• Before it was easy, REFG was building a customer base, loyalty and trust by providing a service that was necessary but non-existent
• Company aims to make cash-only a business model of the past, allowing licensed providers to easily apply for a bank account online
• Keys to success include transparency and compliance

The legal cannabis industry now has simple banking options thanks to Medical Cannabis Payment Solutions (OTC: REFG). According to the company, it is the only one offering licensed providers the ability to apply for a bank account online. In an industry with limited to no banking options, REFG is providing the accessibility and protection necessary for licensed cannabis companies to succeed.

In addition to the convenience of an online application, the company’s state-of-the-art system tracks sales and taxes and provides client management to dispensaries. Thanks to REFG, cash-only is a business model of the past for licensed distributors. Now, they can utilize ‘Go!’, an end-to-end payment processing system, for their banking needs.

Due to federal regulations, traditional banks are often unwilling to provide full services to the cannabis industry. REFG, on the other hand, is able to provide legal banking and secure payment processing while remaining compliant to ever-changing federal regulations. The company believes that the solution to success is being transparent and complying with regulations rather than working around them. Now averaging 60 million transactions per month along with one million new cards issued, REFG takes the security and safety of every transaction seriously.

When customers of a dispensary sign up for a Go! Card, they are creating a link between their banks – any checking accounts from any U.S. bank – and the dispensaries. When businesses create a Go account, they are providing their customers with convenience and redefining the culture of dispensaries. What was once a dangerous, risky, cash-only store front becomes a safe, convenient place to do business.

The company is positioned to grow as the laws in the U.S. surrounding the legalization of cannabis begin to change. Up until now, legalization has been determined on a state-by-state level. However, Reps. David Joyce (R-Ohio) and Earl Blumenauer (D-Oregon) have made remarks citing the “STATES” Act (Strengthening the 10th Amendment Through Entrusting States), a bill exempting states with legal cannabis from federal cannabis law enforcement, as likely to pass. Due to public support, the STATES Act and other cannabis-related bills are expected to be introduced and are “likely to pass” in 2019. This move will put REFG ahead of the game.

REFG has been establishing itself as an expert, willing to take risks where other banks were not. The company has already grown a loyal customer base and is proving itself trustworthy before its competition even enters the game.

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

• Supreme Cannabis’ flagship brand, 7ACRES, selected by panel of industry professionals across variety of sectors in cannabis space
• Award recognizes 7ACRES’ enormous effort in creating a brand, strategy, culture, image and impact that resonate in the public consciousness
• Canadian Cannabis Awards ceremony hailed as world’s first for a federally regulated recreational cannabis market
• Supreme is Canada’s only licensed cannabis producer principally focused on premium brands and products with coast-to-coast distribution

Premium cannabis producer 7ACRES, a wholly-owned subsidiary and flagship brand of The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) (FRA: 53S1), now wears the mantle of ‘Brand of the Year’ after being recognized on December 3 at the 2018 Canadian Cannabis Awards presented by Lift & Co. (TSX.V: LIFT) in Toronto, Canada. 7ACRES was selected for the honor by a panel of industry professionals across a variety of sectors in the cannabis space, a news release states (http://ibn.fm/NihYR).

“We are extremely honored to have been recognized as Brand of the Year by the Canadian Cannabis Awards. The Team at 7ACRES works incredibly hard and are very proud of the products and the culture we have cultivated since day one,” John Fowler, president and founder of Supreme Cannabis, said in the release. “Since our founding, our organization has been dedicated to ensuring the highest quality product and innovation, developing an industry-leading team, and incredible corporate culture.”

The 2018 Canadian Cannabis Awards (“CCAs”), a black-tie gala attended by nearly 600 industry leaders, celebrated excellence in Canada’s burgeoning world-class cannabis industry. It was also heralded as the world’s first award program dedicated to a federally regulated recreational cannabis market. 7ACRES received top honors with ‘Brand of the Year’, as determined by a committee of qualified judges, the CCAs stated in a separate release (http://ibn.fm/yNRDm).

“The most powerful brands seem to spring into public consciousness, capturing hearts and minds as if they’ve always existed,” explains the descriptor for ‘Brand of the Year’ on the CCAs website. “This award recognizes the enormous effort behind such apparent effortlessness, awarding brand strategy, culture, image, and impact. This award recipient is voted on by the judging committee. Nominations for this award are open to industry professionals only.”

The 7ACRES cultivation facility, one of the first 40 federally licensed cannabis producers in Canada, is focused on building a core competency in scaled cannabis production, which will give 7ACRES the needed flexibility to maintain leadership in the industry as the Canadian market grows and matures. 7ACRES operates from a 342,000-square-foot cultivation facility in Kincardine, Ontario, and has been federally licensed since 2016. Current capacity is 13,333 kilograms of dried cannabis annually, with plans to ramp up production by mid-2019 to a rate of 50,000 kilograms per year.

Supreme identifies the quality of the 7ACRES product as the company’s primary strength and says a shared “passion for the plant” is the driver of company culture. Six Canadian provinces have signed supply agreements with Supreme, a fact that the company credits to the high quality of 7ACRES cannabis (http://ibn.fm/CqdNp). The 7ACRES brand is already listed as premium cannabis product in all provinces that disclose their cannabis listing categories, and 7ACRES, on average, wholesales for up to one-third higher in price than other brands in the Canadian cannabis market.

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

• 2018 farm bill approved by Congressional vote earlier this week
• Bill removes industrial hemp from Schedule I under Controlled Substances Act
• Hemp market expected to hit $1 billion in 2018

With floor votes passing this week in the House of Representatives and the Senate, the chances that the Farm Bill – H.R.2, the Agriculture Improvement Act of 2018 – will be law before Yuletide have improved considerably. Such a development augurs well for Sugarmade, Inc. (OTCQB: SGMD), a company focused on supplying equipment and technologies to support the legal cultivation, processing and storage of cannabis and other agricultural products, which recently made a substantial investment in the hemp space. The 2018 Farm Bill includes provisions to unshackle hemp from restrictions imposed by the Control Substances Act of 1970 and the Marihuana Tax Act of 1937.

Things are looking up for the hemp industry. On Monday, December 10, Senate Majority Leader Mitch McConnell (R-KY) tweeted (http://ibn.fm/fb8hR), “Making it official with my hemp pen! … With today’s signature, my provision to legalize industrial hemp is 1 step closer to reality. Looking forward to voting YES on this bill & sending to POTUS.” If the bill is approved by President Trump, as expected, McConnell, who has been a passionate promoter of reform, would return the hemp industry to its legal status, more or less, from before the 1937 passage of the Marihuana Tax Act.

That infamous statute did not directly criminalize the possession or usage of hemp, marijuana or cannabis. However, it instituted certain regulations, violation of which could result in fines of up to $2,000 and five years’ imprisonment (http://ibn.fm/gJz23). For example, one provision required every person who sells, deals in, dispenses or gives away marihuana to register with the Internal Revenue Service and pay a special occupational tax. The Controlled Substances Act of 1970 went further, criminalizing hemp by making only negligible distinction between marijuana and hemp. Consequently, hemp ended up, alongside marijuana, as a Schedule I Controlled Substance, the most restricted category of drugs.

The Farm Bill 2018 attempts to reverse those prohibitions. Importantly, it removes industrial hemp from the CSA’s definition of “marijuana” and from Schedule I. It also repeals section 7606 of the Agricultural Act within the 2014 Farm Bill, which only allowed cultivation of hemp under the auspices of a state agricultural pilot program or institution of higher education. Products made from industrial hemp, including CBD oil, would now be legal under the CSA, provided they contain no more than 0.3 percent THC. Henceforth, regulation of hemp will be like any other agricultural crop (http://ibn.fm/sQYF5).

This sets the stage for rapid expansion – projected at a CAGR of 14 percent – of an industry that is already flourishing. In 2017, the total hemp market reached $820 million, according to the Hemp Business Journal; of that, $190 million came from hemp-derived CBD products. The market is on track to hit $1 billion for 2018.

Sugarmade is expecting substantial payoff for its commitment to the industry. The company intends to invest in Hempistry, Inc. a privately held Nevada corporation, which has begun planting an ultra-high cannabidiol (CBD) industrial hemp strain in the U.S. State of Kentucky (http://ibn.fm/39SPe). In addition, Sugarmade has signaled strong interest in an agreement with Hempistry for hemp cultivation supplies. Hempistry has already begun planting and has signed an agreement reserving up to 23,000 acres of prime Kentucky farmland for its exclusive use for hemp cultivation. This venture will expand the scope of Sugarmade’s operations, which include CarryOutSupplies, a provider of essential supplies to quick-serve restaurants; ZenHydro, an online hydroponics store; and BudLife Cannabis Storage Solutions, which offers a novel way to preserve the quality of cannabis flowers over long periods.

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

• Golden Developing Solutions, Inc. supports the cannabis industry by providing recognizable and trustworthy products alongside software and technology geared toward enhanced efficiency
• Cannabis growers can communicate with one another and receive industry data and news through the company’s website, WheresWeed.com
• The global cannabis market is on track to reach $146.4 billion by the end of 2025

Golden Developing Solutions, Inc. (OTC: DVLP), a rising leader in the cannabis industry, provides its clients with business services and products to support the flourishing market. Through its ancillary software, the company seeks to connect members of the cannabis community by increasing the ease of connection between growers, distributors and both medical and recreational users.

Golden Developing Solutions, Inc.’s mission lies in maintaining the utmost efficiency while modeling how to act as a steward to the environment. In fact, the company aims to lead the industry in not only cutting costs but also reducing its clients’ carbon footprint. By utilizing software to increase efficiency and communication among all stakeholders in the cannabis community (http://ibn.fm/lxjXP), the company aims to “keep the planet as green as possible” while “improving public image of the cannabis community” and “lowering the impact…left behind.”

Golden Developing Solutions utilizes several important software programs to achieve its goal of stakeholder connectivity. It recently acquired one such company, ‘Where’s Weed’, which is an American cannabis technology company aiding medical and recreational cannabis users in locating trustworthy local growers within their communities. WheresWeed.com has amassed an impressive online following, logging nearly three million page views per month. Further seeking to meet customers where they are, the Where’s Weed app has been downloaded more than 80,000 times, allowing the company to attune to the pulse of the cannabis market as it connects customers with growers in their areas.

More recently, the company launched a new software division known as GreenerGrows.org, bringing together all layers of the cannabis industry to one pipeline of information – growers, transportation experts, dispensaries, advertisers and more can both locate each other and obtain objective reporting data on the industry’s latest news and trends.

Aside from its burgeoning ancillary software services, Golden Developing Solutions also sells CBD products through online retail outlets, such as its joint venture Pura Vida Vitamins, LLC. Pura Vida’s offerings including hemp, CBD products and others serving the health and wellness industry. Through its multi-pronged approach, Golden Developing Solutions seeks to help the cannabis community increase its overall efficiency and improve its carbon footprint while securing the company a position as an emerging leader in the market.

For more information, visit the company’s websites at www.PuraVidaVitamins.com and www.WheresWeed.com

• SSGI posted more than $10 million in revenues in Q3 2018
• Growth strategy includes both acquisitions and organic growth through operations
• Company expects revenue boost from coming 5G mobile service rollout
• Recently awarded more than $5.7 million in contacts for work on state-of-the-art next-gen communications systems

Spectrum Global Solutions, Inc. (OTC: SGSI), a leading single-source provider of end-to-end, next-generation wireless and wireline network infrastructure and professional service solutions to the service provider (carrier) and corporate enterprise markets, has grown revenues from zero in early 2017 to currently tracking more than $33 million annually, CEO Roger Ponder informed shareholders and investors in a recent 2018 update (http://ibn.fm/4GH7A).

The SGSI revenue growth has come through acquisition and operations. The company posted revenues of approximately $4.3 million in the first quarter of 2018, with an increase to nearly $11 million in Q2. In the third quarter of 2018, SGSI reported almost $10 million in revenue as it focused on gross margins and net income. Some lower margin contracts that the company inherited from its acquisitions were allowed to expire in favor of higher margin projects, Ponder noted.

Spectrum Global’s ADEX Corp. subsidiary, acquired in early 2018, has shown quarterly growth since the acquisition, while another subsidiary, AW Solutions, has experienced consistent year-over-year revenue growth. SGSI operates through subsidiaries to provide telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and the Caribbean. The company provides services directly to carriers, aggregators, utilities, enterprises, Project management organizations and original equipment manufacturer clientele through its subsidiaries.

Ponder said in a news release that Spectrum Global aims to continue growing organically and through acquisitions. The company recently announced that it has been awarded more than $5.7 million in new contracts for professional services, project management, engineering design, network auditing, construction, installation and network upgrade services for various new, state-of-the-art, next-generation communications systems. Work on these new systems commenced during the third quarter, and revenue from these orders will be realized during 2018 and into 2019 (http://ibn.fm/eGfe2).

Future acquisitions will be strategic in nature, Ponder added. “We will not acquire companies simply to increase revenue,” he noted. “The acquisitions we pursue must be accretive to our earnings, have the ability to expand our services geographically, and provide us with an entrance into a new customer base.”

The company also expects a revenue boost from the coming rollout of 5G mobile phone service, which is already underway in some locations.

“We continue to build upon our pipeline of new opportunities as carriers deploy upgrades of their services and technologies across the U.S.,” Ponder stated in a news release (http://ibn.fm/vybLE). “AT&T recently announced that its true 5G mobile service rollout should start in the coming weeks in Dallas, Atlanta, Waco, Charlotte, Raleigh, and Oklahoma City. As AT&T and other major carriers roll out this upgrade, we are called upon for assistance. To capitalize on these opportunities, we are in active discussions with multiple synergistic entities for merger or acquisition that would be accretive to our earnings.”

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

• Earth Science Tech, via its subsidiaries, centers on developing its role as a global leader in the cannabinoid arena
• The company’s diverse subsidiaries offer a wide selection of cannabinoid products in numerous categories
• Earth Science Tech recently announced a CBD/Propovit throat spray formula developed via its partnership with Bionatus

A biotechnology enterprise, Earth Science Tech, Inc. (OTCQB: ETST) focuses on cannabis (industrial hemp) and cannabinoid research and development, nutraceuticals, pharmaceuticals and medical devices. The company does so through its diverse wholly owned subsidiaries, which concentrate on the development of Earth Science Tech’s role as a worldwide leader in the cannabinoid space. Earth Science Tech is headquartered in Doral, Florida.

The company’s subsidiaries include Earth Science Pharmaceutical, Inc.; Cannabis Therapeutics, Inc.; and KannaBidioiD, Inc. Earth Science Tech’s Canadian subsidiary is Canna Inno Laboratories, Inc. Through its subsidiaries, the company’s cannabinoid products are offered in different forms of personal care goods, homeopathies, vitamins, minerals, herbs, botanicals, functional foods and more (http://ibn.fm/QuWmD).

Subsidiary Earth Science Pharmaceutical focuses on becoming a global leader in the development of low cost, non-invasive diagnostic tools, medical devices, testing processes and vaccines for sexually transmitted infections and/or diseases (STIs). The Cannabis Therapeutics subsidiary is positioning itself to become an international leader in cannabinoid research and development for a wide-ranging line of cannabinoid-based pharmaceuticals, nutraceuticals and other products and solutions.

Earth Science Tech’s KannaBidioiD subsidiary focuses on manufacturing and distributing vapes/e-liquids and gummy edibles in the recreational arena formulated by its innovative Kanna and cannabinoid formula. Moreover, the Canna Inno Laboratories subsidiary gives Earth Science Tech a position in the Province of Québec. Canna Inno provides the company with access to government grants, with the first now receiving approval.

Recently, Earth Science Tech announced that the new genuine CBD/Propovit throat spray formula developed via a strategic partnership with Bionatus is almost market-ready. The company worked together with Bionatus to improve the Propovit throat spray. The outcome of this collaboration is a strawberry-flavored formulation enriched with Earth Science Tech full-spectrum cannabinoids obtained from industrial hemp (http://ibn.fm/gpU1W).

The principal active ingredient in Propovit is propolis. This compound comes from the Brazilian green bee. Propolis has substantial strong antioxidants. It also has potent anti-bacterial, anti-viral, anti-fungal and anti-inflammatory properties. This new formulation unites the effect of Propovit and the company’s cannabinoids to help reduce the symptoms of throat infections. Fine drops distribute the hemp oil extensively onto the oromucosal area of the mouth.

In a news release, Dr. Michel Aube, chief executive officer and chief science officer of Earth Science Tech, stated, “We are very excited to see this project in the final stage. We have developed a product that we believe will have properties not found in any other product on the market, and we thank our team and our partner Bionatus for their diligence and innovation on this formulation.”

Earth Science Tech, by way of its subsidiaries, continues to innovate and advance new initiatives in the cannabinoid space. It is working to bring to market pioneering pharmaceutical and medical device offerings. For investors, Earth Science Tech offers the opportunity for growth through its varied portfolio and pipeline as it looks to expand its role as a leader in diverse market sectors.

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

• Green Hygienics focuses on science-driven cannabis cultivation
• Its vertical farming process utilizes aeroponic technology
• The company is at the vanguard of the cannabis sector due to its continuing dedication to invention

Targeting the high-end medical and adult-use recreational market, Green Hygienics Holdings Inc. (OTC: GRYN) concentrates on science-driven cannabis cultivation. The company’s growth strategy involves producing revenues from the sales of premium grade cannabis products, developing and licensing valuable intellectual property (IP), making strategic acquisitions and creating trusted global consumer brands. The focus of the Las Vegas, Nevada-based company is pharmaceutical-grade cannabis at higher yields and lower costs.

The U.S. cannabis market is anticipated to grow to $23.3 billion by 2022. The worldwide cannabis market could rise three-fold by 2022, with an anticipated value of $32 billion. Grand View Research noted in its April 2018 report that the worldwide legal marijuana market is expected to hit $146.4 billion by the end of 2025 (http://ibn.fm/0Jx9D).

Grand View further stated that advances in new product development are projected to boost product adoption by consumers. With Canada recently legalizing marijuana for recreational purposes, and with the U.S. and other countries heading in that direction, Green Hygienics is positioned to leverage these market dynamics.

The company’s vertical farming process employs aeroponic technology. The result is 90-95 percent less water usage. In addition, the technology considerably improves yield per square foot and requires less energy. Green Hygienics’ vertical farming features state-of-the-art, quality-controlled commercial cultivation equipment and software. The expectation is that the vertical farming market, and its use of aeroponics, will reach close to $10 billion by 2025 (http://ibn.fm/lhYkQ).

Green Hygienics has its enhanced hybrid aeroponic method. This method, along with other proprietary techniques, consistently produces higher yields and a superior product. At the heart of this process are nutrients and moisture, which are delivered directly to an exposed natural root. The nutrients and moisture do not touch soil, rock wool, peat, clay or other growth media.

With its vital technology and continuing innovation, Green Hygienics now has its cost per gram for production under $1. Direct competitors, and the industry as a whole, who cultivate a higher end indoor product typically have an effective cost in the $2 to $4 range. Moreover, the company’s product is “extremely strong quality” certified, which is the highest qualification available on the Kirsen Freshness & Quality Scale. Therefore, Green Hygienics’ focus on production quality, efficiency and cost containment bodes well for future initiatives by the company.

The expectation is that hybrid-aeroponics blended with big data and predictive analytics will result in the production of maximum cannabis yields. This will drive the market for first-rate cannabis products. Furthermore, IP and innovation within the cannabis sector can be transferred into the urban farming sector, which opens up significant doors of opportunity for the company. Green Hygienics’ plan is to build a large cultivation and extraction center in Canada, where legislation supports international distribution.

With the overall sector becoming increasingly competitive, Green Hygienics is ahead of the game because of its continuing commitment to invention. Leveraging over 25 years of experience in agricultural science and innovation, it continues to focus on cultivating a premium quality product line. Its long-term goals of expanding its portfolio of brands throughout the U.S. and worldwide offer attractive benefits to investors interested in creative companies in a vibrant sector.

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

• Diversified strategy capitalizing on emerging growth opportunities in mobile payments, cannabis and blockchain markets
• 2018 revenue are expected to top $1 million, while 2019 revenues are expected to triple with additional acquisitions and continued portfolio growth
• Subsidiary SingleSeed.com added multiple CBD product listings in 2018, organically increasing reach
• Industrial hemp included in massive 2018 Farm Bill compromise unveiled by lawmakers

SinglePoint, Inc. (OTCQB: SING) expects its subsidiary, hemp-CBD distribution line SingleSeed.com, to be one of the company’s top revenue-producing holdings in 2019 – especially with recent news that  industrial hemp is firmly rooted in the bipartisan 2018 Farm Bill legislation that could be signed into law as early as this week (http://ibn.fm/J9mz2). SinglePoint’s heavy emphasis on SingleSeed, which distributes CBD products via the SingleSeed.com website, will continue through 2019, as the company is aiming to have both a large online presence and retail distribution reach (http://ibn.fm/TrbGs).

Hemp farmers and CBD-related companies are sure to benefit from the 2018 Farm Bill, which moves industrial hemp to the Department of Agriculture and away from the Justice Department. Language in the bill amends the Controlled Substances Act and legalizes CBD (http://ibn.fm/0wrjP). Another huge benefit to the nation’s up-and-coming hemp farmers is that they would finally be eligible to purchase crop insurance, something that traditional farmers have always been able to buy to protect their business from weather or other harmful events.

That’s good news on many levels, as detailed by Wil Ralston, president of SinglePoint.

“We have seen a huge explosion in the CBD space, and we are actively selling products through SingleSeed.com now. We are making a nice margin on the products and are seeing many new customers come to the site as we expand,” Ralston said, noting in the company’s annual recap that SingleSeed.com added multiple product listings in 2018 and has been organically increasing its reach.

The hemp CBD industry is expected to become a $5.7 billion market by 2019, according to a new report from Brightfield Group, but that amount pales next to the firm’s projection that CBD market growth will balloon by 40 times to $22 billion by 2022, as suggested by a Green Market Report article (http://ibn.fm/ujfkv). Brightfield Senior Analyst Jamie Schau is quoted as saying, “These numbers reflect the substantial changes we anticipate will follow full federal legalization of hemp-derived CBD.”

SinglePoint is poised to announce a record revenue total for 2018 topping $1 million and expects to triple that in 2019 with additional acquisitions and continued growth of current portfolio companies, a recent article on the company states (http://ibn.fm/sWuZt).

“SinglePoint has had an excellent 2018, and, overall, it has been a huge year for establishing the company. We plan to take that momentum and carry it forward into 2019. Adding revenue, adding a portfolio of companies, being diversified and bringing multiple new solutions to market has made for a great setup to a big 2019,” Greg Lambrecht, SinglePoint CEO, said in the company’s annual recap. “We expect to get back to the levels we were at in early 2018 and grow to surpass those numbers. We have the right team, the right products and opportunities to make a successful business and look forward to our shareholders sharing in that success as well.”

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

• Mobility as a Service market set to hit $358.35 billion by 2025
• Ridesharing rental market estimated at 1.25 million drivers and growing
• 40 percent of aspiring drivers do not own a qualifying car

The growth of urban populations with money to spend on automobiles has made driving a nightmare in some cities. In 2010, for example, a massive traffic jam in China that snaked for 100 kilometers (60 mi) lasted for 5 days or longer. Traffic congestion in America’s big metropolises may never reach that scale but their frequency is just as disturbing. However, digitalization may present a way to avoid such horrible scenarios, says ‘Big Four’ accounting firm Deloitte. Referred to as Mobility as a Service (MaaS) when applied to transport, MaaS “relies on a digital platform that integrates end-to-end trip planning, book­ing, electronic ticketing, and payment services across all modes of transportation, public or private”, exactly what HyreCar Inc. (NASDAQ: HYRE) is offering. The tech company operates a web-based marketplace that allows car and fleet owners to rent their idle cars to Uber and Lyft drivers safely, securely and reliably. On Tuesday, December 11, 2018, company executives presented at the Maxim Group TMT Conference in New York City, introducing investors and others to the brave new world of MaaS (http://ibn.fm/6uGZe).

HyreCar may be in the right place at the right time. A recent report on the MaaS market identifies a number of factors, such as the increasing pressure on transportation infrastructure brought about by rapid urbanization, demand for one-stop seamless transportation solutions, and the proliferation of Original Equipment Manufacturers (OEMs), which are driving its growth. As a result, the MaaS market (http://ibn.fm/DrVA0) “is expected to grow to $358.35 billion by 2025 from $38.76 billion in 2017.”

Rideshare is a large part of that market, amounting to $62.2 billion in 2018, according to Statista. It is poised for growth. “Goldman Sachs research expects 40 percent year over year revenue growth in ridesharing through 2030.” In the U.S., the sector is dominated by Uber and Lyft, whose platforms are used by millions of passengers and drivers. HyreCar is especially interested in those aspiring to become one of the latter, 40 percent of whom do not own a qualifying vehicle. The company’s platform allows car owners to rent their idle assets safely, securely and reliably to rideshare drivers who need a car. It’s a big market. In November, Uber, which has “74 percent of the overall market,” was fielding about one million drivers, which means that Lyft, with a 19 percent market share, may have another quarter-million or so (http://ibn.fm/3osUb).

HyreCar generates revenue by taking a fee from each rental processed on its platform and through insurance-related fees. Each rental is a transaction in which a driver leases a car from its owner. Drivers pay a daily, weekly or monthly rental rate, plus direct insurance costs and a 10 percent HyreCar fee. The owner of the car receives the rental rate minus a 15 percent HyreCar fee. The transaction structure below is typical.

• Weekly rental                                                                    $200.00
• Direct Insurance                                                                 $70.00
• HyreCar driver fee                                                             $20.00
• HyreCar gross billings                                                      $290.00
• Owner payment                                                               $170.00
• HyreCar revenue                                                             $120.00

Executives from HyreCar attended the Maxim Group TMT Conference in New York City on Tuesday, December 11, 2018. They hosted one-on-one meetings throughout the day. In July, the company debuted on Nasdaq, raising $12.6 million in an IPO. That cash will be crucial in building scale as the company rapidly gains traction across 50 states and the District of Columbia.

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

• Revenue for the first nine months of the year reached $6.6 million, 35 percent higher than the same period last year
• Q3 revenue also reached  a new record level of $2.4 million
• In 2019, Kontrol Energy plans to put emphasis on U.S. market smart technology propagation, accretive and strategic acquisitions and acceleration of recurring SaaS revenue

In the nine months ended in September 2018, Kontrol Energy Corp. (CSE: KNR) (FSE: 1K8) saw an increase in revenue of 35 percent on an annual basis. The revenue for the first nine months of the year was $6.6 million (in comparison to $4.9 million for the same period of 2017) and the quarterly revenue for Q3 also reached record levels of $2.4 million (in comparison to $2.2 million in September 2017).

This information was presented during a Kontrol Energy announcement about the company’s financial performance over the third quarter of the year (http://ibn.fm/WIhJ1). A leader in the energy efficiency sector, Kontrol Energy specializes in the integration of smart energy technologies for commercial and industrial property owners in North America.

In less than two years, the company’s revenue run rate has grown from $1.8 million to $16 million, Kontrol Energy CEO Paul Ghezzi said in a news release. Additional acquisitions and the expansion of smart energy technologies will provide further opportunities for growth in 2019, Ghezzi added.

“Kontrol is delivering on our stated goals and objectives and we seek to continue our strong growth through further accretive acquisitions and the expansion of our smart energy technologies. In 2019 we anticipate being cash flow positive based on our current run rate of $16 million in revenue. We have delivered robust growth while maintaining a very tight share structure with approximately 28 million shares outstanding,” he explained.

The company reported a gross profit margin of 67 percent for Q3 and the nine months ended in September. The outlook for Q4 is approximately $4 million in revenue on the basis of the existing order book.

Numerous key accomplishments through Q3 and the first nine months of 2018 have enabled the company’s stable growth. On September 13, Kontrol Energy was ranked seventh in the 2018 Startup 50 ranking of Canada’s Top Net Growth Companies. In addition, the company has finalized several acquisitions while also expanding orders. On September 20, Kontrol announced the finalization of the CEM Specialties Inc. acquisition. CEM Specialties is an Ontario-based emission integrator that generated approximately $6 million in annual revenue during the most recent fiscal year.

Kontrol has also received two major orders totaling over $2 million and two new contracts with licensed producers in the cannabis sector.  The aim of Kontrol’s cannabis solutions is to provide energy efficiency and emission compliance solutions, both of which are important to LPs.

In 2019, Kontrol Energy will be putting emphasis on several strategic initiatives. The most important ones include expansion of smart energy technologies to the U.S. market, the addition of accretive and strategic acquisitions and the acceleration of recurring SaaS revenue. “As the broader market becomes more aware of our ability to scale our recurring revenues and our overall growth rates, we believe our shareholders will be rewarded,” Ghezzi noted.

Kontrol Energy is an energy efficiency sector leader due to its extensive developments in the world of IoT, cloud and SaaS solutions. The company has a well-established and strategic mergers and acquisitions plan that aims to enhance the organic growth it has been achieving over the past two years. The solutions that Kontrol Energy provides to its clients are aimed at reducing overall energy expenditure and minimizing greenhouse gas emissions.

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