• The Green Organic Dutchman has announced its intention of constructing nearly 1.4 million square feet of cannabis cultivation facilities
• The company is growing to scale, steadily adding licenses, new facilities and distribution agreements with foreign operations
• The company recently received approval from Health Canada to begin cultivation work in a 20,000-square-foot Ontario facility, the second of three planned buildings where some 17,500 kilograms of cannabis are expected to be produced

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) is steadily building toward its stated goal of operating nearly 1.4 million square feet of cannabis cultivation facilities across Ontario, Quebec and Jamaica (http://ibn.fm/Ifp1g), receiving authorization from Health Canada earlier this month to expand cultivation operations into a new 20,000-square-foot state-of-the-art building located in Ontario (http://ibn.fm/i48xt).

The company is establishing a global profile with its expansion into Europe while continuing to permeate the North American continent. Its wholly owned subsidiary, HemPoland, advanced TGOD’s European market aspirations this month through an agreement with Mediakos UG haftungsbeschraenkt for the distribution of TGOD’s CannabiGold, a premium hemp CBD brand, to the German pharmacy market (http://ibn.fm/FUxmz).

The Ontario facility, which is part of a complex containing three buildings that will have a combined annual production capacity of 17,500 kilograms of cannabis once they are completed later this summer, will begin planting in the near future. The Green Organic Dutchman expects to produce about 200,000 kilograms (about 440,000 pounds) of cannabis every year when all of its operations reach full capacity, growing to scale.

TGOD has been cultivating on a small scale in Ontario since 2016 and began distributing its first commercial crop to a small, exclusive loyalty pool of patients and investors earlier this year. In Jamaica, home to a great deal of cannabis tourism, TGOD has been operating a retail store, and its rising sales volumes led the company to open a second legal cannabis retail store in Montego Bay, the second-largest city in the country (http://ibn.fm/zH25f).

The company’s first quarter fiscal report noted that investments grew over the previous quarter by $7.4 million. The report also observed that revenues grew by 28 percent over the previous quarter to $2.4 million, primarily as a result of HemPoland’s activity.

“The Company is now bringing to market high quality, premium certified organic cannabis flower and hemp-derived CBD oils,” CEO Brian Athaide stated in a news release. “With the construction of the Hamilton facility nearing completion and our flagship Valleyfield facility on track, TGOD will soon be able to sell at scale in Canada and rapidly grow the organic segment that is currently being significantly under-served by the market.”

The company’s partnership with Symrise also accelerates plans to participate in the $20 billion U.S. functional beverage category, including wellness, energy and sport recovery, the company reports. Meanwhile, Mediakos UG is distributing a broad portfolio of products to a pharmacy network with more than 15,000 members and a potential reach of over 10 million customers.

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

• Geyser Brands is on track to become a leading provider of health-focused hemp and CBD products
• The company anticipates an acquisition of Solace Management, owner of a diverse set of brands
• Geyser Brands is well-positioned for global markets as it expands existing brands while establishing new ones

Geyser Brands Inc. (TSX.V: GYSR), a Vancouver-based leading consumer health care company, recently completed its second harvest and is anticipating a tremendous yield increase of 200 percent for its third harvest. The company is well on its way to achieving its goal of supplying hemp-derived oil products to both Canadian and global markets, as well as providing other cannabidiol (CBD) health care offerings to the consumer and pet sectors.

Geyser Brands CEO Andreas Thatcher discussed (http://ibn.fm/2N6lY) the company’s intent to establish itself “as a leading provider of health-focused hemp and CBD products in North America, the European Union and Asia.” Thatcher noted the company’s pending acquisition of Solace Management Group Inc., praising Solace Management’s “world-class brands” that include 23 products and 59 SKUs found in up to 3,000 retail locations.

Geyser intends to expand its reach in the industry through additional acquisitions and is making licensing preparations to accommodate anticipated growth. While already holding a cultivation license from Health Canada, Geyser Brands has also applied for processing and sales licenses. After obtaining these key approvals, the company will be able to “legally infuse its expected line of health and wellness products with cannabinoids.” These products can then be sold, both in Canada and abroad.

Furthering its approach to expansion, the company has also submitted an application to Health Canada for an upgrade to its facility. Additionally, it seeks to secure high-CBD seed strains, “ensuring consistent cannabinoid profiles for its brands and products.” These strategic moves will help propel Geyser Brands into the upper echelon of the industry’s leadership.

Solace Management provides Geyser Brands with access to a diverse range of brands and products and new inroads into lucrative sectors of the cannabis industry. One sector, the global pet wellness market, is currently estimated at $132 billion and is on the rise (http://ibn.fm/TNb8T). Solace Management Group is well-positioned to meet the demand for this product type through its brands.

Once such brand, Apawthecary Pets, is Canada’s leading hemp-infused pet brand. The line includes products for pain, anxiety and rejuvenation, with its treats, tinctures and accessories distributed across 300 stores in Canada and 40 veterinary clinics. Another brand, WildTail Pet Products, is the first company in the world to infuse, where legal, freeze-dried pet food with hemp and hemp-derived CBD (http://ibn.fm/YvFuK). Solace Management Group has additional brands with superior offerings for the health and wellness industry. With additional licensing and diverse brands at its fingertips, Geyser Brands is well-positioned to become a leader in the industry.

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

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

• ChineseInvestors.com’s stable subscriber base allows the company to target growing market trends with products and services
• The company’s ChineseInvestors Method seeks to support investors in meeting individualized financial goals
• Continuing to grow its subscriber base while providing premium products and services remains one of ChineseInvestors.com’s main goals

ChineseInvestors.com Inc. (OTCQB: CIIX), a premier financial information website for the global Chinese-speaking community, continues to focus on its initial goal while also staying abreast of market trends. The company is expanding its avenues for engaging investor and subscriber support.

A recent report from Consilium Global Research described ChineseInvestors.com as having a “stable subscriber-based (Chinese-speaking subscribers in North America) IR business, which has allowed investment in other sectors.” The report (http://ibn.fm/av99c) also noted that CIIX promises to “unlock value for shareholders.”

While continuing to provide real-time market commentary, analysis and education-related products and services, CIIX has expanded its lineup to include several cryptocurrency products. The first, www.NewCoins168.com, is a free portal that provides news and investment education in the Chinese language. That news and education covers cryptocurrency basics, trading guidelines, market commentary and analysis regarding cryptocurrency, blockchain technology and mining, as well as other opportunities for subscribers to capitalize on the cryptocurrency market.

Additionally, ChineseInvestors.com began working with Wall Street Multimedia in Q1 2018 to produce a daily cryptocurrency video newscast in Chinese providing information and analysis regarding the world of digital currency. Among other ventures, the company also publishes a newsletter titled Pot of Gold. Seeking to target Chinese-speaking equity investors located primarily in the United States and Canada, an audience estimated at around 3.6 million people, this newsletter aims to grow the company’s subscriber base (http://ibn.fm/l8SvE).

At the center of the company’s strategy is the ChineseInvestors Method, which synthesizes a disciplined investing process, web-based tools, personalized instructions and support to help investors make informed investment decisions and ultimately meet their individual financial goals.

Along with its primary goal of delivering financial information to Chinese-speaking investors, ChineseInvestors.com has also capitalized on the thriving cannabis and cannabidiol (CBD) product industry. The company’s retail store, offering a variety of hemp-derived CBD products, is located in the predominantly Chinese community of San Gabriel, California, which is also where its headquarters are located.

ChineseInvestors.com has been recognized as the first Chinese company to sell CBD in the United States. The demand for quality CBD products in the United States is growing (http://ibn.fm/aHL6i), and “it is expected that U.S. consumer sales of cannabidiol — usually abbreviated as CBD — will reach around 1.8 billion U.S. dollars by 2022.”

ChineseInvestors.com continues to monitor up-and-coming industry trends, maintaining its focus on both the research and development of these businesses. The company also aims to continue growing its subscriber base, which currently numbers more than 100,000.

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

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

• Wildflower Brands has more than 300 U.S. outlets for its CBD+ cannabidiol product line and is expanding its presence in British Columbia and across Canada through its expected acquisition of City Cannabis Corp.
• The company is also preparing to expand into Poland and on into Europe through an arrangement with pharmaceutical distributor Two Towers
• Wildflower’s brand presence gained upscale attention when it was featured at a curated CBD-themed baby shower for celebrity businesswoman Kim Kardashian at her Los Angeles-area estate this month

Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) and its pending acquisition, City Cannabis Corp., are a step closer to full licensing in the upscale coastal environs of Vancouver Island’s Comox city, establishing the company as the largest legal cannabis retailer in the province of British Columbia and an attention-getting distributor of wellness products.

Wildflower announced on May 6 that the Provincial Liquor and Cannabis Regulation Branch has granted approval in principle (“AIP”) to City Cannabis’ planned store location in Comox, meaning that City Cannabis could achieve full licensing in Comox once a final inspection is completed (http://ibn.fm/AaWay). The downtown Comox location would be the first licensed store to support the entire Comox Valley area, a summer tourism destination overlooking the Canadian Pacific Coast’s Georgia Strait whose permanent population has an average household income of $86,328, according to the announcement.

Wildflower has been cultivating its brand portfolio for rapid growth along the West Coast and eastward all the way to Europe. In the United States, Wildflower has over 200 retailers in Washington and 14 cannabis licenses in California — currently the world’s largest cannabis market — with about 100 other stores nationwide.

An agreement with wholesale medicinal product distributor Two Towers is opening doors in Poland to Wildflower’s CBD+ line of products, with expectations of expansion into the rest of Europe. At the same time, City Cannabis’ declared purpose of spreading to 20 or 30 retail outlets across Canada suits its designs to provide medicinal and recreational life-affirming benefits to people battered by the fast pace of life in metropolitan areas.

Wildflower’s upscale, happy lifestyle appeal was evident at the CBD-themed baby shower for celebrity businesswoman Kim Kardashian at her Los Angeles-area estate this month. Kardashian and her celebrated friends enjoyed using a variety of Wildflower cannabidiol products as part of the festive gathering curated by HelloMD to create an experiential wellness event (http://ibn.fm/JsBZG).

Wildflower has an existing delivery fulfillment contract with HelloMD, a nationally recognized medical cannabis education outlet, that will particularly benefit Wildflower’s Exclusive brand, which is targeted to select hospital oncology departments and community programs in Los Angeles looking for high-quality cannabis.

The Kardashian baby shower included opportunities to use Wildflower’s CBD+ Aches blend vaporizer before a sound bath, and a CBD bar where guests made their own infused oils and bath salts. Guests received a CBD+ starter kit featuring lavender and vanilla CBD soaps, CBD capsules, Cool Stick and the Immunity Vaporizer.

“With the growing mainstream interest in the benefits of CBD, Wildflower continues to receive recognition as (a) leading premium brand representing quality plant-based wellness. I am proud of our products and the relief and support it brings people from all walks of life,” Wildflower CEO William Maclean stated in the news release announcing the event.

Media report that the market for CBD products is expected to grow to $22 billion by 2022 (http://ibn.fm/wdqpl) and $75 billion by 2030 (http://ibn.fm/uXlXv), establishing a foundation for the potential profitability of Wildflower’s ventures.

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 cannabis-infused beverage market is projected to outgrow the demand for other kinds of cannabis products, representing approximately 20 percent of the edibles market by 2022
• Many beverage producers are already looking for strategic partnerships that will enable them to capture a portion of the lucrative space
• Sproutly Canada and Moosehead Breweries are two entities that have entered into such a joint venture for the purpose of launching their own innovative line of cannabis-infused beverages by the time full legalization occurs in Canada

The cannabis-infused beverage market is projected to grow massively in the years to come. Over the coming three years, this market could reach $600 million in the U.S. alone (http://ibn.fm/5Ddoj). Forecasts suggest that the revenue from cannabis-infused beverages could outgrow the demand for other kinds of cannabis products, capturing approximately 20 percent of the edibles market by 2022.

In Canada, where the cannabis-infused beverages market will only be legalized this fall, experts anticipate this segment to have exponential growth and reach an impressive C$4.4 billion ($3.26 billion) in five years. The entire Canadian cannabis market is set to exceed C$7 billion ($5.18 billion) this year (http://ibn.fm/svBxF).

This trend hasn’t gone unnoticed by large beverage producers. As a result, some of them have already sought opportunities to partner with cannabis producers and capture a share of the rapidly expanding market.

Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) and Moosehead Breweries Limited, the largest and oldest beer company in Canada, announced such a partnership on April 30, 2019.

The two entities entered into a definitive agreement to form an exclusive joint venture for the development and production of non-alcoholic cannabis-infused beverages. Sproutly’s proprietary water-soluble cannabinoids (Infuz2O) technology will be utilized to formulate and deliver the new range of beverages to the Canadian market.

Through the use of Sproutly’s proprietary technology, the two companies will work to address some of the most common problems standing in front of mass consumer appeal for cannabis-infused beverages. For many companies, it’s still a challenge to develop a product that has a great taste while ensuring an immediate onset and a controllable experience.

Sproutly’s Infuz2O is patent-pending and validated by 13 years of scientific research. It allows for the cannabis effect to be felt in as little as five minutes and to last for up to 90 minutes. Thus, beverages created via the joint venture will deliver a cannabis experience similar to traditional flower cannabis, but without the need to inhale smoke.

Sproutly and Moosehead are already working on having a finalized product to put on the shelves as soon as legalization occurs in Canada.

Moosehead’s operational infrastructure will allow the joint venture to fast track its product launch strategy, while Sproutly’s cultivation facility and processing license are expected to speed up all of the formulation work that has to be done in advance.

Sproutly and Moosehead’s agreement is for a 50-50 equity partnership. The board of directors will have an equal number of board members from each company.

Moosehead has more than 150 years of brewing experience. Over the course of six generations of family ownership, the company has reached a sales volume of more than 140 million cans and bottles of beer per year. Moosehead products are distributed in Canada, the U.S. and 15 other countries.

A focus on beverages and advanced cannabis cultivation differentiates Sproutly from other industry representatives. The company’s core mission is to become the leading supplier to the cannabis beverage and edibles market.

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

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

• The U.S. hemp-derived cannabinoid industry is projected to hit $22 billion by 2022
• The company recently announced a $17.2 million capital raise to fund its expansion plans across the country from its Oregon base
• Hemptown has acquired and is in the process of planting one million cannabigerol (CBG) seeds, which will represent a significant portion of the total U.S. CBG crop for 2019

On May 14, Hemptown USA announced that it had raised $17.2 million (C$23.3 million) to fund its expansion plans (http://ibn.fm/xZZtY). A privately held company headquartered in Southern Oregon’s Emerald Triangle, the company is leveraging its experience as a grower of broad-spectrum hemp biomass to scale up its production capacity in three states as favorable laws are finalized.

A big part of Hemptown USA’s strategy includes the farming of novel cannabinoid strains in addition to cannabidiol (CBD). Recently, the company acquired and is now in the process of planting $5.5 million of Oregon CBD seeds, including one million rare cannabigerol (CBG) seeds. The CBG seed genetics acquired by Hemptown USA are estimated to yield 10-12 percent CBG biomass. This move positions Hemptown USA to become a leading CBG producer in the United States.

This novel cannabinoid has shown to contain anti-microbial/anti-fungal properties, with some indications that it may help with colitis, neurodegeneration, cancer, glaucoma, bacterial infections, muscular tension, anxiety and inflammation (http://ibn.fm/MiK47). Industry insiders identify the anti-microbial/anti-bacterial properties of CBG as a perfect fit for the cosmetics industry – a trend that’s already visible in the marketplace.

Hemptown USA is currently cultivating more than 1,500 acres in Oregon, Kentucky and Colorado. Legislators in these states have welcomed hemp growers, particularly since the federal government inked the 2018 Farm Bill in December, opening the door to hemp cultivation as an agricultural commodity that no longer requires the U.S. Drug Enforcement Agency’s oversight (http://ibn.fm/9BglJ). By 2020, Hemptown USA plans to be a full vertically integrated company from the farm to the consumer in a bid to maintain a leading position in the developing industry.

The global industrial hemp market is expected to surpass $300 billion by 2025 (http://ibn.fm/mG49K).

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

• Geyser Brands builds and markets cannabis products and brands for diverse market sectors
• The company develops innovative products using hemp CBD for healthy lifestyle brands
• Geyser recently appointed London-based agency Brandeavour for brand development

Geyser Brands Inc. (TSX.V: GYSR) is a foremost consumer health care company headquartered in Vancouver, British Columbia. Geyser manufactures and markets some of the world’s most-loved cannabis products and brands in the nutraceutical, cosmetics, food-and-beverage and pet sectors. The company’s proprietary nanotechnology formulations create products with first-class bioavailability and efficacy. A Health Canada-approved licensed producer (LP), Geyser Brands has a licensed CBD (cannabidiol) production and distribution facility in Vancouver and is building a licensed manufacturing facility in Vancouver (http://ibn.fm/tYc1m).

The Geyser Brands integrated production chain and formulation lab develops unique products using hemp CBD for healthy lifestyle brands. The company operates a 7,000-square-foot facility in Port Coquitlam, British Columbia, where initial cannabis cultivation produced the first revenues out of Geyser’s cultivation license, which was granted in October 2018. The company’s distribution strategy involves acquiring hemp- and plant-based brands and infusing them with new CBD product lines in jurisdictions where the therapeutic ingredient is legal.

Geyser’s research and development (R&D) lab produces product formulations designed to enhance bioavailability and shelf stability while maintaining all-natural ingredients. Geyser delivers creams, beverages, baked goods and tinctures using its proprietary nanotechnology formulation. These products have superior bioavailability and water solubility.

Geyser Brands has an R&D investment in NanoFusion, a proprietary all-natural nanotechnology. Fundamentally, NanoFusion is an advanced delivery system that rapidly and efficiently transports therapeutic agents directly to the bloodstream for maximum absorbency. The exclusive technology provides enhanced bioavailability and penetration.

In addition, NanoFusion improves the transport of active ingredients for site-specific targeting and solves problems with insolubility. It also delivers active ingredients across cell membranes for release within the cells. Furthermore, NanoFusion provides a longer shelf life and stability of molecules. Regarding pet products, Geyser employs NanoFusion in the baking process for dosage control.

Recently, Geyser Brands appointed London-based agency Brandeavour its brand development and that of its subsidiaries (http://ibn.fm/NYEAE). The company engaged Brandeavour founder and CEO Anthony Webb, a brand expert and strategist, as a consultant of record for strategic branding and creative counsel.

Brandeavour will provide overall brand direction for Geyser Brands and its subsidiaries, as well as commercializing new brands. Moreover, Brandeavour will work with GetFresh Ventures to develop new marketing channels for Geyser Brands. GetFresh Ventures is Geyser Brands’ strategic partner, providing data-driven, digital-growth services.

“The Geyser Brands team is thrilled to have Anthony on board and working to support our business and brand growth,” Geyser CEO Andreas Thatcher stated in a news release. “Combined with the data-driven, digital-strategy frameworks supported by GetFresh Ventures, we are perfectly positioned to develop a compelling, highly differentiated, and consumer-focused approach to brand growth and development.”

With an integrated production chain and formulation lab that develops inventive products, Geyser Brands is at the vanguard of using hemp CBD for healthy lifestyle brands. The company continues to look for opportunities to invest in the R&D of innovative, high-quality proprietary strains and technologies that target specific health-related conditions. For investors, Geyser is furthering its mission to build and market brands nationally and globally, creating retail channels and direct-to-consumer experiences for its hemp-infused products.

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

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

• PLUS’ CEO presented at the New York conference and met with investors
• Canaccord Genuity issued a ‘Speculative Buy’ rating on the company, citing planned expansion and a move into baked goods/mints
• BDS Analytics reports that PLUS is California’s number one cannabis-infused edibles brand

Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) co-founder and CEO Jake Heimark presented at Canaccord Genuity’s Third Annual Cannabis Conference on May 14, held in New York City. He also planned to meet with investors. PLUS products had received a favorable ‘Speculative Buy’ rating from Canaccord Genuity (“CG”), which discussed the company’s planned move into baked goods and mints, as well as its expansion to retailers beyond its exclusive California base (http://ibn.fm/rHXUB). Baked goods account for about 10 percent of cannabis edibles sales in California (http://ibn.fm/ffnWd).

PLUS stated that BDS Analytics’ retail sales data reported that its product lines made up the number one cannabis-infused edibles brand in California retail sales and units sold in Q3 and Q4 2018 (http://ibn.fm/nzPsP).

Plus Products received a price target of C$8 in its initial coverage from CG. Real Money noted that growth in product offerings was a factor, and the company’s geographic expansion was also an important issue (http://ibn.fm/BvAul). The site noted that PLUS may offer its top-selling cannabis-infused gummies beyond California into Nevada and Oregon, with future growth in additional states such as Massachusetts, Florida, Michigan and New York.

“We estimate the expansion states and Canada could represent a combined market of more than $10 billion by 2022,” CG analyst Bobby Burleson stated in the analysis. CG also projected that Plus Products could sell 3.7 million packages of gummies in 2019, as compared to an estimated 1.4 million in 2018. CG sees PLUS gummies’ market share in California growing from 8 percent in 2018 to 15 percent in 2019, reaching a projected 28 percent by 2020. CG’s report said that gummies represent 36 percent of the cannabis edibles market in California (http://ibn.fm/SfNOu).

San Mateo, California-based PLUS is a cannabis-infused branded products manufacturer selling to regulated medicinal and adult-use recreational markets 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

• Petroteq’s patented closed-loop “clean” technology mines tar sand source material from land surfaces, minimizing financial and environmental risk
• Global demand for oil is outpacing supply, with geopolitical forces and expected higher oil prices contributing to increased drilling activity in the U.S.
• Petroteq’s patented technology efficiently captures heavy oil that wasn’t previously accessible
• The company began delivering oil to its regional market in November 2018 and expects to increase production to 1,000 bpd

Recent short-term energy outlook reports issued by the U.S. Energy Information Agency (“EIA”) illustrate the volatility of the world’s crude oil supply as geopolitical forces affect production and predicted demand outpaces supply. Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) and its environmentally-friendly oil extraction technology has the potential to revolutionize America’s energy independence by releasing heavy oil resources hidden in oil sands and oil shale deposits without harming the environment.

Petroteq’s patented closed-loop, clean technology is currently in production at the company’s Asphalt Ridge pilot facility in northeastern Utah and has proven to be commercially viable. Petroteq began delivering oil to its regional market in November 2018 and recently reported consistent production of over 500 barrels per day (bpd) (http://ibn.fm/dSRuS). Petroteq’s environmentally safe and sustainable approach for the extraction of heavy oil and bitumen from oil sands, shale and shallow oil deposits produces zero greenhouse emissions or waste and does not necessitate the use of high temperatures.

Petroteq’s technology comes at a fortuitous time, as political unrest continues to shake the world’s oil-rich nations. EIA’s May 7, 2019, short-term energy outlook report issues several forecasts, including concerns that tighter than expected global oil market balances in mid-2019 and increasing supply disruption risks globally – notably from Venezuela and Iran – will affect oil inventories and prices (http://ibn.fm/cHry7).

Unlike fracking, or hydraulic fracturing, in which high pressure water and chemicals are injected into drilled wells to force open rock fractures, releasing trapped oil and creating polluting tail ponds, Petroteq’s patented closed-loop “clean” technology mines tar sand source material from land surfaces without harming the environment. As the oil sands are mixed with a solvent solution and crushed to wring out the oil, the sand is shaken and removed for storage through a heat distillation process. The original sand material is then returned to the desert floor, cleaner than when it was taken for processing.

“In fact 100 percent cleaner than it was when we took it out,” Petroteq President R. Gerald Bailey said in an interview last year (http://ibn.fm/O0gsF). “There’s no emissions, nothing to the air and nothing to the soil… So, you could put plants on it and grow it after we get finished. So, there’s no environmental issues in this stuff and it’s very amenable to easy expansion.”

Utah’s vast oil sands deposits represent 15 billion barrels of recoverable oil and potentially more, according to the Utah Geological Survey. Petroteq’s Asphalt Ridge mineral lease alone features a large contingent oil sands resource base with an estimated 87 million barrels of oil equivalent.

The company is strategically expanding its oil sands resource in Utah under U.S. federal oil and gas leases that encompass approximately 8,480 gross acres (4,240 net acres), according to a news release (http://ibn.fm/lAsHJ). This acquisition, as well as the previous one carried out by Petroteq for 50 percent of the operating rights and interests under the same lease, will give the company 100 percent of the operating rights for oil sands development.

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

• SGSI reported revenue of $11,335,732 for Q1 2019, as compared to $4,327,764 from Q1 2018
• The company’s CEO said that its first quarter with positive income from operations reflects “continued improvements” in business
• SGSI reported income from Q1 2019 operations of $14,699, as compared to a loss of $743,491 from operations in Q1 2018

Spectrum Global Solutions Inc. (OTCQB: SGSI) in Q1 2019 reported its first quarter with positive income from operations. For the three months ended March 31, 2019, SGSI reported revenues of $11,335,732, as compared to sales of $4,327,764 the first quarter of 2018. In 2019, the company showed its first quarterly income from continuing operations of $14,699, as compared to a loss from operations of $743,491 during the same period in 2018 (http://ibn.fm/Uuf5g).

“Revenue was just over $11.3 million, which reflects consistent growth in our AW solutions, ADEX and TNS subsidiaries,” SGSI CEO Roger Ponder stated in a news release. “We also reported positive income for the period. This is Spectrums’ first quarter with positive income from operations, which demonstrates continued improvements in the business.”

Ponder also praised the performance of these three subsidiaries. “We are experiencing consistent revenue growth from our AW solutions, ADEX and TNS subsidiaries that is much stronger than the prior year and expect to continue this growth pattern both organically and through strategic, accretive acquisitions,” he added.

SGSI is a single-source provider of wireless and wireline network infrastructure and professional service solutions to the service provider (carrier) and corporate enterprise markets (http://ibn.fm/jICGy). The company is a leading provider of telecommunications engineering and infrastructure services in the United States, Puerto Rico, Canada, Guam and the Caribbean.

Subsidiaries acquired in April 2017, February 2018 and January 2019 were significant in the company’s 2019 performance. Their combined gross profit in Q1 2019 was $2,511,567 at a 22.2 percent gross profit percentage. By comparison, in Q1 2018, gross profit was $543,244 at 12.6 percent.

Net loss attributable to common shareholders for Q1 2019 was $1,332,587, as compared to net income of $134,269 for the comparable period in 2018. SGSI said that the increase in net loss was attributable to increases in other expenses of loss on change in fair value of derivatives, as well as the amortization of discounts on notes payable, convertible debentures and interest expense.

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

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