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Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Execs Sign Three-Year Contract Extensions, Ensuring Management Continuity

  • LXRP CEO Chris Bunka and President John Docherty have agreed to new, three-year contracts
  • The new contract agreements are designed to provide management security with continuity of key officers
  • The company recently canceled 1,140,000 stock options after negotiations with optionees

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) has successfully negotiated new three-year compensation contracts with key officers Chris Bunka, CEO, and John Docherty, president. The agreements offer LXRP and its shareholders the security of pursuing corporate growth within a seamless transition by providing management continuity. The renewal agreements are retroactive to January 1, 2019 (http://ibn.fm/V8SmJ).

The agreements offer both officers compensation and bonuses based on meeting certain performance criteria established by the LXRP board. The agreements also offer a one-time bonus based on consideration for the sale of any subsidiary or change of control, excluding certain circumstances, as well as continuing participation in the LXRP stock option plan.

LXRP also announced that, effective April 5, 2019, the company was canceling 1,140,000 stock options with exercise prices ranging from $0.10 to $2.06 after reaching agreements with certain optionees.

Based in British Columbia, Canada, LXRP is a biotechnology company and drug-delivery platform innovator, with DehydraTECH as its proprietary absorption technology platform. The company has developed and out-licenses its disruptive technology, which promotes healthier ingestion methods and lower overall dosing. LXRP holds a patent for oral delivery of all cannabinoids and has a growing IP portfolio that includes 10 patents granted in the United States and Australia and more than 50 patent applications worldwide across 10 patent families.

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

Sharing Services Global Corporation (SHRG) Taking its Blue Ocean Strategy Global

  • The company provides fully and partially owned firms with the same management efforts and mentorship services
  • Its Blue Ocean Strategy is pushing SHRG forward with sustained revenue growth
  • SHRG expanding into Canada is the first step in a larger international expansion plan

Sharing Services Global Corporation (OTCQB: SHRG) owns, operates or controls interests in direct-selling companies. The company’s diversified portfolio allows it to reshape how today’s entrepreneur achieves success through a model that provides management, buying power, merchant processing, manufacturing and administrative services to already established direct-selling and network-marketing firms.

By leveraging the abilities of numerous direct-selling and network-marketing businesses, SHRG is able to offer products and services directly to the consumer through Elepreneurs, or independent representatives. Elepreneurs is a term coined by SHRG that summarizes the company’s mission of elevating today’s entrepreneurs by revolutionizing the direct-selling industry.

To do this, SHRG created its blue ocean strategy. The goals of SHRG’s blue ocean strategy are threefold:

  1. Elevate home-based entrepreneurs;
  2. Utilize the direct-selling channel to generate 100 percent organic growth; and
  3. Create successful independent business leaders.

The company has already seen rapid growth from this strategy. In January 2019, SHRG reported approximately 29,000 Elepreneurs and 200,000 customers. The combination of quality products, the excellent performance of Elepreneurs and the continued satisfaction of customers have played a vital role in SHRG’s performance.

“We [are] on track for a great first full year since launching our incredible health and wellness division of Elevacity Global and Elepreneurs,” Sharing Services CEO John “JT” Thatch stated in a recent press release (http://ibn.fm/EbMq3). “March sales revenues are proof that our Blue Ocean Strategy is being well accepted in the direct-selling marketplace. We look forward to closing out our year-end this month, while expanding into Canada for further growth opportunities.”

The company has aggressive plans to expand rapidly and increase revenues. Earlier this year, the company changed its name from Sharing Services Inc. to Sharing Services Global Corporation to better represent its global expansion plan. The next step in its international strategy involves plans for Elepreneur LLC to expand into Canada. The company’s first Canadian event is scheduled to take place on May 3-4 in Ottawa, Ontario.

Management notes that integrity, respect and dedication are at the heart of all that SHRG does. The company intends to continue to share its great products and services by utilizing its blue ocean strategy in the United States and as it expands globally.

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

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

Earth Science Tech Inc. (ETST) Airs Infomercial, Plans to Add Other Markets and Networks

  • Company’s TV spot recently aired on Fox News, Lifetime and the Cooking Channel
  • A Shark Tank entrepreneur introduces the commercial by explaining how ETST can address ‘aches and pains’
  • Infomercial campaign is also available online and on social media

Earth Science Tech Inc. (OTCQB: ETST), a biotech company focused on the nutraceutical and pharmaceutical fields, is airing its ‘As Seen On TV’ infomercial in the New York market. During the 60-second spot, entrepreneur Kevin Harrington, an original shark on Shark Tank, explains that ETST’s full-spectrum cannabinoids can help with ‘aches and pains’ (http://ibn.fm/qWL1I).

The infomercial (http://ibn.fm/bmE3x) is highly personal, focusing on the improvement in lifestyle of real-life ETST customer Rhoda Friedman. During the ad, Friedman notes how using Earth Science Tech products freed up her movement and improved her lifestyle. The spot explains how case studies have proven that full-spectrum cannabinoids, derived from industrial-grade hemp, can reduce pain and inflammation and improve sleep. The ad also notes that consumers can purchase ETST products online or in local health foods stores.

ETST announced that markets and networks will be added to the infomercial campaign, which is scheduled to run through July 14. Initially airing in New York on Fox News, Lifetime and the Cooking Channel, the spot may also be seen online and on social media. It airs between 9 p.m. and midnight Eastern. New York was selected as the initial market, because it is one of the largest consumer-based areas in the United States, ETST officials noted.

“I am really excited that we have completed production and are now able to share Rhoda Friedman’s amazing story with the world,” Nickolas S. Tabraue, ETST’s president and chairman, said in a news release. “We are passionate about our products and the life-changing potential they offer.” Tabraue also praised Kevin Harrington’s team.

ETST’s full-spectrum cannabinoids offer analgesic pain relief and anxiety reduction, the company aded. ETST offers cannabinoids in the form of soft gels, tablets, liquids and other forms classified as food-based, with the products being permissible in all 50 states in the United States and some 40 countries.

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

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

Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Expands Cannabis Footprint in Europe with Key Acquisition Agreement

  • Wildflower Brands is poised to take its cannabis brand into Europe, beginning with Poland, thanks to its recently announced arrangement with major pharmaceutical distributor Two Towers
  • Analysts anticipate a coming cannabidiol (CBD) boom in Europe, where related products are only just beginning to gain attention
  • This and other acquisitions are seen as the first steps in Wildflower’s carefully planned strategy for international growth

An agreement between wellness brand builder Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) and wholesale medicinal product distributor Two Towers indicates that doors are opening to a potential array of important new markets for Wildflower as the company builds on its partner’s established capabilities. Two Towers, a major wholesale prescription medical and over-the-counter wellness distribution company in Poland, is an extension of Omega Rex, a group of 14 pharmacies around the central capital region of Warsaw, with critical expertise in dealing with the regulatory process. Two Towers, with operational relationships throughout Europe as well as other parts of the world, distributes products from an extensive list of global leaders in pharmaceutical and consumer packaged goods.

Two Towers specializes in powdered food for children and other baby nutrition products, including medications, nutritional supplements and fast moving consumer goods (“FMCG”). The initial Two Towers agreement will allow Wildflower to begin marketing its CBD+ line of products in Poland, with a view of launching into the entire European Union as Wildflower Wellness cannabidiol products establish themselves on a solid footing.

“The European market is fragmented with no CBD market leaders,” Wildflower CEO William MacLean stated in a news release announcing the agreement (http://ibn.fm/RXZHB). “Our agreement with Two Towers vastly reduces barriers to moving our products between member states. This will position Wildflower as a market leader as the EU members begin opening their markets to CBD.”

Market analysts at the Brightfield Group recently reported a market forecast that envisions a boom in the European cannabidiol market during the next four years. The market is expected to grow by more than 400 percent from an estimated $318 million in sales last year as cannabidiol products begin to take hold there (http://ibn.fm/wqFy6).

“CBD is just starting to take hold in Europe, with both product availability and consumer awareness still quite limited,” Brightfield Managing Director Bethany Gomez stated in a release. “This is a great opportunity for developed brands to enter and expand through Europe with far less competition than we’re seeing in the U.S. With the Novel Foods Act, it is a challenging legal environment to operate in, but impending regulatory changes are likely to smooth the way for significant mid-term growth.”

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

Same-Day Prescription Deliveries Now a Reality via Trxade Group Inc.’s (TRXD) New DelivMeds App

  • Proprietary S2P (supplier to pharmacy) web-based platform enables fair trade among health care buyers and sellers of pharmaceuticals, accessories and services
  • DelivMeds app employs AI software to determine the best method to deliver same-day medicine to consumers throughout the U.S.
  • The company is targeting 24,000 U.S. independent pharmacies, with combined pharmaceutical purchases of $93 billion per year

Trxade Group Inc. (OTCQB: TRXD), an integrated pharmaceutical services company, is extending the reach of DelivMeds, the company’s innovative mobile app that allows patients to receive same-day dispensed prescriptions and medication refills from a local, independent pharmacist with no delivery fees incurred. In an interview with Proactive Investors, Trxade Group CEO Suren Ajjarapu discussed the expansion of DelivMeds throughout the company’s growing network of independent pharmacies around the U.S. (http://ibn.fm/32VgX).

“We are currently indirectly delivering drugs to an audience of 12 million consumers through these 10,250 pharmacies,” Ajjarapu said in the interview. “Why not extend that through this app so that when the consumer leaves the doctor’s office, the consumer can focus on his own priorities rather than waiting in line at the big box chain pharmacy stores?”

DelivMeds is powered through Trxade’s Managed Services Organization (“TrxadeMSO”), which enables member pharmacies to process and deliver orders to patients. Trxade launched its MSO pharmacy network via a SyncHealth joint venture in February (http://ibn.fm/YDHR1). The company’s DelivMeds app employs artificial intelligence (AI) software to identify the best means to deliver same-day medicine to consumers. The easy-to-use, feature-packed DelivMeds app (http://ibn.fm/zMKEL) is available free for download on Google Play and the Apple App Store.

“When you are sick today, you need to take the drug today, not tomorrow,” Ajjarapu said, noting that all prescription orders are placed with local, independent pharmacies, which typically make personal service and patient care the number one priority.

The $330-billion U.S. pharmaceutical industry is comprised of more than 65,000 pharmacy facilities and 1,500 state-licensed suppliers, according to the U.S. Department of Commerce (http://ibn.fm/1xW9b). Roughly 24,000 of these facilities are independent pharmacies, which collectively spend approximately $93 billion per year on branded and generic drugs, Ajjarapu noted. Trxade is expanding its own B2B member network by 100 to 125 independents each month.

Trxade’s acquisition of independent Community Specialty Pharmacy LLC in 2018 was a major milestone and increased company revenues by nearly $400,000 in the fourth quarter, as Ajjarapu detailed in a news release highlighting key accomplishments for the year (http://ibn.fm/WuIlh).

“This acquisition is key to our strategy in expanding our capabilities in the consumer market of direct purchasing, mail order and physical delivery to consumers. We are seeking to improve the efficiency of selling and buying, as well as customer experience, by integrating e-commerce, brick and mortar retail, and logistics,” Ajjarapu stated in the release.

Founded in 2010 and headquartered in Tampa, Florida, Trxade’s overarching corporate strategy is to penetrate the existing retail independent pharmacy marketplace and diversify the company’s pharmaceutical mix with additional specialty and acute care products.

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

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Celebrates Milestones as it Builds Oil Production from Desert Tar Sands Using Earth-Friendly Tech

  • Petroteq Energy is leasing property at a bituminous asphalt resource in Utah’s eastern desert to develop its first-in-kind oil extraction technology for commercial use
  • The company began delivering oil to its regional market in November after months of buildup and is in the process of increasing the amount of quality crude it produces to 1,000 bpd
  • Petroteq recently reported consistent production of over 500 bpd
  • The company has also shown its flexibility in responding to refineries’ demand for differing gravities of crude

Oil and gas industry technology developer Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) announced significant milestones as it closed out the year’s first quarter, reporting continuous production at a rate of over 500 barrels per day (bpd) and the sale of two loads of barrels of heavier-than-usual crude at an API gravity of 17 from its eastern Utah facility.

The company’s March 28 announcement about the production rate (http://ibn.fm/YTaXB) noted that the continuous 500 bpd production benchmark demonstrates the commercial viability of its first-in-kind technology, which is patented in the United States and Canada to extract oil from tar sands in a closed-loop, environmentally friendly manner and will help the company generate confidence when it seeks licensing opportunities in coming years.

The technology uses a process of mixing oil sands with a solvent solution and then transporting the mixture to a mill. At the mill, the ore mixture is crushed to make the oil disperse better in the solvent. The batch then undergoes a separation process before the fluid is pumped out to where the mixture’s solids can be removed. The remaining fluid is then pumped out and distilled through a heat process that separates the solvent from the oil. The oil is then stored in tanks, while the evaporated solvent is reclaimed for use once again in the mixture bin.

Petroteq has produced 10,000 barrels from its Asphalt Ridge pilot facility using the technology and is storing unsold crude in tanks at the Utah site. The company began selling its oil to regional markets in November.

Utah contains about 55 percent of the total oil sands deposits in America. The U.S. Department of Energy estimates that there are more than a trillion barrels of oil in the desert sand and shale formations in the state, as well as in neighboring Colorado and Wyoming (http://ibn.fm/vJ6NT). Petroteq believes that its lease contains 87 million barrels that it can extract over the next 20 to 30 years.

Analysts at Global Market Insights estimated the worldwide market for the asphalt bitumen that comprises the desert oil sands’ fuel resource to be $84.3 billion in 2017, with growth potential of over 3.7 percent through 2025 (http://ibn.fm/c2hs9). The vast majority of this resource (over 80 percent) is expected to be used in building and maintaining roads, with another significant amount used in waterproofing applications such as roofing materials, and the market is expected to record a CAGR of 4 percent between 2018 and 2025.

The Asphalt Ridge facility underwent recent expansion designed to allow it to produce up to 1,000 bpd, which Petroteq expects to achieve within eight weeks. CEO David Sealock said that the company expects to move the facility into Phase 2 of its production life cycle later this year, which would include building toward 4,000 bpd (http://ibn.fm/vA4Tf).

The announcement that the company had sold two loads of 250 barrels of API 17-degree oils noted a departure from the 35-degree barrels that it had sold previously and an ability to respond to demand for heavier oils from U.S. refineries.

“Through recent refinements at our Asphalt Ridge facility, we are now able to produce a heavier crude oil (API gravity 17) having a relatively low sulfur content and a low sediment factor (i.e. below .005% BS&W),” Sealock stated in a news release (http://ibn.fm/kkd1b). “This in my view showcases our technology’s flexibility to meet changes in market demand in a way that maximizes our bottom line. We are looking forward to a year of stable and growing production from our Asphalt Ridge facility.”

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

Hemptown USA Plans Exponential Expansion of Growing Capacity in 2019

  • In 2019, Hemptown USA expects to work on expanding its growing capacity to ensure the production of over one million pounds of biomass
  • This is a part of the company’s expansion strategy, which aims to boost Hemptown’s hemp farming capacity to 2,500 acres by 2020
  • Hemptown is also working on the development of its premium CBD and CBG oil products, as well as isolates

Hemptown USA, a proven grower of full-spectrum hemp biomass, anticipates a significant growing capacity expansion in 2019, as detailed by company founder and chairman Rod Wolterman in a CFN interview (http://ibn.fm/vErJU). According to Wolterman, Hemptown farmed 110 acres in 2018. The enterprise anticipates scaling up in 2019 to reach a capacity of 1,000 to 1,500 acres. This capacity is expected to enable Hemptown to produce in excess of one million pounds of biomass.

This announcement is in line with the Hemptown USA growth strategy. By 2020, the company expects to boost its hemp farming footprint to 2,500 acres located in several states. In addition, more emphasis will be placed on increasing the in-house CBD and CBG extraction capabilities. Through strategic partnerships, the company also anticipates expanding its distribution and growing operations globally.

Hemptown focuses its efforts on multiple cannabinoids, going beyond CBD. The company has a proprietary genetics program with strains that are high in various alternative cannabinoids like CBG and CBN. Currently, Hemptown holds an agreement for one million rare CBG seeds to be grown in 2019 and the coming years.

The premium seed genetics ensure concentrations of THC that remain below 0.3 percent and a high CBD yield of up to 20 percent. Due to strategic partnerships and access to rare seeds, Hemptown aims to establish itself as a leading CBG producer in 2019.

CBG is currently considered a minor cannabinoid, because it’s not present in large quantities in traditional plants. Cannabinoid manufacturers are carrying out genetic programs to modify strains and maximize yields. In terms of health benefits, CBG produces results that are comparable to those of CBD. It has a positive impact on the functioning of the endocannabinoid system – a mechanism that works to keep the body in a balanced state of homeostasis. Research suggests that CBG is an effective option for the treatment of glaucoma (http://ibn.fm/q9P4z) or inflammatory bowel disease (http://ibn.fm/3UrPx), is a powerful antibacterial agent (http://ibn.fm/E1abH) and may even have some cancer fighting properties (http://ibn.fm/jRCoq). Scientific work is ongoing to identify the full scope of CBG effects, as well as the health benefits resulting from a combination of CBG and other cannabinoids.

In 2019 and the years beyond, Hemptown anticipates being capable of producing custom, proprietary and full-spectrum CBD and CBG oils, as well as isolates.

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

Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Names New Executives, Launches Mango CBD Relief Gummies

  • Plus Products recently announced new executives and outlined their experience
  • Mango CBD Relief gummies are already at some California retailers
  • PLUS product line ranked number one for cannabis-infused edibles in retail sales and units sold

Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) has named Jon Paul as its new CFO, reporting to co-founder and company CEO Jake Heimark. Previously, Paul was CEO and founder of Value-Added Finance Resources, an advisory firm. He replaces Craig Heimark, who has been named PLUS’ chief strategy officer. Heimark remains as chairman, secretary and director of the company (http://ibn.fm/8dYxc).

Paul has more than 30 years of experience in senior financial management. Jake Heimark said in a news release that Paul brings with him invaluable knowledge of global financial strategy, robust systems and procedures and strategic planning in rapidly scaling businesses. He also has experience in the discipline of buy-side M&A strategy through integration.

In addition, Jake Heimark praised Craig Heimark for his deep international business experience. Craig Heimark has served as the company’s CFO since PLUS was founded through its public offering. In a news release, Jake Heimark added, “As both a colleague and his son, I look forward to continuing to work with Craig at PLUS.”

PLUS also recently debuted mango CBD Relief gummies, with each gummy containing 4.5mg of CBD and 0.5mg of THC. The product is already available at some of the more than 250 retailers in California that carry the PLUS line (http://ibn.fm/CWrfi). The company plans to retire its pineapple and coconut CBD Relief product in a coordinated campaign with retailers.

PLUS is a leading brand in California. The company announced earlier that BDS Analytics’ retail sales data reported that its product lines were the number one cannabis-infused edibles brand in retail sales and units sold in Q3 and Q4 of 2018 (http://ibn.fm/Nxtsr).

“California’s consumers have made PLUS a leading cannabis brand in the state,” Jake Heimark added in a news release. “Direct feedback from consumers in California, which is the largest and most competitive cannabis market in the world, will enable brands like PLUS to have a significant product edge when launching products in other jurisdictions. If you win California, you can win the world.”

San Mateo, California-based PLUS is a cannabis-infused, branded products manufacturer selling to regulated medicinal and adult-use recreational markets exclusively in California. PLUS is focused on building the largest cannabis brand by growing organically and through acquisitions.

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

Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Expands Cannabis Footprint in Europe with Key Acquisition Agreement

  • Wildflower Brands is poised to take its cannabis brand into Europe, beginning with Poland, thanks to its recently announced arrangement with major pharmaceutical distributor Two Towers
  • Analysts anticipate a coming cannabidiol (CBD) boom in Europe, where related products are only just beginning to gain attention
  • This and other acquisitions are seen as the first steps in Wildflower’s carefully planned strategy for international growth

An agreement between wellness brand builder Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) and wholesale medicinal product distributor Two Towers indicates that doors are opening to a potential array of important new markets for Wildflower as the company builds on its partner’s established capabilities. Two Towers, a major wholesale prescription medical and over-the-counter wellness distribution company in Poland, is an extension of Omega Rex, a group of 14 pharmacies around the central capital region of Warsaw, with critical expertise in dealing with the regulatory process. Two Towers, with operational relationships throughout Europe as well as other parts of the world, distributes products from an extensive list of global leaders in pharmaceutical and consumer packaged goods.

Two Towers specializes in powdered food for children and other baby nutrition products, including medications, nutritional supplements and fast moving consumer goods (“FMCG”). The initial Two Towers agreement will allow Wildflower to begin marketing its CBD+ line of products in Poland, with a view of launching into the entire European Union as Wildflower Wellness cannabidiol products establish themselves on a solid footing.

“The European market is fragmented with no CBD market leaders,” Wildflower CEO William MacLean stated in a news release announcing the agreement (http://ibn.fm/RXZHB). “Our agreement with Two Towers vastly reduces barriers to moving our products between member states. This will position Wildflower as a market leader as the EU members begin opening their markets to CBD.”

Market analysts at the Brightfield Group recently reported a market forecast that envisions a boom in the European cannabidiol market during the next four years. The market is expected to grow by more than 400 percent from an estimated $318 million in sales last year as cannabidiol products begin to take hold there (http://ibn.fm/wqFy6).

“CBD is just starting to take hold in Europe, with both product availability and consumer awareness still quite limited,” Brightfield Managing Director Bethany Gomez stated in a release. “This is a great opportunity for developed brands to enter and expand through Europe with far less competition than we’re seeing in the U.S. With the Novel Foods Act, it is a challenging legal environment to operate in, but impending regulatory changes are likely to smooth the way for significant mid-term growth.”

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

Sharing Services Global Corporation (SHRG) Reports Continuing Record Revenues, Growing International Presence

  • Sharing Services Global Corporation is leveraging its products and services industry ownership and controlling interests to expand sales internationally, starting with Canada
  • The company has pioneered the “elevating” mission of its independent sales associates under the home-based entrepreneurship strategy of its Elepreneur division
  • Through Elepreneur and the company’s Elevacity wellness product line, SHRG reported ongoing record monthly sales through the end of its third quarter in January, with the latest tallies showing continued growth in March

Direct sales-focused home-based entrepreneurship company Sharing Services Global Corporation (OTCQB: SHRG) is continuing to rack up monthly revenue records as it nears the end of its first full year since launching wellness division Elevacity Global with its Elepreneur sales associate subsidiary.

The company’s third quarter report, tallying progress through the end of January 31, 2019, showed sales of $25.9 million with a gross profit of $17.59 million (http://ibn.fm/qQet4) and sales revenues of over $64 million since the company launched its products in December 2017. Sharing Services Global reported another $10.4 million in sales revenues for the month of March as it approaches the end of the final quarter (http://ibn.fm/xWpF8).

CEO John “JT” Thatch highlighted the holding company’s global expansion goals as he announced the revenues in a news release, stating, “March sales revenues are proof that our ‘Blue Ocean Strategy’ is being well accepted in the direct selling marketplace. We look forward to closing out our year-end this month, while expanding into Canada for further growth opportunities.”

The ‘Blue Ocean Strategy’ comment refers to a business theory through which companies work to establish their own market spaces where they can secure and steer revenues in the spaces’ competition-free “blue oceans.” Its corollary is the “red oceans” bloodied by businesses battling for the same bite of the consumer pie in the markets of more traditionally defined industries (http://ibn.fm/7u0Vd).

Sharing Services Global owns, operates or controls an interest in a variety of companies that either sell products directly to the consumer or offer services that respond to insurance, health and wellness, energy, technology, training, media and travel benefits needs.

The company is focusing on its international expansion strategy this year, as exemplified by its first Elepreneur independent sales associate event in Canada, scheduled to take place May 3-4 in Ottawa, Ontario (http://ibn.fm/VrCiK). The Elepreneur division notes that its largely female demographic of salespeople aligns with a Direct Sellers Association of Canada report that 82 percent of the country’s 1.3 million independent sales consultants are women.

The addition of Chief Marketing Officer Clare Holbrook to the company’s executive team earlier this year further established SHRG’s international pursuits; the direct sales industry veteran is an “international polyglot” able to communicate effectively in five languages. She has worked and lived throughout the United States, United Kingdom and the European Union, providing marketing leadership on four continents and more than 20 countries.

Elepreneur’s growth has been featured multiple times in articles by direct sales media outlets, including Business for Home, which recently advanced an interview with company CEO Robert Oblon in Networking Times (http://ibn.fm/afaPn). SHRG was originally formed to develop and market a taxi-ride sharing website and application, but began its exponential growth in February 2017 when it expanded its business model to include travel and technology management products and services. It then added its Elevate nutraceutical wellness product line through Elevacity in December 2017, followed by additional acquisitions and purchases of equity interests designed to position it as a global sales leader.

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

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

From Our Blog

Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) Set to Capitalize on North American Push to Secure Rare Earth Supply Chains

December 24, 2025

Disseminated on behalf of  Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) and may include paid advertising. A wave of recent investment announcements across the United States is underscoring how rare earth elements have moved from niche commodities to strategic priorities. From refining facilities in Louisiana to magnet recycling hubs in Texas, governments and companies are […]

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