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SinglePoint Inc. (SING) to Display 100% American Hemp Cigarette, Direct Solar of America Division Announces Hemp Distribution Centers

  • SinglePoint Inc. is expected to promote 100 percent American hemp cigarettes at the National Association of Convenience Stores Exhibition
  • SING subsidiary Direct Solar of America recently detailed operations relating to a hemp distribution center
  • SING’s CEO forecasts revenues of more than $10 million for its solar division in 2020

SinglePoint Inc. (OTCQB: SING) will be showcasing a 100 percent American-grown hemp cigarette, its latest product by Pure, at booth 5653 of the National Association of Convenience Stores (NACS) Exhibition. Products at this exhibition, which is attended by more than 23,000 participants, gain industry exposure by being displayed to major chain stores.

NACS is one of the largest and most-respected platforms for participants to grow their market base. “I am very excited to be back at NACS,” SinglePoint CEO Greg Lambrecht stated in a news release (http://ibn.fm/gjihj). “In ‘96, I was distributing cigars at this show and that ended up growing to 30,000 accounts stemming from this show.”

Although smokable hemp flowers currently represent only two percent of the cannabis market, as per statistics from Brightfield Group, a Chicago-based cannabis market research firm, smokable hemp is one of the fastest-growing segments of the CBD-hemp market. This projected growth prospect could prove profitable for companies such as SinglePoint operating in the ancillary cannabis sector. The company is also looking at white-labeling opportunities through marketing of American hemp cigarettes.

As a part of its expansion efforts to tap into the hemp market, as well as a way to synergize its various revenue earners, SinglePoint recently announced a new venture by its standout subsidiary, Direct Solar of America. Direct Solar is involved in a pioneer hemp-distribution center along with the GSX International Group and other corporations. The subsidiary will not only provide energy resources to the production and distribution centers; it will also supply energy to farmers in the co-op (http://ibn.fm/bHJIQ). The burgeoning hemp market is projected to grow from $4.6 billion in 2019 to $26.6 billion by 2025 (http://ibn.fm/QraXI).

Being involved with an organization that is working to combine the resources of small hemp farmers and establish centralized processing and distributions centers looks to be a smart move for Direct Solar and SinglePoint, which stand to benefit from the collaboration. The overall profit potential is significant, given solar tax incentives and opportunity zone exemptions.

“Our services will offer an extremely unique value add that cannot be easily replicated,” Lambrecht added. “This will create a natural barrier to entry for other competitors in the future, thus giving us a long-term competitive advantage. Additionally, the solution will provide almost instant stability to the hemp market while generating substantial profits.”

In an interview on the RedChip Money Report, Lambrecht noted that SING could realize a revenue curve rate from Direct Solar of America of $6 million to $7 million in 2019 and $10 million to $12 million in 2020. Lambrecht said that the estimated numbers were based on the installation of larger commercial solar panels by the company, the role of government state subsidies and commercial financing support (http://ibn.fm/6gkTG).

SinglePoint operates across various industry multiples and holds a diverse portfolio of undervalued subsidiaries with multiple revenue streams. The company’s visionary leadership team has led SING to explore and venture into the high-performing cannabis market.

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

IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Completes Strategic Acquisitions, Reports Record Revenues

  • The company’s second quarter 2019 financial results included a $5.9 million revenue milestone
  • IONIC Brands has tapped into Nevada’s cannabis market with its acquisition of Vegas Valley Growers North, adding production facilities, four state licenses and a popular vape brand to its portfolio
  • Retail consumer appeal is propelling concentrates toward a forecast $8 billion in retail sales by 2022, outpacing growth in traditional flower sales

National cannabis holding company IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3), formerly Zara Resources Inc., capped off the first half of 2019 with record financial results, achieving a milestone of $5.9 million in revenue, as the company reported in its last release (http://ibn.fm/tVjKi). IONIC also completed a concurrent brokered and non-brokered debenture unit offering, raising gross proceeds of approximately C$20 million, per a news release.

“We are very pleased with our second quarter financial results, achieving our focus of increasing sales growth while closing a successful financing for various strategic business acquisitions all in a span of three months,” John Gorst, chairman and CEO of IONIC Brands, stated in a news release.

IONIC’s product line includes six cannabis oil formulas labeled IONIC Black, Black 50/50, IONIC White, White 50/50, Cask Oil and IONIC Pure, each of which now provides three distinctive mood offerings formulated for curated and consistent recreational use experiences, including SOCIAL (Hybrid), RELAX (Indica) and FOCUS (Sativa). The mood enhancements serve the purposes that their names suggest, promoting rich sociability, serene relaxation and enlightened creativity (http://ibn.fm/lqDTM).

Several transformational acquisitions were recently completed, adding to IONIC’s multistate portfolio of award-winning cannabis brands, Gorst added. The purchase of Vegas Valley Growers North (“VVG”), a Las Vegas-based, state-licensed cultivation and manufacturing firm for medical and recreational cannabis, brings to IONIC a vertically-integrated, cash-flow positive opportunity for additional projected 2019 revenue of $6.6 million, as well as expected gross profits of $3.1 million and EBITDA of $2 million, the company stated in a news release (http://ibn.fm/3YRkP).

The acquisition of Washington-based Natural Extractions Inc. (d/b/a Zoots Premium Cannabis Infused Edibles) expands IONIC’s market segments to the popular edibles space and expands the company’s distribution network throughout the U.S. (http://ibn.fm/2BVWh). IONIC is also entering the infused beverage market by securing U.S. patents issued to Canna Café that are related to cannabinoid-infused coffee and CBD-infused coffee in a Keurig(R) K-Cup(R) Pod, opening up an estimated $4.5 billion market opportunity.

“Securing these patents is a great foundation for IONIC Brands to enter into the cannabis-infused beverage industry and is complementary to our current premium luxury cannabinoid products,” Gorst stated in a news release (http://ibn.fm/cVIGV). “We also see substantial development potential of new revenue streams through licensing infused coffee and tea brand partnerships.”

With a focus on quality, responsibility and respectability, IONIC’s product lines are pioneering the changing landscape of cannabis consumption. In 2018, IONIC was voted one of the ‘Top 50 Companies to Work for in Cannabis’ by MG Magazine, a publication serving cannabis industry professionals.

For more information, visit the company’s website at www.IONIC.social

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

HTC Extraction Systems (TSX.V: HTC) Reports Increasing Revenues as it Builds CBD FSO Distillate Operation

  • HTC Extraction Systems recently reported unaudited interim condensed consolidated financial results that showed revenue gains of nearly $1.3 million for the first six months of the year
  • The company is building an operation that it expects, upon receipt of all required approvals and licensing, to process five million kilograms of hemp biomass from this year’s crop to extract cannabidiol full-spectrum oil distillate
  • HTC is in the process of seating a six-acre campus with a 19,000-square-foot extraction facility near Regina, Saskatchewan, and it recently reported, subject to closing, an influx of some $15 million in gross proceeds from a common share bought deal

HTC Extraction Systems (TSX.V: HTC) recorded an increase in same-period year-over-year revenues from operations during the first six months of 2019, rising from $560,260 to $1.85 million, according to unaudited interim condensed consolidated financial results announced recently (http://ibn.fm/IsnSu).

HTC and its subsidiaries are dedicated to developing their proprietary extraction and purification systems for removing cannabidiol full-spectrum oil (CBD FSO) distillate from acquired hemp biomass and making the remaining hemp byproducts, including other cannabinoids, available for singulation and sale to the cannabinoid pharmaceutical market.

Toward that end, HTC recently completed a tolling agreement through which it expects, subject to receipt of all required approvals and licensing, to process five million kilograms of hemp biomass obtained from this year’s crops in Saskatchewan using five varieties of Health Canada-approved cultivars as the genetic foundation. HTC is completing a new extraction, purification, distillation and refining facility that will house its proprietary extraction and purification system while also pursuing the necessary government licenses for this strategy.

As a tolling fee for the service provided and the system utilized, HTC will receive a percentage of the extracted CBD FSO distillate. The company is also engaged in preliminary due diligence, as it searches for attractive hemp biomass tolling contracts in the United States, for the 2020 hemp crop growing year.

HTC’s CO2 extraction operations, utilizing the company’s proprietary technology, contributed significantly to the six-month revenue increase. The hemp biomass division was still pre-revenue, as of the close of the period on June 30, but HTC has for years worked to perfect the distillation and purification of ethanol and hydrocarbon-based solvents used for extraction.

HTC has focused its Canadian operations at Port Lajord, Saskatchewan, about 17 miles southeast of the capital, Regina. The company is building a 19,000-square-foot facility for extraction tolling on six acres of land there.

The company recently announced that, subject to completion of due diligence, a group of underwriters has agreed to purchase a minimum of 15 million units of combined common shares, including warrants to purchase further common shares, amounting to new cash flow with a total of C$15 million in aggregate gross proceeds as a result (http://ibn.fm/rKeLr).

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

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

SRAX Inc. (NASDAQ: SRAX) Partners with Consumer Packaged Goods (CPG) Brands, Unveils BIG Rewards

  • SRAX has developed an exclusive consumer-managed data marketplace
  • The company offers its proprietary BIGtoken platform
  • SRAX has entered into new partnerships to launch BIGtoken’s BIG Rewards(TM)

SRAX Inc. (NASDAQ: SRAX) is a digital-marketing and data management technology company based in Los Angeles, California. The company provides marketers, content owners and consumers with tools to unlock the value of data. Its technology unlocks this data to reveal brands’ core consumers and their characteristics across marketing channels, enabling businesses to better reach their customer bases. Additionally, through its BIGtoken platform, SRAX has developed a consumer-managed data marketplace where consumers can own their own data and get paid for the release of that data. Via BIGtoken, consumers earn rewards when they opt into sharing their data and when that data is purchased.

Fundamentally, SRAX is focusing on privacy and data ownership – an invaluable approach in this age of Facebook, Twitter, Snapchat, LinkedIn and the like – along with concerns over the protection of personal data. The company’s vision is to build the most valuable opted-in consumer dataset worldwide. Today’s contemporary consumers expect to keep data private but also receive compensation for releasing data once they decide to do so. This critical need has created a demand for companies like SRAX, fluent in navigating the legal and ethical complications involved in data privacy. Ibotta, another company whose platform ‘doles out rewards’ to consumers in exchange for data and in-app purchases, recently secured funding at a $1 billion valuation (http://ibn.fm/TQM91).

With SRAX’s BIGtoken platform, consumers have control over what data is shared, who can purchase it and how it’s used. Consumers are rewarded when they initially share their data and then each time that data is accessed. In addition, they can engage with their community by making friends and joining teams (http://ibn.fm/7Pxht).

Once consumers grant consent to allow businesses access to their data, BIGtoken sells that access in the form of anonymized segments; the platform can also remove access at any time. Once consent is granted, a mutually beneficial relationship is formed between SRAX and its customers. BIGtoken offers high-quality data that enables advertisers, for a premium, to have access to consumer-verified information for their campaigns. Moreover, consumers who sell access to their digital data receive compensation in the form of points, which they can redeem for cash or gift cards.

SRAX is growing numerous recurring revenue streams through its different platforms. Along with its BIGtoken platform, the company also offers its SRAX Platform, SRAX Social, SRAX IR, SRAX Auto, SRAX Fan and SRAX Shopper. SRAX is building technology that is creating proprietary data, in turn fostering long-term, recurring revenue.

The company continues to expand on its existing platforms and initiate new partnerships. Currently, SRAX has partnered with major Consumer Packaged Goods (CPG) brands to launch a new BIGtoken feature called BIG Rewards (http://ibn.fm/6DPCA). BIG Rewards enables marketers to engage BIGtoken’s almost 16 million users to participate in brand research and exclusive offers. Via BIG Rewards, BIGtoken users in the United States can earn bonus points for participating in exclusive promotions with specific brands and retailers, as well as for taking part in brand research. BIG Rewards provides users with the opportunity to benefit from discounts on their everyday purchases and enables users to receive payment instantly on those earnings.

“This commercial expansion will be extremely valuable in the shopper marketing space especially as data regulation continues to grow,” George Stella, vice president of SRAX Shopper, the company’s shopper marketing vertical, stated in a news release. “Increased data regulation will make it challenging for media partners to activate against the current state of data. BIG Rewards allows brands to position themselves as advocates for their customers’ privacy. It also enables the brands to create future-proof insights while driving verified purchases of products at their retail locations.”

SRAX continues to focus on tools that deliver a digitally competitive advantage for brands in the CPG, automotive, investor relations luxury, and lifestyle verticals. Notably, the company plans to expand into the European Union and to offer its proprietary BIGtoken platform in multiple languages. With the optimization and monetization of data becoming a multibillion-dollar business, SRAX is positioned to capitalize on this significant opportunity.

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

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Built Strategically from Day One

  • The company delivers premium, certified organic cannabis to Canada and international markets
  • TGOD intends to explore strategic international markets with exclusive licensing deals and partnerships
  • The company has set its sights on the beverage industry as it continues to look forward

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), a premium, global organic cannabis firm, is creating a sustainable and successful company through its careful planning and strategic growth strategy implementation. The company is focused on the medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as the Canadian adult-use market.

TGOD’s strategic approach is unique, combining a focus on growing organic products and implementing logistical and infrastructure controls not often seen with industry competitors. This results in a premium crop. The company has also partnered with the world’s second-largest power management company, Eaton, and Canada’s second-largest construction management company, Ledcor, to ensure ultimate use of space and power. One of only three certified organically grown cannabis companies in Canada, TGOD is committed to maintaining a competitive edge at home and abroad.

TGOD’s vision is to become the global leader in delivering premium organic cannabis solutions that enhance its customers’ lives. The company’s product and process of growth are certified organic by the industry’s leading certification bodies, Ecocert and ProCert. TGOD is producing high-quality cannabis in living soil with established organic growing techniques and leading-edge intellectual property. Its living soil is free of pesticides, herbicides and synthetic nutrients, and products grown in this medium command a premium price.

TGOD’s focus on quality control and production efficiency have enabled it to enjoy healthy profit margins, and the company is acting on its mission to become a household name in the global cannabis community. To become a global leader, TGOD consistently explores strategic international opportunities. The company has already secured exclusive licensing deals in Canada and select international markets. Through a partnership with Epican, a vertically integrated Jamaican cannabis company in which TGOD has acquired a 49.18 percent interest, TGOD provides a platform to export its branded, premium Jamaican-grown cannabis products to select international jurisdictions for medical purposes. A joint venture with Denmark’s Queen Genetics/Knud Jepsen aims to develop and patent innovative and commercially valuable, elite cannabis genetics. The combined run rate of the Canadian-located Hamilton and Valleyfield facilities, along with the Jamaican domestic expansion and Denmark pilot, ramp up TGOD’s production to 219,000 kg, and the company hasn’t stopped there.

HemPoland, a fully owned subsidiary of TGOD, is providing a strategic cannabis gateway to the 750 million people in Europe, while a joint venture with LLACA provides access to 7,600 potential retail locations in Mexico and its 640 million residents.

Every element of The Green Organic Dutchman – from the ground up – has been planned carefully, deliberately and strategically. TGOD is ideally located in Ontario and Quebec to reduce shipping distance and provide higher customer satisfaction with lower operating expenses in Canada. The two provinces represent almost two-thirds of the Canadian population, allowing TGOD to simplify logistics. The provinces also border six U.S. states, allowing the company to capitalize on an estimated 57 million potential recreational cannabis tourists. TGOD provides coast-to-coast distribution in Canada through Velvet Management Inc., a well-known distribution company, established in 1968, that manages the largest wine sales force in the country.

By leveraging innovative tech and low-cost power solutions, the company is positioned to be one of the highest-quality and lowest-cost producers in Canada. This is in large part due to strategic partnerships with Eaton, Ledcor Group and Hamilton Utilities Corp. These partnerships allow TGOD to build the most advanced hybrid facilities in Canada capable of producing cannabis at some of the lowest costs today.

Grown organically and at low costs, the final product demands a premium price in the marketplace, increasing TGOD’s margins.

As the company continues to look to the future, it has set its sights on the beverage industry. A 40,000-square-foot Innovation Campus is in the planning stages and will focus on developing consumer-preferred products across a wide range of categories and occasions. The company wants to explore high-quality organic edibles and beverages, a plan that provides TGOD with a strategic path into the large-scale beverage, beverage alcohol and cannabis edibles markets.

For more information, visit the company’s website at www.TGOD.ca

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

Xalles Holdings Inc. (XALL) is “One to Watch”

  • Frost & Sullivan projects that B2B e-commerce will hit $12 trillion in sales worldwide by 2020, up from $5.5 trillion in 2012.
  • 75% of respondents to the new Global Payments Insight Study, by ACI Worldwide and Ovum, believe consumers want a broader choice of payment tools, prompting firms to consider investment in this area as an influx of new competitors leads larger financial institutions to fear for their market positions.
  • Xalles Holdings reported its Q2 2019 results, showing its 5th consecutive revenue producing quarter.
  • The company expects to attain ongoing profitability in 2020 through revenue growth and continued vigilant expense management techniques.

Xalles Holdings Inc. (OTC: XALL) is a fintech holding company leveraging blockchain and other technologies for e-commerce, payments, financial reconciliation, and payment auditing solutions. The company actively seeks acquisition targets with strong management teams and business models, large total attainable markets, and lucrative exit opportunities in which to invest and accelerate growth.

Operations

The common element to all acquired entities and projects is a business model that involves setting up a payment or financial transaction “toll gate,” thereby creating a recurring revenue stream.

Xalles’ business plan focuses on consumer, business and government-oriented payment and financial reconciliation transactions. Combining the blockchain decentralized financial ledger platform with the company’s existing X2X transaction reconciliation system design, Xalles is building technology that supports payment audits, exchanges, and new business models and opportunities worldwide. Xalles will launch new services card and mobile payment and rewards systems, and it will expand the technology offerings for referral marketing and e-commerce engines.

Subsidiaries

All current subsidiaries are wholly owned

  • Xalles Holdings – Raise capital for fintech accelerator program acquisitions, provide management, administrative, finance and marketing support to all subsidiary companies
  • Xalles Capital – Management support of investment consortiums, direct investment into funds or projects, and management of investments
  • Xalles Limited – Design and market new X2X solutions; acquire U.S Government transportation post-payment audit business through GSA schedule and expand to non-transportation payment auditing
  • Xalles Technology – Technical development of the X2X blockchain systems
  • Xalles Financial Services – Consumer and small business financial service offerings
  • Co-Owners Rewards – Stock-based rewards system for payments cards and financial services
  • Amazing Living Enterprises – Affiliate program and e-commerce platform for enhancing financial lives
  • Global Savings Network – Not-for-profit fundraising system with consumer discounts at local merchants

X2X Solutions

Xalles provides payment and financial transaction management solutions through the company’s proprietary blockchain-based X2X technology. The X2X solution includes the Investment and Financing System (IFS), which supports complex investment structures, assists international investment consortia, and provides links to Xalles’ Financial Transaction Reconciliation (FTR) solution. FTR supports complex financial ecosystems, making it easier for parties to exchange products, services, grants and government incentives, and assists “Exchange Managers” with liquidity and auditability. X2X also supports the Xalles pre- and post-payment auditing services.

Advancements in 2019

  • Co-Owners Rewards subsidiary is working to launch a general purpose reloadable prepaid payment card with a stock rewards program.
  • Previously announced LYC Mortgage acquisition will create a structure that will dramatically increase revenues in 2020 with new mortgage business portfolios.
  • Xalles Financial Services expects to launch the Cryptocurrency Trading Engine and acquire multiple cryptocurrency asset portfolios to drive increases in value through the trading engine.

“The structure and growth plan for the company contains a balance of diversity and synergy so that we can effectively use limited resources to obtain the best results. We will see the culmination of the fundraising efforts, acquisitions and organic growth in the second half of 2019 put us on the path to tremendous growth in 2020,” Xalles CEO Thomas Nash stated in a news release (http://ibn.fm/UoPUp).

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

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

Tech Solutions Like Those from Trxade Group Inc. (TRXD) Can Help Independent Pharmacies Thrive in the Future

  • While independent pharmacies are currently struggling due to market consolidation, there are revenue generation opportunities to be seized
  • Technological solutions can give independent pharmacies more information about their customer profiles, enabling personalized campaigns
  • Trxade Group has made it possible for small pharmacies to seek the most affordable drug sources and to also collect valuable data to optimize their performance

Competition continues to be a major challenge for small and independent pharmacies to overcome. As mass merchants try to consolidate with smaller industry representatives in an attempt to dominate the market, many of the independent pharmacies could perish, as a pharmacy outlook report suggests (http://ibn.fm/bVGHZ).

Independent pharmacies, however, can also benefit from massive growth opportunities in the years to come. When looking for such opportunities, potential clients are predominantly interested in proximity. Independent pharmacies are found within the community, and they’ve been known to provide a better, much more personalized service than some of the larger, national chains.

The pharmaceutical industry is anticipated to grow at an annualized rate of 5.7 percent through 2022. At this pace, the market will reach $393.1 billion by the end year of the forecast period, creating excellent opportunities for well-established industry representatives.

Independent pharmacies still have the capacity to generate extra revenue through modernization and the selection of integrated data analysis/management solutions. The adoption of tech offerings like those developed by Trxade Group Inc. (OTCQB: TRXD) is one of the ways to gain competitive advantage.

Trxade Group’s Trxade Exchange opens and widens distribution channels from which independent pharmacies can benefit. Users of the service can view products from manufacturers, wholesalers and buying groups. Real-time information enables independent pharmacies to benefit from the lowest prices at any given time.

The trading software’s membership has reached 10,500 pharmacies out of the 24,000 independent establishments in the U.S. By joining the Trxade Exchange, these pharmacies can compete with large pharmaceutical chains’ ability to buy in bulk and benefit from the lowest prices possible.

Through its platform, as well as the upcoming launch of other innovative products, Trxade Group is working hard to empower small, independent pharmacies. The company announced that, due to high demand, it will continue rolling out innovative products in the future. New product offerings have already been developed to offer increased data analysis capacity and better inventory/cost management.

User analytics is one of the primary tools that independent pharmacies can rely on to increase revenue (http://ibn.fm/lQEwh). When relevant information is being collected on an ongoing basis, pharmaceutical businesses can understand what motivates customers and how to optimize each individual relationship. Through access to the right information, smaller pharmacies can experiment with pricing policies, promotional campaigns and loyalty programs that are bound to generate repeat business.

Trxade Group is an integrated pharmaceutical service company that offers a unique combination of web-purchasing capabilities for transactions between independent pharmacists and drug distributors, a network of pharmacies with E-HUB software, a specialty pharmacy and warehouse 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 TRXD are available in the company’s newsroom at  http://ibn.fm/TRXD

IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) Posts 377 Percent Revenue Increase in Second Quarter

  • West Coast-based IONIC Brands has expanded its recreational cannabis vape products line with acquisitions that grant it edibles and infused product potential, as well as Bluetooth-enabled hardware that revolutionizes its vape lines
  • The company recently reported its second quarter financials, including record revenues that exceeded the prior year’s period by 377 percent for a total of $3.86 million
  • The company also completed two concurrent rounds of financing that added gross proceeds of C$20 million
  • IONIC expects to launch a Bluetooth-enabled Slim-line Vape pen during the third quarter as a new product offering

IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) recently announced milestone revenues for its second quarter as a result of its operations as a West Coast cannabis holding company specializing in the recreational adult product market.

IONIC saw a year-over-year increase of 377 percent in sales for the period ended June 30, leaving the company $3.86 million better than the prior year. The sales increase was largely due to an increase in services, packaging and ancillary products to its customers and their downstream sales, as well as an increase in licensing and equipment rental revenue to those customers. Two acquisitions also played into the revenue picture.

“We are very pleased with our second quarter financial results, achieving our focus of increasing sales growth while closing a successful financing for various strategic business acquisitions all in a span of three months,” Chairman and CEO John Gorst stated in an August 29 news release announcing the results (http://ibn.fm/ZqylE).

The financing Gorst referred to involved two concurrent rounds of brokered and non-brokered debenture unit offerings, which brought in gross proceeds of about C$20 million.

IONIC is a vape manufacturer that recently added Natural Extractions Inc. – doing business as Zoots Premium Cannabis Infused Edibles – into its fold as a revenue source where legalization of cannabis-infused edibles has occurred. IONIC also completed an exclusive Heads of Agreement with Lifespot Health Limited (ASX: LSH) that will grant the company access to Lifespot’s Bluetooth technology for managing vaporizer output – a technology already successfully tried in the biodelivery dosing of medications for certain illnesses.

The Lifespot agreement also anticipates ongoing improvement of cannabis vaporizers, as well as the development of new vaporizer technologies for the recreational market.

“Smartphone Bluetooth technology is the future of cannabis delivery and dosing,” Gorst stated earlier in the summer  (http://ibn.fm/L9y44). “The Company is ecstatic to offer consumers advanced delivery technology that, before this agreement, was only available to medical patients. Ionic’s launch and distribution of the Slim-line Vape is expected to start in Q3 2019 in Washington, Oregon, Nevada and California. The Slim-line Vape is the first Bluetooth enabled vaporizer and platform designed specifically for the use of cannabis.”

During the second quarter, IONIC also celebrated the acquisition of cannabis-infused coffee patents and Nevada-based Vegas Valley Growers (VVG) vape pens, subject to regulatory approval.

The company’s plans for the remainder of 2019 include an expansion of its products and IONIC brand into other U.S. states that have legalized recreational marijuana by contracting with existing local license holders there. Another key element of its strategy for the year is to acquire its own licenses, manufacturing and distribution facilities in the most select markets in order to make new, substantial increases to the company’s gross margins and revenues, as well as facilitating heightened control over the supply chain.

For more information, visit the company’s website at www.IONIC.social

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

Wildflower Brands Inc.’s (CSE: SUN) (OTCQB: WLDFF) Growth Continues with Opening of Two British Columbia Stores

  • Wildflower Brands is expanding its presence in British Columbia and across Canada following its acquisition of Vancouver-based City Cannabis Corp., which recently announced two more store openings
  • The company has hundreds of U.S. outlets for its cannabidiol product line, with a focus on the burgeoning cannabis markets in Washington and California and expectations for European expansion
  • Wildflower’s entry into British Columbia gives it access to a region with a reputation as the most cultured cannabis market in the world, where summer tourism swells the population and the average annual household income of many residents exceeds $86,000

Cannabis-based wellness company Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) continues scaling up its brand visibility following the opening of two new premier cannabis locations in British Columbia under its subsidiary, City Cannabis Corp.

City Cannabis has a history of profitably operating dispensaries in Vancouver since the city began licensing cannabis retailers. Vancouver enjoys a reputation as the most cultured cannabis market in the world, and City Cannabis has defined its mission as providing relief to crowds oppressed by the fast pace of city life, using cannabis products both for medicinal and recreational purposes to that end.

Wildflower executed an agreement in May that provided for its purchase of all of City Cannabis’ issued and outstanding shares (http://ibn.fm/l0Kmr).

“City Cannabis is no doubt the fastest growing multiple location cannabis retailer in British Columbia,” Wildflower CEO William MacLean stated at the time. “The team has demonstrated their ability to find the best locations, but more importantly, the knowledge and ability to work with regulators at all levels has meant success in licencing that is unmatched.”

The acquisition expanded Wildflower’s market presence into Canada. The company has been building its portfolio with about 100 stores scattered throughout the United States and an extensive sales network through retailer Dillard’s, focused primarily on Washington and California, which is currently the world’s largest cannabis market.

The company is also expecting to enter Europe through an arrangement with pharmaceutical distributor Two Towers.

The two newest City Cannabis stores are on Cambie Street in Vancouver’s central district and in the upscale coastal environs of Vancouver Island’s Comox (http://ibn.fm/GKc35). The locations provide the company with tremendous accessibility in the region – the Comox location is located in the heart of a summer tourism destination whose permanent population has an average household income of $86,328, and the Cambie Street location is two blocks from one of the busiest intersections of the city, linked to other areas by two Skytrain rapid public transit lines, nestled amid a retail center that includes numerous big-box stores and the medical community surrounding the general hospital.

The stores feature an all-natural look and feel with a state-of-the-art interactive experience, reflecting Vancouver’s sense of place by blending an urban approach to business with a recognition of the lush coastal rainforests and mountains that are a signature part of the area’s atmosphere and using natural greenery and lighting as well as custom-made furniture relying on materials from the Pacific Northwest.

City Cannabis is the only cannabis company with four licenses in British Columbia, and its three Vancouver city licenses are nearly half of the eight that have been issued, showing the strength of the company’s historical foundation in the region. City Cannabis is passionate about providing education on the plant’s use and holistic qualities as the sweeping tide of new legislation has created a reawakening surrounding cannabis values, as well as a general interest in the planet’s sustainability as part of the culture that has grown up around cannabis use in recent years.

For more information, visit the company’s website at www.WildflowerBrands.co

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

Spectrum Global Solutions Inc. (SGSI) Delivering Services for Next-Stage 5G Network Development

  • Spectrum Global Solutions delivers an array of end-to-end telecommunications professional services, infrastructure and maintenance solutions for the communications network market, serving clients large and small, including recognized brands such as Ericsson, AT&T and Verizon
  • The in-process development of networks for their evolution to 5G speeds and efficiencies heralds a potential $3.48 trillion market (by 2026) in which Spectrum Global intends to operate
  • Spectrum Global recently announced that it has been awarded $3.6 million in new contracts, the majority of which pertain to 5G network establishment
  • As 5G networks develop, they will provide growing opportunities for IoT and AI-enabled products to gain mainstream acceptance as wireless services increasingly become a viable alternative to fixed broadband platforms

The evolution of digital cellular networks to a higher-speed 5G capacity is driving new revenue for Spectrum Global Solutions Inc. (OTCQB: SGSI), an end-to-end U.S. network service provider that’s ideally positioned to serve businesses setting up infrastructure for participation in the new 5G wave of technology.

Spectrum Global is a holding company operating in the communications technology services industry, providing telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and the Caribbean through its subsidiaries, AW Solutions, ADEX Corp. and TNS Inc.

The company announced August 22 that it has been awarded $3.6 million in new contracts across all its subsidiaries, with the majority of the contracts pertaining to 5G network establishment for new and previously existing clients (http://ibn.fm/1fw5E).

“Across the board, we are seeing network operators and carriers strengthen and expand their wireless infrastructure on the back of an ever increasing consumer demand for wireless data,” CEO Roger Ponder stated in a news release. “These new contract awards in particular pertain to enhancing data infrastructure for the upcoming Super Bowl through improvements to hospitality facilities’ telecommunications and security infrastructure.”

SGSI provides its network establishment and maintenance expertise directly to carriers, aggregators, enterprise services, project management office (PMO) and original equipment manufacturer (OEM) clientele that include such prominent names as Ericsson, Nokia, Sprint, AT&T and Verizon.

5G networks, as with prior network evolutions, promise an exponential increase in speed over the currently ubiquitous 4G and 3G operators. ‘5G NR’ (5G New Radio) software will initially depend on existing 4G LTE networks and will provide slight improvements in the performance, flexibility, scalability and efficiency of current mobile networks before evolving with entirely new infrastructure (http://ibn.fm/NZ8NM), utilizing unprecedented levels of cost, power and deployment efficiencies.

One aspect of that strategy involves a plan to develop millimeter wave infrastructure for 5G using antennas that are smaller than the large antennas used in previous cellular networks, with a shorter-range reach than microwaves (http://ibn.fm/qz4cp). Such a plan would require a much more extensive infrastructure development than what exists currently.

“As we continue to expand our service offering to support the rollout of 5G, which requires a large number of small cell deployments rather than a fewer number of larger towers as was traditionally seen, our opportunity pipeline continues to grow at a rapid rate,” Ponder added. “I look forward to continued operational execution on this front and long-term shareholder value creation.”

Mobile operator data analysts at GSMA Intelligence anticipate that 5G will drive mainstream adoption of Internet of Things (IoT) products and artificial intelligence (AI)-enabled services, as well as growth in augmented reality (AR), virtual reality (VR), industrial automation and the delivery of wireless content as an alternative to fixed broadband platform delivery (http://ibn.fm/Dhdnu).

As commercial launches give way to increasing adoption, Research and Markets analysts predict that 5G will grow from a $33.67 billion industry in 2017 to $3.48 trillion by 2026, with CAGR acceleration of 67.44 percent (http://ibn.fm/3BGOo), which signals a marketplace full of opportunity for SGSI.

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

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

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Silvercorp Metals Inc. (NYSE-A/TSX: SVM) Added to S&P/TSX Composite Index After a Year of Growth

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Disseminated on behalf of Silvercorp Metals Inc. (NYSE-A/TSX: SVM) and includes paid advertisement. Precious metals explorer Silvercorp Metals (NYSE American/TSX: SVM) will gain inclusion on the S&P/TSX Composite Index beginning Dec. 22, sending out the old year and ringing in the new with expectations of boosting its liquidity, increasing its visibility, and benefitting in general […]

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