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Mullen Automotive Inc. (NASDAQ: MULN) Signs ‘Milestone’ Agreement with Amazon Delivery Partner for Fleet of EV Vans

  • Mullen signed a binding agreement with DelPack Logistics for up to 600 Mullen Class 2 Electric Cargo Vans
  • The agreement “puts our Class 1 cargo van program front and center for last-mile delivery opportunities,” says Mullen CEO
  • A recent study indicated the last-mile delivery market in North America is projected to see incremental growth of $59.81 billion between 2020 and 2025
In the competitive electric vehicle (“EV”) world, Mullen Automotive (NASDAQ: MULN) stands apart. The Southern California–based company owns and partners with several synergistic businesses to create clean and scalable electric vehicles and energy solutions. The company’s ability to reach this goal can perhaps be measured by its success, which was recently on display when Mullen inked a deal with DelPack Logistics LLC (“DPL”) for up to 600 Mullen Class 2 Electric Cargo Vans (https://ibn.fm/iKHKn). The two companies entered a binding agreement earlier this month calling for DPL, an Amazon delivery service partner, to purchase the EVs over the next 18 months; the first 300 will be ready for delivery by Nov. 30, 2022. All 600 vehicles, which will be fully homologated for the U.S. market, will include a “cabin-comfort” package featuring adjustable seats, cup holders, an infotainment system and comfortable passenger seat; they will also meet U.S. standards for airbags and safety and will carry a minimum of an 80-kilowatt-per-hour battery pack. “This agreement is a milestone for Mullen Automotive,” said Mullen CEO and chair David Michery. “DelPack is a leader in last-mile package delivery, and this agreement puts our Class 1 cargo van program front and center for last-mile delivery opportunities.” Last-mile delivery is the term for the final step in the process of delivering a product from warehouse shelf to the buyer’s door; this last step is typically the most expensive and time-consuming part of the shipping process, often representing a pain point for many companies (https://ibn.fm/6WQ7s). A recent study indicated that the last-mile delivery market in North America is projected to see an incremental growth of $59.81 billion between 2020 and 2025. “The market witnessed a YOY growth of 14.80% in 2021, and the growth momentum is expected to accelerate at a CAGR of 16% during the forecast period,” reported Technavio (https://ibn.fm/d5wQK). DelPack is committed to being an effective player in the last-mile space. The company’s priority is to bring smiles to Amazon customers while consistently outperforming expectations and providing a safe and well-compensated work environment for its valued employees. “DelPack is excited about an opportunity to take part and participate in a global green and sustainable initiative,” said DelPack partner Eugene Goldberg. Mullen’s involvement in the last-mile market is only a small piece of what the company is working to do. Mullen and its partner companies are focused on creating clean and scalable energy solutions in diverse ways. Its product lineup includes three models — the Mullen Five, Dragonfly and EV cargo vans — manufactured in state-of-the-art production facilities in the United States. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the company is dedicated to providing exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership. For more information about the company, visit www.MullenUSA.com. NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://ibn.fm/MULN

GeoSolar Technologies Inc. Seeks to Target the Impending Global Energy Crisis

  • Rising electricity demands on the back of ongoing climate change is set to result in higher energy expenditures and carbon emissions in coming years
  • GeoSolar Technologies have sought to address this issue through the creation of its proprietary SmartGreen(TM) Home system
  • The technology will be designed to make use of geothermal, solar, and renewable energy sources to help transition households towards energy independence
  • The company estimates that its technology could eventually help to reduce carbon emissions within the United States by as much as 1.9 trillion pounds per year
Deaths. Melting tarmac. Power outages. These are images which have been reproduced time and time again over recent months, the consequences of summer heatwaves which have become more intense across the world, routinely pushing temperatures above 40 degrees Celsius (104 degrees Fahrenheit). As temperatures soar, so too does the demand for ways to stay cool; according to the International Energy Agency, the stock of global air conditioners is set to rise by 163 percent to over 5.5 billion units by 2050 (https://ibn.fm/viKAH). In fact, the new electricity demand posed by the growing use of air conditioners over the next thirty years alone will be equivalent to the present combined electricity generation capacity of the US, EU, and Japan. GeoSolar Technologies (“GST”), a Colorado-based climate technology has sought to address the systemically unsustainable growth in energy demand through the creation of its proprietary SmartGreen(TM) Home system, a system designed to harness energy from the earth and sun to power and purify homes and automobiles without the use of fossil fuels. In 2018, U.S. energy expenditures clocked in at $3,891 per person, a remarkable figure given that it accounted for nearly 6.3 percent of GDP that year (https://ibn.fm/vu9wG). Nevertheless, that figure is set to rise even further in 2022, with annual average WTI (West Texas Intermediate) crude prices trading nearly 54 percent above their 2018 equivalent. However, energy costs quantify only one part of the energy dilemma. Approximately 20 percent of US energy-related greenhouse gas (“GHG”) emissions stem from heating, cooling, and powering households. To put that into context, if US households were to be classified as a country, their emissions would transform them into the world’s sixth largest GHG emitter- comparable to Brazil and larger than Germany (https://ibn.fm/8g5Ri). Moreover, and by 2050, the United States is set to add an estimated 70-129 million residents and 62-105 million new homes. With fewer than 3 percent of U.S. homes currently powered by solar energy, the environment ramifications could be unfathomable. Through their SmartGreen(TM) Home system, GeoSolar Technologies have sought to address both the issues posed by soaring energy costs as well as the growing carbon emissions crisis. GST’s technology enables a household to capture the sun’s energy to account for all its energy requirements, thereby negating the need for households to depend on utilities – or be faced with increasingly exorbitant energy bills. Furthermore, SmartGreen(TM) Home harnesses the Earth’s exterior environment to keep the home at a perfect temperature year-round, with the company’s proprietary air purifying unit ensuring that the air inside the home remains safe – an increasingly vital consideration amidst the spread of airborne viruses. With its revolutionary residential technology already installed in multiple test homes in Colorado, tests have shown that households using the SmartGreen(TM) Home system boast some of the most impressive energy efficiency ratings in the industry (https://ibn.fm/n8iJ6). GeoSolar Technologies has followed on from these trials by recently releasing estimates suggesting that if every home in America were to make use of its technology, U.S. carbon emissions would be reduced by an estimated 1.9 trillion pounds per year – a key requirement if the United States is to meet its forecast net-zero emissions ambitions by 2050. In fact, a recent statement from Marilyn Lopez, Partner and Co-Founder of TAG Collective, a company currently overseeing GST’s company’s marketing efforts for its upcoming Reg A+ offering could perhaps best sum up GeoSolar Technologies’ prowess and capabilities. “There may not be a company in the climate technology industry that is doing more in the battle against rising global temperatures.” 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

DGE’s 3rd Aligning Drug Safety Functions& REMS Summit to Assess Risk Management Strategies

Medical professionals and executives from the pharma, biotech, and medical device community, are invited to attend the 3rd Aligning Drug Safety Functions & REMS Summit being live-streamed on September 12-13, 2022. The theme of the summit is to help professionals to assess and track risk management processes and functions across all safety departments in the medical arena. The event is hosted by Dynamic Global Events (“DGE”), a Life Science leader in organizing B2B events. The global event company is well known for hosting well-curated conferences where executives and industry leaders from different health niches can discuss ways of improving and streamlining medical, health, and drug-related procedures and standards. The virtual DGE summit will be attended by eminent industry leaders who will share keynotes and host panel discussions on important topics of the summit. The conference will be a learning experience for participants where they will get valuable tips and suggestions from speakers for effective strategies and minimizing risk. The summit offers detailed discussions on effective communication with safety teams, selecting and cooperating with vendors, and coping with technological and regulatory changes that impact risk management and pharmacovigilance. The COVID-19 pandemic has created numerous hardships. Regulatory authorities have provided new guidelines during the pandemic that has the potential to impact ongoing regulatory expectations. Top reasons to attend:
  • Hear Progressive Cross-Functional Work streams Across the Product’s Lifecycle- A New Era of Safety
  • Determine Global Risk Management Strategy and REMS
  • Effective Ways to Build and Communicate with Safety and Risk Teams
  • Discuss the regulatory concerns and patient safety with sponsors and vendors
  • Learn the new technologies and communicate with vendors effectively
  • Understand vendor selection strategies and oversight methodologies
  • Ensure the safety of patients and HCPs with appropriate drug information
The conference will commence with opening remarks from the chairperson, moving on to discuss the key challenges and impacts across the three vital subject pillars: people, process, and technology. Attendees will get clear insights on how to ensure REMS program launch success. In addition, post-marketing assessment of medicines plays a key role for better defining drug safety profiles in real-world settings. Learn the strategies that optimize cross-functional Risk Management, Pharmacovigilance, and REMS Teams. To learn more, please visit https://ibn.fm/2fZTl.

Correlate Infrastructure Partners Inc. (CIPI) Empowering Investors, Commercial Real Estate Owners to Profitably Implement Sustainable Practices and Realize Returns

  • Correlate Infrastructure Partners is a portfolio-scale development and finance platform that offers a complete suite of clean energy solutions for the commercial real estate industry
  • A report by the investment managers at Morgan Stanley’s Real Estate Investing (“MSREI”) arm established that sustainable practices drive the value of real estate
  • Their analysis, which focused on five financial indicators – revenue, operating expenses, financing cost, leasing expenses, and property value – documented how investors can draw additional value from sustainability investments
  • Correlate is enabling commercial real estate owners and investors to realize monetize benefits by financing, designing, building, and maintaining building efficiency and energy efficiency projects
According to the 2021 Global Status Report for Buildings and Construction, buildings accounted for 37% of energy-related carbon dioxide (“CO2”) emissions and 36% of global energy demand in 2020. And though these figures represent a drop from 38% and 37%, respectively, in 2019, the report advised that the pandemic-driven decline is temporary since the emissions and energy demand are poised to increase with growing economic activity (https://ibn.fm/YT7sS). And with experts warning that, if left unchecked, the emissions could double by 2050 (https://ibn.fm/SMWvw), regulators, investors, nongovernmental organizations, and tenants are increasingly mounting pressure on the real estate sector to implement best practices that not only improve sustainability but also reduce greenhouse gas (“GHG”) emissions. As this happens, property investors like Morgan Stanley’s Real Estate Investing (“MSREI”) arm are recognizing other possible outcomes beyond the environmental benefits, and Correlate Infrastructure Partners (OTCQB: CIPI) is empowering real estate investment trusts (“REITs”), investors, and commercial property owners to profitably implement the sustainable practices and enjoy these favorable monetary outcomes. In a report, the MSREI investment managers observed an emerging global trend that has seen efficiency and performance optimization drive the value of real estate (https://ibn.fm/KissS). “Overall, the real estate investment team estimates that a typical building that integrates sustainable practices could help reduce building expenses by 3 to 30%, creating $3.5 billion to $34.9 billion of asset value in the top 10 U.S. markets in the process,” an excerpt from the report reads. The MSREI brief analyzed the impact of sustainability investments on ten real estate return factors through the lens of financial indicators such as revenue, operating expenses, financing cost, leasing expenses, and property value. It noted that “real estate portfolios that integrate sustainability may be better positioned to attract and retain reliable, long-term occupants,” hence boosting revenue. The practices also reduce operating expenses related to waste disposal, water, and energy and are more likely to attract favorable debt terms as bankers and investors seek to reward real estate companies that embrace sustainability. Additionally, green buildings are linked to lower leasing expenses as a result of reduced carry costs because of less downtime. Finally, sustainable practices have been shown to trigger property appreciation – retrofitting buildings and optimizing their energy usage directly impacts net operating income (“NOI”) by lowering operating costs or increasing revenue. And according to the brief, a higher NOI increases the value of a property. In understanding the benefits of putting up efficient and energy-optimized buildings, Correlate has committed to helping commercial real estate owners improve their buildings’ NOI, lower carbon emissions, and reduce deferred maintenance. Correlate is a company that offers a complete suite of proprietary clean energy assessment solutions for the commercial real estate industry as well as developing and financing renewable energy projects. The company offers commercial and industrial facilities access to clean electrification solutions focused on intelligent efficiency measures, locally sited solar and energy storage, and EV infrastructure. In addition, Correlate fully funds decarbonization, facility health, and energy optimization programs. “Correlate identifies cash flow positive energy solutions, designs and manages upgrades, and monitors performance over the long haul,” the company’s website reads. Correlate achieves this without requiring its clients to pay upfront fees. “Our funding mechanisms don’t require out-of-pocket capital expenditures (‘CapEx’). Because our solutions are cash flow positive, you can rapidly capture the full value of opportunities and increase NOI,” the website further explains. For more 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

FingerMotion Inc. (NASDAQ: FNGR) Making the Most of Massive Cell Phone Services Opportunities in Chinese Market

  • China has long been a telecommunications juggernaut market thanks to its nearly 1.5 billion population and the popularity of using multiple mobile devices among its people
  • U.S.-based communications technology services provider FingerMotion has focused on delivering a variety of telecommunications services to the Chinese market, ranging from SMS texting to big data analysis
  • FingerMotion recently reported important quarterly revenues from its operation despite a new series of lockdowns resulting from China’s zero-tolerance policy toward the COVID pandemic
  • The company continues to explore new growth opportunities, such as a device protection service it rolled out in July that will exceed the scope of most protection plans and provide the company with new revenue at relatively low cost
China has long presented a massive opportunity for mobile phone-connected market innovation, with its 1.66 billion-person mobile products user base and forecasts for continued growth, especially as 5G technology rolls out (https://ibn.fm/eORo1). By the end of June, the number of 5G base stations in China reached 1.854 million, and there are more than 450 million 5G mobile phone users in the country, according to a report by Global Times on this year’s China Computational Power Conference (https://ibn.fm/ujXuy). Data presented at the conference showed all prefecture-level cities have implemented optical network broadband, and have more than 61 million household or company users. “Now with the massive onset of 5G phones there’s a really large market in China that’s looking to change up their phones for, let’s say, 3G and 4G phones to 5G,” mobile technology services provider FingerMotion (NASDAQ: FNGR) CEO Martin Shen said in an interview last month that provided an overview of his company’s operations and opportunity within China’s economic engine. “And also because we have such good relationships with really the largest telcos in China — China Mobile, China Unicom and China Telecom — I think that that kind of relationship lends itself to being very strong footing in terms of working in the Chinese market,” Shen said (https://ibn.fm/TVK0V). The U.S.-based company reported record quarterly revenues of $4.86 million from a variety of telecommunication services in a recently released Q1 2023 financial statement (https://ibn.fm/rBkzH), despite market “softness” that resulted from new COVID-related lockdowns that have impacted a number of industries (https://ibn.fm/wVaXm). “One factor that that seems to be overriding the softness experienced during the lockdown is the migration to 5G,” Shen reiterated in his analysis of the Q1 revenue report. “The mobile recharge business has strong underpinnings and is expected to continue its growth trajectory and a government stimulus plan may provide a boost to revenue as mobile phone sales started trickling in.” FingerMotion completed the rollout of a new device protection service in July that Shen has described as an AppleCare-similar platform built directly into the large telco partners’ costs for users’ service plans. Because of FingerMotion’s symbiotic approach to the developing the product with the telcos and the efforts of its underwriting partner, Shen foresees the protection plan as a new revenue driver at relatively low cost to the company for covering broken phone screens, accidental damage repairs and compensation, and older device trade-ins. For more information, visit the company’s website at www.FingerMotion.com. NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR

Microdose Psychedelic Capital Conference Insights

Microdose Psychedelic Insights, the premier global guide to the business of psychedelics, hosted a successful Psychedelic Capital Conference in an entirely virtual format, Tuesday, July 26, 2022. The July edition of the Microdose event introduced the investors and attendees to top investors, entrepreneurs, psychedelic researchers, latest IPO and health leaders, sharing valuable insights into the psychedelic sector. Part of a bimonthly investor conference series that dives deep into psychedelic medicine investment, this event was focused on driving the psychedelic industry to the forefront of modern medicine. CEOs, capital advisors, analysts, and investment luminaries from across the global spectrum, shared valuable content about the growing psychedelic space, provided important report analysis, and discussed the latest news and market strategies. The July PsyCap featured segments on the introduction and potential of virtual reality (“VR”) to deal with mental health treatments in the psychedelic space. Capitalists, investors, financial institute heads, and other attendees, learned the latest financial updates about the market from an expert perspective, with a multi-disciplinary panel of experts including Jayashree Mitra, Nanea Ree Lyle Maxson, Agnieszka Sekula, Patrick Trucchio, and Maria Velkova, discussing how transformative technology is shaping the future of the industry and its impact on financial markets. “The psychedelics industry is poised to provide much-needed therapies to address various medical complications, including the surging mental health crisis. By bringing valuable insights directly to the people, we aim to democratize access to critical information and help average investors navigate this dynamic industry,” said Patrick Moher, President of Microdose Psychedelic Insights. Doing Good is a new segment that all Psychedelic Capital Conferences are featuring this year, as non-profits leveraged this global platform to showcase their important work. The July edition of PsyCap Doing Good presentation was hosted by Blessings Of The Forest’s Medical Reciprocity Manager, Dr. Kirran Ahmad. Blessing Of The Forest is a non-profit organization dedicated to advocating and preserving information about the medicinal plants and indigenous traditions of the Gabonese forest people. Along with several corporate presentations, the title sponsor for the July PsyCap event hosted their segment titled: Risk Management in Emerging Markets – Psychedelic Medicine and Therapies. Representatives of NFP, an international insurance broker and consulting company, offered panelists Scott Foster, Morgan Frick, and Adam Wilkins, who discussed how NFP came to this field. With NFP’s experience with other recent emerging markets, cannabis, in particular, it’s especially able to assist companies in this space. Mindstate Design Labs CEO Dillan DiNardo offered an understanding of the company’s mission to pharmacologically design therapeutic states of mind to be applied in medically supervised settings to heal mental health disorders. In addition, Microdose has created a public-facing Deal Board, powered by Mission Club, presenting an investment opportunity with Maya Health‘s CEO & Founder David Champion. Maya Health focuses on building a future where people have easy and safe access to psychedelic medicine. To learn more, please visit https://ibn.fm/dtpCF.

Lidar Pioneer and Cepton, Inc. (NASDAQ: CPTN) CEO Dr. Jun Pei Aims to Make Driving Safer with Lidar

  • Lidar provides high-precision 3D imaging that helps enable hands-free driving, autonomous vehicles, smart cities, robotics, and other smart infrastructure applications
  • Cepton CEO Dr. Jun Pei, a pioneer who led the development of the revolutionary lidar during his tenure at Velodyne, was one of the first to focus on the ADAS market to bring lidar to the mass market
  • Lidar is expected to be a $50B+ market by 2030 and Cepton’s technology will be in select General Motors cars starting next year
  • Cepton recently grew its presence in Detroit with a new center of excellence and aims to expand active engagements and initiatives with automotive Tier 1s and OEMs
Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, is taking its patented Micro Motion Technology (“MMT(R)”) mainstream under the guidance of company CEO and lidar pioneer Dr. Jun Pei. “When Jun Pei decided to start Cepton five years ago, it was not a surprise to me that he wanted to build lidar in every single vehicle, to make every single driver on the road safer,” said Cepton Vice Chairman Dr. Winston Fu (https://ibn.fm/HVNnm). Dr. Pei is an optics and electronics entrepreneur and technologist with a Ph.D. in Electrical Engineering from Stanford University. He developed the first optical and acoustical combination technique in semiconductor thin film measurement and holds numerous patents in the field of metrology. Before co-founding Cepton, Dr. Pei established AEP Technology, which developed advanced 3D instruments and pioneered parallel computing in interference microscopy. Prior to his AEP tenure, he was an optics equipment senior scientist at KLA-Tencor and head of an engineering team at Velodyne Lidar where he advanced HDL-64 lidar. Lidar – a play on the words “light detection and ranging” – uses lasers to generate 3D images, and provides vital information including distance, speed, and dimensions. This enables accurate detection tracking of objects based on real-time data. Emerging lidar applications include Autonomous Vehicles (“AVs”), Advanced Driver Assistance Systems (“ADAS”), traffic and pedestrian monitoring in smart cities, security and facility management, crowd analytics, and various industrial applications. Cepton offers near-range to ultra-long-range lidar sensors, automotive software, and lidar perception solutions. The company’s patented Micro Motion Technology leverages a mirrorless, rotation-free, and frictionless 3D lidar imaging method, enhanced by proprietary micro-optical modules and integrated Custom Application-Specific Integrated Circuits (“ASICs”) to offer state-of-the-art illumination control and detection (https://ibn.fm/fSgWH). “Cepton is a fabricated word borrowing from the word perception,” said Dr. Pei in a company presentation video. “C-E-P-T is a part of perception and O-N is the ending of a Latin element, so Cepton really indicates it’s an element of perception. CPTN’s licensable technology enables seamless high-volume manufacturing in collaboration with the world’s leading OEMs, and the company aims to make its proprietary technology standard in vehicles. ”We thought ADAS in the near future would be the biggest market for lidar, and that’s why we focused all of our company efforts – whether it’s in technology invention or commercial development – into the ADAS industry,” said Dr. Pei in a recent interview with the Financial Times (https://ibn.fm/0ZNYr). As part of its strategy, Cepton recently opened a new center of excellence in Metro Detroit to expand active engagements and initiatives with original equipment manufacturers (“OEMs”). The company has a long-standing collaboration with Japan-based Tier 1 supplier Koito Manufacturing Co. Ltd. that led to them being awarded the largest ADAS lidar series production award from General Motors (https://ibn.fm/7XKvp). Cepton has rapidly advanced lidar research and innovation since its inception in 2016. With a dedicated team of researchers and scientists led by Dr. Jun Pei, the company aims to take its patented Micro Motion Technology mainstream, enabling scalable and intelligent 3D perception solutions across multiple major global markets. 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

Mullen Automotive Inc. (NASDAQ: MULN) Anticipates Strongest Balance Sheet Ever as EV Industry Projected to See Double-Digit Growth

  • A recent Facts & Factors study reported that the global EV market is expected to pass $980 billion by 2028
  • Mullen posted the strongest balance sheet in company history for the quarter ended June 30, 2022
  • The company noted several key milestones in its journey to becoming a major presence in the EV world
If Mullen Automotive (NASDAQ: MULN) latest financial report is any indication, the double-digit growth projected for the electric vehicle (“EV”) industry is right on the money. The emerging electric vehicle manufacturer posted a record balance sheet for the quarter ended June 30, 2022 (https://ibn.fm/RmJq8). A recent Facts & Factors study noted that, according to the latest research study, global electric vehicle market size and share were valued at roughly USD $185 billion in 2021 and are expected to reach USD $980 billion by 2028 at a compound annual growth rate (“CAGR”) of 24.5% during the forecast period (2022–2028). The report analyzes various factors and their implications on the electric vehicle market’s growth (https://ibn.fm/dwT2e). The article further noted that “the electric vehicle was developed primarily to replace polluting traditional ways of transportation. As a result of various technological developments, it has gained in popularity. “[The electric vehicle] outperforms traditional automobiles in terms of fuel efficiency, carbon emissions and maintenance, as well as ease of charging at home, a smoother ride, and less engine noise,” the article continued. “Pure, hybrid and plug-in hybrid batteries are the three primary types of electric car batteries.” Mullen Automotive’s financial report for the latest quarter, which ended June 30, 2022, stated that the company has more than $61 million in cash and cash equivalents, after having significantly strengthened its balance sheet throughout the quarter. The company recently paid off a secured convertible promissory note executed in July 2020 with DBI Lease Buyback Servicing LLC, an affiliate of Drawbridge Investments LLC. As part of this announcement, the company noted that an existing Mullen shareholder acquired the note and entered into an agreement with Mullen to extend its maturity date by two years. In addition, Mullen has reached an agreement to secure $275 million in additional funding for the company, pending approval by company shareholders. “We’ve made solid progress over the past quarter,” said Mullen CEO and chair David Michery. “The company’s balance sheet is the strongest it has ever been in our history.” Financial numbers aren’t the only highlight on Mullen’s report. The company has previously noted several key milestones in its journey to becoming a major presence in the EV world. In May, the company delivered its first EV van through a pilot program with a U.S. telecommunications provider. This van is currently being modified to fit the specs required by the customer in anticipation of a purchase order. Mullen was recently added to the U.S. small-cap Russell 2000(R) Index. Membership in this index, which remains in place for one year, is based on membership in the broad-market Russell 3000(R) Index. As part of membership, the stock is automatically added to the appropriate growth and value indexes. Mullen is a Southern California–based automotive company that owns and partners with key businesses working toward the goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the company is working diligently to provide exciting EV options built entirely in the United States that fit perfectly into the American consumer’s life. For more information about the company, visit www.MullenUSA.com. NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://ibn.fm/MULN

Odyssey Health, Inc. (ODYY) Drug Product Testing Aims to Give Military Veterans New Weapon for Fighting Brain Injury

  • The medical care needs of military personnel are once again in the spotlight following a political dust-up over service members’ exposure to environmental hazards at burn pits
  • Another long-standing concern among service personnel is the treatment of concussive brain injuries
  • Although no FDA-approved prescription drug currently exists for treating concussions, medical product developer Odyssey Health Inc. is testing a device-drug combination designed to stop concussion injury in its tracks to avoid long-term harm
  • Odyssey Health’s product would use an inhaler-like device to deliver the special medication into the nasal cavity for better uptake into the central nervous system, keying on its demonstrated ability to cross the blood-brain barrier
U.S. military service members’ healthcare concerns landed a new place in the spotlight during the past month when outraged veterans and veteran-friendly politicians called attention to a sudden reversal of fortune for a Congressional bill that promised expanded benefits to service members exposed to environmentally hazardous burn pits used in Iraq, Afghanistan, and elsewhere in the years after Sept. 11, 2001. The bill was slated to label 23 diseases as presumed to be linked to military service, which would have made it easier for veterans to receive expedited health services and disability compensation without having to prove their illness was service-related. But after initially garnering the votes it needed to pass, a required revote unexpectedly handed it a significant defeat that proponents blamed on political posturing (https://ibn.fm/qdgPl). Although the controversy’s passions pressured senators to reverse course again and grant the bill success as they’d originally intended, the bill’s proponents weren’t quick to forget the difficulties veterans sometimes face over access to healthcare (https://ibn.fm/7FQkj). Because of the novel nature of military service and tools, veterans’ medical concerns sometimes fall into the realm of unmet needs, whether because of political divisions or the simple lack of effective science to provide a treatment. Medical device innovator and biopharmaceutical product developer Odyssey Health (OTC: ODYY) has been advancing a proposed solution for another, more common medical concern afflicting veterans — brain injury from concussive forces. Odyssey Health’s novel compound PRV-002 is the combination of a device and the medicine it delivers to treat concussions during the first moments after their occurrence, before permanent or long-term damage can set in. No U.S. Food and Drug Administration (“FDA”)-approved drug treatment exists for concussions and medical providers are generally left to rely on prescribed rest to help patients recover, but if Odyssey’s product can be established as safe and effective it will open doors to first-of-its-kind responsiveness that may benefit not only service members, but athletes and ground-level fall victims as well. PRV-002 has already passed a series of tests in lab animal work and is currently being tested on human volunteers for safety, moving from a Single Ascending Dosing (“SAD”) stage to a Multiple Ascending Dosing (“MAD”) stage in which the volunteers will be treated once daily for five straight days. Once the safety testing is completed, Odyssey expects to launch into a Phase II testing designed to show its product is not only safe but demonstrably effective in treating concussed patients, using volunteer military service members for the trial. “We are actively identifying and assisting with Phase II military trial site setup,” Major General (Ret.) Jim Linder, the former chief of staff for the U.S. Special Operations Command, stated in a July 12 news release about the testing program (https://ibn.fm/PMC10). “We need a treatment to prevent the long-term consequences of concussion as far too many of our Service Members are retiring with TBI disorders that lessen their quality of life.” For more information, visit the company’s website at www.OdysseyHealthInc.com. NOTE TO INVESTORS: The latest news and updates relating to ODYY are available in the company’s newsroom at https://ibn.fm/ODYY

Esports Market to Hit $12.5 Billion by 2030, Golden Matrix Group Inc. (NASDAQ: GMGI) To Add New Platform to Growing B2B iGaming Portfolio

    • Esports industry maturing, attracting growing audience via star-studded tournaments, ticket sales, merchandise, live social media events
    • Industry expected to reach $12.5 billion at a CAGR of 21.9% by 2030
    • GMGI recently featured on Benzinga’s Esports Listmakers Series, CEO reveals upcoming launch of Esports platform
    • GMGI delivers easily customizable, configurable, modular solutions for B2B operators, recently achieved 15 consecutive profitable quarters
    The global Esports market is maturing into a multi-faceted entertainment enterprise, complete with tournaments, celebrities, and social media influencers. Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems, and gaming content, aims to leverage this trend by adding an Esports platform to its growing portfolio of B2B iGaming and Esports solutions. A recent report by Research and Markets confirms the trend, projecting that the Esports market size will reach roughly $12.5 billion at a CAGR of 21.9% by 2030 (https://ibn.fm/cld8s). Increased mobile adoption, growth in emerging countries, and rising Esports awareness are just a few factors fuelling the trend. In addition, competitive leagues featuring athletes and celebrities are disrupting traditional sports media structures with established brands leveraging new marketing opportunities via sponsorships and advertising on social media platforms like Twitch and TikTok. Related industries are also emerging in ticket sales and merchandising to contribute substantially to overall industry growth. Golden Matrix, a leader in B2B iGaming and Esports solutions, was recently featured in financial media and data company Benzinga’s Esports Listmakers Series (https://ibn.fm/Cx75K). During the presentation, Golden Matrix CEO Brian Goodman revealed insights into the state of the industry, along with common challenges in running Esports tournaments online. “The only potential way to run gambling on Esports would be sanctioned events where it becomes a situation where the people that are playing would not want to throw a game do something because of their status,” said Goodman. “As a company, we put together a peer-to-peer Esports situation where people will be able to play each other and bet against each other, so obviously they wouldn’t be throwing their own match…we built this product and it has some soft games as well, and that’ll launch quite soon.” Golden Matrix boasts 15 consecutive profitable quarters – a testament to its successful B2B iGaming strategy (https://ibn.fm/X4dmY). The company offers highly modular, turnkey, and white label gaming platforms that can be easily customized by iGaming operators. With a focus on enhancing the customer experience, GMGI’s solutions are easy to use, and compatible with all major browsers, operating systems, and devices. GMGI simplifies iGaming and Esports operations with its portfolio that includes its GM-X Turnkey, GM-X White Label, and GM-X Direct Integration solutions. GM-X Turnkey is a complete software package that integrates thousands of games from leading content providers. GMGI’s GM-X White Label offering provides a complete solution with licensing, accounting, management, support, and gaming content. For operators requiring access to GMGI’s extensive gaming portfolio, the company’s GM-X Direct Integration offering provides a solution that acts as an integration layer between the operator and content provider on top of the GM-X aggregation system. Golden Matrix Group is the leading provider of turnkey and white label iGaming platforms, Esports technology, and gaming content. As the iGaming and Esports industries continue to grow, GMGI is favourably positioned to offer its B2B partners a distinct competitive advantage with flexible, highly modular, configurable, and scalable AI-powered gaming platforms that maximize their return on investment. For more information, visit the company’s website at www.GoldenMatrix.com. NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI

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