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PowerTap, an Investee Company of Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6A) (OTC: MOTNF), Inks Hydrogen Fuel Deal with Andretti Group

  • California-based PowerTap Hydrogen Fueling Corp. has signed a definitive agreement with the companies collectively comprising the Andretti Group to locate PowerTap’s hydrogen station technology at select Andretti properties
  • The Andretti Group will further help market PowerTap’s technology to third-party chain retailers, major oil companies and independent stations through the Andrettis’ deep network of automotive industry connections
  • Clean Power Capital Corp., based in British Columbia, Canada, is a major investor in PowerTap, holding 90 percent equity interest as part of its mission to help build holdings in the health and renewable energy industries
  • Clean Power announced in December that its appearance on the Canadian Securities Exchange has been enhanced by listing on two of the CSE’s indices — the CSE Composite Index (R) and the CSE25 (TM) index — and that the company is examining the possibility of uplisting to the NASDAQ exchange in the United States
Holding company Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) recently announced a landmark definitive agreement between its investee company, PowerTap Hydrogen Fueling Corp. and the Humboldt Petroleum, Inc., Peninsula Petroleum, LLC, and Colvin Oil I LLC (dba GP Energy) companies that collectively are identified as “the Andretti Group.” PowerTap is a technology-developing business determined to build a large network of hydrogen fuel stations that will help Americans embrace hydrogen as a clean energy alternative to petroleum for vehicles including long haul Class 8 trucks and cars. The company intends to develop a network across the United States in a phased approach, beginning with a launch of 500 outlets in California that use its onsite steam methane reforming (“SMR”) hydrogen production and dispensing modular units. The Andretti Group agreement will allow PowerTap to install its 1,250-kilogram hydrogen production and dispensing stations at certain California properties owned by the Andretti Group, while the Andretti Group works to exclusively introduce and distribute PowerTap to its deep network of third-party major oil companies, chain retailers, cardlock operators and independent fueling stations under a retailer “revenue share” model, according to the Jan. 26 announcement (https://ibn.fm/qtIyC). PowerTap will infuse an initial $1.25 million to the Andretti Group initiative to enable the Andretti / PowerTap initiative to become operative quickly. “Given our long family lineage around the automobile, we are thrilled to be on the vanguard of new transportation technology — especially in this very exciting and promising area of Hydrogen Fuel Cells,” a statement issued by Andretti Group Chairman Mario Andretti and his partner/son Michael Andretti reads. “We are always energized at being first in the application of innovative technologies. We relish the prospect of leading America’s move to cleaner and more efficient energy.” Western Canada-based Clean Power has 10 investments in a variety of sectors and successfully held nearly $120 million in investments last year, when it gained a 90 percent interest in PowerTap through an equity investment in the company’s clean energy operation. Clean Power’s corporate focus is on the health and renewable energy industries, aiming to help a select set of private and public companies grow to meet their potential. The Andretti Group will also provide PowerTap with services including tactical and strategic planning, network development, real estate support, project management, account management and various “run and maintain” support projects in connection with the fueling stations. PowerTap believes its technology has the potential to supply a cleaner fueling process than technologies dependent on large amounts of electricity to produce hydrogen, and that it can be more cost-effective than hydrogen produced offsite from the fueling stations. Clean Power’s entry on two Canadian Securities Exchange indices — the CSE Composite Index (R) and the CSE25 (TM) index — is designed to help its holdings grow, and the company announced in December that it has formed a strategic committee to examine the possibility of listing common shares on the NASDAQ exchange in the United States to further improve its attractiveness to investors (https://ibn.fm/AA9Od). For more information, visit the company’s website at www.CleanPower.Capital. NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at https://ibn.fm/MOTNF

United Medical Equipment Business Solutions Network Inc. to Thrive as High-Filtration Masks Gain Traction; Doctors Call for National Hi-Fi Mask Initiative

  • Not all face masks equally effective; high-filter masks proven most powerful
  • Doctors call for national hi-fi mask initiative to widely distribute masks to each household
  • United Medical offers high-filter masks; positioned to capitalize on broader recognition of hi-fi masks
Not all masks are created equals, states a recent Stat article, which underscores the importance of high-filtration (hi-fi) masks. The article, titled “Along with vaccine rollouts, the U.S. needs a National Hi-Fi Mask Initiative,” states that hi-fi masks such as N95 masks are the most effective in protecting against COVID-19 (https://ibn.fm/l3FJc). As a company distributing a comprehensive line set of COVID-19 products, including hi-fi masks, United Medical Equipment Business Solutions Network (“UMEBSNI”) is positioned to benefit from the growing recognition of the importance of this type of superior protection. That article claims that, although the first COVID-19 vaccines are now being distributed, masks remain essential since it will likely be months before enough people are vaccinated. In addition, the threat of the global spread of the more-infectious variant of the virus is a possibility until the vaccine effectiveness is determined. Against this still uncertain backdrop, masks can help prevent as many infections and save as many lives as possible. However, although most masks offer some level of protection, many of them, including the most commonly used cloth and surgical masks, only partially filter out the small COVID-19-spreading particles. A recent study demonstrated that high-filtration masks such as N95 offer the best protection against these small particles. The authors of the article — two of whom spent months treating COVID-19 patients without getting infected, which they attribute to the N95 masks they wore — call for a national hi-fi mask initiative to widely distribute masks proven to provide more protection from virus particles, thus reducing the spread of the virus. In the article, they urge the new Biden administration to invoke the Defense Production Act to scale up the production of certified hi-fi masks immediately and speed up the development of new designs. Under this scenario, a set of masks would be mailed to each U.S. household every month. Although it may appear expensive, authors claim that this strategy, followed in some countries, will ultimately cost less than the pandemic’s toll on lives and the economy. As a trusted supplier of personal protective equipment, including hi-fi masks, United Medical Equipment is poised to capitalize on the growing wider recognition of the importance of this type of mask. Although COVID-19 vaccines are finally being rolled out, the global pandemic is not yet over, and United appears quick to adapt to market needs requiring ongoing access to personal protective equipment (“PPE”). The company offers a separate product line dedicated entirely to the needs of patients and health-care providers whose lives and work are impacted by the COVID-19 pandemic. That line includes a range of hi-fi masks as well as other products including testing kits, sanitizers, gloves, face shields, thermometers and hoods. Although shortages of PPE have eased somewhat compared to the start of the pandemic, many healthcare organizations are still concerned about maintaining their supply (https://ibn.fm/VK07P) as these products remain in high demand. As part of its efforts to provide essential PPE products during the pandemic, United Medical Equipment Business Solutions Network Inc. remains dedicated to serving this growing market need. For more information, visit the company’s website at www.UnitedMedSolutions.com. NOTE TO INVESTORS: The latest news and updates relating to United Medical Equipment are available in the company’s newsroom at https://ibn.fm/UnitedMed

Friendable Inc.’s (FDBL) Fan Pass ‘Pro Services’ to Assist Artists Build Their Brand Image

  • Mobile tech company Friendable recently announced its “Pro Services” offering to help artists build their brand online
  • Fan Pass’s Pro Services include website design, social media, merchandise collections, sets, and lighting designs for the artists
  • Pro Services is initially available to existing artists, the company plans to roll out for new artists soon
Friendable (OTC: FDBL) launched its latest offering, Pro Services, on its Fan Pass platform. The idea behind Pro Services is to assist upcoming artists to build their brand. The services of ‘Pro Services’ will focus on website creation, logo design, merchandise collection, sets, quality graphic designs, and other services to help artists promote themselves and attract a bigger fan base (https://ibn.fm/NzSt3). The service is currently available for the existing artists on the Fan Pass platform. The company plans to roll out Pro Services soon for new artists during their signup process. The Pro Services team creates custom designs for artists that complement their brand image and style. Fan Pass aims to provide additional support to budding artists to nurture their talent. “Our vision for Fan Pass has always been one of supporting both the artists and their fans, and now that we have a variety of artists, live channels, performances, and content it’s a natural fit to begin offering additional services that can only enhance each artist brand, as well as boost revenue opportunities on Fan Pass,” said Friendable CEO Robert A. Rositano Jr. in the press release. Rositano Jr. further added that Fan Pass is like a venture capital firm that promotes startups. They do not discriminate against artists based on their talent, ideas, or stage of career. Fan Pass provides a thriving environment for artists who want to grow and succeed, investing in themselves. Fan Pass connects fans to their favorite artists, offering them exclusive content channels that fans can access on their smartphones or other connected devices. Fan Pass is their premier brand that the company is promoting to engage users from across the globe. The Fan Pass Pro Services is the company’s response to support artists by promoting and assisting them. See Pro Services Link for Additional Information: http://proservices.fanpasslive.com About Friendable, Inc. Friendable Inc. (FDBL) is a mobile technology and marketing company focused on connecting and engaging users through its proprietary mobile and desktop applications. Friendable Inc. launched Fan Pass in 2020 as a revenue sourcing platform for artists looking for new avenues amidst the Covid-19 pandemic. The custom-designed Fan Pass app enables artists to connect with their fans and invite them for virtual streaming performances, events, and live chats. Revenue sources include monthly fan subscribers, tickets sold for streaming events, merchandise sales, and content views. Artists are updated about all the payouts, earnings, and content views on their dashboards (https://ibn.fm/jcWhf). For more information about Friendable or the Fan Pass platform, services, and offers, 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  

Mobius Interactive Ltd. Sees Growth in U.S. Sports Betting Industry

  • Sports betting industry growing nationwide; multiple states expected to legalize online sports betting by 2022
  • Las Vegas Sands Corp. is softening stance on online gambling
  • Mobius commited to making sure all players are GambleAware
Mobius Interactive, an online gaming operator that launched in September 2020, targets a variety of customer segments and geographies through its diverse brand offerings. As sports betting grows in the United States, Mobius sees opportunity. The company utilizes a loyalty and gamification program to increase customer engagement from the moment of signup, held in balance with its social responsibility toward players with the GambleAware initiative. Mobius’ reported in its February 2021 newsletter (https://ibn.fm/O871b) that the state of Tennessee took the top spot in sports betting with a combined $131.4 million wagered, generating $2.4 million in tax revenue in its first month. As states struggle to make budget, some are reconsidering this revenue stream. Currently, there are approximately a dozen states where online sports gambling is legal with the possibility of that number doubling by 2022 (https://ibn.fm/A0f21). Online poker legalization has not progressed in the U.S. with the same speed as sports betting, slowed in part by CEO of Las Vegas Sands Corp. Sheldon Adelson’s fierce lobbying against online gambling (https://ibn.fm/l46eE). Adelson stated he was willing to spend any amount to stop internet gambling. He saw it as his moral obligation and considered online gambling “suicidal” for the U.S. casino industry. However, with his recent passing, there is talk that Las Vegas Sands Corp is ready to enter the U.S. online sports betting arena (https://ibn.fm/X7FLV). This move could be the beginning of a new era for the nation in online betting for both sports and casinos. Mobius takes its social responsibility towards players seriously by ensuring that players are GambleAware (https://ibn.fm/ic9l8). One of Adelson’s biggest oppositions to the online betting industry was the increase in gambling addiction. Mobius is adamant that gambling should be treated as a fun pastime and not a way to generate income. For players who have a problem and need help, Mobius offers a self-exclusion facility that locks the account for a minimum of one week and requires a written request before re-opening can be considered. The company acknowledges that while most of the population is capable of treating gambling as recreation, it is more difficult for some. Mobius provides players with access to more than 34 eSports games and mega tournaments. Available around the clock, the platform has a wide range of functionalities, mystery jackpots, cutting-edge technology, and live and prematch odds. The company has partnered with UltraPlay, a globally recognized, award-winning, unrivaled eSports odds and platform supplier. The esSports industry is booming, and Mobius is ideally positioned to see the greatest benefit from the boom. For more information, visit the company’s website at www.MobiusInteractive.Ltd. NOTE TO INVESTORS: The latest news and updates relating to Mobius are available in the company’s newsroom at http://ibn.fm/Mobius

CBD Market Steadiness Buoys HempFusion Wellness Inc. (TSX: CBD.U) (OTC: CBDHF) Hopes as TSX Launch Completed

  • Health and wellness company HempFusion Wellness, Inc. launched its IPO Jan. 6 with the ticker CBD.U, and also trades in the US under the symbol CBDHF
  • The company distributes its brands HempFusion, Probulin Probiotics, Biome Research and HF Labs to 4,000 retailers in every state as well as select international locales, and is strategically planning for expansion
  • Despite the economic battering some industries have experienced as a result of the global pandemic, hemp and CBD continue to see consumer use trends holding stable with forecasts for new market growth in coming years
  • HempFusion is focused on regulatory compliance with industry safety and quality standards, and is also a lead sponsor and participant in CBD liver-impact study
  • HempFusion has been included in two leading cannabis & hemp-derived CBD focused exchange- ETFs, AdvisorShares Pure US Cannabis ETF (NYSE: MSOS) and AdvisorShares Pure Cannabis ETF (NYSE: YOLO)
On Jan. 6, HempFusion Wellness (TSX: CBD.U) (OTC: CBDHF) launched an IPO and listing of its common shares and certain other securities on Canada’s TSX exchange, making the company the first U.S.-based cannabidiol (“CBD”) product manufacturer to list on the TSX as it snared the ticker CBD.U (https://ibn.fm/TxxBW). Subsequently the company received its US symbol: CBDHF. Amid the spread of pandemic conditions worldwide, hemp farmers found their robust expectations of a “green rush” following legalization efforts in the United States to be in a cooling trend, largely because of an oversupplied market as the agricultural industry sorts out its balance point in an emerging product phase (https://ibn.fm/3B9WG). Even so, surveys have found that hemp and CBD use trends are continuing on point, possibly as a result of individuals’ efforts to manage stresses related to the health crisis, its economic fallout, and contentious politically motivated parties circling the field (https://ibn.fm/4etQU). The steadiness of the hemp consumer trends and the potential for a new rush rebound once pandemic-spawned social restrictions subside are good news for companies like Denver-based HempFusion Wellness, which incorporated in late 2015 and has seen its sails fill over the past four years as strategic acquisition and relentless retail channel penetration have driven its revenues upward. The pandemic has forced consumers to rely more heavily than ever on e-commerce and Internet-based video communication platforms to conduct business and manage personnel remotely, which in turn has created ample opportunity for young companies to compete so long as they can manage the challenges of production pace while they attempt to scale up. HempFusion’s CBD and probiotic products include a family of brands such as HempFusion, Probulin Probiotics, Biome Research and HF Labs, that are distributed to approximately 4,000 retailers in every state as well as select international locales. The company is strategically planning its expansion to potentially add a variety of product offerings including CBD-based beverages, edibles, pet products and more. Grandview Research analysts anticipate that CBD-based pet products will see a CAGR of 40.3 percent between 2020 and 2027 (https://ibn.fm/E9yvl), while Data Bridge Market Research predicts CBD edibles will grow at a CAGR of 24.30 percent during the same period (https://ibn.fm/9CWzK). The CBD-based beverage market, still in its infancy, grew 168 percent YOY between December 2018 and 2019, according to BDS Analytics (https://ibn.fm/ZpHru) and Grandview Research notes the sector is expected to grow at a CAGR of 17.8 percent through 2025. Among the condition-specific OTC product markets where HempFusion is now operating, pain products are projected to see a CAGR of 7.4 percent between 2018 and 2025, eczema products are predicted to increase to $13.6 billion by 2026, the acne and beauty product sector is already estimated at $1.08 trillion and the first aid products segment was generating over $650 million in sales as of last year’s report (https://ibn.fm/Ouvkb). “Completion of (the) … initial public offering will accelerate our ability to scale HempFusion’s operations both domestically and internationally, drive accelerated growth within all our distribution channels, and significantly expand our marketing initiatives,” CEO Dr. Jason Mitchell stated recently (https://ibn.fm/Er4wO). For more information, visit the company’s website at www.HempFusion.com/Corporate-Information and contact the team at ir@hempfusion.com. NOTE TO INVESTORS: The latest news and updates relating to HempFusion are available in the company’s newsroom at https://ibn.fm/HempFusion

Momo Inc. (NASDAQ: MOMO): Making a Mark in Mobile Connectivity

  • Momo Inc. a major player in social and entertainment in China – growing globally
  • Nearly $550 Billion in Q3 2020 total revenues
  • Social & Dating app Tantan $107 Billion in Q3 2020
  • Company announced $300 Million share buy back

Momo Inc. (NASDAQ: MOMO) is a leading diversified player in China’s burgeoning online social and entertainment space. Formed in 2011, MOMO was listed on the Nasdaq Stock Exchange in 2014 with a vision to leverage the mobile internet to connect people in unique ways. The company generates multi-billions of revenues through various channels such as live video services, value-added services, virtual gifts, and membership subscriptions, mobile marketing, mobile games, as well as Tantan, a unique mobile social dating platform.

The company announced approximately RMB3,766.7 million (US $554.8 million) total revenues for the third quarter of 2020 with Monthly Active Users on Momo applications at 113.6 million in September 2020 (https://ibn.fm/ixNQP).

Momo’s mobile applications connect people and promote interactions based on location, interests and a variety of recreational activities including live talent shows, short videos, social games as well as other video- and audio-based interactive experiences, such as live chats and mobile karaoke experience. Through Tantan and other properties within Momo’s product portfolio, the company enable users to discover new relationships, expand social connections and build meaningful interactions.

Tantan, which Momo acquired 100% in 2018, is a leading social and dating application for the younger generation. Tantan is designed to help its users find and establish romantic connections as well as meet interesting people. The application is based on geolocation that offers matched up profiles with live group chats using text, voice and video, enabling users to find their perfect match and meet them in real life.

The Tantan app originated in mainland China and has since been used by millions of singles worldwide. Tantan incorporates popular liking through swiping function and a lot of other features such as quizzes, games, and video sharing. It is like having different dating apps’ features compacted into a single app. Tantan lets users browse through swiping – plus play games, add albums, and upload updates on the app. It has more free “swipes” than other dating apps and chatting is more fun with the getting-to-know-you games. Well over 100 million men and women are logged in to Tantan, chatting, making new friends, and finding their perfect match. Not surprising that in the third quarter of 2020, net revenues from Tantan segment increased from RMB310.0 million in the third quarter of 2019 to RMB728.9 million (US$107.4 million).

It’s always a good sign when a company believes enough in itself that it buys back its own shares in the open market. Of import, Momo’s board of directors authorized a share repurchase program under which the company may repurchase up to US$300 million of its shares over the next 12 months (https://ibn.fm/KLjM1). As of November 30, 2020, the company had repurchased approximately 1.66 million ADSs for approximately US$23.3 million.

With the rapid growth at Tantan and a share repurchase in place, Momo Inc. is certainly one to put on the radar.

For more information, visit the company’s website at www.immomo.com.

Brain Scientific Inc. (BRSF) Offers Possible Solution for Detecting and Studying Parkinson’s

  • Parkinsons is diagnosed through skilled observation of specialized neurologists
  • Neurologist shortage could turn into public emergency
  • EEGs may hold the key to clearer diagnosis of Parkinson’s
Every year an estimated 60,000 people in the United States are diagnosed with Parkinson’s disease (PD) (https://ibn.fm/ca0nb). Symptoms develop slowly, often spanning years, and vary from person to person. For a long time, PD has been diagnosed through the skilled observation of a neurologist, but recent studies suggest the EEG to be a promising diagnostic tool (https://ibn.fm/zCRAz). Brain Scientific (OTCQB: BRSF) is on a mission of modernizing brain diagnostics through cutting-edge technologies, which could have significant benefits for those experiencing and those not yet diagnosed with PD. With two FDA-cleared products — NeuroCap(TM) and NeuroEEG(TM) — BRSF is disrupting the EEG market by offering cost-effective, disposable solutions that have the ability to bridge the gap in access to neurological testing. In diagnosing PD, a movement disorder specialist, a neurologist specializing in PD, observes tasks performed by the patient to make a diagnosis. There is currently no exact method of diagnosis but rather a series of tests and tasks that occur over a period of time that lead to an educated conclusion (https://ibn.fm/5aUJM). There is an increase in need and a decrease in the number of those studying to become a neurologist, an estimated 19% shortage by 2025 (https://ibn.fm/to2MD). Access to care and availability of these much-needed appointments is decreasing. Take into account that a PD diagnosis is best made by a movement disorder specialist, and the gap increases even further. “You have very long wait times to see a neurologist, especially for chronic diseases like dementia, and you have huge shortages of specialists to treat people with stroke,” says Dr. Lee Schwamm, a Harvard Medical School neurology professor. Schwamm says the shortfall could turn into a public emergency if society doesn’t act soon. “We need to build capacity now, because it takes 10 years to train a neurologist,” he notes. The good news is that studies have found that EEGs may hold the key to a clearer diagnosis. According to a study published in eNeuro, the waveform shape that is detected with an EEG might be a biomarker for PD pathophysiology (https://ibn.fm/aRfro). A difference was found in PD patients who were on medication and those who were not. This provides the opportunity to diagnose PD and monitor the changes in the brain throughout the course of the disease, giving scientists more insight into how PD progresses. The challenge becomes making sure that those with symptoms have access to an EEG and a skilled neurologist for analysis. That’s where Brain Scientific’s FDA-cleared NeuroCap comes into play. The NeuroCap has clear advantages to its bulkier EEG counterpart. The bulkier version requires a skilled specialist to administer, comes with metal disks and wires, requires constant cleaning and sterilization, and takes up to 30 minutes to administer, not including prep or cleaning time. With the NeuroCap, any clinical personnel can apply the disposable headset in five minutes or less. This allows for EEGs to be administered in a almost any location, including the patient’s home or nursing homes, assisted living facilities or clinics. In addition, because the cap is disposable, there is no need to sanitize after each use; the device is also compatible with conventional EEG amplifiers. The data can be reviewed and evaluated through third-party software, reducing the need for a neurologist to be on site. Brain Scientific is making significant strides in its mission to bridge the widening gap in neurological care. PD diagnosis is only one of many neurological issues that the company is tackling. BRSF is working on algorithms to detect neurological disorders, including epilepsy, dementia and pre-Alzheimer’s diagnosis. For more information, visit the company’s website at www.BrainScientific.com. NOTE TO INVESTORS: The latest news and updates relating to BRSF are available in the company’s newsroom at https://ibn.fm/BRSF

Grapefruit USA Inc. (GPFT) Is ‘One to Watch’

  • Grapefruit USA Inc. holds licensing for manufacturing and distribution in California, issued in 2018; the company is positioned as a premier distributor and manufacturer in the state, with a focus on procuring, manufacturing and distributing the highest-quality materials
  • With cannabis legalization gaining momentum worldwide, Grapefruit is currently uniquely situated to disrupt the market through its novel and proprietary products and services
  • The global cannabis market is expected to grow to $97.35 billion by 2026, expanding at a CAGR of 32.92%
  • The company provides a wealth of cannabis flower and cannabis products to licensed businesses, along with various services including distribution, manufacturing, toll processing, sourcing and more
  • The company has effectively used science and technology to create patented, truly disruptive products for the recreational and medicinal marketplace
  • Grapefruit’s patented Hourglass(TM) topical delivery cream has solved the previously insurmountable difficulties of efficient skin absorption of THC and other cannabinoids
  • Hourglass(TM) is manufactured exclusively at Grapefruit’s Coachillin facility by highly trained Grapefruit personnel and is available to the public only through Grapefruit authorized retailers; there is simply no other way possible for the public to obtain the benefits of the disruptive Hourglass experience
  • Hourglass(TM) is a time-released topical cream that is available in full-spectrum and hemp-derived patented formulas
  • The Hourglass(TM) topical delivery system features the Patchless Patch(TM) technology, providing a time-released full-spectrum entourage effect or a pure CBD experience
  • Grapefruit will distribute the hemp-derived version of its Hourglass(TM) Topical Delivery Cream on a nationwide basis
Grapefruit USA (OTCQB: GPFT) is a Delaware corporation that is a fully licensed premier cannabis manufacturer and distributor in the legal cannabis marketplace with its own patented and branded line of products. The company manufactures its patented product line and distributes it, along with other cannabis products, to all properly licensed cannabis product businesses. Grapefruit is the only cannabis company that has harnessed cutting edge science and technology to bring patented, truly disruptive products to the medicinal and recreational cannabis marketplace, fundamentally changing the way individuals use THC, CBDs and hemp-derived CBDs and capitalizing on the rise in demand for these unique products. Headquartered in Los Angeles, California, the company has held licensing in the state for manufacturing and distributing cannabis since 2018. Grapefruit currently owns and operates a California-licensed cannabis extraction laboratory and a licensed wholesale distribution facility in the Coachillin’ Canna-Business Park near Palm Springs, California. Grapefruit is managed by a team of experts who possess the experience, skills and resources required to succeed in the competitive cannabis marketplace. Hourglass(TM) Topical Delivery Cream Grapefruit’s patented Hourglass(TM) topical delivery cream has solved the previously insurmountable difficulties of efficient skin absorption of THC and other cannabinoids. Hourglass(TM) allows users to experience a sustained and holistic delivery of THC/cannabinoids providing “the entourage effect” following initial application to the skin. Additional applications may be made confidently and discreetly at the user’s discretion. There simply is no other product on the planet which successfully utilizes a patented time release THC and CBD delivery mechanism to deliver the holistic benefits of cannabis to those who need it.* Hourglass(TM) is a unique, highly concentrated full spectrum time-release topical delivery cream that releases a holistic amount of THC, along with a wide range of cannabinoids (or just CBD), over a four- to eight-hour period.* The formula then comes off through the natural sloughing process of dead skin cells. Hourglass provides many holistic benefits, all of which promote health and wellness as it’s number one goal. Hourglass(TM) provides users with an entourage effect of THC plus a wide range of cannabinoids, including CBD, Cannabinol (“CBN”), Cannabigerol (“CBG”), Delta-8, Tetrahydrocannabivarin (“THCV”), and Cannabielsoin (“CBE”) in a Patchless Patch(TM) system that is novel and proprietary to the company. Hourglass(TM) Topical Delivery Cream has fundamentally changed the way individuals use THC and cannabinoids to obtain their holistic benefits.* As a result, smoking cannabis or hemp flowers and orally consuming edibles, which are metabolized in the gut and liver resulting in uneven reactions, are no longer the exclusive ways to receive both the medicinal and recreational benefits of THC/cannabinoids.* Now for the first time in history, there is an effective, easy to use third choice – Hourglass(TM) by Grapefruit. *This product is not regulated by the FDA and is not intended to cure, mitigate, treat or prevent disease. Grapefruit Cannabis Services Grapefruit distributes cannabis flower and cannabis products, including its own proprietary products, as well as a wide range of services, to other properly licensed cannabis product businesses. These products and services include:
  • Distribution – As a premier licensed distributor, Grapefruit handles the distribution of all-things cannabis throughout California, specializing in bulk AAA exotic indoor flowers sourced from farms located in the state. The wholesale distribution arm facilitates flowers, fresh and dry frozen, and oil transactions in bulk wholesale form. Its wholesale distribution arm distributes its patented Hourglass(TM) topical delivery cream.
  • Manufacturing – The company owns and operates a fully licensed and compliant ethanol extraction lab that produces a high-quality distillate. This THC Honey Oil distillate is a universal product used in everything, including infused edibles, tinctures, creams and even vape cartridges. Its patented Hourglass(TM) cream is also manufactured exclusively at Grapefruit’s Coachillin lab facility by highly trained Grapefruit personnel.
  • Hourglass(TM) Topical THC+CBD Delivery Cream – The company’s patented Hourglass(TM) Topical Delivery Cream has solved the inherent difficulties of efficient skin absorption of THC and cannabinoids such as CBD, CBN, CBG and CBC, as well as hemp-derived CBDs and cannabinoids. Hourglass(TM) is a truly novel and disruptive delivery technology which fundamentally changes the way individuals will use THC and CBD to obtain their holistic benefits.*
  • Rainbow Dreams – Rainbow Dreams is the company’s lifestyle brand designed for the recreational cannabis marketplace. The brand captures the party-mode of the 1970s and offers vape carts with unique cannabis strains and natural flavors. The product fulfills an important marketplace niche – a top-shelf product that is competitively priced.
Market Outlook The global cannabis market was valued at $10.6 billion in 2018. During the forecast period from 2019 to 2026, the market is expected to grow at a CAGR of 32.92%, reaching a projected value of $97.35 billion by the end of 2026 (https://ibn.fm/Fn3o4). Cannabis legalization has been gaining momentum around the world. Grapefruit is currently in a position to disrupt the industry – both the medicinal and recreational sectors – with proprietary products and manufacturing processes that harness the power of cutting-edge science and technology. Management Team Bradley J. Yourist is the Chief Executive Officer of Grapefruit. Mr. Yourist has been a follower of the medical cannabis market since the late 1990s, which allows him to understand the distribution model and the legal issues facing the market. He has also seen the benefit of cannabinoids in the medical industry. He understands the planning and operations of Grapefruit’s cannabis distribution arm and extraction lab and was instrumental in the planning for the facility. Daniel J. Yourist is the Chief Operating Officer of Grapefruit. He is a licensed attorney in the state of California and a Real Estate Broker. Mr. Yourist is a licensing expert in the cannabis space and has gained extensive experience in all areas of managing a cannabis business in California. He ensures that every aspect of the company is run in accordance with state and local cannabis laws and regulations. For more information, visit the company’s website at www.GrapefruitBlvd.com. NOTE TO INVESTORS: The latest news and updates relating to GPFT are available in the company’s newsroom at https://ibn.fm/GPFT

Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Updates Investors Following Completion of Special Warrants Private Placement

  • Pure Extracts recently updated investors on successful completion of second tranche of its special warrants private placement
  • In aggregate, Company will raise gross proceeds of $8.5 million through both tranches of private placement
  • Pure Extracts will employ net proceeds from private placement towards capacity expansion for Company’s extraction business, and for general working capital purposes
  • Company previously revealed that it was conducting study looking into formulation, manufacturing of psilocybin-based active treatments

Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company focused on the cannabis, hemp, and functional mushroom sectors, has recently updated investors following the successful completion of the second tranche of their non-brokered private placement offering of special warrants (https://ibn.fm/11Izm). Following the close of the second tranche, which resulted in Pure Extracts issuing an aggregate 10,839,230 special warrants for gross proceeds of $5,473,811.14, the company will have raised a total of $8,534,632.81 from its private placement.

The special warrants each comprised of one common share and one-half of a purchase warrant (with each warrant entitling the holder to acquire one common share at an exercise price of $0.65 per share for a period of 24 months following the deemed exercise date). The transaction is set to be completed upon the earlier of either a release of the final prospectus for the private placement or four months and a day from the closing date of the private placement, which is set to fall on May 21, 2021. All securities issued through the private placement will be subject to a four-month lock-up, expiring on May 21, 2021.

Pure Extracts will also pay finder’s fees of $139,501.41 cash and 395,817 finder’s warrants (with each finder’s warrant entitling the holder to purchase one common share of the Company at an exercise price of $0.65 per share, until January 20, 2023) as part of the private placement.

Pure Extracts has revealed that it is set to use the net proceeds from the private placement primarily for expansion of capacity for the Company’s extraction business and for general working capital purposes. The Company previously announced that it had recently embarked on a study looking into the formulation and manufacturing of psilocybin-based active treatments, which is being carried out under the auspices of the Toronto Institute of Pharmaceutical Technology.

In conjunction with the study, Pure Extracts recently revealed that the Company had begun construction on a fourth unit within its 10,000 square foot purpose-built facility, to be designated for its research and development into psilocybin and functional mushrooms as a whole (https://ibn.fm/Weggs).

The proceeds raised from the private placement will place Pure Extracts in a well-capitalized position to adequately finance the Company’s ongoing research into the functional and psychedelic mushrooms space while simultaneously building upon its ongoing extraction tolling business – a process through which the Company converts cannabis and hemp biomass into THC and CBD oil for both third parties and for its own-branded products.

For more information, visit the company’s website at www.PureExtractsCorp.com.

NOTE TO INVESTORS: The latest news and updates relating to PULL are available in the company’s newsroom at https://ibn.fm/PULL

PacRoots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) Set to Thrive as Peers Face Pain of Excess Supply

  • PacRoots Cannabis recently updated investors following its first successful hemp harvest, which resulted in 105,000 lbs. of biomass of higher-than-expected quality
  • Canadian cannabis market is currently awash in oversupply, with some estimates placing inventory stockpile at close to 3 years’ worth of demand
  • Industry participants have pointed at low-quality grades as prime cause for the oversupply
  • PacRoots has taken strides to improve quality of its plants, most notably through collaboration with Phenome One Corp
  • PacRoots processes, sells entirety of recent harvest to the Speakeasy Cannabis Club
PacRoots Cannabis (CSE: PACR) (OTCQB: PACRF), an up-and-coming cannabis company based out of Canada, has earned a well-established reputation for producing premium quality strains and products through the use of a meticulous, genetics-focused harvest approach. Following the award of an industrial hemp license by Health Canada in May 2020, PacRoots Cannabis embarked on a joint-venture with Rock Creek Farms to plant over 130,000 premium hemp CBD plants on 100 acres of prime arable land in British Columbia (https://ibn.fm/uNUYJ). The venture has been a notable success thus far, with the company recently revealing that the initial harvest had resulted in a biomass yield of over 105 thousand pounds—the quality of which far exceeded expectations. PacRoots’ success may soon be the industry exception rather than the rule. The Canadian cannabis market is increasingly awash with an excess supply of low-grade cannabis; Health Canada recently released industry-wide cannabis data for October 2020, which revealed that approximately 1.1 million kilograms of cannabis was being stockpiled by producers nationwide. According to industry thinktank Cannabis Benchmarks, the excess inventory—when taking into account that Canada’s monthly consumption rate—came to about 30,000 kilograms, effectively meaning that three years’ worth of supply was currently laying idle (https://ibn.fm/3FcCc). One key factor leading to the oversupply of cannabis may be the inferior quality of the product currently available. The recent harvest of outdoor cannabis pumped an additional 220,461 kilograms of legal marijuana into the market, which has led some cannabis retailers to re-evaluate their existing inventory. Tyler Robson, CEO of cannabis product manufacturer The Valens Co, said in an interview that the company was looking to scrap its inferior grade product now that it had better options for higher-quality material. “Commoditization is happening quicker than people expected,” he said. “I think this is at the inflection point of this space. And we wanted to get in front of it, prior to everybody else.” PacRoots has actively sought to improve the quality of its cannabis product, most recently through a strategic licensing agreement with Phenome One Corp. The agreement has granted PacRoots with access to one of Canada’s largest live, genetic cannabis libraries with lab and field-tested, selectively bred seedlings. The company has utilized these seedlings to grow, breed and clone its own unique brands. The tie-up in turn has allowed Pac Roots to offer customers a remarkable portfolio of over 350 meticulously-designed cultivars, ranging from CBD-dominant plants with rare terpene profiles to plants with over 30% THC-content as well as West Coast outdoor, botrytis-resistant cultivars. As a result, despite the current oversupply in the market, PacRoots Cannabis was able to process and sell its entire harvest to the Speakeasy Cannabis Club.  Furthermore, PacRoots also seized the opportunity to elaborate on its low-cost production capabilities, which the company believes will provide a decisive and sustainable competitive advantage relative to its peers while continuing to maintain healthy profit margins. The potent mix of a high-quality product and inexpensive production costs promise to place PacRoots Cannabis Corp in a decidedly advantageous position to benefit from the sector’s ongoing woes. For more information, visit the company’s website at www.PacRoots.ca. NOTE TO INVESTORS: The latest news and updates relating to PACR are available in the company’s newsroom at http://ibn.fm/PACR

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