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FuelPositive Corp. (TSX.V: NHHH) (OTCQB: NHHHF) Making Strides as Efforts to Develop Technologies for Production of Green Ammonia Gain Widespread Attention

  • More than 100 national and international stakeholders drawn from research, business, and political spheres, recently congregated at the CAMPFIRE Symposium 2022
  • At the symposium, companies presented their plans for technologies for the production and transport of green ammonia, its conversion back to hydrogen, and its use as a fuel for ships
  • Canadian technology company FuelPositive has developed an onsite, containerized technology that relies on renewable electricity to produce green ammonia from water and air
  • FuelPositive’s onsite ammonia production system is expected to disrupt the traditional ammonia sector as well as the green hydrogen sector
Ammonia is poised to play a crucial role in the move away from emissions-intensive fossil fuels toward renewable energies. This transition is fueled by the fact that ammonia is a source of green electricity and hydrogen, even though it is presently primarily used as a nitrogen fertilizer in agriculture; in fact, about 80% of all the ammonia produced globally is used up in agriculture (https://ibn.fm/NQMUH). However, this agricultural bias may soon change if recent events and the concerted efforts by various players are to act as reliable precursors. On Friday, October 21, 2022, Ozeaneum in the German city of Stralsund played host to about 100 national and international stakeholders drawn from such sectors as business, politics, and research. The gathering, a symposium organized by CAMPFIRE, provided an avenue for companies to present their plans for new applications and implementation concepts centered around green ammonia. Green ammonia produced from renewable energy, an article in IDW Online that reported on the symposium notes (https://ibn.fm/PAB5Z), is increasingly viewed as a gamechanger for the energy transition and is key to the security and reliability of energy supply. The reasoning behind this statement is that ammonia is used in many areas as a stable source of hydrogen that can be stored and transported more easily, efficiently, and cheaply. For ammonia to be used, however, it must first be produced and then transported. So, as part of its focus on the global entrepreneurial implementation of ammonia technologies and emerging hydrogen value chains, the symposium featured presentations and discussions involving market-leading companies that explored “technologies for the production and transport of ammonia, its conversion back to hydrogen, and its use as a fuel for ships.” The conversations held on that Friday are especially pertinent to FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a company developing a green ammonia production system that relies on renewable electricity to synthesize hydrogen from water and nitrogen from the air before combining the molecules in a proprietary converter to create green ammonia. The onsite, modular, containerized system is poised to disrupt the traditional ammonia sector by providing the energy- and nitrogen-rich compound at an affordable price while doing away with the reliance on unpredictable and wildly fluctuating ammonia supply chains. Because the green ammonia is produced on the end-user’s site, there is no need to transport it from a refinery to its final destination, which completely eliminates the supply chain. At the same time, the green ammonia technology is expected to reduce the greenhouse gas emissions linked to the production of traditional (“grey”) ammonia through the highly pollutive and energy-intensive Haber Bosch process. This process is responsible for about 1.4% of global carbon dioxide emissions and consumes about 1% of the total energy produced (https://ibn.fm/cBANZ). Still, the former figure does not include the emissions released by the industrial production of hydrogen from natural gas, which generates about 830 metric tons of CO2 annually (https://ibn.fm/tEzIF). “By disrupting the traditional ammonia sector, we are also disrupting the green hydrogen sector. Green ammonia, the most effective enabler of the hydrogen economy, can economically, efficiently, and quickly capture, store, and transport green hydrogen – making the hydrogen economy a reality,” the company’s website reads (https://ibn.fm/Ymi5H). “We have the technology. We have the team, and we have the finances. Just watch us.” In November this year, FuelPositive expects to finish the validation of the first demonstration system of its onsite, containerized green ammonia system before shipping it to an 11,000-acre farm in Manitoba, Canada. Here, the company will run the system, evaluating its functionality in all types of weather conditions as part of a pilot project aimed at providing comprehensive hands-on data and performance metrics (https://ibn.fm/q3McP). For more information, visit the company’s website at www.FuelPositive.com. NOTE TO INVESTORS: The latest news and updates relating to NHHHF are available in the company’s newsroom at https://ibn.fm/NHHHF

GeoSolar Technologies Inc.’s SmartGreen(TM) Geothermal-Based System Potentially Boosts New Home Construction Values

  • Geothermal systems provide financial benefits for new construction homes due to lower installation costs
  • GeoSolar’s SmartGreen(TM) residential and commercial energy systems tap into geothermal and solar energy to dramatically lower or eliminate utility bills
  • U.S. Department of Energy (“DOE”) recently announced Biden administration plans to reduce geothermal system costs by 90% to $45 per megawatt hour by 2035
Geothermal systems tap into the earth’s energy to heat and cool homes throughout the year. Besides lowering utility bills, lower installation costs for new construction has the potential to increase home values in some markets (https://ibn.fm/wmQAO). GeoSolar Technologies (“GST”), a climate technology company based in Colorado, addresses the rising demand for geothermal technology with their SmartGreen(TM) whole-home renewable energy systems that commits to lower bills, reduce carbon emissions, and provide unparalleled energy efficiency. “The financial benefits of a geothermal system are clearer for new construction homes because installation costs are lower than on an existing home,” said Vikram Aggarwal, CEO of EnergySage, a green educational energy and quote-comparison site based in Boston. “But even for existing homes, lower utility bills are an important benefit, especially as energy costs rise.” Natural gas and petroleum prices are increasing worldwide, adding substantially to the current economic crisis. Renewable energy systems like SmartGreen(TM) help insulate homeowners from price shocks by drastically lowering or even eliminating utility bills. “Geothermal systems are popular with buyers when they’ve already been installed, especially for younger buyers who want green features in their homes,” said Corey Burr, a real estate agent with TTR Sotheby’s International Realty. “The energy savings with a geothermal system can be substantial, so it should be a benefit to sellers.” According to the U.S. Energy Information Administration, the U.S. leads the world in geothermal electricity generation (https://ibn.fm/9M1yb). California and Nevada lead the country with approximately 95% of total power generation, followed by Utah, Oregon, Hawaii, Idaho, and New Mexico. All states combined produce roughly 16 billion kilowatt hours (“kWh”) of power, equal to about 0.4% of total U.S. utility-scale electricity generation. The U.S. Department of Energy (“DOE”) recently announced that the Biden administration plans to reduce geothermal system costs by 90% to $45 per megawatt hour by 2035 (https://ibn.fm/TqG0d). “The United States has a vast, geothermal energy resource lying right beneath our feet, and this program will make it economical to bring that power to American households and businesses,” said U.S. Secretary of Energy Jennifer M. Granholm. GeoSolar’s SmartGreen(TM) Home system is a total household makeover that leverages geothermal technology in addition to photovoltaic rooftop solar panels, EV charging infrastructure, and upgrades to insulation, windows, lighting systems, and the building envelope. With numerous government incentives and tax deductions, GeoSolar is well positioned to market the system to over 120 million homes across the country. For more information, visit the company’s website at www.GeoSolarPlus.com. NOTE TO INVESTORS: The latest news and updates relating to GeoSolar Technologies are available in the company’s newsroom at https://ibn.fm/GST

Sharing Services Global Corp. (SHRG) Women Executives Make the News

  • DSN recognized The Happy Co. CMO with a Bronze Stevie award in its Women of the Year — Business Services category
  • New MojiLife president has 20-plus years experience in direct-sales space
  • SHRG is dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies

Key leaders in the Sharing Services Global (OTCQB: SHRG) family have captured the spotlight recently. Clare Holbrook, chief marketing officer of The Happy Co., was honored with a Woman of the Year Award by Direct Selling News (https://ibn.fm/RNB8R), and Kristine Widtfeldt was named president of MojiLife, a leader in the direct-selling fragrance sector (https://ibn.fm/jqXDR). SHRG has an ownership interest in both companies.

Direct Selling News (“DSN”) announced last week that Holbrook was recognized with a Bronze Stevie Award in its Women of the Year — Business Services category. “This Stevie Award honors outstanding women executives, entrepreneurs, employees and the companies they lead,” the announcement read. “Holbrook is a seasoned direct-selling executive with more than 25 years of experience in the industry. Her multilingual skills and creative marketing strategies have helped The Happy Co. leverage its presence in diverse markets, while integrating effective sales and marketing strategies.”

The Happy Co. is dedicated to its vision: “We believe everyone deserves to be happy.” The company offers functional beverages, capsules, patches and creams that elevate mood, boost energy, reduce stress, enhance sleep, increase muscles, minimize fat and tighten skin, helping users look, feel and perform like a younger person.

Most of The Happy Co. products contain nootropics, which is “the science of cognitive enhancement,” the company states (https://ibn.fm/5phwe). “So, whether it’s happiness, intelligence, creativity, focus, memory, energy, stress reduction or self-control, our research and development team is working on new formulas to make your life better. We utilize naturally occurring amino acids, herbs, and nutrient-dense plants, which boost brainpower and activate the happy hormones already found in your brain.”

In the last three years, The Happy Co. has become the category creator for Happy Coffee, the recognized leader in natural nootropics, and is one of the fastest-growing companies in the social-marketing and direct-selling industries.

In addition, Widtfeldt took over the reins at MojiLife, a company that offers the AirMoji device, a fragrance dispenser featuring the latest in innovative technology and design. According to the announcement, the AirMoji’s modern, compact, wireless design doesn’t require open flames, heated light bulbs or melted wax, and the device is ideal for scenting homes, vehicles and other spaces.

“I am honored and excited to work with the team at MojiLife and Sharing Services to lead this company, which has so much untapped potential,” said Widtfeldt. “Their patented technology, unique premium scents and commitment to purity and safety are compelling for everyone. I love the current product range and the exciting roadmap ahead — we envision MojiLife products enriching homes and lives worldwide.”

Widtfeldt has garnered more than two decades of experience in the direct-sales sector, including her most recent stint as CEO of a successful decor company, which she helped launch in 2017. She has a proven track record of providing strategic leadership that has driven profitability and sustained growth for emerging companies.

“Kristine’s leadership skills with top field leaders and her executive experience in the business make her an ideal fit,” said SHRG president/CEO John “JT” Thatch. “We are excited to have her part of a company that we have an ownership interest in and will continue to support this growth as they expand globally.”

Sharing Services Global Corporation is dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies in the direct-selling sector and other industries. The company’s combined platform currently leverages the capabilities and expertise of various companies that market and sell products direct to the consumer through independent contractors.

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

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

Vision Energy Corp. (VIHDD) Develops Carbon-Reduced Solutions for Commercial, Industrial, and Transportation Industries, as It Pursues Landmark Design for First European Terminal

  • The European Green Deal, with the objective to become climate-neutral by 2050, implies a near-total phase-out of fossil fuels in the EU energy system
  • Vision Energy signed a cooperation agreement with Linde Engineering to accelerate efforts for its pioneering Green Energy Terminal in the North Sea Port of Vlissingen, the Netherlands
  • Engineering efforts under the agreement have commenced and are anticipated to conclude in April 2023, supporting the company’s target to reach a Final Investment Decision by Q3 2023
Hydrogen presents a global opportunity to reduce greenhouse gas emissions due to its high efficiency and zero-or near-zero-emissions operation. The global hydrogen market is expected to grow from an estimated value of $160 billion in 2022 to $263.5 billion by 2027, registering a CAGR of 10.5%. The growth is driven by an increased demand for long-term storage and the rising need to decrease greenhouse gas emissions from hydrogen production methods (https://ibn.fm/mib6x). Vision Energy (OTCQB: VIHDD), previously Vision Hydrogen Corporation, is a forward-looking energy company developing assets and solutions for the commercial, industrial, and transportation sectors. The company is leveraging its proven track-record in site and asset procurement, accelerating development and permitting processes, plant design, and grid integration, to facilitate low-carbon energy production, supply and distribution. The company pursues reliable offtake relationships and operating partnerships with energy industry participants and end users seeking carbon abatements across feedstock and fuels. Vision Energy is committed to providing low carbon energy solutions with the highest yield, and, where possible, projects are designed to leverage existing gas and power infrastructure to integrate and facilitate import and or distribution of reduced-carbon energy to domestic and global supply chains. Vision Energy recently announced its approval for a 1 to 2 forward stock split and its name change to Vision Energy Corporation, under which the company will continue trading under the VIHDD ticker symbol for 20 business days (effective November 8, 2022) to designate the forward split, after which it will be assigned a new ticker symbol. To further its efforts, the company entered into a cooperation agreement with Linde Engineering to accelerate efforts for its pioneering Green Energy Terminal in the North Sea Port of Vlissingen, the Netherlands. Engineering efforts under the agreement have commenced and are anticipated to conclude in April 2023, supporting the company’s target to reach a Final Investment Decision (“FID”) by Q3 2023. Through the company’s wholly-owned subsidiary, Evolution Terminals BV, Vision Energy is pioneering a Green Energy Hub development project for the import, storage, and distribution of low-carbon renewable fuels and hydrogen carriers – a hub that is positioned to be the first terminal in Europe focused on green and low-carbon energy products. The Green Energy Hub is on schedule to file for the remaining construction and environmental permits by December 2022, with a design capable of receiving seagoing vessels, barges and coasters, served by a dedicated deep-water jetty as well as rail and truck loading infrastructure that will enable direct access to purpose-built storage and handling facilities. Vision Energy is currently in the advanced stages of planning for the construction and delivery of Northwestern Europe’s first import, storage, and handling terminal that is designed exclusively for hydrogen carriers, renewable energy products, and low-carbon fuels – creating solutions in an industry where rising needs for the reduction of greenhouse gas emissions in an industry with high demand for long-term storage of hydrogen fuel. Vision Energy is pursuing the creation of solutions for industries currently underserved by the current market. With the EU’s European Green Deal, the objective has been set to become climate-neutral by 2050, implying a near-total phase-out of fossil fuels in the EU energy system. Many countries are working to implement subsidy programs for developing green hydrogen facilities in anticipation of these goals. For more information, visit the company’s website at https://visionenergy.com/. NOTE TO INVESTORS: The latest news and updates relating to VIHDD are available in the company’s newsroom at https://ibn.fm/VIHDD

Lexaria Bioscience Corp. (NASDAQ: LEXX) Moves Forward With Exploration of Patented DehydraTECH(TM)-Processed CBD for Dementia

  • Approximately 55 million people worldwide have dementia, which is expected to grow to 78 million by 2030
  • The dementia treatment market was valued at $13.78 billion in 2021. The market is expected to grow at a CAGR of 8.32%, resulting in a value of $26.13 billion by 2029
  • Clinical studies have established a connection between hypertension and dementia
  • With DehydraTECH(TM)-CBD already evidencing that it can lower blood pressure  and its propensity to cross the blood-brain barrier, Lexaria is investigating the potential for a positive outcome in the DEM-A22-1 study
According to the World Health Organization (“WHO”), dementia is the seventh leading cause of death among all diseases and one major cause of disability and dependency among older people worldwide. Dementia is characterized by the deterioration of cognitive function, affecting memory, thinking, orientation, comprehension, calculation, learning capacity, language, and judgment. Although consciousness is not impaired, it is commonly accompanied by mood changes, emotional control deficits, behavior changes, and motivational impairments. It is estimated that approximately 55 million people have dementia worldwide, a number expected to grow to 78 million by 2030 (https://ibn.fm/q8GxK). Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, is exploring its patented DehydraTECH(TM)-processed cannabidiol (“CBD”) for use against dementia. As previously evidenced in animal studies, DehydraTECH-CBD crosses the blood-brain barrier much more effectively than originally thought possible. Clinical studies have established a connection between hypertension and dementia – individuals who have high blood pressure are more likely to develop vascular dementia, which is the second most common form of dementia, following Alzheimer’s Disease. Vascular dementia is caused by a reduced blood flow to the brain, starving brain cells of oxygen and nutrients needed to function properly. Previous studies of DehydraTECH-CBD for potential hypertension treatment have proved successful with no adverse reactions experienced by subjects in the human trials. The company recently announced the launch of its first-ever study to investigate DehydraTECH-CBD and dementia (DEM-A22-1). Given the propensity of DehydraTECH-CBD to cross the blood-brain barrier, the established fact that it lowers human blood pressure, and CBD’s vasodilation properties, Lexaria is eager to investigate the potential of DehydraTECH-CBD’s positive effects on dementia (https://ibn.fm/oZhII). Based on research conducted by Maximize Marketing Research (“MMR”), the dementia treatment market was valued at $13.78 billion in 2021. The market is expected to grow at a CAGR of 8.32%, resulting in a value of $26.13 billion by 2029. An increase in R&D expenditures, increased frequency of Alzheimer’s Disease indications, a surge in the geriatric population, an upsurge in awareness about neurodegenerative diseases in emerging countries, and a rich pipeline of new treatment alternatives are expected to drive the market during the forecast period (https://ibn.fm/7TynH). The DEM-A22-1 study is a dose-ranging, two-month program involving a total of 32 Long Evans rats that will be dosed with DehydraTECH-CBD. A novel object recognition test, commonly used to assess memory in rodents, is being used to investigate whether CBD enables cognitive performance enhancements in the test model. The study is being undertaken by a third-party testing laboratory in Canada, with expected completion in late January 2023, with data and reporting to follow shortly after. Depending on the study’s outcome, additional investigation into DehydraTECH-processed nicotine (another agent evidenced to enhance cognitive performance) may follow. Lexaria will provide updates on DEM-A22-1 as they become available. For more information, visit the company’s website at www.LexariaBioscience.com. NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://ibn.fm/LEXX

Reklaim Ltd.’s (TSX.V: MYID) (OTCQB: MYIDF) Q3 2022 Results Reveal 217% YoY Revenue Increase, 142% Gross Margin Growth

  • Reklaim posted Q3 2022 results showing 217% YoY revenue growth, 142% YoY gross margin increase, 90% year-to-date recurring revenue growth, and 28% more customers since year-end 2021
  • The online advertising industry depends heavily on consumer data, but government regulations and tech company restrictions are severely cutting supply
  • Reklaim fills the void with an identity ecosystem that compensates users for consenting to share data while providing fully compliant data sets to marketers
Reklaim (TSX.V: MYID) (OTCQB: MYIDF), the destination for consumers to access and reclaim their data, recently posted its financial results for the three months that ended September 30, 2022. Highlights included a 217% year-over-year revenue increase, a 142% year-over-year gross margin increase, 90% growth in year-to-date recurring revenue, and a 28% increase in new customers since year-end 2021 (https://ibn.fm/vYj7E). “As signaled in previous quarters, we have accelerated the reduction in our cost structure while maintaining our growth rate, and we expect a similar trajectory in the coming quarters,” Reklaim CEO Neil Sweeney said in a news release. The online advertising industry depends heavily on customer data to create targeted marketing campaigns, and demand for that data continues to increase. At the same time, government regulations and privacy restrictions enforced by tech companies are severely cutting supply to the market. Limited options for consensual data are creating a massive void that Reklaim is filling. The company’s mobile identity ecosystem enables consumers to view and protect their information and receive compensation for sharing their data. Advertisers, marketers, brands, and data agencies can access this consensual, consumer-verified data for a fee. “The shift in the data market to one of privacy and compliance continues to accelerate with more and more companies looking for a partner who can solve these issues for them,” Sweeney continued. “Reklaim is poised to take advantage of this trend, and we believe privacy regulations, including the introduction of CPRA in California, will be increasingly enforced in 2023, creating a unique opportunity for Reklaim to expand its market share.” The California Privacy Rights Act (CPRA) – an amendment to the California Consumer Privacy Act (CCPA) – is set to take effect on January 1, 2023 (https://ibn.fm/5RxzI). Initial provisions provided by the CCPA gave consumers numerous rights, including the right to know what information is collected, if it is sold and to whom, and the right to delete their data. Consequences for businesses that violate the law include penalties of up to $7,500 per intentional violation, $2,500 per unintentional violation, and statutory damages of up to $750 per consumer per incident. Options for marketers are increasingly limited, leading to the demand for fully compliant data solutions that provide critical insights into consumer behavior. Reklaim is firmly positioned to fill that void with an identity ecosystem that lets consumers take back control of their information while delivering relevant, high-quality data sets to marketers. For more information, visit the company’s website at www.ReklaimYours.com. NOTE TO INVESTORS: The latest news and updates relating to MYIDF are available in the company’s newsroom at https://ibn.fm/MYIDF

GeoSolar Technologies Inc. Increases International Visibility; Solar Proves it Can Protect Homeowners from Disruption Brought by Hurricane Storms

  • GeoSolar is recognized internationally as a company spearheading Americans toward an all-electric and net-zero emissions future as solar proves it can protect communities from the disruption of essential services when climate shocks hit
  • Babcock Ranch, a 100% solar community located in Florida, came out from a recent hurricane practically unscathed thanks among other things to its solar array of 700,000 panels that withstood hurricane’s brutal beating
  • GeoSolar helps built urban developments to better cope with a climate change-ravaged future and assist American homeowners in becoming more climate resilient by offering cleaner, safer, and more efficient energy alternatives

As extreme climate events grow in frequency, intensity and scale, Americans are becoming increasingly eager to contribute towards a greener and more sustainable future. However, while obvious lifestyle choices that aim to reduce personal and societal environmental impact, such as electric vehicles, are finding their way into the mainstream, many Americans are still not fully aware that they can take their green effort to a whole new level with sustainable living – the way they live can often have an impact on climate change beyond any other human activity. And as the race toward a greener future accelerates around the world, GeoSolar Technologies (“GST”) has attracted international attention with its proprietary SmartGreen(TM) Home system that allows Americans to take their environmental game up a notch (https://ibn.fm/y51I0). A SmartGreen(TM) Home enables sustainable living as a real game-changer for restoring ecological equilibrium as it helps homeowners heat, cool, and power their homes with 100% natural energy sources.

A recent article published in the UK’s West Wales Chronicle features GeoSolar as the innovative creator of the transformative SmartGreen(TM) home technology citing the Company as a startup run by some of the world’s brightest minds. And as the concept that can be retrofitted into existing homes as it can be deployed in newbuilds, goes beyond just solar panels, it can allow homeowners to cut costs and achieve savings.

But the benefits of solar go beyond net zero and cost saving. It also includes climate resiliency, a feature that will play an increasingly important role as the world copes with the realities of the climate crisis that amplifies the frequency and intensity of extreme climate events like heatwaves, droughts, wildfires, floods, and hurricanes. For example, when hurricane Ian raged through Florida earlier this year, one town stood out as a prime example of what renewable energy – and solar in particular – can do for the energy resiliency of entire communities. As the devastating storm uprooted trees and destroyed roofs, Babcock Ranch, the solar-powered town in Florida, proved that it could endure the rage of a near-Category 5 storm and keep its water, electricity and internet connection running thanks to its eco-friendly solar installations (https://ibn.fm/H0vqL). As utilities scrambled to restore power across the state, the city is now a safe refuge for some of Ian’s worst-affected victims and a great case study to show that when developers prioritize climate resilience, hurricane-proof houses, community spaces and entire cities can become a reality.

And the US appears poised to take the climate resilience game to the international level as President Biden announced additional efforts to support the implementation of his Emergency Plan for Adaptation and Resilience (PREPARE), which aims to help more than half a billion people around the world manage the devastating impacts of climate change. These initiatives reflect that a dollar invested in adaptation can result in $4-10 or more in benefits (https://ibn.fm/UjJJ9).

It’s becoming evident that when it comes to a greener future, there is much more we can do by making positive changes in our everyday lives. We can create buildings, community spaces and infrastructure to increase climate resilience and an electric grid resistant to storms, extreme heat, and flooding. As a company offering an end-to-end solution to build new homes or retrofit existing homes with leading energy-efficient technologies, GeoSolar remains dedicated to advancing green technology that contributes to sustainable living and empowers homeowners on their path toward energy independence.

With the past decade being the hottest in human history, we are witnessing that one in 100-year weather disasters now can happen as frequently as every few years (https://ibn.fm/ZQ7yt). In a state of crisis like this, the ability to prevent and cope with extreme climate events is becoming a necessity. As new homes are built and existing buildings and infrastructure are renewed or upgraded, climate resilience will increasingly be a priority. That’s where GeoSolar appears to be poised to step in to seize these promising market opportunities with its proprietary technology that helps American face the reality of climate-related shocks and stresses and live their climate-resilient living without compromising on convenience or cost efficiency.

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

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

Flush With Cash and Expanding, EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) Building Momentum as RNG Popularity Grows

  • RNG currently comprises only 0.3% of the North American natural gas distribution network, with expectations for 5% penetration in the next 5 years
  • EverGen Infrastructure is a first mover in the market, with established projects, RNG sales, and expansion ongoing throughout Canada.
  • EverGen recently released Q3 results, a quarter that featured steady revenue, acquisition of majority stake in GrowTEC, fully funded on-time and on-budget construction, and CDN$12.8 million post capex spend
Renewable natural gas (“RNG”) is a niche market that is expected to transition into a mainstream replacement for conventional natural gas in response to demand for sustainable fuels and a minimalized carbon footprint. Converting waste into worth, EverGen Infrastructure (TSX.V: EVGN) (OTCQX: EVGIF) just posted another solid quarter as it emerges as a leader in the Canadian RNG space. RNG is an infinite drop-in for liquid natural gas (“LNG”) without the need for any drilling. RNG is produced from biogas, which comes from decomposing organic waste collected at landfills, agricultural operations, and wastewater treatment facilities. EverGen’s process involves inputting feedstock, such as livestock waste, into an anaerobic digester. The output is biogas used for heat and electricity, and digestate, which is used for fertilizer, soil amendments, and livestock bedding. The biogas can be further refined into biomethane, which can be used to power vehicles or directly injected into the gas grid. Currently, RNG makes up only 0.3% of the North American natural gas distribution network. That is expected to climb to 5% in the next five years with exponential upside going forward. Methane is a potent greenhouse gas released from cow manure and urine, so turning the waste into energy during the management process can have a meaningful impact on climate change. According to Statista, there were 9.45 million milk cows in the U.S. in 2021. In Canada, it is estimated that there are 1.43 million dairy cows for a total of nearly 11 million in North America. These figures are important considering one cow can produce enough manure in a year that can be converted into RNG (and CNG, or compressed natural gas) to drive a tractor trailer over 12,000 miles. Recycling the manure in North America, rather than washing it into lagoons or some other unfriendly collection/disposal process, provides enough RNG/CNG to power vehicles for 132 billion miles. With diesel prices over $5.20 per gallon in the U.S., that’s music to trucker’s ears, without consideration for the positive impact on climate change. RNG is carbon negative, meaning that the process of generating RNG offsets more carbon – via carbon capture, sequestration, or avoidance – than is contributed to the environment. By comparison, LNG has a low carbon footprint, while wind and solar are considered carbon neutral. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer which acquires, develops, builds, owns, and operates a portfolio of RNG, waste to energy, and related infrastructure projects. The company recently released results from the third quarter and the first nine months of 2022, which demonstrate the aggressive growth trajectory as EverGen fans out operations across Canada. EverGen, which reports in Canadian dollars, posted Q3 revenue of $2.0 million, up from $1.9 million the year prior despite downtime related to floods that ravaged portions of the country. The company reported adjusted EBITDA of $0.7 million and a net loss of $1.8 million, which was influenced by several factors, ranging from flood-related expenses and subsequent insurance proceeds to higher G&A costs as the company made acquisitions and expanded. During the third quarter, EverGen completed the acquisition of a 67% interest in Alberta’s Grow the Energy Circle Ltd. (GrowTEC), which is currently in the first phase of a core RNG expansion project designed to produce ~80,000 gigajoules (“GJ”)/year of RNG. Construction is 80% complete with commissioning expected prior to the end of the year. The facility will then move into the second phase of the project, which is expected to produce a total of 140,000 GJ/year of RNG. In September, EverGen’s Frasier Valley Biogas (“FVB”) signed a term sheet for a long-term offtake RNG agreement for up to 190,000 GJ/year purchased from FVB, comprising existing and incremental RNG volumes expected from the facility post-expansion. This agreement will replace the existing RNG offtake agreement in an environment where current market pricing is significantly stronger. During Q3, EverGen broke ground on construction of an expansion project at FVB. EverGen is fully funded for its expansion projects. The company ended September with cash and cash equivalents of $12.8 million post capex spend of $3.5 million and $1.5 million of insurance proceeds received. Management commented that all projects are on schedule and on budget. The expansion budget, including projects at GrowTEC, FVB and its Net Zero Waste Abbotsford facility, was backstopped in August when EverGen inked a term sheet with its existing lender, Scotiabank subsidiary Roynat Capital, and Export Development Canada for a $31 million syndicated senior term loan. Against this industry and corporate backdrop, EverGen CEO Chase Edgelow is looking forward to what is to come. “It is an exciting time for EverGen with strong momentum in the RNG market and as one of the first movers in Canada in terms of consolidating assets across the country…We are thrilled with the progress at our core RNG expansion projects that once producing, will see us jump from C$3M to C$13M in run rate EBITDA and are fully funded. With our GrowTEC facility commissioning imminently and construction at Fraser Valley Biogas underway we are anticipating a strong start to 2023,” said Edgelow in a press release. 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

Odyssey Health, Inc. (ODYY) To Give Corporate Update at Scheduled Annual Meeting of Stockholders in January 2023

  • Odyssey is set to hold its Annual Meeting of Stockholders on January 12, 2023
  • The meeting promises an excellent podium to update shareholders on the company’s progress throughout the 2022 calendar year as well as its plans for the future
  • Odyssey has so far achieved vital milestones such as progress in its ONP-002 novel compound on the treatment of concussions, patent protection filing for its Nasal Device, and the expansion of its executive team
  • It looks to take advantage of the meeting to draw stockholders’ views and opinions on specific topics while also offering them a platform to contribute to the company’s decision-making for the 2023 calendar year
  • Odyssey is optimistic about its future, and through its research and product development, it looks to tap into the concussion market, projected to hit $9.3 billion by 2028
Odyssey Health (OTC: ODYY), a medical company focused on unique, life-saving medical products that offer clinical advantages to unmet clinical needs, just announced plans to hold its Annual Meeting of Stockholders, scheduled for January 12, 2023. The meeting will be an excellent platform for the company and its management to update its stockholders on the progress made throughout 2022 and its plans for the future (https://ibn.fm/EQLmk). Odyssey, so far, has achieved critical milestones, among them decent progress on research on its ONP-002 novel compound for the treatment of concussions. In-vivo animal testing has shown ONP-002 to have anti-inflammatory, antioxidant, and antiedematous properties that ensure it eliminates the immediate consequences of a concussion, such as oxidative stress, swelling, and inflammation in the brain. It also does so while also restoring proper blood flow. In addition, further animal studies on the novel compound showed that it reduced behavioral pathology associated with mild traumatic brain injury (“mTBI”) symptoms that include motor/sensory performance, anxiety, and memory impairment (https://ibn.fm/KOmB5). The recently-completed phase I study on concussion treatment, which showed that ONP-002 was safe and well-tolerated among the test group, used Odyssey’s Nasal Device and drug combination. Its management expressed its pleasure in the functionality and performance of the device in the administration of the ONP-002 novel compound, lauding its ability to get drugs for neurological conditions delivered directly into the brain (https://ibn.fm/3gpPy). Odyssey has since filed for patent protection on the device, which it is confident provides an opportunity and advantage for treating neurological conditions (https://ibn.fm/9Qh5I). Odyssey has also expanded its executive team with the introduction of Odyssey Neuropharma’s new Chief Commercial Officer (“CCO”), Erik Emerson, and Chief Operating Officer (“COO”), Greg Gironda. They will drive the company toward market readiness (https://ibn.fm/TXl3e). The 2023 Annual Meeting of Stockholders promises an important podium to discuss the company’s future. It will allow stockholders to lend their views and opinions on specific topics and contribute to the company’s decision-making for the 2023 calendar year. Odyssey’s management hopes the stockholders’ contributions will help push the company forward, even as they work towards creating more shareholder value with aggressive market expansion and advancements in the ongoing and future clinical studies. Odyssey’s management, led by CEO Michael Redmond, remains confident about the company’s future, recognizing the growing opportunities in the medical sector and the high unmet need for treating concussions. The concussion market is expected to hit $9.3 billion by 2028, up from $7.2 billion in 2021, representing a CAGR of 3.7%. Odyssey looks to tap into this growth and grow its shareholder value while at it (https://ibn.fm/HjHxP). For more information, visit the company’s website at www.OdysseyHealthInc.com. NOTE TO INVESTORS: The latest news and updates relating to ODYY are available in the company’s newsroom at https://ibn.fm/ODYY

REZYFi, Inc.’s Financing Services Filling Funding Gap for Cannabis Entrepreneurs, Real Estate Owners

  • REZYFi is a growth mortgage origination and specialized financing company in the U.S. that primarily serves licensed and permitted cannabis companies and owners of real estate who lease to cannabis companies
  • Entrepreneurs have for a long time faced barriers to starting cannabis businesses, including lack of access to capital, a two-tiered regulatory system, and an uneven playing field
  • Some cities in states where medical and recreational use of marijuana is legal are working to eliminate the barriers to entry, such as Sacramento, California’s CORE program
  • The CORE program offers benefits such as business plan development, coaching on access to capital, technical training, data and research strategies and support, market assessment, loan readiness assessment, and more
  • By primarily targeting the cannabis sector, REZYFi is providing access to capital and complementing state-led programs for cannabis entrepreneurs
Cannabis entrepreneurs have long been locked out of traditional sources of capital – from government loans disbursed through the U.S. Small Business Administration to traditional banks. But lack of access to capital is just one of the many barriers to entry that scores of aspiring cannabis business operators face all over the United States. Others include the two-tiered federal and state regulatory system and an uneven playing field for entrepreneurs from minority groups (https://ibn.fm/4vppg), just to mention a few. In addition, the limitations extend to residential and commercial mortgages, which are mostly federally backed and are, therefore, subject to federal law (https://ibn.fm/pSTGl). Cannabis businesses and owners of real estate leased to cannabis companies are often unable to get approvals for mortgage loans and financing because they are not allowed to factor income from marijuana-related operations, which can be termed as illegally derived, at least federally (https://ibn.fm/rbR4M). The origin of these long-running issues traces back to the Controlled Substances Act of 1970, which classifies marijuana as a Schedule 1 drug, a category reserved for substances with a high potential for addiction and abuse and no accepted medical use (https://ibn.fm/UXmOh). Yet, over the years, studies have evidenced that cannabis and its non-psychoactive derivatives have certain therapeutic benefits (https://ibn.fm/3e4TM). Although marijuana use is criminalized at the federal level, many states have legalized it. As of February 3, 2022, 37 states had allowed the medical use of cannabis products, while 21 states had enacted laws to regulate non-medical adult use as of November 9, 2022 (https://ibn.fm/Ko2YA). Some states have even taken extra measures, with California Governor Gavin Newsom, for example, recently signing several bills to strengthen California’s cannabis laws (https://ibn.fm/xgft2). At a more localized level, cities are also taking steps to bolster the business environment for cannabis entrepreneurs, enabling them to take advantage of state-sanctioned freedoms. The City of Sacramento, for instance, launched its Cannabis Opportunity Reinvestment and Equity (“CORE”) program to help eliminate the barriers to starting cannabis businesses. The program achieves this by offering business plan development, coaching on access to capital, technical training, data and research strategies and support, market assessment, loan readiness assessment, fiscal management, small business legal considerations, waiver of the permit fee, priority processing of the application, grants under the CORE Tiered Grant Program, and more (https://ibn.fm/nk8VB). And recently, the first cannabis business fostered by the Sacramento CORE program opened its doors (https://ibn.fm/EpQSv). But what is still a constant headache for cannabis business operators, despite programs such as CORE, is the perpetual difficulty of accessing capital in the form of loans and mortgages from Federal Deposit Insurance Corporation (“FDIC”)-insured banks and financial institutions. At the same time, grants from the CORE Tiered Grant Program, for instance, are limited in terms of the amount of money that can be awarded and the number of qualified awardees that can receive the funds (https://ibn.fm/jWJ8Z). This represents a gap that REZYFi, a growth mortgage origination and specialized financing company in the U.S., seeks to fill. REZYFi regards itself as a real estate-oriented mortgage company servicing the needs of both traditional and non-traditional consumers and businesses, but with a primary focus on the cannabis sector. The company mainly offers mortgage origination and specialized financing to licensed and permitted cannabis companies and owners of real estate who lease to cannabis companies. Leveraging its team’s significant experience in a wide range of real estate and financing sub-sectors, the company is able to tailor financing packages to meet the unique needs of cannabis businesses. Along with its experienced management and staff, REZYFi boasts a network of independent brokers and licensed loan officers, as well as proprietary loan processing and back-office technology powered by machine learning. The technology, in particular, shortens loan processing timeframes and reduces inefficiencies and human errors associated with manual loan processing, underwriting, and servicing (https://ibn.fm/aHwPa). With cannabis businesses and owners of real estate leased to cannabis companies finding it difficult to access funding in the U.S., REZYFi’s role in the ever-expanding market has never been more important. The company’s efforts are bound to complement and even boost government-led interventions in states like California. For more information, visit the company’s website at www.REZYFi.com. NOTE TO INVESTORS: The latest news and updates relating to REZYFi are available in the company’s newsroom at https://ibn.fm/REZY

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