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Flora Growth Corp. (NASDAQ: FLGC) Authorizes the Repurchase of up to $5 Million Shares

  • Flora Growth Corp. announced that the Company Board has authorized the repurchase of up to $5 million of its outstanding common shares
  • Luis Merchan, Flora’s Chairman and CEO, said that Flora is executing its growth plans while simultaneously improving gross profit margins and reducing corporate overhead expenses
  • At the closing of 2021, the company announced a 2022 revenue guidance projection of $35-45 million
Flora Growth (NASDAQ: FLGC) is a global leader in the cultivation, marketing, and distribution of premium-quality cannabis products and brands at below-market prices. Flora Growth recently announced that the company’s Board of Directors (the “Board”) has authorized the repurchase of up to $5 million of its outstanding common shares subject to market conditions and the company’s liquidity warrant (https://ibn.fm/MN24h). Luis Merchan, Flora’s Chairman and CEO, stated that the potential to repurchase their shares at these levels represents a compelling opportunity to deploy available cash to drive shareholder value. The company’s board believes that the decline in the market price of shares is due to the generally weak financial market and cannabis sector. It is also attributed to the recent selling of several millions of shares by certain shareholders who acquired such shares at a very low-cost basis, prior the company’s had its IPO, and who had previously been subject to a one-year lockup period which expired in mid-May. Repurchases may be made from time to time through open market purchases, and, in no event shall the company repurchase more than five percent of the total number of issued and outstanding shares as of the repurchase date. Flora’s 249-acre cultivation facility Cosechemos, based in Colombia, is the core of the company’s business model. The ideal location, resources, and climatic conditions at the Cosechemos farm, enable Flora’s low production cost which is approximately $0.06/gram, compared to production costs that can be as high as $1/gram or more in parts of North America (https://ibn.fm/AmzIv). On Feb 22, 2022, Columbia’s President Duque approved a previously announced legislation expanding on Resolution 811.  The new Resolution 227 allows the industrial use of cannabis in sectors such as food, beverages and textile. This new regulation will further pave way for increased revenues for the company (https://ibn.fm/IKQjp). Recently, Flora also solidified its foothold in the U.S., by acquiring the luxury cannabis consumer brand Vessel Brand Inc. For more information, visit the company’s website at www.FloraGrowth.com. NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://ibn.fm/FLGC

Sugarmade Inc. (SGMD) Announces First Transaction Under Cannabis Global Inc. Contract

  • SGMD will produce an estimated 25,000 pounds of Fresh Frozen cannabis, which Cannabis Global will use in its product lines
  • The market for Fresh Frozen cannabis is “snowballing,” says Cannabis Global CEO
  • With the rapid Fresh Frozen harvesting process, airtight storage and near cryogenic storage temperatures, almost all of the natural cannabis plant essence is preserved
Sugarmade (OTC: SGMD), an emerging leader in the licensed cannabis sector, is seeing the fruit of its labors, so to speak. The company recently announced the first transaction under its previously announced contract with Cannabis Global (OTC: CBGL). The transaction calls for Sugarmade to produce an estimated 25,000 pounds of Fresh Frozen cannabis, which Cannabis Global will use in its product lines and will distribute to the California marketplace (https://ibn.fm/l3QJa). Sugarmade and Cannabis Global have signed a prebooked, fixed-price contract in the amount of $700,000; that payment includes cash payments from Cannabis Global to Sugarmade of $300,000 and notes for the balance of $400,000. Planting of the cultivators began in mid-May and will continue into early June. “The market for Fresh Frozen cannabis is snowballing,” said Cannabis Global CEO Arman Tabatabaei. “Thus we believe it is the place to be for the 2022 cultivation season. We plan to process a large portion of the 25,000 pounds of ultra-premium cannabis at our Lynwood, California, laboratory, creating premium solventless extracts for sale into the market and for use in our own manufactured products, thus creating vertical integration to reduce our costs of goods sold. “We also plan to store a significant portion of the biomass in the Los Angeles area to create an active wholesale market to the many new solventless extractors in the area via our wholly owned distribution company, Northern Lights Distribution,” Tabatabaei continued. “We have integrated this cultivation effort into our strategic plan for 2022 and 2023 as an important component to further boost our already fast-growing revenue base.” Fresh Frozen cannabis is flash frozen immediately after harvest instead of undergoing the traditional treatment of drying and curing. A growing number of cannabis consumers are choosing this type of cannabis as they seek naturally produced cannabis products full of natural plant terpenes and flavors. As demand grows, the number of products available that contain Fresh Frozen cannabis is also growing. “In many ways, the advent of Fresh Frozen-oriented cannabis cultivation has turned the cannabis cultivation model on its head,” a recent article observed. “Where cultivators traditionally harvested cannabis plants and then spent weeks or months drying, curing and processing plant materials, all the while battling heat, humidity, molds and other factors that could affect the product. “Fresh Frozen-oriented cultivation allows growers to ditch the traditional model by cutting down the plants at the peak of freshness, stripping the large leaves, branches and stems and then bagging the remaining materials bound for storage in industrial freezers at temperatures well below -5 F,” the article continued. “With the rapid harvesting process, airtight storage and near cryogenic storage temperatures, almost all of the natural cannabis plant essence is preserved.” Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company’s brand portfolio includes CarryOutsupplies.com, SugarRush, NUG Avenue and Lemon Glow. For more information, visit the company’s website at www.Sugarmade.com. NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://ibn.fm/SGMD

Conference Presentation Shows Growth of FingerMotion Inc.’s (NASDAQ: FNGR) Telcom Tech Service Operations, Revenues

  • FingerMotion is a U.S.-based communications technology business focused on serving the enormous cell phone and reinsurance markets in China
  • Company CEO Martin Shen recently reported on the growing operations of FingerMotion and the increase in annual revenues when he appeared at LD Micro’s annual investor-centric conference in California
  • Shen noted that FingerMotion’s ultimate goal is to improve people’s lifestyles by using technology and data analysis to boost understanding, and creating new products that further develop that goal
  • The company is expanding on its SMS, MMS and top-up revenue channels by developing RCS services and a device protection plan operation for the coming year

FingerMotion (NASDAQ: FNGR) continues to build a strong telecommunications revenue stream in mobile top-up, short and multimedia messaging (SMS and MMS) services for Chinese consumers while building new revenue channels in several of China’s provinces, particularly in rich communication services (“RCS”) that mark an evolution of SMS and MMS by drawing on the power of 5G wireless technology to expand marketing and purchasing services.

As an evolving communications and big data technology company, FingerMotion continues to seek new capital to fund its growing endeavors in China’s 1.6 billion-person mobile products and services market.

On June 8, FingerMotion CEO Martin Shen joined companies presenting information about their operations to peers and potential investors at the 12th Annual LD Micro Invitational Conference in the Greater Los Angeles area’s Westlake Village (https://ibn.fm/GA8SY), building on similar efforts that have taken place since FingerMotion listed its shares of common stock on the Nasdaq Capital Market in December (https://ibn.fm/1KImX).

“Our primary area of focus is the development of must-have application for consumers and businesses,” a promotional video introduced by Shen at the LD Micro conference stated.

“Hopefully you can see from that video that we’re well-entrenched in the mobile phone arena, particularly in the mobile data spaces,” Shen followed up. “With our data and our big data insights arm Sapientus we hope to fulfill our vision, which is to improve people’s lifestyle by understanding human behavior, by innovating new products, enhancing the products that already exist, and then hopefully with those consumer and understanding human behavior analytics we can improve lifestyle in general” (https://ibn.fm/yHeHK).

In China’s mobile phone use market, consumers continually run out of minutes and data allowances and have to “top up” to add more user time for themselves — a need FingerMotion was quick to satisfy.

“We’ve been doing this for about three years. We’re very confident in our platform — the Telcos are very happy because their consumers are happy,” Shen said.

FingerMotion’s SMS and MMS texting and video services have provided the bulk of its revenues, which overall grew $6.24 million, or 37 percent, from FY 2021 to FY 2022, as reported June 1 (https://ibn.fm/fGnen).

Regarding the RCS product, Shen said the company is in the process of developing it and hopes to launch it within the current fiscal year.

“We have a few expansion plans with some new funding, first of which, which is most exciting, is our device protection plan,” Shen said. “We’ll still continue to grow our RCS. … And finally we’ll continue to build out our big data and our Sapientus arm.”

The big data analyzed and developed through Sapientus has been directed to serving re-insurance companies operating in Asia since its launch last year.

“This year, we are just shy of $23 million in revenue, so you can see that the growth of the last four years has been quite substantial,” Shen said. “We’re excited about what the device protection plan can bring forward to us because we think that’s revenue where there’s very little cost associated with it — we’re just running it and we’re bringing the companies together that need to do it.”

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

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

Kronos Advanced Technologies Inc. (KNOS) State-of-the-Art Purifiers Proven to Improve Indoor Air Quality

  • New COVID-19 preparedness plan involves renewed focus on indoor air quality (“IAQ”)
  • Initiative includes campaign to promote ways to improve IAQ as well as financial assistance to state, local governments and schools for HVAC system upgrades
  • Kronos AIR 5G(R) Air Purifiers have been tested, confirmed as the most effective clean-air solution on the market
Indoor air quality (“IAQ”) is coming under closer scrutinization under the Biden administration, according to a new plan (https://ibn.fm/j3ixw). According to a recent White House fact sheet, “The Biden Administration and Congress have provided hundreds of billions of dollars in federal funds that can be used in schools, public buildings, and other settings to improve indoor air quality” (https://ibn.fm/FBk9k). The correlation between indoor air quality and good health is one that Kronos Advanced Technologies (OTC: KNOS) embraced long ago, as the company develops and sells a variety of disruptive, advanced, state-of-the-art air filtration and purification systems that fully remove harmful allergens, bacteria, viruses (including the flu), and even gasses from indoor breathing spaces. “The Biden administration plans a renewed focus on indoor air quality as part of its latest response to the ongoing coronavirus pandemic,” reported the ACHR News. “The White House’s IAQ initiative was broadly outlined in its 97-page National COVID-19 Preparedness Plan, which was issued in early March and referred to briefly by President Joe Biden in his State of the Union address. “Steps include a publicity campaign to promote ways to improve IAQ, financial assistance to state and local governments and schools for HVAC system upgrades, and a ‘Clean Air in Buildings Challenge’ to encourage building owners and managers and building engineers to adopt strategies to improve air quality in their buildings,” the article continued. “The plan pledges IAQ guidance and technical resources for such efforts.” According to the White House plan, “strong ventilation practices can reduce the number of virus particles and contaminants in the air, and thereby reduce the risk of virus or disease transmission.” The article noted that the Biden administration “will work with Congress to secure the necessary funding” for the initiatives, with state and local governments and school districts encouraged to use American Rescue Plan money to improve their air ventilation and filtration systems. Kronos Advanced Technologies stands to benefit from the new initiative. The company’s Kronos AIR 5G(R) Air Purifiers are some of the most powerful and effective air purifiers available today. The devices, which come in three models, feature Kronos’ own patented, medical-grade technology, which has been tested and confirmed as the most effective clean-air solution on the market. According to Kronos, its purifiers filter particles down to .0146 micron (.0146μm), far beyond the 3 microns (0.3μm) of a traditional HEPA filter. In addition, Kronos purifiers not only collect but also destroy 99.99% of all airborne bacteria, mold and virus particles. Unlike traditional HEPA systems that collect pollutants on filters, which can grow mold and bacteria with time, Kronos’ patented technology collects and eliminates harmful particles, depositing them on easy-to-clean collecting plates. This process reduces the risk of harmful particles in the air and eliminates the need to replace costly HEPA filters every month. KNOS recently acquired an 85,000-square-foot West Virginia manufacturing campus that will be retrofitted to produce advanced, proprietary air-purification devices and other wellness products (https://ibn.fm/TbuNb). For more information, visit the company’s website at www.KronosATI.co. NOTE TO INVESTORS: The latest news and updates relating to KNOS are available in the company’s newsroom at https://ibn.fm/KNOS

Advanced Container Technologies Inc. (ACTX) GrowPods Have Potential to Help Millions Living in Food-Insecure Households

  • Tens of millions of adults, children are living in food-insecure households
  • Micro-farms, such as ACTX’s Grow Pods, are being evaluated as a potential solution for food insecurity
  • With GrowPods, cultivation can be moved directly into the areas where food is needed
An estimated 30 million adults and 12 million children are living in food-insecure households, reports a recent CNN Business article (https://ibn.fm/nnECx). Those are people that Advanced Container Technologies (OTC: ACTX), the exclusive U.S. distributor of Grow Pods, believes it can help. “Families across America are precariously perched on the edge of a hunger cliff,” reports CNN Business. “With inflation on the rise and supply chain backlogs, more families have been turning to food banks, forcing programs nationwide to ration supplies and cut services. And now the war in Ukraine is leading to more food shortages and driving up prices even further. Now is not the time to turn our backs on those who cannot afford to put food on the table. “The U.S. Department of Agriculture (‘USDA’) has estimated that as many as 30 million adults and 12 million children are living in food-insecure households,” the CNN report continued. “And the U.S. Census Bureau’s Household Pulse Survey found that in the last seven days, 10.3% of respondents sometimes or often did not have enough to eat. Local food aid organizations are essential community resources for families during this crisis, but they cannot do it all by themselves.” Micro-farms, such as ACTX’s Grow Pods, are being evaluated as a potential solution for food insecurity. Last year, Virginia State University (“VSU”) was given a $600,000 grant to explore micro farms as a potential solution to what the school called “food deserts in urban neighborhoods” (https://ibn.fm/tSTxL). According to the school, the grant will build VSU’s capacity to provide comprehensive education on micro farming. Leonard Githinji, project director and sustainable and urban agriculture Cooperative Extension specialist at VSU, reports that more than 11% of the nation’s population and 10% of Virginia’s population are food insecure. “Residents in food-insecure areas, commonly known as food deserts, have little or no access to fresh, affordable and nutritious food, and often have higher instances of chronic diseases, such as obesity, due to poor diets,” Githinji states. “Developing sustainable micro farms in urban areas can have a profound impact on access to healthy food in food deserts.” The funding will enhance VSU’s capacity to study micro farming and provide experiential learning and hands-on training to students, extension agents, master gardeners and youth leaders. Companies operating in the micro-farming space, such as Advanced Container Technologies, will also likely benefit from the study results. The three-year study will focus on developing and optimizing environmental growing conditions so that research-based information can be disseminated on best practices for micro farming. ACTX is confident its GrowPods — modular hydroponic greenhouses — could become a valuable tool in efforts to combat food insecurity. “With GrowPods, cultivation can be moved directly into the areas where food is needed,” the company noted (https://ibn.fm/tiWZK). “Additionally, locating the pods nearer to the point of consumption allows food to be harvested at its peak nutritional value, and greatly reduces the carbon and environmental impact of the nation’s current food chain, which relies on trucks carrying mass quantities of produce across the country.” GrowPods offer a controlled environment with major advantages for the production of high-value crops. The ability to grow crops year-round while cultivating in a smaller footprint using less resources make the systems particularly well suited for programs such as the LFPA. ACTX is the exclusive distributor of GrowPods in certain markets. The company also provides a variety of other products and services, including packaging solutions for medicinal, pharmaceutical, and agricultural products. For more information, visit the company’s website at www.AdvancedContainerTechnologies.com. NOTE TO INVESTORS: The latest news and updates relating to ACTX are available in the company’s newsroom at https://ibn.fm/ACTX

Tevva: It’s Time to Shift into a Higher Gear in the Climate Change Fight

During COP26 last November, we saw ambitious plans and commitments being made by governments and companies around the world in an effort to meet the Paris Climate Agreement. But talk is cheap. We need action, and there really is no time to waste. In the UK, transport, including freight, has become the biggest source of air and noise pollution. That’s why Tevva’s focus has always been to use the latest technology to face down the challenges posed by climate change. We do technology because it matters and makes a difference to humanity Tevva’s pledge is to develop sustainable (electric and hydrogen) urban trucks at volume, to address climate change and local air quality issues, and to improve the lives of humanity through innovative transport solutions. This year, Tevva will begin full production of its all-electric truck, drawing on decades of proven engineering, design and manufacturing experience. The technology will soon hit European roads, providing Tevva customers with a reliable zero-emission solution to accelerate their fleet electrification ambitions. Tevva trucks will quickly improve the air quality in our cities, eliminating millions of tonnes of harmful emissions over the coming years. Urban areas will begin to breathe a little easier when fossil fuels are removed from the trucking equation. Rolling out Tevva trucks will, of course, only solve part of the problem. The scale of the task means governments must help as much as they can. The proposed UK ban on sales of new diesel and petrol commercial vehicles by 2040, like government plans throughout the world, is a positive move. But bringing this deadline forward would have an even bigger impact on carbon reduction. So too will the recent pledge to extend grants and infrastructure for new electric vehicles. But details of the reported £620 million that’s been promised, including what it will mean for freight and logistics (the industries that Tevva is targeting), remain unclear. We also need to hear more on government plans to develop green hydrogen. Our hydrogen range-extended trucks use an innovative combination of battery electric and hydrogen technologies to provide a unique answer to range anxiety in commercial EVs. There is no doubt that society sees such technological progress as positive and that there is almost universal agreement on the need to benefit humanity with ‘greener’ jobs, less pollution and cleaner, quieter streets. Tevva is lighting the way – in terms of being an innovator and “solution finder” for cleaner technologies. Being an enabler of positive change is part of our proposition and we are committed to supporting our broad stakeholder network of customers, suppliers, strategic partners and local communities as they forge their own paths towards a greener future. We urge all those in power, as well as our industry partners, to keep in mind that utilising a range of renewable fuels (including green hydrogen) will create a more sustainable foundation for commercial vehicles. Tevva has the technology and expertise to help build this foundation. We want to work more closely with the British government to make our collective future healthier, safer and more sustainable. Time’s up for talking and bold promises, let’s now shift into a higher gear of action – for everyone’s sake. This article has been contributed by Tevva. Asher Bennett is Founder and CEO of the company. To learn more, please visit https://www.tevva.com. Third-Party Content The IBN website may contain Third-Party Content articles and other content submitted by third parties, including articles submitted through the IBN Premium Partnership Program. 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Correlate Infrastructure Partners Inc. (CIPI) Empowering Businesses to Tackle Scope 1, 2, and 3 Emissions, Meeting Decarbonization and ESG Goals

  • Correlate Infrastructure Partners offers a complete suite of proprietary clean energy assessment solutions, designs, and finances renewable energy projects
  • Through its vast portfolio, CIPI is helping companies meet their decarbonization, ESG (Environmental, Social, and Governance), and net operating income goals, as well as tackle Scope 1, 2, and 3 emissions
  • Correlate provides financing mechanisms and solutions that improve the procurement experience
  • Using technology, CIPI identifies the best energy optimization strategy that matches corporate energy goals
Renewables such as wind and solar are the fastest way to hit global decarbonization targets and boost energy independence. And as a recent GreenBiz article reports, companies “that transform their operations to meet decarbonization goals, tackle Scope 1, 2, and 3 emissions, and partner with developers to transform from passive energy consumers to active market participants will capture the greatest value from the energy transition and position themselves as industry leaders” (https://ibn.fm/bU5mA). According to the U.S. Environmental Protection Agency (“EPA”), scope 1 emissions are “direct greenhouse gas (“GHG”) emissions that occur from sources that are controlled or owned by an organization. Scope 2 emissions are indirect GHG emissions associated with the purchase of electricity, steam, heat, or cooling” (https://ibn.fm/15JKV). Finally, scope 3 emissions are “the result of activities from assets not owned or controlled by the reporting organization, but that the organization indirectly impacts in its value chain” (https://ibn.fm/J8vI0). In discussing the top five trends expected to shape the burgeoning renewable energy sector and their implications for businesses, the GreenBiz article underlines the realization by business leaders that one of the most fundamental approaches to making substantial and meaningful progress in reducing emissions is by dealing with emissions across the entire value chain. To achieve this, companies are targeting Scope 3 emissions, which “reach beyond a company’s direct control and are associated with suppliers or consumers of the company’s products,” and therefore consider the impact of an entire value chain. “In order to tackle their Scope 3 emissions, companies are launching collaborative initiatives with their suppliers to encourage decarbonization… Businesses are also beginning to encourage decarbonization by focusing on changing procurement standards… Other companies help their suppliers procure clean power by sharing their procurement experience, offering financial support, or partnering with them on renewable energy aggregations. These powerful aggregation tools allow smaller companies with lower electricity loads to collaborate and purchase renewables at scale,” the article continues. For Correlate Infrastructure Partners (OTCQB: CIPI), the article’s discussion points aptly describe its focus. A portfolio real estate platform, Correlate offers a complete suite of proprietary clean energy assessment solutions in addition to developing and financing renewable energy projects to enable large-scale property owners to optimize their buildings’ energy footprints and meet their sustainability goals. Using its vast array of assessment solutions that rely on technology, Correlate assesses buildings to establish the clean energy and energy-efficient solutions that, when installed, will meet the client’s corporate energy goals. The company then designs these systems, prioritizing the opportunities identified at the assessment stage and matching the designs to the corporate goals. In addition, the company has a funding mechanism to cushion clients from shelling out out-of-pocket capital expenditures (“CapEx”). Next, Correlate partners with its network of energy service providers to deliver project bids and contract-level pricing. Even so, this network is not a closed ecosystem – CIPI is vendor agnostic, meaning the company can work with its clients’ existing partners. Lastly, CIPI manages the contractors and suppliers, ensuring the build-out phase is completed successfully. Through these steps, Correlate’s website notes, the company makes it “easier for organizations to reach their stated ESG (Environmental, Social, and Governance) and NOI (Net Operating Income) goals, reducing wasted time and money for everyone” (https://ibn.fm/Gewcr). In a move that further expanded these capabilities, CIPI, in early May, launched the Correlate Portfolio Health platform that digitizes archaic processes, making energy management and procurement transparent and cost-effective as a result (https://ibn.fm/dQDdq). A unique solution, Correlate Portfolio Health simplifies (i) complex energy assessment by providing facility and portfolio-level energy, cost, and carbon saving recommendation reports; (ii) procurement by incorporating a seamless bid process for solutions such as HVAC systems, lighting, roofing, solar, controls, and more; (iii) funding for deferred maintenance with new energy efficiency options; (iv) on-site generation of renewables like solar and storage; and (v) commodity energy contracts. CIPI’s offerings, which range from financing, design, assessment, improved procurement experiences, and contract management, empower companies to better tackle their Scope 3 emissions while still hitting their NOI and decarbonization targets. 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

EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQB: EVGIF) Buying 50% of Project Radius and Up to 5 Percent of Its Own Stock

  • EverGen has initiated a share buyback program, or normal-course issuer bid as it is called in Canada
  • The Company is allowed to repurchase 668,370 shares of its common stock, representing ~5% of the total shares issued and outstanding. The shares will be retired.
  • With an established RNG footprint in Western Canada, EverGen entered the Eastern markets in May with an agreement to acquire 50% of Project Radius
In the U.S., it’s called a share repurchase plan. In Canada, it’s a normal-course issuer bid (“NCIB”). Whatever the name, a company buying back shares in the open market and retiring them is good for shareholders because fewer shares available make those outstanding more valuable. Earlier this month, EverGen Infrastructure (TSX.V: EVGN) (OTCQB: EVGIF) launched an NCIB undergirded by management’s contention that, “from time to time, the market price of the common shares may not fully reflect the underlying value of the company’s business and its future prospects.” EverGen is focused on fighting climate change and helping communities contribute to a sustainable future by acquiring, developing, owning, and operating a portfolio of Renewable Natural Gas (“RNG”), waste-to-energy, and related infrastructure projects. RNG is pipeline-quality gas derived from biogas, which is produced from decomposing organic waste from landfills, agricultural waste, and wastewater from treatment plants. It is fully interchangeable with conventional natural gas with the benefit of being much better for the environment (no drilling required for RNG either). In fact, RNG is not just carbon-free, it is carbon-negative. Furthermore, digestate, the byproducts from the anaerobic digester process used in making RNG, has utility for use in fertilizer, soil amendments, and other products. RNG is cleaner every step of the way. The Vancouver-based company started regionally in Western Canada with three owned and operated RNG and/or organic processing facilities as it pursues similar clusters throughout the country and seeks to lock down long-term RNG supply contracts. EverGen made its initial foray into Eastern Canada last month with an agreement to acquire a 50% interest in a portfolio of RNG development projects in Ontario known as Project Radius. During the first quarter, EverGen booked CAD$1.4 million in revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of CAD$0.6 million. That was roughly in line with the year prior despite shutdowns due to the epic floods that crippled parts of British Columbia during the quarter. The company ended the quarter with CAD$20.2 million in cash and cash equivalents. “EverGen is in a strong position to expedite growth as Canada’s RNG infrastructure platform and we have continued to deliver on our goals,” said Chase Edgelow, CEO of EverGen, in a press release on Q1 performance. With the NCIB approved by the TSX Venture exchange as of June 8, 2022, EverGen can purchase common shares of EVGN at its discretion through June 7, 2023. The transactions will be carried out through the facilities of the TSX Venture Exchange by Clarus Securities on behalf of EverGen. NCIB rules stipulate a maximum number of shares that can be repurchased and at what pace. For EverGen’s NCIB, the company can acquire up to 668,370 shares of its common stock over the next year, representing about 5 percent of the company’s 13.37 million issued and outstanding. No more than 2 percent of the issued and outstanding shares can be purchased during any 30-day period. All repurchased shares of EVGN will be returned to the treasury and canceled. 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

Golden Matrix Group Inc.’s (NASDAQ: GMGI) AI-Powered I-Gaming Systems Fuel Revenue Growth Despite Looming Recession

  • Online gambling growing despite recession fears, expected to reach $115.13 billion by 2026 at CAGR of 9.2%
  • GMGI leads industry with modular, turnkey, and white label gaming platforms compatible with all major browsers, operating systems, devices
  • GM-X gaming systems collect player data, leverage AI algorithms to enhance gaming experience, increase player retention, boost B2B client profitability
Online gambling continues to grow globally and is expected to reach $81.08 billion in 2022 at a compound annual growth rate (“CAGR”) of 10.4% (https://ibn.fm/CqiDg). Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems, and gaming content, leads the industry with its AI-powered GM-X systems that offer a distinct competitive advantage – and profit potential – to its growing B2B client base. According to a recent report, online gambling continues its growth trajectory and is expected to reach $115.13 billion by 2026 at a CAGR of 9.2%. Analysts credit the end of COVID-19 restrictions, resumed business operations, and adaptation to a “new normal” as primary factors driving expansion. In addition, technological innovations such as blockchain, Internet of Things (“IoT”), Virtual Reality (“VR”), and Artificial Intelligence (“AI”) are driving industry growth, attracting more users, and boosting profits for gaming providers. Golden Matrix’s iGaming solutions provide a significant technological and marketing advantage to B2B partners by collecting customer data, including playing style, time spent in the casino, and gaming preferences. According to GMGI CEO Brian Goodman, these tools boost partner profitability, enhance the user’s gaming experience, and increase customer retention. “All of these items or pieces of marketing that we provide in our system are critical to survival,” Goodman revealed in a recent interview (https://ibn.fm/hrxV4). GMGI’s highly modular, configurable, turnkey, and white label gaming platforms are compatible with all major browsers, operating systems, and devices. The company offers three GM-X solutions, including GM-X Turnkey, GM-X White Label, and GM-X Direct Integration. GM-X Turnkey enables partners to operate and maintain an online gaming website with a complete software package that includes thousands of games from leading content providers. Operators starting an online gaming platform from scratch can opt for the company’s GM-X White Label solution that includes licensing, accounting, management, support, and gaming content. Clients requiring an integration layer choose the company’s GM-X Direct Integration solution to access GMGI’s gaming portfolio on top of the GM-X aggregation system. Golden Matrix continues to grow despite inflation and fears of an upcoming economic downturn. The company recently posted Q2-2022 results that included a 221% increase in revenue over the comparable year-ago quarter amid 15 consecutive quarters of profitability (https://ibn.fm/wDkXU). “We are pleased with the financial results of our second quarter as a company with both B2B and B2C verticals,” said Goodman. “We enter the remainder of this fiscal year with two robust operating divisions and a strong balance sheet. As stated previously, we continue to evaluate new opportunities in both the B2B and B2C spaces that will further accelerate GMGI’s overall revenue growth and – in accordance with our acquisition strategy – are always accretive to earnings.” Golden Matrix Group is the leading provider of turnkey and white label gaming platforms, Esports technology, and gaming content. The company pioneers highly modular, configurable, and scalable AI-powered gaming platforms that work on all major operating systems and devices, offering partners a distinct competitive advantage in the iGaming industry. For more information, visit the company’s website at www.GoldenMatrix.com. NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI

Friendable Inc. (FDBL) Future Growth Initiatives to Include VIP Backstage Performances, Metaverse Land, and More

  • Friendable continues to show positive growth with key metrics reporting for press, social media, and overall engagement
  • Estimated media value of all initiatives over the last nine months amounted to $1.1 million
  • The outcome of the metrics has provided the credibility needed for the company to take the next step in their artist offering by providing VIP backstage performances, Metaverse Land opportunities and other features
Friendable (OTC: FDBL), a mobile technology and marketing company, has monitored the initial trends of its brand messaging, awareness, and social media campaigns for the last nine months and is pleased to announce the results as the company begins preparing new initiatives based on its continued growth and marketing opportunities. The results of Friendable’s efforts have provided a strong foundational element of credibility that is only fostered through time, positive reviews, and the success stories of its artists, which the company continues to receive. “Our team’s focus and determination to turn out the best possible products, services, and independent music artist solutions in general, is truly inspiring, taking creativity and initiatives for these next phases of growth to a new level,” Friendable CEO Robert A. Rositano Jr. said (https://ibn.fm/W8OZz). “This said, our focus continues to be on our artists, which means everything from music distribution services to merch creation, sales, live events, and even our collaboration services are being constantly upgraded and refined.” Spanning September 2021 through May 2022, the reported key metrics are provided from media partner reporting data and include press campaign metrics, press placements, and the following social media recaps for Fan Pass Live and Artist Republik: Social Media Recap – Fan Pass Live
  • Comprehensive Follower Growth +1,794
  • Total Engagements +77,802
  • Total Posts Published +668
  • Total Impressions +3.9 million
Social Media Recap – Artist Republik (from 01-05-2022)
  • Comprehensive Follower Growth +30
  • Total Engagements +16,175
  • Total Posts Published +184
  • Total Impressions +416.5k
Additional key metrics to take note of for Friendable’s 360-degree platform offering for independent artists include:
  • $1.1 million estimated media value of all results
  • 93.9k total social engagements
  • 116.8 million impressions
  • 852 posts published
  • 1,824 new followers
The above metrics set a solid foundation as the company moves forward with the next phase of expansion, exposure, and service offerings. Friendable is diligently moving toward additional offerings, including VIP backstage streaming, Metaverse Land, and more. Rositano Jr. further explained that with all that the company has accomplished thus far, it is still only beginning, and will soon start providing new services for live and behind-the-scenes content. “These experiences will become an additional offering for artists and their fans, all made possible by the Fan Pass Live team. Additionally, Metaverse real estate must be acquired to extend and launch artist careers right from Metaverse performance arenas and locations, of which we also plan to acquire, build, and operate with strong partners in the space,” Rositano Jr. added. Friendable’s flagship offering Fan Pass Live artist platform was released in July 2020, providing a virtual stage for independent artists to continue doing what they love minus big label control and restraints placed on the industry due to the global pandemic. At the start of 2022, the company announced the acquisition of Artist Republik and FeaturedX, bringing the platform 360 – offering artists the opportunity to create, produce, distribute, and market their sound. The company continues to build its offering for artists, creating the ultimate “anti-label” platform and returning more revenue to the artist. 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

From Our Blog

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

September 23, 2025

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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