• TGOD is defining industry standard in organic sustainability practices, follows a regenerative farming method
• Sustainability lends both ethical, business edge to companies, says TGOD leadership
• The company is dedicated to organic practices, sustainable principles

The only certified-organic scaled producer in the industry, The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) is committed to more than just cultivating premium organic cannabis. TGOD works to cultivate a way of life, ensuring that from seed, soil and beyond, every step of the company’s cultivating process is designed to make a difference. As part of that commitment, TGOD is defining the industry standard in organic sustainability practices.

The Green Organic Dutchman follows a regenerative farming method, carefully considering the entire product life cycle in order to reduce the company’s carbon footprint in every way possible. Because of this deliberate approach, the TGOD organic cultivation process is exceptionally clean with a focus on the natural growth of the plan, ultimately resulting in the best cannabis Mother Nature can produce.

“Sustainability means my future and the future of our communities,” TGOD facilities engineer Richard Aranha stated in a news release (http://ibn.fm/MPSMH). “Our culture is designed around sustainable practices because sustainability gives an ethical edge to your company, but it also provides a business edge.”

With the future in mind, TGOD is dedicated to organic practices and sustainable principles, including the following:

• Recyclable packaging – The company packages its flower and oil products in recyclable glass; TGOD shipping containers use only recyclable paper;
• LED lighting – TGOD relies on LED lighting as the most efficient and impactful manmade light source to fuel growth of its plants;
• Hybrid facilities – The careful design of TGOD’s hybrid facilities allows for maximum absorption of natural sunlight. In addition, multiple filtration processes allow the company to recycle 90 percent of rainwater, which is then used to feed the plants;
• Energy efficiency – The company uses water-heat transfer, which provides heat for its hybrid facilities in the most energy-efficient, cost-effective manner; and
• Environmental advocacy. TGOD has partnered with several local groups, including Grand River Authority Conservation, to work on specific environmental priorities to ensure the land is protected and honored.

In addition to its commitment to sustainability, The Green Organic Dutchman prides itself on following a higher standard of organic growing, which includes creating a living soil rich in beneficial organisms with no synthetic chemicals used at any stage of cultivation. TGOD recognizes that growing certified organic cannabis is better for the community, the soil, the environment and – most importantly – the consumer.

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

• Doing business right, taking cues from the prohibition era to optimize its unique business model for the cannabis industry
• Transferring the Paso Robles ranch property into a vertically integrated, high-end cannabis facility and wellness retreat
• Over half of all Americans support the legalization of marijuana, which bodes well for the industry

LiveWire Ergogenics Inc. (OTC: LVVV), a forward-thinking company involved in the acquisition, licensing and management of fully compliant turnkey facilities for the production of cannabis-based products and services in California, recognizes the importance of – and is committed to – doing business right in an industry rife with legal complexities. As the country’s attitude toward cannabis warms, LiveWire looks to lessons learned during the prohibition era to ensure company growth and success.

A growing number – more than 60 percent – of Americans now support the legalization of marijuana, double what it was at the turn of the century (http://ibn.fm/7eWDL). That increasing support bodes well for companies such as LiveWire. Even so, the company is making its way carefully forward, following an entrepreneurial roadmap influenced by the nation’s journey through and especially the period after the end of prohibition (http://ibn.fm/wMf0a). That roadmap includes several points worth noting, including:

• Making education of the public about cannabis a priority;
• Embracing public opinion and support;
• Creating a unique and legal business model;
• Using nontraditional marketing strategies;
• Targeting new audiences;
• Establishing advantageous strategic alliances; and
• The creation of the high-quality ‘Estrella Weedery’ brand.

Part of LiveWire’s strategy, which includes these elements as well as others the company has identified as important, consists of the purchase made earlier this year of an historic Paso Robles ranch property (http://ibn.fm/E6Lso). Located in the heart of California wine country, the 265-acre property was once owned by George R. Hearst, the eldest grandson of the late William Randolph Hearst. In addition to eventually hosting LVVV’s essential cannabis cultivation and manufacturing facilities, plans for the property include transforming it into the world’s first Estate-grown Weedery. When complete, the ranch will be one of the largest, vertically integrated, high-end cannabis facilities and wellness retreats in California.

“This is by far the most significant milestone in our company’s development and possibly the most significant real-estate acquisition in the entire California cannabis industry,” said LiveWire CEO Bill Hodson. “We are developing it into the center piece of our business model with the goal to establish a shining example for the entire cannabis industry and Estrella Ranch-branded products soon to be recognized as one of the finest in California.”

This milestone project has been done right from inception, Hodson continued. “During the last twelve months, our management team, legal, environmental and architectural consulting firms have concluded the extensive due diligence process and confirmed the suitability of the property for the operation of our fully legal, ‘closed-loop’ cannabis production facility.”

That commitment to sound business practices will continue as the company considers partnerships, joint ventures and creates strategic alliances with the best legal operators in the cannabis industry. The Estrella Ranch Weedery operations will eventually include cultivation, extraction, lab and research facilities and luxury recreational opportunities. As a central hub for Livewire’s operation, the site provides unique ways to implement different operational and marketing strategies and ideas as well as the ability to target diverse audiences, both takeaways from the prohibition era and important means to set the company apart from the competition.

LiveWire Ergogenics specializes in identifying and monetizing current and future trends in the health and wellness industry. The company is focused on acquiring, managing and licensing specialized, closed-loop, turnkey, cannabis, real-estate locations of fully compliant and permitted turnkey facilities to produce cannabis-based products and services in California and the statewide distribution of these products.

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

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

• PLUS is utilizing a diverse, multichannel campaign strategy to gain national awareness
• The company is marketing to 43 states with online sales of its PLUS hemp-CBD-infused gummies products
• Plus Products also announced high-profile branding partnerships with celebrity John Legend and Casper Sleep Inc.

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) is pursuing multiple channel marketing strategies to achieve a national profile. PLUS has also launched its first commercial, digitally available directly to consumers (http://ibn.fm/ocBGW).

The campaign features new PLUS hemp-CBD products, which consumers can purchase online and have shipped to them in 43 states (http://ibn.fm/owZUU). In addition, the company is raising its profile by brand partnering with celebrity John Legend and with direct-to-consumer sleep company Casper Sleep (http://ibn.fm/DD7vI). Legend will be an advocate on behalf of the PLUS CBD line while Casper co-developed the new PLUS line of SLEEP gummies.

The company’s recent launch event in New York City received widespread media coverage in print publications, internet sites, and on-air reports. PLUS received some 300 million impressions from the coverage by Forbes, CNBC, Politico, the Hollywood Reporter, and Billboard. PLUS defines impressions as the number of times a piece or pieces of digital media render on a user’s screen, the company said (http://ibn.fm/Dli81).

The new direct-to-consumer commercial is a key part of PLUS’s campaign to drive awareness with the omni-channel campaign, which includes video advertising and home-page takeovers. A version of the company’s first commercial, with the theme “Find Your Just Right,” is lifestyle driven and features PLUS CBD-infused gummies products.

“The primary goal of our national hemp CBD launch is to put PLUS gummies into as many hands as possible, and this campaign underscores that,” PLUS CEO and co-founder Jake Heimark stated in a news release.

PLUS seeks to leverage its sales dominance in California, where its cannabis-infused edibles are sold by more than 360 licensed retailers statewide. Heimark noted that PLUS has the no. 1 and no. 2 best-selling products across all categories—and the company is well-positioned for continued growth.

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

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

• The company is aiming to expand its presence domestically and internationally with its recent launch on the Canadian market
• Wildflower Brands’ online CBD store recorded 300 percent growth year over year, with 39 percent of monthly sales coming from repeat customers
• The lucrative U.S. CBD market is estimated to reach $22 billion by 2022

Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF), a public cannabis company developing brands that focus on plant-based wellness and health products, is quickly expanding its market presence and looks intent to dominate the CBD space by providing premium branded products through a distribution network comprising of more than 800 locations, as well as a successful online store, according to an October 2019 investor presentation (http://ibn.fm/7LAUv).

Operating out of Washington State, the company markets its CBD products to retailers in the health and wellness space under the slogan “Plants Heal.” Its distribution network in the U.S. includes 200+ retailers in Washington State and 20+ retailers in New York City. In partnership with Retail Worx, the company has established shop-in-shop retail locations in the center of New York City, which complement the introduction of their products at Bridges General’s stores in New York City and San Francisco. Apart from the full range of CBD products marketed under the Wildflower Wellness brand, Wildflower by Bridges General stores will have several exclusive product offerings.

Wildflower products are available in over 260 Dillard’s department stores (http://ibn.fm/5Sox3), as well as at 100 Earthbound Trading locations nationwide, 20 premium health and wellness stores throughout Manhattan, and wellness guru Joel Warren’s Saks Fifth Avenue salon (http://ibn.fm/CMB5p). The company recently completed the strategic acquisition of Canadian-based City Cannabis Corp, which gives it access to four retail stores in Vancouver, British Columbia. Two of these stores were opened in August 2019 (http://ibn.fm/6Wwqe).

Overseas, Wildflower has already completed its first commercial export to the U.K and has started selling its products at high-end retailer Selfridges. Additionally, the company has signed a distribution agreement to begin selling in Poland and is undergoing a packaging compliance processing in Italy. Wildflower also expects to send its first shipment of products to South Africa in early November 2019.

In terms of online sales, the company receives an average of 900 orders per month and achieved a 3.44 percent conversion rate in October 2019. Its online store boasts 39 percent of monthly sales from repeat customers and a growth rate of 300 percent year over year.

These developments, paired with the company’s commitment to delivering only high-quality wellness-focused CBD infused products to the discerning consumer, have had a positive impact on Wildflower’s sales figure. According to the October 2019 investor presentation, the company’s retail sales went up 156 percent year over year. In 2019, Wildflower issued shares worth $136.9 million, options of $10.9 million ($0.20-$1.55), and warrants of $15.2 million ($0.75-$2.25).

Wildflower remains focused on its strategy to expand into large retail chains and launch new products both in the U.S. and internationally. As part of the company’s domestic expansion plans, a 10,000-square-foot manufacturing facility to be completed in November is expected to significantly boost production.

These moves position Wildflower Brands for sustained growth and market prominence in the ever-growing cannabis and CBD space. Analysts anticipate the U.S. CBD market to reach $22 billion by 2022 (http://ibn.fm/hhlfP), while the cannabis market as a whole to top $75 billion by 2030 (http://ibn.fm/ldiK9). The CBD market compound annual growth rate (CAGR) is expected to more than double and reach 107 percent by 2023 (http://ibn.fm/pUAwZ).

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

• Wildflower Brands is a West Coast-based plant wellness company that is building a host of cannabis product offerings for the CBD and THC markets
• Wildflower’s products are spreading from their Washington state production facility to hundreds of stores in the United States, with additional agreements in Europe, the United Kingdom and South Africa in the works
• The company’s success is leading to the construction of a second manufacturing facility that’s expected to increase Wildflower’s output capacity tenfold, once it opens next month

Cannabis and health care product developer Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) is watching its brands grow throughout the North American continent this year and across the ocean during a period of heady advances for the overarching industry.

The health and wellness company’s mission is to connect people with the healing power of plants, nourishing its CBD and THC products with an infrastructure that helps them flourish even in the wan sunlight that bathes the northern hemisphere late in the year.

Wildflower’s Bellingham, Washington, production facility has added a second shift to keep pace with demand for the company’s Wildflower offerings in a variety of capsules, tinctures, topicals, vaporizers and soaps. A second, 10,000-square-foot manufacturing facility is expected to be completed within a month.

The new facility will fully automate production of the company’s SKUs and increase output capacity more than tenfold.

“We receive inbound contact daily by new retailers and distributors reaching out to us to carry our products and with production at near capacity we need the expanded manufacturing,” CEO William MacLean stated in a news release about the changes (http://ibn.fm/DZCNn).

In the United States, the company’s products are distributed in over 800 stores, including some 260 Dillard’s clothing retail outlets and 100 Earthbound Trading clothing and accessories stores.

Wildflower has expanded into Canada with four premier cannabis stores in British Columbia’s cultured West Coast cannabis market under Wildflower’s subsidiary City Cannabis Corp. — the only cannabis company to gain four licenses in the British Columbia province.

Although cannabis vaporizers such as those produced by Wildflower have come under increased public scrutiny during recent months amid reports of some vape users’ lung-related illnesses and deaths, Wildflower’s products are all made in the United States and are tested by a third-party lab for quality assurance and accurate labeling.

The mysterious vaping-related disease has been branded EVALI, short for e-cigarette or vaping product use-associated lung injury, by the U.S. Centers for Disease Control and Prevention (CDC). The federal health agency acknowledged it has not been able to determine the precise cause(s) of EVALI, but suspicion has generally turned toward black market products manufactured without proper regulatory oversight and their recent trend of using a vitamin e acetate emulsifier (http://ibn.fm/387fi).

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

• The company has unveiled a new strategic plan to reduce its financing requirements while continuing on the path to profitability
• TGOD is currently debt free and reviewing financing alternatives to complete construction
• The company is building 1.4 million square feet of cultivation and processing facilities across Ontario and Quebec, with the combined capacity estimated at 202,500 kilograms
• TGOD is rightsizing production in order to capture the organic segment with the optionality to add capacity as the market develops

Due to the slower pace of legal market conversion, The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium-certified organic cannabis has announced a new strategic plan as the company works to enhance profitability (http://ibn.fm/Yh8cm). TGOD will optimize operating efficiency by deferring excess capacity and expenses. A new construction and operating plan to reduce cash needs has been adopted that is expected to lead towards positive operating cash flow in Q2 2020.

TGOD is reviewing financing alternatives to complete the construction at its facility at Ancaster and Phase 1 at Valleyfield (http://ibn.fm/ltNAR). The company is currently debt free with $56.7 million in cash available in Canada, including $40.2 million in restricted cash allocated to capital expenditures.

The Ancaster, Ontario site is expected to be completed by end of Q4 2019. While the greenhouse has been finished, the processing facility is mere weeks away. Once completed, the annual production in 2020 is estimated to reach 12,000 kg with the means to reach the capacity of 17,500 kg. Construction is mostly complete with all grow rooms licensed by Health Canada.

Ancaster is a purpose-built facility designed for premium organic cannabis cultivation and processing. The first harvest from the now-completed greenhouse is scheduled for Q4, around the same time that the processing facility will be completed. TGOD is working towards an EU-GMP certification that will enable exports to Europe. The focus on large-scale organic cultivation and premium pricing is expected to generate strong margins as TGOD continues to meet the highest organic standards.

Meanwhile the large-scale project in Valleyfield, Quebec, is being divided into smaller phases. This site is set to become the world’s largest organic cannabis facility at 1.31 million square feet. Once market conditions fully justify the addition, the expansion of Valleyfield will recommence, moving the initial capacity from 10,000 kg to 65,000 kg. At the completion of all phases, total planned capacity at Valleyfield will reach 185,000 kg.

“With the current Canadian legal market being smaller than initially anticipated, mainly due to a slow rollout of retail locations in key provinces, we believe that our revised plan will allow TGOD to rightsize its production to capture the organic segment, while maintaining optionality to quickly accelerate and expand as more retail locations begin to open,” TGOD CEO Brian Athaide stated in a news release.

In Canada, TGOD is building 1,40,000 square feet of cultivation and processing facilities across Ontario and Quebec. The combined planned capacity of both sites is estimated at 202,500 kg. By growing to scale and adjusting strategy to fit the changing market, TGOD can continue to deliver product the consumer has come to expect as well as profitability for investors.

The Green Organic Dutchman is building some of the most-advanced hybrid facilities in Canada capable of producing high-quality organic cannabis at some of the lowest costs today thanks to investments in facilities built to LEED certification standards and benefiting from North America’s lowest power rates in Quebec. TGOD is thinking strategically and leaving a positive impact on the communities it serves and partners with.

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

• SinglePoint is researching opportunities through which it can influence the strategy and direction of high-potential companies
• The company’s CEO recently discussed the multifaceted path forward for SinglePoint on MoneyTV
• SinglePoint’s ability to market hemp cigarettes at NACS was deemed “perfect timing”

A diversified holding company, SinglePoint Inc. (OTCQB: SING) specializes in the acquisition of small to mid-sized companies. With operations in manifold industries and verticals, SinglePoint offers investors the opportunity to make investments for portfolio appreciation through diversification in various assets. In essence, the company researches opportunities where it can be an active participant by influencing the strategy and direction of high-potential companies. Additionally, SinglePoint’s seasoned leadership team has wide-ranging experience in technology, engineering, marketing, and raising capital.

Recently, SinglePoint CEO Greg Lambrecht provided an update on company happenings during his appearance on MoneyTV with Donald Baillargeon (http://ibn.fm/kZM3V). Having recently returned from attendance at an important trade show in Atlanta, Georgia – the NACS (National Association of Convenience Stores) show – Lambrecht discussed SinglePoint’s hemp cigarette program as well as the latest news regarding SING’s Direct Solar division (http://ibn.fm/qGmZN).

Speaking directly from company headquarters in Phoenix, Lambrecht said that SinglePoint is still following up on leads from the NACS show. The company gathered approximately 100 leads, and at least 80 percent of them are interested in placing orders or receiving samples of the company’s hemp cigarettes in consideration of a future order.

SinglePoint presented its hemp-tobacco product to the 20,000-plus attendees of the show. Large retailers and distributors went to the NACS show specifically looking for a hemp cigarette manufacturer or distributor such as SinglePoint, said Lambrecht. This interest comes in large part because of the rising issues regarding vaping and e-cigarettes, including recalls over health-related concerns. Lambrecht noted that these retailers and distributors are looking for product to replace popular vaping options, and he described SING’s ability to exhibit and offer the hemp cigarettes at the show as “perfect timing.”

“The hemp business is really booming, and we’re right on top of it,” Lambrecht stated in the interview. “Our goal is to be, you know, the number one hemp supplier of cigarettes in the country.” Lambrecht observed that the company has shipped plenty of product to its California warehouse in order to have ample inventory on hand to fulfill anticipated orders.

During his segment, Lambrecht explained that over 140,000 convenience stores exist across the country, and the NACS show is well-attended by key buyers for these stores, along with other distributors, jobbers and retailers. Therefore, SinglePoint understands the importance of showcasing its hemp product at this major event.

Additionally, Lambrecht gave an update on the company’s standout subsidiary, Direct Solar. Direct Solar provides premier, cost-effective solar power systems and currently serves 11 states for commercial, municipal, and residential services (http://ibn.fm/e9GB9). Direct Solar continues to produce significant revenues, Lambrecht reported. In fact, SinglePoint expects Direct Solar’s revenue to be so impressive for Q3 that the company may try to release its Q3 financial statements before November 15, 2019 so SING can show shareholders what a considerable revenue increase Direct Solar has seen from Q3 2018. Of note to investors is that Lambrecht reported, “everything is hitting on all cylinders for SinglePoint,” and he expects the company’s stock to follow suit.

SinglePoint continues to take advantage of its proven expertise in developing emerging opportunities in diverse verticals. With dried and smokable hemp flowers being one of the fastest-growing segments of the CBD (cannabidiol) market, SING offers investors the potential for sustained return on investment. SinglePoint is at the forefront of creativity in the hemp cigarette space.

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

• LXRP stock jumped by 24 percent following the FDA’s announcement
• FDA recently granted the first-ever, modified-risk orders to eight smokeless tobacco products
• DehydraTECH technology enhances oral delivery of nicotine

The recent climb in the stock price of Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) looks to be the harbinger of a bright future for the innovative global developer of drug-delivery platforms. After the FDA announced it had authorized the marketing of products through the modified-risk, tobacco-product (MRTP) pathway, LXRP stock jumped 24 percent, up to $0.72 from $0.58 on the OTC Markets. The rapid rise in Lexaria stock price is a sure indication that investors are betting some of those product categories approved by the FDA could benefit from Lexaria’s drug-delivery platform. The company’s patented DehydraTECH(TM) technology has been shown to enhance the oral delivery of nicotine and a wide range of other active pharmaceutical agents.

The FDA announcement is a victory of vindication for companies such as Lexaria that are developing smokeless nicotine products and technology. While smokeless tobacco products are widely sold, in the past they cannot profess to be healthier than cigarettes to use. However, following the FDA announcement, some can. On October 22, 2019, the FDA allowed (http://ibn.fm/3hCAN) eight smokeless-tobacco products to make the claim that their use “instead of cigarettes puts you at a lower risk of mouth cancer, heart disease, lung cancer, stroke, emphysema, and chronic bronchitis.”

The FDA approval of the “modified risk” claims was made after reviewing scientific evidence submitted by the manufacturer of the products. The approvals, which are product specific and expire after five years, do not mean the products come with no health risks. Nicotine-based products are addictive and may, according to some studies, induce the onset of cardiovascular, respiratory and gastrointestinal disorders.

The patented DehydraTECH drug-delivery platform mitigates a serious limitation to nicotine ingestion. The human GI system struggles to process nicotine in the forms in which it is presently offered, one reason why there are currently no edible, nicotine, manufactured products available, although some natural foods – eggplant, green pepper, potato, tomato – do contain nicotine. However, DehydraTECH employs a delivery mechanism that improves the bioabsorption and bioavailability of many ingestible substances, as well as their taste and smell, by using lipophilic agents. Application of the technology extends beyond nicotine to non-psychoactive cannabinoids, vitamins and non-steroidal anti-inflammatory drugs (NSAIDs).

Lexaria has licensed the DehydraTECH technology to a number of companies, including one of the world’s largest tobacco corporations, in a collaboration to pursue the development of reduced-risk, oral-nicotine consumer products. Lexaria recently provided an update on that partnership. “Most of the investigation and work within this first phase of the project is either complete or significantly underway, with one remaining aspect ready to commence imminently,” the company reported (http://ibn.fm/5HjIX). “To date, results have been positive and are supportive of successfully completing this first phase. Successful completion of phase one will be the first step in developing commercially viable products using Lexaria’s technology.”

As of July 2019, Lexaria had nine corporate licensees, with whom it had signed 11 licensing agreements to develop products using its DehydraTECH absorption technology (http://ibn.fm/oyRyn). These are potentially lucrative six-figure contracts that typically yield 90 percent plus of revenues as profit. Tobacco continues to be an area of opportunity. Presently, the tobacco industry generates about 20 times more revenue than the cannabis industry

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

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

• Oil and gas industry technology developer Petroteq Energy has achieved continuous production standards in oil extraction, processing and sales levels at its Asphalt Ridge site following a temporary shutdown for equipment modifications
• The company’s flagship Clean Oil Recovery Technology (CORT) is an environmentally friendly process for extracting cleaner fuels at the Utah site
• Crude extracted from the Asphalt Ridge site has demonstrated a relatively low sulfur content and a very low base sediment and water (BS&W) content, making it attractive by refinery standards
• Petroteq is aiming to boost production at the Utah site to 4,000 bpd by late 2020, and expects to build on its first CORT licensing agreement announced in July with additional agreements

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) is entering a brave new stage in its development of a revolutionary closed-loop oil and gas industry technology that it believes will provide a much more environmentally friendly fuel, produce in-demand crude weights at high quality, and boost the company’s profits significantly in the process.

Petroteq’s Clean Oil Recovery Technology (CORT) began to demonstrate its potential last year during recovery of heavy fuel oils from ground surface-level bituminous sands at the company’s aptly named “Asphalt Ridge” facility in Utah’s eastern deserts. Following a temporary shutdown earlier this year to modify and maintain the equipment to better deal with the sands’ coarseness, Petroteq resumed processing of the tar sands last month and recently announced that the company has again achieved continuous production levels expected from the quantities of oil extracted, processed and sold at the plant (http://ibn.fm/RyFea).

Furthermore, the Asphalt Ridge extracted crude displays an exceptional quality, measuring at a relatively low sulfur content and a very low base sediment and water (BS&W) content as established against the West Texas Intermediate crude oil (WTI) crude oil benchmark, the company stated in a separate news release (http://ibn.fm/zGlCN).

Petroteq believes its CORT technology and the Asphalt Ridge operation comprise the first commercial production in the United States and perhaps in all the world of a technically and economically viable means for extracting and upgrading crude oil from oil sands and bituminous sandstones, making the process a revolutionary achievement that rivals the impact of fracking on the U.S. market.

Its goal is to deliver up to 4,000 barrels per day (bpd) by late 2020, and 5,000 to 8,000 bpd by 2022 at the Asphalt Ridge site.

The company reported approval of its first non-exclusive licensing agreement for the CORT technology in July, inking a deal with eastern Texas energy services company Valkor LLC that it hopes will be the harbinger of more such licensing arrangements within the industry (http://ibn.fm/num3J).

The oil industry has been evolving during recent decades amid a push for cleaner, less polluting fuels and crude with a low sulfur content has become the “silver bullet” for responding to increasingly stringent environmental requirements in both on-road motor vehicles and, more recently, the international ocean-going vessel industry (http://ibn.fm/wzkZw).

At Asphalt Ridge, the company can extract crude that ranges between heavy oils used as refinery feedstock and medium oils used in diesel fuels. The low sulfur content in the heavier oils, also used for the marine industry, position the Utah site’s product as a viable resource for resolving concerns raised by the new international shipping standards (http://ibn.fm/Z1HAt) and turning a tidy profit in the process.

“We are entering an exciting phase where we are making oil better and better every day. Everything that we have developed over the last years we hope will now culminate in our streamlined designs for our enlarged facility that is around the corner,” CEO David Sealock stated in the company’s news release.

For more information, visit the company’s website at www.Petroteq.energy

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

• First announced in September 2019, the equity financing generated proceeds of $500,000
• The financing is part of an ongoing effort to secure the capital required to enhance the company’s Asphalt Ridge oil extraction processes
• Extraction operations were recently resumed at Asphalt Ridge after facility upgrades

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) announced on October 18, 2019, the final closing of equity financing initiated one month prior. According to a news release, the company generated gross proceeds of $500,000 through the issuance of 2,777,777 units sold at $0.18 each (http://ibn.fm/4bI7W). Funds generated through the equity financing will be put towards the company’s innovative clean oil extraction technology.

In addition, Petroteq has issued to an arm’s length lender a $240,000 principal amount unsecured convertible debenture and warrants exercisable for up to 1,176,470 common shares of the company at $0.20 per share for 15 months. The debenture has a timeframe of 15 months and carries an interest rate of seven percent annually (payable quarterly).

All of the proceeds will be dedicated to furthering work at the company’s Asphalt Ridge facility in Utah, as well as for working capital. All securities issued pursuant to the financing are subject to resale restrictions, including, without limitations, a Canadian four-month hold period.

This is a part of an ongoing Petroteq effort to secure financing, reduce debt and improve the financial bottom line.

Petroteq is a fully integrated oil and gas company that focuses on the development and implementation of innovative extraction technologies. The company’s proprietary, patent-pending application is a closed-loop, solvent-based extraction process. As a green technology, it allows for the effective and environmentally friendly extraction of oil from ground surface oil sands.

Known as Clean Oil Recovery Technology (CORT), the proprietary methodology uses a solvent emulsifier to complete the extraction process, without requiring the use of heat of water. Additionally, CORT does not generate greenhouse emissions: the only thing left behind after the completion of the process is clean sand.

Last year, Petroteq began scaling production at Asphalt Ridge, selling oil to regional markets and quickly proving the effectiveness of CORT. In May 2019, the company ceased operations to initiate a maintenance program aimed at improving the separation of oil from sand.

Through these recent technological enhancements, Petroteq plans to significantly boost production at Asphalt Ridge. This step wise approach will potentially enhance cash flow in what is currently a much more favorable pricing environment, Petroteq’s CEO David Sealock said in a news release (http://ibn.fm/RnYGZ).

Production at Asphalt Ridge resumed in October 2019. “The work that has been completed to evolve Petroteq’s environmentally friendly technology, from a batch process to semi-continuous production process, is the basis of many valuable design lessons learned through the improvement process,” Petroteq’s executive chairman Alex Blyumkin said in a news release.

Petroteq plans to hold a conference call in December 2019, reviewing the company’s current operating results. Additional details and a North American/international toll-free number will be provided as the date approaches.

For more information, visit the company’s website at www.Petroteq.energy

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