• Average daily GreenBox transaction volume projected to reach $1 million by 4Q2018
• Recently announced completion of parent company takeover, ensuring that all assets are now transferred onto GRBX’s books as planned
• Acquisition of Sky Mids Technologies includes Sky’s book of transactional business capable of processing greater than $1 billion annually
• Global point-of-sale terminals market expected to reach $116 billion by 2025 with a CAGR of 9.9 percent

Hardware and software technology company GreenBox POS, LLC (OTC: GRBX) continues to meet its strategic goals head-on with a well-stocked suite of flagship products, services and custom hardware. The company recently completed the transfer of all business and assets of its parent company onto GRBX books in a transition that Executive Vice President Ben Errez said was accomplished without disrupting normal operations.

“We had a challenge delivering all the required disclosures on time. I am happy to see that the added effort paid off and the process was successfully completed,” Errez stated in a news release regarding the takeover (http://ibn.fm/7NR7H). “Our goal of being completely transparent with our shareholders, investors, and the market is a top objective for the company, and new procedures and additional staff will ensure this goal moving forward.”

The recent acquisition of Sky MIDS Technologies also brings not only Sky’s staff of highly qualified engineers to the GreenBox team, but the potential to greatly expand the company’s point-of-sale business. Sky’s transactional book of business, capable of processing over $1 billion annually, is selectively being added to GreenBox’s infrastructure volume, as detailed in a recent news release (http://ibn.fm/9GMHo).

“We have been working with Sky for a while now and are thoroughly impressed with their technology and capabilities,” Errez stated in the release. “Their engineers are top notch and I am confident the synergy will continue to add to the plethora of new technologies we have brought, and will continue to bring, to market. GreenBox’s unparalleled infrastructure sets new and much higher expectations by both businesses and consumers. Following the Sky acquisition, we will be able to accelerate the pace by which the thousands of new business applications are processed, and the best selected to join our ecosystem and enjoy the benefits of our technology.”

GreenBox flagship products, services and custom hardware answer today’s call for portability, protection, security, accessibility and convenience, with all records stored on blockchain and data reliably secured and protected. For instance, the QuickCard Kiosk handles all cash management issues, physical and virtual (http://ibn.fm/Fkpew). The Kiosk, integral to the QuickCard payment platform, performs direct and immediate deposits from cash to blockchain and confirms bank account availability instantly. The GreenBox POS software is fully integrated with delivery and payment systems and features front register mode and back-end admin mode, in addition to super-admin mode to manage employees, vendors, expenses, taxes and compliance. The LOOPZ delivery software solution offers service dispatcher back-end technology with manual and automatic modes. Its unique design gives mobile delivery service operations full autonomous dispatch capabilities with two mobile apps (driver and consumer) running on Android and iOS.

The global point-of-sale terminals market is expected to reach $116 billion by 2025, growing at a CAGR of 9.9 percent during the forecast period, according to Grand View Research, Inc. (http://ibn.fm/yzPyE). A significant surge in demand for affordable wireless technologies and mobile point-of-sale terminals, which decrease the cost of operation for retailers and provide better reliability, is underway among end users, per the report.

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

• Completion of full audit for fiscal year ended March 31, 2018
• Close of three-year audit required to become fully reporting company with SEC
• Plans afoot to uplist to a higher OTC Markets tier

Cannabis Strategic Ventures, Inc. (OTC: NUGS) wants to be an open book. The company has announced the completion of a full audit for its fiscal year ended March 31, 2018. This marks the close of the three-year audit required as a condition of becoming a fully reporting company with the U.S. Securities & Exchange Commission (SEC). Cannabis Strategic Ventures will utilize the audit results to file future reports and disclosures with the SEC and move the company to fully reporting status. The company will also use the fully reporting status to uplist to a higher OTC Markets tier (http://ibn.fm/aHlVj).

The OTC Markets in some ways resemble traditional debutante balls, for they allow investors an introductory look at public companies by publicizing information about the companies and their securities prices. A company that wants to appear on an OTC Market – OTCQX, OTCQB or Pink – must get its securities to be the subject of broker-dealer quotes on OTC Link ATS. To quote a company’s securities, a broker-dealer must seek approval from the Financial Industry Regulatory Authority (FINRA) by submitting a Form 211. Unlike on the senior stock exchanges, such as the NYSE or the Nasdaq, OTC companies do not list their own stock for trading. Rather, the securities are quoted on OTC Link ATS. Consequently, securities appearing on the OTC platforms are, strictly speaking, “quoted” not “listed.” Moreover, securities quoted on the OTCQX, OTCQB and Pink markets may trade without being registered with the SEC.

Being “quoted” is, typically, the first step toward being “listed,” which offers many advantages for a company’s securities, including better price determination and increased liquidity. Holders of the securities also benefit from increased information about the company, which becomes mandatory, as well as access to an orderly marketplace, the reassurance of regulatory oversight and the availability of trading information and pricing. As it heads for fully reporting status, NUGS’ securities are set to benefit from this increased transparency.

The company, based in Los Angeles, California, focuses on supporting entrepreneurial growth within the fast-growing legal cannabis sector, and it has embarked on a number of ventures that align with that initiative. Together with True Promise Beauty, the company will be developing a new line of cannabidiol (CBD)-based luxury skin and hair care products – LYXR – from ingredients like hemp-derived phytocannabinoids and other natural components (http://ibn.fm/Il4aa).

Additionally, Cannabis Strategic Ventures recently announced its acquisition of The Asher House Pet CBD brand, a line of U.S. hemp-derived cannabidiol (CBD) supplements for pets, which targets a market vertical that’s becoming increasingly popular (http://ibn.fm/HOD3O). The company also acquired the hemp-based brand Fitamins CBD, which provided a line of vitamin and hemp-derived CBD products that will be distributed through a network of 600+ wholesalers serving the Asian-American market (http://ibn.fm/Cgdye).

Cannabis Strategic Ventures also offers bespoke personnel solutions to match the growth dynamics of cannabis cultivators, manufacturers, dispensaries and other cannabis marketplace participants. Earlier this year, it announced a definitive agreement to acquire all issued and authorized shares of Worldwide Staffing Group, Inc. (Worldwide). The acquisition is expected to boost revenues substantially. For 2017, Worldwide’s revenues were approximately $1.5 million (http://ibn.fm/xjeuV).

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

• NUGL pressing first mover status with wide array of search variables for cannabis consumers
• Recent “Stock Day” interview and sales VP addition highlight company’s increasing exposure to marketplace
• NUGL exceeds estimates for application downloads and sign-ups

NUGL Inc. (OTC: NUGL), an internet-based search engine that gives cannabis users a responsive directory specialized to their need to find outlets with defined products, is continuing to roll out new features, including options that allow members to share comments on their results, as the company prepares to monetize its operations with new growth.

“We are getting into the market very methodically. We are gaining users and brands. We are putting together some strategic alliances. It’s going good,” C.J. Melone, the company’s technical engineer of software programming, told “Stock Day” host Everett Jolly in a recent interview (http://ibn.fm/y9mIU).

“We built an application that addresses every type of business in the 420 sector, such as services from a CPA or a real estate agent. We cover dispensaries and hydro-stores, and we really focus on a brand – for example, a new vape pen coming out or a new strain of marijuana,” Melone continued. “We are growing every day. We are not trying to do things on a whim. We are in this for the long haul.”

NUGL is the cannabis industry’s first search app and online directory offering metasearch power with unbiased search results that don’t foster paid placement listings or preferential outside reviews. The search engine serves an international market without geographic borders and offers users a simple way to verify the cannabis brand retailers closest to the consumer with the desired products or services, including ancillary services such as medical or legal help.

The growth of client traffic and application downloads has advanced the possibility of advertising placements that will include featured listings, pulsating icons on the map, unobtrusive pop-ups for messages and internal “blasts” to users. Melone said that the company is beginning to accept advertising to monetize its app and will look at other options after about 30 days as it analyzes usage.

“The challenge is always marketing and gaining those eyeballs. And then the second challenge, that we are doing pretty well with, is really educating people… and really teaching these brands how to become more sophisticated and market their product and bring it to market. A lot of things that they can do in the industry they can simply can do in the software,” Melone added.

The company builds profiles that also link marijuana industry insiders with each other in a B2B capacity, allowing new ventures access to a network that might otherwise be hard to establish. Melone noted that the app has a lot of the same features offered by larger competitors, but “with the B2B application that we offer on the back end, in the cannabis space we really don’t have any competition yet.”

Melone expects that to change, making NUGL responsible for staying relevant and responsive to its users. The company grew fast at launch thanks in large part to a social media presence that reached about 10,000 followers in its first month (http://ibn.fm/uHaj7).

NUGL also recently announced its decision to bring Bob Waters on board as vice president of sales (http://ibn.fm/VMc4b). Waters, the former associate publisher and sales director of Culture Magazine, exemplifies the quality of the company’s executive leadership and its foundation in advertising and sales.

“I’m a firm believer in the value of building and protecting an excellent reputation,” Waters stated in a news release. “When I was first introduced to NUGL and read the company’s philosophy, ‘for the people by the people,’ it raised my interest. I started to learn more about what NUGL is building and the company’s long-term goals and thought, I really want to be a part of this, and so I am. Culture Magazine has been great to me and we plan to work with them in the future.”

For more information, visit the company’s website at http://ibn.fm/NUGL

• Petroteq has commenced commercial production at its Asphalt Ridge oil extraction facility in Utah
• Initial production at Asphalt Ridge is anticipated to reach 1,000 barrels of oil per day, with production expected to increase to as much as 8,000 BPD by 2021
• The company has been recently featured by various major news outlets, including The New York Times

From Fox Business (http://ibn.fm/ypnVV) to The New York Times (http://ibn.fm/PEXV4), oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: A2DYWC) has been making headlines in a big way. What is all the buzz about? Petroteq has pioneered a sustainable and environmentally safe technology for extracting heavy oils from oil sands, oil shale deposits and shallow oil deposits—the first of its kind in the industry.

In a recent published statement from CEO David Sealock, the company announced that it has commenced commercial production at its Asphalt Ridge facility in Utah utilizing this game-changing technology, is approaching a production capacity of 1,000 barrels per day and is on the cusp of putting its oil on the market (http://ibn.fm/ERLkB).

For decades, major oil companies have attempted, unsuccessfully, to tap into these rich oil shale and oil sands deposits in Utah in a financially sound and environmentally friendly way. The Petroteq team, armed with the company’s patented extraction technology, is the first to viably unlock these resources.

The oil sand and shale reserves of Utah and its neighboring states are thought to be the largest untapped reserves in the U.S., and Petroteq is the pioneering company that holds the key to unlocking these valuable deposits.

“That is why what we are doing is so important – we are spearheading a movement that helps towards the goal of the United States becoming energy independent,” Petroteq CEO David Sealock said in his statement (http://ibn.fm/rphNH).

While the initial production capacity for the Asphalt Ridge facility will be 1,000 barrels of oil per day, Petroteq anticipates that this will grow to as many as 8,000 barrels per day by late 2020 or early 2021 (http://ibn.fm/vWq1K). According to an article recently published in The New York Times discussing Petroteq’s groundbreaking technology, that output could reach 10,000 barrels per day within 25 years (http://ibn.fm/vVE1u).

If Petroteq’s Asphalt Ridge facility performs as expected, the sky could be the proverbial limit for the company as it turns its sights on other oil-rich locations in the U.S. and on shallow oil sands deposits elsewhere in the world. Petroteq is already in talks regarding possible joint ventures and licensing agreements with companies in Colombia, Australia, Venezuela and Trinidad and Tobago.

Petroteq recently discussed its patented, pioneering technology in a presentation at The MicroCap Conference in New York City (http://ibn.fm/hOkN1). As the buzz continues to swarm around this revolutionary company, 1,000 barrels of oil per day could be just the tip of the iceberg.

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

• U.S. Drug Enforcement Agency’s (DEA) decision to remove certain CBD products from its Schedule 1 list of controlled substances will make CBD clinical studies easier to plan
• ETST’s pipeline includes CBD-based pharmaceutical formulas; company expects its pure hemp oil and new formulas to eventually be sold worldwide
• ETST will be a licensed distributor and plans to work closely with pharmacists and researchers to serve this market; it plans to launch two CBD nutraceutical formulas

Earth Science Tech, Inc.’s (OTCQB: ETST) anticipation that its pure hemp oil and new formulas will eventually be sold globally and that it will be a licensed distributor and will work closely with pharmacists and researchers to serve the cannabis market has been strengthened by the DEA’s recent decision on CBD (http://ibn.fm/47mHo).

The DEA decided to remove some CBD products from its Schedule 1 list of controlled substances. It voted to reclassify FDA-approved drugs that contain cannabis-derived CBD and contain less than 0.1% tetrahydrocannabinol (THC) as Schedule V, the lowest restriction classification.

ETST sees this ruling as an opportunity. In a news release, Dr. Michel Aubé, CEO and chief science officer of ETST, said, “In 2018, we have a much deeper understanding of cannabinoids, cannabinoid-receptors, and the endocannabinoid system than we did decades ago when CBD was classified as a schedule 1 drug. We are pleased to see that the DEA has shifted its stance amid conclusive evidence that CBD is not addictive but has both anti-psychotic properties and the opposite effect of THC.”

ETST is a biotech company based in Doral, Florida, marketing and developing CBD products for the pharmaceutical and nutraceutical fields. The company is focused on the cannabidiol, pharmaceutical and nutraceutical sectors, as well as the development, through subsidiaries, of medical devices and research. ETST’s goal is to become a world leader in the CBD space.

ETST has announced that it will soon launch two CBD-based nutraceutical formulas under a provisory patent. These include a neuron protector and a breast protector. The company is also developing a new brand for these formula patents.

The company said that the Quebec Agrifood Innovation Center (QAIC) is completing the standardization of the formulas. By the end of October, TransBiotech is expected to conduct in vitro testing of the biological activities of the formula, comparing the level of protection offered by ETST’s hemp oil alone versus its hemp oil with other natural ingredients.

Nickolas S. Tabraue, president and director of ETST, added, “The results obtained from TransBiotech will help us understand the mechanism of action of CBD and will open the doors for the research needed to develop revolutionary CBD-based pharmaceutical drugs.”

ETST holds several wholly owned subsidiaries. Cannabis Therapeutics is an emerging biotechnology company. KannaBidioiD manufactures and distributes in the recreational sector. Earth Science Foundation, Inc. is becoming a non-profit and accepts grants and donations to conduct additional studies. Earth Science Pharmaceutical develops medical diagnostic tools and vaccines. ETST also formed subsidiary Canno Inno Laboratories Inc., a strategic Montreal, Canada-based company that provides ETST with access to government grants.

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

• Youngevity is a top omni-direct lifestyle business
• The company is leveraging growth opportunities related to cannabidiol oil
• Company added two new hemp-derived cannabidiol products, expanding HempFX line to five offerings

Youngevity International, Inc. (NASDAQ: YGYI) is among the ‘Top 100 Global Direct Selling Companies’. Along with unique services, Youngevity offers products from the top selling retail categories. These categories include health/nutrition, home/family, food/beverage, spa/beauty, fashion, essential oils and photo. The company distributes its products and services via a worldwide network of preferred customers and distributors. A foremost omni-direct lifestyle company, Youngevity International has its corporate headquarters in Chula Vista, California.

Youngevity offers a hybrid of the direct selling business model. This model encompasses person-to-person selling relationships, which consist of a “network of networks.” This model additionally offers e-commerce and the power of social selling. The company offers a host of consumer products and services. This includes its diverse gourmet boutique coffee blends from wholly-owned subsidiary CLR Roasters. CLR Roasters’ products are produced through a vertically integrated “farm-to-cup” pipeline.

Furthermore, Youngevity is in the process of entering the cannabis market. The company’s plant-based nutrition experts are guiding its team toward the development of a complete line of proprietary hemp-derived cannabidiol oil products (http://ibn.fm/GZFUo).

Cannabidiol supplements are set to burst out ahead of biopharma as the Farm Bill legalizes hemp. This is according to CannabisNewsAudio, which recently announced an Audio Press Release (APR) regarding this milestone featuring Youngevity International, Inc. Furthermore, the complete legalization of recreational marijuana is set for Canada this month, so opportunities exist in this marketplace (http://ibn.fm/qWZvA). In addition, cannabis is swiftly moving toward decriminalization throughout the worldwide marketplace.

Youngevity International is positioned to take advantage of growth opportunities to serve the new demands of consumers. The company just announced the expansion of its HempFX line with the launch of two new hemp-derived cannabidiol products: HempFX Hydration – Sleep and HempFX Hydration – Pure. In a news release, Steve Wallach, chief executive officer of Youngevity International, said, “Plant-based nutrition is fundamental to our product development philosophy. That’s why we’re especially excited to enter this rapidly growing market with two new products.”

The company is employing its “field-to-finish” strategy regarding its hemp-based cannabidiol business. This strategy is much akin to its coffee business strategy and involves a complete approach to cultivation, production and distribution. Strict quality control is the primary aim.

The company’s new proprietary HempFX line of hemp-derived cannabidiol oil products perfectly complements its product development philosophy. With this philosophy and its business strategy, Youngevity International foresees growing revenue opportunities across the vertical as it innovates with pioneering products and services.

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

• Vertically integrated company presents an international approach to the multibillion-dollar cannabis industry
• Cannabis Strategic is currently developing a CBD-based luxury skincare and haircare line with True Promise Beauty, slated for release during winter 2018
• Company is focused on acquisition, incubation and development of startup and growth-stage cannabis companies

Cannabis Strategic Ventures, Inc. (OTC: NUGS) is a Los Angeles-based firm offering a battery of services to help launch and grow emerging and existing cannabis brands. The company’s chief focus is acquiring, incubating, developing and partnering with startup and growth-stage companies in the cannabis industry, as well as ancillary sectors across the globe, providing them with capital, consulting services and other assistance to help them become category leaders in the cannabis market.

Through the ongoing expansion of its portfolio of brands and hard assets, Cannabis Strategic provides a public vehicle for investors seeking to invest in a vertically integrated company that approaches the cannabis and cannabidiol (CBD) industry from an international standpoint. The company’s portfolio is more than merely a series of companies; it is a network comprised of supportive founders and entrepreneurs who work together as a family.

The company’s product portfolio includes:

• Halo Filters: Innovative filter material designed to protect the lungs from harmful toxins and chemicals;
• Fitamins: Proprietary joint formula infused with CBD to enhance health and wellness;
• The Asher House CBD: Whole plant-based CBD for pets; and
• Pure Organix: Premium cannabis oil sourced from top-quality flowers.

Cannabis Strategic’s subsidiaries include Worldwide Staffing Group, which operates within the company as an independent and separate wholly owned subsidiary, offering non-cannabis-related employment and staffing services. Pure Applied Sciences, another of the company’s subsidiaries, produces the Pure Organix product line and represents a broad portfolio of ultra-high-quality products, excelling at complying with Current Good Manufacturing Practices (cGMP) and meeting FDA guidelines for active pharmaceutical ingredients (API).

The company also recently announced that it has forged a strategic partnership with True Promise Beauty to develop a new line of CBD-based luxury skin and hair products called ‘LYXR’ (http://ibn.fm/RXpbW). This new product line will be developed using phytocannabinoids and other natural components and is slated to be available for purchase in early winter 2018. Under the terms of the agreement between Cannabis Strategic Ventures and True Promise Beauty, Cannabis Strategic has acquired access to a proprietary hemp-derived CBD-infused formula developed by True Promise Beauty and has also gained access to well-established distribution channels.

Cannabis Strategic continues building its robust portfolio and helping to cultivate leading brands within the cannabis space, along with other prime services offered through its subsidiaries.

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

• Company achieves positive proof of concept in Phase IIa study of its lead product candidate, Bria-IMT, in advanced breast cancer patients
• Efficacy data comparable to that of other approved breast cancer therapies in a similar stage of development
• Combination study with immune checkpoint inhibitors in the works, enrollment already open

BriaCell Therapeutics Corp. (OTCQB: BCTXF) (TSX.V: BCT), a clinical-stage biotechnology company focused on the development of proprietary targeted immunotherapy for advanced breast cancer, has achieved proof of concept and reported promising results from a Phase IIa study of its lead clinical candidate, Bria-IMT.

Study data indicates promising anti-tumor activity for Bria-IMT in heavily pre-treated advanced breast cancer patients, according to a company press release (http://ibn.fm/fXxxL). Additionally, results highlight the outstanding safety and tolerability of BriaCell Therapeutics’ lead product candidate, with efficacy data similar or superior to other approved breast cancer drugs that are in a similar stage of development.

“This top-line data compares very well with data from existing breast cancer therapies which have a sizable market share when they were at a similar stage of clinical development, as well as with other promising breast cancer treatments currently under study,” BriaCell CEO and President Dr. Bill Williams stated in a news release.

A total of 31 patients with advanced stage breast cancer were enrolled in the Phase II Bria-IMT monotherapy study. The proof of concept and mechanism of action work is based on the results observed in the first 20 patients, while assessment of the remaining 11 patients is still in progress.

The preliminary data seems to confirm the company’s HLA Matching Hypothesis and support its strategy for the development of Bria-OTS, the first off-the-shelf personalized immunotherapy for advanced breast cancer, designed to provide treatment without the high costs and difficult manufacturing generally associated with personalized therapies. The technology is applicable to other types of cancer, as well.

“Bria-IMT appears to be most effective in patients who match with Bria-IMT at 2 HLA loci (types) further supporting BriaCell’s HLA Matching Hypothesis, and the development of Bria-OTS to cover 90% of the patient population,” Williams added. “We are delighted with these positive clinical findings that confirm our HLA Matching Hypothesis in the Phase I/IIa trial in advanced breast cancer showing significant tumor shrinkage without serious side effects.”

The company has launched a Phase IIa combination study of Bria- IMT with pembrolizumab – marketed as Keytruda and manufactured by Merck & Co., Inc. (NYSE: MRK) – or as ipilimumab – marketed as Yervoy and manufactured by Bristol-Myers Squibb Company (NYSE: BMY) – in advanced breast cancer. The combination study is listed on ClinicalTrials.gov as NCT03328026.

These checkpoint inhibitors, pembrolizumab (anti-PD-1) and ipilimumab (anti-CTLA-4), have come to the forefront in the fight against cancer with substantial benefits for some patients. Most recently, the significance of immune checkpoints was recognized by the Nobel committee, which awarded Drs. Honjo (PD-1) and Allison (CTLA-4) with the 2018 Nobel Prize in Physiology or Medicine.

“In our view, the combination of Bria-IMT with Keytruda or Yervoy has the potential to provide a new therapeutic option and substantial clinical benefit in heavily pre-treated advanced breast cancer patients where there remains a significant unmet need,” Williams explained.

With the global cancer immunotherapy market expected to reach nearly $120 billion by 2021 (http://ibn.fm/WVGZ0) and with more than 266,000 new cases of invasive breast cancer expected to be diagnosed in the U.S. this year (http://ibn.fm/qkuk8), BriaCell believes that it can leverage its proprietary technology to address the needs of the breast cancer medication market and also develop immunotherapies for other cancer indications in the near future.

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

• Global oil and gas equipment industry projected to be worth $205 billion by 2020
• 665 Energy’s three subsidiaries now integrated under new holding company with combined revenues of $12.6 million
• Expansion plans include move into oil drilling rig acquisition, refurbishment and resale business
• Financial audit underway with plans to become an SEC reporting standards company and move to OTCQB in Q4 2018

665 Energy, Inc. (OTC: SSOF), a holding company in the oilfield equipment and supply industry with facilities in Oklahoma, Germany and Dubai, specializes in supplying oilfield equipment, drilling rigs and drilling pipe. A recent name change from 66 Oilfield Services is designed to distinguish the corporate structure of the holding company from its three operating companies: Five Star Rig and Supply; Oklahoma Rig Fabricators; and 66 Oilfield Services, according to a recent news release (http://ibn.fm/2Bkeu).

The global market for oil and gas equipment is expected to grow from its current $194 billion to $205 billion by 2020, research firm Statista reported (http://ibn.fm/SqyGB). Jason Clayton, president and CEO of 665 Energy, noted in a news release that the company is moving into a new era that he expects will be beneficial for stakeholders. The company is proceeding with plans to partner with a rig debt financing company to fund the purchase of 11 identified oil drilling rigs – six 2,000 HP Rigs and five 1,500 HP Rigs – for a total of $40 million.

“This action represents an incredible opportunity to jumpstart the next phase of growth and expansion,” Clayton explained, noting that the company expects to sell each of the 2,000 HP Rigs at a base case of $13.75 million and the 1,500 HP Rigs at a base case of $8.5 million, all within six months of purchase. Once the cumulative transactions are complete, Clayton said that the company predicts the base case scenario will total $125 million with a net profit of $63.4 million before financing cost (http://ibn.fm/VOTyi).

Clayton comes to 665 Energy following the acquisition of Fluid End Sales, which is doing business as Five Star Rig and Supply. Clayton’s tenure at Five Star, which began in 1993, included working in and managing all areas of the company, notably customer growth and sales. He became president of Five Star in 2016 and is now advancing 665 Energy’s strategic goals as its new president.

665 Energy is a leader in supplying the industry with the right equipment at the right time and at the right price. As subsidiaries of 665 Energy, the following companies provide specialized attention and expertise in addition to customized solutions for the domestic and international oil and gas markets:

• Five Star Rig and Supply is a comprehensive oilfield supply and equipment company that caters to more than 300,000 SKUs through over 500 vendors. The company also manufactures a variety of oilfield equipment.
• Oklahoma Rig Fabricators to date has built and/or refurbished 37 oil rigs. The company offers complete drilling rigs, provides custom inspections and rig certifications and manufactures everything from pipe racks to complete mud pump packages and mud pit systems.
• 66 Oilfield Services specializes in providing a full range of drill pipe equipment and services to the oil and gas industry.

665 Energy’s primary customers are companies active in the upstream, midstream and downstream sectors of the energy industry, including drilling contractors, well servicing companies, independent and national oil and gas companies, midstream operators, refineries, petrochemical, chemical utilities and other downstream energy processors. Beyond North America, 665 Energy’s key markets are focused on Latin America, the North Sea, the Middle East, Asia-Pacific and the former Soviet Union. Sales are logged to over 300 customers operating in approximately 20 countries around the world.

According to a new report issued by Credence Research titled “Global Production Oilfield Services & Equipment Market,” the industry is expanding at a compound annual growth rate of 4.6 percent with a total projected value of $207.9 billion by 2023 (http://ibn.fm/6y2JS). The global production oilfield services and equipment market is expected to gain momentum due to increasing demand for fossil fuel and with recovery in oil prices, the report states.

665 Energy’s size and scale ensures potential customers that the right inventory is on-hand. The company’s headquarters are situated in Oklahoma City on 35 acres, providing enough space to build or refurbish up to three oil rigs at one time. An expansion into the oil drilling rig acquisition, refurbishment and resale business is well underway as the company prepares for further growth and expansion in energy-related businesses.

For more information, visit the company’s website at www.665Energy.com

• REFG’s ‘Green’ payment system creates a comprehensive, safe and cashless environment for marijuana transactions in the legalized cannabis industry
• Green is being offered not only to medical marijuana retailers, but to the entire cannabis industry, as a digital and secure system that benefits both clients and patients
• Patients and customers can sign up for Green online, allowing cards to be branded to the vendor, encouraging client loyalty and enabling dispensaries and retailers to accept cryptocurrency payments

Medical Cannabis Payment Solutions’ (OTC: REFG) ‘Green’ is a first tier digital payment system that creates a safe and non-cash environment for cannabis dispensaries and retailers, solving the key issues that have been addressed at industry conferences – security and fraud prevention (http://ibn.fm/FE6mm).

Seminars and conference topics include accuracy and safety of transactions in a cannabis industry that’s underserved by traditional banking. REFG offers an important solution in Green. It is a tier one payment processing program that is Financial Crimes Enforcement Network (FinCEN) complaint. It not only creates a safe and secure environment; it is now offered to the entire cannabis market.

Green is also available for licensed merchants and marijuana dispensaries to sign up online. The customer or patient can then pay directly from a bank account without requiring cash. The consumer can also sign up for Green at the point-of-sale. Green also processes cryptocurrency payments.

REFG, a Nevada-based firm, has a diverse commitment to the cannabis industry. It recently acquired SpeedyGrow, a Wyoming-based firm licensed to grow and process hemp in Colorado (http://ibn.fm/YPRcS). The company says it will also apply for state licenses to grow industrial hemp in Utah (http://ibn.fm/MtkkT), as well as Vermont (http://ibn.fm/zp1pm).

Green enables dispensaries and other merchants to do business in a digital environment. In addition to processing transactions with customers, Green permits merchants to maintain their own operations more seamlessly by handling internal payments such as accounts payable, vendor payments and any other invoices incurred by small businesses.

For more information, visit the company’s website at www.Take.Green