The QualityStocks Daily Stock List
- Katanga Mining Limited (KATFF)
- Propanc Biopharma, Inc. (PPCB)
- CloudCommerce, Inc. (CLWD)
- Right On Brands, Inc. (RTON)
- PeerLogix, Inc. (LOGX)
- Solar Alliance Energy, Inc. (SAENF)
- DroneGuarder, Inc. (DRNG)
- OncBioMune Pharmaceuticals, Inc. (OBMP)
- Fortescue Metals Group Limited (FSUMF)
- AmpliTech Group, Inc. (AMPG)
- Rhino Resource Partners LP (RHNO)
Katanga Mining Limited (KATFF)
Stockwolf, OTC Markets, Insider Financial, Stockhouse, 24hGold, The Street, InvestorsHub, 4-Traders, and Stockwatch reported on Katanga Mining Limited (KATFF), and today we highlight the Company, here at the QualityStocks Daily Newsletter.
Katanga Mining Limited, via its subsidiary, Kamoto Copper Company SA, engages in copper and cobalt mining and related activities in the Democratic Republic of Congo (DRC). The Company operates a large-scale copper-cobalt project with considerable high-grade mineral reserves and integrated metallurgical operations in the DRC.
Katanga Mining is headquartered in Whitehorse, Yukon Territory. Additionally, the Company has corporate offices in Zug, Switzerland, and Johannesburg. Katanga operates a large-scale copper-cobalt mine complex in the DRC by way of two joint ventures (JVs). These are Kamoto Copper Company (KCC) and DRC Copper and Cobalt Project (DCP).
Katanga Mining’s assets include the Kamoto Underground Mine and KOV open pit mine. They provide sulfide and oxide ores respectively.
Its assets also include the Kamoto Concentrator and Luilu Metallurgical Plant for the onsite production of refined copper and cobalt. In addition, the Company has several other mines and plants. The Kamoto Project started commercial production on June 1, 2008.
Earlier this month, Katanga Mining announced its financial results for Q4 and 2017 Fiscal Year. For Q4 2017, the Company sold 451 tonnes of finished copper cathode. This represents a $3.3 million increase over Q3 2017 during which period there were no finished copper cathode sales. For 2018, Katanga Mining reiterated its 2018 production guidance of 150,000 tonnes and 11,000 tonnes of copper cathode and cobalt contained in hydroxide respectively.
This week, Katanga Mining announced that it was notified on April 20, 2018 that its JV partner, the Democratic Republic of Congo (DRC) state-owned La Générale des Carrières et des Mines (Gécamines), in the Company’s
75 percent DRC operating subsidiary Kamoto Copper Company (KCC), started legal proceedings in the DRC to dissolve KCC following KCC’s failure to address its earlier disclosed capital deficiency or, alternatively, if the Court provides KCC with a period of time within which to regularize the situation, to request the appointment of an expert to assess and report to the Court on KCC’s financial position and the recapitalization plan.
A court hearing is scheduled to take place in the DRC on May 8, 2018. The Court may grant KCC a maximum period of six months to regularize the situation. Katanga Mining believes that it has a number of options to resolve KCC’s capital deficiency and avoid KCC’s dissolution.
Katanga Mining Limited (KATFF), closed Tuesday's trading session at $0.87748, up 18.58%, on 1,095,740 volume with 536 trades. The average volume for the last 60 days is 189,646 and the stock's 52-week low/high is $0.2575/$2.25.
Propanc Biopharma, Inc. (PPCB)
Investing News and InvestorsHub reported on Propanc Biopharma, Inc. (PPCB), and we highlight the Company as well, here at the QualityStocks Daily Newsletter.
Propanc Biopharma, Inc. is a clinical stage biopharmaceutical company listed on the OTCQB. It focuses on the development of new and proprietary treatments for cancer patients suffering from solid tumors such as pancreatic, ovarian, and colorectal cancers. The Company has developed a formulation of anti-cancer compounds that exert many effects designed to control or prevent tumors from recurring and spreading throughout the body. Propanc Biopharma is based in Australia.
The Company is developing a long-term therapy based on a pancreatic proenzyme formulation to prevent tumour recurrence and metastasis. Its lead product, PRP, is a novel, patented, formulation consisting of two proenzymes mixed in a synergetic ratio. PRP is a solution for once daily intravenous administration of a combination of two pancreatic proenzymes trypsinogen and chymotrypsinogen, for the treatment of pancreatic cancer.
Propanc Biopharma (after extensive laboratory research and a limited amount of human testing) has evidence that PRP decrease cancer cell growth via promotion of cell differentiation; enhances cell adhesion and may suppress metastasis progression; and has no serious side effects and improves patient survival.
The Company has received Orphan Drug Designation (ODD) from the Food and Drug Administration (FDA) for the use of its lead product, PRP. The approved indication is one of the most lethal malignancies with a median survival of 6 months and a 5-year survival rate of under 5 percent.
Recent development progress for PRP includes successful completion of a GLP-compliant, 28-day repeat-dose toxicity study with no toxicological findings after administration. This indicates a broad safety margin. It provides adequate data to support a safe starting dose for First-In-Human studies.
Recently, Propanc Biopharma announced it submitted a request for Orphan Drug Designation (ODD) to the FDA for PRP, a solution for once daily intravenous administration of a combination of two pancreatic proenzymes trypsinogen and chymotrypsinogen. The proposed orphan drug indication for PRP is the treatment of ovarian cancer.
Mr. James Nathanielsz, Chief Executive Officer of Propanc Biopharma, said, "Obtaining orphan drug designation from the FDA for our PRP therapy for ovarian cancer is a significant regulatory milestone that we are looking forward to, and will be a positive step forward in Propanc Biopharma's ongoing efforts to develop effective treatments for metastatic cancer."
Last week, Propanc Biopharma announced that it has made considerable recent progress towards full scale Good Manufacturing Process (GMP) manufacture of its lead product, PRP, for First-In-Human studies, expected to begin next year.
Research and development activities conducted with the Company’s European Contract Manufacturing Organization (CMO) experienced in the production of biopharmaceuticals, have been successful in developing a process that can purify and stabilize the two active drug substances of the PRP formulation, trypsinogen and chymotrypsinogen.
This is a vital requirement during the manufacturing process. Therefore, Propanc is ready to start engineering runs of manufacturing the finished drug product, before full scale GMP manufacture of PRP for human trials.
Propanc Biopharma, Inc. (PPCB), closed Tuesday's trading session at $0.064, up 0.16%, on 436,765 volume with 37 trades. The average volume for the last 60 days is 708,166 and the stock's 52-week low/high is $0.053/$2.00.
CloudCommerce, Inc. (CLWD)
Epic Stock Picks, Wolf of Penny Stocks, MoneyTV, and Investor News Source reported previously on CloudCommerce, Inc. (CLWD), and we report on the Company as well, here at the QualityStocks Daily Newsletter.
OTCQB-listed, CloudCommerce, Inc. is a provider of cloud commerce services to foremost brands. The Company is a worldwide provider of cloud-driven e-commerce and mobile commerce solutions. CloudCommerce also strategically acquires profitable cloud commerce solutions providers with strong management teams. The Company’s aim is to be a full-service provider of cloud commerce solutions for medium, large, and global enterprises. CloudCommerce has its corporate office in Santa Barbara, California.
The Company’s services include the development of highly customized and sophisticated online stores; real-time integration to other business systems; digital marketing and data analytics; complete and secure site management; and integration to physical stores. CloudCommerce’s objective is to capitalize on the growth in technology industry subsets: Security Technology, Cloud Computing, Business Analytics, Storage, and Wireless, through acquiring strong companies in a roll-up strategy.
CloudCommerce acquired Indaba Group (Denver, Colorado). Indaba is an e-commerce developer concentrating on the Magento platform. The acquisition of Indaba Group brings a profitable and growing operation into CloudCommerce’s operations that combine well with its present e-commerce development operations.
Indaba Group is a strategic e-Commerce agency. Indaba specializes in enterprise software development, e-Commerce platform development, creative services, as well as customer experience management
CloudCommerce has its new digital marketing division. The new division will provide services including Content Marketing, Marketing Automation, Social Media Strategy/Marketing, Search Marketing, Account-Based Marketing, Sales Enablement, Data Analytics, and Brand Strategy/Brand Experiences.
The Company’s plan is to expand into these areas of focus by way of direct sales efforts to existing clients, prospective clients and joint partnerships, and via the strategic acquisition of digital marketing services firms.
CloudCommerce earlier this year executed a merger agreement under which it acquired 100 percent of Parscale Creative, Inc. Parscale Creative comprises certain assets spun out of Giles-Parscale, Inc., a San Antonio-based enterprise owned by Brad Parscale and Jill Giles. After closing the transaction, Parscale Creative was renamed Parscale Digital, Inc. Parscale is a fast-growing provider of enterprise digital marketing services.
Last month, CloudCommerce announced that it acquired 100 percent of WebTegrity, Inc. The company is a provider of enterprise digital marketing services. WebTegrity is based in San Antonio, Texas. WebTegrity serves clients such as Generations Federal Credit Union, University Health System, UTSA, Petco Foundation, and Animal Defense League.
The consideration for the WebTegrity acquisition was paid in the form of 10,000 shares of the Company's Series E Preferred Stock, with a stated value of $100 per share. Each one share of Series E Preferred Stock is convertible into 2,000 shares of the Company's common stock.
CloudCommerce, Inc. (CLWD), closed Tuesday's trading session at $0.0237, up 16.18%, on 122,083 volume with 9 trades. The average volume for the last 60 days is 46,486 and the stock's 52-week low/high is $0.0061/$0.0625.
Right On Brands, Inc. (RTON)
PennyStockVault, Barchart, Stockhouse, Capital Cube, Investors Hangout, SmallCapVoice, InvestorsHub, MarketWatch, OTC Markets, YCharts, and Investors News Magazine reported on Right On Brands, Inc. (RTON), and we also report on the Company, here at the QualityStocks Daily Newsletter.
Right On Brands, Inc. is a consumer goods company based in Santa Monica, California. It specializes in the brand development of health conscious, hemp-infused food and beverage products. Right On Brands consists of three subsidiaries. These are Endo Brands, Humbly Hemp, and Humble Water Company. Right On Brands lists on the OTCQB.
Right On Brands is developing, marketing, and investing in industrial hemp, cannabis, adaptogenic superfoods and natural water for a new generation of health-conscious consumers.
Endo Water is pH balanced and micro-clustered for antioxidant protection. It is also oxygenated for improved performance and energy. Endo Water is available in Berry Acai, Lemon Lime, Cucumber, and Watermelon flavors.
Endo Water is infused with a 99.5 percent pure CBD oil, processed using Nano Technology. This makes the particles one-millionth of its normal size. This process allows the Nano-Sized CBD's to immediately penetrate one’s cells versus the lengthy process of being absorbed by the body's digestive system.
Humbly Hemp is a product line of hemp-based products. Each Humbly Hemp bar is kosher, vegan, soy free, dairy free, and gluten-free. Additionally, they are free of all top 11 allergens. The basis of the Company’s protein bars are with gluten free rolled oats, hemp seeds, as well as plant protein.
The Humble Water Company product is a natural spring water sourced from an ancient ice age aquifer at the foothills of the Rocky Mountains located at the only triple watershed in North America. Humble Water is high in natural alkalinity and is pure.
This month, Right On Brands announced that it created a joint venture (JV) with Centre Manufacturing, LLC (Minnesota headquartered) to create ENDO Labs. ENDO Labs was established to fill the void in the hemp derived CBD market for the creation and manufacturing of quality formulated CBD products.
ENDO labs can formulate food, beverage, skin-care/topical, supplements, pet, and can take on advanced formulations and products to any customers’ preference. In addition, ENDO Labs will have the function of brokering CBD oil for its customers, and clients.
Right On Brands will have 51 percent ownership of the JV with Medical Biochemist Dr. Ashok Patel's Centre Manufacturing. The new company will develop, manufacture and produce "white label" products for other companies looking to retail cannabis based products under their own label.
Right On Brands, Inc. (RTON), closed Tuesday's trading session at $0.2446, up 1.92%, on 22,200 volume with 5 trades. The average volume for the last 60 days is 23,690 and the stock's 52-week low/high is $0.1681/$0.74.
PeerLogix, Inc. (LOGX)
MarketWatch, InvestorsHub, Stockopedia, Marketwired, OTC Markets, Stockhouse, Barchart, The Street, DreamTeamNetwork, Business Insider, and Simply Wall St. reported on PeerLogix, Inc. (LOGX), and today we highlight the Company, here at the QualityStocks Daily Newsletter.
PeerLogix, Inc. is an advertising technology and data aggregation company listed on the OTC Markets’ OTCQB. PeerLogix provides a proprietary Software-as-a-Service (SAAS) platform that enables the tracking and cataloguing of over-the-top viewership and listenership. This is to determine consumer trends and preferences based upon media consumption. PeerLogix has its head office in New York, New York.
The Company’s focus is on delivering simple and flexible solutions its customers require to accurately recognize more consumers, define key audience segments, and manage customer acquisition and retention efforts. PeerLogix’s patent pending platform collects over-the-top data, including IP addresses of the streaming and downloading parties, the name, media type, and genre of media watched, listened or downloaded.
This platform uses licensed and publicly available demographic and other databases to further filter the collected data. This is to provide insights into consumer preferences to digital advertising firms, product and media companies, as well as entertainment studios and others.
The PeerLogix Real-Time Interaction System makes it easy for its clients to reach their customers who interact with their brand on numerous different channels at any time. Subsequently, the client can respond to their customers with contextually relevant messages that meet real-world needs.
Last month, PeerLogix announced a partnership with adsquare, the mobile-first data exchange, to provide PeerLogix data on adsquare's Audience Management Platform. The partnership will permit buyers in adsquare's Platform to buy PeerLogix's OTT engagement data comprising greater than 170 million households watching television programming, movies, or listening to music, globally.
adsquare is the mobile-first data exchange. It brings together advertisers and data providers in a fair, secure and privacy-friendly manner. The platform has been built mobile-first and operates in real-time. It allows advertisers to take advantage of data for audience targeting and precise moment marketing.
Today, PeerLogix announced select weekly estimates for the week ending December 10, 2017, as compiled by its proprietary measurement services. Annapurna’s “Detroit” was in first with a leading 329,000 hours streamed across all major and mid-major markets. Lionsgate Film’s Leatherface was in second with 290,000 hours streamed. Smith Global Media’s “Valley of Bones,” CJ Entertainment’s “Confidential Assignment” and Lionsgate Film’s “American Assassin,” rounded out the top five with 258, 195 and 172 thousand hours streamed, respectively.
PeerLogix is the established standard for tracking non-subscription based over-the-top viewership data of television, movies, and listeners of music worldwide.
PeerLogix, Inc. (LOGX), closed Tuesday's trading session at $0.0864, up 0.82%, on 770 volume with 1 trade. The average volume for the last 60 days is 17,364 and the stock's 52-week low/high is $0.04/$0.145.
Solar Alliance Energy, Inc. (SAENF)
Stockscores, OTC Markets and Stockhouse reported on Solar Alliance Energy, Inc. (SAENF), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Solar Alliance Energy, Inc. is a sales, marketing and development company listed on the OTC Markets’ OTCQB. It concentrates on residential, commercial, and industrial solar installations. The Company previously went by the name Finavera Solar Energy, Inc. It changed its name to Solar Alliance Energy, Inc. in January of 2016. Solar Alliance Energy has its corporate headquarters in Vancouver, British Columbia.
The Company has developed (since its founding in 2003) wind and solar projects that provide enough electricity to power 150,000 homes. Since 2003, Solar Alliance Energy has developed more than 360MW of renewable energy projects and then sold them to utilities or large independent power producers. Moreover, the Company has installed greater than 10,000 residential solar systems in southern California.
Solar Alliance Energy’s certified sales professionals will analyze and discuss one’s electricity usage. They will take a look at a customer’s rooftop using digital imaging and provide a customized solar solution for their home.
Upon designing a custom solar solution, the Company sends its installation team to conduct a professional site survey at one’s home. This involves taking precise measurements and assessing the condition of a customer’s roof and electric panel.
Last month, Solar Alliance Energy announced it will build a 2.4 MW commercial solar project for a Fortune Global 500 company in the Southeast United States. It will design, engineer and construct the 2.4 megawatt ground mount solar project.
The Project is the largest sold so far by Solar Alliance Energy. It is equivalent to constructing 480 average-sized residential solar systems. The Company has already secured equipment for the Project. In addition, solar panels have already been delivered to the site. Estimated completion for the Project is Q3 2018.
This month, Solar Alliance Energy announced it completed the installation of a 182 kilowatt (kW) commercial solar project on the rooftop of Precision Part Systems in Winston-Salem, North Carolina. Design and construction of the 182 kW solar array was completed by Solar Alliance’s expanding commercial division.
This project is the largest rooftop solar project in the City of Winston-Salem and in Forsyth County. Also, this is Solar Alliance Energy’s first project in North Carolina. Precision Part Systems is a full-service contract assembly facility. It offers assembly, inspection, as well as packaging services.
Solar Alliance Energy, Inc. (SAENF), closed Tuesday's trading session at $0.0485, even for the day. The average volume for the last 60 days is 5,107 and the stock's 52-week low/high is $0.037/$0.1462.
DroneGuarder, Inc. (DRNG)
OTC Markets, Barchart, StreetRegister, Insider Financial, InvestorsHub, 4-Traders, and Emerging Growth reported on DroneGuarder, Inc. (DRNG), and today we report on the Company, here at the QualityStocks Daily Newsletter.
DroneGuarder, Inc. centers on commercializing a drone enhanced home security system as a turnkey solution. The design of its DroneGuarder Mobile App is to let users have peace of mind within arms length, whether they are in their home or not. Established in San Francisco in 2017, DroneGuarder has its head office in London, England.
The Company’s solution is app-based. It includes a drone, infrared camera, and an Android mobile app component. Upon an alarm being triggered, the DroneGuarder™ will immediately take off from a wireless charging pad.
The DroneGuarder™ assists in protecting against intruders. Upon an intruder being detected on the sensor net, one can have the drone fly to the event location. Once there, one can use the built-in microphone to issue a harsh warning to scare away intruders. If that fails, the high-quality HD film captured of the intruder can be uploaded to the cloud and forwarded to law enforcement agencies.
A variety of DJI drones is available and compatible with the DroneGuarder system. The design of the drones is to respond to commands from a user’s smart phone, and its native remote. This enables one to give it basic orders from anywhere.
DroneGuarder uses Swellpro as its drone supplier. DroneGuarder’s intention is to work jointly to embed its scanning AI image recognition technology into Swellpro’s SD5 drone platform. This will enable the DG Rescue to autonomously grid search for victims in a search area and alert the rescue crews through GPS location and streaming video where the victims are. DroneGuarder will be jointly developing DG Intruder with Swellpro using all the same technology, however it will be app based.
This past January, DroneGuarder announced the launch of its DG App on Google Play. The Company is enhancing the functionality for login and flight control including autonomously and controlled security sweeps. DroneGuarder secured new funding, which enables the Company to fund DG Rescue and DG Intruder product developments through to commercial release.
DroneGuarder believes that once both of its products are launched it will sell 5,000 to 10,000 drone units in the first year. The Company has its channels to market already in place, using Swellpro’s reseller network. Swellpro in 2017 sold roughly 6,000 drones.
DroneGuarder, Inc. (DRNG), closed Tuesday's trading session at $0.0511, up 2.20%, on 115,955 volume with 14 trades. The average volume for the last 60 days is 342,803 and the stock's 52-week low/high is $0.0375/$1.26.
OncBioMune Pharmaceuticals, Inc. (OBMP)
MissionIR, Otcstockexchange, Whisper from Wall Street, and Journal Transcript reported on OncBioMune Pharmaceuticals, Inc. (OBMP), and today we are reporting on the Company, here at the QualityStocks Daily Newsletter.
OncBioMune Pharmaceuticals, Inc. is a clinical stage biopharmaceutical company. It engages in the development of targeted cancer therapies, a proprietary cancer vaccine technology, and commercialization of a portfolio of products globally. OncBioMune has a proprietary Vaccine Technology designed to stimulate the immune system to attack its own cancer while not hurting the patient. The Company incorporates scientifically proven and clinically validated treatments for cancer. OncBioMune Pharmaceuticals is based in Baton Rouge, Louisiana. The Company lists on the OTCQB.
OncBioMune Pharmaceuticals’ lead product is ProscaVax™. This is its novel cancer vaccine for prostate cancer. ProscaVax is now undergoing evaluation in a Phase 1 clinical study at the University of California San Diego Moores Cancer Center and Veterans Hospital in La Jolla, California, funded in part by the Department of Defense US Navy Cancer Vaccine Program.
ProscaVax consists of a combination of prostate cancer associated PSA with the biological adjuvants interleukin-2 (IL-2) and granulocyte-macrophage colony-stimulating factor (GM-CSF).
Moreover, the Company has a portfolio of targeted therapies. Some of these are biosimilars to blockbuster drugs. OncBioMune has developed the therapeutic cancer vaccine for prostate cancer patients using similar techniques developed for breast cancer patients.
OncBioMune states that it is tested and laboratory proven and that it could become the standard of care for prostate cancer treatment. OncBioMune Pharmaceuticals uses patented technology developed and or acquired by the Company.
In September 2017, OncBioMune Pharmaceuticals announced that it successfully attained development milestones in formulation and stability with tretinoin, also known as all-trans retinoic acid (ATRA). This is an oral drug for the treatment of Acute Promyelocytic Leukemia (APL). The Company owns the commercialization rights for tretinoin throughout Mexico, Central America, and Latin America.
Earlier this month, OncBioMune Pharmaceuticals provided the latest data from its successfully completed Phase 1 trial of ProscaVax for prostate cancer, suggesting a durable response 31 weeks post-therapy. In the Phase 1 clinical trial, hormone-naïve and hormone-independent recurrent prostate cancer patients with rising prostate specific antigen (PSA) were treated with six intradermal injections of ProscaVax.
Dr. Jonathan Head, Chief Executive Officer at OncBioMune Pharmaceuticals, said, “I’m very excited about this data, as I can’t think of another study to have 75 percent of recurrent prostate cancer patients with rising PSA experience stable disease nearly eight months after therapy ended. .. Now, we have to expand the therapeutic range and increase the number of patients enrolled in mid-stage research, but the data to date certainly is encouraging to provide a safe and effective treatments for the millions of men battling prostate cancer today.”
OncBioMune Pharmaceuticals, Inc. (OBMP), closed Tuesday's trading session at $0.0145, up 13.28%, on 1,213,895 volume with 40 trades. The average volume for the last 60 days is 2,118,457 and the stock's 52-week low/high is $0.01/$0.2339.
Fortescue Metals Group Limited (FSUMF)
Equity Clock, OTC Markets, Marketbeat, InvestorsHub, YCharts, TradingView, and InvestorVillage reported on Fortescue Metals Group Limited (FSUMF), and we also highlight the Company, here at the QualityStocks Daily Newsletter.
Based in East Perth, Western Australia, Fortescue Metals Group Limited is an international leader in the iron ore industry. The Company has grown to be one of the largest global iron ore producers. It currently produces 170 million tonnes of iron ore per annum. Fortescue Metals Group’s shares trade on the OTC Markets. The Company was founded in 2003.
Fortescue Metals owns and operates integrated operations spanning three mine sites in the Pilbara, the five berth Herb Elliott Port in Port Hedland, and the fastest, heavy haul railway globally. Fortescue now supplies 17 per cent of China’s seaborne iron ore.
The Company has a fleet of four Fortescue Ore Carriers. Four more are to be delivered in Fiscal Year (FY) 2018.
Fortescue Mining is the first company in Western Australia to control a railway from outside a region of operation. Furthermore, it is the first company in the world to use CAT autonomous haulage technology on a commercial scale.
Fortescue continues to undertake early stage, low cost exploration on coppergold prospective tenements in South Australia and New South Wales. In addition, the Company has assessed high potential, early stage exploration tenements in Ecuador, where it was granted 32 exploration areas.
Fortescue Metals has expanded autonomous haulage at Chichester Hub. The expansion of the Company’s autonomous haul fleet has marked a major milestone, with the first trucks fitted with Autonomous Haulage Technology (AHS) now in operation at Christmas Creek.
The conversion of roughly 100 haul trucks at the Chichester Hub will see Fortescue Metals Group become the first iron ore operation internationally to have a fully autonomous fleet.
The Chichester Hub in the Chichester Ranges, consisting of the Cloudbreak and Christmas Creek mines, has an annual production capacity of 100mtpa from three Ore Processing Facilities (OPF).
The Company’s operations also include The Solomon Hub in the Hamersley Ranges. The Solomon Hub is positioned 60 kilometers north of Tom Price and 120 kilometers to the west of Fortescue Metals’ Chichester Hub.
Fortescue Metals wholly owns and operates its purpose designed rail and port facilities. These were built to deliver iron ore from its mines to Port Hedland and on to its customers. The Company’s railway covers 620 kilometers of track.
Fortescue Metals also has its Iron Ore Projects. Its Iron Bridge Project is 100 kilometers south of Port Hedland. This is a JV between Fortescue Metals Group, Taiwan’s Formosa Group, and China’s Baosteel Group, incorporating the world class North Star and Glacier Valley Magnetite ore bodies.
The Company’s Iron Ore Projects also include the Firetail Replacement Project. Firetail is a vital element of the Fortescue Blend product.
Fortescue Metals Group Limited (FSUMF), closed Tuesday's trading session at $3.39, down 5.83%, on 3,375 volume with 12 trades. The average volume for the last 60 days is 13,802 and the stock's 52-week low/high is $3.22/$4.79.
AmpliTech Group, Inc. (AMPG)
Trading Wall St, Penny Stock Gainers, RockingPennyStocks, BestStocksDaily, Wallstreetbuzz, AllPennyStocks, SmallCapVoice, PennyStocks24, Information Solutions Group, fusionspicks, Jet-Life Penny Stocks, OTCMagic, Ascending Stocks, Pumps and Dumps, HoleinOneStocks.net, HotStockProfits, and Fortune Penny Stocks reported on AmpliTech Group, Inc. (AMPG), and we highlight the Company as well, here at the QualityStocks Daily Newsletter.
AmpliTech Group, Inc. designs, develops, and manufactures custom and standard state-of-the-art RF Low Noise Amplifiers (LNA) and Power Amplifiers (PA). These are for the domestic and international, SATCOM, Space, and Military markets. The Company also provides consulting services to help with any microwave components or systems design problems. AmpliTech Group is headquartered in Bohemia, New York.
The Company provides its customers with consulting services for their system development. Additionally, AmpliTech provides technical assistance in integration and packaging technologies and microwave sub-systems and amplifier related sub-assemblies.
AmpliTech’s designs encompass the frequency spectrum from 50 kHz to 40 GHz - eventually providing designs up to 100 GHz. The Company can provide complex, custom solutions for almost any custom requirements presented to it. It can provide contract assembly of customers' own designs.
AmpliTech uses the most modern CAD microwave simulation technology to design and develop from concept to final manufacture of a deliverable product with premier accuracy. AmpliTech expects to release new products targeted at the wireless and satellite markets, which will provide advanced technology and performance.
In 2017, AmpliTech Group announced that it entered into a Joint Venture (JV) Agreement with Trusted Networks, Inc. (TN). TN is a New York, New York based private company with facilities in Colorado Springs and Nashua, New Hampshire.
The focus of the JV is to develop an affordable mixed signal chipset, which can be used at server/router level as well as in mobile PDA applications to provide secure and encrypted communication with the aim of preventing hacking and cyber-attacks.
This month, AmpliTech Group announced that its subsidiary, AmpliTech, Inc. was awarded a General Services Administration (GSA) Multiple Award Contract initially valued at an estimated $500,000. The contract started April 6, 2018. It ends on April 5, 2023 with the potential of three (5) year options to extend it. The contract can increase in value since this enables AmpliTech to access numerous open government solicitations as a GSA Multiple Award Recipient.
Fawad Maqbool, President and Chief Executive Officer of AmpliTech Group, stated, “ The GSA purchases over $45 Billion of Goods and Services required to operate the Federal Government and its over 800 Federal Agencies. Securing this contract is very beneficial for our organization to increase contracting opportunities with the United States government. Our amplifiers have many applications for government agencies such as the Army, Navy, Air Force, DoD, Administration services, and many others (over 800 in all) in terms of communication equipment (surveillance drones, Wi-Fi solutions, radar systems, satellite payloads and ground stations to name just a few).”
AmpliTech Group, Inc. (AMPG), closed Tuesday's trading session at $0.034, up 4.62%, on 512,140 volume with 27 trades. The average volume for the last 60 days is 139,895 and the stock's 52-week low/high is $0.0296/$0.396.
Rhino Resource Partners LP (RHNO)
TopPennyStockMovers, Marketbeat, Wall Street Mover, and PCG Advisory reported earlier on Rhino Resource Partners LP (RHNO), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Rhino Resource Partners LP is a diversified energy limited partnership. The Company focuses on coal and energy related assets and activities. This includes energy infrastructure investments. Rhino is a diversified energy MLP (Master Limited Partnership). It produces coal in numerous basins in the U.S. Rhino Resource Partners is headquartered in Lexington, Kentucky.
Rhino produces metallurgical and steam coal in a variety of basins throughout the U.S. Additionally, Rhino leases coal through its Elk Horn subsidiary. The Company’s strategy is to acquire coal reserves and properties with relatively long lives and that could undergo development with low risk at a reasonable cost.
Via acquisitions and other coal lease transactions, Rhino Resource Partners has appreciably increased its proven and probable coal reserves and non-reserve coal deposits. Furthermore, it has successfully grown its coal production by way of internal development projects.
The Company produces steam coal used to generate electricity and metallurgical coal used in the steel-making process. Rhino also manages and leases coal properties and collects royalties from such management and leasing activities. In addition, Rhino has oil and gas investments in the Cana Woodford region that provides added cash flows to its business.
Rhino Resource Partners announced in November of 2017 that it closed an agreement with a third party to transfer 100 percent of the memberships interests and related assets and liabilities in the Partnership’s Sands Hill Mining LLC entity to the third party in exchange for a future override royalty for any mineral sold, excluding coal, from Sands Hill after the closing date.
The third party assumed the surface coal mining operations and the limestone operations at Sands Hill. The Partnership maintained ownership of an Ohio River barge loading facility that was previously owned and operated by the Sands Hill entity. The Partnership believes that this asset can provide substantial value to Rhino Resource through the sale or potential lease of the facility.
In March, Rhino Resource Partners announced its financial and operating results for the quarter ended December 31, 2017. Total Revenues for the quarter were $55.8 million, with coal sales generating $55.4 million of the total, versus Total Revenues of $44.4 million and coal revenues of $43.8 million in Q4 of 2016.
For the quarter, the Partnership reported a Net Loss of $18.7 million and Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of $6.7 million, versus a Net Loss of $3.8 million and Adjusted EBITDA of $4.6 million in Q4 2016.
Roughly $22.6 million of asset impairment charges impacted the Net Loss for the quarter ended December 31, 2017. Diluted Net Loss Per Common Unit was $1.45 for the quarter versus Diluted Net Loss Per Common Unit of $0.41 for Q4 2016.
Rhino Resource Partners now has contracted sales in place for 2018 that will surpass the levels it reached in 2017. The Company’s sales volume grew by 18 percent year over year or about one million tons in 2017 versus 2016.
Rhino Resource Partners LP (RHNO), closed Tuesday's trading session at $1.90, up 5.56%, on 376 volume with 6 trades. The average volume for the last 60 days is 1,486 and the stock's 52-week low/high is $1.10/$4.29.
The QualityStocks Company Corner
- Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP)
- Global Payout, Inc. (GOHE)
- Epazz, Inc. (EPAZ)
- ChineseInvestors.com (OTCQB: CIIX)
- First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF)
- Consorteum Holdings, Inc. (CSRH)
- Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF)
- Sharing Services, Inc. (SHRV)
- SinglePoint, Inc. (OTCQB: SING)
- Hiku Brands Co. Ltd. (DJACF)
- Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF)
Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP)
CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article covering Lexaria Bioscience Corp. (CSE:LXX) (LXX.CN) (CNSX:LXX) (OTCQX:LXRP), developer of the DehyraTECH™ platform for improving the bioavailability of active pharmaceutical ingredients (APIs). Also today, NetworkNewsWire released a report on the company detailing how
LXRP recently announced a significant breakthrough in alternative nicotine delivery technology that was first proven effective in cannabinoid or CBD delivery. Additionally, CannabisNewsWire released a report on the company today detailing how LXRP’s starting a human clinical study in Europe on the health effects of its high absorption TurboCBD™ capsules.
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 $1.53, up 12.50%, on 519,236 volume with 532 trades. The average volume for the last 60 days is 225,786 and the stock's 52-week low/high is $0.27/$2.54.
- Lexaria Achieves Breakthrough in $21.8 Billion Smoking Cessation Industry -- CFN Media
- Innovative Cannabis Delivery Technology Boosts Discovery, Momentum in Biotech Sectors
- Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Begins Human Clinical Study of Its High Absorption TurboCBD Capsules
Global Payout, Inc. (GOHE)
Global Payout Inc. (OTCPink:GOHE) (“Global”) is pleased to announce that, MoneyTrac Technology, Inc. (“MTRAC”, the “Company”), of which Global is a significant shareholder (currently 18% ownership), announced today that its presence this past weekend at two of San Diego’s most popular community events, Bayked and EarthFair, were hugely successful in helping the Company’s PotSaver brand connect with a diverse range of individuals and businesses from all parts of San Diego and surrounding communities. Also today, CannabisNewsWire released a report on the company detailing how GOHE is providing payment systems for high-risk ventures such as the cannabis industry, saving vendors from the need to operate exclusively on cash.
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 $0.0288, up 9.09%, on 23,510,576 volume with 823 trades. The average volume for the last 60 days is 12,058,148 and the stock's 52-week low/high is $0.0099/$0.16.
- MoneyTrac’s PotSaver Brand Joins San Diego Cannabis Community at Local Events
- Cannabis Industry Leads the Way in Payments Revolution
- CannabisNewsAudio Announces Audio Press Release (APR) on Global Payout, Inc. Meeting Needs in the "Green Rush" Cannabis Revolution
Epazz, Inc. (EPAZ)
Epazz, Inc. (OTC: EPAZ), a leading provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, has announced that the company has recorded operational income for the year ending in 2017.
Epazz, Inc. (EPAZ) is a leading provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions that specializes in providing customized web applications to the corporate world, higher education institutions and the public sector. The company’s strategic expansion into the investment fintech software space can be seen in the recent acquisition of the android app CryptoFolio, which securely tracks and manages Bitcoin and Altcoin portfolios. Epazz, Inc., which acquired the software rights, source code and user base of CryptoFolio, plans to add additional cryptocurrencies and languages to the app, along with an iOS version to attract more users.
Epazz also offers ZenaPay Bitcoin wallet, which has been downloaded more than 10,000 times since its launch on the Play Store. A subsidiary of Epazz, ZenaPay is a financial technology company that offers a unique, secure and reliable Bitcoin payment app, allowing consumers to acquire Bitcoin at the point-of-sale. The consumer can then use this digital currency to make a purchase with ease. The CryptoFolio business model provides free features to attract users and then allows users to purchase additional features from $1.99 to $5.99 each. CryptoFolio is a great add-on app for ZenaPay, and future versions of CryptoFolio will include an option to download ZenaPay.
“We are starting 2018 with ZenaPay on both major mobile apps’ platforms,” said Shaun Passley, PhD, CEO and founder of Epazz. “We are in the processing of developing new blockchain technology which will introduce an additional source of revenue streams for our company.”
Epazz technology makes it easy to convert legacy systems into cloud business process software, for which the company then charges an annual subscription fee. Epazz has acquired 11 software companies that have converted or are in the process of converting their legacy software products to cloud software using Epazz technology. Epazz then markets the new cloud-based solutions to new and existing customers.
Epazz’s unique BoxesOS™ applications can create virtual communities for enhanced communication, provide information and content for decision-making, and create a secure marketplace for any type of commerce. Epazz has also filed a provisional patent for its new blockchain smart legal contract technology that reduces fraud in business transactional contracts. The technology allows for a transactional contract to become a living contract that is tracked and traced; it also verifies that a section of terms within a contract are followed and that all parties of an agreement obey the terms of the contract.
“Blockchain-based technology is the future of the Internet,” Passley said. “Epazz will add blockchain technology to all of our products in the coming months using our blockchain cloud platform, BoxesOS. The company has been working with customers to understand the best uses of blockchain, and we are excited about filing the first of many blockchain patents, with many more to come.
Epazz, Inc. (EPAZ), closed the day's trading session at $0.07286, up 8.58%, on 421,169 volume with 40 trades. The average volume for the last 60 days is 232,398 and the stock's 52-week low/high is $0.0045/$0.52.
- Epazz, Inc. Reports Record 103 Percent Increase of Positive Operational Income for 2017 and Expects to Continue Revenue Growth with Blockchain Software Apps
- NetworkNewsBreaks – Epazz, Inc. (EPAZ) Creating New Sources of Revenue via Blockchain-based Technology
- Epazz ZenaPay Acquires Tap Tap Bitcoin Clicker App, Which Has Been Downloaded More Than 24,000 Times
Market analysis company ChineseInvestors.com (OTCQB: CIIX) recently announced the expansion of its cryptocurrency and blockchain technology media and internet education business into China. To view the full press release, visit: http://cnw.fm/kn8OU.
Founded in 1999, ChineseInvestors.com (CIIX) has become a leading financial information website for Chinese-speaking investors in the United States and China. Recognizing unprecedented opportunities in the U.S. cannabis industry, CIIX is also laying the groundwork to capitalize on growing demand for cannabidiol (CBD)-based nutrition and health products.
Through its primary website, www.ChineseInvestors.com, CIIX offers a variety of investor education products and services, including real-time market commentary, analysis and educational related services in Chinese language character sets; consultative services to smaller private companies considering becoming a public company; and advertising and public relations related support services.
At the center of this initiative is the ChineseInvestors Method, a unique integration of a disciplined investing process, web-based tools, personalized instructions and support. Using this strategy, CIIX provides reliable market information to help investors make informed investment decisions and meet their individualized financial goals.
CIIX is also leveraging its financial expertise to enter into the burgeoning CBD industry, which within a few years has grown from a relatively invisible sector to a billowing market expected to reach $2.1 billion in consumer sales by 2020.
The increasing demand for CBD-based products is a catalyst for innovative business endeavors. To this accord, CIIX has established a three-year development plan to capitalize on the convergence of CBD and the nutrition and health products market in mainland China, where the benefits of CBD oil have not been widely recognized.
Under a wholesale agreement with a reputable CBD health brand, CIIX is launching the world’s first online CBD health products store published in the Chinese language. The site, www.ChineseCBDoil.com, caters to a growing number of Chinese people awakening to the numerous health benefits of CBD oil for treatment of a variety of conditions such as anxiety, stress, poor sleep, Alzheimer’s disease, and more. CIIX expects to launch this website at the end of January 2017, and plans to sell CBD-infused products via online and in-store.
In conjunction, CIIX’s cannabis-focused “Yelp”-style mobile app is in development as a platform for Chinese people to review and discuss various cannabis products. The app will be the first marijuana social media mobile app designed for Chinese-speaking customers worldwide.
ChineseInvestors.com (CIIX), closed the day's trading session at $0.53, up 1.92%, on 75,861 volume with 37 trades. The average volume for the last 60 days is 62,929 and the stock's 52-week low/high is $0.40/$1.58.
- CannabisNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Establishes New Wholly Owned Foreign Enterprise
- ChineseInvestors.com, Inc. Announces the Expansion of Its Cryptocurrency and Blockchain Technology Media and Internet Education Business into China, Establishing a New Wholly Owned Foreign Enterprise, NewCoins168.com Digital Media Technology Ltd (Shanghai)
- NetworkNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Capitalizing on Growing Industries through Cryptocurrency, Blockchain Ventures
First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF)
Uptick Newswire, a leader in international micro-cap coverage and investor communication, welcomed back Trent Mell, President and CEO of First Cobalt Corporation (TSX-V:FCC) (ASX:FCC) (OTCQB:FTSSF). To listen to the full interview please click here to the following link: https://upticknewswire.com/featured-interview-ceo-trent-mell-of-first-cobalt-corp-otcqb-ftssf-3/. Also today, NetworkNewsWire released a report on the company detailing how Trent Mell, CEO of the FTSSF, talked about the company’s use of predictive analytics in its exploration activities and much more during recent interview (http://nnw.fm/Z8Op6).
First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF), with headquarters in Canada, is the largest land owner in the Cobalt Camp in Ontario with control of over 10,000 hectares (nearly 25,000 acres) of prospective land and 50 historic cobalt/silver mines. The company’s assets include a mill and the only permitted cobalt extraction refinery in North America capable of producing battery material, providing an integrated solution for cobalt projects. First Cobalt began drilling in the historic Cobalt Camp in 2017 and seeks to build shareholder value through new discovery and growth opportunities.
First Cobalt’s 2018 $C7 million drilling program, which includes testing different styles of mineralized areas throughout the Cobalt Camp in more than 10 past-producing mines known to contain cobalt, is a significant expansion over its 2017 exploration activities. The company received positive test drill results from the Bellellen mine location, with early results confirming the presence of high-grade cobalt and nickel, prompting First Cobalt to increase its drilling program at that site. A prospecting sampling program of existing muckpiles around the camp’s historic mines, trenches, pits and surrounding bedrock could provide an early production scenario.
First Cobalt Corp. is moving quickly to leverage its potential against an economic background that estimates global consumption for refined cobalt is set to grow at an average rate of approximately 5 percent per annum for the next 10 years. The electric vehicle market, in particular, is driving this sector since more than 50 percent of the world’s current production of cobalt is used in the manufacture of rechargeable lithium-ion batteries. The global lithium-ion battery market, as estimated by Zion Market Research, indicates the value at around USD $31 billion in 2016 and is expected to generate revenue of nearly USD $68 billion by end of 2022, growing at a compound annual growth rate of slightly above 17 percent.
First Cobalt is embracing innovation in the mining sector, utilizing a digital compilation of 100-plus years of mining and geological data spanning the historically prolific Cobalt Mining Camp’s lifespan. First Cobalt’s management team is also assessing the ability of artificial intelligence to accelerate the discovery cycle. As a member of the Mineral Exploration Research Centre (MERC) and Metal Earth Project, First Cobalt conducts regional geophysical surveys for geological interpretation of structures controlling cobalt-silver mineralization.
The company’s clear pathway to production and cash flow generation includes being one of only four fully permitted cobalt extraction refineries in Canada with significant material and processing infrastructure on site. With the price of cobalt increasing significantly and its importance in the growing battery market underpinning a strong long-term demand forecast, First Cobalt Corp. and its mining interests are primed for success.
First Cobalt Corp. President and CEO Trent Mell, a mining executive and capital markets professional with extensive international transactional experience, is joined by a team of reputable and seasoned deal-makers, mine builders and mine operators with decades of global experience in exploration, business development, geoscience, engineering and finance.
First Cobalt Corp. (FTSSF), closed the day's trading session at $0.57282, off by 2.42%, on 105,313 volume with 50 trades. The average volume for the last 60 days is 191,855 and the stock's 52-week low/high is $0.3148/$1.3041.
- Trent Mell, President and CEO of First Cobalt Corporation Returns to "Stock Day" with Everett Jolly
- First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) Applies Algorithmic Analytics to Look for Undiscovered Deposits at Cobalt Camp
- First Cobalt Initiates Study on Refinery Restart Requirements
Consorteum Holdings, Inc. (CSRH)
Consorteum Holdings, Inc. (OTC: CSRH) has turned the power of its complex mobile platform pursuits to a product designed for fans of cricket, a sport with the world’s second-largest fan base, despite the powerhouse proselyting of the United States’ pro basketball phenomenon (http://nnw.fm/Bh3of).
Consorteum Holdings, Inc. (CSRH) is a software development and mobile solutions company focused on the delivery of digital offerings to mobile devices. The company provides mobile offerings, delivery of mobile content, mobile payments solutions and products through a mix of direct offerings, partnerships, license agreements and joint venture arrangements. A multi-year transition from a transaction management company focused on transaction processing solutions and products for the payment processing and financial transaction markets to multiple business verticals deepens the company’s commitment to deliver innovating solutions to end users who are using smart handset devices in radical new ways.
Consorteum Holdings, utilizing its Universal Mobile Interface™ (“UMI”) solution, offers opportunities in numerous markets with its capacity to support fully regulated, regionally compliant financial and social transactions via web and mobile. The company’s UMI technology has the capacity to provide solutions in FinTech, data analytics, secure payment processing, compliance lead transaction management and various digital social event sectors. The UMI platform allows cross operating system development to support all mobile devices while addressing the complex and highly regulated needs of the mobile FinTech industry.
Led by the development team at Consorteum’s wholly owned subsidiary 359 Mobile Inc., the Company has created an end-to-end FinTech solution utilizing the company’s UMI technology platform. Current mobile application and transaction solutions are plagued by poor experiences. Because UMI’s technology platform is designed to work across innovative payment, experience and product solutions, 359 Mobile believes there are both direct and partnership opportunities for the 359 Mobile UMI solution.
Consorteum’s primary sales and marketing strategy is focused on enabling and delivering solutions to the global mobile FinTech market with an emphasis initially on mobile gaming. The trend towards increased mobile gambling supports the need for a mobile platform such as the UMI to meet existing and new compliance regulations for the online gambling industry. The online gambling market is projected to double to nearly $1 trillion by 2021, according to a study by Juniper Research, with the majority of growth in this sector attributed to mobile devices. Consorteum’s management team believes there are fresh opportunities in this sector such as Mobile Marketing Services providing one-to-one marketing experiences for consumers; offering real-time services to Mobile Sports Book operators; and providing fixed odds betting solutions as well as social-based transactional solutions.
Consorteum’s management team includes Chairman and CEO Craig A. Fielding, a co-founder of the company with extensive experience in technology, programming and large system building; and Chief Operating Officer Patrick Shuster, who has over 25 years of business experience in sales, engineering, operations and marketing for the telecommunications industry. They are joined by John Osborne, SVP of Technology of ThreeFiftyNine Inc., an innovator in embedded systems hardware and software design; Patrick Doran, SVP of business development and marketing with over 30 years of diversified experience in major corporations as well as early stage companies; and Glenn Charlesworth, VP of Accounting, a seasoned executive with a solid track record in financial reporting, strategic planning, general management and operations, finance, start-up situations, and cash flow challenged operations.
Consorteum Holdings is committed to bridging the mobile divide by providing mobile connectivity, secure transactional processing and social connectivity solutions for both cloud and hosted based offerings in multiple business sectors.
Consorteum Holdings, Inc. (CSRH), closed the day's trading session at $0.0009, even for the day, on 2,440,666 volume with 11 trades. The average volume for the last 60 days is 6,868,072 and the stock's 52-week low/high is $0.0005/$0.0085.
- Consorteum Holdings, Inc. (CSRH) Advances Mobile Gaming Innovations with Sports Analytics Platform
- NetworkNewsBreaks – Consorteum Holdings, Inc. (CSRH) Subsidiary to Combine Analytic Solutions with Universal Mobile Interface through Joint Business Agreement
- NetworkNewsBreaks – Consorteum Holdings, Inc. (CSRH) Set to Exploit Market as Mobile Gaming Gains Momentum
Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8)
Victory Square Technologies Inc. (CSE:VST) (OTC:VSQTF) (FWB:6F6) is pleased to update investors on the strong performances by three of its portfolio companies.
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 $1.20, up 1.69%, on 85,635 volume with 73 trades. The average volume for the last 60 days is 38,450 and the stock's 52-week low/high is $0.298/$3.32.
- Victory Square Technologies Provides Investor Update on Strong Portfolio Performances
- 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
Sharing Services, Inc. (SHRV)
Based in Plano, Texas, Sharing Services, Inc. (OTC: SHRV) is a company focused on providing a dynamic channel for entrepreneurs in network marketing and the direct selling industry to succeed and grow their businesses.
Sharing Services, Inc. (SHRV) headquartered in Plano, Texas, is a diversified holding company focused on reshaping how entrepreneurs succeed today. Sharing Services Inc. owns, operates or controls an interest in a variety of companies specializing in the direct selling industry that either sell products to the consumer directly through independent representatives or offer services that range from health and wellness, energy, technology, insurance services, training, media and travel benefits. SHRV has created the “Blue Ocean Strategy,” which melds three keys together to implement the company’s vision. These keys include elevating home-based entrepreneurs, known as “Elepreneurs,” utilizing the direct selling channel to generate 100 percent organic growth, and sending as many successful company “families” as possible on vacation.
Sharing Services Inc. subsidiaries include:
- A growing international network of home-based entrepreneurs, called “Elepreneurs”
- Growing selection of health and wellness products dedicated to elevating the well-being of all people
- Insurance from auto, home and life to health benefit discounts and health insurance that help families elevate their options
- Wholesale travel and payment programs with travel concierges that empower more families to go on vacation
- Live seminars and training events – from Vacationars™ to EduTainment – that elevate the skills and knowledge of entrepreneurs around the world
- Unique compensation and reward programs crafted to help entrepreneurs elevate their health, wealth and happiness
Sharing Services recently expanded its corporate footprint by moving to a 10,000 square foot facility in Plano, Texas, that offers room to expand as the company grows and its subsidiaries flourish. The larger corporate locale provides space for a growing customer service department, product fulfillment, opportunity and training rooms, as well as a video production suite.
“The opportunity to expand to the rest of this new building over the course of the next six to 12 months ensures we won’t have to move again anytime soon,” Sharing Services Inc. Chairman Robert Oblon said. “We are on track for very significant growth here in the U.S., as well as upcoming international expansion, so this move is in preparation for what’s in front of us.”
The company recently signed a joint venture agreement with Health Wealth & Happiness Limited (“HWH”) to expand its “Elepreneurs” brand and market its products throughout Asia. The newly formed company will be named “Elepreneurs Asia Limited” and will have marketing and sales rights to China, Hong Kong, Macau, South Korea, Japan, Taiwan, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand, Vietnam and Papua, New Guinea. A soft launch of the Elepreneur program is scheduled sometime later in 2018 with HWH CEP Fai Chan and his team leading the effort. Formed in Hong Kong, Health Wealth & Happiness Limited is dedicated to working with visionary partners like Sharing Services Inc. to deliver the best products and services to improve the well-being of consumers.
Nearly 1,000 people attended Sharing Services, Inc.’s first “Elepreneur Happiness Convention,” held March 2-3, 2018, in Dallas, Texas. Attendees arrived from several countries including the U.S., Canada, Mexico, Singapore and Hong Kong. Keynote speakers included several internationally known motivational leaders – Shawn Achor, Sandra Yancey, John Fleming and Les Brown – who provided exceptional material and inspirational discussion points.
“The enthusiasm of our attendees and the early success that we are experiencing is incredible considering our growth has been 100 percent organic, with almost no marketing from the company,” Oblon said. “I’m speechless by the dedication of our Elepreneur leaders and their entire teams, as they share our incredible line of products that have helped so many people.”
Sharing Services and its management team plan to travel the U.S. to hold several mini conferences to expand on the messages presented at its Happiness Convention that focus on helping people become “healthier, happier and wealthier.” Details of the company’s aggressive global expansion initiatives are soon to be announced, Oblon said.
The law firm of Gardere Wynne Sewell LLP has been retained as outside corporate counsel for all general business matters. The Dallas-based law firm will represent Sharing Services, Inc., and its subsidiaries as the company utilizes the direct selling channel for a significant component of its overall growth strategy.
John “JT” Thatchwas appointed president and chief executive officer of Sharing Services, Inc., at a March 1, 2018, annual shareholder meeting. Thatch has successfully started, owned and operated several sized businesses in various industries. His experience with corporate growth, acquisitions, financing and negotiation in fast-paced and flexible environments will significantly assist Sharing Services Inc. as the company aims to expand and increase revenues.
Sharing Services, Inc. (SHRV), closed the day's trading session at $0.299, up 6.60%, on 80,448 volume with 13 trades. The average volume for the last 60 days is 46,783 and the stock's 52-week low/high is $0.125/$1.15.
- Sharing Services, Inc. (SHRV) Provides a Dynamic Platform for Entrepreneurial Business Growth
- NetworkNewsBreaks – Sharing Services, Inc. (SHRV) Offers Entrepreneurs a Path to Success
- Sharing Services, Inc. (SHRV) Sales Soar as Social Media Magnifies its Direct Selling Model
SinglePoint, Inc. (SING)
SinglePoint Inc. (OTCQB:SING) announces the latest development of its cannabis payment solutions platform alongside a flurry of cannabis-related news released by members of various political parties over the past week. Also today, NetworkNewsWire released a report on the company detailing SING’s latest developments related to its cannabis payment solutions platform. Additionally, the company was featured in a CannabisNewsWire report explaining how SING is working hard in this sector, while bringing bitcoin payments into the mainstream.
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 $0.0338, even for the day, on 9,469,213 volume with 375 trades. The average volume for the last 60 days is 8,499,938 and the stock's 52-week low/high is $0.0132/$0.415.
- SinglePoint Continues Expansion into Cannabis Industry as Proposed Legislation Favors Industry Growth
- NetworkNewsBreaks – SinglePoint, Inc. (SING) Details Latest Developments Related to Cannabis Payment Solutions Platform
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Hiku Brands Co. Ltd. (DJACF)
Hiku Brands Company, Ltd. (CSE: HIKU) (OTC: DJACF) was highlighted today in a report from NetworkNewsWire on how early regulations are shaping the future of Canadian cannabis.
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 $1.26, off by 1.49%, on 58,798 volume with 122 trades. The average volume for the last 60 days is 133,239 and the stock's 52-week low/high is $0.20/$3.8799.
- Early Regulations are Shaping the Future of Canadian Cannabis
- Canadian Cannabis Sector Thriving Despite Slow Legalization Process
- Hiku's licensed cannabis producer (DOJA) receives cannabis sales license from Health Canada
Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF)
CFN Media Group, the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing Choom™ Holdings Inc. (CSE:CHOO.CN) (OTCQB:CHOOF) and recent developments that show its commitment to spreading its Hawaiian-inspired good times and premium cannabis far beyond its British Columbia home. Also today, NetworkNewsWire released a report on the company detailing how CHOOF, with its growing portfolio of four late-stage licensed producer applicants, is primed to pounce on the new market opportunity presented by the August or September 2018 official launch date for recreational cannabis across Canada.
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 $0.6823, off by 2.94%, on 168,218 volume with 192 trades. The average volume for the last 60 days is 126,867 and the stock's 52-week low/high is $0.125/$0.8612.
- Regional Diversity Important for Retail Cannabis Operators in Canada -- CFN Media
- Early Regulations are Shaping the Future of Canadian Cannabis
- NetworkNewsAudio Announces Audio Press Release (APR) on Choom Holdings Inc. Cultivating Opportunity in Growing Canadian Cannabis Market
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