The QualityStocks Daily Stock List
- First Acceptance Corporation (FACO)
- Kenadyr Mining (Holdings) Corp. (KNDYF)
- Asia Equity Exchange Group, Inc. (AEEX)
- Santa Fe Gold Corporation (SFEG)
- Electra Meccanica Vehicles Corp. (ECCTF)
- Wrap Technologies, Inc. (WRTC)
- Anvia Holdings Corporation (ANVV)
- Vilacto Bio, Inc. (VIBI)
- Galaxy Gaming, Inc. (GLXZ)
- ProMIS Neurosciences, Inc. (ARFXF)
- Organigram Holdings, Inc. (OGRMF)
- Black Sea Copper & Gold Corp. (BLSSF)
First Acceptance Corporation (FACO)
Zacks, YCharts, Barchart, Amigo Bulls, OTC Markets, Stockwatch, Stockopedia, Penny Stock Hub, TradingView, Simply Wall St, 4-Traders, MarketWatch, InvestorsHub, Stockhouse, The Street, and CapitalCube reported on First Acceptance Corporation (FACO), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
First Acceptance Corporation is primarily a retailer, servicer and underwriter of non-standard personal automobile insurance. At present, the Company conducts its insurance servicing and underwriting operations in 13 states. It operates only as an insurance agency in three states. Additionally, First Acceptance is licensed as an insurance company in 13 states where it does not conduct any business. Listed on the OTCQX, the Company is based in Nashville, Tennessee.
First Acceptance’s insurance operations generate revenue from selling non-standard personal automobile insurance products and related products in 16 states. The Company mainly distributes its products via its retail locations, and also through a call center and the Internet.
At March 31, 2018, First Acceptance leased and operated 349 retail locations and a call center staffed by employee-agents. These employee-agents chiefly sell non-standard personal automobile insurance products underwritten by First Acceptance as well as certain commissionable ancillary products.
Fundamentally, First Acceptance issues non-standard automobile insurance policies to individuals based on their inability or unwillingness to obtain insurance coverage from standard carriers because of a variety of factors. These include their payment history or need for monthly payment plans, failure to maintain continuous insurance coverage, or driving record.
The Company’s products include Auto Insurance, Renters Insurance, Motorcycle Insurance, Roadside Assistance, Hospital Benefits, Ohio Bond Policy, and Med Pay.
Recently, First Acceptance reported its financial results for the quarter ended March 31, 2018. Income before Income Taxes, for the three months ended March 31, 2018 was $7.2 million, versus income before Income Taxes of $1.6 million for the three months ended March 31, 2017.
Net Income for the three months ended March 31, 2018 was $5.4 million, versus Net Income of $0.7 million for the three months ended March 31, 2017. Basic and Diluted Net Income per Share were $0.13 for the three months ended March 31, 2018, versus a Basic and Diluted Net Income per Share of $0.02 for the same period in the prior year.
First Acceptance Corporation (FACO), closed Tuesday's trading session at $1.22, even for the day, on 3,575 volume with 16 trades. The average volume for the last 60 days is 27,614 and the stock's 52-week low/high is $0.75/$1.22.
Kenadyr Mining (Holdings) Corp. (KNDYF)
Awesome Penny Stocks, Morningstar, MarketWatch, and InvestorsHub reported on Kenadyr Mining (Holdings) Corp. (KNDYF), and today we report on the Company, here at the QualityStocks Daily Newsletter.
Kenadyr Mining (Holdings) Corp. engages in the exploration of the historic Borubai Gold Project in the Kyrgyz Republic in Central Asia. The Borubai Project has had 81,800 meters of historic drilling. Kenadyr has significant in-country experience and global mining experience. This experience ranges from discovery and exploration to production. Kenadyr Mining is based in Vancouver, British Columbia. The Company lists on the OTCQB.
Kenadyr Mining holds a 100 percent interest in the Borubai Exploration License (164 km2). The license is in a foothill area at low altitudes above sea level providing easy year-round operations. The area has well developed infrastructure. Additional high-grade gold targets are present throughout the Borubai Exploration License.
The whole license has been subject to extensive geochemical and geophysical surveys, with follow up trenching and drilling on only a few of the identified anomalies. Two previously drilled on-surface prospects (Suhaia Schel (SS) and Karacha) are immediate additional drill targets.
The Borubai Project shares connecting mineralization with a producing high-grade gold mine. Borubai encircles Zijin’s Taldybulak Levoberejnyi Mine (TBL Mine). Kenadyr Mining has a complete database from 410 drill holes. This includes drilling at the TBL Deposit. On the Borubai License, 139 holes (81,000m) were drilled next to the TBL Mine.
Kenadyr Mining announced at the end of 2017 that it completed the highly successful 2017 drill program at Borubai. A second section (Section EZ-2) was completed at the East Zone that is roughly 25 meters west of Section EZ-1. These sections demonstrate good continuity of gold mineralization in this area. In addition, these sections will provide clear guidance for the step out drilling to the east, in 2018.
Kenadyr Mining provided an update this past January on its option agreements with Realgold Resources Corp. for the acquisition of 9 mineral exploration licenses covering approximately 1,200 square kilometers of the most prospective gold ground within the Middle Tien Shan carbonaceous shale belt of the Kyrgyz Republic.
Pursuant to the Option Agreements, Kenadyr Mining’s subsidiaries have advanced secured loans in the total amount of US$552,669.75 to subsidiaries of the Optionor (Realgold Resources). The Tien Shan Gold Belt hosts some of the world’s largest gold mines. Major past investment and expenditure is advancing the project towards production.
Kenadyr Mining (Holdings) Corp. (KNDYF), closed Tuesday's trading session at $0.1264, even for the day. The average volume for the last 60 days is 11,343 and the stock's 52-week low/high is $0.0805/$0.3203.
Asia Equity Exchange Group, Inc. (AEEX)
OTC Markets, InvestorsHub, and MarketWatch reported on Asia Equity Exchange Group, Inc. (AEEX), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Asia Equity Exchange Group, Inc. is working to establish and build an equity information service platform designed to provide equity investment financing information to all enterprises in the nations and regions of Asia. Asia Equity Exchange Group, with its website www.asiaotcmarkets.com, invested and operated by Asian Equity Exchange Group Co., Ltd., is an intercontinental equity exchange and a service platform for companies in Asia to release equity investment and financing information.
Asia Equity Exchange Group has offices in Kowloon Bay, Hong Kong; Shenzhen, China; and New York, New York. The Company lists on the OTC Markets Group’s OTCQB.
The operating structure of the Company is: Asia Equity Exchange Group, Inc. 100 percent shareholding Asian Equity Exchange Group Co. Ltd. 100 percent shareholding AEEX (HK) International Financial Services Limited 100 percent shareholding Asian & American Consultant (Shenzhen) Co. Ltd.
In essence, Asia Equity Exchange Group integrates worldwide capital and works with providers of a broad array of services. The Company provides growing and innovative companies with diversified and professional services, and global professional investors with quality, open, and diverse investment opportunities. It serves as a significant part and a vital link of the multi-layered capital markets in Asia. Asia Equity Exchange Group enables companies to obtain the resources to successfully launch their IPO (Initial Public Offering).
Asia Equity Exchange Group helps companies develop in a sustainable manner. Furthermore, the Company introduces high-value investment markets to professional institutional and individual investors.
In addition, it aims to create a unique and authoritative intercontinental equity information platform, which effectively complements business functions, service means and financing channels with OTC markets in different nations and regions.
Asia Equity Exchange Group is also working to build a system of intercontinental cooperation to provide listed enterprises with equity financing means through domestic and out of the country channels, and to provide nurturing, pre-listing tutoring, and incubating, and also supporting services for their listing on overseas capital markets by shifting boards.
Asia Equity Exchange Group introduces global securities and institutional investors in its shareholder structure. Moreover, it partners with international organizations in its operations. These include investment banks, financial and legal institutions, and professional consulting teams.
In December, Asia Equity Exchange Group hosted a media event at the Hilton Shenzhen Futian, announcing the successful financing of $15 million USD for a private placement deal. The AEEX management team and guest speakers examined the development of the private placement process and discussed how Chinese SMEs (small and medium sized enterprises) can develop faster and more effective methods to operate in capital markets.
Asia Equity Exchange Group, Inc. (AEEX), closed Tuesday's trading session at $5.20, up 0.19%, on 3,730 volume with 3 trades. The average volume for the last 60 days is 1,286 and the stock's 52-week low/high is $4.01/$21.11.
Santa Fe Gold Corporation (SFEG)
OTC Markets, Zacks, 4-Traders, InvestorsHub, MarketWatch, The Street, Investopedia, Stockflare, StreetInsider, and Stockhouse reported on Santa Fe Gold Corporation (SFEG), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Established in 1991, Santa Fe Gold Corporation’s intention is to establish itself as a significant player in the precious metals mining field. Its objective is to produce substantial cash flow from precious metals holdings. This is while creating a portfolio of high quality exploration and bankable development projects that will ensure future revenue growth. OTCQB-listed, Santa Fe Gold is headquartered in Albuquerque, New Mexico.
The Company’s focus is on Gold, Silver, and Copper, Precious, Industrial and Base metals. Santa Fe Gold’s assets include the Knight’s Peak region of Grant County, New Mexico consisting of the Malone Mines, Patanka, Hillcrest Barranca and Principal Mines, altogether incorporating about 20 mine sites and all situated at Knight’s Peak, together with an expanded area surrounding the Malone Mines in the southern area of Burro Mountains, New Mexico.
In addition, Santa Fe Gold owns very significant holdings in the Playas Lake Bed Area of Hidalgo County. This includes the presences of Titanium ore and other rare earth minerals and deposits.
At the end of November 2017, Santa Fe Gold announced that preparations were underway to start mining production as soon as possible upon completion of the acquisitions and final permitting. Santa Fe is in the closing stage of acquisition of 100 percent of Bullard’s Peak Corporation and Black Hawk Consolidated Mines Company.
The acquisitions include the previously optioned AG1 Silver Mine and all lands surrounding the project. This includes a potential Porphyry Silver Discovery, Cobalt, and Lithium, Manganese and Nickel and all rights to same.
In late December, Santa Fe Gold announced it received an additional US$849,958.17 with more funding expected from International Investment Group and its associated investors, bringing their overall stake in Santa Fe Gold to in excess of $6 Million converted to equity at prices close to recent market quotes.
The Company expects to complete 100 percent of the purchase of Silver Mines: Bullard's Peak Corporation and Black Hawk Consolidated Mines in the opening days of 2018. The expectation is that production will commence in the interim afterward. Furthermore, Santa Fe Gold expects to announce at least four new acquisitions in Q1 of 2018.
Santa Fe Gold President and Chief Executive Officer, Mr. Tom Laws, said in December, "We are delighted with the increased investment in Santa Fe Gold which demonstrates confidence in our ongoing near term plans. We expect to close on the AG1 Silver Mines early in the New Year as well as being able to give additional details on why we are really excited about this and other new acquisitions."
Santa Fe Gold Corporation (SFEG), closed Tuesday's trading session at $0.0975, up 8.33%, on 62,865 volume with 13 trades. The average volume for the last 60 days is 110,033 and the stock's 52-week low/high is $0.07/$0.1971.
Electra Meccanica Vehicles Corp. (ECCTF)
Zacks, MarketWatch, OTC Markets, Streetwise Reports, Stockhouse, Barchart, and Business Insider reported on Electra Meccanica Vehicles Corp. (ECCTF), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Electra Meccanica Vehicles Corp. is a designer and manufacturer of electric vehicles. The Company is developing clean, sustainable and renewable transportation solutions, which help fight carbon pollution and climate change. Electra Meccanica has its subsidiary Intermeccanica. With it, it is delivering next generation affordable electric vehicles to the masses. Electra Meccanica Vehicles is headquartered in Vancouver, British Columbia. The Company’s shares trade on the OTCQB.
Electra Meccanica is being built in collaboration with world-renowned coach builder, Intermeccanica. For 57 years Intermeccanica has successfully been building high-end specialty cars. Intermeccanica’s award-winning and high-quality reproductions of Porsche Speedsters and Roadsters transformed the market.
Fundamentally, Electra Meccanica Vehicles combines Founder Jerry Kroll’s wide-ranging background in the race car industry with Henry Reisner’s
Intermeccanica Custom Coach Builders’ 50 years of experience in building high-quality, specialty vehicles.
Electra Meccanica builds the unique, all-electric SOLO. This is a single passenger vehicle. It underwent development to revolutionize the manner in which people commute. Electra Meccanica also builds the Tofino convertible. This is an elegant high-performance sports car.
The intelligent layout and use of advanced materials enable the SOLO to attain
strength and durability. This is while maintaining weight of just over 450kgs/1,000lbs. The basis for the SOLO and future line of vehicles is the aerospace composite chassis platform. Patents are filed for the Modular Rolling Chassis, the overall SOLO shape, as well as other innovations.
The SOLO drivetrain is a high performance electric rear drive motor (up to 82 hp and 128 Nm torque).The battery system/range is 16.1 kW/h Lithium-Ion - up to a 160 km range. The storage capacity is 245 Liters/40 liters – rear/front storage.
The SOLO charging system/time is Dual 220/110 V – 3/6 hours charging time. The performance is 130 km/h top speed 0-100 km/h in 8.0 seconds.
Last month, Electra Meccanica announced that it was awarded the Automotive Innovation Award by IHS Markit at ShowStoppers® at Consumer Electronics Show (CES) 2018, for its new SOLO electric vehicle. IHS Markit is an international leader in critical information, analytics and expertise. The Innovation Awards at ShowStoppers® took place in January in Las Vegas, Nevada.
Electra Meccanica Vehicles Corp. (ECCTF), closed Tuesday's trading session at $6.50, up 0.62%, on 1,710 volume with 4 trades. The average volume for the last 60 days is 74 and the stock's 52-week low/high is $1.50/$8.25.
Wrap Technologies, Inc. (WRTC)
Stockwatch, Jet Life Penny Stocks, Stockflare, Wall Street Pennies, VentureLine, High Rising Stocks, Penny Stock Hub, Stockhouse, Simply Wall St, Investors Hangout, Trading View, Investing News Alerts, and Street Insider reported on Wrap Technologies, Inc. (WRTC), and today we report on the Company, here at the QualityStocks Daily Newsletter.
OTCQB-listed, Wrap Technologies, Inc. is an innovator of modern policing solutions. It premiered its hand-held BolaWrap™ 100 remote restraint solution at the International Association of Police Chiefs (IACP) October 2017 international conference. The Company’s technology assists law enforcement and military in safely and effectively controlling encounters. Wrap Technologies has its corporate headquarters in Las Vegas, Nevada.
Award winning inventor Elwood Norris developed BolaWrap™ 100. The BolaWrap™ 100 is a hand-held remote restraint device. It discharges an eight-foot bola style Kevlar tether to entangle an individual at a range of 10-25 feet.
The BolaWrap 100 is a restraint tool for Police and Military. It can be used early in an encounter between officer and suspect so as to prevent unnecessary escalation and violence.
BolaWrap 100 is light and operable by an officer using support hand. Remote restraint helps in controlling subjects. The design of it is to remotely restrain without uncontrolled falls.
BolaWrap 100 features rapid cartridge refresh to support multiple wraps. The design of the product is to safely and effectively control encounters by remotely wrapping a subject's legs, limiting the need for potentially injurious less lethal or lethal force.
Yesterday, Wrap Technologies announced that field testing of the new BolaWrap 100 remote restraint device is scheduled to begin with the Park City (Utah) Police Department. The Company has provided Park City with equipment to deploy to identify the best use cases for BolaWrap remote restraint and measure effectiveness as an early engagement tool.
Wrap Technologies has an increasing number of product partnerships with high profile agencies designed to ensure the BolaWrap 100 meets customer requirements to restrain noncompliant individuals.
Mr. David Norris, Wrap Technologies’ President, said, "We are excited that the Park City Police Department is joining other select agencies to evaluate BolaWrap 100. We are seeing a rapid transition from evaluation to field test deployment. Park City and other agencies are also engaging local media as part of their commitment to less lethal policing especially in mental health settings."
Wrap Technologies, Inc. (WRTC), closed Tuesday's trading session at $3.15, up 5.00%, on 7,172 volume with 15 trades. The average volume for the last 60 days is 223 and the stock's 52-week low/high is $2.50/$9.00.
Anvia Holdings Corporation (ANVV)
Stockhouse, Stock Orange, Investors Hangout, Street Insider, Jet Life Penny Stocks, Stockopedia, Barchart, Morningstar, OTC Markets, 4-Traders, GuruFocus, Stockwatch, Penny Stock Hub, High Rising Stocks, Wallmine, TradingView, and Simply Wall St reported on Anvia Holdings Corporation (ANVV), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Anvia Holdings Corporation is an international technology company headquartered in Glendale, California. Anvia is a worldwide technology enterprise that creates comprehensive, turnkey software and consulting solutions for small to medium-sized businesses.
The Company is also the world’s complete eco-system for tradesmen in the construction industry. Its businesses serve the whole lifecycle of tradesmen or handymen in the construction industry. The Company works to build competent tradesmen for the construction industry and make them accessible to the market. Anvia Holdings’ shares trade on the OTC Markets Group’s OTCQB.
Anvia Holdings is the first integrated platform for blue-collar workers in the construction industry to provide qualification, licensing, continuous education, placement services, entrepreneurship opportunities, and cash-back or loyalty programs in Australia and around the world.
The Company has its Anvia College. This College offers quality and world-class education services and products to its aspiring tradesmen and construction workers in a blended learning environment. Anvia College provides essential qualification courses related to the construction environment.
In addition, Anvia Holdings has its Anvia Recruiters. Anvia Recruiters provides employment services to graduates of Anvia College and Anvia members globally. Moreover, the Company has its Anvia Market. Anvia market is an online store for tradesmen or handymen involved in the construction industry to buy safety wear and tools.
Furthermore, Anvia Holdings offers its Anvia Loyalty. This is a free loyalty program by the Company designed for existing qualified and aspiring tradesmen. Anvia Loyalty is a single platform. It connects the Company’s members to all Anvia products and services.
Last month, Anvia Holdings announced that it fully acquired Anvia (Australia) Pty Ltd, formally known as Kasa Corporation (Australia) Pty Ltd. Anvia Holdings acquired Anvia (Australia) Pty Ltd from Lindita Kasa who is the wife of Ali Kasa, President and Chief Executive Officer of Anvia Holdings. The acquisition was made in consideration of Anvia Holdings giving 5,000 shares valued at U.S $ 0.60 based on the last private transaction price of its shares sold.
Anvia (Australia) Pty Ltd is fully-owned subsidiary of Anvia Holdings. Anvia Australia commercializes Anvia’s intellectual property (IP) assets. These assets include Anvia Learning, Anvia Market, Anvia Recruiters and Anvia Loyalty in the Australian Market.
Last week, Anvia (Australia) Pty Ltd announced that it acquired all of the issued and outstanding shares of Global Institute of Vocational Education Pty Ltd (Melbourne, Australia). Anvia (Australia) Pty Ltd acquired 100 percent of Global Institute for AUD 81,900 Australian Dollars from Ms. Azmat Ali who was the sole shareholder of the company. Ms. Azmat Ali agreed to stay on as a Director of the company during transition for another term.
Global Institute of Vocational Education is a Registered Training Organization (RTO) under Australian Qualification Framework (AQF) by Australian Skills Quality Authority (ASQA).
Anvia Holdings Corporation (ANVV), closed Tuesday's trading session at $1.50, up 7.91%, on 5,600 volume with 7 trades. The average volume for the last 60 days is 745 and the stock's 52-week low/high is $0.70/$1.39.
Vilacto Bio, Inc. (VIBI)
InvestorsHub, OTC Markets, Simply Wall St, YCharts, and The Street reported on Vilacto Bio, Inc. (VIBI), and today we choose to report on the Company, here at the QualityStocks Daily Newsletter.
Vilacto Bio, Inc. is a biotechnology company headquartered in New York, New York. It has developed the now fully patented Lactoactive® (Lactoactive molecule). In multiple studies, Lactoactive® has demonstrated above average effect treating conditions such as inflammatory diseases, diabetes, psoriasis, skin aging, and skin issues in different levels.
Currently, Vilacto Bio’s products are available on the market as Vilact®. Vilacto Bio’s European Headquarters are in Næstved, Denmark. Its Research and Development (R&D) operations are in Lithuania.
Lactoactive® is highly refined colostrum, developed to provide premier results for people requiring healing or relief from a variety of skin issues. Lactoactive® is a refined processing of colostrum combined with hyaluronic acid. Proteins in Vilact® survive longer without being degraded by enzymes. This enables them to work longer in the skin.
The Company’s aim is to be the foremost biotechnology company focused on commercializing inventive pharmaceutical cosmeceutical products formulated or reformulated with Lactoactive® as nanoparticle according to its patented properties. In addition, its aim is to further develop its Lactoactive® molecule for increasing the quality of its retail and medical skin cream products, and also licensing out its Lactoactive® molecule for the pharmaceutical industry.
Vilacto Bio has its Vilact Cuticle cream product, developed in cooperation with Danish podiatrists. Lactoactive, the ingredient molecule in Vilact Cuticle cream, works to help with skin challenges. Danish podiatrists have demonstrated its use with quicker patient recovery.
Recently, Vilacto Bio announced that it completed a two-month upgrade to the Denmark production facility that is owned by Pharma GP, which produces its patented Lactoactive nanoparticle compound. This upgrade will enable it to manufacture even smaller Lactoactive particles and enable the Company to commence production of its new Lactoactive iTHER®.
Lactoactive iTHER® is a new Lactoactive variant. It combines potent immune-system enhancement with a proven nanoparticle drug delivery system.
Last week, Vilacto Bio announced that its Vilact skin cream won the buyers choice award at the recent ECRM Skin, Bath, Cosmetics & Natural Beauty EPPS (efficient program planning session) in Las Vegas, Nevada. Vilact was honored with the ECRM and DSN Buyer’s Choice Award at the event. Buyers voted based on product innovation and packaging.
Vilacto Bio, Inc. (VIBI), closed Tuesday's trading session at $0.36, even for the day, on 20,661 volume with 14 trades. The average volume for the last 60 days is 23,130 and the stock's 52-week low/high is $0.20/$2.13.
Galaxy Gaming, Inc. (GLXZ)
Marketbeat, Red Chip, SmallCapVoice, TaglichBrothers, The Green Baron, FeedBlitz, and Stock Profile reported earlier on Galaxy Gaming, Inc. (GLXZ), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Galaxy Gaming, Inc. is the world's largest independent developer, manufacturer, and distributor of casino table games and enhanced systems. The Company develops, manufactures, and distributes innovative proprietary table games, state-of-the-art electronic wagering platforms, and enhanced bonusing systems to land-based, riverboat, cruise ships, and online casinos around the world. Galaxy Gaming has its corporate office in Las Vegas, Nevada and the Company lists on the OTC Markets Group’s OTCQB.
Galaxy Gaming has an installed base of its products on thousands of gaming tables located in hundreds of casinos. The Company sells its products chiefly through its internal sales force, to casinos throughout North America, the Caribbean, the British Isles, Europe, and Africa, and also to cruise ships and internet gaming sites worldwide.
Galaxy Gaming is expanding its international footprint via its partnership with WPT Enterprises, Inc. WPT Enterprises is the owner of the World Poker Tour.
In addition, Galaxy Gaming is the exclusive provider of SpectrumVision. This is a proprietary technology employed to detect invisible markings on playing cards.
Furthermore, by way of its iGaming partner, Games Marketing Ltd., Galaxy Gaming licenses its proprietary table games to the online gaming industry. The Company’s games can be played online at FeelTheRush.com.
This past November, Galaxy Gaming announced its results for the quarter ending September 30, 2017. For Q3 2017 in comparison to Q3 2016, Revenue grew 20 percent to $3,830K. Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) decreased 16 percent to $1,278K.
The Company had a pre-tax Loss of $6K versus pretax Income of 1,013K. It had a Net Loss of $28K versus Net Income of $662K. Balance Sheet improvements (in comparison to December 31, 2016) include Cash increasing 37 percent to $3,162K.
Total Debt (gross) decreased 12 percent to $9,846K. Stockholders’ equity rose 14 percent to $5,269K.
Mr. Todd Cravens, Galaxy Gaming’s President and Chief Executive Officer, said, “Our year-over-year revenue growth of 20.0 percent reported for the third quarter of 2017 was the highest quarterly revenue growth reported this year. As has been the case for several quarters, we have been adding staff and other resources to support this growth and our future aspirations. One of the benefits of these investments was realized in September when we received a higher level of licensing from the Nevada Gaming Commission. This licensure allows us to broaden our sales activities in Nevada and gives us a roadmap to pursue licenses in other jurisdictions….”
Galaxy Gaming, Inc. (GLXZ), closed Tuesday's trading session at $1.16, up 0.87%, on 9,271 volume with 15 trades. The average volume for the last 60 days is 12,312 and the stock's 52-week low/high is $0.51/$1.47.
ProMIS Neurosciences, Inc. (ARFXF)
Streetwise Reports, Stockhouse, TradingView, Investopedia, Wallmine, Insider Financial, InvestorsHub, MarketWatch, and OTC Markets reported on ProMIS Neurosciences, Inc. (ARFXF), and we report on the Company as well, here at the QualityStocks Daily Newsletter.
ProMIS Neurosciences, Inc. focuses on discovering and developing precision medicine therapeutics to treat neurodegenerative diseases, in particular Alzheimer’s disease (AD) and amyotrophic lateral sclerosis (ALS). ProMIS Neurosciences’ lead product is PMN310 in Alzheimer’s disease. A development stage biotechnology company, ProMIS Neurosciences has offices in Toronto, Ontario and Cambridge, Massachusetts.
The Company’s proprietary target discovery engine is based on the use of two complementary techniques. ProMIS applies its thermodynamic, computational discovery platform-ProMIS™and Collective Coordinates - to predict novel targets known as Disease Specific Epitopes (DSEs) on the molecular surface of misfolded proteins. Using this unique precision medicine approach, ProMIS Neurosciences is developing novel antibody therapeutics and specific companion diagnostics for AD and ALS.
The Company uses its proprietary technology platform to create highly selective antibodies. Its lead programs are following a “best in class” strategy targeting Amyloid beta in Alzheimer’s disease, with advantages over ”first in class” therapy from Biogen (aducanumab).
ProMIS Neurosciences’ PMN310 is on course to further confirm differentiation from likely “first in class” Biogen’s aducanumab. Moreover, PMN310 is on course to initiate clinical trials in 2019 and potentially superior clinical data versus aducanumab in late 2021 shortly after aducanumab anticipated approval.
For Alzheimer’s disease, the Company’s most advanced priority program, three validated product candidates have been designated. These are PMN310, PMN350, and PMN330.
ProMIS Neurosciences announced in January 2018 that its lead product candidate for Alzheimer's disease (AD), PMN310, showed absence of binding to amyloid beta (Aβ) plaque in and around blood vessels in AD brain samples in a preclinical study directly comparing PMN310 to other Aβ-directed antibodies.
Recently, ProMIS Neurosciences announced the publication of a peer reviewed scientific paper describing one of six distinct therapeutic targets (epitopes) on toxic oligomers of amyloid beta (AbO) identified in the lab of ProMIS Chief Scientific Officer, Dr. Neil Cashman.
The scientific paper by Silverman et al. entitled, A Rational Structured Epitope Defines a Distinct Subclass of Toxic Amyloid-beta Oligomers was published in the online edition of the American Chemical Society Journal, Chemical Neuroscience (ACS Chem. Neurosci., April 4, 2018).
Last week, ProMIS Neurosciences announced the initiation of producer cell line development for PMN310. This is the Company’s lead therapeutic antibody candidate for treatment of Alzheimer's disease (AD). Selexis, SA will carry out this vital first step in the manufacturing of antibody therapeutics utilizing the proprietary Selexis SUREtechnology Platform™.
Selexis' proprietary and high performance SUREtechnology Platform facilitates the fast, stable and cost-effective production of almost any recombinant protein. This includes those that are difficult to express in other systems.
ProMIS Neurosciences, Inc. (ARFXF), closed Monday's trading session at $1.3832, up 3.22%, on 28,118 volume with 59 trades. The average volume for the last 60 days is 68,439 and the stock's 52-week low/high is $0.8698/$3.60.
Organigram Holdings, Inc. (OGRMF)
CFN Media Group, InvestorPlace, Wealth Daily, Cannabis Financial Network News, and Money Morning reported earlier on Organigram Holdings, Inc. (OGRMF), and we report on the Company as well, here at the QualityStocks Daily Newsletter.
Organigram Holdings, Inc.’s concentration is on producing the highest quality, condition specific medical marijuana for patients in Canada. Its wholly-owned subsidiary, Organigram, Inc., is a licensed producer of medical marijuana in Canada. Organigram’s head office, production facility, and Research and Development (R&D) are in Moncton, New Brunswick. The Company lists on the OTCQB.
Organigram provides a diverse assortment of genetics and product types. These cater to the individual needs of each and every client. The Company offers a reliable supply of premier quality, industry-leading strains to match individuals’ personal needs.
Organigram has collaborations with healthcare experts and academic institutions. It invests in medical education, outreach, and research for the use of cannabinoids as a first line of treatment.
Organigram Holdings is regulated by the Access to Cannabis for Medical Purposes Regulations (ACMPR). All of its products are manufactured under strict controls and in conformance with the Good Production Practices of the MMPR, and the security directives as defined by the Office of Controlled Substances. All products are lab tested before packaging and sale.
The Company is undergoing a production-facility expansion. This expansion will more than triple the size of Organigram’s operations. The multi-million-dollar project will meet the increasing needs of its medical patient base, as well as prepare Organigram for the legal, adult-recreational marijuana market. The highlights of the Company’s plans include the addition of around 140 new employees by the end of 2018.
Furthermore, plans include a production-capacity increase from about 5,200 kilograms (kg) annually to greater than 25,000 kg annually. Plans additionally include the acquisition of a third building at 55 English Drive for future expansion, next to the present campus.
Organigram has begun the process for re-certification as an organic producer of cannabis in Canada with ECOCERT Canada. As part of the process, Organigram submitted a complete action plan to ECOCERT Canada, outlining its approach to the growing and segregation of both product lines. The design of the plan is to ensure the integrity of organic products within its facility, and was approved by ECOCERT Canada in September 2017. ECOCERT Canada is part of the Ecocert group, one of the largest organic certification organizations globally.
In late January, Organigram Holdings announced financial results for Fiscal Q1 of 2018 ending November 30, 2017. Organigram sold roughly 195,000 grams of dried flower in Q1 2018 versus roughly 187,000 in Q4 2017 and approximately 260,000 in Q1 2017 respectively.
The Company reported its highest quarterly Net Sales to date. Net Sales increased to $2.7 million in Q1 2018. This is up from $2.1 million in Q4 2017, and up from $2.2 million in Q1 2017. Organigram reported a Net Loss and Comprehensive Loss of $1.4 million for Q1 2018 versus a Net Loss of $2 million in Q4 2017 and $0.8 million in Q1 2017.
This month, Organigram announced that it received an expanded cultivation license from Health Canada related to its earlier announced Phase 2 expansion. The scope of the amendment includes approval of the entire perimeter of the expanded facility, around 150,000 sq. ft., and approval of the first 10 of the Company’s new 23 three-level cultivation rooms. It also includes approval of improved functional design to facilitate production. This includes a custom designed potting room and an automated feed and watering system.
Organigram Holdings, Inc. (OGRMF), closed Monday's trading session at $1.00, up 5.26%, on 300 volume with 1 trade. The average volume for the last 60 days is 1,505 and the stock's 52-week low/high is $0.16/$1.01.
Black Sea Copper & Gold Corp. (BLSSF)
Stockhouse, InvestorsHub, Barchart, MarketWatch, and Investors Hangout reported on Black Sea Copper & Gold Corp. (BLSSF), and today we report on the Company, here at the QualityStocks Daily Newsletter.
Black Sea Copper & Gold Corp. is a mineral exploration company listed on the OTCQB. It is active in the Black Sea region of Eastern Europe. Its commitment is to build a strong portfolio of high quality copper and gold projects with the potential to become world-class mining assets. Black Sea Copper & Gold has established a complement of local technical, logistical, community, and corporate support. The Company is based in Vancouver, British Columbia.
Black Sea Copper & Gold has demonstrated its ability to identify new copper-gold porphyry and epithermal targets. It believes that it has one of the most extensive proprietary geological/exploration databases for Eastern Europe in the industry. Black Sea has greater than four years of regional experience technically and operationally within Bulgaria, Serbia, Turkey, and Romania.
Black Sea’s mission is to quickly grow and advance a successful portfolio of projects in the West Tethyan Metallogenic Belt of Eastern Europe through discovery, acquisitions, and partnerships. Its projects include Kalabak, Copper-Gold; and Zlatusha, Copper-Gold.
Kalabak (100 percent owned) is approximately 10 km north of Ada Tepe in the Bulgarian Rhodope Mountains. Mineral potential at Kalabak was identified during the Company’s wide-ranging reconnaissance exploration program in Bulgaria. Consequently, Black Sea applied for and was awarded the Kalabak license in October 2014. The Kalabak license area (191 km2) lies within a developing porphyry copper-gold belt in the south-eastern sector of the Bulgarian Rhodope Mountains.
Zlatusha is roughly 40 kilometers northwest of Sofia in western Bulgaria within the Srednogorie endowed arc segment of the West Tethyan Metallogenic Belt. The Zlatusha license area (195 km2) lies within a developing porphyry copper-gold/epithermal belt positioned northwest of Sofia.
Black Sea Copper & Gold’s project pipeline includes Golaka, Copper-Gold, which is about 1 km from the Assarel Mine in the Panagyurishte Cu-Au trend in central Bulgaria. Furthermore, the Company’s project pipeline includes Coka Njalta, Copper-Gold, situated roughly 5 km south of the Majdanpek Mine in the world-class Timok belt of eastern Serbia.
Moreover, Black Sea’s project pipeline includes Susulajka, Copper-Gold. This project is located approximately 12 km north of the Bor Mine in the world-class Timok belt of eastern Serbia.
Black Sea Copper & Gold announced in October of 2017 that following the issuance of its formal license, it signed a three-year Exploration Agreement with the Ministry of Energy for its Kalabak project. The Agreement was followed with approvals from Bulgaria’s Ministry of Environment and Water allowing Black Sea Copper & Gold to begin its comprehensive exploration program at Kalabak.
In April, Black Sea Copper & Gold announced that it hired Mr. Nikolay Petrov, PhD, as the Company's Exploration Manager. Dr. Petrov is an exploration geologist. He has 16 years of experience at all levels of the mineral exploration project pipeline and across a range of commodities. Dr. Petrov was a senior geologist for First Quantum Minerals from 2011 to 2016, before which he held exploration geologist roles at a number of major mining companies.
Black Sea Copper & Gold completed a structural mapping, soil and rock sampling program at the Kalabak project in the fall of 2017. Currently, the Company is amassing data from the recent field program and from historical data sources. In addition, Black Sea continues to work with the Bulgarian Ministry of Energy to finalize the Zlatusha project license.
Black Sea Copper & Gold Corp. (BLSSF), closed Monday's trading session at $1.67, up 5.03%, on 8,791 volume with 18 trades. The average volume for the last 60 days is 29,417 and the stock's 52-week low/high is $1.31/$7.08.
The QualityStocks Company Corner
- GTX Corp. (OTC: GTXO)
- Zenosense, Inc. (OTC: ZENO)
- Virtual Crypto Technologies Inc. (OTCQB: VRCP)
- FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF)
- Marijuana Company of America Inc. (OTC: MCOA)
- ABcann Global (TSX.V: ABCN) (OTCQB: ABCCF)
- FANDOM SPORTS Media Corp. (CSE: FDM) (OTC: FDMSF)
- First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF)
- Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF)
- Global Payout, Inc. (OTC: GOHE)
- Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP)
- Hiku Brands Co. Ltd. (CSE: HIKU) (OTC: DJACF)
GTX Corp. (OTC: GTXO)
GTX Corp. (OTC: GTXO) designs, manufactures and commercializes various products and services in the GPS tracking and monitoring business. Operating domestically and internationally, via two subsidiaries engaged in the internet of things (IoT) and wearable technology industry. Founded in 2002 and headquartered in Los Angeles, California, the company is a pioneer in Smart GPS, cellular and Bluetooth Low Energy (BLE) tracking technology, offering complete, end-to-end tracking solutions through a proprietary IoT enterprise monitoring platform – the IoT Machine to Machine platform – backed by state-of-the-art hardware, software and connectivity solutions, patents and software algorithms.
Operating under the motto “We Put the ‘Where’ in Wearable Tech,” GTX’s main goal is to keep its customers connected to who and what matters most, with each of its patented tracking technologies providing real-time location coordinates on a map via a personalized portal. The company prides itself on offering not only technologies, but also effective solutions that provide safety, security and peace of mind by helping customers locate their loved ones or lost valuable items.
With a portfolio that includes more than 80 patents filed and issued and with products and services available in 35 countries, GTX’s tracking solutions use the latest in miniaturized, low-power GPS, mobile, RF and BLE technology, that can integrate seamlessly with multiple consumer products, enterprise and military applications. The company became a U.S. Military contractor in 2017 and is already developing asset and human tracking technology for the U.S. Air Force. Its list of customers also includes public health authorities and municipalities, emergency and law enforcement, NGOs, private companies, public and private senior care homes, and consumers.
The company’s flagship product is the award-winning GPS SmartSole®, the world’s first invisible wearable tracking device created specifically for people at risk of wandering, becoming lost or disoriented, including patients with Alzheimer’s, autism, dementia, traumatic brain injury and other cognitive problems. According to the World Alzheimer Report 2013 (http://nnw.fm/mrcV2), there are more than 100 million people worldwide who need constant care and monitoring because of a cognitive disorder, and their number is expected to rise to 277 million by 2050. Due to its hidden location – inside a shoe insert, the device can also be used by people undercover or at risk of kidnapping, such as government agents, military personnel, law enforcement, journalists, corporate executives, etc.
Other tracking devices designed and commercialized by the company for civilian or military use include:
- Take-Along Tracker 3G: A powerful mini-tracking device with GPS, 2G and 3G GSM data and voice capabilities, as well as a motion sensor and sleep mode. The device can be easily attached to a keychain, lanyard, dog collar, pocket, bag or plush toy for a discreet but advanced tracking solution.
- Invisabelt: Designed for children, this slim GPS tracker hidden inside a small waistband belt has a battery life of up to two days and is a great solution for parents who want to monitor their children’s location at all times.
- Track My Workforce: An easy and cost-effective solution that allows businesses to track and monitor their mobile workforce. The app is available for both Android and iOS systems, and allows employers to monitor their workforce from a single company account.
- E.T.S. -Personnel Equipment Tracking System: Currently in use at the Edwards Air Force Base, this tracking system allows real-time monitoring and surveillance of personnel and assets and has a 200+ square mile coverage. Solar powering capabilities and extend battery life allow the tracker to be used in areas without existing power sources.
- GPS Rifle Tracker: The company’s smallest GPS tracker, designed to withstand shocks and water submersion due to its robust, military standard enclosure, can be mounted on any AR15 platform picatinny rail to detect weapon discharge, track weapons and inventory, and send time and location alerts.
Led by a management team with solid experience in wearable technology, IoT, consumer electronics, mobile and technology licensing, as well as finance and the footwear industry, GTX plans to leverage its core technology platform to reach new verticals via licensing agreements and strategic partnerships, and to monetize its intellectual property portfolio. The monetization campaign kicked off in 2017 has already identified 100 companies that could become licensees. Besides military and law enforcement, the company also eyes the biometrics market, home health, medicare and insurance and other security applications for potential uses of its IoT platform and tracking technology.
GTX currently has 15 domestic and international distributors, subscribers in 35 countries and more than 700 online affiliates. With multiple revenue streams, several consecutive years of double-digit revenue growth and a strong pipeline of lucrative commercial products, GTX is uniquely positioned to become a leading provider of tracking solutions on this growing multi-billion-dollar market.
GTX Corp. (GTXO), closed the day's trading session at $0.0021, off by 22.22%, on 58,616,326 volume with 116 trades. The average volume for the last 60 days is 3,266,972 and the stock's 52-week low/high is $0.0019/$0.0089.
- GTX Corp. (GTXO) is “One to Watch”
- NetworkNewsBreaks – GTX Corp. (GTXO) Highlights Phase II Completion of George Mason University’s Machine Learning Wandering Prediction Research
- Telefónica Showcasing GPS SmartSole and BioStride at CeBIT 2018
Zenosense, Inc. (OTC: ZENO)
Zenosense, Inc. (OTC PINK: ZENO) ("Zenosense", the "Company"), a healthcare technology company focused on the development and commercialization of the MIDS Cardiac™ hand-held technology for the early detection of heart attack at the Point of Care, is pleased to announce that its MIDS Medical Ltd. joint venture ("MML") has successfully completed a second testing round of its revised detection system.
Zenosense, Inc. (OTC: ZENO) (the “Company”) is a healthcare technology developer that participates in transformational, disruptive medical diagnostic projects; particularly handheld devices used at the Point of Care which are displacing slow and expensive laboratory tests.
Zenosense is primarily focused on the development and commercialization of MIDS Cardiac™ through the Company’s joint venture ownership in MIDS Medical Limited (“MML”). MIDS Cardiac is in development as a cost-effective, handheld Point of Care (“POC”) diagnostic device and disposable test strip for the early, rapid detection of suspected acute myocardial infarction (“AMI”, or “heart attack”).
Identification of very low levels of cardiac markers can significantly accelerate critical triage, diagnosis, treatment and disposition of patients reporting chest pain. Cardiac troponin is well documented as the preferred biomarker for diagnosis of AMI, with evidence continuing to demonstrate that high sensitivity troponin is the most powerful prognostic biomarker for the assessment of cardiovascular risk in the general population. However, highly sensitive troponin assays are currently available only on state of the art, central laboratory analyzers. These analyzers are extremely expensive, not generally available at the POC and slow to turnaround results (typically 60 minutes) when time is critical.
True, high-sensitivity devices are not available in smaller handheld devices at the POC, where they are most needed. This is because the optical detection systems generally used in central laboratory analyzers cannot be effectively miniaturized.
MIDS Cardiac uses the patented MIDS technology platform, exclusively available to MML. Instead of using conventional optical detection, MIDS can detect and quantify assay beads nano-magnetically. This means it can be incorporated in a small device expected to achieve highly sensitive detection levels, which can support true high sensitivity cardiac biomarker tests in emergency settings, at the POC.
Harnessing world-class expertise, the MML laboratory is located at the prestigious Sci-Tech Daresbury campus in the U.K., internationally recognized for leading-edge, scientific research and commercial development. MML has the sole rights to the MIDS technology platform, which is protected by patent applications already granted in China and the USA, and applications now in the national phase in all other key geographic areas.
MIDS Cardiac aims to provide a single troponin I or T test within 3 minutes and three panel assay (additional cardiac biomarkers) on a disposable test strip within 8 minutes, using a hand-held device costing a fraction of the price of laboratory analyzers.
MIDS Cardiac should only require a pin prick of blood for a single assay test carried out on an easy-to-use, disposable microfluidic test strip. MIDS Cardiac is being designed to be operated quickly by minimally trained personnel, producing a simple to interpret result in emergency settings, even in the back of an ambulance.
Initial testing of the electronic and microfluidic components of the MIDS Cardiac “Hybrid Strip” system was completed in November 2017. The Hybrid Strip system used for development testing aims to replicate as closely as possible a fully integrated Lab on Chip MIDS test strip set-up. Development testing was conducted on both the assembled hybrid unit and its electronic and microfluidic components separately, focusing mainly on the electronics of the magnetic sensing system.
Testing revealed that a variety of brands and sizes of commercially available assay beads could be magnetically detected in very low quantities, including samples of beads that were previously undetectable. In several instances, the current “limit of detection” appeared to already be at or near to the range advised by MML’s assay consultants as suitable for a high sensitivity troponin assay.
Dr. Nasser Djennati, MML’s Managing Director and Chief Scientific Officer, said; “These results come in at the very high end of detection expectations, even at this Hybrid Strip stage. As we move forward into true Lab on Chip construction, I expect detection levels to improve further still.”
Cardiovascular disease is the leading cause of death in the western world, accounting for more than 17 million deaths in Europe and the United States alone. Nearly 20 million patients each year visit an emergency room with reports of chest pain, with hundreds of millions spent on unnecessary admissions to the hospital. Zenosense Inc. is confident MIDS Cardiac will deliver unparalleled levels of accuracy, speed, reliability, ease of use and cost savings, making it the future device of choice for hospitals, emergency rooms, medical practitioners, paramedics and in low-resource settings.
The MIDS technology is also seen as having a far wider application, with the platform being capable of performing Point of Care immunoassay tests for a vast array of common healthcare concerns, a market projected to be worth $23.7 billion per year worldwide by 2019. The medical testing market as a whole is projected to be worth $53.34 billion by 2021. Zenosense believes the MIDS technology could be the most significant advance in diagnostic testing services in decades.
Zenosense, Inc. (ZENO), closed the day's trading session at $0.5511, up 101.50%, on 2,628,283 volume with 537 trades. The average volume for the last 60 days is 132,869 and the stock's 52-week low/high is $0.15/$0.895.
- Zenosense, Inc.: Breakthrough Quantitative MIDS Testing Results
- Zenosense, Inc.: MIDS Shareholder Update
- NetworkNewsBreaks – Zenosense, Inc. (ZENO) Aims to Provide First Responders with Handheld Diagnostic Device for Cardiac Emergency
Virtual Crypto Technologies Inc. (OTCQB: VRCP)
Virtual Crypto Technologies Ltd. (OTCQB: VRCP) ("Virtual Crypto", or the "Company") a technology company dedicated to making cryptocurrencies accessible to the public through ATMs, tablets, PCs and or mobile devices, today announced the upgraded version of its crypto point-of-sale (POS) terminals and updated NetoBit application named NetoBit Pay.
Virtual Crypto Technologies Inc. (OTCQB: VRCP) is a developer of software and hardware for the purchase and sale of cryptocurrencies through ATMs, tablets, PCs and mobile devices. The company’s proprietary algorithmic technology trading platform, called NetoBit Trader, can instantaneously confirm the purchase or sale of Bitcoin, a process that typically can take between 10 minutes to 24 hours. All trades and exchanges are insured up to $3,000 per trade. The global cryptocurrency ATM market is predicted to surpass $285 million by 2025, yet, at present, only 30 percent of these machines allow two-way trades.
With NetoBit Trader, cryptocurrency holders enjoy immediate confirmation of Bitcoin and its crypto equivalents at the best crypto exchange rate at the point of transaction – providing a major breakthrough in the quest to bring cryptocurrencies to the mass market. Virtual Crypto’s cryptocurrency ATM, embedded with currency exchange transaction validation (CETV) in its hardware and software, accepts and dispenses cash and cryptocurrency in seconds.
Virtual Crypto’s NetoBit Trader and mobile retail point-of-sale platform incorporates advanced technologies tailored to the needs of primary market players, users, investors, and business owners. Virtual Crypto’s platform bridges the three main functions of the cryptocurrency sector – exchanges, wallets and payments – to the world of fiat exchanges, granting access to immediate cash exchanges between consumers and businesses worldwide.
NetoBit Trader’s over-the-counter, two-way transaction solution is available through one app, providing online cryptocurrency transactions at ecommerce and gaming portals. The app provides real-time cryptocurrency validation and exchange, easy buying and selling of Bitcoin with cash, enables traders to buy and trade crypto, and gamers to transfer cryptocurrency into cash after play. Crypto users can withdraw funds from their crypto accounts through a NetoBit cryptocurrency ATM or software-enabled tablet, and consumers can purchase retail with crypto from businesses that offer and use the NetoBit software.
The company’s newly redesigned corporate website, www.virtual-crypto.com, delivers a simple, clean design with enhanced functionality, features and navigation. Virtual Crypto’s new corporate website includes:
- Downloadable NetoBit Trader app link and contact forms for more information
- MarketWatch provides real-time tracking of the Bitcoin market, with other currencies to follow
- Improved security utilizing https certificates to protect personal information and site integrity
- Media room with downloadable product brochures, corporate presentations and other relevant content
- Investor’s page provides transparency to investors with direct access to Virtual Crypto’s progress through press releases, SEC filings, senior management team bios, and stock performance charts
- Social Media integration with buttons for LinkedIn, Twitter and Facebook jump to Virtual Crypto’s social media profiles, providing real-time updates from the online community
“Our primary objective is to make cryptocurrencies accessible to everyone, and that was the motivation for our redesign,” said Alon Dayan, Chief Executive Officer of Virtual Crypto. “The updated content provides real value for our customers, shareholders and employees, showcasing our products and services, in an intuitive, easy to navigate way.”
Virtual Crypto’s strategic vision of “Cryptocurrency Made Easy” allows crypto traders and users to overcome the complex hurdles currently hampering the cryptocurrency sphere.
Virtual Crypto Technologies Inc. (VRCP), closed the day's trading session at $0.1625, up 10.17%, on 7,343 volume with 11 trades. The average volume for the last 60 days is 39,269 and the stock's 52-week low/high is $0.0125/$0.38.
- Virtual Crypto® Technologies Unveils New Point of Sale Terminals and Updated NetoBit Application
- CryptoNewsAudio Announces Audio Press Release (APR) on Virtual Crypto Technologies Inc. Future-Proofed in Market Here to Stay
- CryptoCurrencyWire Announces Publication on Opportunities and Regulatory Outlook for Crypto Market
FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF)
FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) a royalty company for the U.S. licensed medical cannabis industry, announces that its portfolio investee company, ezGreen Compliance (“ezGreen”), which offers a state-of-the-art enterprise compliance and point-of-sale (POS) software solution for licensed medical cannabis dispensaries and cultivators, has launched its pilot marketing program and has on-boarded multiple customers (dispensaries and cultivators) across the State of California. The pilot program customers are currently utilizing ezGreen’s Health Insurance Portability and Accountability Act (“HIPAA”) Compliance Point-of-Sale Solution and inventory tracking system.
FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) is a royalty company aiming to be the capital partner of choice for high-growth, best-in-class businesses operating in the licensed U.S. medical cannabis industry. Primarily focused on the burgeoning California cannabis market, FinCanna leverages extensive investment expertise and industry experience to benefit its shareholders and portfolio companies.
Medical Cannabis Market
According to Ameri Research, the global market for licensed medical cannabis is growing at a compound annual growth rate (CAGR) of more than 21%, on track to exceed $63.5 billion by 2024. Within this market, FinCanna has identified considerable opportunity in California, the fifth largest economy in the world and the largest medical cannabis market in North America. Arcview Group forecasts California’s legal cannabis industry will grow at 21.1% CAGR to $6.5 billion in 2020, generating more than $1 billion in tax revenue.
Royalty Model & Portfolio
FinCanna’s “whole capital” solution for businesses in the licensed medical cannabis sector includes the provision of capital investment for a percentage of their future revenues. The FinCanna Capital Solution utilizes a royalty arrangement to deliver capital, in order to facilitate the growth or other specific objectives of its investees, and ensure the business opportunity is optimized. This model provides an alternative or complement to debt and equity financing, allowing investees to maintain financial flexibility and control of their business rather than entering into arrangements that may include restrictive debt structures or giving up an ownership stake.
FinCanna’s portfolio includes Cultivation Technologies, Inc. (“CTI”), a team of experts from Fortune 150 agriculture, medical cannabis, law, engineering and technology companies. FinCanna is providing funding to CTI for its planned, fully entitled, large-scale indoor medical cannabis facility to be developed in Coachella, California.
CTI has established an interim medical cannabis extraction facility (the “Interim Facility”) that will produce licensed medical cannabis products until the Coachella Project is complete. CTI is currently expanding its product line, Coachella Premium, to include vaporizer cartridges. Initial market feedback gathered during the product development phase indicates that Coachella Premium’s vaporizer cartridges offer a unique proposition within the vaporizer market, one of the fastest growing verticals in the cannabis market.
The Interim Facility can process up to 6,000 pounds of biomass per month, the equivalent of approximately 3.7 million grams of raw oil per year, with room for expansion. It is expected that the completed Coachella Project will be able to process 30,000 to 50,000 pounds of biomass per month, or the equivalent of 18 million grams to 30 million grams of raw oil per year.
Additionally FinCanna has entered into a royalty agreement with Green Compliance, a provider of point-of-sale software solution (“ezGreen”) for licensed medical cannabis dispensaries and cultivators. Green Compliance helps its customers comply with both the Health Insurance Portability and Accountability Act (“HIPAA”) and State Laws by ensuring patients’ confidential data is being handled properly, helping to protect from possible security breaches and financial and criminal liability resulting from potential violations.
FinCanna has also signed binding term sheet with Oakland, California-based Gram Co Holdings, subject to due diligence by FinCanna. Gram Co is a cannabinoid research and refinement facility focused providing B2B and B2C products and services to licensed medical dispensaries, infused product manufacturers, and numerous others in the cannabis supply chain. The company is also retrofitting a large, state-of-the-art medical cannabis extraction laboratory, which is expected to be operating in 2018.
The foregoing contains forward-looking statements regarding Cultivation Technologies Inc. (“CTI”) which are subject to risks, uncertainties and contingencies which include, but are not limited to the statements relating the future construction and completion of the CTI medical cannabis facility in Coachella, California, and the projected biomass processing and raw oil production at the facility. Such forward looking statements are based on assumptions regarding the construction, completion and operations of CTI’s proposed facility, including that CTI will obtain the financing required to build and equip its proposed facility, that CTI will obtain the additional financing required operate the facility, that construction facility is completed on time and budget, that CTI obtains state licenses to operate on a permanent basis, and that the equipment used in the cultivation of medical cannabis performs at scale in a similar way it performs at CTI’s pilot tests.
FinCanna Capital Corp. (FNNZF), closed the day's trading session at $0.258, up 6.13%, on 31,096 volume with 38 trades. The average volume for the last 60 days is 33,162 and the stock's 52-week low/high is $0.10/$0.8736.
- FinCanna Investee ezGreen Compliance On-Boards Multiple Customers across California, the largest Cannabis market in North America
- FinCanna Increases Private Placement to C$5 Million
- Coverage Initiated for FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) via NetworkNewsWire
Marijuana Company of America Inc. (OTC: MCOA)
MARIJUANA COMPANY OF AMERICA, INC. (OTC:MCOA), an innovative hemp and cannabis corporation, is pleased to announce that the company’s hempSMART™ brand has launched its revolutionary new cosmetic product, hempSMART™ Face. Also today, NetworkNewsWire released a report on the company detailing how MCOA is at the forefront of the market for innovative CBD (or cannabidiol) oil-infused products.
Marijuana Company of America Inc. (OTC: MCOA) (the “Company”) are pioneers in the cannabis industry going back to 2009 when Don Steinberg, MCOA’s CEO, founded the first marijuana company ever to trade on a U.S. stock market, Medical Marijuana Inc. Since then, Don and his partner, Charlie Larsen, have formed Global Hemp Group and Marijuana Company of America. They have experienced the shift of legislation first hand, not only for the legalization of marijuana but also the emerging hemp-based CBD products.
The CBD market is growing exponentially and consequently the founders of MCOA have constructed their business model around the development of industrial hemp-based CBD products. The industrial hemp plant can be used to produce products that are carbon neutral or even carbon negative. It is one of the longest, strongest natural fibers on earth, used as a building material that is free of mold, pesticide-resistant, and fire proof. Hemp has also been described as a “super food,” which provides additional business opportunities. No part of the plant is left unused and the Company’s overall strategy is to take advantage of every profit center from farm to the multiple valuable finished products.
The cannabis and hemp industries are experiencing unprecedented growth that is expected to continue for many years as these industries are now accepted globally and continue to mature and expand. North American consumers spent $6.7 billion on legal cannabis products in 2016, up 34% from 2015’s $5 billion. This trend is widely expected to explode at a 27% compounded annual growth rate to reach $22.6 billion by 2021, according to ArcView Market Research.
The company offers investors the opportunity to be on the forefront of cannabis and hemp innovation through cultivation, processing in the legal cannabis and industrial hemp sectors. The Company’s business model includes producing a diverse portfolio of synergistic business segments that provide value to its shareholders. Its vertically integrated business model and distribution platforms are positioned to capture market share by developing recognizable and valuable brands.
Under the MCOA umbrella, wholly owned subsidiary hempSMART™, Inc. is committed to bringing high quality CBD-based products to the market through its affiliate marketing program. Through hempSMART, MCOA’s strategic approach to the distribution of products is through a networking architecture geared to maintain customer loyalty and capture market share. The patent-pending product “hempSMART Brain,” is designed to revolutionize the safe and effective support of healthy brain function. The brand new product, HempSMART DROPS, is a full-spectrum CBD tincture formulated with hemp and fractionated coconut oils. The hempSMART marketing team has decades of experience, and is well positioned to take the hempSMART brand to a global audience.
Marijuana Company of America Inc. (MCOA), closed the day's trading session at $0.03942, up 6.54%, on 8,668,504 volume with 406 trades. The average volume for the last 60 days is 6,091,115 and the stock's 52-week low/high is $0.019/$0.0728.
- Marijuana Company of America Launches New CBD-Infused Cosmetic Product Hempsmart™ Face
- CBD Infusion into Growing Number of Products and Industries Skyrockets
- CannabisNewsAudio Announces Audio Press Release (APR) on Marijuana Company of America Inc. Cultivating Foothold in Budding Cannabinoid Market
ABcann Global (TSX.V: ABCN) (OTCQB: ABCCF)
ABcann Global Corporation (TSX-V:ABCN) (“ABcann”) is pleased to announce that its wholly-owned subsidiary, Harvest Medicine Inc. (“Harvest Medicine” or “HMed”), one of Canada’s fastest growing specialty medical cannabis clinics, has surpassed 15,000 active patients, reaching this significant milestone in under 18 months of operation. Harvest Medicine is poised to take its education focused model across Canada, through the opening of new locations and the launch of a purpose-built telemedicine app.
ABcann Global (TSX.V: ABCN) (OTCQB: ABCCF) is a globally licensed, cost efficient producer of premium quality, organic, standardized medicinal cannabis. One of the earliest licensed medical marijuana producers under Canada’s federally-controlled Access to Cannabis for Medical Purposes Regulations (ACMPR), ABcann has five years of operating experience in the burgeoning medical marijuana space through its flagship operation, ABcann Medicinals, Inc. The company recently received its Health Canada license to produce medical cannabis oils and is working toward production of saleable, extracted, finished products that will lead to a final inspection allowing sales of its oils.
“Receipt of the license to produce cannabis oils is a major milestone in our pursuit to provide our medical cannabis patients with additional product formats that can be precisely dosed. The expansion and innovation of our product lines are a top priority for the Company as we continue to serve the needs of our customers, and we anticipate strong demand for our cannabis oil products,” ABcann Global CEO Barry Fishman said.
ABcann Global owns and operates a fully functioning 14,500 square foot facility in Napanee, Ontario, which is being doubled in size to produce 1,400 kg of cannabis per year. The company’s expansion plans include adding a seasonal greenhouse and a hybrid, multipurpose facility, capable of producing 31,000 kg of cannabis per year between the two facilities, to be constructed on 65 acres it already owns near the Napanee facility. This additional location is properly zoned with existing infrastructure in place for an eventual 1.2 million square feet of production space.
ABcann has built a reputation over the years for its best-in-class standardized approach to growing cannabis that includes the absence of pesticides and a computer monitored growing technique that provides a consistent, pharmaceutical-grade with high yields. The company’s custom, scalable growing chambers with proprietary lighting can be replicated anywhere in the world, leading to lower production costs. This technique, which the company calls the ABcann Advantage, has helped it record a customer retention rate of 94.7 percent alongside 30 percent month-over-month customer growth. When combined with ABcann’s current yield rate, which it has measured at roughly 100 percent greater than the industry average, the company has constructed a strong foundation upon which to build a sizable presence in the global cannabis industry.
This global growth potential is illustrated by ABcann’s partnership with Israel’s Syqe Medical, producer of the world’s first selective-dose pharmaceutical grade medicinal plant inhaler. After visiting ABcann’s production facility, Perry Davidson, founder of Syqe Medical, noted that the company’s production technologies put it “in a class with the best in the world” in its ability to produce standardized pharmaceutical grade cannabis.
ABcann’s recent acquisition of Harvest Medicine Inc. represents further progress toward the company’s goal of becoming a vertically integrated medical cannabis company. Harvest Medicine is one of the fastest growing medical cannabis clinics in Canada – adding over 1,200 new patients monthly from a single location – with an aggressive expansion plan and a patient-focused approach that perfectly aligns with ABcann’s philosophy of quality and innovation.
ABcann’s seasoned management team, board of directors and advisory board features well over a century of combined industry experience. Fishman, who has over 20 years of experience as a business leader, previously served as CEO of both Teva Canada and Taro Canada, as vice president of marketing at Eli Lilly Canada, and as past chair of the Canadian Generic Manufacturers Association. He most recently served as CEO of international specialty pharmaceutical company Merus Labs.
Notably, ABcann also has access to the ‘Father of Cannabis Research’, Raphael Mechoulam, PhD, through its board of advisors. An organic chemist and professor of medicinal chemistry at the Hebrew University of Jerusalem, Mechoulam was the first scientist to isolate both cannabidiol (CBD) and tetrahydrocannabinol (THC). He has received more than 25 prestigious academic awards, including the Rothschild Prize in Chemical Sciences and Physical Sciences in 2012.
With more than 65 acres of growth capacity, a healthy cash balance to fund upcoming construction efforts, steady sales growth, industry-leading yield rates and an established operations team in place, ABcann is well positioned to compete in the rapidly expanding Canadian cannabis industry and beyond.
ABcann Global (ABCCF), closed the day's trading session at $1.0775, up 3.61%, on 164,521 volume with 143 trades. The average volume for the last 60 days is 267,266 and the stock's 52-week low/high is $0.65/$3.2929.
- Harvest Medicine Surpasses 15,000 Patient Milestone in under 18 Months of Operation
- ABcann Global Announces Results of Annual General Meeting
- CannabisNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Launches New Medical Cannabis Brand
FANDOM SPORTS Media Corp. (CSE: FDM) (OTC: FDMSF) (FRANKFURT: TQ42)
FANDOM SPORTS Media Corp. (CSE:FDM) (OTC:FDMSF) (FRANKFURT:TQ42) (“FANDOM SPORTS” or the “Company”) is pleased to announce that in conjunction with a U.S. focused digital marketing campaign, the FANDOM SPORTS App has been approved to the Galaxy App Store. Acceptance into the store ensures exposure to high quality Android users for Galaxy versions 7, 8 & 9.
FANDOM SPORTS Media Corp. (CSE: FDM) (OTC: FDMSF) (FRA: TQ42) taps into the primal, unfiltered passion of sports fans from around the world by providing an uncensored social media platform delivered through the FANDOM SPORTS mobile app. As an aggregator, curator and instigator of both company-created and user-generated content, the FANDOM SPORTS app is designed to entertain sports enthusiasts with real-time, interactive content on a mobile only app that offers bragging rights and real-life rewards. True sports addicts will appreciate an app that allows fans to pick a fight or create their own FanFights and rule over others as they trash talk their way to victory. The FANDOM SPORTS proprietary data centric “argument engine” measures and scores opinionated dialogue, as well as establishes consensus, giving fans and users the ability to dive deeper into one-of-a-kind cultural moments, cheer on favorite sports teams and slam dunk some sweet rewards.
Building on the company’s tag line – “Pick a Fight” – the FANDOM SPORTS app provides an always fresh, authentic rush of deeper-than-surface interactive content that resonates with the targeted age demographic of 18-34. Intense sports fans aren’t afraid of stepping up to the plate to engage other users by unleashing their opinions within the app’s structured debate resolution tool coined “FanFights.” Sports-loving fans can explore, gloat, vote, invite friends, create provocative FanFight topics and play to win while inside the FANDOM SPORTS app, which is currently available in the Apple App store and coming to the Google Play store imminently. The company’s self-learning algorithm predicts and collects user preferences while building relevant personalized FanFight channels, bringing the concept of competitive, in-your-face conversation to a whole new level of sports entertainment.
The FANDOM SPORTS app is free to play (F2P) with in-app purchase and subscription capabilities. The gaming aspect of the ecosystem is built on behavioral economics and delivers multiple revenue streams by maximizing average revenue per daily active user (ARPDAU) and user-generated content (UGC), with select placement of high-impact video and moment-based marketing as part of the brand-sponsored FanFights and in-app offers. The global platform enables applications (either FANDOM SPORTS created or 3rd party apps) to be operated in partnership with leading sports themed brands, leagues, and service providing companies within three verticals – live action, eSports, & fantasy – from around the world by supplying “interactive sports entertainment” to fans. The FANDOM SPORTS platform creates a bullet-proof snapshot of the app’s fan base through a Blockchain supported “PlayerCard” in tandem with the “Engagement Score”, which doubles as an invaluable acquisition and retention tool for its business operators. FANDOM SPORTS hosted transactions are placed on the distributed ledger, making them immutable and public to verified users interacting within the business ecosystem. Tracking this digital footprint provides extremely valuable metadata generated by users’ very dynamic behavior and sports passion.
FANDOM SPORTS’ Brand and Sponsorship partners are harnessing the affluent sports fans age 18-34 with integrated marketing content and service experience. The moments-based marketing integration will translate through FanCoin redemption, in exchange for items provided by programs established by FANDOM SPORTS and its clients. These programs are a key part of the business model and covers, as an example, the following partners; Sports Leagues, TelCo’s service offerings, and Content owners (i.e. FANDOM SPORTS provides new paying customers to the owners of pay-per-view platforms).
“Pick A Fight. Talk Trash. Get Rewarded.”
FANDOM SPORTS Media is an entertainment company that aggregates, curates and produces unique fan-focused content.
The FANDOM SPORTS App is the Company’s core product, which is the ultimate destination for unfiltered raw sports talk. The app allows passionate sports fans to unleash their primal sports passions, pick fights and earn rewards.
So download the app and bring your crew. Talking trash is better with friends. The more you invite, the more FanCoins you earn.
You may also visit the Company’s website at www.fandomsportsmedia.com or contact them directly at firstname.lastname@example.org.
The CSE has not reviewed and does not accept responsibility for the adequacy and accuracy of this information. This news release may contain forward-looking statements. These forward-looking statements do not guarantee future events or performance and should not be relied upon. Actual outcomes may differ materially due to any number of factors and uncertainties, many of which are beyond the Company’s control. Some of these risks and uncertainties may be described in the Company’s corporate filings (posted at www.sedar.com).
The Company has no intention or obligation to update or revise any forward-looking statements due to new information or events
FANDOM SPORTS Media Corp. (FDMSF), closed the day's trading session at $0.0879, up 3.41%, on 268,863 volume with 13 trades. The average volume for the last 60 days is 7,728 and the stock's 52-week low/high is $0.0629/$0.3911.
- FANDOM SPORTS Fast-tracked Approval to Samsung Galaxy App Store
- FANDOM SPORTS Media Corp. (CSE: FDM) (OTC: FDMSF) (FRA: TQ42) Brings the Passion of the Games Home to Fans
- NetworkNewsBreaks – FANDOM SPORTS Media Corp. (CSE: FDM) (OTC: FDMSF) (FRA: TQ42) Engages Aggressive Digital Marketing Campaign for Android Sports App
First Cobalt Corp. (TSX-V: FCC) (OTCQX: FTSSF)
First Cobalt Corp. (TSX-V: FCC; ASX: FCC; OTCQX: FTSSF) (the "Company") is pleased to announce that drill results from the Iron Creek Project in Idaho, USA continue to extend cobalt mineralization in the Waite Zone by an additional 50 metres to the west as well as to surface. The Waite Zone lies south and parallel to the historic No Name Zone. Mineralization has also been intercepted beyond the footwall of the Waite Zone, providing new targets for future drilling. Also today, it was reported that Trent Mell, CEO & President of First Cobalt was recently interviewed by Everett Jolly on the “Stock Day” podcast. Additionally, NetworkNewsWire reported on FTSSF’s nearing completion of a mineral resource estimate on a prized asset that it acquired earlier this month in Idaho.
First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF), with headquarters in Canada, is the largest land owner in the Cobalt Camp in Ontario with control of over 10,000 hectares (nearly 25,000 acres) of prospective land and 50 historic cobalt/silver mines. The company’s assets include a mill and the only permitted cobalt extraction refinery in North America capable of producing battery material, providing an integrated solution for cobalt projects. First Cobalt began drilling in the historic Cobalt Camp in 2017 and seeks to build shareholder value through new discovery and growth opportunities.
First Cobalt’s 2018 $C7 million drilling program, which includes testing different styles of mineralized areas throughout the Cobalt Camp in more than 10 past-producing mines known to contain cobalt, is a significant expansion over its 2017 exploration activities. The company received positive test drill results from the Bellellen mine location, with early results confirming the presence of high-grade cobalt and nickel, prompting First Cobalt to increase its drilling program at that site. A prospecting sampling program of existing muckpiles around the camp’s historic mines, trenches, pits and surrounding bedrock could provide an early production scenario.
First Cobalt Corp. is moving quickly to leverage its potential against an economic background that estimates global consumption for refined cobalt is set to grow at an average rate of approximately 5 percent per annum for the next 10 years. The electric vehicle market, in particular, is driving this sector since more than 50 percent of the world’s current production of cobalt is used in the manufacture of rechargeable lithium-ion batteries. The global lithium-ion battery market, as estimated by Zion Market Research, indicates the value at around USD $31 billion in 2016 and is expected to generate revenue of nearly USD $68 billion by end of 2022, growing at a compound annual growth rate of slightly above 17 percent.
First Cobalt is embracing innovation in the mining sector, utilizing a digital compilation of 100-plus years of mining and geological data spanning the historically prolific Cobalt Mining Camp’s lifespan. First Cobalt’s management team is also assessing the ability of artificial intelligence to accelerate the discovery cycle. As a member of the Mineral Exploration Research Centre (MERC) and Metal Earth Project, First Cobalt conducts regional geophysical surveys for geological interpretation of structures controlling cobalt-silver mineralization.
The company’s clear pathway to production and cash flow generation includes being one of only four fully permitted cobalt extraction refineries in Canada with significant material and processing infrastructure on site. With the price of cobalt increasing significantly and its importance in the growing battery market underpinning a strong long-term demand forecast, First Cobalt Corp. and its mining interests are primed for success.
First Cobalt Corp. President and CEO Trent Mell, a mining executive and capital markets professional with extensive international transactional experience, is joined by a team of reputable and seasoned deal-makers, mine builders and mine operators with decades of global experience in exploration, business development, geoscience, engineering and finance.
First Cobalt Corp. (FTSSF), closed the day's trading session at $0.4387, up 2.07%, on 160,770 volume with 63 trades. The average volume for the last 60 days is 156,186 and the stock's 52-week low/high is $0.375/$1.3041.
- First Cobalt Extends Mineralization at Iron Creek and Initiates Metallurgical Study
- Uptick Newswire’s “Stock Day” Podcast Welcomes First Cobalt Corp. CEO Trent Mell Back on the Show to Discuss Company Developments
- First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) Aims for October Report on Prized Idaho Site’s Mineral Potential
Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF)
Petroteq Energy Inc. (TSXV: PQE; OTC: PQEFF; Frankfurt: A2DYWC) (“Petroteq” or the “Company”), a company focused on the development and implementation of proprietary technologies for the energy industry, announced the successful unveiling of its environmentally friendly heavy oil processing and extraction plant located at the Asphalt Ridge in Uintah Basin, Utah.
Petroteq Energy Inc. (TSX.V: PQE) (OTC: 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 and gas exploration and production on mineral leases it owns in Texas with Accord GR Energy Inc. and in expanding production capacity at its Asphalt Ridge heavy oil extraction facility in Utah.
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, the Company’s collaboration formed with First Bitcoin Capital Corp. (OTC: BITCF). PetroBLOQ’s novel blockchain-based oil and gas supply chain management platform is currently being co-developed by the two companies.
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 CEO 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’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 3,000-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 Liquid Extraction System.
The company’s Texas location includes an ownership interest (46%) in 7,000 acres under mineral leases with Accord, a Houston-based oil and gas exploration company that focuses on the development and recovery of heavy oil reserves and deposits. Two enhanced, licensed oil recovery technologies designed to increase oil recovery from more than 80 shallow oil wells on the property are expected to substantially improve the recovery rates of heavy oil deposits in this area. In both the Utah oil sands and traditional oil patch Texas project, the Company, its subsidiaries and Accord are using proprietary technologies, processes and methodologies to recover heavy oil, providing a distinct, strategic economic advantage for Petroteq Energy and its shareholders.
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 Inc. (PQEFF), closed the day's trading session at $0.80, off by 2.83%, on 182,847 volume with 135 trades. The average volume for the last 60 days is 113,211 and the stock's 52-week low/high is $0.2395/$1.8892.
- Petroteq Unveils Asphalt Ridge Oil Extraction Facility, Initiates Production
- Petroteq Energy to Present at MicroCap Conference
- NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Details Issuance of Securities
Global Payout, Inc. (OTC: GOHE)
Global Payout Inc. (OTCPink:GOHE) (“Global”) is pleased to announce that their wholly owned subsidiary MTRAC Tech Corp. (“MTRAC”) has begun integrating their blockchain powered payment solution in their first merchant location, ManKind, a San Diego-based dispensary. Also today, the company was highlighted in a report on how the blockchain market has been receiving a boost from artificial intelligence advancements, allowing secure platforms to more efficiently operate and generate higher revenue levels.
Global Payout, Inc. (OTC: GOHE) provides comprehensive payment solutions that can be fully customized for virtually any domestic and international organization distributing money worldwide. The company is committed to enabling global access to technology for optimizing financial transactions and delivering a global financial eco-system with top-tier banking institutions and the highest level financial technology partnerships.
Today, more than ever before, commercial enterprises and government institutions need powerful financial technology solutions that have the flexibility to deliver innovative customer centric services and drive operational efficiency gains throughout the organization. The Global Reserve Platform is Global Payout’s fully configurable “banking-in-a-box” web-based platform that can fulfill the front-to-back office processing requirements of domestic, foreign exchange and international payment service providers. This platform is designed to improve work flow, operational efficiencies, and global financial management for enterprises operating across the globe.
The Global Reserve Platform can manage practically any financial product, including core and traditional banking products, online banking, card management, mobile wallets, merchant payment processing, biometric payments and authentication management, bill payments and P2P payments, international remittances, government benefits management, loans management, FOREX, and SWIFT / ACH / SEPA payments. Powered by the Global Reserve Administrative module, the platform can be customized for enterprises across a multitude of business sectors.
Investment in financial technology (FINTECH) companies has grown dramatically in recent years with the role of today’s banks shrinking and demand for improved financial solutions continuing to rise. As the industry has continued to expand rapidly, Global Payout’s management team has directed its focus on identifying the most promising market sectors with FINTECH needs. The four core areas selected are logistics, small and medium enterprises (SME), banking and travel.
In 2015, Global Payout introduced MoneyTrac Technology Inc. as a majority owned subsidiary to more effectively focus on the development of financial technologies that specifically address many of the challenges that enterprises in a variety of alternative and “high-risk” market sectors are faced with in processing financial transactions. Powered by Virtu Network Solutions, the MoneyTrac Technology platform is one the most configurable and intuitive financial technology platforms available to alternative and “high-risk” enterprises and provides them with solutions that effectively manages everything from pin debit and virtual currency, to compliance and cash flow logistics.
With the global economy constantly becoming more diversified and connected, Global Payout is well positioned with the technology software solutions its team has developed to address many different needs worldwide. Management has committed itself to exploring and identifying every avenue possible for further establishing itself as a recognized leader in FINTECH solutions.
Global Payout, Inc. (GOHE), closed the day's trading session at $0.0145, even for the day, on 7,684,705 volume with 153 trades. The average volume for the last 60 days is 8,325,058 and the stock's 52-week low/high is $0.0099/$0.16.
- Handing Over the Keys: Global Payout Launches First MTRAC Client
- Blockchain Creating Unique Technological Advancements For Next Generation Artificial Intelligence Technologies
- Moving MTRAC Into the Public Eye: Key Management Changes in Global Payout Inc.
Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP)
Lexaria Bioscience Corp. (OTCQX: LXRP) (CSE: LXX) (the "Company" or "Lexaria") announces warrant and option transactions. Lexaria announces it has received US$30,000 from the exercise of 50,000 warrants at the price of US$0.60, previously granted to third parties who are neither officers nor directors of the Company.
Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) has developed and out-licenses its proprietary technology for improved taste, rapidity, and delivery of bioactive compounds, including cannabinoids. Though boasting a wide range of health benefits, cannabinoids are traditionally poorly absorbed by the body’s gastrointestinal tract. To achieve higher effectiveness, consumers usually default to smoking. Lexaria provides a superior administration method by delivering hemp oil ingredients – or through locally licensed partners, cannabis oil ingredients – through a patented process within food products.
The key differentiator between Lexaria’s products and others on the market is the company’s disruptive technology proven to enhance the absorption of orally ingested cannabinoids while improving the “unusual” taste of cannabinoids and allowing for lower overall dosing with higher efficacy. Lexaria is primarily a B2B enterprise, and is in licensing discussions or has existing agreements with companies in Canada, the largest-market states in the USA, and internationally. Lexaria has also developed its own brands partly for demonstration purposes, utilizing its patented technology to infuse hemp oil ingredients within lipids in popular foods. These brands include ViPova™, Lexaria Energy Foods, and TurboCBD™.
In 2015, Lexaria commissioned an independent, third-party lab to test its technology under carefully monitored in vitro conditions. Results showed that the company’s technological process and lipid formulation both improve intestinal absorption as much as 500%. Additional follow-up studies in human volunteers suggested that Lexaria’s processed, lipid-infused tea may be more effective in an actual gastrointestinal system than in an in vitro simulation with results indicating as much as a 1,000% increase in overall absorption.
Lexaria also has an R&D partnership with the Canadian government’s National Research Council. That R&D is expected to characterize molecular bond formation theorized to occur with Lexaria’s unique technology between the lipid delivery agents and the bioactive substances it processes and combines. Results from this R&D are expected to support accelerating B2B relationships – not just in the cannabis industry, but also to support new B2B business relationships in the fields of vitamins, NSAIDs, and nicotine delivery. All of these sectors expected to offer additional future growth potential.
Aside from testing, a critical component of Lexaria Bioscience’s business model is a strong intellectual property portfolio that utilizes the most commonly used food processing techniques. As of 2017, the company’s patent portfolio includes 19 patent applications filed and pending in more than 40 countries around the world. The most recent patent applications expand Lexaria’s lipophilic food and beverage composition claims to include the processing of cannabinoids, vitamins, NSAIDs and nicotine in many of the world’s most commonly used food processing ingredients. Lexaria is expecting additional new patent awards both in the USA and internationally in 2017 and 2018.
Royalties play a vital role in Lexaria’s revenue-generating business model. The company out-licenses its technology (royalty) to third party partners, and has several deals signed and/or pending. The company’s growth initiatives are guided by a management team headed by CEO Chris Bunka, a serial entrepreneur who has raised more than $50 million in working capital for the companies he has led over the course of his career. He is supported by a team of professionals with extensive experience in pharmaceutical and bioscience sectors, invention, toxicology, consumer goods, and other relevant skillsets.
Lexaria Bioscience Corp. (LXRP), closed the day's trading session at $2.32, off by 1.28%, on 342,922 volume with 547 trades. The average volume for the last 60 days is 266,452 and the stock's 52-week low/high is $0.27/$2.54.
- Lexaria Announces Exercises of Existing Warrants and Options
- CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Strategically Positioned for Growth in Cannabis Industry
- Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Appeals to Investors with Slow Burn Rate, Model that Goes Beyond Cannabis Sector
Hiku Brands Co. Ltd. (CSE: HIKU) (OTC: DJACF)
Hiku Brands Co. Ltd. (CSE: HIKU) (OTC: DJACF) was highlighted today in a report examining how, as the Canadian recreational cannabis market approaches its birth via legalization, leaders in the industry are preparing for the inevitable consumer demand through ramped up measures to add strategic locations as well as well as a growing number of mergers and acquisitions.
Headquartered in British Columbia’s picturesque Okanagan Valley, Hiku Brands Co. Ltd. (CSE: HIKU) (OTC: DJACF) iis a premium cannabis lifestyle brand growing high-quality handcrafted cannabis flower. Hiku’s wholly owned subsidiary is a licensed producer of cannabis under the ACMPR that has requested its Pre-Sales License Inspection, the last step prior to receiving a license to sell cannabis under the ACMPR. Hiku’s Dominion Facility is a state-of-the-art ACMPR licensed production facility capable of producing approximately 660 kg year of dried cannabis flower. Hiku’s second facility, a 22,580 sq ft warehouse, “the FUTURE LAB”, is targeting its Phase 1 completion by Q2 2018 and once the facility is fully built-out utilizing an industry leading multi-tier system powered by LED lighting provided by Fluence BioEngineering, Hiku’s annual production capacity is expected to be in excess of 5,000 kgs. Hiku was founded by the proven entrepreneurial team that started SAXX Underwear®.
On December 21, 2017, Hiku and TS Brandco Holdings Inc. (“Tokyo Smoke”) announced that they have entered into a binding Letter of Intent (“LOI”) to merger the two companies and create a uniquely positioned cannabis company combining a best-in-class craft cannabis producer with an award-winning lifestyle brand and retail-focused cannabis company. It is anticipated that the combined company resulting from the merger will use the name “Hiku Brands Company Ltd.” (“Hiku”) to refer to the brand house containing premium cannabis brands DOJA, Tokyo Smoke, and Van der Pop.
Hiku recently closed on a $10 million strategic equity investment from Aphria Inc. (“Aphria”) (TSX:APH and US OTC: APHQF) to expand their product offering ahead of the recreational market.
Upon completion of the merger, Hiku will have a robust cash position of approximately $31 million, which it plans to invest in expanding its cannabis production capacity, growing its retail footprint, and adding select brands to its portfolio through highly strategic and complementary acquisitions.
About Tokyo Smoke
Founded in 2015 by Alan and Lorne Gertner, Tokyo Smoke is an award-winning cannabis lifestyle brand that brings sophistication and design to the fast-growing industry. With immersive experiences and design-first, non-dispensary retail spaces selling coffee, cannabis accessories and design products, the brand has six locations in Canada, with plans to expand nationwide. Recently named “Brand of the Year” at the Canadian Cannabis Awards, Tokyo Smoke has showcased excellence in brand storytelling, and has developed an international reputation as the go-to destination for engaging content offerings within the industry. With the acquisition of fellow designer cannabis brand Van der Pop, and by partnering with Aphria Inc. (TSX: APH and US OTC: APHQF) and WeedMD (TSXV: WMD), Tokyo Smoke continues to be the leading Canadian brand in the cannabis space.
Hiku is focused on handcrafted cannabis production, immersive retail experiences, and building a portfolio of iconic, engaging cannabis lifestyle brands. Hiku is differentiated as the only Canadian craft cannabis producer with a significant national retail footprint and a growing brand house including premium cannabis lifestyle brands DOJA, Tokyo Smoke, and Van der Pop.
Hiku’s wholly owned subsidiary, DOJA Cannabis Ltd., is a federally licensed producer pursuant to the ACMPR, owning two production facilities in the heart of British Columbia’s Okanagan Valley. The company operates a network of retail stores selling coffee, clothing and curated accessories, across British Columbia, Alberta and Ontario.
Hiku Brands Co. Ltd. (DJACF), closed the day's trading session at $0.9452, off by 4.53%, on 312,029 volume with 267 trades. The average volume for the last 60 days is 236,971 and the stock's 52-week low/high is $0.20/$3.8799.
- Canadian Cannabis Companies Prepare for Impending Legalization with Latest Efforts to Ramp Up Production Ahead of Anticipated Demand
- Hiku Brands Co. Ltd. (CSE: HIKU) (OTC: DJACF) Highlighted in BLOCKStrain Technology Corp. (TSX.V: DNAX) Article on Leveraging Big Data to Secure Cannabis Pipeline
- Hiku Brands Files 2018 First Quarter Results
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- The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Canada’s Potential Cannabis Demand and Supply Issues Heating Up Heading into the Summer
- TMSR Holding Company Ltd. (NASDAQ: TMSR) Subsidiary Employs Eco-friendly Alternative to Waste Disposal
- Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) Company FansUnite Entertainment Inc. Closes Oversubscribed Private Placement of $4,457,750 CAD
- Virtual Crypto Technologies Inc. (OTCQB: VRCP) Unveils New Point of Sale Terminals and Updated NetoBit Application
- Zenergy Brands, Inc. (OTC: ZNGY) Focuses on Helping Customers Reduce Utilities Use
- Zenosense, Inc. (OTC: ZENO) Breakthrough Quantitative MIDS Testing Results
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