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Avricore Health Inc. (TSX.V: AVCR) (OTCQB: AVCRF) and the Critical Need for Better Disease Diagnosis

  • Up to 70% of all medical decisions are based on lab tests. These tests cost between 3% and 6% of total patient-care costs
  • The average patient spends about $260 on lab tests, a figure that is mainly associated with waiting for test results
  • With point-of-care (“POC”) testing, waiting time can improve by as much as 46 minutes per patient, thus making it cheaper for the patient
  • Avricore understands this problem, hence its investment in point-of-care technologies designed to make disease diagnosis easier, affordable, and more efficient
Over the past few decades, disease diagnosis has proven to be the single most important ongoing development in medicine, and for a good reason. The surge in infectious diseases has shown the importance of rapid and accurate diagnosis. Cases of Ebola outbreaks, along with the recent Covid-19 pandemic, have shown the significance of proper diagnosis and, even more importantly, point-of-care (“POC”) testing (https://ibn.fm/gzafZ). Early and accurate diagnosis has proven to improve the overall effectiveness of treatments while also helping the infected patient avoid long-term complications. Additionally, misdiagnosed or undiagnosed patients can unknowingly transmit the disease they have to others. In other cases, inaccurate diagnosis has led to the misuse or overuse of antibiotics, ultimately resulting in antibiotic resistance. Avricore Health (TSX.V: AVCR) (OTCQB: AVCRF), a Canadian-based enterprise, since its inception, has maintained its primary focus on developing a network of point-of-care analyzers, offering advanced technologies that aid with easy, fast, and efficient diagnosis. This health diagnostics technology innovator utilizes its HealthTab(TM) platform in community pharmacies, rural areas, and workplaces, thereby cutting down on the time it takes for a patient to get a proper diagnosis and medication for their ailment (https://ibn.fm/mcwMV). As it currently stands, up to 70% of all medical decisions are based on lab tests. Typically, these tests account for between 3% and 6% of total patient-care costs, which can be significant if a patient requires multiple tests or if the initial test proves unforthcoming (https://ibn.fm/UKtMz). Avricore understands that this is an issue, so it has invested a lot in rapid testing for patients. So far, the company, through its partners, offers rapid diagnosis for diabetes and cardiovascular conditions, and even Covid-19 (https://ibn.fm/w6u9p). POC testing has proven to offer the highest cost savings, which can then be traced down to the decreased cost of waiting for results. With rapid turnaround times, patients can save between 8-20% of lab costs. For instance, in the United States, patients spend as much as $260 each on lab tests and costs associated with waiting for their results. With POC testing, as Avricore is currently offering, waiting can improve by as much as 46 minutes per patient, resulting in monetary savings. For further context, the use of a diagnostic test for early detection of Methicillin-Resistant Staphylococcus Aureus (“MRSA”) allowed doctors to prescribe optimum antibiotics 1.7 days sooner, thereby reducing the length of hospital stays by 6.2 days and lowering hospital costs by over $21,000. Researchers also pointed out during the Ebola crisis that had POC tests been used during the epidemic, its scale could have been reduced by over a third. Avricore understands the importance of proper and efficient disease diagnosis, hence its investment in point-of-care analyzers. The company has made incredible strides over the past few years, forming critical partnerships with pharmacies and bringing its services closer to the people. This has proven useful in the company’s onsite testing and reporting capabilities for SARS-CoV-2, RSV, Influenza A & B and Strep (https://ibn.fm/7zO7d). Referring to itself as a total health innovator, Avricore is constantly seeking to capitalize on technological advancement and consumer health trends, thereby offering consumers, health providers, and life-science companies the ability to control spending and health outcomes (https://ibn.fm/yHMLr). Going forward, the company intends to become the world’s largest health diagnostics company. It is currently focusing on point-of-care technologies within community pharmacies to achieve this. According to the company, doing so will make the diagnosis and overall healthcare more accessible and affordable to the masses. What the company is doing is transforming disease diagnosis and laying the foundation for what is to come in the future. For more information, visit the company’s website at www.AvricoreHealth.com. NOTE TO INVESTORS: The latest news and updates relating to AVCRF are available in the company’s newsroom at https://ibn.fm/AVCRF

PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) Expands Plant-Based Product Horizons to Include Walmart Marketplace

  • The company gains the client base offered by Walmart while still maintaining control over inventory, pricing, fulfillment, and customer care
  • Available brands will include Oatly, Nature’s Path, Made in Nature, and Simply Organic
  • Since 2020, PlantX has offered many services through the company’s platform, including access to over 5,000 plant-based or vegan items across its vast catalogue
  • PlantX shows dedication to consumers by offering a platform full of plant-based products, meal delivery programs, a plant delivery program, and even forums where like-minded consumers can interact
Dedicated to being the digital face of the plant-based community, PlantX Life (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) is providing consumers with a one-stop shop for all things plant-based. Quickly growing and evolving through the company’s catalog of verticals, PlantX offers more than 5,000 plant-based products to consumers across North America. Now, the company also launched as a seller on the Walmart Marketplace in the United States, where it will have over 500 plant-based grocery items available, ranging in variety and brands, including Oatly, Nature’s Path, Made in Nature, and Simply Organic. Having access to Walmart’s marketplace ecosystem is a big opportunity for PlantX, and it should ultimately help the company position itself as a leader in the plant-based industry. “The decision to apply and launch as a Seller on Walmart’s US Marketplace was inspired by PlantX’s experience as a Seller on the Walmart Marketplace in Canada, where PlantX has launched over 900 distinct plant-based items since June,” PlantX CEO Lorne Rapkin explained the decision (https://ibn.fm/KrJCF). “The new agreement will enable PlantX to integrate its growing selection of plant-based products onto the Walmart platform in the U.S. and have access to Walmart’s extensive customer network and digital marketing resources while maintaining full control over our inventory, pricing, fulfillment, and customer care.” As a high-growth technology company that focuses on consumer-packaged-goods (“CPG”) for plant-based opportunities, the PlantX platform is a community that includes:
  • Plant-based grocery and pantry items, including vitamins, cosmetics, and even pet food
  • Meal delivery with recipes created by well-known plant-based chefs worldwide
  • A plant shop that delivers a wide variety of affordable indoor houseplants to homes across the United States and Canada
  • Easy to follow plant-based recipes weekly
  • Partnerships with restaurants, nutritionists, chefs, and brands
  • A community of like-minded individuals
Since its launch in February 2020, PlantX has offered a variety of services through the comprehensive platform. The online marketplace features over 5,000 items across all of its product categories. The digital interface provided by PlantX spans an initiative for health and wellness, having been compared to the likes of Amazon. The platform provides consumers with the ability to fulfill a plant-based life at the click of a button. PlantX allows customers to shop, find recipes, read blogs, be a part of a community, use an educational interface, view cosmetics, read corporate updates, subscribe to the company newsletter, and more. To date, PlantX has launched multiple verticals under its brand. These include new meals and programs by renowned chefs, flagship PlantX locations, PlantX branded goods, U.S. meal delivery and LIV, and online peer-to-peer fitness. Using a consumer-friendly interface, the PlantX website makes it easy to navigate and find what is needed. Forums are available for consumers to communicate with one another, swap recipes, locate restaurants, and more. In the future, PlantX plans to continue scaling through organic growth, strategic partnerships, and accretive M&A opportunities. The company intends to expand with a global strategy for distribution in North America, Europe, and Israel. For more information, visit the company’s websites at www.PlantX.comwww.PlantX.ca, and https://investor.plantx.com/ and view PlantX for Plant-Based Investors. NOTE TO INVESTORS: The latest news and updates relating to PLTXF are available in the company’s newsroom at https://ibn.fm/PLTXF

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Announces Creation of Million-Dollar Foundation to Support Local Communities

  • UUUU’s San Juan County Clean Energy Foundation designed to assist communities surrounding Energy Fuels’ White Mesa Mill in southeastern Utah
  • Company initially donating $1 million, plans to donate annual funding equal to 1% of the mill’s future revenues
  • Investing back into the San Juan County community will give company opportunity to support, catalyze sustainable economic and community development
Committed to being a strong member of the community, Energy Fuels (NYSE American: UUUU) (TSX: EFR)  has established the San Juan County Clean Energy Foundation (https://ibn.fm/y7aW1). The foundation is a fund created to contribute to the communities surrounding Energy Fuels’ White Mesa Mill in southeastern Utah. Energy Fuels kicked off the fund by depositing $1 million into the foundation, noting that the company plans to continue to donate annual funding equal to 1% of the mill’s future revenues. The funds from the foundation are earmarked to support the local economy and local priorities, specifically focusing on supporting education, the environment, health/wellness, and economic advancement in the city of Blanding, San Juan County, the White Mesa Ute Community, the Navajo Nation and other area communities. “The communities that surround our facility deserve to share in the benefits of the mill’s clean-energy future,” said Energy Fuels CEO Mark Chalmers. “We see San Juan County as becoming a critical minerals hub for the U.S., and we believe the foundation is truly the best way to make an impact and difference in the lives of those who work alongside us as we pursue these goals.” In the announcement, Chalmers noted that uranium, which is the fuel for carbon-free, emission-free baseload nuclear power, is one of the cleanest forms of energy in the world. “The rare earths we are now producing are used for the manufacture of permanent magnets for electric vehicles, wind turbines and other clean energy and modern technologies, and the thorium and other radioisotopes we are evaluating for recovery from our rare earth and uranium processing streams have the potential to provide the isotopes needed for emerging targeted alpha therapy cancer-fighting therapeutics. The very heart of our business — uranium and rare-earth production and recycling — helps us play a big part in addressing global climate change, reducing air pollution, and making the world a cleaner and healthier place.” “The processing of rare earths at the White Mesa Mill, in addition to processing and recycling uranium, is one of the best opportunities I have seen in my entire 40+ year career, as electric vehicles, renewable energy systems, and other clean energy and advanced technologies drive demand,” Chalmers continued. “And the potential to also extract isotopes that can be used to fight cancer is a very important added opportunity. Investing back into the San Juan County community will give us the opportunity to help support and catalyze sustainable economic and community development, beyond good jobs and more tax revenues.” Local community leaders reacted to the announcement, with Blanding mayor Joe B. Lyman noting that the company has long been a major contributor to not only the employment base of the community but also for the well-being and prosperity of this region. “Over the last year, the company has met with local community members to understand and identify needs in the area,” he observed. “The formation of the foundation is a culmination of these efforts and the beginning of a long-term commitment to improve the quality of life for everyone in the San Juan County area to help us reach our full potential.” While Blanding only boasts a population of a little more than 3,000, the city is the largest one in San Juan County. Resources in the area include mineral processing, mining, agriculture, local commerce, tourism and transportation. In addition, the community serves as a gateway to nearby natural, cultural and archaeological resources. Energy Fuels noted that the foundation will have a community-based advisory board, which will assist in determining the best allocation for the funds. This will “ensure that the foundation’s contributions are well planned and correspond to the specific needs and aspirations of the communities,” the company stated. Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. Energy Fuels also produces vanadium from certain projects, as market conditions warrant, as well as rare earth carbonate. With corporate offices in Lakewood, Colorado, near Denver, and all of its assets and employees in the United States, Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming and the Alta Mesa ISR Project in Texas. For more information, visit the company’s website at www.EnergyFuels.com. NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Is ‘One to Watch’

  • The company completed the acquisition of LQwD Financial Corp. in June 2021
  • LQwD FinTech has purchased over C$3 million worth of bitcoin at an average price of C$46,000 (US$36,800)
  • LQwD FinTech investors gain exposure to bitcoin as an asset
  • Investors also gain exposure to the Lightning Network, which is positioned for rapid growth
LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) is a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption. LQwD FinTech’s mission is to develop institutional-grade services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility, and scaling of bitcoin. LQwD is also securing a substantial position in bitcoin as an operating asset and will use its holdings to establish nodes and payment channels on the Lightning Network. The Lightning Network is a second-layer protocol, sitting above the bitcoin blockchain, intended to facilitate faster micro-transactions and lower fees on bitcoin transactions, thus allowing mass adoption of bitcoin. LQwD expects the Lightning Network to eclipse the patchwork of legacy financial networks that are used to move value today. The company’s software will make migration from legacy networks onto the Lightning Network easy and seamless. By onboarding more financial service providers, LQwD intends to grow the value of the Lightning Network. The company, formerly known as Interlapse Technologies Corp., is harnessing new payment rails built on top of the bitcoin blockchain that are capable of beyond visa-level transaction volumes and backed by bitcoin, the strongest and most well-known cryptocurrency. These new rails, enabled by the Bitcoin Lightning Network, open a vast opportunity and market segment for digital payments and financial services on a global scale. LQwD aims to leverage its position as a public company to enhance trust in its products and services, and leverage its shares as currency for acquisitions, roll-up and growth, as well as to attract and retain top industry talent. Product The Lightning Network is a solution to massively scale the use of bitcoin for microtransactions globally, dramatically improving upon fees, as well as providing instant settlement times. The Lightning Network has experienced explosive growth and is expected to continue with the trend as usage increases. Well-known companies, such as Twitter and Square, have expressed their enthusiasm to incorporate Lightning Network into their platforms. The Lightning Network is scalable, global, open, inclusive, permissionless and decentralized. It is made up of nodes connected via payment channels, and enables off-chain, instantaneous and cheap payments at scale. Upon launch of LQwD’s Lightning Network platform-as-a-service, users will be able to leverage the Lightning Network infrastructure to send payments instantly, securely and inexpensively anywhere in the world. Companies and service providers will be able to conduct Lightning Network transactions in bitcoin by integrating LQwD’s infrastructure with their business or web property. Connected businesses will be able to easily deploy, monitor and manage LQwD’s Lightning Network nodes with no or low-level technical knowledge required. The company fully expects Lightning Network to be a force for global change and to become the monetary exchange network of the future. The Lightning Network, which is already built, functioning and growing, will advance bitcoin from a store-of-value to a global monetary network through payment utility. The company expects the Lightning Network will propel the growing number of active blockchain wallets to new heights, by increasing bitcoin’s scalability and lowering its fees for users. For coming generations, everything from wealth to experiences will be acquired and transacted virtually, and LQwD sees the Lightning Network as an enabling technology that can bring bitcoin to hundreds of millions of new users across the globe. Market Outlook Forbes in August 2021 noted that “private investors are funding companies that are building the infrastructure that will support future growth of crypto and digital assets,” and called public companies building cryptocurrency infrastructure “the hottest part of the crypto market.” While the first wave of investor interest in crypto firms was directed at companies catering to retail investors, investors have now shifted their attention to infrastructure builders, like LQwD FinTech. Forbes did not put an estimated value on the crypto infrastructure market but pointed out that large-scale adoption of cryptocurrencies will only happen when infrastructure is in place to support it. The larger digital payments market, of which crypto payments are a small fraction, is growing at more than 14 percent annually and is forecast to hit $154 billion by 2025. Management Team Shone Anstey is co-founder, chairman and CEO at LQwD FinTech. He has 20 years of experience in building complex technologies and has acted as technology lead for an industrial bitcoin mine and bitcoin mining pool. He is a Certified Cryptocurrency Investigator, and an advisor to the British Columbia Securities Commission. He is also co-founder of BIGG Digital Assets (OTCQX: BBKCF) and took that company public in 2017. Barry MacNeil is CFO at LQwD FinTech. He is a member of the Chartered Professional Accountants of British Columbia and has more than 30 years of management and accounting experience with public companies and in private practice. His previous positions include director of both public companies and nonprofits, as well as Chief Financial Officer and Corporate Controller. Albert Szmigielski is co-founder and CTO at LQwD FinTech. He was formerly the Head of Research and Chief Blockchain Engineer at Blockchain Intelligence Group and VP Research at CipherTrace. He holds a B.Sc. in Computing Science from Simon Fraser University, and a Master of Science in Digital Currencies and Blockchain Technologies from the University of Nicosia, Cyprus. For more information, visit the company’s website at https://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

Friendable Inc. (FDBL) Releases Radio Ads to Build a Foundation of Brand Awareness for Fan Pass Platform

  • The initial campaign is designed to help deliver the company’s brand messaging to artists and fans worldwide
  • The company is using the brand awareness foundation to build additional campaigns digitally, on social media, and for advertising purposes
  • The new version of the Fan Pass platform offers artists the resources needed to expand their musical offering on a more professional level
Friendable (OTC: FDBL), a mobile technology and marketing company focused on providing artists with a platform to share their music and fans a place to find their favorite artists, all in one place, has kicked off the first phase of a brand awareness campaign for its Fan Pass artist streaming platform. In the first phase, the company has released 15- and 30-second radio spots on Spotify and other programmatic networks (https://ibn.fm/ME45t). These radio spots are a part of the 120-day plan put together by the company, which included the release of version 2.0 of the platform. Their goal is to deliver the company’s brand messaging to artists and global fans and music lovers who are constantly on the lookout for new artists and music. “Following the release of our all-new version 2.0 of the Fan Pass platform, we have now taken the necessary steps to ensure our platform is stable, our service offerings are sound, and the support tools are in place to provide a superior experience for both artists and fans,” Friendable CEO Robert A. Rositano Jr. commented about the radio ads. “Now, it’s time to begin promoting our brand and mission with the release of these two radio spots, which are just beginning to run on various networks, including Spotify.” The radio spots are only the beginning of the company’s digital campaign. Having the foundation of brand awareness comes before the specific and direct artist or fan acquisition campaigns as a part of the overall strategy. Rositano finds that it is more impactful to the company, to begin with, some “spot-driven” messaging coming behind the initial direct digital media, social media influencer, and general advertising campaigns to target the fan acquisition and artist signups. Also in the works is a public relations outreach strategy to enhance the multi-phase approach of making Fan Pass a household name. Fan Pass is providing a live-streaming platform that thousands of artists, independent and more established, have signed up for since its inception. Friendable commenced its 120-day plan with the release of Fan Pass platform version 2.0 in July 2021 – exactly one year from its initial release. Additionally, the company released a new mobile app which was approved by Google Play and Apple Stores for download. Besides being a live music streaming platform, Fan Pass offers artists various resources that allow them to advance in their art. Artists can take advantage of the Pro Services offered on the Fan Pass platform to help build their brand, attract more fans, and earn income as musicians with the quality branding resources needed. Categories available on the Pro Services page include Artist/Band Logo Design, Merch Design, and Marketing Materials. These range in pricing from $45 for a social ad/ announcement design to promote the next three events all the way to a $400 pro merch collection with five high-resolution designs placed on any five merch items available. Streaming gear is also available for artists (at all levels) on the Fan Pass platform. Artists can purchase new streaming equipment, create their events, or purchase replacement lighting – the opportunities and resources are endless for artists coming to the platform. Pricing for the items begins at $9.95 and up, offering artists a music-centered place to access some of the best gadgets to fine-tune their craft. Friendable intends to continue making more options available to artists and fans as its 120-day plan draws closer to completion. 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

Tryp Therapeutics Inc. (CSE: TRYP) (OTCQB: TRYPF) Continues to Increase Awareness of Novel Psychedelic Drug Candidates

  • Pharmaceutical company Tryp Therapeutics is preparing for clinical trials evaluating synthetic formulations of psilocybin to treat medical conditions with underpinning neurological causes
  • The clinical trials planned are being conducted in partnership with research teams at the University of Florida and the University of Michigan
  • Tryp executives have been meeting with investors at select conferences recently to increase awareness, including the just-completed Sept. 21 presentation at Oppenheimer’s Fall Healthcare Life Sciences & MedTech Summit
  • The company expects to initiate Phase 2a trials to begin before the end of the year for treating certain eating disorders, with Phase 2b trials to follow next year
Novel pharmaceutical company Tryp Therapeutics (CSE: TRYP) (OTCQB: TRYPF) continues to garner attention for its development of psilocybin as potential treatments for medical conditions with largely unmet needs, presenting an overview of its business and ongoing clinical trials for its two trademarked drug candidates most recently at the Oppenheimer Fall Healthcare Summit. Tryp is nearing the launch of a Phase 2a clinical trial that aims to establish the value of its psychedelic drug candidate, TRP-8802, in treating chronic and severe eating disorders such as Prader-Willi Syndrome (PWS), hypothalamic obesity disorder resulting from the removal of a brain tumor, and binge eating dysfunction. The company also plans to execute Phase 2b clinical trials for its proprietary psychedelic candidate TRP-8803 to evaluate its ability to penetrate the natural blood-brain barrier and effectively alleviate pain and addiction concerns, including targets for phantom limb pain and fibromyalgia. Oppenheimer’s Fall Healthcare Life Sciences & MedTech Summit featured companies’ presentations and one-on-one meetings by invitation only through a virtual platform online. Tryp joined other select public companies in the sector for a presentation that paired investors with management teams to discuss key programs in detail, delivering its address on Sept. 21 (https://ibn.fm/30YVm). The management team also presented an overview of the company the prior week at the H.C. Wainwright 23rd Annual Global Investment Conference and at the Canaccord Genuity Virtual Growth Conference last month. “I am excited to showcase the transformative work that Tryp Therapeutics is doing in collaboration with our academic research partners such as the University of Michigan and the University of Florida,” Tryp Chairman and CEO Greg McKee stated in July (https://ibn.fm/P8zw8). “The next six months represent an important stage in development for us as we initiate multiple Phase 2a clinical trials and move closer to providing additional treatment options for the millions of patients suffering from a variety of chronic pain diseases and eating disorders.” Tryp’s product development moves beyond the initial interests in testing psychedelics for treating solely mental health issues such as depression, anxiety, addiction, and PTSD, combining supervised administration of the drug with psychotherapy in response to select medical conditions in which specific neurological maladies play a causal role. Tryp also is distinguishing itself by developing a novel method of administration for its TRP-8803 candidate to make the experience better for patients, leading to a provisional patent to protect the unique features of the proprietary formulation. The company’s drug products are manufactured in the United States as part of an exclusive supply chain for its active ingredients that assures Tryp will have sufficient quantities to complete its clinical trials and establish eventual commercialization. Tryp expects Phase 2a trials for the eating disorders and for phantom limb pain to begin before the end of the year (https://ibn.fm/finBj). For more information, visit the company’s website at www.TrypTherapeutics.com. NOTE TO INVESTORS: The latest news and updates relating to TRYPF are available in the company’s newsroom at https://ibn.fm/TRYPF

Sugarmade Inc. (SGMD) Signs Agreement to Gain Key Licenses for Planned Cannabis Delivery Expansion

  • SGMD anticipates using the licenses for three new vertically integrated Nug Avenue cannabis delivery hubs
  • Each of the licenses can be used for up to three of five categories of licensed cannabis-related business activities
  • Definitive agreement aligns with announcement that Sugarmade has acquired LA property for first of new Nug Avenue cannabis delivery hubs
In its continued focus on building is cannabis delivery interests, Sugarmade (OTC: SGMD) has signed a definitive agreement to obtain three nonstorefront California cannabis licenses from the Los Angeles Department of Cannabis Regulation (“DCR”), along with corresponding licenses from the California Bureau of Cannabis Control (“BCC”) (https://ibn.fm/EyI3W). SGMD is focused on establishing itself as a leader in California’s vertically integrated cannabis marketplace, and the company anticipates using the licenses for its planned three new vertically integrated Nug Avenue cannabis delivery hubs. “Once we have put all of these new licenses to use, we will have quadrupled our distribution footprint in the world’s largest cannabis market,” said Sugarmade CEO Jimmy Chan. “We also continue to move toward establishing our own cultivation operations. Together, these steps are part of our core vision – to establish a full farm-to-door vertically integrated cannabis company capable of driving a much greater percentage of total sales to the bottom line for our shareholders, while capturing much greater control over product quality for our customers.” According to the announcement, each of the three licenses that SGMD plans to acquire can be used for up to three of the five categories of licensed cannabis-related business activities allowed under the terms of these licenses: retail delivery, manufacturing, distribution, transport-only, and cultivation. The company noted that by using each license for a combination of retail delivery of cannabis products with supply chain distribution of cannabis products and manufacturing/packaging of cannabis products, it will possess the required licensing to open three new Nug Avenue locations; the company plans on opening the new operations in the Los Angeles metropolitan area. The signing of the definitive agreement aligns ideally with the company’s announcement that it has acquired a property in Los Angeles that will serve as the first of these new Nug Avenue cannabis delivery hubs. SGMD’s initial involvement in Nug Avenue came as a result of an agreement announced in February, in which the company acquired a 70% stake in the Lynwood, California, operations of Nug Avenue. Based on the agreement, SGMD will recognize 100% of revenue and 70% profits generated from Nug Avenue’s Lynwood delivery service operations. In addition. Those same terms will carry over to each new Nug Avenue location as the company expands. Sugarmade Inc. is a product and branding marketing company investing in operations and technologies with disruptive potential. In addition to its financial interest in the BudCars brand, SGMD’s brand portfolio includes Nug Avenue, CarryOutsupplies.com, SugarRush(TM) and Lemon Glow. For more information, visit the company’s website at www.Sugarmade.com. NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://ibn.fm/SGMD

StorEn Technologies Inc. Names New Director of Business Development

  • New director will add significant strength to business development and marketing initiatives
  • Davis has decades of sales and business development experience heavily focused on emerging technology solutions for telecommunications, utilities industries
  • StorEn focused on revolutionizing the world of residential, industrial energy storage
StorEn Technologies, a developer of evolutionary vanadium flow batteries with a disruptive patent-pending, all-vanadium flow battery technology, has named John Davis as its new director of business development (https://ibn.fm/XkKIa). Davis is a seasoned executive with almost three decades of experience in sales and business development. “The appointment will add significant strength in our business development and marketing initiatives, in our core areas of focus such as residential storage, telecoms and other key segments, in North America and internationally,” the company announced. “John has over 28 years executive level experience in sales and business development heavily focused on emerging technology solutions for the telecommunications and utilities industries. “Most recently, John held the position of director of business development for XNRGI Inc, an early-stage lithium battery developer building an innovative solid state lithium battery technology,” the announcement continued. “Over the course of the last 20 years, John has worked with a number of flow battery and fuel cell developers including ZincNyx, RedFlow Limited, Deeya Energy, VRB Power, ReliON Fuel Cells and Metallic Power.  During his time at VRB, one of the first vanadium flow battery companies, John oversaw the sales and delivery of the first flow battery installed at a telecom site.” The company noted that Davis has played an instrumental role in the standardization of hydrogen fuel cells used as stationary backup power at many telecom sites throughout the United States and the Caribbean. In addition, Davis held the position of senior director of European Sales with Tekelec Inc. in the mid-1990’s, overseeing an extensive distribution network in 15 countries. StorEn has developed evolutionary vanadium flow batteries. Incubated at the Clean Energy Business Incubator Program (“CEBIP”) within Stony Brook University in New York, the company is building upon the strengths of vanadium flow batteries to revolutionize the world of residential and industrial energy storage. In part, StorEn’s technology has enhanced the electrical efficiency of the stack and energy density of the electrolyte and module, ultimately reducing costs and improving performance. The company produces products with a battery life of 25 years and more than 15K cycles. That company takes pride in offering batteries that meet consumers demand for efficient, durable and cost-effective energy storage, enabling self-consumption of self-produced electricity and the transition toward a carbon-free economy. StorEn is in the process of a RegA offering with four different investment tiers; each tier offers a different discount and reward (https://ibn.fm/E4IcJ). With a proprietary product that answers the call for long-lasting, 100% recyclable, safe and affordable energy storage, StorEn and its disruptive, patent-pending, all-vanadium flow battery technology for energy storage holds real promise in a growing market. For more information, visit the company’s website at www.StorEn.tech. NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies are available in the company’s newsroom at https://ibn.fm/StorEn

Simply Sonoma Inc. Establishing Organic Presence in Multibillion-Dollar CBD Industry

  • Statista report notes that the global cannabidiol market size is expected to expand at a compound annual growth rate of 21.2% from 2021 to 2028
  • Increasing awareness of CBD’s therapeutic benefits have influenced buyers to buy cannabidiol products, regardless of their cost
  • Simply Sonoma, a CBD company focused on building a reputation as a leader in plant-based medicinal health and beauty products
A recent Yahoo.finance article touted the growth of the CBD market, a sector that has seen steady growth even during the pandemic (https://ibn.fm/19R2d). Titled “CBD Market to Grow to $16 Billion by 2026 — Should You Invest?,” the article reports the projected billion-dollar growth of the CBD space, growth that Simply Sonoma, a company committed to organic farming, is primed to benefit from. “The global cannabidiol market size was valued at $2.8 billion in 2020 and is expected to expand at a compound annual growth rate of 21.2% from 2021 to 2028, according to a Grand View Research report,” the Yahoo article reported. “In addition, sales of CBD products in the U.S. stood at $4.6 billion dollars in 2020, and by 2026, this market is expected to grow to $16 billion dollars in value, according to a Statista report. “Increasing awareness of CBD’s therapeutic benefits have influenced buyers to buy cannabidiol products, regardless of their cost, according to the report,” the article continued. “In turn, as these have a greater profit margin, commercial retailers, including health and wellness retailers such as Rite Aid, CVS Health and Walgreens Boots Alliance, are now focusing on selling CBD products.” The growing awareness and popularity of CBD is especially evident in California. “With estimated sales of $730 million, the state of California is the country’s leading market for CBD products,” stated the article, which also noted the growing variety of CBD products available. “‘CBD products come in many different shapes and sizes, including tea, vape products and soaps. Within the food segment, oils and spreads were the most common types of cannabidiol products in 2019,” according to Statista. “‘In American convenience stores, vitamins were the leading CBD segment in terms of sales, generating over 20 million U.S. dollars in 2020. Overall, lotions and balms were the segment of CBD products that sparked the most interest among consumer[s] in the U.S. followed by gummies, tinctures, and supplements. While still a relatively small factor in consumer markets, CBD penetration is growing. In 2019, CBD accounted for four percent of the global vitamin and dietary supplements market. By 2027, this number is expected to grow to over 20 percent,’” the article concluded. Those are exciting numbers for Simply Sonoma, a CBD company focused on building a reputation as a leader in plant-based medicinal health and beauty products. Specifically, Simply Sonoma is developing broad-spectrum CBD products for therapeutic applications from a scientific perspective. Its products come from the farm rather than from a lab, with the goal of achieving fewer side effects and more efficacy for patients. The company is committed to incorporating published, science-based trials and research into the formulation and manufacture of its CBD offerings. Simply Sonoma is a different kind of natural company and looks forward to introducing its exceptional products to the consumer market. For more information, or to invest in Simply Sonoma, visit the company’s website at www.SimplySonoma.org. NOTE TO INVESTORS: The latest news and updates relating to Simply Sonoma are available in the company’s newsroom at https://ibn.fm/Sonoma

Infobird Co., Ltd (NASDAQ: IFBD) Signs Service Contract with a Global Leading Retail Brand

  • On August 3, 2021, Infobird signed a service contract with a subsidiary of a global leading retail brand
  • The brand is a Fortune 500 retail and consumer product company and a leader in its sector, with operations in over 80 countries around the world
  • It hopes that through this contract it will capitalize on Infobird’s intelligent quality inspection to improve its customer service system within the Chinese market
  • This move demonstrates Infobird’s commitment to improving what it offers and successfully expanding into the market of retail and consumer product companies
On August 3, 2021, Infobird (NASDAQ: IFBD) announced that it had signed a service contract with a subsidiary of a global leading retail brand (https://ibn.fm/7cclL). This Fortune 500 retail and consumer product company is a leader in its sector and has operations in over 80 countries worldwide. It hopes that, through this contract, it will capitalize on Infobird’s intelligent quality inspection in a bid to significantly improve its customer service system within the Chinese market (https://ibn.fm/Fxs8C). It also hopes to bring users the ultimate consumer experience by creating caring, convenient, and professional customer services. Infobird is a software-as-a-service (“SaaS”) provider, offering artificial intelligence (“AI”)-powered customer engagement solutions for the Chinese market. Since it was founded in October 2001, this company has always sought to bring value to its clients with solutions to increase revenue, enhance service quality, reduce overheads, and improve customer satisfaction. It leverages an in-house cloud computing structure, AI, and machine learning capabilities to serve its client base that is steadily growing. Infobird trusts that its intelligent quality inspection system will help the company achieve 100% coverage and automation of intelligent quality inspection with this collaboration. It also believes that the system will allow the company to optimize the scope of quality inspection channels, customer service soft power, and speech flow, among various other aspects. So far, Infobird’s technology and solutions for the retail and consumer product industry have been applied in various leading companies such as SaSa, a beauty brand based in Hong Kong, and Zu Li Jian, a footwear company for the elderly in China. Its solutions cover various business scenarios, including but not limited to management, marketing, and customer service. For an industry that is proliferating, Infobird has positioned itself perfectly, and this cooperation is another breakthrough in Infobird’s market development strategy in the retail and consumer product industry. Following the pandemic, retail and consumer products introduced a historic development opportunity and sparked a growth which McKinsey & Company projects will continue, particularly in the Chinese market. In just the first half of 2021, total retail sales of consumer products in the Chinese market were over 21.2 trillion yuan, a 23% growth from the same period in 2020 and an average growth rate of 4.4% over the past two years. One central draw point from this growth is the role that digitalization of customer engagement is playing. More companies are optimizing their customer engagement process to enhance the customers’ experience through technology and business model upgrades. Infobird understands these trends, goals, and requirements, hence its investment into the technology and services it offers. The successful client launch with this global leading retail brand demonstrates Infobird’s commitment to improving what it offers and successfully expanding into the market of retail and consumer product companies. For more information, visit the company’s website at www.Infobird.com/en/index.html. NOTE TO INVESTORS: The latest news and updates relating to IFBD are available in the company’s newsroom at https://ibn.fm/IFBD

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