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Cub Crafters Inc. Helps Recreational Travelers Take Flight with Classic Piper Cub-inspired Planes

  • Commercial airlines have seen a resurgence of air travel demand this year following two years of COVID restrictions that kept most people close to home, but many airlines found themselves overwhelmed by the crush of travelers and capped ticket availability
  • Yakima, Washington based CubCrafters Inc. designs, builds, and tests unique light aircraft for those who want to fly themselves
  • The company’s array of aircraft are inspired by the classic Piper PA-18 Super Cub and include a variety of the company’s own Cub-derivative, newly manufactured designs
  • The light and ultralight aircraft market is expected to grow by the end of the decade from annual revenues of $7.5 billion to $11.9 billion at a CAGR of 5.9 percent between 2022 and 2030
When the movie “Top Gun” debuted in 1986, scores of Americans felt inspired to take up flying as a recreational pursuit. With the unveiling of the explosively popular sequel this summer, enthusiasts are seeing a new wave of newcomers to airborne travel (https://ibn.fm/GAeyR). The ability to crisscross the country in a personal plane is an attainable dream for Americans who love the adventure of seeing life from the air and have the discipline to do the necessary training and budgeting to get off the ground. And after two and a half years of pandemic-related restrictions, summer commercial air travel for recreation surged this year as a result of renewed demand for long-distance vacations. Delta, American, United, JetBlue Airways, Spirit Airlines and Alaska Airlines each capped ticket availability after initially biting off more they could chew this year and having to cancel or delay a large number of flights to accommodate staffing schedules (https://ibn.fm/DKDGa). Yakima, Wash.-based Cub Crafters (stylized as CubCrafters) has spent decades appealing to those who want to fly themselves by designing, building, testing, and selling best-of-class backcountry airplanes modeled on the classic Piper PA-18 Super Cub light aircraft, and the company’s own Cub-derivative newly manufactured designs.  CubCrafters offers various different models of aircraft that fit under FAA Certified (Part 23), Light Sport Aircraft (“LSA”), and Experimental Amateur Built (E/A-B) classifications. CubCrafters sells finished aircraft as well as aircraft kits for experimental plane enthusiasts who enjoy the hands-on, DIY emotion of assembling things themselves. The company focuses on five main product lines — the Carbon Cub SS LSA, Carbon Cub FX EAB, Carbon Cub EX kit, the FAA certified XCub, and the classic Top Cub. The company first certified the CC18 Top Cub in 2004 based on the classic Piper design. More than a decade later, in 2016, the completely modern CC19 XCub was FAA certified and introduced by the company with higher performance and stronger structure than similar aircraft, able to fly farther, faster, and carry more with a useful load is as high as 1,084 pounds. The quality and nimble performance exhibited by the original Carbon Cub made it the best-selling LSA of all time in the United States, according to the company. The clean sheet design, computer-aided and using 21st century materials that are lightweight and extremely strong, has put more than 1,000 Carbon Cubs in the air. Analysts at ResearchandMarkets.com are forecasting strong tailwinds for the light and ultralight aircraft manufacture market. They see the market’s current value as $7.5 billion with expectations for growth to $11.9 billion by the end of the decade, at a CAGR of 5.9 percent from 2022 to 2030 (https://ibn.fm/20rUy). “Engaging our customers has been hugely important,” CubCrafters’ President and CEO Patrick Horgan stated two years ago when the company drew attention for introducing a Cub with a nose wheel design instead of the usual tailwheel (https://ibn.fm/6PsrC). “We went into this process not entirely sure if the market wanted to accept a nosewheel-type personal adventure Cub,” Horgan stated at the time. “(But) we’ve had people wanting to place deposits for this aircraft from day one. Our customers have made it very clear that they want us to build this airplane.” That same year, CubCrafters also recorded a landmark event when it shipped its first new European Aviation Safety Agency-certified CC19 XCub to Europe for a customer who wanted to use it as a working tool for business travel across England, Wales, Scotland and Ireland, “enabling very efficient access to often remote parts of the islands” (https://ibn.fm/U3Djx). For more information, visit the company’s website at www.CubCrafters.com. NOTE TO INVESTORS: The latest news and updates relating to Cub Crafters Inc. are available in the company’s newsroom at https://ibn.fm/CUB

Cybin Inc. (NEO: CYBN) (NYSE American: CYBN) Cleared for Historic Study, Begins Enrolling Participants

  • Company receives FDA “may proceed” letter and investigational new drug (“IND”) application clearance
  • Enrollment for Phase 1/2a trial has already started
  • Upcoming trial is first time a psilocybin analog will be evaluated for MDD treatment
  • Studies show psychedelic-based treatments may have potential to revolutionize mental healthcare, but few companies have assessed limitations of oral psilocybin
In a first-ever milestone, Cybin (NEO: CYBN) (NYSE American: CYBN) received approval from the U.S. Food and Drug Administration (“FDA”) (https://ibn.fm/QfXhX) to proceed with its planned phase 1/2a first in-human clinical trial and has started enrollment (https://ibn.fm/HxkKp). The study is designed to evaluate Cybin’s proprietary deuterated psilocybin analog, CYB003. The approval came in the form of a “may proceed” letter and investigational new drug (“IND”) application clearance. “We are extremely pleased to advance CYB003 into clinical development so quickly,” said Cybin CEO Doug Drysdale. “Our team has worked diligently to achieve this major regulatory milestone, and we look forward to collaborating with Clinilabs, our drug-development partner, to accelerate this program. This phase 1/2a trial represents the first time that a psilocybin analog will be evaluated for the treatment of MDD and is the key next step toward our ultimate goal of providing a new and effective treatment for people suffering with mental health conditions. “Successful patient recruitment and a proper clinical environment are integral components of this trial,” Drysdale also noted. “As a global leader in drug development services, Clinilabs is a perfect partner, and we are thankful for their support and guidance.” According to the company, this is the industry’s first-ever novel psilocybin analog to enter clinical development. Participants in the randomized, double-blind, placebo-controlled study will receive two administrations: placebo/active and active/active. In addition, a response/remission will be assessed after the first dose at week 3 and after the second dose at week 6. The announcement noted that study subjects currently being treated with selective serotonin reuptake inhibitors can remain on their antidepressant medication. Specifically, the phase 1/2a study is designed to evaluate rapid onset of antidepressant effect on the day of dosing, as well as the benefit of CYB003 when administered at up to two 12mg doses. An optional open-label follow-up study will assess the durability of treatment effect out to 12 weeks. The study will use the Montgomery-Asberg Depression Rating Scale. Cybin plans to provide an interim pharmacokinetic (“PK”) and safety data readout in quarter four of this year. The company anticipates that data from the studies will provide key PK and safety data to help the company identify future plans for its proprietary substance. “Multiple academic studies have shown that psychedelic-based treatments, like psilocybin, may have the potential to revolutionize mental healthcare, but few companies have addressed the well-known limitations and side effects of oral psilocybin,” said Drysdale. “We believe CYB003 has the potential to offer people in need a more tolerable and potentially more effective treatment option. We look forward to advancing this important compound through clinical development.” A deuterated analog of psilocybin, CYB003 is designed to effectively address the challenges and limitations of oral psilocybin. Based on preclinical data, CYB003 achieved less variability in plasma levels, faster onset of action and shorter duration of effect. “We believe CYB003 has the potential to reduce time and resource burden on patients, providers and payers, and possibly improve scalability and accessibility​ of treatment,” the company stated. Cybin is a leading ethical biopharmaceutical company, working with a network of world-class partners and internationally recognized scientists, on a mission to create safe and effective therapeutics for patients to address a multitude of mental health issues. Headquartered in Canada and founded in 2019, Cybin is operational in Canada, the United States, the United Kingdom and Ireland. The company is focused on progressing psychedelics to therapeutics by engineering proprietary drug discovery platforms, innovative drug delivery systems, novel formulation approaches and treatment regimens for mental health disorders. For more information, visit the company’s website at www.Cybin.com. NOTE TO INVESTORS: The latest news and updates relating to CYBN are available in the company’s newsroom at https://ibn.fm/CYBN

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Increases to 19 Worldwide Lightning Network Nodes as FED Working Paper Supports Bitcoin Scalability Through the Network

  • LQwD is leveraging the Lightning Network for BTC scalability with 19 nodes active and the goal of creating Lightning Network node access in 24 countries by the end of this financial quarter
  • LQwD nodes include US-West, Ireland, India, Germany, Brazil, Hong Kong, Singapore, Sweden, South Korea, South Africa, Bahrain, Indonesia, Italy, Australia, Japan-Osaka, France, Canada, England, and Japan
  • The cryptocurrency market was valued at US $1.6 billion in 2021 and is expected to reach $2.2 billion by 2026, growing at a CAGR of 7.1%
The Federal Reserve Bank of Cleveland Working Paper Series released Working Paper 22-19 in June 2022 entitled “The Lightning Network: Turning Bitcoin into Money.” The FED conjectures early on that the Lightning Network (“LN”) has reduced Bitcoin blockchain congestion and resulted in lower mining fees. Since its introduction in 2009, Bitcoin has grown in value but still has capacity constraints regarding payment processing capability. The average blockchain transaction only allows seven transactions per second, which pales in comparison with centralized payment infrastructures like Visa or Mastercard (https://ibn.fm/y36ZX). The introduction of the Lightning Network has reduced the amount of time it takes for payment processing to provide almost instant results. The overall consensus is that the Network can help Bitcoin achieve greater scalability as a payments system and states, “According to our results, if the LN had existed in 2017, congestion could have been 93 percent lower,” the paper says. The Lightning Network was designed as a viable solution to massively scale bitcoin on a global level, dramatically increasing the number of transactions, lowering the fees associated with transactions, and creating instant settlement times for microtransactions. The LN is a layer 2 payment protocol and eases the scalability of using bitcoin transactions to make payments quickly, easily, and securely using Bitcoin or Litecoin for transactions. One company focused on increasing the scalability of Bitcoin and transactions using the LN by creating enterprise-grade infrastructure is LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF). In November 2021, LQwD released its platform-as-a-service (“PaaS”) offering, https://lqwd.tech/, which serves as a platform for node hosting and managing channels on the LN, and acts as a Liquidity Service Provider (“LSP”) for merchants. LQwD’s nodes are distributed globally to allow for maximum scalability and growth. Through LQwD’s PaaS, users have access to a network of LN nodes that allow for faster transactions, lower fees, and higher levels of security. As a publicly traded company, LQwD is leveraging its position with the public to enhance trust in its products and services, easily access capital through the market, leverage its stock as currency for acquisitions, and attract/retain top industry talent to further provide scalable solutions that enhance the adoption of Bitcoin. LQwD’s first node (US-West) launched in November 2021 and is now the company’s oldest operational node with a capacity of over 6 BTC and 117 open channels. LQwD currently has 19 active nodes worldwide on the LN, including US-West, Ireland, India, Germany, Brazil, Hong Kong, Singapore, Sweden, South Korea, South Africa, Bahrain, Indonesia, Italy, Australia, Japan-Osaka, France, Canada, England, and Japan. The two newest nodes are located in Australia and Japan-Osaka. The company’s goal is to be operational with nodes spanning 24 countries worldwide by the end of the current financial quarter. In 2021, the cryptocurrency market size was valued at US $1.6 billion, and it is expected to reach US $2.2 billion by 2026, growing at a CAGR of 7.1% over the forecast period. The market’s growth can be attributed to the economic conditions and a rise in demand for cryptocurrency across various applications. The launch of various hardware and software companies has contributed to this industry’s growth. LQwD is leveraging its position in this market to bring larger scalability to the Lightning Network and Bitcoin potential (https://ibn.fm/8u8YY). For more information, visit the company’s website at www.LQwDFinTech.com. NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ibn.fm/LQWDF

Pro Athletes Provide Specialized Advocacy for Odyssey Health, Inc.’s (ODYY) Solution for Concussion-related Brain Injuries

  • CDC estimates put the incidence of athlete concussion incidents at 5 to 10 percent of players
  • Currently, there is no FDA-approved medicinal treatment for helping people with concussion injuries
  • Odyssey Health Inc. is a company developing a drug-device combination to treat concussion patients in the first minutes after injury
  • Retired pro soccer and football athletes Abby Wambach, Kurt Warner, and Brett Favre, have formed a Sports Advisory Board for Odyssey Health to help guide and promote public information regarding Odyssey’s treatment developments
  • Wambach recently appeared on the Stock2Me podcast to discuss her interest in concussion research and her role on Odyssey’s sports board
The Center for Disease Control estimates that 5 to 10 percent of athletes will experience a concussion in any given sports season, marking the brain injury events as very common among athletes. Soccer and football stand out as that may exact a heavy toll in traumatic brain injuries (“TBIs”) because of the way head and neck impacts form a part of the games. The University of Michigan’s Health department cites statistics on the web page for its multidisciplinary NeuroSport program showing about 3.8 million concussions occur each year in the United States from sports-related injuries (https://ibn.fm/ywaND). Retired pro soccer forward Abby Wambach and retired pro football quarterbacks Kurt Warner and Brett Favre have expressed hopes that medical science will yet be able to gain a better understanding of TBIs and how to treat them, particularly in regard to sports athletes. The trio have expressed a willingness to let forensic researchers learn from their donated cadaver brains to advance medical science, and they have formed a Sports Advisory Board for Medical device innovator and biopharmaceutical product developer Odyssey Health (OTC: ODYY), a company that is preparing for human trials of a drug product-device combination it believes will ultimately help concussion-injured individuals to quickly heal and recover. Currently, there is no medication approved by the U.S. Food and Drug Administration (“FDA”) for treating concussion injuries specifically, but Odyssey’s PRV-002 solution has shown promise and safe performance in animal testing. The human trial is enrolling volunteers to further establish the safety of Odyssey Health’s technology and is expected to then advance to a Phase II/III trial setup to show that PRV-002 technology is an effective option for concussed patients. Wambach is an advocate for studying the differences between men and women in TBI vulnerability, degree of injury and measure of recovery since concussion-related attention generally focuses on men’s health (https://ibn.fm/atvNg). “In my retirement … I’ve had a lot of time to kind of reflect on the time that I played. I played soccer for 30 years and one of the biggest concerns that I have going into the rest of my life is my brain health,” Wambach told Stock2Me podcast host Stuart Smith in a July 13 interview (https://ibn.fm/PrSID). “Of course, a lot of us really only think about concussions and CTE (chronic traumatic encephalopathy) as it relates to NFL football but the reality is brain trauma happens in every sport,” Wambach said. “And there’s just such little research done, not only on concussions themselves …, but also when you break it down into the genders of women and men, so many less dollars get siphoned over into the women’s side.” Smith noted reports that show female athletes tend to be at much greater risk of traumatic brain injury events than male athletes and that they take longer to recover from them. “It’s not just about how much the women are getting paid, it’s how these woman are getting treated off the field with travel arrangements, etc.,” Wambach said. “That has actually nothing to do with research in the medical fields on women’s bodies for things like concussions, for things like CTE. That’s why my role on this board is, I think, so important. … Not just (for) the sports community, because we’re talking about the military community as well; we’re talking about older folks taking a fall. Any person who is dealing with any kind of head trauma will greatly benefit from research, from the production of treatments like this medicine that Odyssey is behind.” 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

DGE’s 9th Advancing Women’s Leadership Skills & Opportunities in Pharma & Healthcare

Aspiring medical professionals, influencers, solution providers, and executives of the pharma, biotech, medical device, and healthcare are invited to attend the 9th Advancing Women’s Leadership Skills & Opportunities In Pharma & Healthcare summit from September 19-21, 2022 in Philadelphia, PA. The DGE program focuses on the stories and insights of women executives who have reached the echelon of success after facing numerous challenges and hardships. The achievements of these women will inspire organizations to help close the gender disparity gap in the industry. The event is hosted by Dynamic Global Events (“DGE”), a Life Science leader in organizing B2B events. The global event company caters to the dynamic informational and networking needs of the Pharmaceutical, Biotechnology, Healthcare, Medical Devices, and allied industries.  Successful business stories motivate young women professionals who are looking to advance in their career paths. As women are becoming an intrinsic part of healthcare leadership, this DGE Summit serves as a learning opportunity to embrace the role of women leaders in the workplace. Important topics of discussion:
  • Learn how to define parameters and say no without losing promotional opportunities
  • Advance gender consciousness among men in the workplace
  • Perform the role of a multi-generational leader to build lasting diversity
  • The dearth of women at the top positions– Why do women shy away from senior leadership roles?
  • Learn how to network and create quality connections for better career growth
This DGE event will be attended by top industry leaders, solution providers, executives, venture capitalists who will share insights about their experiences in their individual professional journeys. They will discuss the challenges and hurdles they faced and how they were able to overcome them to reach the top. Aspiring candidates and new businesses can find important guidance and design effective strategies for future expansion. The DGE event will feature stories that will inspire a new genre of industry heads. The program focuses on educating, inspiring, and shaping women’s careers to bridge the gender disparity in the health/pharma industry. Recommendations and information on hotel reservations are available, visit: https://ibn.fm/2Mx6I To learn more, please visit https://ibn.fm/5UCJz

Correlate Infrastructure Partners Inc. (CIPI) Looking to Create Profitable, Scalable Distributed Energy Platforms with Letter of Intent to Acquire Leading Solar and Battery Storage Provider

  • Correlate Infrastructure Partners is a portfolio-scale development platform that provides energy optimization and clean energy solutions for North America
  • CIPI recently entered into a letter of intent (“LoI”) to acquire a leading solar, battery storage, and roofing provider
  • Correlate believes the acquisition will create an unmatched platform for community-scale distributed generation, storage, and virtual power plant aggregation
  • Aggregated distributed renewable energy offers a sustainable way to decarbonize electricity production, lower costs, and increase the flexibility, resilience, and reliability of the electricity supply
The extreme heat currently devastating large parts of the United States and Europe, attributed to human-induced climate change, has prompted the White House to announce a series of executive actions on climate to address extreme heat, accelerate clean energy, create jobs, and lower cooling costs (https://ibn.fm/X5yMh). The announcement is the latest in a series of government climate-focused releases published. Last spring, the Administration announced a new target for the U.S. to achieve a 50-52% reduction in greenhouse gas pollution from 2005 levels by 2030 (https://ibn.fm/mUYwm). Hitting this target will require a radical shift in how entire sectors, including the energy sector, operate. Data from the U.S. Energy Information Administration (“EIA”) show that the country’s electric power sector generated 1.551 billion metric tons of carbon dioxide (“CO2”) in 2021, much of it from fossil fuels such as coal (59%), natural gas (40%), and petroleum (1%) (https://ibn.fm/ILCuM). The figure, which accounts for roughly 32% of the total U.S. energy-related CO2 emissions, points to the sector’s undeniable contribution to the ongoing climate change phenomenon. And for the country to achieve its reduction targets, something has to give! The power sector is also plagued with unreliability, which impacts businesses’ bottom lines. According to a 2020 report, 79% of companies that experience weekly outages reported they lose an estimated $50,000 per outage. Furthermore, 45% of firms that experience an outage once a week or more noted that their annual loss to outages stood at between $5.2 million and $104 million (https://ibn.fm/Flg54). So, a solution that both decarbonizes electricity production and increases the reliability of power supply will be beneficial in many ways, and Correlate Infrastructure Partners (OTCQB: CIPI), a portfolio-scale development and finance platform, appears keen on providing precisely this going by a recently signed nonbinding letter of intent (“LoI”). Under the terms of the LoI, CIPI is looking to acquire a leading California-headquartered solar, battery storage, and roofing provider focused on selling and constructing solar and roofing services for residential and commercial properties (https://ibn.fm/C4agS). The potentially accretive acquisition, Correlate believes, will create an unrivaled platform for community-scale distributed generation, storage, and virtual power aggregation, collectively known as distributed energy resources (“DERs”). “While Correlate continues to innovate its core platform services for commercial properties, we are actively integrating complementary energy service providers that align with our mission and strengthen our regional execution prowess. We intend to create one of the first profitable and truly scalable distributed energy platforms in all of North America that ensures an optimum customer experience long term,” said Correlate President and CEO Todd Michaels of the potential acquisition. As an article in Community Solar News writes, aggregated distributed renewable energy is beneficial in several ways. Built around virtual power plants (“VPPs”) that operate as a single power plant and are coordinated using a centralized control system, hence the aggregated tag, such a system helps prevent the excessive buildout of expensive fossil-fuel-powered plants to address peak power demands. This reduces energy costs and pollution. Furthermore, the system is more reliable and resilient because it ensures the power is generated closer to where it is used (https://ibn.fm/0igqj). And with community solar poised to accelerate the transition to VPPs, CIPI’s proposed acquisition is set to create a synergistic and complementary combined company that helps clients looking to be prosumers to set up rooftop solar plants at the community level, extending Correlate’s capabilities even further. In April, for instance, the company was contracted to finance, design, engineer, and install large-scale rooftop solar projects in Illinois and New Jersey. The proposed acquisition is also set to further the company’s goal of becoming a leading clean energy and grid optimization services platform. From an operational standpoint, the target acquisition is expected to provide numerous strategic and financial benefits that add to Correlate’s top line and bottom line. A top 10 U.S. solar and storage platform, the target company posted year-over-year revenue growth in its last reporting period. Its unaudited revenues for the year ended December 31, 2021, were $175 million, an increase from $121 million for the year ended December 31, 2020. Correlate believes the potential acquisition will improve its sales, development, and construction capabilities thanks to the target company’s mature distribution network and integrated solutions delivery. Upon completion, potentially in the second half of the year, the acquisition is poised to offer expanded national leadership in key markets, expertise, integrated digital technologies, a loyal user base, cost efficiencies, and aggregation. “In this proposed acquisition, we have a partner that has years of successful execution expertise in multiple jurisdictions, including engineering excellence, distributed generation development, energy assessments, and regulatory compliance vital to our next stage of growth,” commented Correlate CFO Channing Chen. For more information, visit the company’s website at www.CorrelateInfra.com. NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI

Bhutan and Suriname Are Carbon Neutral, EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQB: EVGIF) Expanding RNG to Keep North America on Track

  • Most of the world has stated decarbonization goals for the coming decades to protect the Earth
  • EverGen is a leader in renewable natural gas, a viable option today for reach carbon neutrality
  • EverGen has been growing rapidly in 18 months and recently struck a deal to generate enough RNG to power 19,000 homes in Ontario
136 countries, home to about 80 percent of the world’s population, have pledged to achieve carbon neutrality, most by the year 2050 with a few as soon as 2030 and others as far out as 2060. So far, Bhutan and Suriname both self-declared that they have achieved the lofty goal. For countries to stay on target, they need to look at available technologies that are simple alternatives to maneuver away from fossil fuels. In Canada, companies like EverGen Infrastructure (TSX.V: EVGN) (OTCQB: EVGIF) are working to develop the sustainable infrastructure that “contributes to carbon-negative energy production and greening the province.” EverGen specializes in renewable natural gas, or RNG, a sustainable fuel source produced differently than conventional natural gas, without drilling wells. RNG is derived from biogas, which is captured from decomposing organic waste in landfills, food waste, agricultural waste matter and wastewater from treatment facilities. Sometimes called biomethane or biogas, RNG can be processed to pipeline quality as a replacement for fossil-based natural gas. Research completed by the Canadian Urban Transit Research & Innovation Consortium (“CUTRIC”) was recently published demonstrating the feasibility of RNG as a cleaner and less expensive solution for public transit buses currently using compressed natural gas (“CNG”). Amongst other things, the “Renewable Natural Gas as a Complementary Solution to Decarbonization” report determined, “RNG fuel has the potential of being zero-carbon or even carbon-negative depending on the methods of production because its production can offset both the tailpipe emissions and the emissions of other human activities.” Headquartered in British Columbia, EverGen has been methodically and quickly expanding its footprint across Canada under the moniker of “Canada’s Renewable Natural Gas Infrastructure Platform.” At the end of December 2020, EverGen raised over $30 million and acquired two RNG projects in B.C. to get operations rolling. In 2021, EverGen bought Fraser Valley Biogas Ltd., nailed down offtake agreements for its RNG with FortisBC, a unit of Newfoundland-based Fortis Inc., Canada’s biggest private utility company, completed its initial public offering, partnered with municipalities for additional organic feedstock, and kept growing. Since then, EverGen acquired a 67% interest in a biogas facility in Alberta and continued its move eastward by inking a deal to buy a 50% interest in a portfolio of RNG development projects in southern Ontario called “Project Radius.” Project Radius is a late-development-stage portfolio of three high-quality, on-farm RNG projects, collectively capable of producing approximately 1.7 million gigajoules per year of RNG. “The acquisition of Project Radius provides a foothold in Ontario – a new and strategic jurisdiction in which EverGen can continue to participate in the consolidation and growth of the RNG industry in the near-term, as well as benefit from project economics in line with or exceeding those we have seen with our initial projects,” said Chase Edgelow, CEO of EverGen, in a press release on the agreement. To provide some color as to what type of impact EverGen can deliver just from Project Radius, consider the 20-year offtake agreement between EverGen’s subsidiary Net Zero Waste Abbotsford Inc. In that deal, EverGen previously said that Fortis will buy up to 173,000 gigajoules of RNG annually for injection into its natural gas system. It is estimated that the RNG energy meets the needs of about 1,900 residential homes. When complete, the three Project Radius facilities could meet the needs of approximately 19,000 homes. 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

Cepton, Inc. (NASDAQ: CPTN) Set to Capitalize on Lidar Sector’s Exponential Growth Trends

  • Originally designed to map out the meteorology of early weather, lidar sensor technology has powered/enabled a wide range of innovative applications
  • The rapid development and adoption of lidar technology is expected to drive the sector to grow to a value of EUR 50 billion per annum
  • Cepton, Inc. has been a key beneficiary of sectoral growth, having earlier been awarded the largest ADAS lidar contract by an automotive OEM in history
  • The company has also pioneered the usage of lidar technology in alternative applications worldwide, recently collaborating with Fibre Based Integrations to revamp Cape Town’s traffic infrastructure using their proprietary technology
In the early hours of April 9, 2022, a SpaceX Dragon capsule carrying four astronauts docked with the International Space Station (“ISS”), ending an orbital mission, which began the previous morning when the capsule was hurtled into space atop a Falcon 9 rocket. Notably and upon final approach to the ISS, the Dragon capsule deployed its lidar-based technology to complete the docking process – a technology which thus far has been primarily associated with the advent of the autonomous vehicle sector. Cepton (NASDAQ: CPTN), a Silicon Valley innovator and pioneer within high-performance MMT(R) lidar solutions, has rapidly emerged as a leader in its field – deploying its unique capabilities across a host of different environments, ranging from traffic systems in Cape Town to smart railways in Europe and security systems in the U.S. Originally developed by NASA to measure objects in space (https://ibn.fm/iImji), lidar technology, an acronym short for “light detection and ranging”, is a sensor technology that sends out laser pulses, then measures the time it takes for them to bounce off an object and return. That data is then used to calculate how far away things are and to create a three-dimensional map of the objects in an area. Lidar’s ability to map surroundings as well as measure object velocity has led to its rapid adoption as an essential sensor in partially or fully autonomous vehicles; in effect, the laser beams that are reflected back from lidar sensors are used to create a 3D rendering of the environment around a vehicle, including identifying pedestrians, other vehicles, and infrastructure, thereby supporting vehicle autonomy. In addition, lidar doesn’t rely on ambient light, which means it’s able to provide imaging in weather conditions that a camera cannot. As of January 2022, a survey carried out by Bloomberg revealed that 17 automakers globally had announced a total of 21 lidar-equipped passenger car model launches, either in production or coming soon (https://ibn.fm/mkzTX). Remarkably, and with over 90 percent of automobiles expected to have some sort of advanced driver assistance systems (“ADAS”) by 2030, one industry source recently forecasted the lidar sector to quadruple between 2025 and 2030, reaching an ultimate global market size of fifty billion euros (per annum). Historically, investments into lidar technologies have been focused on the pursuit of full autonomy (Level 4 or 5 where no human drivers are needed) for ride-hailing, trucking, and logistics purposes; however, the technological obstacles in realizing L4/L5 capabilities have driven most major automotive OEMs to deprioritize plans to pursue the manufacture of fully autonomous vehicles. Rather, OEMs have chosen to address L2 and L3 autonomy, with the goal of selling the proposition of comfort, free time, and safety to a larger customer base (https://ibn.fm/evx5B). This trend has led the lidar technology sector to pivot towards consumer cars, with Cepton being awarded the largest known ADAS lidar series production supply deal in the industry to date to support General Motors’ new Ultra Cruise hands-free automatic driver assist technology (https://ibn.fm/aJhw7). Cepton will supply General Motors and other automotive clients with its specialized range of small, high-performance lidar sensors that can be embedded inside or in various locations around the vehicle, including behind the windshield (the GM Ultra Cruise placement), inside mirrors, front grille, front and rear bumper, tailgate, headlamp, or on the rooftop, allowing automakers a solution for maintaining vehicle aesthetics while maximizing safety and reliability. Compact lidar sensors can provide 360 degrees of coverage for advanced driver assist systems (“ADAS”) or autonomous driving systems. However, Cepton’s product range extends far beyond automobiles. In early March 2022, Cepton revealed that it was partnering with Fibre Based Integrations, an established fiber optics systems house, to develop a lidar-based vehicle detection system, aimed at assisting the creation of smart transportation infrastructure within South Africa’s Cape Town. The use of Cepton’s innovative lidar technology will allow the system to provide authorities with analytics designed to improve traffic flow and safety for motorists and pedestrians, alike. The development of lidar technologies and its broad array of applications bode positively for the sector’s growth prospects going forward. As a pioneer in its field and having been awarded the largest lidar-focused OEM automotive contract in history, Cepton is exceptionally well positioned to capitalize on the industry’s ongoing momentum. 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

Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF) Appoints New CFO as Latest Move to Strengthen Operations in Pursuit of Global Food Security

  • Global food security has suffered during recent years as the COVID-19 pandemic and international conflicts have challenged existing trade agreements and the infrastructure serving them
  • Interruptions to infant and baby food supply chains have gained particular attention from consumers amid ongoing shortages on store shelves
  • Plant-based foods investment company Eat Well Investment Group Inc. is focused on strengthening food security with natural food products, including high-quality, natural baby food supplies
  • As part of the company’s efforts to shore up its operations, Eat Well recently announced that its vice president of finance, Patrick Dunn, will be promoted to Chief Financial Officer, bringing significant experience in building highly successful agribusinesses
The complex challenges parents deal with in caring for and feeding their young children came into sharp focus with the outbreak of the COVID-19 pandemic as public gathering restrictions, business staffing, revenue challenges, supply chain interruptions, war and environmental impairment of food production, exacted a toll on consumers with babies and toddlers (https://ibn.fm/Lu6jM). Some positive news emerged this month as a key U.S. baby formula factory announced it was resuming production after interruptions due to sanitization and environmental destruction (https://ibn.fm/qicKH). Market firm IRI reported formula availability on store shelves dropped to its lowest level so far this year but the federal government continues trying to blunt the shortage by securing repeated flights of formula from overseas (https://ibn.fm/4NisV). In addition, Alabama (https://ibn.fm/yCT28) and Utah (https://ibn.fm/V5EyQ) were among states announcing new financial incentives for childcare workers. But among young children who have progressed to eating more fibrous and chewable foods, another report raised concerns that have become an issue each year for the U.S. Food and Drug Administration (“FDA”) — the presence of toxic arsenic, cadmium, and lead in many baby foods — particularly cereals and puffed snacks (https://ibn.fm/aAur0). A multi-state coalition of attorneys general is asking the FDA and the Department of Agriculture to step up their efforts to eliminate toxic heavy metals from baby food (https://ibn.fm/ipI5l). Plant-based foods investment company Eat Well Investment Group (CSE: EWG) (OTC: EWGFF)  has made its corporate focus the production of quality, highly affordable, nutritious and delicious foods, including baby foods and snacks. “More and more parents and families are looking for healthier, more nutritious and affordable plant-based foods for their babies and toddlers. We are continuing to expand our distribution channels and will drive step changes in 2022 and beyond,” the CEO and founder of Eat Well’s subsidiary Amara Organic Foods, Jessica Sturzenegger, stated earlier this year (https://ibn.fm/Um8aj). Eat Well is strengthening its overall profile, completing the 100 percent acquisition of plant-based food and food-tech creator Sapientia this month (https://ibn.fm/D4zwI). To further strengthen the company’s efforts to improve global food security, Eat Well recently named a new chief financial officer — elevating its vice president of finance, Patrick Dunn, to succeed Nick Demare (https://ibn.fm/rxwzL). Dunn will also join the board of directors, bringing experience in investing in, building, and scaling plant-based food companies across international jurisdictions. Demare will transition to the company’s corporate secretary. According to the company’s news release about the transition, Dunn “is an experienced senior executive with a proven track record of investing in and building highly successful agribusinesses throughout North America, including his role with Verdient Foods Inc., in which he helped conceive, finance, and build one of the largest fractionation facilities in North America.” For more information, visit the company’s website at www.EatWellGroup.com. NOTE TO INVESTORS: The latest news and updates relating to EWGFF are available in the company’s newsroom at https://ibn.fm/EWGFF

Friendable Inc. (FDBL) 360 Artist Platform Sees Growth in Revenue, Traffic and Interest Since January 2022, Driven by FeaturedX Service

  • Friendable acquired Artist Republik and FeaturedX to compliment the Fan Pass Live brand in January 2022
  • Since then, Friendable has continued to put focus on the newly acquired brands, paying particular attention to phase II of FeaturedX
  • The company believes that phase II changes are contributing to a revenue increase, with total gross orders received in the first six months of the year reaching approximately $170,000
  • The global independent artists and performing arts companies market is expected to reach $328.87 billion by 2026, growing at a CAGR of 19%
Friendable (OTC: FDBL), a mobile technology and marketing company focused on the development and identification of products, services, and brand opportunities with mass-market potential and scalability, recently announced its company metrics from the previous six months following the acquisition of Artist Republik and FeaturedX brands/offerings. The company announced the successful acquisition of Artist Republik and FeaturedX in January 2022 and, combined with Fan Pass Live, has created the ultimate “anti-label” 360-degree artist platform offering (https://ibn.fm/akouE). Since the acquisition was completed, Friendable’s management team has been focused on both offerings, starting with Artist Republik and now the recent phase II upgrade of FeaturedX. The company determined the key to FeaturedX’s future success was the necessity to overhaul the communication tools between artists and the company and between “featuring artist” and the artist interested in purchasing their services. According to Friendable CEO Robert A. Rositano Jr., it has been the company’s mission to provide a full 360 offering for all independent music artists and believes it has achieved this by offering a comprehensive suite of services that include music distribution, music writing and video collaboration, design services, promotional materials, merch designs/collections, and e-commerce storefronts. “It’s all here in one place and let’s not forget about the ‘Live’ with Fan Pass Live, which brings the virtual live event scheduling, ticket sales, tips, backstage action/content, merch promo/sales, and fan interaction with revenue sharing for artists across the board, that’s what we call a 360 offering,” he said. The company is uniquely positioned to tap into a significant segment of the global independent artists and performing art companies market, a market that was valued at $101.33 billion in 2021 and is expected to reach $163.14 billion in 2022. By 2026, the market is expected to reach $328.87 billion by 2026, growing at a CAGR of 19% (https://ibn.fm/0Mmiu). Friendable believes FeaturedX has been one of the primary factors driving platform growth over the last six months, helping achieve a total of 270 gross orders. The FeaturedX offering has given the company significant traction in building a revenue ramp that adds to its existing base and requires additional technology upgrades and features that close the loop between artists and their fanbase. In the past, artists were required to approve orders before payment, creating a drop-off in collected revenue, which the company has since corrected with payments required upfront. Friendable released a snapshot of FeaturedX’s traction and activity metrics, showing that the total number of users is up 100% (21,839 users) over the previous 134 days; user sessions are up 100% (32,712 sessions); pageviews are up 100% (146,883 page views); and total number of orders received from January 2022 to July 2022 is 270. “I believe we are on the correct path, and it’s all about staying the course, building revenue, keeping the debt capital out or to a minimum, and moving our valuation up now that our past restructure debt is behind us,” Rositano Jr. added. “We will be continuing to raise capital under the terms of our qualified Regulation A stock offering, as well as operationally continuing to test, re-organize offers and adapt the tech to allow for our scale, it’s happening, and our team has full confidence as we proceed with our next phases.” 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

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