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As Cloud-Based Business Infrastructure Increases Globally, SideChannel Inc. (SDCH) Offers vCISO Solutions for SMB Sector

  • SMBs are increasingly vulnerable to cyberattacks, from attacks on internal customer and employee records to proprietary secrets, and, although there are no foolproof solutions, there are now affordable and proven ways for SMBs to significantly mitigate the risks
  • SideChannel’s team of vCISOs (virtual-based Chief Information Security Officer) possess a combined 400-plus years of experience in cybersecurity, offering creative solutions in the form of a bespoke cybersecurity program perfectly sized for growing enterprises
  • The global cybersecurity market was valued at $139.77 billion in 2021 and is expected to reach $155.83 billion in 2022
The rapid digitization of supply chains creates serious new security risks. According to predictions by Gartner, 45% of organizations worldwide will have experienced cyberattacks on their software supply chains by 2025. With 60% of the current workforce working remotely, organizations are more vulnerable to attacks. They recommend that security leaders look beyond traditional approaches to security monitoring, detection, and response, to manage wider risks (https://ibn.fm/JnH6G). SideChannel (OTCQB: SDCH) is simplifying cybersecurity for mid-market companies by matching them with highly experienced information security officers at a cost lower than building an in-house information security team or hiring a full-time Chief Information Security Officer (“CISO”). Comprised of a team of virtual CISOs (“vCISOs”), SideChannel possesses a combined 400-plus years of experience in cybersecurity, lending its talent to clients and creating value in the form of cybersecurity programs perfectly sized for growing enterprises. Small- to mid-sized businesses (“SMBs”) are especially vulnerable to breaches and cyberattacks. The fast-growing cannabis industry has also seen a rise in cyberattacks, from breaches in information security at the point-of-sale terminals to internal customer and employee records to cultivators who risk losing proprietary formulas or having a crop ruined by ransomware attacks, making it imperative for solutions to be implemented to mitigate cyberattack risks. It isn’t just the cannabis industry; retail establishments, farming initiatives, and other businesses (of all sizes) are vulnerable to attacks. Implementing a zero-trust philosophy is one way to safeguard against cloud-based cybercrime (https://ibn.fm/p5jdw). The main principle behind zero trust is to authenticate everything – trusting no one without authorization or authentication. This security measure is critical to protect businesses from threats when shielding data and the infrastructure stored in the cloud. With data privacy laws becoming increasingly strict, 2023 will be no different – with the laws becoming more stringent. Over the next year, several new laws are expected to go into effect. Many data privacy laws require businesses to change how they store and process data; however, new implementation can pose a risk if not done correctly. As a result, the global cybersecurity market is also expanding. The market was valued at $139.77 billion in 2021 and is expected to reach $155.83 billion in 2022. Growing at a CAGR of 13.4% during the forecast period, the market is expected to reach $376.32 billion by 2029. The driving factors for the market’s growth are the emergence of online e-commerce platforms, the advent of core technologies like the internet of things (“IoT”), artificial intelligence (“AI”), and the implementation of remote workforce settings (https://ibn.fm/eaUM9). SideChannel is committed to creating top-tier cybersecurity programs for SMBs to help protect their data and assets. To date, the company has created more than 50 multi-layered cybersecurity programs for its clients. They have honed their skills and abilities in places like Anthem, Dick’s Sporting Goods, Best Buy, TD Bank, and the Pentagon. SideChannel continues to expand its service offerings, workforce, and customer base, attracting over 20 vCISOs to serve across industries, including fintech, biotech, healthcare, manufacturing, legal, defense, and technology services. 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

Luis Merchan, Helping Flora Growth Corp. (NASDAQ: FLGC) Become Global Leader in the CBD Space

  • Luis Merchan was appointed President of Consumer Goods at Flora in July 2020 before being appointed as the company’s CEO five months later, and chairman of its Board of Directors in May 2022
  • Merchan would lend his years of experience at Macy’s, where he led various sales and marketing initiatives, including the B2B corporate team responsible for bringing in $160 million in annual revenue
  • Under his leadership, Flora has transitioned from the development stage to a full-scale international distributor with operations in over 12 countries worldwide. Mr. Merchan has also spearheaded several M&As, all of which have since set the company up for rapid growth
  • Flora maintains its revenue guidance for FY 2022 to be between $35 and $45 million, incorporating revenue contributions from its various operating divisions, including Vessel Brand
In July 2020, Flora Growth (NASDAQ: FLGC), a cannabis cultivator, brand manufacturer, and global distributor, appointed Luis Merchan as the President of Consumer Goods. Mr. Merchan would lead the company’s CBD portfolio, eventually launching four unique brands in the United States and facilitating the growth of the company’s operating divisions (https://ibn.fm/g5z3H). His performance would influence his appointment as CEO of the company five months later, taking over from Damian Lopez. Before joining Flora, Mr. Merchan held various positions at Macy’s Inc., including Vice President (“VP”) of Workforce Strategy and Operations, VP of Customer Experience and Selling Support Services, and Group VP of National Merchandising and Sales Beauty. Over his 9-year tenure at Macy’s, Mr. Merchan led various sales and marketing initiatives that included the B2B corporate sales team responsible for bringing in $160 million in annual revenue for the company. This earned him the Macy’s Chairman’s award for four consecutive years, from 2015 to 2018 (https://ibn.fm/QgMSx). During the announcement of his appointment as Flora’s head, the outgoing CEO, Damian Lopez, noted the company’s plan to adapt its team to put Flora Growth in the best position possible to carry on its impressive growth trajectory. In addition, he lauded Mr. Merchan’s performance as President of Consumer Goods, citing how impressive of a business executive he was and how integral he would be for the company’s growth going forward. “I am excited to leverage my past consumer packaged goods experience at Macy’s while continuing to work closely with Damian and leveraging his knowledge of the company and the industry to make Flora Growth a global cannabis brand,” noted Mr. Merchan (https://ibn.fm/rr4YP). Merchan has since been appointed Flora’s Chairman of the Board, taking over from Bernie Wilson, terming it as a “Testament to what we have built together thus far.” This came on the heels of Flora’s transition from the development stage to a full-scale international distributor with operations in over 12 countries worldwide; all achieved under Merchan’s leadership. Merchan has also spearheaded several mergers and acquisitions (“M&As”), most notably JustCBD and Vessel Brand, which have since set the company up for rapid growth. Flora has since also secured $34.5 million in financing and signed deals with key retail distributors such as Tropi, a Colombia-based distributor, Walmart, and Macy’s. The company also completed its first import of CBD-containing food and beverage products into the United States from Colombia under its Mambe brand. It has also signed an agreement with luxury clothing and lifestyle brand Tonino Lamborghini to distribute designer CBD beverages through this retailer. Flora maintains its revenue guidance for the 2022 financial year to be between $35 and $45 million, incorporating revenue contributions from its various operating divisions, including Vessel Brand. Mr. Merchan is confident that the company will realize these projections, even as it works towards further market expansion and product diversification as time progresses. Under his leadership, Mr. Merchan is slowly turning Flora into a global leader in the CBD space while also helping it execute its strategy to achieve its short-term and long-term objectives. For more information, visit the company’s website at www.FloraGrowth.com. NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://ibn.fm/FLGC

EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) Putting Organic Waste to Work, Not in Landfill, as Canada Strives for Emissions Goals

  • Alberta Research Council estimated Canada’s RNG production potential equivalent to 1,200 billion cubic feet annually, equal to ~1/3 of 2017 natural gas consumption
  • EverGen Infrastructure is leading the trend towards RNG, owning/operating 4 projects in western Canada with expansion into Ontario through 50% ownership in a large-scale project
  • Flush with cash, EverGen is expanding aggressively, with expectations for core projects to generate a range of $50-$60 million in annual revenue
Canada is stepping up its game in a bid to meet its goal of net zero emissions by 2050, a benchmark that has become the target of many countries worldwide. Currently, over 140 countries have officially set targets or are considering a net zero by 2050 commitment. In June 2021, Canada passed the Canadian Net-Zero Emissions Accountability Act, enshrining its vision into law, promptly following that in July by lowering its mid-term goal to emissions levels of 40-45% of 2005 levels by 2030, versus a prior mark of 30 percent. The regulatory atmosphere and social awareness situation couldn’t be better for companies like EverGen Infrastructure (TSX.V: EVGN) (OTCQX: EVGIF), which is aggressively expanding nationwide with its Renewable Natural Gas (“RNG”) infrastructure platform. RNG is just like the name implies. Organic waste from sustainable sources such as farms, landfills, and sewage treatment plants are processed, creating a biogas refined into biomethane as output that is equivalent to conventional natural gas and ready for injection into existing pipelines. The digestate byproduct from the process provides solid and liquid end-products for use in other applications, such as fertilizer. The beauty of RNG is that it is produced from infinite sources, as humans and animals will forever produce waste. Decomposing waste contains large amounts of methane, carbon dioxide and hydrogen sulfide. Separating the methane from the contaminants and refining it to 95+ percent purity (just like traditional natural gas) spares the atmosphere from greenhouses gases being burned off or naturally emitted where they contribute to climate change. It goes without mentioning that RNG creates clean gas without drilling a single hole in the ground, a criticism of natural gas production. In the trend towards reuse and sustainability, RNG will play a substantial role. Natural gas is not only used in in homes and businesses, but also increasingly becoming popular in the transportation industry to cleanly power vehicles. In a 2013 report, the Alberta Research Council estimated Canada’s RNG production potential equivalent to 1,200 billion cubic feet annually. That’s more than one-third of the country’s natural gas consumption in 2017. On the continent level, North American gas utilities are targeting 5-15% renewables by volume compared to less than 1% today. Amassing an impressive portfolio of projects and partners, EverGen is establishing itself as a name brand in the RNG industry. The British Columbia-based company acquires, develops, owns, and operates RNG projects using a platform approach to reliably build sustainable infrastructure to supply the North American gas grid with clean energy from organic waste. In the high-merging business, EverGen’s near-term pipeline has the potential to generate over $30 million in annual adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization). EverGen began building its footprint with projects in its home province before moving east to where it now has operations in B.C., Alberta, and Ontario. The company currently has, owns and operates 4 RNG and/or organic processing facilities: Net Zero Waste Abbottsford (B.C), Fraser Valley Biogas (B.C), Sea to Sky Soils (B.C.), and 67% ownership in GrowTEC (Alberta). EverGen also has a 50% stake in Project Radius, a large, 3-phase RNG project in Ontario. RNG produced at Net Zero Waste Abbottsford, Fraser Valley Biogas, and GrowTEC is bought by FortisBC via long-term (10-20 years) offtake agreements. In September, FortisBC agreed to purchase up to 190,000 gigajoules annually of RNG from Fraser Valley Biogas, meaning they’ll take what is produced currently, as well as securing future production as the project is currently being expanded. At GrowTEC, RNG expansion is now 80 percent complete. To maintain its aggressive growth strategy, EverGen recently signed a term sheet for $31 million Senior Term Loan with its existing lender, a subsidiary of Scotiabank. Ultimately being a nice backstop to the $12.8 million in cash on hand at the end of the third quarter, inclusive of $3.5 million already earmarked for expansion projects. By 2024, it is expected that the core group of projects can be producing 2 million gigajoules annually. At $25-$30 per gigajoule, that translates to $50-$60 million in revenue for EverGen. 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

HeartBeam Inc. (NASDAQ: BEAT) CEO Featured Guest on Big Biz Show, Talks ‘Breakthrough’ Heart-Attack Detection Technology

  • BEAT has developed technology that collects data to synthesize a 12-lead 3D vector electrocardiogram (“VECG”)
  • The device provides physicians with a 12-lead ECG associated with chest pain compared to a baseline ECG for the patient
  • This key data enables physicians to assess whether symptoms may be the result of a heart attack

HeartBeam’s (NASDAQ: BEAT) small, portable, easy-to-use heart-attack detection solution was the focus of a recent Big Biz Show episode; the Big Biz Show features fast-talking, hard-hitting discussions on business and finance. During the interview, Big Biz Show host Bob “Sully” Sullivan chatted with HeartBeam founder and CEO Branislav Vajdic, PhD, about the company’s groundbreaking new device, the HeartBeam AIMIGo(TM) 12-lead 3D vector electrocardiogram recording device that is designed to detect heart attacks anytime, anywhere (https://ibn.fm/9rJre).

“Most people know how a 12-lead machine looks,” Vajdic said during the interview. “It’s on a cart with all these wires running around the body. We have developed a 3D-based vector card technology that enables this device to collect enough data to synthesize a 12-lead VECG and provide that to the physician. Every time a patient feels symptoms, they pull this device out of their wallet, press it against their chest, and declare how they feel on the app, and that goes to our cloud, where processing is happening.

Vajdic indicated that the device, which will be prescribed by healthcare providers, will enable physicians to assess whether symptoms may be the result of a heart attack. Contrary to the widely held view of a patient dropping to the floor with a heart attack, most heart attacks manifest themselves as chest pain, which can be of various intensities. Chest pain, explained Vajdic, can be a sign of an occluded artery.

“That means the heart is deprived of oxygen and the cardiac muscle is dying,” he said. “Yet not many people realize that. An average person waits over three hours before they act on chest pain.” After three hours, the “mortality rate goes up by about 40%, so many lives are lost because of that delay. The sooner you intervene, the more cardiac muscle you save.”

On the flip side, he noted, many people head to the ER at any sign of indigestion. About 82% of those visits end up being unnecessary, costing the system more than $10 billion. The lost lives and wasted dollars are what HeartBeam is hoping to eliminate with its HeartBeam AIMI(TM) technology.

The technology is unlike anything else currently available, stated Vajdic, who also called the device a “breakthrough” and noted that it offers personalized data. “Every heart is different,” he explained. “Our diagnostic engine uses your normal state to compare it to your chest pain or perhaps heart attack.”

Both these patented products —HeartBeam AIMI and HeartBeam AIMIGo — are in development. The company noted that it is also committed to continue advancing the full potential of cutting-edge, 12-lead 3D VECG technology. That commitment is demonstrated by recently issued and allowed patents that appear to have the potential for significant market impacts. HeartBeam AIMI and HeartBeam AIMIGo have not yet been cleared by the US Food and Drug Administration for marketing in the USA or other geographies.

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

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

Jupiter Wellness Inc. (NASDAQ: JUPW) Issues Letter to Shareholders with Update on Key Corporate Milestones, Product Progress

  • Jupiter Wellness has announced that the “FDA of India” has approved its topical treatment for psoriasis and vitiligo, with a market launch to follow
  • The global vitiligo treatment market was valued at $1.2 billion in 2018 and is expected to grow at a CAGR of 5.8%, resulting in a value of approximately $2 billion by 2026
  • JW-500, a topical treatment for female sexual wellness, is currently in development with plans to file for pre-IND and Orphan Drug Designation within the next year
Jupiter Wellness (NASDAQ: JUPW), a diversified company that supports health and wellness by researching and developing over-the-counter (“OTC”) products and intellectual property, recently issued a Letter to Shareholders to provide key corporate updates since the company’s last report on September 15, 2022 (https://ibn.fm/0jcD8). In addition to updates to its clinical trial pipeline, entering the potentially lucrative market of Female Sexual Wellness, and obtaining or adding to its intellectual property portfolio, Jupiter Wellness announced that India’s equivalent of the FDA has approved its topical treatment for psoriasis and vitiligo, with a market launch within the country. The company also provided a quick summary of recent highlights and an overview of products with current dispositions. Of the five products currently in development, Jupiter Wellness is developing JW-500, a topical treatment for female sexual wellness. The company has signed an exclusive license with Rejoy, Inc. to develop prescription products for the treatment of nipple neuropathies and associated sexual problems in women that have been treated for breast cancer. This exclusive license includes issued patents and technology, including all formulations. The company plans to file for a pre-IND meeting with the United States Food and Drug Administration (“FDA”) within the next 12 months and intends to seek Orphan Drug Designation (“ODD”). The chemotherapy-induced peripheral neuropathy treatment market was valued at $1.6 billion in 2020 and is expected to register growth at a CAGR of 5.7%, resulting in a value of approximately $2.4 billion by 2027. The growing prevalence of cancer diagnosis and the increase in cases involving chemotherapy-induced peripheral neuropathy are expected to drive the market during the forecast period. The advancement of technology advances and the rising demand for cost-efficient therapeutics are also expected to play a significant role in the market’s growth over time (https://ibn.fm/3OYf9). The company has three products currently on the market:
  • Minoxidil Booster(TM) – a topical treatment designed to improve Minoxidil efficacy
  • Photocil(TM) – a topical treatment for psoriasis and vitiligo
  • NoStingz(TM) – a topical protection from jellyfish, sea lice, and UVA/UVB rays
The Indian Central Drugs Standard Control Organisation (“CDSCO”), under the Directorate General of Health Services, Ministry of Health & Family Welfare, is the National Regulatory Authority (“NRA”) and it has approved Photocil(TM) (branded as PhotoFirst in India) for sale in India. Marketing meetings for the India product launch were discussed between Eris Oaknet Healthcare Pvt. Ltd. and Cosmofix Technovation Pvt. Ltd. Jupiter Wellness is leveraging the growing market, where approximately five in every thousand individuals suffer from vitiligo, a condition defined by loss of pigmentation in the skin (https://ibn.fm/Y6kk8). The global vitiligo treatment market was valued at $1.2 billion in 2018 and is expected to grow at a CAGR of 5.8%, resulting in a value of approximately $2 billion by 2026. Growth in the market is expected to be facilitated by the increased demand for new and innovative treatment options for managing vitiligo (https://ibn.fm/zr2vu). Jupiter Wellness is producing a product pipeline, backed by clinical research to ensure efficacy, which addresses a range of underserved conditions. The revenue generated and reported by the company in the Letter to Shareholders is achieved through a combination of over-the-counter and consumer product sales, contract research agreements, and licensing royalties. For more information, visit the company’s website at www.JupiterWellness.com. NOTE TO INVESTORS: The latest news and updates relating to JUPW are available in the company’s newsroom at https://ibn.fm/JUPW

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Nears Completion of Maiden Exploration Works; Executive VP, Bill Pearson Expresses Optimism During Recent BTV Interview

  • Eloro Resources’ Executive VP of Exploration, Bill Pearson was recently featured on BTV
  • During the interview, Pearson revealed his optimism surrounding the company’s ongoing exploratory works within Bolivia’s Iska Iska project
  • Eloro Resources have now drilled over 70,000 meters cumulatively across 102 holes whilst employing five drills
  • The company is now working towards publishing its maiden mineral resource estimation report alongside its NI 43-101
Two years ago, Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, was taking its initial steps towards realizing its maiden drilling campaign within in its Iska Iska project located in southern Bolivia. Today, the company believes that they may have, quite literally, hit pay dirt. Eloro Resources Executive VP of Exploration, Bill Pearson was recently the subject of a wide-ranging interview on Business TV (“BTV”); during the question and answer session, Pearson expressed his optimism on the company’s prospects following its recent exploratory work whilst simultaneously suggesting that the possibility that Eloro could potentially uncover a world class, multi-million ounce deposit of silver and tin within the Iska Iska project may not be far off from the realm of possibility (https://ibn.fm/FP5ua). Over the past two years, Eloro Resources have drilled upwards of 102 holes and over 70,000 cumulative meters across a tract of land measuring eight square kilometres; remarkably according to Pearson, with every single drill hole boasting multiple intersections, the company had yet to come up dry on any of its initial probes. Eloro will now look to formulate its maiden resource estimate, with the upcoming publication of its initial NI 43-101 report providing the market with further scientific and technical information about the economic viability of its project (https://ibn.fm/FtH9r). “There’s going to be a lot of good news coming out through the fall and culminating in the MRE (mineral resource estimation)”, Pearson stated. The commercial usage of tin and silver have skyrocketed in recent years, with both metals playing essential roles within the ongoing global effort towards decarbonisation. Whilst silver has long been prized for over 5,000 years as a store of value, the precious metal today arguably holds even more value in its scientific applications. As a result of silver’s superior thermal conductivity, a paste containing silver has rapidly transformed into a critical component within the construction of both, solar photovoltaic cells and crystalline silicon photovoltaic cells, alike. With the average solar panel making use of approximately 20 grams of silver, solar panels now account for over 8% of annual silver demand – a figure which is set to grow at over 9% per annum for the foreseeable future (https://ibn.fm/BC24M). Elsewhere, tin has rapidly emerged as a crucial cog within the process of soldering electronics such as semiconductors, solar panels and batteries. The continued rollout of 5G telecom networks and development of the Internet of Things (“IoT”) along with the consequent increase in demand for tin soldering in new telecom equipment are expected to drive further spikes in the base metal’s price, with soldering alone expected to account for 49% of the metal’s end-demand in the near term. “There is no electrical device on the plant that functions without tin, so our expectation is that tin usage will skyrocket”, explained Pearson. “[Meanwhile] silver is essential for the production of solar panels. The rate of solar panels production is skyrocketing, so that rate of usage is going to go up, and up”, he elaborated. With critical mineral demand on the upswing and the company on the verge of a major discovery, management anticipate that Eloro are on the cusp of something big. “There is a lot of upside in this story as we move forward with our intial MRE, and ultimately that will lead to looking at possible developments down the road. There will be a major mine in Iska Iska one day and it probably won’t be in such a distant future,” Pearson concluded. For more information, visit the company’s website at www.EloroResources.com. NOTE TO INVESTORS: The latest news and updates relating to ELRRF are available in the company’s newsroom at https://ibn.fm/ELRRF

Cyber Attacks on School Networks Showcase Ongoing Need for Affordable Cybersecurity, Such as Virtual CISO Solution Offered by SideChannel Inc. (SDCH)

  • Small to medium-sized businesses (“SMBs”) face potentially prohibitive costs when it comes to hiring full-time cybersecurity experts
  • Despite the costs concern, the need is growing, as malicious computer experts often turn to SMBs and organizations as easy prey because of the smaller companies’ lack of experience, budget, and infrastructure necessary to ward off computer network invasions
  • A San Diego school district recently reported its employees’ personal data was compromised in a cyberattack, and a Los Angeles school district reported it received a ransom demand after its computer files were seized in September and then published on the dark web
  • SideChannel Inc. is helping SMBs to bridge the cybersecurity cost divide by offering virtual chief information security officers (“vCISOs”) as a contracted service that is more affordable than an in-house employee
When the San Diego Unified School District acknowledged recently that the personal information of many current and former employees was taken by unknown actors in a cybersecurity incident, it established that potentially malicious individuals have turned to public school systems in the latest reports of computer breaches. NBC affiliate KNSD reported that prior to the incident in San Diego, a number of cybersecurity incidents involving schools and health care systems had been reported in California, including an attack on The Los Angeles Unified School District in September that locked up the district’s files and demanded a ransom payment, before thousands of files were stolen and then leaked on the dark web (https://nnw.fm/bcLpp). (https://ibn.fm/C0lZa). Businesses and public entities may represent a wide variety of organizational sizes and purposes, but they all share the common need for technological security against invasive threats from across the Internet. A report by cybersecurity student Matthew McKenzie on Tripwire, Inc.’s web forum indicates that small to medium-sized businesses have become malicious computer experts’ ideal targets because the SMBs tend to lack the experience, budget and infrastructure necessary to ward off computer network invasions. Small businesses with less than 100 employees will experience 350 percent more social engineering attacks than larger enterprises, and 60 percent of small companies go out of business within six months of falling victim to a data breach or cyber-attack, the report states (https://nnw.fm/FoqBx). (https://ibn.fm/SwtK5). Virtual chief information security officer experts at SideChannel (OTCQB: SDCH) are dedicated to matching vCISOs with SMBs to help even the playing field in terms of Internet security in the broader marketplace. “Small and mid-market companies are incredibly challenged by a lack of cost-effective means to comfortably and securely handle network management,” SideChannel Executive Vice President David Chasteen stated in September when the company rolled out its Enclave microsegmentation software platform as a solution for SMB cybersecurity needs (https://nnw.fm/GOpaf). (https://ibn.fm/EqZMw). “These companies want to focus on their business and their customers; not worry about who is accessing what server, or if the encryption installed is sufficient. We built Enclave to provide these companies an affordable and effective segmentation solution that significantly reduces the amount of effort required, through a simple and intuitive interface.” In-house CISOs currently earn an average salary of $200,000 annually in the United States, according to a Security Boulevard report on how virtual CISOs are changing cybersecurity availability for SMBs. “Hiring a full-time security expert can be expensive and also create inflexibility. The hiring company is wedded to its security expert, in essence. Locating a new person is time-consuming and expensive. Thus, the cost of hiring the wrong CISO can be prohibitive,” the report states (https://nnw.fm/hutQp). (https://ibn.fm/s4H5N). “The virtual CISO model is helping small companies overcome this hurdle. Small businesses can hire and evaluate vCISOs in a real-world environment before deciding to commit to their services over the long term. The contractual nature of the position makes it easy for firms to replace talent, should they be inadequate.” 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://nnw.fm/SDCH https://ibn.fm/SDCH

Cannabis Products Continue to Flourish, Showcasing Potential of Cultivator Flora Growth Corp.’s (NASDAQ: FLGC) Growing International House of Brands

  • Cannabis grower and brand builder Flora Growth is a rapidly growing international supplier and supply chain developer aiming to distinguish itself in a highly competitive market
  • Following on a 604 percent YOY revenue increase for the first half of the year, Flora continues pursuing strategic acquisitions such as its recent all-stock deal for multi-national operator Franchise Global Health
  • Flora also anticipates expanding its production facilities, adding a fourth by the end of this year that will provide the company with its first pharmaceutical formula operation for the Colombian wellness market
  • The Franchise Global Health agreement is expected to give Flora a strong presence in Germany and an introduction to Europe, adding to its export pipeline to Switzerland, the Czech Republic and the United States from Colombia
Legal cannabis has become the the sixth-largest cash crop in the United States after corn, soybeans, hay, wheat and cotton (https://ibn.fm/64tSI), and voters continue to address the potentials of an expanding market for recreational marijuana (https://ibn.fm/1Z86I). Non-recreational medicinal cannabis has been legalized in 37 states and continues to fuel a multi-billion dollar industry (https://ibn.fm/E1Qcb), which is only a portion of the global market that supplies the 80 percent of the world’s population using cannabis or hemp for medical treatments. For now, international annual growth rates are more robust than the projected growth rates in the United States, according to Kiplinger (https://ibn.fm/Pwe9t). Cannabis cultivator and global distributor Flora Growth (NASDAQ: FLGC) is a rapidly growing house of brands building customer bases and distribution channels across international lines as it aims to distinguish itself within a highly competitive arena. Much of Flora Growth’s strength lies in its licensed cultivation, extraction, and isolation facility located in northern Colombia’s fertile climate, where an experienced labor force is helping the nation emerge from decades of drug war illicit trade into a recognized and regulated market. From its 247 acres of growing fields, the company’s harvests move into a production pipeline that includes a flower and derivatives production lab situated with the cultivation camp, as well as a topical, capsules and dietary supplements lab in Colombia’s capital and a third lab in the United States, where CBD ingestible, tinctures and gummies are made. A fourth state-of-the-art lab being built in Colombia’s capital is being designed to formulate custom and proprietary pharmaceuticals that will be sold and used in Colombia. The life sciences lab is expected to open by the end of this year with eight registered pharmaceutical grade formulas that target specific ailments such as insomnia, epilepsy, and anxiety (https://ibn.fm/kUqZO). “At Flora, we believe that cannabis will dramatically improve the wellbeing of consumers around the globe and that it will become an international trade. Our company exists today to capitalize on that opportunity,” CEO Luis Merchan stated last month in an interview about its most recent acquisition to help fuel its global ambitions — an all-stock deal for multi-national operator Franchise Global Health (https://ibn.fm/JgfT3). The Franchise Global Health (“FGH”) acquisition is expected to give Flora an in-road to Europe through Germany, where FGH helped pioneer the European cannabis market and where 75 to 80 percent of European sales take place. FGH’s German businesses operate primarily in the export pharmaceutical and medical cannabis import and distribution markets, servicing 1,200 pharmacies in Germany, according to a company news release (https://ibn.fm/UBGQA). Notably, while Flora’s operation provides THC and CBD flower and derivatives to international markets, the company only produces CBD products within the United States because its NASDAQ listing prevents it from participating in the THC (traditional tetrahydrocannabinol cannabis) market domestically. For more information, visit the company’s website at www.FloraGrowth.com. NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://ibn.fm/FLGC

Policymaker Optimism for Real Estate Lending Trends Portends Blue Sky Opportunity for Mortgage Loan Facilitator REZYFi, Inc.

  • Real estate market watchers have been encouraged by recent trends in inflationary policy and lending policy analysis
  • The mid-December Consumer Price Index report and the subsequent Federal Reserve funds rate decision fell in line with expectations that inflation may have passed its peak and is beginning to decline
  • Real estate lenders expect mortgage rates to trend lower as a result of the policy news
  • Miami-based REZYFi Inc., a mortgage lender working with traditional loans and non-traditional market sectors such as the cannabis industry, has been preparing to meet a very fast-growing residential mortgage origination opportunity
  • REZYFi is working toward an IPO, having built a network of independent brokers and proprietary technology to service home owners and corporate clients with proprietary automated/machine learning technology
Housing market watchers are celebrating the Federal Reserve’s announcement Dec. 14 that it was going to raise the federal funds rate for the seventh time this year to curb inflation, recognizing that the announcement was in line with predictions that cooling inflation trends could lead to the start of a trend by policymakers to lower the amount of rate increases and thereby begin lowering mortgage rates. After several 75 base points increases this year, December’s 50 base points decision and the companion reports of inflation-limiting successes in the Consumer Price Index (“CPI”) (https://ibn.fm/Wd4Ma) have led investors to speculate that central bank policymakers would pursue a less aggressive policy path in 2023. As a result, the Mortgage Bankers Association (“MBA”) is predicting that 30-year fixed mortgage rates expected to end this year at 6.7 percent will drop to 5.2 percent next year, according to a HousingWire report (https://ibn.fm/8fur7). Overall mortgage application volume rose 3.2 percent during the week before the coupling of the CPI report and the Fed’s rate announcement, with applications to buy a new home rising 4 percent, and the potential for a positive rate trend is driving hopes that further housing market gains will take place next year. “The ongoing moderation in home-price growth, along with further declines in mortgage rates, may encourage more buyers to return to the market in the coming months,” Joel Kan, an MBA economist, stated (https://ibn.fm/zVq9r). Similar reports of potentially passing peak inflation in Europe cautiously bolster the market expectations on a global level (https://ibn.fm/sh6PS). Real estate-oriented mortgage loan origination company REZYFi has spent the past five years building its strategy to meet a very fast-growing residential mortgage origination opportunity, further encouraged by the early pandemic home sales boom and the now-developing optimism for future market improvements. REZYFi has developed an extensive network of independent mortgage-related brokers and licensed loan officers while investing heavily in proprietary automated/machine learning technology to shorten loan processing timeframes and reduce inefficiencies related to loan processing, underwriting and servicing. The company also is focusing on non-traditional lending markets such as licensed and permitted cannabis companies, as well as owners of real estate who lease to cannabis companies. REZYFi is building toward a planned public IPO launch for its operation, and with its 100 percent-owned subsidiaries REZYFi Lending and ResMac Inc. has established licensing in 36 states with plans to expand across the entire United States. 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

Data443 Risk Mitigation Inc. (ATDS) Lands $350,000 Add-On Contract, Closing 2022 on a High Note

  • With high-profile hacks abounding in 2022, Gartner forecasts that by 2025, 80% of enterprises will have adopted a strategy to unify web, cloud services, and private application access from a single vendor’s SSE platform
  • Data443 Risk Mitigation offers a comprehensive and diverse software-as-a-service portfolio for data protection that is trusted by some of the world’s biggest companies
  • During the first nine months of 2022, Data443 reported $2.3 million in revenue and $2.7 million in deferred revenue as it transitions customers from a one-time payment model into a recurring revenue model
As 2022 winds down, another year of lessons about data protection is in the books, alongside a year’s worth of notable breaches that made cybercriminals rich while costing economies and businesses billions of dollars. Teenage hacker group Lapsus bursts on the scene, hacking some of the world’s biggest companies, including Microsoft and Samsung. Vice Society hacked the U.S.’s second-biggest school district. Crypto video game company Axie Infinity was pillaged by cybercriminals to the tune of $620 million. Even hackers weren’t safe. Nefarious ransomware group Conti was penetrated by Ukrainian “hacktivists” that released internal content showing how they conduct their criminal enterprise. 2023 will likely be distinguished by a growing number of approaches using consolidated cybersecurity architecture and multi-layer approaches to protect against criminals who are notoriously adept at prying their way through any weakness, like a sentinel in the Matrix. Through strategic acquisitions, Data443 Risk Mitigation (OTC: ATDS) is uniquely positioned to benefit from increased demand for data protection with its portfolio of software solutions, allowing a unified approach to data governance and security. Data443, whose ATDS stock ticker is an acronym for “All Things Data Security(TM),” recently published an Investor Presentation with the SEC, illustrating their efforts to provide software and services to enable secure data across devices and databases, at rest and in transit, locally, on a network, or in the cloud. With over 10,000 customers in over 100 countries, Data443 provides a modern approach to data governance and security by identifying and protecting all sensitive data regardless of location, platform, or format. The Research Triangle Park, North Carolina-based company’s framework helps customers prioritize risk, identify security gaps, and implement effective data protection and privacy management strategies. Data443 can trumpet an expansive list of opportunities for businesses to connect with their security solutions. The possible connectors range from Act CRM to Zuora and include popular platforms, such as Slack, SharePoint, WordPress, PayPal, Microsoft, Google, Amazon, eBay, and hundreds more. In all cases, Data443 solutions are designed for the same purpose: protecting all IT attack surfaces to minimize ransomware threats, data hijacking, and system hacking. In its recent Gartner(R) report, “Predicts 2022: Consolidated Security Platforms Are the Future,” the research firm makes several key findings in the fast-changing threat landscape, including expectations that companies will invest in integrated security approaches. More precisely, Gartner forecasts that by 2025, 8 out of 10 enterprises will have adopted a strategy to unify web, cloud services, and private application access from a single vendor’s SSE (security service edge) platform. That plays right into Data443’s wheelhouse as a provider of à la carte options. The comprehensive offerings can do everything from locating data anywhere, moving it to where it should be to protect it, securely archiving it for a specified time, or even compliantly and permanently destroying it as requested. The diverse offerings appeal to an array of customers for different reasons, such as global fintech (secure data protection, transport, distribution); mid-market (archiving, ransomware protection, content viewing, and distribution); and small-to-medium businesses (plugins and website apps, freemium and badges, privacy compliance). To the SMB point, Data443 has created awareness for its products through a “freemium” marketing strategy that provides plugins to over 200,000 WordPress users. Elsewhere, its Data443® Antivirus Protection Manager earned the prestigious VB100 Certification from Virus Bulletin earlier this year. Employing a growth-by-acquisition strategy along with its organic ways, Data443 in January completed the acquisition of certain assets from Centurion Technologies, namely its ransomware protection and device recovery technologies, along with ancillary assets. The purchase brought Data443(R) the leading technical component to comply with newly established requirements from the Cybersecurity & Infrastructure Security Agency (“CISA”), as mandated by the Biden Administration. The acquisition provides substantial cross-sell opportunities considering Centurion’s products are used worldwide with over three million licenses deployed. For obvious security reasons, Data443 doesn’t disclose the names of most of its clients, but it is clear that some major players trust Data443. Examples from this year include a five-and-a-half-year contract with a “Fortune 500 Fintech Member,” a multi-year contract with a “leading financial services organization in Puerto Rico,” a multi-year contract with a “major US energy provider with over 30,000 employees,” and, only a few weeks ago, a $350,000 contract addition to an existing agreement with “a leading global investment bank headquartered in New York City with over $2 trillion in assets.” The contract relates to additional licensing for the Data443 Data Placement Manager(TM) product, an HPE NonStop server-based application for secure managed file transfer that enables customers to schedule, route, format, and securely transfer business-critical data over both public and private networks. This client has been using Data443 for years, relying upon its data transfer technology to send and receive tens of thousands of files daily, which are the core of the intra-banking relationship for most banks worldwide. In its quarterly update in November, Data443 said that it had retained 99% of its clients this year. Revenue for the year through Q3 was $2.28 million, down some from the previous year as customers took advantage of multi-year contract incentives in 2021, while Data443 transitioned from a one-time payment model to annual maintenance and subscription models. Deferred revenues through September stood at $2.65 million, up more than $1.0 million from the same period in 2021. Observed, “Our results for the third quarter came in largely as expected, and we continue to see high revenue customer retention amidst extremely challenging economic conditions. We continue to focus on realigning our current customer relationships to a subscription and monthly recurring revenue model. While this has affected straight-line revenue growth year-over-year, our increased and growing deferred revenues, diverse revenue base, and increased analyst attention demonstrate our business’s strong momentum.” “Looking ahead, we anticipate ending 2022 on a high note as we continue to work and deliver on renewals and net new opportunities with customers,” said Data443 CEO & Founder Jason Remillard in a statement on the company’s progress this year. “We continue to expand the adoption of our product sets in some of the world’s largest organizations, supporting business-critical data in flight and at rest, in the cloud or on-premises. I am confident that Data443 is well positioned to make the most of the substantial market opportunity before us, continuing our mission: To organize the world’s information by identifying and protecting all sensitive data regardless of location, platform, or format,” he concluded. For more information, visit the company’s website at www.Data443.com. NOTE TO INVESTORS: The latest news and updates relating to ATDS are available in the company’s newsroom at https://ibn.fm/ATDS

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Disseminated on behalf of  SPARC AI Inc. (CSE: SPAI) (OTCQB: SPAIF) and may include paid advertising. The next wave of autonomous technology is being defined by systems that can think, navigate and interpret the world without relying on traditional signals or bulky hardware. As drones, robots and mobile devices increasingly operate in complex or contested […]

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