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Odyssey Health, Inc. (ODYY) Marks New Milestone in Pursuit of Concussion Treatment with Positive Safety Findings from Cohort I of Phase 1 Clinical Trial for PRV-002

  • Odyssey Health is a medical company focused on unique, life-saving medical products that offer clinical advantages to conditions with unmet needs
  • The subject of an ongoing Phase I clinical trial, Odyssey’s PRV-002 is a novel compound for treating concussion, which currently has no FDA-approved drug
  • Data from Cohort I of the Phase I study showed that PRV-002 is well-tolerated, with no adverse events being observed
  • The company believes that, if PRV-002 is found to be efficacious for concussed patients in the Phase 2/3 trials, the intranasal brain-targeting will be the key to its success
  • Phase 1 and 2 drugs represent valuable assets, with large companies entering into multimillion and even multibillion-dollar agreements to license drug candidates while they are still undergoing clinical trials
Between 3 and 5 million concussions happen every year in the US alone, though only 1 in 2 cases are reported or detected (https://ibn.fm/lE7Nv). Also known as mild traumatic brain injury (“mTBI”), a concussion is caused by a jolt, blow or bump to the head, or a hit to the body that causes the head to shift positions quickly causing the brain to stretch. In describing concussion as a complicated injury, a recent Washington Post article notes: “Every concussion is unique, so symptoms and recovery times vary between individuals, even if they were hit with the same force on the same part of their head, experts say” (https://ibn.fm/gkEit). Moreover, mild concussions can cause long-term health issues eight years after they initially happened, new research conducted in New Zealand has established (https://ibn.fm/vDouV). The study, which followed 150 adults after they suffered a concussion, found that “ongoing mental health conditions – including depression – persisted long after injury.” Other reported issues included anxiety and post-traumatic stress disorder (“PTSD”). The research further noted that multiple concussions happening at close intervals could exacerbate the situation as the brain does not get enough time to recover; it concluded that “the lack of intervention or treatment for prior injuries may have meant that another injury was sustained before full recovery, leading to a greater symptom burden.” Despite the acknowledgment of the need for medical intervention, there is currently no FDA-approved treatment for concussions, representing an unmet medical need. Odyssey Health (OTC: ODYY), f/k/a. Odyssey Group International, Inc., is looking to fill this void. Building on milestones accomplished throughout the second half of 2021, Odyssey recently reported the completion of a safety evaluation of Cohort I of its Phase I clinical trial administering PRV-002, the company’s novel drug treatment for concussion (https://ibn.fm/032Ei). Findings from the cohort, which included eight healthy human volunteers that received a single dose of PRV-002 or placebo followed by evaluations for abnormal responses, showed that the participants did not exhibit any severe adverse events as PRV-002 was well tolerated. Vital signs, breathing function, EKG heart readings, and sleep patterns were all normal. Additionally, blood labwork showed no alterations linked to the PRV-002 treatment. Pharmacokinetic analysis was done to ensure that increasing the dose would be safe. “PRV-002 appears to be well-tolerated when given intranasally. If PRV-002 is found to be efficacious for concussed patients in the Phase 2/3 trials, I believe that intranasal brain-targeting will be the key to its success. So far, the intranasal drug/device combination is holding up well in the clinical setting,” commented Odyssey’s CEO, Michael Redmond. The completion of the safety evaluation is the latest milestone as the company journeys toward providing concussion treatment. In late August last year, Odyssey announced it had completed the novel drug-device combination product. The drug formulation, a spray-dried powder formulation, is designed to reduce the harmful response to concussion, which includes oxidative stress, inflammation, and brain swelling. It is administered through breath propulsion into the nose via the company’s nasal drug delivery device, which disperses the active drug throughout the upper portion of the nasal cavity without being inhaled or swallowed, allowing for the drug to travel upward along the cranial nerves, used for smell, for delivery directly into the traumatized brain (https://ibn.fm/bim45). On September 1, Odyssey received approval from the Alfred Ethics Committee to begin a Phase I human clinical trial, following which it began organizing the trial work and enrolling subjects (https://ibn.fm/aY9SS), culminating in the recent announcement. With the Phase I clinical trial, which consists of 48 healthy subjects, ongoing, Odyssey expects to report additional results as they become available. And while the PRV-002 drug candidate may still be undergoing trials, it is a valuable asset for the company, especially considering recent high-value licensing trends. For instance, biopharmaceutical company AbbVie Inc. (NYSE: ABBV) and clinical-stage biotechnology Cugene Inc. recently entered into an exclusive worldwide license option agreement for Cugene’s CUG252, a phase 1 drug candidate for the potential treatment of autoimmune and inflammatory diseases. Under the terms of the agreement, AbbVie will part with an upfront payment of $48.5 million, with additional payments due later should it exercise the license option (https://ibn.fm/tAuZz). In addition, for another phase 1 drug candidate, AbbVie recently ‘back-loaded the acquisition of privately held Syndesi Therapeutics, paying $130 million initially, with the opportunity for shareholders of the Belgium-based company to collect another $870 million if predetermined milestones are achieved” (https://ibn.fm/3w4CB). For more information, visit the company’s website at https://odysseygi.com/. NOTE TO INVESTORS: The latest news and updates relating to ODYY are available in the company’s newsroom at https://ibn.fm/ODYY

Flora Growth Corp. (NASDAQ: FLGC) Adding to Cannabis Product Line, Research

  • Flora Growth is building on its cannabis brand globalization efforts with two partnerships that expand its product portfolio and its research efforts in the United States and United Kingdom
  • Flora’s partnership with former NFL athlete Ricky Williams has delivered its first product — a cannabis one-hitter accessory designed to provide a unique experience emblematic of Williams’ active lifestyle brand
  • The company’s acquisition of the Masaya CBD brand developed by a cell biologist on Flora’s board of directors gives the company a formulation suitable for its current clinical trial efforts in the United Kingdom, and a well-received brand designed to help seizure patients
  • Flora’s cultivation operations are centered at its Colombia facility, and recent regulatory changes there have made it easier for Flora to supply its brands in the United States and elsewhere
On the heels of a year in which global cannabis market brand-builder Flora Growth (NASDAQ: FLGC) saw rapid expansion of its cultivation, manufacturing and distribution operations that support the company’s business divisions for cosmetics, hemp textiles and food and beverage products, Flora is increasing its offerings by bringing a promising  CBD brand into its fold and introducing a new product for quality cannabis experiences. The acquisition of cell biologist Dr. Annabelle Manalo-Morgan’s Masaya brand gives Flora Growth its first offering under its Flora Life Sciences division as well as a patent-pending formulation for use in Flora’s current clinical trials with the University of Manchester in the United Kingdom (https://ibn.fm/CVd5N). The launch of the global clinical trials was announced in October, heralding an effort to study the effects of Flora’s cannabis on fibromyalgia and chronic pain patients (https://ibn.fm/yduqw). Manalo-Morgan developed the formulation for Masaya after her son was born with a condition that led him to suffer from as many as 200 seizures per day. Manalo-Morgan’s son initially underwent surgery that removed nearly 40 percent of his brain, but Manalo-Morgan’s discovery of CBD’s medicinal potential and development of Masaya’s formulation provided her a non-surgical path for ensuring her son’s well-being. “He has no developmental deficits. If you saw him, you would never know there was a thing wrong with him. He is not autistic, delayed, nothing. He is a normal 5-year-old boy,” Manalo-Morgan told a news reporter as her son prepared to enter kindergarten last year (https://ibn.fm/MEvmD). “If I didn’t do this, my son would most likely be tied to a wheelchair, wouldn’t speak, would still be eating out of a tube. But luckily his mom is a scientist.” Masaya has been used by thousands of consumers since its development with positive testimonials. “Amplifying Dr. Annabelle and her son’s beautiful story and improving the well-being of people around the world is our aim,” Flora Chairman and CEO Luis Merchan stated in the company’s news release. “This acquisition allows us to deliver on our promise to invest in safe, thorough, cutting-edge scientific research that can bring meaningful change via an efficacious and accessible product offering for people worldwide.” On May 18, Flora also announced the development of a custom accessory for cannabis use in collaboration with cannabis lifestyle brand Highsman, which was founded by former NFL running back Ricky Williams. The patent-pending Highsman Helix one-hitter accessory is the first product introduced under the partnership between Highsman and Flora’s cannabis accessories brand Vessel (https://ibn.fm/haBI4). It is crafted in non-toxic brass and uniquely designed to offer “the perfect combination of filtering and cooling.” Vessel’s other luxury accessories include a high-end line of vape pen batteries and dry-herb accessories, while Highsman also markets apparel and other accessories designed to appeal to people with active lifestyles, inspired by Williams’ success. 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

Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF) Capitalizing on the Growing Global Interest in Plant-Based Food

  • The global plant-based food market is projected to be valued at $162 billion in 2030, up from $29.4 billion in 2020
  • This growth will be attributed mainly to a growing interest in plant-based alternatives, with 53% of American households already adopting plant-based foods
  • Eat Well Investment Group recognizes this as an opportunity and seeks to capitalize on it to become a leader in the market and create value for its shareholders
  • Through its strategic acquisitions, along with the growing interest in plant-based food alternatives, the company is confident that it will achieve approximately $100 million in revenue for the 2022 financial year
In a study conducted by Bloomberg Intelligence in August 2021, it was projected that the plant-based foods market could account for 7.7% of the global protein market by 2030. Furthermore, the study estimated that this sector would be valued at $162 billion, up from $29.4 billion in 2020 (https://ibn.fm/2auqY). Already, plant-based foods are in 57% of American households. In addition, plant-based food sales grew twice as fast as overall food sales in 2020. So far, 35% of Americans have already tried out plant-based meat in the past year, with 90% of them noting that they would do so again (https://ibn.fm/Ceelh). Overall interest in plant-based alternatives has seen a significant surge, with searches for “plant-based recipes for beginners” online posting an 85% year-over-year increase (https://ibn.fm/CvX7u). This interest in plant-based alternatives presents an opportunity for companies and enterprises in this sector. Most notably, it has seen the industry witness significant merger and acquisition (“M&A”) transactions, with key industry players such as Sol Cuisine being acquired by PlantPlus Food LLC for approximately $126 million (https://ibn.fm/3T8F5). However, one company that stands out from the rest and looks to tap into this growing interest is Eat Well Investment Group (CSE: EWG) (OTC: EWGFF). Headquartered in Vancouver, British Columbia, this company seeks to grow its seed-to-market investment platform while also building a unique ecosystem that can supply and sustain essential cornerstone needs for society. Founded in 2020, Eat Well Investment Group has significantly grown its investment portfolio, mainly from critical acquisitions, including Belle Pulses, a plant-based ingredients processor, and Sapientia, a plant-based food technology platform. Eat Well Investment Group’s management believes that through these strategic acquisitions and growing interest in plant-based foods, it’s investments will achieve approximately $100 million in revenue for the 2022 fiscal year, a notable increase from the previous year. The company has a significant foothold in the snack food market, consumer packaged goods (“CPGs”), and the media through its subsidiaries. It also offers plant-based baby food through Amara, one of the fastest-growing baby food brands in the United States, while also boasting of a significant, unrivaled market reach in the sector. By 2028, the plant-based food market will be valued at $78.95 billion, up from $40.21 billion in 2021. This will represent a CAGR of 11.9% over the forecast period. With the sector showing great promise and potential for growth, Eat Well Group seeks to be at the forefront, not just capitalizing on the growth but also blazing the path in offering plant-based food alternatives to customers (https://ibn.fm/f490g). For more information, visit the company’s website at www.EatWellGroup.com. NOTE TO INVESTORS: The latest news and updates relating to EWGFF are available in the company’s newsroom at https://ibn.fm/EWGFF

NCFA’s Flagship Annual Fintech Summer Mixer and Networking Event to be held on July 14th in Toronto’s Trendy Queen West

Date: Thursday, 14th July 2022 Venue: SPACES, 7th Floor Loft and Rooftop Patio, 180 John Street, Toronto, ON M5T 1X5 The National Crowdfunding and Fintech Association of Canada (“NCFA”) invites investors, stealth and emerging start-ups, scale-ups, and industry experts from the growing fintech, blockchain, crypto, AI, digital finance and open banking, sustainable finance, crowdfunding, payments, digital identity, and alternative investment sectors to the 6th Annual Fintech & Funding Summer Kickoff and Rooftop Patio Mixer (“NCFA Summer Mixer”) on July 14, 2022. The event is being hosted in association with leading members of Canada’s Fintech and Funding community, including Liquid Avatar Technologies, Spaces, Gowling WLG, HyperCycle.ai, United Craft, GenBlock Financial, Finliti, Grant Thornton, and partners. The NCFA Summer Mixer provides the perfect platform to connect with a wide range of industry professionals, make pitches to leading investors, reconnect with peers, and immerse in Toronto’s exciting fintech and funding ecosystem. Now in its sixth edition, the NCFA Summer Mixer has honed its reputation as being a world-class event for entrepreneurs and investors in the fintech, blockchain, crypto, and AI spaces as well as all innovative companies raising capital. Anyone interested in launching, scaling, or disrupting the financial industry, exploring deal flow, or looking for opportunities in Canada’s burgeoning fintech space can enjoy an evening of drinks, food, and celebration overlooking Toronto’s beautiful skyline. Leading women founders, funding platforms, providers and their client networks, financial innovators, start-ups, investors, angels, early stage-focused VCs, industry experts, and developers from alternative finance, fintech, blockchain, crypto, metaverse, web3, defi, refi, cefi, challenger banks, payments, open finance, P2P crowdfinance, wealthtech, insurtech, regtech, and digital marketing platforms will be in attendance, offering unique opportunities to network and discuss the latest in emerging fintech trends, regulations, and industry developments. The NCFA Summer Mixer is being held at SPACES, a premier venue with a free-spirited vibe, dynamic workspaces, and an energetic community of forward thinkers, innovators, and game-changers focused on driving businesses forward. NCFA’s advisors include a stellar list of business superstars, including Rojin Nair, CEO of Incyub8; David Lucatch, CEO of Liquid Avatar; Michelle Beyo Founder & CEO of Finavator; Jason Saltzman, Partner at Gowling WLG, and Lauren Linton, Executive Director at Canadian Innovation Exchange, among many other illustrious names. For interested delegates, summer has arrived and patio time is back! Get your early bird tickets today! Each ticket includes 2x drinks, food, entertainment, prizes, prime networking, and much, much more. To register, visit https://ibn.fm/NCFASummerMixer2022

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Adds New Member to Board; Releases New Lightning Network Node in South Korea

  • The Lightning Network continues to grow despite the current situation within the Bitcoin market – registering a high capacity of 3,915.34 BTC
  • LQwD has released two more nodes on the Lightning Network, creating a network reach that includes Canada, South Korea, US, Ireland, India, Germany, Singapore, Sweden, Indonesia, Italy, France, and England
  • The company has appointed Peter Loretto to the board to replace Dean Sutton
  • LQwD is a part of Visa’s Fintech Fast Track program, leveraging Visa’s services for global reach and capabilities
  • The cryptocurrency market was valued at US $1.6 billion in 2021 and is expected to grow to US $2.2 billion by 2026
Despite the recent struggles of the cryptocurrency market, the Lightning Network has continued to make advances, hitting a capacity high of 3,915.34 BTC, even though the Bitcoin sector has declined to lows below US $32,000. One company making strides on the Lightning Network is LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption. The company released its platform as a service (“PaaS”) offering for the Lightning Network in November 2021 – https://lqwd.tech. LQwD recently released two more nodes on the Lightning Network in Canada and South Korea. In addition to the newest nodes, the company also has active nodes in the U.S., Ireland, India, Germany, Singapore, Sweden, Indonesia, Italy, France, and England. The company has used its own Bitcoin reserve to activate these nodes, and its capacity has grown steadily over the last few months. Additionally, LQwD announced that it has appointed Peter Loretto as an independent director, replacing Dean Sutton, who will remain in an advisory role within the company. Loretto holds an MBA from Gonzaga University in Spokane, Washington. He has over 35 years of extensive international investment banking, corporate finance, and venture and senior board experience. The LQwD board now consists of Shone Anstey, Ashley Garnot, Pino Perone, Kim Evans, and Peter Loretto (https://ibn.fm/6kkO0). LQwD is also working with the Visa Fintech Fast Track program. In its work with Visa, LQwD will be able to accelerate the process of bringing Bitcoin to the masses. According to Shone Anstey, CEO of LQwD, this direct relationship with Visa now gives the company the advantage of accessing their growing partner network, as well as experts in the payments space. “It’s a big benefit,” he said (https://ibn.fm/vGDIO). The Lightning Network is a layer 2 technology that solves the mass scaling problems faced by Bitcoin for global microtransactions. Users of the Lightning Network experience a reduction in fees and almost instantaneous settlement rates, which blockchain is incapable of providing on its own. As more participants send payments across the network, the larger the capacity becomes. LQwD’s technology allows for smooth transactions across the network. The Network has seen explosive growth over the past year, despite ups and downs of the overall cryptocurrency market. The cryptocurrency sector was valued at US $1.6 billion in 2021 and is expected to grow to US $2.2 billion by 2026, reporting a CAGR of 7.1% over the forecast period. Key factors driving the expansion of the market are transparency, the growth of distributed ledger technology, and growth in venture capital investments (https://ibn.fm/DDKeH). For more information, visit the company’s website at www.LQwDFinTech.com. NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ibn.fm/LQWDF

Correlate Infrastructure Partners Inc. (CIPI) Applies for Uplisting to the NASDAQ Exchange, Aims at Achieving Increased Investor Awareness

  • Correlate looks to enjoy greater access to analyst coverage, and increased investor awareness should its application to uplist to the Nasdaq Exchange go through
  • The company continues to execute its publicly announced acquisition strategy, the first step in pursuit of approval for uplisting
  • Its management is confident that this will improve the company’s visibility, allowing it to showcase its achievements to a growing pool of investors
  • This application comes when green energy alternatives are under threat, with solar deployment estimated to drop by 50% in 2022 in the U.S.
On April 1, 2022, Correlate Infrastructure Partners (OTCQB: CIPI) announced the completion of its corporate name change from Triccar, Inc. This change would also reflect in its ticker symbol to “CIPI” in a move that was aimed at reflecting the company’s business model and operational focus going forward (https://ibn.fm/ekRVD). The rebrand was mainly fueled by the merger of two operating companies, Correlate, Inc. and Loyal Enterprises LLC, which was completed in December 2021. While making the announcement, Todd Michaels, the company’s Chief Executive Officer (“CEO”), noted that the company was excited about the potential for future growth. Most notably, he acknowledged a vast untapped market, with only 3% of buildings in the United States optimized for efficiency, sustainability, renewable energy, and electric vehicle support at the time. In a move that aligns with Correlate’s initial goals and marks the next step following the merger and rebrand, the company announced that it had begun applying for uplisting to the Nasdaq Exchange from the OTCQB. Its management believes that the move will provide enhanced investor benefits, including, but not limited to, higher reporting standards, greater access to analyst coverage and news services, as well as more comprehensive compliance requirements (https://ibn.fm/muc5U). “Uplisting to the Nasdaq will be a significant milestone in the growth of Correlate Infrastructure Partners as a company, and we expect the uplist to enhance our visibility in the investment community, increase trading liquidity, open the company to institutional investors and broaden our shareholder base,” noted Mr. Michaels. To qualify for the uplisting, Correlate continues to execute its publicly announced acquisition strategy in the first step in pursuit of reaching the Nasdaq Exchange. However, the company’s application will still be reviewed to ensure that all regulatory requirements are met. Correlate will enjoy greater access to analyst coverage and news services if the application goes through. It will also benefit from the increased transparency, reporting standards, management certification, and compliance requirements that come with being listed on the Nasdaq. Ultimately, this level of exposure will afford Correlate increased investor awareness, greater liquidity, and visibility for its securities. “We are committed to providing investors with high-quality trading and improved market visibility and are excited to showcase our achievements to a growing base of U.S. and international investors,” noted Channing Chen, Correlate’s Chief Financial Officer (“CFO”). “We look forward to leveraging this momentum as we remain focused on building Correlate as a leading provider of energy optimization and clean energy solutions for the commercial real estate industry,” he added. This move by Correlate comes at a period where green energy alternatives, specifically solar power, are significantly under threat. Despite there being more solar power capacity in nine U.S. cities than in the entire country ten years ago, the immediate future of solar power looks bleak. The threat of new tariffs on solar panels makes rooftop solar installations less financially attractive to homeowners and small businesses alike. In addition, states like California are revamping their net-metering policy for rooftop solar, which will see increased charges and less incentive for homeowners to set up solar power infrastructure on their premises. If the current trend continues, 2022 could see a 50% drop in solar deployment in the country (https://ibn.fm/FWtMo). Regardless, Correlate is still optimistic that there will be increased adoption of solar energy, marking an existing opportunity for the company to contribute to reduced carbon emissions and help businesses sustainably improve their buildings’ net operating income. For more information, visit the company’s website at www.CorrelateInfra.com. NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI

Friendable Inc. (FDBL) Spotlights Mental Health in the Music Industry; Offers Alternative to Label Control

  • Studies have shown that musicians are more likely than the general population to suffer from mental health illnesses but often have limited support
  • Even before the pandemic, a 22% increase was reported in the number of artists seeking out help for their mental health
  • Fan Pass Live and Artist Republik offer independent artists control of their careers through production, distribution, and marketing efforts – with most of the revenue coming back to the artist 100%
To close the month of May, Mental Health Awareness Month, Friendable (OTC: FDBL) highlighted some of the industry’s biggest music artists that have struggled openly with mental health. In an Instagram post on the Fan Pass Live (@fanpasslive) page, the company featured three artists who have spoken openly about their struggles and have also used these struggles as inspiration in their music. Big Sean is quoted saying, “It took me a lot of depression having a lot of anxiety to realize something was off.” He is not alone; the Musicians’ Union published an article last updated in March 2022 stating that musicians suffer more mental health problems than that of the general population. The issue first entered the spotlight in 2016 (pre-pandemic) when the charity “Help Musicians” noticed a 22% rise in musicians coming to see them for help with mental health crises. Sally-Anne Gross, a former music manager and principal lecturer in music business management at Westminster, commented on the study, saying, “It didn’t matter where people were, what genre they came from, or what part of the business they were in, they all said the same thing – they all loved making music but trying to build a career in music was crushing them. It really felt like we were talking to a lot of people who were very anxious” (https://ibn.fm/6Dywd). On average, recording artists lose 90% of streaming revenue to record labels, 10% to booking agents, and 15-20% of the overall income to management. In addition to these fees, artists feel a lack of support from their labels. Friendable is aiming to change the dynamic of the music industry by offering the first 360 independent artist platform. The company’s platform offers independent artists:
  • 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
  • Access to fan data and performance analytics
  • Monthly artist contests
  • NFT development and Metaverse performances (coming soon)
Other products on the market boast similar options for artists, but none truly incorporate production, distribution, and marketing full circle like Fan Pass Live. Since the acquisition of Artist Republik and FeaturedX in January 2022, Fan Pass Live has become a full-scale one-stop shop for artists looking to remain in control of their music. The Fan Pass Live and Artist Republik offerings allow musicians to unlock industry connections fast and easily distribute their music, starting at only $5. Additionally, fans who sign up for the Fan Pass Live platform gain front row access to their favorite independent recording artists, as well as:
  • An exclusive look into the artists’ lives
  • Browse upcoming events
  • Backstage access before, during, and after an event
  • A single place to view notifications, discussions, and content
  • Real-time interactions through live streaming
  • Exclusive and one-on-one videos
  • Behind the scenes look at music video and photo shoots
  • Access to exclusive artist merchandise
  • And much more!
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

SPYR Inc. (SPYR) Begins Actualizing 2022 Expansion Plans with Entry into Material Definitive Agreement to Acquire GeoTraq, Inc.

  • Earlier this year, SPYR announced its acquisition and expansion plans for this year that involved possible acquisitions of two companies
  • In a recent announcement, the company reported it had entered into a material definitive agreement to acquire one of the two targets: GeoTraq, Inc.
  • GeoTraq develops and manufactures 100% self-contained, fully-integrated, ultra-small, plug-and-play mobile IoT modules that consume low power
  • The acquisition positions SPYR to tap into the growing cellular IoT market and cellular IoT module space
  • Upon completing the acquisition, SPYR will have two subsidiaries
In a late March announcement, technology company SPYR (OTCQB: SPYR), dba SPYR Technologies, which, through wholly owned subsidiary Applied Magix, Inc., operates in the Internet of Things (“IoT”) market, documented its acquisition and expansion plans for 2022 that would build on prospects the company had quietly explored during the 2021 fiscal year. The acquisitions, the March 28 press release noted, would strengthen SPYR’s balance sheet and grow shareholder value (https://ibn.fm/lBSGS). At the time, the company had been in preliminary discussions with two targets. “Over the past year, we have been actively exploring expansion of the holding company for the benefit of our shareholders, and I believe these two opportunities are very attractive and will, assuming we complete the acquisitions, contribute to the overall business development and profitability of the company for the benefit of our shareholders,” SPYR CEO Tim Matula said of the planned acquisitions. One of these targets recently formed the subject of a news release in which SPYR announced it had entered into a material definitive agreement to complete its acquisition. Under the terms of the agreement, SPYR will acquire GeoTraq, Inc. from JanOne Inc. (NASDAQ: JAN) (https://ibn.fm/bFQSW). On a mission to provide simple IoT at a low cost, with ease of deployment and use as well as plug-and-play functionality with no product development required of the customer, GeoTraq develops and makes 100% self-contained, fully integrated, ultra-small mobile IoT modules for asset tracking, location-based services, and remote monitoring. The modules feature a unique design that allows them to seamlessly connect to not only sensors, antennas, and batteries but also to cloud services via GeoTraq’s proprietary cloud-based “WebTraq” platform. Described as penny-sized, GeoTraq’s IoT modules consume very low power and possess long battery life thanks to their use of the Low Power Wide Area Networks (“LPWAN”) connectivity. And to further minimize power consumption while maximizing efficiency, they implement the Power Saving Mode (“PSM”) as well as Extended Discontinuous Reception (“eDRX”). They are plug-and-play, with the user only needing to attach an antenna and battery and activate the device on the WebTraq platform. The IoT modules utilize cellular tower triangulation and only the Long-Term Evolution (“LTE”) radio to achieve highly accurate indoor and outdoor positioning capabilities. “The modules are designed with an event-driven architecture that uses data from sensors to wake up the module to transmit an alert if detection, consumption, or reaction occurs. Trigger points are based on conditions, patterns, or readings from sensors; they are intelligently designed to send you only the data you want, at the precise moment you need to act on it,” GeoTraq’s website reads (https://ibn.fm/SvcbE). This functionality makes the IoT modules ideal for monitoring everything from the temperature of frozen products during shipment and the amount of propane in tank vessels to the humidity levels in dry storage facilities. “GeoTraq has built a product that can be used in multiple ways, not just tracking. Sensors can be added to provide the customer with additional data points such as temperature and motion along with other sensor-driven data. We are very excited about this acquisition and look forward to continuing to build our company. Upon completion of this acquisition, SPYR will have two subsidiaries, Applied Magix and GeoTraq,” commented Matula. The acquisition of GeoTraq is also expected to position the company favorably to tap into growing markets. The global cellular IoT market is expected to grow from $5.3 billion in 2021 to a projected $18.3 billion by 2027, representing a CAGR of 22.6% (https://ibn.fm/VD4BG). Separately, the global cellular IoT module space witnessed a 58% year-over-year increase in revenue in the fourth quarter of calendar 2021 (https://ibn.fm/B68Ca). For product information, please see the Applied Magix website at https://AppliedMagix.com, or specific product sites: For more information, visit the company’s website at www.Spyr.com. NOTE TO INVESTORS: The latest news and updates relating to SPYR are available in the company’s newsroom at https://ibn.fm/SPYR

Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF) Expands Distribution of Baby Food Brand as Global Food Security Concerns Persist

  • Plant-based foods investment company Eat Well Investment Group Inc. has subsidiaries focused on organic baby foods, pea-based proteins and healthy snacks
  • Eat Well’s baby food company, Amara Organic Foods, recently announced that it has added supermarket giant Kroger’s eCommerce platforms to existing distribution outlets such as Walmart, Amazon and H-E-B
  • Kroger supplies over 2,750 grocery stores throughout the U.S. and has the largest supermarket chain annual sales revenue in the country
  • Eat Well also recently announced that it has hired brokerage firm Independent Trading Group (“ITG”) to help the company increase its stock liquidity and expand its reach to potential investors
Plant-based foods investment company Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) is gaining an increasing level of exposure for its portfolio of protein alternative and natural baby food brands thanks to distribution agreements with companies such as Walmart, Whole Foods, Sprouts Farmer’s Market, Loblaws, Amazon and HEB Grocery Company (H-E-B). Eat Well added another market-targeted arrow to its quiver this month with its recent announcement that investee baby food brand Amara Organic Foods is now available on the eCommerce platforms for The Kroger Co. (NYSE: KR) — Kroger.com and Vitacost.com. “Increased distribution through eCommerce channels continues to be a strategic focus of Amara to drive both topline revenue and to maximize margins that come from a DTC environment,” Amara CEO Jessica Sturzenegger stated in the news release announcing the new outlet for the baby food brand (https://ibn.fm/8be0S). The Kroger agreement is a welcome addition to Amara’s omnichannel sales distribution strategy. Kroger has the largest supermarket chain sales revenue in the United States, supplying over 2,750 grocery stores, and is the third-largest general retailer behind Walmart and Amazon (https://ibn.fm/Y3tyv). Last year, Amara reported 533 percent revenue growth and Amazon recognized its success as a top new release (https://ibn.fm/5biTA). That success helped drive Canada-based Eat Well’s revenue growth, which rose to nearly $60 million forecasted (Canadian) by year’s end, and Eat Well expects to boost that to between $90 million and $110 million by the end of this year (https://ibn.fm/ButWF). The company’s portfolio also includes plant-based ingredients processor Belle Pulses and plant-based food creator Sapientia as subsidiaries. Eat Well announced May 12 that it has hired brokerage firm Independent Trading Group (“ITG”) for market-making services under the rules governed by the Canadian Securities Exchange (“CSE”) to help the company further expand liquidity and its outreach to potential investors. Eat Well debuted on the CSE under its current name and ticker Sept. 2, and then added an OTC listing in the United States. ITG will “trade shares of the company on the CSE and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the company’s common shares,” according to the Eat Well’s statement (https://ibn.fm/CGsfq). Sapientia launched its first official product in Western Canada last December — a plant-based snack created by company founder and President Eugenio Bortone, who invented Twisted Cheetos. Belle Pulses is undergoing production facility expansion in response to the food security concerns arising from the war in Ukraine. The company produced about 90,000 metric tons of pea protein last year and expects to produce nearly 100,000 metric tons annually in the near future. The company will add an additional 15,000 metric tons of annual production through its United States facility. For more information, visit the company’s website at www.EatWellGroup.com. NOTE TO INVESTORS: The latest news and updates relating to EWGFF are available in the company’s newsroom at https://ibn.fm/EWGFF

Cryptocurrency and Blockchain Technologies Address Global Challenges, Including Environmental Crisis Through Carbon Offsets

  • The UN Environmental Programme considers blockchain a potential opportunity for the reduction of carbon emissions and other environmental impacts faced globally
  • Cryptocurrency and blockchain technology has the potential to create a positive environmental impact through the use of digital ledgers and carbon credits
  • Carbon credits are digital certificates purchased by companies and environmental projects certifying that they have reduced emissions by at least 1 tonne of CO2 or equivalent greenhouse gas in a given year
  • Companies can be considered carbon neutral if the number of carbon credits purchased equals their carbon footprint
  • The voluntary carbon offsets market was valued at $305.8 million in 2020 and is expected to reach $700.5 million by 2027
Since being introduced in 2008, cryptocurrency and blockchain have become an emerging technology trend making headlines and catching the attention of venture capitalists. Often used interchangeably, crypto and blockchain technology are not the same. Since inception, hundreds of cryptocurrencies have emerged, creating an alternative to fiat currency – a decentralized financial currency. On the other hand, blockchain technology has been considered one of the safest ways to store data since it cannot be altered once added to the chain. Blockchain technology is the digital ledger technology that allows transactions to be executed in a safe, more secure setting. One of the highest valued cryptocurrencies and the first blockchain technology application is Bitcoin. One of the biggest environmental debates in recent history (carbon emissions) has something in common with Bitcoin and blockchain technology, as environmentalists have expressed deep concern over the amount of energy consumed by Bitcoin miners and the increased carbon footprint it potentially leaves behind. The debate is not entirely founded, considering many companies are pushing for more environmentally sustainable forms of energy, potentially creating a greener future globally. Bitcoin mining companies like Marathon Digital Holdings Inc. (NASDAQ: MARA) are committed to creating more sustainable Bitcoin mining operations with a goal of being 100% carbon neutral by the end of 2022. The UN Environmental Programme (“UNEP”) cites blockchain as a potential opportunity to help in environmental crises. Mark Radka, Chief of UNEP’s Energy and Climate Branch, made a statement regarding UNEP’s Emissions Gap Report 2021, stating that “The world needs to almost halve emissions over the next eight years to stay on track for a 1.5°C world, while at the same time expanding access to energy to bring hundreds of millions of people onto the grid. Blockchain technology can play a part by making possible more accurate load monitoring, generation and distribution in the grid through efficient use of data” (https://ibn.fm/U9fT7). Cryptocurrency has the opportunity to go green using carbon offsets. These are credits that a company can purchase to reduce its carbon footprint. One carbon credit is a digital certificate providing the certification that a company or environmental project has avoided carbon emissions of one tonne of CO2 or the equivalent greenhouse gas in the year it was issued. A company is considered to be “carbon neutral” if its number of carbon credits equals its carbon footprint (https://ibn.fm/9Wscs). The global voluntary carbon offsets market (carbon credit) was valued at $305.8 million in 2020. During the forecast period of 2021 to 2027, it is expected to grow at a CAGR of 11.7%, resulting in a value of $700.5 million by 2027 (https://ibn.fm/3gmgu). The market represents six primary categories of greenhouse gas emissions – carbon dioxide (“CO2”), methane (“CH4”), nitrous oxide (“N2O”), perfluorocarbons (“PFCs”), hydrofluorocarbons (“HFCs”), and sulfur hexafluoride (SF6). With cryptocurrency and blockchain technology constantly evolving and the need for sustainability to be addressed globally, the UN created the Coalition for Digital Environmental Sustainability (“CODES”) in March 2021. CODES aims to advance digital sustainability to accelerate environmentally and socially sustainable development while mitigating the risks and unintended consequences, which is crucial in meeting the goals set in place by the UN’s Sustainable Development Goals by 2030 (https://ibn.fm/FrHPt).

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Canada Crypto Week Returns July 20–26, 2026, Turning Toronto into a Global Hub for Web3 and AI

July 8, 2026

Canada Crypto Week is back. Now in its sixth year, the week-long Web3 takeover of Toronto will run July 20–26, 2026, drawing builders, investors, founders, and community members from around the world for one of the most concentrated gatherings of Web3 activity on the global calendar. At the center of Canada Crypto Week is Blockchain […]

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