• 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

• Virtual auctions have unlimited potential amid massive industry changes brought on by the COVID-19 pandemic
• PowerBand and D2D cloud-based platform is highly efficient and convenient for both dealers and buyers, enabling consumers to buy, sell, lease and trade vehicles through their smartphones
• Current crisis exposes the fragility of the global supply chain, and automakers will have to start considering domestic options instead
• Online vehicle auction sector is expected to continue growing at a fast rate, further spurred by current pandemic-imposed social distancing rules

PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) has launched a new cloud-based platform that lets people buy and sell cars and trucks with never-seen-before simplicity, speed, and cost-efficiency. This development is proving pivotal during the Covid-19 pandemic, as automakers and dealers take a long, hard look at innovations to allow consumers to buy, sell, trade and lease on-line.

“Online shopping in our industry is going to snowball,” newly appointed Honda Canada CEO Jean Marc Leclerc told the special Windsor Star report analyzing the effects of the current pandemic on the automotive industry (http://ibn.fm/kcQkS).

“Traffic on our website and the utilization of our business tools has increased significantly. Cars and big-ticket items were the last bastion of what people would consider buying online.”

“The confidence level from their experience and word-of-mouth is changing that.”

Online vehicle auction growth is outpacing that of physical auctions at the speed of light, and the future of auto sales seems to be online. Online-only auctions experienced a 33 percent compound annual growth rate between 2013 and 2017, far outpacing the growth of physical auctions, which was just 2 percent. This has created a considerable opportunity for Powerband Solutions to gain a solid foothold in the U.S. automotive transaction marketplace via its cloud-based vehicle auction platform.

PowerBand and D2D Auto Auction LLC have already successfully launched and conducted ‘virtual’ auctions in the United States. D2D is 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/AzoL3).

The new cloud-based platform will be offered across the United States in the coming weeks and will allow digital images and details of vehicles to be uploaded for potential buyers to view. More than 1,300 dealers were registered on the D2D platform when it was launched at the end of 2019. This number is increasing rapidly with social distancing. D2D’s sales team targets additional dealerships and commercial customers, including leasing, rental and fleet companies.

According to PowerBand CEO Kelly Jennings, the virtual auctions held earlier in April generate high demand, as dealerships are looking for ways to adapt to an environment where the purchase ad sale of vehicles at a physical auction is no longer a viable option. “Our cloud-based auction platform is now fully functional and can replace traditional physical auctions across North America, as well as greatly reducing the costs to dealers since we only take a fee when a vehicle is actually sold,” Jennings noted in a news release.

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

• MVES set out to take advantage of booming global Video on Demand market
• Company disrupts traditional motion picture production and distribution
• Rapidly growing global VOD market projected to grow at 17% CAGR by 2024

The Movie Studio Inc. (OTC: MVES) is a vertically integrated motion picture production company focused on delivering video on demand (VOD) services leveraging a unique business model built to capitalize on the worldwide demand for online film content. MVES is providing subscription-based, over the top (OTT) services delivered through a wireless internet connection to the end user’s devices, such as smartphones, tablets and laptops.

Streaming wars between major Hollywood studios opened the door for smaller film-production companies such as MVES to emerge as major competitors. The Movie Studio’s growth approach is focused on the purchase of legacy film libraries upgraded to 4K resolution, along with the re-monetization of new content on popular VOD streaming platforms. MVES has successfully monetized film assets on platforms such as Amazon, Tubi tv, Comcast and Showtime.

As an optimized combination of content and pricing has proven crucial to acquiring and retaining the audience, MVES has developed a unique business model based on creating independent movies and distributing them on main subscription video on demand (SVOD) platforms without the costs of hiring stars, thus reducing capital expenditures while increasing production quality. Server-driven, geo-fractured worldwide VOD distribution allows The Movie Studio to control its stream-generated revenue across global territories.

In addition, The Movie Studio has launched a proprietary application – The Movie Studio App – which enables users to view film content and even become part of it. The app, available on Google Play and the App Store, offers a ‘Watch Our Movies, Be in Our Movies!’ feature, which allows users to upload their photos and submit an audition video for potential casting in upcoming feature films. MVES is currently in the production of two upcoming feature films: Cause & Effect, a Miami-style version of Fast & Furious, and Pegasus, an emotional family movie.

MVES couldn’t have made its entry on the worldwide stage at a better time. With increased internet proliferation and penetration of smart devices resulting in growing customer preference for online streaming services, the global VOD market is projected to grow from $38.9 billion in 2019 to $87.1 billion by 2024, at an impressive CAGR of 17.5% (http://ibn.fm/O4LYG). The OTT segment, in which MVES operates, is expected to see the highest market share as it offers flexibility, convenience and personalization of the delivered film content.

Founded in 1961 and previously known as Destination Television Inc., The Moves Studio is championing innovative solutions in the most lucrative segment of the growing VOD global market, which is becoming an integral part of daily habits of viewers around the world. With its innovative content creation and distribution strategies, MVES is poised to disrupt the global film-delivery solutions and capitalize on a uniquely designed digital business model.

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

• POAI CEO exchanges $2.1 promissory note for shares of common stock
• Agreement enables Predictive Oncology to strengthen balance sheet, simplify capital structure at critical juncture in quest to commercialize highly valuable database
• POAI cancels outstanding debt of $2,115,000 in aggregate principal amount of 12% promissory note

Predictive Oncology Inc. (NASDAQ: POAI), a knowledge-driven company focused on applying artificial intelligence to personalized medicine and drug discovery, has entered into an agreement with its CEO to exchange a $2.1 million promissory note for newly issued equity (http://ibn.fm/lzYPh). The strategic move demonstrates the confidence CEO Dr. Carl Schwartz has in the growing company.

“This agreement enables the company to strengthen its balance sheet and simplify its capital structure at a critical juncture in our quest to commercialize our highly valuable database of cancer tumors for the advancement of predictive medicine,” Schwartz said in a news release. “At the same time, it reinforces my commitment and demonstrates my belief in our ability to emerge as a leader in the application of artificial intelligence to oncology therapies.”

According to the agreement, Schwartz will exchange the promissory note for shares of common stock, $0.01 par value of Predictive Oncology at market value. In addition, Schwartz agrees not to sell or otherwise transfer one-half of the shares for three months after the date of the exchange agreement and not to sell or otherwise transfer the remaining shares for six months after the date of the agreement. Negotiated between the POAI and Schwartz on an arms-length basis, the agreement was approved by the Audit Committee of the company’s board of directors in accordance with Nasdaq listing requirements.

POAI received the note from Schwartz, exchanging it for 1,533,481 shares of common stock, newly issued at an exchange rate of $1.43 per share, the closing price of POAI common stock on April 21, 2020, prior to the execution of the agreement. Upon receipt, Predictive Oncology cancelled outstanding debt of $2,115,000 in aggregate principal amount of its 12% promissory note; the note was due to Schwartz by September 2020.

Additional details regarding the agreement can be found at www.SEC.gov on the company’s Form 8-K filed with the Securities and Exchange Commission on April 22, 2020.

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 leveraging artificial intelligence and its proprietary database of over 150,000 cancer cases tumors to build AI-driven models of tumor drug repose 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

• SHRG ranked 48th on latest Direct Selling News Global 100 List
• Sharing Services doubled revenues for the fiscal quarter ended October 31, 2019, reaching remarkable $169 million since inception in 2017
• SHRG may be an attractive opportunity for investors who seek high-growth companies backed by a sound business model, strong market, robust fundamentals

Elepreneurs Holdings LLC, a wholly owned subsidiary of Sharing Services Global Corporation (OTCQB: SHRG) ranked 48th on the latest 2020 Global 100 List of top direct-selling companies, published annually by Direct Selling News (DSN) (http://ibn.fm/I9Kuh). Sharing Services, a diversified holding company owns, operates and controls an interest in a number of companies specializing in the direct-selling industry.

Announced in April 2020, the 11th annual DSN Global 100 List features top companies around the world achieving more than $100 million in revenue for 2019, showcasing a unique perspective on the true economic and social impact of this distribution channel on people’s lives and communities it serves globally. This influential list brings recognition to top-performing companies in the global direct-selling space, offering them numerous opportunities to leverage exposure to investors, researchers, and those seeking opportunities within the industry.

Although relatively young compared to others on the list, SHRG earned its place due to impressive growth on the back of a robust business model based on delivering excellence in the direct-selling market. Sharing Services and its subsidiaries – Elevacity Global LLC, responsible for manufacturing and distribution of innovative products, and Elepreneurs, responsible for promoting those products to consumers – customers built strong momentum in 2019 with revenues amounting to $38.9 million for the fiscal quarter ended October 31, 2019, bringing cumulative revenues to the impressive level of $169 million since the launch of its products in December 2017 (http://ibn.fm/jGMjy).

As a subsidiary of SHRG, Elepreneurs is leveraging a direct-selling business model structured to utilize an international network of home-based entrepreneurs called Elepreneurs. SHRG founded Elepreneurs as a response to the rising demand from individuals who are seeking not only new income opportunities but also greater flexibility and a path to living happier, healthier and wealthier lives.

With the rising uncertainty surrounding the global environment, these opportunities will become even more critical as they support individuals in their paths to financial independence and pursuit of happy, wholesome lives. Successfully leveraging this growing trend, Elepreneurs is also using the power of social media to increase competitiveness and create opportunities in a cost-effective yet more personal way.

Also a SHRG subsidiary, Elevacity Global harnesses the power of science through collaboration with food scientists and nutrition experts to create health and wellness products designed to enhance the lives of consumers. Its flagship line of products works to release hormones that support well-being and happiness. The unique formula is called D.O.S.E., representing an acronym that refers to the four key hormones being stimulated: dopamine, oxytocin, serotonin, and endorphins. With adversity in the world on the rise, D.O.S.E offers a response to those who strive for happiness and wholeness in the face of the rising challenges.

Committed to elevating lives, both through business opportunities for its independent representatives and through health and wellness products that enrich the lives of consumers, Sharing Services operates in a thriving global market, where it leverages its unique capability to latch on nascent trends and seize opportunities as they emerge. The global direct-selling industry is growing at impressive rates, reaching $189 billion in 2017.

It is estimated that 20.5 million people were involved in direct-selling activities in the United States in 2017, a 31% increase over the previous five years (http://ibn.fm/GtYFM). With robust financials and a proven track record of successful adaptation to growing market trends, SHRG offers investors a high-growth opportunity coupled with sound fundamentals and backed by a robust business model.

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

• SGMD expanding BudCars Cannabis Delivery Service into LA area
• Sugarmade forecasts BudCars business to top $30 million in annualized revenues in Sacramento alone
• Company sees potential for up to 20 new BudCars hubs across California over next two years

Sugarmade Inc. (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential and an early pioneer within California’s regulated cannabis industry, announced that its recently acquired BudCars Cannabis Delivery Service is expanding into the Southern California marketplace (http://ibn.fm/o7WiJ). Initially launched in the Sacramento area, the cannabis home-delivery service has seen unprecedented growth in its first months of operation.

“Our Sacramento locations will pass the $10 million mark for annualized sales within the next 60 to 90 days,” Sugarmade CEO Jimmy Chan stated in a news release. “The growth has been so dramatic that we have had to drastically revise our expectations to the upside, which demands expansion, both in terms of staff and fleet in Sacramento, and in terms of regional expansion into Southern California. As a result, we are acquiring two distribution hub locations in the LA area with cannabis licenses included so we can hit the ground running.”

In the expansion announcement, the company reported that BudCars’ primary Sacramento locations have seen tremendous growth, with revenues consistently increasing 10% week over week. While the growth has been attributed to exploding demand for contactless delivery of cannabis products due to the COVID-19 pandemic, company officials expect the upward spike to continue, even after social-distancing restrictions are loosened. SGMD forecasts its BudCars business to top $30 million in annualized revenues this year in Sacramento alone.

In addition, based on data gathered from its current operations as well as trends in the LA region, the Sugarmade team is confident that each of the two new LA BudCars hubs will provide an annual revenue run-rate of $15 to 20 million – as a moderate baseline estimate. Sugarmade officials pointed to its Sacramento locations, which are reporting a consistent 19–20% net profit on sales, noting that the same margins are expected in the Southern California market.

The two LA locations are just the beginning of the CarBuds expansion. Officials see further expansion potential for up to as many as 20 new BudCars hubs across California over the coming two years, funded primarily by cash from operations.

“We are hiring and expanding our fleet as fast as we can right now to keep up with demand,” said Chan. “We can’t expand fast enough. But that’s a great problem to have, and LA represents an ideal new market for BudCars.”

As one of the few cannabis companies pursuing a vertically integrated business model, SGMD is placing its current focus on the expansion of non-storefront cannabis delivery. In addition to BudCars, the Sugarmade brand portfolio includes CarryOutsupplies.com, SugarRush(TM) and Budcars.com. Sugarmade has benefitted from a remarkable growth spurt thus far in 2020 and will seek to maintain its recent trajectory going forward.

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