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Odyssey Health, Inc. (ODYY) Reports Added Evidence of Proposed Concussion Therapy’s Safety at High Doses

  • Medical product developer Odyssey Health Inc. is dedicated to creating solutions for a variety of life-quality situations, such as early detection of heart disease, saving choking victims and treating nervous system ailments
  • Odyssey Health’s primary focus has been advancing its combined device and drug solution for brain concussion injuries through the clinical test process to commercial fulfillment
  • The therapeutic solution, currently known as PRV-002, is designed to deliver a synthetic neurosteroid to injured brain tissue, where it can reduce swelling and sustain needed blood flow
  • The company’s human testing has demonstrated safety with “no serious adverse events,” and Odyssey is preparing Phase II testing in cooperation with military service personnel to better establish the drug’s effectiveness
Odyssey Health (OTC: ODYY) is a U.S. company dedicated to developing medical solutions to select conditions that affect people’s quality of life. Odyssey has been making headway on preparing a number of products for commercial marketability, such as a device to remove a throat obstruction in a choking person, new technology for the early detection for heart disease, and a potential solution for the neuro-degenerative Niemann-Pick disease. The company’s most developed product to date is a solution for treating brain concussions at their earliest stage — a drug-device combination technology that stands to benefit a wide segment of society, from athletes in school and professional settings to elderly fall victims. The military is also taking an interest in Odyssey’s product given the propensity for mild brain injury (“mTBI”) among its service personnel. The technology, PRV-002, is undergoing Phase I testing to establish its safety in human patients following preliminary trials using lab animals, and on Sept. 13 Odyssey announced the successful completion of safety measures for the second cohort of their Phase I Multi-Day Ascending Dosing (“MAD”) clinical trial. “At double the dose of the previous cohort we saw no serious adverse events. As we come close to completing the Phase I trial, I am very pleased with the safety profile of our concussion pharmaceutical treatment, PRV-002,” Odyssey Health CEO Michael Redmond stated in the announcement (https://ibn.fm/1njEi). “I’m equally pleased that the intranasal drug/device combination has functioned nicely and has been easy to operate in the clinical setting.” PRV-002 uses an applicator to administer a synthetic neurosteroid into the nasal cavity, where the neurosteroid drug can be taken up into the brain through mucosal tissues. While brain injuries and illnesses are typically difficult to treat because of the body’s protective brain-blood barrier, PRV-002’s lipophilic quality helps it cross the barrier that bars entry to other drugs’ molecules. Within the central nervous system, the drug is able to directly and rapidly target swelling and oxidative stress resulting from concussive injuries in order to sustain optimal blood flow to the brain. Concussions can have significant consequences in a patient’s cognitive function and emotional stability, but they remain an “unmet medical need” because of the lack of an immediately responsive pharmaceutical. Patients are generally just advised to rest and take pain relievers. Sixteen healthy individuals have participated in Odyssey’s Phase I trial — eight in the low-dose cohort and the remainder in the follow up high-dose cohort. The company is now selecting clinical sites and developing the Investigator’s Brochure for the Phase II trial, expected to not only establish PRV-002’s safety but also that it is demonstrably effective in treating concussed patients. Military service member volunteers are expected to participate in the next stage of the testing. “We are actively identifying and assisting with Phase II military trial site setup,” Major General (Ret.) Jim Linder, the former chief of staff for the U.S. Special Operations Command, stated in a July 12 news release about the program (https://ibn.fm/DczCh). “We need a treatment to prevent the long-term consequences of concussion as far too many of our Service Members are retiring with TBI disorders that lessen their quality of life.” For more information, visit the company’s website at www.OdysseyHealthInc.com. NOTE TO INVESTORS: The latest news and updates relating to ODYY are available in the company’s newsroom at https://ibn.fm/ODYY

Correlate Infrastructure Partners Inc. (CIPI) Anticipates Significant Growth in Coming Months as Consumers Realize Benefits of Increased Energy Efficiency

  • Louisiana-based energy-use solutions provider Correlate Infrastructure Partners Inc. is helping clients to improve their utilities consumption profile through the application of data-driven analysis, recommended alternatives, funding solutions and system management
  • Energy consumption alternatives are becoming increasingly important as a growing cycle of extreme weather events taxes state power grids and puts power users in jeopardy
  • Correlate anticipates an ambitious period of growth in coming months, including the potential for two or three new acquisitions to strengthen the company’s portfolio and resources
  • One of those first new potential acquisitions, announced Sept. 13, is being realized through an LOI for Aegis Renewable Energy Inc., a company that provides solar project development and EPC services in the Northeastern states
Unusual weather patterns have made news in recent months for their effects on power grids and the trickle-down interruptions troubling grid consumers. One of the most notable was the Texas power crisis of 2021, which occurred during winter storms and left more than 4.5 million homes and businesses without power. The crisis resulted in the deaths of hundreds of people, and shortages of water, food, and heat at a critical time (https://ibn.fm/miOtk). This year, the pendulum swung toward power grid stress caused by a heat wave in California and high demand that “nearly broke the power grid … in California,” although efforts by residents to reduce personal consumption helped the state hold off rolling blackouts to cope (https://ibn.fm/SjWfW). All the same, the California Independent System Operator (“CAISO”), which oversees the state’s power grid, issued “flex alerts” asking Californians to reduce their energy use and avoid using large appliances or charging electric vehicles between the hours of 4 and 9 p.m. in order to sustain the system amid the extreme weather event (https://ibn.fm/TJSxH). Correlate Infrastructure Partners (OTCQB: CIPI), a company focused on reducing climate change through improving the ways commercial buildings use energy, is producing solutions to such events that tax power grids, helping clients analyze their energy consumption and then find ways to more efficiently use their energy, enabling them to reduce the amount they consume as well as to find alternative energy sources that don’t drain state power grids. “We developed a business model that unlocks new rent opportunities by identifying cash flow positive upgrades and then designing and managing those upgrades,” Correlate President and CEO Todd Michaels stated in a recent interview published on the company’s website (https://ibn.fm/hG0hZ). One of those opportunities was revealed Sept. 13 when the company announced an LOI to acquire Vermont-based Aegis Renewable Energy Inc. Aegis’ focus on solar project development and EPC (engineering, procurement, construction) services in the eastern United States would give Correlate a boost into the Northeastern states’ rising renewable energy market. The proposed acquisition is expected to close in Q4. It would also help advancement the company’s development of a Correlate National Center of Excellence, which will key on rapid project design and best-in-class project management processes and systems. For more information, visit the company’s website at www.CorrelateInfra.com, including the following: NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI

The 420 Expo, NJ’s First BYOC Public Event, Sparks High Attendance, Open Conversations & Awesome Vibe

Approximately 17,000 People Came Through the Doors of the Inaugural Event in Edison, NJ The 420 Expo, New Jersey’s first-ever BYOC Consumer Cannabis Convention, was an unmitigated success for the cannabis community, exceeding all expectations. Approximately 17,000 people aged 21+ attended the historic three-day event, from September 16-18, 2022, at the NJ Convention & Expo Center in Edison, NJ. Hosted by the legendary Tommy Chong and presented by Wakit Grinders, the 420 Expo brought together experienced cannabis users, the “canna curious,” and businesses from the cannabis world and beyond in what amounted to one giant celebration. The event also featured significant educational seminars, designed to start breaking down the stigma that is still associated with legalized recreational adult use of marijuana. “While THC products weren’t for sale at the 420 Expo, just the idea that people could legally bring their own cannabis, and use it, at an event that was clearly curated to support the cannabis community meant a lot to attendees,” said J. Handy, co-founder of the 420 Expo. “People were raving about every part of the expo, from meet-and-greets with celebs like Tommy Chong and Rob Van Dam, to amazing vendors, food trucks, great music, and killer afterparties. It was truly a momentous occasion.” In addition to the celebratory atmosphere, educational seminars tackled very real and meaningful issues. The 20+ sessions included topics such as “Cannabis 101,” “Combatting the Social, Racial, & Economic Injustices of Cannabis,” “Medical Marijuana Patient Perspectives,” and “Overcoming Addictions” to opiates and other hard drugs with the help of cannabis. Dan Davis, co-founder of the 420 Expo, said, “It was literally nothing but good vibes. Despite thousands of people, 75+ vendors, tons of live entertainers, etc., there were zero issues. That speaks volumes about the responsible community from all walks of life who are exercising their legal rights with recreational cannabis use, and we hope it debunks many of the misguided perceptions out there.” Next year’s 420 Expo will take place in the same location on September 22-24, 2023, and planning is already underway. To learn more details as they become available, visit 420Expo.com.

GeoSolar Technologies Inc. Stands Ready as Green Architecture Seeks to Flip the Script of American Housing

  • Residential sector is major energy consumer, accounting for more than 20% of US energy consumption; strong push for grid decarbonization coupled with rising energy prices are turning the tide
  • More and more Americans are warming up to idea that their homes could be both energy efficient and comfortable as they seek net-zero homes to control both their carbon footprint and energy bills
  • GeoSolar Technologies is poised to capitalize on this growing market demand with its technology that seeks to revolutionize how homeowners generate and use power
As the climate crisis unfolds, it’s becoming increasingly clear that residential stock may lie at the heart of the greenhouse gas conundrum. Therefore, tackling how people live may be an integral part of any green initiative that aims to succeed toward a greener future. That’s where companies like GeoSolar Technologies (“GST”), a Colorado-based climate technology company, can step in and take up the challenge to bring more sustainable living into American homes. Its SmartGreen™ systems utilize the unlimited power of the sun and earth to heat and cool buildings, charge electric vehicles, and run electric appliances. Predominantly heated and powered by fossil fuels, American homes are notorious for guzzling energy as residential buildings contribute more than 20% to the country’s energy consumption. Often built with poorly insulated walls and thinly glazed windows, each household releases around 70% more carbon dioxide than the average passenger car (https://ibn.fm/iXxgN). Devices for temperature control, combined with home appliances such as washing machines and refrigerators, account for most of that consumption. Although so-called passive construction — or building principles for achieving superior energy efficiency while also allowing for comfortable living — have been known since the energy crisis in the 1970s, American homeowners have been slow to embrace them fully. Due to relatively lower energy costs and a heated political debate over climate change, the nation’s residential home sector failed to adopt the technology that allows these principles on a widespread level. But that seems about to change. Homeowners increasingly seek to ensure that their everyday lifestyle is part of the solution rather than making the climate crisis worse than it already is. In their attempt to contribute to resolving this challenge, they often work to retrofit their existing houses and bring them to “net-zero energy” status — which means an environmentally sustainable house that creates at least as much energy as possible it consumes. One such family is featured in a recent article published by The Washington Post, showing Vanessa Bertelli and Stefano Negri, who lives in Washington DC with their three children. The family decided to claim back control over their own carbon footprint and re-designed their home toward net-zero status – which involves slashing their energy consumption in the first place and then employing solar energy production to offset what they do consume (https://ibn.fm/ytxBa). Proponents claim multiple benefits of such a way of living. These changes not only reduce household carbon footprint but can also lead to a better quality of life, thus achieving a sweet spot that combines convenience, comfort and better health with lower energy costs and smaller overall environmental impact. The air is cleaner, heating, and cooling costs are lower, and the comfort level is easier to maintain. As a result, an increasing number of homeowners is shifting toward renewables and authorities are catching up with the updates to building codes to reduce greenhouse gas emissions and monetary incentives to support their implementation. For example, Bertelli – Negri family’s home city, D.C., boasts a lofty goal, aiming to run its grid on 100% renewable energy by as soon as 2032 in a bid to establish itself as the country’s leader in clean-energy construction. This ambitious green initiative includes requirements for new builds to be net-zero and the Solar for All program, where the city provides no-cost solar panel installation to income-qualified residents. GeoSolar appears well positioned to respond to this rising market demand. The Company’s proprietary SmartGreen™ Home technology aims to transform every aspect of the living experience to be more aligned with the effort toward a greener future. It seeks to harness the sun’s and earth’s never-ending power to electrify homes and empower homeowners and businesses to achieve Net-Zero heat and cool buildings, charge electric vehicles, and run electric appliances. GeoSolar’s solar panels, geothermal heat pumps and advanced CERV 2 air purification systems have been designed to unleash energy efficiency by using the power of the sun and earth to enable building that works for humans and nature alike. 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) Receives Letter of Intent for Up to $100 Million Investment from Strategic Investor; Lidar Technology’s Total Addressable Market Projected to Expand Exponentially

  • Cepton received a letter of intent from Koito for an investment of up to $100 million to help fund Cepton’s next stage of growth as it scales for mass market deployment
  • Lidar technology within urban settings is becoming increasingly ubiquitous across automotive (i.e., assisted driving & autonomous vehicles) and smart infrastructure
  • Since being the recipient of the largest known ADAS contract from an automotive manufacturer within the lidar space, Cepton maintains a major frontrunner
Cepton’s (NASDAQ: CPTN) long-term automotive Tier 1 partner, Koito Manufacturing Co., Ltd. recently revealed that it had provided Cepton with a Letter of Intent representing an investment of up to $100 million to help fund Cepton’s next stage of growth as it seeks to scale its lidar solutions for mass deployment (https://ibn.fm/2nIDH). This investment would bolster Cepton’s balance sheet and allow the company to develop the manufacturing and supply chain capabilities it needs to meet the expected demand from the rapidly expanding lidar market. Lidar technology has become increasingly ubiquitous, particularly within urban settings. For example, Chinese tech giant Baidu recently revealed that its autonomous vehicle-powered ride-hailing service had successfully processed its one millionth ride, a remarkable feat achieved only twenty-four months post the service’s inception (https://ibn.fm/eFcU0). Whilst Baidu’s milestone was remarkable, the foundations of its achievement lay several years in the past when the company opted to equip its autonomous driving vehicle fleet with lidar sensors, thereby enabling its cars to reliably navigate roadways in real time whilst simultaneously detecting objects, vehicles and people that posed a potential collision threat (https://ibn.fm/BIOBj). From powering autonomous vehicles across Beijing to controlling traffic volume in South Africa, lidar technology has proven itself as a robust, versatile 3D perception tool with a plethora of use cases (https://ibn.fm/rYug1). In support of these types of innovations, U.S. Rep. Bob Latta, R-Ohio, introduced the SELF – DRIVE act, a bill aimed at forming a federal regulatory framework designed to spur the development of autonomous vehicles in the U.S. The successful passing of this bill has been heralded by the U.S. Chamber of Commerce as a key step towards furthering the development of self-driving cars and ultimately, lidar technology within the nation (https://ibn.fm/eC8Ek). Outside of the highly publicized and buzzing autonomous vehicle market, smart infrastructure presents a strong use case for lidar sensors. In fact, a recent market study forecasts the total addressable market for lidar technology within smart infrastructure (e.g., crowd analytics, perimeter security, road traffic management, electronic tolling, etc.) to rise from $1.5 billion in 2025 to $14 billion by 2030 (https://ibn.fm/hQUOI). A key use case for lidar has been within traffic intersection management solutions, which carry the capabilities to store data on accidents to help the municipality understand the traffic situation. In addition to providing reports to help build better models of simulated traffic scenarios for the development of AVs (https://ibn.fm/KGPBW). The deployment of lidar technology has enabled city planners to simultaneously gain perspectives on additional road users such as pedestrians, cyclists, and scooters, which has been critical to their ability in developing strategies around resolving traffic flow patterns and safety issues going forward. Cepton lidars has also partnered with surveillance managements, providing anonymized data by eliminating concerns around personal identifiable information as many patrons might object to being monitored (https://ibn.fm/h4vME). Cepton, a Silicon Valley innovator and pioneer within high-performance lidar solutions, has rapidly emerged as a leader amongst its peers – deploying its unique capabilities across a host of different environments, ranging from traffic systems in Cape Town, South Africa to airport terminal monitoring in the U.S. 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

Video Sizzle Reel from Friendable Inc. (FDBL) Highlights 360-Degree Music Artist Platform Offering for Independent Artists Looking to Break Record and Manager Control

  • Friendable has launched a direct search for brand ambassadors that will become the identifiable faces for the Fan Pass Live 360-degree music artist platform offering
  • The Fan Pass Live 360-degree music artist platform provides the support, services, and products necessary for artists to produce, distribute, and market their music independently
  • The company expects a strong year and future as it advances further into its independent music artist offering
Friendable (OTC: FDBL), focused on its 360-degree music artist platform offering, has released an all-inclusive video sizzle reel to highlight the various support services, promotions, and products specifically designed for independent music artists. Promoting its offering – Fan Pass Live, Artist Republik, and FeaturedX – the company’s video sizzle reel is an additional step to help support independent music artists with production, distribution, marketing, and earning revenue for their work. The complete video sizzle reel can be found at https://ibn.fm/AglNi. In addition to the sizzle reel release, the company has engaged in certain negotiations and launched a direct search for brand ambassadors that will become the identifiable faces for the Fan Pass Live 360-degree music artist platform offering. “The company had previously identified artists and opportunities that fit this need for our brands and has made the decision to announce and expand our search to include artists who have expressed interest in joining us as ambassadors, as well others who may not know we are seeking these relationships,” said Robert A. Rositano Jr., CEO of Friendable (https://ibn.fm/nXnNd). “Creating a video reel that showcases our offering was the best way to share everything in our arsenal with the entire artist community.” Friendable’s flagship offering, Fan Pass Live, was released in July 2020 and provided independent artists with the opportunity to present their music on a digital stage format. The company announced the acquisition of Artist Republik and FeaturedX in January 2022 – completing its 360-degree music artist platform offering. Collectively, the Company can now provide independent artists with the means necessary to produce, distribute, and market their music while keeping the revenue they deserve without the binding control of record labels or managers. Artists can now take their music to the next level, utilizing the Company’s expanded portfolio of services, including:
  • Music distribution and management
  • Music production assistance
  • Press release and Instagram promotion
  • Digital storefront activation
  • Artist marketplace for collaborations
  • Merchandise, logo, and promotional design support
  • Virtual concert booking and ticketing mobile streaming service
  • Live streaming support
  • Revenue from fan tips, monthly artist contests, merchandise, and ticket sales
  • Monthly artist contests
  • NFT development and Metaverse performances – coming soon
The most recent contest promoted by the company, Song of the Summer by Artist Republik, received an outpouring of support from the independent artist community. Artists were allowed to submit songs in various genres for a cash prize of $1000 per genre. Although official winners have not been announced, The Nottingham Post has revealed one of the contest’s winners in the pop-genre category and the overall contest – Sharon Watkins. Since the contest, Watkins has reported over 20,000 streams on Spotify (https://ibn.fm/9SAax). Rositano discussed the future of the company and finished the announcement, underlining that it’s been a consistent effort to balance the past with the opportunities of the future, and the Friendable team has always stayed focused and committed to providing real solutions to the artists and the community in general. “We are coming out of an intense period of development, acquisitions, technology upgrades, and general business-related action items that we believe will truly stabilize our growth strategy and ability to hit significant valuation milestones as we head into Q4 and 2023; thank you all for your unwavering support, stay tuned,” he added. Friendable’s plans for the remaining year and into the future are strong, as demonstrated by Rositano’s concluding statement. For more information, visit the company’s websites at www.Friendable.com or www.FanPassLive.com. NOTE TO INVESTORS: The latest news and updates relating to FDBL are available in the company’s newsroom at http://ibn.fm/FDBL

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) Is ‘One to Watch’

  • As of September 7, 2022, the company had a market capitalization of C$235 million
  • In the period ending June 30, 2022, Eloro reported C$14.4 million in cash on hand
  • The company’s stock is covered by analysts from Cantor Fitzgerald and Haywood Securities
  • Eloro has raised more than C$40 million in multiple financing deals
  • Eloro’s strong management and technical team is working diligently to uncover the immense value of the Iska Iska and La Victoria projects, both of which are located in mining-friendly jurisdictions
Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) is a publicly traded exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. The company has an option to acquire a 99% interest in the highly prospective Iska Iska Property, classified as a silver-tin polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department of southern Bolivia. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru, some 50 kilometers south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometers. La Victoria has good infrastructure, with access to road, water and electricity, and is located at an altitude that ranges from 3,150 meters to 4,400 meters above sea level. The company has a strong management and technical team working diligently to uncover the value of both Iska Iska and La Victoria. Eloro is based in Toronto, Canada. Projects Iska Iska – Potosi, Bolivia Iska Iska is associated with a Miocene possibly collapsed/resurgent caldera, emplaced on Ordovician age rocks with major breccia pipes, dacitic domes and hydrothermal breccias. The property is wholly controlled by the title holder, Empresa Minera Villegas S.R.L. It is located 48 kilometers north of Tupiza city, in the Sud Chichas Province of the Department of Potosi. This is an important mineral deposit type in the prolific South Mineral Belt of Bolivia. Eloro commissioned a NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited and is available on Eloro’s website and under its filings on SEDAR. A fully financed drill program is currently underway on the property, situated near world-class deposits including Silver Sand, San Bartolomé, Pulacayo, San Cristobal, San Vicente, Chorolque, Tasna, Choroma and Siete Suyos. Iska Iska is in the southwest part of the Eastern Cordillera, which hosts a number of major polymetallic mines and mineral deposits. Drilling and continuous channel sampling results have demonstrated some very high metal values, especially silver and tin, within an immense system, where mineralization has been encountered in every drill hole to date. The company believes there is excellent potential for world-class bulk mineable deposits. La Victoria – Ancash, Peru The La Victoria project, targeting gold and silver production, is situated near world-class, low-cost gold producers Pan American Silver and Barrick Gold Corporation. Located in Ancash Department, La Victoria sits on the western slopes of the Peruvian Andes. The property is located 12 hours from Lima, with a travel distance of 600 kilometers. The nearest road accessible population centers from La Victoria are Huandoval, Pallasca and Cabana. The project includes four principal mineralized zones in Peru’s prolific North-Central Mineral Belt – San Markito, Victoria, Victoria South and Ccori Orcco – with excellent potential for gold discovery. Operations at La Victoria are planned to proceed with a 2,000-meter diamond drilling program to test targets to outline potential resources at San Markito. Trenching and sampling confirmed high silver values and veins at San Markito in 2020. Market Outlook According to industry association The Silver Institute, the outlook for silver demand is exceptionally promising, with global demand forecast to rise to a record high of 1.112 billion ounces in 2022. The increase will be driven by record silver industrial fabrication, which is forecast to improve by 5%, as silver’s use expands primarily in solar energy and electric vehicle (“EV”) manufacturing. The institute states that government commitments to carbon neutrality have resulted in a rapid expansion of green energy projects, driving record photovoltaic panel installations which are expected to lift silver demand in this segment to an all-time high in 2022. Rising demand in the electronics industry is also boosting the demand for tin, which is primarily used in solder. The electronics and electrical industries use solders containing 40-70% tin, which provide strong and reliable joints under a variety of environmental conditions. At present, the majority of the assemblers are using patented tin-and-copper-based solders. Mordor Intelligence estimated tin demand at 387 kilotons in 2021 and forecasts demand growth of 2.5% annually through 2027. Over the medium term, surging demand from the EV market and increasing applications in the electrical and electronics industry is expected to drive the market. Management Team Thomas G. Larsen is CEO of Eloro. He has more than 40 years of experience in the investment industry, specializing in corporate finance and management of junior resource companies, raising in excess of C$200 million. He previously held the position of President and Chief Executive Officer of Champion Iron Limited. Prior to that, he was President and Chief Executive Officer of Champion Iron Mines Limited. Dr. Bill Pearson is Executive VP of Exploration for Eloro. He has more than 40 years of direct experience in the exploration and production of minerals worldwide. He played an integral role in the acquisitions of Desert Sun Mining Corp. by Yamana Gold in 2006 and Central Sun Mining by B2 Gold in 2009. He was formerly VP Exploration at Desert Sun Mining and Senior VP at Central Sun Mining. Miles Nagamatsu, CPA, is CFO at Eloro. He has over 30 years of experience in accounting, management, lending, restructurings and turnarounds. Since 1993, he has acted as a CFO of public and private companies primarily in the mineral exploration and investment management sectors. He holds a Bachelor of Commerce degree from McMaster University. Osvaldo Arce Burgoa is General Manager at Eloro. He is a geological and mineral processing engineer with 26 years of experience in Bolivia. He is a former President of the Bolivian Geological Society, Main Technical Advisor of the National Mining Corporation (COMIBOL) and has served as exploration manager and chief geologist at various mining and exploration companies. He has authored two books on Bolivian geology and holds a doctorate in mining engineering from Tohoku University in Sendai, Japan. 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

FuelPositive Corp. (TSX.V: NHHH) (OTCQB: NHHHF) Looking to Complete Validation and Deployment of Green Ammonia Demonstration System in November; Making Inroads into Controlled Environment Agriculture

  • FuelPositive is working on completing the validation of the first demonstration unit of its green ammonia production system in November 2022, following which it will deliver the system to a farm in Manitoba
  • The placement in the Manitoba farm is part of a demonstration project intended to evaluate the operational interface between the system and the customer as well as provide insights on the ease of use of the system and ensure the system performs as expected over time
  • Having completed a portion of the validation that yielded positive results, FuelPositive has begun accepting pre-sale applications from farmers
  • Meanwhile, FuelPositive is making efforts to enter controlled environment agriculture
  • The company has partnered with the Controlled Environment Systems Research Facility at the University of Guelph and Lenore Newman, the Director of the Food and Agriculture Institute at the University of Fraser Valley
Committed to sustainability, reversing climate change and ending global food insecurity, Ontario-based clean energy solutions provider FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) has long been working on releasing its onsite, containerized green ammonia production system to the public. Having set an aggressive timeline for itself toward the end of last year, the company has been inspired partly by Tesla Inc. (NASDAQ: TSLA) ’s successful approach to manufacturing and product development and by the Toyota Production System (“TPS”) (https://ibn.fm/6a3d2). FuelPositive’s product development program has remained largely on course, with build-out and validation of the hydrogen separator and nitrogen extractor, which make up 60% of the system, having been completed ahead of schedule. However, in acknowledging supply chain challenges that have delayed the build-out and validation of the patent-pending ammonia synthesis convertor that makes up the remaining 40%, FuelPositive now expects to finish validating the demonstration unit of the system in November 2022, a slight deferral from its earlier projection of late summer 2022. Even so, this delay comes amid positive news that the early validation of the hydrogen separator and nitrogen extractor yielded results that surpassed expectations, giving FuelPositive the confidence to begin accepting pre-sale applications from farmers at a price of CA$950,000. Pre-sales activities started Aug. 10, 2022 (https://ibn.fm/PqRUj). A few weeks since, the company is already seeing strong interest from farmers around the world and has termed the demand as encouraging. “The level of interest in pre-sales serves as a strong indicator of demand. We are seeing a high level of interest in our onsite model, as we expected, because of the stability it gives farmers over supply, timing and price,” said Derek Boudreau, the Strategic Advisor for Agricultural Implementation at FuelPositive. FuelPositive intends to use the pre-sales metrics to determine the volume of demand, following which it will determine the size of its mass manufacturing facility set to be custom-built on a nine-acre site in Waterloo, Ontario. In addition, the data will help the company come up with its material, labor and order fulfillment plans as well as the production schedule. In the interim, FuelPositive plans to first deliver the demonstration unit to a Manitoba farm this fall as part of a demonstration project that aims to investigate the operational interface between the system and the customer in what is expected to provide insights on the system’s ease of use and ensure the system performs as expected over time (https://ibn.fm/YK1Ed). The unit will be deployed at an 11,000-acre family-operated crop farm in Manitoba operated by Tracy and Curtis Hiebert, FuelPositive’s demonstration project partners and first customers. The choice of the Hieberts and the location is strategic. First, Manitoba is known for its extreme weather that sees it experience heavy spring floods, sweltering summers and frigid winters. The unit’s placement in this region, therefore, will enable FuelPositive to understand its performance in the face of such conditions. Secondly, the unit is expected to be powered by renewable electricity from the green Manitoba grid. FuelPositive’s onsite, containerized green ammonia production system is designed to utilize renewable electricity to generate hydrogen from water via the hydrogen separator and nitrogen from the air through the nitrogen extractor, before combining the molecules in an ammonia synthesis convertor to produce green ammonia. Elsewhere, last month, FuelPositive named Lenore Newman, the Director of the Food and Agriculture Institute at the University of Fraser Valley, as its Global Food Security Advisor. In addition, the company announced entry into a partnership with the Controlled Environment Systems Research Facility at the University of Guelph, a research facility focused on greenhouses and vertical farming (controlled environment agriculture). The two partnerships, FuelPositive CEO and Board Chair Ian Clifford said, are intended to help the company make inroads into the exciting and critical controlled environment agriculture (https://ibn.fm/Enj06). FuelPositive’s systems, a news release containing the announcement reads, “would be able to provide nitrogen fertilizer for the highly controlled environments that are required for indoor plant-based agriculture while eliminating the greenhouse emissions associated with traditionally produced grey nitrogen fertilizers. The green ammonia output of FuelPositive’s system could also be used for fossil fuel replacement, heating and cooling, dehumidification, and even for water purification.” For more information, visit the company’s website at www.FuelPositive.com. NOTE TO INVESTORS: The latest news and updates relating to NHHHF are available in the company’s newsroom at https://ibn.fm/NHHHF

GeoSolar Technologies Inc. Set to Capitalize as ‘Green’ Homes Sell at a Huge Premium to Peers

  • The average ‘green’ home now sells at a premium of over 100% relative to average home prices across a broad selection of U.S. cities
  • Despite annual energy cost savings of $1,587, homeowners often opt to forgo installing residential solar panel systems due to their elevated upfront costs
  • The recently passed Inflation Reduction Act will provide homeowners with a 30% tax credit to assist with the upfront cost of installing renewable energy home systems
  • The lower upfront costs, coupled with lower utility bills and a ‘green’ premium applied to residential home sale prices could lead to added demand for the likes of GeoSolar Technologies
In St. Petersburg, Florida, the average “green” home sold for $734,502 over the past year, a premium of 159% relative to the average home in the city. However, this “green” premium was hardly confined to sunny Florida alone. Environmentally friendly homes across broad swathes of the United States were habitually found to sell for over twice as much as the average property in their home cities, in locations ranging from Virginia Beach and New Orleans all the way through to Chandler, Arizona (https://ibn.fm/2b7a7). In fact, a study carried out by Consumer Affairs found that 70% of American homeowners reported an increase in home value following the installation of solar panels, with three out of four homeowners stating that they would not buy their next home if the property did not boast solar or some type of eco-friendly feature. Nevertheless, current property owners across the United States, more often than not, opt to forgo installing solar panels and other environmentally friendly appliances within their properties, with 22% citing elevated costs as the key rationale underpinning their decision. GeoSolar Technologies (“GST”), a Colorado-based climate technology company, has sought to combat this trend through the introduction of its proprietary SmartGreen(R) Home system – an environmentally friendly, renewable energy focused technology designed to harness energy from the earth and sun to power and purify homes and automobiles without the use of fossil fuels. With 30% of total greenhouse gases originating from households, addressing rising home emissions has rapidly emerged as a key priority within the global climate change agenda. GeoSolar has looked to capitalize on this trend, revealing that the average GeoSolar-powered home could result in a negligible carbon footprint with homeowners disbursing less than $100 per annum in utility bills – a key consideration within an environment of rapidly rising energy costs (www.GeoSolarPlus.com). Nevertheless, initial installation costs remain a daunting obstacle for many current homeowners. Replacing high energy consuming appliances such as refrigerators, dishwashers, washing machines, and televisions with more energy efficient models can run into the thousands of dollars. Meanwhile, the lowest price of a residential heat pump can run close to $2,000, with the price of the typical home solar panel system ranging ever higher, at between $17,000 and $34,000, as per home-improvement digital marketplace, HomeAdvisor (https://ibn.fm/F775s). However, help may be on the way. The U.S. Government passed the Inflation Reduction Act in early August, representing the most ambitious climate-spending package in U.S. history – most critically perhaps, it will look to assist American homeowners with the upfront costs of installing renewable energy home systems, with households improving their energy efficiency poised to reap financial benefits. The package will inject $369 billion into measures to fight climate change, boost energy security and lower electricity costs for consumers. For the most part, the investments will take the form of tax breaks or rebates for qualifying households and businesses. The average household could save about $170 to $220 a year in electricity costs – representing a cumulative $209 to $278 billion over the next decade – due to the bill’s policies according to think tank, Resources for the Future (https://ibn.fm/dzhjW). This is in addition to the average reported savings of $1,587 in annual energy costs, according to customer review company, Consumer Affairs. Adding on to the utility cost savings driven by the bill, the Inflation Reduction Act will also contain a 30% federal tax credit applying to the installation costs of residential solar panels up until 2034 – a measure the White House believes may drive 7.5 million more homeowners to install panels over the period. Overall, residential consumers could qualify for up to $10,000 — or more — in tax breaks and rebates, depending on the scope of their purchases. However, and while homeowners have long sought to add solar panels to their properties in a bid to save on utility bills or to lower their carbon footprints, it is the latest home price data which is likely to play the biggest role in promoting renewable power sources. Previously, studies revealed that homeowners could make a return on the investment on their solar panels in a little over seven years, on average. Nonetheless and with green homes now often selling at a premium of over 100% to the average property in their respective locations, going green may be the easiest way for a property owner to boost their home’s value. GeoSolar Technologies for one, is looking to help them do just that. 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

Flora Growth Corp. (NASDAQ: FLGC) 7x YOY Revenue Growth for H1 2022 Affirms Hyper Growth

  • H1 2022 revenue increased to ~$15.0 million, up 604% from H1 2021 and 117% from H2 2021, driven by House of Brands
  • Gross Profit increased to ~$7.0 million, up 547% compared to H1 2021 and 363% compared to H2 2021
  • Company reaffirms its 2022 revenue guidance to range between $35.0 million – $45.0 million, indicating approximately 300% – 400% projected revenue growth from 2021
In August, Flora (NASDAQ: FLGC) released its financial and operating results for the six months that ended June 30, 2022 (https://ibn.fm/NjsJi). As an internationally focused cannabis company, the organization’s management acknowledged how challenging the current global cannabis environment is. However, it also lauded the team’s ability to deliver on plan and the overall company’s focus on its goals for the current financial year. The release indicated that Flora posted total revenue of $14.9 million for the first half of the 2022 fiscal year (“H1 2022”), 7x year-over-year (“YOY”) growth, and 2x sequential growth. This growth was attributed to Flora’s House of Brands division, which include the acquisitions of Vessel and JustCBD. The performance, according to the company’s Chairman and Chief Executive Officer (“CEO”), Luis Merchan, delivered on the company’s promise to double its revenue compared to H2 2021. “In the first half of 2022, Flora delivered on its promise to double revenue compared to the second half of 2021, and we expect to maintain that trajectory to deliver our full-year guidance as a result of continued growth in our House of Brands, the launch of several new brands in the United States and the commencement of sales in our Commercial Wholesale and Life Sciences business,” noted Mr. Merchan (https://ibn.fm/qHPbA). The company kicked off 2022 with the integration of both Vessel and JustCBD. It also saw the bolstering of its human resources following the appointment of former Director of Cannabis for the Florida Department of Agriculture and Consumer Services, Holly Bell, as the Vice President of Regulatory Affairs. Flora also signed a distribution agreement with Giant OTG Management to offer access to JustCBD products in airports within the United States and strengthened its European presence by opening an office in London. All these investments, and more, have paid off significantly for the company, and its management believes that it has achieved a path to profitability. The company has reaffirmed its 2022 revenue guidance to range between $35 million and $45 million, representing growth of approximately 300% to 400% over 2021. “With all three of our core pillars generating revenue in the second half of 2022, continued gross margin expansion and a focus on streamlining operating expenses- we believe we have a path to profitability that few global cannabis companies can achieve in this difficult environment,” noted Mr. Merchan. “The execution of our key initiatives is a testament to our team’s ability to deliver on plan. We will continue to execute as we focus on profitability and long-term value creation,” he added (https://ibn.fm/qHPbA). Flora H1 2022 revenue increased to ~$15.0 million, up 604% from H1 2021 and 117% from H2 2021, driven by House of Brands. Gross Profit increased to ~$7.0 million, up 547% compared to H1 2021 and 363% compared to H2 2021. The company reaffirms its 2022 revenue guidance to range between $35.0 million – $45.0 million, indicating approximately 300% – 400% projected revenue growth from 2021. Going forward, the company is set to benefit from the addition of strategic management players in its team, such as Elshad Garayev, the new Chief Financial Officer (“CFO”), and Brandon Konigsberg, who serves on the Board of Directors as Chair of the Audit Committee and as a member of the Compensation Committee. Flora has also entered into an agreement with Pharma Indigena Misak Manasr Sas (“Manasr”), the largest indigenous tribe in Colombia, to commercialize and sell cannabis products domestically and internationally in partnership with the Misak people. This will further accentuate the company’s performance, particularly given the favorable regulatory tailwind that the company is experiencing already in Colombia. It will also play an integral role in achieving the projected revenue goals for the current financial year. In addition, a recent Zacks SCR report (https://ibn.fm/IRcHy) lists the following key positives for the company in light of their release:
  • 1H22 augers well for meeting targets
  • benefiting from cost advantages
  • favorable regulatory environment
For more company 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

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Nightfood Holdings Inc. (NGTF) Is Forging the Future of Hospitality with AI-powered Automation Across Industries

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Robotics and automation are no longer futuristic aspirations; they are rapidly reshaping hospitality operations today. Nightfood Holdings (OTCQB: NGTF) is pioneering this transformation with advanced AI-enabled robotic solutions designed to elevate service quality, optimize operational efficiency and enhance guest experience across the hospitality industry. Hospitality has always thrived on prompt, personalized service, but as labor […]

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