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Listen Up! InnerScope Hearing Technologies Inc. (INND) Adds to Sales Channels with New Website for HearingAssist

  • The Direct-to-Consumer (“DTC”) market is thriving as part of an eCommerce market that reached $3.53 trillion in 2019
  • InnerScope Hearing Technologies has removed cost barriers for the 70 million North Americans with impaired hearing with its DTC model providing cutting-edge hearing aids at a price point far below the average
  • InnerScope sells its products through its own eCommerce site, strategic partners, and now on a newly launched HearingAssist website, complete with payment options and free consultations with licensed professionals
Historically, brands have relied on a middleman to get their products into the hands of consumers. Companies having their own brand and retail location was about as close as a manufacturer came to selling direct to consumer (“DTC”). The ubiquity of the internet and mobile devices in the 2000s has changed everything, driving successes with the D2C model in essentially every vertical. Leveraging leading-edge tech and a growing online presence, InnerScope Hearing Technologies (OTC: INND), is emerging as a leader in DTC hearing products, allowing those with hearing deficits to test online and get products shipped right to their door. Although e-commerce remains a negligible amount of overall global retail sales, it is steadily gaining share, including reaching $3.53 trillion in 2019. There is no shortfall of potential INND customers considering about 70 million people in North America, or about 20% of all Americans and Canadians combined, suffer from hearing-related issues. InnerScope is a manufacturer, distributor, and retailer of FDA-Registered DTC self-adjusting, Bluetooth app-controlled hearing aids and personal sound amplifiers products, doctor-formulated dietary hearing and tinnitus supplements, and assorted ear and hearing health-related products. The company has developed a simple user interface for its app that uses Bluetooth technology to allow its customers to personalize InnerScope hearing devices to their specific needs in less than 10 minutes via an onboard, in-ear custom fit self-testing feature. The products are available through InnerScope’s MyHearIQ.com eCommerce site and through partner sites. In August 2021, InnerScope struck strategic deals to sell its hearing aids on FSAstore.comHSAstore.com, and WellDeservedHealth.com sites catering to consumers enrolled in flexible spending accounts (“FSA”), health saving accounts (“HSA”), and employers’ health incentive programs. Branded “Nexus HD App-Controlled Hearing Aid Set,” the InnerScope products are front and center when searching for “hearing aids” on these sites. The price of $1,500 for the complete set comes with free shipping and handily undercut the typical average price of $5,000 for same type of hearing aids. At this price point, InnerScope breaks down price barriers that wend way to just 14% of Americans with hearing loss currently using hearing aids. This month, InnerScope launched a new eCommerce website for its wholly-owned subsidiary, HearingAssist (https://hearingassist.com/). HearingAssist has been an established leader in the DTC hearing aid market since 2008 and is Walmart’s largest hearing aid supplier with product displays in 757 Walmart stores and over 500,000 hearing aids sold to date. If you’ve ever seen the commercial where the dad and son are working on some chairs in a shop and the son becomes flustered his dad can’t hear him saying “I love you, Dad,” then you’ve heard of HearingAssist whether you realized it or not. (HearingAssist Commercial) The new website showcases all HearingAssist’s hearing aids with sleek designs and leading digital technology. The site was designed with mobile in mind for a premium customer experience, a streamlined product search capability including live inventory and pricing search features, 24/7 product purchases with an easier check-out process, and an option for low monthly payments. The site also features a live connection with a hearing product specialist and an opportunity for a free hearing consultation with a licensed hearing healthcare professional. Furthermore, the website was constructed with scale in mind and a backend that allows the InnerScope team to manage content, launch marketing campaigns, maintain product data and add features from one location. Opining on all the thought and time that went into the design of the new site, InnerScope President and CEO Matthew Moore commented, “We designed this new website to provide hundreds of thousands of HearingAssist’s current customers and potentially millions more, a robust, user-friendly experience where they have 24/7 access to the HearingAssist affordable hearing aids and related accessories as well as a free consultation with one of our licensed Hearing Healthcare Professionals.” For more information, visit the company’s website at www.INND.com. NOTE TO INVESTORS: The latest news and updates relating to INND are available in the company’s newsroom at https://ibn.fm/INND

Nemaura Medical Inc. (NASDAQ: NMRD) Publishes 3QFY2022 Results; Company Reports its Inaugural Quarterly Revenues

  • Nemaura Medical has recently reported its 3QFY2022 (4QCY2021) results, with the company recognizing its inaugural revenues of $183,628 over the quarter
  • The company also announced that it held $23 million in cash reserves as of the end of the quarter, which should amply cover its cash requirements over the coming months
  • Nemaura Medical seized upon the opportunity to update investors on their ongoing operational highlights, which include the appointment of Dr. Arash Ghadar as COO, the formal launch of their Miboko product line
  • Finally, the company also announced a new investment received from Tiger Partners Trading LLC, an investment advisor to legendary investor Julian Robertson’s Tiger Management family office
Nemaura Medical (NASDAQ: NMRD), a medical technology company focused on developing and commercializing non-invasive wearable diagnostic devices and supporting personalized lifestyle coaching programs, has announced its recent Q3 FY2022 results for the quarter ending December 31, 2021 (https://ibn.fm/8VG8U). Nemaura Medical has seen its financial results go from strength to strength over the past year. The company recognized Q3 FY2022 revenues of $183,628 due to the initial shipments made over the past quarter of sugarBEAT(R) CGM devices to MySugarWatch, the company’s UK licensee. The order marked the inaugural revenues in Nemaura Medical’s history, with the company rapidly moving towards monetizing its recent product launches. Meanwhile, the company reported total operating expenses over the quarter amounting to approximately $1.8 million, including the cost of additional headcount required to support and drive the operational scale-up process across both the company’s UK and US teams. Finally, Nemaura Medical announced that it held cash equivalents of approximately $23 million as of December 31, 2021, compared to $31.9 million as of March 31, 2021. “The December quarter marked a milestone for Nemaura, as we officially entered the commercialization phase of our corporate development and recognized revenue for the first time in our history,” commented Dr. Faz Chowdhury, CEO of Nemaura. Nemaura Medical’s recent earnings announcement comes amidst a period of solid growth for the company over the past few months. Nemaura Medical recently appointed Dr. Arash Ghadar as Chief Operating Officer; Dr. Ghadar will come on board entrusted with helping commercialize the company’s transformational line of non-invasive diabetes management products. The company also formally launched its Miboko product line, a service offering in development over the past 18 months. Miboko uses a non-invasive glucose sensor to measure and monitor users’ blood sugar levels based on glucose tolerance or insulin resistance. The device is then linked to an AI mobile application, which provides users with personalized information by tracking their metabolism. “With the recent launch of Miboko, our new metabolic health program, we now have a second product from our platform of non-invasive microsystem technology, which we believe will have broad appeal. We are leveraging our sensor platform to enter mass market, high-value applications to deliver long-term value to shareholders,” stated Dr. Chowdhury. Separately, Nemaura Medical also seized on the opportunity to reveal that Tiger Partners Trading LLC, an advisor to legendary investor Julian Robertson’s Tiger Management family office, had acquired a 3.1% equity stake in Nemaura Medical in February 2022. Mr. Robertson’s offshoot network of investment firms, including Tiger Global, has become some of the largest investors in early-stage private- and publicly-listed companies in recent years. In 2021, Tiger Global surged ahead of its peers in venture capital investments, with the asset manager deploying upwards of $70 billion across 335 individual deals for the year (https://ibn.fm/c5yhZ). For more information, visit the company’s website at www.NemauraMedical.com. For more information on Miboko, please visit www.Miboko.com. NOTE TO INVESTORS: The latest news and updates relating to NMRD are available in the company’s newsroom at https://ibn.fm/NMRD

FuelPositive Corp. (TSX.V: NHHH) (OTCQB: NHHHF) On Track to Deliver First Prototype of Green Ammonia Production System in Late Summer 2022, Identifies Base for First Demonstration Pilot Project

  • FuelPositive was featured in a NetworkNewsAudio production that detailed the company’s recent corporate update and announcements
  • The company noted that the construction of the prototype of its green ammonia production system is on track for rollout in mid-2022
  • The company expects to start validating the system in the first half of the year, where the validation will prove the rate and purity of the green ammonia produced
  • FuelPositive has identified a 6,000-acre grain and plant-based farm in Manitoba for the first demonstration pilot project
As efforts to produce green ammonia gather steam worldwide, from Asia and North America to Australia and Africa, FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) is making substantial headway, announcing in a recent corporate update that it is on track to deliver the first prototype of its modular green ammonia production system in late summer 2022. The update, which was covered in a NetworkNewsAudio broadcast, also included an announcement that the company had filed its annual audited financial statements for the year ended September 30, 2021 (https://ibn.fm/2E2oM). “FuelPositive is moving forward at full speed to commercialize our in situ, modular, scalable, and transportable green ammonia production system,” commented FuelPositive Chief Operating Officer Nelson Leite as part of the update. FuelPositive noted that the building of the first demonstration units for its green ammonia production system, which does not emit any greenhouse gas as it relies on renewable electricity to produce green ammonia from water and air, is progressing according to plan. It is made up of a nitrogen generator to extract nitrogen from the air, a water electrolyzer to generate hydrogen from water, and a patent-pending green ammonia synthesis reactor that will combine the hydrogen and nitrogen to form ammonia. According to the company, the electrolyzer’s construction has been completed and has passed the Factory Acceptance Testing (“FAT”). Further, the synthesis reactor is on track for the planned demonstration pilot project, while the nitrogen generator, which experienced some delays due to pandemic-induced supply chain issues, is not expected to affect the rollout of the demonstration units planned to begin in late summer 2022. To meet this target, FuelPositive anticipates it will begin validating the systems in the first half of the year, with this validation expected to prove the rate and purity of the green ammonia produced by the company’s technology. FuelPositive also announced it had identified a base for its first demonstration pilot project: a 6,000-acre grain and plant-based farm in Manitoba, Canada. The company has already conducted the first site visit, which “went extremely well,” according to FuelPositive CEO and Board Chair Ian Clifford. The farm is ideal in many ways. In addition to being located in Manitoba, a province that has a green electricity grid and will be suitable for FuelPositive to test its prototype in the harsh Canadian climate known for its hot summers and long, cold winters, the farm is equipped with solar power and connected to the grid. Furthermore, it has its own water source, meaning that it can be self-sufficient. The farmer plans to use the system to produce fertilizer in the immediate term but plans to also use the green ammonia as a fuel for grain drying and their tractors and other internal combustion engine (“ICE”)-powered vehicles – after conversion. These plans feed into FuelPositive’s vision for its proprietary system’s disparate use cases. The company envisions that green ammonia will be used to store hydrogen (energy storage) and facilitate the long-distance transportation of hydrogen, as fuel for converted ICE vehicles and as a fertilizer, among other applications. The pilot project announcement comes just a few months after the company conducted a case study based on a 1,800-acre farm in Manitoba. Here, FuelPositive established that the cost of green ammonia production using its system is 40% cheaper per metric tonne to end-users than traditional (“grey”) anhydrous ammonia (https://ibn.fm/0Aata). In addition to being more expensive, grey ammonia is produced through a highly polluting and energy-intensive process and is susceptible to supply chain fluctuations that increase prices. Meanwhile, the update also featured additional announcements, including advisory appointments, government relations efforts, and news on the location of its new head office. To listen to the audio production covering the entire update, visit (https://ibn.fm/y6Lev). For more information, visit the company’s website at www.FuelPositive.com. NOTE TO INVESTORS: The latest news and updates relating to NHHHF are available in the company’s newsroom at https://ibn.fm/NHHHF

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Nodes Showing Positive Growth, While U.S. Seeks El Salvador Accountability Over Bitcoin Legal Tender Decision

  • The company has seen positive growth over the last seven days, increasing channels and value within the nodes active in The Lightning Network
  • LQwD has opened itself for the international market – with Germany and Singapore nodes opened recently
  • The European and Asian markets are only the first steps to the company’s goal of becoming the number one Lightning Network facilitator
Three prominent United States Senate members have introduced a bill that stems from El Salvador’s adoption of Bitcoin as a legal tender. The Accountability for Cryptocurrency in El Salvador (“ACES”) Act would require a State Department report on El Salvador’s adoption of the cryptocurrency and a plan to mitigate the potential risks it imposes on the United States’ financial system. The Senators presenting this bill include Jim Risch (R-Idaho), Bob Menendez (D-New Jersey), and Bill Cassidy (R-Louisianna). “El Salvador recognizing Bitcoin as official currency opens the door for money laundering cartels and undermines U.S. interests. If the United States wishes to combat money laundering and preserve the role of the dollar as a reserve currency of the world, we must tackle this issue head-on,” Cassidy explained the reasoning behind the bill (https://ibn.fm/txbn2). If the bill passes, the State Department report would require:
  • A detailed analysis of El Salvador’s adoption of Bitcoin as legal tender and the risks for cybersecurity, economic stability, and democratic governance in the country
  • A plan for the United States to mitigate the potential risks to the United States financial system
Aarika Rhodes (D), a United States congressional candidate for California’s 32nd District looking to unseat current Congressman Brad Sherman (D-California), does not share the same opinion of cryptocurrency as the Senate members calling for the ACES Act. She sees bitcoin as a way for economic justice. “Do I love the Lightning Network? Absolutely, I think it is the future,” she said (https://ibn.fm/fIoJK). The Lightning Network, which can be followed at https://1ml.com/, is a layer 2 payment protocol on top of the blockchain-based Bitcoin cryptocurrency. Using The Lightning Network enables scalability, faster payments, lower fees, and cross-blockchain transactions. One company focused, in particular, on bringing more exposure to The Lightning Network is LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology organization working to create an enterprise-grade infrastructure to drive bitcoin adoption. The company has three active nodes on The Lightning Network presently – United States, Germany, and Singapore. All three nodes have seen significant growth since becoming active, which further drives LQwD to procure more nodes for its platform as a service (“PaaS”) offering. LQwD – US – West (four months old, as of February 21, 2022):  Over the last seven days (as of February 21, 2022):
  • Capacity Change: 0.427694 BTC (USD$16,484.45)/up 8.72%
  • Channel Count Change: 4/up 4.55%
Over the last 30 days:
  • Capacity Change: 2.364466 BTC (USD$91,132.7)/up 79.7%
  • Channel Count Change: 28/up 43.75%
LQwD – Germany (20 days old, as of February 21, 2022): Over the last seven days:
  • Capacity Change: 0.460000 BTC (USD$17,736.07)/up 4,600%
  • Channel Count Change: 12/up 1,200%
LQwD – Singapore (16 days old, as of February 21, 2022): Over the last seven days:
  • Capacity Change: 0.685500 BTC (USD$26,465.32)/up 1,371%
  • Channel Count Change: 18/up 900%
The recently launched nodes in Germany and Singapore allow LQwD to enter the European and Asian markets, and with all three nodes active, the company maintains its commitment to facilitate faster transactions and provide lower fees for consumers. LQwD shares congressional candidate Rhodes’ view on The Lightning Network being the future, being confident that the Network will become a force for change worldwide and the global monetary exchange of the future, amid cryptocurrencies’ continued growth in popularity. 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

SPYR Inc. (SPYR) Adds to Apple(TM)-focused IOT Product Offerings, Boosts National TV Marketing Campaign

  • Internet of Things (“IoT”) developer and retailer SPYR Inc. is dedicated to building a portfolio of branded technology solutions that appeal specifically to Apple consumers with iPhones and other Apple devices
  • SPYR recently announced the pending rollout of an enhanced charging cable called MagixStatus, which provides a better-than-normal level of feedback regarding a device’s charging process
  • The company also recently launched its MagixCharge device — a high-power charger with two USB ports for charging multiple devices at the same time
  • MagixCharge is ‘a high-power car charger providing Power Delivery [PD] via two USB-C ports for charging multiple devices at the same time, up to twice as fast as a conventional vehicle charger that connects via the cigarette lighter adapter
  • The company’s flagship offering, MagixDrive, serves as an adapter between an iPhone and a car’s infotainment system to make CarPlay available on the car dashboard and avoid having to repeatedly access the phone while driving, making the CarPlay experience available wirelessly on the car’s dashboard
  • The products are developed by SPYR’s subsidiary Applied Magix, which was acquired by the company last year
Apple ecosystem-focused Internet of Things (“IoT”) developer SPYR (OTCQB: SPYR) is building its product offerings with the aim of increasing its brand awareness within the industry, most recently with the pending rollout of enhanced Apple(TM) Lightning and USB-C-compatible charging devices and a marketing boost for its flagship wireless CarPlay device. “Not only do our cables provide enhanced functionality, but they also look great. The average feedback we have received from our testing group has been, ‘Shut up and take my money!’ – so we do, and we will,” Applied Magix CEO Harald Zink stated when the company announced the development of its MagixStatus line of charging cables Feb. 3 (https://ibn.fm/bWIod). Applied Magix is a registered Apple developer and reseller of Apple ecosystem compatible products that was acquired by SPYR last year as part of SPYR’s mission to source white label Apple HomeKit(TM) products and accessories from worldwide manufacturers while manufacturing its own new line of products. SPYR foresees a significant market opportunity in creating smart hardware and software solutions exclusively for Apple customers, given their propensity to invest higher dollar amounts in their pursuit of quality brand items and the apparent lack of smart devices that properly integrate with HomeKit. The MagixStatus cables improve on traditional charging cables by providing a fuller range of information on charging status, including if the device is being charged using the faster acting Power Delivery (“PD”) standard. The cable is expected to launch during the first quarter, according to the company. Applied Magix also recently announced its launch of “MagixCharge,” a high-power, high capacity USB-C car charger with two USB Type-C ports to charge multiple devices at once (https://ibn.fm/sHWSF). The charger will be packaged in the company’s wireless MagixDrive Bundle, an advertised promotion that combines the charger and the MagixBlock data blockers with the company’s flagship MagixDrive wireless CarPlay adapter at a discounted price. MagixDrive works as an adapter between an iPhone and a car’s infotainment system to make CarPlay available on the car dashboard without having to fiddle around with the phone while driving. This makes the CarPlay experience available wirelessly on the car’s dashboard. SPYR announced Feb. 10 that its initial national TV advertising campaign for MagixDrive achieved a positive response from consumers, prompting the company to expand the airing schedule of the commercial. “We were quite satisfied with the results from the first wave of our commercial’s broadcast. By further increasing both the reach and frequency, we hope that more customers will discover our innovative MagixDrive product,” Zink stated (https://ibn.fm/Zc2y1). For product information, please see the Applied Magix website at https://AppliedMagix.com, or specific product sites: 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

With Bulls on the Side of Gold Trends, StraightUp Resources Inc.’s (CSE: ST) (OTCQB: STUPF) Charges Ahead with Greenstone Belt Drill Plans

  • Metals exploration and acquisition company StraightUp Resources has spent recent months optioning potential drill sites in the gold-producing region of Ontario’s famed Red Lake Mining District
  • StraightUp conducted ground and airborne magnetic surveys last year to help guide its strategy for potential exploration, with results showing some “high merit” areas of potential mineralization
  • The company has obtained the necessary permit for a summer drilling program on one of its five sites in Ontario’s well-known greenstone belt region in and around the Red Lake District
  • Gold prices declined during the pandemic as many people held off on buying jewelry and turned to other sources for crisis market hedges, but prices have been trending upward since last summer as consumers resume lifestyle routines while wary of new inflationary pressures
Consumer sentiment about gold investment continues to reflect expectations that inflation may remain troublesome throughout the coming year, as people everywhere attempt to process the potential economic impacts of the COVID-19 pandemic and fiscal policies both in government and private sectors as a response to the pandemic. The University of Michigan’s most recent survey of consumer sentiment reported a sharp drop to a 10-year low, driven by “weakening personal financial prospects, largely due to rising inflation, less confidence in the government’s economic policies, and the least favorable long term economic outlook in a decade” (https://ibn.fm/fv2IL). While the decline in consumer optimism heralds the possible onset of a sustained downturn in consumer spending, it also portends the possibility of rising strength in the gold market, which has suffered declines during the pandemic that have led many analysts to question gold’s prevailing role as a financial hedge during stormy times (https://ibn.fm/P0aKg). Precious metals commodities media outlet Kitco News reported this month on diverging faith in gold between Wall Street analysts and Main Street consumers, with 40 percent of Wall Street analysts surveyed bullish on gold’s price potential, 27 percent bearish and 33 percent neutral, while 62 percent of Main Street responses were bullish and only 16 percent neutral (https://ibn.fm/ZKLti). The survey demonstrates the common investor’s willingness to make assessments that may not align with what they regard as advisors’ “manipulation” of the market, as a number of comments on the Kitco report indicated. Despite the doubts, gold prices in February marked a climbing trend that saw them at their highest point since June (https://ibn.fm/zdg8o). And beyond the investor marketplace, gold continues to play a popular role in rising jewelry purchases (44.99 percent YOY increase) and cultural mainstays in Asian countries such as China and India (https://ibn.fm/9SVW7), which may also signal a revival in Western Hemisphere markets as pandemic concerns wane during the coming months. Precious metals explorer StraightUp Resources (CSE: ST) (OTCQB: STUPF) has spent the past year examining the potential for gold exploration on flagship properties the company has optioned in Canada’s well-known greenstone belts in Ontario, anticipating persistent demand for the metal worldwide. Ground magnetic surveys and helicopter-borne high-resolution aerial magnetic surveys have helped confirm the potential of StraightUp’s five gold properties in the Red Lake Mining region, such as “multiple areas of high merit and potential mineralization” reported in November at the Ferdinand Gold Project, which consists of 17 contiguous mining claims covering 7,143 hectares (17,651 acres) (https://ibn.fm/rlGyc). The company entered into an option agreement to acquire the property in March. The nearby RLX North site, at 4,725 hectares (about 11,675 acres), was greenlighted last month for an early exploration permit, and the company expects to move forward this summer with drill programs on it and the adjacent RLX South site, which together comprise StraightUp’s largest property at 10,000 hectares. The permit for mechanized drilling at the site will be valid for three years, according to the company. For more information, visit the company’s website at www.StraightUpResources.com. NOTE TO INVESTORS: The latest news and updates relating to STUPF are available in the company’s newsroom at https://ibn.fm/STUPF

SRAX Inc. (NASDAQ: SRAX) Unveil Bullish 2022 Guidance: Update Investors on Ongoing Share Buybacks and Preference Share Payouts

  • SRAX recently provided the market with its 2022 revenue forecast, guiding of $46-48 million in top-line revenues which surpassed street estimates of $42.52 million
  • The company also seized upon the opportunity to update investors on their preferred shares, each of which would be eligible for a cash payment of $0.01, payable in January 2022
  • Simultaneously, SRAX also revealed that they had repurchased 155,000 common shares over the last quarter as part of their enhanced shareholder returns initiative
SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, recently updated the market on its guidance for the upcoming financial year as well revealing details on its ongoing shareholder payout schedule. SRAX guided that the company was forecasting revenues of $11.5 million for the first quarter of 2022, with full year revenues of $46-48 million. The numbers follow a strong series of recent results, with SRAX reporting $8.3 million in third quarter revenues, with street analysts forecasting top-line sales to further increase to $10.05 million in the fourth quarter. Fourth quarter results for 2021 are expected to be published on Monday, April 4th, 2022. (https://ibn.fm/O89sI). “Our team did excellent work in 2021, meeting and exceeding our guidance. The nature of our annual contracts provides us exceptional visibility into revenue,” stated Christopher Miglino, Founder and CEO of SRAX. “We are projecting that we will have our largest quarter ever in Q1 of 2022. With an acceleration in sales at the end of Q4, we are very comfortable in providing a full-year, 2022 guidance of $46-$48M,” added Miglino (https://ibn.fm/rG1wi). According to the analysts at Zacks Investment Research, SRAX are expected to report full year sales of $31.48 million for the 2021 fiscal year, with current analyst estimates ranging from $31.43 million to $31.53 million. Meanwhile, the company’s recently published guidance of $46-48 million in revenues for the 2022 fiscal year compare favourably to analyst estimates, with Zacks Investment Research recently forecasting the company to report sales of $42.52 million for the current year. Following the Company’s second quarter earnings report, SRAX had announced that they would be carrying out a simultaneous $10 million stock buy-back program as well as paying a one-time special dividend to its shareholders of records as of 20th September 2021. The special dividend, which would bear an approximate value of $0.23 per common share or $6.5 million in total, would be in the form of an issuance of non-tradeable preferred shares, which would hold a notional value of approximately $6.5 million worth of Sequire’s clients’ stock. As the underlying shares were sold, the proceeds would be distributed to the preferred shareholders on a periodic basis. SRAX have now revealed that they had sold approximately $380 thousand in notional value of the underlying shares over the course of the last quarter, entitling holders of the company’s preference shares to a cash payment of $0.01 per share payable by January 30th, 2022. Simultaneously, SRAX have also sought to boost their shareholders’ returns through their ongoing share buyback program, with the Company announcing that they had repurchased approximately 155,000 common shares over the course of the last quarter; at an average price of $4.15 per share, the repurchases amounted to approximately $800 thousand in net outlays (https://ibn.fm/Aozdq). “We continue to optimize our cap table and return value to our shareholders,” said Christopher Miglino. “This quarter we re-filed our already existing shelf. This allowed us to eliminate our At the Market filing (‘ATM’) and the costs associated with it. We will continue to look for opportunities to reward our shareholders.” For more information, visit the company’s website at www.SRAX.com. NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://ibn.fm/SRAX

Hollywall Entertainment Inc. (HWAL) Works to Reduce Divide Between Digital Haves and Have-nots

  • Hollywall Entertainment Inc. is a technology and broadcasting company with varied interests in telecommunication, infrastructure, media, and entertainment
  • Hollywall is actively working to help reduce the digital divide and empower rural, underserved communities — particularly across the South — through the extension of fiber optics and telecommunications services
  • The company’s revenue streams range from its catalog of music, film, television, software and game library rights, to in-development non-fungible tokens (“NFTs”)
The federal government laid out a roadmap for funding interstate travel on the electronic highway of the Internet as part of their proposed large-scale infrastructure bill (https://ibn.fm/RVNAn), but in a day and age when smartphones and network streaming seem to be ubiquitous it can be difficult to determine exactly how funding should be applied. The reality is that nearly a quarter (22.5 percent) of all U.S. households don’t have home Internet service, according to the US Census Bureau’s American Community Survey (“ACS”). And more than a quarter million U.S. households still use the slow speeds of dial-up access for their Internet service (https://ibn.fm/2BH9m). The so-called digital divide between the quality Internet haves and have-nots disproportionately affects the elderly, individuals living in rural settings and in poverty, as well as people experiencing systemic homelessness, limiting their access to information and modern communication technology. Techwire Insider recently noted some examples of concerns created by the digital divide, such as difficulties responding to the 2020 U.S. Census, difficulties taxpayers faced in setting up an online account with the IRS, and difficulties smartphone-only users face in working with spreadsheets and PDFs (https://ibn.fm/aG113). These are exactly the problems being addressed by telecommunication and broadcasting company Hollywall Entertainment (OTC: HWAL). The company is employing its own methods to create digital equity, drawing on resources that include its vast subsidiary holdings in the realms of telecommunications, infrastructure, technology, media, entertainment and broadcasting to benefit rural, underserved communities. Hollywall CEO Darnell Sutton refers to the company’s vision as “Fiber to the People” — an empowerment campaign that specifically targets smaller communities, particularly across the South’s “Black Belt.” The ACS survey notes that the least Internet-connected households are mostly clustered in Southern states stretching from Oklahoma eastward to Alabama and on up to West Virginia. The company’s revenue streams are varied, ranging from its catalog of music, film, television, software and game library rights to the pending development of non-fungible tokens (“NFTs”) based on its rights to artists’ works. For more information, visit the company’s website at www.Hollywall.com. NOTE TO INVESTORS: The latest news and updates relating to HWAL are available in the company’s newsroom at https://ibn.fm/HWAL

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Strengthening Expansion with Licensing and Vertical Integration Strategy

  • Cannabis and hemp multi-state operator Red White & Bloom Brands has established itself in fast-growing plant derivative markets from Michigan to Florida and California
  • Michigan’s new legal adult-use market is proving fertile ground for development, and the company has leased manufacturing facilities and obtained full licensing in the state
  • Thanks to the Michigan developments, Red White & Bloom is also expanding distribution of its Platinum Vape gummies and chocolates beyond California, where they have been popular
  • The company’s brands are expected to expand in Michigan from distribution to 250-plus dispensaries to more than 400 dispensaries
Cannabis and CBD product brand builder Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) is strengthening expansion of its cultivation and dispensary operations for some of the fastest-growing plant derivative markets in the United States amid increasing American consumer demand. Red White & Bloom is establishing itself as a dependable multi-state operator for cannabis and hemp products, with a presence in California, Arizona, Oklahoma, Illinois, Michigan, and Florida. In Florida and Michigan, the company has cultivation properties, while in Illinois the company operates a 3.6 million-square-foot standardized facility for ensuring premium product value. Most recently, RWB celebrated the news that Michigan had granted it adult recreational use prequalification status for manufacture, followed by full licensing to make both medical and adult-use cannabis products in the state. The company’s lease assignment for a 15,000-square-foot manufacturing and processing facility in the city of Warren led to the launch of operations there last month, with “all necessary equipment already installed and inspections completed” for medical and adult-use products (https://ibn.fm/1VUAT). “This Warren facility allows us to centralize distribution for our ‘house of premium brands’ in Michigan and finally report all of our Platinum Vape(TM) wholesale sales on a much less confusing and straightforward basis,” CEO and Chairman Brad Rogers stated. “The facility provides the production capacity to expand sales of our award-winning brands from the 250+ Michigan dispensaries that carry them to the state’s 400+ dispensaries.” Platinum Vape is a recognized vape brand, but its umbrella also includes gummies, chocolates and premium cannabis flower that are popular in California. With the manufacturing buildup in Michigan, the gummies and chocolates will now be offered outside California as well. While Red White & Bloom’s year-end financial report is not yet available, the Q3 report issued in November showed a 93 percent YOY increase in revenue, from $6.1 million to $11.8 million, with the majority of revenue derived from sales of cannabis finished products through third party wholesaling to retailers. The developments in Michigan are expected to help the company improve its margins through vertical integration of its operations (https://ibn.fm/0PCgh). “RWB is being very strategic in pursuing vertical integration only when there is value to be added. We aim to be asset light and brand rich,” CFO Chris Ecken stated in the Q3 announcement. “Our strategy is to support the brands in the most profitable way. We have been putting the teams in place to support this strategy in each state where we operate.” For more information, visit the company’s website at www.RedWhiteBloom.com. NOTE TO INVESTORS: The latest news and updates relating to RWBYF are available in the company’s newsroom at https://ibn.fm/RWBYF

Lexaria Bioscience Corp. (NASDAQ: LEXX) Optimistic About its Expanded DehydraTECH Investigations; Plans for More Studies in 2022

  • Lexaria just announced ground-breaking findings from its recently-concluded Sildenafil animal study
  • The success of this study sets the stage for various other studies on the use of the company’s patented DehydraTECH technology
  • The company is set to commence dosing its most extensive hypertension study in April 2022, with results expected in Q3 2022
  • Its successful completion could greatly enhance Lexaria’s leadership position in the global drug delivery market
Lexaria Bioscience (NASDAQ: LEXX) kicked off the 2022 calendar year by receiving independent review board approval for its upcoming DehydraTECH(TM)-CBD human hypertension study, HYPER-H21-4.  Additionally, in what marks another critical milestone, the company also reported ground-breaking findings from its sildenafil animal study. Chris Bunka, the Lexaria’s Chief Executive Officer (“CEO”), at the beginning of the year, noted the company’s commitment to achieving even more milestones with its patented DehydraTECH technology for a variety of conditions, including, but not limited to hypertension and heart disease. The success of this sildenafil study lives up to that resolve and sets the stage for more successful studies to come. “Calendar 2022 will continue to see significant milestones in utilizing DehydraTECH-CBD for investigation of heart disease and hypertension; and separately, for oral nicotine delivery as an alternative to smoking,” he noted (https://ibn.fm/hoS2E). He also added that in 2022 the company would explore the technology for the potential treatment of hormone replacement, rheumatoid disease, dementia, diabetes, and erectile dysfunction. The recent sildenafil study explored DehydraTECH’s processing of the phosphodiesterase inhibitor (“PDE5 inhibitor”), sildenafil, for the potential application in erectile dysfunction management. It revealed that DehydraTECH delivered 74% more sildenafil into the bloodstream on average compared to the concentration-matched, generic control formulation (https://ibn.fm/q2oCk). The success of this study could be beneficial to key brands such as Viagra or its generic pharmaceutical competitors. It also presents an opportunity for Lexaria to create even more value for its shareholders. The company plans to kick off what it refers to as the most extensive hypertension study in April of this year. Its execution and subsequent completion will allow Lexaria to stamp its position as a global drug delivery market leader. The estimated current global market for drugs used to treat various heart diseases is $96.1 billion and expected to be $107.8 billion in 2025. (https://ibn.fm/GsXgi). “If this study is successful, we feel strongly that it will be highly supportive of our IND filing plan, and we will have a clear path toward designing of Phase 1 and even potentially Phase II FDA-registered clinical studies thereunder,” noted Mr. Bunka. “Assuming there are no major delays either in study execution or evaluation, we expect full results from this study sometime in Q3, 2022,” he added (https://ibn.fm/UzsHq). 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

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