• Forbes offers invaluable advice to company execs during fragile economies
• Christopher Miglino outlines three steps to follow in troubling financial situations
• Open, honest, direct communication key during major crisis, advises CEO

SRAX Inc. (NASDAQ: SRAX) CEO Christopher Miglino authored a recent Forbes article that provided valuable insight and advice to executives leading companies during fragile economies (http://ibn.fm/cfHOM); Miglino is a member of the invitation-only Forbes Business Council comprised of successful entrepreneurs and business leaders. In the article Miglino offered critical insights on staying connected with investors gleaned from his two decades of experience working in the digital space.

Titled ‘Communicating with Investors and Understanding Their Behavior During a Major Crisis’, the article noted that, during uncertain economic times, “it’s important to understand how your investors are reacting to their positions in your company and how to utilize the latest technologies to communicate with them.” Miglino recommended leaders take three important steps during troubling financial situations.

Step 1: Understand Who Is Sticking with You. “While many issuers don’t put a lot of value in retail investors, many of the smaller-cap companies are dominated by high-net-worth individuals with significant positions in the company, but who don’t meet the threshold to have to file with the SEC,” wrote Miglino. “Especially in volatile times, issuers need to understand what both institutional and retail investors are doing in real time. Waiting is just not an option.”

Step 2: Comfort Them with a Communication Strategy. “Reassure your investors by establishing a communication protocol,” Miglino suggested. “Let them know you’ll be sending out a weekly or biweekly update in which you conduct a comprehensive analysis of your company’s position and business strategy moving forward.”

Step 3: Engage Investors on Social Media. In the article, Miglino observed that investors turn to social media for news and updates. “With targeted social media campaigns, you can reach former and current investors across devices whenever they go online,” he said. “Current targeting capabilities allow for companies to make sure that investors are seeing your data even if they miss a press release or filing that the company has put out.”

“All in all,” concluded Miglino, “during a major crisis, it’s extremely important to be open, honest and direct with your shareholders. They deserve it. Put yourself in their shoes, and that realization should click pretty quickly. Stay smart and calm, and the rest will follow.”

Miglino is ideally qualified to share insight and suggestions to leaders of publicly held companies. He has spent the past two decades working in the digital advertising space and has successfully launched and sold two companies; both of those companies were sold to publicly traded companies on the NASDAQ. Currently CEO of SRAX, a digital marketing and data-management-technology company, Miglino has extensive experience and understanding of how to lead companies to success and growth.

SRAX’s technology and tools unlock data to reveal core consumers and their characteristics across marketing channels for brands in the CPG, investor relations, luxury and lifestyle verticals. Monetizing its data sets, SRAX is growing multiple recurring-revenue streams through its various platforms, including its exclusive BIGtoken platform. SRAX has developed a consumer-managed data marketplace where people can own and earn from their data, thereby offering everyone in the internet ecosystem choice, transparency and compensation.

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

• Adjustments made necessary by pandemic result in SING subsidiary growth, expansion from 13 to 30 states in mere weeks
• Direct Solar cutting out middle man, able to do business in any state
• SING also developing app that allows consumers from anywhere in US to buy solar “without ever talking to a human being”

SinglePoint Inc. (OTCQB: SING) subsidiary Direct Solar, a solar brokerage, has expanded from 13 states to 30 states in only two weeks as a result of changes made necessary by the COVID-19 pandemic. The expansion was announced by SinglePoint founder and CEO Greg Lambrecht during a MoneyTV interview with Donald Baillargeon (http://ibn.fm/4xokm).

Under Direct Solar’s previous business model, entering a new state entailed hiring and training reps and then paying living expenses for those individuals while they entered new areas, knocking on doors and making sales. With new social distancing guidelines in place, door-to-door sales are not allowed in most states, so SinglePoint has explored other options – and reaped unexpected rewards.

“We’ve had our phone operators set up meetings on GoToMeeting,” Lambrecht explained during the interview. “And because of that we’ve expanded from 13 states to 30 states in just the last two weeks, and we’re starting to close deals virtually right over the Internet.”

While the pandemic has spelled catastrophe for many industries, bringing some to a grinding halt, pockets of innovative thinking have allowed some companies to bloom amid these unprecedented circumstances. For SinglePoint, the innovation has been beneficial, Lambrecht said. “Now we can go into any states we want to as long as the person has a computer, so we’ve kind of cut the middle man out,” said Lambrecht, who noted the financial savings for the company was significant was well. “It’s really forced us to go virtual, and it’s very exciting for Direct Solar.”

Continuing to utilize technology as it expands its standout subsidiary, SING is also developing an app that allows consumers from virtually anywhere in the United States to visit the Direct Solar website, find information, price systems and buy solar “without ever talking to a human being,” Lambrecht said. “We’re working on that now… that’s going to be done probably in about four or five weeks. So we’re really taking this whole solar to a new way of doing business.”

The solar installation process remains primarily the same, Lambrecht noted. “The great thing about installers, they don’t ever go in the house,” he said. “They just get up on the roof and install it. Also, installation is considered by the government as a critical thing to do because it’s power, so no problems with installation.”

“One of the best things about SinglePoint is that we’ve always been able to pivot,” Lambrecht concluded. “And through this chaos, I think we’re going to come out better than ever.”

SinglePoint specializes in acquisitions of small to mid-sized companies, with an emphasis in new technologies, providing investors the opportunity to make investments across a wide range of assets, including payment processing, cannabis, and blockchain technologies, and a crypto application, which was co-created with AppSwarm.

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

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

• Exro offers cutting-edge technology for energy conversion
• The company’s proprietary, patented software controls electric motor coils through individual coil switching
• Exro centered on realizing at least eight commercial deals this year for its innovative technology

Dedicated to transforming energy conversion to improve the performance, efficiency and longevity in electric motors, Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) has developed and commercialized an electric power module (EPM) that integrates into electric motor systems to make them smarter. XRO’s emphasis for 2020 is to focus on moving forward with the commercialization of its exclusive technology.

Exro has developed a new electric vehicle (EV technology) that uses intelligent algorithms to adjust and manage the performance of electric motors and power trains. In the past six months, the company has inked a number of deals with partner companies to use its technology in diverse applications, including e-bikes, electric water taxis, agricultural equipment and automobiles (http://ibn.fm/u4JbD).

XRO is working to expedite the worldwide transition to clean energy. This is a key element of its business strategy and is in line with global demand for sustainable transportation.

“With global warming becoming a severe issue, consumers have become aware of the need to embrace renewable energy programs directly and come to terms with more sustainable transportation options,” stated a recent Plug and Play article (http://ibn.fm/OzSu0).

Exro’s unique technology improves the performance and efficiency of electric motors by separating individual coils to enable coil switching according to power requirements. Exro allows an electric motor to have a wider range of torque and speed, reducing the need for an electric vehicle to have multiple electric motors (http://ibn.fm/SKvTD).

Exro has entered into a number of strategic partnerships as part of its commercialization strategy. Finland’s Aurora Powertrains is adding Exro to the Aurora electric powertrain installed in an all-electric snowmobile. Exro also has an agreement with Mexico’s electric motor manufacturer Potencia. Potencia will integrate Exro’s technology into small passenger taxis and fleet delivery trucks. Finally Exro has a licensing agreement with Motorino Electric, which will integrate Exro’s EPM technology into Motorino’s CTi electric bicycle.

Headquartered in Vancouver, British Columbia, Exro is now engaged in discussions to expand the use of its technology into other sectors. For investors, the potential for significant ROI exists as the company’s technology is applied to optimizing the performance of the world’s electric motors and power trains.

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

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

• Both SPRWF’s 7ACRES and Blissco operations are 100% complete, licensed
• Supreme announces plans to conduct all extraction in-house from the now fully licensed facility
• Licensing of 7ACRES’ transformed tomato greenhouse comes after three years of design, construction, development

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a Canadian leader in the cannabis industry, recently announced two key assets – its 440,000-square-foot, state-of-the-art cultivation 7ACRES plant and its 12,000-square-foot Blissco extraction structure – have been completed and received final approval and licensing for operation. This milestone step makes Supreme one of the few Canadian producers that operates fully constructed and licensed cultivation and extraction facilities.

In March, British-Columbia-based Blissco received Health Canada’s approval on its final licensing amendments, and Supreme announced plans to conduct all extraction in-house from the now fully licensed facility (http://ibn.fm/b5wQ1). The licensing announcement came after SPRWF completed construction on a large-scale, ethanol-based extraction lab that expanded Blissco’s existing CO2-based extraction capability.

In the past months, Blissco also received its cannabis oil sales license from Health Canada as well as a license amendment that allows for the sale of cannabis 2.0 products (http://ibn.fm/CjPqB). With this license amendment and the capacity to produce over 7,000,000 tincture bottles annually, Blissco’s state-of-the-art extraction facility will process product for 7ACRES’ vaporizer partnership with Pax Labs Inc. Just this week, Supreme Cannabis’ first 2.0 products entered the market in the form of 7ACRES PAX Era vaporizer pods (http://ibn.fm/3ywJ7). This product was produced at the Blissco facility utilizing its advanced extraction and oil-processing expertise.

In addition to extraction, Supreme Cannabis is best known for the premium cultivation it conducts at its flagship 7ACRES facility. The licensing of the 7ACRES’ transformed tomato greenhouse comes after three years of design, construction and development. The facility has achieved premium cultivation at scale with relatively small grow rooms and boasts a unique hybrid facility structure that allows for the plants to benefit from both sunlight and artificial light. In addition to cultivation, advanced processing techniques, innovative R&D and experienced team set 7ACRES apart from other growing operations in the industry.

The Supreme Cannabis Company is emerging as one of the world’s fastest-growing, premium, plant-driven lifestyle companies by effectively deploying capital with an emphasis on disciplined growth and high-quality products. Supreme Cannabis’ portfolio of brands (http://ibn.fm/3F7L0) caters to diverse consumer experiences, with brands and products that address recreational, wellness, medicinal and new-consumer preferences.

In addition to 7ACRES, the company’s brand portfolio includes Blissco, Truverra Inc., Sugarleaf by 7AC and Khalifa Kush Enterprises Canada. Supreme Cannabis’ brands are backed by a focused suite of world-class operating assets that serve key functions in the value chain including scaled cultivation, value-add processing, centralized manufacturing, and product testing and R&D (http://ibn.fm/mbrpz).

For more information, visit the company’s website at www.Supreme.ca

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

• PowerBand’s cloud-based transaction platform streamlines vehicle sales interactions among participants and eliminates unnecessary middlemen
• 90% of Americans now feel anxious or uncomfortable in real-life dealership settings
• Virtual auctions have unlimited potential as COVID-19 disrupts automotive dealership and auction industries

Fear of catching COVID-19 is causing many commuters to turn their eye to the auto market, to purchase a vehicle instead of taking a bus. But they are increasingly afraid of crowded dealerships. If COVID-19 has taught us anything, it is that the future of auto sales is online, and PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) is among the pioneers of this trend.

The public transit crisis around the world is clear. The number of users has shrunk, funding streams have become limited, and mass transit won’t recover from the pandemic with so many people living in fear. U.S. transit agencies may see an annual shortfall of as much as $26 billion to $40 billion because of the coronavirus, according to TransitCenter (http://ibn.fm/5Nh0O).

This will likely lead to a significant increase in demand for personal automobiles in the post-coronavirus world, because people will continue to be physically distancing. In Wuhan, China, the first COVID-19 epicenter, car sales have bounced back, already reaching their pre-crisis level, according to the Globe and Mail (http://ibn.fm/d4EVA). Families in the city are reported to be buying second cars because they see personal vehicles safer than public transportation, the report said.

While this is great news for the automotive industry, it raises a host of issues regarding the best way to sell and purchase vehicles in a world where social distancing has become the norm. With nearly 90% of Americans reporting they dislike the car dealership experience, saying they feel anxious or uncomfortable in dealership settings, the industry has turned towards online solutions. Online-only vehicle auctions, for example, experienced a 33% compound annual growth rate between 2013 and 2017 compared to just 2% growth of physical auctions. The number is expected to grow exponentially as people are looking for safer ways to buy and sell vehicles so as to avoid crowded dealerships.

“Online car sales have traditionally made up 10 to 15 percent of the total U.S. vehicle market, according to Autopia, a company that helps consumers lease cars online,” reports Consumer Reports. “Dealerships and online sales experts tell CR that ‘contactless’ car sales strategies are increasing and evolving rapidly as new car dealerships learn quickly how to do it.

No one knows what the post-pandemic future will look like, but based on CR’s conversations with dealers and trade groups, consumers can, for the most part, expect to be able to buy cars like they buy a lot of other things – with their smartphones and tablets.”

PowerBand already offers this service. Its innovative cloud-based platform lets people buy and sell cars and trucks with never-seen-before simplicity, speed, and cost-efficiency on smart phones and other digital devices, from any location. The platform was developed by a team of experienced automotive, technology and finance experts around the core belief that consumers preferred to conduct automotive transactions online and avoid interactions with middlemen.

Against the backdrop of the coronavirus pandemic, its popularity is skyrocketing. This is especially evident in the used-vehicle retail market.

PowerBand has already successfully launched and conducted ‘virtual’ auctions in the United States together with and D2D Auto Auction LLC, co-owned by PowerBand and Arkansas-based financier Bryan Hunt, director of J.B Hunt Transport. The highly successful virtual auctions, held on April 7th and April 16th, testified to the speed and efficiency of D2D’s unique transaction platform, which provides an alternative to physical auctions and their associated costs (http://ibn.fm/DeABP).

More than 1,300 dealers were registered on the D2D platform when it was launched at the end of 2019, and this number is increasing rapidly. The new cloud-based auction platform will be offered across the United States in the coming weeks.

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

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

• SING switches to virtual sales model, grows solar business from 13 to 25 states
• Company to launch website allowing consumers to buy complete solar installations online
• SING expanding solar footprint into commercial sales through awareness campaigns and financial partnerships

In an effort to keep up with continuing consumer demand for solar energy solutions, SinglePoint Inc. (OTCQB: SING), a diversified holdings company, recently shifted to a virtual sales process for Direct Solar, one of its subsidiaries. Besides almost doubling the company’s footprint to 25 states, management expects the strategic move will further streamline the business and spur additional growth as demand for solar installations increases nationwide.

SING CEO Greg Lambrecht recently discussed the move in a recent video (http://ibn.fm/UWs95) where he also revealed the company’s plans to launch a new website in the next few weeks that will enable customers to purchase solar solutions for their homes online.

“What’s happening with Singlepoint and Direct Solar is that we’re taking everything virtual,” Lambrecht stated in a news release. “We have a huge advantage to outpace our competition where a lot of these shops just don’t have the technical savvy to do what we’re going to do virtually. Singlepoint is in a great spot with Direct Solar.”

The move comes at a time where current shelter-in-place restrictions are creating challenging situations, forcing companies in high-potential industries like solar to adapt their sales process in order to meet consumer demand.

“We had to either shift to the online model now or take a serious hit this year,” President Wil Ralston said in a recent article (http://ibn.fm/iwn1p). “We’re not yet where we were, but we’re getting back there very quickly,” he explained, referring to management’s expectations to return to the growth-oriented profits that characterized the company’s impressive 2019 performance (http://ibn.fm/d1CYP).

Despite the economic slowdown and its effect on the economy, the potential for solar industry growth remains. According to the Solar Energy Industries Association, 2019 saw tremendous growth for solar with an increase of 23% from 2018 – despite policy challenges and increased tariffs (http://ibn.fm/jeYvW). SING captured a significant portion of that market, posting more than $3.3 million in revenue in its financial results for 2019, showing a 189% increase from 2018 to 2019 with over $2 million of that revenue derived directly from Direct Solar (http://ibn.fm/H568P).

Since acquiring Direct Solar in 2019, SING has focused on growing its national residential-solar brokerage model in addition to increasing its footprint into the commercial sector. To achieve these goals, the company has engaged in awareness campaigns with schools and commercial businesses and also developed partnerships with financial institutions to help finance these projects. Once they pass the review stage to execution, SING management believes that many of these projects could bring in revenue that is purely incremental to any current projections for the residential solar division.

Besides Direct Solar, SING operates other subsidiaries in the hemp and technology spaces that benefit from its capital injections, sales guidance, and marketing expertise. Founded in 2011, the company specializes in acquisitions of small to mid-sized companies, providing investors with the opportunity to make diversified investments across a wide range of assets.

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

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

• The merged company will target the international cosmetics market (projected to reach $758 billion by 2025), agricultural technology and products ($729 billion by 2023), the biopharmaceuticals market ($389 billion by 2024) and the hemp-derived CBD market ($23.7 billion by 2023)
• Cannaworx has a diverse portfolio and plans to launch several products in 2020, including two with a pain indication allowed under an FDA OTC monograph
• Cannaworx’s sativa oil skincare serum sold $250K in 10 minutes on QVC in December 2019
• Merger will give Cannaworx access to Pressure BioSciences’ proprietary method for processing oil-based products into high quality nanoemulsions (Ultra shear Technology), which is expected to further increase the bioavailability and efficacy of Cannaworx products

Pressure BioSciences Inc. (OTCQB: PBIO), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and platform technology solutions to the worldwide biotechnology and biotherapeutics industry, announced that it has signed a binding letter of intent to acquire Cannaworx Inc., a privately-held company, according to a press release on April 29th (http://ibn.fm/TfZgu).

The merged entity, equipped with an extensive intellectual property portfolio utilizing a proprietary pressure platform, nanotechnology and advanced delivery systems, plans to disrupt a number of major world markets. These include the international cosmetics market, projected to reach $758 billion by 2025 (http://ibn.fm/5N4vZ), the global agricultural technology and products market, projected at $729 billion by 2023 (http://ibn.fm/XLNAf), the global biopharmaceuticals market, expected to reach $389 billion by 2024 (http://ibn.fm/7VJpy), as well as the U.S. hemp-derived CBD market, anticipated to reach $23.7 billion by 2023 (http://ibn.fm/4bLkg).

Cannaworx’s diverse portfolio of products and intellectual property was developed by its founders Bobby Ghalili, DMD and Adrienne Denese, MD, PhD. Drs. Ghalili and Denese bring extensive medical expertise and product innovation into the newly combined public company. They have an impressive multi-year track record of developing and selling personal care and nutrition products.

Cannaworx and its principals have a number of novel products that utilize the company’s patented or patent pending, full and partial spectrum, hemp-derived phytocannabinoid formulations for a number of indications. Cannaworx plans to launch many of these products in 2020, two with a pain indication allowed under an FDA OTC monograph. The company believes this will make them the only oral hemp-derived phytocannabinoid-containing products available in today’s market with such a claim.

Following the merger, Cannaworx products will utilize Pressure BioSciences’ proprietary Ultra Shear Technology (TM) platform to process all of its products, as they are oil-based. UST is a revolutionary, patented method for processing oil-based products such as hemp-derived CBD oil in water into long-term stable, highly bioabsorbable, top quality nanoemulsions.

This approach is expected to significantly increase the quality of these already high-quality Cannaworx products. More specifically, Pressure BioSciences believes UST processing will increase the bioavailability and efficacy of the Cannaworx human, veterinary, and agricultural products; reduce manufacturing costs; increase profit margins; and distinguish the Cannaworx product lines for quality and performance within multiple markets.

“As we evaluated technologies for achieving effective nanoemulsion delivery of oil-based materials in water, we discovered that PBI’s UST platform was in a class of its own, clearly out-performing all competing technologies evaluated,” Dr. Ghalili explained why his company decided in favor of merging with Pressure BioSciences. “The opportunity to combine our capabilities, products, intellectual property, marketing and distribution channels, and proprietary methods with those of PBI was an astonishingly valuable opportunity to leverage and enable our product lines for real differentiation in our served markets and to help propel significant growth for all stakeholders.”

Cannaworx’s first product, a sativa oil (hemp) skincare serum, sold $250K in 10 minutes on QVC (December 2019). With products being released to the market in 2020 and after, the merger, whose terms were not yet disclosed, is expected to have a significant impact on Pressure BioSciences’ sales in the near future.

“We have been actively searching for an opportunity to participate in the end-product growth and upside we believe our UST platform creates and delivers,” Pressure BioSciences President and CEO Richard T. Schumacher stated in a news release. “We are very excited to bring our companies together for what we believe to be a momentous inflection point in significant new growth and increased shareholder value.”

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

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

• MVES has executed a memorandum of understanding to acquire BINGE Networks LLC
• The Movie Studio plans to vertically integrate assets, infrastructure of BINGE Networks with current OTT and distribution app
• Move designed to help company secure leading market position based on ad streaming measurements, big data analytic trends

The Movie Studio Inc. (OTC: MVES), a vertically integrated motion picture production company, has executed a memorandum of understanding to acquire BINGE Networks LLC, noting that both parties are conducting due diligence in anticipation of completing the transaction and entering into a letter of intent (LOI) in the near future (http://ibn.fm/EvuOX).

An award-winning streaming media platform, BINGE Networks is a recipient of the Most Innovative Media Content Monetizing & Streaming Platform CV-Magazine-USA 2019 and New York 2019 Award Programming. Built into more than 100 smart TV networks, the BINGE App provides the ability to globally and instantly syndicate and monetize content through key strategic partnerships throughout the streaming media industry. The company offers five core revenue streams: streaming packages, subscription video on demand (SVOD), advertiser video on demand (AVOD), transactional video on demand (TVOD) and platform syndication.

The Movie Studio is dedicated to establishing its own OTT VOD platform, aimed to integrate its own feature film projects, television programming and other media intellectual properties, as well as projects and programming gathered from other sources. Based on this deliberate marketing strategy, The Movie Studio plans to vertically integrate the assets and infrastructure obtained from BINGE Networks with its current OTT and app for distribution of MVES content and cross-pollination of the advertisers and strategic partners.

This strategy lends itself well to BINGE Networks’ operations and assets, which The Movie Studio team feels are synergistic to its growth-by-acquisition business model, designed to help the company secure a leading market position based on ad streaming measurements and big data analytic trends competing for uptick viewership.

With some experts predicting the fast-growing OTT industry could total revenues of $78.2 billion by 2023 (http://ibn.fm/GSlLe), MVES is confident that BINGE Networks has the potential to help the company reach its goal, leveraging The Movie Studio’s ability to provide streamers a competitive edge by offering a single hub that enables multiple ways for content creators to earn revenues and establish relationships with many different networks.

In addition to its five core revenue streams, BINGE Networks distributes entertainment content for AVOD digital delivery on more than 100 OTT platforms, with major revenue distribution partners including Roku TV, Tiki Live, Video Elephant, Glewd TV, Daily Motion, Endavo, Apple TV, Google Play Store, Amazon Fire and Android App Store, among others. BINGE Networks’ content library contains an estimated 15,000 videos as well as 300 indie films; it also powers 46 apps on Roku and 77 on Amazon Fire, with new ones added almost daily on Amazon Fire and 125 live channels that comprise the video library.

The Movie Studio is a digital, disruptive, vertically integrated, motion-picture production and distribution company focused on the independent motion-picture sector with completed motion-picture and production assets. The company acquires, develops, produces and distributes independent motion-picture content for worldwide consumption focused on video on demand and foreign sales, as well as completing its own Over the Top platform with the Movie Studio App on Google Play and the App Store to be distributed on various media devices.

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

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

• Established as an industry leader in psychedelics, chosen as headline partner for PSYCH
• Importance of mental health has been brought to the forefront during COVID-19 pandemic
• Changing public opinion of psychedelics for medicinal purposes with help of psychedelic events such as PSYCH

Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496), a research-driven company specializing in the formulation and distribution of a suite of artisanal mushroom health supplements, will be the headline partner for Prohibition Partners LIVE’s PSYCH: The Psychedelics Symposium (PSYCH) (http://ibn.fm/YBNMG). Slated for June 22-23, 2020, this Prohibition Partners LIVE event brings together health care, science and business leaders from around the world to discuss new findings in the cannabis and psychedelic space.

Recent legal changes in the cannabis space have opened space for changing public perception of psychedelics as well as the legal research for medicinal use. As a headline partner for this premier gathering, Champignon will be actively involved in the two-day symposium, which features five virtual stages and will include topics such as:

• Psychedelics 101
• Psychedelics as medicine
• Psychedelics for substance-use disorders
• Psychedelics: the cure for treatment-resistant depression
• Psychedelic for well-being
• Next steps for investors

“The impact of COVID-19 has put greater emphasis on the importance of mental health,” Prohibition Partners’ managing director Stephen Murphy stated in a news release. “Consumers are looking for options to improve their mental health and, as the body of evidence mounts for psychedelics, the healthcare industry is responding with solutions. We’re delighted to partner with Champignon Brands on PSYCH and support their vision of improving mental health via psychedelics.”

As an industry leader in innovative treatments using psychedelics for mental-health conditions, SHRM currently has three trials in phase 1, three trials in the preclinical stage and seven IP patents for ketamine/psilocybin delivery platforms and formulations. The company is quickly establishing a clinical pipeline and drug-development platform in medicinal psychedelics as well as promoting the health and wellness benefits of functional mushrooms. SHRM believes that through sustainable organic, non-GMO and vegan-growing practices combined with commercial cultivation, R&D and the distribution of its products, the company can enhance the health and wellness of millions.

According to an article in Forbes (http://ibn.fm/9f5JL), psychedelic events are becoming mainstream when the focus is on mental health. These substances have been misunderstood, much as cannabis was, but that is changing with the help of virtual platforms such as Prohibition Partners LIVE and opportunities to join leaders on a global stage to discuss the research-backed breakthroughs in the industry.

SHRM specializes in the formulation and distribution of a suite of medicinal mushroom health products as well as novel ketamine, anaesthetics and adaptogenic delivery platforms that promote holistic health and wellness. The company’s portfolio is focused on the health-conscious consumer and offers organic teas, coffees and other consumables. Mushroom infused teas and accessories are available to the consumer on the flagship e-commerce store, VitalitySuperTeas.com

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

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

• SHRG subsidiary holds first-ever virtual convention
• Landmark event is premier opportunity for networking, training, sharing success and milestones
• Sharing Services unveils new “happy coffee” – MAX – that is already reporting exceptional sales

Elepreneurs LLC, an operating subsidiary of Sharing Services Global Corporation (OTCQB: SHRG), held its first virtual live convention. Dubbed the Happiness Revolution, the April 25-26 event was designed to support, encourage and empower SHRG’s network of independent representatives called Elepreneurs. The two-day event attracted more than 3,000 participants, offering these aspiring home entrepreneurs the opportunity to network and meet field leaders and the corporate team (http://ibn.fm/IIS11). Reinforcing Sharing Service’s unique culture that sets it apart from its peers in the direct-marketing space, the Happiness Revolution convention provided a remarkable opportunity to celebrate the lives and successes of SHRG’s Elepreneurs and consumers.

Initially planned to be held at the Gaylord Texan in Grapevine, Texas, the conference shifted to virtual format to ensure that Elepreneurs could safely attend while still benefiting from all the agenda offered. Entrepreneurs who attended received expert training, learned about regulatory and corporate updates and acquired invaluable new skills in leadership, relationship marketing and social media engagement, essential for tackling sales and business challenges in the direct-marketing space.

Packed with memorable team events and entrepreneurial inspiration, the convention traditionally serves as a unique opportunity to give recognition to independent representatives’ achievements and sales milestones, highlighting the company’s strong commitment to elevate health, wealth and happiness of its hard-working distributors and the customers they serve.

The landmark annual conference traditionally serves as a platform for the launch of new products, tools and apparel. This year Sharing Services announced the launch of Elevate MAX(TM) coffee, SHRG’s new beverage developed as a part of nootropic product line. Also called “happy coffee,” Elevate MAX was designed to respond to the growing demand for functional beverages with potential to offer various health benefits such as weight management or mood enhancement.

SHRG and its subsidiaries are well positioned to harness the benefits of the burgeoning global, direct-selling market. Elepreneurs’ role is to promote innovative and unique products designed by Elevacity Global LLC, another key SHRG subsidiary tasked with manufacturing and distribution of all products marketed by Elepreneurs. The two entities combine efforts to bring a powerful, innovative, branded product line of health and wellness products to satisfied customers around the world.

Elepreneurs and Elevacity, combined with the successful execution of the SHRG’s Blue Ocean strategy, has resulted in rapid growth for the company. The company recently reported quarterly revenues of $31.6 million for the three months ended January 31, 2020, an increase of 22% compared to the comparable quarter in 2019 (http://ibn.fm/a498p).

Elevate MAX was developed and released following extensive market research, and Sharing Services reports product sales have exceeded expectations and outperformed all prior product launches. The newly launched product is yet another noteworthy verification of SHRG’s ability to successfully manufacture and market powerful health and wellness products, capitalizing on the thriving direct-selling market and continuing SHRG’s soaring growth.

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

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