The QualityStocks Daily Friday, July 5th, 2024

Today's Top 3 Investment Newsletters

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The QualityStocks Daily Stock List

Qualigen Therapeutics (QLGN)

OTC Stock Review, QualityStocks, MarketClub Analysis, BUYINS.NET, MarketBeat, Trades Of The Day, StockMarketWatch and Premium Stock Alerts reported earlier on Qualigen Therapeutics (QLGN), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Qualigen Therapeutics Inc. (NASDAQ: QLGN) (FRA: 7R9B) is a biotechnology firm that is focused on the discovery, manufacture and development of new therapeutic products for the treatment of infectious ailments and cancer.

The firm has its headquarters in Carlsbad, California and was incorporated in 2004, on March 29th. It serves consumers in the state of California.

The company’s aim is deliver change through science by reducing the time it takes to perform crucial tests. It is working towards developing treatments that give hope to patients and improve patient outcomes and in turn, improve the quality of life of every patient.

The enterprise’s product pipeline is made up of a DNA/RNA-based treatment device dubbed the Stars blood cleansing system, which has been designed to remove viruses and tumor-produced compounds from a patient’s circulating blood. It also develops a small-molecule RAS oncogene protein-protein inhibitor dubbed RAS-F3, which has been designed to block RAS mutations and prevent the formation of tumors, particularly in lung, colorectal and pancreatic cancers. In addition to this, the enterprise also develops a formulation known as AS1411, which is indicated for the treatment of viral-based infectious ailments; and a DNA coated gold nanoparticle cancer drug candidate termed ALAN (AS1411-GNP), which has been designed to target different types of cancer. Furthermore, the enterprise provides a rapid diagnostic testing system dubbed FastPack.

The company, which recently announced its latest financial results, is currently focused on advancing its oncology pipeline programs. It is particularly focused on its RAS-F asset, which has produced encouraging preclinical data. The success of this formulation will be good for the company’s revenues, growth and investments.

Qualigen Therapeutics (QLGN), closed Friday's trading session at $0.28, up 59.5442%, on 244,691,851 volume. The average volume for the last 3 months is 35.266M and the stock's 52-week low/high is $0.1449/$1.26.

Hiru Corporation (HIRU)

OTCReporter, Mina Mar Marketing Group, Willy Wizard, Stockpalooza, CRWEWallStreet, Penny Invest, PennyOmega, DrStockPick, StockHotTips, BestOtc, CRWEFinance, CoolPennyStocks, PennyToBuck, BullRally, Stock Rich, HotOTC, StockEgg, CRWEPicks, QualityStocks, OTCPicks, Epic Stock Picks, StockRockandRoll, Penny Stock 101, PennyStockLocks, Stocks Gone Wild, MarketClub Analysis, Wise Alerts, Micro Cap Momentum, HEROSTOCKS, Purely Penny Stocks, Topgun stockpicks, Penny stock Profitz, The Stock Psycho, Stocktwiter, Stock Exploder, Bull Warrior Stocks, StocksAlarm, StockMister, Penny Stocks Pushers, SmarTrend Newsletters, Penny Picks, Greenbackers, Pumps and Dumps, PennyStockRumors.net, Light Speed Stocks, Wise Penny Stocks, BeatPennyStocks and Damn Good Penny Picks reported earlier on Hiru Corporation (HIRU), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Hiru Corporation (OTC: HIRU) is engaged in the production of Chinese herbs for China’s naturopathic industry.

The firm has its headquarters in Phoenix, Arizona and was incorporated in 1989. Prior to its name change in November 2008, the firm was known as Phoenix Restaurant Group Inc.

The company distributes and sells its pharmaceuticals, dietary and herbal supplements, beauty and health products and other healthcare products via regional distributors, as well as directly to pharmacies, clinics and hospitals in China.

The enterprise manufactures herbal supplements that contain ginseng and an additional 120 extracts which are also utilized in traditional Chinese medicine. It also provides consumers in the state of Arizona with bottled water and bagged ice. In addition, it is involved in the development, manufacture and commercialization of various veterinary products for the agricultural market in China via its Jiangxi Shuangshi AHP Co. subsidiary whose objective is to protect both human and animal health. The enterprise is focused on expanding its research and development and is planning to introduce veterinary solutions and drugs to the Chinese market via its subsidiary. To improve the health of livestock, the firm produces premixes, loose powders, feed additives, liquid disinfectants, oral liquids, injections, volume injections and other injectables.

The company is focused on meeting all of its consumers’ demands having recently appointed a new CEO. This appointment will help bring in a lot of investment opportunities as well as business into the firm, which are bound to have a positive effect on the company’s growth.

Hiru Corporation (HIRU), closed Friday's trading session at $0.00055, up 22.2222%, on 192,429,635 volume. The average volume for the last 3 months is 46,811 and the stock's 52-week low/high is $0.0003/$0.006.

Imunon Inc. (IMNN)

We reported earlier on Imunon Inc. (IMNN), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Imunon Inc. (NASDAQ: IMNN) (FRA: CBO) (LON: 0HUZ) is a clinical-stage biopharmaceutical firm that is focused on developing and commercializing DNA-based vaccines, immunotherapies and directed chemotherapies.

The firm has its headquarters in Lawreneceville, New Jersey and was incorporated in 1982 by Yim-Pan Cheung. Prior to its name change, the firm was known as Celsion Corp. It operates as part of the biotechnology industry, under the healthcare sector. The firm serves consumers around the globe.

The company is focused on advancing a portfolio of innovative treatments which harness the body's natural mechanisms to generate effective, safe and durable responses across a broad array of human illnesses. It operates through the ThermoDox and Celsion brands.

The enterprise has developed a feasibility stage platform technology for the development of nucleic acid-based vaccines, immunotherapies and other anti-cancer DNA or RNA therapies dubbed TheraPlas; and its Placcine platform, which develops nucleic acid vaccines for cancer and other infectious illnesses. Its product pipeline is comprised of a DNA-based immunotherapy dubbed GEN-1, which has been developed to locally treat ovarian cancer. It also develops a proprietary heat-activated liposomal encapsulation of doxorubicin known as ThermoDox, which is in the development stage for a range of cancer indications.

The company, which recently provided a business update, remains focused on advancing its pipeline, whose success and approval will bring in additional revenues and investments into the firm. This is in addition to benefiting patients with various indications and generating value for its shareholders.

Imunon Inc. (IMNN), closed Friday's trading session at $1.36, up 11.9342%, on 115,489 volume. The average volume for the last 3 months is 5,718 and the stock's 52-week low/high is $0.48/$2.00.

American Picture House (APHP)

We reported earlier on American Picture House (APHP), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

American Picture House Corp. (OTCQB: APHP) is an entertainment company engaged in the development, packaging, financing, and production of TV shows and films.

The firm has its headquarters in New York and was incorporated in 1973. It operates as part of the entertainment industry, under the communication services sector. Prior to its name change in April 2020, the firm was known as Life Design Station International Inc. The firm serves consumers around the globe.

The company’s focus is on feature films, limited series, and content-enhancing technologies. It is pioneering in the film industry by combining data analytics with creative storytelling. The company’s approach to movie making is rooted in understanding audience preferences and market trends, ensuring its films are not just captivating but also deeply resonant. Its wholly owned subsidiaries include Ask Christine Productions LLC and Devil’s Half-Acre LLC.

The enterprise partners with filmmakers, showrunners, and content providers to develop, package, finance, and produce feature films, shows, and other media with broad-market appeal. It also offers general consulting services to clients in the entertainment industry as well as provides various services, including strategy, development, and procurement of materials like business plans, financial projections, and corporate marketing materials for the entertainment industry. The enterprise intends to specialize in mid-budgeted productions where over 100% of the budget can be collateralized by a film or shows intellectual property, pre-sold licensing contracts, grants, tax rebates, unsold licensing sales projections, and incentive agreements.

The firm recently appointed Mr. Jonathan Sanger as its new president, who has an illustrious career that spans four decades in the film industry. This move brings significant business and management experience that may positively benefit the firm and its shareholders.

American Picture House (APHP), closed Friday's trading session at $0.29, off by 3.3333%, on 17,006 volume. The average volume for the last 3 months is 8.357M and the stock's 52-week low/high is $0.112/$0.414.

Salesforce Inc. (CRM)

The Street, InvestorPlace, Kiplinger Today, Schaeffer's, MarketClub Analysis, Investopedia, MarketBeat, All about trends, StreetInsider, Zacks, StocksEarning, The Online Investor, Trades Of The Day, StreetAuthority Daily, Early Bird, Daily Trade Alert, Barchart, Market Intelligence Center Alert, StockEarnings, FreeRealTime, Money Morning, Cabot Wealth, INO.com Market Report, Marketbeat.com, Wealth Insider Alert, TipRanks, Money Wealth Matters, Money and Markets, Louis Navellier, TopStockAnalysts, internetnews, Street Insider, Daily Wealth, ProfitableTrading, Top Pros' Top Picks, SmarTrend Newsletters, GorillaTrades, PROFIT CONFIDENTIAL, InvestmentHouse, Stansberry Research, The Motley Fool, AllPennyStocks, Wyatt Investment Research, Investors Alley, TradingMarkets, Super Stock Investor, Trading Concepts, Daily Profit, FeedBlitz, The Wealth Report, StrategicTechInvestor, InvestorGuide, Uncommon Wisdom, CNBC Breaking News, Investment House, Darwin Investing Network, QualityStocks, MarketWatch, TheStockAdvisors, Stock Tips Network, The Night Owl, Trading Tips, Millennium-Traders, YOLOTraderAlerts, Stockhouse, INO Market Report, Insider Wealth Alert, The Trading Report, IT News Daily, Investing Daily, Trading Markets, InvestorsObserver Team, FNNO Newsletters, Market Intelligence Center, InsiderTrades, Greenbackers, internet, The Stock Enthusiast, The Best Newsletters, Investment U, The Street Report, StockTwits, Daily Markets, Wall Street Daily, Dynamic Wealth Report, MarketTamer, SmallCapVoice, Dividend Opportunities, The Growth Stock Wire, WStreet Market Commentary, Investor Guide, Investor Update, The Wall Street Transcript, Wealth Daily, equities Canada, CustomerService, BUYINS.NET, SureMoney, Inside Trading, Jim Cramer, TheOptionSpecialist, Earnings360, Investing Signal, The Weekly Options Trader, The Stock Dork, Eagle Financial Publications, TheStockAdvisor, Bellwether Report, TradingAuthority Daily, Trading with Larry Benedict, Chaikin PowerFeed, SmartMoneyTrading, Smart Investing Society, Options Elite, Todd Horwitz, Chaikin Analytics, PennyOmega, Buttonwood Research, Brainy Brands Company Alerts, Average Joe Options, Hit and Run Candle Sticks, Equities.com, DividendStocks, Damn Good Penny Picks, Inside Investing Daily, Traders For Cash Flow, StockMarketWatch, StockOnion, Stocks That Move, Stocks To Watch, Stocktwiter, StreetAuthority Financial, TheTradingReport, Penny Pick Finders, Trader Prep, Rick Saddler, TradersPro, Trading For Keeps, TradingTips, Vantage Wire, Wall Street Greek, Wallstreetlivechat, Wealthpire Inc., Trade of the Week, 24/7 Trader, Investiv, InvestorsUnderground, iStockAnalyst, Jon Markman's Pivotal Point, Leeb's Market Forecast, Market Authority, Market FN, SmallCap Network, OTCtipReporter, SiliconValley, Penny Stock Buzz, PennyStockProphet and PennyStockScholar reported earlier on Salesforce Inc. (CRM), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Amazon faced some criticism following its launch of the Just Walk Out technology at different physical grocery stores across several markets. This new artificial intelligence-powered system allows consumers at different Amazon Go and Amazon Fresh shops to just pick the things they need and leave the premises, all without having to stop.

To work, this system uses many sensors to determine what a customer picks. Once this is done, the customer is then billed automatically.

What you may not be aware of is the fact that a few months ago, it had been reported that while Just Walk Out did rely on artificial intelligence (AI), the system also needed actual workers to go through almost three-quarters of these “smooth sailing” transactions.

Amazon refuted these claims, however, explaining that the workers, all from India, didn’t have to review video footage from all the company’s shops. Instead, Amazon noted, the employees were reviewing the system in an effort to improve accuracy.

This is a good example of how companies globally are making bloated claims about their use of artificial intelligence. This phenomenon has been termed as “AI washing,” in reference to green-washing claims often made with regard to the environment.

There are several types of AI washing, starting with companies that just integrated an artificial intelligence chatbot onto their current non-AI operating software. Some companies are also overstating the effectiveness of their artificial intelligence over current methods, with some going as far as to suggest that their solutions are fully operational even when they aren’t.

Additionally, other companies are claiming to use artificial intelligence when, in fact, they’re using computing that’s even less sophisticated.

An analysis recently conducted by OpenOcean determined that more than 25% of tech start-ups mentioned the use of artificial intelligence in their pitches last year. This is an increase from the 10% who did the same in 2022.

Sri Ayangar, a team member at OpenOcean, posits that a desire to appear advanced and compete for additional funding has prompted some companies to overstate their artificial intelligence capabilities. Ayangar argues that some founders hold the opinion that not including artificial intelligence in their pitch may be disadvantageous to them.

From the company’s analysis, an imbalance exists between companies that have demonstrated tangible results driven by artificial intelligence and those that claim to have these capabilities. This issue seems to have existed for some years now, according to a separate study done by MMC Ventures, a tech investment company. In its report, MMC had determined that 40% of new tech companies that defined themselves as AI start-ups used no artificial intelligence in their activities.

AI washing not only keeps companies from meeting operational objectives but also makes it harder for investors to identify organizations that are genuinely innovative. Additionally, trust in start-ups can be eroded if consumers hold false expectations from products claiming to provide advanced artificial-intelligence-driven solutions.

To help prevent this, regulators in America have begun charging companies that make misleading and/or false statements about the extent of their use of artificial intelligence.

Over in the United Kingdom, regulations that cover AI washing have already been implemented. This includes the Advertising Standards Authority’s code of conduct, which directs marketing comms to not mislead consumers.

This “AI washing” won’t dent the inroads that true AI solutions from enterprises such as Salesforce Inc. (NYSE: CRM) are making in business because, as they say, the proof of the pudding is in the eating.

Salesforce Inc. (CRM), closed Friday's trading session at $263.19, up 0.858402%, on 6,562,111 volume. The average volume for the last 3 months is 91.233M and the stock's 52-week low/high is $193.68/$318.715.

Tesla Inc. (TSLA)

The Street, Green Car Stocks, InvestorPlace, StreetInsider, Schaeffer's, Kiplinger Today, Investopedia, Zacks, MarketClub Analysis, MarketBeat, The Online Investor, Daily Trade Alert, Money Morning, Options Elite, StreetAuthority Daily, Trades Of The Day, Early Bird, Market Intelligence Center Alert, Cabot Wealth, Energy and Capital, All about trends, StocksEarning, Wealth Daily, TopStockAnalysts, CNBC Breaking News, InvestorGuide, Uncommon Wisdom, Barchart, StockEarnings, The Motley Fool, Street Insider, Louis Navellier, MarketWatch, Daily Profit, Profit Confidential, Marketbeat.com, AllPennyStocks, Trading Tips, Money and Markets, ProfitableTrading, InvestorIntel, Investors Alley, Top Pros' Top Picks, Alternative Energy, SmarTrend Newsletters, INO Market Report, Wyatt Investment Research, Wealth Insider Alert, TipRanks, Money Wealth Matters, StrategicTechInvestor, Wall Street Daily, Investor Guide, Investing Daily, The Wealth Report, Greenbackers, CustomerService, FreeRealTime, Investment U, Market Intelligence Center, smartmoneytrading, The Street Report, MarketTamer, Stock Up Featured, INO.com Market Report, Trading Concepts, Daily Wealth, Wall Street Elite, QualityStocks, Eagle Financial Publications, Hit and Run Candle Sticks, wyatt research newsletter, Investiv, The Growth Stock Wire, National Inflation Association, Jon Markman’s Pivotal Point, SureMoney, Short Term Wealth, StockMarketWatch, GorillaTrades, Investing Futures, Wall Street Profit Search, DividendStocks, Streetwise Reports, Darwin Investing Network, Insider Wealth Alert, Market Authority, Stock Barometer, equities Canada, Total Wealth, Dynamic Wealth Report, Rockwell Trading, Average Joe Options, Bourbon and Bayonets, SmallCap Network, SmallCapVoice, The Night Owl, Equities.com, Stock Gumshoe, TheStockAdvisors, Inside Investing Daily, The Stock Dork, The Trading Report, Trade of the Week, Daily Dividends, Rick Saddler, Investment House, Power Profit Trades, FeedBlitz, InvestorsUnderground, WStreet Market Commentary, The Best Newsletters, Investor News, Outsider Club, Dividend Opportunities, Prism MarketView, TheOptionSpecialist, OilAndEnergyInvestor, BUYINS.NET, InvestorsObserver Team, Contrarian Outlook, Lebed.biz, Direction Alerts, TradersPro, Stock Tips Network, Shah's Insights & Indictments, Wall St. Warrior, 360wallstreet, 777 Stocks, Investor Ideas, BillionDollarClub, bullseyeoptiontrading, Investors Underground, Market Trends, Jason Bond, Economic News Room, InvestmentHouse, Market FN, BullDogReporter, Smart Investing Society, The Wall Street Transcript, Terry's Tips, Trader Prep, TradeSmith Daily, The Weekly Options Trader, Stock Analyzer, SmallCapNetwork, Visual Capitalist, Schaeffer’s, Wall Street Window, Wealthpire Inc., Penny Sleuth, Options Trader Elite, Trading Markets, Merger Arbitrages, Inside Trading, The Daily Market Alert and Microcapmillionaires reported earlier on Tesla Inc. (TSLA), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Tesla Inc. (NASDAQ: TSLA) remains at the front of the rapidly evolving electric vehicle (EV) industry, consistently pushing the limits and attracting significant investor interest. However, as the company faces a series of catalysts over the coming weeks while preparing to report second-quarter delivery results, investors are gearing up for a major stock price volatility. This could substantially impact the company’s valuation and position in the market.

Recent reports by Citigroup show that Tesla investors are preparing for a potential move of around 15% in either director for the company’s stock price through mid-August.  However, key investors and strategists are warning that the 15% is lower and the actual volatility could be much higher because these events have triggered significant stock prices for the Elon Musk-owned company in the past.

Three key pivotal factors are expected to drive Tesla’s stock price in the coming weeks and earnings on July 17, 2024. First, the Q2 delivery and earnings reports have always been major events for Tesla investors. These figures are important because they will help investors understand vehicle demand production and efficiency. Following these delivery reports, analysts report that Tesla’s earnings have been declining, which could significantly impact investors’ expectations for profit and revenue.

Second, unveiling the self-driving vehicle Robotaxi, which is set for early August, could also drive Tesla’s stock price. This self-driving vehicle could be a game changer for the company and investors as it impacts the stock price. Musk is doing a lot to position the company as more than just an electric vehicle maker; it is also an artificial intelligence company.  Investors believe that Musk can transform the company into a dominant AI player in the industry.

The anticipation for the unveiling of the Robotaxi could also trigger substantial stock movements and open up new revenue streams while also strengthening the company’s position in the autonomous vehicle market.

Third, the company is slated to announce its earnings in July, and investors and the public are eagerly waiting to hear how the company is performing in this crucial metric. For investors, the earnings signal whether the business is continuing on a profitability path or whether it is time to pull out some of their money and invest it elsewhere, especially if the market cap of the company also takes a significant hit.

Given the potential impact of these significant events, investors in automotive and energy companies are gearing up for heightened volatility in the coming weeks. As Tesla navigates these tumultuous waters, investors are keeping a close eye on the company’s performance.

Tesla Inc. (TSLA), closed Friday's trading session at $251.52, up 2.0821%, on 154,501,152 volume. The average volume for the last 3 months is 3.263M and the stock's 52-week low/high is $138.8025/$299.29.

Nikola Corporation (NKLA)

Green Car Stocks, Schaeffer's, StockEarnings, InvestorPlace, QualityStocks, MarketClub Analysis, StocksEarning, MarketBeat, The Street, Early Bird, Kiplinger Today, Trades Of The Day, StreetInsider, Daily Trade Alert, The Online Investor, Zacks, GreenCarStocks, Cabot Wealth, Louis Navellier, CNBC Breaking News, Wealth Insider Alert, Investopedia, INO Market Report, InvestorsUnderground, MarketTamer, StockMarketWatch, The Wealth Report, AllPennyStocks, Earnings360, DividendStocks, Daily Wealth, Outsider Club, Daily Profit, Premium Stock Alerts, Prism MarketView, BillionDollarClub and Green Energy Stocks reported earlier on Nikola Corporation (NKLA), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Ford has chosen Long Beach, California,  as the official location for the construction of a plant where the U.S. automaker will develop its new electric-vehicle platform. According to Ford, a Skunkworks team based at the Long Beach facility will be tasked with building affordable electric cars on Ford’s next-generation, electric-vehicle platform. With the U.S. market and other large EV markets reeling from falling EV demand due to high costs, lower-priced EVs will be key to Ford remaining competitive in America’s shrinking EV market.

During a February call with investors, Ford CEO Jim Farley revealed that the automaker had been developing a low-cost EV platform in secret via a small Skunkworks team that comprised some of the world’s “best electric-vehicle engineers.” This includes former Tesla engineer Alan Clarke as project lead as well as members who previously worked for Apple, Lucid and Rivian. Ford has also enlisted the expertise of top eVTOL industry players such as Hyundai subsidiary Supernal, Joby and Archer Aviation.

Farley said the Skunkworks team is using a different engineering approach to develop a different product with different chemistry and a significantly smaller battery at “a different cost.” The team is developing the affordable electric car on Ford’s new EV platform, a platform the automaker claims will be flexible enough to support numerous different types of electric cars. Farley described the affordable EV project as a startup that is separate from Ford’s main operations.

A Bloomberg Business report revealed that the team comprised fewer than 10 members a few months ago, but a recent report from TechCrunch shows the team has expanded to nearly 300 members with around 50 engineers coming from Rivian, 20 from Tesla and 12 from Canoo through the past year. Ford also hired 10 people from U.S. electric vehicle startup Lucid as well as some of the engineers from Project Titan, Apple’s ambitious but ultimately discontinued electric-vehicle platform.

Internally referred to as the Ford Advanced EV team, the Skunkworks team is part of a global effort to develop “focused technology” as well as product-development teams at some of the world’s best talent centers, said Ford chief EV, digital and design officer Doug Field. Nearly every automaker in the U.S. market is scrambling to develop an affordable electric vehicle for the general market.

The early-adopter market is largely fulfilled after nearly a decade of premium prices, and general consumers have made it clear that they aren’t willing to shell out tens of thousands of extra dollars for an EV. Carmakers such as Ford and General Motors have now scaled back their ambitious plans for electrification as electric-vehicle demand wanes and unsold EVs build up in dealership lots across the country.

It remains to be seen whether other manufacturers such as Nikola Corporation (NASDAQ: NKLA) will beat Ford to the market for affordable models of electric vehicles.

Nikola Corporation (NKLA), closed Friday's trading session at $8.99, up 10.3067%, on 4,282,498 volume. The average volume for the last 3 months is 4.611M and the stock's 52-week low/high is $7.25/$111.30.

Aurora Cannabis Inc. (ACB)

InvestorPlace, Schaeffer's, StocksEarning, MarketClub Analysis, MarketBeat, The Street, QualityStocks, StockEarnings, Trades Of The Day, Daily Trade Alert, StreetInsider, The Online Investor, Wealth Insider Alert, Market Intelligence Center Alert, Kiplinger Today, StockMarketWatch, CFN Media Group, Investopedia, Stock Up Featured, Profit Trends, BUYINS.NET, Jim Cramer, BlackSwanAlert, The Rich Investor, CannabisNewsWire, StreetAuthority Daily, Early Bird, Cannabis Financial Network News, CNBC Breaking News, Inside Trading, Daily Profit, Investors Alley, Investors Underground, Market Intelligence Center, Outsider Club, Zacks, Technology Profits Daily, The Wealth Report, TheTradingReport, Top Pros' Top Picks, Tradespoon, Wall Street Window and Money and Markets reported earlier on Aurora Cannabis Inc. (ACB), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Pennsylvania’s medical cannabis market generated more than $1.3 billion in sales in 2023, despite numerous issues and outages with the state’s mandated track-and-trace software. Operators claim these problems could be avoided if the software provided by MJ Freeway functioned correctly.

Although MJ Freeway recently merged with BioTrack to form Alleaves, it remains the sole provider under a contract established in 2017. Industry operators and a few legislators have voiced frustrations regarding MJ Freeway’s lack of a two-way Application Programming Interface (API) with other approved software used for sales and inventory management. This means businesses must manually input data, such as lab results and POS information, into MJ Freeway, which is both prone to errors and is time consuming. Additionally, when MJ Freeway experiences an outage, such as one that occurred last September, all operations are forced to halt.

Software providers, such as I Heart Jane and Dutchie, have confirmed that the API connection with MJ Freeway is nonfunctional, further complicating matters for businesses.

The situation is exacerbated by the state health department’s delay in implementing a fully integrated API system as mandated by a 2021 rule. State Representative Joe McAndrew expressed his confusion over the monopoly held by MJ Freeway in the state’s cannabis industry. McAndrew presented a resolution to the state legislature in May that would mandate that the health department integrate the required API technology per state law and review its contract with MJ Freeway within a month.

At the moment, medical marijuana enterprises can employ seven software providers certified by the health department; however, not all of them can interface with MJ Freeway. The ambiguity surrounding which platforms can communicate with the mandated software adds to the confusion.

Neil Ruhland, a spokesman for the health department, emphasized the organization’s dedication to safeguarding patient data while also looking for ways to enhance the current setup. Ruhland acknowledged that Pennsylvania already employs a seed-to-sale solution with some API capabilities, but he did not specify which vendors have a functional two-way API with MJ.

Moreover, the state is exploring alternatives to MJ Freeway, as indicated by a public notice posted last November, though the current status of that search remains unclear.

The $10.3 million, five-year contract with MJ Freeway was extended in April 2022. Grown In, a cannabis-related newsletter, said that MJ Freeway can charge medical cannabis licensees an extra $80,000 a year for assistance because of the deal.

As state lawmakers consider three different proposals for legalizing adult-use marijuana, the importance of a reliable seed-to-sale platform becomes more evident. Legalization PA, an advocacy group, estimates that legalizing recreational cannabis could potentially boost the state’s cannabis market to $2.8 billion in yearly sales.

Cannabis advocates thus emphasize the necessity of an effective and interactive software system to prevent the problems encountered in the past few years.

The concerns of industry players in Pennsylvania need to be addressed so that they don’t have to grapple with more challenges than they already face. This will enable them to have a chance at thriving in the same way industry companies such as Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) are thriving in other legal markets.

Aurora Cannabis Inc. (ACB), closed Friday's trading session at $4.82, off by 1.6327%, on 481,042 volume. The average volume for the last 3 months is 203,873 and the stock's 52-week low/high is $2.84/$11.50.

BitFuFu Inc. (FUFU)

QualityStocks and 360 Wall Street reported earlier on BitFuFu Inc. (FUFU), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

The U.S. Treasury Department has announced a new requirement for most crypto brokers to report user transaction proceeds to the Internal Revenue Service (IRS) starting in two years. The measure, aimed at preventing tax evasion in the cryptocurrency market, was revealed through an IRS statement on June 28, 2024.

Beginning in 2026, payment processors and crypto exchanges, including platforms such as Coinbase, will be mandated to share information on user trades and sales with the IRS. This includes, in certain cases, stablecoins such as Circle’s USDC and Ether (USDT), as well as high-value NFTs. However, the IRS remains undecided on whether tokens should be classified as commodities or securities.

The IRS clarified that this is not a new tax but a reinforcement of the existing obligation for crypto investors to pay taxes on asset sales. According to the agency, the new rules align with those already applicable to mainstream financial services.

The regulation is being promoted as a deterrent against tax evasion on cryptocurrency platforms, which often facilitate this crime due to the difficulty of linking public transaction addresses to specific individuals. The change will also simplify tax reporting for crypto traders, allowing them to receive straightforward tax forms annually, similar to those for stocks and other conventional asset investors. In the past, cryptocurrency investors have depended on expensive and often unreliable services to estimate their taxes.

Notably, the new rule exempts certain platforms, such as decentralized exchanges, which focus on peer-to-peer trading without middlemen, from reporting user transactions. Nonetheless, the statement notes that the U.S. Treasury Department has plans to explore additional reporting requirements for decentralized cryptocurrency exchanges this year.

The federal government is expected to raise $28 billion in tax revenue from the adoption of the reporting rule, according to a Deloitte analysis.

U.S. financial regulators have been attempting to oversee crypto platforms for nearly a decade. In recent years, the U.S. Securities and Exchange Commission (SEC) has pursued legal actions, penalties and charges against major crypto companies, including FTX, Binance and Coinbase.

Although the IRS has mandated that cryptocurrency investors disclose their transactions on tax returns, it has not yet established a thorough regulatory structure, in contrast to the recently enacted tax reporting rule. Instead, most tax authorities worldwide, including the IRS, have had to rely on subpoenas to identify significant transactions, a challenge compounded by the cryptocurrency market’s constant evolution.

Other crypto industry players, such as BitFuFu Inc. (NASDAQ: FUFU), could be bracing for additional reporting requirements from the IRS that could apply to the industry segment in which they operate.

BitFuFu Inc. (FUFU), closed Friday's trading session at $4.34, off by 0.913242%, on 216,124 volume. The average volume for the last 3 months is 52.339M and the stock's 52-week low/high is $2.32/$18.32.

NIO Inc. (NIO)

Green Car Stocks, InvestorPlace, Schaeffer's, MarketClub Analysis, The Street, StocksEarning, MarketBeat, StockEarnings, QualityStocks, Daily Trade Alert, Kiplinger Today, Trades Of The Day, The Online Investor, Early Bird, INO Market Report, Zacks, StreetInsider, StockMarketWatch, FreeRealTime, BUYINS.NET, Cabot Wealth, GreenCarStocks, TipRanks, Money Wealth Matters, Wealth Insider Alert, CNBC Breaking News, The Wealth Report, Earnings360, AllPennyStocks, InvestorsUnderground, Louis Navellier, Investopedia, TradersPro, Daily Wealth, wyatt research newsletter, BillionDollarClub, InvestorsObserver Team, Energy and Capital, CRWEWallStreet, DividendStocks, Green Energy Stocks, InvestorIntel, Wealth Daily, Investors Underground, Jim Cramer, MarketClub, TopPennyStockMovers, Top Pros’ Top Picks, Smartmoneytrading, Stock Market Watch, Top Pros' Top Picks, The Night Owl, Tim Bohen and Investors Alley reported earlier on NIO Inc. (NIO), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

The electric vehicle (EV) market is facing an upward trajectory after a rough patch, suggesting renewed confidence and optimism, which is particularly beneficial for investors in the industry. Global sales of electric vehicles have hit 14 million, raising the total number of these vehicles on the road to 40 million.

One of the companies reaping rewards is Rivian. The company has witnessed a recent surge fueled by a massive $5 billion investment from Volkswagen. Following this example, NIO stock price jumped by 8.07% in the week that has just ended.

The recent surge in stock price has helped NIO Inc. (NYSE: NIO) reduce its price decline to 46.14%, a significant improvement from the steep decline experienced earlier this year. Nevertheless, some indicators have given a quite different perspective on this matter for NIO stock. It has shown a persistent downward trend over the medium- to long-term, indicating waning investor interest.

The Chinese luxury electric vehicle maker stock is in a support range of $4.29–$4.33 and a resistance zone of $4.65–$4.73. These trends are the result of many trend lines, and key moving averages within various time horizons provide the limits. A breakout from either of these could signal the start of significant future recurrent moves.

The relative strength index (RSI) for NIO stock has been advancing upward, rising from 30 to 48.07, indicating the stock is moving out of oversold territory and suggesting a potential price increase. Furthermore, NIO forms a symmetrical triangle pattern on the daily chart, often preceding significant price movements.

Despite these positive changes, the company’s stock price is still below the 20, 100 and 200 simple moving averages (SMA), which is considered bearish. The good thing, however, is that the stock is now trading above its 5 and 10 SMAs, indicating an upward momentum that may be possible soon.

As this industry continues to gain momentum, NIO is poised to capitalize on this growth and deliver substantial returns for investors. Even though the technical indicators are still mixed, the company’s recent upward trajectory and Rivian’s success have sparked hope for investors that NIO is poised for a major climb.

The global EV market is expected to grow, with key manufacturers expected to sell more than 20 million vehicles by 2030. This would lead to EV makers making up to 58% of car sales, supporting the current forecasts.

NIO Inc. (NIO), closed Friday's trading session at $4.62, off by 5.1335%, on 61,604,007 volume. The average volume for the last 3 months is 515,363 and the stock's 52-week low/high is $3.61/$16.18.

Stronghold Digital Mining Inc. (SDIG)

QualityStocks, RedChip, MarketBeat, Investor News, InvestorPlace, Real Pennies, SmallCapVoice, StockEarnings, Zacks, CryptoCurrencyWire, OTC Markets Group, StockPicksNYC, StocksEarning, The Online Investor, InsiderTrades, Early Bird and Prism MarketView reported earlier on Stronghold Digital Mining Inc. (SDIG), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

The FBI recently released a warning about a new tactic that scammers are using to further deceive victims of crypto fraud. According to the agency, these fraudsters are pretending to be lawyers from nonexistent law companies. They contact victims through messaging apps and social media, offering services to help recover their lost funds, with the real aim of swindling more funds or personal information from them.

According to the FBI’s warning, the con artists frequently assert that they are approved by the Consumer Financial Protection Bureau (CFPB), the FBI or other governmental organizations. Victims find these fake lawyers through fraudulent websites designed to look authentic and seek help to recover their lost cryptocurrency.

According to the agency’s Internet Crime Complaint Center (IC3), victims of crypto scams who were taken advantage of by these phony law companies reported losses exceeding $9.9 million between February last year and February this year.

The fraudulent attorneys may request identity verification from their targets by requesting personal or financial details or by requesting an estimate of the money they intend to win from the initial fraud. Oftentimes, they demand upfront fees, with the remainder payable once funds are recovered. Victims might also be told to pay back taxes and other fees to retrieve their funds. Further, to make their schemes seem more credible, the scammers often reference real money exchanges and financial institutions.

The FBI’s advisory provides investors with various tips to assist them in guarding against this kind of crypto scam. First, when it comes to marketing for crypto-recovery services, the agency suggests being cautious. It advises doing extensive research on any business providing these services and avoiding those that use ambiguous terminology, have a poor internet presence or make implausible claims about recovering lost money.

The FBI made it clear that victims are not charged by law enforcement for their investigation of crimes. Additionally, the agency issued a warning that investors should avoid paying money or divulging any financial or personally identifiable information to an unknown person who contacts them claiming to be able to retrieve stolen crypto.

The FBI’s alerts underscore the necessity of exercising caution and diligence when responding to unsolicited offers of help, particularly in the specific domain of cryptocurrency investing. People can better protect themselves from falling for these sophisticated frauds by being informed and following the FBI’s advice.

Industry players such as Stronghold Digital Mining Inc. (NASDAQ: SDIG) can also work proactively with the authorities to strengthen existing security measures so that crypto losses arising from cyber hacks can be prevented.

Stronghold Digital Mining Inc. (SDIG), closed Friday's trading session at $3.95, off by 5.5024%, on 537,835 volume. The average volume for the last 3 months is 4.631M and the stock's 52-week low/high is $1.65/$11.56.

SNDL Inc. (SNDL)

StockEarnings, Schaeffer's, InvestorPlace, QualityStocks, StocksEarning, MarketBeat, Trades Of The Day, Daily Trade Alert, BUYINS.NET, Kiplinger Today, The Street, StreetInsider, The Online Investor, FreeRealTime, Early Bird, CannabisNewsWire, CNBC Breaking News, Investopedia, MarketClub Analysis, Prism MarketView, StockMarketWatch and MarketClub reported earlier on SNDL Inc. (SNDL), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Secretary of Transportation Pete Buttigieg recently announced that cannabis’ reclassification wouldn’t impact drug testing policies for truckers. While speaking at a congressional hearing this past week, he explained that this was primarily because the U.S. Transportation Department listed cannabis as a substance to screen for.

Buttigieg had been responding to a question tabled during a hearing of the House Committee on Transportation and Infrastructure asked by Representative Rick Crawford. Crawford had brought up concerns about the extensive public safety and health consequences of cannabis rescheduling on the country’s highway system and those who used it, such as members of the American Trucking Associations.

This discussion comes after the American Truckers Associations penned a letter to Buttigieg focused on raising alarms about the rescheduling of cannabis. In its letter, the association noted that such a major shift in policy would have considerable negative consequences for highway safety, endangering all who used the road.

Crawford explained how the reclassification and deregulation of cannabis would increase the number of individuals driving while impaired, then requested the official comment on what the department as a whole was doing to make sure safety-reliant positions and transportation workers would continue to be tested for cannabis use.

In addition, he asked that the department disclose how it planned to address safety in transportation in light of the decision made by the U.S. Department of Justice.

Buttgieg addressed these issues, explaining that the department didn’t expect any testing requirement on drugs to be changed based on the rescheduling decision. He added that the department viewed impaired driving, be it while under the influence of cannabis or alcohol, as a major safety concern.

At the moment, it isn’t clear if other federal employees will need to test for cannabis use if reclassification is approved. Going by current regulations, federal employees are subject to agency-specific and blanket workforce policies.

Additionally, the use of drugs classified under Schedule 1 and 2 of the Controlled Substances Act by federal employees is forbidden under a 1986 executive order issued by former President Ronald Reagan. The decades-old order, which created the Federal Drug-Free Workplace program, still governs many individual agencies.

Some attorneys believe that because this order defined illicit substances as those classified under the aforementioned schedules, cannabis being moved to Schedule 3 would lift restrictions that apply to all federal employees.

During the hearing, Buttigieg also responded to queries tabled by Representative Michael Bost, who asked about the impact of cannabis reclassification on drug testing for subway operators, school bus drivers, truckers and other federal transportation workers.

Cannabis companies such as SNDL Inc. (NASDAQ: SNDL) will continue to watch how the regulatory landscape evolves after the rescheduling is completed, so that they see how those changes could impact their medium- to long-term strategic direction in the markets in which they operate.

SNDL Inc. (SNDL), closed Friday's trading session at $1.94, off by 1.0204%, on 1,487,095 volume. The average volume for the last 3 months is 897,144 and the stock's 52-week low/high is $1.30/$2.93.

The QualityStocks Company Corner

Clene Inc. (NASDAQ: CLNN)

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

Clene revealed new preliminary data on CNM-Au8 for Rett Syndrome treatment at the International Rett Syndrome Foundation 2024 Annual Meeting in Westminster, Colorado

The only current FDA-approved drug for Rett Syndrome is trofinetide, approved in 2023

CNM-Au8 treatment showed improvements in mitochondrial respiration deficits in Rett patient-derived astrocytes

Clene (NASDAQ: CLNN), along with its subsidiary Clene Nanomedicine Inc., a biopharmaceutical company specializing in mitochondrial health to address neurological diseases like amyotrophic lateral sclerosis ("ALS") and multiple sclerosis ("MS"), recently revealed new preliminary data on CNM-Au8 for Rett Syndrome treatment. The data was presented by Dr. Karen Ho, Clene's Vice President of Translational Medicine, at the International Rett Syndrome Foundation 2024 Annual Meeting in Westminster, Colorado. The presentation, titled "CNM-Au8, a Candidate First-in-Class Nanotherapeutic for Treatment of Rett Syndrome," highlighted CNM-Au8's potential (https://ibn.fm/NAtz7).

Clene Inc. (NASDAQ: CLNN) is a late clinical-stage biopharmaceutical company focused on improving mitochondrial health and protecting neuronal function to treat neurodegenerative diseases, including amyotrophic lateral sclerosis (ALS), Parkinson’s disease, and multiple sclerosis (MS).

Its lead drug candidate is CNM-Au8®, an oral suspension developed to restore neuronal health and function by increasing energy production and utilization by driving critical cellular energy producing reactions that enable neuroprotection and remyelination to increase neuronal and glial resilience to disease-relevant stressors. CNM-Au8 is being studied in various clinical trials, including the Harvard/MGH Healey ALS Platform clinical trial for patients with ALS; RESCUE-ALS, a completed proof-of-concept clinical trial in patients with early symptomatic ALS; the REPAIR trials, completed target engagement clinical trials showing brain energy metabolite change with CNM-Au8; and a completed MS clinical trial for the treatment of visual pathway deficits in chronic optic neuropathy for remyelination in stable relapsing MS. The company also has a nanotherapeutic platform of drug discovery.

CNM-Au8

CNM-Au8, Clene’s lead asset, is a highly concentrated aqueous suspension of catalytically active, clean-surfaced, faceted gold nanocrystals. Multiple pathogenic insults contribute to neuronal death. Mitochondrial dysfunction and NAD+ decline is a common final pathway in neurodegeneration, with NAD+ as a critical determinant of cell survival and function. CNM-Au8’s catalytic mechanisms target the energetic deficits, oxidative stress and accumulation of misfolded proteins that are common to many neurodegenerative diseases.

The unique catalytic mechanism of action of CNM-Au8 is hypothesized to act as a neuroprotective and remyelinating therapy in neurodegenerative disease states in order to: (1) drive, support and maintain beneficial metabolic and energetic cellular reactions within diseased, stressed and/or damaged cells, (2) directly catalyze the reduction of harmful, reactive oxygen species (“ROS”) and (3) promote protein homeostasis via activation of the heat shock factor-1 pathway, recognized to dampen the cytotoxicity caused by misfolded and denatured proteins, which are known to occur ubiquitously in neurodegenerative diseases.

CNM-Au8 is used in combination with other agents, has no known drug-drug interactions, and is designed to improve function and survival. The clinical effects of both function and survival were seen in its clinical ALS trials, as earlier announced.

More than 500 estimated years of collective exposure across ALS, MS, and Parkinson’s disease participants in CNM-Au8 clinical trials and Expanded Access Protocol (compassionate use) programs have been recorded without any observed safety signals.

CNM-Au8 is a federally registered trademark of Clene Inc. Clene, based in Salt Lake City, Utah, with R&D and manufacturing operations in Maryland, began in 2013.

Market Opportunity

ALS is the most prevalent adult-onset progressive motor neuron disease, affecting approximately 30,000 people in the U.S. and an estimated 500,000 people worldwide, with a life expectancy of typically three to five years. Clene estimates that global ALS treatment sales will be greater than $1 billion annually within the coming few years. Additional treatments affecting daily function and survival remain the market need.

Additionally, there are more than 2 million MS patients globally, and Clene estimates the market size to be worth more than $23 billion annually. While the MS community has been successful at limiting relapses, non-relapsing MS patients continue to clinically deteriorate even while receiving effective immunomodulatory disease-modifying therapies (“DMTs”). A critical unmet medical need remains for therapeutic interventions that protect neuronal function and myelin health independent of immunomodulation to address progression independent of relapse activity.

Management Team

Robert Etherington is President, Director and CEO of Clene. He has more than 30 years of sales, marketing and leadership experience in the pharmaceutical industry. Prior to joining Clene, he worked at Actelion Pharmaceuticals, the largest biopharma company in the European Union prior to its acquisition by Johnson & Johnson in 2017, where he led that company’s U.S. commercial operations. He began his pharmaceutical sales and marketing career at Parke-Davis, a division of Pfizer, where he rose to the position of Team Leader overseeing the drug Lipitor.

Mark Mortenson is Chief Science Officer at Clene. He is co-inventor of the technology platform developed to produce the company’s therapeutics. He is the inventor or co-inventor on 32 other U.S. patents and hundreds of corresponding international patents. He is a former chief patent counsel responsible for 5,500 U.S. and international patents and patent applications. He holds bachelor’s degrees in physics and ceramic engineering from Alfred University, a master’s degree in materials science from Penn State University and a J.D. from George Washington University.

Benjamin Greenberg, M.D., MHS, FAAN, is Head of Medical at Clene. He is an internationally recognized expert in disorders of the central nervous system. He is currently professor of neurology and Vice Chair of Clinical and Translational Research in the department of Neurology at University of Texas Southwestern Medical Center in Dallas. He holds a bachelor’s degree from Johns Hopkins, a master’s degree in molecular microbiology and immunology from the Johns Hopkins School of Public Health and graduated from Baylor College of Medicine. He served residency in neurology at The Johns Hopkins Hospital.

Morgan R. Brown is CFO at Clene. He has more than 30 years of finance and accounting experience, with 23 years at biotech, pharmaceutical and medical device companies. He has served in similar roles at Lipocine Inc., Innovus Pharmaceuticals, World Heart Corp., Lifetree Clinical Research and NPS Pharmaceuticals Inc. He previously worked at accounting firm KPMG. He is a CPA with a bachelor’s degree in accounting from Utah State University and an M.S. in business administration from the University of Utah.

Clene Inc. (NASDAQ: CLNN), closed Friday's trading session at $0.3487, up 6.5058%, on 183,441 volume. The average volume for the last 3 months is 83,205 and the stock's 52-week low/high is $0.25/$0.88.

Recent News

First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF)

The QualityStocks Daily Newsletter would like to spotlight First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) .

Denmark is about to become the first nation globally to impose a carbon dioxide tax on emissions in the agricultural sector, mainly centered on livestock. This comes after numerous negotiations among different stakeholders, the main objective being to considerably decrease greenhouse-gas emissions. The government came to an agreement with industry, farmers, labor unions and environmental groups on policies associated with agriculture. The tax to be imposed aligns with the nation's objective of reducing greenhouse-gas emissions by 70%. In general, the policy is expected to decrease CO2 emissions by 1.8 million tons in 2030. Maria Reumert Gjerding, president of the Danish Society for Nature Conservation, noted that this was a historic move that established a new direction on how land was used. This move by the Danish government also positions the European nation as a leader in international agricultural policy. The decision by the Danish government to levy taxes on CO2 emissions from the agriculture sector shows how seriously authorities are beginning to take efforts to curb climate change. Environmental, social and governance (ESG) is no longer just academic talk, and entities such as First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) that take ESG seriously could stand to edge out competitors that aren't adopting ESG as quickly.

First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) is committed to exploring for and providing essential and critical metals, including tellurium, gold, silver, copper and tungsten, for North American markets. This objective is anchored by the company’s Deer Horn tellurium-gold-silver-copper project in British Columbia, Canada, and further enhanced by its property option on the Klondike tellurium-gold prospect located in Colorado, USA.

First Tellurium’s unique business model is to generate revenue and value through mineral discovery, project development, project generation and cooperative access to untapped mineral regions in indigenous territory with sustainable exploration potential.

The company is headquartered in Vancouver, British Columbia.

Tellurium and the Green Energy Revolution

Tellurium has a key role to play in the ongoing green energy revolution. It is widely used in the manufacturing of photovoltaic cells for solar panels.

Despite this utility, ongoing trade tensions between China and the U.S. create implications for both tellurium and the production of cadmium-tellurium solar cells. Earlier this year, China announced plans to restrict exports of critical metals gallium and germanium, both essential for the production of semiconductors. For reference, China produces around 80% of the world’s gallium and approximately 60% of the world’s germanium.

China’s recent trade restrictions amplify the fragility of the North American tellurium supply, as the Asian nation currently produces about 60% of the world’s tellurium. This sustained supply vulnerability is why First Solar, the United States’ largest solar panel producer, set up a worldwide search for tellurium deposits in the mid-2000s.

“In North America alone, our understanding is that First Solar looked at over a hundred tellurium properties,” First Tellurium CEO Tyrone Docherty stated in a news release. “Their number one property by far, which they acquired, was the Colorado Klondike which we now control.”

The U.S. is now looking to secure safe, domestic sources of tellurium and many other critical metals to pre-empt potential shortages. The Biden administration has instituted a stream of policies, particularly the U.S. Inflation Reduction Act, to source solar components from North America and other “friendly” jurisdictions.

As the only junior mining company in the world focused on tellurium exploration, First Tellurium is ahead of the curve in capitalizing on these initiatives to establish strategic, domestic supplies of key resources for solar panel manufacturers.

First Tellurium’s ESG Initiatives

Through its exploration and partnerships with Fenix Advanced Materials, Cheona Metals and IRMA, First Tellurium strives to generate a measurable, beneficial social or environmental impact alongside a financial return. The company conducts a diversified search for metals, working in alliance with indigenous peoples, NGOs, governments and leading metals buyers. First Tellurium believes this is the future of mineral exploration — generating revenue by exploring responsibly and leveraging diverse partnerships.

First Tellurium proudly adheres to, and supports, the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and, in particular, the fundamental proposition of free, prior and informed consent.

 

Projects

Deer Horn Tellurium-Gold-Silver-Copper Project

Deer Horn is located on 51.33 square kilometers (km) in west-central British Columbia, 36 km south of the prolific Huckleberry copper-molybdenum mine and 135 km southwest of the community of Burns Lake. It is one of few significant tellurium discoveries outside Asia and includes a 2.4 km-long vein system of high-grade gold, silver and tellurium, as well as broader zones of bulk-tonnage gold, silver and tellurium mineralization. The company completed a positive Preliminary Economic Estimate and has begun permitting for a 10,000-tonne bulk sample program to advance the project toward mine feasibility. It is North America’s only silver-gold-tellurium property with an NI 43-101 compliant tellurium resource, and it hosts a number of other mineralized targets and zone containing critical metals such as copper, tungsten and zinc.

First Tellurium owns 50% of the property, with an option to acquire up to a 75% interest. The company has engaged Dias Geophysical of Saskatoon, Saskatchewan, to conduct induced polarization (IP) geophysics on the Deer Horn Project in summer 2023. The program is designed to help develop drill targets for a subsequent drilling program.

Klondike Gold-Tellurium Project

The Klondike property is located in Saguache County, Colorado, southwest of Buena Vista in the state’s historical mining district. The company reports it has engaged Burgex Mining Consultants of Sandy, Utah, to stake additional claims around the Klondike property. The claims have been filed with the Bureau of Land Management.

Klondike demonstrates exceptional tellurium grades. Tellurium, used in high-efficiency cadmium telluride (Cd-Te) solar panels, next-generation lithium-ion batteries and thermoelectric devices to change heat into energy, is an essential element for the world’s transition to green energy.

The Klondike property was a top tellurium prospect owned previously by First Solar Inc., one of the world’s largest solar panel producers. First Solar terminated its worldwide raw materials exploration program in 2012 and sold the property to Colorado Klondike LLC, which optioned the project to First Tellurium. Colorado Klondike, led by First Solar’s former Exploration Manager in North America, is managing the upcoming exploration program.

The Colorado Geological Survey (CGS), in partnership with the Colorado School of Mines, reported on First Solar’s exploration at Klondike in 2015, noting: “Surface sampling by First Solar, Inc. in 2006 found very high tellurium grades of up to 3.3% (33,000 ppm), along with locally high gold grades. Tellurium grades at Klondike were the highest encountered in the company’s nationwide exploration program.”

Market Outlook

First Tellurium in spring 2023 referenced recent forecasts by the International Energy Agency (IEA) pointing to rapid growth in solar photovoltaic (solar PV) deployment worldwide. According to the agency, solar PV installations will generate more power by 2027 than any other energy source, including coal, natural gas and hydro. To meet this demand, consumption of both silver and tellurium, key components of solar panels, is expected to surge in coming years.

Chen Lin, founder of Lin Asset Management, has written in his investment newsletter for clients that solar PV is now the largest industrial usage of silver. He said that in 2022 solar PV production used about 12% of total silver demand, or about 120 million ounces of silver. Lin expects this number to rise dramatically in the coming years, and that is likely to lead to silver supply deficits for decades to come.

Lin points out that solar power is now the cheapest source of energy in many parts of the world and that all forecasts point to dramatic expansion of solar PV in the coming two decades. Conservative estimates forecast 300 gigawatts of solar PV production by 2027, up from the current level of about 200 gigawatts.

Management Team

Tyrone Docherty is President, Director and CEO of First Tellurium Corp. He previously served as President and CEO of Quinto Mining Inc., taking over when it had a market cap of $4 million. With limited resources in a difficult market environment, he raised more than $30 million and advanced Quinto’s Quebec iron ore property to a viable project. Quinto later sold for $175 million, with Quinto management taking shares of the purchaser, Consolidated Thompson Iron Mines, amounting to approximately 20-21% of that company. Consolidated Thompson Iron Mines sold two years later for $4.9 billion, giving the former Quinto team an enterprise value of approximately $1 billion. From 2012 to 2018, Mr. Docherty was Director and Chairman of Mason Graphite Inc. He has worked in the financial and minerals markets for more than 30 years.

Tony Fogarassy, M.Sc. LL.M., is Chairman of First Tellurium Corp. He is a lawyer and a geologist. His extensive legal and technical expertise includes minerals, oil and gas, coal and renewable energy projects and environmental and aboriginal/indigenous law in North America, Africa and Asia. He graduated as gold medalist in geological sciences from the University of British Columbia and in law from the London School of Economics.

First Tellurium Corp. (OTCQB: FSTTF), closed Friday's trading session at $0.083, up 13.8546%, on 19,700 volume. The average volume for the last 3 months is and the stock's 52-week low/high is $0.88/$.

Recent News

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF)

The QualityStocks Daily Newsletter would like to spotlight Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF).

A recently released report has provided crucial insights into the graphite industry, focusing on its applications, future projections and current market trends across various industries. Graphite is a mineral needed for the green transition, with current demand growing in markets such as renewable energy storage and electric vehicles. The mineral has different properties, including the fact that it is a good conductor of electricity and heat. Graphite also maintains strength and firmness up to temperatures of over 3600C. In addition, it is corrosion resistant. Graphite is used in various industries, including powder metallurgy, steelmaking, automotive, flame retardants, solar and wind energy, lubricants, refractory manufacturing and fuel cells. Currently, the key markets for graphite classified by demand include North America, the Asia Pacific, China, Brazil and Europe. The report also profiles more than a hundred key players in this growing industry, including both synthetic and natural producers of graphite. The companies profiled include Gratomic, Black Rock Mining, Graftech International, Leading Edge Materials, Graphite India, Nippon Carbon, SEC Carbon, Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF), Tokai Carbon and Renascor Resources, among many others. Further, the report analyzed emerging trends in the graphite market, including the increasing interest in graphene-based applications and the growing demand for high-purity graphite in advanced tech.

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) is a strategic minerals company focused on locating and developing economic properties in the strategic metals and advanced materials space. The company aims to improve domestic specialty mineral infrastructure efficiencies to meet surging national demand from North American manufacturers, effectively positioning itself as one of the only North American suppliers of high purity natural graphite for hi-tech applications.

Reflex Advanced Materials is based in Vancouver, British Columbia. Its project portfolio includes the Ruby Graphite Deposit in Montana and the ZigZag Lithium Property in Ontario.

Projects

Ruby Graphite Project

Located in a mining-friendly jurisdiction in southwest Montana, the Ruby Graphite Deposit is a low cost, rapid re-entry opportunity that produced roughly 2,400 tons of graphite from 1902 to 1948. Reflex Advanced Materials holds mining rights for 755 hectares at the Ruby Graphite Project, with 96 federal lode mining claims. Recent samples assay at 95.8% to 98.4% total carbon.

The site is notable as the only combined U.S. graphite flake and vein graphite source. Vein graphite is ideal for energy storage applications, because it requires fewer steps to achieve purity than synthetic alternatives and is therefore far less environmentally damaging. This is expected to play a key role in the project’s development as demand for electric vehicles continues to surge.

In March 2023, the company announced its submittal of permit applications to the Bureau of Land Management in respect of its exploration of the Ruby Graphite Project. Its initial drill program, expected to take place in the summer of 2023, includes plans for 3,500 total meters of drilling, cored to an average depth of 130 meters. The targets for this drill program have been identified using historical data from original mine operations and data gathered for the initial 43-101 technical report on the project, dated January 31, 2023.

ZigZag Lithium Property

Located in the Thunder Bay Mining Division of Ontario, the ZigZag Lithium Property consists of eight mining claims spanning roughly 2,710 hectares. Mineralization at the property, most notably lithium, is based in pegmatite dikes and concentrated in spodumene crystals, which are consistent throughout the entire unit.

Spodumene is readily observable in outcrops and in drill cores, with crystal sizes ranging from 3-15cm, on average.

Reflex Advanced Materials and American Energy Technologies Company Metallurgical Partnership

Reflex Advanced Materials has entered into a material processing agreement with American Energy Technologies Co., which is based in Arlington Heights, Illinois, to conduct metallurgical testwork with the goal of creating a technical support data package for Reflex’s target customer base, U.S. Federal agencies and qualification programs with hi-tech customers in the battery and battery storage business.

The resulting coated, spherionized, purified graphite (CSPG) material that is expected to be created from the aforementioned tests will be used to provide potential customers of CSPG with samples so that they can begin the material qualification process.

Market Opportunity

Graphite is an ideal battery anode and has dominated the market since the proliferation of lithium-ion batteries. Despite this demand, there is currently no significant production of lithium-ion battery anode material in North America.

Instead, most graphite sold in North America today is sourced from Chinese producers. U.S. President Joe Biden highlighted this sourcing disparity in a 2022 address:

“The United Stated depends on unreliable foreign sources for many of the strategic and critical materials necessary for the clean energy transition – such as lithium, nickel, cobalt, graphite and manganese for large-capacity batteries,” he said. “Demand for such materials is projected to increase exponentially as the world transitions to a clean energy economy.”

The U.S. Department of Energy is in the process of awarding $2.8 billion to expand domestic manufacturing of batteries for electric vehicles and combat this foreign dependency. Reflex Advanced Materials has identified its Ruby Graphite Project as a prime candidate for U.S.-sponsored initiatives due to the rarity and scarcity of natural graphite deposits in the country.

Processing graphite domestically in the U.S. is expected to provide Reflex Advanced Materials a competitive advantage as manufacturers begin to seek out American supply in the face of increased diplomatic tension. This is critical, as a rise in anode demand is expected to fuel a shortage of 8 million tonnes of graphite by 2040. World Bank Group projects 494% growth in total graphite demand by 2050.

Leadership Team

Paul Gorman is the CEO and a Director of Reflex Advanced Materials. He brings to the company over 25 years of experience in junior mining finance, public listings, viability assessment and operational rationalization. For 18 years, Mr. Gorman served as president and managing partner of Riverbank Capital, where he played an instrumental role in raising more than $85 million for small-cap companies. In 2008, he funded Industrial Minerals Inc. (later Northern Graphite) and served in an advisory role for four other graphite companies, contributing significantly to the revitalization of the junior graphite space in North America. Mr. Gorman founded Mega Graphite Inc. in 2009 and has served as chief executive for three other companies.

Tasheel Jeerh, CPA, is the company’s CFO. He is a finance and accounting professional with over a decade of experience spanning both public and private sectors. Prior to joining Reflex Advanced Materials, Mr. Jeerh played a pivotal role in the growth of a private upstream oil and gas firm, dealing with over $2 billion in M&A activity and $1 billion in financing activities. He gained his designation at PricewaterhouseCoopers, where he worked as a manager in the assurance practice.

Greg Bell is Project Manager for Reflex Advanced Materials. He is a multi-disciplined engineering management professional with more than 40 years of experience in the natural resources sector. Mr. Bell has successfully built and managed several start-up operations in various capacities. He has been active in graphite and lithium exploration for the past seven years.

Christopher W. Hill leads the company’s Corporate Development initiatives. He is an investor and entrepreneur with over a decade of experience in the capital markets. Mr. Hill began his career as an investment advisor and then began to consult and advise private companies on their paths to becoming publicly traded. He specializes in corporate development and strategic financing utilizing his large network in the capital markets.

Reflex Advanced Materials Corp. (RFLXF), closed Friday's trading session at $0.053, up 46.8144%, on 7,900 volume. The average volume for the last 3 months is and the stock's 52-week low/high is $0.0306/$0.35.

Recent News

Nightfood Holdings Inc. (OTCQB: NGTF)

The QualityStocks Daily Newsletter would like to spotlight Nightfood Holdings Inc. (OTCQB: NGTF).

Restaurants services are facing growing pressure for efficiency, which can be accomplished by the integration of robotics into daily performance

Nightfood Holdings has acquired Future Hospitality Ventures Holdings, an emerging leader in Robots-as-a-Service for restaurants, subsequently appointing Sonny Wang as CEO of NGTF to lead expansion and growth

Nightfood Holdings (OTCQB: NGTF), a previously under-the-radar holding company focused on acquisitions in the hospitality, food service, and CPG sectors, has announced a two-pronged strategic move. This initiative targets both the operational efficiency of the hospitality sector and the growing consumer demand for sleep-focused wellness products. While seemingly disparate on the surface, a closer examination reveals a potentially synergistic approach with the potential to unlock significant shareholder value.

Nightfood Holdings Inc. (OTCQB: NGTF) is a visionary holding company focused on identifying and capitalizing on explosive market trends within hospitality, food services and consumer packaged goods. By leading newly emerging categories and seizing opportunities in markets undergoing transformational upheaval, the company’s mission is to create unparalleled upside potential in industries ripe for innovation and growth.

Subsidiaries

Nightfood Inc.

The company’s flagship subsidiary, Nightfood Inc., is changing the way the world snacks at night. Humans are biologically hard-wired to crave sweets and fats at night – a survival mechanism from our hunter-gatherer days. Modern consumers know bingeing excess calories before the long nightly fast is no longer necessary for survival, but exploding screen time and decreased willpower at night results in over 90% of American adults snacking between dinner and bed every week, contributing to an estimated one billion nighttime snack occasions weekly (according to SleepFoundation.org).

The most popular choices – ice cream, cookies, chips and candy – are not only unhealthy but also impair sleep quality due to their nutritional profiles. Nightfood snacks are uniquely formulated by sleep and nutrition experts to satisfy nighttime cravings AND support better sleep.

Market Opportunity

Euromonitor International projects the American snack market will grow from $150 billion in 2022 to $170 billion in 2027. Snacking between dinner and bed is estimated to account for over $60 billion annually, creating an opportunity for a multi-billion-dollar sub-category to emerge in the coming years: sleep-friendly snacking.

Nightfood is the brand pioneering that category.

Nightfood’s innovation has led to partnership overtures from global giants, including the largest food and beverage company in the world, Nestlé, with whom Nightfood completed a “test-and-learn” joint initiative in 2023.

Management believes that successfully scaling Nightfood’s 2024 direct-to-consumer launch of sleep-friendly cookies will bring the category to life, opening the door for partnerships with and potential acquisition by global snack giants seeking to lead this potential billion-dollar emerging sub-category.

Future Hospitality Ventures Holdings Inc. (d/b/a roboOp365)

Future Hospitality Ventures Holdings, operating under the brand roboOp365, is revolutionizing the hospitality industry with cutting-edge automation and robotic solutions.

roboOp365 enhances operational efficiency and guest experiences through innovative technologies, including automated culinary bot, server robots and AI-enhanced applications. roboOp365 helps hospitality providers reduce costs, streamline operations and deliver superior service by integrating these advancements.

Market Opportunity

The robots-as-a-service (RaaS) business model has gained significant traction, super-charged by the COVID-19 pandemic, which instantly catalyzed game-changing growth and application. According to Verified Market Research, the service robotics market is projected to reach $173.17 billion by 2030, growing at a compound annual growth rate (CAGR) of 21.25%. Compared to Asia, the United States market is in the early stages of adopting these technologies, but acceptance is accelerating aggressively.

Several factors are driving this trend. Key industries such as hotels and restaurants are still struggling to rebound from the pandemic’s impact, hoping to return to pre-pandemic levels, if possible. Such recovery will largely be dependent upon service robots. In California specifically, factors such as rising labor costs, more rigorous labor laws and ongoing high turnover rates in labor-intensive sectors make it impossible for businesses to survive, thrive and compete without robotics.

Innovation Across Sectors

Nightfood Holdings Inc. is dedicated to driving innovation across its focus sectors of food services, automation and hospitality applications. In food services, the company leverages automation technology to drive operational efficiency for operators while meeting evolving consumer needs. In the hospitality industry, it’s deploying solutions that redefine guest experiences. Nightfood’s consumer-packaged goods initiatives are key to breakthrough trends in health and wellness.

Synergizing Food and Technology

The synergy of food and technology within Nightfood Holdings Inc. creates a holistic approach to innovation and automation. By integrating these areas, the company offers comprehensive solutions that address multiple facets of market needs. Its automation and artificial intelligence solutions in food service and hospitality create a seamless and enhanced consumer experience.

Through this integrated approach, Nightfood Holdings Inc. not only meets current market demands but also anticipates and influences future trends, positioning itself as a leader in innovation across these interconnected sectors. Synergies in these related and explosive categories result in operational efficiency and benefits for the company’s customers and partners and outsized upside and opportunity for its investors.

Management Team

Sean Folkson is the Chairman and President of Nightfood. He founded Nightfood when he couldn’t find a solution to his nighttime snacking problem. Recognizing the growing body of research linking nutritional intake with sleep quality, he launched the first snack brand specifically formulated to give consumers better, healthier and more sleep-friendly snacks for that peak-cravings slot between dinner and bed. He is a serial entrepreneur and problem-solver, having previously founded Specialty Equipment Direct, an online distributor of floor removal equipment, and AffiliatePros.com, a pioneering company in online affiliate marketing.

Lei Sonny Wang is the CEO of Nightfood Holdings. He is a strategist and business driver for early-stage and growth-stage companies. He is the founder and former CEO of Future Hospitality Ventures Holdings Inc., which was acquired by Nightfood Holdings Inc. At Future Hospitality, he leveraged his significant international business development experience into distribution relationships with leading global robotics manufacturers. At Nightfood, he is working to grow revenue and improve performance and profitability across all subsidiaries.

Nightfood Holdings Inc. (OTCQB: NGTF), closed Friday's trading session at $0.015, up 1.7639%, on 214,356 volume. The average volume for the last 3 months is and the stock's 52-week low/high is $0.0075/$0.0425.

Recent News

Astiva Health

The QualityStocks Daily Newsletter would like to spotlight Astiva Health

Medicare Advantage and Traditional Medicare both have their own advantages and disadvantages. Individuals, particularly those aged 65 years of age and older or those retiring, should consider the differences in these insurance plans before deciding on a cover.

So, what are the basic differences in the two plans? Medicare Advantage plans are managed by private insurance companies that receive payments from the federal government to offer benefits to individuals in their programs. On the other hand, traditional Medicare is a national program that offers benefits under Medicare. Another issue to consider is previous authorizations under Medicare Advantage. These requests increase time taken from hospitals and doctors' offices by and negatively influence the care patients get as well. While these authorizations help keep healthcare costs in check and prevent patients from undergoing unnecessary procedures and testing, they also delay medical care, which may deter individuals from obtaining the care that they should get from a doctor. From the above, one can see that both insurance plans have their own benefits and downsides. Despite this, individuals making decisions on health insurance coverage when healthy should also understand the importance of considering unexpected circumstances that may occur in the future. It would also help to contact specific Medical Advantage companies such as Astiva Health that are operating in your area so that you can make an informed decision while choosing between traditional Medicare and MA plans.

Astiva Health is a dynamic and innovative Medicare Advantage Prescription Drug (MAPD) health plan committed to reshaping the landscape of personalized and comprehensive healthcare. The company offers full medical, drugs, and supplemental benefits for Medicare enrollees, currently serving counties in California, including Orange, San Diego, Los Angeles, Riverside, and San Bernardino. This broad coverage reflects Astiva Health’s dedication to reaching a diverse demographic and addressing the healthcare needs of individuals across Southern California.

Astiva Health primarily serves a heretofore underserved Asian American and Pacific Islander population, which positions it in a critical and expanding market segment and offers substantial growth potential. The company recognizes the diverse needs within its served communities and strives to bridge healthcare gaps through proactive and culturally responsive solutions.

Astiva Health cares about its members and works to establish lifelong relationships with them by providing a tailored approach to healthcare, offering multilingual solutions for customer service, marketing materials and educational resources. Health is an essential key to living a good life, and Astiva Health makes it a priority to help members love the life they live.

The company’s mission is to deliver an unparalleled level of quality care to its members. Astiva Health’s Medicare Advantage plans provide lower costs and additional benefits beyond original Medicare coverage.

Founded in southern California, Astiva Health has strategically positioned itself in a region with a dynamic and diverse population. The organization’s extensive network and culturally responsive approach to healthcare make it well-suited to cater to the needs of the local community, creating a competitive advantage in the market.

The company is based in Orange, California.

Healthcare Model

Astiva Health is not just another health plan. The company considers the uniqueness of its members and, therefore, the means for delivering quality care to each one. To best serve its members, Astiva Health has developed one of the most diverse networks in southern California, offering a selection of medical, drugs, and supplemental benefits including dental, acupuncture, vision and hearing plans tailored to the specialized needs of individual members.

The company’s health plans provide increasing levels of benefits to members in the counties it serves. Astiva Health’s Customer Care Support and representatives are available to assist members with any issues.

The organization’s proactive approach to overcoming language barriers for the Vietnamese communities demonstrates a commitment to inclusivity and enhances accessibility – a key factor for future growth. The successful implementation of strategies for the Vietnamese community sets a precedent for Astiva Health’s ability to adapt and apply similar approaches to serve other ethnic groups in future expansions, broadening the potential impact of its services.

The company provides members access to experienced and dedicated providers and local pharmacies that work together with each member to pave a pathway toward better health. The company’s online directory provides members with a comprehensive list of providers to fit their specialized needs.

Astiva Health collaborates with a variety of partners who offer supplemental benefits to members beyond Medicare. Those benefits include transportation, vision, dental, hearing, fitness, tele-health, acupuncture and chiropractic. Astiva’s forward-thinking strategy not only fulfills a critical societal need but also ensures sustainable growth and transformative impact across diverse communities.

Market Opportunity

Medicare Advantage plans, since their establishment in 2008 as a lower-cost alternative for Medicare enrollees looking to save on monthly premiums, have been one of the fastest growing segments of the health insurance market.

According to a report by healthcare consultant Charts, nearly 31 million beneficiaries are enrolled in a Medicare Advantage plan in 2023, accounting for more than 48% of the total Medicare market. That represents 9.6% enrollment growth over 2022 totals, and the pace of growth is likely to continue, according to the Charts report.
Startup Medicare Advantage plans, a sector that includes Astiva Health, grew even faster for 2023, at a rate of 22% over 2022 totals.

Management Team

Dr. Tri T. Nguyen is co-founder and CEO of Astiva Health. He is a graduate of Stanford Medical School and is a board-certified expert in internal medicine, cardiovascular disease and interventional cardiology. As founder, CEO and owner/operator of Avanta IPA, he is a committed leader in healthcare. His visionary leadership, hands-on experience and deep industry knowledge uniquely position him to guide Astiva to success.

Chi Luong is CFO at Astiva Health. She founded and operates HADD Group LLC, a company managing medical clinic services, including business contracting, finance, staffing and ancillary support for several medical clinics in San Diego. She is responsible for the expansion and daily operation of the business functions of the medical clinics managed by HADD Group, and she has extensive knowledge and experience in healthcare business development.

Viet Tran has over 30 years of experience in engineering research, development and management. He has made numerous contributions to national network security and technology. He led the initial Naval Interoperability Profiles that set a solid foundation for future naval airborne network development. He also led a team of 50 engineers, doctorates and scientists delivering an airborne network system for the Navy’s first carrier-based unmanned aircraft. As Astiva Health’s Chief Operating and Technology Officer, member satisfaction has been his top priority. He is committed to protecting valuable data for Astiva members and providers. He constantly strives for leaner and more effective operations.

Tyler Diep is Vice President, Sales, Marketing and Provider Relations at Astiva Health. His responsibilities include handling special projects for the board of directors, as well as overseeing the sales, marketing and provider relations department. During his tenure, he tripled the membership of Astiva Health. He previously served as councilman and vice mayor of the City of Westminster, California. He immigrated to the U.S. with his parents and graduated from San Diego State with a bachelor’s degree in public administration.

Recent News

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Coyuchi Inc.

The QualityStocks Daily Newsletter would like to spotlight Coyuchi Inc.

Experts believe that companies which are maintaining excess capacity for their IT and data-center requirements are impeding efforts to run their facilities in a way that is more sustainable. Hewlett Packard Enterprise's chief technologist of sustainable transformation, John Frey, revealed that it was common for companies to switch off features that made their systems run more efficiently. He explained that while these devices were calibrated to operate at high efficiency levels with optimized power performance, clients often switched off the default setting, with some holding the opinion that it would help systems run without lag. Frey also revealed that addressing higher temperatures for tropical climates was better suited for conventional workloads. In the past, the average IT rack ran between 3–5 kilowatts. In the last 10 years, this has surpassed 20 kilowatts for computing workloads. It is expected that power requirements will increase as more racks are used to train models or artificial intelligence workloads, with projections exceeded 50 kilowatts per rack. With this in mind, ambient air alone isn't adequate to cool such environments. This, Frey noted, highlighted the need for liquid cooling. In other industries and business activities, entities such as Coyuchi Inc. could provide helpful case studies on how the specific sustainability efforts they implement are impacting their operations and delivering bottom-line benefits.

Coyuchi is the gold standard in sustainable luxury home goods. The company offers sustainably produced luxury organic bedding, sheets, towels, apparel, and other home goods for the environmentally conscious home. With a timeless, coastal-inspired aesthetic, Coyuchi uses only 100% organic cotton materials to manufacture all of its textiles.

The Company was built upon four foundational pillars: protect the planet, innovate circular design, live sustainably, and enrich the community. These guiding principles have proven an effective market strategy. In 2021, Coyuchi earned $33.3 million in net sales, amounting to 26% YoY growth (the industry average is only 5%). It also experienced 2x customer growth to 200,000 active customers, averaging a 35% customer repeat purchase rate.

With a seasoned leadership team, a robust e-commerce shopping experience, and a healthy customer base that drives the fast-growing organic luxury market, Coyuchi is prepared to propel a new phase of growth as the rest of the world finally awakens to sustainability at scale.

A Lucrative Market Ripe for the Taking

The global market for organic bedding, which was estimated at $814.3 million in 2020, is projected to reach $1.1 billion by 2027, growing at a CAGR of 4.9% over that period, according to Research and Markets. More specifically, the domestic organic bedding market is estimated at $240.1 million in 2020, according to Statista. Overall, the U.S. market for home textiles is currently valued at $25 billion annually, and, with a forecast annual growth rate of 5%, it is expected to reach $30 billion by the end of 2025.

Grand View Research reported in 2020 that shifting consumer preference toward high-end lifestyle products is a key factor driving the growth of the organic bedding market. Seventy-four percent of consumers are willing to pay more for sustainable products – a consumer preference that has steadily increased over the last few decades. Millennials especially favor ethical consumption over price when purchasing goods and services, with 83% of millennials reporting that they want the brands they purchase from to align with their beliefs and values (https://ibn.fm/PANNV). With a majority millennial customer base, Coyuchi is poised to capitalize on this trend.

Industry Defining Sustainability Practices

For 30 years, Coyuchi has explored organic farming and sustainable textiles and guarantees the highest environmental and ethical standards through a number of certifications such as The Global Organic Textile Standard (GOTS), Fair Trade Certified, and MADE SAFE®.

Coyuchi continues to push the organic textile market forward through its circularity initiatives and by supporting cross-industry sustainability advocates. Coyuchi’s mission to bring beauty and comfort to every home without sacrificing the health of our planet has resulted in a number of important sustainability checks and balances.

  • A Circular Business Model: Coyuchi has cultivated a holistic 360-degree approach that contributes to the fight against climate change with its take back and recycling program, 2nd Home™. In 2017, it became the first luxury home brand to implement such an initiative, and, since then, the company has eliminated 68,758 lbs. of toxic chemicals from homes and renewed 6,000 lbs. of textiles.
  • The Coyuchi Climate Council: In early 2022, Coyuchi introduced a cross-disciplinary council with a goal of Net Zero Emissions by 2025 and Net Positive Emissions by 2030. The Coyuchi Climate Council brings together influential minds across fashion, regenerative farming, and sustainability who have the knowledge and experience necessary to achieve climate change.
  • C4: The California Cotton & Climate Coalition: Most recently, Coyuchi announced it is a founding member of C4, which includes innovative, sustainable fashion, apparel, and personal care brands like MATE the Label, Outerknown, Reformation, and Trace. Working together pre-competitively, C4 creates a structure for investing in regionally grown, Climate Beneficial™ cotton and directly supports the livelihoods of the farmers that grew it. Coyuchi is the only home industry brand currently involved in the project.

Omnichannel Business Model

Coyuchi differentiates itself through an omnichannel and circular business model, both of which have proven a clear draw for customers. It was an early adopter of an e-commerce sales and marketing approach (over 80% of its sales are directly through coyuchi.com), creating a distinct advantage over incumbents and start-up newcomers in the luxury space. This has resulted in a high lifetime value customer, luxury retail partners such as Nordstrom, and a flagship store in Marin County.

Coyuchi’s Organic Textile Products

Coyuchi’s product assortment consists of consciously designed bedding, bath, apparel, and lifestyle products spread across about 1,400 SKUs. The company believes that its product assortment, produced from 100% organic cotton with Global Organic Textile Standard (GOTS) certification, provides it with a significant competitive advantage. GOTS is the world’s leading textile processing standard for organic fibers, ensuring the organic status of textiles after harvesting raw materials through environmentally and socially responsible manufacturing all the way to labeling, a major environmental and social benefit over conventional cotton product production.

Coyuchi’s focused product assortment consists of four core categories:

  • Bedding – A full suite of sustainable, organic, and high-quality sheets, duvet covers, blankets, and throws.
  • Bath – A luxurious line of towels, bath rugs, and mats.
  • Apparel – Premium apparel for men and women, including robes, sweaters, pants, and pajamas.
  • Lifestyle – The lifestyle category offers 135 SKUs, from organic napkins to crossbody totes.

Management Team

Eileen Mockus is President and CEO at Coyuchi. She has more than 25 years of experience in retail, having held positions in textile development at Patagonia, Pottery Barn Teen, and The North Face. She earned a bachelor’s degree in textiles and clothing from UC Davis and an MSBA from San Francisco State University.
Sejal Solanki is Chief Marketing Officer at Coyuchi. She previously served as the company’s Vice President of E-Commerce. Before joining Coyuchi, she worked at teen clothing giant Charlotte Russe. She oversees the company’s digital marketing, site experience, brand marketing, and e-commerce strategy.

Marcus Chung is Coyuchi’s COO, overseeing supply chain, sourcing strategy, sustainability, and IT. He previously held positions at notable direct-to-consumer brands Third Love and Stitch Fix, as well as national retailer The Children’s Place. He holds a bachelor’s degree from Wesleyan University and an MBA from UC Berkeley’s Haas School of Business.

Margot Lyons is Director of Sustainability and Sourcing at Coyuchi, where she works with strategic partners to ensure all the company’s product sustainability standards are met. She received a master’s degree in textiles and clothing from UC Davis.

Use of Proceeds

This round of funding will be used to increase Coyuchi’s enterprise value through expanded marketing, product category expansion, continued physical presence, and B2B strategic partnerships with wholesalers, and online marketplaces.

Recent News

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ECGI Holdings Inc. (OTC: ECGI)

The QualityStocks Daily Newsletter would like to spotlight ECGI Holdings Inc. (OTC: ECGI).

ECGI Holdings and Pacific Saddlery are gearing up to launch a new line of ready-to-wear equestrian apparel under Pacific Saddlery's celebrated Allon brand

This launch follows the June 13 announcement that ECGI had signed a binding Letter of Intent ("LOI") to acquire all outstanding shares of Pacific Saddlery

The launch is aimed at catering to the growing demand for high-quality equestrian apparel and tapping into the expected growth in the overall global equestrian market

Pacific Saddlery is expected to showcase Pacific Saddlery's Allon collection at the American Equestrian Trade Association ("AETA") International trade show in August

Earlier in June, ECGI Holdings (OTC: ECGI), a diversified holding company with a unique portfolio of viticulture, hospitality, and luxury fashion, signed a binding Letter of Intent ("LOI") to acquire all outstanding shares of Pacific Saddlery Inc., a renowned manufacturer and retailer of luxury equestrian tack, apparel, and accessories. The partnership is expected to elevate Pacific Saddlery's brand and expand its presence in the luxury equestrian marketplace (https://ibn.fm/3q0rq).

ECGI Holdings Inc. (OTC: ECGI) is a diversified holding company with a distinctive portfolio encompassing viticulture and luxury fashion. The company owns and manages a five-acre vineyard in Lake County, California, specializing in cultivating the Petite Sirah varietal, known for its bold and rich character, aligning with the growing demand for unique and high-quality wine experiences.

In the fashion sector, ECGI has strategically invested in Pacific Saddlery, a premier manufacturer and retailer of luxury equestrian tack, apparel and accessories. This unique blend of wine and fashion investments reflects ECGI Holdings’ commitment to delivering sophistication and innovation across diverse markets, positioning the company as a distinctive player in the intersection of technology, viticulture and luxury lifestyle.

Moving forward, ECGI Holdings is focused on identifying and capitalizing on growth opportunities that align with the company’s business objectives and continuing to improve its financial structure. In 2024, ECGI Holdings was approved by Evolve — a distinguished name in vacation rental management. This partnership will transform the company’s 40-acre Lake County property into a luxurious short-term rental destination aptly named Vintner’s Caldera Ranch.

ECGI Holdings is excited about the possibilities that Vintner’s Caldera Ranch creates for shareholders and looks forward to further developments poised to unlock the value of other underutilized assets. The company believes that it is laying a solid foundation for sustained success and profitability in the years to come.

ECGI Holdings is headquartered in Irvine, California.

Operational Philosophy

ECGI Holdings has embarked on an ambitious new vision and strategic direction to build and nurture luxury brands that resonate with its core values and market aspirations. Its joint venture with Pacific Saddlery epitomizes ECGI Holdings’ strategic shift toward luxury branding, leveraging Pacific Saddlery’s tangible and established market presence in equestrian products.

This transition will also allow ECGI Holdings to explore new pathways to monetize its underutilized assets, including the company’s vineyard. A key highlight of the company’s future outlook is the debut of Pacific Saddlery’s new mobile retail boutique at specific equestrian events in 2024. This innovative venture represents a significant step in ECGI Holdings’ strategy to enhance brand visibility and engage directly with the company’s target market.

In addition, the Vintner’s Caldera Ranch development marks a significant step in advancing the company’s strategy to revitalize and leverage underutilized assets. Vintner’s Caldera Ranch is set against the backdrop of Lake County’s breathtaking scenery, offering an exclusive getaway experience that blends natural beauty with luxury. Choosing Evolve is a strategic move to ensure that Vintner’s Caldera Ranch not only meets but exceeds the high standards of service that luxury guests expect.

Evolve’s expertise in maximizing rental potential and delivering exceptional guest experiences is crucial to the company’s vision of making Vintner’s Caldera Ranch a preferred choice for discerning travelers. With this venture, ECGI Holdings is not only expanding its footprint within the luxury rental marketplace, but also contributing to the local economy and enhancing the appeal of Lake County as a tourist destination.

The company’s focus remains steadfast on strategic growth, operational excellence and customer satisfaction.

Market Outlook

A report from Grand View Research, a global market research and consulting company, estimated the value of the worldwide luxury brands market at $366.23 billion in 2023 and projects the market to grow to a value of $580.43 billion by 2030, achieving a CAGR of 6.8% over the forecast period.

Rising disposable income and wealth in various regions of the world, particularly in emerging markets such as China and India, have propelled the growth of the market, according to the report.

Younger consumers, such as millennials and Generation Z, are increasingly entering the luxury market, driving demand for more contemporary and experiential luxury offerings. The rise of social media and influencer marketing has greatly impacted the visibility and desirability of luxury products, the report states.

Management Team

Jamie Steigerwald is CEO of ECGI Holdings, Inc. He is a successful entrepreneur with over 30 years of experience. Most recently, he was COO of Sugarmade Inc. (OTC: SGMD), a California cannabis real estate, cultivation, manufacturing and services company. He is the owner of SwiftLead, an Orange County web marketing, design and development company. He previously was COO for First USA Home Loans, a retail mortgage lender, and co-founder and President of SwiftLead Software, a mortgage lead tracking system.

Nick Collins is CEO at Pacific Saddlery. He brings over 25 years of expertise in equestrian luxury goods. He previously founded Rolling Meadows and created the Allon Equestrian and Renard et Cheval apparel brands. He was instrumental in creating and launching Kaval.com, an online equestrian apparel and accessories site.

ECGI Holdings Inc. (OTC: ECGI), closed Friday's trading session at $0.0031, even for the day, on 10,967 volume. The average volume for the last 3 months is and the stock's 52-week low/high is $0.0016/$0.018.

Recent News

Astrotech Corp. (NASDAQ: ASTC)

The QualityStocks Daily Newsletter would like to spotlight Astrotech Corp. (NASDAQ: ASTC).

An analysis conducted by the Congressional Research Service has determined that not all hemp cannabinoids will be prohibited under a recently proposed amendment for the upcoming Farm Bill. The legislative agency stated that the amendment, which would crack down on the distribution of unregulated hemp products, wouldn't affect nonpsychoactive natural compounds from the hemp crop, including CBD. The amendment to the farm bill, dubbed the Miller Amendment, was introduced by Representative Mary Miller of Illinois. It was approved by the House Committee on Agriculture in May 2024. Other changes to the farm bill include the elimination or reduction of background checks and testing requirements for license applicants. Steps would also be taken to eliminate the currently imposed 10-year ban that makes it impossible for individuals previously convicted of crimes associated with a controlled substance to acquire a license. Companies such as Astrotech Corp. (NASDAQ: ASTC) are likely to follow how this piece of legislation progresses on Capitol Hill since it could impact the future trajectory of the hemp industry.

Astrotech Corp. (NASDAQ: ASTC) is an instrumentation company that designs, manufactures and commercializes solutions. Its solutions include mass spectrometry, process controls, chemical detectors and medical disease detection.

The company was established in 1984 and, prior to 2009, was known as SPACEHAB Inc., a NASA contractor offering technology originally developed for NASA to monitor air quality on the International Space Station. When the Space Shuttle program ended, the company focused on its satellite processing and mass spectrometer instrumentation units and adopted the Astrotech name.

In 2014, Astrotech sold its satellite subsidiary to focus on its Astrotech Technology Inc. (ATi) mass spectrometry solutions, which offer a number of advantages over competing platforms. Notably, Astrotech’s ATi technology is ruggedized, rapid, simple to use and customizable, with hands-free calibration and tuning.

Between 2016 and 2019, the company secured U.S. patents for its technology and achieved European Union (ECAC) certification for the TRACER 1000™, the world’s first mass-spec Explosives Trace Detector (ETD) used in airports worldwide. Astrotech continues to innovate and add to its suite of products, including AgLAB-1000, a process control system, and the BreathTest 1000, a disease detection solution.

Astrotech is headquartered in Austin, Texas.

Subsidiaries

Astrotech Technologies Inc.

Astrotech Technologies Inc. (ATi) owns and licenses the platform mass spectrometry technology originally developed by 1st Detect. This technology is designed to be less expensive, smaller and easier to use than traditional mass spectrometers.

Unlike other technologies, ATi works under high vacuum, which eliminates competing molecules, yielding higher resolution and fewer false alarms. The company’s intellectual property includes 18 granted patents, along with extensive trade secrets.

ATi exclusively licenses the Astrotech Mass Spectrometer Technology to the three wholly owned subsidiaries of Astrotech.

1st Detect Corp.

1st Detect Corp. developed the TRACER 1000, the world’s first mass spectrometry-based explosives and narcotics trace detector. 1st Detect ETDs were developed for use at airports, cargo facilities and other secured locations and borders worldwide.

1st Detect’s commercial sales of the TRACER 1000 ETD, consumables and recurring maintenance services brought in $750,000 in total revenue during the fiscal year ended June 30, 2023. The Astrotech subsidiary recently secured two orders for a total of 24 Tracer 1000 units from two Romanian security and telecommunications companies, to be delivered during calendar 2023.

AgLAB Inc.

AgLAB Inc. is developing a series of mass spectrometers for use in the hemp and cannabis market, with an initial focus on optimizing yields in the distillation processes.

AgLAB, which uses the company’s proprietary AgLAB 1000-D2™ mass spectrometer, has been proven to improve distillation oil yields and bottom-line profits for hemp and cannabis producers. During field trials, AgLAB was able to improve ending-weight yields by an average of 24%.

BreathTech Corp.

BreathTech is developing the BreathTest-1000™, a breath analysis tool to screen for volatile organic compound (“VOC”) metabolites found in a person’s breath that could indicate they may have a compromised condition including but not limited to a bacterial or viral infection. The company believes that new tools to aid in the battle against COVID-19 and other diseases remain of the utmost importance to help more quickly identify that an infection may be present.

Market Opportunity

A report by Mordor Intelligence, a research and advisory firm, put the global mass spectrometry market at $6.37 billion in 2023. The market is forecast to grow to $8.63 billion by 2028, achieving a CAGR of 6.25% during the forecast period.

One of the major driving factors for the growth of the mass spectrometry market is technological advancements in mass spectrometer devices, the report states. Key market players are continuously working toward advancing their existing products and launching innovative and advanced mass spectrometer devices.

Another major factor that is expected to boost market growth is increasing research and development expenditure by both government and private entities, according to the report. Mass spectrometry devices are also being used in the detection and analysis of COVID-19 and other disease samples, which may have a positive impact on the market.

Management Team

The Astrotech leadership team includes management executives, as well as industry and technology experts. The company continues to actively expand its talent pool to meet evolving demands.

Thomas B. Pickens III is Chairman, CEO and Chief Technology Officer of Astrotech Corp. He also serves as CEO of Astrotech subsidiaries ATi, 1st Detect, AgLAB Inc. and BreathTech Corp. Previously, he was the founder and president of Beta Computer Systems Inc. and T.B. Pickens & Co. He was founder and general partner of Grace Pickens Acquisition Partners L.P and managing partner of Sumpter Partners. He also served as CEO of Catalyst Energy Corporation and United Thermal Corporation and as president of Golden Bear Corp., United Hydro Inc. and Slate Creek Corp. He received a B.A. in Economics, Computer Science and Engineering from Southern Methodist University.

Jaime Hinojosa, CPA, is CFO at Astrotech Corp. He joined the company in 2015 and has served as its Corporate Controller since 2019. His previous roles with the company include Director of Finance, from 2017 to 2019, and Assistant Controller, from 2015 to 2017. Prior to joining Astrotech, Mr. Hinojosa worked as an Accounting Manager for O’Reilly Auto Parts and gained public accounting experience as an Audit Manager at Burton McCumber & Cortez LLP.

Astrotech Corp. (NASDAQ: ASTC), closed Friday's trading session at $8.6, off by 3.3708%, on 4,026 volume. The average volume for the last 3 months is and the stock's 52-week low/high is $7.00/$13.97.

Recent News

Correlate Energy Corp. (OTCQB: CIPI)

The QualityStocks Daily Newsletter would like to spotlight Correlate Energy Corp. (OTCQB: CIPI).

The World Economic Forum (WEF) says China's next step in its transition to renewables is the massive deployment of commercial and industrial energy-storage systems. With most developed countries working to cut their greenhouse-gas emissions, China has invested billions of dollars into its fledgling green-energy industry over the past several years. The result is a massive deployment of wind and especially solar energy farms. In 2023 alone, China installed more solar panels than the United States installed in its entire history, putting the east Asian country at the forefront of global solar-energy deployment. However, due to their intermittent nature, renewables are most effective when they operate alongside stationary energy facilities that can store excess energy during peak production times and release it to the grid during peak consumption hours. The country currently boasts the largest electric-vehicle market on the globe with more than 150 producers and some of the world's most affordable electric cars. A fleet of electric cars powered by clean energy from China's network of solar and wind farms and energy-storage facilities would bring the country significantly closer to achieving its carbon-neutrality goals. Elsewhere, entities such as Correlate Energy Corp. (OTCQB: CIPI) are rising to the challenges faced by energy grids to pioneer decentralized energy-generation solutions so that clean energy can get to more users without being hamstrung by the inefficiencies currently present in the grid system.

Correlate Energy Corp. (OTCQB: CIPI) is a publicly-traded company strategically positioned to capitalize on America’s unstoppable trend toward decentralized energy generation.

The energy grid in the U.S. is insufficient for the booming clean energy trend, and current infrastructure is limiting green energy distribution. Constructing the needed infrastructure to address this demand imbalance will cost billions and be far too slow, positioning decentralized systems, like those on offer from Correlate, in a key position for heightened demand.

Correlate has identified several key economic drivers powering the decentralized energy trend, including:

  1. Real Cost Savings – Customer pays zero money down and gets an instant electrical price discount to current rates.
  2. Massive Project Investment Funding – The International Energy Agency estimates that over one billion dollars per day will be invested in solar energy in 2023.
  3. Consistent Long-Term Incentives – The Inflation Reduction Act is a game-changer, supercharging renewables with $1.2 trillion in tax credits for 10 years of market support.
  4. Robust Customer Demand – Wood Mackenzie expects the U.S. solar industry to nearly triple in size over the next five years.

Correlate’s team of multi-decade experts who have worked with renowned global brands are positioning the company to make the most of this opportunity while consolidating a fragmented industry. Collectively, the team has developed, financed and deployed over $2 billion in clean energy projects to date.

Three-Pronged Strategy

Correlate is leveraging a three-pronged strategy aimed at driving shareholder value:

  1. Sell – Correlate seeks to finance, develop and profitably sell localized clean energy solutions and microgrids to industrial, commercial and residential customers.
  2. Retain – Correlate plans to retain ownership of some of these energy systems and thereby realize ongoing, reliable cash flow.
  3. Acquire – Correlate seeks to acquire proven renewable energy companies in order to exponentially grow earnings per share for investors.

This strategy is enhanced by current investment trends. Clean energy earnings are being sought after by investors. In Q4 2022, the median EBITDA multiple for green energy companies was 12.3x, according to Finerva.

Market Outlook

Over the next decade and beyond, renewable energy growth is expected to come primarily via decentralized systems like those offered by Correlate.
The Inflation Reduction Act enacted in late August 2022 is likewise expected to drive growth for the company by providing new tax incentives that reduce costs for clients and/or elevate returns to investors.

Commercial buildings consume more than 35% of the generated electricity in the U.S. and are underperforming in energy efficiency at every level. These buildings waste energy, emit too much carbon and are too costly for owners and occupants, but retrofits are not happening at the rate or scale needed.

In today’s real estate market, portfolio property owners own most commercial buildings, yet most building efficiency work is focused on single buildings, thereby missing the distinct needs of this owner class which are very different from traditional owner-occupiers. The diverse nature of commercial buildings, combined with technology and performance uncertainty, make simple energy optimization initiatives – which could greatly reduce energy use and improve building value – financially unattractive, resulting in slow adoption rates. CIPI’s financial instruments and software breakdown this issue, known as the ‘split incentive’, unlocking the majority of the addressable market.

A key portion of Correlate’s strategy relates to consolidation of what has been a fragmented industry. By uncovering opportunities to improve efficiencies through strategic M&A activities, the company intends to enhance profitability throughout its operations.

Management Team

Todd Michaels is President and CEO of CIPI and founder of Correlate. He formerly served as Vice President for Innovation at SunEdison and Senior Director Distributed Solar at NRG Energy. He founded Correlate in 2015 and has 16 years of experience in the energy industry. He graduated from Indiana University with a B.S. in Computer Information Systems.

Channing Chen is CFO at CIPI and Correlate Inc. and brings over 16 years of experience in the solar industry as a developer, financier, and business unit leader. He has held executive management roles at Solar Power Partners (acquired by NRG Energy), where he was a founding employee, SunEdison, and NRG Energy (NYSE: NRG). Most recently, Mr. Chen was founder and Managing Partner at Breakaway Energy Partners LLC – a distributed energy financing and market-making platform. To date, Mr. Chen and his teams have raised over $1.5 billion in financing across residential, commercial, and utility scale solar and energy storage projects representing over 400 MWs. He holds a B.A. in Environmental Chemistry from the University of California at San Diego and an MBA from the University of Southern California. He is also an advisor and early-stage investor to several startup companies in the renewable energy space.

Dave Bailey is Chief Revenue Officer of Correlate Inc. With over 15 years of executive sales, supply chain management, and energy efficiency experience, he is responsible for ensuring the success of the National Commercial Sales Unit across multiple regional project teams. Mr. Bailey created and launched the Transformation Services team while at Wesco for its multibillion-dollar Distributed Energy Resource division, formerly Westinghouse. His focus was on IoT-enabled efficiency and plant floor automation-based services. Before that, he spent several years in Global Account Sales Management, with GE Supply as a Program Manager, and is a Commercial Leadership Program graduate. Mr. Bailey received his B.S. in Mechanical Engineering from the University of Kentucky.

Jed Freedlander is the company’s Chief Development Officer. He has a background in infrastructure development and investment and a strong legal, commercial and finance acumen. Mr. Freedlander has a proven track record in leading complex public-private partnership (P3) and energy transactions and is instrumental in driving Correlate’s strategic development initiatives.

Roger Baum is Executive VP Operations at Correlate. With over 20 years of experience at Core Construction, he brings to the company a wealth of knowledge and a strong track record in delivering successful commercial construction projects.

Jason Loyet is Director of Solar Energy for Correlate Inc. He is a cleantech executive with over 20 years of experience leading high growth solar energy and software start-ups. Mr. Loyet is a U.S. Department of Energy SunShot Catalyst award winner for his work building the Solar Site Design technology platform. Before joining the solar energy industry in 2005, he founded and sold two software companies in the streaming media (GlobalStreams) and newspaper publishing (MyCapture) industries. Mr. Loyet currently serves as a Member of the Board of Directors for the Tennessee Solar Energy Industry Association (TenneSEIA).

Correlate Energy Corp. (OTCQB: CIPI), closed Friday's trading session at $0.5, off by 23.0769%, on 19,215 volume. The average volume for the last 3 months is and the stock's 52-week low/high is $0.39/$2.35.

Recent News

FuelPositive Corp. (TSX.V: NHHH) (OTC: NHHHF)

The QualityStocks Daily Newsletter would like to spotlight FuelPositive Corp. (NHHHF).

The World Trade Organization Secretariat report has revealed that trade aid will be vital to broadening opportunities in the global transition to green energy. Launched late last month at the Global Review of Aid for Trade, the report noted that least-developed countries (LDCs) as well as developing economies have access to significant trade opportunities as the world transitions to renewables. It also outlined the role finance will play in helping such nations leverage available trade opportunities in the clean-energy-related product and service value chain. The "Aid for Trade in Action: Supporting the Transition to Clean Energy" report acknowledged that countries are adopting clean energy at accelerating rates, bringing the share of global electricity produced by solar, wind, hydrogen, nuclear and hydropower now generated to nearly 40%. Experts predict that the share of clean energy will continue to rise even faster as renewables become cheaper and countries ramp up green-energy adoption to meet national and global carbon-emission goals. LDCs and developing economies with natural resources could use financial aid to develop sustainable extraction facilities and attract foreign investment. Investing in the clean-equipment manufacture segment also offers a potentially rewarding financial opportunity as the segment is projected to surpass $1 trillion by the middle of the century, while a robust clea- energy-related services sector could help increase the odds for cross-border trade, increase growth opportunities and create new employment opportunities. Forward-thinking economies could use these opportunities to develop themselves into manufacturing value chain hubs over the next several decades. In the more developed economies of the west, enterprises such as FuelPositive Corp. (TSX.V: NHHH) (OTCQB: NHHHF) are positioning themselves to reap the benefits of providing alternative energy solutions to meet the growing need for clean energy.

FuelPositive Corp. (TSX.V: NHHH) (OTC: NHHHF) is a growth stage company focused on licensing, partnership and acquisition opportunities building upon various technological achievements. The company is committed to providing commercially viable and sustainable clean energy solutions, including carbon-free ammonia (NH3), for use across a broad spectrum of industries and applications.

FuelPositive is headquartered in Toronto, Canada.

Hydrogen Economy Problems and FuelPositive’s Carbon-Free Technology

The hydrogen economy is currently facing many challenges. Traditional NH3 manufacturing exists on a massive scale, but centralized facilities result in some of the world’s most concentrated CO2 emissions. In total, an estimated 200 million metric tonnes of NH3 are consumed each year, with greater than 80% utilized by the agricultural sector. NH3 is also being positioned as a viable alternative to fossil fuels.

FuelPositive’s flagship carbon-free ammonia technology provides an innovative solution to these environmental concerns. Developed by Dr. Ibrahim Dincer and his team, the company’s platform allows for the in-situ production of NH3 in an entirely sustainable manner, using only water, air and sustainable electricity.

The production of hydrogen is energy intensive, but it is just one variable hindering the growth of the hydrogen economy. Other hurdles include:

  • Storage – The storage of hydrogen by compression or liquification are both cost prohibitive and unsustainable.
  • Distribution – The distribution network for effective hydrogen deployment has yet to be developed, as the extreme high-pressure distribution requirements to transport hydrogen would result in enormous infrastructure costs.
  • End Use – R&D on the transportation-related end use applications for hydrogen is in its infancy, but almost any vehicle on the road today can be easily converted to run on NH3 at a considerably lower cost per mile traveled when compared to traditional fossil fuels.

A key benefit of FuelPositive’s patent-pending, first-of-its-kind carbon-free NH3 technology is its flexibility. The process allows for small, medium or large-scale production of NH3 on location, minimizing or even eliminating the challenges and volatility associated with storage and transportation to end use. As such, with an appropriately sized FuelPositive system and access to renewable energy, the end use applications for the company’s platform are nearly infinite.

Manufacturing Partnership

On May 19, 2021, FuelPositive announced its selection of National Compressed Air Canada Ltd. (“NCA”) to undertake manufacturing of the company’s Phase 2 hydrogen-ammonia synthesizer commercial prototype systems for carbon-free ammonia production.

In a news release detailing the partnership, FuelPositive CEO Ian Clifford noted, “This critical milestone for FuelPositive will confirm the broad application potential for our technology and is the backbone of our Carbon-Free Hydrogen-NH3 offering. Partnering with the knowledgeable and experienced team at NCA on this commercialization project will bring our development-stage program to life.”

Global Ammonia Market Outlook

The global ammonia market was valued at $52.71 billion in 2017 and is forecast to reach $81.42 billion by 2025, growing at a CAGR of 5.59%, according to data from Fior Markets (https://ibn.fm/1OfOB).

The agricultural industry consumes more than 80% of global NH3. Smaller percentages can be attributed to the waste, water treatment, refrigerants, antiseptic, textile, mining and pharmaceutical industries.

One of the most polluting industries on the planet consists of conventional agribusinesses. These polluters are responsible for more greenhouse emissions per year than transportation. This is where FuelPositive’s technology is expected to be extremely beneficial.

Management Team

Ian Clifford is Director, CEO and Founder of FuelPositive Corp. He has over 25 years of experience in the fields of technology and marketing and has successfully led the company to global brand recognition through its unique energy solutions. Since 2006, Mr. Clifford has raised over $50 million in equity financing for FuelPositive. He also co-founded digIT Interactive, a full-service internet marketing company serving Fortune 500 clients, which he sold at the peak of the market in 2000.

Greg Gooch serves as a Director and President of FuelPositive. His multifaceted career in the electronics and finance industries has positioned him as a key advisor and funding partner to start-ups and new technology companies for over 40 years. Mr. Gooch has been involved with FuelPositive since its early days and has remained a significant supporter and consultant to the company over the years. He has a bachelor’s from McGill University and an MBA from the University of Western Ontario.

Dr. Ibrahim Dincer is a scientific advisor to FuelPositive and is recognized as a pioneer and international leader in the area of sustainable energy technologies. Along with his team, Dr. Dincer invented the modular carbon-free ammonia (NH3) production technology that FuelPositive is commercializing. His area of specialty covers various topics including ammonia, hydrogen energy and fuel cells; renewable energy systems; energy storage systems and applications; carbon capturing technologies, and integrated and hybrid energy systems He is currently managing an exemplary team of researchers in this commercialization project.

Marek Warunkiewicz is the company’s Communications & Branding Specialist. He brings more than 40 years of entrepreneurial expertise to the FuelPositive team, having held marketing, branding, advertising, project management and graphic design positions with various companies. Mr. Warunkiewicz has successfully created business-to-business marketing and advertising campaigns for a diverse group of clients ranging from high-tech to agriculture. He co-founded digIT Interactive and ZENN Motor Company alongside Ian Clifford.

Luna Clifford is the Director of Communications for FuelPositive. She has over 10 years of experience as a business owner and advisor, helping build and operate several successful start-up enterprises while managing complex stakeholder relationships. Ms. Clifford excels in strategic planning and team building, and she has completed extensive studies in the fields of communications and health care.

FuelPositive Corp. (NHHHF), closed Friday's trading session at $0.03989, off by 9.3409%, on 228,341 volume. The average volume for the last 3 months is 469,957 and the stock's 52-week low/high is $0.03/$0.07.

Recent News

Annovis Bio Inc. (NYSE: ANVS)

The QualityStocks Daily Newsletter would like to spotlight Nightfood Holdings Inc. (NYSE: ANVS).

Annovis Bio Inc. (NYSE: ANVS) is a late-stage clinical drug platform company pioneering transformative therapies for neurodegenerative disorders such as Alzheimer’s Disease (AD) and Parkinson’s Disease (PD). Annovis Bio stands out by developing a drug that targets multiple neurotoxic proteins simultaneously, aiming to restore axonal and synaptic activity. This innovative approach aims to treat memory loss and dementia associated with AD and body and brain dysfunction associated with PD, making Annovis a unique player in the neurodegeneration space.

Lead Drug Candidate: Buntanetap

Buntanetap (formerly Posiphen) targets neurodegeneration by inhibiting the formation of multiple neurotoxic proteins, including amyloid beta, tau, alpha-synuclein, and TDP43. This multifaceted inhibition improves synaptic transmission and axonal transport, reduces neuroinflammation, and protects nerve cells from dying. Unlike monoclonal antibody therapies, Buntanetap is an orally available small molecule capable of inhibiting multiple neurotoxic proteins at once, positioning it as a comprehensive solution for neurodegenerative diseases.

In a recent Phase II/III Alzheimer’s study, Buntanetap demonstrated statistically significant efficacy. Patients with early AD showed a significantly higher rate of improvement in ADAS-Cog 11 scores across all treatment doses compared to placebo, with a -3.3 point improvement compared to -0.3 for placebo (p < 0.01). Plasma Tau protein levels also reduced, consistent with previous Phase II biomarker data, further validating Buntanetap’s mechanism of action.

Similarly, in the Phase III study of Buntanetap in patients with early Parkinson’s disease, significant advancements were observed. Topline data results are anticipated in June 2024. Preliminary findings indicate promising results in improving cognitive and motor function, underscoring Buntanetap’s potential as a transformative therapy for Parkinson’s disease.

Market Opportunity

The aging population presents a significant market opportunity, with nearly 7 million Americans currently suffering from Alzheimer’s Disease (AD), a figure projected to rise to almost 13 million by 2050 (Alzheimer’s Association) (Republican Policy Committee). Additionally, approximately 1.2 million people in the U.S. have Parkinson’s Disease (SingleCare).

The economic burden of Alzheimer’s is immense, with care costs expected to reach $360 billion in 2024 and escalate to nearly $1 trillion annually by 2050. The need for effective, comprehensive treatments like Buntanetap is more critical than ever.

Company Highlights

  • Innovative Therapeutic Approach: Annovis Bio uniquely targets multiple neurotoxic proteins, aiming to restore nerve cell health and improve cognitive and motor function in AD and PD patients.
  • Robust Clinical Data: Phase II/III studies show significant improvements in cognitive function and biomarker levels in early AD patients.
  • Groundbreaking Clinical Insights: Preliminary results from Phase II studies indicate significant improvements in motor functions and speed in patients with Parkinson’s Disease (PD).
  • Upcoming Phase III Trials: Plans are underway for an 18-month Phase III trial focusing on biomarker-positive early AD patients, designed to further validate Buntanetap’s disease-modifying potential.
  • Capital Efficiency: Annovis Bio is capital-efficient, with zero debt and multiple global patents extending into the 2040s.

Management Team

Maria L. Maccecchini, Ph.D., Founder, President, CEO, and Executive Board Member, founded Annovis Bio in May 2008 with the mission to develop better therapeutics for Alzheimer’s, Parkinson’s, and other neurodegenerative diseases. She has previously been a partner and director at two angel groups, Robin Hood Ventures and MidAtlantic Angel Group, and founded Symphony Pharmaceuticals/Annovis, which was sold to Transgenomic in 2001. Her extensive experience includes roles such as General Manager at Bachem Bioscience and Head of Molecular Biology at Mallinckrodt. Dr. Maccecchini holds a Ph.D. in biochemistry from the Biocenter of Basel, with postdoctoral work at Caltech and the Roche Institute of Immunology.

Cheng Fang, Ph.D., Senior VP of Research and Development, is an accomplished neuroscientist with two decades of experience in neurodegenerative diseases. She has a successful track record of scientific publications and contributions, coupled with extensive pre-clinical and clinical development experience. Dr. Fang has been instrumental in advancing the understanding of neurodegenerative disease mechanisms and developing therapeutic strategies.

Michael Christie, Ph.D., VP of Process Chemistry, has over 40 years of experience in the pharmaceutical industry, focusing on process chemistry R&D, pilot plant production, and GMP operations. He has held senior management positions at companies such as SmithKline, Rhodia, Teva, and Cephalon, and founded a contract process R&D service company, which was later acquired by ChiRex. Dr. Christie is co-author or co-inventor on several publications and patents. He earned his BS in chemistry from the University of Michigan and his doctorate from MIT.

Melissa Gaines, Senior VP of Clinical Operations, is an accomplished clinical research professional with over 20 years of experience across academia, contract research organizations, and pharmaceutical companies. She has proven abilities in monitoring and managing Phase I to IV clinical trials, specializing in CNS disorders and extending to a broad range of therapeutic indications. Her CNS experience spans from small Phase I and II studies to large global Phase III trials in Alzheimer’s disease, Parkinson’s disease, sleep disorders, and various psychiatric diseases in both adult and pediatric populations. In her current role, she oversees and supports all clinical project activities, driving operational success and ensuring high-quality clinical outcomes.

Learn more about the Annovis Bio team on LinkedIn.

Annovis Bio Inc. (NYSE: ANVS), closed Friday's trading session at $11.1, up 37.3762%, on 16,203,599 volume. The average volume for the last 3 months is 1.551M and the stock's 52-week low/high is $4.53/$22.49.

Recent News

Energy and Water Development Corp. (OTCQB: EAWD)

The QualityStocks Daily Newsletter would like to spotlightFathom Energy and Water Development Corp. (OTCQB: EAWD) .

Energy and Water Development Corp. (OTCQB: EAWD) is a green-tech engineering solutions company focused on delivering water and energy to extreme environments. The company builds water and energy systems out of already existing, proven technologies, utilizing its patent-pending systems configuration and technical know-how to customize solutions to meet clients’ needs. To date, two water systems have been sold and deployed in Mexico and Germany, and the company is working to fulfill additional orders.

Using its patent-pending design, EAWD is working to build and operate off-grid EV charging stations in Germany. The company is a United Nations-accredited vendor and offers design, construction, maintenance and specialty consulting services to private companies, government entities and non-government organizations for the sustainable supply of energy and water.

EAWD focuses on three main aspects of the water and energy business: (1) generation, (2) supply and (3) maintenance. The green tech industry is constantly evolving due to ongoing and increasing water scarcity, as well as increased energy needs in the world. Therefore, the company believes that by designing sustainable and renewable solutions to these problems, EAWD will become an essential component of a rapidly growing industry with many new markets.

EAWD’s approach seeks to assist businesses with the growth and development of their general operations by ensuring the efficient, profitable and sustainable supply and generation of water and energy, allowing its potential customers to focus on their business while adopting strategies of sustainability.

By using the state-of-the-art technological solutions and technologies identified, designed and provided by EAWD and its collaborators, the company believes that its potential clients will be free to focus on the performance of their operations, as well as with the water and energy consumption or generation regulations within their industries.

EAWD is headquartered in Saint Petersburg, Florida, with operations in Germany and Mexico.

Products

In view of the increased worldwide demand for water and energy, EAWD’s business goals are focused on self-sufficient energy-supplied water generation and green energy production. To accomplish this, the company set out to establish an outsourcing green tech platform to commercialize its state-of-the-art technologies while providing engineering and technical consultation services to design the most sustainable technological solutions that can provide water and energy.

The company has sought potential collaboration with green tech research and development centers in Europe and has established its operating subsidiaries in Hamburg, Germany, where EAWD has started to assemble its patent-pending innovative off-grid, self-sufficient energy supply atmosphere water generation (AWG) systems.

EAWD Deutschland and EAWD Logistik operate in Hamburg, Germany, to meet the increasing demands of water and energy generation projects around the world, as well as to operate the solar-powered EAWD Off-Grid EV Charging Stations, EAWD’s newest product.

The company expects to offer sustainable added value to each project it takes on, while generating revenue from the sale of EAWD Off-Grid AWG Systems, EAWD Off-Grid EV Charging Stations, EAWD Off-Grid Power Systems and EAWD Off-Grid Water Purification Systems; royalties from the commercialization of energy and water in certain cases; and licensing of its innovated technologies, along with its engineering, technical consulting and project management services.

EAWD continues to be a development stage company. It presently assembles its EAWD Off-Grid AWG Systems and EAWD Off-Grid EV Charging Stations at its workshop in Germany and outsources most of its engineering and technical services, as well as services relating to the promotion, sale and distribution of its products.

Market Opportunity

According to a report by Allied Market Research, a global market research, consulting and advisory firm, the worldwide green technology and sustainability market was valued at $10.32 billion in 2020 and is projected to reach a value of $74.64 billion by 2030, growing at a CAGR of 21.9% during the forecast period.

A surge in environmental awareness and increasing concerns among organizations and individuals about climate change drive the growth of the market. Furthermore, an increase in consumer and industrial interest for the use of clean energy resources are among some of the major factors expected to boost growth of the market in the coming years, according to the report.

The expected rise in favorable government and private initiatives to tackle climate change and air pollution represent an opportunistic factor of the market. An increase in energy consumption and rise in greenhouse gas emissions are major factors that drive the development of green technology innovations, the report states.

Management Team

Irma Velazquez is CEO and Vice Chair at EAWD. She brings certified expertise in sustainable development and large-scale project management to the company. She formerly worked for United Nations agencies including the World Health Organization, Farmaciens Sans Frontieres, Red Cross and Crescent Societies, where she served in the positions of Information Technology Manager, Sustainable Development Manager, Programme Manager and Disaster and Crisis Management Coordinator. She has a master’s in sciences from the Erasmus University of Rotterdam. She speaks French, English and Spanish.

Ralph Hofmeier is Chief Technology Officer and Chairman at EAWD. He brings a mechanical engineering background to the company and previously served as President of Powermax Energy & Business Solutions Inc. When that company merged with EAWD, he served as President and CEO of Directors of EAWD. Over the last 20 years, he has established and developed several multinational companies in green tech distribution and commercialization. He speaks German and English.

Energy and Water Development Corp. (OTCQB: EAWD), closed Friday's trading session at $0.0696, up 30.0935%, on 177,098 volume. The average volume for the last 3 months is 187,818 and the stock's 52-week low/high is $0.0159/$0.12.

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Why do we spotlight companies for Free?
We Want To bring our subscribers the top movers in an unbiased setting.

"Homework Eliminates Mistakes"
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