The QualityStocks Daily Stock List
- FRMO Corporation (FRMO)
- H/Cell Energy Corporation (HCCC)
- Better Choice Company, Inc. (BTTR)
- General Cannabis Corp. (CANN)
- Where Food Comes From, Inc. (WFCF)
- Corvus Gold, Inc. (CORVF)
- TerrAscend Corp. (TRSSF)
- Magellan Gold Corporation (MAGE)
- Gold Fields Limited (GFI)
- First Acceptance Corporation (FACO)
- Thunder Mountain Gold, Inc. (THMG)
- Freedom Leaf, Inc. (FRLF)
- InnerScope Hearing Technologies, Inc. (INND)
- Intrusion, Inc. (INTZ)
FRMO Corporation (FRMO)
Business Wire, Business Insider, Stockwatch, and OTC Markets reported previously on FRMO Corporation (FRMO), and today we are reporting on the Company, here at the QualityStocks Daily Newsletter.
FRMO Corporation invests in and receives revenues based upon consulting and advisory fee interests in the asset management sector. The Company, by way of its 4.95 percent interest in Horizon Kinetics, LLC, operates as an investment advisory and independent research company. FRMO's shares trade on the OTC Markets. Incorporated in 1993, the Company has its corporate office in White Plains, New York.
FRMO provides in-depth analysis of information-poor, under-researched companies, and strategies to identify the complex situations chiefly to institutional investors. The Company had 43,976,781 shares of common stock outstanding as of February 28, 2019.
Horizon Kinetics, LLC was founded in 1994. It is an independently owned and operated investment adviser. Horizon Kinetics has more than 70 employees, with main offices in New York City and White Plains, New York. With a long-term absolute return mindset, and founded on first-hand research, Horizon's portfolios tend to be concentrated and avoid tracking or mimicking any benchmark or index.
Horizon Kinetics offers separately managed accounts, mutual funds and alternative investment products suitable for individual and institutional investors, via its wholly-owned registered investment advisers. These include the Kinetics Mutual Funds, Inc. series of open-end registered investment funds.
Recently, FRMO reported its financial results for the 2019 Q3 that ended February 28, 2019 (May Fiscal Year). The Company's book value as of February 28, 2019 was $171.0 million ($3.89 per share on a fully diluted basis). This includes $46.8 million of non-controlling interests. The figure from the prior fiscal year-end as of May 31, 2018 was $146.9 million ($3.34 per share). This includes $27.6 million of non-controlling interests.
FRMO's net (loss) income attributable to the Company for the three months ended February 28, 2019 was $(686,989) ($(0.02) per share basic and diluted). This is in comparison to $13,053,961 ($0.30 per share) for the quarter ended February 28, 2018. FRMO's Board of Directors approved a 2019 Stock Repurchase Plan. As such, the Company will buy back up to 360,000 shares of its common stock in the open market, from time to time during 2019, as it sees fit.
FRMO Corporation (FRMO), closed Wednesday's trading session at $5.52, up 3.18%, on 4,417 volume with 13 trades. The average volume for the last 3 months is 7,340 and the stock's 52-week low/high is $4.00/$8.48.
H/Cell Energy Corporation (HCCC)
Street Insider, 4-Traders, Stockwatch, Uptick Newswire, Marketbeat, Financial Buzz, OTC Markets, Market Screener, Simply Wall St, Stockhouse, Wallet Investor, and Morningstar reported earlier on H/Cell Energy Corporation (HCCC), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
OTCQB-listed, H/Cell Energy Corporation designs and implements clean energy solutions featuring hydrogen and fuel cell technology. The Company is an integrator that concentrates on the design and implementation of clean energy solutions including solar, battery, fuel cell and hydrogen generation systems. Via its subsidiaries, it also provides environmental systems and security systems integration. H/Cell Energy is headquartered in Dallas, Texas.
H/Cell serves the residential, commercial and government sectors. The Company has developed and implemented a hydrogen energy system used to totally power a residence or commercial property with clean energy. This is so it can run independent of the utility grid as well as provide energy to the utility grid for monetary credits. The innovative system uses renewable energy as its source for hydrogen production.
The design of the HC-1 system is to provide clean energy for a better environment. The system eliminates the electric bill and dependence on fossil fuels. In addition, it allows one to benefit with tax and energy credits while helping make the environment safe for future generations.
The HC-1 system is completely scalable. Upon installation, the HC-1 system operates as a self-sustaining energy system providing electricity and/or hydrogen fuel for transportation.
Last week, H/Cell Energy announced financial results for its Q1 ended March 31, 2019. For the three months ended March 31, 2019, the Company generated Revenue of $1,704,273 and a Net Loss of $143,638. This includes $111,153 of non-cash charges, which do not affect the cash flow performance or working capital of H/Cell. This amounts to a $(0.02) per share loss.
Comparatively, for Q1 ended March 31, 2018, H/Cell Energy generated $1,726,324 and a Net Loss of $110,969. This included $53,001 of non-cash charges. This also amounted to a $(0.02) per share loss.
Mr. Andrew Hidalgo, H/Cell Energy Chief Executive Officer, said, "The first quarter is typically our slowest quarter of the year; however, the subsidiaries were profitable and performed well."
H/Cell Energy Corporation (HCCC), closed Wednesday's trading session at $1.00, up 47.06%, on 100 volume with 1 trade. The average volume for the last 3 months is 33 and the stock's 52-week low/high is $0.51/$2.29.
Better Choice Company, Inc. (BTTR)
Stockwatch, Stockhouse, OTC Markets, Barchart, Biz Journals, Financial Buzz, Real Investment Advice, InvestorsHub, Pot Stock News, Investors Hangout, and The Street reported earlier on Better Choice Company, Inc. (BTTR), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Better Choice Company, Inc. is a pet health and wellness portfolio company listed on the OTC Markets Group's OTCQB. It centers on the development of animals and adults health and wellness products under the TruPet and Bona Vida brands. The Company previously went by the name Sport Endurance, Inc. It changed its name to Better Choice Company, Inc. in March of this year. Better Choice Company has its corporate office in New York, New York.
The Company's emphasis is better health and wellness choices for pets and people. Its professional Management Team has deep operational know-how of manufacturing, sales, distribution and finance. Better Choice's vertical integration and operational proficiency allows a streamlined and scalable distribution chain.
Better Choice offers consumers a broad array of recognized premium pet products and hemp-derived CBD (cannabidiol) supplements. Its portfolio includes a widely-encompassing approach to pet health and wellness. This is from freeze-dried raw foods to all natural treats and supplements for nutritional intake, to oral care products and hemp-derived chews and oils for health maintenance.
Earlier this month, Better Choice Company announced the closing of TruPet LLC, an online seller of ultra premium all natural pet food, treats and supplements, with a special focus on freeze dried and dehydrated raw products, and Bona Vida, Inc., a CBD platform, centered on developing a portfolio of brand and product verticals within the animal and human health and wellness space.
Mr. Damian Dalla-Longa, Co-Chief Executive Officer of Better Choice Company, said, "The closing of TruPet and Bona Vida, along with our previously announced financing of approximately $17.2 million, has strengthened our position to build a well-recognized brand and pre-eminent pet food CBD and wellness company."
In addition, this month, Better Choice Company announced that it signed a memorandum of understanding (MOU) with Terrace, Inc. This is for the exclusive rights to supply hemp derived CBD from Uruguay to Better Choice for the production of its infused supplements, treats and other products for pets in the Republic of Uruguay.
Mr. Dalla-Longa said, "Teaming up with Terrace ensures that Better Choice will receive a steady supply of top-quality CBD extract which will support our growing line of Bona Vida products. In addition, our MOU with Terrace enables us to have the resources necessary to meet the increasing demand of CBD products in the pet wellness industry in Latin America."
Better Choice Company, Inc. (BTTR), closed Wednesday's trading session at $8.55, up 14.00%, on 6,099 volume with 28 trades. The average volume for the last 3 months is 6,745 and the stock's 52-week low/high is $1.326/$31.20.
General Cannabis Corp. (CANN)
Micro Small Cap, Micro Cap Daily, OTC Markets, StreetWise Reports, Pot Stock Watch, Pot Stock News, Zacks, Daily Marijuana Observer, Stockhouse, YCharts, Infront Analytics, Insider Financial, CannabisMarketCap, The Street, Green Rush Review, and Simply Wall St reported earlier on General Cannabis Corp. (CANN), and today we are reporting on the Company, here at the QualityStocks Daily Newsletter.
OTCQX-listed, General Cannabis Corp. is the comprehensive national resource to the regulated cannabis industry. It is a trusted partner to the cultivation, production and retail sides of the cannabis business. The Company was previously known as Advanced Cannabis Solutions, Inc. It changed its corporate name to General Cannabis Corp in June of 2015. General Cannabis has strong operating divisions including real estate, consulting, security, financing and the distribution of important infrastructure products to grow facilities and dispensaries. General Cannabis is headquartered in Denver, Colorado.
The Company's family of brands includes Next Big Crop (NBC); Chiefton; and Iron Protection Group (IPG). Next Big Crop (NBC) offers premier management and consulting services. NBC deploys proven solutions for every phase of medical and adult-use cannabis business operations. This is from licensure, design and construction, to the cultivation, manufacture and sale of medical-grade cannabis product.
Chiefton works to provide eco-friendly apparel, accessories, and printing techniques. Chiefton's apparel and accessories utilize textiles like hemp, organic cotton, and recycled polyester that deliver performance, comfort, and accountability. In addition, Chiefton utilizes Denver's only certifiably green screen-printing shop.
Iron Protection Group (IPG) is one of the fastest-growing security companies in the nation. IPG's operators are U.S. Veterans. They are vigilant about education pertaining to regulations in order to ensure that compliance infuses every aspect of its clients' businesses. General Cannabis' brands also include GC Capital (Capital Investments Real Estate); Next Big Crop (Operations Consultant and Products); and STOA Wellness (Consumer Goods).
General Cannabis opened on May 13, 2019, the first of its type, curated, boutique CBD (cannabidiol) storefront located at 7 Northern Blvd, in Greenvale Long Island, New York. Called STOA Wellness, the storefront and e-commerce platform will concentrate on CBD wellness products for athletes, health conscious consumers, and those who want to be at their physical best. STOA Wellness features a large area dedicated to education. It will be staffed by experienced athletes who understand how CBD can support pain relief, recovery, as well as general wellness.
General Cannabis Corp. (CANN), closed Wednesday's trading session at $1.64, up 4.46%, on 101,456 volume with 197 trades. The average volume for the last 3 months is 174,190 and the stock's 52-week low/high is $1.46/$4.51.
Where Food Comes From, Inc. (WFCF)
NetworkNewsWire, Quality Small Caps, MicroCapClub, Zacks, Wall Street Analyzer, InvestorsHub, Stockhouse, OTC Markets, MarketWatch, Uptick Newswire, Whale Wisdom, and Equity Clock reported previously on Where Food Comes From, Inc. (WFCF), and we highlight the Company as well, here at the QualityStocks Daily Newsletter.
Where Food Comes From, Inc. is a trusted resource for independent, third-party verification of food production practices in North America. The Company provides verification and certification solutions for the agriculture, livestock, and food industries in the U.S. Via its IMI Global, International Certification Services, Validus Verification Services, SureHarvest, A Bee Organic and Sterling Solutions units, its solutions are used to verify food claims, optimize production practices and enable food supply chains with analytics and data driven insights. OTCQB-listed, Where Food Comes From is based in Castle Rock, Colorado.
By way of proprietary technology and patented business processes, Where Food Comes From supports greater than 15,000 farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, consumer brands and restaurants with a broad array of value-added services. Moreover, the Company's Where Food Comes From® retail and restaurant labeling program uses web-based customer education tools to connect consumers to the sources of the food they buy.
Where Food Comes From serves beef and pork packers, organic producers and processors, and specialty retail chains. The Company offers third-party verification services to hundreds of claims, programs and markets. If a business is looking to create a new program specific to their brand, as long as its process or claim can be standardized, Where Food Comes From can create an audit platform to measure it accurately and authentically.
The Company provides accurate and transparent information about the food we eat and how, where, and by whom it is produced. It establishes a link between consumers and the people who produce food. Where Food Comes From also sells hardware; and develops software and provides services related to sustainability measurement and benchmarking, traceability, verification, and certification to the food and agriculture industries.
Last week, Where Food Comes From announced the launch of Black Angus Verified Beef. This is a new verification program designed to reassure cattle buyers and beef consumers that the claims producers and marketers make about Black Angus beef are authentic. Black Angus Verified Beef is a sub-program of Breed Verified, IMI Global's newly approved USDA Process Verified Program.
In addition, last week, Where Food Comes From announced financial results for its Q1 ended March 31, 2019. Revenue in Q1 increased 9 percent to $4.0 million from $3.6 million in Q1 last year.
Mr. John Saunders, Chairman and Chief Executive Officer, said, "Product sales increased by 81 percent in the quarter, reflecting growing momentum around traceability that sets us up for recurring revenue as those cattle move through the system over the next few years. We're also pleased with the momentum in our SureHarvest software businesses, which combined for 7 percent growth year over year."
Where Food Comes From, Inc. (WFCF), closed Wednesday's trading session at $1.72, down 4.44%, on 35,400 volume with 16 trades. The average volume for the last 3 months is 13,054 and the stock's 52-week low/high is $1.70/$2.50.
Corvus Gold, Inc. (CORVF)
NetworkNewsWire, Zacks, Stock News Now, Stock Digest, The Daily Gold, MineStat, Street Insider, Research Pool, Investing News, Stockhouse, Marketbeat, GuruFocus, Real Investment Advice, The Street, Wallet Investor, Junior Mining Network, InvestorsHub, Investors Hangout, Morningstar, The Prospector News, Equity Clock, and Trading View reported earlier on Corvus Gold, Inc. (CORVF), and today we highlight the Company, here at the QualityStocks Daily Newsletter.
OTCQX-listed, Corvus Gold, Inc. acquires, explores, and develops mineral properties mainly in the United States. The Company's mandate is to become a foremost exploration and development company with the ultimate aim of becoming a non-operating gold producer with significant carried interest and royalty exposure. Corvus Gold's principal mineral property is the North Bullfrog Project. This is a gold-silver mining project in northwestern Nye County, Nevada. Corvus Gold is headquartered in Vancouver, British Columbia.
The North Bullfrog Project comprises leased, patented, and unpatented mining claims encompassing an area of roughly 86.6 km2 consisting of a mix of private mineral leases of patented federal mining claims and 1,057 federal unpatented mining claims. The Project is 10 km north of Beatty, Nevada, and 8 km north of the Bullfrog Mine formerly operated by Barrick Gold Corporation. The North Bullfrog Project represents a large, low-sulphidation, epithermal bulk-tonnage gold system hosted in volcanic and sedimentary rocks. The project is 100 percent controlled by Corvus Gold.
Corvus Gold also has its Mother Lode Project. This Project is 165 km northwest of Las Vegas, Nevada, 10 km east of Beatty, Nevada, and about 20 road km's from Corvus' North Bullfrog project in the Walker Land gold belt. The Mother Lode Project consists of 445 federal unpatented mining claims encompassing an area of roughly 36.5 km².
Last month, Corvus Gold announced it received results from three additional holes including one testing the deep intrusive zone below the existing Mother Lode deposit. Hole ML19-109 highlights include 41.1m @ 2.83 g/t gold & 30.5m @ 1.71 g/t gold ending in 4.14 g/t gold. Hole ML19-109 tested the depth extension potential of the central part of the Mother Lode gold system in the lower plate carbonate rocks along the main intrusive dike trend. The new discovery is currently outlining an intrusive related deep gold zone below the main deposit that Corvus Gold believes could offer additional resource expansion potential.
Yesterday, Corvus Gold announced it entered into an agreement with EMX Royalty Corporation (TSX-V: EMX, NYSE American: EMX) for a CAD $900,000 private placement in Corvus and sale of royalties to EMX for CAD $350,000. Pursuant to the Private Placement, Corvus Gold will be issuing 500,000 common shares at a price of CAD $1.80 per share to EMX for gross proceeds to Corvus Gold of CAD $900,000. Furthermore, four non-core Alaskan royalty interests owned by Corvus will be sold to EMX Royalty for a purchase price paid to Corvus of CAD $350,000. This brings the total transaction with EMX Royalty to CAD $1.25M. The expectation is that proceeds of the financing will fund an expanded exploration program at the Mother Lode and the North Bullfrog projects in Nevada.
Corvus Gold, Inc. (CORVF), closed Wednesday's trading session at $1.448, up 4.17%, on 14,750 volume with 40 trades. The average volume for the last 3 months is 13,785 and the stock's 52-week low/high is $1.129/$2.72.
TerrAscend Corp. (TRSSF)
Street Signals, Hottest Stock Picks, CannabisMarketCap, Market Screener, The Seed Investor, Stockhouse, Wallet Investor, Midas Letter, New Cannabis Ventures, Profit Confidential, GuruFocus, Small Cap Power, Energy and Capital, MicroCapDaily, Trading View, Financial Content, Barchart, Seeking Alpha, The Street, and MarketWatch reported beforehand on TerrAscend Corp. (TRSSF), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
TerrAscend Corp. is a biopharmaceutical and wellness company based in Mississauga, Ontario. Its dedication is to quality products, brands, and services for the global cannabinoid market. TerrAscend participates in the medical and legal adult-use market in Canada and in U.S. States where cannabis has been legalized for therapeutic or adult-use. The Company lists on the OTC Markets Group's OTCQX.
TerrAscend operates a number of synergistic businesses. These include Arise Bioscience, Inc., a manufacturer and distributor of hemp-derived products, Ascendant Laboratories, Inc., a biotechnology and licensing Company dedicated to the continuous improvement of cannabinoid expressing plants, and Solace RX, Inc., a proposed drug preparation premises focused on the development of novel formulations and dosage forms. TerrAscend's brands include Haven St. Premium Cannabis; and Knüba Naturals, which is a line of premium cannabis products.
TerrAscend has its facility built to GMP requirements. The facility is 67,300 sq. ft., located in Mississauga. It features first-rate hydroponic cultivation. Products are lab tested to the highest standards. The facility has sterile & non-sterile drug compounding capabilities.
TerrAscend announced in January 2019 the closing of the previously reported asset acquisition of Grander Distribution, LLC. Grander is an industry leader in the production and distribution of innovative hemp-derived wellness products. Grander's whole-plant hemp extract products are made in the U.S. and are available for sale in about 10,000 retail locations worldwide.
TerrAscend recently announced the signing of definitive securities purchase agreements facilitating a major investment in three entities in California operating the award-winning retail dispensary brand known as "The Apothecarium". The purchase agreements also include the acquisitions of a vertically integrated operation in Nevada with cultivation, edible manufacturing and an Apothecarium retail location, as well as Valhalla Confections, a provider of top premium edible products.
Earlier this month, TerrAscend announced that its manufacturing facility in Mississauga, Ontario, was issued a Good Manufacturing Practice (GMP) certificate in accordance with the rules governing medicinal products in the European Union (EU). The EU GMP certification was awarded by the responsible agency, Arzneimittelbehörde, in North Rhine-Westphalia, Germany.
Furthermore, TerrAscend has entered a comprehensive sales and distribution agreement with iuvo Therapeutics GmbH (iuvo). TerrAscend expects to commence distribution via iuvo this quarter. iuvo is a German pharmaceutical wholesaler with a cannabis-specific import and distribution license.
TerrAscend Corp. (TRSSF), closed Wednesday's trading session at $5.91631, down 0.41%, on 20,032 volume with 57 trades. The average volume for the last 3 months is 50,116 and the stock's 52-week low/high is $2.88/$10.44.
Magellan Gold Corporation (MAGE)
Wallet Investor, Simply Wall St, Mining Capital, Street Insider, YCharts, InvestorsHub, The Street, Canadian Insider, Market Screener, Investors Hangout, Proactive Investors, Tmxmoney, Mining Clips, Barchart, Stockhouse, and PR Newswire reported on Magellan Gold Corporation (MAGE), and we highlight the Company as well, here at the QualityStocks Daily Newsletter.
OTCQB-listed, Magellan Gold Corporation concentrates on the exploration and development of precious metals. In November of 2017, the Company completed the purchase of the SDA Mill in the State of Nayarit, Mexico. Furthermore, in August of last year, it announced the acquisition of the close by El Dorado Gold-Silver Project. In addition, Magellan Gold owns an advanced silver exploration project in Arizona. The Company is headquartered in Reno, Nevada.
The SDA Mill is a fully operational flotation plant. It additionally includes a precious metals leach circuit and associated assets, licenses and agreements. The mill has a ten-year operating history, processing ore at a rate of 100 tons per day. Historically its operation has been founded on sales of flotation concentrates to smelters, and payment for precious metals content. The mill lies within the rich Sierra Madre Occidental mineralized belt.
The El Dorado Gold-Silver Project comprises a 50-hectare mining concession that is 50 kilometers south of the SDA Mill. El Dorado is within a district of epithermal vein systems from which historic mining produced high grades. Drilling in 2010-2011 identified gold-silver resources on two veins that hold promise for underground mining. Upon completion of permitting and obtaining financing, Magellan Gold's intention is to start mining at a production rate of 100 tons per day.
Last month, Magellan Gold announced that it engaged the services of senior mining consultant, Mr. David E. Drips, to provide guidance in the evaluation, design and development of Magellan's El Dorado Gold-Silver mining project. The Company has continued to advance El Dorado, which lies 50 kilometers south of the Company's SDA Mill. Magellan Gold plans to process the ore at the SDA Mill once the new mine is developed.
This month, Magellan Gold provided an update on its El Dorado Gold-Silver Mine and its SDA Mill in Nayarit State, Mexico. In March, Magellan gained the support of the local permitting officials. The Company anticipates the new federal administration will favor the permitting of El Dorado, including both environmental and explosives permits, allowing the mine's economic impact to improve the local community. Magellan Gold anticipates receiving both of these important permits later this year and then could be in a position to move ahead with mine development.
Magellan Gold has launched a regional program with a senior Mexican geologist to locate other sources of ore to feed the SDA Mill. The goal is to use the mill to produce revenue and defray holding costs until El Dorado reaches production.
Magellan Gold Corporation (MAGE), closed Wednesday's trading session at $1.85, up 5.71%, on 350 volume with 3 trades. The average volume for the last 3 months is 1,172 and the stock's 52-week low/high is $0.775/$3.79.
Gold Fields Limited (GFI)
Stock Twits, Mining Feeds, Stockhouse, 24hGold, Dividend Investor, Zacks, Street Insider, InvestorsHub, GuruFocus, last10k, MarketWatch, Junior Mining Network, The Street, Barchart, Stockwatch, StreetWise Reports, Proactive Investors, Morningstar, Equity Clock, Resource Clips, and StockChase reported earlier on Gold Fields Limited (GFI), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Gold Fields Limited's vision is to be the worldwide leader in sustainable gold mining. The Company produces gold and holds gold reserves and resources in South Africa, Ghana, Australia, and Peru. It has seven operating mines in these nations with attributable annual gold-equivalent production of about 2.2 million ounces. An internationally diversified producer of gold, Gold Fields is headquartered in Sandton, Johannesburg, South Africa. The Company lists on the OTC Markets.
Gold Fields has attributable gold Mineral Reserves of approximately 49 million ounces. The Company has gold Mineral Resources of approximately 104 million ounces. Attributable copper Mineral Reserves total 764 million pounds and Mineral Resources 4,881 million pounds.
Regarding its operations, Gold Fields has its Cerro Corona mine in Peru (Copper, Gold, Porphyry). In the West Africa region, it has its Tarkwa and Damang mines in Ghana (open pit gold mines). In the South Africa region, it has its South Deep mine. In the Australia region, Gold Fields' assets comprise a 100 percent interest in the St Ives, Agnew, and Granny Smith mines in the Yilgarn region of Western Australia. They also include a 50 percent interest in the Gruyere project with Gold Road.
Gold Fields' Tarkwa mine is the single largest gold producer in Ghana. It has annual production of greater than 500,000 ounces. The Tarkwa mine employs over 4,500 Ghanaians directly and by way of contractors, and close to 90 percent of its total procurement goes to Ghanaian vendors and suppliers.
Last month, Gold Fields announced normalized profit from continuing operations of US$27 million for the year ended December 2018 versus normalized profit of US$154 million for the year ended December 2017. A final dividend number 89 of 20 SA cents per share (gross) was payable on March 18, 2019. This gave a total dividend for the year ended December 2018 of 40 SA cents per share (gross).
Gold Fields Limited (GFI), closed Wednesday's trading session at $3.55, even for the day, on 200 volume. The average volume for the last 3 months is 142 and the stock's 52-week low/high is $2.40/$4.09.
First Acceptance Corporation (FACO)
Amigo Bulls, Capital Cube, MarketWatch, YCharts, Zacks, Barchart, InvestorsHub, Stockhouse, OTC Markets, Stockwatch, Stockopedia, Penny Stock Hub, Trading View, Simply Wall St, GuruFocus, Digital Journal, 4-Traders, and The Street reported previously on First Acceptance Corporation (FACO), and today we are reporting on the Company, here at the QualityStocks Daily Newsletter.
First Acceptance Corporation is mainly a retailer, servicer and underwriter of non-standard personal automobile insurance. Currently, it conducts its insurance servicing and underwriting operations in 15 States. Acceptance Insurance is an insurance agency owned and operated by First Acceptance Corporation. First Acceptance has its headquarters in Nashville, Tennessee.
The Company issues non-standard automobile insurance policies to individuals based on their inability or unwillingness to obtain insurance coverage from standard carriers because of an array of factors. These include their payment history or need for monthly payment plans, failure to maintain continuous insurance coverage, or driving record.
First Acceptance's insurance operations produce revenue from selling non-standard personal automobile insurance products and related products in 16 States. The Company primarily distributes its products via its retail locations, and also through a call center and the Internet. First Acceptance's products include Auto Insurance, Renters Insurance, Motorcycle Insurance, Roadside Assistance, Hospital Benefits, Ohio Bond Policy, and Med Pay.
The Company's Acceptance Insurance employee-agents sell automobile insurance and other insurance products (commercial, term life, renters, motorcycle and homeowners) by way of 350 retail locations in 15 states and a call center. Acceptance markets its services through the Acceptance Insurance, Yale Insurance, and Insurance Plus brands.
Earlier this month, First Acceptance reported its financial results for the quarter and year ended December 31, 2018. Income Before Income Taxes, for the three months ended December 31, 2018 was $2.6 million, versus $3.1 million for the three months ended December 31, 2017.
Net Income for the three months ended December 31, 2018 was $2.4 million, versus a Net Loss of $10.4 million for the three months ended December 31, 2017. Diluted Net Income Per Share was $0.06 for the three months ended December 31, 2018, versus Diluted Net Loss Per Share of $0.25 for the same period in the preceding year.
First Acceptance Corporation (FACO), closed Wednesday's trading session at $1.20, up 4.35%, on 3,734 volume with 4 trades. The average volume for the last 3 months is 10,772 and the stock's 52-week low/high is $1.02/$1.50.
Thunder Mountain Gold, Inc. (THMG)
Streetwise Reports, InvestorsHub, FeedBlitz, Zacks, Marketbeat, Silicon Investor, Simply Wall St, The Street, Wallet Investor, 24hgold, Morningstar, MarketWatch, Business Wire, Pink Investing, GuruFocus, and Junior Mining Network reported earlier on Thunder Mountain Gold, Inc. (THMG), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Thunder Mountain Gold, Inc. is a junior gold exploration company listed on the OTCQB. It owns interests in manifold U.S. precious metals projects. The Company's primary asset is The South Mountain Project. The South Mountain Project is on private and patented land in southern Idaho, just north of the Nevada border. Established in 1935, Thunder Mountain Gold has its corporate headquarters in Boise, Idaho.
The Company owns 100 percent of the South Mountain Mine. This mine has a land package consisting of roughly 1,200 acres of mostly private land - both owned outright and leased. In 2009, a new gold discovery was revealed during fieldwork at South Mountain.
Thunder Mountain Gold's plan of operation for this, subject to business conditions, is to continue to advance the development at the South Mountain Project. The main metals at South Mountain are silver, zinc, lead, copper, and gold. The flagship South Mountain Project remains Thunder Mountain Gold's focus.
The Company also has its Trout Creek Project. The Trout Creek target is in the Reese River Valley area south of Battle Mountain, Lander County, Nevada. This is a grass roots gold target in the Eureka-Battle Mountain trend of central Nevada, now under Joint Exploration Agreement with Newmont USA Limited. This target consists of 60 unpatented lode mining claims.
Thunder Mountain Gold's other projects include Clover Mountain. It controls 40 unpatented lode mining claims encompassing approximately 800 acres, near Clover Mountain in Owyhee County, Idaho. Additionally, the Company's West Tonopah Property consists of 8 unpatented lode mining claims totaling 160 acres in the Tonopah Mining District, Esmeralda County, Nevada.
In 2018, Thunder Mountain Gold announced that it filed a new National Instrument 43-101 (NI 43-101) Technical Report, which included a new mineral resource estimate on the South Mountain Project. The Technical Report has an effective date of April 7, 2018.
Hard Rock Consulting, LLC (HRC) of Lakewood, Colorado completed the Technical Report for the South Mountain Project. HRC concluded that significant potential exists to increase the known mineral resource with additional drilling, and to upgrade existing mineral resource classifications with further infill drilling.
Earlier this month, Thunder Mountain Gold announced that in connection with the execution of the earlier announced BeMetals Option Agreement on the Company's South Mountain Project, shareholders of the Company holding approximately 53 percent of the issued and outstanding shares of Thunder Mountain Gold executed voting support agreements in favor of BeMetals Corp. and its wholly-owned subsidiary, BeMetals USA Corp. With the Voting Support Agreements, these shareholders have agreed to vote in favor and consent to the approval of the transactions set forth in the Agreement. BeMetals completed the Tranche 1 cash payment of US$100,000 to Thunder Mountain Gold by way of its wholly-owned subsidiary, Thunder Mountain Resources, Inc.
Thunder Mountain Gold, Inc. (THMG), closed Wednesday's trading session at $0.095, up 35.71%, on 2,600 volume with 3 trades. The average volume for the last 3 months is 3,645 and the stock's 52-week low/high is $0.0337/$0.2099.
Freedom Leaf, Inc. (FRLF)
MicroSmallCap, Promotion Stock Secrets, InvestorsHub, OTC Markets, Stockhouse, Penny Stock Tweets, CFN Media Group, SmallCapVoice, Daily Marijuana Observer, and Stocks To Buy Now reported beforehand on Freedom Leaf, Inc. (FRLF), and today we highlight the Company, here at the QualityStocks Daily Newsletter.
Freedom Leaf, Inc. (The Marijuana Legalization Company™) is a group of global, vertically integrated hemp businesses and cannabis media companies. It is a foremost go-to resource in the cannabis, medical marijuana, and industrial hemp industry. The Company is building a varied portfolio of valuable businesses through strategic mergers, acquisitions, and acceleration projects across the industry. Leafceuticals, Inc. is a wholly-owned division of Freedom Leaf. Hempology® is Freedom Leaf's exclusively branded product line. Freedom Leaf is based in Las Vegas, Nevada.
Freedom Leaf's flagship publication is Freedom Leaf Magazine, The Good News in Marijuana Reform. Freedom Leaf produces a portfolio of news, print, and digital multi-media verticals, websites, and web advertising, for the ever-developing and changing cannabis, medical marijuana, and industrial hemp industry.
Freedom Leaf targets acquisitions of high growth and niche companies. Its strategy is to identify select technology companies and companies that are involved in cannabis and industrial hemp genetics, intellectual property (IP), bioscience, nutraceutical, and pharmaceutical product development. The Company does not handle, grow, sell, or disperse marijuana.
The above-mentioned Hempology® is now vertically integrated from seed to consumer, processing CBD and a whole spectrum of whole-hemp extracts for the entourage-effect. Furthermore, Freedom Leaf has its hemp-based rolling paper company, Plants to Paper.
Moreover, Freedom Leaf has its LaMarihuana.com. This is the Spanish Speaking community's leading cannabis website. Also, Freedom Leaf has its www.Marihuana-Medicinal.com. This is the largest Medical Cannabis information website in Spanish.
Freedom Leaf earlier acquired 100 percent of Green Market Europe S.L. (GME). GME is a Spanish producer of hemp products. Additionally, Freedom Leaf acquired 100 percent of Tierra Science Global, LLC. Tierra specializes in health supplements supporting peak bio-energy levels in humans.
Freedom Leaf has also acquired the Irie CBD Product Line. This includes virtually all assets, trademarks, formulating equipment, formulas and products. Irie is a California-based CBD, "Cannabidiol", product line. In addition, Freedom Leaf is entering the CBD beverage category with the acquisition of Hemp2o Beverage Company.
This past January, Freedom Leaf announced the appointment of Mr. David Vautrin to its Board of Directors. Mr. Vautrin brings invaluable beverage and cannabis expertise to the Board. He has a successful track record in privately held and publicly traded, multi-billion-dollar consumer packaged goods (CPG) companies, and ownership and leadership in mid-cap and emerging growth organizations. He is currently the Vice President of Sales & Marketing at Origin House, (previously known as CannaRoyalty), where he has worked since March 2017.
Mr. Clifford J Perry, Freedom Leaf's Chief Executive Officer, said: "We are very excited that Dave is joining the Freedom Leaf Board. He brings a deep reservoir of experience in CPG sales, marketing and branding that will be invaluable as Freedom Leaf evolves into a leading CBD health and wellness brand provider."
Freedom Leaf, Inc. (FRLF), closed Wednesday's trading session at $0.16, up 8.11%, on 870,139 volume with 113 trades. The average volume for the last 3 months is 394,005 and the stock's 52-week low/high is $0.1045/$0.795.
InnerScope Hearing Technologies, Inc. (INND)
Spotlight Growth, Wolf Street, Market Screener, Stockwatch, Stockopedia, Biz Journals, Front Page Stocks, BioSpace, YCharts, OTC Markets, Marketwired, Simply Wall St, Stockhouse, Marketbeat, InvestorsHub, and MarketWatch reported earlier on InnerScope Hearing Technologies, Inc. (INND), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
InnerScope Hearing Technologies, Inc. is a technology driven business with highly scalable B2B (Business-to-Business) and B2C (Business-to-Consumer) solutions. The OTCQB-listed Company has plans to continue opening, acquiring and operating, a chain of audiological and retail hearing device clinics. InnerScope offers a B2B SaaS based Patient Management System (PMS) software program. It will also provide a Buying Group experience for the audiology practice to enable owners to lessen product costs and increase their margins. InnerScope Hearing Technologies has its corporate office in Roseville, California.
InnerScope will create seven separate revenue generating divisions. The Company said that each division will generate revenues and be positioned for growth, increasing InnerScope's market penetration. The Company will compete in the DTC (Direct-to-Consumer) markets, - "Hearable", "Wearable", Personal Sound Amplification Product (PSAP). This will include pioneering APPs on the iOS and android markets that will be solely dedicated to the hearing impairment population around the world.
The ALPHA brand product line will be InnerScope's first products to be registered as Class-1 FDA-Cleared hearing aid medical devices. This will considerably grow its product portfolio of hearing assistance products and broaden its digital footprint via a multi-direct-to-consumer sales platform.
Recently, InnerScope Hearing Technologies announced a successful "Grand Opening Promotion" for its hearing aid retail location in Fremont, California, located in the San Francisco Bay Area that opened Monday February 11, 2019. Fremont is the Company's sixth audiological hearing aid retail clinic under its dba Value Audiology & Hearing Aid Center brand in California. In addition, InnerScope announced its seventh Retail Clinic with the "Grand Opening" of the Elk Grove, California location, a suburb of Sacramento, on Tuesday February 19th.
Last week, InnerScope Hearing Technologies announced plans to distribute its own label of CBD Oil (Hemp Extract) a dietary supplement for people who suffer from Tinnitus (ringing in the ears) and Other Hearing Disorders. The Company has also developed and will distribute its own doctor-designed proprietary line of Nutritional Hearing Dietary Supplements to help people with hearing problems maintain the levels of vitamins, minerals and also promoting better cognitive function for age related hearing loss. InnerScope's CBD Oil and its Nutritional Hearing Dietary Supplements is developed and distributed by "InnerScope Hearing Health", which is a newly created division of InnerScope for the development and distribution of Hearing Related Treatments, Therapies, and Nutritional Hearing Dietary Supplements.
Yesterday, InnerScope Hearing announced its continuing month over month record sales growth for 2019 by reporting an increase of 551 percent for the month of February 2019. This increase reflects the total receipts in February 2019 of $125,374 (unaudited) including prepaid hearing aid sales orders, versus $22,753 revenue booked in February of 2018. Additionally, the February 2019 total receipts show an increase of 143 percent over last month record-setting receipts recorded for January 2019.
InnerScope Hearing Technologies, Inc. (INND), closed Wednesday's trading session at $0.048, up 18.81%, on 1,112,477 volume with 67 trades. The average volume for the last 3 months is 1,570,883 and the stock's 52-week low/high is $0.006/$0.1589.
Intrusion, Inc. (INTZ)
Investor Place, Wallstreet Online, Morningstar, Market Screener, InvestorsHub, Wallet Investor, Zacks, Investing Online, Marketbeat, 4-Traders, Barchart, The Street, Stockopedia, Capital Cube, OTC Markets, and MarketWatch reported previously on Intrusion, Inc. (INTZ), and today we choose to report on the Company, here at the QualityStocks Daily Newsletter.
Intrusion, Inc. is an international provider of entity identification, high speed data mining, cybercrime, and advanced persistent threat detection products. The Company's product families include TraceCop™ for identity discovery and disclosure, and Savant™ for network data mining and advanced persistent threat detection.
Additionally, Intrusion has its Secure Taps™ and it offers a collection of secure network taps. These enable easy, quick, and strong deployment of any of Intrusion's network security appliances. OTCQB-listed, Intrusion has its corporate headquarters in Richardson, Texas.
The Company's products help protect critical information assets. These products do so through rapidly detecting, protecting, analyzing and reporting attacks or misuse of classified, private, and regulated information for government and enterprise networks.
Its Savant is a transparent network data capture and analysis solution. Savant brings science into corporate decision making. It provides real-time access and insight into an enterprise's own indisputable and quantifiable network data for more effective, unbiased decision making.
Savant is a purpose-built appliance. It performs an innovative, real-time, transparent data capture and analysis of all content across a company's network. This includes the "who, what, when and where" of the data from any application.
Intrusion's TraceCop is a set of Internet monitoring and tracking products. They provide excellent capabilities for the identification of malicious and illegal activities based on historical and current Internet usage data. At the core of TraceCop is a first-class data collection process.
This process continuously collects, processes and stores extensive amounts of historical Internet usage and traffic data into the TraceCop Databases. TraceCop helps analysts and investigators substantially reduce the time and complexity for discovering identities, ownership, and contact information for computer devices on the Internet.
Last month, Intrusion announced financial results for the quarter and year ended December 31, 2018. The Company's Net Income for Q4 2018 was $0.9 million, versus Net Income of $0.2 million for Q4 2017. Net Income for the year 2018 was $2.3 million, versus a Net Loss of $30,000 for 2017.
Revenue for Q4 2018 was $3.0 million, versus $2.1 million in Q4 2017. Revenue for the year 2018 was $10.3 million, versus $6.9 million in 2017. In addition, Gross Profit Margin was 63 percent of Revenue in Q4 of 2018, versus 58 percent of Revenue in Q4 2017. For the year, Gross Profit Margin rose to 63 percent, versus 59 percent in 2017.
Intrusion, Inc. (INTZ), closed Wednesday's trading session at $4.45, up 0.23%, on 7,595 volume with 21 trades. The average volume for the last 3 months is 8,669 and the stock's 52-week low/high is $1.009/$4.48.
The QualityStocks Company Corner
- Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF)
- The Green Organic Dutchman (TSX: TGOD) (OTC: TGODF)
- Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX)
- Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF)
- VIVO Cannabis Inc. (TSX.V: VIVO) (OTC: VVCIF)
- Medical Cannabis Payment Solutions (REFG)
- Geyser Brands Inc. (TSX.V: GYSR)
- Earth Science Tech, Inc. (ETST)
- Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF)
- Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF)
- ChineseInvestors.com (CIIX)
- Choom Holdings Inc. (CSE: CHOO) (OTC: CHOOF)
- Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF)
- Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF)
Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF)
Canopy Rivers Inc. (TSXV: RIV) today announced the promotion of former OMERS venture capitalist and Canopy Rivers President, Mr. Narbé Alexandrian, to Chief Executive Officer of the Company, effective immediately. Bruce Linton has transitioned from his role as acting CEO and will continue to provide oversight, deal flow, strategic insight, and opportunities for collaboration and further strategic alignment with Canopy Growth in conjunction with his ongoing role as Chairman of the Canopy Rivers Board of Directors.
Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers collaborates with Canopy Growth to identify strategic counterparties seeking financial and/or operating support. Headquartered in Toronto, Canada, Canopy Rivers has developed an ecosystem of complementary cannabis operating companies operating throughout the cannabis value chain.
Canopy Rivers, in collaboration with Canopy Growth, has established a diverse portfolio of cannabis industry investments that includes domestic and international companies, licensed producers, late-stage licensed producer applicants, pharmaceutical formulators, brand developers and distributors, retail networks, and technology and media platforms. Investments are customized for each counterparty and include a balanced mix of equity, debt, royalty and profit-sharing agreements.
Canopy Rivers’ expanding portfolio includes:
- Agripharm Corp. (private) is an ACMPR licensed producer, acquired by Canopy Growth in January 2017. In November 2017 Agripharm completed a joint venture with globally recognized partners Green House Seeds and Organa Brands. Canopy Growth has sublicensed proprietary technology, trademarks, genetics, know-how and other intellectual property from Agripharm to distribute the suite of Green House and Organa Brands products across the country, when permissible.
- CanapaR Corp. (private) owns 80% of CanapaR Italy, a Sicily-based company focused on developing and commercializing Italy’s local hemp cultivation industry through its partnership with the renowned Department of Agriculture at the University of Catania and its rapidly building extraction capabilities for the production of organic CBD oil. CanapaR Italy’s outsource farming model with local Sicilian farmers and its university partnership will provide it with a low-cost source of organic CBD oil, which is increasingly used as an input into new commercial products in the growing health and wellness industries.
- Civilized Worldwide Inc. (private), is a media and lifestyle brand with offices in New Brunswick and California that embraces and highlights modern cannabis culture. Civilized aims to engage the millions of productive, motivated people who choose to enjoy cannabis responsibly as part of their lifestyle. Reaching 2+ million unique visitors per month, North America-wide, Civilized produces engaging content for and about people who enjoy cannabis responsibly.
- James E. Wagner Cultivation Ltd. (TSXV:JWCA) was founded in 2007 by third generation agricultural and cannabis cultivators. JWC is the first entirely aeroponic producer of cannabis in Canada, and its patent-pending aeroponic production technology, called GrowthStormTM, allows for perpetual harvesting and improved yields. The company was issued a license to cultivate from Health Canada in January 2017 and a subsequent sales license in March 2018.
- LiveWell Foods Canada Inc. (TSXV:LVWL) was established in 1993 as a nutritional lifestyle company, and operates in the production of fresh produce and food technology. The company’s O-Hemp division distributes bulk and retail hemp products through its existing channel partners. LiveWell entered into a strategic agreement with Canopy Rivers and Canopy Growth in April 2018.
- PharmHouse (private) is a joint venture between Canopy Rivers and the principals and operators of leading North American greenhouse produce companies. PharmHouse has arranged to acquire a newly built 1.3-million-square-foot greenhouse located in Leamington, Ontario.
- Radicle Cannabis Inc. (private) is an ACMPR-licensed cannabis company based in Hamilton, Ontario backed by a management team that brings extensive experience in regulated industries, retail distribution, tobacco and pharmaceutical development, as well as Award-winning cannabis horticulturist breeders and medical professionals.
- Solo Growth (TSXV:ALZ) is a new cannabis retail concept that will operate locations under the name “YSS by Solo,” relying on the expertise of a management team comprised of founding shareholders, senior officers and board members of Solo Liquor Stores Ltd., a leading Canadian liquor retailer. Solo Growth was established through a recapitalization of Aldershot Resources Ltd.’s corporate structure that will allow the company to execute a new retail-focused cannabis business strategy.
- Spot Therapeutics Inc. (private) is an applicant that was acquired by Canopy Growth in August 2017 to solidify its Maritimes expansion strategy and less than four weeks later Canopy Growth signed a supply MOU with the New Brunswick government. Canopy Rivers purchased the property and entered into a long-term lease and committed funding agreement with Canopy Growth.
- TerrAscend Corp. (CSE:TER) cultivates high-quality cannabis in an indoor hydroponic facility, backed by a strategic investor boasting a strong background in the pharmaceutical space and an extensive portfolio of specialty pharma assets.
- Vert Mirabel (private) is a joint venture that was established in December 2017 between Canopy Rivers, Canopy Growth, and Les Serres Stephane Bertrand. Bertrand is a large-scale greenhouse operator located in Mirabel, Quebec, and the largest grower of pink tomatoes in the country. With guidance and assistance from Canopy Growth, the greenhouse has been upgraded and retrofitted for cannabis production and was licensed by Health Canada in May 2018.
As the company’s portfolio continues to develop, each constituent benefits from opportunities to collaborate with Canopy Growth and among themselves. Canopy Rivers believes this formula results in an ideal environment for innovation, synergy and value creation for Canopy Rivers, Canopy Growth and across the entire Rivers ecosystem.
Canopy Rivers is led by an experienced team of qualified financial and technical professionals with deep industry experience and relationship networks. The company’s acting CEO and chairman is Bruce Linton, CEO of Canopy Growth and founder of Tweed Marijuana.
Canopy Rivers Inc. (TSX.V: RIV), closed the day's trading session at $4.67, up 2.86%, on 563,188 volume with 994 trades. The average volume for the last 3 months is 515,629 and the stock's 52-week low/high is $3.40/$11.82.
- Canopy Rivers Appoints Narbé Alexandrian as Chief Executive Officer
- Canopy Rivers Portfolio Company Agripharm Awarded Outdoor Cultivation Licence
- 420 with CNW – Should California Reverse its Promise to Give Local Authorities Control Over Marijuana Businesses?
The Green Organic Dutchman (TSX: TGOD) (OTC: TGODF)
The Green Organic Dutchman (TSX: TGOD) (OTC: TGODF) was highlighted today in a publication from Financialnewsmedia.com, examining how analysts at Piper Jaffray say we could be looking at a global market value of between $250 billion to $500 billion a year. "We believe the long-term growth can be significant — both from transitioning illicit trade to legal sales, medical sales, and from transitioning sales in health [and] wellness categories to CBD-infused products."
The Green Organic Dutchman (TSX: TGOD) (OTC: TGODF), whose principal location is in Hamilton, Ontario, produces farm grown, organic, pesticide-free medical cannabis in small batches using all natural, organic craft growing principles. TGOD is licensed under the Access to Cannabis for Medical Purposes Regulations (ACMPR) to cultivate medical cannabis. The company carries out its principal activities producing cannabis pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada).
Committed to becoming the global leader in delivering organic cannabis solutions that enhance people’s lives, TGOD consistently adheres to the highest levels of excellence. Its world-class management team includes a proven group of leaders with outstanding executive and operational experience specific to consumer packaged goods, consumer products, cannabis and finance industries.
TGOD is positioned as one of the highest quality and most cost efficient cannabis producers in Canada by leveraging innovative technology and low-cost power solutions. It holds one of the largest land packages under a single ACMPR license in Canada, providing future cannabis Agri-park style development and opportunities for joint ventures, licensing and distribution partners. Its industry leading alliance partners include Eaton, Ledcor Group and Hamilton Utilities Corp.
Eaton is the second largest power management company in the world and promises to supply innovative and cost effective power solutions to meet TGOD’s growing demands. Construction management is supplied by Ledcor, Canada’s second largest multidisciplinary construction company and a pioneer in the Green Building Industry. An alliance with Hamilton Utilities Corp allows TGOD to reduce its power costs from $0.13 per kWh to less than $0.05 per kWh. Greenhouse design is provided by Larssen Greenhouse, whose 25-plus years of experience in building some of the most modern and sophisticated greenhouses in the industry will provide TGOD with state of the art, climate-controlled hybrid greenhouse solutions.
Canada is quickly becoming a hub for cannabis investors with over $1.3 billion raised by Canadian companies to date. There are 58 licensed producers to service a population of 36 million and only two organic producers. TGOD, which holds licenses in Ontario and Quebec, is strategically located in both provinces that together claim 22 million Canadians as residents. Another estimated 57 million people live next door in six U.S. bordering states.
The Canadian cannabis market currently has a massive supply demand gap, which makes TGOD’s expansion plans even more important to investors. These plans include a combined build-out capacity of 970,000 square feet, allowing TGOD to produce 116,000 kg annually of organic cannabis. Upon completion, Phase One in Hamilton, Ontario, which is fully funded, will provide 150,000 square feet of growing capacity capable of producing up to 14,000 kg of cannabis or $112 million in revenue at $8 a gram.
The company’s Quebec expansion will be constructed on a recently secured 75-acre property near Montreal. This new property has a planned expansion of 820,000 square feet capable of producing 102,000 kg of organic cannabis. The first phase of this expansion is underway and construction is expected to be completed by the end of 2018. Quebec’s first phase will consist of 220,000 square feet capable of producing 22,000 kg of cannabis. Two additional expansion phases will add 250,000 square feet (26,000 kg of cannabis) and 350,000 square feet (54,000 kg of cannabis). Power costs remain exceptionally low for both facilities with access to all other needed utilities available and close by.
TGOD also plans to gain a share of the burgeoning cannabis oils market which by Q1 2017 accounted for 49 percent of all cannabis sold in Canada under the ACMPR, up from only 27% in Q2 2016. TGOD has ordered a purpose-built extraction laboratory with an estimated commission in Q4 of 2017. This is a commercial-scale CO2 extraction unit capable of processing up to 12,000 kg of raw material per year and producing approximately $170 million worth of organic cannabis oils. Raw cannabis oil provides a significant downstream manufacturing opportunity into several potential recreational market verticals including edibles, beverages, topicals and concentrates.
Data from the Canadian ACMPR Market Trends report indicates a rising number of consumers will continue to seek out healthier, less conspicuous ways to consume cannabis, ensuring sales of organic cannabis oil products remain brisk. Organic cannabis products demand a significant premium compared to non-organic products and the demand keeps growing.
Plans to take the company public are underway with an initial public offering (IPO) slated for January 2018. In November, the company raised $13 million in equity financing and in March closed a $27 million non-brokered private placement. Another $20 million is currently being raised before the IPO in January, which will be utilized for expansion plans.
TGOD is uniquely positioned between the medical and recreational cannabis industry since Canada is scheduled to legalize cannabis for all adults in mid-2018. As of August 2017, TGOD has 2,400 shareholders. Established in 2012, TGOD’s motto, “Making Life Better,” can be seen in its strategic partnerships, top quality management team, and dedication to organic farming and principles.
To learn more about the company and how to invest, contact TGOD directly at email@example.com
The Green Organic Dutchman (OTC: TGODF), closed the day's trading session at $3.15, up 3.00%, on 724,298 volume with 877 trades. The average volume for the last 3 months is 1,167,751 and the stock's 52-week low/high is $1.61/$7.89.
- Analysts Project Incredible Growth for Global Cannabis Industry
- U.S. To Remain atop Global Cannabis Market Share
- NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Releases Q1 Fiscal 2019 Financial and Operational Results
Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX)
Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX), today announced that the company successfully completed a series of technological demonstrations of its QuadSight vision system in France for four leading vehicle manufacturers (OEMs) and Tier One suppliers. These demonstrations follow a successful technological roadshow that was recently carried out in Japan with six additional OEMs and Tier One suppliers, as reported on May 14, 2019, several of which have expressed interest in purchasing the QuadSight prototype system for further evaluation.
Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX), founded in 2015 and headquartered in Israel, is a technological innovator in automotive vision systems and driver assistance technology. Through its wholly owned subsidiary, Foresight Automotive Ltd., Foresight is engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company’s powerful and patented stereoscopic technology is derived from field-proven technology that has been deployed throughout the world for almost two decades.
Foresight’s innovative autonomous driving solutions are based on mature, proprietary stereoscopic image technology that uses two synchronized cameras to mimic human depth perception and produce a three-dimensional image. This 3D image can anticipate possible collisions with other vehicles, cyclists, pedestrians and other obstacles. The technology provides highly accurate real-time alerts about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts.
The company’s patents provide IP protection for its robust and proven proprietary stereoscopic technology, which was developed using the security technology of Foresight’s major shareholder, Magna B.S.P.
Foresight has developed three main products:
- QuadSight™. This breakthrough detection system sets the bar for autonomous vehicle vision. It features nearly 100 percent obstacle detection with almost zero false alerts and operates optimally under all weather and lighting conditions, including darkness, rain, fog, haze and glare. QuadSight™ is the first quad-camera multi-spectral vision solution of its kind, driven by advanced and proven image processing algorithms. The system consists of two sets of stereoscopic infra-red and visible-light cameras that enable highly accurate and reliable obstacle detection for seamless 24/7 vision.
- Eyes-On™. This solution uses advanced algorithms for accurate depth analysis and obstacle detection to provide a unique stereo vision Advanced Driver Assistance System (ADAS). It can detect all potential obstacles regardless of shape, form or material, including other vehicles, cyclists, pedestrians and animals. It has an accuracy and reliability of almost 100 percent and near zero false alerts.
- Eye-Net™. This is a cellular-based accident prevention solution that is designed to provide real-time pre-collision alerts to vehicles and pedestrians. This proprietary system is deployed on smartphones and cloud-based servers operating on existing cellular networks, and it eliminates the need for additional designated hardware. Eye-Net™ is designed to provide a complementary layer of protection to advanced driver assistance systems and extends this protection to road users who are not in direct line of sight. It is optimally designed for both urban environments and high-speed scenarios to provide protection for the most vulnerable road users. On March 28, 2018, Foresight announced that it had completed a successful feasibility study of its Eye-Net™ accident prevention solution involving 120 users of Android and iOS cell phones located across Israel.
In 2017, Foresight sought more opportunities within the international market. The Company signed pilot agreements with three leading car manufacturers in China and completed pilot projects meeting all pre-defined requirements and criteria. In addition, FRSX completed a pilot project with Uniti Sweden.
Studies by the Insurance Institute for Highway Safety continue to emphasize the dramatic reduction in accidents and injury-related crashes reported when vehicles are equipped with collision avoidance systems. A recent study by the Institute states that the rate of single-vehicle, sideswipe and head-on crashes was 11 percent lower in vehicles with the warning systems. More importantly, the study shows collision avoidance technology cut the rates of injury crashes of the same type by 21 percent.
Foresight Autonomous Holdings, Inc. also holds a 32 percent interest in RailVision, a company that develops advanced systems for railway safety and maintenance. RailVision has successfully completed 13 tests in Israel, Germany, Italy and Switzerland in addition to a real-time system test with a European railway operator. Over the course of 2017, RailVision successfully completed rounds of financing totaling $5.8 million and started the process of licensing the system according to European standards.
Haim Siboni is the founder of Foresight and has served as the company’s chief executive officer and director since 2015. Siboni, a passionate entrepreneur, has an extensive background in the marketing and business management sectors in the fields of electronics, video, TV, multimedia, computerized systems, line and wireless telecommunication, design and development of systems and devices, including electro-optic radar systems. He is the founder and CEO of Magna B.S.P., Foresight’s major shareholder and a leading innovator in the field of homeland security surveillance solutions.
Foresight Autonomous Holdings Ltd. (FRSX), closed the day's trading session at $1.0225, up 4.84%, on 33,487 volume with 69 trades. The average volume for the last 3 months is 32,423 and the stock's 52-week low/high is $0.0075/$0.105.
- Foresight Successfully Completes Technological Demonstrations for Leading Vehicle Manufacturers in France
- NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Reports Q1 2019 Financial Results
- Foresight Signs Exclusive Distribution Agreement in Japan
Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF)
Wildflower Brands Inc. (OTCQB:WLDFF) (CSE:SUN) today announces its placement in an editorial published by CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for private and public entities in the cannabis industry. To view the full publication, titled "Celebrity Attention Fuels Rising Press Profile of CBD," please visit: http://cnw.fm/5nw2X. Also today, the company was featured in one of the NetworkNewsBreaks from NetworkNewsWire, covering this morning's announcement of the signing of an exclusive distribution agreement for the South African market with Africann, a local company specializing in the distribution of best-of-breed North American hemp products.
Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) is a public cannabis company developing and designing brands that focus on plant-based wellness and health products. Wildflower markets its full-spectrum CBD products to retailers in the health and wellness space throughout the United States and in legal cannabis markets in accordance with regulations marketing its THC and CBD products.
Headquartered in Vancouver, British Columbia, Canada, Wildflower employs a unique and holistic business model that encompasses research and development, manufacturing, distribution, marketing and retail. First launched in 2012 as a private company with a cannabis-focused brand, Wildflower went public in 2014 and has since reached numerous significant milestones in its drive to create brands that work in synergy toward becoming a global wellness brand leader.
Gathered within the growing family of Wildflower brands are the following entities:
- Wildflower Wellness is known for its reputable brand, uncompromising quality and mission to connect people with the healing power of plants. Wildflower Wellness offers CBD vaporizers, capsules, tinctures, soaps and topicals that are backed by a 100 percent satisfaction guarantee. Wildflower Wellness offers a full lineup of full spectrum CBD extract infused products made in the U.S. in Wildflower’s GMP facilities which are always third-party lab tested for quality assurance and accurate labeling.
- King Extracts is a California-based company focused on cannabis technology and delivery systems. The King Recharge is a discreet, 97mm small, rechargeable vaporizer with a sleek pocket-sized charging and storage case. King concentrates are clean and sophisticated blends made from CO2 extractions that are fractionally distilled for clarity and purity with proprietary terpenes blended in to deliver a robust, full-flavor profile. King products are available at 26 select, regulated retail dispensaries in California.
- Exclusive is a dispensary of high-quality cannabis products and accessories serving the city of Los Angeles, California. The company enjoys a close association with select hospital oncology departments and community programs.
Using the slogan “Plants Heal,” Wildflower’s distribution network in the U.S. includes 200+ retailers in Washington state and 20+ retailers in New York City. Wildflower has also partnered with Retail Worx to establish shop-in-shop retail locations in the heart of New York City which pairs nicely with the introduction of Wildflower into existing Bridges General’s stores in New York City and San Francisco. Through this partnership with Retail Worx, Wildflower by Bridges General stores will have exclusive product offerings in addition to the full lineup of existing Wildflower Wellness CBD products. Distribution in other U.S. markets includes 80+ wellness and healthcare practitioners with a total distribution of over 300 stores nationwide.
Wildflower holds 14 California cannabis licenses that cover recreational and medical cannabis cultivation, manufacturing, distribution and retail/delivery in the jurisdictions of California state and the city of Los Angeles. Opportunities to activate these licenses creates the phenomenal potential of driving significant revenues while minimizing risk. Expansion plans into Canada are underway with discussions centered on retail acquisitions and Wildflower launching into over-the-counter market with its CBD product line. Global expansion is a key part of Wildflower’s strategy with initial plans aimed at specific international markets where regulatory hurdles are less restrictive.
In December 2018, Wildflower began on-demand, legal and licensed cannabis delivery services to adult consumers in the Los Angeles area and has hired dozens of full-time delivery drivers to accommodate this unmet need. Wildflower has partnered with leading technology and logistics company Eaze.com to help route deliveries efficiently, manage inventory and comply with California law. Providing legal, licensed delivery services helps to ensure that all adults including those with mobility challenges and limited access to transportation services can purchase high quality, legal cannabis products.
Wildflower’s direct-to-consumer online store sales have shown an organic growth. The Company recently achieved over 300 percent growth in online sales since January 2018 with annualized revenues exceeding $1 million for online sales only, marking the ninth consecutive quarter of increased revenue.
William MacLean is the founder and CEO of Wildflower Brands Inc. His involvement in all aspects of the business from product R&D to manufacturing setup has led the Company to its current success. MacLean is a seasoned sales professional with over 20 years of experience in various industries from advertising and marketing to medical sales. While in the advertising and marketing space, his clients included major brands including: Bell, Remax, BC Hydro, and Royal Bank.
CFO Stephen Pearce is a director and officer of a number of public companies in the resource sector. His professional experience as a practicing attorney is primarily in corporate and securities work. Pearce’s academic background includes an honors bachelor’s degree in economics from York University, in which he focused specifically on corporate finance. Pearce obtained a law degree from the University of British Columbia.
Alfred Kee, COO, is a business technology leader with over 15 years of experience in building high performing teams at small startups to large enterprises. With foundations in running large scale business critical technology and user experience product management mindset, Kee excels at guiding teams to deliver business value with agility. His knowledge and experience were honed while working with Electronic Arts, KPMG, CenturyLink, Cisco and Apple, as well as a string of successful startups. Lee brings a global perspective having lived and worked through parts of the U.S., Canada, Europe and Asia.
Creative Director Amy Yamamura is a founding member of Wildflower and has been a driving force behind the Company from the start, creating the Wildflower brand. After receiving a bachelor’s degree in communications from Boston University, Yamamura returned to Tokyo to develop her career in TV as an international business correspondent coordinating collaborative projects between top creators around the world and corporations. Yamamura’s unique experience in working closely with successful Japanese brands like UNIQLO has given her exceptional eyes for branding a company.
Wildflower Brands Inc. (WLDFF), closed the day's trading session at $0.5287, up 2.16%, on 7,040 volume with 15 trades. The average volume for the last 3 months is 23,332 and the stock's 52-week low/high is $0.009/$1.129.
- Wildflower Featured in CannabisNewsWire Publication Highlighting Increasing Media Attention Focused on CBD Products
- Celebrity Attention Fuels Rising Press Profile of CBD
- NetworkNewsBreaks – Wildflower Brands Inc.'s (CSE: SUN) (OTCQB: WLDFF) CBD Immunity Vaporizer Fights Flu Symptoms
VIVO Cannabis Inc. (TSX.V: VIVO) (OTC: VVCIF)
VIVO Cannabis Inc. (TSX-V: VIVO, OTCQX: VVCIF) ("VIVO" or the "Company") today announced the Company expects to issue its first quarter 2019 financial and operating results after market close on May 29, 2019. Also today, the company was pleased to announce that it has signed a distribution agreement with Burleigh Heads Cannabis Pty Ltd. ("Burleigh Heads"), one of Australia's leading medicinal cannabis distributors. The agreement is expected to increase the ability of Australian patients to access VIVO's high-quality medicinal cannabis flower, oil and other products via approved channels.
VIVO Cannabis Inc. (TSX.V: VIVO) (OTC: VVCIF) is a globally licensed, cost efficient producer of premium quality, organic, standardized medicinal cannabis. One of the earliest licensed medical marijuana producers under Canada’s federally-controlled Access to Cannabis for Medical Purposes Regulations (ACMPR), VIVO has five years of operating experience in the burgeoning medical marijuana space through its flagship operation, ABcann Medicinals, Inc. The company recently received its Health Canada license to produce medical cannabis oils and is working toward production of saleable, extracted, finished products that will lead to a final inspection allowing sales of its oils.
“Receipt of the license to produce cannabis oils is a major milestone in our pursuit to provide our medical cannabis patients with additional product formats that can be precisely dosed. The expansion and innovation of our product lines are a top priority for the Company as we continue to serve the needs of our customers, and we anticipate strong demand for our cannabis oil products,” VIVO CEO Barry Fishman said.
VIVO owns and operates a fully functioning 14,500 square foot facility in Napanee, Ontario, which is being doubled in size to produce 1,400 kg of cannabis per year. The company’s expansion plans include adding a seasonal greenhouse and a hybrid, multipurpose facility, capable of producing 31,000 kg of cannabis per year between the two facilities, to be constructed on 65 acres it already owns near the Napanee facility. This additional location is properly zoned with existing infrastructure in place for an eventual 1.2 million square feet of production space.
VIVO has built a reputation over the years for its best-in-class standardized approach to growing cannabis that includes the absence of pesticides and a computer monitored growing technique that provides a consistent, pharmaceutical-grade with high yields. The company’s custom, scalable growing chambers with proprietary lighting can be replicated anywhere in the world, leading to lower production costs. This technique has helped it record a customer retention rate of 94.7 percent alongside 30 percent month-over-month customer growth. When combined with VIVO’s current yield rate, which it has measured at roughly 100 percent greater than the industry average, the company has constructed a strong foundation upon which to build a sizable presence in the global cannabis industry.
This global growth potential is illustrated by VIVO’s partnership with Israel’s Syqe Medical, producer of the world’s first selective-dose pharmaceutical grade medicinal plant inhaler. After visiting VIVO’s production facility, Perry Davidson, founder of Syqe Medical, noted that the company’s production technologies put it “in a class with the best in the world” in its ability to produce standardized pharmaceutical grade cannabis.
VIVO’s recent acquisition of Harvest Medicine Inc. represents further progress toward the company’s goal of becoming a vertically integrated medical cannabis company. Harvest Medicine is one of the fastest growing medical cannabis clinics in Canada – adding over 1,200 new patients monthly from a single location – with an aggressive expansion plan and a patient-focused approach that perfectly aligns with VIVO’s philosophy of quality and innovation.
VIVO’s seasoned management team, board of directors and advisory board features well over a century of combined industry experience. Fishman, who has over 20 years of experience as a business leader, previously served as CEO of both Teva Canada and Taro Canada, as vice president of marketing at Eli Lilly Canada, and as past chair of the Canadian Generic Manufacturers Association. He most recently served as CEO of international specialty pharmaceutical company Merus Labs.
Notably, VIVO also has access to the ‘Father of Cannabis Research’, Raphael Mechoulam, PhD, through its board of advisors. An organic chemist and professor of medicinal chemistry at the Hebrew University of Jerusalem, Mechoulam was the first scientist to isolate both cannabidiol (CBD) and tetrahydrocannabinol (THC). He has received more than 25 prestigious academic awards, including the Rothschild Prize in Chemical Sciences and Physical Sciences in 2012.
With more than 65 acres of growth capacity, a healthy cash balance to fund upcoming construction efforts, steady sales growth, industry-leading yield rates and an established operations team in place, VIVO is well positioned to compete in the rapidly expanding Canadian cannabis industry and beyond.
VIVO Cannabis Inc. (VVCIF), closed the day's trading session at $0.515, up 3.46%, on 261,012 volume with 78 trades. The average volume for the last 3 months is 271,235 and the stock's 52-week low/high is $0.413/$1.529.
- Vivo Cannabis™ to report Q1 2019 results on May 29, 2019
- VIVO Cannabis Signs Australian Distribution Agreement
- 420 with CNW – New Jersey Health Department Unveils Changes to Medical Marijuana Rules
Medical Cannabis Payment Solutions (REFG)
Medical Cannabis Payment Solutions (REFG) was featured today in the 420 with CNW by CannabisNewsWire. Canadian law requires cannabis buyers to present a valid ID for verification before one buys recreational or medical cannabis. However, some retail stores are going a step further and scanning the IDs of their customers.
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 $0.02345, up 6.59%, on 98,446 volume with 14 trades. The average volume for the last 3 months is 759,332 and the stock's 52-week low/high is $0.008/$0.075.
- 420 with CNW – Canadian Marijuana Consumers Unaware They Can Object to ID Scanning
- Medical Cannabis Payment Solutions to Open Customer Service Center
- 420 with CNW – Utah Moves to Hire Software Provider for Medical Marijuana Program
Geyser Brands Inc. (TSX.V: GYSR)
Geyser Brands Inc. (TSX.V: GYSR), a Vancouver-based leading consumer health care company, recently completed its second harvest and is anticipating a tremendous yield increase of 200 percent for its third harvest. The company is well on its way to achieving its goal of supplying hemp-derived oil products to both Canadian and global markets, as well as providing other cannabidiol (CBD) health care offerings to the consumer and pet sectors. Geyser Brands CEO Andreas Thatcher discussed (http://nnw.fm/Qh6uu) the company's intent to establish itself "as a leading provider of health-focused hemp and CBD products in North America, the European Union and Asia."
Geyser Brands Inc. (TSX.V: GYSR) is a consumer healthcare company that builds and markets some of the world's most loved cannabis products and brands in the nutraceutical, cosmetics, food and beverage and pet sectors. Using its proprietary nanotechnology formulation, the company delivers creams, beverages, baked goods and tincture formulations with superior bioavailability and water solubility.
The efficacy of most hemp?products is restricted as the insoluble nature of the molecules prevents most of the product from permeating the skin or entering the body system. Geyser Brands solves this insolubility problem with an advanced delivery system that quickly and efficiently transports therapeutic agents directly to the bloodstream for maximum absorbency.
Made with all-natural materials, NanoFusion technology offers an array of advantages: enhances penetration for deeper skin penetration; improves the transport of active ingredients for site-specific targeting; delivers active ingredients across cell membranes for release within the cell; provides longer shelf-life and stability of molecules.
Geyser Brands operates a 7,000-square-foot facility in Port Coquitlam, British Columbia, where its initial cannabis cultivation generated the first revenues out of the company's cultivation license granted in October 2018. Geyser Brands is approved as a licensed producer in compliance with Health Canada standards, which allows the company to pursue its processing and sales license. Obtaining this license will enable the company to extend its products and brands into the regulated Canadian cannabis market and directly to the consumer medical market.
Geyser Brands's integrated production chain and formulation lab develops innovative products using high-quality hemp and CBD for healthy lifestyle brands while its R&D lab produces product formulations designed to enhance bio-availability of hemp and CBD and shelf stability while maintaining all-natural ingredients and ensuring premium quality.
Geyser Brands will continue to seek opportunities to invest into the research and development of unique high-quality proprietary strains and technologies that target specific health-related conditions such as pain and inflammation reduction, insomnia, digestive issues and other commonly known ailments.
Among the brand formulations in Geyser Brand's portfolio are:
- Apothecary all-natural Hemp Terpene Pain Cream with optimal skin permeation
- Prohibition Cold Brew Mocha designed with water soluble hemp molecules
- Apothecary health products created to deliver fast-acting and high bioavailability in a spray formulation
- Baked hemp infused pet products, designed to alleviate anxiety and pain, created with NanoFusion for dosage control
Since 2014, Geyser Brands' CEO and Co-Founder Andreas Thatcher has been a principal at Rhizome Group, an entertainment company focused on building media IP through creative and market development. He previously was a founding partner at Rhizome Capital LLC, a U.S.-based media?investment?company specializing in marketing and distribution financing, and worked in the Investment Banking industry in?London and Toronto. Thatcher holds a master's degree in economics.
CFO Barry McKnight obtained his bachelor's degree from the University of British Columbia and is a Chartered Professional Accountant and?Certified Management Accountant registered in British Columbia. McKnight has over 20 years of experience as the principal of Barry D. McKnight Inc. He formerly was also a director of Indigo Sky Capital Corp. and has been the CFO and a director of the Company since 2016 and Corporate?Secretary of the Company since 2017.
Geyser Brands's Co-Founder Brad Kersch brings a strong business background with over 20 years of experience in?successful startups and working?with Fortune 500 companies. He spent his early years in the advertising and?marketing field and went on to form Hyperware, a clothing?company that sold branded clothing to retailers across Canada?before selling to clothing giant Ocean Pacific (OP). Kersch?became the president of Shoreline Studios, Canada's largest and?oldest?studio for film and TV. In 2014 he started Solace Management Group, a hemp product company focused on pet, cosmeceutical, and nutraceutical markets. As of February 2019, Geyser Brands signed a non-binding LOI to acquire Solace Management. Upon completing the proposed Solace acquisition, Geyser Brands intends to launch into the execution phase of its plan — to take its brands global through retail and digital direct-to-consumer experiences, launching its hemp-infused cannabis brands and products in the U.S., European Union, and Asia, and its CBD-infused line of products in jurisdictions where the therapeutic ingredient is legal.
Kuldip Gill, head of Geyser Brands' R&D program, has more than 35 years of experience in the cannabis industry. Gill built the largest manufacturing facility?in the lower mainland in Surrey, British Columbia, complete with R&D, analytical and quality control labs approved by both the FDA and Health Canada. He has to date created over 3,500 formulas, most notably Lakota pain relief gel. Gill's experience and proven track record is evident in the strongly marketable formulations he has developed and sold worldwide.
Geyser Brands Inc. (TSX.V: GYSR), closed the day's trading session at $0.75, even for the day, on 7,500 volume. The average volume for the last 3 months is 8,490 and the stock's 52-week low/high is $0.61/$0.85.
- Geyser Brands Inc. (TSX.V: GYSR) Records Robust Harvest, Prepares for Industry Expansion
- Geyser Brands Inc. (TSX.V: GYSR) Chooses Brandeavour for Key Brand Development
- Geyser Brands LP Begins Upgrades in Anticipation of R&D and Processing Amendments
Earth Science Tech, Inc. (ETST)
Earth Science Tech, Inc. (ETST) was featured today in the 420 with CNW by CannabisNewsWire. The sponsors of the first recreational cannabis bill in New York have now introduced a new bill which will replace the one that wasn't included in the budget framework read early this year. The sponsors of this new bill are convinced that this version stands a higher chance of success because it incorporates the ideas suggested during negotiations prior to reading the budget.
Earth Science Tech, Inc. (ETST) is an innovative biotechnology company operating in the fields of hemp cannabinoid (CBD), nutraceutical, pharmaceutical and medical device research and development. Earth Science Tech offers the highest purity and quality, full-spectrum, high-grade hemp CBD (cannabidiol) oil on the market. Made using the supercritical CO2 liquid extraction process, the company’s CBD oil is 100 percent natural and organic. Earth Science Tech has partnered with the University of Central Oklahoma and DV Biologics Laboratory to conduct research and development projects that scientifically support and advance the healthcare benefits of its high-grade hemp CBD oil.
Earth Science Tech Inc. currently has three wholly owned subsidiaries focused on developing its role as a world leader in the CBD space and expanding its work in the pharmaceutical and medical device sectors. These subsidiaries include:
- Earth Science Pharma, Inc., which is committed to development of low cost, noninvasive diagnostic tools, medical devices, testing processes and vaccines for sexually transmitted infections and/or diseases. Earth Science Pharmaceutical CEO and chief science officer Michel Aubé is leading the company’s research and development efforts. The company’s first medical device, MSN-2, is a home kit designed for the detection of STIs, such as chlamydia, from a self-obtained gynecological specimen. Earth Science Pharma is working to develop and bring to market medical devices and vaccines that meet the specific needs of women.
- Cannabis Therapeutics, Inc. (“CTI”), which is poised to take a leadership role in the development of new, leading-edge, cannabinoid-based pharmaceutical and nutraceutical products. CTI is invested in research and development to explore and harness the medicinal power of cannabidiol. The company holds a provisional application patent for a CBD product that is focused on developing treatments for breast and ovarian cancers.
- KannaBidioiD (“KBD”) provides a wide variety of products geared toward the recreational space of cannabis. KBD’s unique Kanna and CBD formulation is sold and distributed in CBD-infused edibles and vapes/e-liquids products. Kanna and CBD synergistically enhance one another, providing optimal relaxation, an uplifting sensation, enhanced focus and the added benefit of assisting with nicotine reduction therapy.
Earth Science Tech celebrated a significant, developmental year during 2017 by sharing its achievements in a condensed end-of-year report. Among the report’s highlights are the implementation of a development plan for the coming three years, which includes expanding into Canada and opening new manufacturing and shipping facilities. Of particular interest is the acquisition of Canna Inno Laboratories Inc., a company headquartered in Montreal, Quebec, Canada, which gives Earth Science Tech access to Canadian government grants offered to innovators in the pharmaceutical industry. ETST has also launched development of proprietary prophylactic therapies utilizing cannabidiol (CBD) to treat various forms of breast cancer.
In October 2017, ETST announced it is cooperating with the Clinique SIDA Amité (AIDS Friendship Clinic) for a mini-clinical trial, the last trial needed before the MSN-2 device, designed for the detection of STIs, enters molecular diagnostic trials. And in November 2017, the company began pre-launch human trials on a new CBD formula to fight against the U.S. opioid epidemic. The new formula, expected to decrease cravings and the negative effects of withdrawal in addicts, is based on industrial hemp CBD mixed with a known natural ingredient proven to help increase dopamine levels. ETST’s medical devices will first be launched in Vietnam, Djibouti and Morocco while the company awaits regulatory permission to enter the North American market.
The company expects to up-list to the OTCQB in early 2018, which management believes will attract well-funded institutional investors and pave the way to becoming the next billion-dollar-in-capitalization company on the OTC markets. Other highlights include completion of the company’s Scientific Advisory Council with a team of recognized scientists, the launching of several CBD-infused edible products and entry into the medical devices market through collaborative partnerships.
Earth Science Tech has signed a collaborate agreement with Laboratories BNK Canada, a private laboratory that will conduct the clinical studies necessary for MSN-2 medical device-related services to meet regulatory requirements. ETST has confirmed the MSN-2 device’s ability to detect chlamydia, and is working to validate similar results for gonorrhea, both highly infectious diseases that often have permanent consequences for patients. ETST will also add testing for trichomoniasis and a complete body fluid panel to detect the different serotypes of the human papillomavirus (HPV) that causes cervical cancer. These additions will help the company create sales opportunities in the global market for diagnostic testing of STDs that Transparency Market Research has indicated will grow to $108 billion by 2019.
Cannabis Therapeutics is in the development stage of two cannabinoid-based pharmaceutical drugs and three cannabinoid-based nutraceutical products targeting a variety of ailments such as anxiety, depression, triple negative breast cancer, and fatty liver disease, among others. Research into the benefits of the non-psychoactive cannabinoid molecules found in the cannabis plant is supported by ETST’s International Application for Provisional Patent titled “Cannabidiol Compositions Including Mixtures and Uses Thereof,” which was filed on October 8, 2015. Cannabis Thera’s R&D efforts are concentrated on developing CBD-based drugs and nutraceutical products and in working to integrate the CBD molecule with existing generic drug molecules to create more efficient medications with fewer and less severe side effects. A report in Hemp Business Journal predicts the CBD consumer market will grow to $2.1 billion by 2020, while other industry experts expect an increase to almost $3 billion by 2021. A recent report by Statista projects the U.S. consumer market for cannabinoid-based pharmaceuticals could reach $50 billion by the year 2029.
The management team at Earth Science Tech brings decades of invaluable experience to the nutraceutical, dietary supplement field as well as the life sciences sectors. Nickolas S. Tabraue, who serves as the president, director and chief operating officer, is an industry veteran with extensive knowledge of supplements, retail management, customer service and sales expertise. He is joined by CEO and CSO Dr. Michel Aubé, a microbiologist whose scientific research in sexually transmitted infections, cancer and stem cell biology has been widely published in several prestigious medical journals. Sergio Castillo, chief marketing officer, and Gabriel Aviles, chief sales officer, bring a wealth of marketing and sales experience to Earth Science Tech, which is complemented by Issa El-Cheikh, Ph.D., and his 25 years in the international finance, accounting, planning and execution of large scale transactions in the public and private sectors.
Earth Science Tech’s products include CBD, a natural constituent of hemp oil derived from hemp stalk and seed. EST offers CBD in the form of vitamins, minerals, herbs, botanicals, personal care products, homeopathies, functional foods and other products delivered in such forms as capsules, tablets, soft gels, chewables, liquids, creams, sprays, powders and whole herbs. Earth Science products can be found at retail stores throughout the United States and are available for purchase through the internet.
Earth Science Tech, Inc. (ETST), closed the day's trading session at $0.50, even for the day, on 24,728 volume with 13 trades. The average volume for the last 3 months is 34,612 and the stock's 52-week low/high is $0.375/$2.45.
- 420 with CNW – New York Legislators Introduce New Marijuana Legalization Bill
- Earth Science Tech Inc. (ETST) Airs Infomercial Featuring Full-Spectrum CBD Products, Best Purchasing Options
- NetworkNewsBreaks – Earth Science Tech Inc. (ETST) Ideally Positioned to Exploit Rising Cannabinoid Product Demand
Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF)
Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced the grant of an aggregate of 212,636 deferred share units ("DSUs") to certain of its non-executive directors as a compensation for services to the company under its equity incentive plan. To view the full press release, visit: http://nnw.fm/F92gN. Also today, the company was highlighted in the Venture Breakfast Bits, by 24/7 Market News.
Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) is a lifestyle-oriented cannabis and cannabidiol (“CBD”) consumer products company with a portfolio of lifestyle brands customized to connect specific, like-minded customers. Each Green Growth Brand provides the best quality products within a retail experience that appeals to users in an environment that is emotionally branded and easy to navigate.
In the next five years, the cannabis industry will generate more than $28 billion of new revenue from an estimated 14 million new customers, according to Ackrell Capital’s 2018 Cannabis Investment Report. Meanwhile, Hemp Business Journal projects that the CBD market will increase 8x to $3 billion by 2021, up from $200 million in 2017. Green Growth Brand intends to dominate in these markets with a lineup up products grown, manufactured and presented with the highest quality standards in mind.
Products under the Green Growth Brand umbrella include:
- CAMP: A kiosk-type store where consumers can experience beautifully crafted lifestyle products that enhance one’s journey to self-discovery.
- Seventh Sense: A CBD-infused body care collection crafted from the finest botanicals and fragrances on earth. Created to maximize the properties and aromatics of each ingredient, Seventh Sense natural products are CBD-infused botanical therapy.
- Meri+Jayne: Fiercely authentic and wholly unapologetic, Meri+Jayne is a youthful, full-on celebration of what makes each person unique. Expect the unexpected when it comes to this mix of amazing products.
- Green Lily: A place for women to explore a new world of wellness. With advice on every product, from efficacy to usage, Green Lily guides guests through beautiful new ways to experience cannabis and CBD.
- The +Source: Located in Las Vegas and Henderson, Nevada, The+Source dispensaries operated by Green Growth Brands serve both medical patients and retail customers. Green Growth Brands also operates a grow and production facility in Post, Nevada, and recently entered into definitive agreements to acquire a Pahrump, Nevada, cultivation facility.
- XanthicBiopharms is the owner of valuable intellectual property that turns THC(Tetrahydrocannabinol) and CBD into a water-soluble substance. As a result of combining Green Growth Brands and Xanthic, this technology is being used to create incredible new products.
Green Growth Brands has identified numeroushitches in the current cannabis retail space. The company intends to counter these challenges and provide a customer experience ripe with a friendly staff, in-stock assortments, efficient operations and more. The company’s retail partners provide distribution opportunities within 4,000 stores, as well as robust and established digital platforms to best reach the modern consumer.
Green Growth Brands brings together a collection of expert retailers, scientists, botanists, developers, artists and business leaders for the benefit of building community. Led by an executive management team steeped in decades of experience with several of America’s most successful brands, including Victoria’s Secret, American Eagle Outfitters, Bath & Body Works, Limited Brands and Designer Shoe Warehouse, Green Growth Brands is uniquely positioned to create memorable brands, retail experiences, and quality products for the emerging cannabis industry.
Chief Executive Officer Peter Horvath heads strategy and execution across all company channels, and previously took shoe retailer DSW public on the NYSE at $1.5 billion. As a dynamic, creative brand leader, team builder, and specialty retail veteran with deep roots in finance, Horvath’s unique ability to understand the big picture while never missing the subtle details is a critical factor in Green Growth Brands’ success and brand popularity among customers.
Chief Marketing Officer Scott Razek is a brand strategist, storyteller and strategic marketer. Razek‘s 25 years of experience in brand building, product development and customer experience focus are a key differentiator for the Green Growth Brands portfolio.
CAO Ed Kistner brings 33 years of multifaceted experience at leading retail businesses, notably in finance, merchandise planning, operations and stores. His well-rounded experiences in fast-changing environments position Kistner to be the architect of the operational execution at Green Growth Brands.
CSO Kellie Wurtzman brings significant retail leadership to Green Growth Brands with a proven track record of leading high-performance stores and teams across multiple retail sectors. Her unmatched experience in identifying and supporting developing business opportunities is ideal for evolving the cannabis industry and will be instrumental in expanding operations at Green Growth Brands.
Headquartered in Columbus, Ohio, Green Growth Brands is traded on the Canadian Securities Exchange and on the OTCQB, providing investors with increased access to data, transparency and liquidity.
Green Growth Brands Inc. (OTCQB: GGBXF), closed the day's trading session at $3.07, off by 3.68%, on 250,734 volume with 424 trades. The average volume for the last 3 months is 248,596 and the stock's 52-week low/high is $0.769/$7.789.
- NetworkNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Grants Deferred Share Units Under Equity Incentive Plan; Enters Advisory Agreement with Authentic Retail Concepts
- Venture Breakfast Bits, by 24/7 Market News
- NetworkNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Acquisition of Second Nevada Cultivation Facility
Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF)
Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) was highlighted today in a publication from Financialnewsmedia.com, examining how analysts at Piper Jaffray say we could be looking at a global market value of between $250 billion to $500 billion a year. SPRWF just announced that its wholly-owned subsidiary, 7ACRES obtained Health Canada approval for five additional flowering rooms totaling 50,000 sq ft of additional production space at its facility in Kincardine, Ontario.
Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF), is committed to providing premium brands and products that reflect the company’s knowledgeable customers, passionate employees, and culture of innovation. Supreme Cannabis’ mission is to grow the world’s best cannabis and become a leader in the global industry. The company calls its Toronto Venture Exchange stock symbol FIRE “a testament to our passion for cannabis and our obsession with quality.”
Supreme Cannabis believes the world is ready to follow Canada’s lead by ending the 100-year cannabis prohibition and, as Canada’s only coast-to-coast premium cannabis producer, the company sees itself at the center of this global shift.
In August 2018, Supreme Cannabis uplisted its shares to the to OTCQX market in the U.S., where the company trades under the ticker symbol SPRWF. The following month Supreme reported record Q4 revenues of CAD$3.55 million, a 71-percent increase over the previous quarter. Supreme Cannabis also recorded revenue of CAD$8.85 million for its fiscal year ended June 30, 2018, placing it among publicly traded Canadian cannabis companies with the highest reported revenue in their first four quarters of sales.
“As a result of the successful execution of our strategy, we have generated significant revenue growth both for the quarter and the year-end period,” Supreme Cannabis CEO Navdeep Dhaliwal stated in a news release. “We look forward to building on this growth as we expand domestically and internationally.”
The company’s growth strategy includes key industry agreements, such as its CAD$12 million supply agreement with Tilray Inc. (OTC: TLRY), a global leader in cannabis research, cultivation, processing and distribution. The agreement calls for Supreme to supply Tilray with dried cannabis for support of medical cannabis patients in Canada for the period of one year.
Another key component is the company’s wholly owned 7ACRES subsidiary. The 7ACRES cultivation facility, one of the first 40 federally licensed cannabis producers in Canada, is focused on building a core competency in scaled cannabis production, which will give 7ACRES the needed flexibility to maintain leadership in the industry as the Canadian market grows and matures. Though 7ACRES is Supreme Cannabis’ flagship brand and only currently operating business unit, the company will continue to identify new opportunities to grow its portfolio of companies and build innovative cannabis businesses throughout the world.
7ACRES operates from a 342,000-square-foot cultivation facility in Kincardine, Ontario, and has been federally licensed since 2016. Current capacity is 13,333 kilograms dried cannabis annually, with plans to ramp up production by mid-2019 to a rate of 50,000 kilograms per year.
Supreme Cannabis seeks to differentiate 7ACRES from other licensed cannabis producers by producing premium quality product sustainably at scale. “Craft quality, commercial scale” is a slogan the company uses, and the Kincardine greenhouse employs state-of-the-art technology and cultivation best practices to strive toward that goal. Supreme identifies the quality of the 7ACRES product as the company’s primary strength and says a shared “passion for the plant” is the driver of company culture. Six Canadian provinces have signed supply agreements with Supreme, a fact the company credits to the high quality of 7ACRES cannabis.
Its customers, Supreme Cannabis management says, are informed and discerning regarding cannabis, and they value a premium brand that respects their product knowledge. The company believes its high regard for customers, premium product quality, and mass cultivation capability has allowed Supreme Cannabis to emerge as Canada’s preeminent premium cannabis producer. In the Canadian cannabis market, the company has established 7ACRES as a premium brand that’s distributed coast-to-coast and commands premium pricing. The 7ACRES brand is already listed as premium cannabis product in all provinces that disclose their cannabis listing categories, and 7ACRES on average wholesales for up to one-third higher in price than other brands in the Canadian cannabis market.
To further its distribution, in the medical cannabis market Supreme Cannabis has partnered with several Canadian cannabis retailers including Aurora Cannabis, Emerald Health Botanicals, Namaste, Zenabis, and others. The company’s investment portfolio also includes an equity position and long-term global distribution partnership with Medigrow, based in Lesotho, targeting the export of medical cannabis oil for the international market.
Supreme Cannabis seeks to make the company an innovator in the cannabis sector regarding design of cultivation facilities and development of operation excellence metrics. The management team is confident that the 7ACRES flagship brand, the company’s proprietary technology and products, and the company’s culture of passion for cannabis will deliver consistent long-term shareholder value.
Supreme Cannabis Company Inc. (OTC: SPRWF), closed the day's trading session at $1.39, off by 1.63%, on 393,144 volume with 495 trades. The average volume for the last 3 months is 587,090 and the stock's 52-week low/high is $0.85/$2.04.
- Analysts Project Incredible Growth for Global Cannabis Industry
- Cannabis Cultivation Seen As $22 Billion Operation In Next Three Years
- The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Garners Investment Attention with Release of Q3 2019 Financials
ChineseInvestors.com Inc. (OTCQB: CIIX), a premier financial information website for the global Chinese-speaking community, continues to focus on its initial goal while also staying abreast of market trends. The company is expanding its avenues for engaging investor and subscriber support.
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 $0.411, off by 2.00%, on 13,989 volume with 20 trades. The average volume for the last 3 months is 63,535 and the stock's 52-week low/high is $0.365/$1.25.
- ChineseInvestors.com Inc. (CIIX) Offers Cryptocurrency Education Products, Services to Global Chinese-Speaking Subscribers
- NetworkNewsBreaks – ChineseInvestors.com Inc. (CIIX) Subsidiary Exhibits Hemp-Infused Skin Care Line at Vietnam Expo
- ChineseInvestors.com Inc.'s (CIIX) Pop-Up Store Strategy Offers Unique Retail Branding, Shopping Intimacy
Choom Holdings Inc. (CSE: CHOO) (OTC: CHOOF)
Choom Holdings Inc. (CSE: CHOO) (OTC: CHOOF) was featured today in the 420 with CNW by CannabisNewsWire. The sponsors of the first recreational cannabis bill in New York have now introduced a new bill which will replace the one that wasn't included in the budget framework read early this year. The sponsors of this new bill are convinced that this version stands a higher chance of success because it incorporates the ideas suggested during negotiations prior to reading the budget.
Choom Holdings Inc. (OTC: 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 $0.36922, off by 2.84%, on 460,389 volume with 120 trades. The average volume for the last 3 months is 612,255 and the stock's 52-week low/high is $0.285/$1.129.
- 420 with CNW – New York Legislators Introduce New Marijuana Legalization Bill
- Specialty Medijuana Products Inc. Receives Cultivation License from Health Canada for Expansion Facility
- Cannabis Cultivation Seen As $22 Billion Operation In Next Three Years
Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF)
Siyata Mobile (TSX.V: SIM) (OTCQX: SYATF), a leading global developer and provider of cellular communications solutions, on Tuesday announced that it will be releasing its first quarter 2019 financial results on May 23, 2019. In addition, the company will be hosting a conference call to discuss the results on May 24, 2019 at 9:00 AM ET. To join the call, dial 1-866-521-4909 for the North American toll-free line or 1-647-427-2311 for the international line. A replay of the conference call will be available in MP3 format by contacting Arlen Hansen at 1-866-684-6730 or through email at SIM@kincommunications.com. To view the full press release, visit: http://nnw.fm/Fr4p6.
Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) is a leading global developer and provider of Push-to-Talk Over Cellular ("PTT/PoC") systems for enterprise customers. The company specializes in connected vehicle products for professional fleets and markets its products under the Uniden® Cellular brand.
Since its inception in 2012, Siyata has amassed a customer base that includes cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the U.S., Europe, Australia and the Middle East.
Recognized by the Toronto Venture Stock Exchange in 2018 as a Venture Top 50 Company, Siyata aims to deliver the highest quality and most technologically advanced mobile communication devices for global corporate workforces, fleets, homes and buildings.
The company has long been an industry pioneer, delivering the world's first 3G connected vehicle device as well as the world's first 4G/LTE vehicle mounted smartphone for First Responders and commercial fleets and vehicles.
Siyata is headquartered in Montréal, Québec, Canada.
Siyata's suite of technology includes numerous PTT and legacy devices, as well as cellular boosters designed to improve cellular signals in corporate warehouses, government embassies, retirement home campuses, banks and manufacturing plants.
The company's flagship product, the Uniden UV350, is the world's first vehicle-mounted 4G/LTE smartphone with crystal clear quality, carrier grade PTT, voice, text, video and data applications built into a single device. Specifically designed for First Responder and commercial fleet vehicles, the UV350 runs on cellular LTE networks that provide nationwide and global coverage, replacing traditional single purpose two-way radios that require a monthly fee and limited network coverage.
The Uniden UV350 is currently available through Bell Mobility, Canada's largest LTE network and PTT community. Expanding its availability, Siyata is completing network approval with two North American Tier 1 operators to launch the UV350 in the U.S. in 2019.
CEO and Chairman Marc Seelenfreund is the founder of Siyata. He is also the founder of Siyata's parent company, Accel Telecom, an Israel-based company that specializes in importing and distributing innovative cellular and IP devices to fixed line operators and mobile providers within Israel. Prior to establishing Accel, Seelenfreund was a vice president at Sunrise Corporation in New York where he focused on financing publicly traded technology companies. Seelenfreund has a law degree from Bar Ilan University, is a board member at Israel's leading private university, and has served as an officer in the Israel Defense Forces.
Glenn Kennedy, vice president of sales, has over 25 years of sales experience in the telecommunications industry. Prior to joining Siyata in 2016, Kennedy managed sales nationally for Motorola Canada, HTC Communications Canada, and Sonim Technologies. He holds a bachelor's degree in honors business administration from the Richard Ivey School of Business at the University of Western Ontario.
CFO Gerald Bernstein, a professional chartered accountant, has spent 20 years focusing on private equity financing and tax efficient corporate structuring in multi-jurisdictional arenas. He holds a bachelor's degree of commerce as well as a graduate diploma in public accountancy from McGill University. Bernstein has been a member of the Canadian Institute of Chartered Accountants since 1987.
Gidi Bracha, Vice President of Technology, has served in this position since 2011 and spearheaded the development of both the Truckfone, Voyager and UV350. Bracha served in various key positions at Cellcom, Israel's leading cellular provider, including head of car mobility products and director of type approvals. Bracha served as an engineer technician in the Anti-Aircraft division of the Air Force in the Israel Defense Forces and holds a bachelor's degree in engineering and business management from the University of Derby.
Siyata Mobile Inc. (SYATF), closed the day's trading session at $0.2953, off by 9.03%, on 50,000 volume. The average volume for the last 3 months is 59,433 and the stock's 52-week low/high is $0.254/$0.446.
- NetworkNewsBreaks – Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) Schedules Release of Q1 2019 Financial Results, Conference Call
- Siyata to Release 2019 Q1 Financials May 23, 2019 and Host Investor Conference Call
- NetworkNewsBreaks – Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) Secures First Tier 1 US Cellular Carrier Purchase Order
Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF)
Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) is a Canadian-registered, publicly traded company engaged in the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. The company is focused on oil sands exploration and production on mineral leases in Vernal, Utah, and in expanding production capacity at its Asphalt Ridge heavy oil extraction facility in Utah.
Petroteq Energy’s patent-pending application is a closed-loop, solvent-based process, which results in significantly lower per-barrel production costs than those incurred with traditional hot water-based oil sands extraction technologies. This green technology utilizes a small, modular footprint, produces no greenhouse gases, requires no high temperatures, leaves only clean dry sand, and could be deployed to unlock heavy oil deposits located around the world.
The Company’s Asphalt Ridge mineral lease on 2,500-plus acres in northeastern Utah features a large contingent oil sands resource base with an estimated 87 million barrels of oil equivalent. In 2015, the company produced 10,000 barrels of oil from the Utah location and plans to increase production are underway. Utah holds over 32 billion barrels of undeveloped oil sands resources, which are also known as “oil-wet” deposits containing a mixture of sand and a dense, extremely viscous form of petroleum referred to as bitumen or tar. A recent upswing in developing domestic energy sources has intensified interest in technological advances such as Petroteq’s Clean Oil Recovery Technology (CORT) System.
The Company continues to evaluate the development of other medium to heavy oil exploration, production and recovery projects on a global basis through a variety of structured agreements. These opportunities or other arrangements with private and governmental entities that utilize Petroteq Energy’s proprietary licensed technologies are expected to generate a significant return on investment.
The Company’s management team, board of directors and officers form an invaluable cross-section of industry leaders with extensive experience ranging from chemical engineering and solvent research, business development, international project management, entrepreneurial achievements, and senior management for global energy companies in North America and the Middle East. This impressive knowledge base covers both conventional and unconventional oil and gas projects and production, both in upstream and downstream industry sectors.
Petroteq Energy is also participating in a blockchain initiative aimed at solving the global transaction needs of the oil and gas industry through the development of PetroBLOQ. PetroBLOQ recently joined the Enterprise Ethereum Alliance (“EEA”), the world’s largest open-source blockchain initiative. Membership with the 200-member EEA represents a wide variety of industries and offers 14 industry-focused, member-driven working groups.
“Joining this community of forward-looking enterprises and blockchain innovators is an important step for PetroBLOQ as we develop transformative solutions for the oil and gas industry,” said Petroteq Energy Chairman Alex Blyumkin.
In addition, Petroteq has joined the American Petroleum Institute (API). The API is the only national trade association representing all facets of the oil and natural gas industry, promoting safety across the industry globally and influencing public policy in support of a strong, viable oil and natural gas industry.
“API has led the development of operating standards for our industry, and we look forward to contributing our experience with oilfield technologies in addition to introducing our PetroBLOQ platform to its members throughout the supply chain,” Blyumkin previously stated.
Petroteq Energy Inc. (PHVAF), closed the day's trading session at $0.34, off by 2.72%, on 78,331 volume with 50 trades. The average volume for the last 3 months is 201,327 and the stock's 52-week low/high is $0.242/$1.43.
- Petroteq Energy Inc.'s (TSX.V: PQE) (OTCQX: PQEFF) Patented Oil Extraction Technology Releases Hidden Energy Buried in Oil Sands
- NetworkNewsBreaks – Petroteq Energy Inc.'s (TSX.V: PQE) (OTCQX: PQEFF) Patented Extraction Process Reduces Environmental Impact
- Petroteq Energy Confirms no Material Undisclosed Information
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