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InnerScope Hearing Technologies Inc. (INND) Announces the Purchase of HearingAssist, Further Boosts its Share of the United States Hearing Aid Market

  • InnerScope Hearing Technologies recently announced the purchase of HearingAssist, a leader withing the B2C hearing aid market and Walmart’s largest dedicated hearing aid suppliers
  • The acquisition will comprise of gross consideration of $10 million, which will be paid by InnerScope in two tranches of $5 million worth of restricted shares
  • InnerScope will now look to gain market share, a result of both – HearingAssist’s 757 sales sites within Walmart stores and its online e-commerce presence
  • InnerScope have recently launched their product range on FSAstore.com, HSAstore.com, and WellDeservedHealth.com as well as their own e-commerce site, iHeardirect.com
InnerScope Hearing Technologies (OTC: INND), a manufacturer and distributer/retailer of DTC, FDA registered, Bluetooth app-controlled hearing aids and personal sound amplifier products (“PSAPs”), as well as various hearing-related products, has announced the recent acquisition of Hearing Assist II, LLC (“HearingAssist”). HearingAssist, a long established leader in the direct-to-consumer hearing aid market, has sold over 500,000 hearing aids since 2008 and has generated upwards of $72 million in top-line revenues since 2018, transforming into Walmart’s largest hearing aid supplier in the process (https://ibn.fm/kn7pd). InnerScope Hearing Technologies will acquire HearingAssist for a gross consideration of $10 million, comprised of InnerScope restricted shares, subject to a 24-month leak out agreement. The restricted shares will be comprised of two distinct tranches – the first tranche of $5 million will be issued at a fixed price of $0.0089 per share while the second tranche of $5 million will be priced at $0.17 per share, valuing InnerScope at over $1 billion. Moreover, the leak out agreement will restrict shareholders to converting and selling a maximum of 25% of the awarded shares in any given 6-month interval, commencing from the closing day of the acquisition. “The HearingAssist team is very excited about this opportunity to join forces with InnerScope to become the number one global leader in the direct-to-consumer hearing aid market,” said Floyd Kuriloff, founder of Hearing Assist II LLC. “Combining the talents and experience of HearingAssist, with our deep marketing and distribution experience and InnerScope, with its decades of proven track record of retail hearing aid sales and hearing aid R&D manufacturing, will create a powerful disruptive company in the global hearing device market.” The acquisition of HearingAssist will enable InnerScope to accelerate the company’s revenue and growth strategy, as it consolidates the sales generated by HearingAssist’s hearing product kiosks, which are currently in place across 757 Walmart stores in five states. Following the acquisition, InnerScope and HearingAssist have also revealed plans to release a joint marketing campaign, seeking to build upon HearingAssist’s brand message as ‘America’s No. 1 Affordable Hearing Brand.’ Matthew Moore, president and CEO of InnerScope, stated: “Today is a tremendous milestone for InnerScope. I’m delighted to welcome the HearingAssist team, who share our passion for providing convenient and affordable hearing products for the tens of millions of Americans who suffer from hearing loss. The HearingAssist acquisition is another meaningful step in advancing our strategy to grow as a leader and innovator in the direct-to-consumer hearing aid market.” InnerScope have long distinguished themselves through their mission to provide reliable and inexpensive hearing aids to the approximately 28.8 million Americans who could benefit from wearing hearing aids today – with the Company rolling out a series of free, self-check hearing screening kiosks at a string of national pharmacy chains, big box retailers and grocery chains across the country. The kiosks, which are equipped with the world’s first ‘hearing triage’ artificial intelligence pattern recognition software, have a unique ability to classify both, the degree of hearing loss as well as the type of loss suffered by each patient. Customers requiring hearing devices will be able to purchase the recommended product at InnerScope Hearing Technologies’ dedicated e-commerce website, www.iHeardirect.com. In addition to the Company’s kiosk roll-out, InnerScope has also expressed its intention to broaden its distribution network, a move which will see the company roll-out their product portfolio to the over 70 million customers currently enrolled inflexible spending accounts (“FSA”), health saving accounts (“HSA”), and employers’ health incentive programs, all of whom will now be able to purchase the hearing devices through the likes of the FSAstore.com, HSAstore.com, and WellDeservedHealth.com. The acquisition of HearingAssist will transform InnerScope into one of the United States’ largest hearing aid vendors, a move which will allow the company to gain incremental share within the burgeoning global hearing aid market – a sector which is forecast to swell to $11.02 billion annually by 2028, representing an earnings growth CAGR of 7.4% over the 2021-2028 interim. For more information, visit the company’s website at www.INND.com and the company’s e-commerce website www.iHeardirect.com. NOTE TO INVESTORS: The latest news and updates relating to INND are available in the company’s newsroom at https://ibn.fm/INND

FingerMotion Inc. (FNGR) in Leading Position as Mobile Data Services Transform China’s Economic Activity

  • FingerMotion is a U.S.-based provider of rich communication services (“RCS”) and big data analysis solutions that are focused on the enormous consumer potential of China’s marketplace
  • China’s mobile users account for nearly 1.5 billion individuals engaged with the country’s economic forces as well as global forces driven largely by online technology
  • Although FingerMotion’s most recent quarterly report noted a 25 percent YOY growth in revenues attributed to SMS and MMS services, the company anticipates its big data services will eventually become an even greater revenue source
  • The development of a powerful big data analysis platform under FingerMotion’s Sapientus division has led to significant insurtech agreements with global reinsurance powerhouses Munich Re and Pacific Life Reinsurance for serving China’s consumers
Mobile data specialist company FingerMotion (OTCQX: FNGR) has found itself in an early-mover position with its development of short and multimedia messaging (SMS and MMS) services that are particularly appealing to consumers in China’s enormous mobile-centric market, simultaneously using its big data technology to help build insurtech opportunities in the world’s largest nation by population. China’s efforts to make digital platform companies more competitive and to stimulate innovation have included making data hoards shareable between companies (https://ibn.fm/gx6CA). FingerMotion’s Sapientus division has for some time focused its efforts on accumulating an increasing number of data points and observations that are strengthening the power of its data analysis application platform. That platform has been developed to analyze consumer behavior and activities for government departments and corporate customers. It creates value by combining high frequency geolocation and mobile usage data with auxiliary contextual information, according to the company (https://ibn.fm/D2LkP). That big data can be used for precision marketing needs and customizing products for consumers, but in Sapientus’ case its data platform has most-notably gained attention for its ability to provide insurers with risk assessment scoring as well as simplifying policy underwriting by creating a seamless purchasing process. For FingerMotion, this has led to agreements with reinsurance powerhouses such as Pacific Life Re (https://ibn.fm/cmymY) and Munich Re (https://ibn.fm/i5vaz) that sustain those global corporations’ life and health insurance operations in China. FingerMotion CEO Martin Shen has predicted the big data division will eventually become the company’s biggest revenue driver, but for now that honor remains with the mobile services the company offers. In October, the company reported its SMS (texting) and MMS (phone photo, video and audio sharing) business revenue had grown by 25 percent in quarterly YOY comparisons and that its Telecommunications Products and Services business revenue had grown year-over-year by 142 percent (https://ibn.fm/pGCH1). Some 1.4 billion mobile users in China are largely composed of China’s post-1990s age group (jiulinghou), a segment of the population whose activity on social media forums has transformed Chinese social relationships, according to The Brookings Institution (https://ibn.fm/ugJyD), and the workings of the country’s economy in the process. Analysts at Reportlinker.com predict mobile engagement in China will enjoy a 44.7 percent CAGR between 2020 and 2027, reaching $22.4 billion out of the global $90.7 billion forecast, and that the overall global SMS & MMS segment will see a 38.4 percent CAGR as part of the trend (https://ibn.fm/fmOPp). For more information, visit the company’s website at www.FingerMotion.com. NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR

Nowigence Inc. (NOWG) Is ‘One to Watch’

  • Nowigence Inc. is the creator of Pluaris(TM), an off-the shelf, cloud-based, artificial intelligence (“AI”) platform that automates reading and analysis of textual data.
  • Its patentable, proprietary AI technologies automatically read data from hundreds of millions of documents in seconds with human-level comprehension and understanding of text.
  • Even from its early days, Nowigence attracted users from major corporations, thereby not only earning moderate revenues but also getting feedback during product development.
  • The company’s business is global. It has a wholly owned subsidiary in India focusing on sales, marketing, business development, and technology support.
  • While most other products are specifically tailored for a specific use case, Pluaris was developed as an adaptive learning platform, offering features and flexibility to appeal to multiple target markets.
  • Most competitors belong to the service industry or are consultants, providing manpower to custom-develop solutions from scratch for clients. Gartner reports that 85% of such solutions fail.
  • State-of-the-art AI algorithms combined with an intuitive user interface and “no code” technical requirement ensures almost any consumer can derive value from Pluaris immediately and with no specialized training.
  • The company’s most meaningful and propriety IP is around machine learning and natural language processing. These tools have been and are continuing to be developed and enhanced.
  • Many components rely on output from other components. This creates a significant barrier to entry.
  • Nowigence operates in the rapidly growing cognitive computing and personal knowledge management (“PKM”) markets. The PKM market opportunity is over $1 trillion, the cognitive computing market alone was valued at $8.87 billion in 2018 and is projected to reach a value of $87.39 billion by 2026, growing at a CAGR of 31.6% from 2019 to 2026.
  • The members of the management team are highly experienced, with over two decades of experience each in building successful technology companies.
Nowigence Inc. (NOWG) is a fast-growing SaaS (Software-as-a-Service) company that develops and sells a ready-to-use artificial intelligence (“AI”) platform called Pluaris(TM) that automates reading and analysis of textual data. Individuals, teams, and enterprises can now quickly distill knowledge buried in narrative-intensive documents instantaneously from various data sources, both public and private. Pluaris is created for those who want to read more in less time. It is a Personal Knowledge Management (“PKM”) tool that generates an annotated data feed based on your topics of interest and automatically creates a permanent personal knowledge base from your feed and private uploads. It has human-like capabilities for comprehending textual data. It summarizes, provides precise answers to questions asked, analyzes different data perspectives, discovers new connections, creates organized nested notes, and allows teams to work collaboratively by sharing in real-time from anywhere in the world to draw informed conclusions. By integrating state-of-the-art data processing techniques in an intuitive interface at an affordable subscription price, Nowigence puts the power of data science in the hands of consumers. It helps individuals, teams, and organizations to quickly build expertise on one or multiple topics by generating a trove of critical information. Nowigence targets two user types that rely heavily on fast and accurate research as primary adopters of the Pluaris platform. The first is knowledge workers of all kinds – anyone whose job is to “think for a living” like marketing professionals, researchers, legal professionals, academics, journalists, editors, scientists, and other professionals. The second are individual users who are life-long learners, hobbyists, and enthusiasts of all stripes. Rather than spending time reading information to gain knowledge from one source at a time, users of Pluaris can gain knowledge from hundreds or thousands of sources in seconds. Keyword-based search-and-retrieval applications don’t open documents, nor read their content, nor extract key points, conduct cause and effect analysis or answer questions specifically. Pluaris includes all those features and goes one step further, with its semantic capabilities to empower users with interpretations of retrieved information. Nowigence estimates this feature alone can save typical researchers between one and three hours per workday. The platform also reduces “noise” by extracting only important and relevant information on every topic being monitored or researched. This helps cut down on information overload, a major source of workplace stress. Pluaris Builds Intelligence The Problem In the modern world, virtually everyone needs to consume a tremendous amount of text-based information, in both our personal and professional lives, but doing so is exceptionally challenging because of:
  • Information Overload: For virtually any significant topic of interest, the amount of textual information available and continually generated is vastly more than can be consumed by an individual.
  • Pervasive Distractions: Thanks to modern technology, we are constantly bombarded with new inputs (e-mails, instant messages, social media, and more) reducing our attention span, leading all too often to TL;DR (Too Long, Didn’t Read).
  • Highly Imperfect Human Recall: The information that we do find time to read is easily forgotten. Even if we retain some of the key insights, the details are almost certainly lost.
Even when working in teams, we often end up researching the same content as our colleagues, and too much of the information acquired by one individual is lost in translation with the communication process to others. Pluaris Pluaris is designed to be used by regular people from day one with no need for extensive training. The platform is used across different functions and sectors, adapting to clients’ ever-changing needs. Its state-of-the-art no code editing gives organizations the flexibility to improve and tailor their results without hiring data scientists, and real time information retrieval ensures the client never misses any piece of intelligence. Pluaris adapts to the unique needs by which individuals absorb knowledge. It doesn’t impose structured or rigid methodology. Real time operation means that Pluaris will deliver outputs instantaneously with a click. A Nowigence team of experts spent three years training Pluaris to understand the context of every sentence it reads. If Pluaris does make an error in contextual interpretation, the user can correct it, which will instantly give the correction precedence over the ML’s algorithmic outputs. This takes away the biggest criticism against AI/ML platforms, that annotating (labeling) data and developing training datasets to build models takes too much time and effort from internal teams. Use Cases I need to stay on top of the latest news for my industry. Pluaris automatically retrieves and analyzes news on your topics of interest every day, so you can quickly scroll through an annotated news feed on your phone, tablet or laptop, while finishing your morning coffee. Example: A Pluaris enterprise customer was interested in tracking news and events in the telecom industry. Nowigence was able to quickly create and then fine-tune a list of topics to monitor. In less than a week, they had an annotated news feed covering the telecom industry available to their team. I have to come up to speed on a new topic as quickly as possible. Upload a few related websites and documents to Pluaris and within minutes you are exploring this new area of interest, scanning the summaries, gaining new insights about this topic, and finding new keywords to broaden your search and deepen your understanding. Example: A customer who was already using Pluaris for business intelligence decided to use his account to make improvements in his health after he received a report from his doctor of a high fasting blood sugar level.
  • He uploaded a few research reports to Pluaris, read through the summaries, and explored the annotated labels. Based on that analysis, he set up Pluaris to monitor topics such as “lowering fasting blood sugar” and “low glycemic food.”
  • From those results, he built an action list of daily habits for diet and fitness and, within a couple months, brought his fasting blood sugar level back down.
I want to be able to access the information I’ve read in the past and synthesize it with my current understanding. As you continue to add more and more information to the system over time, Pluaris never forgets. You are building a knowledge base of the information that is most relevant to you. Example: A Pluaris user at one of the world’s largest aluminum mining companies was tasked with preparing talking points for her manager for an upcoming investor meeting. Over time using Pluaris, she had built a database of documents, including transcripts, notes, Q&A sessions, speeches, annual reports, and internal documents, some of which were from previous investor meetings. She was able to quickly explore that database through the Pluaris Dashboard and using various filters. She then pulled this information together in a Pluaris Notebook and shared that note directly with her boss. Market Outlook Pluaris users include:
  • Knowledge Workers – Gartner estimates there are more than 1 billion worldwide as of December 2019.
  • Students in Higher Education: ICEF estimates there are 250 million worldwide as of 2020. This is Nowigence’s initial target group from a market penetration perspective.
  • Personal/Home Use: Statista estimates there are 4.7 billion active internet users worldwide as of January 2021.
Nowigence offers tiered pricing, starting at $10/month/user for individuals, while team and enterprise users, who have access to more features to facilitate collaboration and integrations to other enterprise tools, start at $45/month/user. As a result, the Total Available Market (“TAM”) is more than a billion users and over $1 trillion. The Market Opportunity (the Serviceable Obtainable Market or SOM) for Nowigence is $11 billion in the combined PKM and Cognitive Computing space defined by Pluaris. This market is growing rapidly too. The Cognitive Computing market alone was valued at $8.87 billion in 2018 and is projected to reach a value of $87.39 billion by 2026, growing at a CAGR of 31.6% from 2019 to 2026, according to Allied Market Research. Nowigence offers differentiated value compared to other Personal Knowledge Management (“PKM”) tools, which have reached as many as 250 million users (Evernote) and have shown rapid adoption (Roam Research reached 60,000 users and $1 million ARR within 6 weeks of launching paid plans). Unlike Pluaris, these tools do not automatically monitor public or private sources to add to your knowledge base, nor do they provide summaries or extract intelligence. Pluaris differs from search engines as well, in that search engines do not access or store personal knowledge, and they also do not summarize or extract intelligence. Management Team Anoop Bhatia is the founder and CEO of Nowigence Inc., where he has worked full-time since 2015. Previously, he worked as a global operation strategic transformation leader for Momentive Performance Material (formerly GE Silicones). He has worked for over two decades in various General Electric companies across different countries, including the U.S., India, The Netherlands and Germany. He played a key role in establishing GE Silicones as the first-ever wholly owned foreign subsidiary established in India in 1996. He received his Bachelor of Engineering in Chemical Engineering from BITS in India and did his post-graduate studies in management from Heriot-Watt at Edinburgh in Scotland. Gordon Haupt is the Chief Technology Officer at Nowigence. He has more than 20 years of experience building and leading diverse engineering and operations teams, and a strong technical background in machine learning, signal processing, and statistical data analysis, including applications in speech and text, biotechnology, and computer vision. He is a named inventor on 15 issued patents and is experienced in all phases of engineering development and operations. He holds a B.S. degree in Engineering Mechanics from the University of Wisconsin and M.S. and Ph.D. degrees from Stanford University in Aeronautics and Astronautics. David Evans is the company’s acting CFO & General Counsel. As an attorney and licensed CPA in the state of New York, he has extensive experience in multistate and international tax policies and guidelines, federal taxation laws, mergers and acquisitions, including valuation of closely held businesses. He is a contributing author to the New York State Tax Service, a six-volume publication of NYS tax laws and regulations. His prior experience includes being a Managing Director for UHY Advisors LLC, a board member and chairperson of the Tax Division Executive Committee of New York State Society of Certified Public Accountants and a past president of the Estate Planning Council of Eastern New York. He holds degrees from Hofstra University and State University of New York at Buffalo. 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

Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF) Subsidiaries (Sapientia and Amara) Setting Pace for Success As 2022 Approaches

  • Eat Well Group wholly-owned subsidiary Sapientia has launched its better-for-you plant-based twists, created by Sapientia’s Founder and President and Twisted Cheetos creator, Dr. Eugenio Bortone
  • The launch comes only six months after Eat Well Group acquired Sapientia
  • The company’s majority-owned subsidiary Amara is also excelling, reaching number one on Amazon’s new release list for its toddler line
  • Amara has partnered with Pharmapacks, a leading e-commerce distributor of health, beauty, and wellness brands to popular retail online marketplaces, to help facilitate growth and acquire “new to brand” customers
Eat Well Investment Group (CSE: EWG) (OTC: EWGFF), a publicly-traded vertically integrated plant-based food company that combines agribusiness, foodtech, and CPG for innovative, delicious, and better-for-you foods to be supplied worldwide, recently made an important announcement regarding its wholly-owned subsidiary Sapientia Technologies, LLC. The announcement revolves around Sapientia’s launch of its better-for-you plant-based twists to 350 Federated Co-operatives Limited Ltd. Stores – under the COOP Pure Brand. President Dr. Eugenio Bortone, the founder of Sapientia and inventor of “Twisted Cheetos,” created these plant-based snack twists (https://ibn.fm/VnMJh). The company is projecting $60,000,000 in revenue for 2021 and approximately $100,000,000 for 2022. The launch provides Eat Well Group with an additional revenue channel for 2022, as the company plans to scale other product offerings. “Our investment in Sapientia is disrupting the multi-billion-dollar snack food market by providing taste and nutrition without compromise,” Eat Well Group President Marc Aneed stated. “These plant-based twisted curls deliver the same delicious flavor, crunch, and texture as leading snack food brands while providing 3-4x more protein, 4-5x more fiber with less fat and calories. Dr. Eugenio Bortone and his team at Sapientia have created a product that you would eat and enjoy, even if you didn’t know it was better for you.” The Head of Store Brands for Federated Co-operatives Limited, Sav Bellissimo, also commented on the launch, saying that the coop was very excited to partner with Eat Well Group to introduce such a breakthrough plant-based snack item under the COOP Pure Brand. “There is nothing in the category that has this much protein and fiber and still tastes like a regular salty snack and made locally here in Western Canada,” Bellissimo added. The launch of Sapientia’s proprietary product, formulations, and intellectual property comes only six months after Eat Well Group’s acquisition of the subsidiary. Sapientia created these plant-based twists for consumers who want healthier snack foods offering high proteins and other nutritional values. These snacks are baked, not fried – offering approximately 30% fewer calories and higher nutritional values than their corn-based competitors. In another announcement, Eat Well Group shared that its majority-owned subsidiary Amara Organic Foods is one of America’s fastest-growing baby food brands. The subsidiary has grown its revenue five times since January 2021 and has been named the number one new release on Amazon for its toddler line. “More and more consumers are searching for healthier alternatives to legacy baby and food brands, and the traction Amara’s dedicated store on Amazon has shown so quickly after launching it, affirms that,” Mr. Aneed commented (https://ibn.fm/FuSXO). As an early investor in Amara, Pharmapacks will be a key contributor to the subsidiary’s growth across Amazon and other industry-leading e-commerce sites. Pharmapacks is one of the largest e-commerce distributors of health, beauty, and wellness brands to popular retail online marketplaces. Over the next 12 to 18 months, Amara is going to focus on bringing “new to brand” consumers to the platform while continuing to improve and optimize its site. For more information, visit the company’s website at www.EatWellGroup.com. NOTE TO INVESTORS: The latest news and updates relating to EWGFF are available in the company’s newsroom at https://ibn.fm/EWGFF

Playgon Games (TSX.V: DEAL) (OTCQB: PLGNF) Rides Growing iGaming Tidal Wave With Privacy-Focused B2B Solutions

  • PLGNF recently featured on Network News Audio’s broadcast “Digitization Reshaped Ecommerce First, Now Moving to Online Gaming”
  • COVID-19 spurred significant iGaming industry growth in 2020, demand projected to continue increasing as new users come online
  • PLGNF develops and licenses digital content for global iGaming market
  • Proprietary technology enables seamless integration at operator level, allows user access without sharing sensitive data or requiring app store download
  • Global iGaming revenue expected to grow from $75 billion in 2021 to $127.3 billion by 2027 at a CAGR of 11.94%
Playgon Games (TSX.V: DEAL) (OTCQB: PLGNF), a SaaS technology company that delivers proprietary live dealer mobile technology to global online gaming operators, was recently featured on Network News Audio’s “Digitization Reshaped Ecommerce First, Now Moving to Online Gaming” broadcast (https://ibn.fm/eXbXw). The broadcast details the massive industry shift that occurred throughout 2020, driven by lockdowns that flooded networks with users looking for digital gaming content and entertainment. When contrasted with the early days of e-commerce, iGaming appears to be on a similar trajectory with historically sluggish growth that is hitting a stage where demand will chart vertically in a “hockey stick” formation as more users come online. With an eye on capitalizing on market growth, PLGNF is developing and delivering digital gaming content to meet the exploding demand for B2B solutions. With a team of more than 80 people and growing, the company provides turn-key gaming solutions and a multitenant gateway that allows online operators to offer customers innovative iGaming products without sharing sensitive data or requiring an app store download. The platform currently hosts 26 operators across four content aggregator clients in South Africa and Europe, with another eight operators in the queue to be on-boarded. PLGNF’s current software platform is cloud-based for scalability, mobile-focused, device-agnostic, and built for one-handed play in portrait mode only. Current offerings include live-dealer table games broadcast from their state of the art Las Vegas studio and a complimentary suite of eTable games based off their live versions. More games are in the development pipeline, with an expected release of an additional suite of games of both live and eTable versions in the near future, including craps, sicbo, hold ‘em poker, and 3-card poker. According to Grandview Research, global revenue in iGaming is expected to grow from $75 billion in 2021 to $127.3 billion by 2027 at a CAGR of 11.94%. Industry growth, spurred by COVID-19, is expected to be further catalyzed by technological advancements, rapidly evolving regulations, and demand from a younger tech savvy demographic with familiarity in digitized environments. PLGNF is led by CEO Darcy Krogh, a pioneer in developing browser-based digital iGaming content for the iGaming market. Live-dealer technology expert Guido Ganschow joins Krogh as company CPO, bringing 13 years of experience in creating real-time, live-dealer technology and platforms. Rounding out the team as COO is Steve Baker, former VP of Shaw Communications, who was integral in growing Shaw’s revenue from $300 million to $2.8 billion during his tenure at the company. PLGNF develops turn-key solutions for online casinos, land-based operators, sportsbook operators, media groups, and big database companies. With a portfolio of IP-protected assets and high barriers to entry, the company is positioned favorably within the hyper-growth iGaming industry. To hear the AudioPressRelease, please visit The NetworkNewsAudio News Podcast (https://ibn.fm/XlEM2). To view the full editorial, visit https://ibn.fm/eXbXw For more information, visit the company’s website at www.Playgon.com. NOTE TO INVESTORS: The latest news and updates relating to PLGNF are available in the company’s newsroom at https://ibn.fm/PLGNF

Nemaura Medical Inc. (NASDAQ: NMRD) Complete Initial Shipment of sugarBEAT(R) Devices to UK Licensee

  • Nemaura Medical announced the successful completion of its initial shipment of sugarBEAT(R) continuous glucose monitor devices to its UK licensee
  • The initial shipment, which comprised 5,000 CGM devices and 200,000 sensors, is expected to result in follow-on monthly orders of up to 2 million sensors and 15,000 CGM devices over the next two years
  • Following the launch of the sugarBeat(R), Nemaura Medical have released the MiBoKo application, designed to help individuals track their metabolic health scores
Nemaura Medical (NASDAQ: NMRD), a medical technology company focused on developing and commercializing non-invasive wearable diagnostic devices and supporting personalized lifestyle coaching programs, revealed that it had recently completed its initial shipment of sugarBEAT(R) continuous glucose monitor (“CGM”) devices to its UK licensee, MySugarWatch Limited (“MySugarWatch”), previously known as DB Ethitronix Limited (https://ibn.fm/D3B2b). MySugarWatch will market the sugarBEAT product under the MySugarWatch(R) brand and has developed a subscription-based diabetes coaching and management service packaged alongside the sugarBEAT monitor and related device sensors, an offering directed towards individuals diagnosed with type 2 diabetes. MySugarWatch had previously placed an initial order for 5,000 CGM devices and 200,000 sensors and anticipate a rolling monthly forecast of up to 2 million sensors and 15,000 CGM devices over the next two years, to target the over 4.9 million diabetics in the UK currently as well as the 13.6 million people at increased risk of contracting Type 2 diabetes. “This initial shipment of sugarBEAT(R) CGM devices to our UK licensee allows the Company to now recognize revenue for the first time in our corporate history and is a true milestone in our development and growth,” commented Nemaura CEO Dr. Faz Chowdhury. “Starting in the UK, patients with Type 2 diabetes can now benefit from a less invasive glucose monitoring option that should improve patient lifestyle, adherence, and outcome.” Founded in 2011, Nemaura Medical has made it its mission to develop non-invasive wearable diagnostic devices designed to help diabetic and near-diabetic patients monitor blood glucose levels by measuring blood makers at the skin’s surface. Following the launch of the company’s flagship product, the sugarBEAT(R), Nemaura recently launched their MiBoKo application, a service offering that has been in development for the past 18 months and which seeks to address a significant mass-market opportunity which the Company believes could benefit roughly a third to half of the global population. The MiBoKo application uses a non-invasive glucose sensor to measure and monitor users’ metabolic health scores, which are based on glucose tolerance or insulin resistance. Prediabetic patients or those facing obesity concerns or looking to monitor their glucose intake would all benefit from using the application. Historically, diabetic and near-diabetic patients have monitored their blood sugar levels by collecting blood capillary samples, which are subsequently analyzed by an accredited laboratory (https://ibn.fm/ggtM1). Nemaura Medical have sought to simplify this process through a non-invasive and rapid procedure carried out by their proprietary device, a solution which has become increasingly essential during the ongoing Covid-19 pandemic, wherein patients with type 2 diabetes who contracted the virus were shown to be nearly 50% more likely to wind up in intensive care if they had mismanaged their blood sugar levels over the long-term, relative to those with better long-term glycaemic control (https://ibn.fm/IggsY). For more information, visit the company websites at www.NemauraMedical.com. NOTE TO INVESTORS: The latest news and updates relating to NMRD are available in the company’s newsroom at https://ibn.fm/NMRD

Lexaria Bioscience Corp. (NASDAQ: LEXX) Announces Major Discovery; Increasing the Effectiveness of Orally Administered CBD

  • In a recent human clinical trial, HYPER-H21-2, DehydraTECH™-CBD reduced arterial stiffness, potentially broadening Lexaria’s application’s ability to treat cardiovascular and other diseases beyond hypertension
  • Lexaria’s patented technology DehydraTECH improves how APIs enter the bloodstream –making multiple benefits possible such as increased delivery speed, increase in brain absorbency, higher bioavailability, and lower costs
  • The company has patent protection received for delivery of nicotine, vitamins, NSAIDs, terpenes and cannabinoids; and patents pending for delivery of estrogen, testosterone, PDE5 inhibitors, antiviral drugs and more
Oral absorption is the most convenient and widely used administration route for taking medications. Decades of research have advanced the understanding of critical factors – anatomical, physiological, and drug information – which control oral bioavailability. Scientists are now better understanding the physiological function and formulation functionality that has been used in designing better and more desirable oral medicine delivery through extensive research. Lexaria Bioscience (NASDAQ: LEXX), a global innovator of drug delivery platforms, is accomplishing this through its patented DehydraTECH(TM) technology. DehydraTECH(TM) improves the way that active pharmaceutical ingredients (“APIs”) make their way into the bloodstream. This is achieved by promoting healthier ingestion methods and an increase in the effectiveness of fat-soluble active molecules. Lexaria’s DehydraTECH(TM) can be summarized by these major benefits:
  • Speeds up delivery
    • The subject feels the effects of the product in as little as a few minutes
  • Increases bioavailability
    • The technology is more effective at delivering a drug or other active pharmaceutical ingredient effectively into the bloodstream
  • Increases brain absorption
    • Testing suggests greater absorption across the blood-brain barrier
  • Improves drug potency
    • A higher proportion of API is made available to the body – allowing for lower doses for similar efficacy
  • Reduces drug administration costs
    • Lower doses can mean lower drug costs overall
  • Masks unwanted taste
    • The technology eliminates or reduces the need for sweeteners
One of Lexaria’s recent human clinical trials (HYPER-H21-2) using DehydraTECH(TM)-processed cannabidiol (“CBD”) reduced arterial stiffness. The discovery potentially broadens Lexaria’s application’s ability to treat cardiovascular and other diseases beyond hypertension, which had already shown tremendous promise (https://ibn.fm/egW5m). “Reducing arterial stiffness in Lexaria’s recent hypertension study after only a single day of dosing with our DehydraTECH-CBD is a major discovery,” company President John Docherty said, commenting on the results of the study. “We know that increased arterial stiffness is correlated with many serious and life-threatening diseases affecting people worldwide, and we are optimistic that our latest findings could have future widespread implications for the promotion of improved human health and wellness.” To evaluate its technology Lexaria has collaborated with the National Research Council (“NRC”), the Canadian government’s premier research and technology organization. The company has received patent protection for delivery of nicotine, vitamins, NSAIDs, terpenes and cannabinoids; and patents pending for delivery of estrogen, testosterone, PDE5 inhibitors, antiviral drugs and more 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

Friendable Inc. (FDBL) CEO Shares the Company’s Inner Workings on Interview With The LA Tribune

  • Robert Rositano, the CEO and one of the founders of Friendable, was interviewed by The Los Angeles Tribune in an article published on December 14, 2021
  • In the interview, he shared insights into the Fan Pass Live artist platform, what it has achieved so far, and what it plans to accomplish in the future
  • He covered the vision behind the platform, the events that led to its formation, and the goals planned for 2022
Friendable (OTC: FDBL), since its inception back in 2014, has remained focused on developing and identifying products, services, and brand opportunities that have mass-market potential and scalability. From launching its first mobile application in the same year, this enterprise has scaled its market reach and diversified its offering to a level where its current market cap stands at just under $2 million (https://ibn.fm/KAltf). Friendable’s current focus is its Fan Pass Live artist platform, a revolutionary approach that offers artists a way to share their music content and make money from it. Artists can make money through fan subscriptions, ticket sales, merchandise sales, and more, all through the platform. Additionally, they can connect to their fans more personally, and fans can enjoy exclusive VIP or backstage experiences right from their smartphones (https://ibn.fm/4R3Xi). While speaking to The Los Angeles Tribune in an article published on December 14, 2021, Robert Rositano, the Chief Executive Officer (“CEO”) and one of the founders of Friendable, got to share the inner workings of the platform. He also provided a background into what led to the platform’s formation, the company’s achievements so far, and what it looks to accomplish in 2022. Mr. Rositano noted that the Fan Pass Live artist platform is an evolution of all that that he and his brother have brought to market in the past. This started from the first company they ever founded, Netcom Online Communications, to America’s Biggest, the first and only video community online that launched two weeks before YouTube (https://ibn.fm/zcA8R). He also expressed his excitement for the 2022 calendar year, for which he noted Fan Pass intends to grow its artist roster to more than 300,00 artists. In addition, the company plans to expand its music distribution and playlisting services while also partnering with venues so fans can also purchase virtual tickets on the platform. “We continue to build on each of our successes and learn more every single day from our artists and that is what it’s all about,” noted Mr. Robert Rositano. “Our team prides itself on being the family all artists need, one in which the relationship goes both ways. It’s not about control, we should succeed together, which is what we are building here with Fan Pass Live,” he added (https://ibn.fm/s4VHB). Fan Pass Live is committed to becoming a true artist partner. Through the decisions made thus far and the strategic investments made by its founders, the platform is accelerating an important transformation in the music industry. You can read the full LA Tribune article here https://ibn.fm/WkL2m For more information, visit the company’s website at www.Friendable.com. NOTE TO INVESTORS: The latest news and updates relating to FDBL are available in the company’s newsroom at http://ibn.fm/FDBL

Growth Capital Acquisition Corp. (NASDAQ: GCAC) Is ‘One to Watch’

Growth Capital Acquisition Corp. (NASDAQ: GCAC), a publicly traded special purpose acquisition company listed on February 2, 2021, with $172.5 million in Trust, and Cepton Technologies Inc., a Silicon Valley innovator and leader in high performance MMT(R) lidar solutions, on August 5, 2021, announced their entry into a definitive business combination agreement. Upon closing of the transaction, the combined company will be renamed ‘Cepton Inc.’ and is expected to be listed on the Nasdaq stock exchange under new ticker symbol ‘CPTN’. The proposed business combination, which has been unanimously approved by the boards of directors of Cepton and Growth Capital, is expected to be completed early in the first quarter of 2022, subject to, among other things, approval by Growth Capital’s stockholders, satisfaction of the conditions stated in the definitive agreement and other customary closing conditions.
  • Cepton Technologies Inc. provides highly competitive price-for-performance lidar solutions based on its proprietary Micro Motion Technology (“MMT(TM)”).
  • The company was awarded by General Motors the industry’s largest automotive OEM program, with an anticipated start of production set for 2023.
  • Cepton has partnered with KOITO, the world’s premier Tier 1 auto lighting supplier, to accelerate product development and enable economies of scale.
  • The company boasts a compelling financial profile supported by a capital efficient model leveraging Tier 1 and system integrator relationships, as well as contract manufacturing.
  • Cepton is founder-led and guided by management team with a proven track record in advanced lidar and imaging technology.
Cepton Technologies Inc. is a provider of state-of-the-art, intelligent, lidar-based solutions serving a range of markets, including automotive (ADAS/AV), smart cities, smart spaces and smart industrial applications. General Motors (NYSE: GM) has granted a series production award for Cepton’s lidar, the biggest such award to date in the automotive space. Cepton’s is the lidar component of GM’s Ultra Cruise autonomous driving platform. By leveraging its patented Micro Motion Technology (“MMT(R)”) lidar platform, the company develops reliable, scalable and cost-effective solutions that deliver long-range, high-resolution 3D perception for smart applications. Cepton was established in 2016 by co-founders Dr. Jun Pei and Dr. Mark McCord. The company is headquartered in San Jose, California, and serves a fast-growing customer base through an international presence spanning North America, Germany, Japan, India and China. Micro Motion Technology (“MMT(R)”) Cepton was built from the ground up to meet key lidar industry challenges for mass market adoption. This company’s portfolio of proprietary technology is uniquely aimed at facilitating this industry growth through a combination of performance, reliability, affordability and design integration. Key among its innovations is MMT(R), a mirrorless, frictionless, rotation-free 3D imaging platform designed specifically for lidars. Its benefits for OEMs and system integrators include:
  • Reliability – The durable design uses common, easily attainable materials
  • Versatility – The platform is capable of achieving near- to ultra-long range with a wide field of view
  • Efficiency – MMT(R) features a compact form factor, low power usage and inexpensive components
  • Scalability – Its simple design means that scale-up to high manufacturing volumes is easily attainable
Because of their compact form factor, Cepton lidars are embeddable and ideally suited for advanced driver-assistance system (“ADAS”) integration, whether behind windshield, in headlamp or in fascia. Agreement with KOITO KOITO Manufacturing Co. Ltd., the world’s premier Tier 1 auto lighting supplier, originally started an evaluation of Cepton’s MMT(R) based lidars in 2018. In 2020, KOITO made an investment in Cepton aimed at accelerating the company’s development and enabling KOITO’s industrialization of high-performance and high reliability lidar sensors for ADAS and autonomous vehicle (“AV”) applications. Through this collaboration, Cepton was able to secure the largest ADAS lidar series production award[1] with General Motors as a sole source in the automotive space. The award covers GM vehicles for the initial period of 2023-2027. On August 5, 2021, the two companies deepened their relationship when KOITO committed to invest a further $50 million in Cepton’s business through its participation in a Private Investment in Public Equity (“PIPE”) offering of shares of common stock of Growth Capital Acquisition Corp. in connection with Cepton’s proposed merger. Collaboration with GM On July 13, 2021, Cepton announced that it had secured an ADAS lidar series production award from a leading, Detroit-based global automotive OEM – the biggest lidar production award by any OEM to any lidar company. It was later clarified that the OEM was General Motors, and Cepton’s lidar is part of GM’s ADAS Ultra Cruise system. GM is “expected to deploy Cepton lidars in its next generation of advanced driver assistance systems (“ADAS”) across multiple vehicle classes and models – not just luxury cars.” As such, the agreement marks the potential for “an industry-first, mass-market adoption of lidar technology for automotive ADAS, with an anticipated deployment in consumer vehicles starting in 2023.” On July 28, 2021, Ford Motor Company (NYSE: F) distributed an article on Medium noting, “Ford has been engaged with Cepton almost since their inception in 2016, both for R&D collaboration and small-scale deployments. Cepton LiDAR are deployed in some of [Ford’s] smart city projects. Based on Ford’s guidance, Cepton delivered a custom version of their LiDAR to enable R&D on advanced ADAS features.” Market Outlook Driven by increasing development and adoption in automobile safety applications, environmental mapping and 3D-modeling, the global lidar market is forecast to experience considerable growth over the coming years. A research report published by MarketsAndMarkets suggests that the sector will grow to an estimated $3.4 billion by 2026, achieving a CAGR of 21.6% over the next five years. The report further highlights increasing investments in lidar startups by automotive giants as a driver of growth opportunities in the sector, particularly in North America. In 2020, ground-based lidar accounted for the lion’s share of the overall lidar market, and this trend is expected to continue as the automotive sector continues to rapidly advance adoption across the full spectrum of vehicle classes. One factor not to be underestimated is the high barrier of entry and the exceptionally long time required for automotive OEMs to vet and award a production win to a lidar company. It is a commonly held view that the over 50 lidar companies will inevitably coalesce into a handful serving all OEMs. Cepton, having a head start through its established partnership with leading global OEM GM, is uniquely positioned to capitalize on this market growth in the years to come. Management Team Cepton’s founder-led team is made up of lidar industry pioneers with decades of collective experience across advanced lidar and imaging technologies. Jun Pei, Ph.D., is the company’s CEO and Co-Founder. He is a technology specialist with a focus in optics and electronics. Prior to founding Cepton, Dr. Pei founded AEP Technology, a firm focused on developing advanced 3D optical instruments. He received his Ph.D. in electrical engineering from Stanford University. Mark McCord, Ph.D., is Cepton’s CTO and Co-Founder. Prior to founding Cepton, he led advanced development at KLA-Tencor. Dr. McCord also formerly served as an associate professor at Stanford University, where he earned his Ph.D. in electrical engineering. Winston Fu, Ph.D., is the company’s CFO. Dr. Fu is the founder of Silicon Valley venture capital firm LDV Partners. Prior to joining Cepton, he served as CFO and Chairman of Active-Semi before its acquisition. Dr. Fu has also helped to build many technology companies as an entrepreneur and/or board member. He received his Ph.D. in applied physics from Stanford University, as well as an MBA from the Kellogg School of Management at Northwestern University. [1] Largest known ADAS lidar series production award based on number of vehicle models awarded For more information, visit the company’s website at www.GCACorp.com NOTE TO INVESTORS: The latest news and updates relating to GCAC are available in the company’s newsroom at https://ibn.fm/GCAC

As Cannabis Market Continues to Expand, Marijuana Company of America Inc. (MCOA) Anticipates Sustained Growth Following Record-Breaking Quarter

  • Education and job opportunities are being created for the sector, as more states and more countries around the word are pushing for cannabis legalization
  • MCOA offers diverse operations that include both wholly-owned subsidiaries and investment interests, including Cannabis Global Inc., Eco Innovation Group Inc., and Natural Plant Extract
  • During Q3 2021, the company saw its highest revenue earning quarter since it became public
Despite challenges posed by the global pandemic, the legalized cannabis market is expected to grow significantly in the next five years. The market was valued at approximately $19.96 billion in 2018, and it is expected to grow at a CAGR of 17.2% during the forecast period, most likely topping $81.47 billion by the end of 2027, according to a recent market forecast report from Transparency Market Research (https://ibn.fm/EuGaN). With more states and countries worldwide pushing for legalization of cannabis, new opportunities are being created specifically for this sector. Most recently, Malta, the EU’s smallest member state, became the first EU country to legalize the cultivation and personal use of cannabis by its citizens (https://ibn.fm/nXxk5). Even colleges and universities are beginning to acknowledge the future of the industry – offering certificate-bearing classes. One example is Syracuse University (“SU”), which has partnered with California-based cannabis education company Green Flower to begin offering students access to certificate programs starting in January. The legalization of cannabis has already shown great promise in New York, creating an additional 77,000 new job opportunities in 2020. “Despite the stigma from the past that still remains around cannabis, the industry itself has an explosive growth pattern that is truly unique and is going to create more opportunities, more jobs, more income and more taxes to the state than any other sector right now,” Green Flower CEO and co-founder Max Simon stated (https://ibn.fm/W8Ucq). Each of the certificate programs will be six months long from start to certification and revolve around different aspects of the cannabis industry, ranging from business, law/policy to medical applications and more. Investing directly in the cannabis sector, Marijuana Company of America (OTC: MCOA) is uniquely positioned to benefit from the cannabis market’s growth and associated opportunities. The company offers diverse operations that include cDistro, one of the THC, hemp, and CBD industry’s fastest-growing distribution companies. MCOA operations also include hempsmart(TM) and VBF brands, a premium CBD company, and a cannabis nursery cultivation facility in Salinas, California, respectively. MCOA is building its portfolio of investments and joint ventures, representing the highest standards of professionalism and integrity in the legal cannabis and the industrial hemp markets. MCOA has partnered with and invested with several cannabis sector leaders, including:
  • Cannabis Global Inc. (OTC: CBGL) – this company is considered an emerging force in the cannabis industry, with a growing product and intellectual property portfolio – including the proprietary Comply Bag(TM) and the development/marketing of the Hemp You Can Feel(TM) brand.
  • Eco Innovation Group Inc. (OTC: ECOX) – works directly with inventors and other professionals to nurture and catalyze the most innovative and impactful products; Working closely with MCOA to help identify and accelerate the development of new hemp-based products for distribution worldwide.
  • Natural Plant Extract (“NPE”) – MCOA holds a direct investment in NPE, which holds a Type 7 California manufacturing and distribution license. This license allows the company to distribute cannabis products anywhere in the state of California.
MCOA recently reported a significant milestone, reaching the highest quarterly revenue numbers since its inception, according to the company’s financial results report for the third quarter, ending September 30, 2021 (https://ibn.fm/s4UPz). “During the third quarter 2021, despite the fact that we have been in the midst of a global pandemic, the Company produced the highest revenues in its history,” CEO Jesus Quintero said, underlining that the company expects to drive continued growth across the entire business the following months. “Our Q3 financial performance was strong and reflects our ability, despite being in a challenging environment, to execute on the strategy by diversifying within the Cannabis industry through strategic acquisitions along with organic growth.” 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

From Our Blog

Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) Set to Capitalize on North American Push to Secure Rare Earth Supply Chains

December 24, 2025

Disseminated on behalf of  Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) and may include paid advertising. A wave of recent investment announcements across the United States is underscoring how rare earth elements have moved from niche commodities to strategic priorities. From refining facilities in Louisiana to magnet recycling hubs in Texas, governments and companies are […]

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