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GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF) is “One to Watch”

  • GoldHaven Resources Corp. recently announced its entry into agreements to acquire seven advanced gold projects in Chile
  • On April 17, 2020, GoldHaven Resources entered an agreement to purchase a 100% interest in two gold projects located in the Maricunga Gold Belt of Northern Chile
  • On August 11, 2020, GoldHaven Resources acquired five additional potential gold projects in the Maricunga Gold Belt
  • In conjunction with its August announcement, GoldHaven Resources detailed plans for a non-brokered private placement that is expected to generate gross proceeds of $4,025,000
  • Gold prices have been on a remarkable run in 2020, breaking above $2,000 per ounce for the first time on record

GoldHaven Resources (CSE: GOH) (OTCQB: ATUMF) (formerly Altum Resources Corp.), a Canada-based company engaged in the business of acquiring and exploring mineral resource properties, recently announced its entry into agreements to acquire seven advanced gold projects in the Maricunga Gold Belt of Chile that hosts over 100 million ounces of gold within the last 10 years.

Chilean Gold Properties Being Acquired

On April 17, 2020, GoldHaven Resources entered into an agreement to purchase a 100% interest in two gold projects located in the Maricunga Gold Belt of Northern Chile. The first property, Rio Loa, is located 25 kilometers south of Gold Fields Ltd.’s Salares Norte, where, this year, a five-million-ounce discovery was made. The second property, Coya, is located only 10 kilometers east of the Kinross La Coipa open pit mine, which has produced over 7.5 million ounces of gold to date.

Rio Loa Project

Initial geophysical studies of the Rio Loa site have exposed highly anomalous ardennite and lead values, a key characteristic of gold mineralization within silicified resistive bodies. The studies have also produced initial findings which are similar to those seen at contiguous mines, such as Salares Norte (operated by Gold Fields), which has over five million ounces in estimated gold deposits.

The potential economics for the site look particularly promising when taking the unit costs at the neighboring Salares Norte mine into account. Gold Fields has estimated that its production AISC (all-in sustainable costs) will approximate $552 per ounce and have forecast a 2.3-year payback period for its initial investment, assuming a $1,300 per ounce gold price.

Coya Project

The Coya site is located within close proximity to one of the richest and largest epithermal gold and silver districts in Chile and is in close proximity to active mining sites, specifically the La Coipa mine owned by Kinross. A study carried out in 2017-2018 on the Coya site of 796 rock chip samples found favorable gold and silver values, in some cases ranking as high as 764 grams/tonne of gold and 719 grams/tonne of silver – values which are near certain indicators of potential gold and silver deposits. The La Coipa mine (Kinross) has produced over 6.9 million ounces of gold to date.

On August 11, 2020, GoldHaven Resources acquired five potential gold projects in the Maricunga Gold Belt of Northern Chile. The Maricunga hosts discoveries within the last 10 years of over 100 million ounces of gold and over 450 million ounces of silver. These newly acquired properties are in close proximity to seven other mines, which possess an estimated aggregate of 81 million ounces of gold in total reserves.

GoldHaven’s five new projects cover a total area of approximately 22,600 hectares, or 226 square kilometers, located in the northern portion of the Maricunga Belt in proximity to the 5 million-ounce gold equivalent Salares Norte project owned by Gold Fields. Gold Fields announced in April 2020 its intention to proceed with the development of Salares Norte at a cost of $860 million, with a $138 million expenditure budgeted for 2020.

The Maricunga Belt extends approximately 150 kilometers north-south and 30 kilometers east-west, straddling the border between Chile and Argentina. This region hosts known mineral resources of more than 100 million ounces of gold, 450 million ounces of silver and 1.3 billion pounds of copper.

The Maricunga project’s opportunity came about as a result of a $150 million initiative launched by the Chilean Economic Development Agency (“CORFO”), with the objective of encouraging exploration and mining prosperity in Chile and strengthening Chile’s position as a world leader in the sector.

As part of CORFO’s program, a total of $15.3 million was given to private equity fund IMT Exploration to evaluate 403 projects, beginning in 2011. This led to a generative program carried out from 2016 to 2019, resulting in 126 potential epithermal targets from which 57 field evaluations were made. Due diligence work followed on 19 of these. Work programs were then conducted, including geological mapping, rock and soil sampling and TerraSpec (“PIMA”) analyses on geochemical grids for alteration mapping, and, as a result, the five high-priority Maricunga projects were identified. No drilling has been carried out on any of the Maricunga projects.

Securing Financing for Upcoming Operations

In conjunction with its announcement regarding its acquisition of five Chilean mining interests, GoldHaven Resources also detailed plans for a non-brokered private placement of 11.5 million units at a price of $0.35 per unit, for gross proceeds of $4,025,000. Each unit will consist of one share of the company and one warrant, the latter of which can be exercised to acquire an additional share of the company for a period of 18 months from the date of issuance at a price of $0.50 per share. Net proceeds from the offering are intended to be used to fund general expenses, as well as exploration and drilling of its mineral properties.

Gold Prices Hit Record High in 2020

Gold prices have been on a remarkable run in 2020, breaking above $2,000 per ounce for the first time on record. Having begun the year at $1,515 per ounce, the precious metal has seen a huge surge on the back of widespread economic uncertainty stemming from governments’ worldwide propensity to expand the money supply, from the reduction of the value of the U.S. dollar as expressed by the decrease in the U.S. dollar index, and from the very real economic effects of the COVID-19 pandemic.

Global central banks have carried out 144 interest rate cuts thus far in 2020, reducing rates by a cumulative 5,035 basis points (http://ibn.fm/pDhUb). Meanwhile, the IMF has estimated that global governments have introduced fiscal support measures amounting to over $9 trillion since the start of the pandemic (http://ibn.fm/ZJrY0). The resulting weakness in the U.S. dollar and eventual inflationary pressures stemming from these measures has prompted a number of investment banks to boost their near-term outlooks for gold prices, with Bank of America raising its 18-month gold price target to $3,000 per ounce (http://ibn.fm/NS3ZB).

Leadership Team

David Smith, President, CEO and Director, has been immersed in the mining industry for the last eight years, working in corporate development and finance. Prior to GoldHaven Resources, Smith cofounded a multifaceted real estate development and sales company, which has now been in operation for over 35 years. He also cofounded two successful environment-focused companies listed on the Toronto Stock Exchange. Both companies were sold independently and returned a significant profit for shareholders.

Darryl Jones, Chief Financial Officer, is a finance executive and CPA with over 30 years of public company and project buildout experience. Most recently, Jones served as the CFO of Lupaka Gold Corp., retiring in June 2018. Prior to that, Jones serves as CFO of Corriente Resources, which was sold to CRCC-Tongguan in May 2010 for C$680 million.

Patrick Burns, VP Exploration and Director, is a Canadian geologist with over 40 years of experience throughout the Caribbean and Central and South America. He played a direct role in the discovery of the Escondida porphyry copper deposit in Chile and has been involved in publicly traded mining companies, predominantly in Chile, for 35 years.

Marla Ritchie, Corporate Secretary, brings over 25 years of experience in public markets to the GoldHaven team. Throughout this time, she has worked as an administrator and corporate secretary specializing in resource-based exploration companies. Currently, Ritchie is the corporate secretary for several companies, including International Tower Hill Mines Ltd. and Trevali Mining Corp.

Gordon Ellis, Director; has over 50 years’ experience in mining and resource development. A professional engineer and entrepreneur, he has held multiple senior management and director roles with public mining companies, as well as a multi-billion-dollar ETF fund. Ellis holds an MBA in international finance and a Chartered Directors designation.

Scott Dunbar, Director is a professor and head of multiple departments at the University of British Columbia, including mineral extraction and mining innovation, as well as mining engineering. He has been involved in projects around the world in regard to mining exploration, geotechnical engineering and mine design. Dunbar received his PhD in geophysics and civil engineering from Stanford University.

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

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

Mobius Interactive Ltd. Unveils Brand Offerings, Differentiating Factors Prior to Official Launch Date

  • Powerful new gaming operator offers three diverse brands: Aragon Casino, Club Double, and MobiusBet
  • Mobius has partnered with more than 600 VIP and master gaming affiliates
  • Company’s mission includes providing players with a superior iGaming experience

Mobius Interactive, an online gaming operator with a variety of unique offerings catering to diverse demographic groups, is gearing up for an official launch in early September. In preparation for that milestone moment, the company has released key information about its three distinct brand offerings and a glimpse at what sets the company apart in what is forecast to be a billion-dollar industry in 2021.

Intent on attracting a variety of customer segment and geographies, Mobius has strategically unveiled three diverse brands: Aragon Casino, Club Double and MobiusBet.

  • Aragon Casino: Catering to consumers aged 21 to 45 located in Austria, Finland, the Balkans, Canada, Africa and New Zealand, Aragon Casino offers gamers a medieval fantasy experience, with elements hearkening to some of the spaces most memorable offerings, including of The Walking Dead and Game of Thrones.
  • Club Double: Targeting the 30-to-65 age demographic living in Austria, India, Brazil, Finland, Canada, Africa and New Zealand, Club Double is designed to exude a classic yet charmed old Hollywood and vintage Miami and Las Vegas look and feel.
  • MobiusBet: Aimed at 18- to 38-year-olds in Germany, Austria, Switzerland, Brazil, Latin America, New Zealand and India, the company’s dedicated eSports hub brings together loyalty programs, targeted gamification and product merchandising in one seamless package. MobiusBet caters to the quickly growing eSports segment, which is predicted to reach a value of $1.7 billion by next year.

After decades of working and consulting in the iGaming industry, Mobius Interactive’s expert executive team came together to create a gaming company unlike any other. The company has partnered with more than 600 VIP and master gaming affiliates, who will introduce high-value players to the company’s award-winning iGaming platform. As a clear indication of the company’s drawing power, Mobius added some 150 proven affiliates in Europe, Brazil, Finland and New Zealand in just 20 days; the expectation is that number will only grow exponentially in the days before the company’s upcoming launch.

With a declared mission to offer players a unique iGaming experience, Mobius is committed to providing a superior gamification experience, deep loyalty and the best customer service throughout the player journey. “We are gamers at heart,” the company’s website states. “We love everything about gaming. Be it free to play games and quizzes, esports, betting on sports, casino, virtual horseracing or golf—we play it!” Mobius Interactive certainly appears set to launch in grand fashion in September and looks to have the brands, services and offering to set the space on fire.

Mobius Interactive is an online gaming operator launching in September 2020 with a variety of unique offerings catering to diverse demographic groups. Mobius Interactive’s team has extensive senior-management experience across business-to-consumer (“B2C”) and business-to-business (“B2B”) marketing in the iGaming industry, specializing in eSports, sports betting, casino and live casino. In partnership with leading and award-winning eSports and iGaming platform Ultra Play, Mobius Interactive seeks to attract a network of high-net-worth gamers from around the world through the use of loyalty and gamification programs designed to enhance engagement by leveraging state-of-the-art customer relationship management systems and joint ventures with more than 600 VIP and master-gaming affiliates.

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

SRAX Inc. (NASDAQ: SRAX) Data Analytics Investment Platform Doubled to Over 1 Million Investors and Traders

  • SRAX’s Sequire platform connects public companies with investors using big data analytics
  • Sequire’s user base has grown to 91 public companies, one million active investors and traders
  • Sequire sales exceeded $2.5 million in Q2 2020, $4 million expected for Q3 2020
  • SRAX entered into $13 million definitive securities purchase agreement to fund Sequire’s rapid expansion
It’s no longer a trade secret: Big data analytics are critical for success across almost every industry and particularly important for consumer-focused businesses looking to dial in their marketing efforts. The investment industry is no exception, and Sequire, a data analytics platform powered by SRAX (NASDAQ: SRAX), gives public companies an edge by providing the tools needed to monitor the activities of both retail and institutional investors while providing the critical data needed to successfully activate media campaigns, engaging current shareholders and attracting new investment. Since its 2019 inception, SRAX has grown rapidly, recently passing a significant milestone where its user base exceeded over 1 million active investors and traders across 91 public companies – more than double the 500,000 users boasted by the platform in July (http://ibn.fm/4aq0Q). More users translates into better data: As the user base grows, the data provided to and processed by the platform translates into higher-quality intelligence that users can unlock via the platform’s tools and features. “We are creating a community of public company executives that are taking back their data. For too long these leaders have relied on subpar data to make important capital market decisions,” said SRAX founder and CEO Christopher Miglino (http://ibn.fm/GZOgL). “Our clients have seen notable results from Sequire and our marketing services, and the more companies that join in our mission, the better the platform gets at identifying and securing investors. The retail investor is becoming a bigger part of the cap table and we have mastered the connection between trading platforms such as Robinhood and the public issuer, just as these platforms attempt to become less transparent.” Along with its rapid user adoption, Sequire has seen massive success so far in 2020 with revenue growth of 29% YoY for Q2 2020, fueling the company’s decision to enter into a definitive securities purchase agreement for the purchase and sale of $13 million senior secured convertible debentures intended to fund Sequire’s rapid expansion (http://ibn.fm/mIMF1). “We announced a capital raise of $13 million, which we will use in part to fund the rapid expansion of Sequire,” noted Miglino in recent statements. “Our clients have seen notable results from the platform and its related services. We’ve also seen a significant increase in the number of clients on the platform with Q2 sales hitting over $2.5 million and an additional $3 million in the pipeline, with a very high probability of closing in Q3.” Along with Sequire, SRAX delivers a suite of specialized tools for other industries, delivering a digital competitive advantage for brands in the CPG, luxury goods and lifestyle verticals. As the business landscape becomes increasingly more competitive, SRAX gives businesses a much-needed advantage by providing data analytics solutions that reveal core consumers and their characteristics across various marketing channels. For more information, visit the company’s website at www.SRAX.com. NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://ibn.fm/SRAX

PacRoots Cannabis Corp. (CSE: PACR) Seeks to Blaze Path with Genetics-Based Approach Towards Cannabis Cultivation

  • PacRoots Cannabis employs genetic modification to customize cannabis strains in bid to enhance product potency, quality
  • Company has strategic licensing agreement with Phenome One, a bio-tech firm boasting a database of over 350 unique live cannabis strains
  • Partnership allows PacRoots ability to optimize genetic makeup of its cannabis crop based upon plant’s intended end use
  • Use of genetic modification can also help companies cultivate plants which are better suited towards overall yield enhancement, thereby boosting overall profit margins

In the late 1860s, Friar Gregor Mendel, an Augustinian monk and scientist living in a monastery in the depths of the Austrian empire, set about cross-breeding different species of garden pea plants – an experiment which would ultimately plant the seed for genetic modifications in modern agriculture. Over 150 years later, the cannabis industry is picking up from where Friar Mendel left off. PacRoots Cannabis (CSE: PACR), a Canada-based company, has sought to adopt a genetics-focused approach towards producing premium quality cannabis products—positioning itself to become a trailblazer in providing industry-leading strains not currently available in the regulated market.

PacRoots expects to be cash flow positive within its first year of trading following the sales from the 100-acre Hemp Project, in Rock Creek, BC. The company has embraced Phenome One’s growing IP, methods and systems; including systematic planting of young hardy plants in rows vs a seed spread, advanced weed suppression and a rigorous nutrient formulae and irrigation regime that will drive quality and yield (http://ibn.fm/OVwjG).

As part of the agreement, PacRoots Cannabis will gain access to Phenome One’s database of over 350 unique, live cannabis strains, which have been carefully field-tested and artificially selected over 30 years of research. Acquiring the ability to optimize the genetic makeup of its cannabis plants will enable PacRoots Cannabis to not only develop unique strains featuring a variety of beneficial characteristics but also enhance the potency, bud quality and overall yield of its plants.

“This is a major opportunity for PacRoots to be positioned to offer customers an extensive collection of cannabis cultivars,” said PacRoots CEO and President Patrick Elliot. “At PacRoots, we pride ourselves and our customers with quality and we are thrilled with the opportunity to partner with Phenome One, establishing a robust cultivar portfolio that compares favorably over others in the Canadian cannabis space” (http://ibn.fm/G7tJr).

The use of artificial selection and marker-assisted breeding has enabled cannabis cultivators to optimize the size, color, smell, density and texture of the resulting cannabis crop – thereby allowing for particular strains to be customized depending on their end-use. Whether it be proprietary high-THC strains, cannabidiol-dominant strains with rare terpene profiles, or custom strains finely tailored for medical purposes (http://ibn.fm/NzrCU), the ability to visualize, control and potentially modify the genetic structure of their marijuana plants allow cannabis companies to maximize the quality of their products. Moreover, the use of genetic modifications has allowed companies to boost the overall profitability of their businesses by enhancing plant yields – for instance, selecting genetic makeups which result in larger and more numerous buds on each plant can help PacRoots Cannabis ultimately grow more cannabis per grow light.

“You can get more yield off of a plant if you can refine the genetics and that allows us to have more grams, more kilograms coming out of this place per year,” explained Canopy Growth’s Vice President of communications Jordan Sinclair during a 2019 interview at the company’s Tweed Farms operations (http://ibn.fm/XZ90J).

With the use of cannabis-based products gaining increasing prominence and acceptance across wide swaths of society, the need to enhance and differentiate cannabis products through their genetic makeup is rapidly becoming a priority for cultivators in the sector.  Through its pioneering approach towards producing premium-grade cannabis strains, and following its tie-up with Phenome One, PacRoots Cannabis is well on its way towards creating a unique foothold for itself within the global cannabis industry.

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

Net Element Inc. (NASDAQ: NETE) Works to Enhance Shareholder Value, Adapts to COVID-19 Fallout

  • NETE releases Q2 2020 financial report
  • CEO notes impact of COVID-19 on financial results, points to continued efforts to increase shareholder value as merger approaches
  • Shareholder letter provides clarification on expected number of shares

Net Element (NASDAQ: NETE), a global financial technology and value-added solutions group, released its financial report for Q2 2020 (http://ibn.fm/d1h9G), the period ended June 30, 2020; NETE also provided more clarifying information about its pending merger with Mullen in an Aug. 19 shareholder letter (http://ibn.fm/W1ahe).

In its financial report, NETE noted that, during second quarter 2020, total transaction volume decreased to $717.9 million, as compared to $950.2 million for the same comparable period the year previous. In addition, net revenue decreased to $13.7 million, as compared to $16.5 million for Q2 2019. Operating expenses decreased to $2.2 million, as compared to $5.2 million for the same comparable period. Gross margin for the quarter decreased to $2.2 million compared to $2.6 million for Q2 2019.

“The COVID-19 pandemic continued to negatively impact our financial results during the second quarter of this year,” said Net Element CEO Oleg Firer. “Our ability to adapt quickly by implementing safety protocols to protect our employees has been successful so far, and we are happy to report we have had zero cases of COVID-19 among our employees. We also implemented cost-cutting initiatives while boosting support for our merchants through e-commerce solutions, contactless payment alternatives and online food ordering for restaurants. We continue working diligently to increase shareholder value as we continue to work toward the proposed merger with Mullen Technologies Inc.”

On August 5, 2020, Net Element announced the execution of a definitive agreement to merge with privately held Mullen Technologies Inc., a Southern California-based electric vehicle company, in a stock-for-stock reverse merger in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company (http://ibn.fm/zDnEP). The completion of the merger is subject to shareholder and NASDAQ approval, as well as other conditions referenced in the merger agreement.

Firer provided clarification regarding the upcoming merger in a recent shareholder letter. “Since announcing the contemplated merger, we have received a number of inquiries from shareholders requesting clarification regarding the expected number of shares that will be outstanding at closing if the pending merger with Mullen were to be approved,” the letter states. “The Merger Agreement provides for a cap of 75 million outstanding shares at the closing of the transaction which cannot be exceeded without both parties’ approval; however, this is a maximum number, and there is no way of knowing the actual number of shares that will be outstanding at that time.”

Firer notes that, if the share price on the transaction closing date is the same as the closing price on August 18, 2020 (the day before the letter was released), NETE anticipates that the number of shares outstanding at closing will be approximately 50 million. “If the share price on the transaction closing date is less than the closing price on August 18, 2020, the company anticipates that the number of shares outstanding at closing will be greater than 50 million but subject to the 75 million share cap,” the letter said.

Net Element Inc. is a global financial technology and value-added solutions group that supports electronic payments acceptance in an omni-channel environment spanning across point-of-sale, e-commerce and mobile devices. The company operates a payments-as-a-service transactional model and value-added services platform for small to medium enterprises in the U.S. and selected emerging markets.

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

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

Trxade Group, Inc. (NASDAQ: MEDS) to Boost Brand Through Participation in LD 500 Virtual Investor Conference

  • Trxade Group Inc. is a supplies and services innovator for the pharmaceutical industry, working to keep small retailers competitive with large chains and costs accessible for end-use patients
  • Trxade Group has seen its brand grow significantly during the past year, adding a 244 percent year-over-year increase to its quarterly revenues during the spring
  • The company will further draw attention to its profile by joining other brand presentations at the LD 500 Virtual Investor Conference scheduled to begin Sept. 1 and run through the week
  • The LD 500 conference is designed to provide an online-accessible meeting of small cap companies and potential investors even during the ongoing global pandemic, and it is open to everyone

Trxade Group (NASDAQ: MEDS) will introduce a raft of potential new investors to the accomplishments of its growing brand in the medical technology space when CEO Suren Ajjarapu makes a 20-minute presentation on the company as part of the upcoming LD 500 Virtual Investor Conference.

Ajjarapu will also interact more directly with sanctioned LD 500 patrons who are curated through the event’s network, holding one-on-one interviews with potential investors during the hours surrounding his 1:40 p.m. EST presentation on Wednesday, Sept. 2 (http://ibn.fm/nlt6c).

The LD 500 conference is designed to attract hundreds of leading names in the microcap markets space as well as potential sources of capital for the companies. The convention and conference industry has been battered by the distancing demands of the novel coronavirus pandemic but LD 500 organizers have adapted with their most ambitious gathering to date — up to 500 companies and tens of thousands of participants registered for the four-day virtual investor summit that begins Sept. 1, with pre-event activities slated this coming Monday, Aug. 31 (http://ibn.fm/U9diD).

Trxade Group has been building its B2B platform into a B2C-friendly portfolio that helps independent local pharmacies compete with large-scale retail chains through drug pricing transparency and network strength, also helping health patients to gain telemedicine access to physicians’ clinics without leaving home, and to have prescriptions ordered online and delivered to the home (http://ibn.fm/9zSca).

Trxade Group’s platform also provides assistance with buying personal protective equipment (“PPE”) for businesses challenged by the ongoing global pandemic and the wellness needs of employees carrying out company assignments.

“This platform resolves a fundamental trust problem impacting employer’s safety and security policies, allowing companies to more effectively combat COVID-19 concerns in the workplace,” Bonum Health President Ashton Maaraba stated. Bonum Health is a subsidiary of Trxade Group.

Trxade’s flagship operation has achieved more than 50 percent penetration of its intended market, the 22,000 independent pharmacies across the United States that serve their communities with features not too far removed from the corner drugstore days of the past century.

“We believe this radical price transparency, economy of scale and competition amongst suppliers leads (to) up to 10% reduction in pharmacies’ total annual drug purchase costs, with a drug-level savings of up to 90% on certain pharmaceutical products,” Ajjarapu said in a recent earnings conference call (http://ibn.fm/zc0Wf).

Trxade Group reported those Q2 financial results in July, noting the company’s revenues had grown by 244 percent year-over-year for the quarter, and by 199 percent sequentially from the first quarter of the year.

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

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

InsuraGuest Technologies, Inc. (TSX.V: ISGI) Expands Reach of Hospitality Liability Coverage After Signing Swarts, Manning & Associates

  • InsuraGuest Technologies, Inc. will be able to use Swarts, Manning & Associates’ business and broker network in California, Nevada and Utah
  • The insurance firm’s hotel clients will gain access to InsuraGuest’s Hospitality Liability policy following integration of its insurtech platform with their property management systems
  • The agreement is expected to improve the risk profile of Swarts, Manning & Associates’ hospitality clients by lowering their risk and claim ratios

InsuraGuest Technologies (TSX.V: ISGI) is set to expand the reach of its insurtech product in the hospitality sector after signing full-service insurance firm Swarts, Manning & Associates for its agency/broker program. According to a company new release, the agreement was signed through the company’s wholly-owned subsidiary InsuraGuest Insurance Agency, LLC (http://ibn.fm/CLc2O).

As part of its agency/broker program, InsuraGuest will use Swarts, Manning & Associates’ network in California, Nevada and Utah to access the insurance company’s hotel clients and provide them with InsuraGuest’s Hospitality Liability policy coverage by integrating its insurtech software platform with the hotels’ management systems.

Swarts, Manning & Associates was founded in 1996 and quickly became a leader and innovator in the insurance industry. Dedicated to providing the most cost-effective and customized insurance solutions, the firm has several specialized departments dedicated to personal insurance, health benefits, commercial insurance and more.

“Our focus has always been on risk management and improving the risk profile of our hospitality clients,” states Mark Swarts, founder and president of Swarts, Manning & Associates. “Adding InsuraGuest’s products to our partner list will help us reduce their hotel clients’ risk ratios and claim ratios while potentially lowering their GL premiums.”

InsuraGuest’s goal is to disrupt the insurance landscape by utilizing its proprietary software platform to deliver digital insurance to multiple verticals. The company aims to transform the way insurance is delivered with the revolutionary idea that insurance should be bought, not sold.

The company’s insurance coverage is purchased by the property and automatically delivers Hospitality Liability policy coverages through the property’s management system after integration of InsuraGuest’s proprietary insurtech platform. InsuraGuest Hospitality provides coverage for accidental property damage, theft of the guest’s personal property while residing at the vacation rental property, as well as accidental medical expenses and accidental death and dismemberment.

InsuraGuest’s platform currently integrates with approximately 70 different hotel property management systems, including Hilton -ONQ, Marriott Fosse, Marriott Full Service, Oracle Opera, Springer-Miller Systems, Agilysys and Lightspeed GPS.

The deal with Swarts, Manning & Associates follows a partnership signed with Hostfully, a provider of end-to-end vacation rental property management software. The agreement allowed InsuraGuest to make available its Hospitality Liability coverage to Hostfully’s client base of more than 2,5000 vacation rental properties.

This is encouraging news for InsuraGuest’s investors, given the significant growth potential of the vacation rental market. With over $57 billion in rental revenue in 2019 and a growth rate of 6.9%, the industry continues its growth as more and more people each year take advantage of the variety of benefits that vacations rentals offer (http://ibn.fm/OWkVZ). Additionally, there is significant growth potential for the company on the European hotel and vacation rental market, currently twice larger than the U.S. market size.

The agreements with Swarts, Manning & Associates and Hostfully, respectively, reaffirm InsuraGuest Technologies’ commitment and dedication to harnessing the power of technology to reinvent insurance across multiple verticals, including the hospitality sector.

The company is also taking active steps to diversify its insurance product offering across multiple sectors. In June, through its wholly owned U.S. subsidiary Insure The People, LLC (“ITP”), InsuraGuest announced the development of a new Business Owner Policy (“BOP”) insurtech portal, www.InsureThePeople.com, slated for release to U.S. markets by the third quarter of 2020 (http://ibn.fm/AwrIF). According to InsuraGuest Chairman and CEO Douglas Anderson, the new product has the potential to provide the company with multiple avenues of revenue and greater shareholder value.

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

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

Sustainable Green Team Ltd. (SGTM) Transforming Environmental Problems into Profits

  • Sustainable investing saw record increases despite overall market downturn in Q1 2020
  • ESG ratings take into account environmental, social and governance factors of interest to investors
  • SGTM operates with mission to serve, protect environment while providing synergistic solutions to waste disposal problems
  • SGTM Q2 2020 results include over $12.3 million in revenue, $3.4 million in gross profit, nearly doubled from Q1

Investment markets post-COVID-19 saw record first-quarter inflows to sustainable funds that take environmental, social and governance (“ESG”) ratings into account, along with traditional financial metrics (http://ibn.fm/2EG5j). Sustainable Green Team (OTC: SGTM), a leading provider of environmentally-beneficial solutions for tree and storm waste disposal, experienced impressive gains alongside this market shift through a surge in its activities that transform natural waste into useful organic products that benefit the environment

Environmental, social and governance factors are increasing in importance among investors—particularly those focused on issues concerning environmental waste, climate change, resource scarcity, labor practices and product safety. Despite recent market turmoil and extreme price volatility, many ESG-focused funds have outperformed the broader market this year (http://ibn.fm/GQQK2), suggesting an overall change in sentiment among investors that prioritize ESG issues as a part of their investment strategy. SGTM is among those companies that takes ESG factors seriously, making environmental stewardship central to its operations.

“At the end of the day it’s important to share that belief that we are stewards of the environment, and that shouldn’t be understated,” said SGTM CEO Tony Raynor in a recent interview (http://ibn.fm/aQNji). “We really enjoy it, and we’re passionate about what we do.”

Formerly known as National Storm Recovery Inc., SGTM provides synergistic and environmentally beneficial solutions to tree and storm waste disposal that would otherwise create an environmental burden on landfills and disposal sites throughout the United States. Through its subsidiaries, the company provides tree services, debris hauling, and waste removal in its overall effort to transform organic waste into products such as mulch and playground surface material. The company recently announced its impressive Q2 results that include over $12.3 million in revenue and $3.4 million in gross profit (http://ibn.fm/GhZC9) – almost double its Q1 results of $6.2 million and $1.7 million, respectively (http://ibn.fm/iiwQT).

STGM’s explosive growth can be attributed to several factors in line with its corporate strategy that is focused on expansion, investment and revenue stream diversification. The company recently acquired Mulch Manufacturing Inc., a 35-year-old industry leader and innovator in mulch manufacturing that significantly expanded SGTM’s footprint through its established networks in sales, distribution and production. Along with the acquisition were significant corporate investments that included the purchase of grapple hauling trucks and construction upgrades to its waste management landfill facility, enabling the company to increase production of its organic next-generation mulch products and playground surface material.

With a focus on ESG principles, SGTM takes its mission of protecting and serving the environment seriously, providing solutions for tree and storm waste disposal that otherwise would have created a burden on local landfills and waste disposal sites. Despite the current economic environment, SGTM continues to grow as demand for its services increases among its wide range of public and private-sector clients.

To learn more about Sustainable Green Team Ltd., view the investor presentation at http://ibn.fm/jvrhi.

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

Cybin Corp. at Forefront of Change in Psilocybin-Based Treatments

  • Company focused on furthering R&D of psilocybin-based medications
  • Cybin believes psychedelic substances derived from mushrooms can work as boosters for brain
  • Psilocybin shows promise for an array of mental health issues

Cybin Corp. is a leading life-science company focused on psychedelic and nutraceutical products to support various psychiatric and neurological conditions. The company is engaged in clinical trials, through a partnership with the Toronto Centre for Psychedelic Science (“TCPS”) to gain regulatory approval for psilocybin and other psychedelic products (http://ibn.fm/RgpQc).

In the 1940s, the study of psychedelic drugs for the treatment of mental health conditions began with the discovery of LSD. However, President Richard Nixon put a stop to this research in the 1960s with his war on drugs. Only recently have researchers began to explore psychedelics once again. This research is showing positive results in the treatment of depression, anxiety, PTSD, addictions, eating disorders, ADHD and more.

This evolution couldn’t be more timely. In the midst of a worldwide pandemic, the need for anxiety-reducing therapies has grown substantially, and psychedelics may have the potential to make a profound impact. Clinical studies for PTSD and psilocybin therapy for treatment-resistant depression has won the acknowledgment of the FDA (http://ibn.fm/V3HpZ). The combined cooperation of the FDA and investors is breaking down previous barriers. Psychedelic treatment may soon become mainstream.

Cybin believes that psychedelic substances derived from mushrooms can work as boosters for the brain, potentially rebuilding pathways and breaking negative patterns. Today more than 700 million people around the world struggle with mental illness, addiction or eating disorders — all areas where the benefits of psychedelic substances is being studied. What’s more, even though over 40 million Americans are taking psychiatric drugs, Big Pharma has not produced any new drug innovations in the last ten years (http://ibn.fm/yuVvc).

The world is changing quickly, and people are looking for new and improved options for managing their health. Right now, only 10% of fungi species are taxonomically classified, leaving an enormous potential for future medical research. Cybin is at the forefront of that research, paving the way for new advances and leveraging its expertise in the world of medicinal mushrooms.

Cybin operates in the functional-mushroom market with a goal to develop fungi-derived medicinal products to treat mental illness and other health conditions. The business model of this early-stage, life-sciences company includes two wholly owned core subsidiaries: Serenity Life Sciences, focusing on advancing research and development of psilocybin-based pharmaceutical products, and Natures Journey Inc., developing medicinal nonpsychedelic nutraceutical products.

For more information about this company, please visit www.Cybin.com.

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

Sugarmade’s BudCars Anticipates Record-Breaking July Numbers, Continues Three Primary Areas of Growth

  • SGMD, BudCars cannabis delivery service set to break sales, profits, customer orders records
  • BudCars demonstrating “accelerating growth,’ represents significant period-over-period upside potential
  • Company remains on track to reach $11 million benchmark for annualized sales by the close of calendar Q3

With August wrapping up, Sugarmade (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, expects the month-end numbers for BudCars Cannabis Delivery Service to set multiple performance records for sales, gross profits and total customer orders (http://ibn.fm/aLwaC).

“[The] BudCars Sacramento hub continues to demonstrate accelerating growth that suggests we still haven’t really found the ceiling here in terms of period-over-period upside potential,” said Sugarmade CEO Jimmy Chan. “Ultimately, this is gratifying to see because we have taken a unique approach to retail cannabis product distribution.”

Based on mid-July analysis and projections, BudCars appeared to be on a trajectory to meet or exceed previously identified goals of $650,000 in total sales and more than 5,000 individual customer orders for July; if met, those numbers continue an impressive streak of sequential month-over-month topline growth at or above the company’s target 30% level.

In addition, this consistent upward trends puts the company right in line to reach — or exceed — the $11 million benchmark for annualized sales by the close of calendar Q3, which the SGMD executive team announced previously in its updated guidance materials (http://ibn.fm/QOoIW).

Sugarmade is also on right on track with other strategic plants to leverage the current cannabis market needs. “We are pursuing three primary avenues to drive growth: organic execution, geographic expansion, and verticalization of our supply chain,” said Chan. “In each case, we continue to make progress. However, at this point, we have only scratched the surface of what is possible over the intermediate term for BudCars given that all of the growth we have booked so far has been exclusively about organic execution as we claim an increasing share of the market and drive enthusiastic repeat business from newly acquired customers.”

Specifically, SGMD has plans to launch new BudCars locations in the Los Angeles regional market and is pursuing the incorporation of in-house cultivation and cannabis product manufacturing at a new 5,000 square-foot, indoor, premium-cannabis cultivation facility located near its Sacramento BudCars hub.

BudCars is a retail business that offers same-day delivery of top-quality cannabis. Customers choose from a variety of products, including edibles, flower, pre-rolls, vapes, tinctures and concentrate across dozens of premium brands. Once consumers complete their purchases online, they receive their order the same day via BudCars Cannabis Delivery Service.

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 CarryOutsupplies.com and SugarRush(TM).

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/SUGAR

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Cardiovascular disease continues to place a profound burden on individuals, economies and healthcare systems worldwide, affecting millions of lives while driving substantial medical costs and resource demands. Cardio Diagnostics Holdings (NASDAQ: CDIO) is committed to reducing the impact of heart disease by developing a platform that integrates artificial intelligence and epigenetic and genetic biomarkers to deliver personalized […]

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