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Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF) Expands Distribution of Baby Food Brand as Global Food Security Concerns Persist

  • Plant-based foods investment company Eat Well Investment Group Inc. has subsidiaries focused on organic baby foods, pea-based proteins and healthy snacks
  • Eat Well’s baby food company, Amara Organic Foods, recently announced that it has added supermarket giant Kroger’s eCommerce platforms to existing distribution outlets such as Walmart, Amazon and H-E-B
  • Kroger supplies over 2,750 grocery stores throughout the U.S. and has the largest supermarket chain annual sales revenue in the country
  • Eat Well also recently announced that it has hired brokerage firm Independent Trading Group (“ITG”) to help the company increase its stock liquidity and expand its reach to potential investors
Plant-based foods investment company Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) is gaining an increasing level of exposure for its portfolio of protein alternative and natural baby food brands thanks to distribution agreements with companies such as Walmart, Whole Foods, Sprouts Farmer’s Market, Loblaws, Amazon and HEB Grocery Company (H-E-B). Eat Well added another market-targeted arrow to its quiver this month with its recent announcement that investee baby food brand Amara Organic Foods is now available on the eCommerce platforms for The Kroger Co. (NYSE: KR) — Kroger.com and Vitacost.com. “Increased distribution through eCommerce channels continues to be a strategic focus of Amara to drive both topline revenue and to maximize margins that come from a DTC environment,” Amara CEO Jessica Sturzenegger stated in the news release announcing the new outlet for the baby food brand (https://ibn.fm/8be0S). The Kroger agreement is a welcome addition to Amara’s omnichannel sales distribution strategy. Kroger has the largest supermarket chain sales revenue in the United States, supplying over 2,750 grocery stores, and is the third-largest general retailer behind Walmart and Amazon (https://ibn.fm/Y3tyv). Last year, Amara reported 533 percent revenue growth and Amazon recognized its success as a top new release (https://ibn.fm/5biTA). That success helped drive Canada-based Eat Well’s revenue growth, which rose to nearly $60 million forecasted (Canadian) by year’s end, and Eat Well expects to boost that to between $90 million and $110 million by the end of this year (https://ibn.fm/ButWF). The company’s portfolio also includes plant-based ingredients processor Belle Pulses and plant-based food creator Sapientia as subsidiaries. Eat Well announced May 12 that it has hired brokerage firm Independent Trading Group (“ITG”) for market-making services under the rules governed by the Canadian Securities Exchange (“CSE”) to help the company further expand liquidity and its outreach to potential investors. Eat Well debuted on the CSE under its current name and ticker Sept. 2, and then added an OTC listing in the United States. ITG will “trade shares of the company on the CSE and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the company’s common shares,” according to the Eat Well’s statement (https://ibn.fm/CGsfq). Sapientia launched its first official product in Western Canada last December — a plant-based snack created by company founder and President Eugenio Bortone, who invented Twisted Cheetos. Belle Pulses is undergoing production facility expansion in response to the food security concerns arising from the war in Ukraine. The company produced about 90,000 metric tons of pea protein last year and expects to produce nearly 100,000 metric tons annually in the near future. The company will add an additional 15,000 metric tons of annual production through its United States facility. 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

Cryptocurrency and Blockchain Technologies Address Global Challenges, Including Environmental Crisis Through Carbon Offsets

  • The UN Environmental Programme considers blockchain a potential opportunity for the reduction of carbon emissions and other environmental impacts faced globally
  • Cryptocurrency and blockchain technology has the potential to create a positive environmental impact through the use of digital ledgers and carbon credits
  • Carbon credits are digital certificates purchased by companies and environmental projects certifying that they have reduced emissions by at least 1 tonne of CO2 or equivalent greenhouse gas in a given year
  • Companies can be considered carbon neutral if the number of carbon credits purchased equals their carbon footprint
  • The voluntary carbon offsets market was valued at $305.8 million in 2020 and is expected to reach $700.5 million by 2027
Since being introduced in 2008, cryptocurrency and blockchain have become an emerging technology trend making headlines and catching the attention of venture capitalists. Often used interchangeably, crypto and blockchain technology are not the same. Since inception, hundreds of cryptocurrencies have emerged, creating an alternative to fiat currency – a decentralized financial currency. On the other hand, blockchain technology has been considered one of the safest ways to store data since it cannot be altered once added to the chain. Blockchain technology is the digital ledger technology that allows transactions to be executed in a safe, more secure setting. One of the highest valued cryptocurrencies and the first blockchain technology application is Bitcoin. One of the biggest environmental debates in recent history (carbon emissions) has something in common with Bitcoin and blockchain technology, as environmentalists have expressed deep concern over the amount of energy consumed by Bitcoin miners and the increased carbon footprint it potentially leaves behind. The debate is not entirely founded, considering many companies are pushing for more environmentally sustainable forms of energy, potentially creating a greener future globally. Bitcoin mining companies like Marathon Digital Holdings Inc. (NASDAQ: MARA) are committed to creating more sustainable Bitcoin mining operations with a goal of being 100% carbon neutral by the end of 2022. The UN Environmental Programme (“UNEP”) cites blockchain as a potential opportunity to help in environmental crises. Mark Radka, Chief of UNEP’s Energy and Climate Branch, made a statement regarding UNEP’s Emissions Gap Report 2021, stating that “The world needs to almost halve emissions over the next eight years to stay on track for a 1.5°C world, while at the same time expanding access to energy to bring hundreds of millions of people onto the grid. Blockchain technology can play a part by making possible more accurate load monitoring, generation and distribution in the grid through efficient use of data” (https://ibn.fm/U9fT7). Cryptocurrency has the opportunity to go green using carbon offsets. These are credits that a company can purchase to reduce its carbon footprint. One carbon credit is a digital certificate providing the certification that a company or environmental project has avoided carbon emissions of one tonne of CO2 or the equivalent greenhouse gas in the year it was issued. A company is considered to be “carbon neutral” if its number of carbon credits equals its carbon footprint (https://ibn.fm/9Wscs). The global voluntary carbon offsets market (carbon credit) was valued at $305.8 million in 2020. During the forecast period of 2021 to 2027, it is expected to grow at a CAGR of 11.7%, resulting in a value of $700.5 million by 2027 (https://ibn.fm/3gmgu). The market represents six primary categories of greenhouse gas emissions – carbon dioxide (“CO2”), methane (“CH4”), nitrous oxide (“N2O”), perfluorocarbons (“PFCs”), hydrofluorocarbons (“HFCs”), and sulfur hexafluoride (SF6). With cryptocurrency and blockchain technology constantly evolving and the need for sustainability to be addressed globally, the UN created the Coalition for Digital Environmental Sustainability (“CODES”) in March 2021. CODES aims to advance digital sustainability to accelerate environmentally and socially sustainable development while mitigating the risks and unintended consequences, which is crucial in meeting the goals set in place by the UN’s Sustainable Development Goals by 2030 (https://ibn.fm/FrHPt).

Flora Growth Corp. (NASDAQ: FLGC) Bolsters its Global Expansion Strategy with Cannabis Regulatory Veteran Holly Bell’s Appointment; Hosts Regulatory Webinar

  • Flora Growth has appointed regulatory veteran Holly Bell as the new Vice President of Regulatory Affairs
  • Bell will help further the company’s domestic and global expansion strategy and lead government relations in key international markets
  • She will also oversee the regulatory strategy supporting the advancement of the company’s cultivation, distribution, and pharmaceutical programs
  • Bell also participated in the first event in her new position- the Florida Industrial Hemp Conference and Exhibition held on May 20-22, 2022
In recent months, Flora Growth (NASDAQ: FLGC) has been on an aggressive international expansion plan that has seen exports to Mexico and Spain, with an established presence in the U.K. and E.U. In a move to strengthen the company’s global expansion strategy further, Flora Growth recently announced the appointment of regulatory veteran Holly Bell as the new Vice President of Regulatory Affairs. Bell will also be responsible for leading government relations in key international markets (https://ibn.fm/k8RJB). “I am excited to be working with Flora, supporting our work on the global stage, by advancing how the world views cannabis as a product and as a medicine,” she noted. “I’m looking forward to leveraging my experience launching Florida’s hemp program to help Flora improve access to some of the best wellness brands in the world. From our leadership and brand teams to our valued scientists and cultivators, every part of the Flora organization is decided to providing safe, legal, and accessible cannabis products to consumers globally,” she added. Bell has extensive experience in the cannabis sector, having worked as a cannabis consultant across the United States helping to build the infrastructure for industrial hemp programs. Most recently, she was the Florida Department of Agriculture and Consumer Services’ first Director of Cannabis. This agency fosters the creation of manufacturing, cultivation, and sales programs in the state. Through her previous positions, Bell has worked with leading regulators throughout Florida to create the first commercial hemp program in the state and develop an extensive educational series on the same program. She has also advised leading financial institutions on compliance to assist them in offering banking services to cannabis businesses. “Holly’s unique knowledge and understanding of the United States’ regulatory framework will position us to make thoughtful, educated, and bold decisions regarding strategic distribution, cultivation, and sales plans,” noted Luis Merchan, Flora Growth’s President and Chief Executive Officer. “We look forward to bringing Holly’s enterprise to our growing roster of industry standouts and working closely with governments worldwide to break down the barriers to the cannabis trade,” he added. Bell will oversee the regulatory strategy supporting the advancement of Flora’s cultivation, distribution, and pharmaceutical programs, including its regulatory submissions and interactions with government authorities worldwide. She will also work towards developing and expanding a curriculum produced in partnership with EdEx that educates university students, companies, and governments about the business of cannabis. The Florida Industrial Hemp Conference and Exhibition was Bell’s first event in her new position at Flora Growth. The event centered on advancing the industrial hemp industry in Florida and across the United States. Bell offered an overview of the state’s hemp program, which she helped leading state regulators develop (https://ibn.fm/WOqx0). The conference followed the Cannabis Regulatory Landscape webinar, where Bell, Jason Warnock, Flora Growth’s COO, and Mr. Merchan explored the nuances of working within the global cannabis regulatory framework. Discussions in the webinar included an overview of the opportunities and challenges for Flora and other cannabis companies operating in the U.S., Colombia, and other global markets, along with the importance of working closely with government entities. The other topics covered in the webinar included what to expect from crucial bills to increase accessibility and market opportunities for Flora Growth and which markets continue to show substantial promise. Bell holds a bachelor’s degree in Agricultural Economics from Purdue University and is a tenured consultant with experience working in the entertainment, cannabis, and banking spaces. 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

Nowigence Inc. (NOWG) Executive Team Embodies Key Leadership Skills as Company Introduces Comprehensive AI Management Platform

  • Vision, integrity and critical thinking are key skills for an effective executive team
  • The Nowigence executive team has garnered an estimated 80 years of experience in leading companies around the world
  • Company looking to capitalize on $20-billion-plus market opportunity with Pluaris, its cloud-based knowledge management tool
A recent Indeed article noting the top skills of an effective executive leadership team listed vision, integrity and critical thinking as among the most important (https://ibn.fm/FDaW6) — all three of which are deeply evident in the top executives at Nowigence Inc. (NOWG). Nowigence is an innovative software-as-a-service (“SaaS”) company focused on developing and bringing to market Pluaris(TM), a comprehensive, ready-to-use artificial intelligence (“AI”) platform. “Executive leaders typically focus on a business’s broader strategies and long-term goals rather than the day-to-day operations,” explained the Indeed article. “This helps them think strategically about a company’s future and create a plan, or vision, for its success. Once they’ve established these goals, they can communicate those plans persuasively to convince other members of the organization to support the vision. “Successful leaders show integrity in the workplace in various ways,” the article continued. “They answer questions honestly, take responsibility for their actions and follow through on their promises. Leaders also show respect in all their interactions, whether with employees, clients, stakeholders or other executive leaders. By demonstrating this integrity, leaders model acceptable behavior in the workplace.” Finally, the article noted the importance of critical thinking. “Leaders with developed critical-thinking skills can consider situations objectively and respond logically. They often look at a problem from multiple perspectives before deciding on the optimal solution. They consider all ideas carefully rather than making judgments based on their initial impressions. An effective executive team leads by example to show others how critical thinking can help make careful decisions that improve the quality of work.” The executive team at Nowigence embodies these and other noteworthy leadership skills and abilities. Led by founder and CEO Anoop Bhatia, the Nowigence team also includes Chief Technology Officer Gordon Haupt, VP–Financial and General Counsel David Evans, and VP of Business Development for India, SEA and MEA Uday Bawa. Collectively these savvy business leaders have garnered an estimated 80 years of experience in leading companies around the world. They bring with them a powerful vision defined by their deep experience in machine learning, signal processing and statistical data analysis, as well as starting and building businesses, reading sales environments and developing key partnerships and relationships that will foster a young company and help it grow. Each of these leaders has exemplified integrity throughout their careers, as they have worked at various organizations to fulfill responsibilities, identify strategies and reach critical goals and objectives. The critical thinking and achievement ability that each executive has demonstrated make them exemplary leaders at Nowigence, a company looking to capitalize on the $20-billion-plus market opportunity with Pluaris, its cloud-based knowledge management tool that can read, analyze and store information. The company expects to begin trading on the OTCQB platform in the next few weeks (https://ibn.fm/DWmB2). Pluaris is a proprietary, easy-to-use platform that assists users with reading and analysis of textual data (https://ibn.fm/k1SBC). The platform generates an annotated data feed based on specified topics of interest and then automatically creates a permanent personal knowledge base from a user’s feed and private uploads. The app has human-like capabilities for comprehending textual data, providing concise summaries and precise answers to questions, while also analyzing different data perspectives, discovering new connections, creating organized nested notes and allowing teams to work together by sharing in real time from anywhere in the world. Nowigence is focused on simplifying the challenges of learning, given the amount of information generated today. By integrating state-of-the-art data-processing techniques in an intuitive interface at an affordable subscription price, Pluaris puts the power of data science into the hands of consumers. For more information, visit the company’s website at www.Nowigence.com. NOTE TO INVESTORS: The latest news and updates relating to Nowigence are available in the company’s newsroom at https://ibn.fm/NOW

Correlate Infrastructure Partners Inc. (CIPI) Builds on Data Transparency Platform to Improve ESG Reporting in Renewable Energy Solutions Market

  • Correlate Infrastructure Partners Inc. (CIPI) is a developer of green energy solutions for commercial clients, playing a role in global efforts to reduce carbon emissions by improving the climate impact of buildings and other business facilities
  • CIPI’s two subsidiaries — Correlate, Inc. and Loyal Enterprises LLC (dba Solar Site Design) — provide complementary approaches to advising commercial clients on green energy solutions, developing those solutions and financing them
  • Correlate uses modern tools for data analysis that provides clients with ESG-friendly reporting capabilities that are increasingly in demand from investors and regulators
  • A recent report by the SustainAbility Institute by ERM found corporate issuers on average are spending $677,000 per year on climate-related disclosure activities and investors are spending $1.372 million on average to obtain company climate data
Innovative business world-leading magnate Elon Musk’s praise of China’s global dominance in the renewable energy and electric vehicle markets thanks to the country’s savvy acquisition of mineral resources and aggressive production quotas is providing Western nations new impetus for finding common ground with the megalithic Asian society on climate change. A report on Musk’s recent comments notes that China is the world’s largest emitter of carbon dioxide, known to be the biggest contributor to global warming, thanks to the nation’s world-leading consumption of coal, but that the country is also  the world’s leading producer of hydro, wind and solar power and that is the world’s largest seller of automobiles running on electric batteries and hydrogen fuel cells (https://ibn.fm/L4QTt). Since 2014, the relationship between China and the United States in working to reduce carbon emissions has been a centerpiece of global agreements on fighting climate devastations. While the White House distanced itself from China and climate change efforts between 2016 and 2020, the current U.S. administration has reprioritized renewable solutions (https://ibn.fm/bl2Jk). In the United States, Louisiana-based Correlate Infrastructure Partners (OTCQB: CIPI) is playing a smaller but nonetheless vital role in helping to move consumers toward green energy use with the hope of preventing catastrophic climate change. Correlate Infrastructure Partners, or CIPI for short, holds two subsidiaries that work in complementary fashion to provide consultancy on acquisitions and project development for commercial solar industry clients, and to provide development and financing resources for commercial clients looking for clean energy facility upgrades, using data analysis to establish solutions. In the process, CIPI promises to promote transparency through its data-driven approach, facilitating ESG-friendly report production. Last month, a study published by the SustainAbility Institute by ERM noted that corporate issuers on average are spending $677,000 per year on climate-related disclosure activities, primarily related to greenhouse gas analysis and disclosure ($237,000 on average), climate scenario analysis ($154,000) and internal climate risk management controls ($148,000) (https://ibn.fm/bSH9V). The survey also found that Institutional investors are spending $1.372 million on average to collect, analyze, and report climate data — primarily related to external ESG ratings, data providers and consultants ($487,000 on average), in-house, outside counsel, and proxy solicitor analysis ($405,000) and internal climate-related investment analysis ($357,000). The cost-centric data underscore the market importance of climate-related disclosures. “Customers are asking harder questions about where their products are coming from, how their services are being provided,” David Haines, the senior vice president of strategy and impact at the Clean Energy Buyers Association, stated recently in response to a CEBA report noting 2021 was a record-breaking year for renewable energy procurements (https://ibn.fm/eVI0d). “Investors are asking questions about risk, about how you’re managing your carbon. Employees are asking questions about their employers. How are we going about this?” Haines added. 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

Lexaria Bioscience Corp. (NASDAQ: LEXX) Mines Potential of Helping Medicines Do What they Do, But Better

  • Lexaria Bioscience is a global innovator in drug delivery platforms, developing a technology designed to improve the performance of other medicinal products by making them more rapidly and effectively usable by patients’ bodies
  • Lexaria’s patented DehydraTECH technology has been studied in combination with a number of other products, including but not limited to, cannabidiol (“CBD”), oral nicotine, antivirals, NSAIDs, and erectile dysfunction therapies
  • The company is pursuing FDA approval under the Investigational New Drug (“IND”) process to clinically test its DehydraTECH-CBD for the treatment of high blood pressure
  • A driving focus of the company’s R&D has been to improve the speed of onset, increase bioavailability and brain absorption of active pharmaceutical ingredients
A common refrain in the world of advertising medicinal substances is that a select product can enhance a patient’s ability to live an active life despite debilitating medical conditions. “By helping to control eczema with Dupixent you can show more (skin),” one prominent ad message declared in recent months, while another offered examples of hope by testifying, “Opdivo plus Yervoy equals a chance for more starry nights” (https://ibn.fm/iGM4Z). Drug delivery innovator Lexaria Bioscience (NASDAQ: LEXX) has found a market niche in the potential of enhancing medicines’ ability to do what they do. The company’s patented DehydraTECH(TM) technology has been tested in combination with a variety of active pharmaceutical ingredients (“APIs”), processing the drug substances through a proprietary dehydration process for rapid-absorption delivery. “Lexaria has repeatedly demonstrated that DehydraTECH-processed cannabidiol (‘CBD’) has superior delivery characteristics into the bloodstream and brain compared to generic CBD and expects to generate similar results with THC,” the company stated in regard to one set of substances last year (https://ibn.fm/0IHpA). Lexaria is pursuing U.S. Food and Drug Administration (“FDA”) approval to begin formal, registered clinical testing for using DehydraTECH-CBD to treat hypertension following a series of successful studies. “Lexaria has repeatedly demonstrated that DehydraTECH-processed nicotine has superior delivery characteristics compared to generic nicotine when dosed orally and swallowed for intestinal delivery to the bloodstream,” the company added in regard to another progressing area of R&D. “Phosphodiesterase-5 inhibitor (PDE5) drugs work using a process of vasodilation, and most are considered to be slow-acting, requiring 1-2 hours to reach peak levels in the bloodstream for maximum effectiveness,” Lexaria stated in regard to still other products treating erectile dysfunction (“ED”). “Lexaria has repeatedly evidenced a greatly reduced delivery time of another drug that encourages vasodilation – DehydraTECH CBD – and theorizes whether DehydraTECH might likewise deliver PDE5 drugs more quickly and effectively. … DehydraTECH for PDE5 drugs is patent pending.” The Company recently announced its 25th patent has been awarded for for the use of DehydraTECH technology in the enhanced delivery of antiviral drugs — its first patent to build on studies processing antivirals such as remdesivir and ebastine with DehydraTECH to fight the COVID-19/SARS-CoV-2 virus and other biosystem invaders (https://ibn.fm/kyFcV). Lexaria will commence its human oral nicotine study NIC-H22-1 this summer.  The Company is optimistic that this larger human study will produce positive findings pursuant to those evidenced in its previous 2021 subjective human testing that utilized DehydraTECH-nicotine formulations demonstrating onset of initial nicotine effectiveness in as little as 1.5 to 4 minutes after an oral dose. As the body of data regarding DehydraTECH has grown, its use in improving outcomes for a variety of conditions has generated widespread corporate optimism. “If we can sustain these results, we could be looking at mega-drug status ($1 billion per year) in the hypertension market,” CEO Chris Bunka stated last year in regard to the DehydraTECH-CBD studies (https://ibn.fm/Pon5P). “Our goal now is to put together a 4-week study, three doses per day, targeting a sustained drop in blood pressure. That could make us one of the most effective registered pharmaceutical treatments for hypertension in the world, with few if any unwanted side effects.” For more information, visit the company’s website at www.LexariaBioscience.com. NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://ibn.fm/LEXX

SiGMA Americas Summit Toronto to Foster Deeper Collaboration in the iGaming Sector as Key Legislation Passes

Operators, suppliers, affiliates, payments experts, startups, legal professionals, journalists, and leading investors, are invited to attend the SiGMA Americas summit commencing on June 6-9th 2022. The SiGMA Americas summit will be held at the Enercare Centre – Exhibition Place, Toronto, for 3 days of networking, workshops, and marquee awards shows. The highly reputed SiGMA Americas event is a gateway to the future of iGaming. The event will showcase a premier collection of the most cutting-edge products and services from key brands in a variety of industry segments, including charitable gaming, eSports, casino operators, horse racing, lotteries, and online gaming, among many more. Attendees will join targeted workshops and masterclasses and engage with industry thought leaders and professional peers to explore business development and collaborative and lead-generation opportunities in the iGaming space. The SiGMA Americas summit is uniquely positioned to provide budding entrepreneurs a strong foothold within the rapidly emerging North American sector. Moreover, the summit is the perfect avenue to cultivate meaningful, professional relationships throughout the continent with supportive legal frameworks, robust IT infrastructure, and a history of excellence in regulated gambling. The conference agenda will showcase eminent speakers in a variety of multi-faceted formats, including presentations, fireside chats, and focused talks. Key topics of discussion shall include sports betting, eSports, online affiliation and digital marketing, Web3 technologies, lottery and iGaming, and data analytics, among many others. The event offers young startups the invaluable opportunity to secure $500,000 in equity investment and mentorship from marquee investors at the SiGMA Americas Pitch. SiGMA Americas will also host networking opportunities and iGathering dinners, along with exclusive events such as the spectacular SiGMA Americas Awards Night, a networking poker tournament powered by GGPoker, the SiGMA Official Closing Party, and a Cultural Tour of Toronto. These are all priceless opportunities for attendees to interact extensively with 100+ globally renowned experts and gain a deeper understanding of the sector. Why Toronto?  The event coincides with the passing of Bill C-218, legalizing single-game sports wagering in Canada. This is a watershed development in the landscape of North American iGaming. With supportive regulations in Ontario and across the country, Toronto is poised to become a global leader in iGaming and a centerpiece of the North American region. In addition, Canada is home to Fortune 500 companies with deep financial and business roots. Toronto is the perfect hub for growth in North America, and the SiGMA Summit is perfectly placed to facilitate partnerships and foster collaboration between iGaming, sports-betting and allied sub-sectors. For more details, visit https://sigma.world/americas/

As More Companies Are Looking to Crypto-Futures, Bitcoin Mining Could Be Answer to Cutting Emissions

  • JP Morgan Chase & Co. announced growth in the cryptocurrency sector; is already using blockchain for collateral settlements for clients
  • An “Onyx by JP Morgan” lounge was recently opened in the metaverse – with the bank citing a trillion-dollar annual revenue opportunity
  • The bitcoin mining market was valued at $2285.4 million in 2021 and is expected to reach $5293.9 million by the end of 2028
  • HIVE Blockchain Technologies Ltd. is leading the way in bitcoin mining on a greener level – using hydroelectric technology for mining purposes
  • Research indicates that bitcoin mining could be used to reduce methane emissions as a whole throughw the use of bitcoin mining to combust leaking methane sources, lowering global emissions 5.32% by 2045
As technology advances, so do the capabilities of blockchain. Recently, JP Morgan Chase & Co. (NYSE: JPM) announced that as the crypto sector grows, it wants to ensure that it offers related services that support this growth. The banking company has already been using blockchain for collateral settlements – allowing clients to use a wider range of assets as collateral and trade outside of market operating hours. In addition to derivatives trading, repo trading, and securities lending, the company plans to expand on tokenized collateral, including equities, fixed income, and additional asset types. “What we’ve achieved is the friction-less transfer of collateral assets on an instantaneous basis,” the company’s Global Head of Trading Services, Ben Challice, said (https://ibn.fm/iIWmo). Embracing the future, JP Morgan opened an “Onyx by JP Morgan” lounge in the metaverse. The bank has estimated that the metaverse will be a “trillion-dollar revenue opportunity” across advertising, social commerce, digital events, hardware, and developer/creator monetization. The bank has also replaced real estate with cryptocurrencies as a preferred asset class. Tyrone Lobban, Head of JP Morgan’s Blockchain Launch and Onyx Digital Assets, explained that as the sector grows, there will be a growing set of financial activities that happen on the public blockchain, “so we want to make sure that we are able to not only support that but also be ready to provide related services.” Another company looking to help drive cryptocurrency adoption, and in a sustainable way, is HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (NASDAQ: HIVE), a green crypto mining company mining Bitcoin and Ethereum, using primarily clean and cheap hydroelectric power in Canada, Sweden, and Iceland. Companies like HIVE are creating a bridge between digital currency and blockchain, including the traditional capital markets. Global cryptocurrency mining is expanding, creating multiple opportunities for companies in the sector. According to Brandessence Market Research, the global cryptocurrency mining market was valued at $2285.4 million in 2021. Growing at a CAGR of 28.5%, the market is expected to reach $5293.9 million by the end of 2028. A primary factor driving growth across the globe is the increased demand for cryptocurrency (https://ibn.fm/Clh5n). One of the biggest concerns with bitcoin mining has been the impact on the environment. While some companies are looking to hydroelectric power, like HIVE, others are considering the benefits of bitcoin mining on methane’s impact on the environment. An ESG study on methane concluded that using bitcoin mining to combust leaking methane sources could potentially eliminate 5.32% of all global emissions by 2045. These numbers represent 23% of all global methane emissions – more than half of the UNEP’s targeted methane reduction by 45% by 2045. The study further stated that bitcoin mining has the potential to help avoid 0.15% of global warming by 2045 (https://ibn.fm/JkZVw).

EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQB: EVGIF) Poised to Execute Rapid Growth Strategy; Announces Acquisition of 50% Stake in Project Radius in Ontario

  • EverGen appears poised to deliver on its rapid growth strategy and solidify its market position within the RNG space
  • Company announced acquisition of 50% stake of Ontario’s Project Radius, following recently announced plans to acquire a 67% interest in Alberta-based GrowTec
  • Deal positions EverGen as leading RNG infrastructure platform in Canadian market
EverGen Infrastructure (TSX.V: EVGN) (OTCQB: EVGIF), a company that develops, owns, and operates projects that convert organic waste into renewable natural gas (“RNG”), appears poised for rapid growth as the green energy market heats up. “We’re a young company, but we’re establishing ourselves very quickly as one of the leaders in the space – especially in Canada,” said in a recent interview Chase Edgelow, Co-Founder and CEO of EverGen (https://ibn.fm/WYPf0). The company has recently announced the acquisition of a 50% stake in Ontario’s Project Radius, a move that catapults EverGen into a whole new stratosphere of growth as the leading RNG infrastructure platform in its domicile Canadian market (https://ibn.fm/352PK). The company is forging ahead, eyeing opportunities to expand its market presence both internationally and in Canada. Poised to become a leading player in the burgeoning RNG space, EverGen aims to deliver on its aggressive growth strategy. Following the letter of intent to acquire a 67% interest in Alberta-based GrowTec that was announced in March, the company continues to eye compelling market opportunities to capitalize on the booming RNG market. EverGen announced that on May 20, 2022, it entered into definitive agreements with Northeast Renewables LP to acquire a 50% interest in Ontario-based Project Radius for a cash contribution of $1.5 million. As a result, EverGen now boasts a unique market position as the leading RNG infrastructure platform in Canada, with a presence in three of the four largest Canadian jurisdictions with plans to expand further. As a late-development-stage portfolio of three high-quality, on-farm RNG projects, Project Radius is in late-stage negotiations for feedstock supply with multiple aggregators, as well as offtake agreements with utility-scale distribution companies. The deal is expected to advance the projects to the Notice-to-Proceed development phase within the next six months. The investment, which represents 50% of the initial development funding tranche of $3.0 million, is financed from EverGen’s existing working capital and operating cash flow. “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. The move comes against the backdrop of a rapidly expanding renewable energy market, with Canadian utilities increasingly keen to embrace the RNG energy trend. For example, in British Columbia, EverGen’s home jurisdiction, FortisBC leads the field with its 20-year contracted offtakes to companies like EverGen to supply green energy. Partnerships like this provide certainty for the company’s business, allowing it to continue to expand its project pipeline. 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

SPYR Inc. (SPYR) Seeks to Build Shareholder Value Through IoT Ecosystem Acquisitions, Router Product Development

  • Internet of Things (“IoT”) technology holding company SPYR Inc. is invested in developing Apple(TM) ecosystem-focused products through its subsidiary Applied Magix — some as own-brand accessories and others as white label items for the Apple HomeKit(TM) market
  • Applied Magix recently announced it is evaluating the potential of developing HomeKit Secure Routers to strengthen its overall product offerings
  • Applied Magix is contemplating the expansion of its product distribution to international markets as well, beginning with Hong Kong, where it has a representative office
  • SPYR is also looking for ways to expand the holding company, commencing with preliminary talks on the acquisition of a proprietary lighting technologies developer and a proprietary high-value asset tracking technologies developer
Two years after Singapore launched a national Cybersecurity Labelling Scheme that helps buyers gauge how secure smart devices are against cyber risks, a growing number of company product applications demonstrates the importance consumers are placing on security for their growing cache of Internet of Things (“IoT”) innovations (https://ibn.fm/SMg9B). The government program is also attracting international attention as agencies worldwide continue to see their oversight of modern technology security evolve. A draft report by the U.S. Department of Commerce’s National Institute of Standards and Technology analyzed diverse approaches to cybersecurity for IoT devices as remote-work corporate strategies increased during the pandemic, noting that consumer sources for product confidence range from reports of other users’ experiences to reporting by consumer groups, manufacturer-generated labels and hopes that the government will regulate the accuracy of those labels (https://ibn.fm/5OfBy). Wireless routers serve as a fundamental building block of home and business networks, and a compromised router represents a major security problem because it can provide a gateway for malware to breach a network. IoT technology developer SPYR (OTCQB: SPYR) is devoted to building an ecosystem of Apple-compatible products through its subsidiary Applied Magix, establishing white label products and accessories for the Apple HomeKit(TM) market in addition to its own-brand products. Acknowledging the importance of router security for smart home IoT products, Applied Magix announced recently that it is considering developing HomeKit Secure Routers — evaluating various router products to use as the foundation for a branded HomeKit Secure Router, but also looking at the possibilities of reselling “best-of-breed OEM products until then,” as Applied Magix CEO Harald Zink stated in the announcement (https://ibn.fm/2HMYS). “This is the sort of forward thinking that I have come to expect from Applied Magix,” SPYR Technologies CEO Tim Matula added. “Applied Magix has quickly become the foundation on which SPYR can rely to develop and deliver essential smart home products to a hungry market.” Applied Magix is ambitious about expanding its operations to international markets. The company has a representative office in Hong Kong and is evaluating opportunities to expand the reach of its smart home and connected car products to Latin America, Central Europe and Thailand. As part of its growth strategy for 2022, SPYR is also in preliminary discussions with a popular industrial lighting developer and an asset tracking software-hardware platform developer that serves the construction, agriculture, asset management, police, defense, energy and cold-chain industries — both of which have been identified as potential acquisition targets that would boost SPYR’s IoT division and have a positive effect on its holdings. “Over the past year, we have been actively exploring expansion of the holding company for the benefit of our shareholders, and I believe these two opportunities are very attractive and will, assuming we complete the acquisitions, contribute to the overall business development and profitability of the Company for the benefit of our shareholders,” Matula stated (https://ibn.fm/wPAkE). For more information, visit the company’s website at www.Spyr.com. NOTE TO INVESTORS: The latest news and updates relating to SPYR are available in the company’s newsroom at https://ibn.fm/SPYR

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