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Friendable Inc. (FDBL) Announces Growth for First 100 Days of 2022, Driven Largely by Artist Republik and FeaturedX Acquisition

  • In January 2022, Friendable Inc. and its Fan Pass Live artist platform completed the acquisition of Artist Republik (including FeaturedX), creating the first 360 artist offering available to independent artists who desire total control of their music
  • All efforts made since the acquisition have led to visible key indicators of growth and scale as reported by stripe merchant reporting – including revenue per subscriber, spend per customer, and subscriber lifetime value
  • CEO Robert A. Rositano Jr. expressed admiration for his team, having only launched Fan Pass Live in 2020, and now seeing remarkable growth across the industry as the first 360 platform artist offering
Since acquiring Artist Republik (including FeaturedX) in January 2022, Friendable (OTC: FDBL) has seen consistent growth across all facets of the business. The company has recently reported on its first 100 days of growth for its 360 artist platform offering, with a lot of the increase in numbers being closely attributed to Friendable’s Fan Pass Live artist platform taking the Artist Republik brand under its wing and successfully upgrading systems, rebuilding technologies, migrating/consolidating support, cross-promoting the entire 360 artist offering, and integrating brand messaging (https://ibn.fm/JjgqF). The company’s efforts have led to visible key indicators of growth and scale, allowing the focus to be on its delivery of targeted marketing messaging, industry word of mouth, and other forms of awareness that have led artists to Friendable’s Fan Pass Live artist platform offering. The key metrics being reported for Artist Republik during the first 100 days of 2022 include: January 4, 2022 – April 21, 2022 (source: stripe merchant reporting)
  • Revenue per Subscriber – up 107.3% (an average of $10.72 per subscriber)
  • Spend per Customer – up 28.3% (an average of $34.12 per customer)
  • Subscriber LTV (Lifetime Value) – up 168.5% (an average Lifetime Value of $214.45)
“The reward of seeing results continues to motivate and point our team in the right direction, as our collective efforts of testing, iterating, testing, testing, and more testing pay off. We must constantly look at the macro vision and direction, but it’s the micro-levels of detail that provide the most valuable data as we seek the next milestones in artist sign-ups, fan engagement, and conversions to purchases of all kinds which is what the above results are showing us,” Friendable CEO Robert A. Rositano Jr. stated. He went on to explain that the company continues to be on the correct path, doing everything at a pace the business can keep up with, as it continues to explore new avenues and opportunities for explosive growth. “I can’t say it enough, but without our talented team internally and all of our partners, we would certainly never have made it to this place; it’s sometimes hard to believe how far we have come with the launch of our first artist offering less than 20 months ago, an acquisition just over three months ago, and the team continues to move through each challenge and deliver an amazing product with an unmatched level of support, and that’s not coming from me, this is straight from the artists and reviews being received by the Company,” Rositano Jr. added. “Thank you once again to my partner, brother, and CTO, Dean Rositano, our team, our partners, and our shareholders; 2022 has only just begun.” The Fan Pass Live app is available on Google Play and Apple. Alternately, users can visit www.FanPassLive.com to sign up for the 7-day free trial, which provides an all-access VIP experience and is only $2.99 per month after the initial trial. Artists also receive revenue (up to 40%) from these subscriptions. For more information, visit the company’s websites at www.Friendable.com or www.FanPassLive.com. NOTE TO INVESTORS: The latest news and updates relating to FDBL are available in the company’s newsroom at http://ibn.fm/FDBL

Lift&Co. Expo Toronto 2022 Offers New Businesses Market Visibility and Investor Opportunities

The year 2022 promises new business alliances in the cannabis trade ecosystem. Bearing testament to this global phenomenon, Lift&Co. Expo 2022, Canada’s No. 1 cannabis conference and trade show, is being held at the Metro Toronto Convention Centre from May 12-15, 2022. Global thought leaders, innovators, traders, and regulators of the cannabis ecosystem will assemble at the event to discuss, discover, and educate, surrounding the latest developments in this industry. Cannabis companies and budding entrepreneurs are invited to participate in the event, which includes the new CannaVest North Investment Forum, designed to connect aspiring companies with potential investors. CannaVest North will take place May 13-14 within the broader dates of the full Lift&Co. Expo. The event also offers access to a wide knowledge base on the current cannabis legislation and regulatory framework. Eminent leaders of the cannabis space will offer insights on how to build a consumer base and nurture engagement, as well as raise capital to take businesses to the next level. Educational opportunities include the Lift Cannabis Business Conference on May 12, as well as a wide array of speakers and panels throughout the expo dates of May 13-15. Young companies can showcase their products, services and creative ideas in the expo hall, as well. Hosting a booth at Lift&Co. Expo is the ideal entry point to connect with industry members, retailers, consumers, and patients, and develop key networking ties. All told, Lift&Co. Expo is a spectacular opportunity for cannabis businesses of all sizes and categories. Participants can share their knowledge as speakers or panelists, and partnership packages and exhibit spaces are also available for sale for those who seek to market their brand to this covetable audience. Attendees can leverage the expo to its full potential by making the most of the Industry Days, May 13-14, that offer networking among 1000s attendees and exhibitors. Join hands with peers and discover new brands from the 250+ exhibitors at Lift&Co. Expo Toronto 2022. To learn more, please visit https://liftexpo.ca/.

Prime Harvest Inc. Is ‘One to Watch’

  • Prime Harvest is leveraging a long-term strategy of investing in the growth and scale of licensed assets in California, anchored by the power of data-driven technology
  • Its flagship brand, Jaxx Cannabis, aims to use technology to facilitate a true customer-centric culture while enhancing the overall craft cannabis experience
  • The company is committed to the goal of creating a more sustainable environment, now and in the future
  • Prime Harvest is a proud member of the Community Alliance Program, a foundation that seeks to make a difference in local communities
  • The company’s leadership team boasts over 100 years of combined hands-on experience in cannabis genetics, cultivation, extraction, production, retail, marketing, regulation and consumer market development
Prime Harvest, based in San Diego, California, is a technology-focused, full-service cannabis company with horizontally diversified operations spanning various segments of the cannabis value chain, from licensing acquisition and compliance management to direct-to-consumer operations. The company is leveraging a long-term strategy of investing in the growth and scale of licensed assets anchored by the power of data-driven technology to expand its footprint throughout California. Sustainability is key to Prime Harvest’s corporate vision. The company aims to ensure that the communities it serves capture their fair share of the fruits of the industry’s growth, including financial profit, employment opportunities, environmental enrichment and impactful innovation through R&D and education. The company’s mission is to appeal to the ethos of the cannabis consumer by setting a new operational standard emphasizing accountability, sustainability and community. With this commitment, Prime Harvest continues to work toward positively affecting millions of lives through the creation of a world-class platform that caters to strengthening the commercial cannabis pipeline. Jaxx Cannabis Jaxx Cannabis is the flagship brand in Prime Harvest’s portfolio. Through Jaxx Cannabis, the company aims to use technology to facilitate a true customer-centric culture while enhancing the overall craft cannabis experience. Jaxx features an expertly curated selection of premium products from some of the most respected brands in the thriving California market. Key values serving as the foundation of Jaxx Cannabis include:
  • Creating and nurturing a welcoming culture for all
  • Unlocking the true potential of customer value
  • Being innovative in uncovering new ways to grow both the company and the industry
  • Meeting the wants and needs of consumers to promote profitability
  • Remaining accountable for the results of its operations
It is these values that differentiate Prime Harvest and Jaxx Cannabis in the California cannabis sector. Brand Partnerships Prime Harvest works diligently to establish strong alliances with complementary brands that are in alignment with its culture and values. Through a combination of deliberate foresight and strategic action, the company seeks to grow existing cannabis brands and continuously discover new, high-potential performers that are primed for long-term success. These partnerships enhance Prime Harvest’s efforts to transform the world’s cannabis access and bring its consumers high-quality products that are fair for both people and the planet. Responsibility Prime Harvest remains committed to the goal of creating a more sustainable environment, now and in the future. Concern for human beings and the environment can be observed in every facet of its operations, including its ongoing R&D activities dedicated to exploring methods of reducing and repurposing waste into composite materials and exploring the potential of the hemp plant for industrial and wellness contributions. The company is a proud member of the Community Alliance Program, a foundation that seeks to make a difference in local communities by providing financial assistance for educational programs, housing homeless veterans, creating urban farms, and holding local arts initiatives for children and adults. The program also helps explore the natural healing attributes of medical cannabis through research, development, clinical trials, and advocating for the safe access of cannabis to those in need. Market Overview Ongoing changes in U.S. state government policies toward cannabis are expected to cause demand for legal marijuana to surge. In addition, the number of indications for which medical marijuana is prescribed continues to increase. These factors are expected to rapidly boost legal sales of cannabis products. Legal sales across the U.S. hit a record of $17.5 billion in 2020, marking an increase of 46% over 2019, according to Forbes. This strong growth is expected to continue. According to a Grand View Research report, the global legal marijuana market is forecast to grow at a CAGR of 26.7 percent from 2021 to 2028. California – Prime Harvest’s home state – has consistently led the pack in terms of U.S. cannabis sales. The Motley Fool pegged cannabis spending in the Golden State at $3.8 billion in 2020, more than doubling the second state on its list. Leadership Team The Prime Harvest team is composed of true experts in their respective fields focused on building a world-class organization capable of driving the cannabis industry and movement forward. E. Duane Alexander is the company’s Founder and CEO. He brings to the team more than 25 years of real-world, hands-on cannabis retail, marketing and commercial operations experience. Mr. Alexander has championed 40+ cannabis license applications throughout the western U.S. to date. John Wilczak is the COO of Prime Harvest. He has 30+ years of executive management, strategy development & configuration experience with GE, pharmaceutical and agriculture companies. Mr. Wilczak is a Brown & Columbia MBA with vast knowledge of technology driven intellectual properties. Andrea Jenson is the Chief Financial Officer of Prime Harvest. As CFO, she is responsible for all the company’s financial functions, including accounting, corporate finance and investor relations. Her career spans more than 20 years of varied experience in financial management, business leadership and financial strategy. John Kazanjian is the VP of Business Development of Prime Harvest. He has worked over 40 years in business operations, brand marketing, sales and investor/lender communications. Mr. Kazanjian earned his B.S. from Rutgers University and his MBA from Harvard University. Johann Balbuena is the Chief Marketing Officer of Prime Harvest. She has more than six years of experience in California cannabis licensing acquisition and compliance management. Ms. Balbuena has led multimedia production and content marketing efforts for the likes of the Social Club TV app, The Emerald Cup, High Times, Weedmaps and Synergy. For more information, visit the company’s website at NOTE TO INVESTORS: The latest news and updates relating to Prime Harvest are available in the company’s newsroom at https://ibn.fm/PRIME

Delic Holdings Corp. (CSE: DELC) (OTCQB: DELCF) Set to Present Update on its Psychedelic Wellness Ecosystem at Las Vegas MicroCap Event

  • Delic Holdings Corp was founded four years ago, devoted to making psychedelic drug therapies available to patients with hard-to-treat mental and emotional conditions
  • The company’s research arm has received authorization in Canada to work with substances such as psilocybin, MDMA (Ecstasy), LSD, DMT (Dimitri), mescaline and 2C-B
  • In the United States, the company operates the country’s largest chain of ketamine (anesthesia-related medication) clinics for wellness therapies
  • Delic Co-founder and CEO Matt Stang will continue his outreach to investors and other potential sources of industry financing when he presents an overview of the company’s operations and its outlook for the coming year at the annual Planet MicroCap Showcase in Las Vegas May 3-5
During the past decade, cannabis has shed much of its reputation as a patently illegal substance used by stoners, instead gaining some gravitas as a source for health and wellness benefits ranging from anxiety treatment to the first U.S. Food and Drug Administration (“FDA”)-approved cannabis-derived pharmaceutical for the treatment of seizures associated with Lennox-Gastaut syndrome or Dravet syndrome (https://ibn.fm/8ewej). On the coattails of cannabis research, psychedelics research is gaining legitimacy as medical innovators search for other solutions to largely intractable mental and emotional illnesses (https://ibn.fm/QGFB2). Delic Holdings (CSE: DELC) (OTCQB: DELCF), a leader in new treatments and medicines for a modern world, has been helping to lead the charge in the development of psychedelic therapies that, in combination with oversight from mental health professionals, could help patients to obtain a better quality of life while dealing with post-traumatic stress disorder (“PTSD”), suicidality and chronic pain, among other concerns. The company will provide investors and financiers with updated information on its near-term strategy at an upcoming conference in Las Vegas. Delic Labs — the research facility that is the scientific development backbone of Delic Holdings’ ecosystem — recently received authorization in Canada to acquire 60 grams of psilocybin mushrooms for its research and authorization to do additional research with hallucinogenic compounds such as MDMA (Ecstasy), LSD, DMT (Dimitri), mescaline and 2C-B (https://ibn.fm/o4eos). In the United States, Delic Holdings operates the largest chain of mental health wellness clinics in the country providing ketamine (an anesthetic medication that produces a dissociative state) treatments to patients. The clinics currently offer the treatments via IV infusion and a related nasal spray branded Spravato based on the ketamine derivative esketamine. Delic Co-founder and CEO Matt Stang has been sharing the company’s outlook with investors and business colleagues in recent weeks, and the company announced April 28 that he will deliver a presentation that highlights the Company’s development and outlook for the second half of the year when entrepreneurs and finance dealmakers gather for the annual Planet MicroCap Showcase in Las Vegas May 3-5 (https://ibn.fm/UstVC). “This is a whole order of magnitude beyond cannabis,” Stang told Planet Microcap host SNN Network’s Robert Kraft in an interview published on YouTube ahead of the conference (https://ibn.fm/It1yS). “Cannabis is an incredible recreational substance. It’s safer than alcohol and cigarettes and should be totally legal and available for folks who want to take the edge off and not drink a chardonnay,” Stang added, also discussing his mother’s use of cannabis to obtain relief while undergoing chemotherapy. “When you look at psychedelics, what (they) can do is actually give people the ability to process trauma that is otherwise going to affect their ability to live a beneficial life. … I think there’s just a huge demand for this.” Stang noted that the company ended 2021 with an $8 million-plus run-rate and expects continued revenue growth through its clinics and research vehicles during the coming months. “People looking at psychedelics have looked at a bunch of air (from other companies) — there’s a bunch of ‘We’re going to do this in five years’ or ‘We’re going to do this in seven years.’ Well, we’re doing it today, and we’re going to make real money helping people,” he said. The company’s Planet MicroCap presentation is scheduled to take place May 4 at 2 p.m., local time. The registration portal and instructions are available at https://ibn.fm/5MjnD. For more information, visit the company’s website at www.DelicCorp.com. NOTE TO INVESTORS: The latest news and updates relating to DELCF are available in the company’s newsroom at https://ibn.fm/DELCF

Lexaria Bioscience Corp. (NASDAQ: LEXX) Provides Update on its Patented DehydraTECH(TM) Technology, Including the Approval of New Patent

  • Lexaria received its 25th patent – and the first patent for the use of DehydraTECH technology in the enhanced delivery of antiviral drugs
  • The company is seeking IND approval from the FDA and has commenced its human HYPER-H21-4 study for hypertension with DehydraTECH-CBD, with results expected in Q3 2022
  • Lexaria is also commencing its human oral nicotine study, NIC-H22-1 to compare Lexaria’s DehydraTECH-nicotine pouch performance to that of existing leading brands currently sold in the US such as ON! and Zyn
Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, has announced some positive news that further promotes the company’s goal of creating innovative drug delivery alternatives with its proprietary patented DehydraTECH(TM) technology. Lexaria is making the delivery of drugs quicker, more efficient, and even tasting better. The company was granted its 25th patent – the first received for the use of its DehydraTECH technology for the enhanced delivery of antiviral drugs. The official word was received from the United States Patent and Trademark Office that on April 26, 2022, patent 11,311,559 for Compositions and Methods For Enhanced Delivery of Antiviral Agents would be issued to Lexaria. “This will be our 25th patent granted worldwide and another validation of the versatility of our DehydraTECH drug delivery technology. This new patent adds to our existing suite of granted patents in the EU, the U.S., India, Japan, and Australia, and continues to build value for Lexaria shareholders and clients,” CEO Chris Bunka explained (https://ibn.fm/wksKc). Lexaria is also working on various clinical trial studies, including the recently announced HYPER-H21-4 study. HYPER-H21-4 is a randomized, double-blinded, placebo-controlled, cross-over study in 60 people and also one of the most comprehensive studies taken on by the company. Outcomes for the new study are expected to be available in Q3 2022, and the research is a big step for the company seeking IND (investigational New Drug) approval from the FDA. Moving forward with the HYPER-H21-4 study was motivated by positive findings in the company’s three other human hypertension clinical studies, which has further supported the pursuit of FDA approval. The studies conducted thus far with hypertension and DehydraTECH have yielded positive results in terms of safety and efficacy (https://ibn.fm/1wSSL) as well as reducing blood pressure (https://ibn.fm/nYrS7) and arterial stiffness (https://ibn.fm/lKalR). All of the past study participants have tolerated DehydraTECH-CBD well, with no adverse effects. Additionally, Lexaria plans to move forward in dosing for their human NIC-H22-1 study this summer. The study is focused on the oral absorption of nicotine and the comparison will be made between the company’s DehydraTECH-nicotine pouch and other popular products on the market like Zyn and ON! The purpose of the study is to support a safe alternative to harmful pulmonary nicotine application processes. The company’s DehydraTECH technology works to:
  • Speed up drug delivery
  • Increase bioavailability
  • Increase brain absorption
  • Improves drug potency
  • Reduce drug administration costs
  • Mask unwanted tastes
The company has been advancing its technology since 2016 to demonstrate that bio-absorption of drugs like cannabinoids or nicotine can be five to ten times more effective with a reduced onset time. Lexaria also plans to investigate other markets in 2022 (https://ibn.fm/O4zMN). 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

Nowigence Inc. (NOWG) Named as Finalist in KPMG Competition to Identify Leading Tech Innovators

  • Contest recognized companies that show “deep insight” into new market fundamentals
  • Nowigence one of 10 finalists invited to deliver final pitches to industry experts
  • Nowigence emerging in the AI software space as a top contender with its proprietary offering, Pluaris
Last year, KPMG Private Enterprise announced its Global Tech Innovator competition. Nowigence Inc. (NOWG) was named as one of the finalists in the contest, which was designed to identify leading tech innovators in the United States that have the potential to become the next tech titans on the global stage. “The world has changed,” states KPMG Private’ website (https://ibn.fm/imMLB). “Thriving in today’s dynamic marketplace requires deep insight into the new market fundamentals. And it takes a clear understanding of the rapidly evolving regulatory and tax landscape, investor trends, supply and demand disruptions, and changing customer expectations. KPMG Private Enterprise advisers understand the trends influencing the new reality and are hard at work helping private companies uncover and capture new opportunities in their markets.” As part of that quest, KPMG launched its Global Tech Innovator competition. “Nearly 80 companies applied for the chance to be crowned the KPMG Private Enterprise Tech Innovator in the U.S.,” the company reported (https://ibn.fm/Ct5rw). The company noted that 10 finalists were invited to deliver their final pitches to a panel of industry experts. Nowigence Inc. was one of those companies. Nowigence is emerging in the AI software space as a top innovative contender with its proprietary offering, Pluaris. The comprehensive, ready-to-use AI platform works around the clock to read and analyze relevant content as it is released in various public and private data sources (https://ibn.fm/vEbJN). Topics can be customized by users, based on subjects they are interested in or required to be informed about because of their job tasks or other responsibilities. Pluaris opens relevant files stored in tools and databases with which it is integrated. It uses machine learning (“ML”) and natural language processing (“NLP”) techniques to analyze the content. This data is then transformed, linked, taxonomized and optimized for storage, analysis, synthesis and retrieval. In addition, this game-changing app can provide precise answers to questions, analyze different perspectives, discover new connections, and create organized and nested notes. Thanks to Pluaris, teams can work collaboratively from anywhere in the world to share and draw informed conclusions. Nowigence’s Pluaris offering provides a unique solution to the growing challenge of collaboration overload and the desperate need for tools that identify, organize and distribute information in a uniform way so that everyone has access to critical information. Pluaris reads and analyzes articles, documents and other textual data so that users can learn more in less time, uncover hidden insights and stay on top of the information they need to know. By integrating state-of-the-art data-processing techniques in an intuitive interface at an affordable subscription price, Pluaris allows and supports collaboration in the most efficient and effective way possible. For more information, visit the company’s website at www.Nowigence.com. NOTE TO INVESTORS: The latest news and updates relating to Nowigence are available in the company’s newsroom at https://ibn.fm/NOW

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Strengthens Financial Profile with Debt Reduction, Adjustments to Revenue Strategy

  • Red White & Bloom Brands is a multi-state cannabis operator based in Canada and focused on developing revenue opportunities in strong U.S. cannabis markets such as Michigan, Florida and California
  • The company recently announced it has eliminated $115 million in debt liabilities as part of its efforts to streamline its financial operations during a period when many companies are struggling with the effects of the COVID pandemic
  • Red White & Bloom’s debt reduction includes cutting over $22 million in annual expenses
  • The company has solidified its foothold in Michigan with acquisitions that have allowed it to become vertically integrated and open new dispensaries and cultivation facilities
Multi-state cannabis operator Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) is making new strides in streamlining its operations as the company accelerates its push toward making its popular Platinum Vape-branded products some of the most recognizable premium cannabis products in the United States. Red White & Bloom, or RWB, has been strengthening its revenue streams in the states where it operates, particularly in Michigan, Florida and California of late, while also working to deal with its debt to make it more long-term feasible, announcing April 20 that it has eliminated several million dollars’ worth of liabilities and annual expenses (https://ibn.fm/Du1gj). The acquisition earlier this year of a 15,000-square-foot manufacturing, processing and distribution facility as well as properties owned by PharmaCo, Inc., in Michigan, plus full licensing for manufacturing both medical and adult use cannabis products in the state, assured RWB’s efforts to become fully vertically integrated and to expand the reach of Platinum Vape. Platinum Vape products not only include carefully crafted vape cartridges and disposable vape pens, but also gummies, chocolates and premium cannabis flower. New data published on the Canadian Federation of Independent Business (“CFIB”)’s Small Business Recovery Dashboard is shining a light on the difficulties SBEs are facing in Canada in the wake of the COVID pandemic and the “staggering level of fresh COVID-related debt small firms have had to take on” as a result of the pandemic’s battering of economies worldwide. “Two-thirds of small businesses (65%) have had to take on debt, at an average of $160,000, just to survive the past two-years,” CFIB president Dan Kelly stated in a news release about the survey results (https://ibn.fm/5OqDt). “For almost 900,000 business owners, up to $60,000 of this debt is in the form of a government-backed Canada Emergency Business Account loan. … The 2022 budget missed an opportunity to forgive a larger portion of these loans for the most deeply affected small businesses.” Vancouver, British Columbia-based RWB’s April 20 announcement notes that the company expects to eliminate an intangible asset of about $77 million as well as a license liability of $60 million from its balance sheets following restructuring of its debt while reducing “well over $100 million of liabilities without any dilution to our shareholders,” a continuation of efforts since last year to cut debt. As part of the restructuring, RWB pruned its Illinois property, exiting “the one state that had not contributed any revenue from THC operations to our results since our inception,” CEO Brad Rogers stated. “We still believe that Illinois could be a great market for us, and will look to pursue it from an asset-light approach through licensing of our own brands,” Rogers added. “We will continue to look for opportunities to grow our revenue through a number of asset-light entries to other states, while focusing on getting to a positive adjusted EBITDA run-rate by the end of 2022.” The company has also found ways to reduce its headcount as part of the effort, joining other SBEs in a revived trend to control their cash consumption and attract new capital through minimal staffing adjustments (https://ibn.fm/E50Th). “We are very pleased with the significant balance sheet and operational improvements we have made in a relatively short period of time. Today’s announcement is the culmination of an in-depth review and rationalization of assets and operations,” Rogers stated. 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

Golden Matrix Group Inc. (NASDAQ: GMGI) Is ‘One to Watch’

  • Golden Matrix’s common stock began trading on the Nasdaq on March 17, 2022
  • The company achieved record revenues of $8.88 million in the quarter ended January 31, 2022, marking a year-over-year increase of 355%
  • Golden Matrix reported net income for the quarter ended January 31, 2022, of $349,379, versus $52,158 one year earlier
  • Golden Matrix has delivered exceptional growth over the years, with 14 consecutive profitable and cash flow positive quarters
  • Golden Matrix has a solid balance sheet and intends to make accretive and synergistic acquisitions in the coming months, with all targeted acquisitions to be profitable and cash positive
  • Golden Matrix in March 2022 announced it has applied for a gaming permit in Mexico and expects to offer iGaming and launch the RKings tournament platform there
  • GMGI currently supports over 500 unique casino brands and over 6 million players
Golden Matrix Group (NASDAQ: GMGI), based in Las Vegas, Nevada, is an established gaming technology company that develops and owns online gaming IP and builds turnkey online casino solutions for gaming operators as well as configurable and scalable white-label gaming platforms for international customers, located primarily in the Asia-Pacific region. GMGI’s gaming IP includes tools for marketing, acquisition, retention and monetization of users. The company’s platform can be accessed through both desktop and mobile applications. GMGI’s sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with U.S. law. Golden Matrix, through a subsidiary, also runs a pay-to-enter prize competition in the United Kingdom and Ireland. The company’s shares began trading on the Nasdaq under the symbol ‘GMGI’ on March 17, 2022. Golden Matrix shares were previously traded on the OTCQX Best Market. For the quarter ended January 31, 2022, the company reported revenue of $8.88 million, an increase of 355% over the same quarter one year earlier. Net income for the three-month period was $349,379, up from $52,158 a year earlier. It was the company’s 14th consecutive profitable quarter. In December 2021, Golden Matrix announced it had entered into a purchase agreement to acquire a controlling ownership interest in UK-based RKingsCompetitions Ltd., one of Ireland’s and the United Kingdom’s leading independent online competition companies. RKings presents customers with paid and free entry routes to competitions that offer a range of prizes, including residential properties, luxury and exotic motor vehicles, holiday packages, technology packages and cash. The competitions are currently open only to residents of Ireland and the United Kingdom. Golden Matrix acquired an 80% ownership interest in RKings for cash and stock. The company also secured an option to purchase the remaining 20 percent interest of RKings, subject to certain requirements. In March 2022, Golden Matrix announced it had applied for a Mexican gaming permit and, once approved, expects to offer online gaming in Mexico as well as roll out the RKings tournament business globally. Technology Golden Matrix Group develops fully operational online casino turnkey solutions as well as highly modular, configurable and scalable gaming platforms for its international customers in an effort to promote user acquisition, engagement, retention and monetization. The provided white label gaming platform is unparalleled in both mobile and desktop website deployment, proving compatible throughout all major operating systems and web browsers. In addition, the platform enhances the client’s ability to cater to various gaming scenarios including but not limited to transaction management and a range of loyalty and reward programs. Moreover, user engagement is optimized through the ability to accommodate both free and paid games. The company’s GM-X System (and recently its next generation GM-Ag System) is considered the industry standard, granting access to over 10,000 games from more than 25 game providers. Through the GM-X System, Golden Matrix offers the industry’s most extensive game portfolio. The company’s gaming partners dominate the global online gaming market to deliver innovative games and premium brand titles. The GM-X System offers payment gateways that integrate with third party platforms or digital wallets. It supports all major currencies and offers multiple language options. The system’s data analytics provide the operator with a 360-degree view of the gaming platform’s performance. GMGI currently supports over 500 unique casino brands and over 6 million players. Market Outlook Online gaming and sports betting sites and apps are increasingly taking market share from traditional location-based casinos. Widespread internet service availability and increasing use of mobile phones for playing online games from homes and public places is driving the market, according to a report from Grand View Research. In addition, factors such as easy access to online gambling, legalization and cultural approval, corporate sponsorships, and celebrity endorsements are also contributing to market growth. The growing availability of cost-effective mobile applications across the globe is further expected to fuel market growth. This trend is only expected to accelerate as millennials reach their peak earning years and Gen Z youth begin to complete their education and move into careers. These generations are completely comfortable with online recreation, and with using technology like digital wallets and digital gameplay that underpins online gaming. The global online gambling market was valued at $53.7 billion in 2019 and is expected to grow at a CAGR of 11.5% from 2020 to 2027 to reach a value of $127.3 billion, according to Grand View Research, with much of the growth expected from the U.S. and Asia. Even Europe, the most mature gaming market, is expected to grow at a rate of 20-25% year-over-year. Management Team Brian Goodman is CEO of Golden Matrix Group. He has more than 20 years of diverse senior management experience and business development roles within the technology and internet gaming industries. He has a tertiary science qualification as well as a marketing and sales background. His previous roles have been entrepreneurial and include CEO and senior management positions in smaller organizations, which he founded or in which he held equity, as well as multinational organizations. Cathy Feng is COO at Golden Matrix. She is a co-founder of GMGI and holds a Master of Commerce degree. She has 10 years of experience as a financial officer in the technology and internet gaming industries. In past management positions, she interpreted, analyzed and presented financial and operation information to facilitate business decisions, grow companies and resolve complex problems. In addition, she has skills in marketing, business development, leadership and strategic planning. Omar Jimenez is CFO and Chief Compliance Officer at GMGI. Prior to joining the company, he was CFO and COO of Alfadan Inc., a supplier of marine outboard engines. He has held senior financial management and operational positions at public and private companies including NextPlay Technologies, American Leisure Holdings, US Installation Group and Onyx Group. He holds various accounting professional certifications, including CPA and CPCU, and degrees in finance, accounting and business. Henry Zhang is Chief Technology Officer at Golden Matrix. He oversees all aspects of development, integration and deployment of GMGI’s technology systems. He plays a key role in evolving GMGI’s technology business to lead and shape the industry. He is responsible for developing and scaling new businesses, including online gaming, eSport and P2P Systems. He was instrumental in launching the GM-X system and has been with the company for more than six years. For more information, visit the company’s website at www.GoldenMatrix.com. NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI

Correlate Infrastructure Partners Inc. (CIPI) Puts Profits in Positive Territory, Discusses ‘Very Aggressive’ Plan For Clean Energy Solutions Projects

  • Commercial clean energy solutions provider Correlate Infrastructure Partners recently released its annual financial report, showing profits rising into positive territory on the back of key acquisitions last year
  • Correlate’s development and finance platform services are designed to help buildings reduce their carbon footprint through greater efficiency and access to locally sited solar, energy storage and EV infrastructure
  • In a new podcast interview, the company’s CEO said Correlate anticipates acquisitions this summer that will expand its footprint from Hawaii to Boston
  • The company expects revenue growth this year in tandem with the expansion and with securing repeat business
Concerns about climate change and its anticipated disruption of normal lifestyles around the globe during the coming decades is driving governments as well as business innovators to seek solutions before the impact of climate change becomes overwhelming (https://ibn.fm/Hxmg5). Correlate Infrastructure Partners (OTCQB: CIPI) is dedicated to delivering low carbon utility solutions and energy use optimization through their tech-enabled service platform. CIPI is rapidly building on key acquisitions to establish itself as a leading national provider of solutions for the commercial real estate industry. “Our leadership team made great strides to execute our market development strategy in 2021. We focused on integrating key technologies while building a scalable client backlog of 2022 projects, which included completing the acquisitions of Correlate and Solar Site Design as wholly owned subsidiaries,” company President and CEO Todd Michaels stated in a recent news release announcing Correlate’s year-end financial report (https://ibn.fm/Qc64o). “We assembled a rare, nationally recognized management team to execute this backlog while aggressively scaling our technology and fulfillment capacities to match our growth rate and market opportunity,” Michaels added. The financial statement shows that Correlate raised its profits out of negative territory during the year and significantly decreased its operating expenses. “In 2022, we anticipate revenues to increase with the expansion of operations, sales channels and repeat business from our 2021 portfolio of national accounts,” Michaels stated. “The post-pandemic U.S. commercial and industrial market has approximately 6.8 million facilities applicable for our solution to increase building owner net income. With only about 3% of those facilities currently being addressed, demand is very high. We couldn’t be more confident and excited about our position for tremendous growth.” Michaels repeated his assessment of the company’s opportunity in an interview with Stuart Smith of IBN (InvestorBrandNetwork)’s latest Bell2Bell Podcast episode. “We’re looking at completing somewhere around $40 million-plus of projects just in the United States,” Michaels said (https://ibn.fm/yKXja). “Obviously, gaining the talent and the technologies of those acquisitions (last year) are huge and so now we’re able to bring those together into a new unified business model that really focuses on … getting hundreds of millions of dollars of project finance dollars to these projects across the country. So we’ve got a very aggressive six-month go-to-market plan.” Michaels also said Correlate has two or three more acquisitions that are anticipated, two of which “likely will complete by the end of summer if not slightly earlier.” Completing those acquisitions will expand the company’s footprint from Hawaii to Boston in terms of both physical operations and from a capability’s perspective, he said. For more information, visit the company’s website at www.CorrelateInfra.com. NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI

SPYR Inc. (SPYR) Eyeing the MVNO Business and Exploring AI Applications for IoT Systems

  • SPYR, through its wholly-owned subsidiary, Applied Magix, will start exploring AI applications for inclusion in its products
  • The company is also considering venturing into the MVNO business; an industry projected to be valued at $91.63 billion by 2026
  • This is in a move to grow the company’s product and service offering while also creating value for its shareholders
  • Pursuing this route will also present SPYR with an opportunity to promote its brand further, grow its brand equity and overall brand recognition
SPYR (OTCQB: SPYR) has, since its inception, not shied away from pushing the envelope in terms of innovation and creating value for its stakeholders. This commitment has defined its operations in the development and reselling of Apple®-ecosystem-compatible products, along with its focus on the multibillion-dollar Internet of Things (“IoT”) Smart Home and Connected Car markets. More importantly, this has shaped its dedication to identifying and targeting acquisitions that aid in growing its overall market reach and industry footprint, as evidenced by its 2020 acquisition of Applied Magix Inc. In line with this, SPYR is exploring new ways to improve its products, stay ahead of its competition and increase customer satisfaction. One avenue that it seeks to venture into is Artificial Intelligence (“AI”) and its inclusion in Applied Magix’s current line of products (https://ibn.fm/TBpPf). SPYR just announced that Applied Magix is exploring AI applications for inclusion in its products, mainly due to its tremendous promise and potential benefits to the end customer. “As part of our Secret Lab initiatives, AI frequently comes to the forefront of product development and how to make smart hardware even smarter,” noted Dr. Harald Zink, the Chief Executive Officer (“CEO”) of Applied Magix. “For example, various sensors track a number of conditions around your house, but when processed by an AI system, analysis of those conditions can be used to trigger actions that increase security or save you money in the long run,” he added. SPYR is also working towards expanding its product and service offering, having announced that it is considering entering the mobile virtual network operators (“MVNO”) market. The company’s objective is to offer unique mobile phone plans exclusively for iPhone users. According to Dr. Zink, “There are a lot of great carriers out there providing mobile services, but for most of them it feels like their Apple customers are an afterthought, which is frustrating if you’re an Apple user,” (https://ibn.fm/jFvy1). While making the announcement, Dr. Zink noted that SPYR’s management feels that the company can do better by offering iPhone users reliable mobile services specific to their needs and wants. “We feel that we can do better – of course, we are not just going to jump into this. We are carefully exploring and evaluating the available MVNO offerings, as well as exploring and evaluating the market space, to see what customers want,” reckoned Dr. Zink. Going forward, SPYR plans to capitalize on the different relationships in the mobile services industry as it researches its MVNO services. Should it go through, this new offering will be an excellent avenue for pushing the Magix brand into the market, growing its brand equity and overall brand recognition. “If we decide to pursue this route, it will be fun to see MAGIX as the carrier logo displayed on our iPhones,” said Tim Matula, the CEO of SPYR Technologies. “We have various relationships that we are exploring to help is with this research of MVNO services, including some former associates that are active in the mobile phone services market,” he added. By 2025, the global smart home market will be valued at $187 billion, up from $104 billion in 2021, representing a CAGR of 15.75%. The MVNO market, on the other hand, is expected to reach $91.63 billion in value by 2026, up from $61.9 billion in 2020. This will represent a CAGR of 6.75% over the forecast period (https://ibn.fm/XgxIE). SPYR is looking to capitalize on this growth by exploring AI and the MVNO market with its product offering. By doing so, it will diversify its product range, strengthen its existing line, and offer value to customers and shareholders. 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

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