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InnerScope Hearing Technologies Inc. (INND) Seeks to Position for the Launch of the OTC Hearing Aid Law; Inks Agreement with RiteAid.Com

  • InnerScope Hearing Technologies recently announced that subsidiary HearingAssist’s products would be carried by RiteAid.com
  • The distribution agreement with one of the nation’s leading drug store chains comes as InnerScope seeks to position itself to benefit from the upcoming OTC Hearing Aid Law
  • The Hearing Aid Law will create a new category of hearing aids, available from any retailer without need of doctor appointments or fittings.
  • The law will also see the average cost of these hearing aids decline significantly relative to their current cost – allowing for greater access from the over 40 million Americans unable to afford the product
InnerScope Hearing Technologies (OTC: INND), a disruptive manufacturer and distributor/retailer of direct-to-consumer and FDA registered Bluetooth-controlled hearing aids and personal sound amplifier products (“PSAPs”), recently announced that subsidiary HearingAssist would be launching its branded hearing products and related supplies on RiteAid.com. The announcement will mark yet another milestone for HearingAssist, a long-established leader in the direct-to-consumer hearing aid market, with the company having sold over 500,000 hearing aids since 2008 and generated upwards of over $72 million in top-line revenues from 2018 to 2021 whilst simultaneously transforming into Walmart’s largest hearing aid supplier in the process (https://ibn.fm/Bnm1E). In October 2021, the FDA proposed its initial guidelines for the ground-breaking Over-The-Counter (“OTC”) Hearing Aid Law (“OTC Hearing Aid Law”); will see a new category of hearing aids created, which will be available from any seller without doctor appointments or fittings, and sold at a fraction of the typical cost – about $600 per pair instead of the average $5,000 (which includes fittings and follow-up services) (https://ibn.fm/JNgHY). In anticipation of the upcoming OTC Hearing Aid Law, the management teams at HearingAssist and InnerScope have sought to forge relationships with major retailers and pharmacy chains, seeking to establish and promote its product portfolio ahead of a potential roll-out across their partners’ in-store locations and websites. The successful placement of HearingAssist products on RiteAid.com, one of the nation’s largest drugstore chains with stores in 17 states across the United States, is an early affirmation of the company’s ongoing strategy – one which has already seen the company roll-out its products across their www.iHearDirect.com e-commerce website as well as on the likes of FSAStore.com, HSAStore.com, and WellDeservedHealth.com. “The management teams of HearingAssist and InnerScope are proud to offer HearingAssist Products for all Rite Aid customers,” stated Matthew Moore, President and CEO of InnerScope Hearing Technologies. “The launch of HearingAssist Products on RiteAid.com increases InnerScope’s and HearingAssist’s market penetration and brand recognition ahead of the OTC Hearing Aid Law” (https://ibn.fm/NiXVt). The RiteAid.com win follows on the heels of a number of operational highlights achieved by the company in recent months. In early October, InnerScope announced that it had acquired iHEAR Medical Inc, a direct-to-consumer hearing solutions provider, providing InnerScope with access to over 40 patents and an FDA-registered manufacturing and R&D facility in the process. The company subsequently presented its preliminary fourth quarter 2021 results, with revenues of $633,894 for the year’s final three months (https://ibn.fm/hBIRI) – a record result that coincided with InnerScope’s HearingAssist receiving purchase orders from Walmart of nearly $280,000. (https://ibn.fm/3WoOY). A recent White House fact sheet revealed that the elevated cost of hearing aids permitted a mere 14% of the approximately 48 million Americans with hearing loss to afford the life-changing product (https://ibn.fm/pEwQI). A heavily concentrated marketplace – with the four largest hearing aid manufacturers controlling upwards of 84% of the market – has also contributed to the elevated pricing for the devices. Now and with the forthcoming OTC Hearing Aid Law set to disrupt the decades-long status quo for the hearing aids market, InnerScope will seek to leverage upon its hugely disruptive, direct-to-consumer model to revolutionize the hearing aid market once and for all. 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

Blockchain Africa Conference 2022 Opens New Avenues For E-commerce and Business Opportunities

At the juncture of a socio-economic revolution, Africa is open to new opportunities and possibilities forthcoming in the global blockchain ecosystem. Keeping in mind the scope and interest in blockchain and cryptocurrency in the region, Bitcoin Events organized the 2nd virtual and 8th annual edition of the Blockchain Africa Conference on March 17-18th, 2022. The Blockchain Conference witnessed 1964 attendees from 113 countries, on a forum shared by 57 speakers and dignitaries who expressed their views on the business scope of blockchain in Africa. Participants leveraged the virtual conference floor to connect with peers and attended the knowledge-packed 57 sessions to understand the avenues and developments in the African and global blockchain ecosystem. The Bitcoin Event conferences offer a viable avenue for new and established entities to explore opportunities in the Bitcoin, cryptocurrency, and Blockchain industries. Many eminent dignitaries graced the event to discuss important issues on the social, economic, and financial aspects of the global cryptocurrency economy. Industry veteran, Dr Edward Obasi, COO at DafriGroup PLC, expressed his views, “Blockchain technology is increasingly advancing socio-economic growth for E-commerce and entrepreneurship in Africa and the rest of the globe. The adoption of blockchain and cryptocurrency technologies offer users multiple options and scalability towards ease of doing business.” John Kamara, Founder of Adanian Labs and Afyarekod, and Chairman of the African Blockchain Centre resided as the Master of Ceremonies of the conference and welcomed all the guests, presenters, and speakers and sponsors. He went on to credit Bitcoin Events for hosting the event and doing a phenomenal job of spreading awareness about bitcoin trading and encouraging networking, in the community as well as on a global level. The two-day event offered an exciting avenue for insights, debates, and panel discussions to discuss the future of blockchain and whether this ecosystem is ready to make its way into mainstream businesses. Post-event recordings of the conference sessions are available on our YouTube channel (https://ibn.fm/66qBl), and the overview of the conference is available on our website (https://ibn.fm/l19ad). To continue being a part of the blockchain events, interested individuals/entities can attend the upcoming events:
  • 4th edition of the Crypto Fest (29 September 2022 in Cape Town)
  • 3rd edition of the DeFi Conference (date to be confirmed in late 2022 and will be hosted virtually)
  • 9th edition of the Blockchain Africa Conference (March 2023 in Johannesburg, South Africa)
To learn more, please visit https://ibn.fm/l19ad.

Cybin Inc. (NEO: CYBN) (NYSE American: CYBN) Begins Recruitment for Study Measuring Ketamine’s Psychedelic Effect

  • Cybin-sponsored study will use Kernel Flow, Kernel’s quantitative neuroimaging.
  • Company hopes to learn more about impact ketamine has on brain activity, overall mental well-being.
  • Study results may lead to future studies supporting CYBN’s mission to develop psychedelics into therapeutics.
Cybin’s (NEO: CYBN) (NYSE American: CYBN) efforts to transform the mental-health treatment landscape have reached a key milestone: the company is actively recruiting participants for its upcoming feasibility study using Kernel Flow, Kernel’s quantitative neuroimaging technology (https://ibn.fm/9aSxc). “The feasibility study using Kernel Flow offers an opportunity for researchers and our study participants to quantifiably gather information on a psychedelic experience,” said Cybin CEO Doug Drysdale. “Until now, our understanding of the psychedelic experience has been fairly subjective. This study may lead to larger studies that have the potential to bridge the gap between bringing psychedelics to therapeutics as we learn more about the advantages of these important molecules on brain activity and overall mental well-being.” Cybin, a biopharmaceutical company focused on progressing Psychedelics to Therapeutics(TM), received U.S. Food and Drug Administration Investigational New Drug authorization last year and Institutional Review Board approval earlier this year for the study, which is designed to measure ketamine’s psychedelic effect on cerebral cortex hemodynamics (https://ibn.fm/WISGk). During the study, participants will wear the Kernel Flow headset while receiving either a low dose of ketamine or a placebo. The Kernel Flow device, which features hi-tech sensors to record brain activity, will monitor the participants before, during and after receiving the substances. Additional information will be obtained from structured questionnaires and validated assessments that will be gathered from the participants during study visits and a follow-up. “By leveraging the Kernel Flow technology, we may have the ability to measure longitudinal brain activity before, during and after a psychedelic experience, and collect quantitative data as opposed to subjective patient reporting,” said Drysdale. “We believe the results of this study will lead to future studies that will test the effectiveness of psychedelic treatments and will further support our mission to develop psychedelics into therapeutics.” Cybin is a leading ethical biopharmaceutical company, working with a network of world-class partners and internationally recognized scientists, on a mission to create safe and effective therapeutics to address a multitude of mental health issues. Headquartered in Canada and founded in 2019, Cybin is operational in Canada, the United States, the United Kingdom and Ireland. The company is focused on progressing psychedelics to therapeutics by engineering proprietary drug-discovery platforms, innovative drug-delivery systems, novel formulation approaches and treatment regimens for mental health disorders. For more information, visit the company’s website at www.Cybin.com. NOTE TO INVESTORS: The latest news and updates relating to CYBN are available in the company’s newsroom at https://ibn.fm/CYBN

Mydecine Innovations Group Inc. (NEO: MYCO) (OTC: MYCOF) (FSE: 0NFA) Leveraging Growth Across Multiple Markets Including Mental Health, Healthcare IT

  • Mydecine was founded in 2020 as a response to the lack of innovation addressing mental health treatment and the therapeutic possibilities represented by psychedelic compounds and other novel molecules
  • The world is experiencing a shortage of mental health resources, while faced with an increase in mental health issues on the heels of the pandemic
  • Mydecine is leveraging the psychedelic drugs market, the PTSD market, and healthcare IT markets – with potential growth across all avenues
In the first year of the COVID-19 pandemic, the prevalence of anxiety and depression worldwide increased by 25%, according to a World Health Organization (“WHO”) brief released in March 2022 (https://ibn.fm/NIX0U). The brief also highlights who has been most affected and summarizes the pandemic’s effect on the availability of mental health services. Data compiled by the WHO, including statistics from the latest Global Burden of Disease study, identifies young people and women as the most vulnerable populations for mental health disorders at the hand of the pandemic – with young people carrying a disproportionate risk for suicide or self-harming behavior. The WHO pointed out in their brief that there is a shortage of mental health resources globally which extends to the present. The most recent WHO Mental Health Atlas shows that in 2020, governments worldwide spent an average of 2% of their health budgets on mental health, with low-income countries reporting less than one mental health worker per 100,000 people. Mydecine Innovations Group (NEO: MYCO) (OTC: MYCOF) (FSE: 0NFA) was founded in 2020 as a response to the lack of innovation addressing mental health treatment. Mydecine is currently developing innovative first- and second-generation novel therapeutics to treat the unmet need in mental health and addiction disorders. The company focuses on psychedelic compounds and other novel molecules with therapeutic potential. There is increased focus on the therapeutic potential of psychedelic drugs, as the market is expected to gain momentum and expand from an estimated value of $2.82 billion in 2022 to approximately $7.57 billion by 2028. Driving factors of growth in this market include the rising prevalence of mental depression and anxiety, in addition to the availability of off-label drugs, which have propelled the demand for psychedelic drug options within the market (https://ibn.fm/c0rfm). Mydecine also targets mental health disorders like Post Traumatic Stress Disorder (“PTSD”). In 2020, the global market for PTSD therapeutics was valued at $2.3 billion. By 2027, this market is expected to grow to $3.1 billion, growing at a CAGR of 4.3% over the forecast period (https://ibn.fm/H6UF2). The company’s current pipeline consists of drug candidates that provide a variety of enhancements and are part of psychedelic-assisted therapy programs which are in clinical trial or pre-trial stages as potential treatments for PTSD and smoking cessation. Mydecine’s wholly-owned subsidiary Mindleap features a platform that is the first international virtual health platform that includes psychedelic integration. Mindleap provides features for introduction and post-care integration, including:
  • Fact-based education
  • 1:1 video coaching
  • Trustworthy content
  • Wellness guidance
  • Built-in health journal
Mindleap is leveraging a global healthcare IT market valued at $74.2 billion in 2020. This market is expected to grow at a CAGR of 10.7% over the forecasted period (https://ibn.fm/UqtsZ). The increased adoption of preventative care, more funding for health startups, growing network coverage, improved infrastructure, and advancements in technology, are all contributing market growth factors. The Mindleap healthcare platform is available for iOS and Android download today in the app store (www.Mindleap.com). For more information, visit the company’s website at www.Mydecine.com. NOTE TO INVESTORS: The latest news and updates relating to MYCOF are available in the company’s newsroom at https://ibn.fm/MYCOF

Correlate Infrastructure Partners Inc. (TCCR) Building Climate Change Solutions Through Utilities Analysis for Commercial Facilities

  • Correlate Infrastructure Partners is a provider of data analysis and scalable services to help commercial and industrial real estate owners meet carbon reduction goals while also improving their net operating income
  • Carbon reduction is a significant part of the multi-national response to climate change concerns, and Correlate Infrastructure Partners is taking a site-specific approach to furthering goals established worldwide in 2015
  • The company has been known as Triccar, but its stockholders approved changing the company name and ticker symbol in February, with final approval from the SEC expected within the coming days
  • The company’s efforts to redefine itself reflect its recent acquisition of Correlate Inc. and Loyal Enterprises LLC (dba Solar Site Design) — subsidiaries that together help provide clients with green energy consumption solutions
Worldwide governments and many industry leaders are racing to reduce a steady increase in global temperatures, referred to as climate change, amid concerns about the change’s effect on life and the standards of living humanity expects for itself. But “despite growing pledges of climate action, global emissions are at an all-time high,” according to a statement by United Nations Secretary-General António Guterres on March 31 (https://ibn.fm/WFd8n). “To avert a climate catastrophe, we need bold pledges but matched by concrete, measurable action,” Guterres added. In 2015, 196 members of the international community reached agreement on climate change, setting goals to keep global temperatures from rising 1.5 degrees Celsius above pre-industrial levels – a level regarded as critical by many in answer to the life quality concerns. The UN’s Statistics Division has reported that in order to meet the goals, global carbon dioxide emissions need to be reduced by 45 per cent by 2030 from 2010 levels, and reach net-zero emissions by 2050 (https://ibn.fm/4XOm7). Green facilities electrification solutions provider Correlate Infrastructure Partners (OTCQB: TCCR) is dedicated to helping commercial and industrial real estate owners meet carbon reduction goals in such a way that they are simultaneously able to improve net operating income at significant levels. Correlate Infrastructure Partners believes there is a large market opportunity in reducing site-specific energy consumption and deploying clean energy generation and energy efficiency solutions at scale. The company is at a key inflection point of its growth, having completed acquisition of 100 percent of the equity of Correlate Inc. and Loyal Enterprises LLC (dba Solar Site Design) shortly before the start of the year. In February, the company’s stockholders approved renaming the business to Correlate Infrastructure Partners and abandoning its earlier identity, Triccar. The company filed the information with the U.S. Securities and Exchange Commission (SEC), seeking a new ticker symbol as well. The company also expects to file its annual report on Form 10-K within the very near future (https://ibn.fm/0UnrG). Through its subsidiaries, Correlate Infrastructure Partners uses data in proprietary analytics, concierge subscription services and a highly scalable national fulfillment network to help building owners profit from fully funded, turnkey decarbonization and facility health programs without upfront capital, while also connecting the commercial solar industry with the tools it needs to acquire project opportunities and prospective clients with the expertise they need to design and finance their projects according to their needs. The smart use of building utilities is a key way to reduce wasteful behaviors that lead to unnecessary energy consumption. After comparing utilities and facility data with energy use goals, Correlate Infrastructure Partners helps to identify areas of opportunity for reducing consumption through its analytics expertise and, ultimately, how to maintain the improvements it delivers. For more information, visit the company’s website at www.CorrelateInfra.com. NOTE TO INVESTORS: The latest news and updates relating to TCCR are available in the company’s newsroom at https://ibn.fm/TCCR

American Cannabis Partners Helps Michigan Achieve Record Cannabis Sales

  • Michigan continues to break sales records in the cannabis sector
  • ACP currently operates in Michigan and California and is exploring strategies for expanding operations to two more states
  • The company is focused on three business segments: real estate, acquisition and development of proprietary assets, and ongoing cultivation operations
Cannabis sales numbers for December 2021 are in, and Michigan has broken another record (https://ibn.fm/pySD7). This is the kind of news that cannabis operators in the state, including American Cannabis Partners (“ACP”), love to hear. “Michigan closed out 2021 with another record-breaking month of adult-use marijuana sales in December, state officials say,” reported a recent “Marijuana Moment” article. “The state saw more than $135 million in recreational cannabis purchases and about $33 million in medical marijuana sales last month. “Andrew Brisbo, executive director of the Michigan Marijuana Regulatory Agency (‘MRA’), said on Monday that the numbers ‘marked another high for the adult-use industry,’” the article continued. “The previous adult-use marijuana sales record happened in October, with about $128 million in purchases.” Brisbo went on to note that the “new high is not because of increasing prices. . . . In fact, prices in medical and adult-use continue to drop, month over month and year over year.” The article observed that, while December set the new record for adult-use marijuana purchases, the state saw the most combined recreational and medical cannabis sales in July, with sales totaling about $171 million. “The latest data brings Michigan’s total cannabis sales for 2021 to $1,311,951,737 for adult-use and $481,225,540 for medical marijuana. And those purchases are translating into hundreds of millions of dollars in tax revenue for the state,” the article concluded. “About $131 million is going to a cannabis excise tax fund that supports various initiatives such as infrastructure and public education, MRA spokesman David Harns said. Another $115 million will support the state general fund.” ACP currently operates in Michigan and California. The company is also in the process of exploring land acquisition and project development strategies for expanding operations to two more states this year. With a total of 12 cannabis licenses, including 560,000 square feet of cultivation licenses in California and Michigan and one retail license in Michigan, ACP is committed to becoming a leader in the U.S. cannabis industry. The company is focused on three business segments: real estate, acquisition and development of proprietary assets, and ongoing cultivation operations. Led by a seasoned management team with more than three decades of canna-business experience, ACP is guided by its strategy to capture opportunities in real estate and licensing in states that have recently passed cannabis legalization legislation, thereby equipping the company to capitalize on federal interstate commerce opportunities. Through its current cultivation operations, ACP supplies approximately 80% of its whole flower products for manufacturing, distribution and retail licenses. With the remaining 20%, the company supplies its proprietary strains to select California distributors and its own Michigan retail location under its exclusive in-house brand, ZÜK. For more information, visit the company’s website at www.ACPFarms.com. NOTE TO INVESTORS: The latest news and updates relating to American Cannabis Partners are available in the company’s newsroom at https://ibn.fm/ACP

Delic Holdings Corp. (CSE: DELC) (OTCQB: DELCF) CEO to Present at Three Upcoming Investor Conferences Spotlighting the Company’s Strategic Outlook for the Remainder of 2022

  • Delic Holdings Co-founder and CEO, Matt Stang, will take part in three upcoming conferences – the Scottdale Capital Event, the Planet MicroCap Showcase, and the H.C. Wainwright Annual Global Life Sciences Conference
  • In presentations and one-on-one meetings, Stang will discuss Delic’s new revenue lines and strategic outlook for the remainder of the year
  • During a recent interview on The Jesse Tee Show, Stang noted the company intends to scale its ketamine clinics as well as build infrastructure to accommodate expanded psychedelic healing
  • The company hopes to utilize its expanded infrastructure to help destigmatize mental health conditions
Delic Holdings (CSE: DELC) (OTCQB: DELCF), a company on a mission to provide research, high-quality products, education, and effective treatment options and reframe the psychedelic conversation, recently revealed its Co-founder and CEO, Matt Stang, will take part in a series of upcoming investor conferences scheduled for this spring (https://ibn.fm/PgYbu). Staggered between April and May, the events will see Stang share the company’s new revenue lines and strategic outlook for the rest of the year. At the 10th Annual Scottsdale Capital Event, scheduled for April 22-24, Stang will participate in one-on-one meetings that will look into Delic’s strategic outlook for the rest of the year. Hosted by Capital Event Management at the Fairmont Scottsdale Princess Resort in Scottdale, Arizona, the three-day event is designed to provide institutional investors, high net worth individuals, portfolio managers, and investment advisors to listen to growing companies’ stories and subsequently invest (https://ibn.fm/H4hF1). On May 4, Stang will present at the Planet MicroCap Showcase, a leading in-person event in MicroCap Finance. Stang’s presentation will focus on Delic’s business outlook and growth opportunities for the second half of the year. Like the Scottsdale Capital Event, the three-day Planet MicroCap Showcase, set to be held in Las Vegas, is expected to bring together the premier dealmakers and the most promising organizations. Closing out the series of events is the H.C. Wainwright Annual Global Life Sciences Conference, a hybrid event to be held in Miami, Florida, from May 23 through May 26. During a scheduled presentation, whose recording will be availed from June 10, Stang will detail Delic’s expansion strategy and industry outlook. He will also take part in one-on-one meetings. The common theme of Stang’s presentations and one-on-one meetings is Delic’s growth throughout the remainder of the year. And during a recent interview on The Jesse Tee Show, Stang offered a glimpse into this outlook, possibly pointing to what attendees are likely to hear. When asked about the direction he anticipates Delic to take, for example, Stang discussed the fact that the company seeks to scale (https://ibn.fm/ak4U8). “Being the largest clinic chain in America today, [we look to grow] that exponentially over the next couple of years. We think that the real opportunity is to be in the top 50 or top 100 markets with the clinics, where [people] can get safe, effective, and beneficial care. We want people to feel like there is a solution in their backyard,” said Stang. “The opportunity is to build this thing to a scale where you will see one of our clinics somewhere within 30 minutes of you.” Delic owns and operates an umbrella of brands, including Ketamine Wellness Centers (“KWC”), which constitute the United States’ largest retail and physical footprint of ketamine clinics. While the clinics currently focus on treating mental health conditions using ketamine infusions, Stang noted the company’s outlook for the future also considers other new treatment options, including psilocybin and MDMA (ecstasy), two psychoactive drugs likely to be approved by the Food and Drug Administration (“FDA”) in the coming years, according to a report by the New York Times (https://ibn.fm/nXclX). Additionally, the company intends to build the infrastructure for psychedelic healing, enabling it to effectively adopt better treatments as new molecules are developed and approved. “Each person is so individual and different, and I think having a larger number of [psychedelic treatment options] to try – and they are all so powerful and beneficial in their own ways – is going to change how people interact with and talk about mental health. We can destigmatize mental health conditions,” Stang continued. As part of his presentations during the upcoming investor conferences, Stang is likely to reiterate these sentiments, constraining his outlook to 2022. This is expected to offer insights that could potentially influence investors’ investment in the fast-growing company. 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

CNS Pharmaceuticals, Inc. (NASDAQ: CNSP) CEO John Climaco Shares Company Highlights, Goals at 2022 Virtual Growth Conference Presented by Maxim Group LLC

  • The three-day event showcased CNS through corporate presentation, fireside chat, and live question and answer sessions
  • CNS has been granted both Orphan Drug Designation and Fast Track status from the FDA for Berubicin in 2020 and 2021, respectively
  • CNS initiated a potentially pivotal global trial of Berubicin for recurrent Glioblastoma Multiforme (“GBM”) with the dosing of the first patients in the trial during 3Q 2021
  • At the end of 2021, CNS gained approval from swissethics to initiate trial sites in Switzerland for the global trial of Berubicin
  • Virtual event participation can be found on the CNS website under “Events”
CNS Pharmaceuticals (NASDAQ: CNSP), a clinical-stage biotech company specializing in the development of novel treatments for primary and metastatic cancers of the brain and central nervous system, recently participated in the 2022 Virtual Growth Conference presented by the Maxim Group LLC and hosted by M-Vest from March 28-30. CEO of CNS, John Climaco, represented the company, sharing the corporate presentation and participating in a fireside chat that was moderated by Jason McCarthy, PhD, Head of Biotechnology Research at Maxim Group. The CNS corporate presentation was made available on-demand to those attending the virtual summit. The conference is a platform for investors to hear from company executives from a vast array of sectors, including biotech, clean energy, electric vehicles (“EV”), financial services, fintech, REITS, gaming, entertainment, healthcare, healthcare IT, and more. The three-day event showcased CNS and other participants’ strengths through corporate presentations, fireside chats, roundtable discussions, and live question and answer sessions with the CEOs by Maxim Research Analysts. CNS’ lead drug for glioblastoma multiforme is Berubicin, a novel anthracycline that is the first in its class capable of crossing the blood-brain barrier. A Phase 1 clinical trial for Berubicin was completed by Reata Pharmaceuticals Inc. almost 14 years ago. Since then, one patient has been free of cancer, and two more saw tumor reduction of up to 80%. CNS has since gained FDA Fast Track designation for Berubicin (June 2021) and FDA Orphan Drug Designation (2020). CNS recently gained approval from swissethics, the umbrella organization of the cantonal Ethics Committee in Switzerland, for a potentially pivotal glioblastoma multiforme study with Berubicin. Climaco commented on this achievement, saying it was a significant milestone for the company. “Our stated goal is, and always has been, to see Berubicin approved for the treatment of glioblastoma, and this means globally. This terrible disease does not discriminate on the basis of geography or anything else: Patients in Europe are as desperate as patients in the United States, and treating patients is not only why we do what we do but how we do it as well,” the CNS CEO added (https://ibn.fm/OMOpv). The company is also working on developing its WP1244 drug technology portfolio, utilizing anthracycline and distamycin-based structure to create small molecular agents. These agents are believed to be 500 times more potent than daunorubicin in inhibiting tumor cell proliferation. Preclinical studies have demonstrated a high uptake in antitumor activity. CNS will evaluate its use in the treatment of multiple cancers including brain, pancreatic, ovarian, and lymphoma. In recent months, Climaco participated in other virtual events, including Virtual Investor 2022 Top Picks Conference and H.C. Wainwright BioConnect Conference. During these events, Climaco shared the company’s corporate presentation, participated in moderated question and answer sessions, and discussed the company’s future with Berubicin. The video webcast of the 2022 Top Picks Conference is available online for one year and can be accessed through the “Events” page on the CNS website. For more information, visit the company’s website at www.CNSPharma.com. NOTE TO INVESTORS: The latest news and updates relating to CNSP are available in the company’s newsroom at https://ibn.fm/CNSP

Lightning Network Sees Increase in Popularity; LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Now Has Nine Active Nodes on the Network

  • The Lightning Network speeds up crypto transactions from around 7 per second (Bitcoin) to 1 million per second (Lightning Network protocol)
  • The Lightning Network was in the news due to it being used by Canadian Prime Minister candidate Pierre Poilievre and the possible use for verification of Twitter users
  • LQwD leverages the Network and provides a proprietary platform as a service (“PaaS”) offering that speeds up transaction times, is cost-effective and easy to use from anywhere in the world
Despite recent ups and downs, the cryptocurrency market maintains a strong upward trend, being expected to reach U.S. $2.2 billion by 2026. This marks a CAGR of 7.1% from the 2021 reported value of U.S. $1.6 billion, according to a Markets and Markets report (https://ibn.fm/5jfPz). The growth is primarily driven by the transparency of the distributed ledger technology, which is an obvious detriment in traditional banking systems, as many people do not trust financial institutions, and their lack of transparency leads to dissatisfaction among the public. Cryptocurrency is becoming an increasingly popular option in both emerging and developing countries worldwide – with El Salvador becoming one of the first countries to recognize Bitcoin as legal tender in 2021. Like any currency, the amount of time it takes to process a transaction is taken for granted. The slower the transaction speed, the less likely consumers will use the method. A major credit card company has a network capacity of 65,000 transactions per second in terms of fiat currency. The blockchain transaction time for Bitcoin is only around seven transactions per second unless the transaction uses The Lightning Network, which bumps up transaction times to 1,000,000 per second. The Lightning Network is a layer 2 payment protocol layered on top of the blockchain and facilitates almost instant microtransactions with lower associated fees. One company, LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), is leveraging The Lightning Network and providing a proprietary platform as a service (“PaaS”) that speeds up transaction times, is secure, and facilitates payments anywhere in the world. LQwD’s PaaS was created to be user-friendly – with no little to no technological prerequisite required. LQwD has nine active nodes on The Lightning Network – France, England, Singapore, Sweden, Italy, Indonesia, Germany, Ireland, and the U.S. For more information or to follow LQwD’s nodes, visit www.1ML.com. Speed and efficiency have made the Network increasingly popular, with various parties supporting the incorporation of cryptocurrencies as valid payment methods and the widespread use of the Network, making the news. Pierre Poilievre, a Conservative Party candidate for Canadian Prime Minister, was in the news recently for purchasing his lunch using Bitcoin on The Lightning Network at a local family-based restaurant chain, Tahinis (https://ibn.fm/aZzzi). The restaurant itself has invested all of its cash reserves in Bitcoin. Poilievre’s campaign is pro-crypto, and he was quoted as saying, “Government is ruining the Canadian dollar, so Canadians should have the freedom to use other money, such as bitcoin.” Twitter is also making news by considering the use of cryptocurrency and The Lightning Network to help weed out the scammers and spambots on the network, but users are divided on the topic. The social media company would introduce a verification system (orange checkmark). Users pay the equivalent of US $20 in cryptocurrency to verify themselves, and their posts would receive a “verified” orange checkmark. The idea comes from MicroStrategy CEO Michael Saylor, who tweeted his version of the idea, saying, “Twitter can solve the problem of scammers & spambots if they allow real humans to post ~50,000 sats ($20) via Lightning & get verified w/an Orange Check. Then we can limit comments/DMs to verified accounts. Bad actors forfeit their security deposit & @Twitter monetizes malice” (https://ibn.fm/I5tCV). The verification idea by Saylor is a direct response to the posts by Elon Musk – challenging Twitter’s free speech principles. Musk’s poll on the topic received over two million votes. For more information, visit the company’s website at www.LQwDFinTech.com. NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ibn.fm/LQWDF

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF), Building a House of Brands, Is Creating World-Class Standards for Environmental Impact, Social Justice, and Corporate Governance, to Navigate Increasing Commoditization in its Market Segment

  • Red White & Bloom, a multi-state operator in cannabis and hemp-derived product lines, has built a platform to strengthen its brands, enabling it to wade through the difficulties of increasing product commoditization
  • The company expects to showcase the results of the buildout process in the coming months
  • RWB is also committed to fostering public and local input, equitable leadership opportunities, and removing systemic structures that marginalize segments of society
A Boston Consulting Group (“BCG”) article entitled “Escaping the Doghouse: Winning in Commoditized Markets” notes that a company needs a clear roadmap that shows how it can reorganize itself for the future. This roadmap, it continues, is instrumental in helping the business stay a significant margin ahead of the changes brought about by commoditization, which is described as the situation where consumers deem products as substitutable. (https://ibn.fm/OuT4o). Commoditization has led to the failure and bankruptcy of companies that failed to adopt. At the same time, however, it has triggered the success of organizations that took a more successful approach. To help companies achieve the latter outcome, the BCG article recommends a few strategies. Most notably the write-up suggests that businesses should:
  • Identify winning business models
  • Resegment operations by the market environment versus by product type or region
  • Project the future sources of advantages
Separately, a Forbes article notes that companies that espouse social good, appealing core values, and sustainability, are bound to stay ahead in a commoditized market. Quoting a 2017 CSR study conducted by Cone Communications, the article notes that 89% of the Americans polled in the survey would “switch brands to one that is associated with a good cause, given similar price and quality” (https://ibn.fm/3XNye). For Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a company positioning itself to be one of the top three multi-state operators in the United States in cannabis and hemp-derived product lines, the dynamics of commoditization within the cannabis industry is rather clear. To that end, the company has adopted a strategy anchored in operating a house of brands and corporate social responsibility (“CSR”). “As we close off Q4 2021, we are working diligently to thread all our strategies together and stand up our brands,” said RWB CEO Brad Rogers in his closing remarks during a November corporate update call that accompanied the release of the company’s Q3 2021 financial results (https://ibn.fm/jUuOD). “This is going to be a commoditized market, and our strategy is such that we are going to stand on our brands going forward. We just need to fortify what we are doing in the markets that we are in right now. We have created a platform to be able to do that, and we are looking forward to Q4 2021 and Q1, Q2, 2022 to really show what we have built.” Last year, RWB consolidated its status as a house of brands through various strategic moves, including the January acquisition of Platinum Vape, a leading vape brand with a portfolio that also includes gummies, chocolates, and premium cannabis flower. Presently, and as a result of this acquisition, Red White & Bloom’s portfolio comprises High Times, Platinum Vape, and Mid-American CBD. “This company has been building… and we’ll catch up with respect to where we want to be. So, when we look across 2021, the new acquisitions, the markets, etc., we’ve been building towards that. We have now set the stage in the form of infrastructure to start reporting all revenues and assets of these businesses, most of the one-time expenses and large non-cash items are behind us, putting us on solid ground in 2022 and beyond,” Brad further noted. In addition, RWB is committed to world-class standards in Environmental Impact, Social Justice, and Corporate Governance (“ESG”). Guided by the tagline “It’s our time to BLOOM (an acronym that stands for Build, Lead, Overcome, Optimize, Mentor),” the company is fostering public and local input, equitable leadership opportunities, and removing systemic structures that marginalize, while also working to reduce the number of people imprisoned with non-violent cannabis offenses (https://ibn.fm/rhZBg). 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

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Nasdaq Private Market COO Andrew Krochulick on Getting In Before the Story Is Public

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Private markets were a featured topic at Stocktoberfest presented by Tradr ETFs, held in New York City from October 5 to 7. In the fireside chat “Private Markets: Getting In Before the Story Is Public,” Andrew Krochulick, COO of Nasdaq Private Market, joined Stocktwits Founder and CEO Howard Lindzon on stage at City Winery on […]

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