The QualityStocks Daily Monday, June 15th, 2020

Today's Top 3 Investment Newsletters

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The QualityStocks Daily Stock List

Artemis Gold, Inc. (ARGTF)

OTC Markets, Resource World, Junior Mining Network, GuruFocus, Investors Observer, Nasdaq, Barchart, PR Newswire, TradingView, Stockhouse, Mining.com, Investcom.com, Seeking Alpha, Wallet Investor, Dividend.com, and Market Screener reported earlier on Artemis Gold, Inc. (ARGTF), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Artemis Gold, Inc. is a gold development company targeted at creating shareholder value via the identification, acquisition, and development of gold properties in mining-friendly jurisdictions. The Company was spun out of Atlantic Gold Corporation before it being acquired by St Barbara Limited in 2019. Incorporated in 2019, Artemis Gold has its corporate office in Vancouver, British Columbia. The Company’s shares trade on the OTC Markets.

Artemis Gold has a strong balance sheet with roughly C$32 Million in cash. The Company’s current asset portfolio includes an approximately 39 percent strategic stake in Velocity Minerals Ltd. (TSX-V: VLC), and also the right to earn 100 percent of the GK Project. This is a copper-gold porphyry and epithermal target situated within northwestern British Columbia’s Golden Triangle region.

Artemis Gold made a strategic investment in March of 2019 into Velocity Minerals, a gold exploration and development company focused on eastern Europe. Proceeds from the VLC Investment are being used to fund the advancement of Velocity Minerals’ flagship deposit, the Rozino gold project positioned in southeast Bulgaria towards feasibility and permitting. This includes resource expansion and definition drilling, engineering studies, environmental monitoring, and assessment and for general working capital purposes.

Artemis Gold entered into an option agreement on May 31, 2019 with Strategic Metals Ltd. for the right to acquire a 100 percent interest in the GK project. This is subject to certain royalty payments. GK is an early-stage exploration project. It is about 17 km west of Telegraph Creek, northwestern British Columbia.

GK has multiple very strong gold-copper geochemical anomalies. Rock sampling has returned values of negligible to 47.5 g/t gold, 15.9% copper, 120 g/t silver and 0.21% cobalt. The initial proposed program of $400,000 covers magnetic/VTEM surveys, 1000 samples, and trenching. A Phase 2 program may be initiated based on the initial program, which would include diamond drilling.

Last week, Artemis Gold announced the signing of an Asset Purchase Agreement with New Gold, Inc. to acquire the Blackwater Gold Project in central British Columbia. Transaction highlights include the addition of a world class asset with Federal and Provincial EA approvals in place, allowing for the possibility of near-term construction; a significant Mineral Resource of 9.5 million ounces, Measured and Indicated; and strong economics based on the 2014 Feasibility Study (FS).

Artemis Gold is acquiring New Gold’s 100 percent recorded interest in 328 mineral claims encompassing an area of 148,688 ha distributed among the Property and the Capoose, Auro, Key, Parlane, and RJK claim blocks. Surface rights over the Project area are controlled by the Crown.

Artemis Gold, Inc. (ARGTF), closed Monday's trading session at $2.52, up 11.5044%, on 64,202 volume with 155 trades. The average volume for the last 3 months is 23,628 and the stock's 52-week low/high is $0.600000023/$2.82998991.

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Birchcliff Energy Ltd. (BIREF)

OilandGas360, Top Stocks News, 5iResearch, Market Screener, GuruFocus, Proactive Investors, Simply Wall St, GlobeNewswire, Barchart, Seeking Alpha, Stockhouse, TradingView, MarketBeat, Stockwatch, Business Insider, Canadian Insider, Annual Reports, and Energy Now reported beforehand on Birchcliff Energy Ltd. (BIREF), and we highlight the Company as well, here at the QualityStocks Daily Newsletter.

Birchcliff Energy Ltd. explores for, develops, and produces natural gas, crude oil, and natural gas liquids in Western Canada. An intermediate oil and natural gas company, it has operations concentrated within its one core area, The Peace River Arch Of Alberta. Birchcliff has substantial in-house technical expertise and experience on the Peace River Arch. Founded in 2004, Birchcliff Energy is headquartered in Calgary, Alberta.

Birchcliff has focused assets in the Peace River Arch Area of Alberta on the Montney/Doig Resource Play. It essentially has a 100 percent Working Interest (WI); 99 percent of production is operated. The Company has a large, contiguous undeveloped land base with an average 89 percent WI.

Birchcliff Energy has significant control of infrastructure. This includes the 100 percent owned and operated 340 MMcf/d Pouce Coupe Gas Plant (PC Gas Plant). Moreover, it has a low decline production base (estimated 20 percent in 2019), and a top tier cost structure driving peer leading profitability.

The Company’s key strategic attributes include 18 gross (15.1 net) Montney sections contiguous to existing BIR infrastructure. There is the potential for 4 Montney intervals (Montney D1, D2, C, Basal Doig/Upper Montney).

Regarding selected highlights for Q1 2020, Birchcliff Energy achieved quarterly average production of 73,580 boe/d in Q1 2020. This represents a 2 percent decrease from Q1 2019. Liquids accounted for roughly 22 percent of the Company’s total production in Q1 2020 versus roughly 21 percent in Q1 2019.

Birchcliff Energy continued with the successful and efficient execution of its 2020 Capital Program, drilling 18 (18.0 net) wells, completing 14 (14.0 net) wells, and bringing 4 (4.0 net) wells on production in Q1 2020. The Company Paid approximately $7.0 million in common share dividends in Q1 of 2020.

Birchcliff Energy states that over the course of 2020, the expectation is that its production will increase with a corresponding reduction in per unit operating costs, with a significant number of wells planned to be brought on production in late Q3 2020. This will coincide with the bringing on-stream of the Company’s 20,000 bbls/d (50 percent condensate, 50 percent water) inlet liquids handling facility at the Pouce Coupe Gas Plant. Production in Q4 2020 is expected to average about 81,000 to 83,000 boe/d.

Birchcliff Energy Ltd. (BIREF), closed Monday's trading session at $0.8982, up 0.921348%, on 185,220 volume with 229 trades. The average volume for the last 3 months is 105,617 and the stock's 52-week low/high is $0.398600012/$2.29859995.

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Columbia Care, Inc. (CCHWF)

Technical420, Dividend.com, Seeking Alpha, MarketWatch, Market Wire News, SmarterAnalyst, The Cannabis Reporter, Small Cap Power, Investing.com, Market Screener, InvestorsHub, TradingView, BioSpace, GuruFocus, InvestorX, EIN News, Pot Stock News, New Cannabis Ventures, Stockhouse, TipRanks, Wallet Investor, Stockwatch, and Green Market Report reported beforehand on Columbia Care, Inc. (CCHWF), and today we report on the Company, here at the QualityStocks Daily Newsletter.

Columbia Care, Inc. operates in the medical cannabis industry in the USA and the European Union (EU). The Company provides a portfolio of high-quality cannabis-based health and wellness solutions. Its objective is to lead the industry through leveraging data and research to drive innovation and improve access to cannabis and plant-based solutions. The Company has completed more than 1.6 million sales transactions since inception. Founded in 2012, Columbia Care is based in New York, New York and lists on the OTC Markets’ OTCQX.

Columbia Care is a vertically integrated medical cannabis business with a U.S. license portfolio that allows for up to 730K square feet of cultivation and the potential to produce more than 125 K kilograms of dried flower annually. Its patient-centric focus includes one-on-one consultations and follow-ups with pharmacists and experts.

Columbia Care has established partnerships with some of the world’s top research institutions, universities, and medical schools to further medical cannabis research. This enables timely and relevant data collection and analysis, to increase future innovation. The Company has locations all across the U.S. It has locations in Arizona, California, Delaware, Florida, Illinois, Massachusetts, New York, Pennsylvania, Puerto Rico, and Maryland.

The Company offer brands and products that meet high standards of potency, purity, and predictability. Its proprietary, patent-pending medical brands are TheraCeed™, ClaraCeed™ and EleCeed™. These are pharmaceutical-quality and come in a variety of formats. These formats include hard-pressed tablets, suppositories, vapes, as well as lotions.

Columbia Care also offers an array of health and wellness brands and products in addition to its medical cannabis products. These include its own hemp CBD (cannabidiol) brands, which are full spectrum, independent 3rd party tested, organic, GMO-free, and produced in cGMP-compliant facilities. Its flagship hemp CBD brand, Columbia Care Platinum Label, aims to set the standard in potency and purity.

Last week, Columbia Care announced the opening of its first medical cannabis dispensary in New Jersey. The new dispensary is located at 1062 N Delsea Drive, Vineland, New Jersey 08360. It started serving the New Jersey medical cannabis community on June 11, 2020.

The dispensary will be supported by the Company’s 50,000 sq. ft. cultivation and manufacturing facility, which will produce its first harvest next month, supplying the dispensary and Columbia Care’s wholesale operations in New Jersey. Patients will also have access to the Columbia National Credit Card. This is the first and only legal credit card for cannabis purchases, to facilitate seamless ordering and cashless transactions.

Columbia Care, Inc. (CCHWF), closed Monday's trading session at $2.79, up 1.8248%, on 33,686 volume with 134 trades. The average volume for the last 3 months is 52,438 and the stock's 52-week low/high is $0.779999971/$7.00.

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Corsa Coal Corp. (CRSXF)

Pink Investing, OTC Markets, Morningstar, Whale Wisdom, TradingView, TMXmoney, Investors Hangout, Barchart, Wallmine, TipRanks, OilandGas360, Dividend Investor, Current Charts, InvestorX, Metals News, Central Charts, Mining Feeds, Macroaxis, Stockwatch, moneyhub.net, Wallet Investor, InvestorsHub, Stockhouse, Simply Wall St, MQ World, Seeking Alpha, and MarketWatch reported earlier on Corsa Coal Corp. (CRSXF), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Corsa Coal Corp. is a premium quality metallurgical coal producer listed on the OTC Markets Group’s OTCQX. It concentrates on the production and sales of metallurgical coal, a vital ingredient in the production of steel. The Company markets and sells its coal to customers in North America, Europe, South America, and Asia. Corsa Coal is headquartered in Canonsburg, Pennsylvania.

The Company’s core business is producing and selling metallurgical coal to domestic and international steel and coke producers in the Atlantic and Pacific basin markets. Corsa Coal is a pure play metallurgical coal producer with mines located in Somerset County, Pennsylvania, and Grantsville, Maryland. It mines, processes, and sells metallurgical coal for the worldwide steel industry from underground and surface mine operations.

Corsa produces high-quality, low volatile metallurgical coal. This coal has strong coking properties, making it ideally suited for steelmakers. At present, Corsa has the operational capacity at its mines to produce more than 1.6 million tons of coal annually, with processing capacity at its two operating plants in excess of 4.0 million.

For Q1 2020, Corsa Coal reported Net and Comprehensive Loss of $5.8 million, or $0.06 per share attributable to shareholders, for Q1 2020, versus Income of $3.0 million, or $0.02 per share attributable to shareholders, for Q1 2019. Total Revenues for the three months ended March 31, 2020 were $46.7 million versus $57.3 million for the three months ended March 31, 2019.

Cash Production Cost per Ton Sold was $71.12 for Q1 2020. This represents a decrease of $12.09 per ton, or 15 percent, versus Q1 2019. Cash flows Provided by Operating Activities for the three months ended March 31, 2020 were $8.3 million versus $5.7 million for the three months ended March 31, 2019.

Mr. Peter Merritts, Chief Executive Officer of Corsa Coal, said, “Despite the impact and operational disruptions caused by COVID-19, our mines and plants continued to produce at a high level. The quarterly production record that was set in the first quarter of 2019 was broken successively in the second and third quarters of 2019 and again in the first quarter of 2020. Our first quarter cash production costs per ton sold decreased by 15% compared to the first quarter of 2019 and 4% compared to the fourth quarter of 2019.”

Corsa Coal Corp. (CRSXF), closed Monday's trading session at $0.161, even for the day, on 2,200 volume. The average volume for the last 3 months is 5,326 and the stock's 52-week low/high is $0.081699997/$0.589200019.

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GrowLife, Inc. (PHOT)

Stocks News Wire, Zacks, Great Portfolio, Awesome Penny Stocks, Wall Street Alerts, Simply Wall St, Investor Ideas, CannabisMarketCap, Green Rush Review, Investing.com, Stockhouse, Stockopedia, Best Medical Marijuana Stocks, CRWEWorld, GlobeNewswire, Stockwatch, Investors Underground, Accesswire, Energy and Capital, InvestorsHub, TradingView, and TMXmoney reported previously on GrowLife, Inc. (PHOT), and today we report on the Company, here at the QualityStocks Daily Newsletter.

GrowLife, Inc. is one of the nation’s most recognized indoor cultivation product and service providers. It provides farming soil, hydroponics equipment, organic plant nutrients, and other products to specialty grow operations in the United States. The OTCQB-listed Company’s goal is to become the nation’s largest cultivation service provider for cultivating organics, herbs and greens, as well as plant-based medicines. Established in 2012, GrowLife is based in Kirkland, Washington.

GrowLife has a complete selection of cultivation products combined with logistics and distribution services. The Company’s emphasis is on helping responsible cultivation operations efficiently control supply costs, manage build-out investments, track supply usage, and streamline workflows.

GrowLife provides essential goods and services through a network of local representatives covering the United States and Canada, regional centers, as well as its e-Commerce team. The Company’s retail locations are in Encino, California; Portland, Maine; and Calgary, Alberta. GrowLife also has its GrowLife Commercial operations.

GrowLife announced this past March that it released to the public, by way of open source, its design and operation instructions for its concept GrowLife Cube vertical cannabis grow room product. This indoor cannabis growing facility leverages state-of-the-art technology and design to maximize the amount of plants that can be grown in a cubic space. This is while utilizing technologies that lessen production costs and produce consistent results.

Recently, GrowLife, Inc. reported an increase in Quarter-over-Quarter Revenue and Gross Margins in Q1 2020. It had Revenue growth of 12.8 percent quarter-over-quarter in Q1 of 2020 versus Q4 of 2019, from $1,473k to $1,661k. The Company increased its Blended Gross Margins to 39.3 percent for the period ending March 31, 2020, up from Q4 of 2019 and last year’s overall that were 24.2 percent and 31.0 percent, respectively. For the period ending March 31, 2020, GrowLife had a Net Loss of $1,293,675 versus a Loss of $2,338,325 for the period ending March 31, 2019. GrowLife concentrated on the market opportunity of selling hemp clones via its newly established brand “EZ-CLONEZ”, which sells exclusive strains of CBD-rich hemp clones.

GrowLife, Inc. (PHOT), closed Monday's trading session at $0.175, off by 3.5813%, on 233,647 volume with 113 trades. The average volume for the last 3 months is 187,709 and the stock's 52-week low/high is $0.14/$1.23000001.

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Target Hospitality Corp. (TH)

Market Chameleon, Whale Wisdom, Stocktwits, TipRanks, Simply Wall St, Investing.com, last10k, Business Wire, Barchart, S&P Global Market Intelligence, Directors Talk Interviews, Seeking Alpha, Nasdaq, GuruFocus, ETF.com, Investors Observer, Dividend.com, and Morningstar reported earlier on Target Hospitality Corp. (TH), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.

Target Hospitality Corp. is the largest provider of vertically-integrated specialty hospitality accommodations with premium catering and value-added hospitality services in the United States. The Company builds, owns, and operates customized housing communities for a range of end users. It offers a full suite of cost-effective hospitality solutions including culinary, catering, concierge, laundry, security services, and recreational facilities. Target Hospitality lists on the NasdaqGS. The Company is based in The Woodlands, Texas.

Fundamentally, Target Hospitality is an international provider of turnkey accommodations and hospitality solutions. It coordinates every element of building and operating a workforce lodging community. The Company custom builds workforce housing accommodations to fulfill any need or specification. This is from basketball courts to BBQ pits, catering to housekeeping services, 24-hour travel professionals to on-site transportation management.

Target Hospitality mainly serves the energy and government sectors. Target handles everything and outsources nothing. The design of its increasing network of 25 communities with more than 13,000 rooms is to maximize workforce productivity and satisfaction. The Company has been awarded the GSA Professional Services Schedule (PSS) contract enabling it to provide logistics solutions to government agencies. Target provides a comprehensive range of housing, deployment, operations, and management services by way of its GSA Professional Services Schedule agreement.

Target’s oil field hospitality and lodge management services include Catering; Accounting; Security; and Communications. Oil field hospitality and lodge management services also include Maintenance/Housekeeping; Laundry; HSE; as well as Quality Control/Assurance. Regarding Temporary Workforce Housing, the Company provide temporary oil field housing, temporary apartments in an Olympic village or housing for disaster relief workers. It customizes to a client’s needs and preferences and provides short-term, long-term, affordable, and comfortable turnkey accommodations and hospitality solutions.

Target Hospitality also has its Lodge Network. The Company’s existing lodges provide value to companies and accommodations. Target offers a fully operating Housing Community that is already up and running. It offers turnkey accommodations and hospitality solutions.

Target Hospitality Corp. (TH), closed Monday's trading session at $2.15, off by 12.6016%, on 341,888 volume with 2,128 trades. The average volume for the last 3 months is 182,450 and the stock's 52-week low/high is $1.19000005/$10.1300001.

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TRACON Pharmaceuticals, Inc. (TCON)

Zacks, Stocktwits, BioPharmCatalyst, Stocknews, Investors Observer, Stockwatch, YCharts, Investing.com, Morningstar, ETF.com, InvestorsHub, iwatchmarkets, Simply Wall St, MacroTrends, Barchart, ChartMill, TMXmoney, GlobeNewswire, Stockhouse, Proactive Investors, Market Screener, and Seeking Alpha reported earlier on TRACON Pharmaceuticals, Inc. (TCON), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.

TRACON Pharmaceuticals, Inc. is a clinical stage biopharmaceutical company listed on the NasdaqGS. It develops targeted therapies for cancer utilizing a capital efficient product development platform. The Company’s goal is to be a leader in the development of targeted therapies for patients with cancer and other diseases of high unmet need. The Company was previously known as Lexington Pharmaceuticals, Inc. It changed its corporate name to TRACON Pharmaceuticals, Inc. in March of 2005. Established in 2004, TRACON Pharmaceuticals is based in San Diego, California.

TRACON’s clinical-stage pipeline includes envafolimab. This is a subcutaneous PD-L1 single-domain antibody undergoing development for the treatment of sarcoma with the aim of starting a registrational trial in the United States in the second half of 2020. Its pipeline also includes TRC253, a small molecule drug candidate undergoing development for the treatment of prostate cancer; and TRC102, a small molecule drug candidate undergoing development for the treatment of lung cancer. Furthermore, the Company’s pipeline includes TJ004309, a CD73 antibody in Phase 1 development for the treatment of advanced solid tumors.

TRACON Pharmaceuticals is actively seeking additional corporate partnerships whereby it leads U.S. regulatory and clinical development and shares in the cost and risk of clinical development and leads U.S. commercialization. In these partnerships the Company believes it can serve as a solution for companies without clinical and commercial capabilities in the United States.

Recently, TRACON Pharmaceuticals highlighted data from poster #11511 at the American Society of Clinical Oncology (ASCO) 2020 Virtual Scientific Program, entitled, “Multicenter phase II study of nivolumab +/- ipilimumab for patients with metastatic sarcoma (Alliance A091401): Results of expansion cohorts.” Investigators from the Alliance for Clinical Trials in Oncology (Alliance) reported an impressive 29 percent confirmed objective response rate (ORR) in patients (n=14) with highly refractory Undifferentiated Pleomorphic Sarcoma (UPS) who received Opdivo in combination with Yervoy in a non-comparative randomized trial. Alliance is a broad community of scientists and clinicians who are committed to the prevention and treatment of cancer.

Mr. James Freddo, M.D., TRACON Pharmaceuticals’ Chief Medical Officer, said, “We believe these data bode well for the ENVASARC trial, which will assess the potential of envafolimab as a single agent and in combination with Yervoy in UPS that has progressed following one or two prior lines of treatment. Given the ASCO 2020 data indicating that envafolimab’s activity is similar to that of Opdivo in MSI-H/dMMR cancer, but without infusion related reactions, we believe our trial’s objective of targeting a 15% ORR in ENVASARC is achievable.”

TRACON Pharmaceuticals, Inc. (TCON), closed Monday's trading session at $2.07, up 3.50%, on 175,879 volume with 1,002 trades. The average volume for the last 3 months is 305,273 and the stock's 52-week low/high is $0.949999988/$8.89999961.

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Edesa Biotech, Inc. (EDSA)

MicroSmallCap, Stock Consultant, Whale Wisdom, GuruFocus, Alpha Stock News, Simply Wall St, Stocktwits, Market Chameleon, Investor Place, Street Insider, Proactive Investors, MusthInsider, Stockopedia, Seeking Alpha, TipRanks, ChartMill, Accesswire, YCharts, NasdaqTrader, News Welcome, Investors Observer, InvestorsHub, PR Newswire, Stockwatch, iwatchmarkets, TradingView, Morningstar, Barchart, and Dividend Investor reported previously on Edesa Biotech, Inc. (EDSA), and today we report on the Company, here at the QualityStocks Daily Newsletter.

Edesa Biotech, Inc. is a clinical-stage biopharmaceutical company listed on the NasdaqGS. Its focus is on efficiently developing innovative treatments that address significant unmet medical needs. The Company’s lead product candidate is EB01. Late-stage drug candidates developed by Edesa Biotech aim to help patients with limited treatment options for dermatological and gastrointestinal diseases. Edesa Biotech is headquartered in Markham, Ontario. Established in 2015, the Company also has U.S. offices in Southern California in Port Hueneme.

Experts in the field of dermatology and gastroenterology founded Edesa Biotech. The Company’s EB01 is a novel non-steroidal anti-inflammatory molecule (sPLA2 inhibitor) for the treatment of chronic allergic contact dermatitis that has demonstrated statistically significant improvements in manifold clinical studies. In October of 2019, a Phase 2b clinical study of EB01 was started.

The design of sPLA2 inhibitors are to inhibit the inflammatory process at its inception rather than after inflammation has occurred. Furthermore, Edesa’s intention is to expand the utility of its sPLA2 inhibitor technology across numerous indications and also expand its portfolio with assets that can drive long-term growth opportunities.

Edesa’s intention is to expand its pipeline across multiple indications. This could include acne or other inflammatory disorders. For instance, EB02 is a formulation developed to treat hemorrhoids. Also, the Company has licensed other technology. Edesa is in talks to broaden its portfolio with investigational medicines to treat other serious skin and gastrointestinal conditions.

Recently, Edesa Biotech announced a collaborative research project with the National Research Council of Canada (NRC) to develop novel immunotherapies for vitiligo and other indications. Vitiligo is a life-altering autoimmune disease that results in the depigmenting of the skin.

With this agreement, NRC scientists will produce numerous monoclonal antibodies for Edesa Biotech to identify a lead candidate to take into IND-enabling studies. The NRC will grant Edesa an exclusive global license for the antibodies arising from the project. Edesa expects to complete the initial phase of the project by the end of this year.

Edesa Biotech recently announced a strategic agreement with Light Chain Bioscience (a brand of NovImmune SA), a foremost Swiss pharmaceutical development company, for an exclusive global license to develop and commercialize two Phase 2-ready biologic drug candidates for all therapeutic, prophylactic, and diagnostic applications.

The monoclonal antibodies licensed from Light Chain Bioscience block certain signaling proteins, called TLR4 and CXCL10. Edesa Biotech plans to pursue the development of these signaling molecules as potential treatments for acute respiratory distress syndrome and lung injury resulting from viral respiratory infections, such as the coronavirus that causes COVID-19, and other disorders.

Edesa Biotech, Inc. (EDSA), closed Monday's trading session at $5.80, up 100.00%, on 55,545,641 volume with 279,020 trades. The average volume for the last 3 months is 64,425 and the stock's 52-week low/high is $1.58000004/$13.5600004.

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Brickell Biotech, Inc. (BBI)

Market Chameleon, Nasdaq, Stocktwits, Stockhouse, BioPharmCatalyst, Morningstar, Barchart, Simply Wall St, last10k, Dividend Investor, BioSpace, Stockopedia, GuruFocus, TradingView, Stockwatch, Investors Observer, Webull, ChartMill, Dwinnex, YCharts, TipRanks, InvestorsHub, Seeking Alpha, and GlobeNewswire reported earlier on Brickell Biotech, Inc. (BBI), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.

Brickell Biotech, Inc. is a clinical-stage pharmaceutical company listed on the NasdaqCM. It is focused on developing innovative and differentiated prescription therapeutics for the treatment of debilitating skin diseases. The Company’s pipeline comprises potential novel therapeutics for hyperhidrosis and other prevalent dermatological conditions. Established in 2009, Brickell Biotech is headquartered in Boulder, Colorado.

The Company’s Executive Management Team and Board of Directors have wide-ranging experience in product development and worldwide commercialization, having served in leadership roles at large global pharmaceutical companies and biotechs that have developed and/or launched successful products. This includes several that were first-in-class and/or attained iconic status, such as Cialis®, Taltz®, Gemzar®, Prozac®, Cymbalta® and Juvederm®. Brickell Biotech’s strategy is to take advantage of this experience to in-license, acquire, develop and commercialize unique products that the Company believes can be successful in the presently underserved dermatology global marketplace.

In Brickell’s pipeline is Sofpironium Bromide. This is a retrometabolically designed topical anticholinergic for primary axillary hyperhidrosis. Retrometabolic drugs are designed to exert their action topically and are potentially quickly metabolized into a less active metabolite once absorbed into the blood. This proposed mechanism of action may allow for highly effective doses to be used while limiting systemic side effects. Hyperhidrosis is a life-altering medical condition where a person sweats more than the body requires to regulate its temperature.

Sofpironium bromide was discovered at Bodor Laboratories, Inc. by Dr. Nicholas Bodor D.Sc., d.h.c. (multi), HoF, Graduate Research Professor Emeritus, University of Florida. Sofpironium bromide is a proprietary new molecular entity that belongs to a class of medications called anticholinergics. Anticholinergics block the action of acetylcholine, a chemical that transmits signals within the nervous system that are responsible for a range of bodily functions. This includes activation of the sweat glands.

Recently, the last patient completed the Phase 3 long-term safety study for sofpironium bromide. Brickell Biotech remains on course to report top-line results in Q2 of 2020. To date, there have been 19 clinical studies conducted by Brickell Biotech and Kaken of sofpironium bromide gel that encompass more than 1,300 subjects. Brickell Biotech also has early research programs targeting different skin diseases in its pipeline.

Brickell Biotech, Inc. (BBI), closed Monday's trading session at $1.89, up 50.00%, on 36,249,262 volume with 106,030 trades. The average volume for the last 3 months is 179,030 and the stock's 52-week low/high is $0.990199983/$6.51000022.

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BioXyTran, Inc. (BIXT)

Wallet Investor, Born2Invest, InvestorsHub, Wall Street Analyzer, last10k, Financial Buzz, Proactive Investors, Investors Hangout, Seeking Alpha, TradingView, Stockwatch, Barchart and Simply Wall St reported beforehand on BioXyTran, Inc. (BIXT), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

BioXyTran, Inc. concentrates on developing treatments for stroke and Ischemia. An early stage pharmaceutical company, it focuses on the development, manufacture, and commercialization of different therapeutic drugs to address hypoxia in humans. The Company’s lead pharmaceutical drug candidate is BXT-25. OTCQB-listed, BioXyTran is headquartered in Newton, Massachusetts.

BioXyTran has its BXT-25 and BXT-252. The design of both drugs are to oxygenate ischemic (reduced blood flow) regions of the body and could provide sufferers valuable aid. BXT-25’s co-polymer proprietary chemical structure acts as the principal carrier of oxygen, instead of the red blood cells that are blocked by the clot.

BXT-25 construct significantly lessens methemoglobin formation and nitric oxide scavenging that may contribute to an assortment of disorders. This includes renal failure, vasoconstriction, hypertension, myocardial infarction, and also related toxicity issues. Additionally, BXT-25’s small size, around 1/5,000th that of a red blood cell, enables it to perfuse constricted, ischemic capillaries that are inaccessible to red blood cells because of clots or other obstructions.

BXT-25 is founded on a new molecule designed to reverse hypoxia in the brain. Hypoxic brain injuries such as ischemic strokes, could be treated with BXT-25 via an intravenous injection that quickly allows the drug molecule to travel to the lungs and bind with the oxygen molecules. From the lungs the molecule mimics a red blood cell traveling to the brain. Since the molecule is 5,000 times smaller than red blood cells, it can penetrate the clot and deliver the oxygen to the critical areas in the brain blocked by the clot.

In testing, BXT-25 will undergo evaluation as a resuscitative agent to treat strokes, especially during the all-critical first hour following a stroke. Furthermore, the product will undergo evaluation for its efficacy in treating other brain trauma issues.

The design of BioXyTran’s BXT-252 is to treat chronic wounds resulting from ischemia caused by occlusion of capillaries. BXT-252 has the same modality and physical properties as BXT-25. However, its proprietary co-polymer can improve the healing of pressure and arterial ulcers.

BioXyTran recently announced its intention to explore partnering with global drug companies looking to treat end stage Wuhan Coronavirus patients that have Acute Respiratory Distress Syndrome (ARDS).

Mr. David Platt, BioXyTran Chief Executive Officer, said, “This could be a major advancement in the treatment of end stage patients infected with the Wuhan Coronavirus. In situations like this pandemic, where resources are stretched to their limits, we are looking to develop a common sense solution to improve the mortality rate of this disease right away. Vaccines could be the answer, but they take time. We believe that potential partners will recognize that we have an immediate solution to treat acute patients with BXT-25. Even if an acute patient beats the disease down to a zero viral load they could still die from the ARDS. To fight the disease on another front, we also have the opportunity to upgrade the MDX Viewer to enable remote monitoring.”

Recently, BioXyTran announced that it signed an exclusive international licensing agreement with Dr. David Platt for the clinical development and further commercialization of a galectin inhibitor that could potentially treat COVID-19. A presentation of this technology will soon be available. With this agreement, the Company will pay a $5,000 down payment on the licensing fee to Dr. Platt by April 20, 2020. Future milestone payments of up to $4.0 million are due after; the first sample of GMP material, enrollment of the first patient in a Phase 1 trial, and an NDA approval in the U.S. Royalties will range from 15 – 25 percent based on the amount of royalties received.

BioXyTran, Inc. (BIXT), closed Monday's trading session at $0.25, up 92.3077%, on 630 volume with 3 trades. The average volume for the last 3 months is 50,423 and the stock's 52-week low/high is $0.136099994/$1.95000004.

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InnerScope Hearing Technologies, Inc. (INND)

NetworkNewsWire, BioSpace, Spotlight Growth, Street Insider, Stock Day Media, Morningstar, Simply Wall St, Accesswire, Financial Buzz, Dividend Investor, OTC Markets, Stockopedia, GuruFocus, TradingView, TipRanks, InvestorsHub, PR Newswire, Seeking Alpha, Stockwatch, Stockhouse, Central Charts, YCharts and Insider Financial reported previously on InnerScope Hearing Technologies, Inc. (INND), and today we report on the Company, here at the QualityStocks Daily Newsletter.

InnerScope Hearing Technologies, Inc. is a consolidator of the hearing aid industry. Its direct-to-consumer model is transforming the industry with its Walmart.com, Sears.com, and Kmart.com relationship representing a paramount shift in the consumption of hearing aids by the hearing impaired. The Company formerly went by the name Innerscope Advertising Agency, Inc. It changed its corporate name to InnerScope Hearing Technologies, Inc. in August of 2017. Incorporated in 2012, InnerScope Hearing Technologies is headquartered in Roseville, California.

In essence, InnerScope Hearing Technologies is a manufacturer and Direct-to-Consumer (DTC) distributor/retailer of FDA-Registered Hearing Aids, Personal Sound Amplifiers Products, (Hearing Products) Hearing Related Treatment Therapies, Doctor-Formulated Dietary Hearing Supplements and proprietary CBD Oil (Hearing Health Products) (collectively its Hearing Product Portfolio). Furthermore, the Company plans to continue to open, acquire, and operate a physical chain of audiological and retail hearing aid clinics. Its mission is to serve approximately 1.2 billion people globally that are suffering with 25db or greater hearing loss across the entire hearing impaired vertical from research and development (R&D) and manufacturing through direct consumer sales and services.

Moreover, Innerscope has expertise and is a leader in the distribution of Direct-to-Consumer hearing products through big box retailers. The Company is a technology driven business with highly scalable B2B (Business to Business) and B2C (Business to Consumer) solutions. Innerscope offers a B2B SaaS based Patient Management System (PMS) software program. In addition to improving operations and communication with patients, the Company will also provide a Buying Group experience for the audiology practice. This enables owners to lessen product costs and boost their margins.

InnerScope Hearing Technologies has its HearingVite™. The Company’s HearingVite™ is a Doctor-Formulated dietary hearing supplement plus multi-vitamin for maintaining proper hearing health. HearingVite™ was expressly designed to provide "Nutrition for the Ears" to help people with hearing problems and to help avoid future hearing issues.

Recently, InnerScope Hearing Technologies announced that its complete line of Doctor-Formulated "Nutrition for the Ears" Dietary Hearing and Tinnitus Supplements can be purchased on Amazon.com and Amazon Prime. The Company’s complete line of Doctor-Formulated Hearing & Tinnitus Supplements include HEARINGVITE™, HEARINGVITE™ + MEMORY BOOST, and EAR-RING RELIEF™.

HEARINGVITE™ is formulated as a complete daily multi-vitamin and mineral supplement to help almost 50 million people in the United States with hearing problems through maintaining the levels of vitamins, minerals and nutritional supplements that medical research indicates may slow the progression of age-related hearing loss. HEARINGVITE™ + MEMORY BOOST is specifically designed and formulated for people age 50 years and above to increase memory and cognitive function for normal age-related memory loss. EAR-RING RELIEF™ is designed specifically to lessen ringing, hissing and buzzing noises in the ears of the 60 million Americans who struggle with those constant or recurring noise in the ears that ranges from irritating to debilitating (Tinnitus Sufferers).

InnerScope Hearing Technologies, Inc. (INND), closed Monday's trading session at $0.00015, up 50.00%, on 30,430,717 volume with 21 trades. The average volume for the last 3 months is 76,510,350 and the stock's 52-week low/high is $0.000000999/$0.039.

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All For One Media Corp. (AFOM)

OTC Markets, MarketWatch, Global Energy Media, Central Charts, Simply Wall St, Pink Investing, Stock Digest, Penny Stock Tweets, Street Register, Stockhouse, Financial Content, Emerging Growth, The Street, Market Exclusive, InvestorsHub, Capital Network, Proactive Investors, and Barchart reported earlier on All For One Media Corp. (AFOM), and today we choose to report on the Company, here at the QualityStocks Daily Newsletter.

All For One Media Corp. is a tween marketing company listed on the OTC Markets’ OTCQB. Named “Generation I” for "Internet," this generation's tweens represent the first demographic to have had only known life with the Internet and social media. Essentially, All For One Media is a marketing brand changing the mindset of tweens that bullying is unacceptable. All For One Media has its head office in Mount Kisco, New York.

The Company is working to make the transition from a development stage corporation creating and acquiring media assets to a content provider launching many initiatives marketed to its core tween demographic. Its goal is to capitalize on a broad variety of potential revenue streams.

All For One Media, through entertainment, is working to deliver a message that will resonate with kids to impact the epidemic of bullying and cyber-bullying. In addition, it is working to help individuals who have been affected by bullying to deal with it in a positive and constructive manner.

All For One Media has produced Drama Drama (f/k/a "Crazy For the Boys"). Drama Drama is a full length coming of age musical dramedy. It features Groovy Tuesday music and choreography. This film tells the story of five high school girls from five very different cliques who must work together to run their school’s anti-bullying organization. The film features original pop songs pertaining to peer pressure, unrequited love, and teen angst. The expectation is that Drama Drama will generate revenues from numerous sources.

The Company has completed production of Drama Drama. It has started to screen the movie for buyers. Moreover, it engaged William Morris/Endeavor Content (WME) as the exclusive sales agent for the film. WME represents artists across all media platforms, particularly movies, television, music, theatre, digital and publishing.

All for One Media is making plans to commence group activities for the launch of the band "Drama Drama" concurrent to the release of the movie. The release of a full-length film used to promote the launch of a pop group is an industry first. The Company has also started negotiations with a number of major record labels for distribution of the film soundtrack.

All For One Media Corp. (AFOM), closed Monday's trading session at $0.00015, up 50.00%, on 51,545,885 volume with 49 trades. The average volume for the last 3 months is 32,325,971 and the stock's 52-week low/high is $0.000000999/$0.0247.

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IGEN Networks Corp. (IGEN)

NetworkNewsWire.com, MarketWatch, InvestorsHub, Marketwired, OTC Markets, Information Vine, Business Insider, Stock Press Daily, The Street, and Barchart reported on IGEN Networks Corp. (IGEN), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.

IGEN Networks Corp. is a foremost innovator of cloud-based and Internet of Things (IoT) automotive solutions for the protection and management of mobile assets. The Company provides peace-of-mind to automotive consumers and their families via direct access to IoT cloud-based services, which include Stolen Vehicle Protection, Real-time updates on asset health and Driver Behavior. OTCQB-listed and incorporated in 2006, IGEN Networks has its head office in Murrieta, California.

The Company provides vehicle tracking and recovery solutions to the automotive dealership industries in the U.S. IGEN Networks serves the automobile industry through vehicle security services, lot management services, and driver behavior services.

IGEN Networks enables automotive dealer channels to provide new products, create additional revenue streams, as well as keep their customers. The Company provides peace-of-mind to consumers through providing direct access to vehicle status and driver behavior. The Company also enables insurance companies to decrease their rating errors through offering consumers discounted premiums in return for access to vehicle and driver behavior data.

This past October, IGEN Networks announced the launch of Medallion GPS™. Medallion GPS™ is a new, easily installed, direct-to-consumer solution. It combines vehicle agnostic hardware with cloud based smartphone software. This system provides automotive aftermarket customers with a new standard in stolen vehicle recovery support, vehicle systems alerts, driver behavior monitoring and GPS tracking capabilities, in addition to other features.

In November, IGEN Networks announced the filing of its Q3 2017 financial results. The Company increased year-to-date Revenue 26 percent to 1.04 million, boosted by growing adoption of its mobile asset tracking platforms. It grew the subscriber base 264 percent year-over-year, to over 31,000 assets at September 30, 2017.

IGEN increased deferred revenue 146 percent, to $182,000. The Company increased gross margin to 39.2 percent through the first nine months, versus 36.8 percent in the previous year period. It reported a Net Loss of $662,000 year-to-date, excluding stock based compensation expenses, versus $551,000 in the previous year nine-month period.

IGEN Networks Corp. (IGEN), closed Monday's trading session at $0.006195, up 44.0698%, on 114,986,700 volume with 1,185 trades. The average volume for the last 3 months is 66,595,327 and the stock's 52-week low/high is $0.0005/$0.087499998.

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Provision Holding, Inc. (PVHO)

GrowthPennyStocks, Penny Stock General, Shiznit Stocks, HotStockProfits, PennyDoctor, Stock Beast, RedChip, PennyStockLocks.com, Epic Stock Picks, Equity Observer, Value Penny Stocks, Wolf of Penny Stocks, Small Cap Firm, OTCMagic, MicroCapDaily, and StockRockandRoll reported on Provision Holding, Inc. (PVHO), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Provision Holding, Inc., by way of its subsidiary, focuses on the development and distribution of intelligent interactive three-dimensional (3D) holographic display technologies, software, and integrated solutions for consumer and commercial centered application. These are chiefly for advertising and product merchandising markets. The Company’s initial line of display systems has proven to be ideally suited for indoor and outdoor point-of-sale (PoS), merchandising, and PoS related advertising venues. Provision Interactive Technologies, Inc. is a subsidiary of Provision Holding. Provision Holding is based in Chatsworth, California.

Provision’s products include HoloVision displays and 3D Savings Center kiosks. These enable advertisers and customers to reach captive audiences in grocery stores, malls, convenience stores, gas stations, banks, as well as other retail sites. The Company’s proprietary 3D holographic display technologies give advertisers first-rate ability to direct customized content to a target audience.

Provision's 3D holographic display systems represent a unique technology. This technology provides the projection of full color, high-resolution videos into space detached from the screen, without any special glasses. The Company has completed the development and prototype of its latest 3D holographic display system, the HL50.

The HL50 is its largest Holovision™ product. The design of it is for exhibitions and special events. The HL50 uses Provision Interactive Technologies’ patented and award-winning 3D holographic technology. It comes complete. This includes a media player and the Company’s proprietary software, HoloSoft™. The HL50 can project visually stunning 3D holographic videos, detached from the screen, floating in space more than 40 inches outward.

Recently, Provision Interactive Technologies announced that the Company entered into a multi-year partnership agreement with Discount Drug Mart, Inc. This partnership agreement is to install Provision’s proprietary 3D Savings Center kiosks inside Discount Drug Mart stores. The agreement represents the next major retail partnership for Provision.

Prosperity Investments, under its Joyful ATM brand, has entered into an agreement with Provision Interactive Technologies to integrate its 3D holographic display and coupon redemption platform into Joyful ATMs to boost in-store engagement and purchases at point-of-sale (PoS).

Greater than 48,000 Joyful ATM units are planned to undergo deployment across the U.S. and in another 68 countries over the next 72 months, at locations including banks, retailers, convenience stores, gas stations, and government buildings. Via the partnership, the ATMs will project 3D holographic advertising messages to attract customers to the unit. Upon the customer approaching the unit, they can redeem coupons for the advertised products that can be used right away, driving enhanced PoS activity.

Provision Holding, Inc. (PVHO), closed Monday's trading session at $0.0049, up 53.125%, on 9,597,235 volume with 225 trades. The average volume for the last 3 months is 3,618,971 and the stock's 52-week low/high is $0.0006/$0.014.

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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 (NASDAQ: WRTC), an innovator of modern policing solutions, today announced a new initial order of BolaWrap products and accessories. According to the update, the European order represents the third major country in Europe to purchase BolaWrap products in the last eight months. To view the full press release, visit http://nnw.fm/9TwIV

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 Monday's trading session at $8.66, up 7.5776%, on 3,323,009 volume with 16,310 trades. The average volume for the last 3 months is 737,830 and the stock's 52-week low/high is $3.06999993/$10.00.

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Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR)

The QualityStocks Daily Newsletter would like to spotlight Energy Fuels Inc. (UUUU).

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the largest uranium mining company in the United States, today announced that its president and CEO, Mark Chalmers, has been featured in an exclusive audio interview with NetworkNewsWire (“NNW”), a financial news and content distribution company and one of 45+ brands in the InvestorBrandNetwork (“IBN”). During the interview, Chalmers discussed Energy Fuels’ unique competitive advantages in the mining and production of uranium, vanadium and rare earth minerals, as well as the company’s recent milestones and operational goals for the balance of 2020. To view the full press release, visit http://nnw.fm/3FQku

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), based in Lakewood, Colorado, is the country’s largest producer of uranium and the leading conventional producer of vanadium, both designated by the U.S. government as critical minerals.

As the leading U.S. diversified uranium miner, Energy Fuels’ uranium production portfolio stands apart in the world. Energy Fuels has more uranium production facilities, more production capacity, and more in-ground resources than any other company in the United States. In fact, the company’s assets have produced over one-third of all U.S. uranium over the past 15 years and is uniquely positioned to increase production to meet new demand.

Energy Fuels utilizes both conventional and in-situ recovery (“ISR”) technology to produce uranium from three strategic facilities:

  • White Mesa Mill in Utah (conventional) has a licensed capacity of over 8 million pounds of U3O8 per year. The highly strategic White Mesa Mill is the only conventional uranium mill in the country and is proximate to some of the largest and highest-grade uranium mines and projects in the U.S., including the Company’s Canyon mine, La Sal Complex, Henry Mountains Complex and Roca Honda Project. White Mesa Mill provides Energy Fuels with significant production scalability as uranium demand increases. The White Mesa Mill also has other diverse businesses, including vanadium, rare earth elements (REE’s), alternate feed materials recycling and land cleanup, all described below.
  • Nichols Ranch Plant (ISR) is located in the productive Powder River Basin district of Wyoming and has a total licensed capacity of 2 million pounds of U3O8 per year. Nichols Ranch has produced 1.2 million pounds of U3O8 since commissioning in 2014, and it has significant future expansion potential from 34 fully licensed wellfields containing significant in-ground uranium resources.
  • Alta Mesa Plant (ISR) is located on over 200,000 acres of private land in Texas. The fully licensed and constructed ISR project has a total operating capacity of 1.5 million pounds of uranium per year and produced nearly 5 million pounds of U3O8 between 2005 and 2013. This low-cost production facility is currently on standby, maintained in a state of readiness to respond to expected increases in demand.

In addition to being the largest uranium miner in the U.S., Energy Fuels’ overall portfolio also includes a pipeline of high-quality, large-scale exploration and development projects that are permitted or are in advanced stages of permitting, as well as an industry-leading U.S. NI 43-101 Mineral Resource portfolio.

FACTOID: Energy Fuels has led industry efforts over the past two-plus years to get the U.S. government to recognize the importance of domestically produced uranium, including the 2018 – 2019 Uranium Section 232, the ongoing Nuclear Fuel Working Group and the recently announced creation of the U.S. strategic uranium reserve. The U.S. is by far the largest consumer of uranium in the world, yet we import almost all of our requirements; Energy Fuels aims to change that.

Nuclear Market Potential

Multiple studies in top scientific journals have shown that nuclear power is cleanest and most economical way to produce reliable electricity as worldwide demand continues to soar. Nuclear power is presently the only available and affordable low-carbon power source that can meet both current and future baseload electricity demands while simultaneously reducing air pollution and mitigating climate change. U.S. nuclear power plants currently generate nearly 20% of the nation’s electricity overall and 55% of its carbon-free electricity and even a modest increase in electricity demand would require significant new nuclear capacity by 2025. According to the World Nuclear Association (WNA), there are currently 441 operable reactors, with another 54 units under construction and 439 in various stages of planning; in addition, the WNA has identified a potentially massive supply/demand gap through 2040 of 1 billion pounds. These factors among others are expected to significantly drive increased demand for uranium.

Reasons Nuclear is Gaining Traction

  • Nuclear reactors emit no greenhouse gases during operation. Over their full lifetimes, they result in comparable emissions to renewable forms of energy such as wind and solar.
  • Unlike any other form of energy, the waste from nuclear energy is contained and managed securely. Used fuel is currently being safely stored for ultimate disposal or future reprocessing, and 96% of this waste can potentially be recycled.
  • Greater demand for clean electricity to power everything from homes to automobiles, reducing dependence on fossil fuels.

No. 1 U.S. Producer of Vanadium in 2019

Energy Fuels also produces vanadium as a byproduct of uranium production. Vanadium is designated a critical mineral, essential to the economic and national security of the United States. Energy Fuels was the largest producer of vanadium in the U.S. in 2019, and has significant high-grade, in-ground vanadium resources, as well as a separate high-purity vanadium production circuit at their White Mesa Mill, which is also the only conventional vanadium mill in the country. Crucial for use in the steel, aerospace, and chemical industries, vanadium plays a critical role in the production of high-strength and light-weight metallic alloys and demand is expected to increase across the globe.

Energy Fuels has several fully permitted and developed standby mines containing large quantities of high-grade vanadium, along with uranium, including:

  • La Sal Complex (Utah)
  • Whirlwind Mine (Colorado/Utah)
  • Rim Mine (Colorado)

Vanadium has also gained increased attention as a catalyst in next-generation high-capacity, “community-scale” batteries used for energy storage generated from renewable sources. Demand is only expected to grow as this market expands. With recent upgrades in its vanadium production operations, in 2019 Energy Fuels produced commercial levels of the highest purity (99.7%) vanadium in the mill’s history and can rapidly adjust production to meet volatile market conditions. Energy Fuels is one of the very few known avenues that provides investors access the vanadium market.

Rare Earth Element (REE) Production, Alternate Feed Material Recycling, and Land Cleanup

The White Mesa Mill also provides the company with diverse cashflow generating opportunities. Security of supply for Rare Earth Elements (REEs) supporting U.S. military and defense requirements is a major issue today. Energy Fuels has been approached by a number of entities, including the U.S. government, inquiring about the potential to process certain REEs at the mill. The White Mesa Mill is currently licensed to process certain REEs, including tantalum and niobium. And, early indications are that the mill can be utilized to produce several other REEs. The White Mesa Mill is also the only facility in North America licensed and capable of recycling alternate feed materials (AFMs). AFMs are essentially low-level waste materials that contain recoverable quantities of natural (or unenriched) uranium. The Company typically generates between $5 and $15 million per year from AFM recycling. Finally, Energy Fuels is seeking to become involved in the cleanup of legacy Cold War era uranium mines in the Four Corners region of the U.S., including on the Navajo Nation. The U.S. Environmental Protection Agency (EPA) has access to over $1.5 billion for the cleanup of just a fraction of the sites on the Navajo Nation. The White Mesa Mill is fully licensed to receive much of this material, we are one of the government’s lowest cost options, and we have the ability to recycle the material and produce usable uranium from it.

Management Team

Mark S. Chalmers, President and CEO
Mark S. Chalmers is the president and chief executive officer of Energy Fuels, a position he has held since Feb. 1, 2018, following his role as chief operating officer of Energy Fuels from July 1, 2016 – Jan. 31, 2018. From 2011 to 2015, Chalmers served as executive general manager of Production for Paladin Energy Ltd., a uranium producer with assets in Australia and Africa, including the Langer Heinrich and Kayelekera mines where, as head of operations, he oversaw sustained, significant increases in production while reducing operating costs. He also possesses extensive experience in in situ recovery (“ISR”) uranium production, including management of the Beverley Uranium Mine owned by General Atomics (Australia), and the Highland mine owned by Cameco Corporation (USA). Chalmers has also consulted to several of the largest players in the uranium supply sector, including BHP Billiton, Rio Tinto, and Marubeni, and until recently served as the chair of the Australian Uranium Council, a position he held for 10 years. Chalmers is a registered professional engineer and holds a Bachelor of Science in Mining Engineering from the University of Arizona.

W. Paul Goranson, COO
W. Paul Goranson is the chief operating officer for Energy Fuels. Goranson has 30 years of mining, processing and regulatory experience in the uranium extraction industry that includes both conventional and in-situ recovery (“ISR”) mining, and he is a registered professional engineer. Prior to the acquisition by Energy Fuels of Uranerz Energy Corporation, Goranson served as president, chief operating officer and director for Uranerz, where he was responsible for operations of the Nichols Ranch ISR Uranium Project. In addition to those duties, he also managed uranium marketing, regulatory and government affairs, exploration and land. Prior to joining Uranerz, Goranson served as president of Cameco Resources, where he led the operations at the Smith Ranch-Highland, Crow Butte and North Butte ISR uranium recovery facilities. Goranson also served as vice president of Mesteña Uranium LLC, and he has served in senior positions with Rio Algom Mining, (a subsidiary of BHP Billiton), and Uranium Resource Inc. Goranson has a Bachelor of Science in Natural Gas Engineering from Texas A&I University, and a Master of Science in Environmental Engineering from Texas A&M University-Kingsville.

David C. Frydenlund, CFO, General Counsel, Corporate Secretary
David C. Frydenlund is chief financial officer, general counsel, and corporate secretary of Energy Fuels. His responsibilities include oversight of all legal matters relating to the company’s activities. His expertise extends to NRC, EPA, state and federal regulatory and environmental laws and regulations. From 1997 to 2012, Frydenlund was vice president of regulatory affairs, general counsel and corporate secretary of Denison Mines Corp., and its predecessor International Uranium Corporation (“IUC”). He also served as a director of IUC from 1997 to 2006 and CFO of IUC from 2000 to 2005. From 1996 to 1997, Frydenlund was vice president of the Lundin Group of international public mining and oil and gas companies, and prior thereto was a partner with the Vancouver law firm of Ladner Downs (now Borden Ladner Gervais) where his practice focused on corporate, securities and international mining transactions law. Frydenlund holds a bachelor’s degree in business and economics from Simon Fraser University, a master’s degree in economics and finance from the University of Chicago and a law degree from the University of Toronto.

Curtis H. Moore, Vice President of Marketing and Corporate Development
Curtis H. Moore is the vice president of Marketing and Corporate Development for Energy Fuels. He oversees product marketing for Energy Fuels, and is closely involved in mergers & acquisitions, investor relations, public relations, and corporate legal. He has been with Energy Fuels for over 12 years, holding various roles of increasing responsibility. Prior to joining Energy Fuels, Moore worked in multi-family real estate development, government relations and public affairs, production homebuilding, and private law practice. Moore is a licensed attorney in the State of Colorado. He holds Juris Doctor and MBA degrees from the University of Colorado at Boulder, and a Bachelor of Arts dual degree in Economics-Government from Claremont McKenna College in Claremont, California.

 

Energy Fuels Inc. (UUUU), closed Monday's trading session at $1.58, up 1.2821%, on 1,699,034 volume with 5,996 trades. The average volume for the last 3 months is 1,624,146 and the stock's 52-week low/high is $0.779999971/$3.31999993.

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Sugarmade, Inc. (SGMD)

The QualityStocks Daily Newsletter would like to spotlight Sugarmade, Inc. (SGMD).

Sugarmade, Inc. (SGMD) was featured today in the 420 with CNW by CannabisNewsWire. For the past few decades, marijuana has been federally prohibited, and the infamous ‘War on Drugs’ has been responsible for tons of marijuana arrests and convictions. Even with multiple states legalizing cannabis in various capacities over the years, a large percentage of drug arrests are still marijuana-related. In 2018, four in ten arrests were marijuana-related, and around nine in ten of the arrests were for possession, not selling. One of the biggest arguments for legalizing marijuana has been to right these wrongs and ensure people with low-level marijuana convictions are not held back by their records again.

Sugarmade, Inc. (SGMD) is headquartered in Monrovia, California, where the company recognizes new opportunities in the cannabis delivery space and in the market for supplies to the quick-service restaurant industry – both of which have fast-changing dynamics due to the recent outbreak of coronavirus in the United States.

The Coronavirus Cannabis Boom Market

Retailers across the nation are closing their doors and curtailing operations due to the coronavirus pandemic, inherently pinching sales. In the California cannabis sector, however, business has never been better – especially relative to home delivery.

California’s cannabis industry continues to operate, and media reports reveal booming cannabis sales as the state’s citizens stay home to wait out current events. The Los Angeles Times recently published the headline, “Marijuana Sales on Fire amid Virus Outbreak; New York Post “Cannabis sales hit new highs”; USA Today “American Stock Up on Pot” Fox News “California marijuana sales surge”; and ABC News Cannabis Shops thrive in coronavirus pandemic.

The state of California benefits from the ultra-high taxes paid by the highly regulated cannabis industry, and has thus deemed cannabis companies as “essential” businesses, allowing for full operations to continue. While pot shops are seeing strong foot traffic, the real growth action is in-home delivery as consumers seek to embrace social distancing. Many delivery operators are reporting difficulty in meeting demand with sales growth of up to 10% sequentially each week. It is certainly a boom time for the industry.

Sugarmade Growth Strategy

Recognizing new investment and operational opportunities within California’s cannabis market, Sugarmade is strategizing to take advantage of opportunity specifically in delivery services (non-storefront retailer), manufacturing via co-branding, and selective genetic cultivation. The company is taking a highly selective approach, targeting only the best of these opportunities for company growth.

In line with this strategy is northern California delivery service Budcars, in which Sugarmade owns a 40% interest and an option to gain a controlling interest. Budcars connects consumers with premium products sourced from top-tier farms and extractors, offering a curated menu of fully compliant cannabis products. The company maintains a competitive advantage by sourcing premium cannabis offerings and same-day delivery. In addition to maintaining its own cars, California licenses, and fulfillment center, Budcar orders its premium products in bulk at lower prices, enabling the company to rein in costs and maintain competitive pricing for its customers. Currently serving major communities within the metropolitan area of Sacramento, Budcars plans to continue the expansion of the company’s delivery reach.

Sugarmade plans to continue its expansion into burgeoning new sectors of the cannabis market through the following avenues:

  • Geographic expansion of Budcars delivery scope
  • New delivery geographies
  • Cannabis cultivation as a key component of a hybrid vertical integration strategy
  • Product technology expansion—including products containing exotic and lesser-known cannabinoids

 

Diversified Portfolio

Sugarmade has positive market exposure to cannabis delivery, as well as to the restaurant industry, at a time when these businesses are being force to move toward take-out and delivery models in order to survive.

The company has various business operations in diverse marketplaces, including food, safe packaging and sanitary supplies for various industries, and agricultural supplies. Sugarmade entered the industrial hemp and CBD space by investing in Hempistry, Inc., a privately held Nevada corporation. Hempistry began planting an ultra-high cannabidiol (CBD) industrial hemp strain on a land option it holds on 5,000 acres of prime Kentucky farmland. The strain of industrial hemp being grown by Hempistry is ultra-rich in CBD but contains less than 0.3% of THC, the psychoactive ingredient found in cannabis.

CarryOutSupplies.com, the leader in paper and plastic take-out supplies, serves nationwide customers by offering a wide array of high-quality products that are cost-efficient, custom-made and delivered on time. This business unit currently serves 2,000 quick service restaurants, garnering from 30%-40% of the market share. Sugarmade plans to expand operations via the addition of market share and the introduction of new product offerings.

Market Opportunity

There is little doubt among industry participants, and recently confirmed by Forbes, that California is the single largest cannabis market in the world. The state is expected to produce more than $3.5 billion in cannabis sales during 2020, with growth topping 23% annually. The global industrial hemp market size was estimated at $4.71 billion in 2019 and is expected to register a revenue-based CAGR of 15.8% over the forecast period of 2016-2027, according to Grandview Research. Market growth drivers include the 2018 Farm Bill and society’s increasing knowledge of the benefits of hemp products.

Overall industry growth is great, but specific vertical sector growth is even better. Cannabis delivery is clearly the fastest growing sector of the marketplace and with coronavirus fears the already robust growth rate has accelerated.

Sugarmade seems to be in the right industry at the right time in history.

Management

CEO Jimmy Chan is an experienced business executive instrumental in growing multiple business operations with a strong expertise in international trade and banking, and international manufacturing and importation. He is also the founder of CarryOutSupplies.com, a company that revolutionized the custom-printed paper supplies subsector of the quick-service restaurant industry, which merged with Sugarmade in 2014.

Dedicated to getting the highest caliber of THC and CBD to its customers’ door, the company’s priority is to ensure that they receive the highest quality cannabis product free from logistical hassles. Sugarmade specializes in growing and acquiring innovative brands to maximize value for company employees, shareholders and other stakeholders. Sugarmade believes its future is very bright as the company expands operations within the cultivation sector and rapidly increases its revenue base.

Sugarmade, Inc. (SGMD), closed Monday's trading session at $0.00271, up 23.1818%, on 68,533,776 volume with 436 trades. The average volume for the last 3 months is 27,637,281 and the stock's 52-week low/high is $0.001599999/$0.045000001.

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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. (MEDS) an integrated drug procurement, delivery and healthcare platform, announced today that management will deliver a virtual presentation on Wednesday, June 24, 2020 at 11:30 a.m. Eastern time. Date: Wednesday, June 24, 2020
Time: 11:30 a.m. Eastern time (8:30 a.m. Pacific time)
Dial-in: 1-877-425-9470
International Dial-in: 1-201-389-0878
Conference Code: 13705066
Webcast: http://public.viavid.com/index.php?id=140219

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 Monday's trading session at $6.56, up 0.152672%, on 30,110 volume with 238 trades. The average volume for the last 3 months is 125,717 and the stock's 52-week low/high is $3.23399996/$11.6000003.

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Pressure BioSciences Inc. (PBIO)

The QualityStocks Daily Newsletter would like to spotlight Pressure BioSciences Inc. (PBIO).

The growing demand for wellness and health products with a rising rate of diseases has increased the demand for hand sanitizer market. The demand for hand sanitizers seem to be ever increasing, with the global health crisis growing rapidly across the globe. With the outbreak of the global pandemic, the need for hand sanitizers has quadrupled and an increase in the overall growth of 16x from December 2019 to March 2020. Pressure BioSciences recently announced that its merger partner SkinScience Labs, Inc. has received an initial $3.5 million dollar order for its newly developed, premium, dermatological hand sanitizer product.

Pressure BioSciences Inc. (PBIO) develops, markets and sells proprietary laboratory instrumentation and associated consumables to the life sciences sample preparation market. Sample preparation refers to the wide range of activities that precede most forms of scientific analysis. It is often complex and time-consuming, yet a critical part of scientific research. The market for sample preparation products is currently estimated at $6 billion worldwide.

The Company’s product line can be used to exquisitely control the sample preparation process. It is based on a patented, enabling technology platform called pressure cycling technology (“PCT”). PCT uses alternating cycles of hydrostatic pressure between ambient (14.5 psi) and ultra-high levels (up to 100,000 psi) to safely and reproducibly control critical biological processes, such as the lysis (breakage) of cells, the digestion of proteins, and the inactivation of pathogens.

Pressure BioSciences’ product line is led by its newly released, next-generation Barocycler 2320EXTREME instrument. Named a finalist in the prestigious 2017 R&D Awards (also known as the “Oscars of Innovation”), the Barocycler 2320EXT is already being touted by some key opinion leaders as an essential element of the $1.8 billion U.S. “Cancer Moonshot” program. For example, Professor Phil Robinson, Co-head of the cancer research center of the Children’s Medical Research Institute (Sydney, Australia), said in a recent interview: “We are collecting the whole proteome on 70,000 tumor samples from all classes where complete clinical outcome is known. Due to its unique capabilities, the Barocycler 2320EXT has become a critical part of our program. It is the primary enabler of the high-throughput component of the project. Without this step, our project simply could not be done. In fact, the Barocycler 2320EXT works so well we have just purchased two more.”

Momentum is building when it comes to the potential for using the Company’s unique PCT technology platform. Leading scientists are intrigued by Pressure BioSciences’ approach, which among other attributes, revolutionizes the process of rupturing cells (lysis) for further study, yielding superior biomolecules for investigation. The Company’s technology transcends current methods of breaking open cells, which use chemicals, blades, metal beads, or other damaging and altering methods that can ultimately adversely affect the result for researchers. Pressure BioSciences’ PCT technology utilizes customized, controlled hydrostatic (water) pressure to rupture cells in a chamber, enabling exquisitely customized levels of pressure to optimally break open different types of cells at prescribed pressure levels—something never before accomplished in a commercial setting. Using this pioneering method, the result is a truer, more legitimate sample, which boosts the efficacy of research and the quality of results. The potential impact of this technology on scientific advancement is enormous, enabling research scientists to begin their studies with biological samples of unprecedented integrity, with the potential to improve research outcomes at the earliest, most critical step. PCT can additionally inactivate pathogens (e.g., viruses, bacteria) using hydrostatic pressure, making the samples safer to study—another innovation with astronomical potential for application in a variety of markets.

The Company’s high-pressure instruments for research purposes are marketed throughout the United States, Europe, China and Japan. To date, Pressure BioSciences has installed nearly 300 PCT Systems in over 165 leading academic, government, biotech and pharma laboratories around the world. Its primary applications are in biomarker discovery, forensics, agriculture and pathology. Over 100 scientific papers have been published on the advantages of the PCT platform, which is also being used in the specialized fields of drug discovery and design, bio-therapeutics characterization, soil and plant biology, vaccine development and histology.

Impressive as their biotech business is, there is more to the PBI story. Pressure BioSciences recently received two patents in China for its novel Ultra Shear Technology (UST), a process that has potential in a wide range of industrial applications, including extending the shelf life of some food products and making two insoluble liquids (like oil in water) soluble. Patents have also been filed in many other countries worldwide. UST is a novel technique based on the use of intense shear forces generated from ultra-high-pressure valve discharge.

This important technology has the potential to play a significant role in a number of commercially important areas through its ability to create high-quality, stable nanoemulsions. Scientific studies indicate that improved absorption, higher bioavailability, greater stability, lower surfactant levels and other advantages can be achieved with nanoemulsions – all hugely important factors in the fields of nutraceuticals, cosmetics, pharmaceuticals, and in various medical products. There is an enormous opportunity in the cannabis market, since the technology can potentially reduce oil droplets containing cannabidiol (CBD) to nanoparticles, after which they can be safely suspended in a stable water solution—something many companies have endeavored to achieve without success. Researchers looking for a way to increase the bioavailability of cannabinoids in the body will find this technology a game changer.

The Company’s UST technology also has possibilities in the production of clean label foods, which are currently processed using several innovative methods, including high-pressure treatments (such as Starbucks’ Evolution line of juices). In 2015, the worldwide market for high-pressure processed (HPP) food was estimated at U.S. $10 billion. UST uses ultra-high pressures and certain valves to generate intense shear forces under controlled temperature conditions to produce nanoemulsions, and which also significantly reduces food-borne pathogens. Pressure BioSciences’ initial focus with this technology will be to evaluate UST for the production of high-quality dairy products and beverages.

Pressure BioSciences Inc. (PBIO), closed Monday's trading session at $2.45, off by 8.5821%, on 8,774 volume with 47 trades. The average volume for the last 3 months is 16,823 and the stock's 52-week low/high is $0.600600004/$4.48999977.

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SRAX Inc. (NASDAQ: SRAX)

The QualityStocks Daily Newsletter would like to spotlight SRAX Inc. (NASDAQ: SRAX).

SRAX (NASDAQ: SRAX), a digital marketing and consumer data management technology company, today announced the launch of Sequire - the mobile app for its investor intelligence and communications platform. According to the update, Sequire is now available as a free download on the App Store and Google Play and includes the same great features as the desktop application, such as insights on public companies’ retail and institutional investors, level 2 trading data, and more. To view the full press release, visit http://nnw.fm/Qoa8H

SRAX Inc.'s (NASDAQ: SRAX) is a digital marketing and consumer data management technology company. SRAX’s technology unlocks data to reveal brands’ core consumers and their characteristics across marketing channels.

Through its BIGtoken platform, SRAX has developed a consumer-managed data marketplace where people can own and earn from their data, thereby providing everyone in the internet ecosystem choice, transparency and compensation.

SRAX’s tools deliver a digital competitive advantage for brands in the CPG, automotive, investor relations, luxury and lifestyle verticals by integrating all aspects of the advertising experience, including verified consumer participation, into one platform.

SRAX Verticals

  • SRAX Core: SRAX Core is a custom digital media management platform that enables brands and agencies to surpass the challenges of omnichannel marketing campaigns. It offers one comprehensive dashboard to manage digital media campaigns, inventory and reporting.
  • SRAX Social: SRAX Social is a free social media management tool that makes it easy for brands, agencies and individuals to grow their digital presence. It offers free and unlimited users, Facebook auto boosting, and a custom analytics dashboard. Its managed services team can also build and execute marketing plans for your unique specific needs.
  • SRAX IR: SRAX IR unlocks stock buyers’ behaviors and trends for issuers of publicly traded companies. The platform provides insights on shareholders and market makers, investor relations management, shareholder outreach tools and data-driven marketing.
  • SRAX Auto: SRAX Auto unlocks auto intenders’ data to create measurable connected experiences on the road to purchase. It offers proprietary auto intender profiles, multi touchpoint communication and custom location-based ads.
  • SRAX Shopper: SRAX Shopper delivers a cross channel, premium digital experience at scale to high value shopper audiences. It offers proprietary shopper profiles, cost per click pricing, and custom text and add to cart ad units.
  • SRAX Lux: Launched in June 2019, the SRAX Lux platform targets and reaches luxury consumers at luxury retail stores, high-end art, music, film, fashion and sports events, across all consumer devices.

BIGtoken

BIGtoken, available for download on the App Store and Google Play, revolutionizes data collection. BIGtoken is a platform that creates a secure and transparent environment for consumers to own and earn from their data. To date, there are 15.9 million BIGtoken registered users worldwide.

The optimization and monetization of data is a multibillion-dollar business. Worldwide spending on big data and business analytics solutions reached $166 billion in 2018 and is projected to surge to $260 billion by 2022. BIGtoken’s consumer vision is committed to delivering choice, transparency and compensation to the individual.

Through BIGtoken, consumers earn rewards when they opt into sharing their data and when that data is purchased. Consumers decide what data is shared, who can buy it and how it’s used, and advertisers reach real, responsive audiences. The benefit of this is two-fold: consumers know how their data is used and advertisers gain verified consumer data for targeting.

Users of the BIGtoken app can officially be paid in cash or gift cards in exchange for giving brands access to their anonymized data, answering questions, checking into locations, recruiting new members, and more. Users can deposit their earnings directly into PayPal accounts or be paid through gift cards from favorite retailers such as Walmart.

SRAX has also partnered with several high-profile, nonprofit associations to provide BIGtoken users the ability to donate their earnings. Partnerships include the American Heart Association, dedicated to fighting heart disease and stroke; HealthCorps, which helps high school students make better choices about health and physical fitness; and the ALS Association, which recently launched its Challenge Me campaign.

International Expansion

BIGtoken is formally launching into several international markets and partnering to foster local support. SRAX recently signed a joint venture with the Yash Birla Group to launch BIGtoken in India. Based in Mumbai, the Yash Birla Group, one of India’s largest conglomerates, has diversified interests in consumer and industrial products.

The partnership will bring BIGtoken’s platform to India, which has a digital population of 627 million. The India digital advertising market is $3.6 billion and is set to grow at a compound annual growth rate of 32%, making it one of the largest growing digital ad markets in the world.

SRAX Mexico is led by Moe Avitia, who has more than 18 years of experience in business development and building high-tech teams. SRAX Mexico includes a team of 90 employees, including 70 engineers.

BIGtoken Europe is currently evaluating data centers in individual countries for privacy laws.

Leadership

Christopher Miglino is CEO and founder of SRAX. He has spent the past 20 years working in the digital advertising space and has successfully launched and sold two internet companies. Both of these companies were sold to publicly traded companies on the NASDAQ. He has a detailed understanding of how technology interacts with brands.

Kristoffer Nelson is COO of SRAX and a founding member of BIGtoken. With over 15 years of technology and creative business experience, Nelson has been a guest speaker for Loyola Marymount University among other academic institutions, the National Association of Broadcasters, the IAB and numerous other professional and media organizations.

SRAX Inc. (NASDAQ: SRAX), closed Monday's trading session at $1.91, off by 1.5464%, on 51,601 volume with 224 trades. The average volume for the last 3 months is 54,225 and the stock's 52-week low/high is $1.04999995/$5.63000011.

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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 (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496), a human optimization sciences company with an emphasis on ketamine and psychedelic medicine, on Friday provided a corporate update. Since commencing trading on March 2, 2020, the Company has expanded its initiatives and rapidly executed on such initiatives to position it as a leading publicly traded psychedelic medicine company developing novel rapid onset treatments for depression, post-traumatic stress disorder (“PTSD”), and substance-use disorders (“SUD”) via the clinical delivery of ketamine and ketamine-derivatives. To view the full press release, visit http://cnw.fm/dIfT5

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 Monday's trading session at $0.7482, off by 8.7561%, on 670,105 volume with 430 trades. The average volume for the last 3 months is 624,515 and the stock's 52-week low/high is $0.221/$1.74.

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

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

Canada-based Exro Technologies (CSE: XRO) (OTCQB: EXROF), one of the world’s proven leaders in the innovation and manufacturing of electric motors, announced that it has signed a deal with Clean Seed Capital, an agricultural company renowned for the development and implementation of highly advanced seeding and planting platforms (http://nnw.fm/Gf4Bw). The agreement will integrate Exro’s technology into Clean Seed’s high-tech agricultural seeder and planter platforms, advancing the electrification of the world’s heavy-farm equipment. Also today, the company announced that it has initiated a collaboration agreement with Zero Motorcycles to evaluate Exro's patented coil drive technology using Zero's SR/S powertrain platform. Zero offers electric-powered motorcycles that are optimized with the revolutionary Z-Force powertrain, which uses specially designed components to minimize weight, size and complexity, thereby enabling lightweight, efficient and superior performance. To view the full press release, visit http://nnw.fm/xZ62m

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 Monday's trading session at $0.60, off by 2.1686%, on 936,118 volume with 283 trades. The average volume for the last 3 months is 282,776 and the stock's 52-week low/high is $0.124389998/$1.14999997.

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PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA)

The QualityStocks Daily Newsletter would like to spotlight PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA).

PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) today announced that it is preparing to launch its Driveaway consumer app across the United States to enable consumers to buy and sell vehicles in virtual auctions. Per the update, the Driveaway app is part of PowerBand's ground-breaking virtual transaction platform, which will allow consumers to buy sell, lease and trade vehicles from smart phones and other digital devices from any location. To view the full press release, visit http://nnw.fm/ahV8i

A Better Way to Connect and Acquire Vehicles

PowerBand’s mission is to create an online, consumer-directed marketplace that streamlines the interactions among all participants in the automotive industry. It transforms today’s antiquated business model with speed, transparency, access to information and ease of use for consumers and dealers.

Consumers can easily connect with new sources to buy vehicles, network with motivated buyers and sellers, maximize their trade-in values, improve their customer experience. PowerBand’s standardized system and transaction process also increase efficiencies and benefits with hands-on, process-driven, in-store training and support.

Through internal development, acquisitions, joint ventures and strategic partnerships, PowerBand is developing solutions for consumers, dealers, manufacturers, commercial customers and lenders that are poised to transform the trillion-dollar U.S. automotive industry.

The PowerBand Auto Platform

PowerBand’s transaction platform was developed by a team of experienced automotive, technology and finance experts, and has been refined through years of operational experience. Built on the core belief that the consumer prefers to primarily conduct automotive transactions online and avoid interactions with unnecessary middlemen, PowerBand’s product solutions include:

  • Leasing: PowerBand is currently licensed in 33 U.S. states via a majority interest in MUSA Auto Finance LLC, an advanced online leasing technology platform that has transformed the new and used vehicle leasing industry. A partnership with Tesla was recently finalized, making MUSA the only approved, non-captive lease partner for Tesla in the U.S.
  • Inventory and Financing: A partnership with RouteOne LLC, a leading financial platform founded in 2002 by Ally Financial, Ford Motor Credit Co., TD Auto Finance and Toyota Financial Services, allows access to a network of more than 18,000 dealerships and 1,400 financing sources.
  • Auction Platform: PowerBand and its joint-venture partner, D2D Auto Auctions, are developing a direct consumer-to-dealer and a consumer-to-consumer automotive portal, which will provide an innovative alternative to physical dealership and auction locations.
  • LiveNet Auction: An online platform portal that allows dealers to create instant live vehicle auctions to a vast network of the industry’s top used vehicle buyers.
  • MarketPlace Auction: An online listing auction site for buying and selling automotive inventory – ideal for dealers, fleet, OEM and rental companies.
  • Used Vehicle Inspections: An LOI agreement with TÜV NORD Mobility Inc., a German-based global leader in vehicle inspections operating in more than 70 countries, will provide the most comprehensive, certified vehicle inspection reports available in North America. Appointments booked within the platform can be performed nearly anywhere.
  • Product Development: PowerBand’s comprehensive consumer solution, Driveaway, will be a fully transactional consumer marketplace where dealers and consumers can buy, sell, trade-in and finance vehicles, often in seconds, from the comfort of their home.

Automotive’s Growing Markets

The automotive dealership and commercial fleet vehicle auction industry is a $100-billion sector with more than 40 million used vehicles transacted in the U.S. each year. Of those, ten million are sold through auctions. From 2013 to 2017, the growth of online-only auctions far outpaced physical auctions, growing at a 33% compound annual growth rate compared to 2% CAGR at physical auctions.

Automotive leasing is another large, growing and fragmented market, generating approximately $120-billion in annual revenue. As a percentage of vehicle sales, leasing reached 30% in 2018, up from 21% in 2012, and is seen as a substantial opportunity for PowerBand and MUSA Auto Finance. Using proprietary technology and by focusing on high-quality, credit-worthy customers, MUSA grew its automotive lease originations to $182 million.

Disrupting Auto Leasing with MUSA

Legacy solutions are complicated, expensive and slow at processing leases. MUSA’s first-of-its-kind technology platform eliminates third-party decisions and the human capital required in the underwriting process. MUSA’s platform navigates the entire customer experience – underwriting, funding and the delivery process – within minutes. Leases can be approved in seconds.

PowerBand’s acquisition of MUSA brings together two leading-edge companies with the vision to become a one-stop platform for the entire vehicle purchase lifecycle.

Experienced Leadership

PowerBand is led by a collection of automotive veterans with a passion to collectively and positively impact the industry.

  • Kelly Jennings, president and CEO, is the founder of PowerBand Solutions and a franchise dealer owner/operator with more than 27 years of automotive experience. Jennings received General Motor’s Triple Crown Award, Ford Motor Company President’s Award and Honda Canada’s Excellence Award.
  • Darrin Swenson, COO of PowerBand and D2D Auto Auctions/Hunt Automotive Group, has more than 25 years of automotive/auction experience.
  • Jeff Morgan, CEO MUSA, holds over 25 years of experience in the auto finance sector.

 

PowerBand Solutions Inc. (OTCQB: PWWBF), closed Monday's trading session at $0.165, off by 4.0698%, on 209,100 volume with 18 trades. The average volume for the last 3 months is 70,539 and the stock's 52-week low/high is $0.038600001/$0.230000004.

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Kingman Minerals Ltd. (TSXV: KGS)

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

With gold currently topping the list of “safe-haven” investment assets, 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, is positioned to profit through a new drill campaign in Mohave County, Arizona. Located in the Music Mountains region, the Mohave Project is comprised of 20 lode claims that include the historic past-producing Rosebud Mine, allowing the company to benefit from the cost efficiencies of revitalizing an already established exploration site.

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 Monday's trading session at $0.075, off by 11.76%, on 193,000 volume with 8 trades. The average volume for the last 3 months is 69,986 and the stock's 52-week low/high is $0.075/$0.22.

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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 (OTC: MVES) is a vertically integrated motion picture production and distribution company that engages in the acquisition, development, production and distribution of independent motion picture content for worldwide consumption with a focus on video on demand (“VOD”), foreign sales and various media devices. In tune with the recent release of the company’s corporate overview, President and CEO Gordon Scott Venters outlined several significant milestones the company has achieved as it continues expansion of its vertically integrated film production and distribution architecture that utilizes over-the-top (“OTT”) distribution platforms and blockchain technology.

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 Monday's trading session at $0.007, off by 6.6667%, on 333,726 volume with 40 trades. The average volume for the last 3 months is 124,192 and the stock's 52-week low/high is $0.006099999/$0.07.

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SinglePoint, Inc. (SING)

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

SinglePoint Inc. (OTCQB: SING) Greg Lambrecht showcases and explains the latest point of sale display for 1606. This product is a tobacco and nicotine free product created for individuals looking for an alternative to traditional smoking. https://www.youtube.com/watch?v=W8ALQIwEZ-k

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 Monday's trading session at $0.0049, off by 1.0101%, on 2,629,574 volume with 67 trades. The average volume for the last 3 months is 5,605,088 and the stock's 52-week low/high is $0.004/$0.021999999.

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Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF)

The QualityStocks Daily Newsletter would like to spotlight Petroteq Energy Inc. (PQEFF).

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, on Friday announced the execution of shares for debt agreements, pursuant to which it will issue an ‎‎aggregate of 7,064,864 common shares in satisfaction of US$389,712 (including accrued interest) of indebtedness currently owed to six ‎arm’s ‎length creditors. According to the update, the Company determined to satisfy the indebtedness with common shares in order to ‎‎preserve its cash for use on its extraction technology in Asphalt Ridge, Utah, as well as for working ‎capital. To view the full press release, visit http://nnw.fm/2Pip6

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) is a Canadian-registered, publicly traded company engaged in the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. The company is focused on oil sands exploration and production on mineral leases in Vernal, Utah, and in expanding production capacity at its Asphalt Ridge heavy oil extraction facility in Utah.

Petroteq Energy’s patent-pending application is a closed-loop, solvent-based process, which results in significantly lower per-barrel production costs than those incurred with traditional hot water-based oil sands extraction technologies. This green technology utilizes a small, modular footprint, produces no greenhouse gases, requires no high temperatures, leaves only clean dry sand, and could be deployed to unlock heavy oil deposits located around the world.

The Company’s Asphalt Ridge mineral lease on 2,500-plus acres in northeastern Utah features a large contingent oil sands resource base with an estimated 87 million barrels of oil equivalent. In 2015, the company produced 10,000 barrels of oil from the Utah location and plans to increase production are underway. Utah holds over 32 billion barrels of undeveloped oil sands resources, which are also known as “oil-wet” deposits containing a mixture of sand and a dense, extremely viscous form of petroleum referred to as bitumen or tar. A recent upswing in developing domestic energy sources has intensified interest in technological advances such as Petroteq’s Clean Oil Recovery Technology (CORT) System.

The Company continues to evaluate the development of other medium to heavy oil exploration, production and recovery projects on a global basis through a variety of structured agreements. These opportunities or other arrangements with private and governmental entities that utilize Petroteq Energy’s proprietary licensed technologies are expected to generate a significant return on investment.

The Company’s management team, board of directors and officers form an invaluable cross-section of industry leaders with extensive experience ranging from chemical engineering and solvent research, business development, international project management, entrepreneurial achievements, and senior management for global energy companies in North America and the Middle East. This impressive knowledge base covers both conventional and unconventional oil and gas projects and production, both in upstream and downstream industry sectors.

Petroteq Energy is also participating in a blockchain initiative aimed at solving the global transaction needs of the oil and gas industry through the development of PetroBLOQ. PetroBLOQ recently joined the Enterprise Ethereum Alliance (“EEA”), the world’s largest open-source blockchain initiative. Membership with the 200-member EEA represents a wide variety of industries and offers 14 industry-focused, member-driven working groups.

“Joining this community of forward-looking enterprises and blockchain innovators is an important step for PetroBLOQ as we develop transformative solutions for the oil and gas industry,” said Petroteq Energy Chairman Alex Blyumkin.

In addition, Petroteq has joined the American Petroleum Institute (API). The API is the only national trade association representing all facets of the oil and natural gas industry, promoting safety across the industry globally and influencing public policy in support of a strong, viable oil and natural gas industry.

“API has led the development of operating standards for our industry, and we look forward to contributing our experience with oilfield technologies in addition to introducing our PetroBLOQ platform to its members throughout the supply chain,” Blyumkin previously stated.

Petroteq Energy Inc. (PQEFF), closed Monday's trading session at $0.0333, up 5.7143%, on 783,869 volume with 41 trades. The average volume for the last 3 months is 624,995 and the stock's 52-week low/high is $0.0215/$0.337599992.

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Jerrick Media Holdings, Inc. (OTC: JMDA)

The QualityStocks Daily Newsletter would like to spotlight Jerrick Media Holdings, Inc. (OTC: JMDA).

Jerrick Media Holdings (OTCQB: JMDA), a technology company and the parent company of Vocal, today announced that the Company's 2020 Annual Meeting of Shareholders (the "Annual Meeting") will take place in a virtual-only format in response to the public health impact of the coronavirus outbreak (COVID-19) and continued precautions regarding in-person gatherings. To view the full press release, visit http://nnw.fm/0ZHTz

Jerrick Media Holdings, Inc. (OTC: JMDA) develops technology-based solutions to solve digital problems. Through the combination of design, thought and data analysis, the company builds products that influence a worldwide audience.

Jerrick’s flagship product is Vocal, a proprietary long-form digital publishing platform that provides storytelling tools and engaged communities for creators to get discovered and fund their creativity.

Vocal

Designed to develop and cost-effectively engage content creators, the Vocal platform enables its over 500,000 registered content creators to reach an engaged audience and monetize their content. In addition to providing relevant content, Vocal’s technology is centered on efficiency and scalability through its niche digital communities, as well as output through its data-driven distribution strategy.

Vocal partners with content creators and brands that recognize difficulties inherent in the digital advertising space and that can benefit from branded content marketing opportunities available on publishing platforms like Vocal.

All content available on Vocal is created within the platform’s custom editor and published on one of Vocal’s embedded genre-specific communities, spanning topics that range from food to wellness, beauty, technology and more.

In May 2019, Jerrick launched Vocal+, its premium subscription membership program. Vocal+ members pay a membership fee for premium value-added features, including receiving increased earnings for their content, reduced platform processing fees for tips received, a Vocal+ badge on their creator page, access to new features on the Vocal Platform, and other rewards. Creators can sign up for free or upgrade to Vocal+, available for purchase on either an annual or monthly subscription basis.

 

Vocal for Brands

Vocal for Brands is an in-house creative studio that generates actionable data from bespoke native advertising campaigns. Vocal for Brands partners with direct-to-consumer (DTC) to create beautiful, campaign-optimized stories on Vocal that build brand affinity, trust and drive results.

Additionally, Jerrick provides a Managed Services offering to business-to-business (B2B) and business-to-consumer (B2C) product and service brands which encompasses a full range of digital marketing and e-commerce solutions. Managed Services includes the setup and ongoing maintenance of clients’ websites, Amazon and Shopify storefronts and listings, social media pages, search engine marketing, and other various tools and sales channels utilized by e-commerce sellers for sales and growth optimization. In addition to partnering with Managed Services clients, the company offers a range of la carte services.

Growth Strategy

Upon the consummation of its anticipated listing on the Nasdaq Capital Market, Jerrick intends to change its official company name to “Creatd, Inc.,” subject to stockholder approval.

This rebranding will initiate Jerrick’s go-forward growth strategy and its plans to expand its offerings and provide technology products and resources for creators to help transform their ideas into reality. The strategic plan is designed to greatly increase Jerrick’s potential market value via a plethora of new revenue streams.

Creatd will focus on a community of creators that number more than 2.5 billion users, for which it will offer democratized, transparent platforms for distribution, sentiment, resources and monetization. The company’s agile development process will rely on a combination of bleeding-edge technology that eliminates barriers and creates efficiencies. Superior design thinking and data analysis will allow Creatd to expand its digital footprint to a global community.

Creatd will partner with a community of technology collaborators and sophisticated investors who collaborate to provide technology solutions for creators, brands and their respective audiences. The company’s solutions, business processes, technology platforms and design theories will lend themselves to application opportunities on a global scale.

History & Management

Jerrick was founded in 2012. Initially a private media company providing online content through a portfolio of brands, Jerrick’s needs quickly outpaced its initial technology and product offering. In 2015, Jerrick partnered with Thinkmill, a premiere, Australia-based product design and development group to create a content management system (CMS) for its brands; that system evolved into the company’s flagship product, Vocal.

Today, Jerrick’s management team is an impressive group of abstract thinkers united by their passion to solve problems. Leading the team are founder and CEO Jeremy Frommer, and Justin Maury, Jerrick’s president and head of product.

Frommer’s career includes two decades in the financial technology industry, working as a hedge fund and portfolio manager, as well as on the sell-side of the financial industry. Frommer started NextGen Trading, a software development company building proprietary equity trading platforms. NextGen was acquired by Carlin Financial Group of which Frommer became CEO. RBC Capital Markets Corporation eventually bought Carlin. At RBC, Frommer was managing director, head of the Global Prime Services group and a member of the RBC Global Equities Operating Committee.

Maury joined Jerrick in 2013, bringing with him 10 years of experience in the creative industry. Since partnering with Frommer to establish Jerrick, Maury led the company’s product development for more than four years. His passion for the creative arts and technology ultimately yielded the vision for Vocal. During the Jerrick’s early formative years, Maury was a driving force in creating the vision, design and architecture for the Vocal platform and managing the oversight of technology development.

Jerrick Media Holdings, Inc. (JMDA), closed Monday's trading session at $3.47, even for the day, on 11,890 volume with 33 trades. The average volume for the last 3 months is 1,446 and the stock's 52-week low/high is $2.00/$5.00.

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