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Sharing Services Global Corp. (SHRG) Committed to Becoming Leader in Gig Tech Trend

  • Top trends for gig work is building business through online platforms
  • Businesses that stay ahead of the technology curve and provide their distributors with appropriate technology tools and support are likely to see success
  • SHRG is focused on technology being a strength in company principles and values
The gig economy is growing at an ever-increasing rate, according to Direct Selling News, which recently reported on leading trends in the gig space (https://ibn.fm/73zQ9). Companies such as Sharing Services Global (OTCQB: SHRG) that are leading the way in top trends may be set to benefit from the gig economy explosion. “That the gig economy is growing at an ever-increasing rate is an irrefutable fact,” the Direct Selling News article reported. “With more than 57 million Americans involved and $1.4 trillion+ changing hands annually, the gig economy reflects people’s desires for more flexible work opportunities and greater freedom as to how, when and where work is performed.” The article notes broad trends in the gig economy space that have specific implications for direct selling. One of the top trends is the tendency for gig work to be carried out through online platforms. “This movement, due to both technology advances and the increasing adoption of online platforms by a variety of companies — both large and small — also would seem to bode well for direct selling [companies] whose distributors work from home,” the article observed. “Online-related gigs would appear to have the potential to increase the effectiveness and efficiency of the direct selling process if direct selling companies can stay ahead of the technology curve and provide their distributors with appropriate technology tools and support.” Sharing Services appears to be particularly well positioned to make the most of this trend. “Technology must always be a strength,” states SHRG in outlining company principles and values (https://ibn.fm/CML5B). “Being a public traded company, the quality of internal decisions determines the quality and success of outcomes. Emotional decision making can often tilt the decision-making objectives. Adherence to guiding principles and values serve all in arriving at the most effective and collaborative decision.” “The gig economy and its associated gig workers are here to stay and represent opportunities for forward-thinking direct-selling companies,” states Direct Selling News. “The many choices support the needs and desires of all segments in society—from Generation Z to Millennials to Gen X to Baby Boomers—who seek an opportunity to embrace alternative ways to work and use their entrepreneurial skills.” Sharing Services certainly keeps the entrepreneurially motivated worker in mind as it focuses on presenting the most rewarding opportunities in the gig sector. The company is reshaping how entrepreneurs succeed by offering powerful products and promoting health, wealth and happiness. Sharing Services Global Corporation is a publicly traded diversified company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies. The Sharing Services combined platform leverages the capabilities and expertise of various companies that market and sell products direct to the consumer. Its primary division includes Elevacity U.S. LLC, the parent company of the Happy Co. and a sales and marketing company based on utilization of independent contractors as the sales force. For more information, visit the company’s websites at www.SHRGInc.com and www.TheHappyCo.com. NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at http://ibn.fm/SHRG

StorEn Technologies Inc. Partnership Part of ‘New Era’ for Australia’s Battery Storage Industry

  • The project allows researchers to test and develop safety standards for vanadium flow batteries
  • StorEn provided 30kWhr battery through partnership Multicom Resources Limited
  • Industry expert reports that a switch to vanadium batteries and other renewables could save the Australian industry more than $1.6 billion a year
StorEn Technologies, a developer of evolutionary vanadium flow batteries with a disruptive patent-pending, all-vanadium flow battery technology, is involved in a project that could save Australia more than $1 billion a year (https://ibn.fm/2idBg). A key player in the project, Shay Chalmers, recently wrote about the “exciting collaboration” that focused on converting to vanadium flow batteries. “We have entered a new era for Australia’s developing battery storage industry, thanks to an exciting collaboration and project I’m involved in,” Chalmers reported. “Led by Future Battery Industries CRC, with QUT, research partners, state and federal government, the project allows researchers to test and develop safety standards for vanadium flow batteries. This is being conducted at Freedom’s Vanadium Flow Battery Pilot Manufacturing plant, the National Battery Testing Centre. . . . The 30kWhr battery was provided by Multicom Resources Limited in partnership with StorEn Technologies Inc., based in the U.S., as part of the Australian Renewable Energy Agency (“ARENA”)-funded H2Xport project at QUT for use in their renewable hydrogen plant.” Chalmers has been working with StorEn’s Australian partner Multicom Resources and a global team on the completion of a feasibility study regarding the construction of a StorEn manufacturing plant in Australia. The study will also examine the establishment of local manufacturing supply chains for the innovative vanadium batteries designed by StorEn. An engineering management professional with years of global experience in the manufacturing environment, Chalmers has held leadership roles in a steel mill in the United States and with Cook Medical in production, process engineering and project management. “A switch to vanadium batteries and other renewables could save the Australian industry over $1.6 billion a year,” she continued. “We are excited to see the opportunities this project will bring to our local manufacturing community. Cutting-edge technology developments such as this highlight the benefits of university and industry collaboration. We can leverage this opportunity to create strong local supply chains through the manufacture of future energy components. With the strong government support, now is the time to collaborate and get these types of projects across the line.” StorEn Technologies has developed evolutionary vanadium flow batteries. Incubated at the Clean Energy Business Incubator Program (“CEBIP”) within Stony Brook University in New York, the company is building upon the strengths of vanadium flow batteries to revolutionize the world of residential and industrial energy storage. In part, StorEn’s technology has enhanced the electrical efficiency of the stack and energy density of the electrolyte and module, ultimately reducing costs and improving performance. The company produces products with a battery life of 25 years and more than 15K cycles. That company takes pride in offering batteries that meet consumers demand for efficient, durable and cost-effective energy storage, enabling self-consumption of self-produced electricity and the transition toward a carbon-free economy. For more information, visit the company’s website at www.StorEn.tech. NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies are available in the company’s newsroom at https://ibn.fm/StorEn

FuelPositive Corp.’s (TSX.V: NHHH) (OTCQB: NHHHF) CEO’s Tactical Leader Interview; Appointment of Dr. Claudia Wagner-Riddle as new Agriculture Sector Advisor

  • FuelPositive’s CEO recently appeared on The Tactical Leader podcast, where he shared a background into the company, along with a brief history of himself
  • He also talked about the company’s values and what it plans to achieve going forward, particularly from an environmental advocacy and action standpoint
  • The company also announced the appointment of Dr. Claudia Wagner-Riddle, a professor and researcher at the University of Guelph
  • Dr. Wagner-Riddle will play a key role in helping the company qualify its first pilot project partners in 2022
Ian Clifford, the Board Chair, Chief Executive Officer (“CEO”), and Founder of FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) recently appeared on The Tactical Leader podcast, where he shared snippets of his life story, background on the company, and vision for the enterprise going forward. The Tactical Leader, hosted by Zack A. Knight, a former SWAT operator, police officer, U.S. Army veteran, and entrepreneur, offers a platform for entrepreneurs to share their triumphs and personal stories. Most notably, Mr. Clifford highlighted starting as a photography assistant for Ansel Adams at only 17 years old, a significant moment in his life that created an environmental vision and a “way of looking at the world that was very different” (https://ibn.fm/wqOVg). He also talked about the critical values of the company: accountability, commitment, and kindness, which he noted have been integral in taking the company to where it is today in under a year, primarily since it is only comprised of 12 people but with huge aspirations. “We’re now 12 people. We’re a tiny company in terms of the number of people, but our aspirations are huge. We’ve built this phenomenal team of people as a result of that (commitment to values). We’re very forward with our mission and our values….we’re really serious about that,” he noted. Since its inception in January 2021, FuelPositive has been vocal about environmental conservation. Its flagship green ammonia technology is geared towards solving vital ecological concerns, mainly with CO2 emissions associated with the traditional manufacturing and distribution of ammonia. In the podcast, Mr. Clifford reckoned that environmental preservation and conservation remain at the core of FuelPositive’s operation. “We’re tiny, but have huge influence. This is why we look seriously at the impact of every step of our technology, not just the outcome of the product being carbon-free or non-polluting…We’re passionate about that,” he added. This commitment to conserving the environment and having as little impact on it as possible, especially in the agricultural sector, has seen FuelPositive appoint Dr. Claudia Wagner-Riddle as its charter agriculture sector advisor. Dr. Wagner-Riddle, a professor and researcher at the University of Guelph, shares the same passion as FuelPositive to reduce the planet’s carbon footprint. She lends her years of experience as a professor and as a researcher, particularly from an internationally-renowned research program that utilizes the measurement of greenhouse gas emissions to determine the carbon footprint of food, fuel, and feed produced by agriculture. “I am pleased to be working with FuelPositive- a young Canadian company whose technologies and products have the potential of making a significant impact on the reduction of greenhouse gases. We share the same passion to reduce our carbon footprint and I’m thrilled that my experience has direct relevance to inform the FuelPositive team members as they build and begin to market their green ammonia production systems,” she noted (https://ibn.fm/M11aH). Dr. Wagner-Riddle’s appointment comes just in time as the company is building its first full-sized green ammonia production units to launch several “real world” demonstration pilot projects throughout 2022. She will play an integral role in helping the company qualify its first pilot project partners. “It is our belief that the best way to deliver excellence is to invite excellent people to join our team. We are delighted to have Dr. Wagner-Riddle advising us, as we build our green ammonia production systems, to help farmers reduce their carbon footprint and take control of their fertilizer and fuel supply,” noted Mr. Clifford. “Her knowledge of the impact of farming on the environment and the impact that climate change has on farming is already ensuring we are making the right decisions to provide the maximum benefit to farmers,” he added. Listen to The Tactical Leader podcast in its entirety here https://nnw.fm/mdvUG https://ibn.fm/k1e3A 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

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Signs Agreement with NSP to Develop Revolutionary Rare Earth Metal Technology

  • New tech has potential to reduce costs of production, energy consumption and greenhouse gas emissions
  • MOU key step in building a new, environmentally friendly REE supply chain in the United States
  • Two companies to create a new entity that will hold exclusive license to the technology as it specifically relates to REE metal making
Energy Fuels (NYSE American: UUUU) (TSX: EFR) is partnering with Nanoscale Powders LLC (“NSP”) with plans to develop a novel technology for the production of rare earth elements (“REE”) metals (https://ibn.fm/FO5x2). In the announcement, Energy Fuels noted that the Nanoscale’s patented rare earth metal-making technology has potential to revolutionize the rare earth metal space. “We believe this technology, which was initially developed by NSP, and will be advanced by the company and NSP working together, has the potential to revolutionize the rare earth metal making industry by reducing costs of production, reducing energy consumption, and significantly reducing greenhouse gas emissions,” the company stated when announcing the execution of the memorandum of understanding (“MOU”). “Producing REE metals and alloys is a key step in a fully integrated REE supply chain, after production of separated REE oxides and before the manufacture of neodymium iron boron magnets used in electric vehicles, wind generation and other clean energy and advanced technologies.” The country’s leading uranium mining company, in 2021 Energy Fuels began making its mark in the REE sector. A newcomer to the space, UUUU is committed to building a new, environmentally friendly REE supply chain in the United States, and the company has made impressive progress, including beginning production of an intermediate rare earth product more advanced than any other U.S. company today. The agreement with NSP is another important step in Energy Fuels’ commitment to this new venture. NSP initially started as a company focused on producing solar-quality silicon metals and refractory metal powders. However, the company eventually began turned its attention to the production of titanium and alloy powders through sodium reduction before its most recent breakthrough — the development of an innovative process to create REE metals from REE oxides. The partnership between the two companies appears ideal, with NSP bringing its tech to the table while Energy Fuels contributes the rare earth material and industrial-scale processing facility. At its White Mesa Mill in Utah, UUUU is currently producing mixed REE carbonate while recovering uranium from natural monazite sands, which are produced as a low-cost byproduct of heavy mineral sands mining in the U.S. and around the globe. Energy Fuels’ REE carbonate is the most-advanced REE product being produced in the country today. According to the MOU, the two companies will create a new entity that will hold an exclusive license to the technology as it specifically relates to REE metal making. The agreement outlines phased development of the project, with Energy Fuels having the right to earn up to a 100% interest in the entity and technology. UUUU will be providing more than $1 million in funding for the project to begin with; in addition, the company agreed to fund future approved annual budgets as required for commercialization of the project, up to a maximum total expenditure of $10 million over three years. “Metal-making is a critical step in the rare earth supply chain,” said Energy Fuels president and CEO Mark S. Chalmers. “Energy Fuels has already restored monazite ‘crack-and-leach’ capabilities to the U.S. at our White Mesa Mill in Utah, where today we are producing a high-purity mixed rare earth carbonate, which is ready for separation. No other company in the U.S. is currently producing a high-purity REE product ready for separation at commercial levels. We are also quickly moving toward adding solvent extraction separation equipment at the Mill and associated permitting that will allow us to produce commercial separated rare earth oxide powders in the coming years. In fact, we are already well advanced with piloting these capabilities on a continuous 24/7 basis at the mill today. “The next step in rare earth processing and refining is turning those separated rare earth oxide powders into usable rare earth metals and alloys, particularly NdPr metal needed for NdFeB magnets used in EVs, wind generation and other technologies,” Chalmers continued. “If successful, Nanoscale’s metal-making technology could be orders of magnitude safer and less expensive than the current established technology. This is the type of technology we as Americans need to develop to produce advanced rare earth materials in a cost-competitive manner, while achieving the highest standards of protection of public health, safety and the environment. Nanoscale Powders has proven their technology on a small scale, and we look forward to working with them to advance the technology to pilot scale, and then to commercial scale in the coming years. Our relationship with Nanoscale Powders demonstrates Energy Fuels’ commitment to fully integrating a domestic REE processing supply chain in the most optimal and environmentally prudent manner possible.” For more information, visit the company’s website at www.EnergyFuels.com. NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU

Flora Growth Corp. (NASDAQ: FLGC) Marks 2021 Close with Product Diversification and Market Expansion

  • Flora Growth recently expanded into Mexico and Spain with its Mind Naturals and Awe CBD skincare brands
  • Additionally, the company ventured into the dry herb market through Vessel brand, its wholly owned subsidiary
  • The recent licensing agreement with Tonino Lamborghini marks Flora Growth’s aggressive product diversification plan that has defined its 2021 calendar year
  • All the decisions and moves made by the company so far have been geared toward growing the company’s market share, expanding its market reach, and increasing value for its shareholders
Flora Growth (NASDAQ: FLGC) completed its first traditional cannabis Initial Public Offering (“IPO”) in May 2021. Within seven months, the company has embarked on an aggressive market expansion and product diversification plan geared toward stamping its position within the cannabis brand space and creating value for its shareholders. Its latest move was expanding into Mexico and Spain with its Mind Naturals and Awe CBD skincare brands (https://ibn.fm/i5Tez). These products, targeted toward younger consumers and the prestige market respectively, incorporate present-day consumers’ expectations by focusing on high-quality products with natural ingredients. They also represent what the company stands for, specifically regarding environmental conservation and the prioritization of social responsibility. Flora Growth has also introduced new product offerings, evidenced by Vessel Brand’s entry into the dry herb market. Vessel Brand, a wholly-owned subsidiary, has made an aggressive push to expand into the market with its line of exclusive products including, but not limited to, all-in-one dry herb smoking kits with an inverted lighter (https://ibn.fm/1QLnQ). Vessel Brand’s offerings add to Flora Growth’s line of products, which so far cover cosmetics, food and beverage, and hemp textiles. Additionally, a recent licensing agreement with Tonino Lamborghini, a luxury brand that operates in high-end designer products, beverage, hotel, and real estate segments, marked another significant move in Flora Growth’s diversification plan (https://ibn.fm/1wzmp). This agreement will see Flora Growth produce and distribute Tonino Lamborghini-branded cannabis beverages for the North American and Colombian markets. It complements the definitive agreement with Avaria Health & Beauty Corp., reached in November 2021, to facilitate growth in sales, particularly for the KaLaya brand (https://ibn.fm/Vqznh). Throughout 2021, Flora Growth has made a constant and aggressive push to grow its product line, venture into new markets, and forge healthy partnerships and relationships with key players within the industry in order to attain increased sales and a more significant market share. The efforts have paid off so far, with key additions to the company’s product line and entry into strategic markets in Europe, Mexico, Colombia, and even North America. The strides made so far lay a firm foundation for the company as it moves into the 2022 calendar year, which promises to be bigger and better. Flora Growth’s focus is on a global scale. As it works towards sustaining one of the largest outdoor cultivation facilities in the world, it is also slowly growing its market share, expanding its market reach, and stamping its position as a key player within the global CBD space. For more information, visit the company’s website at www.FloraGrowth.ca. NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://ibn.fm/FLGC

Lexaria Bioscience Corp. (NASDAQ: LEXX) Expects Study Results to Show its Patented Tech’s Value in Treating Hypertension Patients

  • Lexaria Bioscience is preparing to file an Investigational New Drug application with the U.S. Food and Drug Administration for its patented technology’s use in treating hypertension (high blood pressure)
  • The company has completed multiple studies of the benefits of DehydraTECH(TM), in combination with cannabidiol to combat hypertension conditions and consequentially benefit cardiovascular patients
  • Lexaria recently announced that it is nearing completion of a third human study in which the company expects to further explore whether DehydraTECH-CBD successfully treats high pulmonary blood pressure
  • A comprehensive six-week human clinical study is expected to begin soon
Lexaria Bioscience (NASDAQ: LEXX) is nearing completion of a human clinical study it believes will further its claims that its patented DehydraTECH(TM) technology works effectively with cannabidiol (“CBD”) as a potential treatment for hypertension, which has further potential implications for cardiovascular disease patients. Lexaria’s DehydraTECH technology works with drug substances which are orally ingested and enhances how they are processed into the blood stream without adverse consequences from the transformation process. The company is continuing to generate positive test data through clinical trials as it works toward an Investigational New Drug (“IND”) application filing with the Food and Drug Administration (“FDA”) (https://ibn.fm/jHXZg). The recently completed human clinical study HYPER-H21-3 enrolled 16 volunteers to study acute pulmonary hypertension, administering a single 300 mg dose of a specific DehydraTECH 2.0 CBD formulation to some of them and comparing their results to placebo performance in the remainder of the volunteers. The study has collected blood samples from the volunteers for analysis and expects to report its findings on blood pressure response soon. In cardiovascular conditions, hypertension, or high blood pressure, can lead to an excess of fluid in the lungs that causes difficulty with breathing when acute reductions in oxygen tension known as hypoxia lead pulmonary blood vessels to constrict and arterial pressure to increase. Lexaria’s announcement notes that CBD’s potential as a novel treatment for the pulmonary blood vessel constriction and, as a consequence, for high pulmonary blood pressure has not been explored sufficiently. HYPER-H21-3 evaluates the effects of exposure to hypoxia on the volunteers treated alternatively with placebo or the DehydraTECH 2.0 CBD formulation. The human study joins two others completed this year despite pandemic condition obstacles. The first noted that some hypertensive volunteers achieved a marked drop in blood pressure when administered a DehydraTECH-CBD formulation, in comparison to a control group using generic CBD as a placebo (https://ibn.fm/m8KwR). The second study found DehydraTECH-formulated CBD reduced arterial stiffness in mild-to-moderate hypertension patients in a blinded, placebo-controlled group (https://ibn.fm/ni2c9). A fourth human study, HYPER-H21-4, will evaluate DehydraTECH-CBD as a treatment for hypertension and arterial stiffness over a six-week period. Arterial stiffness naturally increases with age and is associated with increased mortality from diseases such as diabetes mellitus and kidney disorders, as well as the cardiovascular diseases that are the leading cause of death worldwide (https://ibn.fm/7mOQL). Dr. Vernon V S Bonarjee, the head of the cardiology department at Norway’s Stavanger University Hospital, has noted that measuring arterial stiffness may serve as a predictive indicator for determining treatment for cardiovascular disease, even among otherwise asymptomatic individuals, demonstrating the condition’s significance (https://ibn.fm/X3yzJ). 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

Marijuana Company of America Inc. (MCOA) Completes VBF Brands Acquisition, Highlighting Growth Strategy

  • Marijuana Company of America, Inc. has been expanding its portfolio in recent months through acquisitions and partnerships designed to enhance the company’s revenue stream
  • MCOA’s trademarked hempsmart brand of CBD products has been joined by verticals including marijuana cultivator and distributor VBF Brands, CBD brands distributor cDistro, in-store advertiser VapeTV US, and other industry solutions
  • The recent completion of VBF Brands’ acquisition grants MCOA efficiency and sustainable cultivation techniques in its product development
  • Efforts to expand the legalization of recreational and medicinal marijuana at the federal level have been gaining steam again, portending significant opportunities for growth in 2022
As the COVID pandemic nears the beginning of its third year as a global health and economic crisis, the persistence of the underlying virus’ ability to make news with its alterations of everyday life activities continues to sew a measure of insecurity into the fabric of society (https://ibn.fm/W48yz). Amid the concerns generated by the virus’ continued infectiousness, the momentum to establish free access to cannabis’ wellness and recreational properties has gained renewed vigor, heralding the potential for sweeping changes in the coming year (https://ibn.fm/LBFPe). “The growing bipartisan momentum for cannabis reform shows that Congress is primed for progress in 2022, and we are closer than ever to bringing our cannabis policies and laws in line with the American people,” Reps. Earl Blumenauer (D-Ore.) and Barbara Lee (D-Calif.) wrote in a recent memo to the Congressional Cannabis Caucus (https://ibn.fm/hd8Yf). The congressional leaders’ comments were further underscored by Tom Rodgers of cannabis lobby Carlyle Consulting, who added, “We’re going to have a huge debate next year on cannabis, and they want to have that debate before the midterms. … Virtually every committee in the Senate will receive a piece of this.” Cannabis acquisition and product brand builder Marijuana Company of America (OTC: MCOA) has been building its portfolio intently in recent months to dramatically expand its revenues in the legalized cannabis sector, positioning the company to take advantage of the rising swell of pro-cannabis sentiment. On Dec. 15, MCOA announced the completion of its VBF Brands, Inc. acquisition, adding a marijuana cultivator and distributor based in the heart of the country’s largest legal cannabis market. “We are especially intrigued with this acquisition because of VBF’s reputation for high-quality clones and its unique use of its growing space,” MCOA CEO Jesus Quintero stated as the transaction was announced (https://ibn.fm/ZRk2h). “The company employs a three-tiered growing system, thereby maximizing the square footage of its Salinas, California, facility. Few growers offer the efficiency of VBF Brands, Inc., which provides greater efficiency and sustainable cultivation techniques to provide growers with access to locally grown, high-quality clones to grow cannabis flower.” The VBF acquisition follows vertical-building efforts by MCOA that include the addition of cannabidiol (“CBD”) brands distributor cDistro to the company’s trademarked hempsmart CBD retail operation as well as partnerships and investments with cannabis industry operations such as Cannabis Global Inc. and Natural Plant Extract. The non-binding letter of intent signed last month with United Kingdom-based advertising company VapeTV Ltd. and online vape retailer Jasleen Enterprises LLC foretells a new in-store advertising brand named VapeTV US, Inc. that will help draw further attention to the company’s retail operation (https://ibn.fm/iOb6R). MCOA has also launched subsidiaries hempsmart Brazil and hempsmart Uruguay as part of its continuing forays into the international market (https://ibn.fm/VCpsf), and announced a shift in its business strategy as it expands into the legalized cannabis tetrahydrocannabinol (“THC”) industry (https://ibn.fm/XNh4B). MCOA’s acquisition of VBF Brands exemplifies its commitment to remain fiscally prudent as the business grows through exposure to the global cannabidiol sector. The acquisition also grants MCOA the option to acquire 51 percent of former VBF owner Sunset Island Group, Inc.’s (OTC: SIGO) new cannabis growth facility, which is significantly larger than the clone facility operated by VBF and is expected to have an annual income after the first year of operations of over $30 million, once the licenses for mass cultivation, manufacturing, and distribution are finalized. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com. NOTE TO INVESTORS: The latest news and updates relating to MCOA are available in the company’s newsroom at http://ibn.fm/MCOA

BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Announces White-Label Manufacturing Agreement With Averi Health Products

  • BevCanna Enterprises is a diversified health & wellness beverage company which specializes in providing white-label production and distribution solutions to its various partners
  • The company recently entered into a manufacturing and distribution agreement with Averi Health Products, which will see BevCanna market Averi’s diverse range of non-alcoholic, cannabis-infused cocktails
  • BevCanna has recently announced tie-ups with Keef Brands as well as with The Tinley Beverage Company to produce and distribute its products within the Canadian territory
BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), a diversified health & wellness beverage and natural products company developing and manufacturing a range of alkaline, plant-based and cannabinoid beverages and supplements for both in-house brands and white-label clients, has recently announced that the company has entered into an agreement to manufacture and distribute white-label cannabis beverages for Averi Health Products (“Averi”). Averi Health Products is an emerging alternative beverage company founded by Terry Donnelly, former CEO of the award-winning Hill Street Beverage Co. Catering to the rapidly changing consumption preferences of millennials who are increasingly choosing to consume less alcohol than preceding generations, Averi has focused its efforts around creating cannabis and hemp-infused adult beverage options directed at consumers with a discerning palate, who are unwilling to compromise on taste, complexity, sophistication, or social experience. Drawing from a library of over 6,000 flavors, Averi will seek to formulate sophisticated classic cocktails which replicate the flavor profile of some the world’s most traditional and best-selling cocktails, while boasting zero alcohol content. Averi will now seek to introduce its growing portfolio of cannabis-infused beverages into the Canadian market through BevCanna’s unique white-label partnership model, which seeks to provide non-licensed partners with access to the Canadian cannabis market in a seamless and compliant manner. “Averi is a great example of this next generation of beverage creators that are coming to BevCanna to bring its cannabis-infused concepts to life,” said Melise Panetta, President of BevCanna. “Our white-label program gives these brands confidence that its beverages will be produced to the highest quality standards and widely distributed through our extensive Canadian network.” With the global cannabis drinks market set to treble in value by 2024, rising from $1.82 billion at the end of 2020 to $5.8 billion within four years, a range of boutique and global brands have sought to tap the market and capitalize on the stratospheric growth rate witnessed within the sector through the introduction of new CBD-derived beverage products (https://ibn.fm/jC6CO). Through its unique white-label solution that provides robust beverage manufacturing and compliant distribution capabilities in the Canadian recreational cannabis market, BevCanna Enterprises has played a key role in sponsoring the entry of a variety of foreign beverage products into the budding Canadian cannabis-infused beverage market. In early August, BevCanna announced that it had successfully completed the first commercial production run for leading U.S. beverage brand, Keef Brands, with the brand’s cannabis-infused beverages selling out to select provincial distribution boards across Canada (https://ibn.fm/THLip). BevCanna also announced that it had entered into a definitive agreement with The Tinley Beverage Company Inc. (CSE: TNY) (OTCQX: TNYBF) to co-manufacture its award-winning cannabis-infused beverages for the Canadian market, a partnership that will see BevCanna produce and distribute Tinley’s ready to drink product portfolio. For more information, visit the company’s website at www.BevCanna.com. NOTE TO INVESTORS: The latest news and updates relating to BVNNF are available in the company’s newsroom at http://ibn.fm/BVNNF

Mind Cure Health Inc. (CSE: MCUR) (OTCQX: MCURF) Recognized as One of the Best Women-Led Workplaces, Participates in the December 16 Life Sciences Virtual Investor Conference

  • The Great Place to Work organization included MINDCURE in its 2021 list of the Best Workplaces Managed by Women
  • The company was recognized for its employee-oriented perks and programs, which include flexible working hours, monthly team-building events, and a remote work office stipend
  • MINDCURE also participated in the Life Sciences Virtual Investor Conference held on December 16, where executives shared the company’s corporate vision and fielded questions from investors and other attendees
Multiple studies have evidenced that women-led companies tend to perform better and are more likely to have more engaged, inspired, and satisfied employees than male-led firms. A Forbes article summarizing the findings of several of these studies concluded that having more females in executive roles is not only fair, but it is also good for business and employees (https://ibn.fm/lgbXc). The veracity of this conclusion was on display recently when the Great Place to Work(TM), a global authority on building, maintaining, and recognizing high-trust, high-performance workplace culture by leveraging 30 years of research, announced Mind Cure Health (CSE: MCUR) (OTCQX: MCURF) (“MINDCURE”) as one of the Best Workplaces Managed by Women in 2021 (https://ibn.fm/AyxqJ). To be eligible, companies must have been Great Place to Work-certified and have a female President and CEO. The Great Place to Work then determined the best companies based on employee responses to its Trust Index Survey. Helmed by Co-Founder, President and CEO Kelsey Ramsden, MINDCURE was recognized for several of its perks and programs. These include flexible working hours that allow employees to improve their mental and physical well-being, monthly team-building events, and a remote work office stipend that assisted employees in setting up a home office. Headquartered in Vancouver, British Columbia, MINDCURE is a life sciences company focused on innovating and commercializing new ways to promote healing and improve mental health. It comes as no surprise, therefore, that this focus on mental health reflects in the company’s internal operations as seen in the company’s documented perks and programs. In addition to researching psychedelic compounds, which has resulted in the production of synthetic ibogaine, MINDCURE also focuses on developing digital therapeutics (“DTx”) and is, in fact, a member of the Digital Therapeutics Alliance (“DTA”). Elsewhere, MINDCURE participated in the most recent Life Sciences Virtual Investor Conference, a day-long virtual, quarterly event that provides an efficient and unique opportunity for public and private companies to engage with a broader investor base and communicate their strategies. Held on December 16, the event featured live company presentations and interactive discussions. As part of its 30-minute presentation, MINDCURE executives shared the company’s corporate vision and responded to investors’ and other attendees’ questions (https://ibn.fm/F8PJA). Notably, MINDCURE is ideally poised as an attractive investment option for investors interested in investing in psychedelics. This is partly because the company is focused on revolutionizing the mental health industry by researching and developing solutions that prioritize the root causes of mental health issues instead of the conventional symptoms-oriented remedy approach. As such, investors can participate in this revolution as well as propel it forward. So far, the company has begun the production of synthetic ibogaine, a chemically complex psychedelic compound naturally found in plants native to West Africa. Preliminary data demonstrates that ibogaine can be used as a potential treatment for addiction, anxiety disorders and depression, and cognitive enhancement (https://ibn.fm/Pgcxw). Individually, these treatment areas represent significant market opportunities. For instance, the global drug addiction treatment market, which was valued at US$16.47 billion in 2018, is projected to grow at a 7.0% CAGR, reaching US$31.17 billion by 2027 (https://ibn.fm/Nt59D). The anxiety disorders and depression treatment market is projected to expand at a 2.6% CAGR from US$8.5 billion in 2019 to US$13.03 billion by 2027 (https://ibn.fm/YePRl). In addition, researchers at Allied Market Research anticipate that the global cognitive and memory enhancer drugs market will reach $6.6 billion by 2023 from $3.7 billion in 2016, marking a CAGR of 8.6% (https://ibn.fm/UTqM7). Separately, the global DTx market is expected to reach US$13.1 billion by 2026 from US$3.4 billion in 2021, representing a CAGR of 31.4% (https://ibn.fm/ws6FD). To uniquely capitalize on this projected growth, MINDCURE has striven to protect its innovations with provisional patent applications submitted for research and technological advances, as well as maintain a strong financial position. For more information, visit the company’s website at www.MindCure.com. NOTE TO INVESTORS: The latest news and updates relating to MCURF are available in the company’s newsroom at http://ibn.fm/MCURF

PlantX Life Inc. (CSE: VEGA) (OTCQB: PLTXF) (Frankfurt: WNT1) Bolsters its XMarket E-Commerce Strategy with Peter Rubi, LLC Asset Purchase

  • PlantX just entered into an asset purchase agreement with Peter Rubi, LLC, to acquire its assets and assume specific liabilities
  • This acquisition marks a significant milestone for PlantX and adds to the list of purchases for 2021, which so far includes Bloombox Club, New Deli, Little West, and Locavore
  • The move is designed to strengthen PlantX’s e-commerce strategy and expand its market reach in the Midwestern US
  • The two Peter Rubi brick-and-mortar stores will be relaunched under the XMarket brand
PlantX Life (CSE: VEGA) (OTCQB: PLTXF) (Frankfurt: WNT1) just announced having entered into an asset purchase agreement with Peter Rubi, LLC through PlantX Midwest Inc., a wholly-owned subsidiary. Following the arrangement, PlantX has acquired all of Peter Rubi’s assets and assumed specific liabilities, in exchange for $1.2 million in cash, along with 9,188,897 common shares in an authorized share structure of PlantX, valued at $0.2774 per share (https://ibn.fm/k8zzw). Peter Rubi is a critical player in the plant-based market, specifically in the Chicagoland area. The company has a robust e-commerce platform and two brick-and-mortar stores located in Plainfield and Chicago, Illinois. Known for its plant-based catering services and products that include seasonal fruit and vegetable trays, this company has grown to operate at a yearly revenue run-rate that exceeds $7 million. PlantX is confident that this asset purchase will enhance its overall PlantX e-commerce strategy. It will primarily utilize Peter Rubi’s warehousing facilities, extensive customer base, operational potential, and plant-based merchandising expertise to enhance its fulfilling and distribution capabilities and therefore boost growth within the Midwestern American market. PlantX also plans to involve Peter Rubi founders, who will add to its overall human resources and lend extensive operational experience to establish a sustainable plant-based infrastructure within the United States. “We are extremely proud to welcome Peter Rubi into our growing PlantX family under the increasingly iconic XMarket brand,” noted Sean Dollinger, the founder of PlantX. The two Peter Rubi stores will be relaunched under the XMarket brand. The Illinois stores will also serve as new storage and fulfillment centers that will further diversify PlantX’s distribution capabilities, including assisting with orders through the company’s e-commerce platform. Both locations will also feature the XMarket interactive shopping model designed to help grow PlantX’s brand awareness and spur online customer engagement. This asset purchase agreement, dated December 12, 2021, will also feature the payment of a finder’s fee of 1,029,156 common shares at a deemed issue price of $0.2774, in addition to the cash plus common share for the acquisition. A financial advisory fee to an arm’s length financial advisor will also accompany it to the tune of $18,000 and the issuance of an aggregate of 166,763 common shares. PlantX also announced that it plans to complete a non-brokered private placement of up to $10 million in unsecured convertible debentures. These debentures will be convertible into units of the company at a lesser of 20% discount to the closing market price of common shares on the Canadian Securities Exchange (“CSE”), as well as a maximum permissible discounted price on the conversion date under policies of the CSE. Proceeds from this offering will be used as general working capital. “Building on Peter Rubi’s influential presence in the Chicagoland area, this accretive acquisition gives PlantX access to an impressive new community in and around the third largest city in the US, while solidifying our e-commerce market presence and impact in the Midwestern US,” added Mr. Dollinger. “The new acquisition, alongside our ongoing partnership with Chicago Bears Quarterback Justin Fields, one of America’s most beloved plant-based athletes, demonstrates PlantX’s unique approach to building a sustainable legacy in the US,” he concluded. This move marks a significant milestone for PlantX as it works towards becoming the digital face of the plant-based community with its one-stop-shop for everything plant-based. This Peter Rubi asset acquisition adds to the growing list of PlantX acquisitions for the 2021 calendar year, which so far includes Bloombox Club, New Deli, Little West, and Locavore. For more information, visit the company’s websites at www.PlantX.comwww.PlantX.ca, and https://investor.plantx.com/ and view PlantX for Plant-Based Investors. NOTE TO INVESTORS: The latest news and updates relating to PLTXF are available in the company’s newsroom at https://ibn.fm/PLTXF

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