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Pure Extract Technologies Inc. Focused on Becoming Dominant Extraction Company, Poised for Rapid Growth in Expanding Mushroom Market

  • Vast potential of mushroom medicine market is hindered by lack of pharma-grade extracts preventing brands from seizing this market opportunity
  • Traditional extract producers limited by low-volume, non-scalable manufacturing methods
  • Pure Extracts equipped to produce urgently needed pharma-grade psilocybin

Pure Extracts, a Canadian plant-based extraction company operating in the functional medicinal mushrooms space, is in a unique position to become the dominant extraction company and a leader in the rapid development and commercialization of functional medicine products. With its substantial experience and technical competence in plant extraction creating a distinctive competitive advantage, Pure Extracts is focused on becoming a critical partner with companies developing powerful mushroom products.

As a growing body of research substantiates that psilocybin offers benefits in the treatment of depression, PTSD, anxiety, bi-polar, drug and alcohol addiction, obesity, narcolepsy, OCD, Alzheimer’s and ADHD, an increasing number of companies are looking into expanding into this space to develop products to treat these conditions (http://ibn.fm/oxiSy). However, those companies lack the high purity psilocybin compounds required for the requisite clinical trials and research needed to harness the power of this global market.

Few companies in the extraction space can deliver on this urgent need. Most providers in the space are unable to develop pharmaceutical-grade compounds because their manufacturing methods are low volume and non-scalable. This has created a significant gap in the market and presents a tremendous growth opportunity for companies designed to seize it. This is where Pure Extracts steps in.

Pure Extracts provides high-grade extracts for functional mushroom products such as tinctures and soft gels with the plan to roll out beverage formulations, nasal and oral sprays, as well as psilocybin extracts by H1 2021 H1 2021 (http://ibn.fm/Jxe5m). Determined to leverage the momentum of the psychedelic and functional mushroom industries as one of the fastest-growing sectors in North America, Pure Extracts represents a unique value proposition in this expanding sector that requires extraction for product development.

With its proven expertise and EU Good Manufacturing Practices (“GMP”) designed facility for licensed extraction, Pure Extracts offers a clear competitive advantage. In a space where product purity is equal to product quality, the Company employs the most technologically advanced equipment required for full-spectrum CO2 extraction, a novel process for extracting the essence of the source material where the gas helps to extract oils of high-grade purity from the biomass. As the first of its kind, Pure Extracts is a nationally recognized brand that leverages five years of volatile plant molecule extraction experience and expertise in creating a number of successful CPG products with proven processes for delivering superior extracts.

Pure Extracts has ambitious plans to leverage its competitive advantage beyond North America and place itself as an extraction manufacturer of choice for functional and psychedelic medicine companies across the world. The company plans to apply for a Dealer’s License with Health Canada, which will enable it to produce extracts of the highest quality for clinical trials in an EU GMP environment, fueling its overseas expansion.

In addition, Pure Extracts’ location within the highly regarded Canadian regulatory framework allows for easy export from Canada to destinations across the world. This enables the Company to position itself as a natural international partner for psychedelic and functional product companies looking for pharmaceutical-grade psilocybin for their clinical trials and research.

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

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

InsuraGuest Technologies, Inc. (TSX.V: ISGI) Records Most Profitable Month Ever Despite Industry Challenges Posed by Pandemic

  • The company continues to make progress toward its mission to harness the power of technology to reinvent insurance
  • Hospitality Liability coverage is an added layer of protection, allowing guests to feel safer and hotel and vacation rentals to lower their risk and claim ratios
  • Further penetration of the vacation rental industry, which booked revenue of $57 million in 2019 and boasts a growth rate of 6.9%, provides the company with tremendous growth potential

InsuraGuest Technologies (TSX.V: ISGI), a company that’s disrupting the insurance landscape by utilizing its proprietary software platform to deliver digital insurance to multiple sectors, announced that its hospitality division, InsuraGuest Hospitality, recorded the highest month of revenue since inception, according to a company press release (http://ibn.fm/0oM4Z).

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 API 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 company continues to make progress toward its mission of harnessing the power of technology to reinvent insurance despite the significant challenges presented by COVID-19 and the resulting devastation the virus has levied upon the hospitality industry as a whole, the news release stated.

“Despite the COVID-19 pandemic, we are seeing an increase in hotel stays during July and as a result our hospitality division is having its best revenue month since we opened our doors,” said InsuraGuest CEO and Chairman, Douglas Anderson. “Our hotel members are creating safer environments for their guest’s visits, and they are seeing first-hand the value InsuraGuest brings by inserting our Hospitality Liability coverages as a layer of protection when a guest experiences an accident or theft. This allows the hotel to lower their risk ratio, lower their claim ratio, and remove their Med-Pay, thus helping them save money on their current General Liability policy.”

In July, the company partnered with Hostfully, a provider of end-to-end vacation rental property management software. InsuraGuest Hospitality Liability coverage can now be purchased by Hostfully’s client base of more than 2,500 vacation rental property managers. After opting in to InsuraGuest within Hostfully, clients can use the InsuraGuest Hospitality Liability coverage to address claims made by guests on a primary basis.

Hostfully is a complete property management platform that helps vacation rental property managers increase bookings and boost revenues. By streamlining the workflow and simplifying daily operational needs of vacation rental businesses, Hostfully empowers property managers with an affordable and easy-to-use solution. The company was named ‘Best All-Around Vacation Rental Software’ by VRMB Keystone Awards in 2019.

The growth potential in the vacation rental sector is encouraging for InsuraGuest’s investors. 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/SyPYv).

Europe’s hospitality market is more than double the market size in the United States, indicating room for significant growth potential in serving hotel and vacation rental guests with InsuraGuest’s insurance platform.

InsuraGuest Technologies is an insurtech company that is disrupting 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.

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

Cybin Corp. Enters Feasibility Agreement to Develop Fast-Acting Psilocybin Film

  • Agreement with leading drug-delivery company outlines plans to develop fast-acting, orally dissolving film for delivery of pharmaceutical-grade psilocybin
  • Cybin CEO notes that systemic bioavailability of film is projected to be high
  • Cybin focused on developing fungi-derived psychedelic, medicinal products to treat mental illness, other health conditions
Cybin Corp. announced that it has entered into a feasibility agreement with IntelGenx Corp., a leading drug-delivery company focused on the development and manufacturing of pharmaceutical delivery films (http://ibn.fm/TZeVy). The agreement outlines plans for the two companies to develop a fast-acting, orally dissolving film for the delivery of pharmaceutical-grade psilocybin. “We at Cybin are proud to be working with IntelGenx to develop a fast-acting psilocybin film,” said Cybin’s Chief Medical Officer Dr. Jukka Karjalainen. “Compared to oral psilocybin capsules, which are subject to variable intestinal absorption and high first-pass metabolism in the liver, the systemic bioavailability of orally-dissolving psilocybin film is expected to be quite high. In addition, the dose of psilocybin administered by an orally dissolving film is expected to be a fraction of what is required in oral capsules. Taken together, these features have the potential to increase both the safety and efficacy of psilocybin when administered in this manner.” Subject to receipt of all necessary regulatory approvals, the agreement allows both companies to capitalize on their strengths while partnering with a recognized expert in the space. Cybin is a mushroom life-sciences company focused on offering psychedelic and nutraceutical-based products. IntelGenx is recognized for its superior film technologies, including VersaFilm(R) and VetaFilm(TM), as well as its transdermal development and manufacturing capabilities. “Cybin’s intention with an orally dissolving psilocybin film is to bypass the digestive system, which will provide faster-acting relief for individuals with anxiety disorders who require more immediate symptom relief,” noted Cybin CEO Paul Glavine. According to IntelGenx CEO Dr. Horst G. Zerbe, the partnership “exemplifies both the versatility and clinical advantages of our VersaFilm(R) technology platform. In addition to offering patients a convenient method of administration, our technology offers superior drug bioavailability, which decreases both the amount of active pharmaceutical ingredient required per dose, as well as time to onset of action, which are paramount when treating distressing conditions such as anxiety. We are looking forward to working with Cybin to realize these potential benefits for patients struggling with mental health disorders.” 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

Mobius Interactive Ltd. is “One to Watch”

  • Mobius Interactive is an online gaming operator with a stable of three differentiated brands, which are set to simultaneously launch in September 2020.
  • The company’s management team has handled the launch of over 30 successful products within the last three years.
  • Mobius has partnered with award-winning iGaming platform Ultra Play to serve as the core technological backbone for its online gaming operations.
  • The company boasts a number of differentiating factors, including over 600 affiliate partners, deep management expertise within the eGaming segment and real-time CRM systems.
  • A partnership with Puurl is expected to allow Mobius to bring online gaming into the e-commerce space.
  • Mobius Interactive Ltd. is an online gaming operator launching in September 2020 with a variety of unique offerings catering to diverse demographic groups. In partnership with Ultra Play, a leading eSports and iGaming platform, Mobius Interactive is seeking to attract a network of high-net-worth gamers from around the world through the use of loyalty and gamification programs designed to enhance customer engagement by leveraging state-of-the-art customer relationship management systems and joint-ventures with over 600 VIP and Master gaming affiliates.

Array of Brands

Mobius Interactive is seeking to target a variety of customer segments and geographies through its diverse brand offerings, including:

  • Aragon Casino: Austria, Finland, the Balkans, Canada, Africa and New Zealand
    Catering to consumers aged 21 to 45, Aragon Casino brands itself along the lines of medieval fantasy, mimicking elements from the likes of The Walking Dead and Game of Thrones.
  • Club Double: Austria, India, Brazil, Finland, Canada, Africa and New Zealand
    Targeting the 30 to 65 age demographic, Club Double is designed to exude a classic yet magical old Hollywood and vintage Miami & Las Vegas air.
  • MobiusBet: Germany, Austria, Switzerland, Brazil, Latin America, New Zealand and India
    MobiusBet is designed to appeal to the 18- to 38-year-old eSports community, bringing together loyalty programs, targeted gamification and product merchandising in one seamless package.

Key Differentiating Indicators

Mobius Interactive has designed its platform with a number of key differentiation traits relative to its target market. These include:

  • The use of affiliates: Mobius Interactive has partnered with over 600 VIP and Master gaming affiliates, who will introduce high-value players to the company’s award-winning iGaming platform. Mobius added over 150 proven affiliates in Europe, Brazil, Finland and New Zealand over a period of just 20 days.
  • eSports Focus: Mobius.Bet, Mobius Interactive’s dedicated eSports hub, will cater to the quickly growing eSports segment, which is expected to rise to a value of $1.7 billion in 2021. With Mobius’ COO being one of the original founders of the eSports.com brand, the company aims to capitalize on this growing segment of the gaming industry.
  • Customer Relationship Management (“CRM”): Mobius has partnered with Solitics, a new and real-time CRM system, enabling the company to personalize customers’ gaming experiences in an interactive and highly intelligent manner.
  • Loyalty & Gamification: Mobius Interactive is set to introduce a unique loyalty and gamification program designed to increase customer engagement from signup. Loyalty and gamification programs have been proven to increase daily active wagering volumes by 30% while simultaneously increasing daily player activity by 60%. Furthermore, the introduction of these programs can help lower the company’s customer acquisition costs while adding a differentiating element to its platform.

Partnership with Puurl

Puurl provides a solution that embeds eGaming platforms into any existing online e-commerce store. First, shoppers can install the Puurl add-on to their browsers. Then, when visiting their preferred e-commerce stores, players will be prompted to bet, with the potential to win the products they’re browsing. The Puurl solution enables e-commerce operators and eGaming platforms to earn additional gambling revenues – even when their players are shopping. Through its partnership with Puurl, Mobius Interactive will look to add a unique revenue stream to complement its core business operations.

Management Team

Lynn Pearce, CEO, is an experienced, data-driven, commercially focused, strategic brand marketer with over 15 years of proven success in the global gaming industry, from land-based casinos in the UK to online gaming companies offering sports betting, poker and casino games. She was head-hunted to join a startup in Prague that launched 26 casinos, becoming profitable within the first three months of operation, before she relocated to Malta to join a leading B2B casino software development company as head of marketing, where she led global marketing, PR, product development, branding and go-to-market campaigns, retaining full control of a six-month budget of €1 million to increase brand awareness and customer engagement. She recently returned to the B2C side of gaming to launch three new brands in Germany, Brazil and India. She writes articles regularly for Infinity Gaming Magazine and has been a judge for the prestigious International Gaming Awards, a significant event for the gaming industry held each year prior to the largest gaming exhibition of the year, ICE London.

Robin Lawson, Vice President & COO, has been involved in iGaming for over 10 years, successfully founding two VIP casino departments across international locations in Latin America, as well as startup company Tabella in Europe. He most recently co-founded and acted as COO for eSports.com, which raised over $5.5 million as a startup ICO and was sold to German media giant ProSieben. Lawson is also a senior iGaming consultant for startup casino groups and an advisor to blockchain-based tech groups. His long-time experience and proven track record in startup organizations demonstrate his operational leadership skills.

Nicholas de Freitas, Vice President, Marketing, is one of the pioneers of digital stills photography for major retail companies in Africa and Australia. He left to start up UrbanActive, an outsourcing agency, working as marketing project manager and implementing major retail projects. He received his certification in digital marketing from the University of Stellenbosch. He has worked over the past few years as the marketing manager for various poker rooms and casinos, liaising and building relationships with software developers, successfully implementing a number of casino and poker products and holding regular weekly report sessions with the heads of all divisions of the company, spanning South Africa, Canada, Malta, Norway and Costa Rica.

Gary Eldridge, Chairman, is an experienced entrepreneur with a history of working in the venture capital and private equity industry. He is skilled in capital markets, M&A and funding startups and is a strong business development professional. For the past 30 years, he has created and managed numerous public and private companies in Canada, the U.S., Amsterdam, London, Zurich, Dusseldorf, Singapore and Panama. In addition to holding the role of chairman of the company, Eldridge is acting as a mentor to the team, assisting with the financials and structure of the company while allowing the team to be fully focused on Mobius’ growth and operations.

For more information, visit the company’s website at www.MobiusInteractive.ltd.

InsuraGuest Technologies Inc. (TSX.V: ISGI) Continues to Expand Reach of Insurtech Product Offering Within Hospitality Sector

  • InsuraGuest will now offer its Hospitality Liability coverage to Hostfully’s more than 2500 clients.
  • Further penetration of the vacation rental industry provides the company with significant growth potential
  • The company has been and plans to continue diversifying product offerings through its insurtech software to specialist sectors

InsuraGuest Technologies (TSX.V: ISGI) continues to make progress toward the company’s mission to harness the power of technology to reinvent insurance. Through its wholly owned U.S. Hospitality subsidiary InsuraGuest, the company has gone live with end-to-end vacation rental property management software provider Hostfully. The company announced this partnership in at the end of July 2020 (http://ibn.fm/JWvHL).

According to the company, InsuraGuest Hospitality Liability coverages are now available for purchase by clients of Hostfully. After opting in to InsuraGuest within Hostfully, clients can use the Hospitality Liability coverages to address claims made by guests on a primary basis. 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.

Hostfully is a complete, end-to-end property management platform that helps vacation rental property managers increase bookings and boost revenues. By streamlining the workflow and simplifying daily operational needs of vacation rental businesses, Hostfully empowers property managers with an affordable and easy-to-use solution.

InsuraGuest Chairman and CEO Douglas Anderson said his company was excited about the partnership with Hostfully, who won the ‘Best All-Around Vacation Rental Software’ award from VRMB Keystone Awards in 2019. “We are excited to launch our Hospitality Liability coverages in the vacation rental sector through the Hostfully property management system, and to their 2,500 clients,” Anderson added.

The growth potential in the vacation rental sector is encouraging for InsuraGuest’s investors. 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 vacations rentals offer (http://ibn.fm/MnTml).

The partnership with Hostfully comes as InsuraGuest is 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. InsuraGuest expects to fully launch this new product offering to U.S. markets by the third quarter of 2020 (http://ibn.fm/jlzHS).

ITP will be powered by InsuraGuest’s insurtech platform, which will digitally deliver BOP policies to 130+ class codes, including retail, wholesale, mercantile, office and business service classes. The BOP products will be available in all 50 states as well as the District of Columbia, where InsuraGuest Insurance Agency is licensed to sell insurance.

The BOP products will be available to companies with sales of up to US$6 million per location, maximum occupancy of 35,000 square feet and a minimum annual premium of US$250. ITP will begin its BOP offering by including:

  • Property coverage for building and business property, business income and extra expenses.
  • Enhanced equipment breakdown (including micro-circuity).
  • General liability.
  • Employment practices liability.

Once launched, ITP expects to add coverages like Blanket Additional Insured, employee benefits liability, hired and non-owned auto, liquor liability, miscellaneous professional liability, scheduled property floater, cyber risk, workers’ comp, errors and omissions, and directors’ and officers’ coverages.

Commenting on the new product offering, Anderson underlined that it has the potential to provide the company with multiple avenues of revenue and greater shareholder value. “We are taking digital insurance and reimagining it, reinventing it, and revolutionizing it by harnessing the power of our insurtech platform to deliver that digital insurance to multiple sectors,” he added.

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

Pac Roots Cannabis Corp. (CSE: PACR) Prepares to Close Massive Land Deal with Extensive Development Possibilities

  • Pac Roots expecting to close deal in September for acquisition of several parcels of land with no zoning restrictions, located in prestigious Fraser Valley
  • Company’s new indoor facility and 100-acre Hemp JV project in Rock Creek, B.C., with preliminary results suggesting successful fall harvest, make this ideal time to acquire land in Fraser Valley
  • Future development of elite CBD and THC strains and company’s overall hemp and cannabis infrastructure have tremendous potential thanks to company’s strategic genetic licensing partner, Phenome One

The Fraser Valley Regional District is one of the most productive and intensively farmed areas of Canada, with high-quality soil, favorable climate, water, and a local market of 2.5 million people. Agriculture in this region yields an annual economic value of more than $3 billion.

Pac Roots Cannabis (CSE: PACR) and its shareholders will own and control 250 acres of this land thanks to a share purchase agreement that was initiated in July with 1088070 BC. LTD. In accordance with the agreement, Pac Roots will soon acquire all issued and outstanding shares of 1088 (http://ibn.fm/jLI4u).

Following a 51-day due diligence period, the closing date for the transaction is scheduled for September 4, 2020. According to Pac Roots President and CEO Patrick Elliott, the addition of such a significant parcel of land is highly promising for the company.

“This land has no zoning restrictions and is not situated within the agricultural land reserve, which provides for infinite development possibilities,” Elliott stated. “The addition of such a substantial package of land to our portfolio is a major step for Pac Roots. We are pleased to have the opportunity to add significant acreage with an acquisitional cost base of $9,600 per acre.”

The Fraser Valley region of British Columbia is widely known as an agricultural and industrial hub for the province. The region generates the most significant annual farm income of any regional district in British Columbia. Despite rapid population growth in the region, agriculture has flourished and remains an essential part of the region’s economy.

The closing of this deal will be another addition to a significant pipeline of development projects for Pac Roots. A new indoor facility in the late stages of permitting and a 60% interest in a 100-acre Hemp JV project in Rock Creek, B.C. make this the ideal time to acquire the land in Fraser Valley.

Pac Roots is in the process of completing its 20,000 square foot cultivation facility in Lake Country, British Columbia. The facility is expected to feature approximately 7,600 square feet of cultivation space that will enable the company to cycle through an elite line of high-grade cultivars.

A joint venture between Pac Roots and Rock Creek Farms enabled the planting of premium CBD hemp seedlings in a 100-acre growing space located in the famous “Golden Mile,” with preliminary results suggesting a successful harvest in fall 2020 (http://ibn.fm/brN9P).

“Between the Fraser Valley and Rock Creek, B.C., which both rank at the top of the charts for outdoor agricultural producing regions in the Country, Pac Roots is extremely well positioned for production and future development of hemp and cannabis infrastructure,” said Chad Clelland, a member of the company’s Board of Directors. “We are both privileged and proud to be involved in these exciting programs, which will undoubtedly add accretive value to our company and to our shareholders.”

Pac Roots is also well positioned for production and the future development of its hemp and cannabis infrastructure through its strategic genetic licensing partner, Phenome One.

Phenome One provides access to a large genetic library of suitable cultivars for the west coast outdoor climate which have been field tested over the past three years. This program has showcased some of the elite CBD and THC strains that thrive in the wetter, milder outdoor conditions. The strains generate unexpectedly high yields while demonstrating environmental resiliency.

According to Elliott, the lack of superior cannabis genetics, expertise and growing conditions have been plaguing the industry in producing a premium product for the market. With the partnership with Phenome One and the access to their extensive genetic library, Pac Roots is extremely well positioned to deliver the best in industry quality and throughput to the consumers with a pipeline of scalable development properties in the portfolio, he added.

For more information on Pac Roots Cannabis Corp., 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

SRAX Inc.’s (NASDAQ: SRAX) Sequire Platform Proof Positive of Company’s Relevance in Today’s Changing Markets

  • Sequire now available as free mobile app, gives SRAX clients benefits of entire platform
  • With mobile app, companies can monitor behaviors, contributions of investors anytime and anywhere
  • Since its release, Sequire has surpassed 500,000 active investors and traders, sales have exceeded $2.5 million

In a world transformed by a worldwide epidemic, companies that offer flexible services and options that support new ways of doing business appear to be ideally positioned for success. With Sequire, SRAX Inc. (NASDAQ: SRAX) has honed in on precisely what today’s public businesses are looking for. The proprietary investor intelligence and communications platform provides an intuitive, virtual method for companies to monitor retail and institutional investors as well as activate media campaigns to engage existing investors while attracting new ones — and the newest additions to the platform illustrate how effective SRAX is at adapting to a world that is moving online.

Originally available as a computer app, Sequire is now also available as a mobile app and can be downloaded for free on the App Store and Google Play (http://ibn.fm/gwBNW), allowing SRAX clients to enjoy all the benefits of the entire platform regardless of where they are. With Sequire, businesses can unlock stock buyers’ behaviors and trends; manage and monitor return on investment from investor relations programs and corporate communications firms; and engage current and potential stock buyers at their trading desks, investor events or at home on both desktop or mobile.

“We are thrilled to launch the Sequire mobile app enabling our clients to now monitor their investors’ behaviors and their contributions anytime and anywhere,” said SRAX CEO and founder Christopher Miglino. “We’ll also be launching more exciting mobile features in the next few months, so stay tuned.”

Clear evidence of SRAX’s ability to recognize what today’s market demands is the success of the platform. Since its release, Sequire has surpassed 500,000 active investors and traders while sales have exceeded $2.5 million in Q2 2020 (http://ibn.fm/5RIyk), In addition, the addition of Sequire’s relatively new Virtual Roadshow, which allows companies to host one-on-one or one-to-many video and audio meetings (http://ibn.fm/jnQSx), shows how nimble and relevant the company can be.

With virtual communication deemed an essential component of today’s business operations, the Virtual Roadshow provides a safe, effective way for companies to present their stories to new shareholders, offer quarterly and annual updates to existing shareholders, and reach out to a wide range of individuals and entities.

“The ecosystem for investor events will be changed forever after the current environment,” said Miglino. “Investors and issuers will no longer need to meet in person. New technologies are providing the tools that issuers need to meet with current and prospective investors. The organizers of these events are the cornerstone of the industry and our system will allow for them to create their own events on the platform and profit from letting issuers invite investors from proprietary lists to the issuers roadshows. Video is the future of investor communication, and we are thrilled to add this feature to the platform.”

SRAX’s technology unlocks data for brands in the CPG, investor relations, luxury, and lifestyle verticals. Through its various platforms, SRAX is monetizing its data sets and growing multiple recurring revenue streams. In addition to BIGtoken, the company offers Sequire, a premier platform for investor intelligence and communication. Through Sequire, public companies can track their investors’ behaviors and trends and use those insights to engage current and potential investors across 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

Trxade Group, Inc. (NASDAQ: MEDS) to Present at LD Micro’s LD 500 Virtual Conference

  • The exclusively online LD 500 event is expected to gather more than 300 companies and 20,000 attendees in early September
  • Trxade reported record revenue in Q2 2020 and expects a strong second half of the year
  • If telemedicine services maintain popularity, market analysts project a seven-fold increase for the industry by 2025
Trxade Group (NASDAQ: MEDS), an integrated drug procurement, delivery and healthcare platform, will present at the virtual LD 500 in early September to an expected online audience of more than 20,000.The event is organized by LD Micro, an independent resource to the microcap world, which started off as a newsletter highlighting unique companies and has transformed into the pre-eminent event platform in the space. The upcoming LD 500, taking place September 1st-4th, 2020, is the company’s most ambitious project yet, and the first event that can be accessed by anyone. It is expected to feature over 300 companies and more than 20,000 attendees, according to LD Micro President Chris Lahiji. “For the first time in ten years, we were unable to host our mid-year conference, which caused us to dream up the LD 500,” stated Lahiji. “While the economy and financial world have been turned upside down, investor interest is as high as we have ever seen, and we will have something for everyone.” This news comes on the heels of Trxade Group reporting record revenues for the second quarter of 2020 and projections for a strong second half of the year. According to a company announcement, revenues increased 244% to a record $6.6 million, compared to revenue of $1.9 million in the same quarter last year. Second quarter revenue was up 199% when compared to revenues of $2.2 million in the first quarter of 2020 (http://ibn.fm/wCopy). “As we move through the second half of 2020, we are better positioned than ever to execute upon our vision of continued growth of the platform, driven by new independent pharmacies, new suppliers and distributors,” Chairman and Chief Executive Officer Suren Ajjarapu said. The revenue surge was primarily due to a significant increase in personal protective equipment (“PPE”) sales by the company’s Integra Pharma segment in response to the COVID-19 pandemic. During the COVID-19 crisis, telehealth services have rapidly expanded. As a result, the company has been working to raise awareness of its supply chain trading platform that includes medical consultation and prescription drug solutions. As the spread of the novel coronavirus unexpectedly reached pandemic proportions and triggered the need for infection-fighting policies, Trxade Group has developed measures to help patients and providers continue to access resources through a virtual environment that is safe from contagion. If telemedicine services maintain popularity with patients, and insurance providers continue to be responsive to reimbursing telehealth claims, market analysts at McKinsey & Company forecast a $250 billion telehealth market (http://ibn.fm/MZqNY) while Frost & Sullivan projects a seven-fold increase in telehealth by 2025 (http://ibn.fm/2x5DG). Headquartered in Tampa, Florida, Trxade Group, Inc. is an integrated drug procurement, delivery and healthcare platform that fosters price transparency, thereby improving profit margins for both buyers and sellers of pharmaceuticals. The company operates across all 50 states with the central mission of making healthcare services affordable and accessible. Trxade operates via four synergistic platforms: (1) B2B trading platform with 11,725 registered pharmacies; (2) Integra Pharma Solutions, the company’s virtual wholesale division; (3) Bonum Health which offers affordable telehealth services; and (4) the DelivMeds app, a nationwide mail order delivery distribution network for independent pharmacies. 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

Sustainable Green Team, Ltd. (SGTM) Upgrades Operations, Anticipates Increased Revenue from Heavy Hurricane Season

  • SGTM adds grapple hauling trucks to its fleet, each projected to generate over $400,000 in gross revenue
  • Experts predict very active 2020 hurricane season in Florida
  • Recent construction upgrades to production facilities expected to increase mulch manufacturing capability by 4 million bags per year
  • Incremental revenue expected to add substantially to SGTM’s impressive Q1-2020 results of $6.2 million in revenue, $1.7 million in gross profits

Sustainable Green Team (OTC: SGTM), a leading provider of environmentally-beneficial solutions for tree and storm waste disposal, recently added new grapple hauling trucks to its fleet as part of the company’s strategy focused on expanding its vertically integrated operations. Through its subsidiaries, SGTM transforms natural waste created by hurricanes, ice storms and floods into useful organic products that benefit the environment through tree services that include debris hauling, biomass recycling, waste removal, mulch manufacturing, packaging and sales, and the production of playground surface material.

SGTM’s strategic move to purchase the grapple hauling trucks coincides with expert predictions forecasting a very active storm season in Florida for 2020 (http://ibn.fm/vNvdC), necessitating the need for the company to upgrade its fleet in preparation for the increasing demand for tree recovery/collection services. The grapple hauling trucks also represent a key investment for other SGTM operations, with each projected to generate over $400,000 in gross revenue with a capacity to haul up to 1,250 loads and recover roughly 50,000 cubic yards of feedstock material.

“Some great benefits of the use of grapple truck hauling are collecting revenue and building our feedstock for our rapidly growing mulch manufacturing business,” said SGTM CEO and director Tony Raynor in recent statements (http://ibn.fm/52sFf). “Getting paid for your feedstock in the mulch business is a recipe for success and great profit margins. Another great advantage to owning a fleet of grapple trucks is they are one of the most efficient ways to collect storm debris after a hurricane, flood or ice storm. Storm recovery is a multibillion-dollar business, and we are prepared to help in any cleanup process.”

SGTM’s vehicle investment builds upon the company’s expansion efforts that have also included recent construction upgrades to its waste management landfill facility. Besides increasing its mulch manufacturing capability by 4 million bags per year, the company recently entered the playground resurfacing material market last July through a certification earned by the International Play Equipment Manufacturers Association (“IPEMA”). The incremental revenue expected from these activities is expected to enhance the company’s already-impressive earnings from the first quarter of 2020—figures that include revenues of over $6.2 million and gross profits of over $1.7 million (http://ibn.fm/2R7S2).

SGTM operates with a mission of sustainability and commitment to the environment – primary factors behind the company’s July 2020 rebranding, which included a name and ticker change from National Storm Recovery Inc. (OTC: NSRI) to Sustainable Green Team, Ltd. (OTC: SGTM). The company takes its role as a “steward of the environment” seriously, driving its mission forward by providing synergistic and environmentally beneficial solutions that transform tree and storm waste disposal into attractive, environmentally beneficial organic products – all while providing value to shareholders and servicing their growing client roster that includes commercial businesses and government agencies.

To learn more about this company, view the investor presentation at http://ibn.fm/NssTC

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

Electric Sports Car Manufacturing Coming to Washington State Via Proposed Merger Between Net Element Inc. (NASDAQ: NETE) and Mullen Technologies

  • Mullen Technologies plans to open electric vehicle manufacturing facility in West Plains via proposed merger with NETE
  • Reverse merger will give Mullen stakeholders majority in newly formed company while accelerating process of taking Mullen public
  • Proposed 1.3 million square foot manufacturing facility is expected to create up to 4000 jobs by 2026

Mullen Technologies (“Mullen”) plans to bring electric vehicle (“EV”) manufacturing to West Plains, Washington through a proposed merger with Net Element (NASDAQ: NETE), a global technology group based in Miami that operates electronic payment services.

While still in its planning stages, the new EV manufacturing facility will comprise 1.3 million square feet of assembly and manufacturing space. A total of nearly 4000 jobs are expected to be created that include 55 at startup, 863 by 2026, and an additional 3,000 from the research and development of lithium-ion batteries through Mullen’s subsidiary company, Mullen Energy.

“We believe the timing of this merger is ideal for Mullen Technologies,” Mullen CEO David Michery said in recent statements (http://ibn.fm/b0ZoJ). “It comes on the preparation of our launch of the Dragonfly K50, which will be available in (the second quarter) of 2021 through our retail network in California and Arizona, and the development of a new EV model, the MX-05 Sport Utility Vehicle.”

Electric vehicle sales have grown substantially in recent years due to the falling prices of EV batteries, changes in fuel regulations and electric vehicle mandates in countries like China, which is expected to account for almost half (48%) of all passenger car sales in 2025, according to research by BloombergNEF (http://ibn.fm/LDvxf). Besides taking over most of the global passenger market by 2040, the report also predicts that electric vehicles will dominate municipal bus sales by 81% while taking 56% of light commercial vehicle sales and 31% of the medium commercial market.

Plans for the West Plains manufacturing plant are expected to accelerate following the merger, anticipated to occur in the third quarter of 2020. Pending stockholder and NASDAQ approval, the reverse merger between the companies will allow the stakeholders of Mullen Technologies, a privately held company, to acquire a majority of the stock in the newly formed company while accelerating the process of taking Mullen public and expanding its manufacturing operations.

NETE helps businesses of all sizes deliver innovative, virtually seamless payment systems with services that also include marketing solutions and business analytics.  Ranked by Deloitte in 2017 and 2018 as one of North America’s 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies, NETE credits its progression to organic growth in its North America transactions segment.

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

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