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Lexaria Bioscience Corp. (NASDAQ: LEXX) Targeting Multiple Commercial Applications for Its Patented DehydraTECH(TM) Technology Platform

  • Lexaria Bioscience, a global innovator in drug delivery platforms, has developed and patented the DehydraTECH(TM) drug delivery platform technology
  • The company has undertaken multiple studies as part of its extensive R&D program involving DehydraTECH, which continues to yield positive results
  • This R&D program is focused on the development of product candidates across four main segments, which represent the platform’s potential commercial applications
  • These segments include the development of DehydraTECH-processed cannabidiol (“CBD”) for hypertension, epilepsy, diabetes and dementia; DehydraTECH-processed oral nicotine; other pharmaceutical areas exploring a wide range of DehydraTECH-processed active molecules; and hemp-derived CBD applications for consumer packaged goods (“CPG”)
  • Currently, Lexaria is prioritizing research on DehydraTECH-CBD as a potential treatment for hypertension

Recent advancements in drug delivery techniques have improved, among others, the efficiency and safety of therapeutic treatments and active pharmaceutical ingredients (“APIs”). In fact, analyzing these improvements through the findings obtained by Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, demonstrates the progress is remarkable. Headquartered in Kelowna, British Columbia, the company developed and patented the DehydraTECH(TM) drug delivery platform technology, which is essentially an additional step easily incorporated into the formulation and manufacturing process of existing or new orally ingestible and topical lipophilic (fat-soluble) products.

“This step involves mixing the active ingredient as a delivery ‘payload’ together with certain fatty acids, infusing the mixture into a substrate material, and then using controlled dehydration synthesis processing to associate the payload and fatty acids together at a molecular level, before integrating the newly combined molecules into end-product production across a range of dosage form factors,” explains Lexaria’s website (https://ibn.fm/LbRsP).

According to the company’s extensive studies, its patented DehydraTECH(TM) technology has been shown to enhance the bioavailability (the proportion of the ingested drug that enters the bloodstream) of APIs and increase brain absorption by up to 17x, with the effects felt in minutes (https://ibn.fm/Yr7aP). Other proven benefits include the fact that APIs processed using the technology platform are rendered largely flavorless and odorless, meaning manufacturers no longer have to add sweeteners or chemical masking agents. As a result and using DehydraTECH, they can create low-sugar products with fewer calories while avoiding the use of excessive artificial sweeteners. This is particularly positive, considering that recent studies suggest that consumption of excessive artificial sweeteners predisposes consumers to elevated blood sugar levels and raises their risk of developing stroke or heart disease (https://ibn.fm/feIJQ).

The above DehydraTECH-related findings are part of Lexaria’s extensive repository of positive results generated by its ongoing research and development (“R&D”) program. This program focuses on the development of product candidates across four main segments, which are intended to eventually serve as the platform’s commercialization avenues. These include the development of DehydraTECH-processed cannabidiol (“CBD”) for hypertension, epilepsy, diabetes and dementia; DehydraTECH-processed nicotine delivered via non-combustive methods; other pharmaceutical areas exploring a wide range of DehydraTECH-processed active molecules, including antiviral drugs, hormone treatment, phosphodiesterase inhibitors, and more; and hemp-derived CBD applications for consumer packaged goods (“CPG”).

To date, Lexaria has undertaken multiple studies aimed at improving the commercialization prospects of the platform. “Our applied R&D programs completed since [our up-list to the Nasdaq exchange and capital raise in 2021] have yielded almost entirely positive results – a crucial accomplishment as we prepared to use those results to reinforce our outreach strategy to potential corporate partners,” CEO Chris Bunka stated in his annual letter to shareholders published January 2023 (https://ibn.fm/eYdpz).

Bunka added that the applied R&D “is paying off in spades” because the company is currently engaged in active discussions with several multi-billion dollar companies around the world for the potential use of its DehydraTECH technology in their commercial products pursuits. And while the company cannot disclose the identities of these potential partners prior to the signing of definitive agreements, stakeholders and shareholders can, in the meantime, focus on the positive results of its R&D program, which are bellwethers of potential success.

For instance, in a recent diabetes animal model study, DIAB-A22-1, Lexaria reported at least three positive outcomes, including weight loss in obese diabetic-conditioned animals, a statistically significant improvement in locomotor activity, statistically significant reductions in triglyceride levels (high levels in the blood can suggest the onset of diabetes), and increased levels of HDL cholesterol, the ‘good’ kind of cholesterol (https://ibn.fm/iTQXz).

These findings are the latest in a series of studies evaluating DehydraTECH-CBD as a potential treatment for a number of conditions, including diabetes, dementia, epilepsy, and hypertension, with the latter being the company’s primary and most advanced R&D program in this pipeline. To date, Lexaria has undertaken five human clinical studies evaluating DehydraTECH-CBD for hypertension. In 2023, the company expects to launch an FDA-registered Investigational New Drug (“IND”) program to formally investigate DehydraTECH-CBD, at the Phase 1b stage. And given the success witnessed in the five previous clinical trials, Lexaria believes it has effectively de-risked the upcoming FDA-registered program.

This program, Bunka wrote, is expected to dominate the company’s second half of 2023 and beyond, and “will be a major step in our maturation as a pharmaceutical company and will be our primary research focus once it begins. If it is successful, it should contribute to an increase in our corporate value and an increase in the likelihood of our reaching one or more commercial agreements within the pharmaceutical industry.”

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 a https://ibn.fm/LEXX

Green Housing Market Coast-to-Coast Creates Opportunity for GeoSolar Technologies Inc.

  • Assurance released a new study ranking every state for 11 sustainability factors ranging from solar power to electric heat and recycling regulations, with Oregon coming out on top
  • GeoSolar Technologies is an emerging leader in the space with its new Smart Green(TM) Home that includes a rooftop solar system, geothermal loops, EV charging station, and more
  • As measured by the HERS Index, a Smart Green(TM) Home is essentially 100% more efficient than a typical home built in 2006

Whether motivated by financial incentives, environmental concerns, or both, people are increasingly looking to climate and wallet friendly technologies in their homes. In a study published on March 21, 2023, insurance company Assurance analyzed 11 environmental ranking factors to provide a clearer look at the green movement and discern which are the best locations for green homes.

Green homes use carbon-free technology like rooftop solar panels and electric heat pumps rather than those powered by fossil fuels. For full-service provider GeoSolar Technologies (“GST”), its Smart Green(TM) Home system takes decarbonizing a home to the next level. A whole-house audit is followed by optimizing insulation, designing, and installing a rooftop solar system for the home’s electricity, new electric vehicle charging station, backup battery power, upgraded windows, solar washer and dryer, smart LED lights, and new HVAC (heating, ventilation, air conditioning) system complete with geothermal piping, smart air filtration, and electric heat pump.

Geothermal systems use ground source heat pumps operating with a heat exchanger that, via a loop of pipes run hundreds of feet underground, extracts heat from the ground in winter and serves as a heat sink in summer to provide cooling. They are growing in popularity because they reduce the load on household units to bring the ambient air to the desired temperature. Researchers at the U.S. Department of Energy’s Oak Ridge National Laboratory have developed a free online tool for homeowners using geothermal systems to calculate their cost savings.

On the point of savings, GeoSolar’s Smart Green(TM) Homes have scored some of the lowest marks ever on the HERS (Home Energy Rating System) Index. A typical home built around 2006 scores 100 on the HERS Index. The further below 100, the more efficient the home is (i.e., a score of 70 means a home is 30% more efficient). Smart Green Homes score near zero, meaning they’re essentially 100% more efficient than a typical home built in 2006.

Assurance didn’t specifically mention geothermal in its analysis. However, geothermal is viewed by some as having the potential to become important in the later stages of decarbonization.

Using factors such as percentage of homes using electric heating, recycling regulations, and percentage of electricity from solar, Assurance ranked all 50 states on a scale of 0-50. Oregon came in first for green homes with a score of 39.7, followed by Nevada (36.6), California (33.7), and Arizona (33.4).

Not everything was led by the West Coast states. Texas (33.0) and New York (32.3) rounded out the top six. On a city level, Atlanta, Georgia had the most listing of green home (defined as homes with LEED and Energy Star certifications, along with several green features) on Redfin at 543 homes per 100,000 residents.

As far as trends, Washington leads the country with respect to transitioning to renewable energy. Underscored by 85 state incentive programs to switch to cleaner sources, almost half of the state’s energy consumption comes from renewable power. Florida was the hands-down winner for homes using electric heat at a whopping 91 percent. Even with Florida more than doing its part, the national average was just 36.6 percent.

Assurance also noted that having a green home provides benefits beyond being a steward of health for Mother Earth. There are incentives and rewards for transitioning from fossil fuels to renewables that can save money for upgrading a home, as well as saving money on insurance, loans, and taxes. For the energy-conscious resident, GeoSolar Technologies handles the whole process to ensure the homeowner capitalizes on every incentive available.

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

Cepton, Inc. (NASDAQ: CPTN) Announces 2022 Financial Results With 65% YoY Growth in Revenues

  • Cepton, Inc. recently published its 4Q22 and FY22 financial results
  • The company revealed that it had generated FY22 revenues of $7.4 million, up by 65% relative to FY21 results. Furthermore, Cepton guided for FY23 revenues of $15-20 million
  • Cepton is at the forefront of lidar technology development, a position they’ve further consolidated with the recent launch of their award-winning Vista® X-120 Plus sensors

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and pioneer within high-performance MMT® lidar solutions, recently announced their financial results for the fourth quarter and full year ending December 31, 2022 (https://ibn.fm/6wp95). The company reported full year 2022 revenues of $7.4 million, within the target guidance provided by Cepton earlier in the year and equivalent to a 65 percent increase year over year. Meanwhile, full year GAAP net income was equivalent to $9.4 million or $0.06 per share. During their release, Cepton provided guidance for their 2023 figures, forecasting full year 2023 revenues to come in at between $15 million to $20 million; meanwhile, the company revealed that they expected 2023 operating expenses to be in line with 2022’s results (i.e., $61.4 million).

The past year has been a momentous one for the company, punctuated by a series of operational and financial highlights. Whether it was unveiling their award-winning Vista® X-120 Plus, the slimmest software definable, top-end automotive lidar for real-time adaptive 3D perception; winning a multi-million-dollar sales contract from one of the largest highway tolling system operators in the U.S.; or successfully closing on a $100 million investment from Japan’s Koito Manufacturing Co., Ltd., Cepton has unveiled a broad array of milestones over the course of the past twelve months.

“We closed out our first year as a public company with notable achievements,” said Jun Pei, Cepton’s Co-Founder and CEO. “We are in the final stages of preparation for the start of the production launch of our lidar for OEM customers, we announced our next-generation Vista® X-120 Plus lidar to meet future OEM requirements and closed the $100 million investment from Koito. We look forward to capitalizing on our extensive experience in commercializing automotive grade lidar to win additional series production awards this year,” Jun Pei added.

Cepton has long sought to position themselves at the cutting edge of lidar based technology, envisioning a future where their technological innovations may be used to drive the next stage of development within the autonomous-driving space. Whilst the company believes that fully autonomous driving may still be a couple of decades away, they operate under the assumption that technologies supporting advanced driver assistance systems (ADAS) will continue to gain traction in the automotive industry. In a recent interview carried out at the M30 Mobility Summit, Cepton CFO, Hull Xu expounded on his vision of the ongoing developments within the mobility sector and Cepton’s potential role in the technological revolution.

“The lidar technology has been around for a couple of decades, maybe more. In the past five years, it has been more about who has the right technology to enable the right application. And as we mentioned earlier, we think the application that’s most relevant to people is ADAS. What we think right now is that lidar is moving from a pure technology discussion to deployment. So, whose technology product is going to be in vehicles that are mass produced? That is the competition we are in today,” he stated.

Autonomous driving technology has quickly become a focus area for automotive OEMs across the world, attracting billions of dollars in capital investment over the past several years. With Cepton leading many of its peers, both in terms of its technological breakthroughs as well as its commercial achievements, the company looks well positioned to benefit from the sector’s continued development.

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

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

Fintech Ecosystem Development Corp. (NASDAQ: FEXD) Is ‘One to Watch’

  • The FEXD management team has extensive international experience in developing global fintech platforms and services
  • The company in September 2022 announced a business combination with Rana Financial, which provides transfer of funds services between the U.S. and Latin America
  • At that same time, FEXD announced the acquisition of Afinoz, a digital lending platform used by India’s leading banks
  • In January 2023 the company announced an extension to close its announced business combinations with Rana and Afinoz through April 2023

Fintech Ecosystem Development (NASDAQ: FEXD) is a special purpose acquisition company (“SPAC”) formed for the purpose of effecting one or more business combinations with an intent to focus on the financial technology sector.

The company’s mission is to create and grow a global financial services ecosystem to address unmet mobile money needs in developing and industrialized countries and markets. FEXD plans to achieve this by acquiring and merging with financial technology pioneers that have the potential to help establish its global fintech ecosystem, and by continuing the development of proprietary technologies and applications to keep the company at the forefront of the cashless society market.

Digital money is replacing physical cash. Consumers can buy products and services from anywhere in the world and make payments across borders. Parents can send money to students studying in other countries. Migrant workers are sending money to families in developing nations. Rural villagers without banks can send and receive money using their smartphones. FEXD is developing mobile transaction platforms, applications and services that are helping to implement these changes.

The company plans to offer a diverse portfolio of products and services to consumers and businesses in the United States, South Asia, East Asia, Africa, Europe and Latin America. Its growth strategy includes acquisition, innovation and market development.

FEXD is a Delaware corporation based in Collegeville, Pennsylvania. The company was launched in May 2021 by a management team led by Dr. Saiful Khandaker that has extensive experience in developing and managing financial service platforms and applications, primarily in the mobile money sector. FEXD is sponsored by Revofast LLC.

Acquisition Targets

In September 2022, FEXD announced definitive agreements for business combinations with Rana Financial Inc., a Georgia corporation, and Mobitech International LLC (dba Afinoz), a limited liability company organized in the United Arab Emirates. The agreements call for Rana and Afinoz to become wholly owned subsidiaries of FEXD, with the combined company expected to continue trading on the Nasdaq under existing ticker symbol ‘FEXD’. The mergers are expected to close in Q2 2023.

Rana Financial

Rana Financial is a licensed money transfer company founded in 2009. Rana provides fast and affordable online and mobile transfer of funds between the U.S. and Latin America. Rana has been providing money transfer services in the U.S. market for 13 years and has 30,000 active users. Rana’s money transfer business grew to 200,000 transactions in 2021. The merger agreement values Rana at an implied $78 million enterprise value.

Mobitech International LLC

Mobitech International LLC (dba Afinoz) is an artificial intelligence-enabled digital lending platform used by India’s leading banks, non-banking financial companies and fintech loan providers. Afinoz’s fintech platform supports enterprises making loans primarily to middle- and working-class borrowers via its website or through its mobile phone application. Afinoz’s platform makes loans available and affordable to millions of Indian workers and unbanked users by providing access at a low cost. Afinoz’s platform has more than 50 lending partners, and its database of registered users in India includes more than two million individuals. The merger agreement values Afinoz at an implied $120 million enterprise value.

Market Opportunity

According to analysis by global market research firm Mordor Intelligence, the worldwide financial technology market is valued at approximately $194 billion in 2023 and is projected to grow to nearly $500 billion by 2028, representing a CAGR of 18.97% for the forecast period. According to the report, various financial crises and the COVID-19 pandemic have fueled consumer adoption of, and investor interest in, fintech over the past several years.

Management Team

Dr. Saiful Khandaker is Founder, CEO and President of FEXD. He is Group CEO and founder of FAMA Holdings Inc., a global developer of fintech platforms, applications and services based in the U.S. with offices in the U.K., India, Bangladesh and Zambia. He is currently leading the development of the FAMACASH(TM) network, a global fintech ecosystem to provide fast, affordable mobile money services in underserved countries such as Bangladesh. Before founding FAMA, Dr. Khandaker spent more than two decades leading the development of software solutions for Fortune 100 companies and startups. He also helped numerous clients modernize their fintech services as Chief Technology Officer at Mi3. He holds a Doctor of Management in Organizational Leadership, a Master of Science in Technology Management, and a Bachelor of Science in Computer Information Systems.

Jenny Junkeer is CFO at FEXD. She is a Chartered Accountant with over 17 years of experience. As CEO of Junkeer New Era Consulting, she leads a team specializing in helping companies launch and optimize business operations in fast-changing industries. She has extensive experience helping organizations scale operations to maximize value. She is an Adjunct Association Professor at Deakin University in Australia, a board member of the Global Health Initiative Foundation, and Director of Implementation at ConnectCV. She holds a Bachelor of Commerce Degree (Honors) from Monash University.

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

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

SideChannel Inc. (SDCH) Helping Improve Businesses’ Cybersecurity Attack Readiness Through Affordable and Robust Cybersecurity Support

  • It is estimated that as a result of the COVID-19 pandemic, cybercrime, including theft, data hacking, and destruction, grew by 600%, forcing nearly every industry to embrace new cybersecurity solutions
  • Cybercrime is projected to cost companies worldwide an estimated $10.5 trillion annually by 2025, up from $3 trillion in 2015. However, the hefty upfront cost associated with protecting businesses from these attacks is leaving most SMBs vulnerable
  • SideChannel acknowledges this issue, and through its team of vCISOs and vCPOs, it is lowering the barrier of entry to access fundamental cybersecurity services, ultimately providing a robust yet affordable solution
  • By doing so, the company is playing a pivotal role in improving cybersecurity attack readiness while making robust cybersecurity solutions more accessible and affordable, particularly to SMBs

SideChannel (OTCQB: SDCH), a company founded on the belief that all enterprises, big or small, can have top-tier security guidance at a manageable cost, recognizes the current cost-prohibitive issue with cybersecurity solutions, and seeks to address it by offering affordable and robust cybersecurity support. In addition, the company acknowledges cybersecurity as a growing concern, and the inability of small and mid-sized businesses (“SMBs”) to access associated services is an issue that needs to be addressed, lest many be put out of business.

It is estimated that due to the COVID-19 pandemic, cybercrime, including everything from theft to data hacking and destruction, grew by 600% (https://ibn.fm/CK27W). This has forced nearly every industry to embrace new solutions and adapt quickly to the changing cybersecurity environment. With cybercrime projected to cost companies worldwide an estimated $10.5 trillion annually by 2025, up from $3 trillion in 2015, businesses are being forced to identify new and more effective ways of protecting themselves and their data from attacks. However, this comes at a hefty upfront cost that most SMBs cannot afford, leaving them vulnerable to such attacks.

SideChannel acknowledges this issue, and through its team of expert virtual Chief Information Security Officers (“vCISOs”) and virtual Chief Privacy Officers (“vCPOs”), it is lowering the barrier of entry to access essential cybersecurity services. This approach ultimately provides a robust yet affordable solution targeted explicitly toward SMBs. It also helps elevate cybersecurity readiness among these businesses, thus lowering the likelihood of a successful attack and mitigating the damages should one occur.

A Cybersecurity Readiness Index released by Cisco (NASDAQ: CSCO) noted that a mere 15% of organizations globally have a “mature” level of readiness needed to be resilient against today’s modern cybersecurity risk. In addition, the report noted that more than half (55%) of companies globally fall under the “beginner” (8%) or “formative” (47%) stages, meaning that they perform grossly below average on cybersecurity readiness (https://ibn.fm/PIlya).

60% of respondents in the Cisco study noted that they had a cybersecurity incident in the last 12 months, with 41% of those affected citing losses of at least $500,000. The double-blind survey, which involved 6,700 private sector cybersecurity leaders across 27 markets, laid bare the prevalence of cybersecurity threats and attacks. In addition, it highlighted the cost implications of these threats while emphasizing the importance of preparedness and the right systems and infrastructure to protect one’s business against such threats.

SideChannel looks to provide access to expertise through experienced vCISOs, a dependable and consistent source of critical information and experience. By doing so, it enables enterprises, specifically SMBs, to understand the cyber environment, develop cybersecurity programs specific to their use cases and track those programs in a way that mitigates cyber risk and guarantees the smooth running of the business. Through these efforts, SideChannel is playing a pivotal role in improving cybersecurity attack readiness while making robust cybersecurity solutions more accessible and affordable, particularly to SMBs.

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

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

Social Media Strategies Summit – First Responders to Accelerate Your Career and Stay Ahead of the Curve

Digital Engagement experts, Public Relations officers, and Social Media & Content Management executives, are all invited to attend the 2023 edition of Social Media Strategies Summit – First Responders. The summit will be held from April 12-13, 2023 as a virtual event.

The Social Media Strategies Summit (“SMSI”) will provide a stage to learn about real-life case studies that offer practical insights into generating fresh, creative ideas for social campaigns. SMSI will feature a mix of industry experts who will share advanced social media strategies to grow online communities for SMEs.

As the leading social media conference for social media service and solution providers, SMSI offers a unique opportunity to engage with a targeted audience of decision-making first responder specialists. This virtual social media summit series will offer marketing inspiration led by senior-level executives from across the world.

Highlights

  • Learn the intricacies of a winning social media strategy
  • Evaluate social media initiatives through discussions and real-life feedback
  • Revive strategy framework
  • Nurture a cache of resources, tools, and connections
  • Experience an exclusive online assembly of cross-industry, senior-level marketers.

Being Social Media Champion With SMSI

Investing in professional growth is the best way to enhance skills, stay informed, and connect with experienced industry experts. SMSI continues to be the leading social media marketing conference for marketers. This virtual conference summit will help marketers with social media marketing challenges in the current scenario.

SMSI offers a great opportunity to learn the best practices in social media marketing from a mix of experienced award-winning agencies and in-house practitioners. Attendees will get a 360° view of what it takes to implement an effective, revenue-driving social media strategy. This virtual event is a chance to participate in interactive sessions and activity-based workshops to deep dive into explicit social media topics. Each speaker is committed to bringing the latest knowledge to help generate winning ideas for social media campaigns.

The Social Media Strategies Summit will bring together leading experts and scholars from around the world. It will provide the opportunity for both senior and young scholars to present their research and take feedback to excel in their careers.

To learn more, please visit https://ibn.fm/nkVQa.

Prime Harvest Inc. Launches Weed 4 The People Reg A+ Offering to Fund Cannabis Retail and Delivery Expansion Across California

  • Prime Harvest launched Reg A+ offering, Weed 4 The People, which enables public to invest for as little as $4.20 per share
  • Company aims to raise $42M to fund expansion of JAXX Cannabis, flagship store and delivery platform
  • Company achievements include 976% revenue growth from 2019-2022, 395% unique customer growth, 60+ brand partners
  • Company aims to open 20++ locations across California within five years, recently received approval recommendation for conditional use permit to open retail cannabis outlet in the City of San Diego

Prime Harvest, a tech-focused legal cannabis enterprise and parent company to SoCal’s premier dispensary JAXX Cannabis, recently launched Weed-4-The-People – the company’s Reg A+ offering that allows the public to own a piece of the company for as little as $4.20 per share at a minimum of 100 shares.

Prime Harvest aims to raise upwards of $42M to fund the expansion of JAXX Cannabis, the company’s flagship store, and delivery platform. Options for potential investors range from $420 to $50,000+, with rewards that include equity stake in the company, and in store benefits including instant rebates, cashback incentives, Jaxx tasting room access, bonus shares, and more.

Weed-4-The-People is a  different type of stock offering; an offering where every single dollar you invest goes toward the acquisition of licensed assets, toward the development our direct-to-consumer mobile app, and the expansion of state-wide delivery,” stated Prime Harvest Founder Duane Alexander in a note on the Reg A+ offering website.

Prime Harvest has been active in the San Diego cannabis space since its inception as a local producer in 2017. The company has since grown to include 60+ brand partners, including iconic brands like Jeeters, STIIIZY, Lime Cannabis Co., West Coast Cure, and Grizzly Peak.

The company’s objective is to continue the development of its upcoming first-in-class delivery service mobile app which promises to strengthen the commercial cannabis pipeline while offering consumers a personalized, data-driven experience. According to Reg A+ offering website, company revenue grew by 976% from 2019-2022, while annual customer growth increased by $696 and unique customer growth expanded by 395%.

Prime Harvest aims to open 20+ locations across California within the next five years. The company recently received an approval recommendation from the San Diego Planning Group for a conditional use permit to open a retail cannabis outlet in the City of San Diego (https://ibn.fm/VXkSo). Unlike previous attempts from different business entities, Prime Harvest’s application took a positive turn due to noteworthy support by the local community during the public hearings process.

Prime Harvest continues to grow its footprint in California by investing in the growth and scale of current licensed assets, focusing on acquisition, compliance management, and direct-to-consumer operations. With an experienced leadership team, a solid business foundation, and a winning track record, the company is strongly positioned to lead California’s rapidly growing cannabis sector.

For more information on Prime Harvest’s Reg A+ offering, visit www.weed4thepeople.com.

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

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

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Strengthens its Fundamental Corporate Tenet with Key Executive and Management Team Appointments

  • Ucore announced new additions to its executive and management teams in what the Chairman and CEO, Pat Ryan, believes strengthens and advances the company’s fundamental corporate tenet
  • Geoff Atkins was appointed as Ucore’s Vice President of Business Development, while Jaan Hurditch was appointed as Engineering Director, leading the company’s engineering activities
  • Ucore also bolstered its Advisory Board with the appointment of Dr. Ahmad Hussein, who will also serve as the Government Liaison
  • These appointments come just in time following the commissioning of the demonstration plan in Kingston, Ontario

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a critical metals (“CM”) separation technology company, just announced new additions to its executive and management teams in a move that sees the company transition toward production. As a company committed to executing an environmental, social, and governance (“ESG”)-centered plan toward establishing a comprehensive North American critical metals supply chain, these appointments, according to the company’s Chairman and CEO, Pat Ryan, allow Ucore to strengthen and advance its fundamental corporate tenet (https://ibn.fm/ZRJg1).

“These recent additions to the Ucore team allow the company to strengthen and advance this fundamental corporate tenet as Ucore executes its transition to a technology company entering into a production environment throughout 2023 and 2024,” noted Mr. Ryan.

Geoff Atkins was appointed Ucore’s Vice President of Business Development, lending over 30 years of experience as a mining executive and over 15 years in the critical mineral sector. Mr. Atkins’ focus on developing rare earth projects over his career has earned him the title of one of the few mining executives outside China who has played an integral role in establishing two rare earth operations. At Ucore, he will be responsible for the development of implementation strategies to secure contracts with rare earth feedstock projects worldwide in a bid to support Ucore’s Strategic Metals Complex (“SMC”) Business Model.

Jaan Hurditch was also appointed as Engineering Director, leading the company’s engineering activities. Having previously worked with Ucore’s wholly owned subsidiary, Innovation Metals Corp. (“IMC”), as the RapidSX(TM) Platform Development Manager, Mr. Hurditch will now be responsible for the development of the RapidSX(TM) hardware platform. The platform is undergoing commissioning trials at the Kingston, Ontario, Demonstration Plant, and is projected to be commercially deployed during the construction of the Louisiana SMC in 2024.

Ucore also bolstered its Advisory Board with the appointment of Dr. Ahmad Hussein, who will also serve as the Government Liaison. With a legacy of cultivating strategic relationships with Canadian and US government agencies, Dr. Hussein will bring potential partners across the supply chain and add value to Ucore’s proprietary RapidSX(TM) technology platform opportunities and long-term strategic plans.

“One of the key pillars of our business model includes building the right team to execute a fundamentally sound economic plan underpinned by the best available technology,” noted Pat Ryan.

“We sincerely welcome Geoff, Jaan, and Ahmad to our remarkable Ucore team,” he added (https://ibn.fm/7A1uw).

These appointments come just in time following the commissioning of the demonstration plant in Kingston, Ontario, along with the scheduled processing of 2,000 tons of total rare earth oxides annually, commencing by the end of 2024. The company plans to scale up operations at the plant to 5,000 tons by the end of 2026, and these appointments will play a key role in achieving that goal. The appointments will also be integral to Ucore further expanding its operations, market reach, brand equity, and overall market share of the Rare Earth Elements (“REE”) processing market, which China currently dominates.

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

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

Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Launches Phase 3 Drill Program at High-Grade VMS Copper-Gold-Zinc-Silver Project

  • Arizona Metals is focused on its high-grade copper-gold Kay Mine Project in Arizona
  • The company has budgeted $32 million for a Phase 3 exploration program at Kay Mine Project and had an aggregate of $58 million in cash at the end of Q3 2022
  • The company has recently commenced its latest drill program as it seeks to better understand the mineralization at the 97% of its project that has yet to be drilled

Right now, metals across the periodic table are arguably in their best position of the memorable past for future upside. The energy transition is bullish for base, ferrous, non-ferrous, and metals critical to green technologies and the entire supporting cast, such as infrastructure for electric vehicles and alternative energy systems. Economic upheaval is churning on the sidelines globally, which is positive for gold and other precious metals known historically as stores of value and inflation hedges. Against this backdrop, the timing looks ideal for exploration companies like Arizona Metals (TSX: AMC) (OTCQX: AZMCF) to be positioned for a prosperous 2023 and beyond with its high-grade Kay Mine Project.

Fully funded for a $32 million Phase 3 exploration program at the Kay Mine Project, Arizona Metals stands out from others at a time when metals are being called “the new oil” in light of surging demand across the board. This is particularly important to U.S. focused explorers as the country is in desperate need to reduce reliance on metal imports and develop new projects as a matter of national security.

The Toronto Stock Exchange is a bellwether for sentiment towards mineral explorers. A look at the chart shows a potential momentum shift with a groundswell of interest in 2023. After finishing 2022 at 108, the index has gained 10 percent so far in 2023 and earlier this month tested its highest point since September.

Threats of rising inflation, an energy crisis, and rising interest rates hearken memories of the early 1980’s when gold soared as recession worries mounted. So far, Wall Street is banking on the Federal Reserve taming inflation with all tools at its disposal, but if there is even a hint of concern that the main bank loses control, gold will almost certainly rally hard. 

Base and metals part-and-parcel to shifting away from fossil fuels are going to experience a large rise in demand. It’s inevitable if governments worldwide are going to meet their aggressive carbon reduction goals in the next decade. Silver is particularly interesting as it is generally identified as a precious metal, while many also recognize it as a base metal for its litany of uses in industry.

Arizona is a hotbed of mining activity and the largest producer of copper in the U.S. Known to be familiar to base metal exploration, the Fraser Institute in 2020 named Arizona the second most attractive jurisdiction for mining investment.

Add it up and Arizona Metals is pushing at the right time to advance the Kay Mine Deposit, its flagship copper-gold-zinc-silver asset located in Yavapai County. The world-class VMS (volcanogenic massive sulfide) high-grade deposit has a history going back over a century in a prolific region that includes 60 past-producing underground Cu Au-Zn VMS mines within a 150-kilometer radius.

An historic resource estimate at Kay shows 5.8Mt at 2.20% copper, 3.03% zinc, 55 grams/tonne (g/t) silver, and 2.81 g/t gold.(1) Exploration by Arizona Metals has continued to prove and expand the resource with repeated intercepts of high-grade metals. Cuts such as 98.3 meters at 8.3g/t AuEq (gold equivalent) in drill hole KM-22-60 and 125 meters grading 3.2% CuEq (copper equivalent) in KM-22-57B distinguish the project for grade and width.

In February 2023, the company completed construction of the road to the first of two drill pads which will be used to test the Western Target at Kay Mine. These new pads will also allow for drilling of additional coincident anomalies located between the Central and Western Targets. The Central and Western Targets were previously defined based on coincident structural, stratigraphic, geochemical, and geophysical anomalies (through extensive geologic mapping, sampling, and electromagnetic and gravity surveys). The Phase 3 drill program to test the Central and Western Targets is currently underway.

With $58 million as of September 30, 2022 (the latest reported quarter), Arizona Metals is flush with cash to meet its $32 million budget for a Phase 3 drill program.

Arizona Metals CEO Marc Pais said, “the first hole to test this large coincident EM-geochemical-gravity anomaly is now underway. While this target is located only 1,200m west of our Kay Mine Deposit, the drilling started in February will be the first to test this area in the history of the property.”

While drilling at the discovery zone is looking like it could produce “company maker”-type metals on its own, the new exploration is reason for investors to be excited for results. To date, only 3 percent of prospectively mineralized horizon has been drill tested at the Kay Mine Project, leaving a lot of headroom for expansion amid an extremely favorable mining environment. On Feb. 28, 2023, the company presented its latest findings at the 32nd Global Metals, Mining & Critical Minerals Conference.

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

Full Disclosure: Arizona Metals Corp. is an InvestorBrandNetwork marketing client.

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

(1) The historic estimate at the Kay Mine Deposit was reported by Exxon Minerals in 1982. The historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a “qualified person” (as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects) before the historic estimate can be verified and upgraded to be a current mineral resource. A qualified person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource.

Lexaria Bioscience Corp.’s (NASDAQ: LEXX) CEO, Chris Bunka, Confident that 2023 will be Lexaria’s Best Year Ever

  • Chris Bunka, Lexaria’s CEO, remains confident that 2023 will be Lexaria’s best year ever and has expressed his optimism that the company will continue to build its client base and increase its cash flows as the year progresses
  • In his 2023 letter to stakeholders, the CEO expressed his satisfaction given that the company had delivered on a statement that he made the previous year, lauding his team for meeting objectives that Lexaria had set out to achieve in the 2022 calendar year
  • Through the help of his team, Bunka is committed to making Lexaria one of the top drug delivery performers in the biotech/pharmaceutical world, starting with the launch of its FDA-registered IND program to investigate its patented DehydraTECH(TM)-processed CBD for the potential treatment of hypertension

Back at the start of the 2022 calendar year, Chris Bunka, the CEO of Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, released his annual letter to all stakeholders. Of note was his emphasis on the company’s initiatives to have multiple choices in how it was funded, specifically trying to position Lexaria for non-dilutive injections of capital through strategic partners and other commercial relationships (https://ibn.fm/FBOAY).

In his 2023 letter, Bunka expressed his satisfaction and pleasure, given that the company delivered on the statement he made the previous year, pointing to his team for delivering objectives that Lexaria had set out to achieve in the 2022 calendar year.

Under the able leadership of John Docherty, Lexaria’s President and Director, as well as Gregory Downey, the Chief Financial Officer (“CFO”), the company has built on the progress made in 2022 to begin the transition toward a more commercial focus.

Lexaria was granted new patents in 2022, bringing its total to 28 granted patents worldwide across the United States, Canada, Mexico, Australia, Japan, India, and the European Union. The management expects to be awarded additional patents in the 2023 calendar year, even though it has already achieved considerable intellectual property protection through its existing patent portfolio.

Importantly, with its current positioning, Lexaria is seen as being able to fully operate through nearly all of 2023 without raising additional capital:

“In fact, we’ve done such a great job of preserving capital that we could survive through nearly all of 2023 without needing to raise additional capital, if we cut back a little on our R&D spending,” noted Bunka. “However, as we prefer to keep advancing our applied R&D at a rapid pace as we can, we are also continuing to pursue capital-strengthening possibilities that do not involve the issuance of any equity,” he added.

Going forward in 2023, Lexaria looks to launch its FDA-registered Investigational New Drug (“IND”) program to formally investigate its patented DehydraTECH(TM)-processed CBD for hypertension. The company also seeks commercial relationships this year, even as its R&D progresses. Bunka has also shared the possibility of additional investigations in 2023 related to DehydraTECH-CBD or other pharmaceutical areas of interest.

With the learnings from the previous year, Bunka is confident that 2023 will be Lexaria’s best year ever. With the company enjoying more successes than failures, its management hopes it will continue to build its client base and increase its cash flows as the year progresses.

“It is my goal for 2023 to make Lexaria Bioscience one of the top drug delivery performers in the biotech/pharmaceutical world as we continue to prove the validity of our technology, and really begin our efforts to deliver financial rewards to you, our owners,” noted Bunka.

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

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