The QualityStocks Daily Stock List
- Blue Eagle Lithium, Inc. (BEAG)
- Great Lakes Dredge & Dock Corporation (GLDD)
- Roxgold, Inc. (ROGFF)
- Tonogold Resources, Inc. (TNGL)
- SETO Holdings, Inc. (SETO)
- FalconStor Software, Inc. (FALC)
- Golden Leaf Holdings Ltd. (GLDFF)
- Biostage, Inc. (BSTG)
- PetroShare Corp. (PRHR)
- Envision Solar International, Inc. (EVSI)
- Patriot Gold Corp. (PGOL)
- Explor Resources, Inc. (EXSFF)
- New Jersey Mining Company (NJMC)
- American Lithium Corp. (LIACF)
Blue Eagle Lithium, Inc. (BEAG)
Jet Life Penny Stocks, Stockwatch, Wallstreet Online, Investors Hangout, Barchart, Financial Buzz, Simply Wall St, TradingView, Morningstar, MarketWatch, last10k, and Street Insider reported on Blue Eagle Lithium, Inc. (BEAG), and today we report on the Company, here at the QualityStocks Daily Newsletter.
Blue Eagle Lithium, Inc. is a lithium exploration and development company listed on the OTC Markets’ OTCQB. It engages in identifying, evaluating, and developing early-stage lithium exploration opportunities in North America. The Company formerly went by the name Wishbone Pet Products, Inc. It changed its name to Blue Eagle Lithium, Inc. in July of this year. Blue Eagle Lithium is headquartered in Henderson, Nevada.
The Company has a 100 percent Working Interest (WI) in 200 placer claims in Railroad Valley, Nevada, a highly prospective green-fields lithium brine target in the core of the Basin and Range geologic province. The staked claims cover 4,000 acres (approximately 1,619 hectares) over a large portion of Railroad Valley. They are ready for the next phase of lithium exploration.
The Railroad Property is roughly 48 miles to the southwest of Ely, Nevada. Railroad Valley, Nevada is a highly prospective green-fields Petro-Lithium brine target area. It features numerous similarities to the nearby Clayton Valley. The principal exploration target within the Railroad Property would be more recent playa sediments, mostly within 2,000 feet (610 meters) of the valley’s surface. Test wells will be drilled to provide lithologic data and lithium analysis samples.
The Railroad Property warrants surface and shallow drilling evaluation for possible surface-mineable lithium-rich units based on varied sources of geological data. The Company’s team will analyze available samples, well logs and seismic data to complete the geologic picture for the Railroad Property in light of current lithium brine-formation theories.
Last month, Blue Eagle Lithium announced it received a completed National Instrument NI 43-101 report from Tekhne Research. The report, commissioned by Blue Eagle in August of this year, represents a vital research tool for the Company to plan an appropriate exploration program for its Railroad Valley property. Tekhne Research (Victoria, Canada) was selected for its experience in Railroad Valley and having conducted NI 43-101 reports for other Lithium exploration enterprises.
The author highlights that the analogy between Railroad Valley and Clayton Valley is strong. Both are closed, arid terminal basins surrounded by faults and filled with porous young sediments. Railroad Valley basis is volumetrically larger, has a larger playa surface, and has a larger catchment area for source Lithium. The presence of soil samples in the same range as the Lithium brine at Clayton Valley suggests comparable concentration. This Property (with numerous features alike to Clayton Valley) represents a new and untested target for Lithium brine.
Blue Eagle Lithium, Inc. (BEAG), closed Wednesday's trading session at $0.8675, off by 14.95%, on 54,564 volume with 66 trades. The average volume for the last 3 months is 79,092 and the stock's 52-week low/high is $0.0625/$3.50.
Great Lakes Dredge & Dock Corporation (GLDD)
StreetInsider, Zacks, Morningstar, Simply Wall St, MarketWatch, The Street, Revenues and Profits, 4-Traders, StockTwits, Stockhouse, and Equity Clock reported on Great Lakes Dredge & Dock Corporation (GLDD), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Great Lakes Dredge & Dock Corporation (Great Lakes) provides dredging services in the United States and around the world. The Company is the largest provider of dredging services in the United States. Additionally, it is a major provider of environmental and infrastructure services. Great Lakes Dredge & Dock has its corporate office in Oak Brook, Illinois.
Great Lakes also owns and operates the largest and most varied fleet in the U.S. dredging industry, consisting of greater than 200 specialized vessels. The Company employs civil, ocean, and mechanical engineering staff in its estimating, production, and project management functions.
Great Lakes operates on every domestic coastline, throughout many inland U.S. waterways. The Company also operates in a number of foreign markets, including Bahrain, Qatar, and Brazil. Furthermore, Great Lakes possesses a fleet of smaller vessels. These vessels specialize in dredging challenging shallow water environments, such as lakes, reservoirs, rivers, as well as inland channels.
Fundamentally, Great Lakes is a full-service provider of infrastructure solutions. These solutions include dredging, environmental remediation, and geotechnical services. The Company’s projects include everything from beach restorations to barrier islands. Projects that the Company engages in include Coastal Protection, Coastal Restoration, Ports & Harbors, Inland Dredging, and International Opportunities.
In February, Great Lakes Dredge & Dock Corporation reported financial results for the quarter and year ended December 31, 2017. For the three months ended December 31, 2017, the Company reported Revenue of $191.7 million, Net Loss from Continuing Operations of $8.8 million and negative Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) from Continuing Operations of $8.4 million.
Excluding the charges relating to the Company’s earlier announced restructuring, for the three months ended December 31, 2017, Great Lakes reported Net Income from Continuing Operations of $8.0 million and Adjusted EBITDA from Continuing Operations of $12.2 million. These results compare to Revenue of $213.4 million, Net Loss from Continuing Operations of $7.0 million and Adjusted EBITDA from continuing operations of $11.6 million for the same quarter in 2016.
Mr. Lasse Petterson, Great Lakes Dredge & Dock Corporation Chief Executive Officer, said, “For the year ended December 31, 2017, we recognized a $29.5 million charge related to the previously announced restructuring…We expect to recognize an additional $13 - $18 million of restructuring charges during 2018. We are also pleased to confirm that our cost savings initiatives are on track, and we continue to expect to recognize approximately $20 million of cost savings in 2018 with the full run rate of $40 million in cost savings starting in 2019.”
Great Lakes Dredge & Dock Corporation (GLDD), closed Wednesday's trading session at $7.16, up 6.39%, on 759,910 volume with 4,547 trades. The average volume for the last 3 months is 150,441 and the stock's 52-week low/high is $4.15/$7.31.
Roxgold, Inc. (ROGFF)
Wall Street Analyzer, TipRanks, Stockwatch, 24hgold, Barchart, Stockhouse, and The Street reported on Roxgold, Inc. (ROGFF), and today we choose to report on the Company, here at the QualityStocks Daily Newsletter.
Roxgold, Inc. is a gold mining company with its key asset, the high grade Yaramoko Gold Mine, situated in the Houndé greenstone area of Burkina Faso, West Africa. Roxgold declared commercial production on October 1, 2016. The Company is a Best in Class West African Gold Miner. Roxgold has its headquarters in Toronto, Ontario. The Company lists on the OTCQB.
Burkina Faso is a landlocked nation, located in West Africa. It covers an area of about 274,000 square kilometers. Burkina Faso is the fastest growing gold producer in Africa. The nation was the 4th largest gold producer in Africa in 2012. Eight new mines have been commissioned there over the past six years.
The Yaramoko permit encompasses approximately 196km2 in the Province of Balé in southwestern Burkina Faso. The property is approximately 200 kilometers southwest from the capital city of Ouagadougou. Manifold gold and base metal deposits have been identified at Yaramoko.
Regional exploration on the Yaramoko permit to date has provided encouraging results at Bagassi South, the 109 Zone, 109 Hill, the 117 Zone, the 300 Zone and Haho, as well as along the Boni Shear where large gold in soil anomalies of greater than 30 ppb have been outlined in earlier soil geochemistry surveys. Two drill rigs are at Bagassi South and one drill rig is on the regional targets of the 55 Zone footwall, Haho, and Boni Shear.
For the twelve-month period ended December 31, 2017, Roxgold produced 126,990 ounces of gold, exceeding the upper limit of the increased guidance range 115,000 to 125,000 ounces, versus 75,078 ounces for the seven-month period in 2016. The Company sold 126,555 ounces of gold totaling Revenues of $159.4 million in fiscal year 2017 versus $41.4 million during the three-month period of commercial production in 2016 ( $98.0 million during the seven-month period of 2016).
Moreover in 2017, Roxgold completed a positive Feasibility Study (FS) for the Bagassi South Project, which showed an after-tax IRR (Internal Rate of Return) of 53.2 percent with 1.8 year payback on initial capital. As well, the Company started construction work at site to facilitate the Bagassi South expansion project;
This week, Roxgold announced a record Q1 production of 40,452 ounces of gold from its Yaramoko Gold mine in Burkina Faso. Highlights also include record quarterly processing throughput of 71,576 tonnes - over 8 percent above nameplate capacity. The record gold production for Q1 was driven by improved operating performance in the mine and processing plant.
Construction works at Bagassi South continue on schedule. They remain on course for delivery of first ore in Q4 2018. Furthermore, three drill rigs continue to operate at Yaramoko targeting extensions to the 55 Zone and recently identified targets in the regional package. This includes the Bagassi Corridor.
Roxgold expects to release its Q1 2018 financial results after market hours on May 15, 2018.
Roxgold, Inc. (ROGFF), closed Wednesday's trading session at $0.6391, up 0.85%, on 2,500 volume with 2 trades. The average volume for the last 3 months is 20,764 and the stock's 52-week low/high is $0.613/$1.127.
Tonogold Resources, Inc. (TNGL)
PennyFix, 24hGold, StreetInsider, Simply Wall St, InvestorsHub, Stockhouse, 4-Traders, OTC Markets, and WalletInvestor reported on Tonogold Resources, Inc. (TNGL), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
A leading junior mining company, Tonogold Resources, Inc. concentrates on developing advanced stage projects in the Americas. The Company’s management team has over six decades of combined experience in the mining space. Tonogold Resources’ commitment is to consolidating a 5 Million Gold Oz portfolio in combined resources in the short term as well as reaching production stage on its flag-ship project in the United States.
Tonogold Resources has its head office in La Jolla, California. The Company’s shares trade on the OTC Markets Group’s OTCQB.
In October of 2017, Tonogold Resources announced that it entered into a binding agreement with Comstock Mining, Inc. (LODE), which among other things, provides Tonogold Resources an exclusive right to earn a 51 percent controlling interest in 1,162 acres of mining claims in the highly prospective Comstock Lode area in Virginia City, Nevada. This includes the Lucerne Deposit, positioned in the Storey and Lyon Counties.
In January 2018, Tonogold Resources announced that it entered into a binding agreement with a private Mexican company, which provides Tonogold an exclusive right (but not obligation) to acquire 100 percent interest in the Claudia, Promontorio, and Montoros gold/silver properties in Durango, Mexico for total consideration of $7.3 million in cash.
This acquisition potentially adds high quality gold-silver advanced exploration projects to the Company’s pipeline in a safe and recognized mining-friendly and cost competitive jurisdiction. Highlights of this acquisition also include a low cost option fee and attractive acquisition value per gold equivalent ounce based on the historical resources.
Earlier this month, Tonogold Resources announced that it entered into the second phase of its option agreement with Comstock Mining and recently paid the scheduled $2 million to Comstock, pursuant to the agreement dated October 3, 2017. The decision by Tonogold follows a detailed six-month technical and economic assessment of the Lucerne deposit by the Company’s technical consultants, Mine Development Associates (MDA), of Reno, Nevada, which included the development of a new resource model.
Currently, the resource and preliminary economic pit design work completed by MDA has provided Tonogold Resources with confirmation that the resource at Lucerne is likely to support a technically and economically viable mining operation. However, more data validation and verification will be required before MDA are able to provide Resource and Reserve estimates suitable for production planning and public reporting.
Tonogold Resources, Inc. (TNGL), closed Wednesday's trading session at $0.091575, up 9.02%, on 300 volume with 1 trade. The average volume for the last 3 months is 4,618 and the stock's 52-week low/high is $0.003/$0.404.
SETO Holdings, Inc. (SETO)
Penny Stock Tweets, OTC Markets, 4-Traders, WalletInvestor, InvestorsHub, and Stockhouse reported on SETO Holdings, Inc. (SETO), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
A development stage company, SETO Holdings, Inc. provides healthcare services. Based in Hanover, Maryland, the Company focuses on three main sectors. These are Health, Education and Clean Energy.
SETO analyzes markets, operations, and guides businesses through the challenges they face. Regarding Healthcare, the Company provides hearing health care and distributes hearing aids via 15 hearing clinics in Maryland and Virginia. Established in 2004, SETO lists on the OTC Markets.
Advanced Hearing Group is the Company’s principal audiology and hearing Services Company. Advanced Hearing Group has clinics across the U.S. Mid-Atlantic region. Seto's Health (SH) division works to expand the Company’s other health services.
Seto Energy (SAE) promotes alternative energy projects in India. In addition, Seto's Education (SE) division promotes health education to the 50-plus active adult community Seto Life (SL).
SETO is working to expand its existing healthcare services within the U.S. The Company is pursuing the implementation of projects in developing markets, particularly in India. Concerning Clean Energy, SETO is expanding its operations to encompass clean energy in developing markets, again specifically in India.
In January of this year, SETO Holdings announced that its subsidiary entered the cannabis sector, specifically the $US15 billion medical marijuana sector. This represents a significant expansion within the Company's Health Division.
SETO’s plan is to execute Hydroponic farming techniques for the development of cannabis farming and for the development of products derived from medical marijuana cultivation. Additionally, the Company plans to implement financial technology solutions for the fast expanding, multi-billion-dollar cannabis sector.
Recently, SETO Holdings announced its newest hearing clinic in Frederick, Maryland. This clinic will center on pediatric and geriatric patients. This also boosts Seto Hearing Group's (SHG) presence in the market. SETO has partnered with the Department of Aging as the exclusive hearing care provider for its 20 facilities in Baltimore County, Maryland.
Last week, SETO Holdings announced it will start the development of medical software. This project is being developed under a subsidiary called Setosoft. Setosoft's software applications will augment the Company’s internal efficiencies and that of other healthcare providers. The design phase has been completed. Setosoft is putting together the team of software engineers to implement the project.
SETO Holdings, Inc. (SETO), closed Wednesday's trading session at $0.0344, up 1.18%, on 500 volume with 1 trade. The average volume for the last 3 months is 18,883 and the stock's 52-week low/high is $0.007/$0.17.
FalconStor Software, Inc. (FALC)
StockTwits, Simply Wall St, StreetInsider, Insider Financial, The Street, OTC Markets, Zacks, YCharts, and Business Insider reported on FalconStor Software, Inc. (FALC), and we also highlight the Company, here at the QualityStocks Daily Newsletter.
Listed on the OTCQB, FalconStor Software, Inc. is a market leader in storage software. The Company offers a converged data services software platform that is hardware agnostic. Its open, integrated flagship solution is FreeStor®. This solution lessens vendor lock-in and gives enterprises the freedom to select the applications and hardware components, which make the best sense for their business.
Established in 2000, FalconStor Software has its head office in Austin, Texas. The Company also has offices in Melville, New York, and throughout Europe and the Asia Pacific region.
FalconStor incorporated in Delaware as Network Peripherals, Inc., in 1994. Pursuant to a merger with FalconStor, Inc., in 2001, the previous business of Network Peripherals, Inc. was discontinued. The newly re-named FalconStor Software, Inc. continued the storage software business started in 2000 by FalconStor, Inc.
The Company gives customers the ability to move workloads to the right destination, on-premise or in the cloud. Its FreeStor® offers a true software-defined storage solution with intelligence and built-in analytics. FreeStor® helps lower the cost of storage hardware, modernize existing infrastructure, and helps a business take back control with interoperability, Core-to-Edge insight, and single-pane-of-glass management and monitoring.
FalconStor Software’s corporate mission is to maximize data availability and system uptime to ensure nonstop business productivity. This is while simplifying data management to lessen operational costs.
Recently, FalconStor Software announced financial results for its Q4 and fiscal year ended December 31, 2017. For the three months ended December 31, 2017, the Company delivered Net GAAP (Generally Accepted Accounting Principles) Operating Income of $1.4 million on Revenues of $6.3 million.
For the twelve months ended December 31, 2017, FalconStor delivered GAAP Net Operating Income of $1.0 million versus a Net Operating Loss of $10.3 million for the same period the year prior.
Mr. Todd Brooks, FalconStor Software’s Chief Executive Officer, stated, “Q4 continues the return to profitability first delivered in Q3 2017, and powered the company to an annual profit for 2017, the first since 2008. This performance further demonstrates the stability our strategic restructuring is creating.”
Last week, FalconStor Software announced the appointment of Mr. Brad Wolfe as Chief Financial Officer (CFO), effective April 9, 2018. In association with the appointment, Pat McClain, the Company’s previous CFO, transitions into a senior advisor role in continued support of FalconStor’s strategic plan execution.
Mr. Wolfe has more than three decades of finance and operations experience. This includes wide-ranging growth-focused leadership within public and private equity, and also M&A (Mergers and Acquisitions), most recently serving as CFO for Asure Software (ASUR).
FalconStor Software, Inc. (FALC), closed Wednesday's trading session at $0.0825, up 11.49%, on 84,825 volume with 14 trades. The average volume for the last 3 months is 27,138 and the stock's 52-week low/high is $0.039/$0.34.
Golden Leaf Holdings Ltd. (GLDFF)
Tip Ranks, Daily Marijuana Observer, Simply Wall St, Stockhouse, Silicon Investor, Marketwired, InvestorX, Pot Stock News, InvestorsHub, MarketWatch, and Infront Analytics reported on Golden Leaf Holdings Ltd. (GLDFF), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Golden Leaf Holdings Ltd. is one of the largest cannabis oil and solution providers in North America. The Company is also a leading cannabis enterprise in Oregon. Golden Leaf has expertise in extracting, refining, marketing, and selling cannabis oil. Golden Leaf Holdings has its corporate headquarters
in Toronto, Ontario and the Company lists on the OTCQB.
Golden Leaf Holdings is a foremost cannabis products company built around recognized brands. It has operations in many jurisdictions including Oregon, Nevada and Canada. It cultivates, extracts, manufactures and distributes its products through its branded Chalice Farms retail dispensaries and through third party dispensaries.
The Company’s brands include Golden, Proper, Left Coast Connection, and Chalice Farms. Since opening in 2014, Chalice Farms has served the greater Portland, Oregon community with its chain of dispensaries selling its line of 12 premium edibles.
Golden Leaf has its Canadian subsidiary, Medical Marijuana Group (MMG). MMG's genetic portfolio includes a strain that holds the highest CBD concentrations in Canada. MMG was granted a cultivation license from Health Canada in November of 2017 for its state-of-the-art grow facility in the Province of Ontario. It began cultivation activities in early 2018.
This week, Terra Tech Corp. (TRTC) announced that on November 2, 2018 it signed a non-binding Letter of Intent (LOI) to merge with Golden Leaf Holdings. Terra Tech is a vertically integrated cannabis-focused agriculture company. Under the terms of the LOI, a wholly-owned subsidiary of Terra Tech will merge with Golden Leaf Holdings, with the resulting amalgamated corporation being a wholly-owned subsidiary of Terra Tech.
Mr. William Simpson, Golden Leaf Holdings’ Chief Executive Officer, said, “Golden Leaf is dedicated to building shareholder value and we are pleased to have this opportunity to combine forces with Terra Tech, an established, vertically-integrated cannabis operator with a presence in multiple states and, most importantly, a proven reputation and loyal customer base.”
Moreover, this week, Golden Leaf announced the launch of its edible product line of cannabis infused fruit chews to the Nevada market under the “Golden” brand.
In the State of Nevada, Golden Leaf presently sells a range of ethanol-extract distillate, oils and distillate blends under the Golden Private Stash, RSO-Go and Jackpot brands. Its products are currently sold wholesale in roughly 40 percent of dispensaries in Nevada.
Golden Leaf Holdings Ltd. (GLDFF), closed Wednesday's trading session at $0.1715, up 5.86%, on 1,081,869 volume with 220 trades. The average volume for the last 3 months is 1,233,297 and the stock's 52-week low/high is $0.129/$0.58.
Biostage, Inc. (BSTG)
Zacks, InvestorPoint, Stock News Journal, Simply Wall St, BusinessInsider, Barchart, The Street, StockTwits, Investors Hub, Stock News Gazette, and AllStockNews reported on Biostage, Inc. (BSTG), and we also report on the Company, here at the QualityStocks Daily Newsletter.
Biostage, Inc. is a biotechnology company based in Holliston, Massachusetts. It is developing bioengineered organ implants to treat cancers and other life-threatening conditions of the esophagus, bronchus and trachea. Biostage formerly went by the name Harvard Apparatus Regenerative Technology, Inc. It changed its corporate name to Biostage, Inc. in March 2016. Biostage’s shares trade on the OTC Markets’ OTCQB.
Biostage is developing bioengineered organ implants based on its Cellframe™ technology. This technology combines a proprietary biocompatible scaffold with a patient's own stem cells to create Cellspan organ implants. Based on its preclinical data, the Company has selected life-threatening conditions of the esophagus as the first clinical application of its technology. Cellspan implants are undergoing development to treat life-threatening conditions of the esophagus, bronchus or trachea with the hope of considerably improving the treatment model for patients.
The foundation of Biostage’s Cellframe technology is on more than two decades of scientific progress in the fields of tissue engineering, cell biology, and material science. Cellframe technology combines the best attributes of a synthetic scaffold with tissue engineering and cell biology. Biostage’s novel Cellframe™ technology is engineered to stimulate the body’s signaling pathways and natural healing process to regenerate and restore organ function.
Yesterday, Biostage announced it was awarded $1.1 million from Phase II of its earlier-announced Fast-Track Small Business Innovation Research (SBIR) grant by the Eunice Kennedy Shriver National Institute of Child Health and Human Development of the National Institutes of Health. The grant funding will support the Company’s development and testing of its Cellspan™ Esophageal Implant (CEI) for the treatment of neonatal esophageal atresia.
Recently, Biostage completed Phase I of the SBIR Fast-Track grant of $225,000, which was awarded in March 2018. The Phase II award totaling $1.1 million will support development and testing through September 2019. An additional $0.5 million award is potentially available for 2020 subject to availability of NIH funds at that time.
Today, Biostage announced appointing Ms. Ting Li to its Board of Directors after her valuable role in 2018 in securing funding for the Company, effective November 6, 2018. Ms. Li has greater than 20 years of investment banking experience, building relationships between customers and enterprises. She is presently a managing partner at Donghai Securities Co., Ltd, a foremost asset management company in China. In addition, Ms. Li serves as the Vice President of the Jilin Enterprise Chamber of Commerce and advisor of the School of Continuing Education of Tsinghua University.
Biostage, Inc. (BSTG), closed Wednesday's trading session at $3.30, up 10.00%, on 557 volume with 2 trades. The average volume for the last 3 months is 2,356 and the stock's 52-week low/high is $0.752/$5.85.
PetroShare Corp. (PRHR)
DreamTeamNetwork, SmallCapVoice, OilandGas360, Penny Stock Hub, Dividend Investor, Simply Wall St, Stockwatch, Stockhouse, InvestorsHub, The Street, Capital Cube, and 4-Traders reported previously on PetroShare Corp. (PRHR), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
PetroShare Corp. is a domestic oil and natural gas exploration and development company listed on the OTCQB. It targets capital deployment opportunities in established unconventional resource plays. The Company established to investigate, acquire, and develop oil and gas properties in the Rocky Mountain and mid-continent regions of the U.S. PetroShare has its head office in Englewood, Colorado.
The Company’s properties include Todd Creek Farms (Southern Wattenberg Field, NE Colorado; Niobrara and Codell Oil and Gas Development). PetroShare’s current emphasis is in the Niobrara/Codell formations and adjacent oil and gas producing zones in the Rocky Mountain region. Specific targets are in the Wattenberg field within the DJ Basin of northeast Colorado.
PetroShare is expanding its group of properties via organic drilling and development, in addition to strategic acquisitions and joint ventures (JVs). The Company acquired an initial acreage position of about 1,280 gross acres (333 net acres) in the core of the oil dominated Niobrara/Codell resource development fairway in the southern end of the Greater Wattenberg Field area of NE Colorado.
Furthermore, PetroShare’s properties include the Buck Peak Prospect (Sand Wash Basin, NW Colorado; Niobrara Oil Development). This Prospect is 7,700 gross acres (1,000 net acres) positioned in Moffat County. PetroShare has drilled and completed two producing wells in this prospect.
The Buck Peak Prospect targets oil and associated wet gas from the fractured Niobrara Shale formation. PetroShare’s Shook pad development program consists of 6 Codell wells and 8 Niobrara wells targeting all three Niobrara benches.
In October, PetroShare provided an update on its operations in the Wattenberg Field in the Denver Julesburg Basin in Colorado. Mr. Frederick J. Witsell, PetroShare President, said, "All 14 wells on our operated Shook Pad were completed and brought into production or flow back testing by the end of September as expected.
However, due to midstream takeaway capacity constraints associated with compression expansion, the Shook pad has not yet reached its peak production potential. Tubing pressures on the wells remain robust and we are confident that the production will increase on the pad once the midstream company has finished its compressor expansion project. In the meantime, we continue to produce 3 to 6 wells on a rotating basis through our existing production facilities as pipeline pressures allow.”
PetroShare Corp. (PRHR), closed Wednesday's trading session at $1.02, up 20.00%, on 43,142 volume with 36 trades. The average volume for the last 3 months is 5,531 and the stock's 52-week low/high is $0.60/$1.545.
Envision Solar International, Inc. (EVSI)
Hotstocked, Greenbackers, RedChip, OTC Journal, FeedBlitz, SmarTrend Newsletters, Stock News Now, SmallCapVoice, and Stockwire reported earlier on Envision Solar International, Inc. (EVSI), and today we are reporting on the Company, here at the QualityStocks Daily Newsletter.
Envision Solar International, Inc. is the leading renewably energized EV charging, outdoor media, and energy security products enterprise. The OTCQB-listed Company is a developer of solar products and proprietary technology solutions. It designs, manufactures, and deploys innovative, renewably energized, EV charging and media and branding systems. Envision Solar International is headquartered in San Diego, California.
Envision Solar’s products include the patented EV ARC™ and Solar Tree® product lines. All of the Company’s products can be enhanced with EnvisionTrak™ patented solar tracking, ARC Technology™ energy storage, SunCharge™ Electric Vehicle Charging Stations, and digital advertising packages.
The Company has designed and incorporated EnvisionTrak, its proprietary and patented tracking solution, to the Solar Tree structure. It has deployed its latest generation of Solar Tree products, the Solar Tree HVLC (High Value, Low Cost) collection. The new Solar Tree product incorporates its latest engineering and fabrication improvements. The Solar Tree® structure works as a billboard for a company’s green credentials. This is while producing clean energy and improving the aesthetics of any parking lot.
Envision Solar has also developed the aforementioned EV ARC™. The Company has observed that the EV ARC™ (Electric Vehicle Autonomous Renewable Charger) can solve manifold problems associated with electric vehicle charging infrastructure deployments. The EV ARC™ fits inside a parking space. It produces enough clean, solar electricity to power up to 225 miles of EV driving in a day.
Last week, Envision Solar International announced the successful delivery and deployment of EV ARC™ products to California Department of Fish and Wildlife (CDFW) locations. This includes Elkhorn Slough Ecological Reserve and the Department’s License and Revenue Branch at Los Alamitos. The EV ARC™ units will provide charging for CDFW fleet and employee vehicles. This delivery marks the first EV ARC™ products to be deployed by CDFW.
CDFW’s deployment of the EV ARC™ products is in line with new objectives set by the State to boost the adoption of ZEVs and EV charging stations. The State of California has set a goal of having a minimum of 1.5 million EVs in use in the State by 2025.
Envision Solar International, Inc. (EVSI), closed Wednesday's trading session at $0.20875, up 4.37%, on 20,708 volume with 7 trades. The average volume for the last 3 months is 61,653 and the stock's 52-week low/high is $0.215/$0.20105.
Patriot Gold Corp. (PGOL)
Stockwatch, Barchart, Dividend Investor, YCharts, Wallet Investor, Real Pennies, OtcWizard, Investopedia, The Street, Proactive Investors, Standout Stocks, Marketwired, and Gold Investment Letter reported previously on Patriot Gold Corp. (PGOL), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Patriot Gold Corp. is a precious metals exploration and production company. Its mission is to discover and develop significant gold and silver assets in Arizona and Nevada. At present, the Company holds a portfolio of four projects. These are the Moss project in Arizona and three in Nevada (Bruner, Vernal, and Windy Peak). Patriot Gold has its corporate office in Las Vegas, Nevada and the Company lists on the OTC Markets Group’s OTCQB.
Patriot Gold holds a 3 percent royalty in the Moss Mine in Arizona, an interest in the Bruner gold project in Nevada, and a 100 percent interest in the Windy Peak and Vernal projects in Nevada. The Moss Mine Project is within the historic Oatman District, 10 miles east of Bullhead City, Arizona and about 70 miles southeast of Las Vegas. Northern Vertex Mining Corp. owns the Moss Mine.
The Windy Peak Gold Project consists of 79 unpatented mineral claims in the Fairview mining district in southwest Nevada. Windy Peak is easily accessed. It is approximately 45 miles southeast of Fallon and 6 miles from Middlegate.
The Vernal gold project is in its early stage. This property is around 140 miles east-southeast of Reno, Nevada, on the west side of the Shoshone Mountains. The property consists of 12 unpatented mining claims (240 acres).
Patriot Gold owns a 2 percent royalty in the Bruner gold project. The Bruner gold project property is roughly 130 miles east-southeast of Reno, Nevada. It is at the northern end of the Paradise Range and 45 miles northwest of the Round Mountain Mine. Canamex Resources Corp. owns the Bruner gold project.
The Vernal and Bruner gold projects are in Nevada's Walker Lane, which hosts numerous major deposits. These include the Goldfield (greater than 5 million ounces of post production and present reserves) and the Comstock (greater than 8 million ounces).
This past September, Patriot Gold provided an update to shareholders. The Moss Mine entered commercial production as of the beginning of September 2018. The Moss Mine is owned by Northern Vertex Mining Corp. (Vertex). In addition, Vertex announced that production is expected to be higher than earlier stated in the Feasibility Study (FS).
Furthermore, Patriot Gold said in September that it is exploring its 100 percent-owned Windy Peak gold project in Nevada. The Company announced the start of a core drilling program.
Patriot Gold Corp. (PGOL), closed Wednesday's trading session at $0.094, up 34.86%, on 5,500 volume with 2 trades. The average volume for the last 3 months is 16,224 and the stock's 52-week low/high is $0.0438/$0.1469.
Explor Resources, Inc. (EXSFF)
Streetwise Reports, Vantage Wire, Stockhouse, and InvestorsHub reported earlier on Explor Resources, Inc. (EXSFF), and today we highlight the Company, here at the QualityStocks Daily Newsletter.
Explor Resources, Inc. is a natural resources company headquartered in Rouyn-Noranda, Quebec. The Company has mineral holdings in Ontario, Quebec, Saskatchewan and New Brunswick. Its Flagship project is the Timmins Porcupine West (TPW) Project situated in the Porcupine mining camp in Ontario. A gold and base metals exploration company, Explor Resources lists on the OTC Markets Group’s OTCQB.
The Company is presently concentrating on exploration in the Abitibi Greenstone Belt. This belt is in both provinces of Ontario and Quebec - roughly 33 percent in Ontario and 67 percent in Quebec. Explor’s total land position in the Abitibi Greenstone Belt is about 25,000 hectares. In addition, Explor owns 6,500 hectares of mining claims in New Brunswick.
Abitibi Greenstone Belt properties 100 percent-owned by the Company in Ontario include Carnegie, Kidd Township, Eastford Lake, PG-101, Montrose, Golden Harker, Timmins Porcupine West, and Ogden. Abitibi Greenstone Belt properties 100 percent-owned by Explor Resources in Quebec include East Bay, Nelligan, Destor, and Launay.
Explor Resources has signed a Memorandum of Understanding (MOU) with the Matachewan First Nation of Matachewan, Ontario and the Mattagami First Nation of Gogama, Ontario, concerning the Montrose Property. The MOU will serve as a structure to govern the relationship between Explor Resources and the First Nations in accordance with their intention of further building a relationship characterized by cooperation and mutual respect, in connection with the development of the Montrose Property.
The Montrose property consists of 20 mining claims (217 units) positioned in the Montrose and Midlothian Townships in the Timmins-Porcupine Mining Camp for a total of around 3,472 hectares.
In December 2017, Explor Resources announced the acquisition of two mining claims (3 units) located in Ogden Township, in the Porcupine Mining Division, District of Cochrane, Ontario for a total of 48.56 hectares. The claims are in Ogden Township contiguous and to the east of the Timmins Porcupine West Gold Property.
The claims were acquired because of encouraging results obtained in the Company's past exploration on the property. Explor Resources will pay CDN $2,000 and issue 100,000 common shares to obtain a 100 percent interest in the additional Ogden mining claims. The Optionors have retained a 2 percent NSR (Net Smelter Return) in the property.
Last month, Explor Resources announced the results of the East Bay Gold Property exploration program. The analysis of earlier exploration by Cambior and the results of the previous exploration program completed by Explor Resources confirmed a number of interesting drill targets. The exploration program comprised a Phase III 3000 meter drill program.
The East Bay Gold Property is positioned to the west of the Consolidated Beattie and Donchester Gold Property. It is contiguous to the ground on which the former Clifton Star Resources, Inc. intersected wide width of gold mineralization.
Furthermore, Explor Resources announced recently the acquisition of eight mining claims (64 claim units) located in Hoyle Township, in the Porcupine Mining Division, District of Cochrane, Ontario for a total of 1036.4 hectares. The claims are positioned in Hoyle Township, north of Bell Creek, Owl Creek and Hoyle Pond gold Mines.
The claims were obtained because of results attained by Tahoe Resources and Goldcorp in their exploration programs in Hoyle Township. Explor Resources will pay CDN $1,000 and issue 3,000,000 common shares to obtain a 100 percent interest in the property.
Explor Resources, Inc. (EXSFF), closed Wednesday's trading session at $0.01493, up 3.68%, on 100,000 volume with 3 trades. The average volume for the last 3 months is 11,992 and the stock's 52-week low/high is $0.0089/$0.059.
New Jersey Mining Company (NJMC)
SmallCapVoice, The Street, and London Irvine Report reported on New Jersey Mining Company (NJMC), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
New Jersey Mining Company has built, and is the majority-owner and operator, of a fully-permitted, upgraded, 360-ton per day flotation mill and cyanide leach plant. Additionally, the Company is 100-percent owner of the Golden Chest Mine project. This is an historic lode gold producer, which has been expanded, modernized, and operated by a first-class lessee. New Jersey Mining provides custom milling services for small-scale mining operations. New Jersey Mining is headquartered in Coeur d'Alene, Idaho. The Company’s Mill office is in Kellogg, Idaho.
New Jersey Mining can offer, for larger companies, an assortment of mining and exploration services, including custom milling. It is pursuing near-term production of its own, with a longer-term vision toward district-scale deposit potential. The Company is ramping up the flotation mill to handle incoming ore shipments from the nearby Golden Chest Mine.
The flotation mill recycles process water. It utilizes a paste tailings disposal process patented by Company founder Mr. Fred Brackebusch to reduce impact on the environment. The New Jersey Mill can perform test and toll milling on material from mines and prospects within a wide radius of active mining camps in Montana, Idaho, and Washington.
In 2016, New Jersey Mining completed its acquisition of GF&H. This is a private company that holds 374 acres of patented mining claims near New Jersey Mining’s Golden Chest Mine Project. The GF&H land package includes claims just south of the mine property and on-strike with the Idaho Fault.
Furthermore, in 2016, the Company announced that it completed its purchase of a 50-percent interest in Butte Highlands Joint Venture LLC, owner of the fully-permitted, high-grade, underground Butte Highlands Gold Project south of Butte, Montana. New Jersey Mining’s interest in Butte Highlands is “carried to production” by the joint venture (JV) partner, Montana State Gold Company, LLC (MSGC).
New Jersey Mining announced in November 2017 that underground operations commenced at its Golden Chest Mine near Murray, Idaho. The Company is currently operating from two locations at the Golden Chest Project – the open pit mine it developed and operated in 2017 and the underground mine that was largely developed in 2015 and readied for production in 2017. All ore is being shipped for processing to the Company’s nearby New Jersey Mill.
Recently, New Jersey Mining Company announced that it expanded its land holdings contiguous to its presently producing Golden Chest Mine in the Murray Gold Belt area of Northern Idaho. It added the “Buckskin Claim Group” consisting of 218 acres of patented mining claims acquired via an exploration and mining lease, and roughly 700 acres of unpatented mining claims acquired via Company staking.
The newly acquired Buckskin Claim Group is next to existing Golden Chest unpatented claims. The new acquisition effectively extends New Jersey Mining’s Golden Chest property package an additional 2.5 kilometers (1.5 miles) to the west.
Last month, New Jersey Mining announced results from its recent exploration trenching program at its Golden Chest Mine. It completed 14 trenches, totaling 653 meters, designed to test for near-surface, open-pittable gold mineralization in areas where the Idaho Fault and its associated vein set project to the surface. Trenches were completed in three target areas. This is the area just north of the presently producing Golden Chest pit, and within the Klondike Ridge and Katie-Dora ore shoots.
Earlier in March, the Company announced that it added to its land holdings in North Idaho’s Murray Gold Belt (MGB) with the lease of the Four Square Property. The Four Square Property consists of 334 acres of mining claims, including 46 acres of patented mining claims, situated near the town of Murray, three miles west of the Company’s Golden Chest Mine. In addition, New Jersey Mining acquired, by staking, 348 additional acres of unpatented mining claims south of the leased area, adjacent to the patented claims.
New Jersey Mining Company (NJMC), closed Wednesday's trading session at $0.165, up 3.12%, on 9,000 volume with 3 trades. The average volume for the last 3 months is 34,643 and the stock's 52-week low/high is $0.116/$0.247.
American Lithium Corp. (LIACF)
Analysts Buzz, Stock Orange, OTC Markets, MarketWatch, Stockhouse, TradingView, InvestorsHub, Investors Hangout, Barchart, Stockwatch, Wallmine, and Stock News Oracle reported on American Lithium Corp. (LIACF), and we also highlight the Company, here at the QualityStocks Daily Newsletter.
American Lithium Corp. engages in the acquisition, exploration, and development of lithium deposits within mining-friendly jurisdictions throughout the Americas. The Company’s Fish Lake Valley lithium brine properties are roughly 38 kilometers from Albemarle's Silver Peak (the largest lithium producer in the United States). American Lithium is headquartered in Vancouver, British Columbia. The Company lists on the OTC Markets’ OTCQB.
American Lithium holds options to acquire Nevada lithium brine claims totaling 22,332 acres (9,038 hectares). This includes 18,552 contiguous acres (7,508 hectares) in Fish Lake Valley, Esmeralda County; and the 2,240-acre (907-hectare) San Emidio project in Washoe County. Fish Lake Valley is one of the most promising and largely undeveloped lithium brine basins in the State of Nevada. Its geological and geophysical characteristics are alike to the Clayton Valley basin located to the southeast.
The Fish Lake Valley land package acquisition includes the North and South Bowl Playas. The acquisition encompasses all vital structures of the North and South Bowl Playas that contain the lithium brines, and where gravity data shows distinct gravity lows.
American Lithium is expanding its existing holdings in Fish Lake Valley, Esmeralda County. The Company is already the dominant land holder in the Valley, with 18,552 contiguous acres under management. It earlier entered into an agreement to acquire an additional 3,575-acre parcel in the Valley, consisting of 167 contiguous claims called the Gap-Lode Project. The Project overlies 2,480 acres of public land. The Gap-Lode Project is neighbouring an existing 1,094-acre claim block.
The San Emidio Project is 60 miles (100 km) northeast of Reno - home to Tesla's Gigafactory. Lithium concentrations in brines at San Emidio are reasonably expected to increase at depth. This is also the case at Clayton Valley. A gravity geophysical survey indicates an earlier discovered near surface lithium brine anomaly on the west side of basinal low. Anomalous lithium values were detected during brine sampling. The highest value was 80 mg/L.
In October, American Lithium announced the results of its initial sampling program on the Tonopah Lithium Claims, (TLC Project). The TLC Project is an early stage 1,550 acre lithium claystone project. It is situated minutes from the mining center of Tonopah, Nevada, and required infrastructure.
Mr. Mike Kobler, American Lithium Chief Executive Officer, stated, "Confirmation of the high grade nature of the TLC Lithium claystone results validates the potential of the TLC Project. TLC lithium assays are similar to grades at the nearby world-class Rhyolite Ridge Claystone deposit and also Cypress Development's Clayton Valley Claystone deposit. With great infrastructure and room to grow, the TLC project is well positioned for drill testing and development."
American Lithium Corp. (LIACF), closed Wednesday's trading session at $0.479847, up 2.10%, on 472,938 volume with 154 trades. The average volume for the last 3 months is 114,457 and the stock's 52-week low/high is $0.1753/$0.685.
The QualityStocks Company Corner
- Cyberfort Software, Inc. (CYBF)
- Cannabis Strategic Ventures, Inc. (NUGS)
- Marijuana Company of America Inc. (MCOA)
- Youngevity International, Inc. (NASDAQ: YGYI)
- Pressure BioSciences Inc. (PBIO)
- Net Element, Inc. (NASDAQ: NETE)
- Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF)
- Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF)
- ChineseInvestors.com (CIIX)
- Green Hygienics Holdings Inc. (GRYN)
- Plus Products Inc. (CSE: PLUS)
- QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ)
- SinglePoint, Inc. (SING)
- 665 Energy (SSOF)
Cyberfort Software, Inc. (CYBF)
San Francisco, California-based cybersecurity technology company Cyberfort Software (OTC: CYBF) is presently in talks to acquire Just Content, a multi-platform ad-blocker. The company unveiled its initial collection of cybersecurity solutions with the acquisition of Vivio in 2016. To view the full article, visit: http://nnw.fm/zePQ0.
Cyberfort Software, Inc. (CYBF) is a cybersecurity technology company specializing in the acquisition and development of security software, content filtering, and ad blocking technology. Headquartered in San Francisco, California, Cyberfort Software is actively dealing with various cyber threats through the development of innovative protection technologies designed for mobile, personal and business tech devices across multiple platforms.
Committed to the idea that everyone – from individuals to global corporations – should be able to enjoy a digital future free of malicious attacks robbing them of privacy and security, Cyberfort is working to strengthen its portfolio of cybersecurity IPs and stay one step ahead of cyberthreats. The growing plethora of tech devices enveloping everyday life opens the door to increasing cyberattacks through a stunning array of sophisticated cyberthreats. Protecting organizations and individuals with proactive security postures and protective measures is a key component of Cyberfort’s strategy to develop cybersecurity solutions that are smart, simple and efficient.
The company’s 2016 purchase of Vivio, a provider of pioneering AI content filtering and software protection, underscores Cyberfort’s commitment to cybersecurity. Vivio, an iOS 10 ad blocking app, currently serves over 10,000 unique users across iPhone, iPad and Mac. Vivio makes web browsing better, faster and more satisfying by blocking ads and reducing data usage, which also helps save battery life. Continuous ad blocking rule updates are delivered via an Intellectual Property Cloud-based autonomous engine with ad blocking tracker and malware detection filters.
Cyberfort recently signed a letter of intent to acquire Just Content Software which includes the Just Content app, software and underlying source code. Just Content is an efficacious and multi-functional ad blocking app that safeguards families and businesses with proprietary “Home Safe Filter” and “Business Filter” products. The Just Content app is available on iTunes and protects against unsafe links, adult content, phishing sites and inflammatory hate speech found on the internet, among other potential backdoor attacks and cyberthreats. A due diligence review is underway and a final determination regarding this acquisition is anticipated within weeks.
“Cyberfort aims to become a leader in developing cutting edge ad-blocking protective software that keeps the internet safe for families and business, which in our highly technological and immediate information-access society is a significant concern. Acquiring Just Content furthers our commitment to provide the best and most effective ad-blocking software in the marketplace,” says Cyberfort CEO Daniel Cattlin.
Favorable government regulations promoting tightened web security is a major factor driving adoption of web content filtering solution along with the public’s growing desire to better manage network bandwidth consumption and protect their online security and privacy. Cyberfort’s objective is to protect the data and integrity of personal and business computing assets and defend those assets against any threat or attack. The company’s software also offers symbiotic ad-blocking capabilities to complement its cyber defense effectiveness.
As Cyberfort continues to innovate, the Vivio team intends to leverage the current user base as a sandbox to test and optimize future incremental developments targeting an enterprise suite of tools that can be integrated into sector specific areas of growth. Key areas of focus include mobile device management, bring your own device (“BYOD”), mobile app management and secure mobile browser.
The Cyberfort leadership team is headlined by Cattlin, who offers a new age perspective to the business with expertise in project and asset management and a background in corporate finance. Cattlin brings both the operational and financial understanding to take companies from start-up and early development to expansion and capital growth within a public environment.
Chief Technology Officer Tomas Mistrik helped his team deliver a variety of technological products including the Vivio ad-blocking app for iOS 10 and the Silicon Valley-based Synergykit platform for mobile developers.
Technology Development Manager Krishna Kumar brings more than 10 years of experience in the Information Technology industry where he provided powerful security and ad-blocking measures for companies such as CSC and PayPal India.
Senior Advisor Harish Doddala brings nine years of product management and software engineering experience, delivering results for Cisco, VMware, Oracle, IBM and Siemens.
Cyberfort Software, Inc. (CYBF), closed the day's trading session at $0.10, up 66.67%, on 3,150 volume with 4 trades. The average volume for the last 3 months is 28,973 and the stock's 52-week low/high is $0.0601/$69.00.
- NetworkNewsBreaks – Cyberfort Software, Inc. (CYBF) Developing its Portfolio of Cyber Protection Offerings
- Cyberfort Software, Inc. (CYBF) Sees a Digital Future without Fear of Cyberattack
- Cyberfort Software, Inc. (CYBF) Combats Cybersecurity Challenges in a World Where Elections Can be Hacked
Cannabis Strategic Ventures, Inc. (NUGS)
As the cannabis industry sees its profits and legitimacy rise, the market potential is drawing increased attention from big investors. Cannabis Strategic Ventures (OTC: NUGS) shows this integrated approach, bringing together cultivation, product sales and personnel services for the cannabis industry.
Cannabis Strategic Ventures, Inc. (NUGS), headquartered in Los Angeles, California, is focused on supporting entrepreneurial growth within the fast-growing legal cannabis sector. Through a selective portfolio of subsidiaries, Cannabis Strategic Ventures offers outsourced personnel solutions tailor-made to match the growth dynamics of cannabis cultivators, manufacturers, dispensaries and other cannabis marketplace participants. The company also pursues investment opportunities in the areas of real estate, cultivation, extraction, distribution, packaging, dispensary operations, and branded products within the cannabis space.
The legalization of adult-use sales in California is expected to create nearly 99,000 cannabis industry jobs in the state by 2021, representing about a third of all cannabis jobs nationwide, and 146,000 jobs overall when indirect and induced efforts are considered, according to Arcview Market Research. By 2021, direct cannabis industry employment will top 291,500 FTE jobs, with a total employment effect of nearly 414,000 FTEs across all legal cannabis states, according to the report.
Cannabis Strategic Ventures believes its staffing capabilities will be in a similar state of demand. The company in April 2018 completed a definitive agreement to acquire Worldwide Staffing Group, Inc., which booked approximately $1.5 million in revenues in 2017.
Worldwide will operate within Cannabis Strategic Ventures as an independent and separate wholly owned subsidiary providing strictly non-cannabis related employment and staffing services. As Worldwide continues to expand its operations in general clerical and administrative, marketing, accounting, and other verticals, Cannabis Strategic Ventures will leverage the subsidiary’s expertise to expand its business operations further into the cannabis staffing arena, with an emphasis on the California markets.
Cannabis Strategic Ventures’ BudHire™ subsidiary is an outsourced employment service specifically designed to meet the needs of growing cannabis-related business operations, utilizes a proven recruiting formula to match the most qualified candidates to a broad spectrum of cannabis-related jobs. Under the BudHire™ brand, Cannabis Strategic Ventures offers temporary, seasonal, permanent staffing solutions, as well as professional employment organization services and human resources consulting to the cannabis industry.
Cannabis Strategic Ventures portfolio also includes Pure Applied Sciences Inc. and its brand “PureOrganix™,” a line of high quality concentrate, organic and pure cannabis oils that conform with Current Good Manufacturing Practices (cGMP) and meet FDA guidelines for Active Pharmaceuticals Products (API). The acquisition includes all intellectual properties, including formulations and technologies, and related accessories of Pure Applied Sciences.
Cannabis Strategic Ventures Pure Applied Sciences subsidiary, has a cannabis concentrate extraction services agreement with CP Logistics LLC (“CPL”), a wholly owned U.S. subsidiary of Sunniva Inc. (CSE:SNN) (OTCQX:SNNVF). Under this agreement, CPL will perform white label services producing high quality, ultra-purified cannabis extracts out of its Sun-Oil Facility in Cathedral City, California, for Pure Applied Sciences under the Pure Organix brand name.
The management team at Cannabis Strategic Ventures believes there is incredible opportunity to carve-out and control specific industry niches, to create unique cannabis consumer branded products, and to expand into other sub-sectors of the cannabis marketplace.
Cannabis Strategic Ventures, Inc. (NUGS), closed the day's trading session at $3.6685, up 18.34%, on 58,723 volume with 214 trades. The average volume for the last 3 months is 105,844 and the stock's 52-week low/high is $0.0309/$7.13.
- Investors Flock to Cannabis Market as Business Booms
- NetworkNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Takes Necessary Steps to Uplist to a National Exchange
- Cannabis Strategic Ventures Focuses on Expanding Brand Portfolio to Include Cannabis Cultivation Operations
Marijuana Company of America Inc. (MCOA)
CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Marijuana Company of America, Inc. (OTC: MCOA), a client of CNW that focuses on product research and development of legal hemp-based consumer products containing CBD under the brand name "hempSMART," an affiliate marketing program to promote and sell its legal hemp-based consumer products, leasing of real property, and the expansion of its business into ancillary areas of the legalized cannabis and hemp industry. To view the full publication, titled “Industrial Hemp Floodgates Open as CBD Demand Grows,” visit: http://cnw.fm/pw5TB.
Marijuana Company of America Inc. (OTC: MCOA) (the “Company”) are pioneers in the cannabis industry going back to 2009 when Don Steinberg, MCOA’s CEO, founded the first marijuana company ever to trade on a U.S. stock market, Medical Marijuana Inc. Since then, Don and his partner, Charlie Larsen, have formed Global Hemp Group and Marijuana Company of America. They have experienced the shift of legislation first hand, not only for the legalization of marijuana but also the emerging hemp-based CBD products.
The CBD market is growing exponentially and consequently the founders of MCOA have constructed their business model around the development of industrial hemp-based CBD products. The industrial hemp plant can be used to produce products that are carbon neutral or even carbon negative. It is one of the longest, strongest natural fibers on earth, used as a building material that is free of mold, pesticide-resistant, and fire proof. Hemp has also been described as a “super food,” which provides additional business opportunities. No part of the plant is left unused and the Company’s overall strategy is to take advantage of every profit center from farm to the multiple valuable finished products.
The cannabis and hemp industries are experiencing unprecedented growth that is expected to continue for many years as these industries are now accepted globally and continue to mature and expand. North American consumers spent $6.7 billion on legal cannabis products in 2016, up 34% from 2015’s $5 billion. This trend is widely expected to explode at a 27% compounded annual growth rate to reach $22.6 billion by 2021, according to ArcView Market Research.
The company offers investors the opportunity to be on the forefront of cannabis and hemp innovation through cultivation, processing in the legal cannabis and industrial hemp sectors. The Company’s business model includes producing a diverse portfolio of synergistic business segments that provide value to its shareholders. Its vertically integrated business model and distribution platforms are positioned to capture market share by developing recognizable and valuable brands.
Under the MCOA umbrella, wholly owned subsidiary hempSMART™, Inc. is committed to bringing high quality CBD-based products to the market through its affiliate marketing program. Through hempSMART, MCOA’s strategic approach to the distribution of products is through a networking architecture geared to maintain customer loyalty and capture market share. The patent-pending product “hempSMART Brain,” is designed to revolutionize the safe and effective support of healthy brain function. The brand new product, HempSMART DROPS, is a full-spectrum CBD tincture formulated with hemp and fractionated coconut oils. The hempSMART marketing team has decades of experience, and is well positioned to take the hempSMART brand to a global audience.
Marijuana Company of America Inc. (MCOA), closed the day's trading session at $0.0216, up 2.86%, on 23,294,378 volume with 650 trades. The average volume for the last 3 months is 9,206,258 and the stock's 52-week low/high is $0.019/$0.0728.
- CannabisNewsWire Announces Publication on the CBD Market’s Immense and Largely Untapped Global Potential
- Hemp CBD Market Continues to Dominate Cannabis News as CBD-Infused Products Become More Mainstream
- Marijuana Company of America’s hempSMART™ Brand Announces Strategic Partnership With “As Seen on TV” to Launch Commercial Ad Campaign
Youngevity International, Inc. (NASDAQ: YGYI)
Youngevity International, Inc. (NASDAQ :YGYI) a leading omni-direct lifestyle company, announced today that it will host a conference call on Tuesday November 13, 2018 at 1:00 PM Eastern Standard Time, (10:00 AM Pacific Standard Time), to discuss the Company's financial results for the quarter ending September 30, 2018, which it plans to release earlier that day during the premarket.
Youngevity International, Inc. (NASDAQ: YGYI) is a leading omni-direct lifestyle company offering a hybrid of the direct selling business model that includes e-commerce and the power of social selling. Among the Top 100 Global Direct Selling Companies, Youngevity offers products from the six top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, and a range of innovative services. Created through the 2011 merger of Youngevity Essential Life Sciences with Javalution® Coffee Company, today’s Youngevity International Inc. is a virtual worldwide Main Street of products and services under one corporate entity that supports a healthy and empowered lifestyle.
Youngevity International is dedicated to improving lifestyles through the universal desires of vibrant health and flourishing economics. Catering to health-conscious consumers, Youngevity believes that combining the best of the direct selling industry with the fundamentals and capabilities of a traditional business model will maximize shareholder value. The company’s Nutritional, Lifestyle and Telecommunications products and services are distributed through a global network of Preferred Customers and Distributors.
Youngevity’s wholly owned CLR Roasters LLC business line offers quality branded and private label coffee to retail stores, office coffee services, hospitality, food services, distributors, convenience, petrol stores and vending businesses. Today, CLR Roasters is the largest coffee provider for cruise lines in North America and the second largest roaster in the state of Florida. Producing a consistent premium product with superior taste, CLR Roasters has earned numerous certifications that demonstrate the company’s commitment to the craft of providing the highest quality coffee products using the best practice standards available.
Youngevity, operating in the direct-selling channel, is rapidly expanding its product and distributor base through acquisitions and mergers under an innovative concept called “the Network Cloud” that provides other direct selling companies with a home base. The company’s YoungevityGO2 mobile distributor app, a new technology-driven web platform supporting expansion of global e-commerce and social selling platforms, is available on Google Play and the App Store. In addition to the Network Cloud concept, Youngevity International owns CLR Coffee Roasters which operates a traditional coffee roasting business offering a JavaFit® gourmet product line that vertically integrates with Youngevity and its growing network of direct marketers.
Youngevity International offers more than 1,000 high quality, technologically advanced products under the following categories:
- Health and Nutrition
- Home and Family
- Food and Beverage
- Spa and Beauty
- Essential Oils
- Photo and scrapbooking
- Services for Home and Business
Youngevity International Inc. has compiled a best-in-class management team with a strong track record of success in private and public companies. Steve Wallach, CEO, has nearly two decades of sales and network marketing experience and has successfully guided Youngevity International Inc. to become an international, publicly-traded direct marketing company positioned for worldwide growth. Dave Briskie, president and CFO, has shepherded the company’s development into a fully vertical coffee roasting and distribution company that owns the direct marketing brand JavaFit® and the retail brand, Café La Rica.
Youngevity has also attracted a stunning group of Brand Evangelists who endorse its products. Among these are actress, author and well-known health and wellness activist Marilu Henner; former NBA basket player, Mike “Stinger” Glenn; former NFL wide receiver Drew Pearson; “Greatest Natural Bodybuilder in the World” Gene Nelson; and WNBA champion, Olympic gold medalist Delisha Jones.
Youngevity International, Inc. (NASDAQ: YGYI), closed the day's trading session at $9.14, up 14.68%, on 514,686 volume with 2,590 trades. The average volume for the last 3 months is 510,792 and the stock's 52-week low/high is $3.167/$16.25.
- Youngevity International, Inc. (YGYI) to Host Third Quarter 2018 Earnings Conference Call to Review Financial Results and Provide Corporate Update
- NetworkNewsBreaks – Youngevity International, Inc. (NASDAQ: YGYI) to Utilize Unique Business Model in the Cannabis Space
- Youngevity International, Inc. (NASDAQ: YGYI) CEO to Speak at the Cannabidiol Symposium
Pressure BioSciences Inc. (PBIO)
Pressure BioSciences, Inc. (OTCQB: PBIO) (''PBI'' or the ''Company''), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and platform technology solutions to the worldwide life sciences industry, today announced that Dr. Bradford A. Young has joined the Company as Sr. Vice President and Chief Commercial Officer (''CCO'') effective Monday, November 5, 2018.
Pressure BioSciences Inc. (PBIO) develops, markets and sells proprietary laboratory instrumentation and associated consumables to the life sciences sample preparation market. Sample preparation refers to the wide range of activities that precede most forms of scientific analysis. It is often complex and time-consuming, yet a critical part of scientific research. The market for sample preparation products is currently estimated at $6 billion worldwide.
The Company’s product line can be used to exquisitely control the sample preparation process. It is based on a patented, enabling technology platform called pressure cycling technology (“PCT”). PCT uses alternating cycles of hydrostatic pressure between ambient (14.5 psi) and ultra-high levels (up to 100,000 psi) to safely and reproducibly control critical biological processes, such as the lysis (breakage) of cells, the digestion of proteins, and the inactivation of pathogens.
Pressure BioSciences’ product line is led by its newly released, next-generation Barocycler 2320EXTREME instrument. Named a finalist in the prestigious 2017 R&D Awards (also known as the “Oscars of Innovation”), the Barocycler 2320EXT is already being touted by some key opinion leaders as an essential element of the $1.8 billion U.S. “Cancer Moonshot” program. For example, Professor Phil Robinson, Co-head of the cancer research center of the Children’s Medical Research Institute (Sydney, Australia), said in a recent interview: “We are collecting the whole proteome on 70,000 tumor samples from all classes where complete clinical outcome is known. Due to its unique capabilities, the Barocycler 2320EXT has become a critical part of our program. It is the primary enabler of the high-throughput component of the project. Without this step, our project simply could not be done. In fact, the Barocycler 2320EXT works so well we have just purchased two more.”
Momentum is building when it comes to the potential for using the Company’s unique PCT technology platform. Leading scientists are intrigued by Pressure BioSciences’ approach, which among other attributes, revolutionizes the process of rupturing cells (lysis) for further study, yielding superior biomolecules for investigation. The Company’s technology transcends current methods of breaking open cells, which use chemicals, blades, metal beads, or other damaging and altering methods that can ultimately adversely affect the result for researchers. Pressure BioSciences’ PCT technology utilizes customized, controlled hydrostatic (water) pressure to rupture cells in a chamber, enabling exquisitely customized levels of pressure to optimally break open different types of cells at prescribed pressure levels—something never before accomplished in a commercial setting. Using this pioneering method, the result is a truer, more legitimate sample, which boosts the efficacy of research and the quality of results. The potential impact of this technology on scientific advancement is enormous, enabling research scientists to begin their studies with biological samples of unprecedented integrity, with the potential to improve research outcomes at the earliest, most critical step. PCT can additionally inactivate pathogens (e.g., viruses, bacteria) using hydrostatic pressure, making the samples safer to study—another innovation with astronomical potential for application in a variety of markets.
The Company’s high-pressure instruments for research purposes are marketed throughout the United States, Europe, China and Japan. To date, Pressure BioSciences has installed nearly 300 PCT Systems in over 165 leading academic, government, biotech and pharma laboratories around the world. Its primary applications are in biomarker discovery, forensics, agriculture and pathology. Over 100 scientific papers have been published on the advantages of the PCT platform, which is also being used in the specialized fields of drug discovery and design, bio-therapeutics characterization, soil and plant biology, vaccine development and histology.
Impressive as their biotech business is, there is more to the PBI story. Pressure BioSciences recently received two patents in China for its novel Ultra Shear Technology (UST), a process that has potential in a wide range of industrial applications, including extending the shelf life of some food products and making two insoluble liquids (like oil in water) soluble. Patents have also been filed in many other countries worldwide. UST is a novel technique based on the use of intense shear forces generated from ultra-high-pressure valve discharge.
This important technology has the potential to play a significant role in a number of commercially important areas through its ability to create high-quality, stable nanoemulsions. Scientific studies indicate that improved absorption, higher bioavailability, greater stability, lower surfactant levels and other advantages can be achieved with nanoemulsions – all hugely important factors in the fields of nutraceuticals, cosmetics, pharmaceuticals, and in various medical products. There is an enormous opportunity in the cannabis market, since the technology can potentially reduce oil droplets containing cannabidiol (CBD) to nanoparticles, after which they can be safely suspended in a stable water solution—something many companies have endeavored to achieve without success. Researchers looking for a way to increase the bioavailability of cannabinoids in the body will find this technology a game changer.
The Company’s UST technology also has possibilities in the production of clean label foods, which are currently processed using several innovative methods, including high-pressure treatments (such as Starbucks’ Evolution line of juices). In 2015, the worldwide market for high-pressure processed (HPP) food was estimated at U.S. $10 billion. UST uses ultra-high pressures and certain valves to generate intense shear forces under controlled temperature conditions to produce nanoemulsions, and which also significantly reduces food-borne pathogens. Pressure BioSciences’ initial focus with this technology will be to evaluate UST for the production of high-quality dairy products and beverages.
Pressure BioSciences Inc. (PBIO), closed the day's trading session at $2.75, up 4.56%, on 9,260 volume with 40 trades. The average volume for the last 3 months is 2,561 and the stock's 52-week low/high is $2.59/$5.00.
- Bradford A. Young, Ph.D., MBA Joins Pressure BioSciences as Chief Commercial Officer
- NetworkNewsBreaks – Pressure BioSciences Inc.’s (PBIO) New HUB880 Explorer Enables Researchers to Reach Higher Pressure Levels
- Pressure BioSciences Accelerates Development of Novel Ultra Shear Technology Platform to Pursue Commercialization into Major New Markets
Net Element (NASDAQ: NETE)
CannabisNewsAudio announces the Audio Press Release (APR) titled “Payment Solutions Among Innovations in the Fast-Growing Cannabis Industry,” featuring Net Element, Inc. (NASDAQ: NETE). To hear the CannabisNewsAudio version, visit: http://cnw.fm/3YB3q. To read the full editorial, visit: http://cnw.fm/8NlgM.
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.
With an eye on emerging markets, Net Element is pursuing growth opportunities and footholds in a number of industries. The company’s most recent application of its technology is to the cannabis industry, which is paced to hit $591 million and could increase 40 times in the next four years. This rampant growth also creates heightened need for smooth transactions between merchants and consumers. Payment processing and compliance for the cannabis industry has become increasingly complex, and Net Element’s Unified Payments subsidiary is addressing the challenges by offering a compliant, seamlessly integrated payment solution that makes it simple to transact.
Net Element has also launched a 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 $6.55, up 7.03%, on 393,806 volume with 2,117 trades. The average volume for the last 3 months is 278,560 and the stock's 52-week low/high is $3.47/$33.51.
- CannabisNewsAudio Announces Audio Press Release (APR) on Net Element, Inc. Eying Perfect Sector to Act on Its Vision
- Net Element Launches Aptito on the World’s First Smart Payment Terminal
- CannabisNewsWire Announces Publication on Anticipated Growth Driving Constant Innovation in the Cannabis Industry
Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF)
Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) was highlighted today in a report which examines how the cannabis sector is currently riding a notable high as legalization continues to sweep the globe, with Canada becoming the most recent and largest country to date to legalize the substance for recreational use.
Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF), is committed to providing premium brands and products that reflect the company’s knowledgeable customers, passionate employees, and culture of innovation. Supreme Cannabis’ mission is to grow the world’s best cannabis and become a leader in the global industry. The company calls its Toronto Venture Exchange stock symbol FIRE “a testament to our passion for cannabis and our obsession with quality.”
Supreme Cannabis believes the world is ready to follow Canada’s lead by ending the 100-year cannabis prohibition and, as Canada’s only coast-to-coast premium cannabis producer, the company sees itself at the center of this global shift.
In August 2018, Supreme Cannabis uplisted its shares to the to OTCQX market in the U.S., where the company trades under the ticker symbol SPRWF. The following month Supreme reported record Q4 revenues of CAD$3.55 million, a 71-percent increase over the previous quarter. Supreme Cannabis also recorded revenue of CAD$8.85 million for its fiscal year ended June 30, 2018, placing it among publicly traded Canadian cannabis companies with the highest reported revenue in their first four quarters of sales.
“As a result of the successful execution of our strategy, we have generated significant revenue growth both for the quarter and the year-end period,” Supreme Cannabis CEO Navdeep Dhaliwal stated in a news release. “We look forward to building on this growth as we expand domestically and internationally.”
The company’s growth strategy includes key industry agreements, such as its CAD$12 million supply agreement with Tilray Inc. (OTC: TLRY), a global leader in cannabis research, cultivation, processing and distribution. The agreement calls for Supreme to supply Tilray with dried cannabis for support of medical cannabis patients in Canada for the period of one year.
Another key component is the company’s wholly owned 7ACRES subsidiary. The 7ACRES cultivation facility, one of the first 40 federally licensed cannabis producers in Canada, is focused on building a core competency in scaled cannabis production, which will give 7ACRES the needed flexibility to maintain leadership in the industry as the Canadian market grows and matures. Though 7ACRES is Supreme Cannabis’ flagship brand and only currently operating business unit, the company will continue to identify new opportunities to grow its portfolio of companies and build innovative cannabis businesses throughout the world.
7ACRES operates from a 342,000-square-foot cultivation facility in Kincardine, Ontario, and has been federally licensed since 2016. Current capacity is 13,333 kilograms dried cannabis annually, with plans to ramp up production by mid-2019 to a rate of 50,000 kilograms per year.
Supreme Cannabis seeks to differentiate 7ACRES from other licensed cannabis producers by producing premium quality product sustainably at scale. “Craft quality, commercial scale” is a slogan the company uses, and the Kincardine greenhouse employs state-of-the-art technology and cultivation best practices to strive toward that goal. Supreme identifies the quality of the 7ACRES product as the company’s primary strength and says a shared “passion for the plant” is the driver of company culture. Six Canadian provinces have signed supply agreements with Supreme, a fact the company credits to the high quality of 7ACRES cannabis.
Its customers, Supreme Cannabis management says, are informed and discerning regarding cannabis, and they value a premium brand that respects their product knowledge. The company believes its high regard for customers, premium product quality, and mass cultivation capability has allowed Supreme Cannabis to emerge as Canada’s preeminent premium cannabis producer. In the Canadian cannabis market, the company has established 7ACRES as a premium brand that’s distributed coast-to-coast and commands premium pricing. The 7ACRES brand is already listed as premium cannabis product in all provinces that disclose their cannabis listing categories, and 7ACRES on average wholesales for up to one-third higher in price than other brands in the Canadian cannabis market.
To further its distribution, in the medical cannabis market Supreme Cannabis has partnered with several Canadian cannabis retailers including Aurora Cannabis, Emerald Health Botanicals, Namaste, Zenabis, and others. The company’s investment portfolio also includes an equity position and long-term global distribution partnership with Medigrow, based in Lesotho, targeting the export of medical cannabis oil for the international market.
Supreme Cannabis seeks to make the company an innovator in the cannabis sector regarding design of cultivation facilities and development of operation excellence metrics. The management team is confident that the 7ACRES flagship brand, the company’s proprietary technology and products, and the company’s culture of passion for cannabis will deliver consistent long-term shareholder value.
Supreme Cannabis Company Inc. (OTC: SPRWF), closed the day's trading session at $1.48, up 4.96%, on 684,332 volume with 618 trades. The average volume for the last 3 months is 903,838 and the stock's 52-week low/high is $0.95/$2.79.
- Innovation in Cultivation Services & Operations Management Generating Big Revenues in Booming Cannabis Industry
- Early Cannabis Legalization Struggles Could Yield Opportunities -- CFN Media
- As the Cannabis Industry Grows, So Do Challenges of Supply and Distribution
Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF)
A recent report on the electric vehicle (EV) market should bring good cheer to investors of Lithium Chile Inc. (TSX.V: LITH) (OTCQB: LTMCF). “Our latest forecast shows sales of electric vehicles (EVs) increasing from a record 1.1 million worldwide in 2017, to 11 million in 2025 and then surging to 30 million in 2030 as they become cheaper to make than internal combustion engine (ICE) cars”, wrote analysts at Bloomberg New Energy Finance (BNEF) (http://nnw.fm/xZ2hM).
Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF), headquartered in Canada, is advancing one of the largest lithium-rich exploration portfolios in Chile consisting of more than 148,000 hectares covering sections of 13 salars or mineral salt flats and one laguna complex. The company’s wholly owned premier properties include 66 square kilometers on the Salar de Atacama, Chile’s largest mineral salt flat which hosts the world’s highest concentration of lithium brine production and is currently the source of about 35 percent of the world’s lithium production. Lithium Chile also owns a significant copper/gold/silver property portfolio consisting of 28,184 hectares over six different properties.
Lithium Chile’s portfolio in the heart of Chile’s lithium-rich salars includes Salar de Coipasa, Salar de Helados, Salar de Atacama, Salar de Turi Salar de Ollague and Salar de Talar. Surface and near surface salt and brine sampling programs on all properties has been completed. To date, samples of high-grade, near-surface lithium brines at each of these projects are showing excellent chemistry of lithium to potassium and lithium to magnesium ratios. Good chemistry is important as it reduces your overall cost of production. Recent geophysical surveys including T.E.M have been completed on 5 of 6 priority targets and data collected to date has been extremely encouraging.
Lithium Chile has identified multiple high-priority brine target areas at its Atacama and Ollague lithium project areas. These areas display the same geophysical characteristics as the lithium-rich aquifers at Salar de Atacama, home to the world’s largest and highest-grade lithium brine producers. Spanning an area of 1,200 square miles, Salar de Atacama is the world’s third largest salt flat behind Salinas Grandes in Argentina and El Salar de Uyuni in neighboring Bolivia. Exploration drilling and resource definition drilling for these target areas are planned for 2018.
“We are delighted with the discovery of such impressive drill target areas at Atacama and Ollague. The results also follow the recent discovery of a 60km2 target area at another of our top Chilean projects – Helados – where we hope to drill in the second quarter of 2018,” stated President and CEO Steve Cochrane. “We have an aggressive multi-project drill program planned for this year, which includes all three of these exciting projects and we look forward to sharing drill results as they come through.”
Global demand for lithium-ion batteries is expected to surpass US$53 billion by 2024 as governments around the world aggressively seek to ban gas-powered vehicles and major automakers invest billions in new technology and electric vehicles powered by lithium-ion batteries. Chile’s mining-friendly jurisdiction offers Lithium Chile a clear, streamlined permitting process that significantly lowers the cost of lithium production to around $1,800/ton as compared to Australia’s $5,000/ton.
Lithium Chile is led by an experienced team with strong Chilean connections. Cochrane’s 36 years of investment industry experience have primarily been focused on the mining sector. During this time, he raised more than US$500 million for a variety of small cap public companies in various businesses and industry sectors including mining.
Terry Walker, P.Geol., vice president of exploration and chief geologist, is a highly experienced geologist. He has spent over 25 years in Chile’s mining industry and is well connected throughout the sector. Walker is co-founder of GeoServicios Piedra Dorada, an exploration and development services company focused on Latin America. He is a Qualified Person for the North American and Australian stock exchanges.
Lithium Chile is well funded and driven by a top-tier team with more than 100 years of combined experience in financing, mining exploration and development in the natural resources sector.
Lithium Chile Inc. (LTMCF), closed the day's trading session at $0.4521, up 4.24%, on 11,592 volume with 12 trades. The average volume for the last 3 months is 50,474 and the stock's 52-week low/high is $0.4225/$0.97.
- Lithium Chile Inc. (TSX.V: LITH) (OTCQB: LTMCF) is Prepared for 2023-24 Supply Squeeze
- Initial Results Boost Anticipation for Lithium Chile Inc. (TSX.V: LITH) (OTCQB: LTMCF) Exploration Efforts in Rich, Wholly Owned Locations
- NetworkNewsBreaks – Lithium Chile Inc. (TSX.V: LITH) (OTCQB: LTMCF) Embraces Favorable Location in Chile
ChineseInvestors.com (OTCQB: CIIX) was featured today in a report by CannabisNewsWire. Canadians who are queuing to buy recreational marijuana may be unwittingly making it harder to be allowed to travel to the U.S. if the federal government in America doesn’t soften its hard stance on the marijuana industry. This concern takes on greater importance given that federal agents at entry points have the leeway to perform any background check necessary before admitting someone into the country. Those background checks can include looking into how someone has been using his or her credit cards.
Founded in 1999, ChineseInvestors.com (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 $0.64, even for the day, on 11,592 volume with 142 trades. The average volume for the last 3 months is 50,474 and the stock's 52-week low/high is $0.365/$1.58.
- 420 with CNW – Using Your Credit Card to Buy Pot in Canada Could Affect Your US Admissibility
- ChineseInvestors.com, Inc.’s (CIIX) October Presentation Available On-Demand
- ChineseInvestors.com, Inc. Presents at National Investment Banking Association NIBA 2018
Green Hygienics Holdings Inc. (GRYN)
Full-scope, premium cannabis company Green Hygienics Holdings (OTC: GRYN) recently acquired the Canna Brands Portfolio, which the company will utilize to advance its business model. GRYN intends to use the suite of products as a platform to introduce its existing portfolio into vertical markets. To view the full article, visit: http://nnw.fm/Pq0uQ.
Green Hygienics Holdings Inc. (GRYN) is a full-scope, premium cannabis cultivation company targeting the high-end medical and adult-use recreational market. With more than 25 years of experience in agricultural science and innovation, Green Hygienics is establishing itself as a leader in the advancement of science-driven cannabis cultivation systems. The company will grow by generating revenues from the sales of premium grade cannabis products, developing and licensing valuable IP, making strategic acquisitions, and creating trusted global consumer brands.
The company has integrated and is developing its own IP assets related to proprietary systems and apparatus, software, algorithms and custom-engineered hardware. This provides ultimate efficiencies in a commercially controlled cultivation environment. Utilizing the advantages of hybrid-aeroponics, Green Hygienics creates a sterile growing environment that produces consistent, high-quality product while maintaining the lowest possible carbon footprint. The company utilizes state-of-the-art, quality-controlled commercial cultivation methodology to assure production of pharmaceutical-grade cannabis at much higher yields and greatly reduced costs.
Hybrid-aeroponics produces quality cannabis faster than traditional methods since it doesn’t require natural sunlight or soil and can be operational and produce plants anywhere. Plants grown under aeroponic conditions receive water and nutrients directly to their roots via a fine mist in a controlled environment, dramatically reducing spoilage while keeping the product organic and the environment pest-free. The plants are given the exact amount of nutrients and moisture precisely when needed. Green Hygienics maintains ultimate control over every aspect of this cultivation process, which allows the company to operate with conservation of natural resources in mind. The technology that uses 90-95 percent less water and does not require the use of pesticides or fungicides.
Additionally, the company’s state-of-the-art engineered, controlled environments include electrical, mechanical and HVAC designs that meet mandatory fire and energy codes while improving energy efficiency significantly.
Through these practices, Green Hygienics is establishing itself as a leader in the advancement of science-driven cannabis cultivation systems. The company continues to develop and incubate software as well as engineer hardware to provide additional control over the commercial cultivation method. The company’s science-based approach reveals any growth anomalies before the human eye can see them. This makes it possible to monitor all facets of production, identify cultivation problems based upon scientific data, and implement immediate corrective action, if needed.
The future of commercial cannabis cultivation hinges on using science to control the growing environment in order to remain competitive and deliver a premium grade of product on a consistent basis. The company holds a competitive advantage through its ability to produce premium cannabis products at a significantly lower cost per gram than direct competitors and others in the cannabis industry.
Innovations within the sector that create efficiencies and successful brands will become highly valued. Green Hygienics and its forward-thinking management team are constantly studying the market dynamics of the cannabis industry in North America and abroad while actively pursuing possible expansion opportunities. The company is headquartered in Las Vegas, Nevada and establishing operations in San Diego, California, targeting the $5 billion California cannabis market.
Green Hygienics Holdings Inc. (GRYN), closed the day's trading session at $0.475, even for the day. The average volume for the last 3 months is 50,567 and the stock's 52-week low/high is $0.009/$0.508.
- NetworkNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Leveraging Canna Brands Portfolio to Enter Vertical Markets
- Green Hygienics Holdings Inc.’s (GRYN) Acquisition of Canna Brands Portfolio Platform Offers Potential for ‘Substantial Revenues’
- 420 with CNW – Study Shows that Marijuana Ingredient Lowers Public Speaking Anxiety
Plus Products Inc. (CSE: PLUS)
Plus Products Inc. (CSE: PLUS) was featured today in a report by NetworkNewsWire explaining that this San Mateo, California-headquartered, branded cannabis-infused products manufacturer of edibles is “One to Watch.”
Plus Products Inc. (CSE: PLUS) is a branded cannabis-infused products manufacturer of edibles created to support a healthy and active lifestyle. Headquartered in San Mateo, California, PLUS™ concentrates on producing edibles using extracts to ensure compliant, dosable and delicious products that provide a consistent cannabis experience.
First introduced to the market in 2015 to rave reviews, PLUS™ is now one of the top best-selling edible brands in California. PLUS™ operates through a wholly owned subsidiary, Carberry, and has four cannabis-infused gummy candy SKUs (in addition to limited edition SKUs), that are currently sold in over 200 licensed dispensaries and delivery services. All products under the PLUS™ brand are produced in the company’s 12,000-square-foot food-safe cannabis manufacturing facility in Adelanto, California.
PLUS Products shares are currently listed on the Canadian Securities Exchange. PLUS™ raised CAD$20 million through the offering, for which the lead underwriters were PI Financial and Canaccord Genuity. The company intends to use a portion of the IPO proceeds to fund rapid product capacity expansion, factory automation, working capital and new product development.
Operating in the largest adult-use recreational market in the U.S., PLUS Products holds a temporary manufacturing license in California and was one of the first brands to bring fully compliant products to the legal market. California legalized adult use recreational sales on Jan. 1, 2018, and industry analysts expect edible sales there will continue to amass enviable revenues. According to BDS Analytics, edibles made up 18 percent of marijuana retail sales in February 2018 across licensed retailers in California, with PLUS™ products ranking in the Top 10 of edible brands by retail dollar sales.
During the first half of 2018, PLUS Products generated US$2.45 million in sales, a marked improvement over 2017’s US$1.07 million in sales. The company’s established cannabis products are not only compliant with state laws, they are proving to be extremely popular with consumers. Among the PLUS™ product brands are:
- Blackberry & Lemon RESTORE, an infusion of carefully dosed cannabis with a 9:1 THC to CBD per gummy.
- Sour Watermelon UPLIFT, a low-calorie gummy crafted from carefully dosed cannabis with an infusion of 5mg THC per gummy.
- Pineapple & Coconut CBD RELIEF, a tropical flavor gummy made from pure cannabis-derived CBD that is low-calorie, gluten-free and made with kosher ingredients.
- Sour Blueberry CREATE, a low-calorie gummy infused with hybrid flower containing 5 mg THC.
- Limited Edition Rose & Vanilla, available at select locations during Winter 2018, these gummies are crafted with 60 mg THC/30 mg CBD per tin.
- Limited Edition RAINBOW SORBET gummies was created to celebrate Pride during Spring 2018 with a portion of each purchase donated to The Trevor Project, a confidential suicide hotline for LGBT youth.
“We are extremely proud of the products PLUS has brought to market,” remarked Jake Heimark, CEO and cofounder in a statement. “We’ve quickly grown into one of the leading edible brands in California. With the proceeds of this round, we will continue to further our mission: to make cannabis safe and approachable for all types of consumers.”
The PLUS™ team believes that everyone deserves access to consistent, dosable and delicious cannabis products and strives to make that happen. Producing the best infused products at scale requires thoughtful collaboration among experts in many fields. At PLUS™, our team is comprised of Chefs, Chemists, Food Manufacturing Experts, Engineers, Machinists, Visionaries, Creatives, Strategists and others.
Plus Products Inc. (PLUS), closed the day's trading session at $6.85, up 6.20%, on 336,011 volume with 384 trades. The average volume for the last 3 months is 396,819 and the stock's 52-week low/high is $3.51/$6.85.
- Plus Products Inc. (CSE: PLUS) is “One to Watch”
- Plus Products: Top-Ranked Edibles in California -- CFN Media
- CSE New Listing - Plus Products Inc. Commences Trading on the Canadian Securities Exchange - Video News Alert on Investmentpitch.com
QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX-V: QMC) (FSE: 3LQ)
QMC Quantum Minerals (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) is engaged in the acquisition, exploration and development of resource properties. Presently, QMC is working to establish a new North American source of Lithium at its project in southeastern Manitoba. To view the full article, visit: http://nnw.fm/3BoWx.
QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX-V: QMC) (FSE: 3LQ) is a British Columbia based company engaged in the business of acquisition, exploration and development of natural resource properties. QMC’s focus is on creating shareholder value through strategic acquisition and development of high quality lithium, silver, gold, nickel, copper and zinc prospects.
QMC’s current properties are in the Canadian province of Manitoba, one of Canada’s most productive, centrally located mining regions. These resources include the Irgon Lithium Mine project and two Volcanic Massive Sulphide (“VMS”) properties – the Rocky Lake and Rocky-Namew known collectively as the Namew Lake District Project – which contain base metal-rich mineral deposits. Excellent access and well-developed mining infrastructure to the company’s wholly-owned Irgon Lithium Mine Project offers significant value and ramps up the near-term production schedule, putting QMC in a position to take advantage of rising lithium prices.
The region’s historic resource estimate of lithium is well documented in a 1956 Assessment Report developed by a previous owner, Lithium Corporation of Canada Ltd. The project’s historical resource estimate of 1.2 million tons grading 1.51% lithium-oxide over a strike length of 365 meters and to a depth of 213 meters is being updated by QMC through a detailed channel sampling and subsequent drill program.
North Face Software Ltd. recently created an interactive 3-D model of the Irgon Dike utilizing all historical data derived from past drilling and underground work. The 3-D model clearly demonstrates that exploration and underground development has only taken place on the central portion of the dike, leaving significant potential to quickly increase tonnage.
The company’s latest assay results, obtained from 144 channel samples at QMC’s Irgon Lithium Mine Project, provided encouraging and positive results that compare favorably with the historic assays. QMC has received a drill permit from the Sustainable Development Office of the Manitoba government and is in the process of requesting and assessing bids from drilling contractors. The company plans to begin a 2,000-meter drill program to confirm the historic lithium oxide assay results documented in the historic 1953-54 drill program.
QMC’s experienced leadership team includes specialists in mineral exploration, geology, engineering, new business development, marketing and investor relations. The company’s team of qualified advisors includes consultant Bruce E. Goad, P.Geo., who has 40 years of experience in mineral exploration in Canada, Argentina, Asia and Africa. As a Qualified Person, Goad has worked on numerous deposit styles including rare element pegmatites, porphyry, banded iron formation (BIF) gold deposits, skarn, greisens, and VMS. He has a wide and varied skill set which includes precious, base, industrial and rare metal projects with a sharp focus on gold exploration. Goad is the author of several scholarly publications on pegmatite granites of the southeastern Manitoba region.
The market for lithium has surged over the past three years with prices per metric ton tripling. The world’s rising demand for portable power can easily been seen in the electric vehicle and mobile device industries – both of which use lithium-based, renewable batteries as a power resource. QMC’s high potential prospects and experienced management team, both in geology and corporate finance, put QMC and its shareholders in an excellent position to take advantage of the lithium, precious and base metals markets.
QMC Quantum Minerals Corp. (QMCQF), closed the day's trading session at $0.24, up 5.26%, on 15,810 volume with 15 trades. The average volume for the last 3 months is 104,780 and the stock's 52-week low/high is $0.168/$1.46.
- NetworkNewsBreaks – QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) Betting on the Lithium Market’s Potential
- QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) Reports Doubling of Strike Length at Irgon Lithium Dike
- NetworkNewsBreaks – QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) Issues Update Highlighting Spodumene Mineralization at Irgon Project, Including Doubling of Strike Length of Irgon Dike to 800 Metres
SinglePoint, Inc. (SING)
CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring SinglePoint, Inc. (OTCQB: SING), a client of CNW focused on acquiring companies that will benefit from the injection of growth capital and technology integration. To view the full publication, titled “As the Cannabis Industry Grows, So Do Challenges of Supply and Distribution,” visit: http://cnw.fm/592Xy. Also today, CIIX was pleased to announce three additional states have legalized cannabis for medical or recreational use.
SinglePoint, Inc. (SING) is a diversified holding company with operations in multiple industries and verticals including two high-performing market sectors: legal cannabis and cryptocurrencies. SinglePoint has grown from a full-service mobile technology provider to a recognizable brand with a diverse portfolio of undervalued subsidiaries with multiple revenue streams.
SinglePoint is researching opportunities where it can be an active participant by influencing the strategy and direction of high-potential companies whose verified assets offer attractive possibilities for shareholders. The company is guided by a visionary leadership team with extensive experience in technology, engineering, marketing and raising capital.
SinglePoint is bullish on the cannabis industry, bitcoin and blockchain technologies, which is evident in its recent acquisitions and joint-venture announcements. Recent SinglePoint key highlights include:
- A joint venture with Smart Cannabis Corporation (OTC: SCNA) to license and market Smart Cannabis’ SMART APP. SMART APP enables cannabis growers to measure all aspects of cultivation, from soil nutrient levels to watering cycles and carbon dioxide content in the air. SMART APP will integrate SinglePoint’s bitcoin payment solution to enable growers to process safer and more secure transactions.
- A joint venture with Global Payout (OTC: GOHE) will build on existing financial technology solutions developed by SinglePoint and Global Payout’s subsidiary MoneyTrac Technology, Inc., to fully optimize the delivery of mobile payment applications for domestic and international organizations.
- A joint venture with AppSwarm (OTC: SWRM) to start development on a proprietary delivery application that will enable licensed cannabis delivery services and licensed dispensaries to safely make in-home cannabis deliveries.
- Signed original “Shark Tank” member Kevin Harrington as company spokesman for an innovative, compatible virtual wallet to store any type of cryptocurrency. Harrington recently finished shooting a new national ad campaign featuring SinglePoint and the virtual wallet’s secure method of storing cryptocurrencies.
- Entered into a letter of intent to acquire 100 percent of Bitcoin Beyond, a premier platform that enables merchants to accept bitcoin payments using existing web-enabled point-of-sale devices.
- Through SING subsidiary, SingleSeed, the company will soon offer a proprietary cryptocurrency solution that links both cannabis merchants and consumers who seek to take advantage of bitcoin-powered transactions using debit and credit cards. In addition to making bitcoin-backed card purchases possible, the solution enables cannabis dispensaries to digitally track and manage their product inventories, performing tasks like uploading product data, photos and descriptions. The system deducts items automatically from a dispensary’s product listings when a purchase is made. While this fully KYC-AML compliant point-of-sale platform can be utilized for any other retail setting, it will fill a critical need in the underbanked cannabis industry as it continues to seek non-cash payment solutions outside of traditional banking circles.
SinglePoint CEO and founder Greg Lambrecht leads the company in its mission to capture opportunities through an aggressive expansion strategy across a broad range of assets. Lambrecht oversees all company operations including investor relations, leadership of the board of directors, and daily business activities. As the founder of PCI, a leading consumer product distribution company, Lambrecht negotiated agreements with the nation’s largest retail outlets and led PCI through a NASDAQ listed IPO, raising $10 million.
Eric Lofdahl, SinglePoint’s chief technology officer, has more than 20 years of experience in the technology sector including positions in software development, program management, complex system integration and engineering process definition. Prior to SinglePoint, Lofdahl worked at the Boeing Company where he led a team that successfully developed advanced wireless and satellite data products based on commercial technology for the U.S. Air Force.
SinglePoint President Wil Ralston is well known for his successful track record of building and maintaining great relationships with clients. Ralston graduated cum laude from the WP Carey School of Business at Arizona State University with a degree in Global Agribusiness and a specialization in Professional Golf Management. He is currently recognized by the Professional Golfers Association of America (PGA) as a Class A Professional.
SinglePoint, Inc. (SING), closed the day's trading session at $0.0265, off by 1.12%, on 2,583,757 volume with 134 trades. The average volume for the last 3 months is 4,509,237 and the stock's 52-week low/high is $0.0235/$0.133.
- CannabisNewsWire Announces Publication on Supply-to-Market Challenges as Cannabis Industry Rides Repeated Waves of Growth
- SinglePoint Working to Grow as Cannabis Momentum Continues as Multiple States Legalize for Medical and Recreational Use
- As the Cannabis Industry Grows, So Do Challenges of Supply and Distribution
665 Energy (SSOF)
Six Six Five Energy, Inc. (OTCBB: SSOF), formerly Sixty Six Oilfield Services, Inc., announces that it has completed and executed a Letter of Intent (“LOI”) for certain assets to be acquired for cash and stock by 10sion Holdings, Inc., and that the Company supports 10sion’s S-1 filing with the Securities and Exchange Commission on October 29, 2018. To view the full press release, visit: http://nnw.fm/21dU3.
Headquartered in Oklahoma City, 665 Energy (SSOF), formerly Sixty Six Oilfield Services, has been a leading industry expert in the drilling equipment sector of the oil and gas industry for nearly six decades. The company’s sales and rental department provides solutions for domestic and international markets with core offerings that include a wide variety of customized drilling rigs and other select equipment.
665 Energy recently completed the acquisition of Fluid End Sales, doing business as Five Star Rig and Supply, which was established as a family owned business in 1984. The company’s focus continues to be on supplying the oil industry with custom drilling rigs, heavy-weight drill pipe, drill collars, pup joints, pony collars, handling tools, tubing, casing, blow-out preventers, engines, compressors and other select equipment to customers worldwide through its facilities in Oklahoma, Germany and Dubai. The company’s services include the sale of new equipment, sale of refurbished and certified used equipment, as well as rental of oilfield equipment.
Immediate expansion plans include partnering with a rig debt financing company to fund the $40 million purchase of 11 identified oil drilling rigs that have already been appraised. This action represents an incredible opportunity to jumpstart the next phase of growth and expansion.
Company president and CEO Jason Clayton, who started at Five Star in 1993, has worked in and managed all areas of the company including customer growth and sales. Clayton will also remain as president of the subsidiary, Five Star Rig and Supply, and is supported by longtime key staff members including Jimmy Joslin, who has been with Five Star Rig since 1984 and will be responsible for orders processing, inventory control, delivery, logistics and supervision of custom projects such as rig and rig equipment refurbishment, testing and certification. Jim Frazier will assume the role of CFO as the company prepares for further growth and expansion.
According to a research report by Statista, the world’s oil and gas equipment industry is projected to be worth nearly USD$205 billion by 2020 (http://nnw.fm/BzFl8), and as the energy sector continues strong growth in 2018, 665 Energy is well positioned to capitalize on the global trend and will continue to be aggressive in the marketplace.
665 Energy (SSOF), closed the day's trading session at $0.002, off by 33.33%, on 47,096,330 volume with 195 trades. The average volume for the last 3 months is 3,146,992 and the stock's 52-week low/high is $0.0006/$0.019.
- Six Six Five Energy, Inc. Executes LOI for Acquisition of Certain Assets by 10sion Holdings, Inc.
- NetworkNewsBreaks – 665 Energy, Inc. (SSOF) Scaling and Expecting Propelled Growth from Recent Rig Deal
- NetworkNewsBreaks – 665 Energy (SSOF) Provides Equipment to Businesses Operating in Various Areas of the Energy Industry
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