The QualityStocks Daily Wednesday, June 11th, 2020

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The QualityStocks Daily Stock List

American Battery Metals Corporation (ABML)

Real Investment Advice, TipRanks, OTC Markets, Stockwatch, Penny Stock Hub, Mining Stock Education, Proactive Investors, Newsfilecorp, WasteAdvantageMag, Stockhouse, Investment Pitch, Mining Journal, Investing.com, Wallet Investor, Simply Wall St, Big News Network, Mining Capital, Investors Hangout, Investor Place, and Business Insider reported beforehand on American Battery Metals Corporation (ABML), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

American Battery Metals Corporation is a premier battery metal exploration and development company. Its concentration is on its Railroad Valley battery metal project in Nevada with the goal of becoming a major domestic supplier of battery metals to the increasing electric vehicles (EV) and battery storage markets in the U.S. The OTCQB-listed Company formerly went by the name Oroplata Resources, Inc. It changed its corporate name to American Battery Metals Corporation in May of 2019. Incorporated in 2011, American Battery Metals is headquartered in Incline Village, Nevada.

The Company, by way of its subsidiaries, engages in the exploration and development of lithium properties. It announced in July of 2019 that results of its first geophysical exploration program demonstrate that a large and undefined reservoir exists on its property in Railroad Valley, Nevada.

The geophysical Magnetotelluric (MT) Survey was conducted over a square mile area by Zonge International of Reno, Nevada. Zonge has wide-ranging experience in geophysical data acquisition and target identification on Lithium Exploration Projects.

The results of the geophysical survey indicate two large conductive zones located within the project area. "Conductive Zones" could indicate the presence of Lithium concentration in shallow clay deposits and in deeper Brine deposits. One of these conductive zones was previously drill tested to a depth of 3,000 feet.

American Battery Metals currently has mining claims on 26,000 acres in the area called the Western Nevada Basin, in Railroad Valley in Nye County, Nevada (WNB Claim). In the second half of 2017, the Company engaged experts to evaluate the region and the WNB Claim to target on-site exploration efforts. It determined that 260 claims of the WNB Claim were appropriate for its planned exploration that started in April of 2019.

Last week, American Battery Metals Corporation announced its intention to change its corporate name to American Battery Technology Company. This is to better reflect its main focus and mission. Over the past several months, the Company has readied and positioned itself for its planned lithium-ion battery metals recycling plant in Nevada, with many new hires, including a number from Tesla.

This week, American Battery Metals announced the hiring of Vickey Alvarez as its Corporate Controller. She will have oversight and responsibility for full-cycle accounting for the corporation. Further to all aspects of financials, forecasting, regulatory compliance, and all business transactions, she will also manage American Battery Metals' sales and purchasing. Vickey comes to American Battery Metals from the Nevada State Board of Nursing (NSBN). There, she managed AP/AR, budget, forecasts, cash management, audits, GL accounting, and payroll.

American Battery Metals Corporation (ABML), closed Wednesday's trading session at $0.138, off by 1.0753%, on 2,609,389 volume. The average volume for the last 3 months is 3,282,828 and the stock's 52-week low/high is $0.02438/$0.25.

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DAVIDsTEA, Inc. (DTEA)

5iResearch, Zacks, Stocknews, Stockchase, Finviz, Investing.com, MacroTrends, GlobeNewswire, Market Screener, YCharts, Stockhouse, TradingView, Simply Wall St, Street Insider, Stockopedia, Investor Place, Ceo.ca, TMXmoney, GuruFocus, Times Colonist, Infront Analytics, Canadian Insider, and Nasdaq reported earlier on DAVIDsTEA, Inc. (DTEA), and we also highlight the Company, here at the QualityStocks Daily Newsletter.

Founded in 2008, DAVIDsTEA, Inc. is a foremost tea merchant in North America. The Company is a retailer of specialty tea, offering a differentiated selection of proprietary loose-leaf teas and other products. In addition, it provides its products via its Website, davidstea.com. DAVIDsTEA has its corporate headquarters in Mount-Royal, Quebec. The Company’s shares trade on the NasdaqGS.

DAVIDsTEA has more than 230 company-owned and operated DAVIDsTEA retail stores in Canada and the United States. In addition, a selection of DAVIDsTEA products is available in grocery stores throughout Canada through its growing wholesale distribution channel.

The Company now works with office and food service distributors for those who want to sell DAVIDsTEA in spas, restaurants, hotels, and cafes. Moreover, DAVIDsTEA has its corporate gifting program. As such, orders over $500 are eligible to receive a corporate discount.

DAVIDsTEA offers approximately 135 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, and accessories; and food. It also offers tea beverages, such as hot or iced tea, and tea lattes. The Company provides loose-leaf tea in white, green, oolong, black, pu'erh, mate, rooibos, and herbal tea categories.

DAVIDsTEA began Q1 of Fiscal 2020 with $46.1 million of cash and temporarily closed all of its 231 stores in Canada and the United States effective March 17, 2020 due to the continuing coronavirus (COVID-19) pandemic. As of that date, all stores remain closed. The Company continues to offer its products directly to consumers by way of its online platform and in more than 2,500 supermarkets and drugstores throughout Canada.

Last week, DAVIDsTEA announced that it will avail itself of a 45‑day blanket extension granted by the securities regulatory authorities in the United States and Canada and file by no later than July 31, 2020 its financial statements and management’s discussion and analysis for its Q1, ended May 2, 2020. The filing was originally due by June 16, 2020.

DAVIDsTEA, Inc. (DTEA), closed Wednesday's trading session at $1.1701, off by 4.0902%, on 145,469 volume. The average volume for the last 3 months is 131,371 and the stock's 52-week low/high is $0.314999997/$2.29999995.

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Driven Deliveries, Inc. (DRVD)

Green Market Report, OTC Markets, Investor Ideas, BioPortfolio, Technical420, Barchart, Dividend Investor, Simply Wall St, Stockhouse, Stockopedia, Morningstar, GuruFocus, YCharts, Stockwatch, last10k, Stock Price, Financial News Media, TipRanks, InvestorsHub, Investing.com, Investors Hangout, Cannabis Business Times, Seeking Alpha, Wallet Investor, and TradingView reported earlier on Driven Deliveries, Inc. (DRVD), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Driven Deliveries, Inc. is California's fastest growing online cannabis retailer and direct-to-consumer delivery company. It is the first U.S. based publicly traded cannabis delivery service operating within the USA. The Company previously went by the name Results-Based Outsourcing, Inc. It changed its name to Driven Deliveries, Inc. in September of 2018. Ganjarunner is a subsidiary of Driven Deliveries. Established in 2013, Driven Deliveries has its corporate headquarters in San Diego, California.

The Company provides e-commerce solutions, online sales, and on-demand cannabis delivery in select cities where permitted by law. It offers legal cannabis consumers the ability to buy and receive their marijuana in a quick and convenient manner. Driven Deliveries provides a proprietary, turnkey delivery system to its customers.

Driven Deliveries works with brands and their products to be the all-in-one delivery solution to the States of California, Nevada, and Oregon. The Company enables brands to sell and deliver their products directly to consumers via e-commerce and home delivery solutions.

The Company connects upstream cultivators, manufacturers, brands, and retailers through software and logistics solutions. Driven Deliveries covers 92 percent of California's population for next day and close to 60 percent same day. It delivers to urban, rural, and metropolitan areas and homes, businesses, and hotels.

Last week, Driven Deliveries announced it realized greater than $2.1 million in gross collections in May. This represents an increase of 20.4 percent versus April. Its online retail divisions, Ganjarunner and Budee, now represent greater than 225,000 registered cannabis consumers. In addition, Driven Deliveries reported it acquired more than 5,300 new customers and delivered over 25,300 orders to consumer doorsteps. This represents an increase of 18 percent over the previous month.

Last week, Driven Deliveries announced that it successfully launched its new brand to consumer program, Brand Budee. This solution enables brands to sell directly to consumers through their own website, shopping products available to purchase based on their location. Brand Budee provides consumers direct access to some of the most renowned cannabis brands in the space with delivery in less than 90 minutes across the State of California.

Driven Deliveries, Inc. (DRVD), closed Wednesday's trading session at $0.749, off by 0.133333%, on 5,387 volume. The average volume for the last 3 months is 41,186 and the stock's 52-week low/high is $0.349999994/$2.26999998.

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Medexus Pharmaceuticals, Inc. (PDDPF)

NetworkNewsWire, P&T Community, Midas Letter, InvestorX, GlobeNewswire, Morningstar, MarketWatch, Stockhouse, Stockwatch, Investing News, Digital Journal, TradingView, Proactive Investors, Nasdaq, Seeking Alpha, Barchart, GuruFocus, Market Screener, TMXmoney, YCharts, and OTC Markets reported earlier on Medexus Pharmaceuticals, Inc. (PDDPF), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Medexus Pharmaceuticals, Inc. is a foremost specialty pharmaceutical company with a strong North American commercial platform. It focuses on the therapeutic areas of auto-immune disease, hematology, and also allergy. Medexus provides market-leading prescription and over the counter (OTC) brands to patients and healthcare professionals. The Company previously went by the name Pediapharm, Inc. It changed its name to Medexus Pharmaceuticals, Inc. in December of 2018. Medexus Pharmaceuticals lists on the OTC Markets’ OTCQB.

The Company operates via two unique segments. These are Medexus Pharma Canada and Medexus Pharma USA. Within the Canadian business it also has a pediatric focused unit called Pediapharm.

Medexus Pharma Canada is a fully integrated commercial infrastructure. Its emphasis is on rheumatology, allergy, auto-immune disease, specialty oncology, and pediatric diseases in Canada. Medexus Pharma USA is a fully integrated commercial infrastructure. Its emphasis is on rheumatology and auto-immune diseases in the United States.

Medexus Pharmaceuticals’ leading products are Rasuvo™ and Metoject®, an innovative formulation of methotrexate (auto-pen and pre-filled syringe) designed to treat rheumatoid arthritis and other auto-immune diseases. Leading products also include IXINITY®, an intravenous recombinant factor IX therapeutic for use in patients 12 years of age or older with Hemophilia B – a hereditary bleeding disorder characterized by a deficiency of clotting factor IX in the blood, which is necessary to control bleeding; and Rupall®, a unique allergy medication with an inventive mode of action.

Recently, Medexus Pharmaceuticals provided an update on its business in light of the recent transformative acquisition of the commercial hematology asset, IXINITY®, the resulting re-organization and alignment of Medexus’ U.S.-based business, and its continuing response to the COVID-19 pandemic. With its acquisition of Aptevo BioTherapeutics LLC, which owns the IXINITY® asset, from Aptevo Therapeutics, Inc. (Aptevo) having closed on February 28, 2020, the fiscal Q4 ending March 31, 2020 is the first quarter that includes revenue for Medexus from sales of IXINITY®.

The integration of IXINITY® is progressing in line with Medexus Pharmaceuticals’ expectations. The Company sees considerable potential for further growth in sales of the product as it leverages its integrated and expanded sales force in the United States.

Medexus Pharmaceuticals, Inc. (PDDPF), closed Wednesday's trading session at $2.4026, up 29.4302%, on 3,516 volume. The average volume for the last 3 months is 2,053 and the stock's 52-week low/high is $1.70000004/$3.56089997.

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Monitronics International, Inc. (SCTY)

Zacks, YCharts, Barchart, Alpha Query, Nasdaq, Ask Finny, Biz Journals, TipRanks, Simply Wall St, Finbox, TMXmoney, Webull, Morningstar, OTC Markets, MacroTrends, Dividend.com, Stockhouse, last10k, MarketWatch, Investor Place, Market Screener, Seeking Alpha, Investing.com, Equities.com, and GlobeNewswire reported earlier on Monitronics International, Inc. (SCTY), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.

Monitronics International, Inc., doing business as Brinks Home Security, provides security alarm monitoring and related services to residential and commercial customers in the United States, Canada, and Puerto Rico. It is one of the largest home security and alarm monitoring companies in the U.S. Brinks Home Security secures roughly 841,000 residential and commercial customers via highly responsive, simple security solutions backed by expertly trained professionals. Established in 1994, Monitronics International (Brinks Home Security) is based in the Dallas-Fort Worth, Texas area.

The Company has one of the nation’s largest networks of independent authorized dealers and also direct-to-consumer sales of DIY (Do-it-Yourself) and professionally installed products. Brinks Home Security’s dedication is to providing strong and reliable smart home security with speedy alarm response from its U.S.-based Alarm Response Center to all its customers.

Brinks’ systems use cellular and Wi-Fi to connect a customer’s security panel or base to its Alarm Response Center, and also to the system’s mobile app. With Brinks Home Security™ professional monitoring, 4G LTE cellular backup and battery backup ensure that a customer’s monitoring is uninterrupted.

Brinks provides monitoring services for alarm signals resulting from burglaries, fires, medical alerts, and other events through security systems at customers' premises. Additionally, the Company offers home automation services, including remote activation and control of security systems; support for video monitoring, flood sensors, and automated garage door and door lock capabilities; and thermostat integration services. Furthermore, Brinks provides hands-free two-way interactive voice communication between its monitoring center and customers; customer and technical support related services to home monitoring systems and home automation services; and the aforementioned DIY and professional installation security solutions.

Last week, Monitronics International (Brinks Home Security) announced that Mr. Dinesh Kalwani has joined the Company as Senior Vice President Sales Operations and Business Intelligence, effective June 1, 2020. Mr. Kalwani joins Brinks Home Security with more than 12 years of sales and customer operations experience in software, logistics, and IOT enterprises. Most recently, he was Vice President of Business Intelligence and Systems at Omnitracs, LLC.

Monitronics International, Inc. (SCTY), closed Wednesday's trading session at $2.73, up 6.6406%, on 4,815 volume. The average volume for the last 3 months is 9,984 and the stock's 52-week low/high is $1.00/$16.4899997.

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Spearmint Resources, Inc. (SPMTF)

Geology for Investors, Investment Pitch, 4-Traders, Trading View, Nasdaq, MarketSmart Resources, Dividend Investor, Morningstar, Barron’s, Stockwatch, TMXmoney, Investing News, Simply Wall St, InvestorX, Junior Mining Network, Wallet Investor, Resource World, Stockhouse, MarketWatch, Market Screener, and Mining Stock Education reported on Spearmint Resources, Inc. (SPMTF), and we also highlight the Company, here at the QualityStocks Daily Newsletter.

Spearmint Resources, Inc. acquires, explores, and evaluates mineral properties in the United States and Canada. An exploration stage company, its emphasis is on assembling a portfolio of low risk, high reward properties at the exploration stage and developing them to maximize shareholder value. The Company previously went by the name Indefinitely Capital Corp. It changed its name to Spearmint Resources, Inc. in February of 2012. Spearmint Resources has its head office in Vancouver, British Columbia (BC).

At present, the Company’s projects include a portfolio of prospects in the Golden Triangle of BC; the 'Golden Triangle Gold Prospects' comprising six claims consisting of 9,157 acres bordering GT Gold Corp.; the 920 acre 'NEBA West' & 6,803 acre 'NEBA' Gold-Copper Prospects bordering Aben Resources Ltd.; the 'Henry' Gold-Copper Prospect comprising two contiguous claim blocks totaling 4,912 acres in the direct vicinity of Golden Ridge Resources Ltd., and the 17,593 acre 'EL North' Nickel-Copper Prospect comprising six contiguous claims in the Eskay Creek Camp bordering Garibaldi Resources Corp. Furthermore, its current projects include its earlier acquisition, the 4,980 acre 'Prickle' property bordering Brixton Metals Corp.

Spearmint Resources’ other BC projects include the 'Gold Mountain Prospects' comprising three separate claim blocks totaling 1,245 acres bordering Barkerville Gold Mines; the 'Safari' Copper-Gold Prospect comprising 9,007 contiguous acres in the northern Quesnel Trough in north-central BC directly bordering Serengeti Resources, Inc.; and the 'Hammernose' Gold Prospect consisting of 5,140 acres directly bordering the strategic alliance between Westhaven Ventures, Inc. & Sable Resources Ltd. in the Spences Bridge Gold Belt in Southern BC.

In addition, projects include the 'Chibougamau Vanadium Prospects' comprising 17,142 contiguous acres bordering the vanadium deposit of BlackRock Metal's (private) Ilmenite vanadium project and Vanadium One Energy Corp. and Spearmint's 'Clayton Valley Lithium Prospects' in Nevada comprising two claim blocks totaling 1,160 acres bordering Pure Energy Minerals & Cypress Development Corp. where Spearmint's drill results have intersected Lithium values as high as 1,670 ppm Li.

Last month, Spearmint Resources announced that it acquired the 'Escape Lake North' PGM Project in the Province of Ontario, comprising roughly 2,500 contiguous acres. The new project is prospective for platinum group metals (PGM) and is near existing infrastructure in a mining-friendly jurisdiction just north of Thunder Bay, Ontario.

Subsequent to the above announcement, Spearmint Resources announced that it immediately expanded the 'Escape Lake North' Platinum-Palladium Project in Ontario. The project now comprises roughly 4,000 contiguous acres.

Spearmint Resources, Inc. (SPMTF), closed Wednesday's trading session at $0.0229, off by 10.1961%, on 448,700 volume. The average volume for the last 3 months is 160,446 and the stock's 52-week low/high is $0.005599999/$0.041749998.

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Torque Esports Corp. (MLLLF)

Speedway Digest, Street Signals, Capital10X, Macroaxis, Small Cap Power, OTC Dynamics, Investing News, Penny Stock Hub, News Break, Streaming Media, Investor Intel, Morningstar, Financial Buzz, Nasdaq, InvestorsHub, GuruFocus, Barchart, Frankly Media, GlobeNewswire, and Stockhouse reported beforehand on Torque Esports Corp. (MLLLF), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Torque Esports Corp. recently restructured its business and leadership team. The Company now concentrates exclusively on two areas – esports racing and esports data provision. Torque has publishing, IP (Intellectual Property), content, and data expertise in its portfolio, combined with a new Board and Management team.

Torque Esports is headquartered in Toronto, Ontario. The Company formerly went by the name Millennial Esports Corp. It changed its name to Torque Esports Corp. in October of 2019. The Company’s shares trade on the OTC Markets’ OTCQB.

Torque Esports goal is to revolutionize esports racing and the racing gaming genre through its industry-leading gaming studio Eden Games ( Lyon, France ). Eden Games focuses on mobile racing games and its inventive motorsport IP. This includes World's Fastest Gamer (created and managed by wholly-owned subsidiary IDEAS+CARS, Silverstone UK). Additionally, with simulator company AiS recently added – Torque Esports offers gamers everything from Free to Play mobile games to the highest end simulators.

Stream Hatchet is a Barcelona, Spain -based wholly-owned subsidiary of Torque Esports. Building on the leading position of Stream Hatchet, Torque also provides strong esports data and management information to brands, sponsors, and industry leaders. This data enables the esports industry to monetize the large number of participants in the gaming and esports space.

In May, Torque Esports, Frankly, Inc. (TLK.V) (FRNKF), and WinView, Inc. announced the completion of the business combination earlier announced on March 10, 2020 resulting in the acquisition of each of Frankly and WinView by Torque, which will soon change its name to Engine Media Holdings, Inc. The expectation is that this transaction will place Engine Media at the vanguard of esports, news streaming, and sports gaming across multiple media platforms.

Recently, Torque Esports announced it completed the acquisitions of The Race YouTube Channel (formerly known as "LetsGoRacing") and Driver Database. Both transactions were earlier announced as 51 percent acquisitions (press releases issued on October 10, 2019 for LetsGoRacing and September 25, 2019 for Driver Database), but Torque Esports has now acquired 100 percent of both businesses.

The Race YouTube channel centers on motorsport and esports racing content, from the creators of The Apprentice. Driver Database is a top data provider to racing drivers and the general motorsport industry. It has greater than 90,000 active monthly users.

The six-part documentary on Engine Media/Torque Esports' pioneering "gamer to racer" esports program, World's Fastest Gamer, is set to have its debut this Saturday on ESPN's (NYSE: DIS) networks. The six-part series is to be seen first on ESPN2 and the ESPN app on Saturday, June 13, 2020 at 5:00 p.m. (EDT).

Torque Esports Corp. (MLLLF), closed Wednesday's trading session at $0.5672, off by 3.9458%, on 211,050 volume. The average volume for the last 3 months is 244,035 and the stock's 52-week low/high is $0.275000005/$4.29710006.

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Affluence Corporation (AFFU)

OTC Markets, EODData, Central Charts, Predict Wall Street, Capacity Media, Morningstar, Barchart, Wallet Investor, CRWEWorld, GlobeNewswire, Pink Investing, YCharts, InvestorsHub, TradingView, TipRanks, and Investors Hangout reported beforehand on Affluence Corporation (AFFU), and we also report on the Company, here at the QualityStocks Daily Newsletter.

Affluence Corporation is a telecommunications infrastructure company based in Chicago, Illinois. It is a diversified holding company focused on 5G infrastructure businesses. This includes fiber, tower construction and maintenance, base station installation, and other complementary technologies. Affluence’s shares trade on the OTC Markets.

The Company announced recently that it is divesting its interests in its entertainment division to focus on 5G infrastructure and 5G technologies. Affluence has pending LOI's (Letters of Intent) with several 5G infrastructure companies. As part of this strategic emphasis, the Company has named Mr. James E. Honan Jr. as Chief Executive Officer (CEO).

Mr. Honan will lead Affluence and execute the Company's acquisition and integration strategy. Most recently, he was President of Affluence's Telecom vertical. Before that he was a consultant to a number of companies and private equity firms advising on business development and mergers and acquisitions (M&As). Mr. Honan received an MBA in Finance from the Mendoza School of Business at the University of Notre Dame, and a BS in Accounting from Bentley University.

This past January, Affluence announced that it appointed Mr. Rohan Chanmugam to serve on its Board of Directors. Mr. Chanmugam is Chairman of Clevercoms Ltd., a management consultancy advising the telecommunications, media and technology (TMT) sector. He has greater than three decades of experience in the industry. Further to founding Clevercoms, Mr. Chanmugam was a Senior Vice President at Equant (Orange Business Services), Managing Director BT A&M, Strategic Advisor to the Chief Executive Officer of COLT Telecom, and Non-Executive Director of Host Europe Corporation.

Additionally, in January, Affluence announced that it acquired RAS Engineering, P.A. a telecom infrastructure engineering company based in Miami, Florida. RAS Engineering, P.A. provides the vital design work required for telecommunications construction projects and site plans.

Mr. James Honan, Affluence Chief Executive Officer, said, "The RAS Engineering, P.A. acquisition is the second of several planned acquisitions and brings innovative technology, national engineering licenses and synergistic capabilities to be employed by our acquired companies. RAS Engineering, PA, a nationally-awarded engineering company, has developed a shielding technology that reduces the amount of radiofrequency radiation emitted by 5G base stations…”

Affluence Corporation (AFFU), closed Wednesday's trading session at $0.51, up 154.8726%, on 600 volume. The average volume for the last 3 months is 29 and the stock's 52-week low/high is $0.019999999/$1.79999995.

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Better Choice Company, Inc. (BTTR)

TipRanks, Investor Place, Market Wire News, Street Insider, National Institute for Cannabis Investors, All Cap Research, TeleTrader, Market Screener, OTC.Watch, Stockwatch, TradingView, Simply Wall St, and Wallet Investor reported beforehand on Better Choice Company, Inc. (BTTR), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.

Better Choice Company, Inc. is an animal health and wellness CBD (cannabidiol) company listed On the OTC Markets’ OTCQB. It has acquired TruPet LLC and Bona Vida, Inc. Better Choice Company offers consumers a carefully curated collection of first-class pet brands, hemp-derived CBD supplements, and other services that support pet wellness. The Company is based in New York, New York.

Better Choice’s vision is to provide clean, holistic, and nutritional options for consumers who want to bring their own healthier lifestyle to their pets. The Company’s products promote wellness and support better and longer lives for pets. Better Choice’s TruPet is an online seller of ultra-premium, all-natural pet food, treats and supplements. TruPet has a special emphasis on freeze dried and dehydrated raw products.

Bona Vida is a unique emerging CBD platform. Bona Vida’s focus is on developing a portfolio of brand and product verticals within the animal and human health and wellness space.

Better Choice’s portfolio includes TruDog, an online seller of ultra-premium, freeze-dried raw pet food, treats and supplements, and Elvis Presley’s Hound Dog, an inventive CBD platform. In addition, its portfolio includes TruGold, a hemp-based product line, and Rawgo!, a premium dehydrated dog food. The Company’s portfolio also includes Orapup, a dental health system for dogs, TruCat, a premium pet food and supplements brand for cats, and Pet Premium, a foremost pet insurance provider.

Better Choice Company has a strategic partnership with Authentic Brands Group (ABG). ABG (New York, New York) is a worldwide brand development, marketing, and entertainment company and owner of Elvis Presley Enterprises LLC. This strategic partnership is for a line of CBD pet products under the Elvis Presley Hound Dog brand.

Recently, Better Choice Company provided shareholders with a financial update of its earlier announced acquisition of holistic pet foods leader Halo, Purely for Pets® (Halo®). On an annualized basis, Halo is presently generating Net Sales of about $33.4 million. This is based on Better Choice Company’s unaudited fiscal year-to-date results (July 1, 2019 to November 30, 2019), which Net Sales is roughly $13.9 million. Halo® focuses on the quality of its pet nutrition products using OrigiNative™ GAP and MSC-certified proteins that say no to factory farming and offer Superior Digestibility.

Better Choice Company, Inc. (BTTR), closed Wednesday's trading session at $1.50, up 51.5152%, on 52,532 volume. The average volume for the last 3 months is 4,967 and the stock's 52-week low/high is $0.500100016/$6.46000003.

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FingerMotion, Inc. (FNGR)

Stock Target Advisor, OTC Markets, Capital Cube, Stockwatch, Investors Hangout, Stockhouse, Real Investment Advice, Trading View, InvestorsHub, Street Insider, Simply Wall St, and Wallet Investor reported beforehand on FingerMotion, Inc. (FNGR), and today we report on the Company, here at the QualityStocks Daily Newsletter.

FingerMotion, Inc. is a U.S. FinTech (Financial Technology) company with mobile payment and recharge platform operations in the People’s Republic of China (PRC). It is one of five companies in China with access to wholesale rechargeable minutes by way of top-up credits on the mobile phone. The Company’s vision is to quickly grow its user base via organic means and have this growth develop into an ecosystem of users with high engagement rates using its unique applications.

JiuGe Information Technology is FingerMotion’s wholly-owned Chinese subsidiary. FingerMotion has its head office in China. The Company’s shares trade on the OTC Markets Group’s OTCQB.

FingerMotion is investing in research and development (R&D). Its chief area of emphasis is the development of “must have” applications for consumers and businesses. Its longer term focus is to develop a marketing platform capable of leveraging all the meta data collected by the leading telcos into a predictive model, which is able to isolate and extract consumer behavior and habits for future monetization.

FingerMotion is developing value added technologies to market to its users. The Company ultimately hopes to serve more than 1 billion users in the China market and eventually expand the model to other regional markets.

In late October 2019, FingerMotion announced its financial results for the quarter ended August 31, 2019. Chief Executive Officer, Mr. Martin Shen, said, “I am very pleased with the improvement in our JiuGe subsidiary, as we posted our first ever gross profit for the quarter. We believe this achievement has elevated us to an elite class of Chinese e-commerce businesses that have reached profitability.”

The latest financial results reflect an improved balance sheet and quarter-over-quarter growth. FingerMotion maintained momentum in their Revenues mainly driven by their strategic partnerships regarding top-up growth. Its Gross Transaction Volume (GTV) for Q2 was $181 million. This represents a 15 percent quarter over quarter increase in comparison to the $157 million realized in Q1. This translates to an annual run rate of $722 million.

The Company stated that the SMS business is also gaining noticeable traction. Moreover, the JiuGe subsidiary was awarded contracts to market China Mobile’s products and services online, in ShanXi and SiChuan provinces, which have a combined population of greater than 115 million people.

FingerMotion, Inc. (FNGR), closed Wednesday's trading session at $0.75, up 59.5745%, on 59,892 volume. The average volume for the last 3 months is 8,918 and the stock's 52-week low/high is $0.172000005/$9.4499998.

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Datable Technology Corporation (TTMZF)

Zacks, Small Cap Power, The Hot Penny Stocks, Penny Stock Hub, Wealthy Venture Capitalist, Otc.watch, OTC Markets, The Cannabis Investor, InvestorX, Stockwatch, Market Screener, GlobeNewswire, Seeking Alpha, Proactive Investors, Global Banking and Finance, Stockhouse, TradingView, TipRanks, and TMXmoney reported earlier on Datable Technology Corporation (TTMZF), and we also highlight the Company, here at the QualityStocks Daily Newsletter.

Datable Technology Corporation is the developer of the consumer marketing platform PLATFORM³. This is a proprietary, mobile-based consumer marketing platform. PLATFORM³ incorporates Artificial Intelligence (AI) and Machine Learning to monetize consumer data, including demographics and purchasing behaviour, by sending consumers targeted offers by email and text messages.

The Company previously went by the name 3Tl Technologies Corp. It changed its name to Datable Technology Corporation in May of 2018. Established in 2008, Datable Technology Corporation is based in Vancouver, British Columbia.

Datable Technology’s mission is to enable Brands to take advantage of today’s most powerful technologies to engage consumers and collect valuable data that can be used to boost sales. PLATFORM³ sells to worldwide Consumer Packaged Goods (CPG) companies and consumer brands. PLATFORM³ is delivered as a subscription service (Software as a Service model). It is used by CPG companies to engage consumers, reward purchases, as well as collect valuable consumer data.

PLATFORM³ is an enterprise, white-labeled mobile shopper marketing and messaging platform. It features strong tracking, analytics, as well as reporting capabilities. The design of PLATFORM³ modules are to engage shoppers, influence in-store purchasing decisions, grow brand loyalty, and encourage continuing dialogue and the sharing of brand content via social media.

Recently, Datable Technology announced it signed a definitive agreement with uBUCK Technologies SEZC, a wholly-owned subsidiary of LiteLink Technologies, Inc. (CSE:LLT) (LLNKF), to enter into a strategic commercial relationship. This Agreement was signed on September 11, 2019, with an initial term of 24 months and the option to renew for a further 24 months. It replaces an LOI signed on May 6, 2019.

With this Agreement, uBUCK will integrate PLATFORM³ into uBUCK's digital payments platform. This will permit account holders of uBUCK Pay - who can now make online payments and send global payment transfers within seconds without paying for transfer fees - to also earn rewards for purchases and payments made within the uBUCK Pay digital wallet or on their uBUCK Mastercard.

Datable Technology Corporation (TTMZF), closed Wednesday's trading session at $0.0339, up 69.50%, on 370,400 volume. The average volume for the last 3 months is 20,595 and the stock's 52-week low/high is $0.009999999/$0.072999998.

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Uniroyal Global Engineered Products, Inc. (UNIR)

NetworkNewsWire, StockPulse, Zacks, Simply Wall St, Infront Analytics, Wallet Investor, Stockhouse, Proactive Investors, Capital Network, Proactive Investors, Market Screener, and OTC Markets reported previously on Uniroyal Global Engineered Products, Inc. (UNIR), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.

Uniroyal Global Engineered Products, Inc. (UNIR) is a worldwide provider of vinyl coated fabrics products that have diverse high performance characteristics and capabilities. These products are manufactured by the Company’s subsidiaries Uniroyal Engineered Products, LLC and Uniroyal Global Limited. UNIR is a foremost manufacturer of vinyl-coated fabrics, which are durable, stain resistant, cost-effective alternatives to leather, cloth and other synthetic fabric coverings. OTCQB-listed, UNIR is headquartered in Sarasota, Florida.

The Company’s coated fabrics products are frequently used in applications that require rigorous performance characteristics. These include automotive and non-automotive transportation, certain indoor/outdoor furniture, commercial and hospitality seating, healthcare facilities and athletic equipment. UNIR’s main brands names include Naugahyde®, BeautyGard®, Flameblocker™, Spirit Millennium®, Ambla®, Amblon®, Velbex®, Cirroflex®, Plastolene® and Vynide®.

UNIR’s products for the automotive industry are chiefly used in seating, door panels, head and arm rests, security shades and trim components, including instrument panels, door casings, seating, gear lever and steering column gaiters, headliners and load space covers. Moreover, non-automotive applications include outdoor seating for utility and sports vehicles, and sheeting used in medical, nuclear protection, personal protection, moisture barriers, pram and nursery, movie screen and decorative surface applications.

In 2018, UNIR’s revenue was derived 66.2 percent from the automotive industry. Roughly 33.8 percent was derived from the recreational, industrial, indoor and outdoor furnishings, hospitality and healthcare markets.

UNIR has opened a new Detroit, Michigan area office dedicated to the North American automotive market. This new office features a design studio along with a sales team committed to serving existing original equipment manufacturer (OEM) customers and new automotive clients. The office is in Farmington Hills. It joins other UNIR offices in Stoughton, Wisconsin; Sarasota, Florida; Earby, Lancashire, UK; and Shanghai, China.

Recently, UNIR reported its financial results for the three months ended March 31, 2019. Net Sales for the three months ended March 31, 2019 decreased $1,035,827 or 3.9 percent to $25,393,860 from $26,429,687 recorded in the year prior. Excluding the negative currency effect of the exchange rates, Total Revenue would have only decreased by about $33,000 or 0.1 percent.

Operating Income for the three months ended March 31, 2019 was $880,397, in comparison to $898,200 in the prior year. This represents a decline of $17,803 or 2.0 percent. The main reasons for the drop were lower sales and a contraction in Gross Profit margins to 17.0 percent this year in comparison to 17.5 percent in the prior year.

Uniroyal Global Engineered Products, Inc. (UNIR), closed Wednesday's trading session at $2.60, up 62.50%, on 110 volume. The average volume for the last 3 months is 186 and the stock's 52-week low/high is $1.50/$6.25.

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NuZee, Inc. (NUZE)

NetworkNewsWire, Stock Orange, Awesome Penny Stocks, Penny Stock Hub, InvestingOnline, OTC Stock Picks, MarketWatch, Barchart, InvestorsHub, Biz Journals, Zacks, OTC Markets, Dividend Investor, Capital Cube, Business Insider, Vending Market Watch, Market Exclusive, Corporate Information, Stockopedia, and Research and Markets reported on NuZee, Inc. (NUZE), and today we choose to report on the Company, here at the QualityStocks Daily Newsletter.

NuZee, Inc. concentrates on building beverage brands, which offer functional and nutritional benefits. The Company (d/b/a Coffee Blenders®) is the pioneer in functional coffee. It offers gourmet specialty grade coffee in convenient single serve cups using only natural ingredients with clinically supported nutraceuticals. NuZee has its corporate office in Vista, California. Established in 2011, the Company lists on the OTCQB.

NuZee manufactures and sells its Drip Cup line of single serve, pour-over functional coffees. These include Lean Cup® (for weight loss), Think Cup® (for cognitive performance), Relax Cup® (for stress reduction), Active Cup® (for a pre-workout boost of energy), Nude Cup® (100 percent Arabica coffee with no function), and Matcha Cup tea. In addition, NuZee manufactures and sells its Whole Bean coffee line.

NuZee has its ready-to-drink (RTD) gourmet, functional, cold brew coffee line. This product was first available at independent retailers and convenience stores across Southern California. A national roll-out is continuing.

NuZee has undertaken the expansion of its existing production facility in Vista, California. This is to accommodate the growth of its Drip Cup line of functional gourmet coffee sold under the Coffee Blenders® brand name. NuZee adds two new Drip Cup co-packing machines and upgrades process automation as part of the expansion.

NuZee’s customers include B2B (Business-to-Business) multi-store retail chains and wholesale distributors that deliver to chain and independent stores. Also, NuZee sells its products to office and home delivery services that deliver coffee and water to homes and businesses locally.

NuZee earlier announced that it created a new, wholly-owned subsidiary called NuZee KOREA LTD. NuZee KOREA will manage sales, marketing and associated activities for the Coffee Blenders’ line of Drip Cup functional coffees throughout Asia.

Recently, NuZee announced that its production facility in Vista, California was awarded Level 2 Safe Quality Food (SQF) Certification by the Safe Quality Food Institute (SQFI). Masa Higashida, Chief Executive Officer of NuZee, said, "The receipt of SQF Certification is a milestone development in NuZee's ongoing efforts to expand our co-packing business for regional and global brands, many of which require SQF Certification as a pre-condition for a relationship. This certification will allow us to advance ongoing conversations with potential clients, establish new sales channels, and support the introduction of new products."

NuZee, Inc. (NUZE), closed Wednesday's trading session at $18.75, up 44.2308%, on 321 volume. The average volume for the last 3 months is 71 and the stock's 52-week low/high is $5.05000019/$60.00.

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LD Holdings, Inc. (LDHL)

Tip.us, Wall Street Reporter, pressreleasepoint,  Innovative Marketing, and Stock Guru reported previously on LD Holdings, Inc. (LDHL), and we report on the Company today, here at the QualityStocks Daily Newsletter.

LD Holdings, Inc. is a Financial and Management Holding Company listed on the OTC Markets Group’s OTCQB. Its focus is on acquiring businesses owned by Boomers who do not have an exit strategy. The Company’s emphasis is on delivering venture capital level returns without the venture capital level risk.  LD Holdings (formerly known as Leisure Direct, Inc.) is based in Perrysburg, Ohio.

LD Holdings focuses on providing marketing, sales, and other business services, which represent target services to position client companies for sales and profit growth in preparation for their eventual sale. In addition, the Company focuses on maintaining a database of businesses for sale; maintaining a database of individuals with specific backgrounds and expertise for acquisition, evaluation, and strategizing the post-acquisition business model; and maintaining a database of investors. 

LD Holdings will also maintain a database of young entrepreneurial managers. The Company will maintain a database of talented individuals with varied specific backgrounds. This will allow it to have expertise available for acquisition evaluation, and strategizing the post-acquisition business model for each potential acquisition,  upon the financial aspects of the transaction being  ascertained.

Furthermore, LD Holdings will look to acquire companies that have an existing management base that can assist in the transition to grow organically and profitably. Also, it will maintain and expand a database of investors to help finance acquisitions.

LD Holdings’ is focusing its immediate and near-term actions on executing a round of five acquisitions in the landscape architect, build and servicing space; implementing a transition and integration plan for newly acquired businesses; delivering revenue growth and operational efficiency targets; and positioning the public entity of LD Holdings for potential exchange up-listing and long term financial success.

The Company works to source Boomer businesses that fit LD Holdings’ acquisition criteria. LD Holdings will source and locate businesses with sales less than $25 million, profitable for the last 3 to 5 years, or have a well-defined path to profitability.

LD Holdings’ plan is to finance its goals via the use of a qualified and screened database of up to 3,000 accredited investors (Angels and Institutions) and 1,500 non-credited investors.

LD Holdings, Inc. (LDHL), closed Wednesday's trading session at $0.0002, up 100.00%, on 15,200 volume. The average volume for the last 3 months is 2,231 and the stock's 52-week low/high is $0.000099999/$0.059.

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The QualityStocks Company Corner

Wrap Technologies Inc. (NASDAQ: WRTC)

The QualityStocks Daily Newsletter would like to spotlight Wrap Technologies Inc. (NASDAQ: WRTC).

Wrap Technologies, Inc. (the "Company" or "Wrap") (WRTC), an innovator of modern policing solutions, announced that Tom Smith, President of Wrap Technologies, is scheduled to be interviewed live tomorrow morning via Google Meetups on Yahoo Finance on "The First Trade" program. Smith will be discussing the BolaWrap and pandemic policing during the era of COVID-19, social distancing and recent rioting. The live broadcast can be viewed live on the Yahoo Finance app, or on the Yahoo Finance website here.

Wrap Technologies Inc. (NASDAQ: WRTC) is an innovator of modern policing solutions. The company’s BolaWrap® product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to restrain an individual at a range of 10-25 feet. Developed by award-winning inventor Elwood Norris, the company’s chief technology officer, the small-but-powerful BolaWrap assists law enforcement in safely and effectively controlling encounters, especially those involving an individual experiencing a mental crisis.

Non-Lethal Weapons Market Potential

The BolaWrap Remote Restraint device is an innovative police solution, designed to provide law enforcement with a unique mobile and humane restraint option that does not inflict pain and enables subjects to be detained from a distance without the use of force.

In 2015, the 10 cities with the largest police departments in the United States paid out a cumulative $248.7 million in settlements and court judgements in police misconduct cases, marking a 48% increase from the $168.3 million in 2010 (http://nnw.fm/ri0L9). The majority of these cases have centered around the improper use of force by law enforcement when subjugating individuals, with 25% of all fatal shootings by law enforcement in the United States reportedly involving mentally ill individuals who are often incapable of comprehending officer commands (http://nnw.fm/YVm8P). Moreover, the use of alternate devices has failed to produce the desired outcomes, with the use of tasers by police resulting in over 1,080 fatalities since 2000 (http://nnw.fm/2Nb1A).

This, in turn, has led to a greater demand for humane tools which are not reliant on pain compliance to subdue subjects. Since its IPO in December 2017, Wrap Technologies has enjoyed a spectacular rise in prominence. The company began field testing the BolaWrap product in July 2018, with the first international order received only a month later, in August 2018. By December 2018, the company had been uplisted to the Nasdaq Capital Market with over 1,000 shareholders – a significant increase from the 50 shareholders who had participated in the IPO just 12 months prior. Recently, the company has sought to increase its commerciality and product monetization, appointing Tom Smith, the founder of TASER International (now Axon, NASDAQ: AAXN), as its president in March 2019.

At present, over 140 police departments throughout the United States are actively carrying the BolaWrap, while over 1,700 police departments across the nation have reached out to the company to request BolaWrap demonstrations, training and quotes. BolaWrap has also been successfully marketed internationally and has been shipped to 19 countries thus far.

As of today, Wrap Technologies has built a network of 11 distributors across 45 states in the United States who are actively marketing the product to the over 900,000 active police officers in the country. In addition, the company now has a network of 15 international distributors based in 26 countries – with over 600 international requests received thus far for product demonstrations, training and quotes.

As a result and following the opening of its new 11,000-square-foot manufacturing facility in Tempe, Arizona, in October 2019, Wrap Technologies announced a 352% year-on-year increase in revenues for 3Q2019 – a testament to the growing popularity of its mobile restraint device.

The company expects its growth to continue as adoption rates of the BolaWrap product increase throughout the United States and globally. According to a study by Stratistics MRC, the addressable global market for non-lethal weapons accounted for $6.32 billion in 2016 and is set to rise to $11.85 billion by 2023.

Product Received to Positive Acclaim

  • “An innovation that is changing the world of policing.” – Chief Luther Reynolds, Charleston Police Department
  • “Anytime you can have a more humane response to someone in crisis, it’s not only good for the department, it’s good for society.” – Redditt Hudson, Regional Field Director of the NAACP (http://nnw.fm/1STXm)
  • “This is going to save lives.” – Chief Ed Hudak, Coral Gables Police Department
  • “I see this as one of the great tools if you encounter someone with a mental health crisis.” – Chief Steven Casstevens, Buffalo Grove Police Department

Recently completed $12.4 million financing round

Wrap Technologies announced that it had successfully completed its capital raising round on June 4, 2020, raising $12.4 million through a primary share placement priced at $6.00/share. The net proceeds will be use to further scale engineering, fund product development and provide working capital to meet worldwide demand for BolaWrap products and accessories (http://nnw.fm/byLV7). The company also announced that its founder, Elwood Norris, had chosen to exercise 100,000 outstanding warrants to contribute $500,000 to the capital raising efforts. Following the financing round, Wrap Technologies reported over $30 million in cash on hand.

Management Team

Elwood G. “Woody” Norris, Founder and Chief Technology Officer
Elwood G. “Woody” Norris is an award-winning American inventor and serial entrepreneur and currently serves as chief technology officer for Wrap Technologies Inc. Norris founded and served as a director and president of Parametric Sound Corporation (now Turtle Beach Corporation (NASDAQ:HEAR)) and also served as chief scientist at Turtle Beach. Norris previously founded LRAD Corporation (NASDAQ: LRAD) and, prior to retiring in 2010, was chairman of LRAD Corporation’s board of directors, serving as a technical advisor and product spokesperson. Norris has authored more than 80 U.S. patents, primarily in the fields of electrical and acoustical engineering, and has been a frequent speaker on innovation to corporations and government organizations. He is the inventor of Wrap Technologies’ patented and patent pending BolaWrap® technology.

Scot Cohen, Executive Chairman
Scot Cohen has more than 20 years of experience in institutional asset management, wealth management, and capital markets. Cohen founded and served as principal of the Iroquois Capital Opportunity Fund, a closed-end private equity fund which focused on investments in North American oil and gas. Cohen also co-founded Iroquois Capital, a New York-based hedge fund that managed approximately $300 million across its family of funds. Prior to Iroquois Capital, Cohen founded a merchant bank which actively participated in structured investments in public companies. Cohen is currently active on a number of public and private company boards and is involved with various charitable ventures.

David Norris, Chief Executive Officer
David Norris is an experienced executive who joined Wrap Technologies full-time in January 2018. From April 2014 to December 2017, he served in various executive roles, including president, at privately held loanDepot LLC as it rapidly expanded into the fifth largest mortgage lender in the U.S. loanDepot had 6,000 employees and generated $1 billion in revenue in 2017. Norris also served as CEO of Greenlight Financial, and president of LendingTree Loans. Norris’ career also includes executive and management roles at Toshiba America Information Systems and Qualcomm Personal. Earlier in his career, Norris served as a probation officer in San Diego for five years.

Tom Smith, President
Tom Smith co-founded TASER International (now Axon Enterprise Inc. (NASDAQ: AAXN)) (“TASER”) in 1993 and served as president of TASER until October 2006. He served as chairman of the board of directors of TASER from October 2006 until he retired to pursue entrepreneurial activities in February 2012. Amongst his most significant roles and responsibilities at TASER, Smith managed domestic and international sales, significantly expanding the sale and distribution of TASER’s products, including sales to more than 17,200 federal, state and local law enforcement agencies in over 100 countries. In 2012, he founded Achilles Technology Solutions LLC, which, through subsidiary ATS Armor, developed a line of ballistic solutions for law enforcement and military applications. Smith holds a B.S. in ecology and evolutionary biology from the University of Arizona and an M.B.A. from Northern Arizona University.

Jim Barnes, Chief Financial Officer
Jim Barnes has served as president of Sunrise Capital Inc., a private venture capital and financial and regulatory consulting firm, since 1984. Barnes was chief financial officer of Parametric Sound Corporation (now Turtle Beach Corporation), and also served as vice president administration at Turtle Beach Corporation. Since 1999, Barnes has been manager of Syzygy Licensing LLC, a private technology invention and licensing company he owns with Elwood Norris. Barnes previously practiced as a certified public accountant and management consultant with Ernst & Ernst and Touche Ross & Co., and as a principal in J. McDonald & Co. Ltd. in Phoenix, Arizona.

Wrap Technologies Inc. (NASDAQ: WRTC), closed Wednesday's trading session at $7.11, up 3.4182%, on 1,574,802 volume. The average volume for the last 3 months is 655,423 and the stock's 52-week low/high is $3.06999993/$10.00.

Recent News

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Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B)

The QualityStocks Daily Newsletter would like to spotlight Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B).

Bullfrog Gold (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) is a Delaware corporation engaged in the acquisition, exploration and development of gold and silver properties in the United States. The company controls strategic lands with established 43-101 compliant resources in one of the most exciting gold exploration areas in the United States. The Bullfrog Gold Project (“Project”) includes a lease/option on much of the lands where Barrick Bullfrog Inc., a subsidiary of Barrick Gold Corp., produced more than 2.3 million ounces of gold and 2.49 million ounces of silver from 1989 to 1999. The Project is located within the prolific Walker Trend about 125 miles northwest of Las Vegas, Nevada.

Bullfrog Gold Corp. (the “Company”) (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) is a Delaware corporation engaged in the acquisition, exploration and development of gold and silver properties in the United States. The Company controls strategic lands with established 43-101 compliant resources in one of the most exciting gold exploration areas in the United States. The Bullfrog Gold Project (“Project”) includes a lease/option on much of the lands where Barrick Bullfrog Inc., a subsidiary of Barrick Gold Corp., produced more than 2.3 million ounces of gold and 2.49 million ounces of silver from 1989 to 1999. The Project is located within the prolific Walker Trend about 125 miles northwest of Las Vegas, Nevada.

Project Highlights

  • The Company initially acquired 79 unpatented claims and two patents in mid-2011 and has since staked, leased, optioned, or purchased lands that now total 5,250 acres. Via a 2015 lease/option with Barrick, the Project includes the northern one-third of the Bullfrog deposit where most of the current resources in the Bullfrog mine area occur, along with their interest in the Montgomery-Shoshone deposit which gave the Company 100% control.
  • In mid-2017, a NI 43-101-compliant report by independent mining consultancy Tetra Tech Inc. estimated measured and indicated (“M&I”) resources of 624,000 ounces of gold and 1.73 million ounces of silver at average grades of 0.70 g/t and 1.93 g/t, respectively. The expansion plans of these two pits were based on a $1200 gold price, use of heap leach processing, and also included 110,000 ounces of inferred gold resources averaging 1.20 g/t. Barrick used conventional milling to process an average gold grade of 3 g/t.
  • The established resources and exploration potential of the Project are strongly supported by a large data base obtained from Barrick, including detailed information on 155 miles of drilling in 1,262 holes in the Bullfrog mine area.

Gold Rush in the Bullfrog Territory

The area around Beatty, Nevada has now attracted AngloGold Ashanti, Kinross Gold, Corvus Gold, Coeur Mining as well as the Company and Waterton. In this regard, Northern Empire Resources Corp’s property located a few miles east of the Project was acquired by Coeur Mining in October 2018 for C$117 million, implying a valuation of C$134/oz of inferred resources. As of today, the Company is trading at a significant discount to the valuation at which Northern Empire was purchased (http://nnw.fm/9NaaN), thereby highlighting the Company’s value proposition for investors.

Bullfrog Gold Corp. is focused on enhancing shareholder returns by concurrently advancing Project development and performing exploration drilling programs on several targets identified by the Company.

Secured Financing for 2020 Operations

Bullfrog Gold Corp. raised C$2 million in January 2020 through a private placement of shares priced at C$0.13/share plus a one-half warrant exercisable within two years at C$0.20 on a full warrant basis. The raise was carried out primarily to fund a drill program that started on May 1 (http://nnw.fm/6nZ0m), and was completed on June 6, 2020. Results from drilling 12,520 feet in 25 holes will be released in the coming weeks. The Company subsequently intends to conduct a preliminary financial analysis and complete further drill programs to advance the Project and add value. The financing was subscribed by several influential shareholders, including a former director of Northern Empire, who handled the sale of the company to Coeur Mining, and Eros Resources, the management of which has been involved with several high-profile mining projects and sales in the past.

Gold Prices estimated to average $1,800/oz in 2021

Gold prices have been on a remarkable run in 2020, rising by $245/oz to $1,760 prior to peaking in early May. Global central banks carried out 144 interest rate cuts thus far in 2020, reducing their rates by a cumulative 5,035 basis points (http://nnw.fm/jzZt0). Meanwhile, the IMF has estimated that global governments have introduced fiscal support measures amounting to over $9 trillion since the start of the COVID-19 pandemic (http://nnw.fm/Or9rI). The resulting weakness in the U.S. dollar and eventual inflationary pressures stemming from these measures prompted Credit Suisse to recently hike their gold price forecasts for the full year to $1,701/oz (from $1,570 previously), while the outlook for 2021 has been raised to $1,800/oz (versus $1,600 previously) (http://nnw.fm/Iqg0X).

Management Team

David Beling, CEO, President and Director
David Beling is a Registered Professional Mining Engineer with 55 years of diverse experience in areas such as engineering, development, permitting, construction, financing and management of mines and plants and the building and growth of several corporations. His initial employment included 14 years with Phelps Dodge, Union Oil, Fluor, United Technologies, and Westinghouse, followed by 41 years of senior management and consulting with 25+ U.S. and Canadian mining companies. In 2006-2007, he spearheaded an IPO, successfully drove equity raises totaling C$112 million and grew that Company’s market capitalization to $460 million. Beling has served on 14 boards since 1981, including three mining companies distinguished by the TSX Venture Exchange as top-10 performers.

Alan Lindsay, Chairman of the Board
Alan Lindsay is an entrepreneur and businessman who has founded seven companies within the mining and pharmaceutical industries, including Anatolia Minerals Development Ltd., Uranium Energy Corp., Oroperu Mineral, Strategic American Oil and AZCO Mining. Lindsay also developed the strategic vision for the 2011 acquisition and placement of the Project from NPX Metals into Bullfrog Gold Corp.

Kjeld Thygesen, Director
Kjeld is a graduate of the University of Natal in South Africa and has 48 years of experience as a resource analyst and fund manager. In 1972, he joined James Capel and Co. in London as part of its highly rated gold and mining research team before subsequently becoming manager of N. M. Rothschild & Sons’ commodities and Natural Resources Department in 1979. In 1987, he became an executive director of N. M. Rothschild International Asset Management Ltd., before co-founding Lion Resource Management Ltd., a specialist investment manager in the mining and natural resources sector, in 1989. Thygesen has been a director of Ivanhoe Mines Ltd. since 2001 and served as investment director for Resources Investment Trust PLC from 2002 to 2006.

Tyler Minnick, CFO and Director of Administration & Finance
A registered member of the Colorado Society of Certified Public Accountants with over 24 years of experience within the fields of accounting, auditing, and administrative services. Minnick has been engaged with the Company since mid-2011 and previously worked in the finance department of MDC Holdings/Richmond American Homes, one of the largest residential construction companies in the United States.

Bullfrog Gold Corp. (OTCQB: BFGC), closed Wednesday's trading session at $0.1299, up 2.2915%, on 17,233 volume. The average volume for the last 3 months is 99,360 and the stock's 52-week low/high is $0.047449998/$0.180000007.

Recent News

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InsuraGuest Technologies, Inc. (TSX.V: ISGI)

The QualityStocks Daily Newsletter would like to spotlight InsuraGuest Technologies, Inc. (TSX.V: ISGI).

InsuraGuest Technologies (TSX.V: ISGI) today announced that its wholly owned subsidiary, InsuraGuest Insurance Agency, LLC (“IG Agency”), has received approval to sell insurance in the state of New York. Per the news release, IG Agency is now able to sell insurance in all 50 states and in Washington, D.C. “We are very excited to now offer our products and services throughout the United States in its entirety,” InsuraGuest CEO and Chairman Douglas Anderson stated in the news release. “We continue to expand and develop our product offerings to service our customers and build shareholder value, and the ability to provide true nationwide coverage marks a proud milestone for InsuraGuest.” To view the full press release, visit http://nnw.fm/q8qFG

InsuraGuest Technologies, Inc. (TSX.V: ISGI) is a leading global SaaS (Software-as-a-Service) company leveraging its proprietary, flagship insurtech (insurance + technology) software, InsuraGuest, which is integrated with the property management systems of hotels and vacation rentals to deliver custom Hospitality Liability coverages.

InsuraGuest’s Hospitality Liability coverages are purchased by hotels and vacation rental properties, which can address claims from guests and their room occupants. The combination of the integrated software and customized insurance provides the property liability coverages the guests benefit from in the event a loss is incurred during their stay.

The Hospitality Liability policy is offered through integration of InsuraGuest’s API with the clients’ property management systems. InsuraGuest’s platform is currently capable of integrating with approximately 71 different hotel and vacation rental property management systems, giving it access to millions of rooms worldwide.

InsuraGuest continues to pursue expansion opportunities in the United States, and has plans to expand to its distribution platform and Hospitality Liability coverages to the United Kingdom and Europe regions by third quarter 2020, as well as expansion into Asia by the end of 2020.

Protection that Enhances the Guest’s Experience

InsuraGuest’s Hospitality Liability coverages add a layer of protection for the property on a primary basis, should a guest experience an accident or theft while staying at an InsuraGuest member hotel or vacation rental property.

Market Opportunity

The U.S. hotel industry generated more than $218 billion in annual revenues in 2018, an increase of $10 billion from the previous year, according to STR’s 2019 HOST Almanac. The European market is more than double the size of the U.S. market. According to Oxford Economics, there were 6.4 billion nights stayed in the world, with 2.6 billion hotel nights stayed in Asia, 2.8 billion nights stayed in Europe, and 1.1 billion stayed nights in the United States. Additionally, $100 billion was spent on vacation rentals in the United States, where there approximately 4.5 million second homes are being managed by a third-party rental company.

With distribution in Europe and the United States, InsuraGuest’s combined demographics will total 3.9 billion nights stayed, and will more than double its vacation rental opportunities.

Within this burgeoning, high-demand industry is risk of liability to guest injury. For example, gym injuries are among the top five most common hotel accidents. Without proper hedges in place, the property may be liable in a personal injury claim or lawsuit that are not the properties fault.

Though the potential for accidents, slip and falls and mishaps can be widespread, it can be covered under the InsuraGuest Hospitality Liability policy to provide guests a worry-free and enjoyable stay that potentially increases loyalty for the property.

Investment Consideration

  • Targeting hotels and vacation rentals, a multi-billion-dollar industry
  • Providing the first line of defense in case of accident, loss or death
  • Expanding distribution reach with footing in European hotel and vacation rental markets
  • Expansion into Asia by 2020

Executive Team

Douglas Anderson, Chairman & Chief Executive Officer
Douglas Anderson has been a businessman in the real estate industry for nearly 30 years. His business expertise includes master planning and development implementation for larger-scale resorts, business parks and commercial developments across the USA and two provinces in Canada. His business endeavors include the founding of the 7th larger private equity fund in America focusing on multifamily and senior care (ROC Fund/Bridge IPG Fund). He serves as chairman/founder of a golf and winter sports ski holding company with operations in four major east coast markets and British Columbia, Canada.

Anderson earned a Bachelor of Science in consumer studies with an emphasis in architecture as an undergraduate at the University of Utah. He subsequently earned his MBA. He also attended a three-year OPM Program a postgraduate business education at Harvard Business School in Boston. Anderson is an avid skier and outdoor enthusiast.

Logan Anderson, CFO & Director
Logan Anderson (bachelor’s degree in communications, accounting and economics) holds the designation of ACA with the Chartered Accountants of Australia and New Zealand. He began his career as an associate chartered accountant in New Zealand and then Canada. This was followed by his position as controller of a management services company which was responsible for the management of numerous private and publicly traded companies. Since 1993, Anderson has served as president of Amteck Financial Corp. (and its predecessors), a private financial consulting services company servicing both private and public companies. He is a former director of 3D Systems, Inc. (NYSE: DDD), and was formerly a founder, officer, and director of Worldbid.com. Anderson has also been involved in raising funds for numerous private and public companies in all stages of their development and has been an officer and director for numerous public and private companies over the past 40 years.

Charles James Cayias, President & Director
Charles James Cayias is also the president and owner of Charles James Cayias Insurance Inc. He is a third-generation insurance professional whose creativity and artistic vision have enabled him to establish a full-service agency combined with the personal service each client deserves. His outstanding people skills, honesty, integrity and fairness are evident by his loyal and growing clientele, the majority of which are referrals who become long-time customers and friends. Cayias began his insurance career in the early 1970s and has been licensed since 1977. He is licensed in all 50 states and specializes in niche programs. He has extensive expertise in all aspects of the insurance industry including commercial insurance, employee benefits, workers’ compensation, professional liability, risk management and bonding.

Tony Sansone, COO & VP of Finance
Tony Sansone has over 30 years of financial, operations and business development experience which includes serving as CFO in the health care, foodservice distribution, manufacturing and technology sectors, including public company experience. He has held senior finance positions in the banking, telecommunications, medical products, and food & drug retailer industries, closing over $430 million of private debt, equity and line of credit financings and over $350 million of a merger, acquisitions, real estate and state incentive transactions, including due diligence, negotiations, closing, and integration. Sansone coordinated and was the executive sponsor for four ERP implementations and multiple other best-in-class software & technology solutions. He received his MBA from the University of Utah and a Bachelor of Science in accounting from Utah State University. Sansone also currently serves as president-elect of the Utah Chapter of Financial Executives International and a past president and current member of the board of trustees for Catholic Community Services of Utah. He is the proud father of three children.

Christopher J. Panos, Vice President & Director
Christopher J. Panos is a highly competitive sales professional with over 15 years of territory manager sales experience and an award-winning record of achievements. He is exceptionally well organized with a proven work history that demonstrates self-discipline, superb communication skills, and the initiative to achieve both personal and corporate goals. Panos is successful in building relationships with a large network of industry professionals in order to grow and maintain new and existing business, exceed new sales objectives and provide in-depth product training to authorized dealers and sales personnel.

Alexander Walker III ESQ, Corporate Counsel & Director
Alexander Walker III ESQ has served as director of the company since September of 2018 and as counsel to the company since July of 2018. Walker is an attorney and has been a member of the Utah Bar Association since 1987 and a member of the Nevada State Bar since 2003. His practice has involved general business litigation, in both federal and state courts, and transactional work, including securities offerings and registration, corporate formation and periodic reporting compliance. Walker has provided legal services to emerging businesses throughout his carrier and at times has served as an officer and board member as well as legal counsel public companies. His duties as legal counsel for a public company engaged in the business of ownership and operation of coal-producing properties in the western United States included oversight of corporate-related legal matters including securities reporting, corporate compliance, federal and state mining regulation, and employment law oversight. He also has served as the chair of the Mining Committee of the Energy, Natural Resources and Environmental Law Section of the Utah State Bar, a member of the board of directors of the South East Utah Energy Producers Association, the co-chair of the board of the Western Energy Training Center, a board member of the Utah Supreme Court Committee to Review the ABA Recommendations Regarding the Office of Professional Conduct, and a board member of the University of Utah Crimson Club.

Jennifer Epperson, Vice President of Sales
Jennifer Epperson has over 20 years of B2B sales experience with exceptional success history. She has grown and developed sales territories across multiple industries. Her ability to find and develop strategic relationships has given her top-level performance throughout her career. Epperson’s passion and knowledge provide an inherent ability to connect and retain relationships for the growth of the company. Throughout her professional career, she has achieved peak performance sales results and awards year after year. She captures the vision of the company and drives it forward with enthusiasm and expertise. Her commitment to providing an exceptional customer experience has been the key to her success.

Richard Matthews, Interim Financial Controller
Richard Matthews joined the InsuraGuest team in March 2019 as the interim financial controller. Leading the Finance and Audit team, Matthews is responsible for the delivery of financial services such as accounting, treasury, reporting, budgeting and insurance management, in accordance with legislative requirements and organizational policies and strategies. He has over 30 years of experience in providing professional services across a broad range of finance areas including compliance, business process, audit, and financial reporting. He holds a degree in accounting from the University of Utah and is a licensed CPA in the state of Utah.

Roger Bloss, Corporate Consultant & Board Advisor
Roger Bloss joined InsuraGuest in August of 2019 to advise the company and its board on hotel transactions, contributing his knowledge from more than 40 years in the hospitality industry. Bloss previously served in executive positions with several major hotel franchise companies and in 1996 founded Vantage Hospitality Group hotel brands. Under his leadership, Vantage became a Top 10 global hotel company and made the Inc. 500/5000 list of Americas’ fastest-growing private companies for eight straight years. Bloss was named Lodging Magazine’s “Innovator of the Year” in 2006 and 2010, and in 2009 earned a spot on HSMAI’s “Top 25 Extraordinary Minds in Sales and Marketing.” Bloss joined Red Lion Hotels Corporation (RLHC) in September 2016 in conjunction with the acquisition of Vantage.

Jim Kilduff, Board Advisor
James “Jim” C. Kilduff has nearly 40 years of experience in the insurance and risk management sectors. He is a dynamic and energetic team leader and builder with extensive experience in the changes affecting the insurance business through Gas, alternative distribution, insurtechs and program business. His skillset includes experience as chief insurance officer with Outdoorsy Insurance Group, CEO with Harbor Hill Solutions Inc., and senior vice president and chief marketing officer with State National Insurance Companies. His career has spanned MGA creation and management, insurance company management, business development and underwriting, primary insurance and reinsurance.

Don Archibald, Board Advisor
Don Archibald brings to InsuraGuest’s advisory board 54 years of experience as an insurance agent. Archibald is the founder and former owner of Archibald Clarke and Defieux (ACD Insurance), as well as the co-founder and former equity partner of Sussex Insurance, and an agent with Sussex since 2014.

InsuraGuest Technologies, Inc. (TSX.V: ISGI), closed Wednesday's trading session at $0.16, even for the day, on 2,000 volume. The average volume for the last 3 months is 14,992 and the stock's 52-week low/high is $0.045/$0.34.

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Kingman Minerals Ltd. (TSXV: KGS)

The QualityStocks Daily Newsletter would like to spotlight Kingman Minerals Ltd. (TSXV: KGS).

Kingman Minerals (TSX.V: KGS), a Canadian-based mining company engaged in the acquisition, exploration and development of gold and silver properties in North America, announced that it had recently entered into an option agreement to acquire 100% interest in 52 lode claims covering an area of 1,071.2 acres, located in the Mohave County, Arizona. This agreement represents a significant expansion of company’s gold and silver assets in the historic mining location.

Kingman Minerals Ltd. (TSXV: KGS), formerly Astorius Resources Ltd., is engaged in the acquisition, exploration and development of gold and silver properties in North America. The Canada-based company is focused on sourcing and developing high-quality properties in favorable mining locations to advance its diverse portfolio of low-cost, lifelong assets.

Kingman Mine

The Company maintains the following projects:

The Mohave Project: Located in the Music Mountains in Mohave County, Arizona. Approximately 35 miles from the town of Kingman, the property consists of 20 lode claims, including the historic Rosebud Mine. The Company has entered into an option agreement to earn 100% over four years. According to historic mappings of the mine, probable ore is 15,560 tons. Possible (inferred) ore is comprised of 176,000 tons, and additional possible (inferred) ore totals slightly over 1,100,000 tons. The total contained gold ounces for all categories is estimated at 664,000 ounces, and contained silver is estimated at 2,600,000 ounces. The Company has recently completed two underground reconnaissance and sampling programs and is in the process of verifying previous resource estimates.

 

The Cadillac East Property: Located approximately 55 kilometers east of Val d’Or, a hub for exploration and mining activities in the Canadian province of Quebec. The Company acquired a 100% interest in the property from an arm’s length vendor. Cadillac East Property consists of 12 claims, and the Company has an option agreement to earn 100% over three years. Having been the subject of numerous geophysical and geological surveys, the Cadillac East Property has been explored and surveyed by numerous companies as well as by the Quebec government. Exploration work done in 2017 by Exploration Facilitation Unlimited Inc. revealed multiple potential targets for future investigation, as results from the soil program identified value in gold, silver, copper, zinc and nickel.

Kingman Minerals is focused on enhancing shareholder value as it continues exploring potential assets and acquiring strategic gold targets. The company recently commissioned mining consulting services company Burgex Mining Consultants Inc. to complete two underground gold exploration programs in the historic Rosebud Mine. Burgex specializes in mineral exploration, mining claim staking, landman services, mining consulting, and the access and documentation of abandoned mine sites throughout the western United States and the world. Burgex’s founders have been active in the industry since 2007 and have identified, secured and consulted on hundreds of thousands of acres of mineral properties spanning a wide range of mineral commodities with billions of dollars’ worth of resources and reserves. The Burgex team has been featured in Forbes Magazine as well as on the Discovery Channel and other outlets. Burgex is at the vanguard of industry advancements in safely accessing difficult vertical abandoned mine workings and continues to pioneer new mineral exploration methods with strategic partners throughout the United States and the world.

Gold’s Predicted Rise

The value of gold is currently on an upward climb due to COVID-19’s upending of the global economy, causing governments to expand their balance sheets. In 2019, as a result of the housing and financial crisis, gold saw its best performance since 2010increasing as much as 20% and hitting a top price of $1,549 per ounce in September of that year. Analysts predict its price will continue to climb due to strong buying by central banks, a weakening of the U.S. dollar, and increasing political tensions. A recent Wolfe Research report predicted gold would hit an all-time high, referencing an ounce of gold that commanded a $1,515 asking price. As the value of the U.S. dollar weakens, the demand for gold is inversely rising. Known as a safe-haven asset, gold tends to see increased levels of demand during times of consumer fear or recession.

Management

Sandy MacDougall – Chairman and Director
An economics graduate from the University of British Columbia, Sandy MacDougall brings 30+ years of experience in the investment banking and finance industry to KGS. He was instrumental in the acquisition, development and production of gold at the Alto el Toro mine near Ibaguel, Columbia. As a former investment advisor at Canaccord Capital Corp., MacDougall was a key player in multiple significant financings in Canada as well as abroad, working with a wide range of companies. His experience has afforded him critical exposure to precious and base metal projects throughout North and South America, and he has served as chairman of the board since 2016.

Arthur Brown – President and Director
With 36 years of business experience and service to the boards of eight other companies in sectors ranging from technology to oil, gas and mineral exploration, Arthur Brown adds substantial knowledge in corporate structure and development as well as financings and venture capital to the KGS team.

Cyrus Driver – Independent Director
Cyrus Driver was a founding partner in the firm of Driver Anderson from its inception in 1982 and is a chartered accountant as well as a retired partner in the firm of Davidson and Company LLP. Aside from providing general public accounting services to a diverse range of clients, his specialty is servicing TSX Venture-listed companies and members of the brokerage community. With expert knowledge of the securities industry and its regulations, Driver lends valuable advice to his clients regarding finance, taxation and other accounting-related matters. He currently serves as director and chief financial officer of several TSX-V-listed companies.

Dr. Peter Born – Director and Technical Specialist
A professional geologist registered with the Association of Professional Geoscientists of Ontario and a fellow of the Geological Association of Canada, Dr. Peter Born brings 30+ years of experience in exploration and mining to the company. With prior roles as a senior geologist with Western Mining Corporation, he is currently working with RPS Energy Canada Ltd. on natural gas plays related to high-temperature dolomites and sedimentary zinc deposits (MVT) within the Appalachian Basin in the United States. Dr. Born holds a Ph.D. in earth sciences and has expertise in Precambrian sedimentary geology, basin analysis, sedimentology, stratigraphy and sedimentary ore deposits.

Kingman Minerals Ltd. (TSXV: KGS), closed Wednesday's trading session at $0.09, even for the day, on 133,764 volume. The average volume for the last 3 months is 59,020 and the stock's 52-week low/high is $0.09/$0.22.

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SinglePoint, Inc. (SING)

The QualityStocks Daily Newsletter would like to spotlight SinglePoint, Inc. (SING).

SinglePoint (OTCQB: SING) recently announced plans to expand the launch of its 1606 Hemp cigarettes with a new six-pack countertop display (http://cnw.fm/9dOOJ). To view the full article, visit http://cnw.fm/mpNi6. Also today, the company was featured in the 420 with CNW by CannabisNewsWire. As more states legalize marijuana and its use becomes more prevalent, there have been numerous studies about its potential risks and benefits. In particular, there have been a number of conflicting results regarding marijuana use and increased stroke risk, with some studies stating that it reduces the risk while others argue that it exponentially increases the risk. According to a recent study by a team of neurologists at the University of Mississippi Medical Center, there is no link between increased stroke risk and marijuana use.

SinglePoint, Inc. (SING) is a diversified holding company with operations in multiple industries and verticals including two high-performing market sectors: legal cannabis and cryptocurrencies. SinglePoint has grown from a full-service mobile technology provider to a recognizable brand with a diverse portfolio of undervalued subsidiaries with multiple revenue streams.

SinglePoint is researching opportunities where it can be an active participant by influencing the strategy and direction of high-potential companies whose verified assets offer attractive possibilities for shareholders. The company is guided by a visionary leadership team with extensive experience in technology, engineering, marketing and raising capital.

SinglePoint is bullish on the cannabis industry, bitcoin and blockchain technologies, which is evident in its recent acquisitions and joint-venture announcements. Recent SinglePoint key highlights include:

  • A joint venture with Smart Cannabis Corporation (OTC: SCNA) to license and market Smart Cannabis’ SMART APP. SMART APP enables cannabis growers to measure all aspects of cultivation, from soil nutrient levels to watering cycles and carbon dioxide content in the air. SMART APP will integrate SinglePoint’s bitcoin payment solution to enable growers to process safer and more secure transactions.
  • A joint venture with Global Payout (OTC: GOHE) will build on existing financial technology solutions developed by SinglePoint and Global Payout’s subsidiary MoneyTrac Technology, Inc., to fully optimize the delivery of mobile payment applications for domestic and international organizations.
  • A joint venture with AppSwarm (OTC: SWRM) to start development on a proprietary delivery application that will enable licensed cannabis delivery services and licensed dispensaries to safely make in-home cannabis deliveries.
  • Signed original “Shark Tank” member Kevin Harrington as company spokesman for an innovative, compatible virtual wallet to store any type of cryptocurrency. Harrington recently finished shooting a new national ad campaign featuring SinglePoint and the virtual wallet’s secure method of storing cryptocurrencies.
  • Entered into a letter of intent to acquire 100 percent of Bitcoin Beyond, a premier platform that enables merchants to accept bitcoin payments using existing web-enabled point-of-sale devices.
  • Through SING subsidiary, SingleSeed, the company will soon offer a proprietary cryptocurrency solution that links both cannabis merchants and consumers who seek to take advantage of bitcoin-powered transactions using debit and credit cards. In addition to making bitcoin-backed card purchases possible, the solution enables cannabis dispensaries to digitally track and manage their product inventories, performing tasks like uploading product data, photos and descriptions. The system deducts items automatically from a dispensary’s product listings when a purchase is made. While this fully KYC-AML compliant point-of-sale platform can be utilized for any other retail setting, it will fill a critical need in the underbanked cannabis industry as it continues to seek non-cash payment solutions outside of traditional banking circles.

SinglePoint CEO and founder Greg Lambrecht leads the company in its mission to capture opportunities through an aggressive expansion strategy across a broad range of assets. Lambrecht oversees all company operations including investor relations, leadership of the board of directors, and daily business activities. As the founder of PCI, a leading consumer product distribution company, Lambrecht negotiated agreements with the nation’s largest retail outlets and led PCI through a NASDAQ listed IPO, raising $10 million.

Eric Lofdahl, SinglePoint’s chief technology officer, has more than 20 years of experience in the technology sector including positions in software development, program management, complex system integration and engineering process definition. Prior to SinglePoint, Lofdahl worked at the Boeing Company where he led a team that successfully developed advanced wireless and satellite data products based on commercial technology for the U.S. Air Force.

SinglePoint President Wil Ralston is well known for his successful track record of building and maintaining great relationships with clients. Ralston graduated cum laude from the WP Carey School of Business at Arizona State University with a degree in Global Agribusiness and a specialization in Professional Golf Management. He is currently recognized by the Professional Golfers Association of America (PGA) as a Class A Professional.

SinglePoint, Inc. (SING), closed Wednesday's trading session at $0.0051, even for the day, on 2,218,568 volume. The average volume for the last 3 months is 5,666,089 and the stock's 52-week low/high is $0.004/$0.021999999.

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Sigma Labs Inc. (NASDAQ: SGLB)

The QualityStocks Daily Newsletter would like to spotlight Sigma Labs Inc. (SGLB).

Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the additive manufacturing industry, will be presenting at the Virtual Investor Summit today, June 10, at 11:30 AM ET. The company’s president and CEO Mark Ruport will also be hosting virtual one-on-one investor meetings throughout the event, slated to take place June 9-12, 2020. Conference participation is by invitation only and registration is mandatory. To view the full press release, visit http://nnw.fm/jZj1a.

Sigma Labs Inc. (SGLB) is the only provider of in-process quality-assurance software to the commercial 3D printing metal industry that enables operators of machines making 3D metal parts to offset emerging quality problems, sustain part quality, and avoid rejects. Sigma’s software is the singular solution that enables both real-time, in-process detection of quality control manufacturing irregularities for critical metal parts and then provides the operator the actionable information needed to adjust and mitigate the developing anomaly. Sigma Labs’ software represents a paradigm shift in the quality control process for the manufacture of 3D printed metal components. The nascent 3D metal printing industry is on the verge of radically altering the speed and technical complexity of manufactured parts. Further, it makes possible just-in-time availability of critical components – all at reduced cost, time, waste and weight. 3D printing, heralded as the fourth industrial revolution in manufacturing, will only truly surpass traditional techniques when the additive manufacturing industry moves from “post process” quality control to “in process” quality assurance.

For the industry to move from prototype manufacturing of critical components to economically viable commercial production, the 3D metal printing industry must find ways to dramatically increase production speed and quality yields, and to dramatically decrease the excessive cost of quality control. To achieve these prerequisites and move 3D metal printing into the mainstream, parts must be inspected and certified during the manufacturing process rather than after. Parts in the production process that are developing signs of quality control problems must be identified in real-time and alerts must be issued. The problem, along with the solution, must then be communicated to the machine operator to implement repairs.

Revolutionizing Additive Manufacturing

Sigma Labs, with its PrintRite3D® brand, has established a new benchmark in the development and commercialization of real-time computer aided inspection (“CAI”) solutions. Sigma Labs resolves the major roadblocks and costly quality control challenges that impede the 3D manufacture of precision metal parts. The company’s breakthrough computer-aided software product revolutionizes commercial additive manufacturing, enabling non-destructive quality assurance during production, uniquely allowing errors to be corrected in real-time.

Sigma Labs was founded in 2010 by a team of Los Alamos National Labs scientists and engineers to develop and commercially license advanced metallurgical products for the military ordinance, dental implants, and then for additive manufacturing (3D printing). After assessing 3D metal printing technology and the costly, inconsistent quality control issues, Sigma Labs concluded that the enormous potential of 3D metal printing could only scale up if in-process quality-assurance tools were developed to observe, manage and control the manufacturing complexities in such a manner that reliability and repeatability of very high precision quality metal parts could be achieved in the process. Sigma Labs’ patented and third-party validated software has achieved these objectives and now delivers the critical elements needed to unleash the promise of 3D metal printing.

Sigma Labs’ products and services are engineered, manufactured and qualified for use in the highly demanding and hyper precise production environments of the aerospace, defense, transportation, oil and gas, biomedical and other precision-dependent industries.

The Challenge

Additive metal manufacturing combines multiple processes and parts into one single 3D printed part. Due to variances in the additive manufacturing process, parts of consistent quality currently can’t be reliably produced in either large or small quantities without substantial postproduction inspection and rejection costs. Parts are inspected after production using CT scans and other means, so the manufacturer doesn’t know until the very end which of the finished parts meet design specifications. This means lost time, lost profits and inability to economically scale up production.

Innovative Approach

Sigma Labs solves this problem with its patented, in-process quality control technology that informs operators and engineers how to improve both the manufacturing process and quality by capturing meaningful data about inconsistencies in real-time. Sigma Labs is also partnering with OEMs, working toward the visionary introduction of revolutionary closed-loop control that will bypass the machine operator and automatically make in process corrections by reducing machine variations.

Sigma Labs’ next generation technology gives manufacturers the ability to make fast, virtual real-time adjustments so that each finished part is uniform and within critical specifications, thereby improving production quality, decreasing end-users’ risks and waste, and increasing profits and speed to market. Sigma Labs’ PrintRite3D® IPQA Software monitors and assesses the quality of each production part in the 3D additive manufacturing process – layer by layer, and in real-time. This has never been available until now.

Sigma Labs maintains a strong intellectual property portfolio consisting of trade secrets, process know-how and 34 patents either granted, pending or awaiting pre-publication around the globe. These patents encompass the fundamental technologies underlying Sigma Labs’ melt pool process control, data analytics, anomaly detection, signature identification, and future “closed-loop control” of 3D metal printing.

Market Opportunity

Providing advanced quality assurance software to the commercial 3D printing industry is currently a $1.4 billion addressable market expected to grow to $3.9 billion by 2023. Integrating Sigma Labs’ groundbreaking software helps arm the industry with a necessary catalyst to help enable and optimize the fourth industrial revolution in manufacturing.

Sigma Labs’ global client base includes 23 installations across 19 different users. Tier-1 OEM enterprises and end-users such as Siemens, Honeywell, Pratt & Whitney and others are currently evaluating PrintRite3D® for production lines.

Management Team

John Rice, CEO and chairman of the board of directors, has extensive experience as a CEO, lead negotiator, turnaround expert, business financier and crisis management executive/consultant. Prior to becoming chair and CEO of Sigma Labs, he was the CEO of a successful turn-around of a Coca-Cola Bottling Company. Rice has led a variety of companies in diverse business sectors and worked on a host of products and technologies including design and manufacture of high-end jet engine test equipment for the U.S. Airforce, chaff dispensers for F16s, software for modeling naval exercises, software for controlling warehouse distribution systems, medical radioisotopes, cancer detection, and cybersecurity. He is an honor’s graduate of Harvard College.

Darren Beckett, CTO, has over 20 years of experience in the semiconductor industry, including Intel Corporation, where he held various technical and managerial positions. His expertise in process engineering for advanced manufacturing technology includes statistical process control for fabrication of semiconductor devices.

CFO Frank D. Orzechowski also serves as treasurer, principal accounting officer, principal financial officer and corporate secretary. He has more than 30 years of distinguished financial and operational experience. Orzechowski began his career at Coopers & Lybrand in 1982, received his CPA certification in 1984, and received his Bachelor of Science in Business Administration with a major in accounting from Georgetown University in 1982.

Ronald Fisher, vice president of business development, is leading the commercialization of PrintRite3D® 5.0. Fisher is a mechanical engineer with hands-on experience in quality, manufacturing and product development. He has distinguished himself as a lead sales and marketing officer as well as a chief operating officer most recently before joining Sigma in technology startup that grew from market entry to successful exit by merger-acquisition.

Sigma Labs Inc. (SGLB), closed Wednesday's trading session at $2.89, off by 3.6667%, on 224,295 volume. The average volume for the last 3 months is 553,710 and the stock's 52-week low/high is $1.97000002/$17.00.

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Champignon Brands Inc. (FWB: 496) (CSE: SHRM) (OTC: SHRMF)

The QualityStocks Daily Newsletter would like to spotlight Champignon Brands Inc. (CSE: SHRM).

Champignon Brands Inc. (FWB: 496) (CSE: SHRM) (OTC: SHRMF) was highlighted in a publication from FinancialNewsMedia.com, examining how researchers have been looking at more and more uses for medical marijuana in recent years. Marijuana can affect the body in many ways beyond just getting the user high. The high feeling people may experience after smoking or ingesting marijuana is due to tetrahydrocannabinol (THC), the chemical compound that gives marijuana its psychoactive effects. The effects of THC do not come without risks, and long-term or frequent use has been associated several potential side effects. The scientific community has recently started examining the effect of cannabis on anxiety, and the verdict is that short-term benefits do exist. 

Champignon Brands Inc. (FWB: 496) (CSE: SHRM) (OTC: SHRMF) is a research-driven company specializing in the formulation and distribution of a suite of artisanal mushroom health supplements. Dedicated to revolutionizing conventional organic teas, coffees and other consumables with the infusion of a proprietary blend of artisanal mushrooms, Champignon’s expanding portfolio is crafted with the health-conscious consumer in mind.

Headquartered in Vancouver, British Columbia, Champignon’s team aims to promote the health and wellness benefits of functional mushrooms, which are used in a wide variety of health care and pharmaceutical products.

Brands

Champignon’s mushroom-derived consumer packaged goods (CPGs) portfolio includes its flagship brand, Vitality Superteas. Each carefully curated Vitality Supertea formulation was developed with the intent of helping individuals enhance and enrich their wellbeing one cup of mushroom-infused tea at a time.

Also in the portfolio are Nourish Force Supertea, a blend of Reishi Ryobus Tea Mix; Mighty Recharge Supertea, created with Lions Mane Tropical Green Ginseng Tea Mix; and Brain Enhance Supertea, a blend of Cordycep Hibiscus and Berries Tea Mix – all of which are formulated with organic ingredients and chosen for their ability to provide unique health and performance benefits.

Champignon’s flagship e-commerce store, VitalitySuperTeas.com, takes advantage of the burgeoning craft mushroom vertical space with a selection of mushroom-infused teas and accessories.

Functional Mushroom Market

Demand for consumer products infused with the nutritional and bioactive benefits of mushrooms is fueling a global market projected to reach $34.3 billion by 2024, growing at a compound annual growth rate of 8.04% from 2019-2024 (ResearchandMarkets), with Europe seen as the fastest growth leader.

According to the market study, in highest demand are products infused with Reishi – a traditional Chinese medicine also known as the “Elixer of Life” and “Mushroom of Immortality – Lions Mane and Cordyceps, followed by other types of medicinal mushrooms.

Advances in Legalization

Legalization of psychedelics for use in medicine is gaining momentum across the United States. Denver, Colorado, and Oakland and Santa Cruz, California, have decriminalized the use of psilocybin, the psychedelic molecule found in various mushrooms, while movements for legalization are gaining ground in Oregon and Iowa, among others. Decriminalize California recently teamed up with the Beckley Foundation to replicate Oakland’s success of decriminalization throughout the state of California.

An increasing number of researchers are turning their attention toward the study of psilocybin as a means to treat otherwise untreatable illnesses. The molecule’s ability to provide landmark treatment options for depression, post-traumatic stress disorder (PTSD), migraines and addiction is gaining widespread acceptance among medical professionals, unicorn investors and accredited institutions.

Potential Applications

Historical data and new scientific studies suggest therapeutic benefits of psychedelics in many areas, including drug addiction, alcoholism, depression, migraines, smoking cessation and post-traumatic stress disorder (PTSD).

The market potential in these areas are significant. To reference just one of the above conditions, the mental health arena has been frequently neglected over the last 30 years, though new research is beginning to further reinforce that psychedelic compounds have the potential to produce more effective treatments than what is currently available.

According to the World Health Organization, 25% of the world’s populous will be afflicted by mental health and/or neurological disorders. Presently, approximately 450 million people currently suffer from such conditions, placing mental disorders among the leading causes of ill-health, productive loss and disability worldwide.

Additionally, PTSD affects approximately 2.2% of the U.S. population; 7.7 million people will have PTSD at some point in their lives. Recent published studies have demonstrated the safety and efficacy of certain psychedelics when administered in a medically supervised and monitored approach.
A renaissance in alternative medicines is emerging, and Champignon has set in motion its strategy to become a key player.

2020 Stealth IP Strategy

Champignon plans to biosynthesize psilocybin within the first three months of conducting laboratory experiments, with the objective of achieving optimized and scaled production of pharmaceutical-grade psilocybin for deployment in clinical settings. This strategy includes:

  • Alternative medicine (psilocybin) IP aggregation
  • Development of cGMP formulations of bioactive compounds extracted from plants and Fungi
  • Drafting of benchmark SOPs (Standard Operating Procedures)
  • Patient aggregation, focusing on veterans

Defining a New Asset Class: Psychedelic-Inspired Medicines

In the third quarter of 2020, Champignon – through clinical trials, a compelling IP portfolio and clinical pipeline and drug development platform – plans to advance its pursuit of treatments underpinned by psychedelic substances. This strategy is broken down into two ties:

  • Non-Hallucinogenic Medicines
    • Microdosing Psilocybin/LSD
    • MDMA, commonly known as ecstasy
  • Hallucinogenic Medicines
    • Psilocybin high dose
    • LSD high dose

Partnerships

Companies worldwide are beginning to incorporate functional mushrooms into their product offerings, taking advantage of growing consumer awareness of known health benefits of the ingredients found in mushrooms.

Champignon in November 2019 entered into a distribution partnership with Eurolife Brands Inc. (CSE: EURO), a leading global markets cannabis brand empowering the medical, recreational and CPG cannabis industry worldwide through a data-driven CBD marketplace supported by exclusive and unbiased physician-backed cannabis education and detailed consumer analytics. Under the agreement, Champignon’s branded products are integrated into Eurolife’s e-commerce platform, along with potential distribution opportunities in select brick-and-mortar retail locations in Europe.

Champignon also has an R&D/production formulation agreement with Drip Coffee Social Ltd., located in Nanaimo, British Columbia, which calls for the infusion of Champignon’s proprietary mushroom extract blend into a suite of cold brew coffee products and signature in-house formulations.

Leadership

Gareth Birdsall, CEO, Corporate Secretary and Director
Gareth Birdsall has more than seven years of experience working in diverse agricultural roles such as the cultivation of various fungi, in particular Cordycepes, Reishi, Lions Mane and Chaga. He is an attendee of the British Columbia Institute of Technology, studying marketing management and finance.

Steven Brohman, CPA, CFO
Steven Brohman has more than 10 years of experience working in a variety of roles with public and private companies. He has had extensive training in the audit of publicly traded companies on the TXS, TSX Venture Exchange and OTC markets, and serves as CFO and director of various public and private companies. Brohman has a bachelor’s degree of business administration and obtained his Chartered Professional Accountant designation.

Jerry Habuda, Director
Jerry Habuda brings to Champignon over 35 years of expertise in law enforcement and specialized units. From 1977 to 2012, he served as a police officer with the Toronto Police Department. During his tenure, he was assigned to the Major Crimes Unit, investigating robberies and home invasions. He was assigned to patrol the Toronto Community Housing projects at Jane/Finch to control drug trafficking and gun violence. Habuda was with the Warrant Unit where he tracked down and arrested wanted criminals. From 1993-1997, he was assigned to the Northwest Drug Squad on undercover and surveillance work, executing narcotic search warrants. Between 2002 and 2004, Habuda headed the Street Violence Task Force, a special unit designed to curb gun and drug violence that was terrorizing the city at the time.

Champignon Brands Inc. (CSE: SHRMF), closed Wednesday's trading session at $0.82, off by 5.6929%, on 669,271 volume. The average volume for the last 3 months is 620,306 and the stock's 52-week low/high is $0.221/$1.74.

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Plus Products Inc. (CSE: PLUS) (OTC: PLPRF)

The QualityStocks Daily Newsletter would like to spotlight Plus Products Inc. (CSE: PLUS) (OTC: PLPRF).

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) was featured today in the 420 with CNW by CannabisNewsWire. The cannabis sector is without a doubt one of the top industries to keep an eye on. Still fairly young, the industry has proven that it can be quite profitable despite the myriad of challenges it still faces. However, despite having very encouraging projections, the industry will soon be filled with sellers who want a piece of the loot, and smart entrepreneurs will have to find new ways to stay on top.

Plus Products Inc. (CSE: PLUS) (OTC: PLPRF) is a branded cannabis-infused products manufacturer of edibles created to support a healthy and active lifestyle. Headquartered in San Mateo, California, PLUS™ concentrates on producing edibles using extracts to ensure compliant, dosable and delicious products that provide a consistent cannabis experience.

First introduced to the market in 2015 to rave reviews, PLUS™ is now one of the top best-selling edible brands in California. PLUS™ operates through a wholly owned subsidiary, Carberry, and has four cannabis-infused gummy candy SKUs (in addition to limited edition SKUs), that are currently sold in over 200 licensed dispensaries and delivery services. All products under the PLUS™ brand are produced in the company’s 12,000-square-foot food-safe cannabis manufacturing facility in Adelanto, California.

PLUS Products shares are currently listed on the Canadian Securities Exchange. PLUS™ raised CAD$20 million through the offering, for which the lead underwriters were PI Financial and Canaccord Genuity. The company intends to use a portion of the IPO proceeds to fund rapid product capacity expansion, factory automation, working capital and new product development.

Operating in the largest adult-use recreational market in the U.S., PLUS Products holds a temporary manufacturing license in California and was one of the first brands to bring fully compliant products to the legal market. California legalized adult use recreational sales on Jan. 1, 2018, and industry analysts expect edible sales there will continue to amass enviable revenues. According to BDS Analytics, edibles made up 18 percent of marijuana retail sales in February 2018 across licensed retailers in California, with PLUS™ products ranking in the Top 10 of edible brands by retail dollar sales.

During the first half of 2018, PLUS Products generated US$2.45 million in sales, a marked improvement over 2017’s US$1.07 million in sales. The company’s established cannabis products are not only compliant with state laws, they are proving to be extremely popular with consumers. Among the PLUS™ product brands are:

  • Blackberry & Lemon RESTORE, an infusion of carefully dosed cannabis with a 9:1 THC to CBD per gummy.
  • Sour Watermelon UPLIFT, a low-calorie gummy crafted from carefully dosed cannabis with an infusion of 5mg THC per gummy.
  • Pineapple & Coconut CBD RELIEF, a tropical flavor gummy made from pure cannabis-derived CBD that is low-calorie, gluten-free and made with kosher ingredients.
  • Sour Blueberry CREATE, a low-calorie gummy infused with hybrid flower containing 5 mg THC.
  • Limited Edition Rose & Vanilla, available at select locations during Winter 2018, these gummies are crafted with 60 mg THC/30 mg CBD per tin.
  • Limited Edition RAINBOW SORBET gummies was created to celebrate Pride during Spring 2018 with a portion of each purchase donated to The Trevor Project, a confidential suicide hotline for LGBT youth.

“We are extremely proud of the products PLUS has brought to market,” remarked Jake Heimark, CEO and cofounder in a statement. “We’ve quickly grown into one of the leading edible brands in California. With the proceeds of this round, we will continue to further our mission: to make cannabis safe and approachable for all types of consumers.”

The PLUS™ team believes that everyone deserves access to consistent, dosable and delicious cannabis products and strives to make that happen. Producing the best infused products at scale requires thoughtful collaboration among experts in many fields. At PLUS™, our team is comprised of Chefs, Chemists, Food Manufacturing Experts, Engineers, Machinists, Visionaries, Creatives, Strategists and others.

Plus Products Inc. (PLPRF), closed Wednesday's trading session at $0.50, off by 14.0893%, on 73,071 volume. The average volume for the last 3 months is 36,431 and the stock's 52-week low/high is $0.279000014/$4.03999996.

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Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTC: STLHF)

The QualityStocks Daily Newsletter would like to spotlight Standard Lithium Ltd. (OTC: STLHF).

Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF), an innovative technology and lithium development company, on Monday announced its completion of the construction of its industrial-scale lithium carbonate crystallisation pilot plant and commencement of the commissioning phase. According to the update, the plant is designed to take the intermediate product made by the Company’s LiSTR direct lithium extraction process (a high purity, concentrated lithium chloride solution) and convert it into a battery-quality (or better) lithium chemical as used by manufacturers in the lithium ion battery supply chain. To view the full press release, visit http://nnw.fm/c3GXV

Standard Lithium Ltd. (OTC: STLHF) is focused on unlocking the value of existing large-scale U.S.-based lithium brine resources that can quickly be brought into production. The Company believes new lithium production can rapidly be brought on stream by minimizing project risks at selection stage; resource, political & geographic, and regulatory & permitting; and by leveraging advances in lithium extraction technologies and processes.

The Company’s flagship project is in southern Arkansas. The more than 180,000-acre “Smackover Project” is in the most prolific and productive brine processing region in North America. Agreements with large commercial brine operators in the region will allow Standard Lithium to utilize the extensive existing infrastructure, including brine supply and disposal pipelines, water, power and a trained workforce to fast-track project development timelines.

“Arkansas produces about 9.4 billion gallons of brine per year, according to 2010-2016 average statistics reported by the Arkansas Oil & Gas Commission.”

Standard Lithium signed a binding MoU with global specialty chemicals company LANXESS Corporation and its U.S. affiliate Great Lakes Chemical Corporation with the purpose of demonstrating the commercial viability of extraction of lithium from brine (“tail brine”) that is produced as part of LANXESS’ bromine extraction business at its three Southern Arkansas facilities.

LANXESS’ land operations in Southern Arkansas encompass more than 150,000 acres, 10,000 brine leases and surface agreements and 250 miles of pipelines. LANXESS extracts the brine from its wells located throughout the area, and the brine is transported to the three Arkansas plants through a network of pipelines. The three bromine extraction plants currently employ approximately 500 people and process and reinject several hundred thousand barrels of brine per day.

Standard Lithium has developed a breakthrough rapid lithium extraction process that reduces the recovery time of extracting lithium from brine to as little as several hours vs. the current industry method that takes years. The process is also much more environmentally friendly with a significantly smaller footprint than the conventional processes. The company has a signed agreement to locate a demonstration scale lithium extraction plant inside one of LANXESS’ chemical plants in Southern Arkansas.

The Company has also signed an option agreement with NYSE-listed Tetra Technologies for the lithium rights for exploration, extraction, and possible commercial development on approximately 30,000 acres of brine leases in Southern Arkansas. The largest available land package.

Recent laboratory results of four brine samples recovered from two existing wells in Standard Lithium’s project area showed lithium concentrations ranging between 347-461 mg/L lithium, with an average of 450 mg/L lithium in one of the wells and 350 mg/L in the other. Geological modeling of the project area is complete, and a maiden resource report is on the horizon.

Market Opportunity

World demand for lithium continues to surge. The global lithium compounds market is projected to reach U.S. $5.87 billion by 2020 at a compound annual growth rate of 13.22% between 2015 and 2020. Lithium-ion batteries are the fastest growing segment of the market.

Leadership

Standard Lithium’s commitment to being a premier, innovation-driven company focused on developing and commercializing new modern processes for lithium extraction is bolstered by the leading experts that comprise the company’s Scientific Advisory Council. Each member was selected because of their experience and expertise in areas that are central to and/or complement Standard Lithium’s current development plans. Standard Lithium recently welcomed to the Council world-renowned chemist Dr. Barry Sharpless, the recipient of the 2001 Nobel Prize in Chemistry for his work on chirally catalyzed oxidation reactions.

Standard Lithium is led by a team of professionals with proven strong technical and project development skills. CEO Robert Mintak has a global network of industry contacts and is a pioneer in the rapidly evolving lithium space. COO and President Dr. Andy Robinson is an experienced geoscientist with 20+ years of experience and a PhD in Geochemistry from the University of Bristol, UK. Dr. Robinson has worked on a wide range of projects in the resource, power and energy sectors in Europe, Africa, and North and South America.

The company recently appointed Robert Cross as non-executive chairman. Cross is an engineer with 25 years of experience as a financier and company builder in the mining and oil and gas sectors. He co-founded and serves as chairman of B2Gold, a top-performing growing gold producer which is expected to achieve nearly 1 million ounces of low-cost gold production in 2018. He was also co-founder and chairman of Bankers Petroleum Ltd.; co-founder and chairman of Petrodorado Energy Ltd.; and until October 2007 was the non-executive chairman of Northern Orion Resources Inc. He also was previously the chairman and CEO of Yorkton Securities Inc., and a partner in investment banking with Gordon Capital Corp. in Toronto. Cross has an engineering degree from the University of Waterloo (1982) and received an MBA from Harvard in 1987.

Following a multi-million-dollar financing in Q1 2018, Standard Lithium is well-positioned to meet its upcoming milestones including two maiden resource reports and the launch of its breakthrough rapid lithium extraction technology.

Standard Lithium Ltd. (OTC: STLHF), closed Wednesday's trading session at $0.99, up 10.00%, on 63,826 volume. The average volume for the last 3 months is 73,164 and the stock's 52-week low/high is $0.29519999/$1.14999997.

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Cannabis Strategic Ventures, Inc. (OTCQB: NUGS)

The QualityStocks Daily Newsletter would like to spotlight Cannabis Strategic Ventures, Inc. (OTCQB: NUGS).

Cannabis Strategic Ventures, Inc. (NUGS) was highlighted in a publication from Wall Street PR, examining how pot stocks are seeing a resurgence now that the impacts of California’s botched implementation of legalization has finally flushed most of it’s way through the system. Remember a few years ago, when cannabis stocks were all the rage? It’s been a brutal bear for the pot stock crowd for the past couple years, but the signs and signals are piling up that the space is once again catching fire.

Cannabis Strategic Ventures, Inc. (OTCQB: NUGS), headquartered in Los Angeles, California, is focused on supporting entrepreneurial growth within the fast-growing legal cannabis sector. Through a selective portfolio of subsidiaries, Cannabis Strategic Ventures offers outsourced personnel solutions tailor-made to match the growth dynamics of cannabis cultivators, manufacturers, dispensaries and other cannabis marketplace participants. The company also pursues investment opportunities in the areas of real estate, cultivation, extraction, distribution, packaging, dispensary operations, and branded products within the cannabis space.

The legalization of adult-use sales in California is expected to create nearly 99,000 cannabis industry jobs in the state by 2021, representing about a third of all cannabis jobs nationwide, and 146,000 jobs overall when indirect and induced efforts are considered, according to Arcview Market Research. By 2021, direct cannabis industry employment will top 291,500 FTE jobs, with a total employment effect of nearly 414,000 FTEs across all legal cannabis states, according to the report.

Cannabis Strategic Ventures believes its staffing capabilities will be in a similar state of demand. The company in April 2018 completed a definitive agreement to acquire Worldwide Staffing Group, Inc., which booked approximately $1.5 million in revenues in 2017.

Worldwide will operate within Cannabis Strategic Ventures as an independent and separate wholly owned subsidiary providing strictly non-cannabis related employment and staffing services. As Worldwide continues to expand its operations in general clerical and administrative, marketing, accounting, and other verticals, Cannabis Strategic Ventures will leverage the subsidiary’s expertise to expand its business operations further into the cannabis staffing arena, with an emphasis on the California markets.

Cannabis Strategic Ventures’ BudHire™ subsidiary is an outsourced employment service specifically designed to meet the needs of growing cannabis-related business operations, utilizes a proven recruiting formula to match the most qualified candidates to a broad spectrum of cannabis-related jobs. Under the BudHire™ brand, Cannabis Strategic Ventures offers temporary, seasonal, permanent staffing solutions, as well as professional employment organization services and human resources consulting to the cannabis industry.

Cannabis Strategic Ventures portfolio also includes Pure Applied Sciences Inc. and its brand “PureOrganix™,” a line of high quality concentrate, organic and pure cannabis oils that conform with Current Good Manufacturing Practices (cGMP) and meet FDA guidelines for Active Pharmaceuticals Products (API). The acquisition includes all intellectual properties, including formulations and technologies, and related accessories of Pure Applied Sciences.

Cannabis Strategic Ventures Pure Applied Sciences subsidiary, has a cannabis concentrate extraction services agreement with CP Logistics LLC (“CPL”), a wholly owned U.S. subsidiary of Sunniva Inc. (CSE:SNN) (OTCQX:SNNVF). Under this agreement, CPL will perform white label services producing high quality, ultra-purified cannabis extracts out of its Sun-Oil Facility in Cathedral City, California, for Pure Applied Sciences under the Pure Organix brand name.

The management team at Cannabis Strategic Ventures believes there is incredible opportunity to carve-out and control specific industry niches, to create unique cannabis consumer branded products, and to expand into other sub-sectors of the cannabis marketplace.

Cannabis Strategic Ventures, Inc. (OTCQB: NUGS), closed Wednesday's trading session at $0.07775, up 0.322581%, on 1,086,520 volume. The average volume for the last 3 months is 1,362,151 and the stock's 52-week low/high is $0.025499999/$0.915000021.

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iClick Interactive Asia Group Ltd. (NASDAQ: ICLK)

The QualityStocks Daily Newsletter would like to spotlight iClick Interactive Asia Group Ltd. (NASDAQ: ICLK).

iClick Interactive Asia Group (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, today announced the release of iAudience 2.5, a significant upgrade of its proprietary market intelligence platform. Per the update, iAudience, since its 2017 release, has helped clients understand their competitive position and provided AI-driven intelligence to explore new business opportunities through data-based audience insights that dramatically improve digital marketing strategy. To view the full press release, visit http://nnw.fm/7LnT7

iClick Interactive Asia Group Ltd. (NASDAQ: ICLK) is an independent online marketing and enterprise data solutions provider connecting worldwide marketers with audiences in China. Built on cutting-edge technologies, iClick’s proprietary platform possesses omni-channel marketing capabilities and fulfills various marketing objectives in a data-driven and automated manner, helping international and domestic marketers reach their target audiences. Headquartered in Hong Kong, iClick operates in 10 locations worldwide, including Asia and Europe.

iClick aims to become a fully integrated Enterprise and Marketing Cloud Platform in China, providing clients a full consumer-cycle solution. This is facilitated by two pillars’ growth strategy through two business segments: Marketing Solutions and Enterprise Solutions.

Marketing Solutions

Using data and AI-driven technology to help brands efficiently identify, target and acquire the right customers

As the leading programmatic marketing platform in China, iClick’s proprietary platform collects a wealth of data from multiple sources to precisely reach the right audience at the right moment, on the right channel and right device. Cross-screen search solutions capture critical micro-moments when users proactively search for what they need. This multi-dimensional approach to marketing allows iClick to effectively understand internet users and exponentially widen target audiences for its brand clients. Multiple monetization models available in the Marketing Solutions segment allow iClick to serve its clients in several ways, such as audience targeting.

Data-driven marketing is indispensable to marketers targeting specific audiences in China. More than 825 million internet users in China are anonymously profiled on iClick’s platform, which boasts cross-channel and cross-screen capabilities.

Enterprise Solutions

Enabling brands to efficiently manage their consumers through online and offline data integration and analysis, increase the repurchase rate, and enhance consumers’ loyalty

iClick’s Enterprise Solutions segment addresses enterprise needs in China, particularly focusing on “smart retail,” an expanding and innovating market involving the combination of online and offline consumers’ behavioral information. Enterprise Solutions support detailed profiling of customers, which facilitates data-driven business strategies, enhances business processes at various levels, and increases operational and marketing efficiency.

Enterprise Solutions leverages iClick’s proprietary platform that incorporates Artificial Intelligence (AI) to learn, build and store knowledge, enabling accurate predictions about consumer behavior that ultimately provide marketing solutions derived from the large amount of available data.

Through a strategic partnership with Tencent, iClick’s Enterprise Solutions presents strong recurring revenue streams with tremendous opportunities to upsell multi-national corporations (MNCs). Tencent’s proprietary API connection enables brands to build 360-degree consumer profiles based on the collection and integration of purchased behavioral information from online and offline touchpoints, including WeChat Mini Programs, WeChat Payment, WeChat Work and more.

As iClick continues to provide integrated marketing and smart retail solutions targeting Chinese consumers, the company believes Enterprise Solutions has strong long-term growth potential and will become a major gross margin contributor in the future.

Partnerships

In 2019, iClick established various agreements and partnerships with a number of leading southeast and northeast Asian companies for regional diversification and in 2020 is focused on continuing to develop additional partnerships and new business models globally. Many of the world’s top companies are leveraging iClick’s proprietary data platform to precisely identify and reach out to core target audience groups in China.

The company’s partnerships include:

  • A tri-partnership with BTG WELINK, an online retail services arm of Beijing Tourism Group (“BTG”), and Tencent Holdings Ltd., China’s leading provider of internet value added services. As part of this partnership, iClick applies its upgraded solutions to build a private DSP (Demand Side Platform) system for BTG. Using Tencent’s big data advertising platform, iClick can assist BTG to develop precision marketing campaigns.
  • An Advertising Agency Authorization Certificate from Baidu Inc. (NASDAQ: BIDU), under which iClick is designated the authorized agency for native advertising of Baidu’s news feed ads. Native advertising is a consumer-friendly, non-disruptive advertising format that has gained rapid popularity among advertisers in recent years. Native advertising and creative marketing content have become a more effective marketing method among the Chinese young consumers. In 2019, the native advertising sector was estimated to have an around 53.5% share of the online advertising revenue, according to Statista.
  • A joint-venture partnership with VGI Global Media Plc (VGI.BKK), Thailand’s No. 1 online to offline (O2O) solutions provider across advertising, payment and logistics platforms, which enables brands in Southeast Asia to capture the multi-billion-dollar Chinese consumer market through a range of technology-driven marketing solutions.

Case Study: Armani Hotel Dubai

Dubai has been gearing up to welcome the growing wave of Chinese visitors. Chinese nationals are eligible for a 30-day visa-on-arrival into the UAE, which gives Chinese travelers tremendous convenience. In light of this, Armani Hotel Dubai set the objective to increase its sales in this market.

The challenge: What Aarmani Hotel Dubai lacked in executing this goal was insightful understanding of Chinese travelers in particular the demographics that were likely to be attracted to the hotel. Challenged by the huge differences in the business practice, unique culture and language barrier in running digital campaigns in China, Armani Hotel Dubai turned to iClick’s know-how and expertise to guide its campaign to success and meet its sales goal.

The solution: iClick tailored an optimal solution for the hotel to increase brand awareness and booking rate from China – which is the key market for the hotel – and successfully assisted Armani Hotel Dubai in reaching its target Chinese audiences by using China’s most popular mobile and internet sites, including WeChat and Weibo, to improve reach and booking potential.

The results: Due to iClick’s unrivaled technological and execution strengths, Armani Hotel Dubai’s ads were delivered in an omnichannel manner, raising brand awareness and garnering interest between Chinese consumers. Subsequently, Armani Hotel Dubai saw a surge in conversion rate.
During the campaign, the Armani Hotel Dubai brand was connected with 87% of Chinese mobile users.

Award-winning Provider

iClick, a Deloitte Technology Fast50, has received multiple industry awards from the international marketing community. The company is committed to helping clients access digital China with its omni-channel, data-driven marketing solutions that deliver uniquely sharpened marketing capabilities and outstanding advertising results.

Most recently, iClick subsidiary OptAim (Beijing) Information Technology Co., Ltd was recognized by Tencent Ads as a 2019 Gold Service Provider. Tencent Ads also named OptAim the winner of three major annual awards for the second half of 2019: “Outstanding Contribution of the Year,” “Best Technology & Data Application Award,” and “Best Branding Awards.”

In November 2019, company co-founder and CEO Sammy Hsieh was chosen as the winner of the “EY Entrepreneur of The Year China 2019 Award in Technology Category,” an award recognizing his entrepreneurial acumen, innovative spirit and strong leadership. As one of the world’s most prestigious business accolades, the “EY Entrepreneur of The Year” awards program honors those who accomplish success by combining ability with opportunity, and inspire others with great vision, leadership and outstanding achievement.

iClick won the Annual Influential Platform Award and the Innovation Golden Award in Marketing at the Creative Award 2019, as well as the Best Tourism Marketing Agency. The company was also the recipient of the “Best Brand and Performance Marketing Award” at the Performance Marketing Ecosystem Summit 2018 hosted by the Advertising & Marketing Service, a division of Tencent Holdings Limited.

The company in 2018 was also recognized as “Platinum Service Partner of Tencent Social Ads” at the Tencent Key Accounts Mid-Year Summit held in Beijing. The mobile division of iClick, Optaim, received the same award beginning in 2016. Optaim was also the “Best DSP Partner” and “Key Account Data Partner” of Tencent, making it the only player in China with such unique and deep level of cooperation with Tencent Social Ads.

Leadership

Sammy Wing Hong Hsieh, chairman of the board and co-founder, was CEO from 2009 to 2019. Prior to co-founding iClick, Hsieh held senior positions in several prominent technology companies. He was general manager for Asia Pacific at Efficient Frontier (now an Adobe company), a leading digital performance marketing company, and was director of Search Marketing at Yahoo Hong Kong from 2000-2008. Hsieh received a bachelor’s degree in economics from the University of California, Los Angeles.

Jian Tang, director, CEO and co-founder, has 20 years of experience in digital advertising and is well-known in China for his expertise in advertising technologies and big data. In 2012, he founded OptAim, which was acquired by iClick in 2015, and has served key research, engineering and management roles at Yahoo’s global research and development center. Tang received his doctorate in computer engineering from Tsinghua University and was named by Campaign Asia as one of the leaders in its Digital A-List in 2016.

Terence Chi Wai Li, chief financial officer, has 15 years of experience in financial management, investment and business operations. He has served in management roles and advisory capacities at several start-ups, in addition to financial management and fundraising roles. He previously worked at PricewaterhouseCoopers, specializing in M&A due diligence and cross border tax and deal structuring projects. Li received an MBA from Oxford University’s Said Business School. He is a Fellow Member of ACCA, a Member of HKICPA, and a Chartered Financial Analyst.

iClick Interactive Asia Group Ltd. (NASDAQ: ICLK), closed Wednesday's trading session at $5.31, off by 4.8387%, on 1,854,554 volume. The average volume for the last 3 months is 438,364 and the stock's 52-week low/high is $2.73000001/$5.98999977.

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Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF)

The QualityStocks Daily Newsletter would like to spotlight Exro Technologies Inc. (OTCQB: EXROF).

Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF), a Canadian technology company, is an innovative pioneer in the energy sector. Exro has developed and commercialized an electric power module (EPM) that integrates into existing motor systems to make them smarter. Exro’s patented technology optimizes existing motor performance by automatically sensing and adapting operating parameters to an optimized state, creating measurable efficiency gains, reduced mechanical components and increased system availability.

Applications

Exro’s technology and efficiency optimization algorithms improve the performance and efficiency of electric motors by manipulating power delivery to individual coils, thereby enabling the ability to expand operating parameters. This novel approach is scalable and can be utilized in most variable torque applications.

The widespread applications of Exro’s technology apply to optimizing the performance of electric vehicles, locomotive traction applications, industrial motors, and other variable torque applications that benefit from smart energy conversion.

Intellectual Property

Exro’s proprietary, patented software controls electric motor coils through individual coil switching. This introduction of intelligence into energy conversion at the level of individual coils results in expanded speed/torque capability, improved machine efficiency, reliability, safety and maintenance across a wider operating range. Exro’s advanced control algorithms create smart, real-time optimized power management.

Exro currently holds 15 patents, with 8 patents pending and additional patents under development. The company continues to expand its IP portfolio to support its goal of becoming a globally recognized leader in leveraging advanced control algorithms to improve the performance, efficiency and longevity of electric motors and generators.

Market Opportunity

Electric motors are the single biggest consumer of electricity. They account for about two-thirds of industrial power consumption and about 45% of global power consumption, according to an analysis by the International Energy Agency. Exro’s technology seeks to give industries a new way to look at energy—from electric vehicles, to industrial equipment, to renewable applications like wind farms; we are improving the way energy is consumed.

Laboratory Expansion

The 6,500-square-foot Exro Innovation Center (EIC), scheduled to open spring of 2020 in Calgary, will transition the current Victoria lab into one Calgary based center. The company’s new laboratory space will expand its service capabilities to customers, provide larger test capabilities, and showcase how Exro’s technology can be applied to dramatically improve the performance of electrical motors.

The EIC will also host collaborative events to explore advances in energy consumption and electric motor innovations, with participants from across Canada and around the world.

Strategic Partnerships

  • A strategic agreement with Finland’s Aurora Powertrains Oy, which in 2019 released an all-electric production snowmobile called the “eSled,” will see Exro’s technology added to the Aurora electric powertrain. The snowmobile sector’s economic footprint is estimated at $26 billion in the U.S., $8 billion in Canada, and $5 billion in Europe and Asia.
  • An agreement with Potencia in Mexico serving the last mile vehicle segment will integrate Exro’s custom drive and EPM module into small passenger commercial vehicles (taxis) and fleet delivery trucks
  • A licensing agreement with Motorino Electric, a leader in the Canadian electric transportation industry, will integrate Exro’s Electric Power Module technology into Motorino’s CTi electric bicycle.

Management

Chief Executive Officer Sue Ozdemir is a proven leader in the innovation and manufacturing of electric motors. She has nine years of accomplishments at General Electric, acting as CCO and the CEO of GE’s Small Industrial Motors Division, overseeing the division’s North American and international markets – ultimately building the division into a $160 million enterprise.

Chief Commercial Officer Josh Sobil is leading the seamless adoption of Exro’s growing product portfolio focused on the mobility segment and opening doors in all segments including agriculture, heavy industry, energy, construction, among others.

Executive Chairman Mark Godsy is a serial technology entrepreneur who has been involved in many top tier ventures, including two of Canada’s most successful biotech companies.

Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF), closed Wednesday's trading session at $0.70, off by 23.9957%, on 2,709,005 volume. The average volume for the last 3 months is 258,144 and the stock's 52-week low/high is $0.124389998/$1.14999997.

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The Movie Studio Inc. (OTC: MVES)

The QualityStocks Daily Newsletter would like to spotlight The Movie Studio Inc. (OTC: MVES).

The Movie Studio Inc. (OTC: MVES) is a vertically integrated motion picture production company focused on acquiring, developing, producing and distributing independent motion picture content for worldwide consumption via subscription and advertiser video on demand (SVOD/AVOD), over the top (OTT) platforms, foreign sales and various media devices. The company is currently engaged in establishing its own OTT VOD platform to integrate both its own and aggregated feature film projects, television programming and other media intellectual properties. The Movie Studio is disrupting traditional media content delivery systems with its digital business model of motion picture distribution, and the company intends to create a direct server access platform of its content with geo-fractured territories for worldwide distribution.

The company has launched The Movie Studio App on Google Play and the App Store, enabling users to both view the company’s content and potentially become part of it. The app is in the completion stage, and The Movie Studio is conducting its final beta test of the app’s unique “audition submission” function, leveraging the company’s “Watch Our Movies, Be in Our Movies!” content platform and “Everyone’s a Star” campaign, which will be marketed via social media. Using the app, subscribers can upload a thumbnail photo of themselves along with a selfie video audition submission that showcases them reading character dialog. Audition submissions will then be reviewed by producers for possible participation of the auditionee in upcoming feature films.

The audition submission function provides the subscriber the ability to disrupt traditional motion picture casting and management, enabling access to participation in The Movie Studio’s independent motion picture and media content. At the same time, for the company this significantly reduces capital expenditures associated with those traditional media mechanisms. The Movie Studio’s unique business model capitalizes on the global demand for film content through the production and distribution of its own films while also providing opportunities for direct viewer involvement in its content.

The company operates using a growth-by-acquisition strategy that includes:

  • Purchasing legacy film libraries.
  • Upgrading acquired films to 4K resolution and remonetizing with “new” film content on popular VOD streaming platforms across the internet.
  • Strategic partnerships and media content alignment with other OTT platforms and cross-collateralization of leverageable media assets for worldwide distribution.
  • Producing micro-budget motion picture content with substantial production value utilizing new 4K technology and the company’s extensive legacy resources and unique production process, thereby significantly reducing capital expenditures while allowing for the potential of significant return on investment (ROI) with one successful production.
  • Controlling its revenue streams through server-driven geo-fracturing global territories and its own OTT platform.

Currently, The Movie Studio is producing three upcoming feature films: “Cause and Effect,” “The Last Warhead” and “PEGASUS” — all with completed electronic press kits and pitch decks and fully produced motion picture-quality trailers ready for talent, distribution and financial integration.

The company has been successful in producing, casting and distributing its films on major SVOD platforms without recognizable stars, which reduces capital expenditures. However, The Movie Studio intends to integrate recognizable stars into the productions at value propositions either pre- or post-completion of the intellectual property.

Through successful beta testing, The Movie Studio has monetized film assets on the Amazon, tubi tv, Comcast and Showtime platforms.

The company’s proposed server-based model will provide licensing payment from global territories without third-party distribution fees, which have traditionally been as high as 35%.

Founded in 1961 and formerly known as Destination Television, Inc., the company changed its name to The Movie Studio, Inc. in November 2012. The Movie Studio is headquartered in Fort Lauderdale, Florida.

Cord-Cutting Creates Opportunity for VOD Players

Consumers are no longer content waiting for their favorite programming to come on the air – they expect instant streaming access where and how they want it. This has led to increased “cord cutting,” with consumers severing ties with their traditional pay TV providers in favor of digital streaming services.

With the advent of smart TVs with app integration, consumers can now watch what they want to watch when they want to watch it, fracturing traditional cable bundling mechanisms.

With pay TV usage steadily declining – satellite and cable TV businesses in the United States lost approximately 6 million customers in 2019 alone – streaming platforms are poised to potentially replace traditional pay TV distribution models altogether. Approximately 12,000 U.S. consumers are cutting the cord every day.

As this shift in media delivery continues and as digital devices become more sophisticated and bandwidth increases, VOD platforms have the potential to scale significantly. The Hollywood “streaming wars” of recent years have created an environment in which smaller competitors, like The Movie Studio, are able to emerge as major brands.

The Movie Studio Inc. (OTC: MVES), closed Wednesday's trading session at $0.0098, up 8.8889%, on 183,265 volume. The average volume for the last 3 months is 118,648 and the stock's 52-week low/high is $0.006099999/$0.07.

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Trxade Group Inc. (NASDAQ: MEDS)

The QualityStocks Daily Newsletter would like to spotlight Trxade Group Inc. (NASDAQ: MEDS).

Trxade Group Inc. (NASDAQ: MEDS) is an integrated pharmaceutical services company that offers a unique combination of a web-based purchasing platform (www.trxade.com) for transactions between independent pharmacists and drug distributors (B2B); a network of pharmacies with E-Hub software; a mail order pharmacy; and warehouse and drug delivery services. This synergistic combination of product offerings and superior data analytics is poised to benefit all stakeholders and consumers within the pharmaceutical industry.

Trxade will leverage and scale its fully integrated model to execute the following growth strategies:

  • Increase share of pharmacist drug purchasing
  • Additional SKUs and expand product breath
  • Partner with Specialty and International Mfg.
  • Expand mail order licenses to all 50 states
  • Scale Delivmeds for consumer delivery nationwide
  • Integration with telemedicine
  • M&A Opportunities within drug value chain

Founded in 2010 and headquartered in Tampa, Florida, Trxade’s overarching corporate strategy is to penetrate the existing retail independent pharmacy marketplace and diversify the company’s pharmaceutical mix with additional specialty and acute care products. Trxade is advancing on this mission by focusing on three key niches in the health care market.

Business-to-Business (B2B)

The $330 billion U.S. pharmaceutical industry is comprised of more than 65,000 pharmacy facilities and 1,500 state-licensed suppliers. Roughly 24,000 of these facilities are independent pharmacies, which collectively spend approximately $93 billion a year on branded and generic drugs.

Trxade targets these independent pharmacies, leveraging a robust, “E-Bay/Kayak-like” technology platform with optimum buyer/seller pricing algorithms, product availability, and predictive data analytics features.

Trxade currently serves and transacts with more than one-third (10,250) of these independent pharmacies and facilitates over $10 million of drug purchases a month!

Consumer

Trxade also targets the “consumer side” of the pharmaceutical industry, aiming to lower prescription drug costs by attacking the inefficient value chain; offering drug price transparency and efficient buying; and, delivering drugs DIRECT to independent pharmacists and consumers.

The company operates a full-service mail order pharmacy for U.S. consumers, as well as a mobile app called “Delivmeds” (http://www.delivmeds.com) which enables SAME DAY home delivery of dispensed prescriptions.

Retail

Trxade’s Managed Services Organization (“TrxadeMSO”) enables its member independent retail pharmacies to get patients, process orders, and deliver or ship prescriptions to patients. TrxadeMSO provides access to encompassing network of pharmacies through the E-Hub software, allowing for timely and comprehensive medication fulfillment.

These offerings ensure the best-suited pharmacy receives the patient’s information, thereby ensuring appropriate medication coverage based on the patient’s location, payor coverage, and medication access/inventory. This will save the clinicians and their staff time as they benefit from efficiency and enhanced workflow management in script processing and fulfillment.

Health Care Market

The U.S. health care market currently hovers near $4 trillion and is expected to grow as the general population ages. This growth will have greater impact on consumers as out-of-pocket expenses also rise. Additionally, drug costs are paced to increase faster than the overall health care and well above inflation.

Drug pricing is variable, and reimbursement is squeezing profits. This provides significant opportunity for the Trxade model of price visibility and profit optimization.

Trxade’s fair online market platform targets the nation’s retail community and independent pharmacies, of which there are approximately 24,000 nationwide. TRxADE has found that independent pharmacies, in order to be cost-effective, often operate with minimal staff and conduct up-to-the minute price checks. The TRxADE S2P platform gives these pharmacists the ability to easily compare the price of drugs offered by various suppliers and select the most favorable deals, saving money by taking advantage of best purchase pricing.

TRxADE’s programs include:

  • TRxADE Exchange, which opens and widens the distribution channel to the retail, community pharmacy. A purchasing pharmacy can view products from manufacturers, buying groups, and wholesalers on a real-time and continuous basis. This approach significantly enhances the competitive spirit of the exchange where the lowest price exists for each product at any given point in time. TRxADE has become a competitive tool for all progressive entities and is recognized for its easy searching of hard-to-find generic pharmaceuticals at substantially reduced prices.  
  • RX Guru™ is an industry-leading price prediction model that integrates product shortage insight into pharmacy acquisition benchmarks (“PAC”) to ascertain trends and pricing variances that result in significant purchasing opportunities. RX Guru affords members the opportunity to continuously benefit from real price purchasing opportunities that are concealed from the rest of the industry. 
  • Product Shortage Database – TRxADE maintains the most comprehensive retail, specialty and acute care pharmaceutical product shortage database in the country. Other industry competitors mainly restrict their efforts to specialty and acute care product shortages and narrowly research oral generic products. TRxADE’s advanced prediction tools help members source those hard-to-find products at affordable costs in a timely and easy-to-search process. 

Management Team 

Trxade’s management team is rich in expertise within the pharmaceutical supply chain and is supported by a base of advisors and contractors who are experts in related fields of the pharmaceutical sector.

Suren Ajjarapu – Chairman of the Board, Chief Executive Officer and Secretary
Suren Ajjarapu has served as Trxade’s chairman of the board, CEO and secretary since 2014, and as the chairman of the board, chief executive officer and secretary of Trxade Nevada since its inception. Ajjarapu also serves as a chairman of the board for Feeder Creek Group Inc., since March 2018. Ajjarapu formerly was a founder, CEO and chairman of Sansur Renewable Energy Inc., a company involved in developing wind power sites in the Midwest, United States; a founder, president and director of Aemetis Inc., a biofuels company (AMTX.OB); a founder, chairman and CEO of International Biofuels, a subsidiary of Aemetis Inc.; and a co-founder, COO, and director at Global Information Technology Inc., an IT outsourcing and systems design company. Ajjarapu holds an M.S. in environmental engineering from South Dakota State University, Brookings, South Dakota, and an MBA from the University of South Florida, specializing in international finance and management. Ajjarapu is also a graduate of the Venture Capital and Private Equity program at Harvard University.

Prashant Patel – Director, President and Chief Operating Officer
Prashant Patel has served as Trxade’s full-time president and COO, and as a director since the company’s acquisition of Trxade Nevada in 2014, and as the COO and president and as a director of Trxade Nevada since its inception. He has been a president and member of the board of Trxade since August 2010. Patel is a registered pharmacist and pharmaceutical consultant with over 10 years of experience in retail pharmacy and pharmaceutical logistics. He is the founder of several pharmacies in the Tampa Bay area, in Florida. Since 2008, Patel has been managing member of the APAA LLC pharmacy. Since 2007, Patel has been a vice president of Holiday Pharmacy Inc. Patel graduated from Nottingham University School of Pharmacy and practiced in the United Kingdom before obtaining his masters in Transport, Trade and Finance from Cass Business School, City University, UK.

Trxade Group Inc. (MEDS), closed Wednesday's trading session at $6.05, off by 1.1438%, on 59,237 volume. The average volume for the last 3 months is 122,956 and the stock's 52-week low/high is $3.23399996/$11.6000003.

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