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SPYR Inc. (SPYR) Probing Considerations Aimed at Fueling Expansion Amid Expected Growth in the Internet of Things

  • The ‘Internet of Things’ market is expected to reach a value of between $5.5 trillion and $12.6 trillion by 2030, from $745 billion in 2019, driven by contributions from both businesses and consumers
  • SPYR Inc., through its subsidiary Applied Magix Inc., is considering aligning its interests to tap into this anticipated rapid growth
  • The company is considering developing software for non-branded smart products, adding smart LED lighting products to its portfolio of HomeKit-enabled smart products, and acquiring new product lines or intellectual property

Research released late last year by multinational consulting firm McKinsey posits that the Internet of Things (“IoT”) space will grow through 2030, unlocking a potential economic value of between $5.5 trillion and $12.6 trillion, up from recorded spending of $745 billion in 2019 (https://ibn.fm/Kh1EA). Central to this economic-value potential is the contribution of the customers of IoT products, who are expected to be drawn from both the business-to-business (“B2B”) and business-to-consumer (“B2C”) segments (https://ibn.fm/Z3dyV).

“B2B applications are where the majority of IoT value can be created, with around 65% of the estimated IoT value potential by 2030. But the value of B2C applications is growing quickly, spurred by faster-than-expected adoption of IoT solutions within the home,” the McKinsey report reads.

SPYR (OTCQB: SPYR), dba SPYR Technology, whose Applied Magix, Inc. subsidiary develops and resells Apple(R)-ecosystem-compatible products, is aware of this potential and is positioning itself to tap into the expected growth through a multipronged forward-looking expansion strategy. First, SPYR is considering developing software for non-branded smart products to augment the user experience (“UX”), expanding its portfolio of products without having to undertake new hardware development (https://ibn.fm/xsZx8).

“In our research into viable products to manufacture or carry, we have come across a number of manufacturers in China with well-engineered, often excellent hardware, yet abysmally poor software. Since the software is the main point of interaction for customers, badly designed software inevitably results in a bad customer impression of the product,” commented Applied Magix CEO Dr. Harald Zink. “By selecting well-engineered products and re-engineering a better software to accompany them, we hope to gain the best of both worlds – low development costs (as we don’t have to develop new hardware) and additions to our product line in the form of both the software product, as well as reselling the hardware product with minimal overhead.”

SPYR is also probing the addition of the MagixLux LED lighting line of HomeKit-enabled smart LED lighting products to its existing portfolio of HomeKit-enabled smart products (https://ibn.fm/QLQH0). “There are a number of good LED lightning products already on the market – many of which we recommend – but I felt that we can round out our product line by offering HomeKit compliant LED lighting bulbs and atmosphere-enhancing LED light strips to complement the various HomeKit sensors we are already offering,” noted Zink.

Mordor Intelligence projects that the global smart lighting market, valued at $12.72 billion in 2020, will grow at a CAGR of about 20.26% between 2021 and 2026, nudging the value upwards to top out at $37.41 billion by the end of the forecast period. The firm’s analysts opine that the societal benefits of energy-efficient LED technology could prompt a prodigious number of consumers to adopt smart LED lighting (https://ibn.fm/7LTxY). And SPYR could benefit from this increased interest should it go ahead with its plan.

The company has also set its sights on acquisition targets to add new product lines as well as intellectual property (“IP”) to its current portfolio (https://ibn.fm/yWGud). “I’m always looking for new and innovative technologies, and as a result, have come across several potentially awesome IP targets that may be worth acquiring,” said Zink. “Some of these are AI-based and would complement and expand some of our existing product lines really well. Others represent some significantly innovative technologies that could be at the core of new product lines.”

On his part, SPYR Technologies CEO Tim Matula expressed his appreciation for the work Zink and Applied Magix are doing, further noting that the acquisitions, while complementary, could potentially bring new revenue streams.

It is noteworthy that each of the products and plans that form part of the forward-looking expansion strategy is merely a consideration and is currently speculative. Nonetheless, the company expects to update the general public as soon as the considerations morph into actualized developments.

For product information, please see the Applied Magix website at https://AppliedMagix.com, or specific product sites:

For more information, visit the company’s website at www.Spyr.com.

NOTE TO INVESTORS: The latest news and updates relating to SPYR are available in the company’s newsroom at https://ibn.fm/SPYR

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Aditxt Inc. (NASDAQ: ADTX) Is ‘One to Watch’

  • Aditxt is commercializing new innovations with focus on mapping and reprogramming the immune system
  • Aditxt is actively adding distribution channel partners for AditxtScore(TM) throughout the U.S. and globally
  • The company aims to expand reimbursement coverage for AditxtScore(TM) for COVID-19 from private insurance and public payers while developing and commercializing tests for other indications
  • Aditxt intends to advance its ADi(TM) therapeutics pipeline into clinical trials in the coming months, with initial studies targeting psoriasis, type 1 diabetes, and skin allograft transplantation
  • The company is led by a team of experts coming from a variety of different scientific fields and business backgrounds

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

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

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

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

AditxtScore(TM)

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

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

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

ADi(TM)

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

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

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

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

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

IP Portfolio

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

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

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

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

These patents are broadly categorized into three groups:

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

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

Market Overview

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

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

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

Leadership Team

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

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

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

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

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

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

For more information, visit the company’s website at www.Aditxt.com.

NOTE TO INVESTORS: The latest news and updates relating to ADTX are available in the company’s newsroom at https://ibn.fm/ADTX

Sharing Services Global Corp. (SHRG) Is Creating a Brand that Instills Passion, Loyalty

  • A company’s ability to establish, maintain strong brand equity creates passionate, loyal consumers
  • Creating a community, differentiating are essential steps in building a powerful brand
  • Since inception, SHRG has devoted itself to creating a community where entrepreneurs and consumers alike can find health, wealth and happiness

Creating a recognizable brand is essential to success for companies in any industry, especially in direct sales. Direct Selling News (“DSN”) recently shared key tips to “up your brand game” (https://ibn.fm/oQLYO), and many smart companies in the space, such as Sharing Services Global (OTCQB: SHRG), understand that “creating and maintaining strong brand equity creates consumers that are passionate. And once a consumer becomes passionate about a brand, they assign added value to it.”

In what it calls a “Brand Equity Playbook,” DSN explores the value of creating a community and differentiating. In regards to creating a community, the article observes that “conventional wisdom surrounding brand building almost always lists ‘know your customer’ as the most important thing.

“But knowing who your customer is isn’t nearly enough,” the article continues. “You also need to understand your customer; connect with your customer; and—most importantly—create shared experiences with your customer. It’s imperative to develop a fuller understanding of not just who they are but who they want to be; why they are interested in your products (or your opportunity); what needs your products can fulfill; and what they hope to accomplish from their interaction with you.”

In addition, the article notes that “one of the most crucial steps to building brand equity is to differentiate yourself from the competition. This is especially true for direct sellers. In this channel, you aren’t just marketing products. You are offering a community, an opportunity and a partnership. Be clear—in tangible, compelling terms—what the products can do for your customers and why that matters.”

Sharing Services could be the poster child for these brand-building tips. Since inception, the company has devoted itself to creating a community where both entrepreneurs and consumers can find health, wealth and happiness (https://ibn.fm/LgFJ9). The company has created a place where entrepreneurs can succeed as they work together to serve others in a community where technology is a strength, research is the foundation to excellence in decision making and quality is fundamental to sustainable success. The company further differentiates itself by replacing complexity with simplicity and making timely decisions.

“The best brands live permanently in our imagination,” the DSN article concludes. “We have happy memories and positive experiences we associate with them. Their products help us live better, simpler, smarter or healthier lives. The value they bring us keeps us consistently engaged, entertained and excited.”

SHRG has done a stellar job of incorporating these simple principles in its growing business as it focuses on partnering with business builders and customers alike to build a powerful brand that offers the potential to change people’s lives.

Sharing Services Global Corporation is a publicly traded diversified company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies. The Sharing Services combined platform leverages the capabilities and expertise of various companies that market and sell products direct to the consumer. Its primary division includes Elevacity U.S. LLC, the parent company of the Happy Co. and a sales and marketing company based on utilization of independent contractors as the sales force.

For more information, visit the company’s websites at www.SHRGInc.com, www.TheHappyCo.com, and www.ShareHapiTravel.com.

NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at http://ibn.fm/SHRG

Knightscope, Inc.’s (NASDAQ: KSCP) Autonomous Security Robots Facilitating Situational Crime Prevention

  • The various opportunity-reducing methods of situational crime prevention look to increase the perceived risks of committing a crime, enhance the effort required to commit crimes, reduce rewards, and eliminate excuses for crime
  • Knightscope’s autonomous security robots (“ASRs”), which are equipped with capabilities such as video recording and streaming capabilities, thermal anomaly detection, facial recognition, and more, help to increase the perceived risks associated with criminal activities, resulting in deterrence
  • Following the deployment of ASRs, Knightscope’s clients have reported considerable reductions in the number of crimes reported
  • Knightscope recently added another client – a New York shopping center – and visited additional towns as part of its Robots Roadshow, with recent touchdowns in Columbus and Akron, Ohio

In a 1998 paper, Marcus Felson and Ronald V. Clarke, then Professors at the Rutgers University School of Criminal Justice in New Jersey, presented the ten principles of crime opportunity theory (https://ibn.fm/uUFqw), one of which guides the operations of Knightscope (NASDAQ: KSCP), an advanced security technology company that builds fully autonomous security robots (“ASR”).

The eighth principle states that crime can be prevented by reducing opportunities. And basing their discussion of this principle on situational crime prevention, the academics noted that the opportunity-reducing methods of situational crime prevention, such as using surveillance technologies, controlling access to targeted assets, and more, “aim, (i) to increase the perceived effort of crime, (ii) to increase the perceived risks, (iii) to reduce the anticipated rewards, and (iv) to remove excuses for crime.”

Knightscope packages capabilities such as eye-level 360-degree HD video streaming and recording, thermal anomaly detection, license plate recognition, people detection, facial recognition, two-way intercom, the ability to operate round the clock and access ramps (mobile robots), and more into the different models of its ASRs, creating reliable security robots that increase the perceived risks of crime by providing 24/7/365 eye-level mobile surveillance.

This surveillance, Knightscope’s website notes, “provides unprecedented deterrence capabilities, increased awareness with a conspicuous physical presence, and high-quality evidence to prosecute criminals.” And through the Knightscope Security Operations Center (“KSOC”) browser-based user interface, security personnel can interact with the robots as well as receive live alerts and access real-time data, which better informs them on how to secure people, infrastructure, and assets within a given location.

Since the initial rollout of the company’s mobile outdoor K5 ASR, the mobile indoor K3 ASR, and the stationary indoor K1 ASR in 2015, 2016, and 2017, respectively, Knightscope has emerged as a leader in developing autonomous security capabilities that offer deterrence, detection, and even report incidences of crime. The results have been reductions in crime, with Knightscope’s clients documenting wins such as a 46% drop in crime reports in the City of Huntington Park, Los Angeles County, a reduction in the number of 911 calls originating from a Las Vegas Apartment Complex, and an augmented sense of security within installations and car parks, just to mention a few (https://ibn.fm/pnHiA). And more and more potential clients are taking note of these outcomes.

Recently, Knightscope reported it had signed a new contract with the owner of a shopping center located in Yonkers, New York. Under the terms of the agreement, Knightscope will deploy its K5 ASR to protect the center’s parking lots and structures, helping deter common challenges such as catalytic converter theft, criminal mischief, and trespassing, while simultaneously guaranteeing the safety of employees (https://ibn.fm/OxJKc).

The latest contract follows on the heels of numerous other deployments reported last month. On April 28, for example, the company received a subscription-based order to deploy 2 K5 ASR and 1 K1 ASR with a San Francisco Bay Area biotech real estate development (https://ibn.fm/Yw1ax). This announcement came a few days after Knightscope separately celebrated deployments with two new clients that have each operated for a century or more; the first, a centuries-old consumer food manufacturer and Fortune 500 company (https://ibn.fm/gEni0). The second is a 100-year-old, 4th generation recycling center (https://ibn.fm/PMGiC).

Still, Knightscope is looking to further advance its market expansion by boosting the market’s awareness of its offerings through its Robot Roadshow. An engaging experiential event aimed at grabbing attention, building direct connections with potential clients, and sparking conversations, the Robot Roadshow has so far made 38 landings in 14 states and Washington D.C., with its most recent touchdowns being in Columbus, Ohio, on May 4 (https://ibn.fm/fIc1U), and Akron, Ohio on May 5 (https://ibn.fm/0gt5E).

For more information, visit the company’s website at www.Knightscope.com, and if you have a need for the subscription-based physical security service, you may request a private demonstration of the technology at www.Knightscope.com/demo.

NOTE TO INVESTORS: The latest news and updates relating to KSCP are available in the company’s newsroom at https://ibn.fm/KSCP

Golden Matrix Group Inc. (NASDAQ: GMGI) Leading to Way to Better Player Retention, Profits

  • GMGI white labels turnkey online casino, sportsbook, and live gaming content solutions complete with a single wallet for players for both desktop and mobile applications
  • Y-o-Y revenue soared 355% to $8.88 million in Q1 fiscal 2022 with 500+ different casino brands and over 6 million players supporting GMGI’s 14th straight profitable quarter
  • Golden Matrix recently acquired R Kings Competition, a leading competitions platform that generated more than $29 million in revenue and net income above $2.4 million in the recent year

With online wagering becoming increasingly popular – and legalized in 18 U.S. states so far since PAPSA was overturned in 2018 – the race is always on to capture users. Odds are that most people have seen an advertisement offering lucrative incentives trying to lure bettors to a particular platform. In the world of B2C (business-to-consumer) gaming, there is a fine balance that needs to be struck between user acquisition expense and revenue per user, an equilibrium that most digital platforms fail to maintain.

Gaming companies don’t mind giving out $100, $200, $300 to a new user under the contention that they will get much more back in the long run. Thing is, it’s not that simple and many gaming companies struggle to ever reach profitability due to customer acquisition costs outweighing revenue generation.

“It sounds like it’s a secret recipe of some sort. It’s a real basic situation, in [B2C] gaming, it depends on how much it costs you to acquire players and, in the longer term, how much you can generate from those players,” explained Brian Goodman, CEO of online gaming platform developer and licensor Golden Matrix Group (NASDAQ: GMGI), in an interview in January with Zingernation.

Golden Matrix historically has been focused on business-to-business (“B2B”) operations, providing online gaming companies with the tools they need to improve profits and reduce churn, industry nomenclature for losing players. Golden Matrix IP includes its flagship GM-X System and its recently released next-gen GM-Ag System that is regarded as the industry benchmark delivering access to 10,000+ games from more than 25 game providers. The white label platform offers turnkey online casino, sportsbook, and live gaming content solutions complete with a single wallet for players for both desktop and mobile applications.

Most of Golden Matrix’s business comes from Asia Pacific, but management is looking to expand closer to home. In March, the company applied for a Mexican gaming license.

Today, more than 500 different casino brands and over 6 million players use the GM-X System. If there is a secret sauce, it is the wide array of games offered by Golden Matrix in combination with aggregating and managing data. GMGI technology helps gaming companies better understand their players – skill level, what they like to play and for how long, etc. – with analytics tools that are critical to reducing churn and costs while generating additional revenue.

The growing client list translates directly to Golden Matrix’s top and bottom lines. During the first quarter of fiscal 2022 (ended 1/31/2022), GMGI posted record revenue of $8.88 million, up 355% from $1.95 million a year earlier, and net profit of $349,379, up from $52,158 in Q1 2021. In a market where finding profitability is somewhat scarce, Golden Matrix boast a string of 14 consecutive profitable quarters.

The Las Vegas-based company recently made its foray into the B2C market, acquiring 80% of U.K.-based R Kings Competitions Ltd., one of Ireland’s and England’s leading independent online competition companies, with an option for the remaining 20%. During 2020 and 2021 R Kings awarded total prizes valued at more than $54 million, comprised of residential properties, luxury and exotic motor vehicles, holiday packages, technology packages and cash. Current competitions at R Kings today include those ranging from drones to a BMW 320D M Sport.

With the acquisition, Golden Matrix took majority ownership of a company approximately twice its size. During the fiscal year ended October 31, 2021, R Kings generated more than $29 million in revenue and net income above $2.4 million. They also acquired nearly half a million social media followers and 25,000+ active monthly clients.

As Goodman told Zingernation, the economics of R Kings B2C model are ideal for scaling. The company spends less than a pound to acquire a player and generates north of 20 pounds from each one. Metrics like that means R Kings can favorably keep buying users. The R Kings platform is being optimized by integrating GMGI technologies where appropriate.

Goodman added that his company is on the hunt for additional positive cashflow companies that could be immediately accretive and complementary to its core technologies.

For more information, visit the company’s website at www.GoldenMatrix.com.

NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI

Correlate Infrastructure Partners Inc. (CIPI) Kicks Off Installation of 908-kW Rooftop Solar Power Project at Continental Envelope Headquarters

  • Correlate Infrastructure Partners has begun construction of a 908-kW rooftop solar project at Continental Envelope headquarters in Geneva, Illinois
  • Once completed, it will power approximately 20-25% of the facility’s overall energy needs, and be one of the state’s biggest rooftop solar facilities
  • Correlate’s management believes that this project is a demonstration of its commitment to designing and building customer-centric energy solutions for companies across various industries
  • It also believes that it is a good example of how sustainable a large-scale industry such as printing can be when applying the best technology

On April 28, 2022, Correlate Infrastructure Partners (OTCQB: CIPI) announced its partnership with Continental Envelope to set up a 908-kW rooftop solar project at its headquarters in Geneva, Illinois. On May 5, the company announced that final engineering, permitting, and interconnection work had begun in what will be one of Illinois’ largest rooftop solar power facilities (https://ibn.fm/TJ5Q1).

“Correlate Infrastructure Partners loves supporting ESG-focused businesses that are making a true difference in their industries and communities,” noted Todd Michaels, Correlate’s Chief Executive Officer (“CEO”).

“This attractive project makes clear that sustainability and profitability are no longer at odds. This is a call to action, Chicagoland!” he added.

Continental Envelope produces over 2 billion envelopes per year, making it one of the leading independent manufacturers of commercial envelopes since the 1930s. Some of its clients include but are not limited to Netflix, Capital One, AT&T, and American Express. The move towards clean energy shows the company’s commitment to making the planet greener and complements its “Pushing the Envelope” Community Gardens surrounding its Illinois property.

This solar project is scheduled for completion by Q3 2022, and once done, it will power approximately 20-25% of the facility’s overall energy needs. It is further estimated that over the next 20 years, this project will help offset around 18,849 tons of carbon dioxide from the atmosphere, an amount equivalent to planting 282,000 trees or 42 million car miles driven.

“This solution for Continental Envelope is a demonstration of Correlate’s commitment to designing and building customer-centric energy solutions that not only deliver profitable sustainability but create great jobs and visibility in the local community,” noted Jason Loyet, the director of Commercial Solar for Correlate.

Correlate’s management is confident that this project proves that this kind of energy forward-thinking applies to manufacturing businesses of all kinds and sizes worldwide. It is also optimistic that, with Continental Envelope’s adoption of this green energy solution, the bar has been set to define sustainable businesses and other health programs designed to achieve net-zero carbon.

“We are grateful to partner with this innovative family business that shows the printing industry can be more efficient and renewable without compromising reliability or profitability,” reckoned Mr. Michaels.

For more information, visit the company’s website at www.CorrelateInfra.com.

NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI

Sugarmade Inc. (SGMD) Establishes Pattern of Growth, Expansion in California Cannabis Space

  • More than a dozen California cities are opening new recreational cannabis licensing opportunities this year, article reports
  • SGMD has established a pattern of growth through the years, investing in a number of subsidiaries with active operations in the California cannabis sector
  • Company also completed the acquisition of Lemon Glow and its assets, interests, property and rights

The cannabis space appears set for growth in California, according to an MJBizDaily report (https://ibn.fm/aKmrF). The potential growth bodes well for Sugarmade (OTC: SGMD), an emerging leader in the sector that is

“More than a dozen California cities are opening new recreational cannabis licensing opportunities this year, either by embracing the legal marijuana industry for the first time or by increasing the number of available business permits,” the MJBizDaily article reported. “Several other cities, meanwhile, are laying the groundwork for new markets down the road by drafting and/or developing cannabis ordinances. The rollout of new adult-use markets and business opportunities come as cities across the state are eager to bring in additional tax revenue after the pandemic and other factors depleted public coffers.

“The ongoing shift is a welcome sign for the state’s struggling marijuana sector, which remains forbidden in the vast majority of California cities and, at the same time, must compete against a thriving illicit market,” the article continued. “The retail expansion is far and wide, from urban centers in San Diego and San Jose to small towns such as Madera in the Central Valley and Oxnard along the southern California coast.”

Sugarmade is working to position itself establish in the growing California cannabis delivery marketplace. The company has established a pattern of growth through the years, investing in a number of subsidiaries with active operations in the California cannabis sector. The company’s portfolio brands include Nug Avenue, SugarRush and Lemon Glow.

Sugarmade owns a 70% stake in NUG Avenue, a cannabis delivery service based in southern California. The service offers hand-selected, top-shelf products from Stiiizy, Kanha, PlugPlay, BigChief and others. The cannabis delivery service that covers same-day service of a variety of products, including flower, pre-rolls, vapes, extracts, edibles, concentrates and capsules. The service covers delivery in Los Angeles County, Orange County, San Bernardino County and Riverside County.

In addition, last year Sugarmade completed the acquisition of Lemon Glow and its assets, interests, property and rights (https://ibn.fm/8l1xt). “We are setting the stage to improve margins while expanding end-market access, and to grow, refine, produce, distribute in the largest and fastest-growing cannabis market on the planet,” said Sugarmade CEO Jimmy Chan. The acquisition was designed to position the company to achieve that objective with a significant capacity to scale as demand for California-grown cannabis is expected to grow when federal legalization takes place.

Sugarmade believes these significant changes in the marketplace create an opportunity to invoke a new short-term strategy while the company’s long-term plans to cultivate at its new Lemon Glow facility are developing. In May of last year, Sugarmade closed on the acquisition of Lemon Glow Company and announced plans to acquire the necessary approvals and permits to cultivate up to 32 acres of the 640-acre property. Sugarmade is also working to obtain a conditional use permit number from the community development department of the county of Lake, California, which the company believes is an important step toward gaining the full conditional use permit that will allow cannabis cultivation on the property.

In addition, for the 2022 cannabis cultivation season, Sugarmade is embarking on a new and bold strategy to enter into contract cultivation arrangements with local Lake County, California, cultivators that have decided not to engage in their own cultivation efforts this year. These operators have already made significant investments in infrastructure and have highly specialized personnel available that SGMD can utilize on a contract basis for production of cannabis.

The company observed that, by contracting with the owners of these already available resources, it will gain immediate access to the marketplace based on an advantageous cost model that will place the company on par or, in some cases, at a superior cost position, when compared to many of the larger cannabis cultivation and distribution companies in the industry.

Sugarmade officials are in negotiations with several local permitted and licensed operators that are agreeable to a partnership arrangement with Sugarmade to manage operations for cannabis cultivation. Officials are also in active negotiations on the distribution side of the business that will allow Sugarmade to bring this cultivated cannabis to the marketplace.

Invoking this dynamic short-term strategy, while continuing to develop the company’s longer-term strategy to fully develop the large Lemon Glow property for cultivation, will allow Sugarmade to significantly advance the timeframe for gaining market share in this industry based on a cost model that will allow the company to produce strong margins this cultivation season.

For more information, visit the company’s website at www.Sugarmade.com.

NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://ibn.fm/SGMD

FinovateSpring Offers Growth Avenues To Young and Established Fintech Entities

Regulators, banking institutions, companies, financial institutions, fintech industry leaders, analysts, and investors are invited to attend FinovateSpring 2022 being held this year at the Hilton San Francisco Union Square, San Francisco, CA. The event will be graced by all the top 10 banks in the US as well as eminent fintech dignitaries who will share valuable insights, solutions, and strategies on the future of digital finance.

Finovate has been organizing fintech events for the last 10 years where the fintech community can interact with industry stalwarts as well as peers. The event will be attended by 1100+ senior attendees, with over 50% from financial institutions, 50+ demoers, 100+ insightful speakers, and 270+ financial institutions. Witness a visionary audience that will discuss all the aspects of the fintech ecosystem ranging from new technologies, and challenges to the solutions from the finest fintech experts.

Enjoy a fresh new perspective on the entire fintech spectrum covering the length and breadth of insights from industry experts. Enjoy networking opportunities and live demos of innovative fintech solutions, and expert insights from fintech influencers, all under one roof at the FinovateSpring in San Francisco, CA. Connect with your favorite speakers to get expert advice for business solutions, investment scope, and other future challenges that this field presents.

The Finovate event will also be live streamed so that enthusiasts around the world can follow the event. From seed startups to established entities, this forum will house a plethora of finance, tech, and fintech-related businesses.

They will pitch their services and solutions in 7 minutes to get discovered by potential investors and educate the fintech fraternity about the services they offer. Investment firms looking for viable businesses to invest in can find plenty of avenues and investor opportunities in breakthrough fintech solutions pitched at the FinovateSpring 2022.

The pandemic has changed the way financial in-person events function and intensified the use of digital technologies. The event will be held in person for maximum networking benefits. However, it will also feature live sessions of fireside chats, keynote speaker sessions, and discussion panels where experts will discuss strategies and offer valuable advice to the attendees.

All FinovateSpring 2022 attendees can access the content on-demand for 12 months after the event. Also, they get a Finovate Edge virtual season ticket for FREE on buying a ticket to FinovateSpring 2022. Fintech has also launched a scholarship program to help budding fintech entities move forward through sustainable and equitable practices.

To learn more, please visit https://informaconnect.com/finovatespring/.

O’Cannabiz International Conference, Expo, Retail Summit, and Awards Gala, for Cannabis Industry Professionals

The O’Cannabiz International Conference & Expo is a three-day event that will be held primarily at the International Center on Airport Road in Hall #5. During the O’Cannabiz International Conference & Expo, attendees will have the opportunity to participate in various activities, including a two-day Retail Summit and the privately ticketed Awards Gala to be held at Casa Loma and hosted by Family Feud Canada host Gerry Dee on June 1.

O’Cannabiz is currently consisting of over 70 sessions with 200 speakers for 5,000 attendees being facilitated in a 100,000 square foot expo hall – with hundreds of industry networking opportunities available. The Title Sponsor for the event is ND Supplies, the official packaging partner for O’Cannabiz – with several other partners falling into categories labeled Platinum, Gold, Media, and Retail.

Some of the featured exhibitors expected on-site include:

  • ND Supplies
  • 3M
  • 420 Financial
  • AAPS
  • Blue Sky Organics
  • Brigham
  • Cannapiece
  • Detonate Cannabis Agency
  • HYDE Advisory & Investments
  • Pure Atomist
  • Tychon Packaging Inc.
  • University of Waterloo
  • Zenith Safety Products
  • and more!

The retailers attending the two-day Retail Summit are offered free admission as long as they are based in Canada and register before the event takes place. The free admission to the summit ($149 value) does not cover retailers’ VIP Business Conference, Psychedelic Summit, or Awards Dinner Gala entry – and is limited to two free passes per retail location. Retailers also have the opportunity to sign up as exhibitors.

O’Cannabiz Conference & Expo Schedule-at-a-Glance:

Day 1: 8:00 am – 8:00 pm

Registration hours and exhibitor load-in are available during all scheduled conference hours on day one. The VIP Business Conference is scheduled from 9:00 am to 4:30 pm, with a networking luncheon scheduled from noon to 1:30 pm.

The Awards Dinner and Gala will take place at Casa Loma. They will begin with a Red Carpet Royalty Cocktail Reception promptly beginning at 6:15 pm, followed by the awards and dinner at 7:00 pm and an after party from 9:00 pm to 11:00 pm.

Day 2: 7:30 am – 6:00 pm

Registration hours for day two of the event will be from 7:30 am to 6:00 pm. An investor’s breakfast will be offered from 8:30 am until 10:00 am. The expo will run from 10:00 am until 5:00 pm with a “Meet the Exhibitor” Happy Hour immediately following from 5:00 pm to 6:00 pm.

Both the Psychedelic Summit and Retail Summit will take place in Hall A and Hall B, respectively, from 10:00 am to 4:00 pm.

Day 3: 7:30 am – 3:00 pm

Registration hours for the final day of the summit will run from 7:30 am to 3:00 pm. A Balanced Breakfast: Bringing Diversity, Equity, and Inclusion to the Table breakfast will transpire from 8:30 am to 10:00 am. The expo will be operational from 10:00 am to 3:00 pm that day, and the retail summit will open from 10:30 am to 3:00 pm.

O’Cannabiz reminds anyone considering attending the conference and expo that cannabis (in any form) will not be available on-site, and anyone in attendance must be 19 years of age or older.

For more information or to register for the event, visit https://ocannabiz.com/.

EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQB: EVGIF) Positioned for Growth Amid Compelling Market Opportunities for Expansion; Reports Financial Results

  • Tackling climate change opens up potentially compelling opportunities for growth for businesses driven by ESG values such as EverGen
  • Company is eyeing growth opportunities – both nationally and internationally – as RNG gathers steam in the world’s bid to combat climate threat
  • EverGen aims to unite social and environmental responsibility with market success; reports quarterly and annual financial results, announces plans to expand project pipeline

EverGen Infrastructure (TSX.V: EVGN) (OTCQB: EVGIF), an established independent renewable natural gas producer based in Canada, appears ready for rapid growth as the Company seeks opportunities to expand its market presence amid the strong global push for slashing the carbon footprint across the world. The Company recently reported financial results as at and for the three-month period and year ended December 31, 2021, highlighting important milestones achieved during the past year (https://ibn.fm/F40E0).

As the climate threat becomes one of the most pressing challenges of this generation and many more to come, decarbonization of the economy becomes a crucial element of the climate change solution. The goal of greenhouse emission cuts is to slow the pace of the world’s progression toward a dangerous temperature level beyond which climate impacts could be more severe and pervasive, resulting in floods, droughts, and extreme heatwaves. Renewable natural gas (“RNG”) offers an alternative energy source generated from processing feedstocks such as animal and food waste as well as crops and crop residue. RNG solves a number of pressing environmental problems, from reducing carbon emissions to responsible waste disposal.

With the Environmental, Social, and Governance (“ESG”) values deeply ingrained in the company’s business model, EverGen aims to connect social and environmental responsibility with commercial success. In 2021, EverGen generated CAD 9.6 million of revenues and CAD 2.8 million of adjusted EBITDA, in line with expectations. In addition, the Company had its public market debut during the past year. After the initial public offering in August 2021, EverGen has maintained its strong cash position, reporting cash and cash equivalents of CAD 19.6 million, restricted cash of CAD 2.7 million and a working capital surplus of CAD20.9 million as of December 31, 2021, which gives the Company a unique opportunity to execute on existing and forthcoming growth projects.

The year 2021 was transformational for EverGen. It was the year when the Company laid the foundation for growth, poised to assume a leading position in the RNG infrastructure space in time to come. As a company focused on acquiring, developing, and operating a portfolio of renewable natural gas, waste to energy, and related infrastructure projects, EverGen remains committed to delivering strong shareholder returns in 2022 and beyond by leveraging a number of competitive advantages, including the established platform as the first mover in Canada, recently enhanced management team, growing project pipeline and diversified access to capital.

As one of the key players in the Canadian RNG space, EverGen boasts an expanding project pipeline and ample acquisition opportunities. The Company believes that the Canadian RNG industry is ready for consolidation, offering compelling opportunities for growth through acquisition. The management team is evaluating several projects across the country in a bid to replicate what has been successful with its existing assets. In line with these efforts is the Company’s recently announced letter of intent to acquire a 67% interest in GrowTec, an Alberta-based biogas facility.

This acquisition opportunity appears to be one of many EverGen intends to pursue across its domestic market, investing in genuinely sustainable operations that contribute to carbon-negative energy production and positively impact climate change initiatives. Furthermore, this Vancouver-based renewable energy producer appears to be on the path to competing on the global RNG stage as it eyes opportunities for continued growth internationally, across North America and more.

To deliver on these ambitious targets, EverGen has further fortified its management team, attracting talent from across the RNG and waste management industries to support the Company in its efforts to scale the business. The team of leaders inspired by values of sustainable growth has established the company as a reliable RNG infrastructure platform that can contribute to the reduction of greenhouse gas emissions.

Committed to being part of the circular economy and combating climate change toward a carbon-free future, EverGen is driven by ESG goals beyond environmental. Not only is it tackling the climate threat by producing renewable natural gas, but it also appears unequivocally committed to making a meaningful impact in the communities where it operates, helping them contribute to a sustainable future. The Company boasts a long-term partnership with First Nations and municipalities across BC that is designed to contribute to their economic and social upliftment by employing their talent and supporting social, cultural, and recreational programs targeted at these communities.

For more information, visit the company’s website at www.EvergenInfra.com.

NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at https://ibn.fm/EVGIF

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SPYR Inc. (SPYR) Probing Considerations Aimed at Fueling Expansion Amid Expected Growth in the Internet of Things

May 16, 2022

The ‘Internet of Things’ market is expected to reach a value of between $5.5 trillion and $12.6 trillion by 2030, from $745 billion in 2019, driven by contributions from both businesses and consumers SPYR Inc., through its subsidiary Applied Magix Inc., is considering aligning its interests to tap into this anticipated rapid growth The company […]

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