The QualityStocks Daily Thursday, June 30th, 2022

Today's Top 3 Investment Newsletters

MarketClub Analysis(REVBW) $0.0796 +47.96%

OTCtipReporter(NRSN) $3.3800 +23.36%

QualityStocks(CELU) $3.4000 +21.00%

The QualityStocks Daily Stock List

Accelerate Diagnostics (AXDX)

The Street, MarketBeat, Marketbeat.com, InvestorPlace, Money Morning, StreetInsider, CustomerService, Schaeffer's, TradersPro, Barchart, INO.com Market Report, QualityStocks, Kiplinger Today, Street Insider, StreetAuthority Daily, Trader Prep, Schaeffer’s, Daily Trade Alert, Daily Market Beat, Shah's Insights & Indictments, StockMarketWatch and Agora Financial reported earlier on Accelerate Diagnostics (AXDX), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Accelerate Diagnostics Inc. (NASDAQ: AXDX) (FRA: 1AB) (BMV: AXDX) is an in vitro diagnostics firm that is engaged in the provision of solutions for diagnosing severe bacterial infections.

The firm has its headquarters in Tucson, Arizona and was incorporated in 1982, on May 26th. Prior to its name change in December 2012, the firm was known as Accelr8 Technology Corp. The firm serves consumers in the Middle East, Europe and the United States, as well as the worldwide healthcare sector.

The company’s platform, the Accelerate ID/AST system, is used to determine if live fungal or bacterial cells observed in a sample are defenseless against a specific antibiotic. The system can also analyze positive blood culture samples in about 5 hours, which is faster, in comparison with conventional testing methods.

The enterprise offers a test kit for its system known as the Accelerate PhenoTest, which identifies and tests for antibiotic susceptibility in patients who may have fungemia or bacteremia, which are both life-threatening conditions with high mortality and morbidity risk. In addition to this, it provides an in vitro diagnostic platform known as the Accelerate Pheno system, which identifies and tests for antibiotic susceptibility of pathogens linked to severe healthcare-associated infections including gram-negative and gram-positive organisms.

The firm’s new IVD Accelerate PhenoTest BC kit configuration was recently CE marked and will soon be available in Europe. This move not only offers options that accommodate the different lab and clinical settings in Europe but will also extend the firm’s consumer reach, which may in turn boost its growth.

Accelerate Diagnostics (AXDX), closed Thursday's trading session at $0.9927, up 15.0023%, on 497,715 volume. The average volume for the last 3 months is 496,491 and the stock's 52-week low/high is $0.502/$8.68.

Celularity Inc. (CELU)

MarketBeat, The Online Investor, QualityStocks and BUYINS.NET reported earlier on Celularity Inc. (CELU), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Celularity Inc. (NASDAQ: CELU) is a clinical-stage biotechnology firm that is focused on the development of allogeneic T cell therapies.

The firm has its headquarters in Florham Park, New Jersey and was incorporated in 2016. The firm serves consumers in the United States.

The company develops allogeneic tissues and cells derived from umbilical cords and postpartum placentas, which are used to create transformative therapeutics for various indications like Crohn’s disease and cancer. It operates through the BioBanking, Degenerative disease and Cell therapy segments.

The enterprise’s lead therapeutic programs include a mesenchymal-like adherent stromal cell dubbed APPL-001, which has been developed to treat Crohn’s disease; an allogeneic genetically modified NK cell known as CYNK-101, which is indicated for the treatment of HER2+ gastric cancer; and an allogeneic unmodified NK cell dubbed CYNK-001, which is in phase 2a trials testing its effectiveness in treating glioblastoma multiforme and in phase 1 clinical trials evaluating its efficacy in treating acute myeloid leukemia. It also develops an allogeneic CAR-T therapy dubbed CYCART-19, which is indicated for the treatment of B-cell malignancies. The enterprise also licenses and sells products used in the wound care markets, like Interfyl and Biovance. This is in addition to offering cell storage under the LifebankUSA brand.

The firm’s CYNK-001 formulation was recently granted Fast Track Designation by the FDA for its use in treating acute myeloid leukemia. This brings the formulation one step closer to approval, which will benefit patients with this indication while also bringing in more investors into the firm, who’ll positively influence its growth.

Celularity Inc. (CELU), closed Thursday's trading session at $3.4, up 20.9964%, on 886,238 volume. The average volume for the last 3 months is 883,238 and the stock's 52-week low/high is $2.76/$13.40.

Innovus Pharmaceuticals, Inc. (INNV)

QualityStocks, SeeThruEquity Research, MarketBeat, Wall Street Mover, Profitable Trader Authority, Penny Pick Finders, Buzz Stocks, Emerging Markets, StockOnion, Fortune Stock Alerts, PennyStockProphet, TopPennyStockMovers, OTCtipReporter, Planet Penny Stocks, PennyStockScholar, DSR News, PennyPickAlerts, Streetwise Reports, StreetInsider, Promotion Stock Secrets, BUYINS.NET, StockRockandRoll, StockMister, HotTopPennyStocks, PennyStockLocks, Marketbeat.com, PHUB News, OTPicks, PoliticsAndMyPortfolio, Penny Stock 101, Penny Stock Bets, Penny Stock Circle, Penny Stock Hub, 1-2-3 Stock Alerts and StockMarketQuote.us reported earlier on Innovus Pharmaceuticals, Inc. (INNV), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Innovus Pharmaceuticals, Inc. is an emerging commercial-stage pharmaceutical company based in San Diego, California. The Company delivers safe, innovative and effective over-the-counter (OTC) medicine and consumer care products to improve men’s and women's health and respiratory diseases. Its dedication is to being a leader in developing and marketing new OTC and branded Abbreviated New Drug Application (ANDA) products. Established in 2008, Innovus Pharmaceuticals lists on the OTCQB.

The Company is pursuing opportunities where existing prescription drugs have recently, or are expected to, change from prescription (Rx) to OTC. Innovus delivers unique and innovatively presented and packaged health solutions via its OTC medicines and consumer and health products that it markets directly, via commercial partners to primary care physicians, urologists, gynecologists and therapists, and directly to consumers via its on-line channels, retailers and wholesalers.

Innovus Pharmaceuticals has products for a range of indications. These include Brain Health, Diabetes, Fertility, Men’s Health, Pain Management, Respiratory, Vitality, Vision, and Women’s Health.

Innovus Pharmaceuticals, Inc. (INNV), closed Thursday's trading session at $4.38, up 13.4715%, on 172,252 volume. The average volume for the last 3 months is 172,252 and the stock's 52-week low/high is $3.46/$22.46.

Autoscope Technologies (AATC)

Daily Trade Alert reported earlier on Autoscope Technologies (AATC), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Autoscope Technologies Corp. (NASDAQ: AATC) (FRA: IM90) is focused on the development and marketing of radar and video processing products for use in traffic data collection, tunnel and bridge traffic management, highway and intersection applications.

The firm has its headquarters in Minneapolis, Minnesota and was incorporated in 1984. It operates as part of the scientific and technical instruments industry, under the technology sector. The firm serves consumers in North America, the Middle East, Europe and the Asia Pacific.

The enterprise operates through the Highway and Intersection segments. It offers RTMS radar systems which use radar to measure classification information, speed, occupancy, volume and vehicle presence for roadway monitoring applications; and Autoscope video systems that process video input from a traffic scene in real-time and extract the traffic data, including flow rate, turning movements, time occupancy, length, speed, counts, bicycle presence/differentiation and vehicle presence. It also provides IntellitrafficQ software that offers traffic measurement and data collection across small and large areas. The enterprise markets and sells its products to end-users who comprise tunnel, highway, port, county, city, state and federal departments of transportation as well as other transportation authorities, as well as to other suppliers of services and systems.

The company recently announced its latest financial results, with its CEO noting that they remained focused on investing in new products which they plan to bring to market soon. This will not only bring in additional revenues into the company while also extending its consumer reach, but also bolster its growth significantly.

Autoscope Technologies (AATC), closed Thursday's trading session at $5.46, up 1.9456%, on 5,408 volume. The average volume for the last 3 months is 5,408 and the stock's 52-week low/high is $5.06/$8.4399.

Mind CTI (MNDO)

Wall Street Resources, The Online Investor, Zacks, The Street, Marketbeat.com, InvestorPlace, Weekly Wizards, Top Pros' Top Picks, TheStockAdvisors, StockMarketWatch, SmallCapInvestor.com, Short Term Wealth, QualityStocks, Oakshire Financial and MarketBeat reported earlier on Mind CTI (MNDO), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Mind CTI Ltd (NASDAQ: MNDO) is focused on designing, developing, marketing, supporting, implementing and operating customer care and billing systems.

The firm has its headquarters in Yokne'am Illit, Israel and was incorporated in 1995, on April 6th by Monica Iancu. It operates as part of the software-application industry, under the technology sector. The firm serves consumers in Africa, the Asia Pacific, Israel, Europe and the Americas.

The company operates through the Messaging and the Billing and related services segments. It generates its revenues from the sale of software services and products. The company has 3 product lines; Product Line A, B and C. Product Line A offers customer care and billing solutions for service providers; Product Line B provides call management and call accounting solutions for enterprises; and Product Line C offers payment, communication and mobile messaging solutions.

The enterprise provides professional services which consist of project management, customizations, integration, customer maintenance and support and turnkey project delivery, as well as managed services, which include daily billing and operational tasks to its customer care and billing customers. It also offers a call management system dubbed PhonEX One, which records, collects and stores call data that is used by organizations for fraud detection, traffic analysis, call accounting and telecom expense management.

The company, which recently announced its latest financial results, remains focused on investing in new technologies that will enhance its offering while also pursuing acquisitions that may drive its growth. This will help create shareholder value while also encouraging more investments into the company.

Mind CTI (MNDO), closed Thursday's trading session at $2.3778, up 1.183%, on 24,001 volume. The average volume for the last 3 months is 24,000 and the stock's 52-week low/high is $2.20/$3.80.

NN Inc. (NNBR)

SmarTrend Newsletters, Zacks, StreetInsider, MarketBeat, BUYINS.NET, PowerRatings Stocks, Trades Of The Day, The Best Newsletters, Street Insider, The Street, The Wall Street Transcript, TradersPro, Penny Invest, Money and Markets, Marketbeat.com, Market FN, Hit and Run Candle Sticks, FNNO Newsletters and StockEgg reported earlier on NN Inc. (NNBR), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

NN Inc. (NASDAQ: NNBR) (FRA: NN2) is a diversified industrial firm that is focused on designing, manufacturing and selling high-precision components and assemblies.

The firm has its headquarters in Charlotte, North Carolina and was incorporated in October 1980 by Richard D. Ennen. It operates as part of the conglomerates industry, under the industrials sector. The firm has sixty-five companies in its corporate family and serves consumers around the globe.

The company operates through the Power Solutions and the Mobile Solutions segments. The former segment is involved in designing, manufacturing and selling a range of high-precision plastic and metal components, finished devices and assemblies used in a number of applications, including military devices, flight control and power control. Its products include precision stampings, contact assemblies, connectors and electrical contacts for the medical end-use, defense, aerospace, automotive, general industrial and electrical markets. This segment is also involved in the production of a range of instruments and tools for the medical/surgical end-use and the orthopedics markets. On the other hand, the latter segment is focused on manufacturing and selling system critical components for automotive end-use and general industrial markets. This segment’s products are used in heating, ventilation and air conditioning, as well as in diesel emissions treatment, diesel injection, gasoline fuel system, transmissions, braking and power steering applications.

The enterprise, which recently announced its latest financial results, remains focused on growing its sales pipeline and delivering increased shareholder value. This will positively influence the enterprise’s growth while also allowing it to better meet consumer needs.

NN Inc. (NNBR), closed Thursday's trading session at $2.53, off by 3.0651%, on 382,660 volume. The average volume for the last 3 months is 382,660 and the stock's 52-week low/high is $2.16/$7.52.

Dixie Group (DXYN)

SmarTrend Newsletters, Zacks, TradersPro, PoliticsAndMyPortfolio, MarketBeat, TopPennyStockMovers, StreetAuthority Daily, Marketbeat.com, Wall Street Resources, Trading Concepts, SmallCapNetwork, RedChip, QualityStocks and Penny Sleuth reported earlier on Dixie Group (DXYN), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

The Dixie Group, Inc. (NASDAQ: DXYN) (FRA: DX6) is a carpet and rug mills firm that is focused on manufacturing, marketing and selling floor-covering products to residential and commercial customers.

The firm has its headquarters in Dalton, Georgia and was incorporated in 1920. It operates as part of the textile manufacturing industry, under the consumer cyclical sector. The firm serves consumers around the globe, with a focus on those in North America.

The company’s business comprises principally of the manufacture, marketing and sale of luxury vinyl tiles, finished rugs and carpets in the domestic floor covering market. It has one reportable segment; floor covering. The company’s brands include Masland Hospitality, Masland Contract, Atlas Carpet Mills, Dixie Home, Masland Residential and Fabrica.

The enterprise provides custom rugs, residential carpets and engineered wood products under the Fabrica brand for manufacturers of luxury motor coaches and yachts, luxury home builders, selected furniture stores and retailers, interior designers and decorators; and broadloom carpet products and luxury vinyl flooring products under the Masland Residential brand for specialty floor-covering retailers and the interior design community. It also offers residential tufted broadloom rugs and carpets to selected home centers and retailers under private label brands as well as the Dixie Home brand.

The firm, which remains focused on strengthening its financial position, recently introduced new product offerings to the market in addition to launching a new segment. This will drive its revenue growth while also encouraging more investments into the firm, which will positively influence its growth.

Dixie Group (DXYN), closed Thursday's trading session at $1.28, even for the day, on 40,357 volume. The average volume for the last 3 months is 40,350 and the stock's 52-week low/high is $1.22/$6.98.

Schmitt Industries (SMIT)

StreetInsider, StockMarketWatch, TradersPro, MarketBeat, Marketbeat.com, PennyOmega, QualityStocks, CRWEFinance, CRWEPicks, CRWEWallStreet, DrStockPick, MarketClub Analysis, BestOtc, PennyToBuck, Zacks, SmallCapInvestor.com, StockHotTips, StockRockandRoll, Street Insider, TopPennyStockMovers and PennyStockLocks.com reported earlier on Schmitt Industries (SMIT), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Schmitt Industries, Inc. (NASDAQ: SMIT) (FRA: SI1A) is focused on designing, manufacturing and selling test and measurement products.

The firm has its headquarters in Portland, Oregon and was incorporated in 1987 by Wayne A. Case. It operates as part of the scientific and technical instruments industry, under the technology sector. The firm serves consumers internationally, with a primary focus on the United States.

The company operates through the Ice cream and Measurement segments. The ice cream segment is involved in the manufacture, retail and wholesale of ice cream and ice cream cakes. It also sells these products via its website and holds a number of community-building events which include music performance, live comedy and ice cream classes through its Ample Hills Creamery brand. On the other hand, the Measurement segment is focused on manufacturing and selling laser light sensors for dimensional sizing and distance measurement products under the Acuity brand name. These products can be used in a range of industrial applications, including surface inspection, medical imaging, paper and glass production, steel casting, lumber production and manufacturing. This segment also provides an accurate distance sensor known as AS2100, for use in various applications; and a high speed laser sensor dubbed AR550, for application in vehicle crash tests, road scanning, vibration measurements and ballistic measurements. This is in addition to providing satellite-focused remote tank monitoring products under the Xact brand, which measures the fill levels of tanks holding diesel, propane and other tank-based liquids.

The enterprise, whose long-term strategy is to grow the value of its shareholders, is focused on its Ample Hills business to help accelerate its growth. This move will, in addition to generating significant revenue for the enterprise, positively influence investments.

Schmitt Industries (SMIT), closed Thursday's trading session at $3.9, up 1.2987%, on 577 volume. The average volume for the last 3 months is 577 and the stock's 52-week low/high is $3.61/$6.76.

Arch Resources Inc. (ARCH)

InvestorPlace, MarketBeat, Zacks, MarketClub Analysis, The Online Investor, TradersPro, Kiplinger Today, Daily Wealth, The Street, Schaeffer's, StreetAuthority Daily, QualityStocks, Barchart, StreetInsider, Trades Of The Day, InvestorGuide, Investing Daily, Uncommon Wisdom and Daily Trade Alert reported earlier on Arch Resources Inc. (ARCH), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

China is poised to ramp up coal production amid a significant surge in electricity demand. With central and northern China experiencing a historic heat wave, millions of Chinese residents in Hubei, Henan and Shandong provinces have been turning to their air conditioners to keep the heat at bay.

Last week, numerous cities in Shandong warned residents to stay inside as heat levels soared past 40oC. Since the region is home to more than 100 million people, its electrical grid saw an upsurge in electricity consumption as people stayed indoors and turned on their air conditioners.

In the neighboring Hubei province, temperatures got so high that cement roads cracked under the sweltering heat, leading to two days of record power consumption. During a visit to a thermal plant in Hubei province, Chinese Premier Li Keqiang stated that the Asian country must ramp up its coal production capacity to keep up with the increasing demand and prevent power outages.

Down in South China, millions of Chinese citizens are dealing with record rainfall and floods that have caused losses worth $1.86 billion (12.48 billion yuan) so far.

It’s not particularly surprising that these extreme weather events are hitting China. It is currently the largest producer of coal in the world and, as a result, emits more greenhouse gases yearly than any other country.

China has been trying to combat the effects of dumping millions of tons of greenhouse gases into the atmosphere by investing in renewable energy. The Asian country has spent a great deal on developing wind turbines, hydroelectric dams and solar panels, adding nearly 72 gigawatts of wind power, 13 gigawatts of hydropower and 47 gigawatts of solar power in 2020. The government has also invested in beefing up the country’s network of EVs and helped to increase EV adoption through generous electric vehicle subsidies.

However, despite these efforts, China still relies a great deal on coal. More than 50% of the country’s power capacity is generated through coal, and the country was forced to up its coal production during the coronavirus pandemic to weather an energy crisis.

In just the first six months of 2022, China has managed to add new coal power capacity that is triple what the rest of the world can generate. With global warming now in the mix, it looks like China is being forced to rely on coal for energy production even as it strives to move away from coal to clean, renewable energy.

It isn’t only in China where the use of coal is ramping up; even North American-based companies such as Arch Resources Inc. (NYSE: ARCH) are enjoying a period of rising demand for the coal they extract.

Arch Resources Inc. (ARCH), closed Thursday's trading session at $143.09, off by 5.6632%, on 653,654 volume. The average volume for the last 3 months is 653,542 and the stock's 52-week low/high is $53.42/$183.53.

Compass Pathways PLC (CMPS)

InvestorPlace, MarketBeat, Daily Trade Alert, StreetInsider, Schaeffer's, Trades Of The Day, The Street and QualityStocks reported earlier on Compass Pathways PLC (CMPS), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

A psychedelics company recently scored a major win after the Patent Trial and Appeal Board (PTAB) upheld a novel psychedelic patent that was under challenge. Compass Pathways PLC (NASDAQ: CMPS), a mental healthcare company based in the United Kingdom, synthesized and patented a type of psilocybin called Comp 360.

In late 2021, a nonprofit called Freedom to Operate issued a legal challenge against the patents, arguing that Comp 360, which is also known as Polymorph A, was not a new and unique invention. The nonprofit stated that the synthetic psilocybin existed in the public domain and was not a novel invention that could be patented. Freedom to Operate used research that had been published in the “ActaCrystallographica Section C” journal as evidence that Comp 360 was not a new version of psilocybin, sending a petition to the PTAB to have the patent revoked.

However, after months of deliberations, the appeal board has upheld the patents, stating that the nonprofit didn’t provide enough convincing evidence and that the research Freedom to Operate provided did not line up with Comp 360. The Patent Trial and Appeal Board announced that the challenge against Compass Pathways’ patents would not go to trial. Furthermore, Freedom to Operate will not be allowed to appeal against the ruling.

Freedom to Operate’s founder and director Carey Turnbull states that although the organization isn’t happy with the board’s decision, it hopes that generic psilocybin manufacturers will be able to produce and distribute the psychedelic without violating Compass Pathway’s psilocybin patents.

The Freedom to Operate lawyer explains that since Compass Pathways only owns the “polymorph” shape of psilocybin through its patents, other manufacturers can develop and commercialize psilocybin as long as it isn’t in the Polymorph A shape.

On the other hand, Calyx Law patent lawyer Graham Pechenik says that he would have been quite disappointed with the rulings if he was the petitioner. He called it a complete win for Compass Pathways, stating that the UK-based mental healthcare company had won on every issue and that its position had not been weakened in the slightest. Companies will still struggle to make sure they don’t infringe upon the company’s psilocybin pathways, Pechenik noted.

Either way, Compass Pathways will now be able to move forward with plans involving Comp 360. The company recently announced that it would fund a study to see how Comp360 psilocybin can be used to treat autistic adults. This research could be instrumental in finding novel ways to treat symptoms of autism that cause distress.

Compass Pathways PLC (CMPS), closed Thursday's trading session at $10.82, up 4.4402%, on 197,044 volume. The average volume for the last 3 months is 197,044 and the stock's 52-week low/high is $6.54/$49.515.

BIT Mining Limited (BTCM)

MarketClub Analysis, QualityStocks, Schaeffer's and StocksEarning reported earlier on BIT Mining Limited (BTCM), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced the closing of its registered direct offering with certain institutional investors. The registered direct offering consisted of the purchase and sale of 16,000,000 of the company's American Depositary Shares (“ADSs”) (or pre-funded warrant to purchase certain ADSs (“ADS Equivalent”) in lieu thereof), Series A Warrants to purchase up to an aggregate of 16,000,000 ADSs and Series B Warrants to purchase up to an aggregate of 16,000,000 ADSs, at a combined purchase price of US$1.00 per ADS (or ADS Equivalent) and associated warrants. Each ADS represents ten Class A ordinary shares, par value US$0.00005 per share, of BIT Mining. H.C. Wainwright & Co. LLC acted as the exclusive placement agent for the offering.

In addition, the company announced the completion of a spin-off with Viking Data Centers LLC in developing and operating the Ohio cryptocurrency mining data center (the “Ohio Mining Site”). The company had been jointly developing the Ohio Mining Site with Viking Data Centers through its affiliate for a total planned power capacity of 150 megawatts (“MW”). After completion of the spin-off, the company, through its affiliate, has exclusive access to 82.5MW of planned electrical power and Viking Data Centers has exclusive access to the remaining 67.5MW, in accordance to their respective equity ownership immediately prior to the spin-off.

“We will continue to devote our resources to the Ohio Mining Site in light of better cost control and operational efficiency improvement,” said Xianfeng Yang, CEO of the company. “While the cooperation with Viking Data Centers has helped with our initial entrance into the North American market, we believe that carving out the Ohio Mining Site business will further enhance our overall operational efficiency as we expand our business. Going forward, we are considering collaborations with Viking Data Centers on other projects. We will continue to execute on our plan, investing in technology, innovation and high-quality mining resources worldwide, while building a strong foundation across the cryptocurrency ecosystem.”

To view the full press releases, visit https://ibn.fm/Z1ZcC and https://ibn.fm/vIBrf

BIT Mining Limited (BTCM), closed Thursday's trading session at $0.6201, up 1.5891%, on 920,979 volume. The average volume for the last 3 months is 855,664 and the stock's 52-week low/high is $0.60/$14.65.

Cadre Holdings Inc. (CDRE)

MarketBeat reported earlier on Cadre Holdings Inc. (CDRE), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

noopener" target="_blank">Cadre Holdings (NYSE: CDRE), a global leader in the manufacturing and distribution of safety and survivability equipment for first responders, has closed an underwritten public offering of 4,000,000 shares of its common stock, which includes 2,250,000 primary shares of common stock by the company and 1,750,000 secondary shares of common stock by certain selling stockholders. The shares were sold at a public offering price of $23.50 per share. The company has also granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of its common stock. Cadre intends to use the net proceeds to reduce outstanding indebtedness as well as for general corporate purposes. Selling stockholders will receive all net proceeds from the sale of shares of common stock sold by them in the offering. Roth Capital Partners acted as co-manager for the offering.

To view the full press release, visit https://ibn.fm/3ROx6

About Cadre Holdings Inc.

Headquartered in Jacksonville, Florida, Cadre is a global leader in the manufacturing and distribution of safety and survivability products for first responders. Cadre's equipment provides critical protection to allow users to safely and securely perform their duties and protect those around them in hazardous or life-threatening situations. The company's core products include body armor, explosive ordnance disposal equipment and duty gear. Its highly engineered products are utilized by domestic and international first responders in state and local law enforcement, fire and rescue, explosive ordnance disposal, emergency medical technicians, as well as numerous federal agencies and foreign government agencies in 104 countries. Cadre’s key brands include Safariland(R) and Med-Eng(R), amongst others. For more information, please visit www.Cadre-Holdings.com.

Cadre Holdings Inc. (CDRE), closed Thursday's trading session at $19.67, up 3.7995%, on 219,195 volume. The average volume for the last 3 months is 218,008 and the stock's 52-week low/high is $14.16/$28.49.

The QualityStocks Company Corner

Pressure BioSciences Inc. (PBIO)

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

Pressure BioSciences (OTCQB: PBIO), a leader in the development and sale of innovative, broadly enabling, pressure-based instruments, consumables, and specialty testing services to the worldwide food and beverage, biotherapeutics, and personal wellness industries, will e participating in a June 30 webinar sponsored by FORCE Family Office. Titled “Revolutionizing the Development of Plant-Based Food Products,” the real-time, interactive event will provide information about PBIO’s three pressure-based technology platforms, with an emphasis on the company’s Ultra Shear Technology(TM) (“UST”) platform. The company is inviting investors, analysis and advisors to attend the presentation, which will include a question-and-answer segment. The webinar is scheduled for June 30, 2022, at noon ET. The largest network of family offices in the United States, with substantial growth internationally as well, FORCE is focused on helping family offices connect with private and public companies for co-investment, research, education and philanthropy. To register for and attend the event, visit https://ibn.fm/KFqzl. To view the full press release, visit https://ibn.fm/MxtmM

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

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

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

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

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

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

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

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

Pressure BioSciences Inc. (PBIO), closed Thursday's trading session at $1.74, up 2.3529%, on 16,122 volume. The average volume for the last 3 months is 16,122 and the stock's 52-week low/high is $1.51/$4.98.

Recent News

Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF)

The QualityStocks Daily Newsletter would like to spotlight Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF).

Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) last year appointed Marc Aneed as the CEO, with Aneed assuring investors that the company would remain focused on driving shareholder value into 2022 and beyond. “Under his leadership, Eat Well Investment Group has disrupted the multibillion snack food market. In addition, it has fortified its vertically integrated approach to feeding people delicious, more nutritious food at a lower cost. The company also completed strategic acquisitions, most notably, Sapientia. In addition, Eat Well closed a strategic investment from Nurture Health Food LLP. Mr. Aneed notes that this investment will be integral to the company’s international growth while setting the stage for further collaboration,” a recent article reads. As part of the company’s aggressive expansion drive, Eat Well availed its majority-owned portfolio company, Amara Organic Foods, in approximately 200 HEB Grocery Company LP locations across the U.S. within the first quarter of 2022. This additional distribution added to Amara’s strong retail footprint. With the company looking to achieve approximately CA$100 million in revenue in 2022, up from CA$57.9 million posted in 2021, “this target will be achieved by Eat Well’s plan to upgrade and expand its production facilities to meet demand increases through its portfolio company, Belle Pulses.” To view the full article, visit https://ibn.fm/RkuR8

Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF), headquartered in Vancouver, British Columbia, is a publicly traded vertically integrated plant-based foods company combining the best of agribusiness, foodtech, and CPG brands to supply the world with innovative, delicious, and better-for-you foods. The company supplies Beyond Meat, Ingredion, Nestle, General Mills and more. It is on track to generate $60 million in revenue for 2021 and is projecting $100 million in revenue for 2022.

Eat Well’s management team has an extensive record of sourcing, financing and building successful companies across a broad range of industries and maintains a current investment mandate on the health and wellness industry. The team has financed and invested in early-stage venture companies for more than 25 years, resulting in the ability to construct a portfolio of opportunistic investments intended to generate superior risk-adjusted returns. Eat Well’s strategic advisory board includes pioneers in the plant-based foods industry, including HRH Prince Khaled bin Alwaleed bin Talal Al Saud, Founder and Chief Executive Officer of KBW Ventures, and Jeff Dunn, CEO of Bolthouse Farms who previously held senior leadership positions at both Campbell Soup Company and The Coca Cola Company.

The company’s plant-based investment thesis is centered on growing its seed-to-market operations, which include raw ingredients, processing, pulse fractionation, unique IP and premium consumer packaged goods (CPG). Eat Well Group is building a unique ecosystem that can supply these essential cornerstone needs for society. The company has plant-based foods and nutrition experts specializing in the latest science and original thinking for what consumers want most – high quality and affordability in healthy, clean and simple products.

Eat Well focuses on intellectual property, product portfolio development and long-term value creation for stakeholders in a rapidly expanding industry. As an emergent sector globally, plant-based foods represent a double-digit annual growth category, with more than 35% of the world’s supply of pulse proteins coming from Canada.

Portfolio

On July 31, 2021, Eat Well Group acquired Belle Pulses Ltd., one of the top pulse processors in Canada. Belle Pulses has been operating for over 40 years and had over $60 million in sales in 2020. The company counts a broad range of customers in over 35 countries, including global strategic food companies and major ingredient distributors. Currently, Belle produces nearly 100,000 tons of fully traceable seed and product, yielding over 26,000 tons of pure plant protein.

Eat Well also owns 100% of Sapientia Technology Inc. Led by Dr. Eugenio Bortone – one of the world’s preeminent food scientists and extrusion processing experts and the inventor of Frito-Lay’s Twisted Cheetos – Sapientia has filed four patents around the “protein curl” and crispy-puff-style snack. By focusing on texture and crunch, Sapientia’s patents solve one of the major problems that large scale snack food companies have struggled with for years – how to offer appealing texture and flavor in a guilt-free, not fried, natural and healthy alternative to the majority of snack food products available today.

Eat Well owns a 51% share of Amara Organic Foods, with an option to acquire additional ownership up to 80 percent. Amara, one of the fastest-growing baby food brands in America, is a food technology company that uses science and proprietary IP that locks in taste and texture to make healthy, organic, non-GMO, plant-based, convenient baby and children’s food possible for modern-day families. From baby food to toddler food and beyond, Amara is driven by the belief that setting kids on the right path from a young age will help them live better, feel better and think better for the rest of their lives. Amara’s revenues have grown by more than 400% since January 2021, and the brand’s success has drawn media coverage from business news outlets including Forbes and TechCrunch.

Market Outlook

According to an August 2021 report from Bloomberg Intelligence, the plant-based foods market is expected to experience explosive growth, comprising up to 7.7% of the global protein market by 2030 at a value of over $162 billion, up from $29.4 billion in 2020. Bloomberg notes that plant-based alternatives are here to stay, and that consumption will grow rapidly. Plant-based food sales in 2020 grew twice as fast as overall food sales, according to Polaris Market Research.

Pulse proteins (fava, yellow pea, etc.) are a foundational ingredient to most plant-based foods due to their high protein content and their readily available, affordable supply.

Many analysts view the food tech market as similar to the early days of the Internet in that plant-based foods represent a worldwide secular trend of steady growth and potential that will revolutionize the way society functions and people experience nutrition.

The sector continues to experience significant M&A transactions. Recently, Sol Cuisine was acquired by PlantPlus Foods LLC, a major South American protein producer, in an all-cash transaction valued at approximately $126 million, or 6x revenue.

Management Team

Marc Aneed is President and Director of Eat Well Group. His 20-year career in CPG started at The Quaker Oats Company/PepsiCo, where he worked on iconic brands like Gatorade. He previously was at Glanbia PLC, a global nutrition company, where he led Amazing Grass, a leading plant nutrition and supplement company with over $100 million in retail sales. He also led Glanbia’s Sports Nutrition brands in North America with over $750 million in retail sales. Mr. Aneed has launched dozens of successful consumer products, driving over $1 billion in collective retail sales.

Mark Coles is the company’s Chief Investment Officer. He is a veteran CPG senior executive specializing in the plant-based foods sector. For the past decade, Mr. Coles has spearheaded global plant-based start-up initiatives, culminating in a 2020 acquisition by an international New York Stock Exchange-listed food ingredient company. He has over 25 years of experience in CPG-focused strategy, mergers and acquisitions and project financing.

Patrick Dunn is Eat Well Group’s Vice President, Finance. He is the founding partner of Dunn, Pariser & Peyrot and has a track record of building highly successful agribusinesses throughout North America and other international markets. As a testimony to his business portfolio work, Mr. Dunn and his firm have won multiple industry awards for accounting, finance and business management.

Barry Didato is the company’s Vice President, Strategy. He is focused on the development of strategic revenue channels, sales partnerships, and international distribution for Eat Well Group. Mr. Didato brings extensive strategic sales capabilities and an extensive network of contacts in the industry to the company. Prior to joining Eat Well Group, he served for over 18 years as a senior advisor for several ultra-high net worth family offices and numerous innovative wellness, nutrition, medical, and food businesses.

Strategic Advisory Board

HRH Prince Khaled bin Alwaleed bin Talal Al Saud, Founder and Chief Executive Officer of KBW Ventures, is a firm supporter of clean energy and the humane treatment of animals. He is also a vocal supporter of the private sector in the Middle East. A member of the Saudi Arabian Royal Family, Prince Khaled was born in Stanford and spent his youth in Riyadh under the mentorship of his father, philanthropist HRH Prince Alwaleed bin Talal Al Saud, Chairman of Kingdom Holding Company. He is also the Founding Chairman of KBW Investments and serves across several boards. He invests in an array of successful but diverse global businesses – from promising technology startups to established companies. Today, with holdings on three continents, Prince Khaled stands at the gateway between the Middle East’s evolving economies and the Western world. Consistently, Prince Khaled’s focus is on ventures and ideas at the intersection of innovation and economic growth.

Jeff Dunn has over 30 years of experience in agriculture and packaged food, including senior leadership positions with Bolthouse Farms, Campbell Soup Company and The Coca Cola Company, among others. He is an Operating Partner at Butterfly and focuses primarily on the agriculture & aquaculture and food & beverage product sectors. Prior to joining Butterfly, Mr. Dunn was the President of the Campbell Fresh division of Campbell Soup Company from 2015 to 2016, where he was in charge of building Campbell’s scale and accelerating its growth in the rapidly expanding packaged fresh segments and categories across the retail perimeter.

Eat Well Investment Group Inc. (OTC: EWGFF), closed Thursday's trading session at $0.18376, up 2.0889%, on 1,000 volume. The average volume for the last 3 months is 1,000 and the stock's 52-week low/high is $0.15/$1.00.

Recent News

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF)

The QualityStocks Daily Newsletter would like to spotlight LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF).

LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), a company focused on building infrastructure on the Bitcoin Lightning Network global micropayment system, has launched 17 new international routing nodes on Lighting Network. The company’s international routing nodes now include Japan, England, Canada, US-West, France, Italy, Indonesia, Bahrain, South Africa, South Korea, Sweden, Singapore, Brazil, Germany, India, Ireland and Hong Kong. According to the announcement, these new nodes put LQwD in a position to secure future routing fees in the growing global payments network. The company noted that it is seeing consistent upward trends, a 138% increase in total network capacity since last year at this same time. With other enterprises and exchanges such as Kraken, Robinhood, Twitter and Block (Cash App) integrating Lightning Network capabilities, LQwD anticipates the growth to continue; some analysts predict as many as 700 million Lightning Network users by 2030.“Since launching our first Lightning Network node in November 2021, LQwD's nodes have already routed over 72 BTC and over 36,000 transactions, which is extremely encouraging in these early stages,” said LQwD Fintech CEO Shone Anstey in the press release. “We are making excellent progress establishing LQwD as a serious network participant, and in coming months, we will launch the LQwD business-to-business platform (now in beta), which also allows retail customers to take advantage of the economics and efficiencies of the network.” To view the full press release, visit https://ibn.fm/sVyoM

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) is a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption.

LQwD FinTech’s mission is to develop institutional-grade services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility, and scaling of bitcoin. LQwD is also securing a substantial position in bitcoin as an operating asset and will use its holdings to establish nodes and payment channels on the Lightning Network.

The Lightning Network is a second-layer protocol, sitting above the bitcoin blockchain, intended to facilitate faster micro-transactions and lower fees on bitcoin transactions, thus allowing mass adoption of bitcoin.

LQwD expects the Lightning Network to eclipse the patchwork of legacy financial networks that are used to move value today. The company’s software will make migration from legacy networks onto the Lightning Network easy and seamless. By onboarding more financial service providers, LQwD intends to grow the value of the Lightning Network.

The company, formerly known as Interlapse Technologies Corp., is harnessing new payment rails built on top of the bitcoin blockchain that are capable of beyond visa-level transaction volumes and backed by bitcoin, the strongest and most well-known cryptocurrency. These new rails, enabled by the Bitcoin Lightning Network, open a vast opportunity and market segment for digital payments and financial services on a global scale. LQwD aims to leverage its position as a public company to enhance trust in its products and services, and leverage its shares as currency for acquisitions, roll-up and growth, as well as to attract and retain top industry talent.

Product

The Lightning Network is a solution to massively scale the use of bitcoin for microtransactions globally, dramatically improving upon fees, as well as providing instant settlement times. The Lightning Network has experienced explosive growth and is expected to continue with the trend as usage increases. Well-known companies, such as Twitter and Square, have expressed their enthusiasm to incorporate Lightning Network into their platforms. The Lightning Network is scalable, global, open, inclusive, permissionless and decentralized. It is made up of nodes connected via payment channels, and enables off-chain, instantaneous and cheap payments at scale.

Upon launch of LQwD’s Lightning Network platform-as-a-service, users will be able to leverage the Lightning Network infrastructure to send payments instantly, securely and inexpensively anywhere in the world. Companies and service providers will be able to conduct Lightning Network transactions in bitcoin by integrating LQwD’s infrastructure with their business or web property. Connected businesses will be able to easily deploy, monitor and manage LQwD’s Lightning Network nodes with no or low-level technical knowledge required. The company fully expects Lightning Network to be a force for global change and to become the monetary exchange network of the future.

The Lightning Network, which is already built, functioning and growing, will advance bitcoin from a store-of-value to a global monetary network through payment utility. The company expects the Lightning Network will propel the growing number of active blockchain wallets to new heights, by increasing bitcoin’s scalability and lowering its fees for users. For coming generations, everything from wealth to experiences will be acquired and transacted virtually, and LQwD sees the Lightning Network as an enabling technology that can bring bitcoin to hundreds of millions of new users across the globe.

Market Outlook

Forbes in August 2021 noted that “private investors are funding companies that are building the infrastructure that will support future growth of crypto and digital assets,” and called public companies building cryptocurrency infrastructure “the hottest part of the crypto market.” While the first wave of investor interest in crypto firms was directed at companies catering to retail investors, investors have now shifted their attention to infrastructure builders, like LQwD FinTech. Forbes did not put an estimated value on the crypto infrastructure market but pointed out that large-scale adoption of cryptocurrencies will only happen when infrastructure is in place to support it. The larger digital payments market, of which crypto payments are a small fraction, is growing at more than 14 percent annually and is forecast to hit $154 billion by 2025.

Management Team

Shone Anstey is co-founder, chairman and CEO at LQwD FinTech. He has 20 years of experience in building complex technologies and has acted as technology lead for an industrial bitcoin mine and bitcoin mining pool. He is a Certified Cryptocurrency Investigator, and an advisor to the British Columbia Securities Commission. He is also co-founder of BIGG Digital Assets (OTCQX: BBKCF) and took that company public in 2017.

Barry MacNeil is CFO at LQwD FinTech. He is a member of the Chartered Professional Accountants of British Columbia and has more than 30 years of management and accounting experience with public companies and in private practice. His previous positions include director of both public companies and nonprofits, as well as Chief Financial Officer and Corporate Controller.

Albert Szmigielski is co-founder and CTO at LQwD FinTech. He was formerly the Head of Research and Chief Blockchain Engineer at Blockchain Intelligence Group and VP Research at CipherTrace. He holds a B.Sc. in Computing Science from Simon Fraser University, and a Master of Science in Digital Currencies and Blockchain Technologies from the University of Nicosia, Cyprus.

LQwD FinTech Corp. (LQWDF), closed Thursday's trading session at $0.08925, up 1.1905%, on 120,876 volume. The average volume for the last 3 months is 120,876 and the stock's 52-week low/high is $0.0754/$0.672.

Recent News

Cannabis Strategic Ventures Inc. (OTC: NUGS)

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

Federal law prohibits American servicemembers from consuming cannabis. A 2018 notice declares that although dozens of states have legalized cannabis for medical or recreational purposes, federal law restricts military members from using cannabis, CBD (cannabidiol), any cannabinoid derivatives and THC-infused products. The notice also states that the ingestion of hemp and hemp-seed derivatives was prohibited because they could contain trace amounts of THC. This is despite the fact that studies have shown cannabis can be efficient in alleviating conditions such as, depression, chronic pain, insomnia and post-traumatic stress disorder (PTSD), which are common among military veterans. It is crucial that the military revisits its marijuana policies. it is no longer uncommon to find people using the products from duly licensed companies such as Cannabis Strategic Ventures (OTC: NUGS) for medical or recreational reasons.

Cannabis Strategic Ventures Inc. (OTC: NUGS) is an emerging leader in the U.S. cannabis marketplace as a publicly traded cannabis cultivator. The company is based in Los Angeles, with a 6-acre cannabis farm in Northern California called NUGS Farm North. The company’s vision is to acquire and scale assets in the legal cannabis market while achieving efficiencies through economies of scale and vertical integration.

Cannabis Strategic Ventures recently expanded its portfolio by completing the transfer process for cultivation, retail, distribution and manufacturing licenses issued by the City of Los Angeles and the State of California, and it is now working toward taking operational control of each license. The company also recently announced the upcoming grand opening of its cannabis dispensary, MDRN Tree. Following that launch, Cannabis Strategic Ventures intends to deploy another of its new licenses to establish an indoor cultivation facility with capacity to produce two to three pounds of premium exotic cannabis flower per light per harvest. The facility will have up to 1,200 grow lights and is anticipated to yield 5.75 harvests per year, bringing it to a total production capacity of over 15,000 pounds of cannabis flower annually.

Brand Portfolio

The company owns multiple brands under the Cannabis Strategic Ventures umbrella. The firm’s NUGS brand provides operational and financial strategic partnerships and a range of essential services to emerging and existing cannabis consumer brands.

The NUGS Farm North brand operates as a six-and-a-half-acre cannabis cultivation property located in northern California. The company believes that the key to success in its business is consistent quality and reliable supply to fit growing consumer demand. Cannabis Strategic Ventures addressed these consumer needs by building NUGS Farm North. At NUGS Farm North, the company’s process is customized, and its product is consistent. Located in the heart of an agricultural mecca for globally distributed produce, NUGS Farm North finds power in its product, not in its size. Decades of agricultural experience and a dedication to consistency ensure quality cannabis.

MDRN Tree is Cannabis Strategic Ventures’ customer-facing dispensary brand. MDRN Tree will open its first Los Angeles location sometime in the fall of 2021. MDRN Tree will be the company’s factory retail store – a direct interface with the end-market community – where Cannabis Strategic Ventures plans on showcasing the cannabis flower produced at its NUGS Farm North cultivation site. This farm-to-sale model offers the potential to drive simultaneous gains in quality control and profitability.

Market Outlook

The demand for legal marijuana is expected to surge due to ongoing changes in U.S. state government policies toward cannabis. In addition, the number of indications for which medical marijuana is prescribed continues to increase steadily. These factors are expected to rapidly boost legal sales of cannabis products, opening new revenue channels for producers and retailers. Furthermore, an anticipated federal legalization of medical marijuana in the U.S. will only present more high growth opportunities for this market.

According to a report from Grand View Research, the global legal marijuana market was valued at $9.1 billion in 2020. Market size is forecast to grow at a compound annual growth rate of 26.7 percent from 2021 to 2028. That CAGR would put the market value at roughly $30 billion as soon as 2025.

According to the report, “One of the major factors fueling market growth is the expanding demand for legal marijuana owing to the growing number of legal cannabis countries. (Due) to recent legalizations in different countries, the use of medical marijuana for various ailments is gaining momentum worldwide. Patients suffering from chronic illnesses such as Parkinson’s, cancer, Alzheimer’s, and many neurological disorders are administered medical marijuana. The demand for cannabis oil is increasing rapidly, especially among countries with legalized medical marijuana.”

Management Team

Simon Yu is CEO, President, CFO and Secretary of Cannabis Strategic Ventures. He is also a co-founder, former COO and board member of Clubhouse Media Group Inc., a publicly traded social media company. Mr. Yu holds an MBA from the University of Southern California.

Cannabis Strategic Ventures Inc. (NUGS), closed Thursday's trading session at $0.0137, up 1.4815%, on 467,451 volume. The average volume for the last 3 months is 467,451 and the stock's 52-week low/high is $0.0103/$0.0769.

Recent News

Sugarmade, Inc. (OTC: SGMD)

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

Sugarmade (OTC: SGMD), an emerging leader in the vertically integrated cannabis sector, has taken steps toward a 40% acquisition of the business and associated property known as RMI Ventures (d/b/a Jerusalem Grade Farm). SGMD signed a letter of intent (“LOI”) agreeing to complete a definitive acquisition agreement that would make Sugarmade a minority owner of RMI Ventures with 40% control of RMI Ventures equity; SGMD anticipates pursuing the acquisition of additional equity in RMI Ventures next year. According to the announcement, Sugarmade intends to leverage the turnkey operation to fulfill its recently announced collaborative cannabis cultivation contract with Cannabis Global Inc. for 25,000 pounds of “Fresh Frozen” cannabis. Sugarmade representatives also noted that the new acquisition would enable the company to seek more buyers and build its sales channel to support the eventual activation of its large production site. The LOI with RMI Ventures includes associated property,  cannabis-related licenses and the business operation. “This acquisition will allow us to be more efficient on every level,” said Sugarmade CEO Jimmy Chan in the press release. “It gives us much more optionality in scaling our vertically integrated model while avoiding unnecessary costs and wasteful spending as we prepare to hit the gas pedal when market conditions are more advantageous. The RMI business is an excellent property, and we look forward to updating current and prospective shareholders as we move toward a definitive agreement and an expanded equity position.” To view the full press release, visit https://ibn.fm/K2Cf0

Sugarmade, Inc. (OTC: SGMD) is a product and brand marketing company investing in operations and technologies with disruptive potential. The company is focused on collaborating with real people in real-time to identify the emerging desires and behaviors poised to unlock new opportunities and pathways for growth. Sugarmade seeks to redefine the marketplace by nurturing an innovative and compelling relationship between brand, botany and business – resulting in both undeniable consumer value and an intriguing cross-pollination of revenue sources.

The company’s core strategic plan is centered on expanding its end-market access as a central player in the growing California cannabis delivery marketplace while developing its in-house cannabis production capacity to verticalize operations in the space. Through a combination of organic growth and strategic acquisitions, Sugarmade intends to develop a full farm-to-door vertically integrated cannabis business.

Brand Portfolio

Sugarmade has investments in a number of subsidiaries with active operations in the California cannabis sector. These include:

  • NUG Avenue – Sugarmade owns a 70% stake in NUG Avenue, a cannabis delivery service based in Southern California providing hand-selected top-shelf products from Stiiizy, Kanha, PlugPlay and more.
  • BudCars – Sugarmade is an investor in cannabis delivery service of BudCars’ first operating location in Sacramento, California. BudCars is an online-shopping experience designed to provide new customers with an easy way to discover and order cannabis products within minutes.

Acquisition of Lemon Glow Company

On May 17, 2021, Sugarmade took a major step toward closing the loop on what its management team believes to be one of the most promising vertically integrated cannabis models in the thriving California market when it announced the signing of a definitive agreement for its acquisition of Lemon Glow Company Inc.

The Lemon Glow acquisition includes 640 acres of property, 32 of which have already been designated for outdoor cannabis cultivation. Per the company’s news release, the annual potential cultivation yield at the property is estimated to be approximately 4,000 pounds of dry trimmed cannabis flower per acre per year, which represents approximately 128,000 pounds, or 64 tons, of dry trimmed cannabis flower per year in total.

Notably, Sugarmade also benefits from the acquisition in terms of team capital, as Lemon Glow executive team members will stay on and become the core management team at the cannabis cultivation site, granting the operation over 30 years of cannabis cultivation experience.

“The Lemon Glow team are tremendous additions to the Sugarmade team,” Jimmy Chan, CEO of Sugarmade, commented in announcing the definitive agreement. “They have vast experience and established skills, as well as intricate knowledge of the property and its local grow context. That’s an enormous added value proposition in this deal. We look forward to bringing them on board, ramping up operations at the property, and taking key steps toward delivering on the promise of Sugarmade’s farm-to-door vision.”

Market Opportunity

The California cannabis industry has continued to record tremendous growth since voters approved a measure to legalize recreational use of the plant in 2016. According to data from MJBizDaily, California’s legal market hit $4.4 billion in sales in 2020, up from $2.8 billion in 2019 and $1.4 billion in 2018.

Those figures highlight California’s status as the largest legal cannabis market in the world. With roughly 28 million residents over the age of 21, California is more than twice the combined size of the four states (Arizona, New Jersey, Montana and North Dakota) that legalized cannabis in 2020.

The COVID-19 pandemic was a key driver in the growth of cannabis delivery services throughout the state in 2020. One California cannabis delivery firm reported a 60% increase in new delivery customer sign-ups in the 30 days following the March 13, 2020, declaration of a national emergency. As a result of this boom, tech companies in cannabis ecommerce were able to dramatically increase their market share.
Sugarmade’s continued efforts to develop a farm-to-door vertically integrated cannabis business position it to capitalize on these trends as the California cannabis industry continues to expand moving forward.

Management

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

Sugarmade, Inc. (OTC: SGMD), closed Thursday's trading session at $0.000335, up 67.5%, on 48,100,879 volume. The average volume for the last 3 months is 48.101M and the stock's 52-week low/high is $0.0002/$0.0028.

Recent News

Nowigence Inc. (OTCQB: NOWG)

The QualityStocks Daily Newsletter would like to spotlight Nowigence Inc. (OTCQB: NOWG).

  • Nowigence and EquiPPP Social Impact Technologies have entered an agreement to strengthen the CSR industry in India
  • The purpose is to connect donors and service organizations to improve the lives of the underprivileged in India
  • Nowigence is changing the data-gathering landscape with its Pluaris(TM) platform

Nowigence (OTCQB: NOWG), the SaaS technology company behind Pluaris, a comprehensive and turnkey AI knowledge engine, is expanding its footprint and presence in India. The company announced that it has signed a memorandum of understanding with EquiPPP Social Impact Technologies Ltd. (NSE: EQUIPPP) (https://ibn.fm/lkByC).

Nowigence Inc. (OTCQB: NOWG) is an innovative software-as-a-service (“SaaS”) company focused on developing and bringing to market Pluaris™ — a comprehensive, ready-to-use artificial intelligence (“AI”) platform. Pluaris delivers the combined power of an intelligent reader along with a smart search engine. It works 24/7 reading and analyzing relevant content as is being created in various public and private data sources on topics that one reads either because one enjoys them or because one needs to gather information to fulfill job tasks or other responsibilities.

A personal knowledge management (“PKM”) tool, Pluaris is created for those who want to advance their competitiveness with the power of intelligent reading while searching for information. It accelerates the pace of problem-solving and decision-making. Pluaris is an end-to-end, fully automated, data-science product, offering data-at-scale capabilities mimicking the human process in their abilities to learn. It performs tasks that typically require human intensive activities when reading information from public and private data sources. It provides precise answers to questions asked, analyzes different perspectives, discovers new connections, and creates organized and nested notes. As a result, Pluaris allows teams to work collaboratively from anywhere in the world to share and draw informed conclusions.

Nowigence puts the power of data science into the hands of consumers through integrating state-of-the-art data processing techniques in an intuitive interface at an affordable subscription price. The Pluaris platform generates a trove of critical information to assist individuals, teams, and organizations to quickly build expertise. It reads and analyzes hundreds of pages in a few minutes wherein the data is transformed, linked, taxonomized, and optimized for storage and further trend analysis.

Key Target Market

Pluaris is pre-built with supervised and unsupervised machine learning (ML) and natural language processing (NLP) models. It has three main features. They are:

  • A precise information retrieval engine
  • An intelligent reader, and
  • A Smart Search Engine that intelligently reads and analyzes content written inside files instead of contemporary search tools that use keywords to bring forth URLs or files which users still need to open to read manually.

Pluaris enables distillation of knowledge from hundreds or thousands of sources in seconds rather than the time-consuming method of reading and gaining insight from one source at a time. Keyword-based search-and-retrieval applications do not have the capability to open documents, read content, extract key points, conduct cause-and-effect analysis or answer questions specifically. Pluaris includes those features while going one step further with its semantic capabilities to empower users with interpretations of retrieved information. Nowigence estimates this feature alone can save typical researchers between one and three hours per workday. The platform also extracts only important and relevant information on every monitored or researched topic, reducing “noise” and information overload, a major source of workplace stress.

Pluaris Solution

The Problem

In the modern world, there is a need to consume a tremendous amount of text and transcript-based information for both personal and professional use. This need is met with exceptional challenges due to:

  • Information Overload: For virtually any significant topic, the amount of textual information available and continually generated is vastly more than can be consumed by an individual.
  • Pervasive Distractions: In the era of modern technology, new inputs such as instant messages, e-mails, social media and more reduce attention spans often lead to the disregard of information considered too long and complex to read.
  • Highly Imperfect Human Recall: Information that is read is easily forgotten and, while key insights may be retained, the details are almost certainly lost.
  • Data Sharing/Translation: Working in teams often finds colleagues researching the same content, with much of the information acquired by one individual lost in translation with the communication process to others.

Pluaris

From its early days, Nowigence has worked with pioneers and stalwarts in the fields of machine learning (“ML”) and natural language processing (“NLP”). In doing so, the company was keen to solve the big problem of the information age — too much data exists for it to be processed manually.

Pluaris is designed as a user-friendly platform, requiring no technical expertise or extensive training while avoiding structured or rigid methodology. As a result, Pluaris is adaptable to the unique needs by which individuals absorb knowledge and may be utilized across a variety of different functions and sectors. By leveraging the capabilities of Pluaris’ state-of-the-art no code editing, organizations have the flexibility to improve and tailor results without hiring data scientists. Further, real-time information retrieval, meaning instantaneous delivery of outputs at the click of a button, ensures the client never misses any piece of intelligence.

Pluaris does not simply gather information. The platform was built over the course of three years by a Nowigence team of experts and is designed to understand the context of every sentence it reads. In cases where Pluaris does make an error in contextual interpretation, the user can correct it, instantly giving the correction precedence over the ML’s algorithmic outputs. This removes the biggest criticism against AI/ML platforms, which is that annotating data and developing training datasets to build models takes too much time and effort from internal teams.

Use Cases

There is a virtually unlimited potential for Pluaris to cut through information overload and bring critical data to individuals and enterprises. Nowigence has customized its platform to cater to the needs of a variety of users, including an enterprise customer interested in tracking news and events in the telecom industry. In less than a week, Nowigence was able to quickly create and fine-tune a list of monitored topics, resulting in the team’s access to an annotated and industry specific news feed.

In another instance, Pluaris was useful to an employee of one of the world’s largest aluminum mining companies tasked with preparing talking points for her manager for an upcoming investor meeting. Using the platform, she built a comprehensive database of documents, including notes, transcripts, speeches, question-and-answer sessions, annual reports, and internal documents, some of which were from previous investor meetings. Through the platform’s dashboard and using various filters, she was able to quickly explore that database and pull the information together in a Pluaris Notebook to share directly with her supervisor.

Pluaris has further proven valuable in individual and personal-use cases. For example, a customer who was already using the platform for business intelligence decided to use his account to make improvements in his health after he received a report from his doctor of a high fasting blood sugar level. After uploading a few research reports, reviewing the summaries and exploring the annotated labels, the user set up Pluaris to monitor topics such as “lowering fasting blood sugar” and “low glycemic food.” From those results, he built an action list of daily habits for diet and fitness and, within two months, brought his fasting blood sugar level back down.

Market Considerations

Pluaris users include:

  • Educators, Learners, and Publishers of Interactive Community Knowledge Banks: In a recent report titled “Digital 2022 – Global Overview,” published by the Tribune, it is said that the world between the ages of 16 and 64 spends a daily average of seven hours on the internet. Wikipedia estimates this age group to be 74% of the world’s population of nearly 8 billion people. Pluaris is helping create interactive community knowledge banks for people to save time and improve their quality of learning for specific subjects or topics. The first one being set up is on “healthy living.”
  • Knowledge Workers: Gartner estimates there are more than one billion knowledge workers worldwide as of December 2019. According to a McKinsey report, employees spend 1.8 hours every day searching and gathering information. Nearly all data generated in businesses is in the form of language, but few today have the resources to leverage it. Pluaris, with its basis in data science, synthesizes knowledge from information assisting users to accelerate the pace of problem-solving and decision-making.

Nowigence offers subscription-based pricing to educators, researchers, learners, and publishers of community knowledge banks. Subscription prices are nominal but vary depending upon the volume, variety, velocity, and frequency of accessing large data sets.

Prices vary depending on the scope for small, medium, or large organizations. Typically, the business model is a one-time set up fee to taxonomize and link extracted entities which are user specific jargon. An additional fee is charged for scoping and integrating Pluaris with currently used enterprise tools. Subsequently, a monthly subscription fee is charged.

In 2020, the amount of data in the world was estimated at 44 zettabytes. By 2025, the amount of data generated each day is expected to reach 463 exabytes globally. Reading intelligently while searching for information is going to become an even bigger problem. Nowigence is targeting opportunity across the rapidly growing cognitive computing and personal knowledge management (“PKM”) markets. According to Allied Market Research, the cognitive computing market alone was valued at $8.87 billion in 2018 and is projected to reach a value of $87.39 billion by 2026. This represents a CAGR of 31.6% from 2019 through the end of the forecast period.

Leadership Team

Anoop Bhatia
Founder and Chief Executive Officer

Anoop Bhatia founded Nowigence Inc. and has served as its CEO since 2015. Previously, he worked as a global operation strategic transformation leader for Momentive Performance Material (formerly GE Silicones). Bhatia’s experience includes more than two decades serving in roles for various General Electric companies across different countries, including the U.S., India, The Netherlands and Germany. He played a key role in establishing GE Silicones as the first-ever wholly owned foreign subsidiary established in India in 1996. Bhatia holds a B.S. degree in chemical engineering from BITS in India and completed post-graduate studies in management from Heriot-Watt at Edinburgh in Scotland.

Gordon Haupt
Chief Technology Officer

Gordon Haupt brings more than 20 years of experience building and leading diverse engineering and operations teams, as well as a strong technical background in machine learning, signal processing and statistical data analysis. This includes expertise in speech and text, biotechnology and computer vision applications. He is experienced in all phases of engineering development and operations and is a named inventor on 15 issued patents. Haupt holds a B.S. degree in engineering mechanics from the University of Wisconsin and M.S. and Ph.D. degrees in aeronautics and astronautics from Stanford University.

David Evans
Chief Financial Officer and General Counsel

As an attorney and licensed CPA in the state of New York, David Evans has extensive experience in multistate and international tax policies and guidelines, federal taxation laws, mergers and acquisitions, including valuation of closely held businesses. He is a contributing author to the New York State Tax Service, a six-volume publication of NYS tax laws and regulations. His prior experience includes serving as a managing director for UHY Advisors LLC, a board member and chairperson of the Tax Division Executive Committee of New York State Society of Certified Public Accountants, as well as a past president of the Estate Planning Council of Eastern New York. Evans holds degrees from Hofstra University and State University of New York at Buffalo.

Uday Bawa
Vice President Business Development – India, SEA, and MEA

Uday Bawa brings a wealth of nearly two decades of global P&L experience, growing businesses from scratch in the field of energy and sports. He has worked in B2C and B2B sales environment focusing on product sales, building the brand and generating endorsement deals for renowned sports personalities in India. Previously, he worked in the petrochemicals industry, where he led Houston-based Dorf Ketal’s Fuels business for North America. He was instrumental in generating sponsorship revenues for the Commonwealth Games in Delhi, India, in 2010 from corporate sponsors. He has also managed Indian sports icon Sachin Tendulkar’s commercial interests and endorsement deals. He completed his bachelor’s from Symbiosis International University in India and then his executive MBA from Rice University at Houston in Texas. He is a Doon school (India) alumnus.

Nowigence Inc. (OTCQB: NOWG), closed Thursday's trading session at $3, even for the day. The average volume for the last 3 months is 1,000 and the stock's 52-week low/high is $2.00/$4.75.

Recent News

Sycamore Entertainment Group Inc. (OTC: SEGI)

The QualityStocks Daily Newsletter would like to spotlight Sycamore Entertainment Group Inc. (OTC: SEGI).

Sycamore Entertainment Group (OTC: SEGI), a diversified entertainment company, today announced that it has selected the corporate communications expertise of IBN, a multifaceted financial news and publishing company for private and public entities. Through its wholly owned subsidiary SEGI.TV, Sycamore’s streaming experience is built on the pillars of equality, sustainability and community, offering movies and television programming for a diverse audience – all without a subscription fee. As part of the client partner relationship, IBN will leverage its investor based distribution network of 5,000+ key syndication outletsvarious newsletterssocial media channels, wire services via InvestorWire, blogs and other outreach tools to generate greater awareness for Sycamore Entertainment Group. “The gradual move away from traditional cable and satellite TV subscriptions in the U.S. and around the world has created an opportunity for streaming companies to capitalize. As Sycamore continues to expand SEGI.TV with new, unique and eventually premium content, it is primed to benefit from this industry trend,” said IBN’s Director of Client Solutions Chris Johnson. “We’re excited to customize our comprehensive suite of corporate communications solutions for Sycamore as it continues to leverage a proven AVOD model to grow its market share in the streaming space.” To view the full press release, visit https://ibn.fm/lCd6n

Sycamore Entertainment Group Inc. (OTC: SEGI) is a diversified entertainment company specializing in the acquisition, marketing and worldwide distribution of quality finished feature-length motion pictures.

Through wholly owned subsidiary SEGI.TV, the company offers a streaming experience built on the pillars of equality, sustainability and community. SEGI.TV taps into the changing cultural environment, offering movies and television programming for a diverse audience – all without a subscription fee.

SEGI.TV

Launched in late 2020, SEGI.TV is scheduled to reach 100 million U.S. household televisions and 200 million mobile devices through Roku, Amazon Fire TV, Apple TV, Samsung Smart TV and others. The OTT streaming network operates via an ad-supported video on demand (AVOD) model, allowing Sycamore to control revenue growth by negotiating rates with advertisers as its userbase continues to expand.

The company expects this AVOD model to help SEGI.TV more efficiently grow its market share while avoiding direct competition with subscription service players such as Netflix and Hulu. Other industry players who have leveraged and grown through the ad-based revenue model include Tubi (33 million monthly users, acquired by Fox), YouTube (2 billion monthly users, acquired by Google) and Pluto TV (28 million monthly users, acquired by NBC/Viacom).

SEGI.TV lives up to its brand promise of inclusion, equality and community by:

Attracting Original/Hard-to-Find Content

SEGI.TV features uplifting content aimed at helping its users tap into the changing cultural environment, including movies, TV and sporting events, and the company continues to seek-out new and engaging programming.

On March 19, 2022, SEGI.TV streamed the long-awaited grudge match between Hafthor Bjornsson and Eddie Hall, former World’s Strongest Men. Deemed ‘The Heaviest Boxing Match in History’, the bout was available to watch in just two clicks for free, without any time-specific trials, paywalled content or sneaky subscriptions.

In speaking about the match, Sycamore CEO Edward Sylvan stated, “With live streaming sports revenues expected to quadruple by 2028, we at SEGI.TV are uniquely positioned to capitalize on this new ad supported model.”

Making Inroads with New Users

As consumers continue to shift away from traditional cable and satellite toward OTT streaming, existing options are divided into two primary categories – ad-supported and premium. While industry giants like Netflix, Disney and Apple target customers with non-ad-supported options, SEGI.TV’s AVOD model positions it as a solid alternative for individuals who are reluctant to commit to a subscription-based platform.

Increasing Viewership through Branding and Awareness

Sycamore has entered sponsorship agreements for multiple motorsports events in an effort to connect with global influencers and build brand awareness.

  • SEGI.TV sponsored the No. 10 Dallara-Honda of Alex Palou when he took the checkered flag, winning the Honda Indy Grand Prix of Alabama at Barber Motorsports Park.
  • SEGI.TV sponsored the No. 50 car of Floyd Mayweather’s TMT Racing for NASCAR’s Coca-Cola 600 at Charlotte Motor Speedway.
  • SEGI.TV sponsored the No. 99 SEGI.TV GMC HUMMER EV.R in the Extreme E all-electric global racing series, which focuses on bringing awareness to environmental and equality issues worldwide.
  • SEGI.TV has the North American broadcast right to the all-electric eSkootr Championship

Market Opportunity

The gradual move away from traditional cable and satellite TV subscriptions in the U.S. and around the world has created an opportunity for streaming companies to capitalize. According to data from Statista, the number of pay TV households in the U.S. declined from a peak of 100.5 million in 2014 to roughly 73 million in 2021. Likewise, pay TV revenue in the U.S. decreased from $104 billion in 2015 to $74 billion in 2021.

The loss for cable and satellite providers has corresponded with a boom for video-on-demand services. Subscription video-on-demand (SVOD) revenue in the U.S. reached $25 billion in 2021. According to Digital TV Research, AVOD revenues are predicted to more than double between 2018 and 2024 to reach $56 billion across 138 countries. Even SVOD mainstay Netflix is exploring AVOD as a way to combat declining subscription numbers.

As Sycamore continues to expand SEGI.TV with new, unique and eventually premium content, it is uniquely positioned to benefit from this industry trend. Through its FAST (Free Ad-Supported TV) channels, SEGI.TV positions Sycamore as one of only a handful of publicly traded, pure play companies operating in the space.

In an October 2021 report, Variety called FAST “the latest avenue for established media and entertainment companies,” and recent moves by entertainment mainstays support this notion. In April 2022, Amazon rebranded its FAST-focused AVOD service to Amazon Freevee and highlighted the rapid growth of the platform, which has tripled its monthly active users.

“Advertising video-on-demand (AVOD) and free ad-supported TV (FAST) channels are the biggest winners of the Streaming Wars, we believe, because ‘free’ always has the largest TAM (total addressable market),” Laura Martin, an analyst with equity research firm Needham, said in a recent note to clients.

Management Team

Edward Sylvan is the CEO and Co-Founder of Sycamore. He has more than 30 years’ experience in the financial service and banking industry. His banking expertise helped cultivate more than 20 years of entertainment industry relationships.

Terry Sylvan is the company’s CMO and Co-Founder. He brings to Sycamore more than 25 years of marketing and advertising experience, from global brand assignments to film marketing.

Sycamore Entertainment Group Inc. (OTC: SEGI), closed Thursday's trading session at $0.0065, even for the day, on 1,252,139 volume. The average volume for the last 3 months is 1.252M and the stock's 52-week low/high is $0.0042/$0.0495.

Recent News

Friendable Inc. (FDBL)

The QualityStocks Daily Newsletter would like to spotlight Friendable Inc. (FDBL).

Friendable (OTC: FDBL), a mobile technology and marketing company, reported key metrics for press, social media and overall engagement, captured over the nine months from September 2021 through May 2022, which show positive growth. This comes as the company begins preparing new initiatives based on its continued growth and marketing opportunities. “The results of Friendable’s efforts have provided a strong foundational element of credibility that is only fostered through time, positive reviews, and the success stories of its artists, which the company continues to receive… The metrics set a solid foundation as the company moves forward with the next phase of expansion, exposure and service offerings. Friendable is diligently moving toward additional offerings, including VIP backstage streaming, Metaverse Land and more,” a recent article reads. “Our team’s focus and determination to turn out the best possible products, services and independent music artist solutions in general, is truly inspiring, taking creativity and initiatives for these next phases of growth to a new level,” Friendable CEO Robert A. Rositano is quoted saying. To view the full article, visit https://ibn.fm/cyDKz

Friendable Inc. (FDBL) is a mobile technology and marketing company focused on connecting and engaging users through its proprietary mobile and desktop applications. Launched July 24, 2020, the company’s flagship offering is designed to help artists engage with their fans around the world and earn revenue while doing so. The livestreaming platform supports artists at all levels, providing exclusive artist content ‘Channels’, LIVE event streaming, promotional support, fan subscriptions and custom merchandise designs, all of which serve as revenue streams for each artist.

With Fan Pass, artists can offer exclusive content channels to their fans, who can use their smartphones to gain access to their favorite artists, as well as an all-access pass to all artists on the platform. Additionally, the Fan Pass team will deploy social broadcasters to capture exclusive VIP experiences, interviews and behind-the-scenes content featuring their favorite artists – all available to fan subscribers on a free trial basis. Subscriptions are billed monthly at $3.99, or about the cost of downloading a couple of songs, and VIP experiences are available at a fraction of the cost of traditional face-to-face meetups.

Friendable Inc. was founded by Robert A. Rositano Jr. and Dean Rositano, two brothers with over 27 years of experience working together on technology-related ventures.

The Fan Pass Mobile & Desktop App

Friendable Inc. launched its Fan Pass platform as a solution for artists and their fans as the COVID-19 pandemic and the associated shutdown have continued to severely hamstring the entertainment industry as a whole. Through Fan Pass, the company aims to reach artists at all levels looking to alter their touring schedules to include ‘Virtual Touring’, new revenue sources and innovative fan engagement opportunities that are expected to become permanent fixtures of artists’ touring routines moving forward.

Fan Pass creates an ecosystem that embraces fans of all kinds, feeding diehard followers and developing lasting connections with more casual supporters. Through the app, qualified artists are provided with a custom designed, exclusive ’Fan Pass Channel’ where they can invite fans and social followers from anywhere around the world to join in chats and live events – allowing fans to experience all there is to see of an artist in one place. Artists earn revenue from monthly fan subscribers, merchandise sales, tickets sold for virtual streaming events and generally from all content views or impressions on their channels. All content views and sales of every kind are reported to each artist through their dashboards, including real-time payout and earnings information.

Fan Pass’ exclusive ‘All Access VIP’ option provides fans with access to content, such as:

  • Live performances or online concerts
  • Backstage meetups before, during or after events
  • Livestreams of studio sessions
  • Behind-the-scenes footage of music video and photo shoots
  • Special interviews and one-on-one videos
  • Streams highlighting the artists’ daily lives

The Fan Pass platform is extremely intuitive, bringing each artist through a streamlined onboarding process, including building out artist ‘Channels’, scheduling LIVE events and designing special edition merchandise to be offered solely through exclusive Fan Pass merchandise stores.

“With the global pandemic disrupting the entertainment industry in such a profound way, artists have had to look to digital distribution and live virtual performances in order to maintain any earning opportunities. Fan Pass and our team are determined to provide solutions and support to all artists, their fans and the industry in general. We are excited about the opportunity we have to shape the future of virtual entertainment, revenue generation and artist/fan engagement,” Robert A. Rositano Jr., CEO of Friendable Inc., stated in a news release.

Market Opportunity

Artists rely heavily on revenue streams that are not often seen by those without intimate industry knowledge. When it comes to traditional performances, the sale of VIP/backstage or meet & greet passes to boost revenue can often become the majority of the artist’s annual tour revenue. Data provided by one of the company’s original entertainment partners, The Kluger Agency (TKA), suggests that as much as 18-23% of artists’ annual tour revenue has historically been derived from these VIP experiences.

The World Economic Forum reports that, in 2020, the six-month-plus disappearance of live music concerts is estimated to have cost “the industry more than $10 billion in sponsorships,” and individual artists are feeling the loss the most. Fan Pass is helping to bridge this gap, providing more affordable virtual VIP experiences that can be offered simultaneously to fans around the world.

While it’s free for artists to join, Fan Pass leverages a monthly subscription model paid by fans to generate revenues. These revenues are shared with all channel artists. In exchange for its platform features, live streaming tools, bandwidth, processing and handling, Fan Pass earns platform fees on each separately ticketed event, as well as splits with each artist on subscriber fees and merchandise designed and sold on the platform.

The U.S. video streaming industry is expected to hit $7.08 billion in value in 2021, with an estimated 100 million internet users watching online video content every day, according to data from Livestream.com. The same report suggests that 45% of live video audiences would pay for exclusive, on-demand video from a favorite team, speaker or performer. Through Fan Pass, Friendable Inc. is uniquely positioned to capitalize on this opportunity.

Friendable App

The company’s second application, Friendable, is an all-inclusive platform where users can meet, chat and date. The app has exceeded 1.5 million total downloads, with over 900,000 historical registered users and more than 580,000 historical user profiles.

Friendable Inc.’s Next Phase of Growth

To facilitate its next phase of growth, Friendable Inc. is seeking an additional $1 million in equity investment, with a follow-on funding that meets or exceeds $5 million. The company intends to utilize its relationships to secure the lowest cost of capital available, as these funds will drive technology advancements, increase head count, fund marketing initiatives and secure additional celebrity talent aimed at bringing larger fan audiences to each released event. These initiatives will assist in building recurring monthly (fan) subscribers, effectively generating recurring monthly revenue for each artist, as well. The next phase of growth is expected to play a key role in accelerating the company’s download and conversion of data for subscription revenue and merchandise sales.

The company’s primary goal is to establish Fan Pass as a premier brand and mobile platform dedicated to connecting and engaging users around the world. In support of this goal, it has entered into a partnership with Brightcove targeting OTT platform expansion, including leaders such as iOS, Android, Apple TV, Android TV, Roku and WWW.

In the highly competitive video streaming market, Friendable Inc. has tapped into an unmet demand from today’s ever-present ‘omni-users’ for constant contact with celebrities and influencers. Via Fan Pass, the company offers investors an opportunity to gain a stake in an organization catering to this new breed of omni-users and their influencers.

The application’s potential is clearly illustrated by the interest it has generated in recent weeks. From September 4 to October 12, the Fan Pass platform added 246 new artists, accounting for a 410 percent increase in just six weeks.

“We are extremely encouraged by the ongoing swell of interest as the value of our Fan Pass platform continues to resonate in the artist community,” Friendable CEO Robert A. Rositano Jr. stated in a news release. “We believe the live streaming functionality, our full-circle offering and diverse revenue opportunities the platform offers will continue to drive exponential growth as management remains focused on building long-term shareholder value.”

Management Team

Robert A. Rositano Jr. is the co-founder and CEO of Friendable Inc. He oversees the daily management and operational duties of all areas of the business. He has over 20 years of experience as a serial entrepreneur, bringing in over $60 million in liquidity events for the companies he has created or managed. Before starting Friendable Inc. with his brother, Rositano was a founding member of the internet’s first IPO, Netcom Online Communications Inc. It was sold to ICG, then to EarthLink in 1995. He has been a co-founder of several successful ventures, including Simply Internet Inc., Nettaxi.com and America’s Biggest Inc., among others. He also authored one of the first web directories for MacMillan Publishers.

Dean Rositano is the co-founder and Chief Technology Officer of Friendable Inc. He handles the day-to-day operations and guides the technical direction of the company. He has over 15 years of executive management, financial management, high technology operations and internet architecture experience. Before co-founding Friendable Inc., Rositano co-founded several other companies, including Checkmate Mobile Inc. and Latitude Venture Partners LLC, among others.

Friendable Inc. (FDBL), closed Thursday's trading session at $0.0002, even for the day, on 46,069,438 volume. The average volume for the last 3 months is 46.069M and the stock's 52-week low/high is $0.000195/$0.018.

Recent News

Golden Matrix Group Inc. (NASDAQ: GMGI)

The QualityStocks Daily Newsletter would like to spotlight Golden Matrix Group Inc. (NASDAQ: GMGI).

  • GMGI a standout differentiated in Benzinga’s Listmakers Series: ESports
  • Golden Matrix will be launching a new P2P ESports betting platform
  • GMGI is eyeing new accretive acquisitions to extend its string of nearly 4 years of consecutive profitable quarters

Companies are usually willing to open their bank accounts for naming rights. For instance, FedEx is paying $7.5 million per year to have their name on the home field of the Washington Commanders. New tech brands are changing the game. In November 2021, Crypto.com agreed to pay $700 million to see the iconic Staples Center re-branded as Crypto.com Center for the next 20 years ($35 million/year). At the outset of Benzinga’s Listmakers Series: ESports, held June 22, 2022 featuring Golden Matrix Group (NASDAQ: GMGI), United Esports, and other heavy hitters in digital gaming, the event opened with a discussion on industry momentum that included cryptocurrency exchange FTX shelling out $210 million for the naming rights to esports organization TSM for the next 10 years.

Golden Matrix Group Inc. (NASDAQ: GMGI), based in Las Vegas, Nevada, is an established gaming technology company that develops and owns online gaming IP and builds turnkey online casino solutions for gaming operators as well as configurable and scalable white-label gaming platforms for international customers, located primarily in the Asia-Pacific region. GMGI’s gaming IP includes tools for marketing, acquisition, retention and monetization of users. The company’s platform can be accessed through both desktop and mobile applications.

GMGI’s sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with U.S. law.

Golden Matrix, through a subsidiary, also runs a pay-to-enter prize competition in the United Kingdom and Ireland.

The company’s shares began trading on the Nasdaq under the symbol ‘GMGI’ on March 17, 2022. Golden Matrix shares were previously traded on the OTCQX Best Market.

For the quarter ended January 31, 2022, the company reported revenue of $8.88 million, an increase of 355% over the same quarter one year earlier. Net income for the three-month period was $349,379, up from $52,158 a year earlier. It was the company’s 14th consecutive profitable quarter.

In December 2021, Golden Matrix announced it had entered into a purchase agreement to acquire a controlling ownership interest in UK-based RKingsCompetitions Ltd., one of Ireland’s and the United Kingdom’s leading independent online competition companies. RKings presents customers with paid and free entry routes to competitions that offer a range of prizes, including residential properties, luxury and exotic motor vehicles, holiday packages, technology packages and cash. The competitions are currently open only to residents of Ireland and the United Kingdom. Golden Matrix acquired an 80% ownership interest in RKings for cash and stock. The company also secured an option to purchase the remaining 20 percent interest of RKings, subject to certain requirements.

In March 2022, Golden Matrix announced it had applied for a Mexican gaming permit and, once approved, expects to offer online gaming in Mexico as well as roll out the RKings tournament business globally.

Technology

Golden Matrix Group develops fully operational online casino turnkey solutions as well as highly modular, configurable and scalable gaming platforms for its international customers in an effort to promote user acquisition, engagement, retention and monetization. The provided white label gaming platform is unparalleled in both mobile and desktop website deployment, proving compatible throughout all major operating systems and web browsers. In addition, the platform enhances the client’s ability to cater to various gaming scenarios including but not limited to transaction management and a range of loyalty and reward programs. Moreover, user engagement is optimized through the ability to accommodate both free and paid games.

The company’s GM-X System (and recently its next generation GM-Ag System) is considered the industry standard, granting access to over 10,000 games from more than 25 game providers. Through the GM-X System, Golden Matrix offers the industry’s most extensive game portfolio. The company’s gaming partners dominate the global online gaming market to deliver innovative games and premium brand titles. The GM-X System offers payment gateways that integrate with third party platforms or digital wallets. It supports all major currencies and offers multiple language options. The system’s data analytics provide the operator with a 360-degree view of the gaming platform’s performance.

GMGI currently supports over 500 unique casino brands and over 6 million players.

Market Outlook

Online gaming and sports betting sites and apps are increasingly taking market share from traditional location-based casinos. Widespread internet service availability and increasing use of mobile phones for playing online games from homes and public places is driving the market, according to a report from Grand View Research. In addition, factors such as easy access to online gambling, legalization and cultural approval, corporate sponsorships, and celebrity endorsements are also contributing to market growth. The growing availability of cost-effective mobile applications across the globe is further expected to fuel market growth.

This trend is only expected to accelerate as millennials reach their peak earning years and Gen Z youth begin to complete their education and move into careers. These generations are completely comfortable with online recreation, and with using technology like digital wallets and digital gameplay that underpins online gaming.

The global online gambling market was valued at $53.7 billion in 2019 and is expected to grow at a CAGR of 11.5% from 2020 to 2027 to reach a value of $127.3 billion, according to Grand View Research, with much of the growth expected from the U.S. and Asia. Even Europe, the most mature gaming market, is expected to grow at a rate of 20-25% year-over-year.

Management Team

Brian Goodman is CEO of Golden Matrix Group. He has more than 20 years of diverse senior management experience and business development roles within the technology and internet gaming industries. He has a tertiary science qualification as well as a marketing and sales background. His previous roles have been entrepreneurial and include CEO and senior management positions in smaller organizations, which he founded or in which he held equity, as well as multinational organizations.

Cathy Feng is COO at Golden Matrix. She is a co-founder of GMGI and holds a Master of Commerce degree. She has 10 years of experience as a financial officer in the technology and internet gaming industries. In past management positions, she interpreted, analyzed and presented financial and operation information to facilitate business decisions, grow companies and resolve complex problems. In addition, she has skills in marketing, business development, leadership and strategic planning.

Omar Jimenez is CFO and Chief Compliance Officer at GMGI. Prior to joining the company, he was CFO and COO of Alfadan Inc., a supplier of marine outboard engines. He has held senior financial management and operational positions at public and private companies including NextPlay Technologies, American Leisure Holdings, US Installation Group and Onyx Group. He holds various accounting professional certifications, including CPA and CPCU, and degrees in finance, accounting and business.

Henry Zhang is Chief Technology Officer at Golden Matrix. He oversees all aspects of development, integration and deployment of GMGI’s technology systems. He plays a key role in evolving GMGI’s technology business to lead and shape the industry. He is responsible for developing and scaling new businesses, including online gaming, eSport and P2P Systems. He was instrumental in launching the GM-X system and has been with the company for more than six years.

Golden Matrix Group Inc. (NASDAQ: GMGI), closed Thursday's trading session at $4.48, off by 1.5385%, on 47,110 volume. The average volume for the last 3 months is 47,110 and the stock's 52-week low/high is $3.29/$10.72.

Recent News

FingerMotion Inc. (NASDAQ: FNGR)

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

FingerMotion (NASDAQ: FNGR) recently reported its financial results for the year ended February 28, 2022. “Annual revenue rose from $6.24 million in 2021 to $22.93 million in 2022, representing a 37% growth… For FY 2022, FingerMotion posted grows profits of $2.81 million, representing a 71% increase from the previous year. This was mainly achieved through the growth of the SMS & MMS business, which posted a 5% year-over-year (‘YoY’) growth, as well as Telecommunications Products and Services, which posted a 170% revenue growth from 2021. However, the sector that posted the highest growth was Big Data. Revenue for this sector grew 297% from the previous year, carrying on the momentum initiated in 2021,” a recent article reads. “Going forward, FingerMotion CEO Martin Shen noted that the company will keep pushing gross margins higher, which will be influenced by the optimization of the company’s product offerings. In addition, FingerMotion plans to follow through with its mobile protection program, whose rollout is on schedule and which, it is confident, will play an integral role in the company’s growth for the current financial year.” To view the full article, visit https://ibn.fm/aJQ8d

FingerMotion Inc. (NASDAQ: FNGR) is an evolving technological company with core competencies in mobile payment and recharge platform solutions in China. FingerMotion is in the process of developing additional value-added technologies to market to users.

Founded in 2016, FingerMotion’s goal is to serve over a billion users in the Chinese market and expand its model to other regional markets. The company has offices in Hong Kong, Shanghai and New York City.

Current Offerings

FingerMotion is analyzing and transforming mobile data to improve the lifestyle of the public through technology and innovation. The company’s current offerings include:

  • Telecommunications Products and Services – FingerMotion’s proprietary universal exchange platform, ‘PigeonHole Integration System (PIS)’, offers seamless integration between telecom operators and online stores. The service platform’s offerings include top up and recharge, data plan, mobile phone, loyalty points redemption and subscription plans. The platform offers reliable and secure transactions, real-time reconciliation, simple integration for partners and efficient settlements.
  • SMS and MMS Services – The integrated platform is registered as FingerMotion’s IP in China and provides a robust back-end control panel for corporate partners to manage their own messaging settings. FingerMotion’s clients range from insurance to financial industries, ecommerce firms, airlines and more. The platform offers competitive pricing for partners and provides quick and efficient review to meet timely marketing initiatives.
  • Big Data Insights – FingerMotion brings Big Data-enabled insurance solutions through its Big Data Insights arm, Sapientus. The company’s strategic partnerships with the largest Chinese telecommunications giants allow access to uncover behavior insights through geolocation and mobile data usage. Its Big Data offerings include risk scoring, precise marketing, simplified underwriting and customized products.
  • Rich Communication Services (RCS) – FingerMotion’s RCS platform will be a proprietary business messaging solution that enables businesses and brands to communicate their services to customers via 5G infrastructure. The company expects its RCS platform to offer a better user experience, more efficiency and cost-effectiveness when compared to other solutions.

Telecommunications and Insurtech Markets

The global telecommunications market was valued at $1.74 trillion in 2019 and is expected to grow at a CAGR of 5% from 2020 to 2027. The steady increase is expected to be driven by the adoption of 5G and the increased popularity of Internet of Things (IoT) applications.

The Chinese telecom market was valued at $254.1 billion in 2017 and is also constantly expanding. The current Chinese telecom market is dominated by three mobile operators – China Mobile, China Unicom and China Telecom, which together are responsible for around 1.6 billion active subscribers (https://ibn.fm/zfwy9).

In addition, the insurtech (insurance technology) market was valued at $2.72 billion globally in 2020 and is expected to grow at a CAGR of 48.8% from 2021 to 2028. The large increase is attributed to the rising use of technology solutions for everyday activities like acquiring insurance coverage (https://ibn.fm/TGo7D).

Through its proprietary platforms and technologies, FingerMotion is uniquely positioned to capitalize on the telecom and insurtech markets’ growth and opportunities.

Management Team

Martin J. Shen is the Chief Executive Officer of FingerMotion Inc. He has over 15 years of experience in senior management roles within entrepreneurial startups and large multinational corporations. He has acquired a wide range of corporate management, financial oversight and operation administration expertise through these roles. In his most recent role, he founded Imperial Distributors (formerly known as AP Martin Pharmaceutical Supplies Ltd.), establishing the company as the preferred choice for distributional support to regional pharmacies throughout Western Canada. Before founding Imperial, Mr. Shen served as the Chief Operating Officer and Chief Financial Officer at Wales and Son Industrial (formerly Weir Minerals), a firm specializing in global delivery and support for mining slurry equipment. He began his career at PricewaterhouseCoopers in Vancouver, with work tours in the tax department in Singapore and the tax audit and advisory group in Hong Kong. Mr. Shen is a U.S. Certified Public Accountant and holds a Bachelor of Science from the University of British Columbia.

Lee Yew Hon is the company’s Chief Financial Officer. From 2006 until November 2020, he was the Chief Financial Officer of Cubinet Interactive Group of Companies, and he also took on the Chief Operating Officer role in 2011. During his tenure, he was instrumental in leading Cubinet and building teams across the Southeast Asia region, setting up financial processes within a short time. Mr. Lee spearheaded the growth of Cubinet to other regions, including Europe, the Middle East and Russia. He received his diploma from Tunku Abdul Rahman College in 1996. He is a Chartered Accountant, a member of the Malaysia Institute of Accountants (MIA) and an Associate Member of the Chartered Institute of Management Accountants, UK (ACMA).

Li Li is the Senior Vice President of FingerMotion. She recently served as Advisor to Shenzhen WuYiKa Technology Co. Ltd., a comprehensive service platform dedicated to online service distribution and payment. The company has become a fast and efficient provider of new media marketing solutions for the mobile internet. She has held high-level management positions with multiple industry names, including Hangzhou JiuYue Information Technology Co. Ltd. and Hangzhou LingXuan Information Technology. Ms. Li started her career in 2004, founding Shanghai ChuangYeZZ Network Technology Co. Ltd. and serving as its Vice President. With the close cooperation of local operators, the company launched SMS, MMS, WAP, mobile JAVA games, Hunan Satellite TV e-magazine and other wireless internet services to meet the rapid development of wireless internet and application requirements. She received her degree from Nanjing Academy of Engineering.

FingerMotion Inc. (FNGR), closed Thursday's trading session at $1.42, off by 4.0541%, on 24,238 volume. The average volume for the last 3 months is 24,238 and the stock's 52-week low/high is $1.24/$9.25.

Recent News

Aditxt Inc. (NASDAQ: ADTX)

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

Heart transplant patients often undergo cardiac biopsies in the weeks and months after the transplant to check for heart problems and rejection. The procedure, which involves taking a small sample of heart tissue for testing, can be quite invasive. However, thanks to a new technique developed by researchers from St. Vincent’s Hospital Sydney and Victor Chang Cardiac Research Institute, heart transplant survivors won’t have to deal with invasive cardiac biopsies anymore. Scientists have developed a new magnetic resonance imaging (MRI) technique that can allow clinicians to check for signs of heart transplant rejection without hospital admissions and with minimal complications. Advances are also being made by companies such as Aditxt Inc. (NASDAQ: ADTX) in the search for ways to retrain the immune system so that the possibility of transplant rejection is reduced among patients.

Aditxt Inc. (NASDAQ: ADTX) is a biotech innovation company developing technologies focused on mapping and reprogramming the immune system. Aditxt’s immune mapping technologies are designed to provide a personalized immune profile. Aditxt’s immune reprogramming technologies, currently preclinical, are being developed to retrain the immune system to induce tolerance to address rejection of transplanted organs, autoimmune diseases, and allergies.

As further discussed below, the company’s first commercial product is an immune mapping technology, AditxtScore™, which is designed to provide a personalized profile of the immune system.

The company’s preclinical immune reprogramming technology, Apoptotic DNA Immunotherapy™ (“ADi™”), aims to retrain the immune system to induce tolerance, with the goal of addressing vast unmet needs in transplanted organ rejection, autoimmune diseases, and allergies. The company is developing specific ADi™ products for psoriasis, type 1 diabetes, and skin grafting.

Headquartered in Richmond, Virginia, Aditxt also operates locations in Silicon Valley and New York.

AditxtScore™

AditxtScore™ is a proprietary platform designed to provide a personalized, comprehensive profile of an individual’s immune system. The underlying technology, licensed from Stanford University through an exclusive worldwide agreement, offers a highly sensitive and accurate method of detecting and quantifying cellular responses, allowing greater specificity, quantification, and amplification of both clinical and commercial opportunities.

The company’s first commercial application of the platform, AditxtScore™ for COVID-19, delivers timely reports on vulnerability and immune status relating to SARS-CoV-2 and its known variants, giving consumers and physicians the data needed to make informed health decisions. Potential future applications will offer early detection of an array of conditions, including diabetes, cardio-metabolic maladies and hormonal imbalances.

Aditxt’s AditxtScore™ immune monitoring center in Richmond, Virginia, is operational and designed to support the anticipated increased demand for AditxtScore™ as well as related products and services. The company is currently scaling its capabilities at this location, with a goal of processing up to 10 million immune system tests/reports annually.

ADi™

ADi™ is Aditxt’s immune reprogramming platform addressing disease-causing immune responses while maintaining the immune system’s ability to combat pathogenic infection. The company is commercializing a nucleic acid-based technology called Apoptotic DNA Immunotherapy™ (ADi™) which utilizes a novel approach that mimics the way our bodies naturally induce tolerance to our own tissues (therapeutically induced immune tolerance). Aditxt believes its ADi™ technology platform can be engineered to address a wide variety of indications.

Aditxt is currently developing ADi™ products for psoriasis, type 1 diabetes and skin grafting.

Currently, immuno-tolerance is achievable through chimerism and cell-based therapy, but there is a clinical need for a more practical and cost-effective approach which:

  • Can be made into a product
  • Does not require additional hospitalization
  • Is simple to produce and ship

Preclinical studies have demonstrated that ADi™ treatment significantly and substantially prolongs graft survival, in addition to successfully “reversing” other established immune-mediated inflammatory processes. ADi™ treatment is not expected to require hospitalization, instead being delivered as an injection in minute amounts into the skin.

IP Portfolio

Both AditxtScore™ and ADi™ are supported by a strong IP portfolio.

AditxtScore™, built upon initial technology invented, licensed from and used at Stanford University, is protected by U.S. patents encompassing methods, systems, and kits for detection and measurement of specific immune responses.

ADi™ technology is protected by seven patent families, including:

  • 8 U.S. patents
  • 4 pending U.S. patent applications
  • 86 foreign patents and 14 pending foreign patent applications spanning the EU, Australia, Canada, Japan, China, India and Hong Kong

These patents are broadly categorized into three groups:

  • Autoimmune diseases and Type 1 Diabetes
  • Organ transplantation and a method of producing plasmid DNA to prevent immune activation
  • Composition of matter for a tolerance delivery system for antigens of interest

Aditxt also possesses and/or in-licenses substantial know-how and trade secrets relating to the development and commercialization of its product candidates, including related manufacturing processes and technologies.

Market Overview

The potential market opportunities presented by immune monitoring and reprogramming are extensive, particularly as Aditxt continues to evaluate additional applications for the platforms.

The company’s initial focus on organ transplantation and related autoimmune response provides some insight into the potential of its approach. According to BCC Research, the global organ and tissue transplantation and alternatives market is on course to reach $120.3 billion by 2024, recording a CAGR of 7.4% from 2019. Industry data suggest that approximately 50% of all transplanted organs are rejected within 10-12 years, further highlighting the critical need for a practical, cost-effective solution to harmful autoimmune responses.

Through its focus on the COVID-19 testing market with AditxtScore™, Aditxt demonstrated the wide-ranging potential of its portfolio. Fortune Business Insights estimated the global COVID-19 diagnostics market at $48.64 billion for 2022. While demand for COVID-19 diagnostics is expected to lessen in the coming years, Aditxt will be uniquely positioned to leverage its existing infrastructure stemming from these operations as the company works to advance broader applications for the AditxtScore™ platform.

Leadership Team

Amro Albanna is the Co-Founder, Chairman, and CEO of Aditxt. He has founded multiple startups to commercialize innovations in various industries, including healthcare, enterprise software, telecommunications, nano technology, consumer health, and biotech. Mr. Albanna has led numerous M&A and going-public transactions as a founder, co-founder, and senior executive.

Shahrokh Shabahang, D.D.S., MS, Ph.D., is the company’s Co-Founder, Chief Innovation Officer, and a member of its board. He brings to the team more than 20 years of experience in developing and commercializing life science technologies focused on product and clinical development in the fields of microbiology and immunology.

Corinne Pankovcin, CPA, MBA, is the President of Aditxt. Prior to joining Aditxt, Ms. Pankovcin served as CFO for several world class organizations, including Business Development Corporation of America, Blackrock Kelso Capital and AIG Capital Partners. In these roles, Ms. Pankovcin was responsible for executing portfolio investments and managing significant M&A transactions.

Thomas Farley is the Chief Financial Officer of Aditxt. From December 2015 to June 2020, Mr. Farley was the Controller and Treasurer of Business Development Corporation of America (“BDCA”), a publicly listed business development company. Prior thereto, from January 2011 to August 2015, Mr. Farley was the Senior Controller of Blackrock Capital Investment Corporation (NASDAQ: BKCC). Prior to joining BlackRock Capital Investment Corporation, Mr. Farley was a Senior Controller for PineBridge Investments Emerging Markets practice. Mr. Farley was also an Accounting Manager for Bessemer Venture Partners prior to his tenue at PineBridge. Mr. Farley began his career with PricewaterhouseCoopers LLP, from 1996 to 2001. Mr. Farley earned his B.S. in Accounting from Long Island University and is a Certified Public Accountant.

Rowena Albanna is the company’s Chief Operating Officer. Ms. Albanna has over two decades of experience in senior leadership roles for both technology startups and public companies. Ms. Albanna’s experience spans a wide variety of industries, including biotechnology, insect control, nanotechnology, consumer electronics, financials, telecommunications, e-commerce, online marketing, medical, and defense.

Matthew Shatzkes is the Chief Legal Officer and General Counsel of Aditxt. As a former partner at an AM Law 50 law firm, Mr. Shatzkes advised a wide variety of healthcare related entities, including biotech companies, on corporate, regulatory, and strategic business matters. Mr. Shatzkes will oversee all aspects of the legal functions at Aditxt, including, providing advice and counsel on governance, regulatory matters, strategic alliances, mergers and acquisitions, and commercial transactions.


Aditxt Inc. (NASDAQ: ADTX), closed Thursday's trading session at $0.1431, off by 28.45%, on 10,046,798 volume. The average volume for the last 3 months is 9.876M and the stock's 52-week low/high is $0.1242/$3.95.

Recent News

Kronos Advanced Technologies Inc. (OTC: KNOS)

The QualityStocks Daily Newsletter would like to spotlight Kronos Advanced Technologies Inc. (OTC: KNOS).

  • The indoor air quality solution market is projected to see a CAGR of 6.30% from 2021–2025
  • EPA reports that a growing body of scientific evidence has indicated that the air within homes and other buildings can be more seriously polluted than outdoor air
  • Kronos air purifiers destroy the widest range of pollutants, including viruses and VOCs

With a global pandemic capturing worldwide attention and health concerns becoming increasingly important, indoor air quality is coming under increased scrutiny. A recent report projects the indoor air quality market will see significant growth in the coming years (https://ibn.fm/SgtXP), a forecast that reinforces the commitment of Kronos Advanced Technologies (OTC: KNOS) to provide the best air-purification devices and products on the market.

Kronos Advanced Technologies Inc. (OTC: KNOS) develops and sells a variety of disruptive, advanced, state-of-the-art air filtration and purification systems that fully remove harmful allergens, bacteria, viruses (including the flu), and even gasses from indoor breathing spaces, including healthcare and other settings.

Kronos’ own patented medical-grade technology is tested as the most effective clean air solution on the market. Kronos filters particles down to .0146 micron (.0146μm) – far beyond the 3 microns (0.3μm) of a traditional HEPA filter. Kronos® not only collects but destroys air pollutants. Kronos® AIR 5G® Air Purifiers use about 30,000 volts inside to actively destroy 99.99% of all airborne bacteria, mold, and virus particles.

Kronos® devices operate silently using nanotechnology to remove 100% of pollutants in a 400ft2 room (up to the whole house) and replenishes the room with pure, clean air every 15 minutes. Indoor household air is often four times more polluted than outdoor air, and Kronos air purifiers act like bionic lungs for the home and protect the people in it.

Unlike traditional HEPA systems that collect pollutants on filters which can, over time, grow mold and bacteria, Kronos’ patented technology destroys and eliminates all manner of harmful particles and deposits them on easy-to-clean collecting plates. This reduces the risk of harmful particles in the air and eliminates the need to replace costly HEPA filters every month.

The Kronos® AIR 5G® Air Purifier destroys and eliminates dust, allergens, bacteria, and even viruses. The AIR 5G® has been third party lab tested and confirmed to kill 99.87% of influenza virus in one hour.

The patented system’s five step process starts with a pre-filter screen that filters and collects hair, pet dander, etc. The air is then pulled through emitter wires which create a 30,000-volt electro field that zaps dangerous particulates. In the ionic field, charged particles are destroyed, killing bacteria and pathogens. The particles are then captured on collecting plates, removing dangerous toxins from circulation. The collecting plate is easily cleaned and reused without buying new filters. The catalytic layer is the final step in the purification process, removing odors and keeping the air fresh and pure. The AIR 5G® has Smart Control Auto Mode, which measures and displays the air quality in the room and self-adjusts fan speed based on how dirty the air is in the room. There’s also an AIR 5G® Smart App that displays the real time Air Quality Index and acts as a remote control.

The Kronos® AIR 5G® Air Purifier is offered in three models:

  • Kronos® AIR 5G® X3 air purifier combines powerful patented TPA® technology with a compact form factor up to six times smaller than other air purifiers, with washable and reusable filters.
  • Kronos® AIR 5G® X5 thoroughly wipes out dust, smoke, dander, bacteria, pollen, viruses, odors, germs, and more from the air, delivering the healthiest breathable air possible. It was developed for some of the world’s most polluted areas and is now available for use in the home. It runs completely silently, passing through five stages of purification to guarantee the cleanest possible air in homes or offices.
  • Kronos® AIR 5G® X8 delivers maximum power, more than doubling the capacity and efficiency of the Kronos X5, with CADR speeds of up to 470 CFM – enough to clean a 1,000ft2 room in just 20 minutes.

Kronos also offers the Kronos Car Air Purifier, the most advanced car air purifier with Kronos’ patented TPA® technology, and FitAir, the best personal air purifying solution that brings clean air anywhere by cleaning within 25ft2 of personal space at an airflow rate of 3x per hour.

Market Overview

The global air purifier market was valued at $10.38 billion in 2020 and is expected to reach $21.15 billion by 2027, achieving a CAGR of 10.7% over the forecast period, according to Brandessence Market Research. The market is primarily driven by the increasing concerns about both outdoor and indoor air pollution, coupled with the associated health problems.

Air pollution is one of the most prevalent concerns, due to worsening environmental condition. According to Health Effect Institute, it accounts for 4.9 million to 8.8 million deaths worldwide each year. Furthermore, as most of our time is spent is indoors, indoor air pollution remains a serious concern to individuals, as well as regulatory agencies. Particles like PM 2.5 can enter indoors through a wide range of sources including car engines, fireplaces, and coal- or natural gas and the infiltration of ambient particulates in urban areas. Even in the absence of solid fuels, indoor ventilation can build up PM 2.5 particles to a greater extent than in outdoor environments. Growing demand for portable air purification filters and systems in urban areas, increased advancements to catch key particulates like coronavirus, and increased regulatory measures to ensure safe environments for professionals in the industrial sector remain leading drivers of growth in the air purifier market.

Poor indoor air quality can cause fatigue, headache, and irritation of the eyes, throat, lungs, and nose, which can have a negative impact on worker productivity. Some air contaminants can cause asthma and other respiratory diseases.

Air purifier adoption is increasing rapidly in the U.S. to minimize health issues caused by poor air quality. Strict air quality standards, guidelines, and regulations in the U.S. are expected to have a positive impact on the market. For instance, the New Jersey Indoor Air Quality standard, NJAC 12:100-13 (2007), sets guidelines and standards related to indoor air quality during working hours in public employee-occupied buildings.

Key manufacturers are focusing on acquisitions and mergers to expand their geographical reach and strengthen their position in the market.

Management Team

Michael Rubinov, President and Head of Business Development

A seasoned hi-tech executive with 25 years of global business experience, Mr. Rubinov has served in various positions in sales, marketing, channel development and partner management. He has worked for large and global organizations such as Intel, NICE Systems, and Boeing (Defense and Security), as well as for start-up companies like Dialogic and Remunera International SA. He was appointed President and Head of Business Development of Kronos Advanced Technologies Inc. in February 2020. Mr. Rubinov holds an MBA, an MS Computer Sciences, and a BS Electrical Engineering.

Joseph L. Florence, Chief Operational Officer & CTO

A dynamic skilled leader in all aspects of business formation, evaluation, and execution, Mr. Florence brings a unique combination of Fortune 100 company experience with a lifetime of entrepreneurial experience to the Kronos team. He is a gifted visionary, possessing the unique ability to see future opportunities and make timely strategic adjustments and is naturally gifted at seeing unrecognized risk and overlooked opportunities. Mr. Florence has a proven track record of transforming companies to better align people, processes, and technologies to meet strategic goals and business metrics resulting in increased market share and profitability.

Kronos Advanced Technologies Inc. (OTC: KNOS), closed Thursday's trading session at $0.0132, off by 9.589%, on 22,813 volume. The average volume for the last 3 months is 22,813 and the stock's 52-week low/high is $0.01/$0.064.

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Why do we spotlight companies for Free?
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