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No Debt and a Lot of Money Sets Golden Matrix Group Inc. (NASDAQ: GMGI) Apart as It Sets Sights on ESports Too

  • GMGI a standout differentiated in Benzinga’s Listmakers Series: ESports
  • Golden Matrix will be launching a new P2P ESports betting platformd
  • GMGI is eyeing new accretive acquisitions to extend its string of nearly 4 years of consecutive profitable quarters
Companies are usually willing to open their bank accounts for naming rights. For instance, FedEx is paying $7.5 million per year to have their name on the home field of the Washington Commanders. New tech brands are changing the game. In November 2021, Crypto.com agreed to pay $700 million to see the iconic Staples Center re-branded as Crypto.com Center for the next 20 years ($35 million/year). At the outset of Benzinga’s Listmakers Series: ESports, held June 22, 2022 featuring Golden Matrix Group (NASDAQ: GMGI), United Esports, and other heavy hitters in digital gaming, the event opened with a discussion on industry momentum that included cryptocurrency exchange FTX shelling out $210 million for the naming rights to esports organization TSM for the next 10 years. That’s nearly three times as much FTX pays each year for naming rights to the home arena for the Miami Heat of the National Basketball Association. Welcome to the digital revolution and the emergence of electronic sports into North America. Golden Matrix Group is differentiated from most companies involved in the conference insomuch that it is not an ESports team. Rather it is a leading provider of turnkey and white label gaming platforms, including Esports technology and gaming content. Golden Matrix built a name for itself with its business-to-business (“B2B”) platform, comprised of its GM-X system and the recently successful launched new GMX-Ag (aggregate) platform regarded as the industry standard, granting access to over 10,000 games from more than 25 game providers. The Las Vegas-based company is an expert in player loyalty, which allows operators to control churn and generate additional revenue from an existing player, rather than increasing expenses for new player acquisition. As of the end of the second quarter, GMGI supports over 635 unique casino operations and over 6.5 registered million players. Late in 2021, GMGI made its initial foray into the business-to-consumer (“B2C”) marketplace, with the acquisition of 80% of Ireland-based contest operator RKings. RKings owns and operates raffles for participants in Ireland and the United Kingdom. Contest prizes are frequently for big ticket items, such as automobiles, boats, exotic vacations, and more. In March, GMGI applied for a permit to operate the contests in Mexico, the next leg in international expansion for the RKings platform. With a bit of a chuckle during an interview with Benzinga’s Zunaid Suleman, Golden Matrix Group CEO Brian Goodman effectively said, “Let’s call it what it is; we’re a ‘gambling’ company, not a ‘gaming’ company.” In industry nomenclature, it is generally considered PC to not say “gambling,” even when talking about online casino games or betting on game outcomes. There are many reasons for that, including strict regulations on what is indeed a game of skill versus a game of chance and geolocation factors regarding where licenses are mandatory for operations. Goodman has been a popular figure lately, also interviewed on the latest episode the Bell2Bell podcast. There is growing choir of voices about the future of ESports gambling, but, as Goodman discusses with Suleman, there are a lot of nuances to keeping bets fair and an honest marketplace. For now, his company has built out a system for peer-to-peer (“P2P”) betting system along with some built-in games for ESports players that will be launching soon. P2P betting is legal throughout the U.S., although there are considerations for money transfers under the Wire Act that must be followed. P2P has been trumpeted for its massive potential to eliminate the “house” and creating wager unlimited wager scenarios so that bettors don’t feel like the deck is always stacked in the house’s favor. That will be a solid addition to a company that has graduated from the OTC Pink Sheets to OTCQX Best Market to NASDAQ Capital Markets in about 9 months. While many companies languished through the COVID-19 pandemic, GMGI maintained its string of profitability, which has now been extended to 15 straight quarters. From beginning of this fiscal year, the company began realizing the benefits of the RKings acquisition, which further bolstered the top and bottom lines. Revenue for the quarter ended April 30, 2022, was $8.48 million, up 221% from $2.64 million in the year prior quarter. Net income was $586,984, a gain of 359% from $127,986 in a same period a year earlier. Shareholders’ equity of GMGI of rose 37% year-over-year to $26 million from $18.93 million. The company has no debt and finished the quarter with cash and cash equivalents of $15.81 million. “We’re rolling out some new operators every week…what we’ve told the market already is that the core business will continue to grow, but we will also acquire some accretive profitable businesses in a similar line to what we do,” said Goodman. He opined that he is hopeful the company will make some acquisitions in the coming months to scale the business. “We’ve always returned value to shareholders, and we continue to grow every quarter. We don’t burn money. We’re a solid investment for people who want to get in and ride along with something that is growing,” Goodman added. 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

Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF) (FRA: 6BC0) Set to Meet 2022 Revenue Target

  • In 2021, Eat Well acquired Belle Pulses Ltd. Sapientia Technologies Inc. and a 51% stake at Amara Organic Foods
  • These acquisitions saw a 1,082% growth in the company’s assets for the 2021 financial year and a 320% revenue growth for Amara
  • With the plant-based foods market projected to be valued at $162 billion by 2030, Eat Well expects to capitalize on this growth through M&As and strategic partnerships with key players in the industry
  • Eat Well is confident that with the foundation laid down so far, it is poised to achieve $100 million in revenue for 2022
At the close of the 2021 calendar year, Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) (FRA: 6BC0) was regarded as “One to Watch.”  This mainly stemmed from its aggressive market expansion plans, vertical integration, and the bolstering of its leadership (https://ibn.fm/tFGDP). Over the course of the year, Eat Well proved how well its management was at sourcing, financing, and building successful companies. Together, these individuals had financed and invested in early-stage venture companies for over 25 years. The experience would allow Eat Well to acquire Belle Pulses Ltd., 100% of Sapientia Technologies Inc., and 51% shares at Amara Organic Foods. Consequently, the acquisitions would see the addition of revenue channels for Eat Well, setting the company on the road to targeting approximately $100 million in revenue for the 2022 financial year. On June 10, 2022, Eat Well released its fourth-quarter and full-year financial results for 2021, marking a 1,082% growth in assets from the previous year. Amara would post the highest revenue growth at 320% from 2020, mainly influenced by its “toddler melts” product launch across North American retail. Given its performance, Eat Well’s management expressed its optimism for 2022, citing the growth of the plant-based foods market and how well-positioned its portfolio companies are to take advantage of this growth (https://ibn.fm/UKidY). “We have laid a strong foundation within the Eat Well Group investment platform, and we are very enthusiastic about the trajectory of our portfolio,” noted Marc Aneed, Eat Well’s Director, President, and Chief Executive Officer (“CEO”). “Our portfolio companies are well positioned to capture global pulse demand and accelerate the scale of their better-for-you consumer products for years to come,” he added. It is projected that the plant-based foods market will comprise up to 7.7% of the global protein market by 2030, valued at $162 billion, up from $29.4 billion in 2020. Many analysts have even likened the food tech market to the early days of the internet in that plant-based foods represent a worldwide secular trend of steady growth and potential that will revolutionize how society functions and people experience nutrition. Through Eat Well’s aggressive yet strategic merger and acquisition (“M&A”) transactions, the company is positioning itself to take advantage of this shift in consumer preference and the growing plant-based industry. As of December 2021, Amara’s revenues had grown by over 400% since the beginning of the year, drawing media coverage from outlets such as TechCrunch and Forbes and highlighting the tremendous potential for growth for Eat Well Investment Group. Today, Eat Well supplies big companies such as Beyond Meat, Nestle, Ingredion, and General Mills, among others. As time progresses, it looks to strengthen its distribution network and its relationship with strategic partners to create value for its shareholders with its projected $100 million revenue target for 2022. 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

New Agreements Signed Between Lexaria Bioscience Corp. (NASDAQ: LEXX) and BevNology LLC; Pre-IND Meeting Request Filed with FDA

  • The two companies signed a manufacturing operating agreement and a commercial agreement
  • Lexaria sent a pre-IND meeting request letter to the US FDA and plans to file the full IND application in late 2022/early 2023
  • The FDA has acknowledged Lexaria’s pre-IND request and responded with conditions prior to the target date of July 30, 2022
Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, has recently announced signing two agreements with BevNology LLC, the product and development arm of InterContinental Beverage Capital (“IBC”), operating its state-of-the-art lab and manufacturing facility just outside of Atlanta, Georgia. This announcement only furthers Lexaria’s leverage of the market, with the company’s patented DehydraTECH(TM) technology having already been embraced by several consumer packaged goods brands, with availability in over 7,000 stores throughout the United States and Japan, including direct-to-consumer online retail portals (https://ibn.fm/gLQzN). The manufacturing operating agreement expands the production capabilities of Lexaria’s growing list of business-to-business clientele interested in purchasing DehydraTECH-powered active ingredients for packaged-goods brands. The new, state-of-the-art processing facility built by BevNology is operational, increasing and broadening production capabilities. This facility is currently serving Lexaria’s corporate clientele, with new equipment specific to DehydraTECH already installed. The second agreement is a commercial license, empowering BevNology to offer the DehydraTECH products with active ingredients derived from hemp, including cannabidiol (“CBD”), under BevNology and partnered brands. The agreement is non-exclusive for powdered DehydraTECH formulations. For liquid formulations, the non-exclusivity is limited in the United States only, requiring certain minimum fee payments to maintain rights. Lexaria will receive royalties from BevNology for the utilization under this license, with exclusion only affecting Japan, the Republic of Korea, and the People’s Republic of China. “These agreements build on a long-standing and very successful product development consulting relationship between Lexaria and the expert scientists and personnel at BevNology.” Lexaria CEO Chris Bunka said. “BevNology’s formulation and production capabilities are class leading, and we are confident that our new relationship with our trusted partner will propel new and exciting growth opportunities for both companies.” In other recent news, Lexaria has filed its pre-IND meeting request letter with the United States Food and Drug Administration (“FDA”) to initiate communication with the FDA regarding Lexaria’s development of the company’s DehydraTECH-CBD for potential hypertension treatment. The FDA has responded to and confirmed the company’s letter, with a target date of July 30, 2022, and disclosed the conditions in which Lexaria must meet prior to the meeting. Lexaria anticipates filing the full IND application in late 2022/early 2023 (https://ibn.fm/MpKmr). “We are excited to take this important first regulatory step with the FDA for the development of our DehydraTECH-CBD for the treatment of hypertension,” stated John Docherty, President of Lexaria. “Submission of this request letter initiates formal communication with the FDA regarding our IND clinical trial plans in order to help define the critical path for clinical development and marketing approval of our potentially very significant new hypertension therapeutic.” The hypertension treatment market is valued at approximately $28 billion per year and is expected to grow as one of the world’s top health problems as a subset of a larger heart disease market (https://ibn.fm/sIjQJ). There are over 1.1 billion people in the world suffering from hypertension, with fewer than 1 in 4 having successful control over it. The potential market size increases if an affordable drug were available with few or no side effects. Some reports indicate drugs for hypertension and related conditions are among the highest-selling category of drugs in the world (https://ibn.fm/oAxXN). 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

Odyssey Health, Inc. (ODYY) Taps Military Advisors to Address Target Market for PRV-002 Concussion Drug

  • Odyssey Health is a medical company focused on developing medical products for conditions with unmet needs, one of which is concussion
  • Currently, concussions do not have an FDA-approved treatment
  • Soldiers form a significant population of people who frequently experience multiple concussions throughout their career
  • Concussion has only recently received greater attention as different parties seek to understand the condition and possible treatments
  • Odyssey is at the forefront of this pursuit for treatment and has developed the PRV-002 drug candidate that it intends to use on the military as part of a Phase II clinical trial
  • The company announced the formation of a Military Advisory Board to help in this journey
According to a study by the Business Development Bank of Canada (“BDC”), 86% of businesses with an advisory board say it has had a substantial impact on their operations. In addition, the study showed that companies with an advisory board witnessed 24% higher annual sales and 18% higher productivity than businesses without one (https://ibn.fm/K437C). Looking to tap into these favorable statistics as well as to better understand one of its important target markets, the military, Odyssey Health (OTC: ODYY), a medical company focused on unique, life-saving medical products that offer clinical advantages to conditions with unmet needs, announced the formation of a Military Advisory Board (https://ibn.fm/LJwwD). The board, which comprises associated military contacts (retired members of the U.S. armed forces who previously held leadership positions), was formed to gain experience and information that will provide crucial insights into traumatic brain injuries (“TBI”) and their effects on those who sustain TBI. “TBI in general, and mild TBI in particular, is considered a ‘silent epidemic’ because many of the acute and enduring alterations in cognitive, motor, and somatosensory functions may not be readily apparent to external observers,” an article published in the National Institutes of Health (“NIH”)’s National Library of Medicine website reads (https://ibn.fm/0P7nE). The article goes on to note that approximately 80% of all TBI cases are categorized as mild (“mTBI”). Still, these approximations are considered underestimates “because they do not account for incidents of TBI in which the person does not seek medical care.” Concussions are frequent in contact sports, with soldiers making up another significant proportion of people who frequently sustain these injuries multiple times over their careers. Latest statistics show that over 430,000 U.S. service members were diagnosed with a TBI from 2000 to 2020 (https://ibn.fm/OpnXq), with 75-83% of these cases having been categorized as mild (“mTBI”) (https://ibn.fm/PhTRQ). In addition, one analysis notes that one in six soldiers returning from deployment in Iraq met the criteria for concussion. For a long time, however, concussions did not receive the necessary urgency and attention to understand the underlying mechanisms of mild brain trauma and device potential therapeutic interventions. In fact, a New York Times article notes, many soldiers used to shrug off ailments that began following blasts – headaches, dizzy spells, numbness in their arms, dehydration, fatigue, and persistent ringing in their ears – only to later develop even more severe symptoms a few years after the explosions (https://ibn.fm/Lm1dd). But Odyssey is now spearheading efforts to understand the condition and develop treatments for concussion, which until now, does not have an FDA-approved drug. Odyssey is developing the PRV-002, a novel compound for the treatment of concussion. The drug is currently undergoing evaluations as part of a Phase I clinical trial. Upon completing the Phase 1 trial, presenting its findings to the FDA for review, and after receiving positive feedback, Odyssey intends to initiate a Phase II clinical trial in the U.S., starting with the military. This is where the Military Advisory Board will play a crucial role. The board comprises Major General USA (r) and Former Chief of Staff USSOCOM James Linder, Commanding General U.S. Army Special Operations Command (r) Francis Beaudette, Lieutenant Colonel (r) Paul Toolan, and Vice Admiral (r) Timothy Szymanski, leaders who understand firsthand the consequences of TBI on the battlefield as well as its impacts on retired and separated service members. They equally recognize the role leaders at all levels have to play to protect the comprehensive brain health of their soldiers and the underlying need to passionately and aggressively pursue treatment. “Too many service members and veterans are suffering from post-concussive events, while their families are suffering as they watch and provide care. There remains an urgent need for a concussion treatment at the point of injury that immediately treats the initial injury, speeds recovery, and potentially diminishes its long-term effects. We are obligated to pursue treatments that improve a service member’s, and their families’, well-being through their service commitment and beyond,” commented Vice Admiral (r) Timothy Szymanski (https://ibn.fm/hHCeO). For more information, visit the company’s website at https://odysseygi.com/. NOTE TO INVESTORS: The latest news and updates relating to ODYY are available in the company’s newsroom at https://ibn.fm/ODYY

Home Bistro Inc. (HBIS) Sees Triple-Digit Revenue Growth, Success in Meal-Delivery Platform

  • The company’s latest financial report shows a record revenue increase of 127%
  • Company anticipates continued record top-line growth
  • HBIS is making significant strides in efforts to increase its gross profit margin, decrease operating expenses to close the gap to profitability; positive earnings are expected in 2023
The market for online meal delivery is booming, as evidenced by triple-digit revenue growth reported by Home Bistro (OTC: HBIS), a leading online meal-delivery platform that offers exclusive celebrity chef-inspired, gourmet and lifestyle ready-made meals. The company’s latest financial report shows a record revenue increase of 127% over the same period the year before (https://ibn.fm/FqHzP). “With more chefs coming online earlier this fiscal year, we are continuing to see record top line growth,” stated Home Bistro CEO Zalmi Duchman. “As I have previously stated, our goal is to continue growing our revenue at a significant rate while eyeing profitability by 2023. To this end, over the past few months we have been taking significant steps to increase our profit margin and considerably decrease our general and administrative expenses.” HBIS released Q2 2022 financial information for the quarter ended April 30, 2022, including revenue highlights and an update on the company’s focus on strategic financial management. The report shows that product sales for the quarter increased 127% to $743,263, compared to revenues of $328,024 for the same period in 2021. The company noted that the increase was linked to its integration of the Model Meals brand along with consistent product sales from celebrity chefs Cat Cora and Daina Falk and the launch of Claudia Sandoval and Richard Blais. The company has also made significant efforts to control operating expenses and net loss. “In order to accomplish this, we have undertaken multiple initiatives,” said Duchman. “First, we have significantly reduced minimum guaranteed royalty payments to new celebrity chefs, and older, more costly guaranteed deals will begin to expire in 2023.” The company anticipates adding three more celebrity chefs and two add-on partnership offerings in the coming weeks. In addition, Duchman noted that the company is taking steps to reduce its product costs and retail prices, which will have a positive net effect on gross margin. Finally, “our recently announced collaboration with public relations firm Alab Group should benefit us by offsetting more expensive online advertising costs with a less costly but equally, if not more effective, influencer-based strategy,” he said. “We have grown as a publicly traded company over the past several years, and as we continue to work toward a potential Nasdaq uplisting, we will be significantly less reliant on costly external consultants and other professional service providers,” he continued. “Lastly, having just launched our subscription-based Model Meals program, we believe we can experience a much smoother path to a recurring revenue model, which we also plan to introduce for our Home Bistro and celebrity-chef brands in the near future.” Home Bistro is a leading online platform that provides for the creation, production and distribution of direct-to-consumer, heat-to-eat, celebrity-chef-inspired gourmet meals. Current HBIS offerings ceom from Iron Chef Cat Cora, Ayesha Curry, Hungry Fan Chef Daina Falk, Master Chef Claudia Sandoval, Top-Chef All-Star Richard Blais, and celebrity pastry and dessert chef Melanie Moss; celebrity chefs Roblé Ali and Priyanka Naik are set to add their selections soon. Home Bistro’s Model Meals lifestyle brand is a Whole30 and Paleo approved, ready-to-eat, meal-prep service, offering a weekly rotating menu that is prepared by professional chefs, using only the highest-quality ingredients available, sourced responsibly and locally, and delivered in sustainable, ecofriendly packaging. For more information, visit the company’s website at www.HomeBistro.com. NOTE TO INVESTORS: The latest news and updates relating to HBIS are available in the company’s newsroom at https://ibn.fm/HBIS

Sycamore Entertainment Group Inc. (SEGI) Is ‘One to Watch’

  • Sycamore Entertainment Group Inc., through subsidiary SEGI.TV, offers a streaming experience built on the pillars of equality, sustainability and community
  • SEGI.TV is scheduled to reach 100 million U.S. household televisions and 200 million mobile devices through Roku, Amazon Fire TV, Apple TV, Samsung Smart TV and others
  • Sycamore has entered sponsorship agreements for multiple motorsports events in an effort to connect with global influencers and build brand awareness
  • Ad-supported video on demand revenues are predicted to more than double between 2018 and 2024 to reach $56 billion across 138 countries
Sycamore Entertainment Group (OTC: SEGI) is a diversified entertainment company specializing in the acquisition, marketing and worldwide distribution of quality finished feature-length motion pictures. Through wholly owned subsidiary SEGI.TV, the company offers a streaming experience built on the pillars of equality, sustainability and community. SEGI.TV taps into the changing cultural environment, offering movies and television programming for a diverse audience – all without a subscription fee. SEGI.TV Launched in late 2020, SEGI.TV is scheduled to reach 100 million U.S. household televisions and 200 million mobile devices through Roku, Amazon Fire TV, Apple TV, Samsung Smart TV and others. The OTT streaming network operates via an ad-supported video on demand (“AVOD”) model, allowing Sycamore to control revenue growth by negotiating rates with advertisers as its userbase continues to expand. The company expects this AVOD model to help SEGI.TV more efficiently grow its market share while avoiding direct competition with subscription service players such as Netflix and Hulu. Other industry players who have leveraged and grown through the ad-based revenue model include Tubi (33 million monthly users, acquired by Fox), YouTube (2 billion monthly users, acquired by Google) and Pluto TV (28 million monthly users, acquired by NBC/Viacom). SEGI.TV lives up to its brand promise of inclusion, equality and community by: Attracting Original/Hard-to-Find Content SEGI.TV features uplifting content aimed at helping its users tap into the changing cultural environment, including movies, TV and sporting events, and the company continues to seek-out new and engaging programming. On March 19, 2022, SEGI.TV streamed the long-awaited grudge match between Hafthor Bjornsson and Eddie Hall, former World’s Strongest Men. Deemed ‘The Heaviest Boxing Match in History’, the bout was available to watch in just two clicks for free, without any time-specific trials, paywalled content or sneaky subscriptions. In speaking about the match, Sycamore CEO Edward Sylvan stated, “With live streaming sports revenues expected to quadruple by 2028, we at SEGI.TV are uniquely positioned to capitalize on this new ad supported model.” Making Inroads with New Users As consumers continue to shift away from traditional cable and satellite toward OTT streaming, existing options are divided into two primary categories – ad-supported and premium. While industry giants like Netflix, Disney and Apple target customers with non-ad-supported options, SEGI.TV’s AVOD model positions it as a solid alternative for individuals who are reluctant to commit to a subscription-based platform. Increasing Viewership through Branding and Awareness Sycamore has entered sponsorship agreements for multiple motorsports events in an effort to connect with global influencers and build brand awareness.
  • SEGI.TV sponsored the No. 10 Dallara-Honda of Alex Palou when he took the checkered flag, winning the Honda Indy Grand Prix of Alabama at Barber Motorsports Park.
  • SEGI.TV sponsored the No. 50 car of Floyd Mayweather’s TMT Racing for NASCAR’s Coca-Cola 600 at Charlotte Motor Speedway.
  • SEGI.TV sponsored the No. 99 SEGI.TV GMC HUMMER EV.R in the Extreme E all-electric global racing series, which focuses on bringing awareness to environmental and equality issues worldwide.
  • SEGI.TV has the North American broadcast right to the all-electric eSkootr Championship
Market Opportunity The gradual move away from traditional cable and satellite TV subscriptions in the U.S. and around the world has created an opportunity for streaming companies to capitalize. According to data from Statista, the number of pay TV households in the U.S. declined from a peak of 100.5 million in 2014 to roughly 73 million in 2021. Likewise, pay TV revenue in the U.S. decreased from $104 billion in 2015 to $74 billion in 2021. The loss for cable and satellite providers has corresponded with a boom for video-on-demand services. Subscription video-on-demand (“SVOD”) revenue in the U.S. reached $25 billion in 2021. According to Digital TV Research, AVOD revenues are predicted to more than double between 2018 and 2024 to reach $56 billion across 138 countries. Even SVOD mainstay Netflix is exploring AVOD as a way to combat declining subscription numbers. As Sycamore continues to expand SEGI.TV with new, unique and eventually premium content, it is uniquely positioned to benefit from this industry trend. Through its FAST (Free Ad-Supported TV) channels, SEGI.TV positions Sycamore as one of only a handful of publicly traded, pure play companies operating in the space. In an October 2021 report, Variety called FAST “the latest avenue for established media and entertainment companies,” and recent moves by entertainment mainstays support this notion. In April 2022, Amazon rebranded its FAST-focused AVOD service to Amazon Freevee and highlighted the rapid growth of the platform, which has tripled its monthly active users. “Advertising video-on-demand (‘AVOD’) and free ad-supported TV (‘FAST’) channels are the biggest winners of the Streaming Wars, we believe, because ‘free’ always has the largest TAM (total addressable market),” Laura Martin, an analyst with equity research firm Needham, said in a recent note to clients. Management Team Edward Sylvan is the CEO and Co-Founder of Sycamore. He has more than 30 years’ experience in the financial service and banking industry. His banking expertise helped cultivate more than 20 years of entertainment industry relationships. Terry Sylvan is the company’s CMO and Co-Founder. He brings to Sycamore more than 25 years of marketing and advertising experience, from global brand assignments to film marketing. For more information, visit the company’s website at www.SycamoreEntertainment.com. NOTE TO INVESTORS: The latest news and updates relating to SEGI are available in the company’s newsroom at https://ibn.fm/SEGI

NFT Expoverse Draws Massive Interest and Coverage From All Spheres

Enthusiasts, entrepreneurs, and the curious about industries involved with crypto, arts, music, tech, esports, and more are all invited to attend NFT Expoverse. This event will be held in Los Angeles, California from the July 29-31, 2022. While 2021 proved a turning point for the blockchain space, interest in blockchain technologies and NFTs seem to be increasing even more rapidly in 2022, making it a perfect year for an event like NFT Expoverse. The city of Los Angeles is perfect for this conference as it’s a historical melting point of culture, technology, and recreation. The event will gather some of the industry’s most sought-out speakers, all of whom will share their insights obtained from their own personal experiences in the field. Attendees will come out as experts themselves by the end of the event! All of NFT Expoverse’s participants can learn, connect with peers, seek guidance, build long-term business ties with their mentors, and conduct business with top-rated brands. This event is the complete package for enthusiasts and beginners, allowing them to dive into all things web3, cryptocurrency, NFT markets, and metaverse experiences. Blockchain technologies are opening up a world of possibilities, among them the ability to mint what is known as NFTs (Non-fungible tokens). These blockchain based tokens represent unique digital assets like art, music, videos, and gaming items. NFTs are encrypted with the creator’s signature and use blockchain software to verify the ownership and originality of the assets. That being said, tons of creators from around the globe are now preparing for an exciting opportunity to elevate their careers at NFT Expoverse. Brands can leverage NFT Expoverse’s opportunities by bringing their products and services to the forefront as exhibitors throughout the event. This will allow them to connect with potential investors and engage with the audience in real life. “NFT Expoverse gives everyone the chance to connect in person, ask their questions in real-time, and take part in experiences they won’t be able to have over a Zoom. This event is extremely unique as it caters to attendees like my parents (the curious) all the way to those already established in this industry (the creators) and everyone in between.” Nicole Beiner, Marketing Director of NFT Expoverse. The team behind NFT Expoverse wants to ensure a one-of-a-kind experience by having unique immersive experiences, an NFT art gallery, VIP experiences, and much more. Additionally, this event is being held by a company called ZJ Events, which has an extensive background in creating unique trade show experiences in alternative industries. Those who purchase their tickets early on will get access to special offers. Plus, they have partnered with several hotels nearby the venue to make your visit even smoother. Attendees will have access to refreshments and a networking break, in addition to speaking sessions and hundreds of exhibits. The icing on the cake is that after the immersive sessions are over, participants can enjoy NFT Expoverse’s official after party! To get tickets, please visit https://nftexpoverse.com.

Zacks Report Highlights Flora Growth Corp. (NASDAQ: FLGC) Aspiring to Benefit from First Mover Advantage in Multiple Cannabis Market Categories

  • Flora’s 2021 acquisitions allowed it to expand its operations beyond North America and into Europe
  • Acquisitions have also contributed to 450% YOY revenue growth for Q1 2022
  • Its management is confident that the foundation laid down so far will yield growth for 2022 and subsequent financial years
  • Flora has also reiterated 2022 revenue guidance of $35 million to $45 million
2021 was an excellent year for Flora Growth (NASDAQ: FLGC). According to a recent research report from Zacks (https://ibn.fm/xnXve), the company possesses a number of important qualities pointing to continued significant growth following a strong 2021. Flora Growth management even regarded the past year as “transformational,” particularly following the closing of supplier, vendor, and distribution agreements that would see the company expand its operations, market reach, and product line. With the progress made by the company so far, it is looking to benefit from a first-mover advantage in multiple market categories in terms of increased value for its shareholders, a higher market share, and increased revenue going forward. The report went on to talk about 2021’s acquisition of Vessel Brand, Inc., a move that allowed the company to establish a foothold in the United States cannabis accessories business while improving its e-commerce capabilities. The year would also see the construction of an all-outdoor cultivation and on-site extraction facility in Colombia, one of the largest traditional flower exporters in the world and now able to export cannabis flowers. Such moves position Flora to take advantage of the potential of the marijuana industry, particularly the medical marijuana sector. According to a report from Grand View Research, the global medical marijuana market size was valued at USD 11.0 billion in 2021 and is projected to expand at a compound annual growth rate (“CAGR”) of 21.6% from 2022 to 2030 (https://ibn.fm/orzCj). Through its acquisitions, Flora has expanded its operations beyond North America and into Europe. The company’s investment in Hoshi International, for instance, opened it to the European Union (“EU”), allowing it to expand its global footprint that would further spread to Hong Kong, Latin America, and Israel. The report also pointed out Flora’s Life Sciences pillar, one of its three key pillars of growth, focused on providing scientific-based research associated with cannabis. The other two pillars include Commercial and Wholesale and House of Brands. The company believes that, while offering the products in its portfolio is critical, educating consumers and potential customers is of the essence if the conversation around cannabis is to be advanced. Therefore, Flora remains committed to creating educational platforms and conducting research studies and clinical trials to develop plant-based, medical-grade pharmaceuticals, phytotherapeutics, and dietary supplements. Through its acquisitions and growing distribution network, Flora was able to post a 450% year-over-year revenue growth for the first quarter of the 2022 financial year. As a result, its management is confident that, for the entire fiscal year, the company will post between $35 million and $45 million in revenue. This will be significantly influenced by the JustCBD acquisition, the awarding of an export quota for 43.6 tons of high-THC cannabis in Colombia, and the successful completion of the requisite steps to allow for the commercial planting and export of psychoactive cannabis. Flora looks to reach cash flow breakeven as revenue continues to ramp, having closed the 2021 fiscal year with about $37.6 million in cash and a $21.4 million loss. 2021 was its first full year of revenue. Still, the company anticipates accelerating revenue growth in 2022 as it activates its Wholesale and Life Sciences growth units while simultaneously fueling expansion in the global House of Brands. Flora is aggressively pushing its brand and advancing the conversation around cannabis. In addition, with its able management, Flora is recognizing and capitalizing on opportunities that others are yet to identify, placing it in a unique position that not only gives it a first-mover advantage, but also presents a unique opportunity for growth. The full Zacks Small-Cap Research Report is available at https://ibn.fm/xnXve. 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

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Leveraging Lightning Network to Spread Bitcoin Awareness Through Worldwide Channel Access

  • The Lightning Network capacity is US $82,800,210
  • LQwD’s longest running node is US-West, with a capacity of 5.74404405 BTC/ 574,404,405 sat/ US $117,517.28, a channel count of 107, and a node count of 106
  • LQwD has a total of 17 active nodes worldwide on the Lightning Network
  • The global cryptocurrency market was valued at US $1.49 billion and is expected to reach US $4.94 billion by 2030
Five years ago, on May 10, 2017, Christian Decker of Blockstream made the first non-test transaction on the Lightning Network. The transaction, conducted in Litecoin, was settled within one second. Today, the Lightning Network has grown on a massive scale, with over 17,000 nodes and almost 85,000 channels. The Network’s capacity, as of June 23, 2022, was US $82,800,210. LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption, has invested its own reserves in enhancing the experience of the Lightning Network. In November 2021, LQwD launched its first node and proprietary platform as a service offering (“PaaS”), https://lqwd.tech/, to the public. As LQwD’s longest operational node, US-West has a capacity of 5.74404405 BTC/ 574,404,405 sat/ US $117,517.28, a channel count of 107, and a node count of 106. A satoshi (“sat”) is the smallest measurable unit of BTC, equal to 0.00000001 BTC, and is named after Bitcoin creator Satoshi Nakamoto. Since the initial launch of the US-West node, the company has released 16 other nodes worldwide. In addition to US-West, LQwD’s presence on the Lightning Network includes Hong Kong, Ireland, India, Germany, Brazil, Singapore, Sweden, South Korea, South Africa, Bahrain, Indonesia, Italy, France, Canada, England, and Japan. Collectively, LQwD’s nodes range in size with channel counts spanning 2 (newer nodes) to 107 (US-West). To learn more about the Lightning Network and LQwD’s node operations, visit www.1ml.com. The blockchain infrastructure cannot facilitate fast transaction speeds on its own. Currently, the infrastructure can only accommodate seven transactions per second (“TPS”). Other cryptocurrencies offer a TPS ranging from 20 to 4,000, with major network Visa handling up to 24,000 TPS. As a layer 2 protocol, the Lightning Network can speed up transaction times, offering over one million TPS. LQwD is leveraging this technological advantage to drive bitcoin adoption and facilitate transactions worldwide. In its mission to accelerate bitcoin adoption, LQwD, through subsidiary Coincurve.com, joined Visa’s (NYSE: V) Fintech Fast Track Program. According to Shone Anstey, LQwD CEO, “Our direct relationship with Visa now gives LQwD the advantage of accessing their growing partner network, as well as experts in the payments space. It’s a big benefit” (https://ibn.fm/036g2). Driving bitcoin adoption is critical on a fast-growing global cryptocurrency market, despite recent volatility in the space. In 2020, the global cryptocurrency market was valued at US $1.49 billion. By 2030, this market is expected to reach US $4.94 billion, growing at a CAGR of 12.8%. Driving factors for growth include the increased need for operational efficiency, transparency in financial payment systems, the demand for remittances in developing countries, increased data security, and improved market cap (https://nnw.fm/d5wBo). (https://ibn.fm/FPE75). El Salvador was the first country to convert its legal tender to cryptocurrency. Other countries have expressed an interest in doing so, but few have made the official move. Unlike fiat currency, cryptocurrency is not asset-backed (or government-backed), making it more volatile than the standard dollar bill. Fiat currency has its volatility, too. As the government economic factors shifts, so does the value of the dollar. Once worth its weight in gold, the dollar faced devaluation when President Nixon ended the conversion for gold in the 1970s, proving that even the most stable payment systems can sometimes become volatile (https://ibn.fm/F60sB). 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

Mullen Automotive Inc. (NASDAQ: MULN) Retrofits Existing Facility to Move EV Battery Pack Production In-House

  • Global EV market projected to see 24.5% CAGR between 2022 and 2028
  • MULN announces plans to modify high-voltage plant to produce packs used for company’s EVs
  • Company anticipates using its own revolutionary solid-state battery technology in its second-generation Mullen FIVE EV Crossovers
  • Strategic move reduces company’s reliance on third-party suppliers, reduces impact of supply and critical component shortages
Amid a growing global demand for electric vehicles (“EV”), smart companies operating in the space are looking for ways to differentiate themselves from the competition. That’s exactly what Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle manufacturer, has done with its recently announced plans to retrofit a high-voltage facility for production of EV battery packs to support its growing line of electric vehicles (https://ibn.fm/PqP6H). The company expects to also eventually begin the development of solid-state polymer battery packs, which will be a significant advancement over current lithium-ion battery packs (https://ibn.fm/ZdV37). According to a recent Facts & Figures report, the “global electric vehicle (‘EV’) market size is estimated to cross USD $980 billion by 2028, at a CAGR of 24.5% between 2022 and 2028” (https://ibn.fm/VEK4I). The report, which looked at a variety of different factors and their projected impact on EV market growth, noted that “a variety of batteries are used in these vehicles. “The electric vehicle was developed primarily to replace polluting traditional ways of transportation,” the report continued. “As a result of various technological developments, it has gained in popularity. [An EV] outperforms traditional automobiles in terms of fuel efficiency, carbon emissions, and maintenance, as well as ease of charging at home, a smoother ride, and less engine noise. Pure, hybrid, and plug-in hybrid batteries are the three primary types of electric car batteries.” Mullen, an emerging electric vehicle manufacturer, recently announced that it plans to begin EV battery-pack production in its California-based high-voltage-battery research-and-development facility. In order to do so, the company is modifying an existing facility to house production of EV battery packs, which will be used in the company’s EVs, including the ONE EV Cargo Van, FIVE EV Crossover and DragonFLY EV Sportscar. “Building our own battery packs makes sense as it reduces our reliance on third-party suppliers and lessens our risk of being subjected to the waves of supply and critical component shortages,” said Mullen CEO and chair David Michery. “The entire industry is struggling with supply chain issues, and the more control we have in-house, the better off our vehicle programs will be. Our Monrovia facility is already established for high-voltage applications, so retrofitting it for our battery-pack development makes good sense for our company and shareholders.” In addition to reducing third-party dependency, the move to bring battery-pack production in-house will lower costs and increase overall quality control, Michery noted. For almost a decade, the facility was used for battery-pack research, development and production for CODA Automotive; Mullen purchased the assets from CODA in 2014 and took over plant production in 2017. The move to focus on battery production for Mullen-specific EVs makes sense as the company continues to expand its vehicle portfolio. In addition, the company is testing its own solid-state polymer battery technology, which has the potential to deliver more than 600-plus miles of range and features an 18-minute DC fast charge that can yield more than 300 miles of range. The company anticipates using this new battery technology in its second-generation Mullen FIVE EV Crossovers (https://ibn.fm/62cfG). According to the company, since its first quarter as a public company in 2021, Mullen has debuted two versions of the Mullen FIVE show cars, as well as continuing to focus on its development portfolio. The company also purchased a facility in Tunica, Mississippi, where it plans to start with the manufacturing of the Mullen ONE EV Cargo van program, which is slated for availability in Q2 2022. The company is capturing attention with its lineup of vehicles. The Mullen FIVE was named Top Zero Emission SUV as part of the ZEVA Awards at the Los Angeles International Auto Show in November 2021, and the company has filed more than 120 patents in 24 countries related to the vehicle. Mullen is a Southern California–based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership. For more information about the company, visit www.MullenUSA.com. NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://ibn.fm/MULN

From Our Blog

Where Geology Creates Advantage: Inside Search Minerals Inc.’s (TSX.V: SMY) (OTC: SHCMF) Development Across Labrador’s Rare Earth Districts

December 12, 2025

Disseminated on behalf of Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) and may include paid advertising. Search Minerals (TSX.V: SMY) (OTC: SHCMF), a mine exploration and development company, is working hard to advance Canada’s strategically positioned rare earth portfolio.  The company controls two districts: the Port Hope Simpson – St. Lewis CREE District and the […]

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