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Tingo Inc. (IWBB) Seeks to List Shares on NYSE; Seeks to Capitalize on Strong Investor Demand for Peer Companies

  • Tingo Inc has recently submitted its application to list its shares on the New York Stock Exchange
  • The company has sought to increase overall liquidity in their shares and drive shareholder returns
  • Peer companies operating within Tingo Inc’s business verticals have enjoyed outstanding returns this year, a testament to the growth in demand for sectors such as e-commerce marketplaces and fintech services
Tingo (OTCQB: IWBB), a digital service agri-fintech technology company focused on foundation-level agriculture and related financial services in Africa, recently revealed that it has applied to list its shares for trading with the New York Stock Exchange (“NYSE”), forming part of the company’s efforts to broaden its appeal to U.S. and international investors. Whilst there are no guarantees that its listing application will be accepted, the Company has reiterated its belief that it will satisfy the NYSE’s initial listing criteria. Dozy Mmobuosi, CEO of Tingo commented regarding the listing application, “I am pleased to announce our plans to list on the New York Stock Exchange. This is an important step forward for Tingo. The NYSE is the main stock exchange the United States and one that will raise our profile to the broader investment community. The bottom-up list will increase liquidity in our stocks and ultimately create shareholder value in line with our international peer groups.” Tingo Inc has based its unique business model around four core pillars, namely – device as a service, mobile voice and data services, the Nwassa Marketplace Platform and Tingo Pay, all of which provide the parent company with exposure to some of the fastest growing sub-sectors within the listed equity universe. However, the African continent’s e-commerce industry still finds itself at a relatively nascent stage; despite being home to a youthful demographic, online retail revenues in Africa accounted for only $20 billion in 2020, equivalent to 3.5% of total retail sales. In absolute terms, that would place the African continent’s e-commerce expenditure below the likes of Australia, despite boasting a population on par with that of China. Tingo Inc’s planned NYSE listing provides global investors with access to a rare and diversified investment opportunity within the African continent, with investors previously constrained when seeking to gain exposure to the latter geography (https://ibn.fm/nLqVp) The company’s prospects however look extremely bright, when compared to its peers; online marketplaces and fintech focused firms have all enjoyed a stellar run thus far this year. South Africa’s MTN Group (JSE: MTN), Africa’s largest mobile operator, has seen its shares appreciate by over 130% year-to-date whilst dLocal (NASDAQ: DLO), a Uruguay-based, emerging markets focused payment platform has seen its shares nearly double since listing in early June, giving the company a market capitalization of over $16 billion. With a stated aim of being into Africa’s leading agri-fintech company, focused on driving financial inclusion, social betterment, and wealth creation within Africa’s agricultural sectors, Tingo Inc ranks amongst the rarest of companies – driving social change whilst simultaneously, boosting shareholder returns. For more information, visit the company’s website at www.TingoGroup.com. NOTE TO INVESTORS: The latest news and updates relating to IWBB are available in the company’s newsroom at https://ibn.fm/IWBB

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Secures CAD $8 Million Financing to Continue Expanding Proprietary Lightning Network PaaS

  • The company also secured an investment by BIGG Digital Assets, Inc., a seasoned investor in cryptocurrency future and owner of an already impressive portfolio of companies and minority investments in that field
  • The Lightning Network is scalable, global, open, inclusive, permissionless, and decentralized, and uses nodes that are connected through multiple channels that enable off-chain, instantaneous, and cheap payments at scale
  • LQwD’s platform makes it easy for businesses, exchanges, and investors, to use the Lightning Network, which offers a viable solution for scaling bitcoin for global microtransactions, designed to reduce transaction fees and improve settlement times
  • The network’s current capacity is estimated at over CAD $246.3 million (USD $198 million), with an average node capacity of approximately CAD $13,680 (USD $11,000), and over 29,000 nodes currently active
Financial tech and digital payment company LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) announced that it secured CAD $8 million (USD $6.4 million) in financing to fund the future expansion of its proprietary Lightning Network Platform, to acquire additional bitcoin as an operating and reserve asset and to cover general corporate and working capital purposes (https://ibn.fm/JJl8x). More specifically, the company closed a previously announced offering of 20 million units at a price of CAD $0.35 (USD $0.28) each with gross proceeds of CAD $7 million (USD $5.6 million). An additional CAD $1,050,000 (USD $845,000) was obtained as a result of the offering’s underwriters, a syndicate led by Canaccord Genuity Corp. and including PI Financial Corp., exercising their over-allotment option and purchasing an additional 3 million units. The financing included LQwD joining the investment portfolio of BIGG Digital Assets Inc. (CSE: BIGG) (OTCQX: BBKCF) (WKN: A2PS9W), a major investor and supporter of cryptocurrency solutions and widespread adoption, following the latter’s investment into the company and its proprietary Lightning Network. BIGG invested CAD $100,000 (USD $80,360) in LQwD, adding it to other recent strategic investments such as WonderFi ($WONDF) and ZenLedger (https://ibn.fm/RNyka). BIGG already owns Netcoins, one of Canada’s leading online cryptocurrency brokerages that makes it easy to buy, sell, and understand cryptocurrency, as well as Blockchain Intelligence Group, a leading developer of blockchain technology search, risk-scoring, and data analytics solutions. “As the crypto market continues to mature and evolve, we believe companies like LQwD will help lead the way in infrastructure and plumbing for crypto payments,” BIGG CEO Mark Binns stated. “Our investment in LQwD shows our support for an established group of entrepreneurs and our continued leadership in the cryptocurrency sector.” Moreover, LQwD entered a strategic services agreement with Netcoins that enables the BIGG company to establish a node on the Lightning Network in what is the first institutional grade Lightning payment channel for both Netcoins and BIGG (https://ibn.fm/8rVqx). Under the agreement, Netcoins will also serve as preferred liquidity provider for LQwD’s virtual currency platform, Coincurve.com, while Blockchain Intelligence Group will provide Coincurve and the Lightning Network with institutional and government grade compliance software. LQwD’s Lightning Network platform-as-a-service allows users to leverage the lightning network infrastructure to send payments instantly, securely, and inexpensively worldwide. The network comprises nodes connected through payment channels, enabling off-chain, instantaneous, and cheap payments at scale. The current Lightning Network capacity is valued at over CAD $246.3 million (USD $198 million), with an average node capacity of approximately CAD $13,680 (USD $11,000) and over 29,000 nodes currently active (https://ibn.fm/u5mWM). These nodes can be monitored and managed with little to no technical expertise required through LQwD’s platform. The Lightning Network was designed as a viable solution for massively scaling bitcoin for global microtransactions. The network dramatically improves on fees and provides instant settlement times. LQwD’s proprietary platform allows users to easily tap into the Lighting Network which offers scalable, global, open, inclusive, permissionless, and decentralized Bitcoin transactions. The network is already built, functioning, and growing, and LQwD sees it as an enabling technology that will bring bitcoin to hundreds of millions of new users worldwide. Even well-known companies such as Twitter and Square have expressed an interest in and enthusiasm about incorporating the Lightning Network into their platforms. By further expanding its lightning Network platform, LQwD can successfully tap into multiple opportunities of the booming cryptocurrency market, which has been growing steadily worldwide over the last few years. The global market was valued at CAD $1.85 billion (USD $1.49 billion) in 2020 and is anticipated to reach CAD $6.14 billion (USD $4.94 billion) by 2030, growing at a CAGR of 12.8% (https://ibn.fm/XTKqk). 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

PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) Celebrates Grand Opening of California Store, Securing International Footprint for Plant-based Ecosystem

  • Plant-based wellness brand builder PlantX Life is expanding its footprint, adding a brick-and-mortar store in San Diego to its flagship store in British Columbia
  • PlantX Life celebrated the San Diego store’s grand opening Oct. 30 with a variety of plant-based brand builders, including the popular food innovator Beyond Meat
  • The San Diego store has more than 4,500 square feet of retail and café space, as well as an education center with resources for increasing consumer awareness
  • PlantX Life’s digital presence includes a weekly podcast series, YouTube channel videos, an informative blog and an e-commerce portal accessible through Walmart’s and Amazon’s marketplaces
  • The company intends to open a third store in Israel in November with a website focused on consumers in that part of the world
  • PlantX Life’s first year-end financial report in July stated the company’s gross revenues had grown to $6.58 million as of March 31
American multinational food processing and commodities trading giant Archer-Daniels-Midland (“ADM”) recently released its second annual list of global consumer trends, highlighting the plant-based lifestyle in its No. 2 position with a note that COVID-19 “has accelerated interest in plant-based (nutrition), as a health-forward alternative for consumers who are paying close attention to their body’s nutritional needs” (https://ibn.fm/WmpwG). The report by the Big Food corporation followed research showing that 18 percent of alt protein buyers in the United States made their first such purchase after the advent of the pandemic and that 92 percent of those first-time buyers expect to continue purchasing meat alternatives (https://ibn.fm/P1uOz). Relative plant-based ecosystem newcomer PlantX Life (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) is growing into a one-stop shopping community brand builder with expectations of capitalizing on the popularity of the plant-based lifestyle, and on Oct. 30 the Canada-based company celebrated the grand opening of its first brick and mortar store in the United States as evidence of its global outlook. “The grand opening event celebrating our XMarket store in (the Hillcrest neighborhood of San Diego, California) is yet another opportunity to increase our company’s profile,” PlantX Founder Sean Dollinger stated (https://ibn.fm/AXmtA). “We are proud of our presence in Hillcrest, and we are eager to serve the local community.” PlantX opened its flagship physical store in Squamish, British Columbia. In addition to the California store, it has acquired a storefront in Tel Aviv, Israel, that will serve as the hub of its activities in that region (https://ibn.fm/NUodQ). The California store’s opening follows the launch of PlantX Life’s XFood delivery service in Southern California, which has been using a ghost kitchen in central Los Angeles since it was announced in July. The new XMarket location has more than 4,500 square feet of retail and café space, as well as an education center displaying a variety of resources such as plant-based recipe cards and videos. In keeping with PlantX’s brand purpose, the retail store will offer high-quality grocery items, cosmetics, wellness products and indoor plants, and the café will feature state-of-the-art equipment and trained baristas. Popular plant-based meat innovator Beyond Meat was among the plant-based brands distributing free product samples at the grand opening, showcasing its registered Beyond Burger as a nutritious and sustainable plant-based option. PlantX is passionately pursuing a mission of becoming the go-to source for all aspects of the plant-based lifestyle with the aim of achieving an Amazon-type ecosystem that promotes consumer wellness and earth-friendly sustainability. The company’s first year-end financial report filed in July stated gross revenues had grown to $6.58 million as of March 31 (https://ibn.fm/LcuQb). 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

Pharmacy POC Lab Testing Growth Underscores Virtues of Avricore Health Inc. (TSX.V: AVCR) (OTCQB: AVCRF) Platform, Partnerships

  • Pharmacy services developer Avricore Health is building its network of lab-grade testing and reporting for select conditions in an effort to make “actionable health information more accessible for everyone”
  • Avricore’s trademarked platform, HealthTab, sustains a growing trend that is counting on community pharmacists to serve their local populations by providing testing to rapidly assess medical conditions
  • The HealthTab platform is cooperative with numerous partners to create an end-to-end testing experience
  • The company aims to be in 600 locations by the end of 2023, and recently expanded its accessibility by opening five new locations in British Columbia
Avricore Health (TSX.V: AVCR) (OTCQB: AVCRF) is increasing access to the innovations of its walk-in pharmacy diagnostic technology thanks to the company’s expansion from key cities in Canada’s eastern locales to sites on the western seaboard, where Avricore hopes to diversify the profile of patients using its service. The addition of five British Columbia outlets through Avricore’s pilot partnership with nationwide pharmaceutical chain Shoppers Drug Mart is expected to serve as an early booster stage for the company’s plans to serve 600 locations by the end of 2023 (https://ibn.fm/XxX3h). Shoppers Drug Mart’s large networks includes the potential of 1,800 pharmacies across Canada, and between Canada, the U.S., and the U.K., there are opportunities for placement in about 110,000 pharmacies overall. Avricore’s announcement last month included news that it had completed the rollout of its point of care platform for providing lab-quality results regarding pre-diabetes. The platform is trademarked as HealthTab, a communications network that draws on data from blood samples and other fluids gathered at trademarked ID Now kiosks (Abbott Diagnostics) using the Piccolo Xpress chemistry analyzer (Abaxis Global Diagnostics). Avricore’s technology has the flexibility to work with an array of new partners to detect additional medical conditions from additional populations as time progresses, utilizing the professional skills of neighborhood pharmacists to oversee the process and sharing the data with the patient, the patient’s medical providers, and researchers interested in advancing science with the help of the identification-free information. The Pharmaceutical Journal recently noted that community pharmacies in England dispense more than 1 billion prescriptions each year, and yet a significant number of patients may suffer adverse reactions to the drugs or simply find them ineffective, which is giving rise to more service oriented approached, like testing, to establish a more personalized approach to prescriptions suited to patients’ individual capacities to benefit from them. “There are 11,400 community pharmacies in England that are less than a 20-minute walk from home for 89% of people,” the Journal states, citing a Pharmaceutical Services Negotiating Committee report (https://ibn.fm/In07E). “…part of the natural evolution of the role of the community pharmacist, from dispensing medicines to providing an increasing number of clinical pharmacy services. Feasibility was underlined by the fact that the service is comparable to existing community pharmacy services (e.g. the influenza vaccination service) and therefore not too onerous.” A Pharmacy Times report earlier this year on the Pharmacy Development Services (“PDS”) 2021 conference’s discussion of point-of-care testing also cited statistics derived from a group A streptococcal (group A strep) testing program in which 278 out of 316 tested patients were found eligible to gain condition management through their pharmacy, and of that number almost half (44 percent) visited the pharmacy during hours in which a physician’s office would be closed, and 43 percent reported having no primary care provider (https://ibn.fm/Y3MaR). “We’ve demonstrated a unique resilience by remaining focused on our goal of creating the world’s largest rapid testing network in pharmacy,” Avricore Health CEO Hector Bremner stated in a June news release (https://ibn.fm/x303p). “We are well on our way to making actionable health information more accessible for everyone and dramatically expanding our network in the coming months.” For more information, visit the company’s website at www.AvricoreHealth.com. NOTE TO INVESTORS: The latest news and updates relating to AVCRF are available in the company’s newsroom at https://ibn.fm/AVCRF

FuelPositive Corp. (TSX.V: NHHH) (OTCQB: NHHHF) Providing Viable Green Replacement for Fossil Fuels as Climate Change Talks Continue

  • The G20 Summit concluded last month to disappointing results because of nations’ weak commitments to net-zero carbon emissions and phasing out coal
  • The UN COP26 conference followed in earnest, and so far, India has made surprising commitments that inject new life into climate change talks
  • With countries expressing reluctance to phasing out fossil fuels given their utility in driving and powering economies, FuelPositive has a game-changing solution
  • FuelPositive’s system manufactures green ammonia that is economical and requires no supply chain because it is produced on site
  • Green ammonia is a perfect carrier for hydrogen, which produces green electricity; it can also generate green energy on its own, providing an avenue to move away from fossil fuels
As curtains closed on the Group of 20 (“G20”) Summit on October 31, bringing to an end two days of negotiations that began October 30, one thing was clear. Despite the inevitable and indisputable catastrophe linked to unchecked climate change, the countries in attendance struggled to make firm commitments on issues such as net-zero carbon emissions and phasing out coal and fossil fuels (https://ibn.fm/U0FCz). Simply put, the results were, by and large, disappointing. With fossil fuels driving nations’ economies and providing heat and energy for citizens in scores of other countries, including China and India, the Summit proved the complexity of coming up with changes that are commensurate with the scale of the environmental challenges resulting from the use of fossil fuels. Still, the leaders reaffirmed their support for the 2015 Paris Agreement to pursue efforts to limit the global average temperature increase to 1.5 degrees above pre-industrial levels (https://ibn.fm/1GAVF). As attention turned to the United Nations Climate Change Conference (“COP26”) that kicked off on October 31 in Glasgow, Scotland, questions abound as to whether the conference would yield better results than the G20 Summit. So far, India, the world’s third-largest emitter, through Prime Minister Narendra Modi, has pledged to reach net-zero emissions by 2070. In addition, the country has promised to cut carbon dioxide emissions by 1 billion tons by 2030. Modi has also committed to increasing non-fossil fuel power capacity from the previously announced 450 gigawatts (“GW”) to 500GW by 2030 when half of the country’s electricity will come from renewable energy. Through these pledges, Modi “surprised delegates at the COP26 climate summit,” injecting “new life into talks that had been set back by a disappointing outcome from the Group of 20 meeting in Rome.” According to a Bloomberg article (https://ibn.fm/wB3YN), India’s goal, though two decades behind rich nations such as the UK and US, “is compatible with what scientists say is needed to avoid catastrophic global warming.” Through its commitment to clean energy technologies, such as green ammonia (“NH3”), Toronto-based FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) provides a viable and actionable solution for countries such as India that are seeking to eliminate fossil fuels. The company also offers a much-needed resolution to challenges plaguing climate change talks, from the G20 to the COP26. For the G20 Summit, for instance, fossil fuels appeared to have a stranglehold on countries’ decision-making because they drive economies and power countries – fossil fuels supply about 80% of the world’s energy. At the same time, however, fossil fuels, along with industries, account for 89% of global CO2 emissions (https://ibn.fm/7BNK7). So, on this front, green hydrogen is being considered as an ideal avenue to move away from fossil fuels. Hydrogen offers the ability to store surplus renewable energy; decarbonize long-distance transport and industries, which are hard to electrify; and replace fossil fuels because it is a zero-carbon energy source. However, experts in the climate change community are cautious about hydrogen. Its production is energy-intensive and, up until now, emits considerable CO2 (https://ibn.fm/hcLxq). Further, hydrogen presents storage and distribution challenges. This highly volatile element, which is lighter than air and the smallest molecule, has a propensity to escape, requires expensive and safe storage in pressurized containers. It also embrittles steel pipes, further complicating storage and transportation attempts. Herein lies the key strength of FuelPositive. The company offers a game-changing solution through its modular, proprietary technology, which produces green ammonia on-site using water, renewable energy, and air. For one, the FuelPositive system has no CO2 emissions. Secondly, being a perfect hydrogen carrier, green ammonia stores 65% more hydrogen than highly compressed hydrogen. Therefore, end users can simply convert the green ammonia to hydrogen for electricity production in a hydrogen fuel cell or combust it in ammonia powered turbines. Ammonia, green or grey, is easy to store – we have 100 years of experience successfully and safely storing it. FuelPositive’s green ammonia solves the challenges associated with distributing hydrogen because it is produced on-site. In addition, green ammonia can be used on its own as fuel without converting it back to hydrogen. In fact, liquid green ammonia has a higher raw energy density than both liquid and compressed hydrogen (https://ibn.fm/3hgFe). FuelPositive expects to rollout demonstration units and programs for its green ammonia technology throughout 2022, a timely release especially given the renewed drive to address climate change as a direct impact of the G20 Summit and COP26. 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

“Heck Yeah” FDA OTC Hearing Aid Proposal Music to Ears of Consumers, InnerScope Hearing Technologies Inc. (INND)

  • FDA wants a new category of OTC hearing aids for people with mild to moderate hearing losses that generally go without any hearing assistance
  • The proposed regulation benefits InnerScope, a direct-to-consumer company selling innovative hearing products, including an FDA-registered Bluetooth app-controlled self-adjusting hearing aids
  • InnerScope has made two substantial acquisitions in 45 days, one completed with iHear Medical Inc. and HearingAssist, which expects $150+ million in revenue by 2024 anticipated to close this month.
Historically, hearing aids have been very expensive, bulky, and inexplicably lacking sufficient (if any) insurance coverage. But, finally, times are changing, and the FDA is spearheading a charge towards affordability and accessibility for up to 70 million Americans suffering from impaired hearing. So the timing couldn’t be better for InnerScope Hearing Technologies (OTC: INND) to be innovating in the market, offering its hearing aids and related goods on multiple websites and striking a deal to buy one of the biggest names in the business. Hearing loss is more damaging than may appear at first blush. It is a serious drag on quality of life, causing people to be withdrawn and embarrassed because they can be viewed as confused or uncooperative simply because they can’t hear well. As it happens, people with hearing loss are more than twice as likely (11% vs. 5%) to suffer from depression as the general population. Sadly, only about 1 in 5 people that would benefit from a hearing aid actually seek help, creating a massive void in healthcare. In a landmark proposal, the FDA wants to see a new category of over the counter (“OTC”) hearing aids catering to people with mild to moderate hearing loss that generally go without any hearing assistance. Incidentally, the initiative is personal to Health and Human Services Secretary Xavier Becerra, whose own mother was bilked out of money by an unscrupulous hearing aid manufacturer. The FDA has also set its sights on cracking down on those manufacturers of sound amplification devices skirting regulations to prey on consumers. These regulatory changes, which still must undergo a 90-day comment period before a 60-day implementation deadline, are beneficial to direct-to-consumer specialists like InnerScope, which manufactures, develops, distributes, and sells innovative hearing health-related products, solutions, and treatments, including an FDA-registered Bluetooth app-controlled self-adjusting hearing aids and personal sound amplifiers products. The California-based company has recently launched its world-class hearing aids, and related products on MyHearIQ.com, FSAstore.comHSAstore.com, and WellDeservedHealth.com, focusing on affordability by targeting consumers enrolled in flexible spending accounts (“FSA”), health saving accounts (“HAS”), and employers’ health incentive programs. InnerScope has partnered with the online retailer and industry leader in the U.S. tax-free healthcare market. Furthermore, the company’s hearing aids and other portfolio products qualify as eligible for FSA and HSA users and are the only company on the retailers’ websites to offer hearing aids. InnerScope’s founders and their heritage has been in the retail hearing device business for 70+ years, is amid a growth phase spurred on by an aggressive growth strategy. On October 5, the company announced it completed an acquisition of iHEAR Medical Inc., a pioneer in online direct-to-consumer hearing solutions with a loyal client base. The merger also widens the InnerScope product bag, including adding iHEARtest(TM), the only FDA-Cleared home hearing screener, advanced FDA-Registered hearing aids, and the TReO(TM) Personal Sound Amplification Product (“PSAP”). iHEAR’s distribution network is diverse, including the likes of CVS Pharmacy, Cardinal Health, AmerisourceBergen, Western States Pharmacy Coalition (WSPC), Good Neighbor Pharmacy, FSA Store, Amazon, Ameritas, and VIA Benefits, to name just a few. On October 19, InnerScope struck another major deal, inking a Letter of Intent to acquire Hearing Assist II LLC. The LOI is expected to follow a definitive agreement with a targeted closing date of November 15, 2021. Founded in Virginia Beach 13 years ago, HearingAssist was years ahead of the Eargo “Heck Yeah!” guy as the first DTC hearing aid company to use mass national television marketing to create a recognizable brand as America’s #1 Affordable Hearing Brand (National Television Commercial). Since its inception, HearingAssist has sold more than 500,000 hearing aids to nearly 400,000 customers via direct-to-consumer or through retail partners. The company sells products via multiple channels, including 757 Walmart stores in five states, and has generated $72+ million in revenue with its national television commercials through July 2021 With the expected OTC Law coming into effect in 2022, HearingAssist brand revenue projections are expected to exceed $150 million annualized by 2024. For more information, visit the company’s website at www.INND.com and the company’s e-commerce website: www.MyHearIQ.com. NOTE TO INVESTORS: The latest news and updates relating to INND are available in the company’s newsroom at https://ibn.fm/INND

Simply Sonoma Inc. Looking to Establish Strong Presence in Growing CBD Skin-Care Market

  • The CBD skin-care sector has been projected to reach $1.7 billion by 2025
  • Market growth has been driven by rising awareness about the benefits of CBD-infused beauty products.
  • Simply Sonoma anticipates releasing an array of face and skin creams, moisturizers and beauty products.
Interest in cannabidiol, or CBD, is exploding as the substance has been shown to have myriad benefits. A chemical derived from cannabis, CBD has been included in everything from gummies to dog treats and more. One of the sectors showing impressive potential is skin care, a market that has been projected to reach $1.7 billion by 2025 (https://ibn.fm/a33ND). Simply Sonoma is positioning itself as a strong player in the field as the company focuses on the development of a wide array of skin-care products. “The global CBD skincare market size was estimated at USD$234.1 million in 2018 and is projected to grow at a CAGR of 32.9% over the forecasted period, from 2019 to 2025,” a Million Insights article reported. “The market growth has been majorly driven due to rising awareness about the benefits of CBD-infused beauty products. . . “Cannabidiol is gaining popularity due to its relaxing, anti-anxiety and pain-relieving properties,” the article continued. “The growing adoption of CBD-infused skincare products in developed regions supported by the legalization of cannabis cultivation is projected to drive the market growth over the forecast period.” The article noted that CBD-based beauty products are effective and safe for all skin types. “[CBD] is highly beneficial to people who are facing acne, dryness, inflammation and sensitive skin problems,” Million Insights observed. “Due to its high inflammatory property, CBD is used for the skin’s natural healing process and reducing breakouts. It also acts as an antioxidant that helps in reducing early signs of aging and reduces the pain caused by inflammatory skin problems.” Companies eyeing growth opportunities in the space are looking at offering CBD-infused oils, creams and moisturizers, serums and masks, cleansers and more. According to Million Insights, the skin-care oil category is the largest piece of the CBD skin-care pie, coming in at 41% market share in 2018. However, while oils remain strong, masks and serums are projected to see the CAGR, projected to be more than 33.5% from 2019 to 2025. “The CBD-based serum and mask are expected to gain a significant share over the forecast period. This scenario is anticipated to boost the product demand among consumers owing to its easy application and deep absorption in the skin,” the reported stated. Simply Sonoma is looking to leverage its CBD expertise as it develops an organic beauty product line. The company anticipates releasing an array of face and skin creams, moisturizers and beauty products (https://ibn.fm/fx1Tk). Simply Sonoma is a different kind of natural company. The company is committed to creating high-quality products using all-natural, organically sun-grown, plant-based ingredients. In addition, because the company is committed to minimizing its carbon footprint, it operates off the grid, relying on solar power. For more information, or to invest in Simply Sonoma, visit the company’s website at www.SimplySonoma.org. NOTE TO INVESTORS: The latest news and updates relating to Simply Sonoma are available in the company’s newsroom at https://ibn.fm/Sonoma

SRAX Inc. (NASDAQ: SRAX) Successfully Hosts the 2021 LD Micro Main Event on October 12-14, 2021

  • SRAX hosted the 2021 LD Micro Main Event between October 12-14, 2021
  • Marking a return to an in-person conference after nearly 2 years, the event was held at both, Los Angeles’ Luxe Sunset Bel Air Hotel as well as in a virtual format
  • The conference featured 139 companies in attendance, each of whom carried out a 25-minute presentation for the public
  • The LD Micro Main Event is the latest highlight within an extensive conference series designed by SRAX and Sequire to offer added value to their burgeoning investor community.
SRAX (NASDAQ: SRAX), a digital marketing pioneer focused on providing consumer data management services, has announced the successful conclusion of the 2021 LD Micro Main Event, which was held in a simultaneous fashion, both in-person at Los Angeles’ Luxe Sunset Bel Air Hotel as well as in a virtual format, through the company’s dedicated Sequire Virtual Events platform between October 12-14, 2021 (https://ibn.fm/v8K02). LD Micro was founded by Chris Lahiji in 2006 for the sole purpose of being an independent resource in the microcap space. Having started life as a newsletter focused on companies with small and mid-cap market capitalizations, LD Micro has grown into a well-respected data and event company, having hosted over 1,600 companies at its various events since the conference series’ inception in 2008. In addition to providing investors with access to unique investment gems, the events have also served to provide exposure to companies that have gone on to great success, including the likes of OptimizeRx Corp. (NASDAQ: OPRX), which replaced Lydall Inc. (NYSE: LDL) in the S&P SmallCap 600 on Monday, October 4th, 2021. This year’s three-day event marked a return to an in-person format for the LD Micro Conference after nearly two years, and featured 139 companies in attendance, each of whom carried out a 25-minute presentation in both in-person and virtual formats, thus catering to thousands of conference delegates in attendance. The following list depicts some of the most viewed company presentations at this year’s conference: SRAX has revealed that all presenting company video calls will be available to view for a period of 3 months. Interested viewers can visit the event website to see all of the presentations: https://ldmicrojune2021.mysequire.com/ Boasting a network of over three million influential, forward-thinking investors and shareholders, the Sequire platform has established a robust reputation as a venue where investors can congregate to learn, share, and network on a wide range of industry related topics. The LD Micro Main Event is the latest highlight within an extensive conference series designed by SRAX and Sequire to offer added value to their budding investor community. 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

StraightUp Resources Inc. (CSE: ST) Positions Itself Among Major Mining Companies After Securing Right of Exclusivity with Premier Silver Corp.

  • StraightUp has entered an ROE with Premier Silver Corp. that secures it 60 days of exclusivity to negotiate an agreement on the acquisition of Premier and its underlying assets
  • Premier’s acquisition would give StraightUp a shot at tremendous upside potential in silver exploration and building assets where silver forms the primary product in mining the material
  • Premier is a crucial player in the junior mining industry, having raised over $10 million in private funding to date
  • Its main asset, the Mallay Mine & Processing Plant, is one of the largest silver mining packages in Peru
StraightUp Resources (CSE: ST) has been on a mission to expand its market reach and grow its mineral exploration domain, primarily through acquisitions. In 2021 alone, the company has added the West Cat Mine, a historic mine in Nevada, to its property portfolio. It is a significant move on its part and one that places it among some of the top players in this sector (https://ibn.fm/scIaX). In a move to further expand this portfolio, StraightUp has announced having entered into a right of exclusivity agreement (“ROE”) with Premier Silver Corp, where the latter is set to acquire all of Premier’s outstanding shares from current shareholders (https://ibn.fm/pO4W1). The ROE provides StraightUp and Premier with the opportunity to exclusively negotiate an agreement on the acquisition of Premier and its underlying assets over the period of 60 days. This period will involve the completion of further due diligence on any ongoing project(s) and the company itself, as well as the negotiations of the terms of a definitive purchase agreement with Premier. Premier Silver Corp has been a significant player in the junior mining industry. Formed by a group with combined 100-plus years of experience, the company has created over $1 billion in shareholder value and raised over $700 million in capital. In 2020, Premier concluded commercial discussions with NYSE-listed Buenaventura (NYSE: BVN) and acquired one of Peru’s largest silver mining land packages- the Mallay Mine & Processing Plant. Premier also acquired over $120 million in capitalized expenditures, coupled with Mallay’s exploration and development assets. Located just four to five hours’ drive north of Lima, the Mallay plant was constructed between 2010 and 2011 at the cost of $128 million, making it a vital asset of the Mallay Property. StraightUp is confident that this acquisition will provide an opportunity for further exploration while also allowing it to position itself among key mining companies within the industry. Mark Brezer, the President and Chief Executive Officer (“CEO”) of StraightUp, reckoned, “Premier Silver is a turnkey operation while providing an opportunity for further exploration. StraightUp has again positioned itself among major mining companies and their projects.” Peru currently has more silver resources than any other country. It is also ranked second in the world in silver production. Silver is also one of the most undervalued commodities globally, which offers a tremendous opportunity and a significant upside for StraightUp, not just in silver exploration but also in building assets where silver forms the primary product in mining the material. “Taking a stake in a country that contains more silver resources than any other country and is ranked second in the world for production gives us a shot at tremendous upside potential, especially if we see a strong decade ahead for metals. We are optimistic our companies can synchronize to mutually benefit one another and shareholders alike,” added Mr. Brezer. Premier was initially created to identify and acquire a de-risked project designed to offer shareholders access to silver. The company recognized that the junior mining market had started to search for projects quick to cash flow, hence its investment in Mallay. Its assets, so far, have placed the company in a unique position to offer leveraged market exposure to the silver industry, as has been demonstrated by raising over $10 million in private funding to date. “I look forward to continuing our discussions with StraightUp in progressing due diligence and potential corporate transactions,” noted Duncan Gordon, the founder and chairman of Premier Silver Corp. StraightUp’s board of directors has, however, not provided any assurance that the ROE will result in a corporate transaction with Premier. For more information, visit the company’s website at www.StraightUpResources.com. NOTE TO INVESTORS: The latest news and updates relating to ST are available in the company’s newsroom at https://ibn.fm/STR

Sugarmade Inc. (SGMD) Continues Commitment to Excellence as Cannabis Bill Creates State Regulatory Framework

  • Assembly Bill 45 provide clarity for the hemp industry and reassures consumers that products are independently tested and labeled properly
  • Bill allows the sale of hemp-derived extracts that comply with testing and labeling standards
  • SGMD, Nug Avenue committed to providing convenient mobile ordering and online access to its exclusive, quality products
Keeping in line with its reputation for leading the way forward in cannabis acceptance and legislation, California lawmakers and government officials have approved an historic hemp bill (https://ibn.fm/nOjeK). The bill — Assembly Bill 45 (AB-45) — creates a comprehensive regulatory framework for the manufacture and sale of hemp-derived products in the state. California-based companies that are committed to providing high-quality product and excellent services, such as Sugarmade (OTC: SGMD), welcome the legislation, which went into effect immediately. “While CBD products are freely found in stores, they are considered ‘adulterated’ under existing California law, which is defined under the Sherman Food, Drug, and Cosmetic Law,” stated a “High Times” article reporting the legislative news. “What AB-45 will do is provide clarity for the hemp industry  — more importantly, reassuring hemp consumers that products are independently tested and labeled properly.” Other leaders in hemp celebrated the bill as well. “California has been an industry leader in both cannabis and hemp throughout the years but not without its shortcomings and challenges,” Blake Schroeder, CEO of Medical Marijuana, Inc. told High Times. “We have witnessed the many back-and-forth debates with respect to hemp and CBD, even after its federal legality was outlined by the 2018 Farm Bill,” said Blake Schroeder, CEO of Medical Marijuana Inc. “We welcome the new focus on safety and consistency set by AB-45. Our company created many of the testing standards that most major players in the industry still use today. We hope that this bill helps weed out the companies that are selling fake or inaccurately labeled products.” The bill, which California Governor Gavin Newsom signed on Oct. 6, 2021, explicitly allows the sale of hemp-derived extracts that comply with testing and labeling standards, most notably CBD. Sugarmade is a majority owner and operator (70%) of Nug Avenue, a cannabis-delivery services based in southern California that offers hand-selected, top-shelf products. The company is committed to providing convenient mobile ordering and online access to its exclusive, quality products. In addition, the company is focused on strategic growth and expansion, with an in-house tech team that is dedicated to developing next-generation cannabis delivery experience. For more information, visit the company’s website at www.Sugarmade.com. NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://ibn.fm/SGMD

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