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Asia Broadband Inc. (AABB) on Course to Increase Physical Gold Holdings with Two Potential Property Acquisitions

  • Asia Broadband is increasing its physical gold holdings, to financially leverage and back the company’s AABBG cryptocurrency token, through acquisitions of historic gold mine site properties
  • The company is currently at an advanced stage of negotiations and due diligence process for the purchase of the 200-hectare Los Reyes property in western Mexico, whose assay results show significant promise
  • AABB also announced that it has entered into an LOI to acquire a high-yield asset in the prolific mining region of Acaponeta in Nayarit, also in western Mexico

Asia Broadband (OTC: AABB), a resource company operating using a vertically integrated model that sees it produce, supply and sell precious and base metals, primarily to Asian markets, is committed to strategically increase its physical gold holdings, to financially leverage and back the company’s AABBG cryptocurrency token, by acquiring gold production and high potential gold properties. Driven by this goal, AABB recently made notable strides that are expected to culminate in the acquisition of properties located in two prolific mining regions of Mexico.

The first property – the Los Reyes property – located in the region of Mascota in Jalisco, Mexico, and covering an expansive area of 200 hectares, has two mine sites and houses on-site processing facilities, including one capable of processing 50 tons of gold per day (https://ibn.fm/e78Wq). Asia Broadband recently received the mapping and rock sample assay results for this property as part of a due diligence process that entails performing an expert review of the technical parameters of an asset.

The results from non-targeted rock samples showed great promise for AABB and strongly demonstrated that targeted drilling samples, directed by geophysics data, could have higher gold concentrations and values. Asia Broadband intends to continue conducting more due diligence procedures, as well as furthering negotiations to acquire the property as a fulfillment of the letter of intent (“LOI”) it had signed in early March (https://ibn.fm/gTnjQ). The property has an estimated asset value of $30 million.

AABB’s sights are also set on a second property located in the region of Acaponeta in Nayarit, Mexico, as indicated by a recent announcement in which the company reported it had signed an LOI to acquire the asset (https://ibn.fm/pjCBG). The property has two mine sites, existing infrastructure and a processing facility capable of processing 200 tons of gold per day. Considered a high-grade acquisition target, the asset is located about 48 kilometers southeast of Acaponeta city and 3 kilometers from El Carrizo town.

Asia Broadband anticipates that the Acaponeta project, which has the potential for rapid development, will offer high gold production at low operating costs. In the next few weeks, the company will carry out additional due diligence procedures, including mapping and rock sampling programs, and continue its negotiations to purchase the $11 million property. As part of the initial due diligence, AABB conducted some rock sample tests whose assay results are expected in the coming weeks.

The company noted that efforts were underway to accelerate the Acaponeta project’s acquisition and expeditiously commence production. AABB also stated that once it reaches a definitive agreement, it would avail additional information, such as location details, photos and mineralization data. A look at the company’s new YouTube channel shows that AABB may have reached this point. The channel features short videos showcasing the Los Reyes and Acaponeta properties. You can watch the videos here (https://ibn.fm/izcDY).

For more information, visit the company’s website at www.AsiaBroadbandInc.com.

NOTE TO INVESTORS: The latest news and updates relating to AABB are available in the company’s newsroom at https://ibn.fm/AABB

Hero Technologies Inc. (HENC) Receives Confirmation of Value of Veteran Hemp Acquisition

  • Company pleased that independent review has confirmed fair value of Veteran Hemp Co. asset acquisition
  • HENC entered into purchase agreement to acquire all assets of Veteran Hemp Co. in November 2020
  • Hero Technologies CEO noted that “acquisition is in line with our company’s growth strategy of adding accretive assets to our portfolio”
Hero Technologies (OTC: HENC), a cannabis company focused on a vertically integrated strategy, has received an independent third-party valuation and purchase price allocation for its acquisition of the assets of V Broker LLC., or Veteran Hemp Co. (https://ibn.fm/sPttR). “We are pleased that an independent review has confirmed the fair value of our Veteran Hemp Co. asset acquisition,” said Hero Technologies CEO Gina Serkasevich. “As we continue to develop and execute our integrated ‘seed to sale’ market strategy for cannabis products, we strive to make wise investment decisions. Our carefully considered purchase of Veteran Hemp Co. benefits our balance sheet, our market reach—both retail and wholesale—and our shareholders.” In November 2020, Hero Technologies entered into a purchase agreement to acquire all the assets of Veteran Hemp Co. from Patriot Shield National LLC (https://ibn.fm/uttjm). At the time, Serkasevich noted that “this acquisition is in line with our company’s growth strategy of adding accretive assets to our portfolio. Not only does this business fit into our goals, but we also anticipate great synergies through Ross’s deep connections and relationships in the cannabis industry.” Andrew Ross was CEO of Patriot Shield at the time of the acquisition, and Hero Technologies engaged him to continue running Veteran Hemp Co. and to serve as the company’s security advisor. Veteran Hemp Co. prides itself on offering hemp that is tested, tasted, and veteran approved. The company is committed to providing a quality, consistent, delicious product, and it accomplishes that objective by only working with the best farmers in the country, delivering them the best genetics, helping at every point along the way, and then packaging only the best product. The news of the third-party valuation and purchase price allocation validates HENC’s acquisition of the veteran-founded, Colorado-based online retailer and wholesaler of hemp and cannabinoid products. According to the valuation, which was calculated by Doty Scott Entreprises, the acquired assets from Veteran Hemp are valued at $169,711. The report noted that the acquisition improved Hero Technologies’ balance sheet with $140,805 in total tangible assets, $71,526 in net tangible assets, and $98,195 in intangible assets, including trade names, customer base, and goodwill. Hero Technologies is a cannabis company working toward a vertically integrated business model. The company owns a majority stake in BlackBox Systems and Technologies LLC, an aeroponic cannabis cultivation system that provides optimal growing conditions to enhance photosynthesis and cultivation of large flowering plants, creating increased harvest efficiencies. The company’s strategic business plan includes cannabis genetic engineering, farmland for both medical and recreational cannabis cultivation, production licenses, distribution licenses, consumer packaging, and retail and dispensary operations that make the company a multi-state operator (“MSO”). For more information, visit the company’s website at www.HeroTechnologiesInc.com. NOTE TO INVESTORS: The latest news and updates relating to HENC are available in the company’s newsroom at https://ibn.fm/HENC

Grapefruit USA Inc. (GPFT) New Affiliate Program Authorizes Hourglass Resellers, Broadens Market 

  • Affiliate program designed to authorize third-party resellers that meet certain guidelines to market, sell exclusive Grapefruit products
  • Program will maximize, facilitate distribution of GPFT’s THC-free, hemp-derived CBD Hourglass-powered products
  • Grapefruit’s program also provides invaluable product training and information
On the heels of unveiling its new e-commerce store, Grapefruit USA (OTCQB: GPFT) added to the excitement by announcing a new affiliate program. The program is designed to authorize third-party resellers that meet certain guidelines to market and sell the company’s proprietary THC-free, hemp-derived CBD Hourglass(TM)-powered products (https://ibn.fm/rKKv7). “[Recently] Grapefruit launched a new Affiliate Program to maximize and facilitate distribution of our THC-free, hemp-derived CBD Hourglass-powered products,” said Graperfruit CEO Bradley Yourist. “We feel the new affiliate program will allow Grapefruit to rapidly increase public availability of our [. . .] product lines and enhance Hourglass brand awareness across the U.S. and internationally. The public will only be able to buy the vastly superior patented Hourglass time-release, hemp-based CBD topical cream-based products from Grapefruit and/or its authorized agents and affiliate resellers.” In addition to authorizing affiliates to carry the exclusive products, Grapefruit’s program provides training and information so that affiliates can become knowledgeable about Grapefruit’s cannabis plant-based products as well as the company’s culture and brand. This aspect of the program assists affiliates in becoming prepared to market and sell Grapefruit’s extraordinary products as soon as they become legally available in an affiliate’s jurisdiction. The potential benefit for both affiliates and Grapefruit is impressive. A recent Statista report noted that the U.S. affiliate-marketing spend is projected to reach $8.2 billion next year, almost $3 billion more than the $5.4 billion reported in 2017. The affiliate program creates a can’t-miss opportunity to market and sell Grapefruit products. Grapefruit has built a reputation for offering only the highest-quality products, with each product undergoing rigorous independent testing. The company has committed to making no product claims without clinical validation, so consumers can be confident when they choose Grapefruit. All of Grapefruit’s THC-free, hemp-derived, CBD-based products marketed and sold on the new e-commerce website and through the affiliate program are thoroughly tested and include a QR-coded certificate of analysis, which provides a complete list of third-party-verified ingredients certifying each product’s cannabinoid content, purity and safety. Currently, Grapefruit’s flagship product — Hourglass time-release delivery cream — is the main focus on the e-commerce site and in the affiliate program. The topical cream features cutting-edge science and technology that solves the age-old problem of THC and other cannabinoids not being easily absorbed through the skin. The company’s Hourglass topical cream uses patented microsized particles to slowly deliver THC and a wide range of cannabinoids through skin topical administration. No other topical cream product on the market provides users with the holistic benefits of the range of cannabinoids found in Hourglass. To find out more about the company and its game-changing Hourglass time-release cannabinoid delivery cream, please visit www.GrapefruitBlvd.com. NOTE TO INVESTORS: The latest news and updates relating to GPFT are available in the company’s newsroom at https://ibn.fm/GPFT

AmpliTech Group Inc.’s (NASDAQ: AMPG) New Trial Order among Positives That Could Drive Financial Turnaround

  • AmpliTech Group Inc. announced it had been selected to provide its ultra-low noise amplifiers
  • The trial order, issued by a major Fortune 200 defense contractor, is valued at approximately $120,000
  • The order for a space program offers AmpliTech the opportunity to demonstrate its capabilities
  • It is among other positives that, combined, could drive an important financial turnaround
AmpliTech Group (NASDAQ: AMPG, AMPGW) recently reached a milestone deemed an opportunity for the company to demonstrate its capabilities. The company, which designs, develops and manufactures custom radio frequency (“RF”) components for satellite communications (“SATCOM”), commercial, space, defense and military markets, as well as products for the 5G/6G wireless ecosystem, announced it had been selected by a major Fortune 200 defense contractor to provide its ultra-low noise amplifiers in a trial order valued at about $120,000 (https://ibn.fm/c9uCA). AmpliTech, which prides itself on being a company built on experience, proven technical expertise, superior design heritage and complete customer satisfaction, has developed high-quality amplifiers for use in space-borne satellites and probes that orbit around the earth. Given the rigors of launching and the requirement to maintain the highest performance in a space orbit for many years, AmpliTech builds these parts using specially developed techniques and procedures that it has continually perfected. The company focuses on being a reliable supplier of high-quality amplifiers for use in situations where the best performance is needed. It is this quality that Fawad Maqbool, AmpliTech’s Founder and CEO, alluded to in his statement following the announcement. “Once again, the importance of having the leading-edge performance in the amplifiers is a major factor for the selection, along with our capability to deliver the highest quality as well,” he said. This trial order for a space program buttresses Fawad’s outlook for the remainder of the fiscal year 2021. It follows a similarly positive announcement in which AmpliTech reported that its order backlog had reached $2.2 million at the end of the first quarter of 2021. At the time, Fawad noted that the increased backlog was indicative of growing demand and revenues in the upcoming quarters (https://ibn.fm/gN6Fy). Combined, these positives will be instrumental in helping AMPG bounce back from a financially disappointing year that saw it report a net loss of $1.03 million for the period ended December 31, 2020, down from a net income of $5,945 in 2019. This sharp drop occurred despite an increase in revenue year over year of 11%. According to its Form 10-K filing (https://ibn.fm/SJEYN), AmpliTech’s slip into the red was attributable to the Covid-19 pandemic, as well as an increase in costs related to selling and general and administrative expenses of approximately 46.24% from $1.48 million in 2019 to $2.17 million in 2020. Nonetheless, the company clarified that it expects to continue its business efforts and not shut down – due to pandemic-induced causes – unless otherwise mandated, but also painted a grim picture of 2021 in its outlook for the same reason. “Difficulties in communicating with our customers’ employees and delivery delays due to COVID-19 may impact our ability to meet customer demand, and thus decrease revenue into 2021 and negatively impact our financial condition and results of operation,” reads an excerpt from the 10-K filing. Thus, the trial order is seen as an opportunity for AmpliTech to demonstrate its capabilities on multiple fronts, including proving the forecasted inability to meet customer demand wrong and may well provide the impetus for a financial turnaround by opening AMPG up to an even larger order. For more information, visit the company’s website at www.AmpliTechInc.com. NOTE TO INVESTORS: The latest news and updates relating to AMPG are available in the company’s newsroom at https://ibn.fm/AMPG

Brain Scientific Inc. (BRSF) Offers Solutions for COVID-19 EEG Accessibility

  • Seizures have been common in hospitalized COVID-19 patients, and the death rate higher in those who experienced the seizures
  • Due to a shortage of PPE and limited contact, EEG accessibility was limited during the pandemic
  • The  NeuroCap can fill the gap in EEG accessibility during the pandemic and into the future, as more long-term studies are created
Brain Scientific (OTCQB: BRSF) is developing innovative and proprietary medical devices and software to bridge the widening gap in access to quality care. The Company’s first commercialized devices, the NeuroCap(TM) and NeuroEEG(TM), offer cost-effective and disposable substitutes to their traditional counterparts. The NeuroCap is FDA-cleared, minimizes cross-contamination, and can be administered by clinical staff of any level. With over one-third of coronavirus patients reporting neurological symptoms, more patients must receive EEGs that allow for limited contact and ease of use. The NeuroCap takes less than five minutes to set up, can remain on the patient’s head for up to four hours, and is disposable, making it more sanitary than the bulky wires of traditional EEGs that require constant cleaning. Throughout the pandemic, seizures have been common in hospitalized COVID-19 patients, and the death rate higher in those who experienced the seizures (https://ibn.fm/rMqOU). “Patients as a whole are at significantly high risk of seizures when they’re critically ill in the ICU,” stated Richard Temes, a neurologist at Northwell Health in New York in an article published by The Scientist. “The only way that you detect these seizures oftentimes is by capturing the seizure activity on the EEG.” Monitoring a patient’s brain waves lets the physician know how best to treat the patient. However, due to a shortage of personal protective equipment (“PPE”) and the need to limit interaction with patients, only the sickest patients were receiving EEGs during the beginning of the pandemic. With time it was discovered that what was thought to be only a respiratory syndrome had a significant effect throughout the body and the brain, resulting in a wide range of cognitive effects from brain fog to strokes. According to The Scientist, the number of seizures was similar to the number reported for patients hospitalized with other illnesses. The seizures might not be COVID attacking the brain or causing brain damage, but rather the severity of the disease. Right now, it is unknown how COVID-19 affects the brain. More studies are needed. The NeuroCap is ideal for this type of study for several reasons:
  • Pre-gelled fixed electrode placement makes it easy to apply by frontline healthcare workers, no specialized EEG technicians needed (https://ibn.fm/Pietm)
  • Application takes less than five minutes, limiting the time of contact with the patient
  • Disposable and sanitary
  • Available in multiple sizes, including pediatrics
  • Cost-effective
Brain Scientific is working toward improving patients’ access to neurological care. The NeuroCap can fill the gap in EEG testing availabilities during the COVID pandemic and beyond as more long-term studies are created. For more information, visit the company’s website at www.BrainScientific.com/Invest-Now. NOTE TO INVESTORS: The latest news and updates relating to BRSF are available in the company’s newsroom at https://ibn.fm/BRSF

Mobius Interactive Ltd. – The Profits and Benefits of a Female CEO

  • The number of female gamers is increasing; gender diversity is essential in the board room
  • S&P Global reported that firms with female CEOs saw a 20% increase in stock price momentum in the 24 months post-appointment
  • CEO Lynn Pearce is highly respected in the gaming industry
Women love to game. Women are a huge part of the gaming industry, accounting for 45% of the US gaming population in 2019 (https://ibn.fm/FNwbu). With the expansion of mobile accessible games and the influx of female pro-gamers on the Esports scene, this number is only increasing. Mobius Interactive. understands the need for gender diversity at every level, from the board room to customer service. Mobius Interactive is proud to call Lynn Pearce their Chief Executive Officer. S&P Global recently ran a study that showed firms with female CEOs saw a 20% increase in stock price momentum in the 24 months post-appointment. Those with high gender diversity on the board of directors saw higher profits than those with low gender diversity (https://ibn.fm/FNzjD). One theory about this success ratio: females in the business world are held to a higher standard. Lynn Pearce co-founded Mobius Interactive. She has served as a vital component of the team since Day One. Her talents are widely-known within the industry: as a regular contributor to Infinity Gaming Magazine and a yearly judge for the prestigious International Gaming Awards, which takes place the evening before the ICE London exhibition. Pearce has extensive senior management experience in online gaming; she has been head-hunted by some of the best in the industry. As a data-driven, commercially focused, strategic marketing leader with over 15 years of success, she has played a critical role in the rapid climb of Mobius Interactive. In Pearce’s recent article, Unicorns in Business Globally (https://ibn.fm/MGBNi), she asks why there are so few female-founded and female-led startups. She points out that fundraising is an essential step at the outset, and that there is a wide gender financing gap in both debt financing and equity financing. A high percentage of female founders have reported experiencing gender discrimination while fundraising. Pearce saw a challenge and tackled it head-on. On the hunt for investors, she was introduced to Gary Eldridge. Gary saw a great opportunity: he joined Pearce in co-founding Mobius Interactive with two other co-founders, Robin Lawson, COO and Nicholas de Freitas, VP Marketing. They set out to create an online Esports entertainment and gaming company that would change the way consumers game worldwide. Since its launch in September 2020, Mobius Interactive has seen continuous month-over-month revenue growth, a conversion rate of new signups above industry standards, and marketing campaigns slated to enter the three biggest iGaming markets in the world (https://ibn.fm/3H3lX). In less than a year, this gender-diverse team, led by CEO Lynn Pearce, has experienced tremendous growth and opportunity. Mobius Interactive is seeking out partnerships and joint-ventures, and plans to take the company public by mid-summer of this year. For more information, visit the company’s website at www.MobiusInteractive.Ltd. NOTE TO INVESTORS: The latest news and updates relating to Mobius are available in the company’s newsroom at http://ibn.fm/Mobius

Sonoma Biologics Corp. Benefits from Sonoma County Soil & Sunshine to Produce the Highest Quality Cannabis

  • Sonoma Biologics is committed to having as close to a zero environmental impact as possible and has diversified from premium wine grapes to cannabis
  • California weather makes it ideal for growing cannabis outdoors, minimizing the need for climate control and artificial lighting
  • The energy required of indoor cannabis factories is positioned to outstrip all California’s wind energy production efforts, even though growing outdoors is 100% viable
Growers across the United States are succumbing to what Evan Mills, a writer for Future Tense, calls the “cannabis carbon trap.” In To Make Cannabis Green, We Need to Grow it Outdoors, Mills highlights the harm that indoor facilities are causing and how outdoor growers, like Sonoma Biologics, are the ones who are doing it right. Sonoma Biologics, an ultra-premium cannabis grower, has committed to having as close to a zero environmental impact as possible. The Company is run by an experienced management team with a proven track record in large-scale agriculture and organic cultivation. Since entering the cannabis industry, Sonoma Biologics has passed stringent California quality control laboratory testing year after year and adhere strictly to organic cultivation methods. “When the cannabis proposition passed in California, we looked at it as another way to diversify what we are doing here on an organic farm,” stated Paul Caracciolo, CEO and Co-founder of Sonoma Biologics (https://ibn.fm/xmce2). “We are very biologically sensitive. And, we’re committed to organics and environmental conservation, for sure.” The California weather makes it ideal for growing cannabis outdoors, minimizing the need for climate control or artificial lighting and lowering the cost of production. Using science as their base, the team at Sonoma Biologics screens and optimizes specific genetic strains to best suit the Sonoma Valley and California climate. Sonoma soil is known for producing exquisite grapes for wine and now is being used, along with the California sunshine, to produce ultra-premium cannabis. Sonoma Biologics is an attractive investment opportunity for those who see the rising value of premium cannabis while also caring about the environmental impact growers have on our irreplaceable earth. “The energy appetite of cannabis factories is already poised to outstrip all California’s wind energy production,” writes Mills. “Can we really afford to allow discretionary indoor cannabis to siphon off clean energy needed for activities that can’t be performed outdoors?” Why, when California’s climate is so prime for cannabis growth, are we wasting precious resources on indoor facilities? Caracciolo believes strongly in using organic to improve lives. As a family business and the place where they live, they have great respect and investment in making the healthiest and most premium product possible. It’s not just a business; for Sonoma Biologics, it’s family. For more information, visit the company’s website at www.OwnSonomaBiologics.com. NOTE TO INVESTORS: The latest news and updates relating to Sonoma are available in the company’s newsroom at https://ibn.fm/Sonoma

BAND Royalty Pre-Sales $700,000 In BAND NFTs, Innovative Music Royalty NFTs

  • Music NFT company BAND Royalty has developed a series of limited edition beautifully curated NFTs in the same vein as HashMasks and CryptoPunks, both of which have had NFTs sell in the millions
  • The goal was to give these BAND NFTs a special opportunity to have utility by connecting them to performance royalties of today’s platinum artists such as Beyonce, Jay-Z, Justin Timberlake, Rihanna, Cher, Demi Lovato and so many more
  • The first series contains 3,000 NFTs at value ranges between the rare diamond levels (worth 15 to 25 ETH) all pre-sold for $200,000 within 72 hours, to the most widely available vinyl levels (worth 1 ETH)
  • A private-buyer presale of the first series sold the three rarest of the NFTs as well as additional other-level NFTs for an Ethereum equivalent of over $700,000 on May 5
  • The remainder of the first series’ NFT’s becomes available for public sale directly the Bandroyalty.com website as of May 15
  • BAND Royalty buys into seasoned music royalty catalogs and plans on giving BAND NFT holders the opportunity to share in the income generated by these same catalogs once they go through the BAND Royalty staking mechanism
Music entertainment technology company BAND Royalty made a bit of history when it closed its first private presale of a select group of non-fungible tokens (“NFTs”) that not only provide their holders with collectible digital art but also give those  holders an opportunity to share in the song royalties that BAND Royalty owns that are tied to prominent artists’ performances. The BAND NFTs provide digital (blockchain), non-copyright ownership of art-and- the performance royalty selections that feature well-known and popular artists such as Beyoncé, Justin Timberlake, Rihanna, will.i.am, and Jay-Z, and an opportunity to share in the performance royalties generated by the catalog owned by BAND Royalty. The presale round of BAND NFT Series 1 NFT music art collectibles sold the top three Diamond Album BAND NFTs for a combined cryptocurrency value of 60 ETH, which was at the time valued at more than $200,000. In all, the presale round brought in over $700,000 in Ethereum equivalence, according to the company’s news release (https://ibn.fm/DJ8VV). The three diamond-level NFTs were considered to be the most valuable on the market based on their low mint number and rarity — each containing only one exemplar ranging in value from 15 ETH to the double diamond album’s 25 ETH. The three premier NFTs will include Band TOKENS once they are rolled out, and access to all three BAND royalty pools. The royalty pools hope to grant the NFT holder the option of “staking” their NFT art to receive a share of pooled revenues from either printed versions of a musical selection, public and mechanical performances of the musical selection, or visual media synchronization of the selection such as its appearance in a movie, video game or advertisement. Staking involves contractually securing the NFT to a platform for a period of time so that the owner can’t otherwise trade on its value, with the ultimate goal of passively obtaining value from the platform where the NFT is staked, which in BAND’s case involves granting stake holders a share of royalties in the defined pools, if those royalties are ever generated. The period for royalty pool staking ranges from 90 days to five years according to the NFT holder’s wishes and willingness to adopt the risk. The $700,000 value of the total NFT sales included sales of other rarity levels of BAND’s NFT offering below the diamond levels, ranging from vinyl albums (1,500 available, highest mint numbers, worth 1 ETH each) to platinum albums (22 available, lower mint numbers, worth 10 ETH each). The two most valuable platinum levels offer opportunities to stake in all three of the royalty pools, while the three lower value vinyl and gold pools offer a choice of one or two royalty pools to stake in, respectively. With presales completed, the remainder of the 3,000 albums will become available directly from BAND Royalty’s website and NFT marketplace, www.bandroyalty.com, on May 15 for purchase on a first-come, first-served basis. The first series of 3,000 musician NFTs will be followed by three other similar series for an eventual total of 12,000 BAND NFTs. For more information, visit the company’s website at www.BANDRoyalty.com. NOTE TO INVESTORS: The latest news and updates relating to BAND Royalty are available in the company’s newsroom at https://ibn.fm/BAND

Pac Roots Cannabis Corp.’S (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Focus on Premium Genetics, Iconic Branding Differentiates Products in Competitive Marketplace

  • PACR’s partnership with Phenome One gives it access to world’s most exclusive cannabis genetics
  • PACR’s genetics-based approach to cultivation resulted in 350 tested cultivars, 50 super-elite strains
  • Every ounce of 105,000-pound test run purchased by Speakeasy Cannabis Club
  • Company recently acquired established Lords of Grasstown brand that blends cannabis, motorcycle culture
Saturated supply chains and a stream of new market entrants have had little effect on Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM), a Canadian genetics-focused cannabis company dedicated to producing premium strains and products. PACR uses a “genetics first” approach to cultivation that is critical to the company’s success in a market crowded with generic mass-produced cannabis products. Through a partnership with Phenome One, a plant breeding management and analytics firm, PACR has access to a selection of some of the world’s most exclusive cannabis plants from Canada’s most comprehensive genetics library. This allows the company to develop exclusive strains with unique characteristics that include an optimized cannabinoid profile, environmental resiliency, and overall greater production yields. So far, the company’s genetics-based cultivation has produced around 350 tested cultivars that include 50 prized “super-elite” strains that provide maximum yields and increased profitability – a testament to the company’s commitment to produce quality over quantity. Accordingly, the company’s pilot run with joint venture partner Rock Creek Farms produced 105,000 pounds of top-quality biomass – all of which was purchased in one go by the Speakeasy Cannabis Club. “We don’t deal with seeds. It’s different from most hemp farmers where seeds are thrown off of the back of a tractor,” said PacRoots CEO Patrick Elliott Elliot (https://ibn.fm/oWjJf). “We grow these seedlings, clones, clippings or cuttings from a live plant and we grow them for the first month indoors and plant them. What this does is ensure is that you are going to get exactly what you expect out of that cultivar.” Along with producing a superior, differentiated product, PACR leverages the power of iconic branding to connect key audiences with its products. With an eye on the North American West Coast, the Company recently acquired Lords of Grasstown, an established cannabis motorcycle lifestyle brand with a loyal following among biker and cannabis communities (https://ibn.fm/y3HED). Initially founded in 2013, Lords of Grasstown was created to build upon the tremendous success of Lords of Gastown, a lifestyle and apparel brand that fuses motorcycle culture with streetwear and personal care products. “This acquisition marks a major milestone for the company with a move into the U.S. Cannabis Market, predominantly in California, with the Grasstown Brand,” said Elliott. “The team at Lords of Grasstown have done a remarkable job branding, designing, launching and marketing Grasstown in BC and California. The alliances are real, and the followers like what they see. We are thrilled to develop and expand Grasstown from Prince Rupert to San Diego.” Since its inception, Pac Roots has differentiated itself from competitors through its unique genetics-based cultivation approach and branding strategy, allowing it to produce top-shelf products while maximizing yields and minimizing labor costs. As the industry continues to mature, PACR’s long-term multi-pronged strategy gives it a distinct advantage in the highly competitive cannabis market. For more information, visit the company’s website at www.PacRoots.ca. NOTE TO INVESTORS: The latest news and updates relating to PACR are available in the company’s newsroom at http://ibn.fm/PACR

Friendable Inc.’s (FDBL) Fan Pass Platform Offers Important Alternative Revenue Streams, While Traditional Music Streaming Companies Face Criticism

  • The Union of Musicians and Allied Workers (“UMAW”) has waged war against music streaming companies such as Spotify, demanding that they change their revenue structure to benefit featured artists more
  • The Fan Pass platform combines the revenue structure of traditional music streaming sites but with a unique spin, offering artists more opportunities for individual revenue streams
  • Friendable has worked hard since launching Fan Pass in 2020 to find ways to increase revenue for artists, including PPV ticket sales, upcoming NFTs, and more
Music streaming companies like Spotify Technology S.A. (NYSE: SPOT) and Apple Inc. (NASDAQ: AAPL) have come under fire recently for not sustaining artist livelihood because the revenue structure they offer does not truly benefit musicians. In the United States, the Union of Musicians and Allied Workers (“UMAW”) was formed to help ensure that musical artists are being paid their fair share of royalties from streaming services. The goal is to create a more just relationship with labels and create safer guidelines for venues. The primary target of the UMAW seems to be Spotify, with the Union demanding:
  • Pay of at least one cent per stream
  • A user-centric payment model
  • Making closed-door contracts available to the public
  • Revealing existing payola, then ending it
  • Crediting all labor in recordings
  • An end to legal battles that are intended to impoverish artists further
A 34-year-old British musician, Nadine Shah, describes her experience as being financially crippled during the pandemic. She is one of the artists who has banded together to force a change. “If we got paid a meaningful income from streaming, that could be a weekly grocery shop; it could contribute to your rent or your mortgage when you need it the most. That’s why I felt compelled to talk about it. I saw so many artists struggling,” Shah said (https://ibn.fm/CuPwg). Under Spotify’s current structure, artists are paid a portion of subscription fees based on the popularity of their music streams. The more popular you are, the higher the potential to earn revenue. Spotify isn’t alone. Many music streaming services utilize the same structure. But Fan Pass, a music streaming platform and application from Friendable (OTC: FDBL), takes the traditional revenue structure and puts its own spin on it. Through the Fan Pass structure, artists earn a portion of the monthly subscription revenue, much like Spotify, but artists who set up ticketed live-streamed events also earn the revenue from their ticket sales. These artists can leverage their fan base for income, not only from monthly subscription revenue, but ticket and merchandise sales as well. Fan Pass was launched at the height of the coronavirus pandemic in July 2020 as a way to enable artists and fans alike to engage in a safe way. “COVID-19 transformed many industries, especially the entertainment/music industry.  Audiences have gravitated toward live stream video through social media, virtual group meetings, and even get-togethers, so fans have been acclimated to consume content digitally.  We’ve made the direct-to-consumer experience an unforgettable, one-of-a-kind experience for both artist and fan,” Friendable CEO Robert A. Rositano Jr. said at the time (https://ibn.fm/7hJJa). He also underlined that Fan Pass is meant to redefine the artist-fan relationship by delivering a unique virtual experience that will be a very lucrative and profitable revenue-sharing model for both the artists and Fan Pass, as fans continue to be invited back for more. The revenue generated by subscriptions and ticket/merchandise sales was only the beginning for the artists on the streaming platform. As recently as April 2021, Friendable has announced expanding the revenue opportunities for artists to include non-fungible tokens (“NFTs”). NFTs represent a unique opportunity for artists and mark the beginning of “Fanpasscrypto.” Each NFT will represent an item such as a photo, video, audio, or another digital-based file. NFTs have generated approximately $237 million in revenue, since 2018, most of it reported in January 2021 (https://ibn.fm/wzRVI). The NFT offering is yet another way in which Fan Pass focuses on empowering artists and helping them increase revenue and elevate their careers through the platform. Fan Pass aims to serve as a true partner to its artist members, who retain full control throughout the entire process and can leverage numerous support tools and services, including marketing materials, logo design and merchandise design services, and more. This approach enables Friendable and Fan Pass to cement their position as a top platform of choice for musicians and fans, as well as a prominent role in the fast-growing global music streaming industry. Before the pandemic, in 2019, the music streaming market was valued at $20.9 billion. The sector is expanding at a CAGR of 17.8 percent, being expected to reach $76.9 billion by 2027 (https://ibn.fm/il8X2). For more information, visit the company’s websites at www.Friendable.com or www.FanPassLive.com. NOTE TO INVESTORS: The latest news and updates relating to FDBL are available in the company’s newsroom at http://ibn.fm/FDBL

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