structured complex equity financing transactions in the U.S., Europe and Canada. Bogart is joined on the Board of Directors by Kevin Pull, Stephen Tong and John Oh.
While the medical marijuana industry is expected to double by 2021 to 500,000 registered users, the true highlight of the recreational cannabis represents the key cultural shift set to launch in Canada. With an estimated $4.9B to $8.7B retail market coming, now is the right time for a Recreation Brand like Choom™ to be involved in this growing industry. Establishing and maintaining Choom™ premium brand loyalty is a key factor in the company’s growth strategy. Get ready to “Say Hello” to opportunity, good times and good friends with Choom™.
Choom Holdings Inc. (CHOOF), closed the day's trading session at $0.7461, up 2.21%, on 368,823 volume with 283 trades. The average volume for the last 60 days is 115,237 and the stock's 52-week low/high is $0.125/$0.8612.
- Choom™ secures cannabis retail opportunities in Alberta, Saskatchewan and British Columbia
- Canadian Cannabis Sector Thriving Despite Slow Legalization Process
- CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) to Further Capitalize on the Canadian Cannabis Market with Noteworthy Upcoming Projects
QMC Quantum Minerals Corp. (TSX-V: QMC) (FSE: 3LQ) (OTC: QMCQF)
QMC Quantum Minerals Corp. (TSX-V: QMC) (FSE: 3LQ) (OTC: QMCQF) featured in new article examining how the soaring demand for lithium is fueling an acreage race for the premium deposits among developers.
QMC Quantum Minerals Corp. (TSX-V: QMC) (FSE: 3LQ) (OTC: QMCQF) is a British Columbia based company engaged in the business of acquisition, exploration and development of natural resource properties. QMC’s focus is on creating shareholder value through strategic acquisition and development of high quality lithium, silver, gold, nickel, copper and zinc prospects.
QMC’s current properties are in the Canadian province of Manitoba, one of Canada’s most productive, centrally located mining regions. These resources include the Irgon Lithium Mine project and two Volcanic Massive Sulphide (“VMS”) properties – the Rocky Lake and Rocky-Namew known collectively as the Namew Lake District Project – which contain base metal-rich mineral deposits. Excellent access and well-developed mining infrastructure to the company’s wholly-owned Irgon Lithium Mine Project offers significant value and ramps up the near-term production schedule, putting QMC in a position to take advantage of rising lithium prices.
The region’s historic resource estimate of lithium is well documented in a 1956 Assessment Report developed by a previous owner, Lithium Corporation of Canada Ltd. The project’s historical resource estimate of 1.2 million tons grading 1.51% lithium-oxide over a strike length of 365 meters and to a depth of 213 meters is being updated by QMC through a detailed channel sampling and subsequent drill program.
North Face Software Ltd. recently created an interactive 3-D model of the Irgon Dike utilizing all historical data derived from past drilling and underground work. The 3-D model clearly demonstrates that exploration and underground development has only taken place on the central portion of the dike, leaving significant potential to quickly increase tonnage.
The company’s latest assay results, obtained from 144 channel samples at QMC’s Irgon Lithium Mine Project, provided encouraging and positive results that compare favorably with the historic assays. QMC has received a drill permit from the Sustainable Development Office of the Manitoba government and is in the process of requesting and assessing bids from drilling contractors. The company plans to begin a 2,000-meter drill program to confirm the historic lithium oxide assay results documented in the historic 1953-54 drill program.
QMC’s experienced leadership team includes specialists in mineral exploration, geology, engineering, new business development, marketing and investor relations. The company’s team of qualified advisors includes consultant Bruce E. Goad, P.Geo., who has 40 years of experience in mineral exploration in Canada, Argentina, Asia and Africa. As a Qualified Person, Goad has worked on numerous deposit styles including rare element pegmatites, porphyry, banded iron formation (BIF) gold deposits, skarn, greisens, and VMS. He has a wide and varied skill set which includes precious, base, industrial and rare metal projects with a sharp focus on gold exploration. Goad is the author of several scholarly publications on pegmatite granites of the southeastern Manitoba region.
The market for lithium has surged over the past three years with prices per metric ton tripling. The world’s rising demand for portable power can easily been seen in the electric vehicle and mobile device industries – both of which use lithium-based, renewable batteries as a power resource. QMC’s high potential prospects and experienced management team, both in geology and corporate finance, put QMC and its shareholders in an excellent position to take advantage of the lithium, precious and base metals markets.
QMC Quantum Minerals Corp. (QMCQF), closed the day's trading session at $0.4563, up 3.70%, on 103,090 volume with 49 trades. The average volume for the last 60 days is 216,551 and the stock's 52-week low/high is $0.0741/$1.46.
- Soaring Demand for Lithium Fuels Exploration and Production Race
- NetworkNewsBreaks – QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) (FSE: 3LQ) Reports Historic Drilling Results from Irgon Lithium Mine Property
- QMC Quantum Minerals Corp. (TSX.V: QMC) (FSE: 3LQ) (OTC: QMCQF) Drives Exploration at Irgon Lithium Mine Project
Net Element (NASDAQ: NETE)
JGR Capital, an independent equity research firm, announces it has initiated coverage on Net Element, Inc. (NASDAQ:NETE), a global financial technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment spanning across point-of-sale (POS), e-commerce and mobile devices. The full report can be found at the following link: https://www.jgrcap.com/net-element/
Net Element (NETE), is a global financial technology and value-added solutions group that supports electronic payments acceptance in an omni-channel environment spanning across point-of-sale, e-commerce, and mobile devices. Net Element operates a payments-as-a-service transactional model and value-added services platform for small to medium enterprises in the U.S. and selected emerging markets. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500 ™ and South Florida Business Journal’s 2016 fastest growing technology companies.
Net Element believes the future of global commerce is being revolutionized as consumers quickly migrate toward omni-channel shopping utilizing mobile devices, desktop, and online services. Net Element’s all-in-one payment solutions support and unify a whole range of applications through a single, robust platform, allowing global onboarding and support for multiple payment methods.
In a partnership with Bunker Capital, Net Element has also launched a new blockchain-focused business unit that will develop and deploy blockchain technology-based solutions. Net Element expects the new division to create a decentralized crypto-based ecosystem that will act as a framework for an unlimited number of value-added services, connecting merchants and consumers in a seamless, economically efficient transaction. This new business unit intends to also identify and invest in unique projects that decentralize and disrupt the payment processing industry by combining blockchain technology and real-world applications with talented development teams, strong fundamentals and addressable markets large in size.
“We believe that we’re at the dawn of a new evolution where additional digital payment methods are being introduced,” Net Element CEO Oleg Firer, says. “Introduction of our division focused on blockchain as part of the NASDAQ-listed entity will add transparency and compliance assurance to our investors as well as provide access to deploy value-added services to over 20 million electronic commerce clients that are currently part of Net Element’s growing network.”
Net Element clients are treated to customized solutions that provide the flexibility needed to keep up with customers. Among the services offered are mobile payment apps that accept payments anywhere, anytime; cloud-based solutions built to increase productivity and enhance revenue for clients and partners; marketing solutions that turn lookers into buyers; and business analytics that make it easy for clients to monitor business metrics, engage with customers and compare the competition. Its multi-channel platform combines e-commerce, offline, point-of-sale, comprehensive back office tools, mobile point-of-sale, credit scoring and customer interaction in one powerful platform-as-a-service technology.
Net Element owns and operates a global mobile payments and transactional processing provider, TOT Group, Inc., with the following subsidiaries:
- Unified Payments – An award-winning, customized mobile billing and payments solution, recognized by Inc. Magazine as the No. 1 Fastest Growing Company in America in 2012.
- Digital Provider – A leading provider of SMS messaging and mobile billing solutions.
- Aptito – A next-generation, all-in-one, cloud-based restaurant management and point-of-sale payments platform using wireless technology.
- Payonline – A fully integrated, processor agnostic electronic commerce platform.
Net Element is ranked No. 418 on Deloitte’s 2017 Technology Fast 500™ list of North America’s 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies. Net Element grew 190 percent. The company’s chief executive officer, Oleg Firer, credits the company’s progression to organic growth in its North America Transactions Segment, specifically the success of its Unified Payments brand, which focuses on value-added payment acceptance solutions for small to medium enterprises in the United States.
“The Deloitte 2017 North America Technology Fast 500 winners underscore the impact of technological innovation and world class customer service in driving growth, in a fiercely competitive environment,” said Sandra Shirai, vice chairman, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “These companies are on the cutting edge, and are transforming the way we do business.”
Net Element’s suite of application performing interfaces (APIs) and connectors power commerce for businesses of all sizes through multi-channel platforms, all-in-one digital solutions, and end-to-end encryption of cardholder data utilizing tamper resistant hardware that ensures integrity and simplifies security.
Net Element’s corporate team is led by director and CEO Oleg Firer, who is responsible for the overall vision, strategy and execution of the company’s mission of powering global commerce. He is joined by CFO Jonathan New, CPA, and Steven Wolberg, who is the company’s chief legal officer and secretary. Each corporate officer brings a unique blend of leadership, vision, experience and creative energy to the company.
From mobile payments and value-added transactional innovations such as Digital Provider and Aptito to e-commerce and retail payment transaction processing brands like Payonline and United Payments, Net Element is transforming the online and mobile experience.
Net Element (NETE), closed the day's trading session at $8.87, off by 0.22%, on 549,618 volume with 2,324 trades. The average volume for the last 60 days is 934,115 and the stock's 52-week low/high is $2.556/$33.51.
- JGR Capital Initiates Coverage on Net Element, Inc. (NETE)
- Net Element, Inc. (NASDAQ: NETE) Subsidiary Launches New Same-Day Funding Service
- NetworkNewsBreaks – SeeThruEquity Updates Coverage on Net Element, Inc. (NASDAQ: NETE)
Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8)
Subject to all requisite regulatory approvals, Victory Square Technologies Inc. (CSE:VST) (OTC:VSQTF) (FWB:6F6) will acquire 9.09% of all issued and outstanding shares of LocoNoco Inc., a cloud-native decision-making platform, for $500,000 USD in total consideration.
Victory Square Technologies Inc. (VSQTF) is a venture builder that creates, funds and empowers entrepreneurs working in the fields of blockchain technology, virtual reality, artificial intelligence, personalized health, gaming and film. As a technology incubator, Victory Square invests in game-changing entrepreneurs who are provided access to education programs, global mentorship networks, distribution partners, creative workspaces, resources, and other forms of operational support to help them scale internationally.
Victory Square has made multiple early partnerships and investments in the blockchain space. Approximately three years ago the company incubated and invested in BTL Group, which is now a $150 million dollar TSX-listed company offering blockchain solutions across multiple industries with particular focus on the finance, energy and gaming sectors. BTL’s showcase product – Interbit – is a blockchain platform that facilitates the rapid development of business applications that dramatically improve efficiency. Some of the world’s largest institutions are using Interbit to explore new opportunities on private blockchains.
A new social sports betting platform to be developed by Victory Square’s wholly owned subsidiary, FansUnite Media Inc. As a social sports data platform, FansUnite relies on robust data to allow members of its community to engage with like-minded individuals by collaborating, discussing, and predicting the winners of sporting events with a free virtual currency. The integration of blockchain technology into FansUnite’s social sports data platform could also lead to blockchain initiatives developed by other divisions and subsidiaries of Victory Square.
Integral to the FansUnite platform is the introduction of FAN Tokens, an in-game currency purchased with the cryptocurrency Ethereum that token holders can use to place wagers. FansUnite members will be able to earn FAN Tokens through participation in any number of networking effects identified in the company’s Bounty program.
“Blockchain technology and the inherent security it provides will enable us to push every envelope we can to build the most dynamic and responsive social sports betting platform,” said Darius Eghdami, Co-Founder and Chief Executive Officer of FansUnite. “The opportunity to secure data through Blockchain certainly appeals to the accountant in me and we are confident it will become the gold standard among sports betting sites around the world.”
Company subsidiary Victory Square Health Inc., which serves as the venture arm dedicated to companies focused on the development of solutions in personalized health technologies, has also invested in Personalized Biomarkers Inc. (PBI). PBI develops test kits that reliably predict the expected response to a number of therapies prior to prescription, with an initial focus on diabetes. Within this field, five potential biomarkers have been identified, allowing PBI to enter a $4 billion market opportunity.
“We are excited for the opportunity to partner with Personalized Biomarkers as they have correctly identified a massive market opportunity, and have formed an exceptional team of industry leaders,” said Shafin Diamond Tejani, Chief Executive Officer of Victory Square. “This is another investment that is fully aligned with our newly created subsidiary, and one we expect to significantly impact the landscape of personalized medicine.”
A partnership with Insight Diagnostics Inc., also through Victory Square Health, will focus on the development of a personalized diagnostic solution for the improved management and prevention of Type II diabetes.
The company’s investment in V2 Games, a development and publishing studio of high-quality mobile games, is another example of incubating great ideas. V2 Games is well known for its successful launch of PAC-MAN Bounce and Beast Brawlers, two of the company’s releases that are capturing the gaming world by the millions of downloads.
In a move designed to strengthen its presence in film and entertainment, Victory Square has acquired a 40 percent equity stake in United Film Fund II, LLC, which is producing three major motion pictures in 2017 and 2018 including “What They Had,” starring two-time Academy Award winner Hilary Swank.
“This kind of investment in entertainment and film represents a major plank for our Company going forward and we consider ourselves fortunate to have the opportunity to acquire this 40% stake in the Film Fund,” said Tejani, who has launched more than 40 startups in 21 countries that employ hundreds of people and generate more than $100 million in annual revenues. “We believe it’s another strong initiative in film production for us and our stakeholders,” he added.
Victory Square has strategically positioned itself in the legal cannabis industry through an investment in Tantalus Labs, a Canadian-based cannabis cultivation company. Tantalus Labs optimizes plant health and sustainable cultivation by using a unique, environmentally controlled greenhouse engineered specifically for growing cannabis. Called a “SunLab,” the greenhouse takes 90 percent less electricity, uses filtered rainwater, and cools the growing environment to prevent stagnant moisture, recycling the air every 7 minutes to achieve maximum airflow.
Victory Square and its leadership team have seamlessly transitioned from its former identity as Fantasy 6 Sports Inc, a company focused solely on fantasy sports, mobile gaming and immersive sports, to a strategic technology company that creates, funds and successfully executes leading-edge ideas. A long-time technology entrepreneur and advocate of the industry, Tejani received the Person-of-the-Year Award at the 2017 Technology Impact Awards in British Columbia, a hallmark award category that recognizes betterment of the tech industry through leadership and philanthropic or enterprise skills and talents. Tejani has pledged to match up to $1 million in donated funds to be shared by a number of Canadian endeavors aimed at education and child-safe projects.
“These are exciting and important steps in the evolution and growth of our Company, and which properly and fully align with our strategic plan focusing on our core competencies in Blockchain Technology, Artificial Intelligence, Gaming, Personalized Health, Film and Virtual, Augmented and Mixed Reality,” said Tejani. “We’re spurred on by the success we have had in building on our original forays into fantasy sports, mobile gaming and immersive sports. In addition, we are energized by our most recent initiatives in sports, personalized health and entertainment and the confidence being shown by our shareholders in the dynamic direction of the Company.”
Victory Square Technologies and its management team believe innovation, incubation of excellent ideas and social responsibility are at the core of its growing success.
Victory Square Technologies Inc. (VSQTF), closed the day's trading session at $1.22, off by 2.40%, on 39,160 volume with 52 trades. The average volume for the last 60 days is 41,348 and the stock's 52-week low/high is $0.298/$3.32.
- Victory Square Enters into Definitive Agreement to Acquire 9.09% of LocoNoco Inc.
- NetworkNewsAudio Announces Audio Press Release (APR) on Victory Square Technologies, Inc. Executing Enterprise-Level Solutions with Blockchain
- NetworkNewsWire Announces Publication on Blockchain’s Impact on Freelance Market
Marijuana Company of America Inc. (MCOA)
Marijuana Company of America, Inc. (OTC: MCOA), a corporation engaged in the research and development of health and wellness-targeted legal hemp-based consumer products along with other endeavors in the legal cannabis market, recently announced that it has engaged direct-to-consumer marketing firm Eddy Pham & Company to manage retail marketing and advertising for its hempSMART™ branded products (http://cnw.fm/H6eq4).
Marijuana Company of America Inc. (MCOA) (the “Company”) are pioneers in the cannabis industry going back to 2009 when Don Steinberg, MCOA’s CEO, founded the first marijuana company ever to trade on a U.S. stock market, Medical Marijuana Inc. Since then, Don and his partner, Charlie Larsen, have formed Global Hemp Group and Marijuana Company of America. They have experienced the shift of legislation first hand, not only for the legalization of marijuana but also the emerging hemp-based CBD products.
The CBD market is growing exponentially and consequently the founders of MCOA have constructed their business model around the development of industrial hemp-based CBD products. The industrial hemp plant can be used to produce products that are carbon neutral or even carbon negative. It is one of the longest, strongest natural fibers on earth, used as a building material that is free of mold, pesticide-resistant, and fire proof. Hemp has also been described as a “super food,” which provides additional business opportunities. No part of the plant is left unused and the Company’s overall strategy is to take advantage of every profit center from farm to the multiple valuable finished products.
The cannabis and hemp industries are experiencing unprecedented growth that is expected to continue for many years as these industries are now accepted globally and continue to mature and expand. North American consumers spent $6.7 billion on legal cannabis products in 2016, up 34% from 2015’s $5 billion. This trend is widely expected to explode at a 27% compounded annual growth rate to reach $22.6 billion by 2021, according to ArcView Market Research.
The company offers investors the opportunity to be on the forefront of cannabis and hemp innovation through cultivation, processing in the legal cannabis and industrial hemp sectors. The Company’s business model includes producing a diverse portfolio of synergistic business segments that provide value to its shareholders. Its vertically integrated business model and distribution platforms are positioned to capture market share by developing recognizable and valuable brands.
Under the MCOA umbrella, wholly owned subsidiary hempSMART™, Inc. is committed to bringing high quality CBD-based products to the market through its affiliate marketing program. Through hempSMART, MCOA’s strategic approach to the distribution of products is through a networking architecture geared to maintain customer loyalty and capture market share. The patent-pending product “hempSMART Brain,” is designed to revolutionize the safe and effective support of healthy brain function. The brand new product, HempSMART DROPS, is a full-spectrum CBD tincture formulated with hemp and fractionated coconut oils. The hempSMART marketing team has decades of experience, and is well positioned to take the hempSMART brand to a global audience.
Marijuana Company of America Inc. (MCOA), closed the day's trading session at $0.0327, off by 3.25%, on 10,814,584 volume with 418 trades. The average volume for the last 60 days is 6,611,594 and the stock's 52-week low/high is $0.0181/$0.0728.
- Marijuana Company of America Inc. (MCOA) Engages Eddy Pham and Company to Launch hempSMART(TM) CBD Retail Marketing Campaign
- Marijuana Company of America, Inc. (MCOA) Takes Stand for Consumer Access to Booming Cannabis and Hemp Markets
- CannabisNewsBreaks – Marijuana Company of America, Inc. (MCOA) Delivers Comprehensive Suite of Services to the Hemp and Cannabis Markets
EVIO, Inc. (EVIO)
EVIO Inc. (OTCQB:EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, is pleased to announce the appointment of David Kane as its new chief financial officer.
EVIO, Inc. (EVIO), via the EVIO Labs division, is the nation’s leading provider of accredited analytical testing, scientific research and advisory services to the regulated cannabis industry. EVIO Labs provides state-mandated ancillary services that are required to ensure the safety and quality of the nation’s cannabis supply. EVIO Labs has performed over 50,000 tests during the past two years and grown from one laboratory in Oregon to nine labs spanning California, Oregon, Colorado, Massachusetts and Florida.
EVIO Labs is driving the cannabis testing industry by providing clients nationwide with consistent high-quality cannabis analytical services backed by quality control assurances. The company also provides advisory services that help cannabis producers and retailers enhance production processes, achieve regulatory compliance and meet quality goals.
EVIO Labs is on track to open 18 laboratories by the end of 2018 at locations around the United States. The Oregon-based company provides analytical services that include testing cannabis and industrial hemp flower, extracts and infused products. The labs specialize in performing the following tests:
- Cannabinoid analysis, which properly characterizes the many primary cannabinoids found in cannabis including THC, CBD, and several other cannabinoids.
- Terpene analysis, which identifies the aromatic compounds of the plant (terpene), which can help identify the therapeutic potential of a cannabis flower or extract.
- Moisture content and water activity, which measure the moisture levels of dried cannabis and are indicators of microbiological growth potential.
- Pesticide residue analysis of over 100 different pesticides, herbicides, fungicides, growth regulators and other agrochemicals that may be present on cannabis.
- Detection of harmful residual solvents left behind in the cannabis extract production process.
- Microbial testing screen for bacterial and fungal contamination in cannabis and cannabis-infused products.
- Detection of heavy metals including lead, cadmium, mercury, and arsenic.
EVIO Labs is rapidly becoming the nation’s leading cannabis biotechnology company. Led by a management team with extensive experience in designing and rolling out successful business ventures, product research and development, regulatory and compliance protocols, medical cannabis cultivation, production and analytical chemistry techniques, EVIO Labs is prepared to take advantage of today’s fastest growing industry.
EVIO, Inc. (EVIO), closed the day's trading session at $1.23, off by 3.91%, on 31,976 volume with 56 trades. The average volume for the last 60 days is 81,405 and the stock's 52-week low/high is $0.47/$2.70.
- EVIO Inc. Announces Appointment of David Kane as Chief Financial Officer
- CannabisNewsBreaks – EVIO, Inc. (EVIO) Well-positioned for Expansion in the Cannabis Analysis and Testing Space
- Strong Leadership Team Guides EVIO, Inc. (EVIO) toward 2018 Goal of Opening 18 Cannabis Testing Labs
Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP)
Drug delivery platform innovator Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) this morning announced positive topline results following the completion of its first ingestible nicotine in vivo absorption study. To view the full press release, visit: http://nnw.fm/ysB11.
Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) has developed and out-licenses its proprietary technology for improved taste, rapidity, and delivery of bioactive compounds, including cannabinoids. Though boasting a wide range of health benefits, cannabinoids are traditionally poorly absorbed by the body’s gastrointestinal tract. To achieve higher effectiveness, consumers usually default to smoking. Lexaria provides a superior administration method by delivering hemp oil ingredients – or through locally licensed partners, cannabis oil ingredients – through a patented process within food products.
The key differentiator between Lexaria’s products and others on the market is the company’s disruptive technology proven to enhance the absorption of orally ingested cannabinoids while improving the “unusual” taste of cannabinoids and allowing for lower overall dosing with higher efficacy. Lexaria is primarily a B2B enterprise, and is in licensing discussions or has existing agreements with companies in Canada, the largest-market states in the USA, and internationally. Lexaria has also developed its own brands partly for demonstration purposes, utilizing its patented technology to infuse hemp oil ingredients within lipids in popular foods. These brands include ViPova™, Lexaria Energy Foods, and TurboCBD™.
In 2015, Lexaria commissioned an independent, third-party lab to test its technology under carefully monitored in vitro conditions. Results showed that the company’s technological process and lipid formulation both improve intestinal absorption as much as 500%. Additional follow-up studies in human volunteers suggested that Lexaria’s processed, lipid-infused tea may be more effective in an actual gastrointestinal system than in an in vitro simulation with results indicating as much as a 1,000% increase in overall absorption.
Lexaria also has an R&D partnership with the Canadian government’s National Research Council. That R&D is expected to characterize molecular bond formation theorized to occur with Lexaria’s unique technology between the lipid delivery agents and the bioactive substances it processes and combines. Results from this R&D are expected to support accelerating B2B relationships – not just in the cannabis industry, but also to support new B2B business relationships in the fields of vitamins, NSAIDs, and nicotine delivery. All of these sectors expected to offer additional future growth potential.
Aside from testing, a critical component of Lexaria Bioscience’s business model is a strong intellectual property portfolio that utilizes the most commonly used food processing techniques. As of 2017, the company’s patent portfolio includes 19 patent applications filed and pending in more than 40 countries around the world. The most recent patent applications expand Lexaria’s lipophilic food and beverage composition claims to include the processing of cannabinoids, vitamins, NSAIDs and nicotine in many of the world’s most commonly used food processing ingredients. Lexaria is expecting additional new patent awards both in the USA and internationally in 2017 and 2018.
Royalties play a vital role in Lexaria’s revenue-generating business model. The company out-licenses its technology (royalty) to third party partners, and has several deals signed and/or pending. The company’s growth initiatives are guided by a management team headed by CEO Chris Bunka, a serial entrepreneur who has raised more than $50 million in working capital for the companies he has led over the course of his career. He is supported by a team of professionals with extensive experience in pharmaceutical and bioscience sectors, invention, toxicology, consumer goods, and other relevant skillsets.
Lexaria Bioscience Corp. (LXRP), closed the day's trading session at $1.2425, off by 1.39%, on 306,698 volume with 386 trades. The average volume for the last 60 days is 240,705 and the stock's 52-week low/high is $0.27/$2.54.
- NetworkNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Reports Positive Topline Results from DehydraTECH Absorption Study
- Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Expands Patented Drug Delivery Portfolio with New Breakthroughs
- Lexaria Bioscience Corp. Receives New U.S. Patent Allowance for Cannabinoid Delivery and Updates Its Expanding Patent Portfolio
Hiku Brands Co. Ltd. (DJACF)
Hiku Brands Company. Ltd. (CSE: HIKU) (OTC: DJACF) has gained an early sales license for its subsidiary company and is setting up state-of-the-art growing facilities ready for the legal change and, as such, the company was highlighted today in a new article from CannabisNewsWire.
Headquartered in British Columbia’s picturesque Okanagan Valley, Hiku Brands Co. Ltd. (CSE: HIKU) (OTC: DJACF) iis a premium cannabis lifestyle brand growing high-quality handcrafted cannabis flower. Hiku’s wholly owned subsidiary is a licensed producer of cannabis under the ACMPR that has requested its Pre-Sales License Inspection, the last step prior to receiving a license to sell cannabis under the ACMPR. Hiku’s Dominion Facility is a state-of-the-art ACMPR licensed production facility capable of producing approximately 660 kg year of dried cannabis flower. Hiku’s second facility, a 22,580 sq ft warehouse, “the FUTURE LAB”, is targeting its Phase 1 completion by Q2 2018 and once the facility is fully built-out utilizing an industry leading multi-tier system powered by LED lighting provided by Fluence BioEngineering, Hiku’s annual production capacity is expected to be in excess of 5,000 kgs. Hiku was founded by the proven entrepreneurial team that started SAXX Underwear®.
On December 21, 2017, Hiku and TS Brandco Holdings Inc. (“Tokyo Smoke”) announced that they have entered into a binding Letter of Intent (“LOI”) to merger the two companies and create a uniquely positioned cannabis company combining a best-in-class craft cannabis producer with an award-winning lifestyle brand and retail-focused cannabis company. It is anticipated that the combined company resulting from the merger will use the name “Hiku Brands Company Ltd.” (“Hiku”) to refer to the brand house containing premium cannabis brands DOJA, Tokyo Smoke, and Van der Pop.
Hiku recently closed on a $10 million strategic equity investment from Aphria Inc. (“Aphria”) (TSX:APH and US OTC: APHQF) to expand their product offering ahead of the recreational market.
Upon completion of the merger, Hiku will have a robust cash position of approximately $31 million, which it plans to invest in expanding its cannabis production capacity, growing its retail footprint, and adding select brands to its portfolio through highly strategic and complementary acquisitions.
About Tokyo Smoke
Founded in 2015 by Alan and Lorne Gertner, Tokyo Smoke is an award-winning cannabis lifestyle brand that brings sophistication and design to the fast-growing industry. With immersive experiences and design-first, non-dispensary retail spaces selling coffee, cannabis accessories and design products, the brand has six locations in Canada, with plans to expand nationwide. Recently named “Brand of the Year” at the Canadian Cannabis Awards, Tokyo Smoke has showcased excellence in brand storytelling, and has developed an international reputation as the go-to destination for engaging content offerings within the industry. With the acquisition of fellow designer cannabis brand Van der Pop, and by partnering with Aphria Inc. (TSX: APH and US OTC: APHQF) and WeedMD (TSXV: WMD), Tokyo Smoke continues to be the leading Canadian brand in the cannabis space.
Hiku is focused on handcrafted cannabis production, immersive retail experiences, and building a portfolio of iconic, engaging cannabis lifestyle brands. Hiku is differentiated as the only Canadian craft cannabis producer with a significant national retail footprint and a growing brand house including premium cannabis lifestyle brands DOJA, Tokyo Smoke, and Van der Pop.
Hiku’s wholly owned subsidiary, DOJA Cannabis Ltd., is a federally licensed producer pursuant to the ACMPR, owning two production facilities in the heart of British Columbia’s Okanagan Valley. The company operates a network of retail stores selling coffee, clothing and curated accessories, across British Columbia, Alberta and Ontario.
Hiku Brands Co. Ltd. (DJACF), closed the day's trading session at $1.32, off by 8.33%, on 71,544 volume with 169 trades. The average volume for the last 60 days is 128,667 and the stock's 52-week low/high is $0.20/$3.8799.
- Canadian Cannabis Sector Thriving Despite Slow Legalization Process
- Hiku's licensed cannabis producer (DOJA) receives cannabis sales license from Health Canada
- Countdown to Canada’s Recreational Cannabis Industry Enters Retail Territory
Medical Cannabis Payment Solutions (REFG)
Incorporated in 2013, Medical Cannabis Payment Solutions (OTC: REFG) specializes in state-of-the-art financial services. These services are structured to serve the medical cannabis and banking industries. The company provides end-to-end management, across numerous systems, serving the state-sanctioned medical marijuana industry. Also today, CannabisNewsWire released a report highlighting the company, which details how REFG is among the top players enabling marginalized cannabis-related businesses and other high-risk industries to thrive.
Medical Cannabis Payment Solutions (REFG), headquartered in Cheyenne, Wyoming, is a first-tier merchant processing cannabis industry pioneer, offering one of the first and only comprehensive card processing operations of its kind to serve the state-sanctioned medical marijuana industry. The company’s state of the art system, which also tracks sales and tax collection, and eliminates the need to deal in cash-only transactions.
Through its robust, closed-loop merchant processing system, the company’s unique “StateSourced” proprietary system enables authorized operation under FinCEN parameters and complies with all regulatory frameworks. StateSourced is tailored to deliver full-spectrum merchant processing services, providing the convenience of modern commercial card processing resources and making it the first operation of its kind geared to the legal cannabis industry.
StateSourced is not a prepaid or gift card, which is an important variable for merchants since standard banking institutions have not offered this form of payment processing to the legal cannabis industry. Federal law still considers marijuana illegal under the Controlled Substances Act, although 29 states and the District of Columbia have legalized the plant either for medicinal or recreational uses or both. This restriction has kept financial institutions at bay since most banks are federally insured and haven’t been inclined to venture into the nascent industry.
Medical Cannabis Payment Solutions is able to offer its StateSourced card on a state-by-state basis where the card can be used in purchasing product from a legal, authorized vendor, providing a much-needed option for consumers and businesses alike. In another first, the company is collaborating with First Bitcoin Capital Corporation to integrate First Bitcoin’s cryptocurrency ($Weed) with Medical Cannabis Payment Solutions’ StateSourced payment gateway. This collaboration will allow state-licensed marijuana establishments across the nation to accept both StateSourced debit cards and cryptocurrencies such as WeedCoin and Bitcoin.
Medical Cannabis Payment Solutions president and CEO Jeremy Roberts and his executive team are working with state lawmakers to introduce legislation in an effort to address the growing problems in banking for the medical cannabis industry. For companies in the emerging legal cannabis industry, where retail and non-retail transactions such as vendor payments and payroll are almost exclusively paid for with cash, the solutions offered by StateSourced can help businesses avoid the inherent risks associated with a cash-intensive sector. Medical Cannabis Payment Solutions has also signed its first StateSourced contract with a Las Vegas-based vertically integrated marijuana establishment.
“We’ve completed our transition from development stage to revenue stage,” says Roberts. “We have just started our business development efforts and the market is responding very well. We anticipate having many more, similar releases.”
Medical Cannabis Payment Solutions provides end-to-end management across multiple systems for medicinal marijuana operations. The company solves the fragmentation problem experienced by many of these rapidly growing companies by identifying tools that are important to dispensaries and customizing those tools to meet the specific needs of this unique industry.
Medical Cannabis Payment Solutions (REFG), closed the day's trading session at $0.0341, off by 12.56%, on 870,808 volume with 116 trades. The average volume for the last 60 days is 362,229 and the stock's 52-week low/high is $0.0161/$0.12.
- Medical Cannabis Payment Solutions (REFG) Serves the State-Sanctioned Medical Marijuana Industry
- Cash-Heavy Cannabis Industry Looking for Alternative Fintech Banking Solutions
- Medical Cannabis Payment Solutions (REFG) Enables Online Enrollment for Proprietary 'Green' Payment System
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