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Trxade Group Inc. (NASDAQ: MEDS) To Present 2nd Quarter Financial Report Amid Pandemic-driven Growth in Telehealth Services

  • Pharmaceutical and health care services company Trxade Group Inc. is enjoying growing attention as it continues to roll out remote-access medical solutions that are suited to the ongoing COVID-19 pandemic and the need to prevent virus transmission
  • The company will announce its second quarter financial report July 27 following the close of markets that day
  • Telehealth claims to private insurers have grown by 4,347 percent year-over-year during the past few months in which the pandemic has swept the planet
  • Trxade Group’s introduction of the Bonum Health Hub and online pharmaceutical ordering and delivery services has driven the company’s customer responsiveness during the pandemic
  • The company’s core focus has been to sustain independent pharmaceutical and health care providers by helping them gain access to transparency in drug pricing and other aspects of business so they can be competitive with larger chains

Pharmaceutical services provider Trxade Group (NASDAQ: MEDS) has seen its star rising during recent months while working to raise awareness of its medical consultation and prescription drug solutions. As the spread of the novel coronavirus unexpectedly reached pandemic proportions and battered world economies with its infectious spread and the resulting infection-fighting policies, Trxade Group has advanced measures that help patients and providers continue to access resources through a virtual environment safe from contagion.

On July 27, Trxade Group’s management will host a conference call following the close of trading at 5 p.m. EDT to discuss the company’s 2020 second quarter financial results, which will conclude with a Q&A opportunity for participants. Details published by the company provide phone-in numbers for U.S. and international participants as well as the conference ID and the address for the webcast (http://ibn.fm/hTZJs).

A playback of the conference call will be available through Aug. 27, as will the webcast. The webcast will also be accessible under the company website’s investor relations heading.

Trxade Group uplisted to the Nasdaq exchange earlier this year (http://ibn.fm/01GnB) and last month it gained inclusion on this year’s Russell’s Microcap Index (http://ibn.fm/lH3UN), measures that are helping to raise the company’s profile within the investment community. Investment services firm Taglich Brothers, Inc. has begun providing coverage to Trxade through its research division as well to create and distribute research reports on the company and its market (http://ibn.fm/2EcWN).

Even before the emergence of the pandemic, Trxade Group was introducing and bolstering services that help small, independent pharmacies to shop competitively for medications, patients to have those medications delivered promptly and safely without the need for traveling to a pharmacy, as well as medical providers to be accessible through smart-tech secured telemedicine applications.

Strategic acquisition of Internet drug outlet company Community Specialty Pharmacy, LLC, (http://ibn.fm/wXTOK) and Bonum Health (http://ibn.fm/BMKiC) has allowed the company to lay the groundwork for an increased demand on telehealth services.

During the COVID-19 crisis, telehealth services have seen astronomical expansion. Telehealth claims to private insurers have grown 4,347 percent year-over-year (http://ibn.fm/dD2oy), CVS Health saw 600 percent growth in telehealth and virtual visits through its MinuteClinics in the first quarter of 2020 (http://ibn.fm/Zl83M), Blue Cross and Blue Shield of Tennessee saw 50 times more telehealth visits in May compared to their normal amount (http://ibn.fm/2P1Cd) and Blue Cross of Idaho processed more than 90,500 telehealth claims between March and June, with telehealth now representing more than one-quarter of all claims (http://ibn.fm/gpdww).

If the telemedicine services remain popular with patients and insurance providers continue to be responsive to reimbursing telehealth claims, market analysts at McKinsey & Company forecast a $250 billion market (http://ibn.fm/C5J8m) while Frost & Sullivan projects a seven-fold increase by 2025 (http://ibn.fm/RwJeh).

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

PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Sees Promise of New Revenue as Auto Loan Program Launches

  • PowerBand Solutions has begun reporting new revenue in the wake of its launch of auto loan origination in Texas and Florida this month
  • The company expects to expand its lending program to California and other markets nationwide in the near future
  • PowerBand Solutions is a fintech innovator whose responsive online platform promotes auto purchases through a utility that facilitates financing and inventory paperwork, vehicle inspections and auction negotiations as well as the monetary transaction
  • As the online sales network grows nationwide, it shows the company’s capacity to respond to unforeseen calamitous market forces such as the global COVID-19 pandemic, which has hindered face-to-face transactions

PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) is rapidly emerging as a fintech innovator singularly equipped to help car and truck buyers nationwide complete purchases through an online platform that emphasizes a simplicity, speed, and cost-efficiency never before available through a virtual auto sales network.

On the heels of its July 13 announcement that its U.S. leasing division, MUSA Auto Finance, LLC, would begin originating auto loans in Texas and Florida (http://ibn.fm/x2fGu), PowerBand Solutions is confirming that the company has begun generating revenue from lease originations in those markets and that the company will soon expand its lease programs to California and other markets across the United States.

“I’m happy to report that our virtual transaction system is working as planned and completing leases and financing in the United States,” PowerBand CEO Kelly Jennings stated in a July 16 update (http://ibn.fm/K68l1). “The Company has made considerable and carefully targeted investments in our virtual transaction platform. … I thank our strategic partners and investors for their support, and am proud that we are now offering people a way to acquire and sell a vehicle from any location, as easily as you can now buy a product from Amazon on your smart phone.”

The news also provides confirmation that consumers continue to invest in the auto industry despite economic difficulties brought on by a a global pandemic that has seriously wounded marketplace vitality, described as “the largest economic shock the world has experienced in decades” (http://ibn.fm/CvCzY).

The company’s platform has helped sellers and consumers continue to interact with each other easily during the pandemic era despite restrictions on face-to-face transactions in order to reduce infection. The platform streamlines not only the transfer of money but also financing and inventory paperwork, vehicle inspections and auction negotiations, and does so through virtual connections.

The loan origination was made possible thanks to a $300 million funding agreement with a national financial institution chartered with the federal government.

Jennings reported that PowerBand finds itself well positioned to achieve ongoing revenue growth this year and in the years to come in spite of the market obstacles caused by the pandemic.

The company states it has also issued 76,923 common shares to bring in an additional $11,538.45 through the exercise of warrants at a price of $0.15, raising its common shares total to 112,255,388 issued and outstanding. More than 23 million warrants and 12 million options create the potential for additional backing.

Total revenue for the first quarter of 2020 increased from $554,097 to $615,432 year-over-year, according to the company’s condensed interim consolidated financial statements filed with SEDAR (http://ibn.fm/sxNNM).

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

Predictive Oncology Inc. (NASDAQ: POAI) Finalizes Acquisition Deal Expected to Revolutionize Role of AI-Driven Predictive Models

  • POAI completes acquisition designed to accelerate commercialization of proprietary AI-driven drug discovery, development
  • Strategic move allows for one-of-a-kind, end-to-end ‘discovery machine’ that can rapidly generate potential therapeutic candidates
  • Company to offer new capability to pharmaceutical company customers in revenue-generating projects later this year

Predictive Oncology (NASDAQ: POAI), a knowledge-driven company focused on applying artificial intelligence (“AI”) to personalized medicine, has completed its acquisition of Quantitative Medicine (“QM”) (http://ibn.fm/vqmwL). POAI signed a letter of intent to acquire QM, a biomedical analytics and computational biology company, in January (http://ibn.fm/4iRTV). The strategic move should accelerate the commercialization of Predictive Oncology’s proprietary AI-driven drug discovery and development.

“This acquisition will enable us to further leverage our unique database of drug-response and genomics profiles that our subsidiary, Helomics, has gathered from more than 150,000 cancer cases over more than 10 years of clinical testing,” said POAI CEO Dr. Carl Schwartz. “Integrating QM’s proven machine-learning platform, CoRE, with our proprietary database of drug response and genomics profiles is expected to revolutionize the role of our AI-driven predictive models in the discovery and development of new anti-cancers.

“We will be able to more quickly understand how specific types of tumors react to cancer drug therapies,” Schwartz continued. “This will allow our customers to accelerate the development and commercialization of personalized patient treatments that dramatically improve patient outcomes. We intend to offer this new capability to our pharmaceutical company customers in revenue generating projects this year.”

Founded by Dr. Robert Murphy and Dr. Joshua Kangas, both of Carnegie Mellon University, QM has developed a novel, computational drug-discovery platform called CoRE. CoRE is designed to dramatically reduce the time, cost and financial risk of discovering new therapeutic drugs by predicting the main effects of drugs on target molecules that mediate disease.

“CoRE is a predictive model-building platform for drug screening and optimization campaigns that uses hybrid machine learning approaches to build predictive models rapidly and drive wet-lab experimentation,” said Schwartz. “Unlike the approach of many AI companies working purely ‘in silico,’ our approach will unite the CoRE approach with our PDx tumor-profiling platform and tumor-data database, allowing for a one-of-a-kind, end-to-end ‘discovery machine’ that can rapidly generate potential therapeutic candidates in a cost-effective manner. Therapeutic candidates developed by this iterative AI and experiment cycle can be fast-tracked, since there will already be demonstrated activity in preclinical laboratory tests rather than just a computer model.”

The acquisition was completed in an all-stock transaction valued at approximately $1.8 million, Under the terms of the purchase agreement, POAI issued 954,719 shares of common stock at a valuation of $1.833 per share.

POAI is bringing precision medicine, or tailored medical treatment using the individual characteristics of each patient, to the treatment of cancer. Through the company’s Helomics division, the company leverages its unique, clinically validated patient derived (“PDx”) smart tumor profiling platform to provide oncologists with a road map to help individualize therapy. In addition, the company is utilizing artificial intelligence and its proprietary database of over 150,000 cancer cases tumors to build AI-driven models of tumor drug response to improve outcomes for the patients of today and tomorrow

For more information, visit the company’s website at www.Predictive-Oncology.com.

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

SRAX Inc. (NASDAQ: SRAX) Set to Benefit as ‘Big Data’ Industry Grows to $229.4 Billion by 2025

  • SRAX Inc.’s BIGtoken platform provides big data insights, analytics derived from its over 16.7 million users
  • Big data is increasingly being used by companies, advertisers to adjust their business models, products to cater to customers’ rapidly changing wants and needs
  • SRAX has carried out targeted marketing campaigns for variety of large clients which have resulted in positive return on advertising spend
  • Recent study by MarketsandMarkets has estimated that Big Data industry will rise to $229.4 billion by 2025, implying growth of 65% over next 5 years

SRAX (NASDAQ: SRAX), a digital marketing pioneer focused on providing consumer data management services, has long been focused on helping consumers gain control over and monetize their digital data footprints. Through its revolutionary BIGtoken platform, which boasted 16.7 million users as of the end of the first quarter of 2020, SRAX enables its members to provide their advertisers with access to verified consumer data which can in turn help companies better reach and serve their audiences. Now, with a recently released study showing that the ‘Big Data’ market is set to grow from $138.9 billion in 2020 to $229.4 billion in 2025, implying a compounded annualized growth rate of 10.6% (http://ibn.fm/ZrNlF), SRAX’s commercial prospects look more promising than ever before.

Big data and its ability to depict online consumer behavior have long been used by companies seeking deeper insights into their customers. Netflix, the world’s largest video-on-demand streaming platform has been one of the early and most avid users of big data analytics. As early as 2009, Netflix famously launched a contest offering a prize of $1 million to the group which could come up with the best algorithm for predicting how customers would like a movie based on previous ratings. Today, the company’s film and TV show recommendation system is said to influence about 80% of the content which is streamed on the company’s platform (http://ibn.fm/wLziA). In this scenario, the use of big data analytics and the insights derived from Netflix’s hundreds of millions of users has allowed the company to tailor their content to match customer expectations, license or produce new movies and TV shows based on the expected customer response, and ensure that their marketing campaigns are resulting in an adequate return on advertising spend (“ROAS”).

SRAX’s BIGtoken platform has sought to capitalize on the growing demand for big data analytics through its broad user base as well as its extensive range of functionalities. Towards the end of 2019, the platform introduced the BIGtoken Lightning Insights functionality – a revolutionary tool which allows SRAX’s customers to instantly activate research and surveys about virtually any topic and pose it to BIGtoken’s extensive user base. Companies can choose to address their queries to BIGtoken’s extremely wide and diverse user base or opt to target extremely niche demographic and socio-economic sectors through the product’s over 25,000 points of segmentation and receive actionable audience insights within a matter of mere hours (http://ibn.fm/cDZYN).

The platform’s unique capabilities were recently highlighted during a campaign which the Company carried out for the Kraft Heinz Co. Through the use of SRAX’s BIGtoken tool, Kraft was able to launch a targeted marketing campaign which resulted in a 6.6% return on ad spend (http://ibn.fm/uIyNg). SRAX’s management highlighted the potential of their proprietary marketing solution by contrasting the Kraft campaign to those recently carried out by Walmart and Evite, which delivered flat and negative returns, respectively. Moreover, the company also revealed that the positive returns from the marketing campaign had prompted the client to subsequently follow through with a “really big purchase”.

With the use of big data increasingly becoming a priority for any advertiser, SRAX’s BIGtoken platform has devised a method by which it can provide its customers with near instantaneous and actionable intel on-demand, thereby allowing companies to forgo the oftentimes significant investment needed to create an in-house analytics team and rather focus their attention solely on transforming the data gleaned through BIGtoken into productive marketing campaigns.  With the big data industry set to nearly double in size over the next 5 years, SRAX and its proprietary platform seem well-positioned to benefit from the swelling tide of growth.

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

InsuraGuest Technologies Inc. (TSX.V: ISGI) Offers Unique Policy Protection, Joins Insurtechs on the Rise

  • InsurTechs Are Transforming the Insurance Industry with Digital Technologies
  • Just 3% of Insurtechs are Insurance Carriers
  • InsuraGuest Offers Digitized Insurance Policies for Hospitality & Business Risks
  • Business Owner Policy (“BOP”) Covers Risks for 130+ Class Codes, including Retail, Wholesale, Mercantile, Office and Business Services
  • Small business owners make up 99% of U.S. Businesses

The U.S. insurance industry isn’t much different now than when Benjamin Franklin’s Philadelphia Contributionship first opened its doors to the public in 1752. But that is changing as a new breed of insurers arises. Insurtechs are claiming bits of the life and health insurance terrain – and much more – according to Bain & Company, a development the private equity firm has described as “Insurtechs on the Rise.” One such is InsuraGuest Technologies (TSX.V: ISGI), which is offering coverage for hospitality and business risks. The company plans to expand its product line as demand for Insurtech policies increases. Its unique capabilities as a master general agent (“MGU”) put it at a decided advantage in the brave new world of digitized insurance now emerging.

The application of new technologies to the old business of insurance has thrown up a wealth of opportunity. It’s possible now to be in the insurance business without being an insurer. The global survey of 655 companies undertaken by Bain, which excluded China where digitized insurance is far more advanced than in the West, discovered that just 3 percent of Insurtechs were actually in the underwriting business (http://ibn.fm/MbVJX). Most Insurtechs (59 percent of the survey sample) are simply providers of hardware, software and analytics to the insurance industry. Another 38 percent is made up of distributors, including web-based comparison sites or marketplaces. But InsuraGuest is more than just a provider of digital technology to the insurance industry or an intermediary between the insurer and insured. The coverages its policies provide are administered by its own InsuraGuest Insurance Agency, which is licensed to sell all lines of insurance in all 50 states and the District of Columbia.

InsuraGuest launched its foray into insurance with the Hospitality Liability Policy, a supplemental insurance product for hotels, vacation rental operators, and similar establishments (http://ibn.fm/ucZfM). The policy is meant to cover the gap left by General Liability policies by addressing guests’ claims on a primary basis. For example, it is commonly assumed that accidents occurring on a property are automatically covered by the hotel or property owner’s insurance, but that’s not always true. Unless an accident is clearly the fault of the hotel, General Liability insurance may not cover a guest’s accident or theft, or if the claim is under the property’s deductible amount, the hotel or property owners may not want to file a claim.  Thus, InsuraGuest’s Hospitality Liability coverages address claims made by the guest on a primary basis.

With InsuraGuest’s Hospitality Liability coverages, property owners provide their registered guests with more comprehensive protection against the myriad of risks that may arise during their stay. The policy’s cost is automatically placed on the guest folio as a mandatory charge to protect the property from claims made by guests and their occupants if covered accidents or theft occur. The Hospitality Liability policy provides coverage for theft of personal property while in the hotel, as well as accidental medical expenses and accidental death and dismemberment, up to policy limits (http://ibn.fm/4G6nM).

Despite the enthusiastic response the Hospitality Liability coverages have received, InsuraGuest is not resting on its laurels. The company is now developing a new Business Owner Policy (“BOP”), which it expects to take to market by the Third Quarter of 2020. The BOP is being created with the needs of small business owners in mind and will serve over 130 class codes, including retail, wholesale, mercantile, office and business service classes. General liability class codes are assigned by underwriters as a way of classifying and grouping businesses by risk. Small businesses will be able to purchase the BOP online through a dedicated portal, www.InsureThePeople.com (“ITP”), now under development.

To start, the BOP will offer coverage for (i) building and business property, business income and extra expenses; (ii) breakdowns of equipment, including micro-circuitry; (iii) employment practices liability; and (iv) general liability protection, with occurrence limits that range from $300,000 USD to $2 million USD. Coverage for many other types of risks, including cyber risk, employee benefits liability, workers’ comp and others, will be added over time.

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

Sugarmade, Inc. (SGMD) Releases Numbers, Calls June ‘Breakout’ Month for BudCars Growth for ‘Every Single Metric’

  • SGMD’s BudCars sales topped more than $500,000; company grew for third consecutive month
  • ‘We did more business with more people and booked a significant jump in gross profits while holding our 47% gross margin level as volume increased,’ CEO reports
  • Company expects to close out first half of 2020 with a linear pace already at $6 million

Sugarmade (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, released June numbers for its burgeoning BudCars Cannabis Delivery Service. Of note in the report were sales that topped more than $500,000 and impressive growth for the third consecutive month.

“June was another breakout month for BudCars growth across basically every single metric important to gauging our progress,” said Sugarmade CEO Jimmy Chan. “Our pricing improved. Our average order improved. We did more business with more people and booked a significant jump in gross profits while holding our 47% gross margin level as volume increased. We look forward to continued breakout growth in July.”

The shareholder report included the following key items:

  • Total June BudCars sales totaled $502,903, a 36% increase in month-over-month sales growth, compared to May 2020 sales of $367,000
  • Total June BudCars gross profits of $228,000, representing 31% month-over-month growth, compared to May 2020 gross profits of $174,000
  • Average daily sales increased 41% month over month, reaching $16,763
  • Total customer tickets increased to 4,207, a 34% month over month increase over a 29% growth in May
  • Average customer order was $119.54, an increase of 2%.

The report noted that based on the company’s rapid BudCars expansion plans, it expects to close out the first half of 2020 with a linear pace already at $6 million in annualized run-rate for sales, with a second-derivative path pointing to an annualized revenue path above $21 million by year end. And these data-driven projections are for SGMD’s Sacramento hub only. “The company continues to believe this data provides meaningful insights for projecting performance at its Los Angeles hub following launch, which should contribute to significant further upside in second half 2020 financial performance projections,” the report stated.

In addition, SGMD is looking to grow BudCars through verticalization. Pending approval from the California Bureau of Cannabis Control, the expansion into cultivation would connect the dots and form a solid product and supply line from farm to delivery that would further cut costs and increase the profit margins (http://ibn.fm/T7F6r).

BudCars is a top-shelf cannabis retail business that offers same-day delivery of top-quality product. Customers can choose from edibles, flower, pre-rolls, vapes, tinctures and concentrate from dozens of premium brands. Once the selection is made and the purchase completed online, BudCars delivers to a customer’s front door on the same day.

Sugarmade Inc. is a product and branding marketing company investing in operations and technologies with disruptive potential. SGMD’s brand portfolio includes CarryOutsupplies.com, SugarRush(TM) and Budcars.com.

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

PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Makes Vehicle Purchase and Sale Possible with Only a Few Clicks or Swipes on a Smart Phone

  • Online automotive marketplace for buying, selling, financing, insuring new and used vehicles
  • 87% of Americans would rather avoid going to car dealer
  • 61% feel they are taken advantage of by dealers
  • PowerBand Auto Platform offers access to 18,000 Dealers, 1,500 finance sources
  • Sitting in comfort at home with no hard-sell sales rep provides satisfying platform experience

Now that PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) has launched its online vehicle marketplace, buying a vehicle has become a whole lot easier. Instead of a visit, filled with trepidation, to the local dealer, consumers can stay safely and comfortably at home and, in only a few moments, have the model they want. PowerBand’s marketplace is a digital, one-stop-shop that takes the hassle out of buying, selling, leasing and trading-in — and that’s not all.

The insurance and financing solutions available on the platform mean transactions take less time than with a brick-and-mortar dealer. The virtual marketplace also gives consumers easier access to inventory. And dealers benefit too; the platform provides a fast, cost-effective way to move product. The PowerBand Auto Platform is a comprehensive solution for manufacturers, dealers, lenders and consumers alike to engage in automotive transactions online. PowerBand is another instance of how digital technologies are disrupting established business models across the board.

Buying a vehicle the customary way is often fraught with peril. Sometimes the obstacle to getting a good deal are the buyers themselves, who may, for example, be focused on a single model. But oftentimes, the pitfalls occur in the dealership experience. Auto merchants are notorious for coming up with “deals” that lump together vehicle price, trade-in value, financing terms, etc., making it difficult to ascertain the real costs of a transaction. The result? Consumers end up buying a deal when all they wanted was to buy a car.

No wonder then that shopping for a vehicle is not a pleasant experience. An estimated 87% of Americans dislike the car dealership experience, with around 52% being anxious or uncomfortable while visiting a dealer. Moreover, some 61% believe a dealership will take advantage of them, and almost half, 49%, think they will be tricked into purchasing unnecessary add-ons.

In the automotive market, information asymmetry, where the dealer knows a lot more than the consumer, is the order of the day. Indeed, insights into how asymmetric information distorts markets of all kinds began in 1970 with a study of the automotive market, when Nobel Laureate George Akerlof published his seminal paper, “The Market for Lemons.”

The PowerBand Auto Platform takes a different approach, offering access to information, thus providing transparency as well as ease of use. And PowerBand is gearing up to do even more. In August 2018, PowerBand began integrating its online auction and used-vehicle marketplace with the technical services offered by TÜV NORD Mobility (http://ibn.fm/vsYYT). TÜV NORD is a German company whose main activities include independent vehicle inspections for private consumers, dealerships and OEMs. Almost year later, in July 2019, PowerBand acquired a 60% stake in MUSA Holdings, a fintech auto leasing company that is a Tesla Motors leasing partner (http://ibn.fm/e3gGe). The deal will expand PowerBand’s capabilities in vehicle acquisition, leasing, lending and auction services.

And in February 2020, PowerBand announced an agreement with RouteOne (http://ibn.fm/GyKDO). RouteOne is a joint venture between Ally Financial, Ford Motor Credit Company, TD Auto Finance and Toyota Financial Services, which specializes in providing financing and insurance solutions for automobile dealers and their customers. The alliance with RouteOne will give PowerBand users access to more than 18,000 automotive dealers and 1,500 finance sources. Now PowerBand users will have even a better chance of finding the right car at the right price.

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

Energy Fuels (NYSE American: UUUU) (TSX: EFR) To Benefit as House Committee Reveals Ambitious Climate Plan

  • House Select Committee unveils climate plan involving nuclear energy as essential in clean electric-energy production
  • Global uranium prices have risen 34% since March 1 amid significant production cuts
  • Energy Fuels uniquely positioned as leading U.S. uranium producer and recycler, set to capitalize on growing nuclear energy role
As the largest uranium miner in the United States, Energy Fuels (NYSE American: UUUU) (TSX: EFR) is poised to capitalize on the government’s recent push for nuclear energy. On June 30, the U.S. House Select Committee on the Climate Crisis released an action plan titled “Solving the Climate Crisis: The Congressional Action Plan for a Clean Energy Economy and a Healthy, Resilient, and Just America” that calls for net-zero greenhouse gas emissions by 2050, and net-negative emissions after that (http://ibn.fm/TcRfx). In addition, the committee’s detailed plan notes that Congress should establish a national clean-energy standard that encourages zero-emission carbon technologies — such as nuclear — to achieve net-zero emissions in the electricity sector by 2040 Recognizing that a substantial reduction in greenhouse gas emissions of the electrical energy sector is needed to minimize the effects of climate change, the report highlights nuclear power as the largest source of carbon-free energy in the country. As such, nuclear energy has an essential role in confronting the global climate challenge. Nuclear facilities are not only emissions free, but they are also the most reliable assets in the power generation mix, operating under circumstances often requiring fossil fuel and renewable energy plants to cease or curtail their operations, such as extreme weather conditions. As the country’s leading uranium and vanadium producer, Energy Fuels is well positioned to capitalize on the growing demand for clean energy. Energy Fuels has also recycled over 6 million pounds of uranium from its alternate feed recycling program. The carbon-free electricity produced from this recycled uranium would be the equivalent of a train full of coal that stretched from Los Angeles to New York — and back again — thereby avoiding 85 million tons of CO2 emissions.  Among clean-energy options, nuclear is recognized as one of the most reliable, affordable and stable, contributing to 55% of all clean-energy production throughout the country in 2019 (http://ibn.fm/JUuM2). In terms of carbon emissions and air pollution reduction, Energy Fuels is one of the greenest companies operating in the U.S. As the push for clean energy gains momentum, the global market shows signs of imbalance with global demand for uranium ore concentrate estimated to exceed production by 1 billion pounds over 2019–2040. Reflecting an international surge in nuclear power activity, global uranium prices have been improving globally with a 34% increase since March 2020 amid significant production cuts due to COVID-19 (http://ibn.fm/vQGGm). The global boost for nuclear energy, combined with the declared U.S. national policy to revitalize the nuclear sector and preserve domestic infrastructure to regain U.S. global nuclear leadership, distinguishes Energy Fuels, the country’s top producer of uranium, as a clear leader in the space. For more information, visit the company’s website at www.EnergyFuels.com. NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU

Pure Extract’s Vitalis Extraction Technology Produces Highest Quality Oil in Growing Market

  • With CO2 extraction, consumers benefit from premium-quality, full-spectrum oil (“FSO”) with no toxic byproducts
  • Pure Extract is also focusing on mushrooms because of the myriad of health benefits consumers are experiencing

Pure Extract, a private, plant-based extraction company with a new vertical in functional mushrooms, is committed to providing the highest-quality products possible. With that in mind, the company relies on CO2 extraction, a process based on pressurized carbon dioxide that provides some of the cleanest, healthiest products available on the market today.

Methods of mushroom extraction, or the process of releasing and concentrating compounds for medicinal dosages, vary. With that in mind, one of the primary benefits of using an extract from CO2 extraction is its status as a “green solvent” (http://ibn.fm/TGlE3).

CO2 extraction “provides a cleaner and healthier product,” reports an article titled “Your Concise Guide to CO2 Extraction: What It Is and Why You Need It,” published by Premium Jane. “We produce CO2 naturally as part of the breathing process when we exhale. Unlike solvents such as butane, CO2 extraction contains no nasty chemical residues. It is also recyclable and cost-effective,” the article states.

The article goes on to explain that CO2 extraction uses pressurized carbon dioxide to take as many desirable components from the plant — or mushroom — as possible. “Manufacturers use carbon dioxide because it is a versatile, ‘tunable’ solvent. It acts as a solvent at a specific temperature and pressure range. However, it doesn’t have the dangers associated with solvents. As a result, consumers benefit from a premium-quality, clean oil with no toxic by-products,” the article notes.

Pure Extract is committed to becoming one of the dominant extraction companies in the industry and a leader in the rapid development and commercialization of functional mushroom products. The company is currently focused on mushrooms because, as one report noted, “the prospects of antiviral, antibacterial, and anticancer properties are too powerful to cast aside. And as clinical research evaluates medicinal and psychedelic mushrooms, the importance of active product ingredient extracts amplifies, given the need to sort out what each molecule can do” (http://ibn.fm/EeHog).

Pure Extract’s Vitalis C02 extraction technology allows for full-spectrum oil extraction, which results in the purest, highest-quality oil. In addition, the company, which notes that “extraction is our business,” will soon have the  capacity for more than 100,000 kg of biomass per year with a technique that has been tried and tested through its teams’ industry experience (http://ibn.fm/ohQl6).

The functional mushroom industry is among the fastest growing in North America, with forecasts predicting the global medicinal mushroom market will grow annually by $13.88 billion (http://ibn.fm/npEn8). As the industry transitions from dry biomass to extracts, many companies are unprepared for this new opportunity.

Pure Extract, on the other hand, is ideally positioned to enter the space as an experienced producer. With a team of qualified experts and cutting-edge extraction technology, the company is set up for long-term strategic distribution and product innovation. Located near Whistler, British Columbia, the company’s facility is built for EU-GMP certification, which allows for international sales and ensures the production of high-quality, high-purity formulations on a commercial scale.

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

DarioHealth Corp. (NASDAQ: DRIO) Named Global Player in Digital Diabetes Management Market

  • The company was named to the list of BioSpace Movers and Shakers in July 2020 after veteran health plan executive Dennis A. Matheis joined its Board of Directors
  • Global digital diabetes management market is projected to register CAGR of 17.8% by 2026
  • DarioHealth’s platform lauded for centering on continual maximization of patient engagement

DarioHealth (NASDAQ: DRIO), a global digital therapeutics company serving its users with dynamic mobile health solutions, is in the spotlight as a major global player in the digital diabetes management market.

A recent report published by Data Bridge Market Research featured DarioHealth and its advancements in digital diabetes management – a growing global market expected to become the “next best thing” in the wake of the current coronavirus pandemic that has made it more difficult for diabetes patients to receive treatment. The market is projected to register a CAGR of 17.8 percent by 2026.

Digital diabetes management devices are used to self-monitor blood glucose levels. The technology combines diabetes monitoring hardware and mobile software with cloud computing infrastructure. Smart glucose monitors are wireless monitors that provide information about blood glucose data directly to your mobile device.

With 4.9 stars on the Apple App Store and 11,000 reviews, Dario is one of the highest-rated diabetes solutions in the market, and its user-centric MyDario(TM) mobile app is a popular product with over 50,000  consumers around the globe. With a powerful commitment and contribution to chronic condition management through innovative digital therapeutic solutions, including a novel method for chronic disease data management, the company is rapidly moving toward addressing new chronic conditions and into new geographic markets.

The company was also named to the list of BioSpace Movers and Shakers in July 2020 after veteran health plan executive Dennis A. Matheis joined its Board of Directors on July 2, 2020 (http://ibn.fm/1BNMs).

Matheis brings to the DarioHealth Board nearly 30 years of experience leading regional and national health care plans and related organizations (http://ibn.fm/TIAVk). He currently serves as President of Optima Health, a division of Sentara Healthcare which has more than 850,000 members and a network of over 26,000 providers.

“Over the course of my health care career, I have seen first-hand how even modest behavior changes can positively impact the long-term health of people suffering from costly and in some cases debilitating chronic medical conditions,” stated Matheis. “I have been aware of Dario for some time now, and I believe the company’s highly engaging user platform sets the company apart and provides tangible results for patients and demonstrated savings for payers.”

According to CEO Erez Raphael, Matheis will leverage his experience to aid DarioHealth in its transition to a business-to-business-to-consumer model, serving people suffering from chronic diseases via direct relationships with health plans, large employers, and benefits administrators.

The company was also cited in a recent article about patient engagement that emphasizes Dario platform’s continual maximization of patient engagement through personalization, including “nudges” and live, AI-generated responses to health measures provided by Dario’s smartphone-connected medical devices (http://ibn.fm/Bdh0s).

The report further underlines that health plans can leverage DarioHealth’s solutions to improve patient outcomes and lower costs that encourage patients to be more involved in managing their conditions, and proactively take preventative measures that reduce risk, emergency room visits, and preventable hospitalization.

With personalized, mobile health solutions, DarioHealth provides more control and greater independence for people with chronic conditions as they work to manage their daily challenges, empowering individuals to make healthy adjustments to their lifestyle choices and improve their overall health.

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

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

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Cardio Diagnostics Holdings Inc. (NASDAQ: CDIO) Advancing Early Detection, Tackling Heart Disease Through AI and Biomarker Insights

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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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