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FuelPositive Corp. (TSX.V: NHHH) (OTCQB: NHHHF) Looking to Complete Validation and Deployment of Green Ammonia Demonstration System in November; Making Inroads into Controlled Environment Agriculture

  • FuelPositive is working on completing the validation of the first demonstration unit of its green ammonia production system in November 2022, following which it will deliver the system to a farm in Manitoba
  • The placement in the Manitoba farm is part of a demonstration project intended to evaluate the operational interface between the system and the customer as well as provide insights on the ease of use of the system and ensure the system performs as expected over time
  • Having completed a portion of the validation that yielded positive results, FuelPositive has begun accepting pre-sale applications from farmers
  • Meanwhile, FuelPositive is making efforts to enter controlled environment agriculture
  • The company has partnered with the Controlled Environment Systems Research Facility at the University of Guelph and Lenore Newman, the Director of the Food and Agriculture Institute at the University of Fraser Valley
Committed to sustainability, reversing climate change and ending global food insecurity, Ontario-based clean energy solutions provider FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) has long been working on releasing its onsite, containerized green ammonia production system to the public. Having set an aggressive timeline for itself toward the end of last year, the company has been inspired partly by Tesla Inc. (NASDAQ: TSLA) ’s successful approach to manufacturing and product development and by the Toyota Production System (“TPS”) (https://ibn.fm/6a3d2). FuelPositive’s product development program has remained largely on course, with build-out and validation of the hydrogen separator and nitrogen extractor, which make up 60% of the system, having been completed ahead of schedule. However, in acknowledging supply chain challenges that have delayed the build-out and validation of the patent-pending ammonia synthesis convertor that makes up the remaining 40%, FuelPositive now expects to finish validating the demonstration unit of the system in November 2022, a slight deferral from its earlier projection of late summer 2022. Even so, this delay comes amid positive news that the early validation of the hydrogen separator and nitrogen extractor yielded results that surpassed expectations, giving FuelPositive the confidence to begin accepting pre-sale applications from farmers at a price of CA$950,000. Pre-sales activities started Aug. 10, 2022 (https://ibn.fm/PqRUj). A few weeks since, the company is already seeing strong interest from farmers around the world and has termed the demand as encouraging. “The level of interest in pre-sales serves as a strong indicator of demand. We are seeing a high level of interest in our onsite model, as we expected, because of the stability it gives farmers over supply, timing and price,” said Derek Boudreau, the Strategic Advisor for Agricultural Implementation at FuelPositive. FuelPositive intends to use the pre-sales metrics to determine the volume of demand, following which it will determine the size of its mass manufacturing facility set to be custom-built on a nine-acre site in Waterloo, Ontario. In addition, the data will help the company come up with its material, labor and order fulfillment plans as well as the production schedule. In the interim, FuelPositive plans to first deliver the demonstration unit to a Manitoba farm this fall as part of a demonstration project that aims to investigate the operational interface between the system and the customer in what is expected to provide insights on the system’s ease of use and ensure the system performs as expected over time (https://ibn.fm/YK1Ed). The unit will be deployed at an 11,000-acre family-operated crop farm in Manitoba operated by Tracy and Curtis Hiebert, FuelPositive’s demonstration project partners and first customers. The choice of the Hieberts and the location is strategic. First, Manitoba is known for its extreme weather that sees it experience heavy spring floods, sweltering summers and frigid winters. The unit’s placement in this region, therefore, will enable FuelPositive to understand its performance in the face of such conditions. Secondly, the unit is expected to be powered by renewable electricity from the green Manitoba grid. FuelPositive’s onsite, containerized green ammonia production system is designed to utilize renewable electricity to generate hydrogen from water via the hydrogen separator and nitrogen from the air through the nitrogen extractor, before combining the molecules in an ammonia synthesis convertor to produce green ammonia. Elsewhere, last month, FuelPositive named Lenore Newman, the Director of the Food and Agriculture Institute at the University of Fraser Valley, as its Global Food Security Advisor. In addition, the company announced entry into a partnership with the Controlled Environment Systems Research Facility at the University of Guelph, a research facility focused on greenhouses and vertical farming (controlled environment agriculture). The two partnerships, FuelPositive CEO and Board Chair Ian Clifford said, are intended to help the company make inroads into the exciting and critical controlled environment agriculture (https://ibn.fm/Enj06). FuelPositive’s systems, a news release containing the announcement reads, “would be able to provide nitrogen fertilizer for the highly controlled environments that are required for indoor plant-based agriculture while eliminating the greenhouse emissions associated with traditionally produced grey nitrogen fertilizers. The green ammonia output of FuelPositive’s system could also be used for fossil fuel replacement, heating and cooling, dehumidification, and even for water purification.” For more information, visit the company’s website at www.FuelPositive.com. NOTE TO INVESTORS: The latest news and updates relating to NHHHF are available in the company’s newsroom at https://ibn.fm/NHHHF

GeoSolar Technologies Inc. Set to Capitalize as ‘Green’ Homes Sell at a Huge Premium to Peers

  • The average ‘green’ home now sells at a premium of over 100% relative to average home prices across a broad selection of U.S. cities
  • Despite annual energy cost savings of $1,587, homeowners often opt to forgo installing residential solar panel systems due to their elevated upfront costs
  • The recently passed Inflation Reduction Act will provide homeowners with a 30% tax credit to assist with the upfront cost of installing renewable energy home systems
  • The lower upfront costs, coupled with lower utility bills and a ‘green’ premium applied to residential home sale prices could lead to added demand for the likes of GeoSolar Technologies
In St. Petersburg, Florida, the average “green” home sold for $734,502 over the past year, a premium of 159% relative to the average home in the city. However, this “green” premium was hardly confined to sunny Florida alone. Environmentally friendly homes across broad swathes of the United States were habitually found to sell for over twice as much as the average property in their home cities, in locations ranging from Virginia Beach and New Orleans all the way through to Chandler, Arizona (https://ibn.fm/2b7a7). In fact, a study carried out by Consumer Affairs found that 70% of American homeowners reported an increase in home value following the installation of solar panels, with three out of four homeowners stating that they would not buy their next home if the property did not boast solar or some type of eco-friendly feature. Nevertheless, current property owners across the United States, more often than not, opt to forgo installing solar panels and other environmentally friendly appliances within their properties, with 22% citing elevated costs as the key rationale underpinning their decision. GeoSolar Technologies (“GST”), a Colorado-based climate technology company, has sought to combat this trend through the introduction of its proprietary SmartGreen(R) Home system – an environmentally friendly, renewable energy focused technology designed to harness energy from the earth and sun to power and purify homes and automobiles without the use of fossil fuels. With 30% of total greenhouse gases originating from households, addressing rising home emissions has rapidly emerged as a key priority within the global climate change agenda. GeoSolar has looked to capitalize on this trend, revealing that the average GeoSolar-powered home could result in a negligible carbon footprint with homeowners disbursing less than $100 per annum in utility bills – a key consideration within an environment of rapidly rising energy costs (www.GeoSolarPlus.com). Nevertheless, initial installation costs remain a daunting obstacle for many current homeowners. Replacing high energy consuming appliances such as refrigerators, dishwashers, washing machines, and televisions with more energy efficient models can run into the thousands of dollars. Meanwhile, the lowest price of a residential heat pump can run close to $2,000, with the price of the typical home solar panel system ranging ever higher, at between $17,000 and $34,000, as per home-improvement digital marketplace, HomeAdvisor (https://ibn.fm/F775s). However, help may be on the way. The U.S. Government passed the Inflation Reduction Act in early August, representing the most ambitious climate-spending package in U.S. history – most critically perhaps, it will look to assist American homeowners with the upfront costs of installing renewable energy home systems, with households improving their energy efficiency poised to reap financial benefits. The package will inject $369 billion into measures to fight climate change, boost energy security and lower electricity costs for consumers. For the most part, the investments will take the form of tax breaks or rebates for qualifying households and businesses. The average household could save about $170 to $220 a year in electricity costs – representing a cumulative $209 to $278 billion over the next decade – due to the bill’s policies according to think tank, Resources for the Future (https://ibn.fm/dzhjW). This is in addition to the average reported savings of $1,587 in annual energy costs, according to customer review company, Consumer Affairs. Adding on to the utility cost savings driven by the bill, the Inflation Reduction Act will also contain a 30% federal tax credit applying to the installation costs of residential solar panels up until 2034 – a measure the White House believes may drive 7.5 million more homeowners to install panels over the period. Overall, residential consumers could qualify for up to $10,000 — or more — in tax breaks and rebates, depending on the scope of their purchases. However, and while homeowners have long sought to add solar panels to their properties in a bid to save on utility bills or to lower their carbon footprints, it is the latest home price data which is likely to play the biggest role in promoting renewable power sources. Previously, studies revealed that homeowners could make a return on the investment on their solar panels in a little over seven years, on average. Nonetheless and with green homes now often selling at a premium of over 100% to the average property in their respective locations, going green may be the easiest way for a property owner to boost their home’s value. GeoSolar Technologies for one, is looking to help them do just that. For more information, visit the company’s website at www.GeoSolarPlus.com. NOTE TO INVESTORS: The latest news and updates relating to GeoSolar Technologies are available in the company’s newsroom at https://ibn.fm/GST

Flora Growth Corp. (NASDAQ: FLGC) 7x YOY Revenue Growth for H1 2022 Affirms Hyper Growth

  • H1 2022 revenue increased to ~$15.0 million, up 604% from H1 2021 and 117% from H2 2021, driven by House of Brands
  • Gross Profit increased to ~$7.0 million, up 547% compared to H1 2021 and 363% compared to H2 2021
  • Company reaffirms its 2022 revenue guidance to range between $35.0 million – $45.0 million, indicating approximately 300% – 400% projected revenue growth from 2021
In August, Flora (NASDAQ: FLGC) released its financial and operating results for the six months that ended June 30, 2022 (https://ibn.fm/NjsJi). As an internationally focused cannabis company, the organization’s management acknowledged how challenging the current global cannabis environment is. However, it also lauded the team’s ability to deliver on plan and the overall company’s focus on its goals for the current financial year. The release indicated that Flora posted total revenue of $14.9 million for the first half of the 2022 fiscal year (“H1 2022”), 7x year-over-year (“YOY”) growth, and 2x sequential growth. This growth was attributed to Flora’s House of Brands division, which include the acquisitions of Vessel and JustCBD. The performance, according to the company’s Chairman and Chief Executive Officer (“CEO”), Luis Merchan, delivered on the company’s promise to double its revenue compared to H2 2021. “In the first half of 2022, Flora delivered on its promise to double revenue compared to the second half of 2021, and we expect to maintain that trajectory to deliver our full-year guidance as a result of continued growth in our House of Brands, the launch of several new brands in the United States and the commencement of sales in our Commercial Wholesale and Life Sciences business,” noted Mr. Merchan (https://ibn.fm/qHPbA). The company kicked off 2022 with the integration of both Vessel and JustCBD. It also saw the bolstering of its human resources following the appointment of former Director of Cannabis for the Florida Department of Agriculture and Consumer Services, Holly Bell, as the Vice President of Regulatory Affairs. Flora also signed a distribution agreement with Giant OTG Management to offer access to JustCBD products in airports within the United States and strengthened its European presence by opening an office in London. All these investments, and more, have paid off significantly for the company, and its management believes that it has achieved a path to profitability. The company has reaffirmed its 2022 revenue guidance to range between $35 million and $45 million, representing growth of approximately 300% to 400% over 2021. “With all three of our core pillars generating revenue in the second half of 2022, continued gross margin expansion and a focus on streamlining operating expenses- we believe we have a path to profitability that few global cannabis companies can achieve in this difficult environment,” noted Mr. Merchan. “The execution of our key initiatives is a testament to our team’s ability to deliver on plan. We will continue to execute as we focus on profitability and long-term value creation,” he added (https://ibn.fm/qHPbA). Flora H1 2022 revenue increased to ~$15.0 million, up 604% from H1 2021 and 117% from H2 2021, driven by House of Brands. Gross Profit increased to ~$7.0 million, up 547% compared to H1 2021 and 363% compared to H2 2021. The company reaffirms its 2022 revenue guidance to range between $35.0 million – $45.0 million, indicating approximately 300% – 400% projected revenue growth from 2021. Going forward, the company is set to benefit from the addition of strategic management players in its team, such as Elshad Garayev, the new Chief Financial Officer (“CFO”), and Brandon Konigsberg, who serves on the Board of Directors as Chair of the Audit Committee and as a member of the Compensation Committee. Flora has also entered into an agreement with Pharma Indigena Misak Manasr Sas (“Manasr”), the largest indigenous tribe in Colombia, to commercialize and sell cannabis products domestically and internationally in partnership with the Misak people. This will further accentuate the company’s performance, particularly given the favorable regulatory tailwind that the company is experiencing already in Colombia. It will also play an integral role in achieving the projected revenue goals for the current financial year. In addition, a recent Zacks SCR report (https://ibn.fm/IRcHy) lists the following key positives for the company in light of their release:
  • 1H22 augers well for meeting targets
  • benefiting from cost advantages
  • favorable regulatory environment
For more company information, visit the company’s website at www.FloraGrowth.com. NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://ibn.fm/FLGC

REZYFi Inc. Addresses Loan Needs of Growing Cannabis Industry Through Subsidiary Companies: REZYFi Lending and ResMac Inc.

  • The global cannabis market is expected to reach $33 billion by 2025, driven by legality and regulation within the market
  • REZYFi is servicing the needs of both traditional and non-traditional consumers and businesses
  • Company targets licensed and permitted cannabis companies, owners of real estate who lease to cannabis companies, and companies and individual homeowners seeking a variety of real estate-related first and additional mortgage-based financing
  • REZYFi’s management team is leveraging its extensive industry experiences in real estate, finance and cannabis to pursue company objectives
The cannabis industry has experienced significant growth in recent years due to the expanding legalization and interest from venture capital firms. This growth is not only being seen in the United States but worldwide. Global cannabis sales are expected to increase from $13.4 billion in 2020 to $33 billion by 2025 (https://ibn.fm/GYkcJ). Legality and regulation are key forces that drive this market in the United States, but banking continues to be a challenge as cannabis companies cannot legally access traditional banking services. The Federal Reserve began raising interest rates in March 2022, which makes it even harder for cannabis companies to raise capital and fuel future growth. As a cannabis mortgage bank servicing the needs of both traditional and non-traditional consumers and businesses, REZYFi is targeting markets that include licensed and permitted cannabis companies, owners of real estate who lease to cannabis companies, and companies and individual homeowners seeking a variety of real estate-related first and additional mortgage-based and project-specific financings – like solar installations and real estate development projects. The company is positioned as one of the first cannabis mortgage bankers in the United States, an arena where most traditional lenders remain reticent to serve state-licensed cannabis companies. To overcome many of the challenges that the companies in the cannabis industry face, REZYFi plans to utilize its corporate strengths to facilitate growth, namely experience, a network of independent brokers, and proprietary technology. REZYFi’s experience comes from a management team with significant expertise that spans a wide range of real estate and financial sectors. This team also has extensive experience in the cannabis and hemp industries, which they will leverage as the company navigates the ever-changing cannabis industry landscape. Over the past five years, REZYFi has developed an extensive network of independent mortgage-related brokers and licensed loan officers, allowing the company to train network members on its new service offerings. REZYFi believes this network is a vital asset as it moves forward in an industry where other firms are abandoning the cause. These strengths, coupled with REZYFi’s proprietary automated/machine learning technology, can shorten the loan processing timeframes and increase overall efficiencies. This allows REZYFi to operate its legacy business at staffing levels meaningfully below its competitors. REZYFi operates through its two wholly owned subsidiaries from its base of operations in Miami, Florida. The first, REZYFi Lending, primarily addresses the emerging real estate-related financing opportunities within the targeted industry. The second, ResMac Inc., is the company’s traditional mortgage origination, correspondent and servicing option. These subsidiaries are licensed to serve 34 states, and the company plans to expand to the remaining 16 states later in 2022. For more information, visit the company’s website at www.REZYFi.com. NOTE TO INVESTORS: The latest news and updates relating to REZYFi are available in the company’s newsroom at https://ibn.fm/REZY

FuelPositive Corp. (TSX.V: NHHH) (OTCQB: NHHHF) Launches Pre-Sale Order Process for Green Ammonia Modules Capable of Securing Farm Fuel Supply

  • Canadian clean energy and fertilizer innovator FuelPositive Corp. has launched its pre-sale application process for its long-awaited onsite, containerized green ammonia production system, capable of providing nitrogen fertilizer for a 2,000-acre farm
  • The system is designed to deliver a solution to farmers’ dependence on uncertain supplies of fertilizer, as well as to eliminate the carbon emissions associated with the production of fertilizer
  • In Europe, a number of large ammonia producers have severely reduced their supply as gas prices continue to soar as a consequence of Russia’s war on Ukraine and the industry’s dependence on Russian gas
  • The reduction of European ammonia supply is expected to further exacerbate fears of food insecurity throughout nations already affected by declining agricultural production in Ukraine and Russia amid the war
The pending food insecurity crisis expected to arise from Russia’s war against Ukraine became more evident this summer as European fertilizer producers cut their output as a consequence of their dependence on Russian gas and Russia’s curbs on gas outflow to them because of the war’s economic strictures. An ocean away, Canadian clean energy and fertilizer solutions innovator FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) announced in August that it has begun accepting pre-sale applications for its technological solution that addresses the very type of challenge being evidenced in Europe — it’s an onsite, modular system for producing green, hydrogen-dense ammonia that farmers and other potential end users can adopt to locally generate and manage fertilizer and fuel without reliance on the vagaries of the fertilizer and fuel supply chain. The containerized green ammonia production system created by FuelPositive is currently being built for a pilot project on the Manitoba crop farm of Tracy and Curtis Hiebert, who became the first pre-sales order customers in April when they committed to purchase a commercial system after testing is completed on the first demonstration system on their farm (https://ibn.fm/0Ue3A). “The FuelPositive system will give us stability. That’s what we like about it. It’s stabilizing the supply and stabilizing the price,” Curtis Hiebert stated in an August news release about the pre-sale program (https://ibn.fm/ZLQNj). Under FuelPositive’s pre-sale terms, interested farmers will use a dedicated email address to express interest in the system and will receive an introductory call to discuss their application, objectives and conditions on their farm, according to the news release. FuelPositive will then create a proposal tailored to their individual requirements to help customers see what will be required of them to produce their own green ammonia with the system. The customers can then enter a pre-sales agreement and secure a position in the production line-up with a deposit. After further planning arrangements, “a sales agreement will be considered to formalize the order,” the news release states. In Europe, ammonia fertilizer production has dropped to about 33% of previous levels, according to estimates by industry researcher CRU Group. Bloomberg reported that Norwegian producer Yara International ASA recently slashed its ammonia utilization, close on the heels of CF Industries’ announcement it will stop ammonia production at its last remaining plant in the United Kingdom. Lithuania’s top fertilizer company Achema AB will temporarily stop ammonia production in September, joining in cuts or cessation of output by producers in Hungary and Poland (https://ibn.fm/gePfa). “It is becoming very obvious that the European energy market is bust,” Fertilizers Europe spokesperson Lukas Pasterski told Bloomberg after wholesale fertilizer prices soared to multiyear highs on commodities insecurity, began to recover, then rose again as gas prices increased. “The system in place fails to handle the current situation,” Pasterski said. The initial base system price for FuelPositive’s system will be CA$950,000, although individual farm conditions may cause the actual price to vary as clients consider adding options or potentially deducting from the base system, according to the company. Once it is produced at scale efficiency, the company also will be able to offer customers greater savings over carbon-intensive ammonia costs. For more information on FuelPositive Corp., visit the company’s website at https://FuelPositive.com. NOTE TO INVESTORS: The latest news and updates relating to NHHHF are available in the company’s newsroom at https://ibn.fm/NHHHF

Correlate Infrastructure Partners Inc. (CIPI) Expands Renewable Energy Industry Reach by Entering Northeast Market

  • Correlate recently announced its letter of intent to acquire Vermont-based Aegis Renewable Energy and plans to use its deep regulatory knowledge, project fulfillment and operations and maintenance capabilities to deliver on and expand its project backlog in the region
  • Correlate is at the forefront of creating industry-leading energy solutions and financing platforms for commercial and industrial sectors
  • The portfolio for energy optimization is a $290 billion market, driving deep financial savings and energy efficiency across the commercial sector
Correlate Infrastructure Partners (OTCQB: CIPI), a technology-enabled energy optimization and clean energy solutions provider for all of North America, is expanding its renewable energy market reach following its recent entry into the Northeast sector. The company announced its nonbinding letter of intent to acquire Vermont-based Aegis Renewable Energy Inc. Aegis is a member of the Amicus Solar Cooperative Network, and a leading commercial, industrial and community solar company focused on project development and engineering, procurement and construction (“EPC”) services in the eastern United States. Completing the acquisition will provide Correlate with strategic abilities to capitalize on the Northeastern renewable energy market. The company intends to use Aegis’ deep regulatory knowledge, project fulfillment and operations and maintenance capabilities to deliver on and expand its project backlog in the region. “Upon completion of this key acquisition, Correlate will add to its highly experienced team and will bring proven success to the Northeast market as a leading renewable energy project developer while creating a compelling fit for expanding Correlate’s energy optimization platform,” CEO and President Todd Michaels stated (https://ibn.fm/2DJKW). The company is at the forefront of creating an industry-leading energy solution and financing platform for the commercial and industrial sectors. It sees tremendous market opportunities in reducing site-specific energy consumption and deploying clean energy generation and energy efficiency solutions at scale to further its mission of advancing clean energy solutions critical in mitigating the effects of climate change. Correlate is accomplishing this through its two subsidiaries – Correlate, founded in 2015, and Solar Site Design, founded in 2013. The company sees opportunities to remove the friction between today’s legacy finance process and the needed clean energy upgrades to drive the necessary changes for the United States to reach its carbon goals by 2050. Commercial buildings are underperforming at every level of energy efficiency, consuming more than 35% of the generated electricity in the United States. Commercial buildings waste energy, emit too much carbon, and are costly for owners and occupants. However, retrofitting is not happening at the rate or scale necessary to meet clean energy goals. Correlate’s transparent and leading-edge model changes value delivery for facility owners and proven solution providers seeking scale. The company believes its rapid growth is due to industry demand for actionable, cashflow positive energy programs and the underlying carbon reduction mandates taking effect globally. Correlate comprises collective experience that spans developing and financing renewable energy projects for many reputable brands and organizations nationwide, including Safeway, Frito Lay, Habitat for Humanity, and more. Completed projects include MGM Mandalay Resort in Las Vegas, the largest rooftop solar project west of the Mississippi; Albertson’s Safeway Portfolio California, with systems supporting more than 40% of usage for each store; Arizona State University in Phoenix, supporting 71% of campus output; and NFL stadiums in California, New York, Washington, and Massachusetts, creating a beacon of sustainability for stadiums around the world. The company is addressing a rapidly growing market encompassing over 5.9 million commercial buildings in the United States, according to the United States Energy Information Administration (https://ibn.fm/ghupu). Through its wholly owned subsidiaries, Correlate has access to an opportunity pipeline of over $100 million in commercial projects with more than $20 million in the awarded backlog. According to the Rocky Mountain Institute, the portfolio for energy optimization is a $290 billion market, driving deep financial savings and energy efficiency across the commercial sector (https://ibn.fm/MWLPj). For company information, visit the company’s website at www.CorrelateInfra.com, including the following: NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI

GeoSolar Technologies Inc. Positioned to Benefit from Biden Administration Plans to Expand Geothermal Technology

  • U.S. Department of Energy recently announced Biden administration plans to reduce geothermal system costs by 90% to $45 per megawatt hour by 2035
  • GeoSolar’s SmartGreen(R) residential and commercial energy systems leverage solar and geothermal energy to dramatically lower or eliminate utility bills
  • Additional SmartGreen(R) system customizations include tightening building envelope, insulation upgrades, LED lighting replacement, EV charging infrastructure
The U.S. Department of Energy (“DOE”) recently announced that the Biden administration plans to reduce geothermal system costs by 90% to $45 per megawatt hour by 2035 (https://nnw.fm/JJHUW). Increased awareness and mainstream adoption of the technology will likely benefit Colorado-based GeoSolar Technologies Inc., a leading climate technology company that develops and markets SmartGreen(R) – a residential and commercial energy system that taps into renewable energy sources to dramatically lower or eliminate utility bills. SmartGreen(R) revolutionizes how residential and commercial building owners heat, cool and power electric appliances and vehicles by leveraging innovative solar and geothermal technology. The company continues to validate SmartGreen(R) throughout multiple test markets with plans to market the system to millions of homes in both warm and cool climates across the United States. “The United States has a vast, geothermal energy resource lying right beneath our feet, and this program will make it economical to bring that power to American households and businesses,” said U.S. Secretary of Energy Jennifer M. Granholm. “DOE’s Enhanced Geothermal Shot will move geothermal technology from research and development to cost-effective commercial adoption, helping energy communities and workers transition to producing clean energy for the future.” According to the DOE, a small fraction of the country’s geothermal energy could affordably power over 40 million American homes, furthering the Biden administration’s goals to hit 100% pollution-free electricity by 2035 and net-zero emissions by 2050. The initiative also presents an opportunity to transition skilled workers from the fossil fuel industry to the “clean” energy sector. SmartGreen(R) accesses geothermal energy by drilling wells 300-400 feet below the earth and inserting high-density polyethylene pipe ground loops to extract power and disperse it throughout the home. In addition to leveraging the power of geothermal technology, the system provides an entire home makeover that includes photovoltaic (“PV”) solar systems, insulation upgrades, LED lighting, building envelope tightening, and other measures to conserve energy and improve efficiency. SmartGreen(R) will soon be accessible to millions of homes across the United States with 100% financing options, tax deductions and utility incentives. In addition, GeoSolar was recently qualified by the U.S. Securities and Exchange Commission to conduct a Regulation A+ capital raise. For more information on GeoSolar’s Regulation A+ capital raise, please visit https://www.manhattanstreetcapital.com/geosolar-technologies-inc. For more information on GeoSolar, visit the company’s website at www.GeoSolarPlus.com. NOTE TO INVESTORS: The latest news and updates relating to GeoSolar Technologies are available in the company’s newsroom at https://ibn.fm/GST

Lexaria Bioscience Corp. (NASDAQ: LEXX) Looking to Provide Bioavailable Oral Treatment for Hypertension, Mitigate Effects of High Blood Pressure

  • Lexaria is a biotechnology company pursuing the enhancement of the bioavailability of a diverse and broad range of active pharmaceutical ingredients (“APIs”)
  • The company has developed the patented DehydraTECH(TM) drug delivery technology, which has been shown to deliver more API at a faster rate than controls
  • Lexaria’s DehydraTECH pipeline includes DehydraTECH-CBD for the treatment of hypertension
  • Through pre-clinical studies, DehydraTECH-CBD has been shown to decrease systolic blood pressure among hypertensive volunteers
  • The company intends to file an Investigational New Drug (“IND”) application and has already received confirmation that the FDA agrees with its proposed abbreviated pathway under section 501(b)(2)
Oral delivery remains the preferred route of administering drugs among cooperating and conscious patients. But some drugs do not have the desired physicochemical and pharmacokinetic characteristics that favor oral administration, an issue that is linked to poor bioavailability. This has often led to the use of other routes or prompted the administration of higher doses, with the latter causing toxicity concerns and risks tied to erratic and unpredictable responses. These challenges, coupled with the fact that more than 90% of therapeutic compounds are known to possess oral bioavailability limitations, have necessitated research that explores ways to enhance oral drug bioavailability (https://ibn.fm/xQ0vX). The research has been spearheaded by scholars and scientists as well as companies such as Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms. A biotechnology company focusing its attention and resources on pursuing the enhancement of the bioavailability of a diverse and broad range of active pharmaceutical ingredients (“APIs”), Lexaria developed the patented DehydraTECH(TM) drug delivery technology. Designed to be incorporated into the formulation and manufacturing process of existing or new topical and ingestible products, the technology works with existing physiological systems to facilitate enhanced and more rapid absorption of drugs into the bloodstream and cells. In fact, the company has evidenced, through in vivo, in vitro and pre-clinical testing, that DehydraTECH delivers more API at a faster rate than controls, enabling more effective drug absorption. The testing has so far involved APIs such as cannabidiol (“CBD”), PDE5 inhibitors, antiviral drugs, and nicotine, each at different stages of product development. This DehydraTECH pipeline, Lexaria says, is addressing severe unmet patient needs. Its DehydraTECH-CBD compound, for example, specifically targets the hypertension space; in the U.S., about 47% of adults, or 116 million people, have hypertension, with only about 24% having the condition under control (https://ibn.fm/ZEKeM), while globally, hypertension affects more than 1 billion people, or about 30% of the adult population (https://ibn.fm/sdKDi). A person is considered hypertensive if and when their systolic blood pressure (when the heart is beating) exceeds 130 mmHg or their diastolic blood pressure (when the heart is at rest) is greater than 80 mmHg or if they are on hypertension medication. This heightened pressure has several consequences, including the fact that it makes arteries less elastic, effectively damaging them. This damage, in turn, decreases the blood flow and oxygen to the heart, leading to heart disease. The decreased blood flow also increases the risk of stroke. In extreme cases, hypertension causes death. In 2020, over 670,000 people died from hypertension in the United States, according to the Centers for Disease Control (“CDC”). Globally, the World Health Organization (“WHO”) reports, 7.5 million people die from high blood pressure annually (https://ibn.fm/HCtyI). Unfortunately, some of these deaths occur among patients who may not have noticed any symptoms, leading to the recognition of hypertension as a “silent killer.” The good news? There are several approved blood pressure medications, with scores still under development or evaluation, including Lexaria’s DehydraTECH-CBD. In its human pre-clinical studies, Lexaria has shown that DehydraTECH delivers 317% more CBD to the bloodstream. Its HYPER-H21-1 study demonstrated that DehydraTECH-CBD results in a rapid and sustained drop in blood pressure, particularly systolic pressure and especially in stage 2 hypertensive volunteers (those whose systolic pressure exceeds 140 mmHg). In addition, the company separately showed, through its HYPER-H21-2 study, that its drug candidate results in a 23% average reduction in overnight blood pressure and reduces arterial stiffness, while its HYPER-H21-3 study demonstrated attenuated pulmonary artery systolic pressure by -5 mmHg (https://ibn.fm/hCT43). Motivated by the positive results, Lexaria is marching toward filing an Investigational New Drug (“IND”) application, having already received confirmation from the U.S. Food and Drug Administration (“FDA”) that the agency had agreed with the company’s proposal to pursue the 505(b)(2) new drug application (“NDA”) abbreviated regulatory pathway (https://ibn.fm/NQaBK). For more information, visit the company’s website at www.LexariaBioscience.com. NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://ibn.fm/LEXX

Freight Technologies Inc. (NASDAQ: FRGT) Using Technology to Help Customers Overcome Challenges of Cross-Border Logistics, Greatly Improving Efficiency

  • Freight Technologies is a technology company that develops solutions aimed at optimizing and automating the supply chain process
  • The company’s solutions include Fr8App Platform, Fr8FMS, cloud-based Fr8TMS, Fr8Radar, Fr8Data, and Fr8Fleet
  • Early this year, Freight Technologies unveiled Fr8Fleet, a technology solution for committed capacity planning, and announced it had secured its first contract for this product with Kimberly Clark de Mexico (“KCM”)
  • The company recently reported an expanded relationship with KCM following an agreement to include the Fr8App platform for cross-border logistics for shipments from Mexico to the U.S.
An insights report by multinational KPMG, entitled “The challenges of cross-border international trade,” lists logistics and supply chain as one of the major impediments businesses and suppliers must overcome to build effective and adequate cross-border trading capacity. “Tracking orders, determining liabilities for in-transit goods, and meeting promised delivery timeframes can all be more challenging in cross-border trade due to multicarrier handoffs and border delays,” the report underlines (https://ibn.fm/8qQPg). In addition to choosing between cross-border shipping or localized fulfillments – two core options to handle the complexity of international logistics – the report recommends the use of technology. “Technology can further simplify the challenges through multi carrier software platforms (also known as logistics control towers), which can select the most appropriate shipping partners and plan routes, prepare parcels for export, and pass on the exporter of record and liability elements to third parties,” the report explains. Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a technology company that develops solutions aimed at optimizing and automating the supply chain process, has always understood the importance of integrating technology into logistics. Through its wholly owned subsidiary Freight App, Inc. (“Fr8App”), the company offers solutions such as the Fr8App Platform, a B2B cross-border shipping marketplace powered by artificial intelligence (“AI”) and machine learning; Fr8FMS, a solution that enables transportation companies and owners to handle their own fleet, thereby reducing operational costs; cloud-based Fr8TMS that allows users to manage fleet and request freight services on the marketplace; Fr8Radar; and Fr8Data. These technology solutions, the company holds, aim to contribute to its customers’ success by improving their efficiency and profitability. In a February 7 news release that further embodies this commitment, Fr8Tech unveiled Fr8Fleet, a technology solution that facilitates capacity planning by enabling corporate shippers to purchase fleet capacity over time – rather than on a trip-by-trip basis – in exchange for a flat fee (https://ibn.fm/g3FCv). According to CEO Javier Selgas’s comments on the new technology, Fr8Fleet affords participating carriers a steady stream of revenue while solving the need by shippers to secure capacity over time, particularly in the current tight market. As part of the unveiling, Fr8Tech also announced an agreement with the first corporate client for its Fr8Fleet technology, Kimberly-Clark de Mexico, S.A.B. de C.V. (“KCM”), a leading public company in Mexico that manufactures and commercializes branded consumer products. The initial arrangement was later expanded to include dedicated truck services on the Fr8App Platform for KCM as well as traditional spot services within domestic Mexico. Fr8Tech and KCM recently expanded their working relationship even further when the former announced that its Fr8App Platform for KCM would now support cross-border logistics for shipments from Mexico to the United States. As a result, Fr8Tech now supports three types of logistics services for the consumer products manufacturer (https://ibn.fm/RwjLn). “Pleased with the level of service and value KCM received from Fr8Fleet and domestic spot services, KCM logistics management chose the Fr8App platform to address their needs for the U.S./Mexico cross-border traffic,” commented Javier Selgas. “As KCM is one of the top consumer product manufacturers in North America, this important development validates Fr8Tech’s platform and services. KCM’s expanding relationship highlights our potential to increase business with existing customers as well as capture more transportation logistics trade from corporations of all sizes.” Fr8Tech aims to revolutionize logistics operations for brokers, carriers, and shippers by leveraging technology infrastructure to improve experiences and efficiency. The infrastructure combines everything in a single control center, optimizing logistics, making fleets more efficient, and reducing transportation costs. For more information, visit the company’s website at www.Fr8Technologies.com. NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://ibn.fm/FRGT Corporate Communications IBN (InvestorBrandNetwork) Los Angeles, California www.InvestorBrandNetwork.com 310.299.1717 Office Editor@InvestorBrandNetwork.com

Flora Growth Corp. (NASDAQ: FLGC) Agreement with Colombian Tribe Strengthens Cannabis Production Supply Chain

  • Flora Growth is a global cannabis brand-builder focused on the cultivation of product at a central Colombian facility and marketing through a design-led international supply chain
  • Flora recently announced an agreement with Colombia’s Misak tribe for cooperative processing and distribution of cannabis, drawing on the tribe’s licensing advantage to accelerate the pair’s marketing capacity
  • Flora is headquartered in Canada, but its strength lies in its Colombian-based cultivation operations centered in Colombia, one of the largest licensed outdoor operations in the world
  • In recent years, Colombia’s government has been working to create a legalization framework for cannabis cultivation, processing and exportation to shake off its legacy of illegal drug trade violence
Canada-headquartered global cannabis brand-builder Flora Growth (NASDAQ: FLGC) is increasing the strength of its supply chain, centered in its 100-hectare (about 247-acre) cultivation facility located in the heart of Colombia’s green climate, by finalizing a distribution agreement with the Misak indigenous tribe’s pharmaceutical arm. “Through this partnership, we will collaborate with the tribe on the processing and distribution of their Colombian-grown cannabis while offering Manasr a powerful platform for product distribution,” Flora Growth Chairman and CEO Luis Merchan stated in an August news release announcing the arrangement (https://ibn.fm/UAD84). “In return, Flora will be able to leverage the tribe’s unique regulatory positioning to expedite exports and increase global market penetration of Colombian cannabis goods.” Pharma Indigena Misak Manasr Sas, referred to simply as Manasr, is the tribe’s pharmaceutical enterprise, which in 2020 became the first native community business to receive a license from the national Ministry of Justice for producing legal cannabis for medicinal and scientific use, according to Google’s English translation of a local news report (https://ibn.fm/qA8aR). Flora Growth will assist the tribe with regulatory advice, as well as technical and business support and market promotion for Flora Growth-branded products, particularly as the tribe enters the international supply chain, as Merchan indicated. The agreement is for three years, with the potential to become a lasting, long-term collaboration. Prior to the June elections that established Colombia’s current national administration, the country underwent progressive drug policy changes in an effort to cast off its reputation as a haven for illegal drug trade and related organized crime violence. The normalization of the economy and legalization of cannabis commerce for medical purposes with regulated foreign exports have led to a revolutionary new energy for Colombia’s trades, which continues to be supported under the new administration. Flora’s Cosechemos facility provides cultivation, extraction and isolation operations at the city of Bucaramanga, supplemented by GMP-certified processing at a facility in the nation’s capital, Bogotá. Flora has established exports to Mexico and Spain and opening doors to the United Kingdom and the United States. The company recently reported its financial results for the first half of 2022, showing a 604 percent YOY growth in revenues as its design-led product profile and capital acquisitions gain market attention. The revenue growth was also a 117 percent increase over the second half of the previous year (https://ibn.fm/xz0Vw). For more information, visit the company’s website at www.FloraGrowth.com. NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://ibn.fm/FLGC

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