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Kingman Minerals Ltd. (TSX.V: KGS) to Acquire Increased Interest in Lode Claims, Expanding its Gold and Silver Assets

  • Kingman Minerals announced its entrance into option agreement for area spanning 1,071.2 acres in Arizona’s Mohave County
  • Recent agreement will increase company’s total exploitable mining assets in Mohave County to 72 lode claims across nearly 1,500 acres
  • Company well positioned to capitalize on ongoing surge within precious metals space, with gold prices at their highest level since 2011
  • Kingman Minerals commissioned mining consultant to carry out underground sampling program within its mine ahead of company’s NI43-101 report publication

Kingman Minerals (TSX.V: KGS), a Canadian-based mining company engaged in the acquisition, exploration and development of gold and silver properties in North America, announced that it had recently entered into an option agreement to acquire 100% interest in 52 lode claims covering an area of 1,071.2 acres, located in the Mohave County, Arizona. This agreement represents a significant expansion of company’s gold and silver assets in the historic mining location.

The option agreement, which will be valid for a period of four years, was obtained in exchange for a consideration of $150 thousand in cash, the issuance of 2.5 million new common shares and a commitment by the company to invest at least $1 million in exploration expenditure over the option tenure (http://ibn.fm/ny2Mf). The company has now embarked on the process of preparing a NI43-101 compliant technical report on the newly acquired assets, which will be presented to the TSX Venture Exchange once completed.

Kingman Minerals, which specializes in sourcing and developing existing, non-grass roots properties in locations favorable to mining, had previously announced in late 2019 that it had entered into an option agreement to explore and mine 20 lode claims within the Music Mountains in Mohave County, Arizona (http://ibn.fm/c6CJd). The initial agreement, which included the historic 167-hectare Rosebud Mine, coupled with the newly announced option interest will take Kingman’s total exploitable mining assets in the Mohave area to 72 lode claims, spanning an area of nearly 1,500 acres. The agreements have also served to highlight the ongoing popularity of non-greenfield projects, with over 54% of the gold exploration budget from the world’s top 20 gold producers now being devoted towards reactivating existing or abandoned sites with new mining techniques (http://ibn.fm/zOTr3).

The Mohave County has a longstanding reputation for its abundant mineral resources, with gold first being discovered in the area as far back as 1879. Within twenty years, twelve mines were operating in the region—ten of which were located within two miles of Kingman Mineral’s current site. The Rosebud mine in particular was discovered in the 1880’s and mined primarily in the late 1920s and 30s, with approximately 3,000 tons of ore being removed  over that interim (http://ibn.fm/KkS5D).

In 1985, a sample study was carried out at the then shuttered Rosebud Mine by Stellar Resource Corp, which sought to derive estimates as to the potential mineral content of the mine. While the estimates and assay values could not be verified or relied upon and were not NI 43-101-compliant (http://ibn.fm/xS4Ls), the Stellar Resources’ reports suggested that the mine’s potential assets could amount to as much as 664,000 ounces of gold and 2,600,000 ounces of silver (http://ibn.fm/U980j).  A subsequent exploratory study was carried out within the mine by Kinntaki Resources in 1995. The company collected 135 surface samples across a series of sites throughout the mine, with their NI 43-101 report revealing that a number of the samples had boasted an elevated presence of gold and silver (http://ibn.fm/JY6Wl). These reports forecast favorable conditions for Kingman Minerals’ exploration expansion in the historic mining location.

Gold prices have enjoyed a stellar run as of late, rising to over $1,740 per ounce thus far in 2020 on the back of ongoing economic uncertainty resulting from the Covid-19 pandemic, inflationary concerns originating from mass central bank-led stimulus programs and US dollar weakness.

“With the Bank of America Corp. recently raising its 18-month gold-price target to $3,000 an ounce, Kingman could not be better positioned to capitalize upon the extremely favorable gold environment,” said Sandy MacDougall, chairman and director of Kingman Minerals. Elaborating further on the recent price move, he added, “This area [Mohave County] indicates great potential, not only due to the high-grade gold past producers but the surrounding area as a whole. Kingman intends to verify the extensive historical data that exists, bring the resource estimates to NI 43-101 compliant standards and revitalize this area completely” (http://ibn.fm/Vt4U7).

Kingman Minerals has also recently revealed that it has embarked upon the process of preparing a NI43-101-compliant technical report on its Mohave County assets—a preliminary step required prior to commencing mining operations. Earlier this year, the company commissioned Burgex Inc. (http://ibn.fm/IiC7x), a mining consulting services company specializing in the analysis of abandoned mine sites throughout the western United States, to determine the accessibility of the Rosebud Mine as well as to carry out two separate underground sampling programs (http://ibn.fm/EE09f). Burgex has recently completed the sampling process, with the results from both of the programs to be included in Kingman’s forthcoming NI43-101 publication.

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

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

Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) is “One to Watch”

  • The Bullfrog Gold Project is located in Nevada, the world’s most attractive mining jurisdiction, according to the Fraser Institute (http://ibn.fm/M33ak).
  • M&I gold resources were independently estimated at 624,000 ounces, with a further 110,000 ounces of inferred resources
  • Barrick Gold produced approximately one million ounces of gold from the lands now controlled by Bullfrog Gold, terminating operations in 1999 when gold prices fell below $290/oz.
  • On May 29, 2020, the company was valued at $39 in terms of market cap /oz of M&I gold resources, a steep discount relative to the $130+/oz on for which Northern Empire was sold in 2018 (now NYSE: CDE) and Corvus (TSX: KOR) is currently valued using similar resource estimation criteria.
  • The company recently completed a private placement of primary shares in January 2020, raising C$2.0 million. The proceeds will be used to complete work commitments necessary to purchase the Barrick lands and further its exploration and development activities.
  • The company is well-positioned to capitalize on the growth in demand for gold, as well as the recent positive price action within the precious metals space.
  • Bullfrog Gold Corp. was featured as a key recommendation in Nick Hodge’s Early Advantage newsletter on May 28, 2020, an influential investment newsletter highlighting high-potential small-cap companies.

Bullfrog Gold (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) is a Delaware corporation engaged in the acquisition, exploration and development of gold and silver properties in the United States. The company controls strategic lands with established 43-101 compliant resources in one of the most exciting gold exploration areas in the United States. The Bullfrog Gold Project (“Project”) includes a lease/option on much of the lands where Barrick Bullfrog Inc., a subsidiary of Barrick Gold Corp., produced more than 2.3 million ounces of gold and 2.49 million ounces of silver from 1989 to 1999. The Project is located within the prolific Walker Trend about 125 miles northwest of Las Vegas, Nevada.

Project Highlights

  • The company initially acquired 79 unpatented claims and two patents in mid-2011 and has since staked, leased, optioned, or purchased lands that now total 5,250 acres. Via a 2015 lease/option with Barrick, the Project includes the northern one-third of the Bullfrog deposit where most of the current resources in the Bullfrog mine area occur, along with their interest in the Montgomery-Shoshone deposit which gave the company 100% control.
  • In mid-2017, a NI 43-101-compliant report by independent mining consultancy Tetra Tech Inc. estimated measured and indicated (“M&I”) resources of 624,000 ounces of gold and 1.73 million ounces of silver at average grades of 0.70 g/t and 1.93 g/t, respectively. The expansion plans of these two pits were based on a $1200 gold price, use of heap leach processing, and also included 110,000 ounces of inferred gold resources averaging 1.20 g/t. Barrick used conventional milling to process an average gold grade of 3 g/t.
  • The established resources and exploration potential of the Project are strongly supported by a large data base obtained from Barrick, including detailed information on 155 miles of drilling in 1,262 holes in the Bullfrog mine area.

Gold Rush in the Bullfrog Territory

The area around Beatty, Nevada has now attracted AngloGold Ashanti, Kinross Gold, Corvus Gold, Coeur Mining as well as the company and Waterton. In this regard, Northern Empire Resources Corp’s property located a few miles east of the Project was acquired by Coeur Mining in October 2018 for C$117 million, implying a valuation of C$134/oz of inferred resources. As of today, the company is trading at a significant discount to the valuation at which Northern Empire was purchased (http://ibn.fm/9NaaN), thereby highlighting the company’s value proposition for investors.

Bullfrog Gold Corp. is focused on enhancing shareholder returns by concurrently advancing Project development and performing exploration drilling programs on several targets identified by the company.

Secured Financing for 2020 Operations

Bullfrog Gold Corp. raised C$2 million in January 2020 through a private placement of shares priced at C$0.13/share plus a one-half warrant exercisable within two years at C$0.20 on a full warrant basis. The raise was carried out primarily to fund a drill program that started on May 1 (http://ibn.fm/6nZ0m), and was completed on June 6, 2020. Results from drilling 12,520 feet in 25 holes will be released in the coming weeks. The company subsequently intends to conduct a preliminary financial analysis and complete further drill programs to advance the Project and add value. The financing was subscribed by several influential shareholders, including a former director of Northern Empire, who handled the sale of the company to Coeur Mining, and Eros Resources, the management of which has been involved with several high-profile mining projects and sales in the past.

Gold Prices estimated to average $1,800/oz in 2021

Gold prices have been on a remarkable run in 2020, rising by $245/oz to $1,760 prior to peaking in early May. Global central banks carried out 144 interest rate cuts thus far in 2020, reducing their rates by a cumulative 5,035 basis points (http://ibn.fm/jzZt0). Meanwhile, the IMF has estimated that global governments have introduced fiscal support measures amounting to over $9 trillion since the start of the COVID-19 pandemic (http://ibn.fm/Or9rI). The resulting weakness in the U.S. dollar and eventual inflationary pressures stemming from these measures prompted Credit Suisse to recently hike their gold price forecasts for the full year to $1,701/oz (from $1,570 previously), while the outlook for 2021 has been raised to $1,800/oz (versus $1,600 previously) (http://ibn.fm/Iqg0X).

Management Team

David Beling, CEO, President and Director
David Beling is a Registered Professional Mining Engineer with 55 years of diverse experience in areas such as engineering, development, permitting, construction, financing and management of mines and plants and the building and growth of several corporations. His initial employment included 14 years with Phelps Dodge, Union Oil, Fluor, United Technologies, and Westinghouse, followed by 41 years of senior management and consulting with 25+ U.S. and Canadian mining companies. In 2006-2007, he spearheaded an IPO, successfully drove equity raises totaling C$112 million and grew that company’s market capitalization to $460 million. Beling has served on 14 boards since 1981, including three mining companies distinguished by the TSX Venture Exchange as top-10 performers.

Alan Lindsay, Chairman of the Board
Alan Lindsay is an entrepreneur and businessman who has founded seven companies within the mining and pharmaceutical industries, including Anatolia Minerals Development Ltd., Uranium Energy Corp., Oroperu Mineral, Strategic American Oil and AZCO Mining. Lindsay also developed the strategic vision for the 2011 acquisition and placement of the Project from NPX Metals into Bullfrog Gold Corp.

Kjeld Thygesen, Director
Kjeld is a graduate of the University of Natal in South Africa and has 48 years of experience as a resource analyst and fund manager. In 1972, he joined James Capel and Co. in London as part of its highly rated gold and mining research team before subsequently becoming manager of N. M. Rothschild & Sons’ commodities and Natural Resources Department in 1979. In 1987, he became an executive director of N. M. Rothschild International Asset Management Ltd., before co-founding Lion Resource Management Ltd., a specialist investment manager in the mining and natural resources sector, in 1989. Thygesen has been a director of Ivanhoe Mines Ltd. since 2001 and served as investment director for Resources Investment Trust PLC from 2002 to 2006.

Tyler Minnick, CFO and Director of Administration & Finance
A registered member of the Colorado Society of Certified Public Accountants with over 24 years of experience within the fields of accounting, auditing, and administrative services. Minnick has been engaged with the company since mid-2011 and previously worked in the finance department of MDC Holdings/Richmond American Homes, one of the largest residential construction companies in the United States.

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

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

SinglePoint Inc. (SING) Surpasses $1 Million in Q1 Revenue, Reaping Significant Rewards from Pivoting Strategy During Economic Crisis

  • SING surpasses $1 million in Q1 revenue through new online strategy for subsidiary Direct Solar
  • 1606 Hemp social media strategy grew followers from 100 to over 20,000 with direct increase in online sales
  • 1606 Hemp physical distribution increased to over 400 stores within several months

With a combination of perseverance and flexibility, management at SinglePoint (OTCQB: SING) led the company to increased growth surpassing $1 million in Q1 revenue as a result of its ability to strategically pivot in this challenging economic environment. As a diversified holdings company with operations in several high-performing market sectors, SING is well positioned to handle the remaining waves of 2020’s tumultuous economic landscape. Its strategy includes intensifying its successful 1606 Hemp retail rollout and establishing itself as a major player in the solar industry by increasing its footprint in the commercial sector and ramping up its newly created virtual selling process.

“We had a great quarter and a lot of that has come from pivoting to where we go virtual with our solar selling,” commented CEO Greg Lambrecht in a recent interview (http://ibn.fm/QZ3nJ). “We predicted that we’re going to do $10 million (in 2020), so to do a million in this epic time is a great indication that we’re going to get there so we’re really excited to report these sorts of revenues.”

Despite lockdowns constricting the economy, SING kept up the effort to continue meeting consumer demand for solar energy solutions by recently shifting to a virtual sales process for subsidiary Direct Solar. The move resulted in a massive success evidenced by an increase in sales in addition to doubling the company’s footprint to 25 states (http://ibn.fm/hGd7W), with further growth expected as demand for solar installations increases nationwide.

In addition to solar, SING provides expertise that fuels the growth of technology-driven businesses and emerging growth opportunities in consumer products. By typically acquiring a significant stake in a business unit, SING offers expertise in the company’s operation, development and management through its equity ownership.

SING’s 1606 Hemp brand is a prime example of the company’s leadership strategy in action, made possible by growing the company to a recognized brand with legions of new fans within months.

“The good news there is that we’re getting a lot more retail accounts to take our product, in addition to selling the product really well on our website. Our count to date is over 400 stores…and that’s just been in the last two months,” revealed Lambrecht during the interview. “We’ve really figured out and are focused on working with influencers. When we first started we had no more than a hundred people and now we have over 20,000. It’s amazing how that helps sales online. We’re getting good at that, and it’s really helping our brand.”

Unlike tobacco, 1606 Hemp cigarettes can be placed directly at the point of sale at the counter in a display box, showcasing the product as a cigarette alternative that contains nearly 20% CBD and less than 0.3% THC in each pre-roll. Made with high quality hemp and biodegradable filters, the product earned its name from when the first hemp plant was planted in North America. The company has brought a premium product to market using high quality hemp grown with organic practices and using biodegradable filters. “The great thing about hemp is that it can be sold on the counter,” said Lambrecht. “It’s going to be a game-changer because anything you put on the counter sells well. We’re looking to have a great year with this six-pack hemp box.”

With an increase of 190% in revenue from 2018 to 2019 (http://ibn.fm/cwK0n), SING continues to expand through internal growth of acquired companies and presents the opportunities for accelerated growth through acquisition.

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

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

SRAX Inc. (NASDAQ: SRAX) Long-Time Advocate of Consumer-Controlled Data, Provides Template for CCPA Compliance

  • Enforcement of country’s strictest privacy act, the California Consumer Privacy Act, begins July 1
  • SRAX leads way in offering consumers full control over their information.
  • Company’s proprietary BIGtoken platform allows people to own, earn from data while providing advertisers access to verified consumer data.

Beginning July 1 — only a few days away — enforcement of the California Consumer Privacy Act (“CCPA”) begins. Designed to give consumers more control over their personal information, the law was passed in California but impacts companies across the country. As many companies are scrambling to fall within the regulatory guidelines, SRAX Inc. (NASDAQ: SRAX), a digital marketing company focused on providing consumer data-management services, has long been an advocate of consumers having full control over their information and, in fact, provides compensation to consumers who choose to share their data.

The CCPA was passed in 2018 with additional amendments added as late as October 2019. “Considered to be the most comprehensive in the country, the California Consumer Privacy Act (CCPA) is set to take effect January 1, 2020, with enforcement beginning July 1, 2020. This expansive act is designed to give consumers more control over their personal information and will reach beyond California’s borders,” reported a “Forbes” article (http://ibn.fm/dsaT7).

“Even if your for-profit SMB isn’t located in the Golden State, you may still be on the hook to comply,” the article continued. “Do you do business or have customers (or potential customers) in California? If you answered yes to this question, and you meet one of the following criteria, your company must conform to CCPA regulations:

  • Your annual gross revenue is more than $25 million.
  • Your organization receives, shares, or sells personal information of more than 50,000 individuals.
  • Your company earns 50% or more of its annual revenue from selling personal information of consumers.”

Noting that many states are using California’s law as a template for their own, the article warns that “it’s just a matter of time before privacy regulations affect your business.”

SRAX, however, remains unaffected by these privacy laws because the company has long recognized and respected the need for consumers to control their personal information. In fact, while the company’s core business is providing consumer information for marketing purposes, SRAX has always given the control of that data to the consumer through its proprietary BIGtoken platform.

SRAX’s BIGtoken service offers powerful and unique benefits to both consumers and advertisers. The more than 16 million (and growing) BIGtoken users can choose what information they share and when it is shared; they are also rewarded with cash or gift cards when they opt in their data and each time that data is accessed.

Advertisers that buy BIGtoken information know that they are receiving quality information that has passed through multiple layers of verification for superior accuracy. In addition, they can rest assured that they are receiving information from fully informed and consenting consumers.

SRAX’s technology unlocks data for brands in the CPG, investor relations, luxury, and lifestyle verticals. Through its various platforms, SRAX is monetizing its data sets and growing multiple recurring revenue streams. In addition to BIGtoken, the company offers Sequire, a premier platform for investor intelligence and communication. Through Sequire, public companies can track their investors’ behaviors and trends and use those insights to engage current and potential investors across marketing channels.

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

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

PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Offers Effective, Innovative Alternative to Physical Auctions as Online Vehicle Trade Flourishes

  • To survive, car dealerships have quickly adapted to an online transaction model where the buyer has more control over the process, more options and transparent pricing
  • New model includes home deliveries of fully sanitized vehicles for test drives or completed orders
  • Online vehicle trading is expected to continue growing, as 49 percent of consumers are ready to buy online and as many as 1.3 million vehicles are expected to be sold annually as soon as 2035
  • PowerBand Solutions’ cloud-based platform is a reliable online alternative, offering users complete control over the purchasing process by taking transaction online, streamlining the interactions among all participants and eliminating unnecessary middlemen

COVID-19 has drastically changed the way people buy and sell cars and these changes are here to stay.

Numerous recent reports have shown that post-COVID-19, customers will still want to be able to talk to dealers online and have virtual walks around their car of choice. They will want to schedule test drives online and have a fully sanitized vehicle be brought to their homes for that purpose. If they decide to buy it, they will ask the car to be brought back to their homes for final delivery. Additionally, they already expect great rates and deals on their purchases. And in the post-COVID world, it looks like their expectations will be met. After all, dealerships want to remain on the market, according to a Detroit Free Press report (http://ibn.fm/yw07Q).

These benefits to customers are already starting to become reality thanks to the great efforts of companies like PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA). As customers aren’t overjoyed by the prospect of being physically present at dealership locations, PowerBand Solutions’ cloud-based platform has made it possible to buy, sell, lease and trade vehicles online, with never-seen-before simplicity, speed and cost-efficiency, irrespective of device or location.

The new normal of buying vehicle puts the buyer in control, with more options and transparent pricing. This is the future and dealers simply have to adapt or die, according to industry observers.

An early example mentioned in the Detroit Free Press Report is that of Carter Myers Automotive in Charlottesville, who has seen their online vehicle purchasing grow steadily since the beginning of the outbreak. Home deliveries of new vehicles have reached almost 25% of all of Carter Myers Automotive’s sales, up from less than 5% in mid-March.

But PowerBand takes this to an entirely new level, because it allows consumers to access a far wider market from their smart phones. Even during a pandemic, they can buy, sell, lease, or auction a car from any location.

The development is fully in line with a nationwide and global trend for online automotive transaction alternatives, amid growing demand for safe, technology-powered solutions and an enhanced customer experience. The coronavirus and technology have already made the car buying process more efficient. The driver doesn’t have to leave their home to purchase a car and there are almost never any negotiations because today, cars on lots are priced very affordably. Buyers can save an average of 20% on a vehicle (http://ibn.fm/H08eW).

According to the ‘Digital Commerce 360 Online Vehicle Shopper 2019’ survey, conducted among 1,089 buyers, 49% are willing to purchase a new vehicle entirely online (http://ibn.fm/bAaJ9). According to Frost & Sullivan, consumers may purchase as many as 1.3 million vehicles annually online as soon as 2035 (http://ibn.fm/My8oz). And nearly 90% of Americans report they dislike the car dealership experience, noting they feel anxious or uncomfortable in dealership settings.

PowerBand is positioned to capitalize on these trends by disrupting the antiquated business model of the automotive industry, replacing distrust and confusion with transparency, access to information and ease of use. Developed by a team of experienced automotive, technology and finance experts, PowerBand Solutions’ platform empowers the consumer to self-direct a transaction, by streamlining the interactions among all participants and eliminating unnecessary middlemen, all from a smart phone.

The company is currently rolling out its platform across the United States and to this end, it has partnered with Source Digital, a pioneer in immersive commerce through the use of digital media platforms and video content on the internet (http://ibn.fm/1WEff). This unique campaign will use Source’s patented technology to promote PowerBand’s platform inside popular video content with various channels and influencers in the U.S.

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

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

Singlepoint Inc.’s (SING) 1606 Original Hemp Cigarettes See Record Sales Rise

  • SinglePoint Inc. announced that its range of pre-rolled hemp cigarettes, 1606 Hemp Direct, saw revenues growth by 133% quarter-on-quarter
  • CBD-infused cigarettes target smokers looking for smoother alternative to tobacco, with CBD-infused product market set to reach $23.7 billion by 2023
  • 1606 Hemp Direct cigarettes currently sold by network of 400 retailers across 19 states, with the company seeking to expand its number of vendors in near future
  • SinglePoint forecast that its 1606 Hemp product could generate between $2.75 million – $5.5 million in annual revenues per 1,000 stores

As public opinion of nicotine cigarettes continues to sour with each increasingly health-conscious generation, consumers are seeking safer alternatives to smoking—and hemp cigarettes have taken center stage. SinglePoint (OTCQB: SING), a publicly traded company dedicated to acquiring businesses focused on emerging technologies, recently reported that its hemp cigarette brand 1606 Original Hemp had posted a remarkable 133% growth in sales this quarter relative to the previous one—a growth figure that points to the public’s increasing interest in the safer alternative (http://ibn.fm/J7Lfv).

The 1606 Original Hemp product range (http://ibn.fm/G0oG9), which consists of pre-rolled organically cultivated hemp cigarettes, was launched December 2019 at the MJBizCon Conference in Las Vegas (http://ibn.fm/BZzd3) targets a rapidly growing market of smokers looking for smoother alternatives to conventional tobacco products. Since then and within a few short months, the product has gained widespread popularity, with over 400 retailers across 19 states now marketing the brand.

SING’s hemp cigarette offering has been meticulously designed to be both nicotine and tobacco-free and is crafted from broad spectrum American grown, harvested and cured hemp flower. Moreover, with less than 0.3% THC and nearly 20% cannabinoid oil (CBD) content, the pre-rolled cigarettes have quickly consolidated a domineering position within the largely untapped yet rapidly growing smokable hemp market segment. In an insightful recent survey of 5,000 US-based CBD users carried out by the Brightfield Group, tobacco users were revealed to have increasingly turned to CBD products in an effort to quit smoking, with 24% opting to smoke hemp cigarettes as a replacement to cigarettes. Meanwhile, 41% of former smokers were found to have entirely replaced traditional smoking with hemp-derived CBD (http://ibn.fm/It4oF).

The use of industrial hemp products has gained particular prominence in recent years, with a June 2019 market research report by MarketsandMarkets projecting the sector to grow in size from $4.6 billion in 2019 to $26.6 billion by 2025, recording a compound annual growth rate of 34.0% during the period (http://ibn.fm/V01Qw). Meanwhile, a recent study showed that nearly 4 million Americans were choosing to consume non-psychoactive cannabinoid oil (CBD) infused products (http://ibn.fm/mZ8ya), with CBD-infused topical and supplement products now found across a range of mainstream retailers, including the likes of Abercrombie & Fitch and Kroger.

SinglePoint Inc. has chosen to distribute its pioneering product in a novel manner, opting to do so through a targeted direct-to-store (DSD) sales initiative rather than through a conventional distributor.  The initial phase of the DSD sales strategy has been largely centered on self-generated store acquisition, during which the company sought to contact a number of retail accounts—ranging from convenience stores to smoke shops scattered across the United States—in a bid to gain at least 250 retailers marketing their products. Within a few months, the company announced that they had already put in place a network of 400 stores across 19 states, surpassing their 250-store goal in a matter of weeks with a number of the new retail accounts reportedly placing reorders for 1606 Original Hemp product.

The growth in scale within SinglePoint’s distribution network has been increasingly apparently in recent weeks. In the last month alone, orders for 1606 Original Hemp have risen by 64% relative to the previous four weeks while average sale sizes have grown by 42%. However, the company’s management has recently revealed an ambitious plan to embark on a new growth phase focused around the acquisition of 2,500 new vendors while simultaneously seeking to increase and enhance the reorder rate from existing accounts.  In a statement, SinglePoint announced its anticipation of the 1606 Hemp product generating $2.75 million to $5.5 million in annual sales revenue per 1,000 active accounts (http://ibn.fm/apH9p). That figure could prove to be even more remarkable given that it could single-handedly enable SinglePoint to double its 2019 revenues of $3.34 million.

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

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

Vivos Therapeutics Inc. is “One to Watch”

  • Obstructive sleep apnea affects millions of people of all ages. It is estimated that OSA costs the US economy $165B annually. The Vivos technology represents the first non-surgical, non-invasive and cost-effective solution for the estimated hundreds of millions of people globally who suffer from OSA.
  • As dentists have hundreds of patients of all ages suffering from OSA, the Vivos System presents a multi-million dollar revenue opportunity for dental practices.
  • Vivos is helping address challenges throughout the world, reducing the overall cost of health care by focusing on a prevalent condition which is linked to many of the most expensive health care problems.
  • The Vivos System is thought to be the most significant breakthrough in OSA treatment since CPAP.
  • The system’s treatment time is a fraction of that of its alternatives—patients can find lasting relief in a matter of months, eliminating the need for surgery or a lifetime of therapy.
  • Vivos® Integrated Practices are supported by a network of clinical, practice and market advisors who provide guidance, collaboration, various capacities of coaching, and market intelligence in support of growth and distribution.

Headquartered in Denver, Colorado, Vivos Therapeutics Inc. is an emerging global leader in the treatment of obstructive sleep apnea (OSA), a debilitating condition affecting nearly 1 billion people worldwide. The company utilizes proprietary, ground-breaking technology, a proven go-to-market strategy, and a powerful executive team dedicated to changing the face of health care by helping people of all ages properly breathe and sleep.

At the core of Vivos’ mission to eradicate OSA is the Vivos System®, a revolutionary clinical breakthrough in the treatment of sleep apnea caused by craniofacial anatomy development. The Vivos System® multidisciplinary treatment protocol involves collaboration between physicians, specially-trained dentists who have completed advanced training in craniofacial sleep medicine, and other ancillary health care providers.

In support of its growth strategy, Vivos has established FDA-approved and registered manufacturing facilities in the U.S., Canada and Asia.

Market & Technology Overview

Craniofacial developmental deficiencies, such as underdeveloped upper and lower jaws, are the leading cause of OSA. According to a 2019 analysis from researchers at the University of California, San Diego, an estimated 81 million adults in North and South America suffer from moderate to severe OSA. The United States has the highest amount of these patients, with approximately 54 million adults affected, according to the report.

Registered with the FDA as a Specification Developer, Vivos develops and markets a number of oral appliances. Its technology represents the first non-surgical, non-invasive and cost-effective solution for the estimated hundreds of millions of people globally who suffer from OSA.

Vivos integrates its specially designed, customized appliances into a patient-specific, multi-disciplinary clinical protocol, giving trained dental and medical providers the tools and roadmap needed to address certain craniofacial conditions that have proven to be associated with sleep-disordered breathing—including OSA.

The system’s treatment protocol involves collaboration between physicians, specially trained dentists who have received advanced training in craniofacial sleep medicine, and additional health care providers. Vivos-trained clinicians can be found in almost every major city in the U.S. and in many countries throughout the world. The company’s oral appliances have shown to be effective in over 15,000 patients successfully treated worldwide by approximately 1,350 trained dentists.

A New Paradigm in Sleep Medicine

Vivos’ proprietary system poses the potential to be the biggest breakthrough in OSA treatment since CPAP.

Designed to promote correct growth and development of the hard and soft tissues surrounding and compromising the oral cavity, nasal cavity, upper and lower jaws, and other tissues which comprise and shape the human airway. The system uses Pneumopedics®, the natural process induced by Vivos biomimetic technology to widen and expand the patient’s airway, allowing for proper breathing through the nose, effectively addressing the root cause of OSA.

This patented technology offers benefits over CPAP and other oral appliances in its ability to achieve results relatively quickly—in about 18 to 24 months or less—at a lower cost, and without the need for lifetime intervention in most patients. It is believed to be the first effective, non-surgical, non-invasive and potentially long-lasting solution to eradicating OSA.

Strategic Partnership

A cooperative agreement with Benco Dental, the largest family-owned dental distributor in the United States, broadens the reach of the Vivo System. This partnership ensures that all dentists in the United States have access to Vivo’s patented system, on par with Vivo’s vision to provide clinicians with the tools to provide the best alternative solution to treat OSA and well-aligned with Benco’s commitment to evolve the dentistry industry by empowering clinicians with innovative treatment options.

Leadership

  1. Kirk Huntsman – CEO, Director
    With experience in strategic development, technology acquisition and product planning, key talent recruitment, and target market prioritization, Huntsman brings a broad vision paired with leadership and strategic planning skills. He has significant start-up experience in a diverse range of market sectors, including medical devices, dental management, dental practice valuations and transitions, multi-location retail, financial and capital formation, consulting, outsourced services, imports and exports (China), medical services, and software and technology.

Dr. Dave Singh – Founder, Director
A doctor three times over in dental medicine, craniofacial development, and orthodontics, Dr. Singh was educated primarily in England and has lectured in North America, Europe, Asia, and Africa. The Global Summits Institute recently named Dr. Singh as one of the Top 100 Doctors in Dentistry.

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

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

SRAX Inc.’s (NASDAQ: SRAX) BIGtoken Platform Integral in Shift Towards Data-Driven Marketing

  • SRAX’s BIGtoken platform gains relevance on heels of renewed focus on data-driven marketing
  • BIGtoken recently launched various new initiatives, including use of sponsored surveys, Lightning Insights, sponsored actions and more
  • Kraft’s recent BIGtoken-powered marketing campaign enjoyed 6.6% return on ad spend, far outpacing competing advertising campaigns launched by rivals
  • The Publicis Groupe published its second study using BIGtoken’s Lightning Insights tool, highlighting platform’s quick, efficient ability to generate customer insights

In late 2014, UK cell provider Three introduced its award-winning ‘Holiday Spam’ campaign, promoting the mobile company’s roaming data offering which enabled customers to use their phones abroad at no extra cost (http://ibn.fm/6nIhv). The ad campaign featured people ‘spamming’ their friends with their holiday snaps, a concept which resulted from the company’s costly and painstaking investigation into people’s behavior while on vacation – a form of research which SRAX Inc.’s (NASDAQ: SRAX) proprietary BIGtoken platform has now appropriated into an efficient and accessible service offering. The rise of data-driven marketing and the ability to personalize and launch targeted ad campaigns has become critical in improving ad content quality and driving customer engagement. Moreover, it has also grown in significance as a result of a renewed focus by cost-conscious marketers in to their return on ad spends (ROAS). With the use of SRAX’s BIGtoken offering, companies are now able to tap into the platform’s 16.7 million subscribers in an instantaneous fashion – deriving invaluable and oftentimes otherwise inaccessible customer insights and feedback quickly and efficiently.

The BIGtoken platform was initially conceptualized as a means of enabling customers to monetize their data by marketing its access to interested counterparties. Advertisers were able to receive high-quality, targeted data while users were able to control what data was sold to whom, gaining compensation in return. However, the current reach and abilities of the platform far exceed its original intentions. Over the past two quarters, SRAX has launched a number of new initiatives within its proprietary offering, including the dissemination of sponsored surveys, Lightning Insights, insights-driven media as well as sponsored actions – all of which have contributed to the platform’s dramatic increase in monetization in recent months.

Leading up to the 2019 holiday season, global food & beverage giant Kraft Heinz Co. approached SRAX for assistance with its newest marketing campaign, one which would be tailored towards women located in a certain area and professing specific interests. Through the use of over 100 proprietary data points, SRAX’s BIGtoken platform was able to formulate a target audience for Kraft’s campaign which met the company’s desired criteria. The campaign was a notable success, resulting in a 6.6% ROAS for Kraft (http://ibn.fm/M6bc2). Kraft’s marketing campaign success was even more remarkable given that it was run concurrently with two other advertising initiatives, led by Walmart and Evite respectively, both of which failed to produce positive returns. Within an extremely competitive consumer packaged goods (CPG) industry, BIGtoken’s insights were instrumental in contributing to the marketing campaign’s success and driving new consumer activations.

“BIGtoken has evolved from a consumer opt-in data platform for advertising activation to a full-service marketing stack,” said co-founder of BIGtoken Kristoffer Nelson. (http://ibn.fm/cneW5). “Beginning with audience insights, marketers can discover profound insights about their target audience to activate against. From here, new insights and learnings are applied inflight to improve performance. And once the campaign concludes, locations and sales measurements are applied to further learn, optimize and iterate.”

However, BIGtoken’s abilities have not been limited to determining target audiences. During the COVID-19 outbreak, marketers and data analysts found themselves blindsided, unable to gain insights into their end consumers’ rapidly changing behavior as a significant proportion of their conventional tools were rendered largely useless by nation-wide ‘shelter at home’ orders.

Publicis Groupe, one of the world’s largest advertising firms, seized the opportunity to carry out a unique study utilizing BIGtoken’s Lightning Insights service, examining consumption patterns and customer behavior surrounding the Mother’s Day celebrations in May (http://ibn.fm/b3uRP). The study found that 84% of respondents had celebrated Mother’s Day 2020 in some way, with over 68% of respondents sending gifts, gift cars, or food to their loved ones – the majority of whom chose to do so through online means.

Marketers are increasingly able to use BIGtoken to gain rapid and insightful feedback into their target consumer group’s consumption habits, their planned purchases as well as their preferred acquisition methods. With global consumer brands increasingly on the lookout for newer and more creative ways to interact with their potential consumers (http://ibn.fm/6y2Vx), SRAX’s BIGtoken platform and the valuable insights generated by its captive subscriber base could find itself in greater demand than ever anticipated.

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

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

PowerBand Solutions Inc.’s (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Platform Meets Used-Car Buyers’ Demands for Enhanced Tech, Experience

  • The used-car segment is twice as big as the new-car market, and digitally savvy consumers are looking for a faster, more transparent purchasing process
  • Used-car buyers tend to research a new purchase online and rely less on in-person salespeople
  • PowerBand Solutions’ cloud-based platform is a reliable online alternative to the dealership experience, offering users complete control over the purchasing process by streamlining the interactions among all participants and eliminating unnecessary middlemen

The automotive industry market has been in a state of flux, with every aspect experiencing disruption from driverless vehicles to artificial intelligence. Customer expectations for the market have been raised as technological innovation advances. Digitally savvy customers, who have come to expect personalized, flexible and seamless interactions during the purchase experience, are already changing how automobiles are bought and sold – especially when it comes to used vehicles. Platforms like PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) meet this growing demand for flexible and seamless interaction, enabling users to buy or sell cars with never-seen-before ease and efficiency.

According to McKinsey & Company research, the digital revolution is disrupting used-car retailing by focusing not only on technology but also on the importance of the customer experience. Online car providers are already empowering digitally-savvy customers in this respect, offering a range of complete services that enhance the purchasing experience (http://ibn.fm/dGhVf).

More specifically, online providers offer extensive vehicle data and effective search tools to find the right car (desired by 64 percent of buyers), complete end-to-end purchasing capabilities (desired by 59 percent of buyers), and unique delivery options (desired by 28 percent of online buyers).

According to the McKinsey research, titled ‘Used cars, new platforms: Accelerating sales in a digitally disrupted market’, used-car buyers spend about 40 percent more time researching online during the buying process than new-car buyers. Part of the reason for this might be that only 8 percent of used-car buyers rely solely on in-person salespeople when purchasing a vehicle; the rest make decisions based on their own prior research. Used-car buyers expect a faster, more transparent, and more convenient process. Introducing digital tools to simplify and shorten the process will improve customer satisfaction and insurance penetration rates.

As more used-car customers expect the same seamless digital service they receive throughout other retail markets, used-car retailers will adapt to remain competitive and protect profits, as well as finance and insurance margins. To do so, retailers must find opportunities to leverage the digital-oriented nature of used-car buyers and their desire for advanced technology. Adapting to the new demands will be beneficial to car traders and dealerships, as the used-car market is growing exponentially in the United States and is already twice the size of the new-car segment. According to McKinsey, Americans buy 39.4 million used cars each year, compared to 17.3 million (data from 2018), and the trend is likely to continue over the next five years.

The results of the McKinsey research confirm the trend of a rising demand for online vehicle trading alternatives. According to the ‘Digital Commerce 360 Online Vehicle Shopper 2019’ survey, conducted among 1,089 buyers, 49% are willing to purchase a new vehicle entirely online (http://ibn.fm/ETcN4). According to Frost & Sullivan, consumers may purchase as many as 1.3 million vehicles annually online as soon as 2035 (http://ibn.fm/xtLMq), and nearly 90% of Americans report they dislike the car dealership experience, noting they feel anxious or uncomfortable in dealership settings.

PowerBand is positioned to capitalize on these trends by disrupting the antiquated business model of the automotive industry, replacing distrust and confusion with transparency, access to information and ease of use. Developed by a team of experienced automotive, technology and finance experts, PowerBand Solutions’ platform empowers the consumer to self-direct a transaction, by streamlining the interactions among all participants and eliminating unnecessary middlemen. The platform allows consumers to sell, buy, lease, auction and finance vehicles with never-seen-before simplicity, speed and cost-efficiency from their smart phones or other devices, irrespective of their location.

The company is currently rolling out its platform in the United States and to this end, it has partnered with Source Digital, a pioneer in immersive commerce through the use of digital media platforms and video content on the internet (http://ibn.fm/zt4Na). This unique campaign will use Source’s patented technology to promote PowerBand’s platform inside popular video content with various channels and influencers in the U.S.

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

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

Trxade Group Inc.’s (NASDAQ: MEDS) Pharmaceutical Marketplace Continues Profitable Expansion

  • Revenues for Q1 2020 up 46% year over year
  • Gross profit of 75% shows viability of business model
  • Close to 12,000 independent pharmacies now using online marketplace

Stellar results recently reported by Trxade Group Inc. (NASDAQ: MEDS) are an indication that, increasingly, independent pharmacies, drug distributors and manufacturers are turning to the company’s web-based purchasing platform. At $2.2 million, revenues for Q1 2020 were up 46% year over year, with gross profit coming in at an extraordinary 74.4%. Now that more than 11,900 pharmacies are using the marketplace, Trxade seems set to fulfil its mission of signing most of the nation’s 24,000 independent pharmacies. If so, the company’s combined annual purchasing power of over $92 billion would make Trxade the nation’s premier marketplace for America’s vital pharmaceutical supplies.

Both for patients and pharmacists, the pharmaceutical marketplace that Trxade provides is a welcome adjunct to the healthcare sector. The online platform not only identifies the best available prices for prescription drugs, a constant concern of patients, but helps pharmacists avoid negative reimbursement costs, which reduce their profit margins. The fact that close to half of the nation’s independent pharmacies are already using the Trxade marketplace appears to be proof that the company is offering a superior solution to reduction of margins due to Prescription Benefit Managers (PBMs) via cost containment and better pharmaceutical accessibility.

Once unknown in the healthcare financing landscape, PBMs now dominate the U.S. health sector. Many PBMs have revenues that exceed those of the top pharmaceutical manufacturers. For example, Express Scripts reported revenue of $100 billion in 2017, about twice as much as Pfizer, which is the largest pharmaceutical company in the world. Incredible as it may seem, the distribution of pharmaceuticals is a much more lucrative business than the manufacture of pharmaceuticals. Indeed, distribution margins also exceed those earned by pharmacies at the retail level.

This isn’t the way it was supposed to work. The introduction of PBMs, third-party administrators of prescription drug programs, was intended, among other things, to reduce the purchase costs of drugs by consolidating their buying power. However, instead of driving costs down, PBMs appear to be doing the opposite. Over the past decade, independent pharmacies have experienced declining margins, due mostly to rising fees from these very same PBMs.

Now, however, Trxade is giving pharmacies a real opportunity to actually reduce purchase costs, along with other benefits. The integrated pharmaceutical services company provides its web-based purchasing platform for transactions between independent pharmacies and drug distributors. Known as the Trxade Exchange, the platform provides small pharmacies with access to the wider pharmaceutical distribution network, allowing them to search for and view products from manufacturers, buying groups and wholesalers on a real-time, continuous basis. In addition, through the Trxade E-Hub software, users of the Trxade Exchange become members of a network of associated pharmacies, as well as gain access to warehousing and drug-delivery services.

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

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

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