Stocks To Buy Now Blog

Stocks on Radar

Cepton, Inc. (NASDAQ: CPTN) Receives Letter of Intent for Up to $100 Million Investment from Strategic Investor; Lidar Technology’s Total Addressable Market Projected to Expand Exponentially

  • Cepton received a letter of intent from Koito for an investment of up to $100 million to help fund Cepton’s next stage of growth as it scales for mass market deployment
  • Lidar technology within urban settings is becoming increasingly ubiquitous across automotive (i.e., assisted driving & autonomous vehicles) and smart infrastructure
  • Since being the recipient of the largest known ADAS contract from an automotive manufacturer within the lidar space, Cepton maintains a major frontrunner
Cepton’s (NASDAQ: CPTN) long-term automotive Tier 1 partner, Koito Manufacturing Co., Ltd. recently revealed that it had provided Cepton with a Letter of Intent representing an investment of up to $100 million to help fund Cepton’s next stage of growth as it seeks to scale its lidar solutions for mass deployment (https://ibn.fm/2nIDH). This investment would bolster Cepton’s balance sheet and allow the company to develop the manufacturing and supply chain capabilities it needs to meet the expected demand from the rapidly expanding lidar market. Lidar technology has become increasingly ubiquitous, particularly within urban settings. For example, Chinese tech giant Baidu recently revealed that its autonomous vehicle-powered ride-hailing service had successfully processed its one millionth ride, a remarkable feat achieved only twenty-four months post the service’s inception (https://ibn.fm/eFcU0). Whilst Baidu’s milestone was remarkable, the foundations of its achievement lay several years in the past when the company opted to equip its autonomous driving vehicle fleet with lidar sensors, thereby enabling its cars to reliably navigate roadways in real time whilst simultaneously detecting objects, vehicles and people that posed a potential collision threat (https://ibn.fm/BIOBj). From powering autonomous vehicles across Beijing to controlling traffic volume in South Africa, lidar technology has proven itself as a robust, versatile 3D perception tool with a plethora of use cases (https://ibn.fm/rYug1). In support of these types of innovations, U.S. Rep. Bob Latta, R-Ohio, introduced the SELF – DRIVE act, a bill aimed at forming a federal regulatory framework designed to spur the development of autonomous vehicles in the U.S. The successful passing of this bill has been heralded by the U.S. Chamber of Commerce as a key step towards furthering the development of self-driving cars and ultimately, lidar technology within the nation (https://ibn.fm/eC8Ek). Outside of the highly publicized and buzzing autonomous vehicle market, smart infrastructure presents a strong use case for lidar sensors. In fact, a recent market study forecasts the total addressable market for lidar technology within smart infrastructure (e.g., crowd analytics, perimeter security, road traffic management, electronic tolling, etc.) to rise from $1.5 billion in 2025 to $14 billion by 2030 (https://ibn.fm/hQUOI). A key use case for lidar has been within traffic intersection management solutions, which carry the capabilities to store data on accidents to help the municipality understand the traffic situation. In addition to providing reports to help build better models of simulated traffic scenarios for the development of AVs (https://ibn.fm/KGPBW). The deployment of lidar technology has enabled city planners to simultaneously gain perspectives on additional road users such as pedestrians, cyclists, and scooters, which has been critical to their ability in developing strategies around resolving traffic flow patterns and safety issues going forward. Cepton lidars has also partnered with surveillance managements, providing anonymized data by eliminating concerns around personal identifiable information as many patrons might object to being monitored (https://ibn.fm/h4vME). Cepton, a Silicon Valley innovator and pioneer within high-performance lidar solutions, has rapidly emerged as a leader amongst its peers – deploying its unique capabilities across a host of different environments, ranging from traffic systems in Cape Town, South Africa to airport terminal monitoring in the U.S. For more information, visit the company’s website at www.Cepton.com. NOTE TO INVESTORS: The latest news and updates relating to CPTN are available in the company’s newsroom at https://ibn.fm/CPTN

Video Sizzle Reel from Friendable Inc. (FDBL) Highlights 360-Degree Music Artist Platform Offering for Independent Artists Looking to Break Record and Manager Control

  • Friendable has launched a direct search for brand ambassadors that will become the identifiable faces for the Fan Pass Live 360-degree music artist platform offering
  • The Fan Pass Live 360-degree music artist platform provides the support, services, and products necessary for artists to produce, distribute, and market their music independently
  • The company expects a strong year and future as it advances further into its independent music artist offering
Friendable (OTC: FDBL), focused on its 360-degree music artist platform offering, has released an all-inclusive video sizzle reel to highlight the various support services, promotions, and products specifically designed for independent music artists. Promoting its offering – Fan Pass Live, Artist Republik, and FeaturedX – the company’s video sizzle reel is an additional step to help support independent music artists with production, distribution, marketing, and earning revenue for their work. The complete video sizzle reel can be found at https://ibn.fm/AglNi. In addition to the sizzle reel release, the company has engaged in certain negotiations and launched a direct search for brand ambassadors that will become the identifiable faces for the Fan Pass Live 360-degree music artist platform offering. “The company had previously identified artists and opportunities that fit this need for our brands and has made the decision to announce and expand our search to include artists who have expressed interest in joining us as ambassadors, as well others who may not know we are seeking these relationships,” said Robert A. Rositano Jr., CEO of Friendable (https://ibn.fm/nXnNd). “Creating a video reel that showcases our offering was the best way to share everything in our arsenal with the entire artist community.” Friendable’s flagship offering, Fan Pass Live, was released in July 2020 and provided independent artists with the opportunity to present their music on a digital stage format. The company announced the acquisition of Artist Republik and FeaturedX in January 2022 – completing its 360-degree music artist platform offering. Collectively, the Company can now provide independent artists with the means necessary to produce, distribute, and market their music while keeping the revenue they deserve without the binding control of record labels or managers. Artists can now take their music to the next level, utilizing the Company’s expanded portfolio of services, including:
  • Music distribution and management
  • Music production assistance
  • Press release and Instagram promotion
  • Digital storefront activation
  • Artist marketplace for collaborations
  • Merchandise, logo, and promotional design support
  • Virtual concert booking and ticketing mobile streaming service
  • Live streaming support
  • Revenue from fan tips, monthly artist contests, merchandise, and ticket sales
  • Monthly artist contests
  • NFT development and Metaverse performances – coming soon
The most recent contest promoted by the company, Song of the Summer by Artist Republik, received an outpouring of support from the independent artist community. Artists were allowed to submit songs in various genres for a cash prize of $1000 per genre. Although official winners have not been announced, The Nottingham Post has revealed one of the contest’s winners in the pop-genre category and the overall contest – Sharon Watkins. Since the contest, Watkins has reported over 20,000 streams on Spotify (https://ibn.fm/9SAax). Rositano discussed the future of the company and finished the announcement, underlining that it’s been a consistent effort to balance the past with the opportunities of the future, and the Friendable team has always stayed focused and committed to providing real solutions to the artists and the community in general. “We are coming out of an intense period of development, acquisitions, technology upgrades, and general business-related action items that we believe will truly stabilize our growth strategy and ability to hit significant valuation milestones as we head into Q4 and 2023; thank you all for your unwavering support, stay tuned,” he added. Friendable’s plans for the remaining year and into the future are strong, as demonstrated by Rositano’s concluding statement. For more information, visit the company’s websites at www.Friendable.com or www.FanPassLive.com. NOTE TO INVESTORS: The latest news and updates relating to FDBL are available in the company’s newsroom at http://ibn.fm/FDBL

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) Is ‘One to Watch’

  • As of September 7, 2022, the company had a market capitalization of C$235 million
  • In the period ending June 30, 2022, Eloro reported C$14.4 million in cash on hand
  • The company’s stock is covered by analysts from Cantor Fitzgerald and Haywood Securities
  • Eloro has raised more than C$40 million in multiple financing deals
  • Eloro’s strong management and technical team is working diligently to uncover the immense value of the Iska Iska and La Victoria projects, both of which are located in mining-friendly jurisdictions
Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) is a publicly traded exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. The company has an option to acquire a 99% interest in the highly prospective Iska Iska Property, classified as a silver-tin polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department of southern Bolivia. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru, some 50 kilometers south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometers. La Victoria has good infrastructure, with access to road, water and electricity, and is located at an altitude that ranges from 3,150 meters to 4,400 meters above sea level. The company has a strong management and technical team working diligently to uncover the value of both Iska Iska and La Victoria. Eloro is based in Toronto, Canada. Projects Iska Iska – Potosi, Bolivia Iska Iska is associated with a Miocene possibly collapsed/resurgent caldera, emplaced on Ordovician age rocks with major breccia pipes, dacitic domes and hydrothermal breccias. The property is wholly controlled by the title holder, Empresa Minera Villegas S.R.L. It is located 48 kilometers north of Tupiza city, in the Sud Chichas Province of the Department of Potosi. This is an important mineral deposit type in the prolific South Mineral Belt of Bolivia. Eloro commissioned a NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited and is available on Eloro’s website and under its filings on SEDAR. A fully financed drill program is currently underway on the property, situated near world-class deposits including Silver Sand, San Bartolomé, Pulacayo, San Cristobal, San Vicente, Chorolque, Tasna, Choroma and Siete Suyos. Iska Iska is in the southwest part of the Eastern Cordillera, which hosts a number of major polymetallic mines and mineral deposits. Drilling and continuous channel sampling results have demonstrated some very high metal values, especially silver and tin, within an immense system, where mineralization has been encountered in every drill hole to date. The company believes there is excellent potential for world-class bulk mineable deposits. La Victoria – Ancash, Peru The La Victoria project, targeting gold and silver production, is situated near world-class, low-cost gold producers Pan American Silver and Barrick Gold Corporation. Located in Ancash Department, La Victoria sits on the western slopes of the Peruvian Andes. The property is located 12 hours from Lima, with a travel distance of 600 kilometers. The nearest road accessible population centers from La Victoria are Huandoval, Pallasca and Cabana. The project includes four principal mineralized zones in Peru’s prolific North-Central Mineral Belt – San Markito, Victoria, Victoria South and Ccori Orcco – with excellent potential for gold discovery. Operations at La Victoria are planned to proceed with a 2,000-meter diamond drilling program to test targets to outline potential resources at San Markito. Trenching and sampling confirmed high silver values and veins at San Markito in 2020. Market Outlook According to industry association The Silver Institute, the outlook for silver demand is exceptionally promising, with global demand forecast to rise to a record high of 1.112 billion ounces in 2022. The increase will be driven by record silver industrial fabrication, which is forecast to improve by 5%, as silver’s use expands primarily in solar energy and electric vehicle (“EV”) manufacturing. The institute states that government commitments to carbon neutrality have resulted in a rapid expansion of green energy projects, driving record photovoltaic panel installations which are expected to lift silver demand in this segment to an all-time high in 2022. Rising demand in the electronics industry is also boosting the demand for tin, which is primarily used in solder. The electronics and electrical industries use solders containing 40-70% tin, which provide strong and reliable joints under a variety of environmental conditions. At present, the majority of the assemblers are using patented tin-and-copper-based solders. Mordor Intelligence estimated tin demand at 387 kilotons in 2021 and forecasts demand growth of 2.5% annually through 2027. Over the medium term, surging demand from the EV market and increasing applications in the electrical and electronics industry is expected to drive the market. Management Team Thomas G. Larsen is CEO of Eloro. He has more than 40 years of experience in the investment industry, specializing in corporate finance and management of junior resource companies, raising in excess of C$200 million. He previously held the position of President and Chief Executive Officer of Champion Iron Limited. Prior to that, he was President and Chief Executive Officer of Champion Iron Mines Limited. Dr. Bill Pearson is Executive VP of Exploration for Eloro. He has more than 40 years of direct experience in the exploration and production of minerals worldwide. He played an integral role in the acquisitions of Desert Sun Mining Corp. by Yamana Gold in 2006 and Central Sun Mining by B2 Gold in 2009. He was formerly VP Exploration at Desert Sun Mining and Senior VP at Central Sun Mining. Miles Nagamatsu, CPA, is CFO at Eloro. He has over 30 years of experience in accounting, management, lending, restructurings and turnarounds. Since 1993, he has acted as a CFO of public and private companies primarily in the mineral exploration and investment management sectors. He holds a Bachelor of Commerce degree from McMaster University. Osvaldo Arce Burgoa is General Manager at Eloro. He is a geological and mineral processing engineer with 26 years of experience in Bolivia. He is a former President of the Bolivian Geological Society, Main Technical Advisor of the National Mining Corporation (COMIBOL) and has served as exploration manager and chief geologist at various mining and exploration companies. He has authored two books on Bolivian geology and holds a doctorate in mining engineering from Tohoku University in Sendai, Japan. For more information, visit the company’s website at www.EloroResources.com. NOTE TO INVESTORS: The latest news and updates relating to ELRRF are available in the company’s newsroom at https://ibn.fm/ELRRF

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

From Our Blog

Nightfood Holdings Inc. (NGTF) Builds Robotic Coordination Layer as Autonomous Fleets Scale

September 2, 2026

As robotics adoption accelerates, the challenge is shifting from building individual machines to making increasingly diverse robotic fleets work together. A cleaning robot, delivery robot, industrial arm and laboratory system may each perform its assigned task autonomously, but coordinating those machines across a facility can still require significant human oversight. That creates an opportunity for […]

Rotate your device 90° to view site.