The QualityStocks Daily Friday, August 17th, 2018

Today's Top 3 StockMarketWatch

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The QualityStocks Daily Stock List

Uniroyal Global Engineered Products, Inc. (UNIR)

Zacks, Marketbeat.com, and MarketWatch reported on Uniroyal Global Engineered Products, Inc. (UNIR), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Uniroyal Global Engineered Products, Inc., via its subsidiaries, is a top manufacturer of vinyl coated fabrics. These fabrics are durable, stain resistant, cost-effective alternatives to leather, cloth, and other synthetic fabric coverings. The Company is a foremost supplier of these vinyl coated fabric materials for the automotive and commercial industries. Established in 1992, Uniroyal Global Engineered Products (UNIR) is headquartered in Sarasota, Florida.

UNIR’s primary brand names include Naugahyde®, BeautyGard®, Flameblocker™, and Spirit Millennium®. Moreover, they include Ambla®, Amblon®, Velbex®, Cirroflex®, Plastolene® and Vynide®.  The Company’s 2016 revenue was derived 65 percent from the automotive industry and roughly 35 percent from the recreational, industrial, indoor and outdoor furnishings, hospitality, and health care markets

UNIR’s products in the automotive industry are used mostly in seating, door panels, head and arm rests, security shades, and trim components. The Company’s non-automotive applications include outdoor seating for utility and sports vehicles, and sheeting used in medical, nuclear protection, personal protection, moisture barriers, pool liners, pram and nursery, movie screen, and decorative surface applications.

UNIR’s Naugahyde brand introduced Casablanca in 2016. This is a linen-textured vinyl-coated fabric. Casablanca combines the look and feel of linen with the performance of Naugahyde®.

The collection was developed with hospitality, contract, marine, as well as healthcare markets in mind. All of Casablanca’s patterns are flame retardant, stain resistant, and anti-microbial. Casablanca features Naugahyde’s exclusive Advanced BeautyGard® top coat finish.

Last week, UNIR reported its financial results for the second fiscal quarter ended July 2, 2017. Net sales for the second fiscal quarter were $26,077,549 in comparison to $27,333,869 for the prior year. This represents a decline of 4.6 percent.

Net sales for the six months ended July 2, 2017 were $51,835,978 in comparison to $52,301,464 for the prior year. This represents a decline of 0.9 percent.

Operating income for the second fiscal quarter was $1,644,302 in comparison to $2,614,414 for the second quarter of the prior year. This represents a decline of 37.1 percent. Operating income for the six months was $3,380,182 in comparison to $4,487,868 for the six months of the prior year. This represents a decline of 24.7 percent.

Net income Available to Common Shareholders declined in the second fiscal quarter to $214,466 from $1,181,726 in the second quarter of the prior year, due to lower gross profit margins. Net income Available to Common Shareholders for the six months ended July 2, 2017 declined to $685,242 from $1,615,829 in the first six months of the prior year, mainly because of lower gross profit margins.

Uniroyal Global Engineered Products, Inc. (UNIR), closed Friday's trading session at $1.74, up 16.00%, on 240 volume with 3 trades. The average volume for the last 60 days is 1,097 and the stock's 52-week low/high is $1.00/$3.20.

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Northern Minerals & Exploration Ltd. (NMEX)

Penny Stock Tweets, SmallCapVoice, Proactive Investors, OTC Markets, Wallet Investor, 4-Traders, Stockhouse, Mining Feeds, MarketWatch, TopPennyStockMovers, InvestorsHub, Marketwired, Junior Mining Network, Club Penny Stocks Network, OTPicks, OTCBB Journal, Orbit Stocks, Northern Miner, and First Penny Picks reported on Northern Minerals & Exploration Ltd. (NMEX), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.

Northern Minerals & Exploration Ltd. is a natural resource company listed on the OTC Markets. Its emphasis is on oil and gas exploration & production in Texas, gold & silver exploration in Nevada, and hotel & resort development in Mexico. The Company previously went by the name Punchline Resources Ltd. It changed its corporate name to Northern Minerals & Exploration Ltd. in August of 2013. Northern Minerals & Exploration has its head office in Quitman, Texas.

In 2017, Northern Minerals & Exploration entered into a Letter of Intent (LOI) with a private Mexican entity to work together and conduct due diligence for participating in projects in Mexico with a first focus on a property in the State of Quintana Roo. The Property is a part of the Riviera Maya. It is situated near the recently discovered Ichkabal Mayan ruins. It is located on the Caribbean coast of the Yucatan Peninsula. The Company considers the Property to have significant potential for resort development.

In June, Northern Minerals & Exploration announced that significant events have occurred over the past six months for the Company. It moved from an LOI to a Memorandum of Understanding (MOU) on Joint Venture (JV) development of the Hotel & Resort Property on Yucatan Peninsula, Mexico.

Moreover, the Company established a Mexican Subsidiary - Enmex Operaciones to be able to commence Real Estate Development Projects in Mexico. It also hired an award winning Architectural Firm to design the masterplan for a 40 room Boutique Hotel & Resort, Spa & Wellness Center with 40 Luxury Villas and 50 High End Condos.

Furthermore, Northern Minerals & Exploration formed Kathis Energy LLC, as a wholly-owned subsidiary that is establishing oil and gas operations in west and south
Texas. Kathis Energy created Two Private Placement Drilling funds. One is a $5,250,000 drilling fund for 8 wells in central west Texas. The other is a $30,000,000 drilling fund for 25 wells in south Texas. Kathis Energy’s forte is to go back into abandoned or plugged out oil fields, which were considerable producers and recover the significant oil reserves that were left behind.

The Company also completed a CSMAT Survey on the Winnemucca Mountain Gold Property. The Winnemucca Mountain Property comprises greater than 2600 acres+/- in Humboldt County, in northwestern Nevada. The Property is near the northern end of the highly productive Battle Mountain-Eureka mineral trend.

Recently, Northern Minerals & Exploration announced the expansion of the Board of Directors and Officers. On Friday, July 6, 2018, Mr. Howard Siegel, sole Director of the Company, added Noel Schaefer and Victor Miranda to the Board effective immediately.  The new Board appointed a new group of Officers: Ivan Webb, Chief Executive Officer; Victor Miranda, Chief Financial Officer; Noel Schaefer, Chief Operations Officer; Roger Autrey, VP Business Development & Secretary; and Mark Seitz, VP Director of Operations.

Northern Minerals & Exploration Ltd. (NMEX), closed Friday's trading session at $0.0699, down 0.14%, on 500 volume with 1 trade. The average volume for the last 60 days is 17,747 and the stock's 52-week low/high is $0.0144/$0.10.

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Guided Therapeutics, Inc. (GTHP)

OTCStars.com, BestDamnPennyStocks, DSR News, PHUB News, TheNextBigTrade, TopPennyStockMovers, SmallCapVoice, PennyTrader Publisher, Pennystocktweeters.com, NYC Marketing Inc., Stock Beast, PennyStocks24, PennyStockLocks.com, ResearchOTC, Stock Commander, StockRockandRoll, AllPennyStocks, and Momentum Trades reported on Guided Therapeutics, Inc. (GTHP), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Guided Therapeutics, Inc. is the creator of a quick and painless testing platform. This platform is for the early detection of disease founded on the Company's patented biophotonic technology, which utilizes light to detect disease at the cellular level. Listed on the OTC Bulletin Board, Guided Therapeutics is headquartered in Norcross, Georgia.

The Company’s initial product is the LuViva® Advanced Cervical Scan. This is a non-invasive device used to detect cervical disease promptly and at the point of care. The LuViva® Advanced Cervical Scan is an investigational device. It is limited by federal law to investigational use in the United States. The design of LuViva® is as a quick, painless test that, unlike Pap smears and HPV testing, does not require a tissue sample or the delay of laboratory analysis.

LuViva® scans the cervix with light and uses spectroscopy to measure how light interacts with the cervical tissue. Spectroscopy identifies chemical and structural indicators of pre-cancer that may be below the surface of the cervix or misdiagnosed as benign. The technique is named biophotonics. Biophotonics is the science of generating and harnessing light to image, detect, and also manipulate biological materials.

The LuViva® Advanced Cervical Scan technology (in a multi-center clinical trial, with women at risk for cervical disease) was able to detect cervical cancer up to two years earlier than conventional modalities, according to published reports. The device is utilized in combination with the LuViva® Cervical Guide single-use patient interface and calibration disposable.

The LuViva® Advanced Cervical Scan is under U.S. Food and Drug Administration (FDA) Premarket review. Furthermore, Guided Therapeutics is developing a non-invasive test for the early detection of esophageal cancer using this technology platform.

In late May of this year, Guided Therapeutics announced that it received an order for 10 additional LuViva® Advanced Cervical Scans for Indonesia. This order brought to 24 the number of LuVivas and over 7,000 the number of single use Cervical Guides sold to Indonesia. Additional orders of Cervical Guides are expected later in 2017.

Recently, Guided Therapeutics announced that it re-opened discussions with the FDA concerning U.S. premarket approval of the Company’s LuViva® Advanced Cervical Scan. Its decision was encouraged by a constructive outcome from its earlier face-to-face meeting with the FDA and a perceived more favorable environment for device approvals under the new Presidential administration, along with a recent rise in device approvals at the FDA.

Guided Therapeutics’ plan is to re-file for approval of its LuViva® Advanced Cervical Scan. The Company plans on conducting a new clinical study to confirm earlier results already submitted to the FDA.

Guided Therapeutics, Inc. (GTHP), closed Friday's trading session at $0.0025, up 4.17%, on 355,334 volume with 25 trades. The average volume for the last 60 days is 1,173,628 and the stock's 52-week low/high is $0.002/$0.098.

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Towerstream Corp. (TWER)

KingPennyStocks, ChartPoppers, BUYINS.NET, Damn Good Penny Picks, Penny Stock Prodigy, CoolPennyStocks, Epic Stock Picks, Hit and Run Candle Sticks, HotOTC, MadPennyStocks, MarketClub Analysis, Money Morning, OTCBB Journal, OTCMagic, Penny Picks, Investing Futures, MicroCapDaily, Investment Contrarians, Jason Bond, Broad Street, BullRally, PennyInvest, and PennyOmega reported on Towerstream Corp. (TWER), and we also highlight the Company, here at the QualityStocks Daily Newsletter.

Towerstream Corp. is a foremost Fixed-Wireless Fiber Alternative business. The Company delivers high-speed Internet access to businesses. Together with its subsidiaries, it provides fixed wireless broadband services and delivers access over a wireless network transmitting over regulated and unregulated radio spectrum to commercial customers in the U.S. OTCQB-listed, Towerstream is based in Middletown, Rhode Island.

Earlier this year, Towerstream announced that its Board commenced evaluation of strategic repositioning of the Company as it moves to leverage its existing important assets in major United States markets. In association with the announcement, Towerstream launched a determined focus on indirect and wholesale channels and the retention of Bank Street Group LLC as its independent financial advisor to explore strategic alternatives with such broadband carriers.

The Company provides broadband services in twelve urban markets. These include New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth, Houston, Las Vegas-Reno, and the greater Providence area. Towerstream has built 175 Major Points of Presence (POPs). It positions its POPs on the tops of buildings.

Towerstream is a last-mile facilities-based provider. The Company owns its entire network. Towerstream completely bypasses the local exchange carrier and cable providers. Towerstream’s solution to businesses either complements or replaces existing Internet connections.

The Company provides property managers, building owners, and their commercial tenants a redundant and reliable dense urban network. This network directly connects to Towerstream’s fiber backbone.

Towerstream has its Single Tenant Internet Solution. This solution is for customers not in On-Net buildings. The Single Tenant Internet Solution provides primary and back-up dedicated internet access as a speedier and less costly alternative to fiber.

On-Net refers to the extensive number of buildings in the Company’s 12 coverage markets currently lit for On-Net Business Internet Service. Towerstream’s On-Net Service provides businesses within its continually increasing portfolio of On-Net buildings with dedicated and symmetrical Internet connectivity.

Towerstream anticipates future operating efficiencies resulting from scale and optimization initiatives. The Company’s network footprint can reach 392,000 buildings within a 4 mile radius of its PoPs. Towerstream can serve customers at 10-13 miles. Towerstream announced a new wholesale division in August of 2017 to take advantage of its existing footprint and timely installation capability to provide last-mile service to carriers.

Towerstream Corp. (TWER), closed Friday's trading session at $3.45, up 4.55%, on 367 volume with 9 trades. The average volume for the last 60 days is 1,877 and the stock's 52-week low/high is $0.0685/$15.00.

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AmeriCann, Inc. (ACAN)

Cannabis Financial Network News, OTC Markets Group, Real Pennies, TopPennyStockMovers, Promotion Stock Secrets, SmallCapVoice, and TheMicrocapNews reported on AmeriCann, Inc. (ACAN), and we report on the Company as well, here at the QualityStocks Daily Newsletter.

AmeriCann, Inc. is developing sustainable, state-of-the-art, medical cannabis cultivation properties. The Company is a national leader of sustainable cultivation and processing infrastructure for the medical marijuana industry. AmeriCann designs, builds, and owns efficient cultivation and processing facilities to produce medical cannabis. It is developing projects throughout the nation in regulated markets via the “Preferred Partner Program”. An Agricultural Technology Company, AmeriCann is based in Denver, Colorado.

The Company identifies, acquires, and develops real estate especially suited for cannabis operations. It finances real estate development. Furthermore, AmeriCann provides necessary venture capital to developing cannabis companies.

AmeriCann is developing a 53-acre property in Massachusetts as the Massachusetts Medical Cannabis Center (the MMCC). The MMCC has approval for almost 1 million square feet. The expectation is that it will be one of the most technologically advanced cultivation facilities in the nation.

AmeriCann announced in September of 2017 that Coastal Compassion, Inc. (CCI), its Preferred Partner in Massachusetts, received a Final Certificate of Registration from the Department of Public Health. CCI is one of a limited number of vertically integrated companies approved to cultivate, process and ultimately dispense medical cannabis in the Massachusetts Medical-Use of Marijuana program. AmeriCann has agreements with CCI to lease 100 percent of the first phase of MMCC that will comprise a 30,000 square foot greenhouse, laboratory and research center.

AmeriCann has its Preferred Partner in Massachusetts, Bask, Inc. (BASK of BASK Premium Cannabis). AmeriCann formed an alliance with BASK in 2016 as a Preferred Partner in Massachusetts. BASK is scheduled to be the first business to operate in AmeriCann's Massachusetts Medical Cannabis Center (MMCC).

BASK Premium Cannabis has been cultivating, processing, and dispensing medical cannabis in a state-of-the-art 10,000 square foot facility in Fairhaven. The facility includes technology and systems that AmeriCann has identified for the MMCC project as part of its Cannopy System. The Cannopy System uniquely combines expertise from traditional horticulture, lean manufacturing, regulatory compliance and cannabis cultivation to create premier facilities and procedures.

Last month, AmeriCann announced that it is leading a research pilot study in Massachusetts. The research is led by Cannabis Community Care and Research Network (C3RN) in collaboration with UMass Dartmouth.

AmeriCann, via its Preferred Partner BASK, Inc., is conducting research studies with C3RN. C3RN is now collaborating with the UMass Dartmouth Charlton College of Business. The initial study launched is an anonymous national cannabis consumer and patient survey, with a concentration on the Massachusetts market.

Additionally, in July, AmeriCann announced that it closed an all equity financing offering with total proceeds of $3,819,000. The proceeds from the $3.00 per share equity financing will be used for construction at AmeriCann’s Massachusetts Medical Cannabis Center (MMCC) development. The Company is preparing to release the general contractor and project management team for the first phase of the MMCC development.

AmeriCann, Inc. (ACAN), closed Friday's trading session at $2.43, up 15.74%, on 65,444 volume with 146 trades. The average volume for the last 60 days is 71,351 and the stock's 52-week low/high is $1.25/$5.35.

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Calmare Therapeutics, Inc. (CTTC)

OTCBB Journal, TaglichBrothers, and SmallCapVoice reported earlier on Calmare Therapeutics, Inc. (CTTC), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.

Calmare Therapeutics, Inc. (the Calmare Pain Mitigation Therapy™ company) researches, develops, and commercializes chronic, neuropathic pain, and wound affliction devices. Calmare devices sell commercially to medical practices internationally. In addition, they are found in U.S. military hospitals, clinics, and on installations through the Company’s General Services Administration (GSA) military contract (V797P-4300B). Calmare Therapeutics is headquartered in Fairfield, Connecticut.

Calmare’s medical devices provide a non-pharmacological (no drugs), non-addictive (no narcotics), and non-invasive (over the skin) solution to chronic pain sufferers in an outpatient treatment setting. The Company supplements its medical devices with a catalogue of private label neurostimulation and sensory electrodes.

The Company’s flagship medical device is the Calmare® Pain Therapy Device. This is the world's only non-invasive and non-addictive modality that can successfully treat chronic, neuropathic pain. Calmare Therapeutics holds a U.S. Food & Drug Administration (FDA) 510k clearance designation (K081255) on its flagship device. This grants it the exclusive right to sell, market, research, and develop the medical device in the United States.  

Concerning CALMARE® Pain Therapy Treatment, the device is FDA-cleared for U.S. sales, U.S. patented, and patent pending in other countries, and medically certified in Europe. The Calmare® Pain Therapy Device treats oncologic and neuropathic pain through a biophysical rather than biochemical approach.

In January 2017, Calmare Therapeutics announced it was approved to list and supply four sensory and stimulation electrodes and the Calmare® Pain Therapy Device on the GSA Advantage!® web portal. GSA Advantage! is the online shopping and ordering system, which provides access to thousands of contractors and millions of supplies (products) and services.

Calmare Therapeutics has been a preferred vendor of the U.S. federal government (GSA#V797P-4300b) since 2010. Devices, consumables, as well as related hardware sell to U.S. military hospitals and clinics across the U.S. The Company sells its devices in Europe under CE-mark designation.

Calmare creates partnerships with its clients and customers to maximize their Intellectual Property (IP) assets, reduce time-to-market, and add to their profitability. The Company’s Technology Sourcing Service seeks technologies that fit with customer business goals and presents them as potential licensing or IP acquisition candidates.

Greater than 6,000 chronic pain patients have been successfully treated with Calmare Pain Mitigation Therapy™ since the initial Calmare chronic pain treatment was administered in 2007. Calmare Therapeutics has licensed more than 500 technologies to more than 400 individual organizations.

Calmare Therapeutics, Inc. (CTTC), closed Friday's trading session at $0.1348, up 3.69%, on 11,358 volume with 5 trades. The average volume for the last 60 days is 3,552 and the stock's 52-week low/high is $0.07/$0.2309.

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Empire Diversified Energy, Inc. (MPIR)

MarketWatch, OTC Markets, InvestorsHub, Morningstar, Investing, Stockhouse, Stockopedia, YCharts, Investors Hangout, PennyStockHub, EquityNet, OtcDynamics, Penny Stock Tweets, Dividend Investor, Biz Journals, and Hot Penny Stocks reported on Empire Diversified Energy, Inc. (MPIR), and today we report on the Company, here at the QualityStocks Daily Newsletter.

Empire Diversified Energy, Inc.’s main objective is to serve the challenges of the energy Industry with inventive solutions primarily related to the safe removal and disposal of Coal Combustion Residue (CCR), typically referred to as coal ash, from the nation’s utilities storage ponds. Fundamentally, the Company’s mission is to help clean up the existing environment and develop clean fuel sources in the future. OTCQB-listed, Empire Diversified Energy is based in Fort Lauderdale, Florida.

Empire specializes in Diversified Green Energy projects. The Company is a full-service business. It offers strategic consulting and unique environmental solutions to address industry issues including the aforementioned CCR remediation and renewable energy alternatives. Empire has identified a niche market opportunity in the fly ash remediation sector.

Empire Diversified Energy is currently initiating coal-reduction strategies involving increased use of sustainable biomass. In addition, the Company’s longer-term plans will be to diversify into zero-emission fuel science and the extensive use of economically-viable hydro-electric, solar, and wind technologies.

Empire plans to acquire certain assets. These include, but are not limited to, logistical equipment, coal mines, landfills, solar equipment, as well as biomass inventories. This is because it is working to implement a vertical integration strategy.

At present, the Company is developing a hybrid alternative fuel pellet (HAFP). The intention of HAFP is to allow utilities and other enterprises that now burn solid and gaseous fuel sources to transition from these traditional sources to HAFP’s.

Moreover, Empire is developing its own proprietary binding agent. This binding agent will permit HAFP’s to be used across a broader range of platforms. HAFP’s are produced, in part, with high-grade reclaimed coal fines, blended with cellulose (wood) and/or other biomass material in an 80/20 configuration. Consequently, the resulting product is a cleaner, renewable fuel source with similar BTU output to pure coal.

Empire Diversified Energy acquired DTE Dickerson, LLC. In May OF 2017 it completed its acquisition on the DTE Dickerson property. Assets in the Dickerson included all coal, coal slurry; coal waste and coal refuse situated within the property; a surety bond in the amount of $1,203,500; a slurry disposal area; prep plant; and varied permits.

In February of this year, Empire Diversified Energy announced that with the official announcement by OTC Markets on January 17, 2018, the Company was officially uplisted from a “Pink Sheet” listing to a fully-audited company on the OTCQB. This elevated status enabled Empire to finalize a number of elements of Phase I of its business plan.

The Company agreed to a schedule of financing terms. It made a cash deposit for its initial asset acquisition—the DTE Dickerson site in Cadiz, Ohio. This site is a previously operating coal mine, with roughly million tons of refuse coal on-site.

Empire received a binding purchase order from Red Hill Resources LLC (Kentucky) for up to 20,000 tons of this material per month. Empire purchased and took delivery of all the required heavy equipment and built out the regulatory infrastructure and the human services required for employees at this site.

Empire Diversified Energy, Inc. (MPIR), closed Friday's trading session at $1.50, up 0.67%, on 100 volume with 1 trade. The average volume for the last 60 days is 129 and the stock's 52-week low/high is $0.312/$5.00.

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Aurora Cannabis, Inc. (ACBFF)

New Cannabis Ventures, MarketWatch, InvestorsHub, Wealth Daily, Stock of the Week, 4-Traders, Finance Registrar, Barchart, Profit Confidential, Streetwise Reports, Insider Financial, CentralCharts, Equities, Market Realist, YCharts, Zacks, Stockhouse, and Daily Marijuana Observer reported on Aurora Cannabis, Inc. (ACBFF), and today we report on the Company, here at the QualityStocks Daily Newsletter.

Aurora Cannabis, Inc.’s wholly-owned subsidiary, Aurora Enterprises, Inc., is a licensed producer of medical cannabis pursuant to Health Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR). Additionally, its wholly-owned subsidiary CanniMed Therapeutics, Inc. is Canada's most experienced licensed producer of medical cannabis. Aurora Cannabis has its corporate office in Vancouver, British Columbia. It also has offices in Edmonton, Pointe-Claire, and Toronto.

Aurora Cannabis has a funded operation of more than 2,000,000 square feet. The Company states that at full capacity this should produce in excess of 240,000 kg annually of high-quality cannabis. Aurora has an aggressive international expansion strategy that currently sees it with operations and/or sales and participations in Germany, Denmark, Italy, and Australia.

Aurora Mountain is the world’s first indoor cannabis facility purpose-built from scratch. Aurora Mountain is an EU GMP certified facility. As a result, the Company is certified to export cannabis from Aurora Mountain to Germany, and through its wholly-owned subsidiary, Pedanios GmbH, to service the wider European Union market. Pedanios GmbH is the foremost wholesale importer, exporter, and distributor of medical cannabis in the European Union.

Aurora Cannabis holds about 17 percent of the issued shares in top extraction technology company Radient Technologies, Inc. Furthermore, the Company holds 52.7 percent of Hempco Food and Fiber, Inc. It also acquired BC Northern Lights Ltd. and Urban Cultivator, Inc.

Aurora Cannabis is the keystone investor in two other licensed producers. The Company has a 22.9 percent stake in Cann Group Limited and a 17.62 percent stake in The Green Organic Dutchman Ltd. Aurora has options to increase to majority ownership. In addition, Aurora owns a 9.14 percent stake in CTT Pharmaceutical, a product development company in the cannabis space.

Aurora also owns 51 percent of Aurora Nordic. This company will be building a 1,000,000 square foot hybrid greenhouse in Odense, Denmark. Moreover, Aurora Cannabis holds a 25 percent ownership interest in Alcanna, Inc. (CLIQ). CLIQ is one of Western Canada's largest retail chains of liquor stores that are developing a cannabis retail network in Western Canada.

Aurora Cannabis has a new product line called Aurora Frost. The new dried cannabis product line represents the highest potency offering of any Aurora Cannabis product launched to date at greater than 35 percent THC. Aurora Frost products are produced from premium whole flower.

This week, Aurora Cannabis announced that its acquisition of Anandia Laboratories, Inc. is now complete. The earlier announced arrangement, under the provisions of the Business Corporations Act ( British Columbia ), means that among other things, Aurora Cannabis has now acquired all of the issued and outstanding shares of Anandia Laboratories in an all-share transaction.

Anandia Laboratories is a world-leading cannabis-centered science company. It specializes in genomics, metabolite profiling, plant breeding, disease characterization, and cultivar certification. It also provides testing services to producers and patient-cultivators.

Today, Aurora Cannabis announced, in connection with the spin-out of its subsidiary Australis Capital, Inc., Australis received a receipt for its Final Prospectus dated August 14, 2018. Receipt of the Final Prospectus will allow Aurora's Board to set the Record date of the transaction that the Company expects the Board will announce within the coming days. Furthermore, Australis Capital received conditional approval to list its shares and warrants on the Canadian Securities Exchange (CSE) and completed an oversubscribed private placement for proceeds of $17 million.

Aurora Cannabis, Inc. (ACBFF), closed Friday's trading session at $4.97, up 4.63%, on 2,400,852 volume with 4,596 trades. The average volume for the last 60 days is 1,727,134 and the stock's 52-week low/high is $1.90/$12.30.

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Atacama Resources International, Inc. (ACRL)

OTC Markets and MarketWatch reported on Atacama Resources International, Inc. (ACRL), and we report on the Company as well, here at the QualityStocks Daily Newsletter.

Atacama Resources International, Inc. has significant mining claims in the greater Kirkland Lake area of Northern Ontario. Metals and minerals under potential exploration include gold, silver, diamonds, graphite and cobalt. Additionally, major deposits of copper and iron ore are included in the mining claims. Atacama Resources International is based in Plantation, Florida.

Concerning Minerals, Atacama Resources International has manifold claims on 4460 acres in the Kirkland Lake and other areas of mineral-rich northern Ontario. The Company’s initial line of business is a combination of mining, acquisition, and development of mining interests in the Kirkland Lake area.

The Company is also involved in a new line of business, which it says will make the highways of the United States and Canada safer and saves lives in the process. Atacama Resources International, as part of its expansion portfolio, has acquired Good2Drive™, Inc. Good2Drive, Inc. is a wholly-owned subsidiary of Atacama Resources International.

Good2Drive™ is an entity that has the rights to an application (app) that detects levels of cognitive awareness and reports those levels in accordance with the users' demands and requirements. The Company’s technology business includes the unique Smartphone application Good2Drive and also follow on products that will be released later this year and in 2018.

Atacama Resources International announced in April of this year that it released Good2Drive, the mobile application that enables drivers, corporate fleets, and law enforcement to test a driver's cognitive alertness before getting behind the wheel of a motor vehicle. Good2Drive utilizes a 60-90 second image matching test employing a patented algorithm, which was created based on the scientific study of cognitive abilities at various West Coast hospitals and universities.

Good2Drive’s commitment is to providing Smartphone hosted applications based on its proprietary testing for cognitive awareness. Its set of Smartphone hosted app's will include cognitive tests for care givers, seniors with impairments, remote employees in potentially hazardous environments, and other situations where it is necessary to be cognitively alert.

Atacama Resources International has released a test version of Good2Drive Fleet. Good2Drive Fleet includes the Good2Drive test released in July. Furthermore, it adds a vital 'Results Dashboard' for fleet operators. This provides a strong new safety tool to support realistic management of hundreds or even thousands of drivers in their fleets.

Today, Atacama Resources International announced that it engaged Canadian Exploration Services Ltd. (CXS) to conduct a geological evaluation of the Company’s Cabo property. The Cabo property consists of Mining Claim 4225513, positioned in the Township of Lorrain in the heart of all the high-profile cobalt activity surrounding the historic mining town of Cobalt, Ontario.

Mr. Glenn Grant, Atacama Resources International’s Chief Executive Officer, said, "I am very excited to have a firm with the credibility and credentials of CXS to be handling this next stage of exploration on the Cabo Property. It is right in the middle of all the recent mining exploration activity being conducted for cobalt, so we are eager for this report to be completed. The Cabo property was previously mined for silver, and we believe that cobalt was also prevalent at that time.”

Atacama Resources International, Inc. (ACRL), closed Friday's trading session at $0.0004, up 33.33%, on 12,000 volume with 2 trades. The average volume for the last 60 days is 4,273,919 and the stock's 52-week low/high is $0.0003/$0.02.

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Sprott, Inc. (SPOXF)

StreetInsider, Stockhouse, InvestorsHub, Stock Gumshoe, Stockwatch, 4-Traders, The Street, and Tip Ranks reported on Sprott, Inc. (SPOXF), and today we choose to highlight the Company, here at the QualityStocks Daily Newsletter.

Sprott, Inc. provides investors with access to highly-differentiated precious metals and real assets investment strategies. A global asset manager, the Company’s best-in-class investment products include innovative physical bullion trusts, mining ETFs (Exchange-Traded Funds), and private equity and debt strategies.

Sprott is based in Toronto, Ontario. In addition, it has offices in Connecticut, Carlsbad, California, and Vancouver, British Columbia. The Company’s shares trade on the OTC Markets.

Sprott also partners with natural resource companies to meet their capital requirements via its merchant banking and resource lending activities. The Company was established in 1981 by Mr. Eric Sprott, an early champion of precious metals and real assets investing.

Today, Sprott serves more than 200,000 global clients. Furthermore, the Company has greater than C$11.5 billion in assets under management after the acquisition of Central Fund of Canada Limited.

Sprott’s unique capabilities allow it to provide flexible financing solutions across the mining life cycle. Its capabilities also allow it to match international investor demand with a strong pipeline of investment opportunities.

Regarding Wealth Management, Sprott provides wealth management services to U.S., Canadian, and international clients by way of its subsidiaries - Sprott US and Sprott Private Wealth.

Concerning Asset Management, the Company offers Sprott Physical Bullion Trusts, Sprott ETFs, and Actively-Managed Strategies. Pertaining to Resource Financing, Sprott has its Sprott Resource Lending, Sprott Capital Partners, and Sprott Resource Holdings.

Through its subsidiaries, the Company provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. Sprott offers mutual funds, hedge funds, and offshore funds, along with managed accounts. Moreover, the Company provides broker-dealer activities.

This week, Sprott announced its financial results for the three months ended June 30, 2018.

Mr. Peter Grosskopf, Sprott Chief Executive Officer, said, "The second quarter of 2018 was steady both in terms of our financial performance and ongoing investment in new growth initiatives. The Company's profitability continues to improve due largely to growth in our Exchange Listed Products business from the acquisition of Central Fund of Canada Ltd., as well as additional capital calls in our Private Resource Lending funds. On a normalized basis, Adjusted Base EBITDA increased by more than 40 percent during the quarter and more than 50 percent in the first half of the year."

Sprott, Inc. (SPOXF), closed Friday's trading session at $2.29, up 0.27%, on 317,469 volume with 369 trades. The average volume for the last 60 days is 139,684 and the stock's 52-week low/high is $1.6282/$3.29.

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Rebel Group, Inc. (REBL)

OTC Markets, InvestorsHub, Investing, 4-Traders, The Street, Stockhouse, GuruFocus, Simply Wall St, Awesome Penny Stocks, Barchart, WalletInvestor, and Penny Stock Hub reported on Rebel Group, Inc. (REBL), and we report on the Company as well, here at the QualityStocks Daily Newsletter.

Rebel Group, Inc., through its subsidiaries, organizes, promotes, and hosts mixed martial arts (MMA) events in China and Singapore. An MMA entertainment company, Rebel’s focus is on organizing, promoting and hosting MMA events, which attract talented fighters from around the world. Rebel Group is based in Singapore. Founded in May 2013, the Company is a subsidiary of Total Glory International Limited. Rebel Group lists on the OTC Markets Group’s OTCQB.

The Company produces and distributes its events through the internet and social media. It works to sell the rights to distribute videos of its MMA events to television stations.

Rebel Group operates under the Rebel Fighting Championship (Rebel FC) brand. Rebel Group carries out its operations through managing events, fighters, ticket sales, sponsorships, and pay-per-view purchases.

This past May, Rebel Group announced the viewership results of its MMA event, which took place in Shanghai, China on April 29, 2018. REBEL FC 7 – FIGHT FOR HONOUR was held on April 29, 2018 at the Kerry Hotel in Shanghai China. The event involved ten matches between fighters, which included a combination of Chinese and international fighters.

Approximately 1,500 viewed the event live. In addition, by way of Rebel Group's five major MMA & Sports professional media partners and nine broadcasting media partners, viewership of the tournament broke the Company's prior historical records. Television viewership reached 4,500,000 viewers.

Rebel FC hosts all its events with MMA stars from around the world. Its goal is to bring martial arts back to its birthplace – China. Through bringing the biggest fights to China, REBEL FC provides a platform for Chinese MMA fighters to excel on the world MMA stage by pitting them against the best international fighters.

Rebel creates global events featuring a line-up of legendary international stars. These include Miguel Torres of the U.S and Takeshi “Lion” Inoue of Japan, and also MMA champions from China including Liu Wenbo, Tang Kai, Wang Sai, Ning Guangyou and China’s No.1 ranked Bantamweight fighter and Rebel FC Champion, Ayideng Jumayi.

Rebel Group, Inc. (REBL), closed Friday's trading session at $3.00, even for the day. The average volume for the last 60 days is 61 and the stock's 52-week low/high is $1.25/$5.00.

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CIB Marine Bancshares, Inc. (CIBH)

MarketWatch and Stock Traders Chat reported on CIB Marine Bancshares, Inc. (CIBH), and today we are reporting on the Company, here at the QualityStocks Daily Newsletter.

CIB Marine Bancshares, Inc. operates as the bank holding company for CIBM Bank. The Bank provides banking and related services for small and middle-market business customers. CIB Marine Bancshares has its corporate headquarters in Waukesha, Wisconsin. The Bank also has offices in the Central and Northeastern Illinois, Milwaukee, as well as Indianapolis markets. Incorporated in 1985, CIB Marine Bancshares’ shares trade on the OTC Markets.

CIBM Bank operates as Marine Bank in its Indiana and Wisconsin markets, Central Illinois Bank in its central Illinois market, and Avenue Bank in its Chicagoland market. Situated in Naperville, Illinois, the Avenue Mortgage division of the Bank serves all CIBM Bank markets.

The Company operates by way of Banking and Mortgage Banking segments. It accepts demand, savings, and also time deposits.

The traditional banking services that CIBM Bank provides include a wide spectrum of loan products. These include commercial loans, commercial real estate loans, commercial and residential construction loans, one-to-four family residential real estate loans, consumer loans, and commercial and standby letters of credit. In addition, services provided include acceptance of demand, savings and time deposits; commercial paper and repurchase agreements, and other banking services.

Recently, CIB Marine Bancshares announced its results of operations and financial condition for Q2 of 2017. Net Income for Q2 was $1.0 million, or $0.06 basic earnings per share and $0.03 diluted earnings per share. For the six months ending June 30, 2017, Net Income was $1.9 million, or $0.11 basic and $0.05 diluted earnings per share.

Mr. J. Brian Chaffin, President and Chief Executive Officer of CIB Marine, said, "CIB Marine's second quarter improvement over the first quarter of 2017 reflects the higher level of earning assets and improved quality of our non-interest income with more coming from our core business activities as opposed to collection activities. Thirteen of the last fourteen quarters have been profitable at CIBM Bank, and this marks the sixth consecutive quarter of profits.”

CIB Marine Bancshares, Inc. (CIBH), closed Friday's trading session at $1.63, up 0.06%, on 2,500 volume with 5 trades. The average volume for the last 60 days is 7,430 and the stock's 52-week low/high is $1.35/$1.99.

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Glance Technologies, Inc. (GLNNF)

MarketWatch, Evergreen Caller, InvestorsHub, and Emerging Growth reported on Glance Technologies, Inc. (GLNNF), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.

Listed on the OTCQB, Glance Technologies, Inc. owns and operates Glance Pay. This is a streamlined payment system. It transforms how smartphone users choose where to dine, order food and drink, settle bills, access digital receipts, earn excellent rewards, and interact with merchants. Regarding the Glance Pay mobile payment app, there is no set up or cancellation fees and no system integration or connections required. Glance Technologies has its corporate headquarters in Vancouver, British Columbia.

The Company is building a valuable network of merchants and consumers. Glance offers targeted in-app marketing, social media marketing, customer feedback, in-merchant messaging, as well as custom rewards programs.

The Glance Pay mobile payment system comprises proprietary technology. This technology includes user apps available for free downloads in IOS (Apple) and Android formats, a merchant manager apps, a large-scale technology hosting environment with sophisticated anti-fraud technology, and very quick payment processing.

The Glance Pay mobile payment app works for full service restaurants, quick serve, retail, and more. It also features easy activation and training and easy automatic accounting and reconciliation, and fast payment deposits. Servers and managers can review transaction details.

This week, Glance Technologies announced that it agreed to license its mobile payment technology to Active Pay Distribution, Inc. for $1,000,000. This marks Glance Technologies’ entry into the fitness hand wellness market. With this deal, Glance Pay will create and provide the technology backbone for the Active Pay app that will serve the increasing fitness and wellness community. The app will be called Active Pay. It will be uniquely branded as Active Pay. However, it will be labeled as "powered by Glance Pay".

Additionally, merchants and users who sign up for the Active Pay app will be included in the Glance Pay app. Glance Technologies (in addition to the $1 million license fee) will receive a processing fee for transactions and a percentage of revenues generated via the Active Pay app.

Today, Glance Technologies announced that in-app digital offer concept marketing is now available to merchants and business partners. Users can redeem exclusive offers and discounts set by the retailer by way of the Company’s Deals Room directly on the Glance Pay app, lessening the need for expensive traditional paper deals, coupons, and expired email offers, while simultaneously providing creativity and flexibility for deals that are not feasible through traditional methods.

Users will continue to save time with Glance Pay by paying and leaving quicker. They now have offers to make speedier decisions on where to spend their time and money.

Glance Technologies, Inc. (GLNNF), closed Friday's trading session at $0.315, up 2.57%, on 240,163 volume with 77 trades. The average volume for the last 60 days is 492,124 and the stock's 52-week low/high is $0.1342/$3.20.

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Continental Energy Corp. (CPPXF)

TopPennyStockMovers, Streetwise Reports, and Agoracom reported previously on Continental Energy Corp. (CPPXF), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.

Continental Energy Corp. is an emerging developer of conventional and alternative energy capacity integrated with upstream and downstream petroleum supply within the Republic of Indonesia. Listed on the OTC Markets, the Company’s commitment is to developing hybrid renewable electrical power generation capacity and profitably operating mini-grid distribution networks in the huge, under-served markets of the fast-growing economies encircling the Indian Ocean Rim.

Established in 1984, Continental Energy is headquartered in Vancouver, British Columbia. The Company previously went by the name Continental Copper Corp. It changed its corporate name to Continental Energy Corp. in October of 1997.

The Company’s core competency exists in Indonesia. It has 30 years of experience in Indonesia. This has given Continental Energy the business relationships and local operating experience necessary to capitalize on the rising energy demand in this country.

In addition, Continental Energy has its business combination with the Ruaha River Power Company. This business combination provided instant entry into Tanzania. This is where the best-in-Africa commercial incentives for small scale renewable energy developers are in place to foster new supply of power to off-grid communities.

Last week, Continental Energy announced the filing on SEDAR of its audited consolidated financial statements and its management discussion and analysis for its Fiscal 2017 year ended June 30, 2017. Continental had a Loss from Operations of $439,606 during Fiscal 2017 versus a Loss from Operations of $473,289 during Fiscal 2016. This represents a decrease of $33,683, mainly because of lower professional fees and share-based payments.

The Company had a loss per share of $0.00 in both 2017 and 2016. Continental’s administrative costs were lower by $14,428 in 2017 versus 2016. This was chiefly because of reduced professional fees: 2017 - $376,842; and 2016 - $391,270. As at the end of this Fiscal Year 2017, Continental Energy’s Working Capital deficit was $1,721,256 versus a Working Capital deficit of $1,282,380 at the end of Fiscal 2016.

Continental Energy Corp. (CPPXF), closed Friday's trading session at $0.03, up 20.00%, on 40,000 volume with 1 trade. The average volume for the last 60 days is 4,234 and the stock's 52-week low/high is $0.0007/$0.05.

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The QualityStocks Company Corner

CytoDyn Inc. (OTCQB: CYDY)

The QualityStocks Daily Newsletter would like to spotlight CytoDyn Inc. (CYDY).

CytoDyn Inc. (OTCQB: CYDY) is a biotechnology company focused on the clinical development and potential commercialization of a new class of HIV/AIDS therapeutics or viral-entry inhibitors intended to protect healthy cells from viral infection. The company’s pipeline includes its lead product, PRO 140 for multiple indications among which are human immunodeficiency virus (HIV), graft-versus-host disease (GvHD), colon cancer, and multiple sclerosis (MS), each in various stages of development. CytoDyn’s first approval is focused on HIV indications for two different HIV populations.

CytoDyn Inc. (OTCQB: CYDY) is a biotechnology company focused on the clinical development and potential commercialization of a new class of HIV/AIDS therapeutics or viral-entry inhibitors intended to protect healthy cells from viral infection. The company’s pipeline includes its lead product, PRO 140 for multiple indications among which are human immunodeficiency virus (HIV), graft-versus-host disease (GvHD), colon cancer, and multiple sclerosis (MS), each in various stages of development. CytoDyn first approval is focused on HIV indications for two different HIV populations.

PRO 140 is a humanized monoclonal antibody directed at CCR5, a molecular portal that HIV uses to enter T-cells. PRO 140 works by blocking the predominant HIV (R5) subtype entry into T-cells by masking this required co-receptor, CCR5.

CytoDyn has completed one pivotal phase 3 clinical trials of PRO 140 use in combination with current drugs for population that has limited treatment options. PRO 140 is also currently in another phase 3 (investigative trial) for a second approval for another HIV population. HIV continues to be a major global public health issue. There is no cure for the disease that has claimed more than 35 million lives to date, according to the World Health Organization (“WHO”). In 2017, 940,000 people around the world died from HIV-related causes. There were approximately 36.9 million people living with HIV at the end of 2017 with 1.8 million people becoming newly infected during that same year. The WHO estimates there were 21.7 million people globally receiving antiretroviral therapy (“ART”) in 2017.

HIV targets the immune system and weakens the body’s defense systems against infections and some types of cancer. As the virus destroys and impairs the function of immune cells, infected individuals gradually become immunodeficient which results in increased susceptibility to a wide range of infections, cancers and other diseases that people with healthy immune systems can fight off. The most advanced stage of HIV infection is Acquired Immunodeficiency Syndrome (AIDS), which can take from 2 to 15 years to develop depending on the individual.

PRO 140 functions by blocking the HIV co-receptor CCR5, a molecular portal HIV uses to enter T-cells, thus preventing the HIV virus from entering the cell. CCR5 is a protein located on the surface of white blood cells that normally serves as a receptor for chemicals that attract immune cells to the site of inflammation. Clinical trials to date indicate PRO 140 does not interfere with these normal CCR5 functions. Results from phase 1 and phase 2 human clinical trials have shown PRO 140 significantly reduces viral burden in people infected with HIV. Importantly, in a recent phase 2b clinical trial, PRO 140 demonstrated it can allow a subset of R5 strain of HIV population to replace their current HIV regimen (Highly Active Antiretroviral Therapy or “HAART.”) by a simple sub-cutaneous self-injectable dose of PRO 140 which is administered once a week. Some of those patients have received PRO 140 as their only therapy for almost four years.

The PRO 140 antibody appears to be a powerful antiviral agent with hardly any side effects, toxicity. More than 500 patients have used PRO 140 in clinical trial and no resistance has ever been developed in any patients including patients in monotherapy of PRO 140 for almost four years.

PRO 140, which is taken as an easy-to-use, weekly, subcutaneous self-administered dose, has almost no side effects or toxicity with no report of any serious adverse event related to PRO 140 in more than 500 patients in eight different clinical trial.

As we indicated earlier patients given PRO 140 showed no drug resistance on monotherapy for some almost four years while 76% of HAART patients developed a resistance to some portion of the lifetime drug regimen. Patient compliance with HAART is also the main reason why only 35% of HIV patients in US reporting complete viral load (VL) suppression which is VL<50 cp/mL.

In addition to its research into the powerful potential of PRO 140 for use in HIV patients, CytoDyn is pursuing PRO 140 as a therapeutic anti-viral agent in other non-HIV indications that could benefit from PRO 140’s ability to block CCR5. These immunologic indications include new reactions to cancer, transplantation rejection, autoimmune diseases and chronic inflammation such as Multiple Sclerosis. The company sees the significant potential for multiple pipeline opportunities for PRO 140.

The U.S. Food and Drug Administration has designated PRO 140 as a “fast track” product for HIV and granted Orphan Drug Designation to it for the prevention of GvHD in transplant patients. CytoDyn has initiated its first clinical trial with PRO 140 in an immunological indication for GvHD in patients with acute myeloid leukemia (AML) or myelodysplastic syndrome (MDS) who are undergoing bone marrow stem cell transplantation. The company is also investigating PRO 140 in animal models of cancer progression and autoimmunity with positive results and has published its animal study results in GvHD in peer-reviewed journal.

CytoDyn president and CEO Nader Z. Pourhassan, Ph.D. joined the company in 2008 and is credited for purchasing PRO 140 from Progenics in 2012 and has taken a new path to approval for the product. He is the co-inventor of monotherapy path for PRO 140. He has taken PRO 140 development from phase 2 to Completed successful phase 3 in about four years. He now has more than 10 years of drug development experience and has overseen the rapid clinical development of PRO 140 as a therapy for HIV into two phase 3 for two different indications. He also initiated PRO 140 first immunological indication in GvHD (currently in phase 2). He is also involved in preclinical and clinical development of PRO 140 in additional immunological indications.?Dr. Pourhassan, who has more than 20 years of business development experience, has led CytoDyn’s capital market activities since joining the company in 2008. He received his Bachelor of Science from Utah State University, Master of Science from Brigham Young University, and his Ph.D. in Mechanical Engineering from the University of Utah and is the author of three books.

CytoDyn Inc. (CYDY), closed the day's trading session at $0.55, up 7.82%, on 524,906 volume with 165 trades. The average volume for the last 60 days is 316,718 and the stock's 52-week low/high is $0.40/$0.836.

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PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H)

The QualityStocks Daily Newsletter would like to spotlight PreveCeutical Medical Inc. (PRVCF).

Health sciences company PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) is tackling a topic that many people hesitate to bring up – anxiety disorders, including the devastating physical and emotional damage they cause and the social stigma that’s often associated with them. PreveCeutical’s newly created medicinal cannabis division is bringing the subject out into the open with one goal in mind: to create an effective, preventive treatment that combines the company’s Sol-gel (“Sol-gel”) nasal delivery platform with the beneficial properties of cannabinoids, a news release states (http://cnw.fm/2o90O).

PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE:18H), headquartered in Vancouver, British Columbia, Canada, is a health sciences company dedicated to researching and developing innovative options for preventive and curative therapies utilizing organic and Nature Identical™ products. The company is strategically staking out select positions in the medically acute areas of diabetes and obesity, pain management, neurological disorders and cancer.

PreveCeutical Medical Inc. had its beginnings in 2009 when Stephen Van Deventer, a seasoned businessman and venture capitalist, and Kimberly Van Deventer, a successful entrepreneur, met and formed a business partnership. The duo created Cornerstone Global Partners, a venture capital and business development company, and became involved in numerous ventures including building companies such as Aurora Cannabis Inc. Taking their interest in the health and wellness market further, the pair began researching how nature and science can work together to benefit health-conscious consumers. Coining and trademarking the word “PreveCeutical” – a combination of the words “preventive” and “pharmaceutical” – was a precursor to the company’s formation and incorporation in October 2015.

The company’s first product was developed in the Dominican Republic and is now marketed and distributed worldwide by PreveCeutical. It is a Caribbean Blue Scorpion venom product sold under the trade name CELLB9®. This product is an oral dilute solution infused with select peptides sourced exclusively from the blue scorpion (Rhopalurus princeps) found only in Caribbean nations. The active potentiated ingredients in CELLB9, which have been used in over 40 countries for over a decade, appear to support health at a deep, cellular level. PreveCeutical’s research team is using proprietary chemistry to generate Nature Identical™ peptides derived from natural compounds found in Caribbean Blue Scorpion venom with the goal of eventually treating, regulating and preventing cancer progression. Peptides are also being used to target an array of disease indications including metabolic disorders, pain management, cancers, cardiovascular and infectious diseases.

PreveCeutical is developing the first nose-to-brain delivery system of cannabinoids (CBDs) with a novel process that prepares insoluble drug-containing nano-micelles and successfully incorporating them into a proprietary sol-gels application, essentially creating a targeted drug delivery vehicle. Intended for use via a nasal spray, this unique formulation rapidly gels upon contact with mucosal tissue, which paves the way for direct nose-to-brain delivery. This novel application eliminates first pass metabolism (stomach, intestines, liver), potentially improving bioavailability and delivering extended time release formulations that may alleviate side effects of higher dosage therapeutics. This CBD-based patented formula is projected to be deployed in selected markets with licensed medical marijuana companies within 18 months.

PreveCeutical is working with four leading Australian research centers to develop a curative therapy for diabetes and obesity. This four-year program involves engineering a novel approach that selectively targets the gene that encodes for the protein PTP-1B, which is implicated and over-expressed in both type-2 diabetes and obesity. PreveCeutical’s gene-silencing technology would effectively “turn off” the genetic signal which leads to the over-production of this key protein molecule, bringing it back down to safe, normalized levels, and prevent the body from storing excessive fat. Diabetes kills one person every six seconds, with more than $800 billion spent globally on the disease.

Another exciting joint venture, established with Sports 1 Marketing, will focus on the therapeutic potential in the peptides and proteins connected to the Caribbean Blue Scorpion venom to potentially treat mild brain injury concussions. Developing a therapeutic product geared towards athletes who suffer from concussions could help alleviate suffering experienced by those who are affected by head trauma.

PreveCeutical Medical’s science and research team is led by Dr. Harendra (Harry) Parekh, Ph.D., who is based at the University of Queensland’s (UQ) Pharmacy Australia Centre of Excellence (PACE), and Dr. Makarand Jawadekar, Ph.D., whose 28 years of R&D experience with Pfizer Inc., is applicable in his role as chief science officer. Research collaborators include Dr. Rakesh Veedu, an emerging expert internationally in the field of molecular medicine, and Professor Grant Ramm, who is currently head of a leading medical research institute located in Brisbane, Australia.

PreveCeutical Medical is partnering with leading industry experts and companies in its quest to be a leader in the preventive health sciences sector. Its Research and Development partnership with UniQuest, the main commercialization company for the University of Queensland, provides PreveCeutical with the rights to all intellectual property arising from projects created under the agreement. PreveCeutical Medical Inc.’s management team brings an extensive portfolio of research experience, product development, deep corporate strategy and capital markets leadership to the company’s core.

PreveCeutical Medical Inc. (PRVCF), closed the day's trading session at $0.0271, off by 0.37%, on 192,475 volume with 30 trades. The average volume for the last 60 days is 613,032 and the stock's 52-week low/high is $0.002/$0.20.

Recent News

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Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX)

The QualityStocks Daily Newsletter would like to spotlight Foresight Autonomous Holdings Ltd. (FRSX).

Foresight Autonomous Holdings Ltd., systems (Nasdaq and TASE: FRSX) an innovator in automotive vision, today reported financial results for the second quarter of 2018. Foresight ended the second quarter of 2018 with $19.6 million in cash and short-term deposits, GAAP net loss of $1.49 million for the six months ended June 30, 2018, and non-GAAP net loss for the same period of $7.2 million.

Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX), founded in 2015 and headquartered in Israel, is a technological innovator in automotive vision systems and driver assistance technology. Through its wholly owned subsidiary, Foresight Automotive Ltd., Foresight is engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company’s powerful and patented stereoscopic technology is derived from field-proven technology that has been deployed throughout the world for almost two decades.

Foresight’s innovative autonomous driving solutions are based on mature, proprietary stereoscopic image technology that uses two synchronized cameras to mimic human depth perception and produce a three-dimensional image. This 3D image can anticipate possible collisions with other vehicles, cyclists, pedestrians and other obstacles. The technology provides highly accurate real-time alerts about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts.

The company’s patents provide IP protection for its robust and proven proprietary stereoscopic technology, which was developed using the security technology of Foresight’s major shareholder, Magna B.S.P.

Foresight has developed three main products:

  • QuadSight™. This breakthrough detection system sets the bar for autonomous vehicle vision. It features nearly 100 percent obstacle detection with almost zero false alerts and operates optimally under all weather and lighting conditions, including darkness, rain, fog, haze and glare. QuadSight™ is the first quad-camera multi-spectral vision solution of its kind, driven by advanced and proven image processing algorithms. The system consists of two sets of stereoscopic infra-red and visible-light cameras that enable highly accurate and reliable obstacle detection for seamless 24/7 vision.
  • Eyes-On™. This solution uses advanced algorithms for accurate depth analysis and obstacle detection to provide a unique stereo vision Advanced Driver Assistance System (ADAS). It can detect all potential obstacles regardless of shape, form or material, including other vehicles, cyclists, pedestrians and animals. It has an accuracy and reliability of almost 100 percent and near zero false alerts.
  • Eye-Net™. This is a cellular-based accident prevention solution that is designed to provide real-time pre-collision alerts to vehicles and pedestrians. This proprietary system is deployed on smartphones and cloud-based servers operating on existing cellular networks, and it eliminates the need for additional designated hardware. Eye-Net™ is designed to provide a complementary layer of protection to advanced driver assistance systems and extends this protection to road users who are not in direct line of sight. It is optimally designed for both urban environments and high-speed scenarios to provide protection for the most vulnerable road users. On March 28, 2018, Foresight announced that it had completed a successful feasibility study of its Eye-Net™ accident prevention solution involving 120 users of Android and iOS cell phones located across Israel.

In 2017, Foresight sought more opportunities within the international market. The Company signed pilot agreements with three leading car manufacturers in China and completed pilot projects meeting all pre-defined requirements and criteria. In addition, FRSX completed a pilot project with Uniti Sweden.

Studies by the Insurance Institute for Highway Safety continue to emphasize the dramatic reduction in accidents and injury-related crashes reported when vehicles are equipped with collision avoidance systems. A recent study by the Institute states that the rate of single-vehicle, sideswipe and head-on crashes was 11 percent lower in vehicles with the warning systems. More importantly, the study shows collision avoidance technology cut the rates of injury crashes of the same type by 21 percent.

Foresight Autonomous Holdings, Inc. also holds a 32 percent interest in RailVision, a company that develops advanced systems for railway safety and maintenance. RailVision has successfully completed 13 tests in Israel, Germany, Italy and Switzerland in addition to a real-time system test with a European railway operator. Over the course of 2017, RailVision successfully completed rounds of financing totaling $5.8 million and started the process of licensing the system according to European standards.

Haim Siboni is the founder of Foresight and has served as the company’s chief executive officer and director since 2015. Siboni, a passionate entrepreneur, has an extensive background in the marketing and business management sectors in the fields of electronics, video, TV, multimedia, computerized systems, line and wireless telecommunication, design and development of systems and devices, including electro-optic radar systems. He is the founder and CEO of Magna B.S.P., Foresight’s major shareholder and a leading innovator in the field of homeland security surveillance solutions.

Foresight Autonomous Holdings Ltd. (FRSX), closed the day's trading session at $2.82, up 6.21%, on 31,822 volume with 158 trades. The average volume for the last 60 days is 55,369 and the stock's 52-week low/high is $2.44/$8.20.

Recent News

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Sharing Services, Inc. (OTC: SHRV)

The QualityStocks Daily Newsletter would like to spotlight Sharing Services, Inc. (SHRV).

The “Elevate” product line distributed by Sharing Services, Inc. (OTC: SHRV) turns out to have been aptly named, as scrutiny of the company’s Annual Report (10-K), recently filed with the SEC, will reveal (http://nnw.fm/uZu1g).

Sharing Services, Inc. (OTC: SHRV), headquartered in Plano, Texas, is a diversified holdings company focused on reshaping how entrepreneurs succeed today. Sharing Services Inc. owns, operates or controls an interest in a variety of companies specializing in the direct selling industry that either sell products to the consumer directly through independent representatives or offer services that range from health and wellness, energy, technology, insurance services, training, media and travel benefits. SHRV has created the “Blue Ocean Strategy,” which melds three keys together to implement the company’s vision. These keys include elevating home-based entrepreneurs, known as “Elepreneurs,” utilizing the direct selling channel to generate 100 percent organic growth.

Sharing Services Inc. subsidiaries include:

  • A growing international network of home-based entrepreneurs, called “Elepreneurs”
  • Growing selection of health and wellness products dedicated to elevating the well-being of all people
  • Insurance from auto, home and life to health benefit discounts and health insurance that help families elevate their options
  • Wholesale travel and payment programs with travel concierges that empower more families to go on vacation
  • Live seminars and training events – from Vacationars™ to EduTainment – that elevate the skills and knowledge of entrepreneurs around the world
  • Unique compensation and reward programs crafted to help entrepreneurs elevate their health, wealth and happiness

Sharing Services recently expanded its corporate footprint by moving to a 10,000 square foot facility in Plano, Texas, that offers room to expand as the company grows and its subsidiaries flourish. The larger corporate locale provides space for a growing customer service department, product fulfillment, opportunity and training rooms, as well as a video production suite.

“The opportunity to expand to the rest of this new building over the course of the next six to 12 months ensures we won’t have to move again anytime soon,” Sharing Services Inc. Chairman Robert Oblon said. “We are on track for very significant growth here in the U.S., as well as upcoming international expansion, so this move is in preparation for what’s in front of us.”

The company recently signed a joint venture agreement with Health Wealth & Happiness Limited (“HWH”) to expand its “Elepreneurs” brand and market its products throughout Asia. The newly formed company will be named “Elepreneurs Asia Limited” and will have marketing and sales rights to China, Hong Kong, Macau, South Korea, Japan, Taiwan, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand, Vietnam and Papua, New Guinea. A soft launch of the Elepreneur program is scheduled sometime later in 2018 with HWH CEP Fai Chan and his team leading the effort. Formed in Hong Kong, Health Wealth & Happiness Limited is dedicated to working with visionary partners like Sharing Services Inc. to deliver the best products and services to improve the well-being of consumers.

Nearly 1,000 people attended Sharing Services, Inc.’s first “Elepreneur Happiness Convention,” held March 2-3, 2018, in Dallas, Texas. Attendees arrived from several countries including the U.S., Canada, Mexico, Singapore and Hong Kong. Keynote speakers included several internationally known motivational leaders –  Shawn Achor, Sandra Yancey, John Fleming and Les Brown – who provided exceptional material and inspirational discussion points.

“The enthusiasm of our attendees and the early success that we are experiencing is incredible considering our growth has been 100 percent organic, with almost no marketing from the company,” Oblon said. “I’m speechless by the dedication of our Elepreneur leaders and their entire teams, as they share our incredible line of products that have helped so many people.”

Sharing Services and its management team plan to travel the U.S. to hold several mini conferences to expand on the messages presented at its Happiness Convention that focus on helping people become “healthier, happier and wealthier.” Details of the company’s aggressive global expansion initiatives are soon to be announced, Oblon said.

The law firm of Gardere Wynne Sewell LLP has been retained as outside corporate counsel for all general business matters. The Dallas-based law firm will represent Sharing Services, Inc., and its subsidiaries as the company utilizes the direct selling channel for a significant component of its overall growth strategy.

John “JT” Thatchwas appointed president and chief executive officer of Sharing Services, Inc., at a March 1, 2018, annual shareholder meeting. Thatch has successfully started, owned and operated several sized businesses in various industries. His experience with corporate growth, acquisitions, financing and negotiation in fast-paced and flexible environments will significantly assist Sharing Services Inc. as the company aims to expand and increase revenues.

Sharing Services, Inc. (SHRV), closed the day's trading session at $0.34, up 6.25%, on 21,205 volume with 3 trades. The average volume for the last 60 days is 19,868 and the stock's 52-week low/high is $0.125/$0.95.

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Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP)

The QualityStocks Daily Newsletter would like to spotlight Lexaria Bioscience Corp. (LXRP).

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Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) has developed and out-licenses its proprietary technology for improved taste, rapidity, and delivery of bioactive compounds, including cannabinoids. Though boasting a wide range of health benefits, cannabinoids are traditionally poorly absorbed by the body’s gastrointestinal tract. To achieve higher effectiveness, consumers usually default to smoking. Lexaria provides a superior administration method by delivering hemp oil ingredients – or through locally licensed partners, cannabis oil ingredients – through a patented process within food products.

The key differentiator between Lexaria’s products and others on the market is the company’s disruptive technology proven to enhance the absorption of orally ingested cannabinoids while improving the “unusual” taste of cannabinoids and allowing for lower overall dosing with higher efficacy. Lexaria is primarily a B2B enterprise, and is in licensing discussions or has existing agreements with companies in Canada, the largest-market states in the USA, and internationally. Lexaria has also developed its own brands partly for demonstration purposes, utilizing its patented technology to infuse hemp oil ingredients within lipids in popular foods. These brands include ViPova™, Lexaria Energy Foods, and TurboCBD™.

In 2015, Lexaria commissioned an independent, third-party lab to test its technology under carefully monitored in vitro conditions. Results showed that the company’s technological process and lipid formulation both improve intestinal absorption as much as 500%. Additional follow-up studies in human volunteers suggested that Lexaria’s processed, lipid-infused tea may be more effective in an actual gastrointestinal system than in an in vitro simulation with results indicating as much as a 1,000% increase in overall absorption.

Lexaria also has an R&D partnership with the Canadian government’s National Research Council. That R&D is expected to characterize molecular bond formation theorized to occur with Lexaria’s unique technology between the lipid delivery agents and the bioactive substances it processes and combines. Results from this R&D are expected to support accelerating B2B relationships – not just in the cannabis industry, but also to support new B2B business relationships in the fields of vitamins, NSAIDs, and nicotine delivery. All of these sectors expected to offer additional future growth potential.

Aside from testing, a critical component of Lexaria Bioscience’s business model is a strong intellectual property portfolio that utilizes the most commonly used food processing techniques. As of 2017, the company’s patent portfolio includes 19 patent applications filed and pending in more than 40 countries around the world. The most recent patent applications expand Lexaria’s lipophilic food and beverage composition claims to include the processing of cannabinoids, vitamins, NSAIDs and nicotine in many of the world’s most commonly used food processing ingredients. Lexaria is expecting additional new patent awards both in the USA and internationally in 2017 and 2018.

Royalties play a vital role in Lexaria’s revenue-generating business model. The company out-licenses its technology (royalty) to third party partners, and has several deals signed and/or pending. The company’s growth initiatives are guided by a management team headed by CEO Chris Bunka, a serial entrepreneur who has raised more than $50 million in working capital for the companies he has led over the course of his career. He is supported by a team of professionals with extensive experience in pharmaceutical and bioscience sectors, invention, toxicology, consumer goods, and other relevant skillsets.

Lexaria Bioscience Corp. (LXRP), closed the day's trading session at $1.79, up 4.68%, on 186,044 volume with 257 trades. The average volume for the last 60 days is 228,125 and the stock's 52-week low/high is $0.322/$2.54.

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SinglePoint, Inc. (OTCQB: SING)

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

MoneyTV is the internationally syndicated television program all about money and what makes it happen, (http://www.moneytv.net), featuring informative interviews with company CEOs and executives, providing insights into their operations and outlooks for their futures. Singlepoint, Inc. (OTCQB: SING) CEO Greg Lambrecht said their Form 10 effective status was imminent on the latest broadcast of MoneyTV with Donald Baillargeon.

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

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

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

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

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

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

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

SinglePoint, Inc. (SING), closed the day's trading session at $0.03444, up 3.42%, on 2,426,684 volume with 162 trades. The average volume for the last 60 days is 6,269,137 and the stock's 52-week low/high is $0.0235/$0.133.

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NUGL Inc. (OTC: NUGL)

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

NUGL Inc. (OTC: NUGL), the cannabis industry’s new standard of technology, does more than help cannabis consumers and business owners find each other; its platform is the first software application that reaches beyond the basics and offers sophisticated, in-depth marketing and networking capabilities to the entire 420 community. The metasearch engine and online directory built into NUGL’s mobile app provides freedom of information and movement for the cannabis industry as it leaves behind the shadows and rapidly grows into a mainstream economic and cultural force.

NUGL Inc. (OTC: NUGL) is focused on leading the evolution in business relations, development and organic data in the cannabis industry with a distinct platform. In this effort, it has developed a leading-edge, first of its kind search app and online directory for the marijuana industry that provides a one-stop source and listings for dispensaries, strains, doctors, lawyers, service professionals, vape shops, hydro stores and brands.

Headquartered in Chino Hills, California, which is home to a projected $5 billion legal marijuana marketplace, NUGL is on track to become a major asset for the global cannabis industry and related services sectors. The company recently established a strategic partnership with Thinklogic and appointed CEO Chris Adams to NUGL’s growing board of directors. Thinklogic is a top-level software development company specializing in projects for start-ups to Fortune 500 companies.

“This strategic partnership puts NUGL in a distinguished class, adding a first-rate technical software expert like Chris gives NUGL a unique technological advantage,” said Brandon Vargas CEO of NUGL. “With the addition of Chris’s knowledge and expertise combined with Thinklogics’ experienced and skilled staff, NUGL will have the ability to evolve and build a strong infrastructure unmatched in the 420 industry.”

NUGL is nearing completion of its initial launch timeline, with plans to launch the app on both Android and iOS platforms within the next few weeks. NUGL’s live testing of its software includes enhanced reviews that detail up to 10 category ratings. Each of the category rankings allow users to leave comments and choose among a 5-star rating among all categories or as few as they wish. The software’s rating platform allows for customization and transparency for users while providing invaluable feedback to shops and professional services.

“This is a major feature that is critical to our community,” said Jeff Odle, NUGL’s CTO. “Enhanced ratings will be a definitive difference validating our organic listings and raising the standard for the industry. We want the users to know what they are getting before they step into a store or sign up for a service.”

Leadership Team

NUGL is growing its team of developers and launching new features on an ongoing basis. The company is ahead of an impressive timeline, which includes building blocks for scalability and massive growth.

“Everything we do is focused on user experience. Our philosophy is simple – make it fun and easy to use, with the purest and most unbiased results,” said Ryan Bartlette, NUGL CMO. “As the industry evolves and becomes more sophisticated, NUGL will adapt and build the best marketing technology for the cannabis-related companies. We have gotten in on the ground level and know the pulse of the industry.”

NUGL CEO Brandon Vargas is a founding member of G6 Management, a full-service consulting firm advising cannabis professionals in all aspects of business. With over 10 years’ experience in the cannabis space, he has worked on dispensary, cultivation and infusion entity formation, licensing, real estate acquisitions, construction and build out, marketing, policy and procedures, compliance, staffing, and capital raises. Vargas has an extensive background working with various medical marijuana companies on investment and in developing greenhouse and commercial cultivation, distillate for vapes cartridges, CBD oils and infusions.

CMO Ryan Bartlette is co-founder and CMO of 23Forty LLC and Boxy. He has expertly positioned and branded many companies while bringing them to market and is a sought out graphic artist, front-end developer, photographer, and visual artist with experience in the entertainment and technology industry.

Jeff Odle, NUGL CTO, is a successful senior software architect has a long and distinguished career developing some of the most innovative, cutting-edge platforms available. His unique and distinctive approach to creating the blueprint for advanced programming is industry leading and unprecedented. He is a top-level architect responsible for developing some of the most forward-­looking software for various industries.

NUGL’s board of directors includes John R. Armstrong, a founding partner of Horwitz + Armstrong, a full service general business firm handling all aspects of litigation and business strategy and advice. Armstrong and his partner, Lawrence Hortwitz, have more than 10 years of experience in the cannabis space, representing cannabis professionals in all aspects of business including business formation, licensing, compliance with local and state regulations, real estate acquisitions, corporate mergers and acquisitions, financing, inclusive of capital raises and alternative financing, contracts, and all forms of dispute resolution.

Board member Hendrik Klein, founder of Da Vinci Asset Management, a privately-owned investment firm, serves as CEO and executive board member of Fritz Nols AG, a capital marketing consulting firm specializing in trading and asset management. Klein has received several industry awards including the Austrian Hedge Fund Award, the German Hedge Fund Award, and most recently was named the Global Best Performing Systematic Quantitative CTA. Klein and the Da Vinci team employ the latest quantitative data research and analysis in their innovative investment strategy.

NUGL Inc. (NUGL), closed the day's trading session at $1.40, even for the day, on 47,904 volume with 70 trades. The average volume for the last 60 days is 117,311 and the stock's 52-week low/high is $0.405/$1.80.

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Net Element (NASDAQ: NETE)

The QualityStocks Daily Newsletter would like to spotlight Net Element (NETE).

A series of optimistic developments for payment tech processor Net Element, Inc. (NASDAQ: NETE) has led independent equity research firm SeeThruEquity to issue an update of its coverage on the company (http://ccw.fm/BQW1p).

Net Element (NETE), is a global financial technology and value-added solutions group that supports electronic payments acceptance in an omni-channel environment spanning across point-of-sale, e-commerce, and mobile devices. Net Element operates a payments-as-a-service transactional model and value-added services platform for small to medium enterprises in the U.S. and selected emerging markets. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500 ™ and South Florida Business Journal’s 2016 fastest growing technology companies.

Net Element believes the future of global commerce is being revolutionized as consumers quickly migrate toward omni-channel shopping utilizing mobile devices, desktop, and online services. Net Element’s all-in-one payment solutions support and unify a whole range of applications through a single, robust platform, allowing global onboarding and support for multiple payment methods.

Net Element has also launched a new blockchain-focused business unit that will develop and deploy blockchain technology-based solutions. Net Element expects the new division to create a decentralized crypto-based ecosystem that will act as a framework for an unlimited number of value-added services, connecting merchants and consumers in a seamless, economically efficient transaction. This new business unit intends to also identify and invest in unique projects that decentralize and disrupt the payment processing industry by combining blockchain technology and real-world applications with talented development teams, strong fundamentals and addressable markets large in size.

“We believe that we’re at the dawn of a new evolution where additional digital payment methods are being introduced,” Net Element CEO Oleg Firer, says. “Introduction of our division focused on blockchain as part of the NASDAQ-listed entity will add transparency and compliance assurance to our investors as well as provide access to deploy value-added services to over 20 million electronic commerce clients that are currently part of Net Element’s growing network.”

Net Element clients are treated to customized solutions that provide the flexibility needed to keep up with customers. Among the services offered are mobile payment apps that accept payments anywhere, anytime; cloud-based solutions built to increase productivity and enhance revenue for clients and partners; marketing solutions that turn lookers into buyers; and business analytics that make it easy for clients to monitor business metrics, engage with customers and compare the competition. Its multi-channel platform combines e-commerce, offline, point-of-sale, comprehensive back office tools, mobile point-of-sale, credit scoring and customer interaction in one powerful platform-as-a-service technology.

Net Element owns and operates a global mobile payments and transactional processing provider, TOT Group, Inc., with the following subsidiaries:

  • Unified Payments – An award-winning, customized mobile billing and payments solution, recognized by Inc. Magazine as the No. 1 Fastest Growing Company in America in 2012.
  • Digital Provider – A leading provider of SMS messaging and mobile billing solutions.
  • Aptito – A next-generation, all-in-one, cloud-based restaurant management and point-of-sale payments platform using wireless technology.
  • Payonline – A fully integrated, processor agnostic electronic commerce platform.

Net Element is ranked No. 418 on Deloitte’s 2017 Technology Fast 500™ list of North America’s 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies. Net Element grew 190 percent. The company’s chief executive officer, Oleg Firer, credits the company’s progression to organic growth in its North America Transactions Segment, specifically the success of its Unified Payments brand, which focuses on value-added payment acceptance solutions for small to medium enterprises in the United States.

“The Deloitte 2017 North America Technology Fast 500 winners underscore the impact of technological innovation and world class customer service in driving growth, in a fiercely competitive environment,” said Sandra Shirai, vice chairman, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “These companies are on the cutting edge, and are transforming the way we do business.”

Net Element’s suite of application performing interfaces (APIs) and connectors power commerce for businesses of all sizes through multi-channel platforms, all-in-one digital solutions, and end-to-end encryption of cardholder data utilizing tamper resistant hardware that ensures integrity and simplifies security.

Net Element’s corporate team is led by director and CEO Oleg Firer, who is responsible for the overall vision, strategy and execution of the company’s mission of powering global commerce. He is joined by CFO Jeffrey Ginsburg, CPA, and Steven Wolberg, who is the company’s chief legal officer and secretary. Each corporate officer brings a unique blend of leadership, vision, experience and creative energy to the company.

From mobile payments and value-added transactional innovations such as Digital Provider and Aptito to e-commerce and retail payment transaction processing brands like Payonline and United Payments, Net Element is transforming the online and mobile experience.

Net Element (NETE), closed the day's trading session at $6.87, off by 2.14%, on 69,447 volume with 208 trades. The average volume for the last 60 days is 122,527 and the stock's 52-week low/high is $2.556/$33.51.

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First Cobalt Corp. (TSX-V: FCC) (OTCQX: FTSSF)

The QualityStocks Daily Newsletter would like to spotlight First Cobalt Corp. (FTSSF).

Cobalt’s rising star in the metal commodities market and the potential fast-track-to-production resources of First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) appear to be a rock solid marriage of preparation and opportunity within the exploration industry.

First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF), with headquarters in Canada, is the largest land owner in the Cobalt Camp in Ontario with control of over 10,000 hectares (nearly 25,000 acres) of prospective land and 50 historic cobalt/silver mines. The company’s assets include a mill and the only permitted cobalt extraction refinery in North America capable of producing battery material, providing an integrated solution for cobalt projects. First Cobalt began drilling in the historic Cobalt Camp in 2017 and seeks to build shareholder value through new discovery and growth opportunities.

First Cobalt’s 2018 $C7 million drilling program, which includes testing different styles of mineralized areas throughout the Cobalt Camp in more than 10 past-producing mines known to contain cobalt, is a significant expansion over its 2017 exploration activities. The company received positive test drill results from the Bellellen mine location, with early results confirming the presence of high-grade cobalt and nickel, prompting First Cobalt to increase its drilling program at that site. A prospecting sampling program of existing muckpiles around the camp’s historic mines, trenches, pits and surrounding bedrock could provide an early production scenario.

First Cobalt Corp. is moving quickly to leverage its potential against an economic background that estimates global consumption for refined cobalt is set to grow at an average rate of approximately 5 percent per annum for the next 10 years. The electric vehicle market, in particular, is driving this sector since more than 50 percent of the world’s current production of cobalt is used in the manufacture of rechargeable lithium-ion batteries. The global lithium-ion battery market, as estimated by Zion Market Research, indicates the value at around USD $31 billion in 2016 and is expected to generate revenue of nearly USD $68 billion by end of 2022, growing at a compound annual growth rate of slightly above 17 percent.

First Cobalt is embracing innovation in the mining sector, utilizing a digital compilation of 100-plus years of mining and geological data spanning the historically prolific Cobalt Mining Camp’s lifespan. First Cobalt’s management team is also assessing the ability of artificial intelligence to accelerate the discovery cycle. As a member of the Mineral Exploration Research Centre (MERC) and Metal Earth Project, First Cobalt conducts regional geophysical surveys for geological interpretation of structures controlling cobalt-silver mineralization.

The company’s clear pathway to production and cash flow generation includes being one of only four fully permitted cobalt extraction refineries in Canada with significant material and processing infrastructure on site. With the price of cobalt increasing significantly and its importance in the growing battery market underpinning a strong long-term demand forecast, First Cobalt Corp. and its mining interests are primed for success.

First Cobalt Corp. President and CEO Trent Mell, a mining executive and capital markets professional with extensive international transactional experience, is joined by a team of reputable and seasoned deal-makers, mine builders and mine operators with decades of global experience in exploration, business development, geoscience, engineering and finance.

First Cobalt Corp. (FTSSF), closed the day's trading session at $0.212, off by 1.58%, on 173,884 volume with 51 trades. The average volume for the last 60 days is 249,683 and the stock's 52-week low/high is $0.1983/$1.3041.

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

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

Petroteq Energy Inc. (TSX-V:PQE; OTC:PQEFF; FSE: A2DYWC), a fully integrated oil and gas company, is excited to announce that it has engaged MetzOhanian, a software engineering firm based in Austin, Texas, to develop blockchain applications for PetroBLOQ.

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

Petroteq Energy is also participating in a blockchain initiative aimed at solving the global transaction needs of the oil and gas industry through the development of PetroBLOQ, the Company’s collaboration formed with First Bitcoin Capital Corp. (OTC: BITCF). PetroBLOQ’s novel blockchain-based oil and gas supply chain management platform is currently being co-developed by the two companies.

PetroBLOQ recently joined the Enterprise Ethereum Alliance (“EEA”), the world’s largest open-source blockchain initiative. Membership with the 200-member EEA represents a wide variety of industries and offers 14 industry-focused, member-driven working groups.

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

In addition, Petroteq has joined the American Petroleum Institute (API). The API is the only national trade association representing all facets of the oil and natural gas industry, promoting safety across the industry globally and influencing public policy in support of a strong, viable oil and natural gas industry. “API has led the development of operating standards for our industry, and we look forward to contributing our experience with oilfield technologies in addition to introducing our PetroBLOQ platform to its members throughout the supply chain,” Blyumkin previously stated.

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

The Company’s Asphalt Ridge mineral lease on 3,000-plus acres in northeastern Utah features a large contingent oil sands resource base with an estimated 87 million barrels of oil equivalent. In 2015, the company produced 10,000 barrels of oil from the Utah location and plans to increase production are underway. Utah holds over 32 billion barrels of undeveloped oil sands resources, which are also known as “oil-wet” deposits containing a mixture of sand and a dense, extremely viscous form of petroleum referred to as bitumen or tar. A recent upswing in developing domestic energy sources has intensified interest in technological advances such as Petroteq’s Liquid Extraction System.

The company’s Texas location includes an ownership interest (46%) in 7,000 acres under mineral leases with Accord, a Houston-based oil and gas exploration company that focuses on the development and recovery of heavy oil reserves and deposits. Two enhanced, licensed oil recovery technologies designed to increase oil recovery from more than 80 shallow oil wells on the property are expected to substantially improve the recovery rates of heavy oil deposits in this area. In both the Utah oil sands and traditional oil patch Texas project, the Company, its subsidiaries and Accord are using proprietary technologies, processes and methodologies to recover heavy oil, providing a distinct, strategic economic advantage for Petroteq Energy and its shareholders.

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

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

Petroteq Energy Inc. (PQEFF), closed the day's trading session at $1.17, up 3.54%, on 1,002,759 volume with 680 trades. The average volume for the last 60 days is 345,802 and the stock's 52-week low/high is $0.025/$0.3911.

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ChineseInvestors.com (OTCQB: CIIX)

The QualityStocks Daily Newsletter would like to spotlight ChineseInvestors.com (CIIX).

MoneyTV is the internationally syndicated television program all about money and what makes it happen, (http://www.moneytv.net), featuring informative interviews with company CEOs and executives, providing insights into their operations and outlooks for their futures. ChineseInvestors.com, Inc. (OTCQB: CIIX) CEO Warren Wang reflected on the recent surge in stock value and trading volume.

Founded in 1999, ChineseInvestors.com (OTCQB: CIIX) has become a leading financial information website for Chinese-speaking investors in the United States and China. Recognizing unprecedented opportunities in the U.S. cannabis industry, CIIX is also laying the groundwork to capitalize on growing demand for cannabidiol (CBD)-based nutrition and health products.

Through its primary website, www.ChineseInvestors.com, CIIX offers a variety of investor education products and services, including real-time market commentary, analysis and educational related services in Chinese language character sets; consultative services to smaller private companies considering becoming a public company; and advertising and public relations related support services.

At the center of this initiative is the ChineseInvestors Method, a unique integration of a disciplined investing process, web-based tools, personalized instructions and support. Using this strategy, CIIX provides reliable market information to help investors make informed investment decisions and meet their individualized financial goals.

CIIX is also leveraging its financial expertise to enter into the burgeoning CBD industry, which within a few years has grown from a relatively invisible sector to a billowing market expected to reach $2.1 billion in consumer sales by 2020.

The increasing demand for CBD-based products is a catalyst for innovative business endeavors. To this accord, CIIX has established a three-year development plan to capitalize on the convergence of CBD and the nutrition and health products market in mainland China, where the benefits of CBD oil have not been widely recognized.

Under a wholesale agreement with a reputable CBD health brand, CIIX is launching the world’s first online CBD health products store published in the Chinese language. The site, www.ChineseCBDoil.com, caters to a growing number of Chinese people awakening to the numerous health benefits of CBD oil for treatment of a variety of conditions such as anxiety, stress, poor sleep, Alzheimer’s disease, and more. CIIX expects to launch this website at the end of January 2017, and plans to sell CBD-infused products via online and in-store.

In conjunction, CIIX’s cannabis-focused “Yelp”-style mobile app is in development as a platform for Chinese people to review and discuss various cannabis products. The app will be the first marijuana social media mobile app designed for Chinese-speaking customers worldwide.

ChineseInvestors.com (CIIX), closed the day's trading session at $0.60, off by 10.45%, on 752,890 volume with 360 trades. The average volume for the last 60 days is 164,834 and the stock's 52-week low/high is $0.365/$1.58.

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TMSR Holding Company (NASDAQ: TMSR)

The QualityStocks Daily Newsletter would like to spotlight TMSR Holding Company (TMSR).

TMSR Holding Company (NASDAQ: TMSR), together with its subsidiaries, is a recognized leader in the research, development, production and sale of solid waste recycling systems and zero emissions process systems, for the industrial and mining sectors in the People’s Republic of China. The company operates through its wholly owned business divisions: Shengrong Environmental and Wuhan HOST Coating Materials.

TMSR’s Shengrong subsidiary designs, builds, sells and services customized solid waste recycling systems and equipment for some of the largest industries in China. The company provides customers full-service, tailor-made systems from conceptual design to planning, production, modernization, optimization, assembly, start-up, conversions, disassembly, maintenance and servicing of components to complete zero emissions solid waste recycling and process systems.

Utilizing what management believed to be the world’s most advanced technologies of physical magnetic industrial solid waste recovery, Shengrong can process a variety of industrial solid waste materials and is able to extract valuable metal byproducts from the waste without generating any chemical pollution. Shengrong’s patented equipment can process aluminum slag, copper mine tailings, iron mine tailings, red mud manganese tailings, and molybdenum tailings among many others. Unlike traditional chemical-based recovery methods, the company extracts resalable metals from the waste without generating any pollution. The residues are processed to manufacture high-quality construction materials, turning polluted solid waste into valuable industrial materials with zero discharge.

Industrial solid waste recycling and heavy metal removal are significant worldwide technical, financial and environmental issues. Through Shengrong, TMSR is addressing this profound unmet market need by delivering end users a clean alternative to traditional waste disposal. The company intends to leverage these serious unmet needs, expand its patented industrial waste recycling systems to broad international markets, and provide global industrial and mining businesses cost-effective, patented green technology platforms that create new-found revenue streams for end users.

Through Shengrong, TMSR owns two U.S. patents and five patents granted by the Peoples Republic of China, including four invention patents and two utility model patents. The company’s research and development efforts have achieved technological advancements that allow end users to eliminate pollutant discharge as well as generate new revenue streams by selling valuable byproducts extracted from industrial waste.

TMSR subsidiary, Wuhan HOST Coating Materials, is the largest manufacturer of inorganic Zinc-rich resin and one-component epoxy Zinc-rich resin in China. Established in 2010, Wuhan HOST is a leader in the research and development, production and sale of Zinc-rich coating materials throughout the PRC and has a broad customer base that includes some of the foremost enterprises in major industries such as electricity, metallurgy, machinery, chemicals, bridge and shipping. TMSR completed the acquisition of 100% equity interest in Wuhan HOST Coating Materials on May 1, 2018.

Notably, TMSR first went public as JM Global Holding Company, a Special Purpose Acquisition Company (SPAC) formed to effect a merger, asset acquisition or other business combination that had exceptional growth potential. After reviewing over 50 potential targets and completing due diligence and third party analysis, JM Global identified China Sunlong Environmental Technology Inc. and its wholly owned subsidiaries as the acquisition target. Upon closing the business combination, the company was re-named TMSR Holding Company Ltd.

Demand for TMSR’s products is expected to grow significantly due to Chinese policies that encourage mining and manufacturing companies to adopt “green” technology. Approximately 3 billion tons of industrial solid waste were generated annually in China between 2011 through 2015.  Currently, 95% of industrial solid waste in China is stored in special facilities and sites; however, the cost of storage, disposal and incineration of industrial solid wastes is high. TMSR is focused on exploiting this unmet need, providing end users in the solid waste recycling markets a clean alternative to traditional waste disposal, significantly reducing solid waste discharge into the environment and enabling end users to extract value from industrial waste materials.

TMSR Holding Company (TMSR), closed the day's trading session at $4.10, off by 4.65%, on 3,880 volume with 12 trades. The average volume for the last 60 days is 3,902 and the stock's 52-week low/high is $3.50/$10.3222.

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American Helium (TSX.V: AHE) (OTC: AHELF)

The QualityStocks Daily Newsletter would like to spotlight American Helium (AHELF).

American Helium (TSX.V: AHE) (OTC: AHELF) is a resource exploration company focused on the global growth of technology-driven demand for helium and the development of helium resources in North America.

The Canadian helium exploration and development company is led by a experienced management and technical team. The company has a diverse range of projects in known areas for Helium exploration.

The company has executed a project agreement with Yankee Resources LLC of Golden, CO and has appointed LoneTree Energy & Associates LLC to acquire certain acreage in SE Colorado. The project consists of two parts. The first objective is to re-drill two wells that have proven helium resources. Both were plugged and abandoned in the mid-nineties, offering the potential for near term production. The second part of the project will offer an exploration focus through the acquisition of up to 14,000 acres of land a shoot a 3D seismic survey of some 28 square miles to mature prospects in the Upper Morrow formation where helium content of 4 to 5% is expected. The seismic survey is planned for late 2018 and can be carried out after the harvest season and in parallel with the re-entry or re-drill of the two wells.

The company has also executed an agreement with Holbrook Basin Energy LLC of Golden, CO to undertake an exploration program in Arizona. The Arizona project location is in the “Four Corners” area where the States of Utah, Colorado, New Mexico and Arizona meet, and in the helium productive Holbrook Basin, a well-established helium production district where concentrations of the gas are as high as 10%. The area has good potential for additional discovery and production. The abundant nature of the region has led to anecdotal statements over the years that “Arizona is the Saudi Arabia of helium.” Holbrook Basin Energy has developed a compelling exploration play and target land identification is underway.

The company holds a 100 percent working interest and 87.5 percent net revenue interest in 12 federal leases at its Bruin Point property spanning across 17,000 acres in the Greater Uintah Basin, Carbon County, Utah.

Evaluation is currently ongoing to determine potential additional acquisitions in regions that are known for their helium production.

The company has a satellite office in Denver aimed at facilitating expansion in SE Colorado. Company President and CEO Frank Jacobs, a petroleum engineer with 35+ years of operational experience, oversees all U.S.-based operations.

Global helium demand is driven by a number of different industries. Primarily, the military, healthcare, nuclear, aviation and electronics. A colorless, odorless and non-toxic gas, helium is lighter than air and it has the lowest boiling point of all elements. This property makes it essential for a wide variety of high-tech based applications.

The U.S. ranks as the largest producer and consumer of helium. North America accounts for approximately a third of the world’s helium consumption (2.6 billion cubic feet of helium per year). The world’s annual consumption of helium is around eight billion cubic feet per year. As far as production goes, the U.S. is responsible for 55 percent of the global helium supply. Qatar, Algeria and Russia come next.

The fact that production efforts have been centralized and focused in just a few countries has long been a source of concern. “The concentration of production among a handful of countries will continue to be the leading driver of uncertainty of helium supply and price volatility. We are working to identify, explore and place into production helium assets. With the right assets and the necessary funding we are confident we can achieve this objective,” Frank Jacobs said.

The price of helium has doubled since 2010 because this unique gas cannot be substituted in its applications. In addition, a Qatar production blockage has had a massive negative impact on the helium supply. In the summer of 2017, Qatar’s RasGas closed down both of its plants, responsible for approximately 32 percent of the global helium demand. This shift has contributed to highly favorable supply and demand fundamentals for the remaining market players.

Experts predict that the demand for the gas will continue to grow in the years to come. The global helium market set to exceed $1.5 billion by 2020, advancing at a compound annual growth rate of 9 percent, according to Technavio analysts. Over 20 percent of the global helium demand is for healthcare applications. MRI machines are being installed in hospitals more frequently than ever before, potentially increasing the demand for helium in the medical industry. Innovative aerospace projects and technical applications are also expected to elevate the helium market forecasts in the years to come. Large corporations such as Google and Netflix have both been buying up significant amounts of helium, as the gas can increase the storage capacity of hard drives while also bringing down power consumption.

Additional information about the American Helium research and exploration activities will become available in the months to come. With its diverse selection of projects, the company is positioning itself to capture the numerous opportunities stemming from increasing helium prices and the growing global demand. Successful implementation of the above strategies is contingent on a number of items including the ability to acquire additional acreage.  The Company is actively seeking the capital necessary to implement the drill program.

American Helium (AHELF), closed the day's trading session at $0.1013, even for the day. The average volume for the last 60 days is 23,670 and the stock's 52-week low/high is $0.1008/$0.77.

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Medical Cannabis Payment Solutions (OTC: REFG)

The QualityStocks Daily Newsletter would like to spotlight Medical Cannabis Payment Solutions (REFG).

Medical Cannabis Payment Solutions (OTC: REFG), headquartered in Cheyenne, Wyoming, is a first-tier merchant processing cannabis industry pioneer, offering one of the first and only comprehensive card processing operations of its kind to serve the state-sanctioned medical marijuana industry. The company’s state of the art system, which also tracks sales and tax collection, and eliminates the need to deal in cash-only transactions.

Through its robust, closed-loop merchant processing system, the company’s unique “StateSourced” proprietary system enables authorized operation under FinCEN parameters and complies with all regulatory frameworks. StateSourced is tailored to deliver full-spectrum merchant processing services, providing the convenience of modern commercial card processing resources and making it the first operation of its kind geared to the legal cannabis industry.

StateSourced is not a prepaid or gift card, which is an important variable for merchants since standard banking institutions have not offered this form of payment processing to the legal cannabis industry. Federal law still considers marijuana illegal under the Controlled Substances Act, although 29 states and the District of Columbia have legalized the plant either for medicinal or recreational uses or both. This restriction has kept financial institutions at bay since most banks are federally insured and haven’t been inclined to venture into the nascent industry.

Medical Cannabis Payment Solutions is able to offer its StateSourced card on a state-by-state basis where the card can be used in purchasing product from a legal, authorized vendor, providing a much-needed option for consumers and businesses alike. In another first, the company is collaborating with First Bitcoin Capital Corporation to integrate First Bitcoin’s cryptocurrency ($Weed) with Medical Cannabis Payment Solutions’ StateSourced payment gateway. This collaboration will allow state-licensed marijuana establishments across the nation to accept both StateSourced debit cards and cryptocurrencies such as WeedCoin and Bitcoin.

Medical Cannabis Payment Solutions president and CEO Jeremy Roberts and his executive team are working with state lawmakers to introduce legislation in an effort to address the growing problems in banking for the medical cannabis industry. For companies in the emerging legal cannabis industry, where retail and non-retail transactions such as vendor payments and payroll are almost exclusively paid for with cash, the solutions offered by StateSourced can help businesses avoid the inherent risks associated with a cash-intensive sector. Medical Cannabis Payment Solutions has also signed its first StateSourced contract with a Las Vegas-based vertically integrated marijuana establishment.

“We’ve completed our transition from development stage to revenue stage,” says Roberts. “We have just started our business development efforts and the market is responding very well. We anticipate having many more, similar releases.”

Medical Cannabis Payment Solutions provides end-to-end management across multiple systems for medicinal marijuana operations. The company solves the fragmentation problem experienced by many of these rapidly growing companies by identifying tools that are important to dispensaries and customizing those tools to meet the specific needs of this unique industry.

Medical Cannabis Payment Solutions (REFG), closed the day's trading session at $0.04255, off by 1.05%, on 128,550 volume with 16 trades. The average volume for the last 60 days is 399,646 and the stock's 52-week low/high is $0.0161/$0.092.

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