Archive for April, 2021

$XPHYF Is Regulating Cannabis by Potency a Good Move?

As more and more states legalize cannabis in the United States, a debate on whether to regulate cannabis by its potency also appears to be gaining steam.

Generally, many states that have legal cannabis markets base their tax on weight or sales price. However, the state of New York signed a legislation in March, under which recreational cannabis will be taxed based off its THC amount. For those who may not be familiar with THC, this is the primary intoxicating chemical in marijuana.

When the state of Illinois began recreational cannabis sales in 2020, it also enacted a potency-related tax. In Vermont, officials are planning to launch the state’s legal marijuana market in the next year or so, under which THC content will also be limited.

Individuals who support the move to limit THC content as a way to regulate cannabis assert that these measures will protect public health by discouraging the use of what people may regard as highly concentrated marijuana. President of Smart Approaches to Marijuana Kevin Sabet noted that legislators needed to put some limitations on the cannabis products being sold to people. Smart Approaches to Marijuana is an anti-legalization group that has been calling for potency caps for some time.

Additionally, the National Academies of Sciences, Engineering and Medicine conducted an examination of health and cannabis in 2017; the results noted that the growth in potency was among the factors that create the potential for a higher risk of adverse health effects.

On the other hand, those opposing potency caps contend that limiting amounts of THC in products may drive people to buy products from the illegal market. Recorded data shows that in the recent decades, the levels of THC have been rising in the cannabis seized by federal agents. For instance, in 2014, the average THC levels were 12% while almost two decades before that, in 1995, the THC levels were only 4%. Reports from the state of Colorado show that marijuana concentrates sold in the state’s legal market average 69% THC, with some hitting as high as 90%.

Supporters of cannabis legalization are of the opinion that potency caps will backfire. In a recent op-ed, NORML deputy director Paul Armentano noted that recriminalizing cannabis products would affect the consumer demand for these products, in addition to pushing consumers to look for similar products in the illicit and unregulated market.

As a substitute measure, some states are choosing to make high THC cannabis products more expensive, instead of forbidding their use.

Companies such as XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT), which have opted to take the route of formulating medicines from cannabis compounds, may be the ultimate winners since securing FDA approval for their formulations grants them access to patients in the entire country. This would free the companies from having to navigate the complexity of numerous state-level laws.

NOTE TO INVESTORS: The latest news and updates relating to XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) are available in the company’s newsroom at https://cnw.fm/XPHYF

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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Monday, April 26th, 2021 Uncategorized Comments Off on $XPHYF Is Regulating Cannabis by Potency a Good Move?

$UEC to Utilize ISR to Supply Global Utilities, US Needs

Uranium Energy (NYSE American: UEC) aims to change the current state of affairs in the United States as the country is struggling to maintain its uranium industrial base. “The United States is now nearly completely dependent on foreign uranium imports. Meanwhile, the nation’s domestic enrichment capacity is close to non-existent,” reads an article highlighting Scott Melbye’s testimony at the Senate Committee hearing. Melbye, UEC’s executive vice president, elaborated that the United States possesses over one billion pounds of uranium in known and likely deposits and that his company is keen on turning the tide. “Uranium Energy Corp has worked towards the development of a variety of uranium project sites in locations such as Texas, New Mexico, Colorado, Arizona and Wyoming. At the flagship Texas and Wyoming projects and operations, the low-cost and environmentally friendly mining technology called in-situ recovery (‘ISR’) will be used by UEC to competitively supply uranium to both global utilities and the needs of the U.S. government.”

To view the full article, visit https://ibn.fm/Or8Sq

About Uranium Energy Corp.

Uranium Energy is a U.S.-based uranium mining and exploration company. In South Texas, the company’s hub-and-spoke operations are anchored by the fully licensed Hobson Processing Facility, which is central to the Palangana, Burke Hollow and Goliad ISR projects. In Wyoming, UEC controls the Reno Creek project, which is the largest permitted, pre-construction ISR uranium project in the U.S. Additionally, the company controls a pipeline of uranium projects in Arizona, New Mexico and Paraguay, a uranium/vanadium project in Colorado and a large, high-grade ferro-titanium project in Paraguay. The company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining. For more information about the company, visit www.UraniumEnergy.com.

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

About MiningNewsWire

MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.

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Monday, April 26th, 2021 Uncategorized Comments Off on $UEC to Utilize ISR to Supply Global Utilities, US Needs

$UEC Multifaceted Strategy Strengthens Shareholder Value, Grows Company

  • UEC is ideally positioned to be leading supplier of American-mined uranium for domestic utilities, U.S. government
  • UEC’s main objective is adding value to shareholders, growing into largest and most profitable uranium company in the United States

Uranium Energy (NYSE American: UEC) CEO Amir Adnani American has noted the company is a uranium pure play, with $110 million cash, equity and strategic U.S.-warehoused inventory holdings.  Recent press releases discuss UEC’s business objectives and highlight recent UEC achievements that are notable for the company’s future growth.

With uranium spot prices below most producers’ cost of production, UEC has established a physical uranium initiative with acquisitions of U.S.-warehoused uranium. The uranium initiative is fully funded with cash on hand and now includes 2.105 million pounds of U.S.-warehoused uranium at a volume weighted average price of ~$30 per pound with deliveries occurring between March 2021 into December 2022 (https://ibn.fm/zv7ks).

Adnani notes the initiative will support three objectives: 1) bolstering the company’s balance sheet as uranium prices appreciate; 2) providing strategic inventory to support future marketing efforts with utilities that could complement production and accelerate cashflows; and 3) increasing the availability of the company’s Texas and Wyoming production capacity for emerging U.S.-origin-specific opportunities, which may command premium pricing due to scarcity of domestic uranium.

On another front, UEC restarted wellfield development and resource delineation drilling at the Company’s Burke Hollow in-situ recovery (“ISR”) uranium project in South Texas.  Advancing and expanding Burke Hollow’s resources strategically dovetails with UEC’s plans to participate in supplying the U.S. Uranium Reserve (“UR”) as outlined in the Nuclear Fuel Working Group report published by the U.S. Department of Energy. The UR is designed as a 10-year, $1.5 billion program to purchase newly mined U.S.-origin uranium from the existing domestic uranium industry (https://ibn.fm/EW45D).

“UEC is ideally positioned to be the leading supplier of American-mined uranium for the domestic utilities and the U.S. government,” Adnani stated in another article.  “We control the largest resource base of fully permitted ISR projects in Texas and Wyoming of any U.S. based producer, ideally positioned to lead the resurgence in domestic uranium mining. . . . We are investing to build the next generation of low-cost and environmentally friendly uranium projects that will be competitive on a global basis.”

“Our main objective is to continue adding value to our shareholders and grow the company into the largest and most profitable uranium company in the United States,” said Adnani.

Uranium Energy Corp is a U.S.-based uranium mining and exploration company that controls one of the country’s largest historical uranium exploration and development databases. Founded in 2003, UEC is headquartered in Corpus Christi, Texas. Properties acquired by the company are primarily located within the United States, including Texas, New Mexico, Colorado, Arizona and Wyoming. In addition, the company is aggressively pursuing other key developmental targets. UEC is poised to be a next-generation uranium producer, committed to providing low-cost uranium through environmentally friendly In-Situ Recovery mining for the country’s large electricity-generating nuclear fleet as well as for government programs, such as the U.S. Uranium Reserve.

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

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

About MiningNewsWire 

MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.

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Monday, April 26th, 2021 Uncategorized Comments Off on $UEC Multifaceted Strategy Strengthens Shareholder Value, Grows Company

$TOBAF Announces Name Change to TAAT Global Alternatives Inc. Effective Wednesday, April 28, 2021

LAS VEGAS and VANCOUVER British Columbia, April 26, 2021  — TAAT™ LIFESTYLE & WELLNESS LTD. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP2) (the “Company” or “TAAT™”) announces that pursuant to a directors’ resolution, as of commencement of trading on Wednesday, April 28, 2021, the Company’s name will be changed from TAAT ™ Lifestyle & Wellness Ltd. (the “Former Name”) to TAAT™ Global Alternatives Inc. (the “Updated Name”).

There will be no change to the symbol, the Company’s common shares will continue to trade under the ticker “TAAT” on the Canadian Securities Exchange. The CUSIP number assigned to the Company’s shares following the name change to the Updated Name is 87320M101 (ISIN: CA87320M1014).

No action is required to be taken by shareholders with respect to the name change. Outstanding share and warrant certificates are not affected by the name change and do not need to be exchanged.

Any questions regarding the upcoming change from the Company’s Former Name to its Updated Name can be directed to TAAT™ Investor Relations by email at investor@taatusa.com or by telephone at 1-833-TAAT-USA (1-833-822-8872).

TAAT™ CEO Setti Coscarella commented, “Now that we have gained momentum in the USD $814 billion global tobacco industry, we have determined it to be important to ensure the most prominent identifying attributes of the Company reflect our mission and business objectives. Last week, we announced our Beyond Nicotine™ initiative based on reports that the Biden administration plans to take action to reduce nicotine content in tobacco cigarettes sold in the United States. Our value proposition is built around offering a better alternative for smokers aged 21+, giving them the choice to keep the experiences they enjoy while leaving nicotine behind. With over 1.3 billion users of tobacco worldwide, we believe TAAT™ and its Beyond Tobacco™ base material are relevant globally, which led to our Board of Directors agreeing on the Updated Name.”

On behalf of the Board of Directors of the Company,

TAAT™ LIFESTYLE & WELLNESS LTD.

“Setti Coscarella”

Setti Coscarella, CEO and Director

For further information, please contact:

TAAT™ Investor Relations
1-833-TAAT-USA (1-833-822-8872)
investor@taatusa.com

THE CANADIAN SECURITIES EXCHANGE (“CSE”) HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE, NOR HAS OR DOES THE CSE’S REGULATION SERVICES PROVIDER.

About TAAT™ Lifestyle & Wellness Ltd.

The Company has developed TAAT™, which is a tobacco-free and nicotine-free alternative to traditional cigarettes offered in “Original”, “Smooth”, and “Menthol” varieties. TAAT™’s base material is Beyond Tobacco™, a proprietary blend which undergoes a patent-pending refinement technique causing its scent and taste to resemble tobacco. Under executive leadership with “Big Tobacco” pedigree, TAAT™ was launched first in the United States in Q4 2020 as the Company seeks to position itself in the $814 billion global tobacco industry.

For more information, please visit http://taatglobal.com .

References

British American Tobacco – The Global Market

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Often, but not always, forward-looking information and information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur, or be achieved. Forward-looking information in this news release includes statements regarding the potential launch of Beyond Tobacco™. The forward-looking information reflects management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed timeframes or at all. Factors that could cause actual results or events to differ materially from current expectations include: (i) adverse market conditions; (ii) changes to the growth and size of the tobacco markets; and (iii) other factors beyond the control of the Company. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time, and it is impossible for the Company’s management to predict all risk factors, nor can the Company assess the impact of all factors on Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. The forward-looking information included in this news release are made as of the date of this news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.

The statements in this news release have not been evaluated by Health Canada or the U.S. Food and Drug Administration. As each individual is different, the benefits, if any, of taking the Company’s products will vary from person to person. No claims or guarantees can be made as to the effects of the Company’s products on an individual’s health and well-being. The Company’s products are not intended to diagnose, treat, cure, or prevent any disease.

This news release may contain trademarked names of third-party entities (or their respective offerings with trademarked names) typically in reference to (i) relationships had by the Company with such third-party entities as referred to in this release and/or (ii) client/vendor/service provider parties whose relationship with the Company is/are referred to in this release. All rights to such trademarks are reserved by their respective owners or licensees.

Statement Regarding Third-Party Investor Relations Firms

Disclosures relating to investor relations firms retained by TAAT™ Lifestyle & Wellness Ltd. can be found under the Company’s profile on http://sedar.com .

Monday, April 26th, 2021 Uncategorized Comments Off on $TOBAF Announces Name Change to TAAT Global Alternatives Inc. Effective Wednesday, April 28, 2021

$TOBAF Applies for Listing on Nasdaq Capital Market

TAAT(TM) Lifestyle & Wellness (CSE: TAAT) (OTCQB: TOBAF) (FRANKFURT: 2TP2) has submitted its initial application to the Nasdaq Capital Market for its common shares to be listed and traded on the U.S. market. The move follows the company’s upgrade from the OTCQB Venture Market to the OTCQX market last month; the OTCQX tier is the highest available of the OTC Markets Group and requires a professional third-party sponsor introduction as well as other stringent guidelines. In the announcement, the company noted that trading on Nasdaq could allow TAAT to attract institutional and retail investors and expand its investor base in the United States as well as around the world. The listing would provide greater visibility for the company and potential increased liquidity of its common shares. “Ever since TAAT became publicly traded on June 22, 2020, we have made great strides in our efforts to gain market share in the USD $814 billion global tobacco industry,” said TAAT CEO Setti Coscarella in the press release. “Between listings in American and European markets, as well as our rapid ascension of the ranks in the OTC markets, I believe we have consistently strengthened our value proposition to investors around the world as a firm positioned to create long-term value in providing a better alternative to tobacco cigarettes for smokers aged 21+. We look forward to working with Nasdaq, Inc. in navigating this application process as I believe being listed on the Nasdaq Capital Market could considerably strengthen our long-term prospects as a public company.”

To view the full press release, visit https://ibn.fm/48bLA

About TAAT Lifestyle & Wellness Ltd.

TAAT Lifestyle and Wellness has developed TAAT, which is a tobacco-free and nicotine-free alternative to traditional cigarettes offered in Original, Smooth and Menthol varieties. TAAT’s base material is Beyond Tobacco(TM), a proprietary blend that undergoes a patent-pending refinement technique causing its scent and taste to resemble tobacco. Under executive leadership with Big Tobacco pedigree, TAAT was launched first in the United States in Q4 2020 as the company seeks to position itself in the $814 billion global tobacco industry. For more information, please visit www.TAATGlobal.com.

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

About InvestorWire

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Monday, April 26th, 2021 Uncategorized Comments Off on $TOBAF Applies for Listing on Nasdaq Capital Market

$PLTXF Announces Planned Product Launch to Hudson’s Bay Marketplace

PlantX Life Inc. (CSE: VEGA) (OTCQB: PLTXF) (Frankfurt: WNT1) today announced its entry into an agreement to launch over 2,000 products on Hudson’s Bay Marketplace (www.TheBay.com), which reaches millions of Canadians each year. The PlantX offerings to be launched will include plant-based pantry items, cosmetics and indoor houseplants that will be delivered to customers throughout Canada. PlantX will maintain responsibility for inventory, shipping and customer service management for all of its items sold through the platform, with the ability to take full advantage of Hudson’s Bay’s targeted digital marketing opportunities. “We are thrilled to start expanding our business efforts alongside such a remarkable and long-standing company like Hudson’s Bay,” said PlantX CEO Julia Frank. “Displaying our products in the popular Hudson’s Bay Marketplace will help increase our brand awareness and it will allow our customers to interact with our products more efficiently.”

To view the full press release, visit https://ibn.fm/Sm5Ni

About PlantX Life Inc.

As the digital face of the plant-based community, PlantX’s platform is the one-stop shop for everything plant-based. With its fast-growing category verticals, the company offers customers across North America more than 10,000 plant-based products. In addition to offering meal and indoor plant deliveries, the company currently has plans underway to expand its product lines to include cosmetics, clothing and its own water brand — but the business is not limited to an e-commerce platform. The company uses its digital platform to build a community of like-minded consumers and, most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs and brands. The company eliminates the barriers to entry for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life. For more information, visit the company’s website at https://Investor.PlantX.com.

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

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

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Monday, April 26th, 2021 Uncategorized Comments Off on $PLTXF Announces Planned Product Launch to Hudson’s Bay Marketplace

$NETE Huawei Aims to Invest $1 Billion in EVs

The past few years have been pretty rough for Huawei. For quite a while, the Chinese telecommunications company had been at the top of the game alongside Samsung and Apple, but after former President Donald Trump began focusing on the company, things went downhill quickly. The Chinese tech giant has since faced a wide variety of U.S. sanctions that have almost crippled its operations and removed it from its lofty perch at the top of the telecommunications sector.

In a bid to diversify and keep the profits coming, Huawei has now pledged to invest $1 billion in partnership with major Chinese automakers to develop zero-emission electric vehicles (“EVs”) and smart cars. With several governments across the world looking to replace conventional internal combustion engine (“ICE”) vehicles with electric vehicles, Huawei’s massive investment in green energy and machine learning could pay off.

According to the company’s rotating chairman Erix Xu, Huawei is also looking to develop 5G compatible applications in the software and cloud-computing space to capitalize on the new but increasingly popular 5G technology. Speaking to a group of industry analysts at Huawei headquarters in Shenzhen, Xu said that these portfolio adjustments would help the company weather and ultimately survive the problems it has been facing.

Huawei’s woes began in 2018 when the U.S. government claimed that the massive telecommunications network the company had built around the globe could be co-opted by China’s communist party and used for espionage or sabotage. Although both China and Huawei denied these claims, the U.S. government went on the offensive, locking the Chinese tech giant from the immense American market, denying it access to the global supply chain of mobile phone components, and pressuring allied nations to ban Huawei’s telecommunication gear or outright remove it from their communications networks.

Denied access to the global components supply chain, the U.S. market, and banned from using Google’s Android OS or Apple’s IOS, Huawei sales plummeted in 2020. With its new green-energy plans, the Chinese company is hoping to rise out of the ashes stronger and more profitable than ever. The company will expedite efforts to develop its own mobile phone operating system now that it has been banned from using Android or IOS. Additionally, Huawei is reported to have provided operating components to a new EV model developed by Chinese automaker BAIC as part of its new ArcFox EV line.

However, analysts have argued that Huawei may have a hard time developing a successful mobile phone operating system because of Android and IOS’s stranglehold on the market. Only time will tell how Huawei’s investments in zero-emission vehicles and self-driving EVs will pan out.

It looks like the list of new entrants into the EV space isn’t about to end, not with Net Element (NASDAQ: NETE), a financial value-added solutions provider waiting for regulatory and shareholder approval before it merges with EV auto maker Mullen Technology Inc., also throwing its hat in the ring.

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

About Green Car Stocks

Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.

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Monday, April 26th, 2021 Uncategorized Comments Off on $NETE Huawei Aims to Invest $1 Billion in EVs

$IDEX Biometrics 2020 Annual Report on Form 20-F

Oslo, Norway – 26 April 2021 – IDEX Biometrics ASA, (OSE: IDEX and Nasdaq: IDBA) has filed its 2020 annual report on form 20-F with the U.S. Securities and Exchange Commision (SEC). The report includes audited consolidated financial statements for the year ended 31 December 2020.

The 2020 annual report on form 20-F is enclosed in pdf file. The 2020 annual report to Norway, dated 14 April 2021 and the 2020 annual report on form 20-F are available at the company’s web site www.idexbiometrics.com . All SEC filings made available electronically by IDEX Biometris may be obtained from the SEC’s website at www.sec.gov

For further information contact:

Marianne Bøe, Investor Relations
E-mail: marianne.boe@idexbiometrics.com
Tel: + 47 918 00186

Brett L Perry, U.S. Investor Relations
E-mail: bperry@sheltongroup.com
Tel: + 1 214 272 0070

About IDEX Biometrics

IDEX Biometrics ASA (OSE: IDEX and Nasdaq: IDBA) is a leading provider of fingerprint identification technologies offering simple, secure and personal touch-free authentication for all.  We help people make payments, prove their identity, gain access to information, unlock devices or gain admittance to buildings. We invent, engineer, and commercialize these secure and safe yet incredibly user-friendly solutions. Our total addressable market represents a fast growing multi-billion-unit opportunity.

For more information, visit www.idexbiometrics.com and follow @IDEXBiometrics.

Attachment

Monday, April 26th, 2021 Uncategorized Comments Off on $IDEX Biometrics 2020 Annual Report on Form 20-F

$CNX Medical Cannabis Firm Sues Oklahoma over Tracking System

DR Z Leaf dispensary in the state of Oklahoma recently filed a suit in an attempt to stop the execution of a cannabis tracking program in the coming weeks. The litigation, which was filed by the medical cannabis operator, also disputes whether the state’s Department of Health is operating ultra vires by implementing the seed to sale system and making it mandatory for more than 10,000 medical marijuana businesses to pay for it.

The business filed the suit in the District Court of the Okmulgee County last week and questions the legality of the contract between Metrc, an organization based in Florida, and the state of Oklahoma.

The lawsuit demonstrates the strain in the relationship of the state and some medical cannabis businesses over the growing number of regulations and the costs of observing those regulations. According to the state, as of March 2, there are 10,587 active medical cannabis business licenses in throughout the state.

The state established its medical marijuana market in 2018. Since then more regulations have been introduced in an attempt to meet the industry’s best practices.

Oklahoma Medical Marijuana Authority (“OMMA”) spokeswoman Terri Watkins stated in an interview last week that the state did not comment on unsettled lawsuits. Bronwyn Flores, the spokeswoman for Metrc, also refused to comment on this litigation, which has listed OMMA and the state as defendants.

An affiliate of Fox TV in the state, KOKH, mentioned that a few medical marijuana business operators had complained about the seed tracking program and, in particular, the prices imposed by Metrc. For instance, wholesalers are charged 25¢ per package for an RFID tag while cultivators are charged 45¢ per plant for the same.

Flores stated that the fees for plant tags and the company’s software were the same in the 16 markets the company served. Metrc is party to seed-to-sale contracts in fifteen states, including Washington, DC, and Oklahoma.

These tracking programs in legal cannabis markets are provided by a solo software provider in order to ensure that inventory tracking can be performed through a centralized system. A competitive bidding process is used to award contracts. The company’s system will be replacing the compulsory monthly reports that medical cannabis businesses in the state of Oklahoma were submitting.

The transition from a manual to an electronic system may have been costly for some businesses, given that many of them were doing their reports on paper. Flores explained that entering an established market comes with its own set of issues but added that, from the company’s view, execution had been running smoothly.

Licensed marijuana sector players in different parts of to lots of complicated regulations, and it no wonder that some sector actors in Oklahoma are protesting the frequent changes to the laws governing their activities.

NOTE TO INVESTORS: The latest news and updates relating to Gage Growth Corp. (CSE: GAGE) (d.b.a. Gage Cannabis) are available in the company’s newsroom at https://cnw.fm/GAGE

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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Monday, April 26th, 2021 Uncategorized Comments Off on $CNX Medical Cannabis Firm Sues Oklahoma over Tracking System

$FNGR China’s Huge Landscape for Telecommunications Users Grants FingerMotion Fertile Field for Tech Services

  • U.S.-based FingerMotion operates primarily in China, delivering mobile tech-related services
  • China has a population of nearly 1.5 billion people, nearly a billion of whom are using mobile smartphones and the Internet to transact purchases, send messages, and acquire support services
  • FingerMotion is focused on mobile payments and mobile phone recharging, but is also building a strong platform for insurtech services and using its database IP for predictive services that may benefit other industries as well
  • FingerMotion is anticipating year-end financial reporting by the close of May, predicting revenues will top $16 million for the year

During the seven decades that have passed since the founding of the People’s Republic of China, the nation has evolved from a country dependent on foreign suppliers for its telecommunications equipment, without any competition for carrier services, to a global powerhouse country with a deregulated and competitive industry (https://ibn.fm/FkBXq) that increasingly operates independently in providing carrier services to its customers (https://ibn.fm/JSaFG).

As China’s visionaries continue to capture next-level 5G network buildout patents and contracts, geopolitical tensions surrounding its advances have increased but the nation has pressed forward, and its population of nearly 1.5 billion people is ensuring a ready marketplace for telecommunications advances. Over the past quarter century, with the explosive developments surrounding the Internet and satellite-based communications, China’s mobile phone users have grown from 3.6 million subscribers and its Internet users have grown from 60,000 people (https://ibn.fm/adF0Z) to about 986 million people accessing the Internet from smartphones (https://ibn.fm/sfhv3) out of a total 989 million Internet users (https://ibn.fm/nQCnM).

The huge marketplace is proving to be a boon to evolving technological services company FingerMotion (OTCQX: FNGR), which is aiming to acquire more than a billion customers for its mobile payment, mobile phone recharge platform and insurtech services through a step-by-step developmental strategy.

FingerMotion transformed from a mobile gaming company launched in 2016 to its current operation. Working with three major platform partners — Alibaba’s (NYSE: BABA) TMALL sites, PinDuoDuo (NYSE: PDD) and JD.com (NASDAQ: JD) — the company is rapidly building a large clientele in Southeast Asia derived from mobile service provider giant China Unicom’s (NYSE: CHU) e-commerce portals.

FingerMotion’s service offerings include telecommunication products and services and SMS and MMS services, the company’s core revenue sources, as well as the rich communication services and big-data insights launching this year. The big data product has the potential to provide the foundation for the company’s “strong foray” into insurtech offerings as well as predictive services for other sectors such as health care, financial services and consumer e-commerce applications.

In January, we made one of the most significant announcements as a company. We are very proud to announce our partnership with Pacific Life Re-insurance, in essence becoming their data provider,” FingerMotion CEO Martin J. Shen said last month (https://ibn.fm/tmzRq).

The company’s Sapientus database overlays the data with AI-driven behavioral analytics to help provide predictive measures about consumer habits.

The company expects to file its annual year-end financial report by the end of May, and expects that revenues will top $16 million for the fiscal year that ended Feb. 28, according to Shen (https://ibn.fm/Wlqm9).

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

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

About ChineseWire

ChineseWire (CW) is a specialized communications platform focused on promising China-based companies that are listed in North America. As one of 40+ brands within the InvestorBrandNetwork (“IBN”), CW provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution to IBN’s millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, CW is uniquely positioned to best serve private and public Chinese companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CW brings its clients unparalleled visibility, recognition and brand awareness. CW is where news, content and information converge.

For more information, please visit https://www.ChineseWire.com

Please see full terms of use and disclaimers on the ChineseWire website applicable to all content provided by CW, wherever published or re-published: http://IBN.fm/Disclaimer

ChineseWire (CW)
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www.ChineseWire.com
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Editor@ChineseWire.com

ChineseWire is part of the InvestorBrandNetwork.

Monday, April 26th, 2021 Uncategorized Comments Off on $FNGR China’s Huge Landscape for Telecommunications Users Grants FingerMotion Fertile Field for Tech Services

$CLXPF Announces AUD Disorder Indication for Psychedelic Molecule CYB003

Cybin (NEO: CYBN) (OTCQB: CLXPF), a biotechnology company focused on progressing psychedelic therapeutics, has selected alcohol use disorder (“AUD”) as the initial target indication for its proprietary deuterated psychedelic tryptamine, CYB003. In the announcement, the company noted that its CYB003 new chemical entity (“NCE”) could be an ideal investigational new drug (“IND”) candidate for a future clinical trial focused on AUD after preclinical data has been compiled and evaluated. Cybin is targeting an IND filing for CYB003 by the end of this year. AUD is a relapsing brain disorder often associated with an impaired ability to stop or control alcohol use despite adverse social, occupational or health consequences. An estimated 5.8% of adults — 9.2 million men and 5.3 million women — in the United States were diagnosed with AUD in 2018. “The evidence of increased alcohol use during this ongoing pandemic is startling,” said Cybin CEO Doug Drysdale in the press release. “For so many individuals and families, Alcohol Use Disorder can be disruptive, even devastating. We are optimistic that CYB003 could have the potential to improve the lives of AUD sufferers and their loved ones by providing a durable respite from alcohol dependence and the potential to overcome this often-crippling disease.”

To view the full press release, visit http://ibn.fm/Ryffh

About Cybin Inc.

Cybin is a leading biotechnology company focused on progressing psychedelic therapeutics by utilizing proprietary drug discovery platforms, innovative drug delivery systems, novel formulation approaches and treatment regimens for psychiatric disorders. For more information, visit the company’s website at www.Cybin.com.

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

About PsychedelicNewsWire

PsychedelicNewsWire (PNW) is a specialized content distribution company that (1) aggregates and distributes news and information on the latest developments in all aspects and advances of psychedelics and their use, (2) creates PsychedelicNewsBreaks designed to quickly update investors on important industry news, (3) leverages a team of expert editors to enhance press releases for maximum impact, (4) assists companies with the management and optimization of social media across a range of platforms, and (5) delivers unparalleled corporate communication solutions. PNW stays abreast of the latest information and has established a reputation as the go to source for coverage of psychedelics, therapeutics and emerging market opportunities. Our team of seasoned journalists has a proven track record of helping both public and private companies gain traction with a wide audience of investors, consumers, media outlets and the general public by leveraging our expansive dissemination network of more than 5,000 key syndication outlets. PNW is committed to delivering improved visibility and brand recognition to companies operating in the emerging markets of psychedelics.

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For more information please visit https://www.PsychedelicNewsWire.com

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Monday, April 26th, 2021 Uncategorized Comments Off on $CLXPF Announces AUD Disorder Indication for Psychedelic Molecule CYB003

$CLXPF Research Finds Previous Use of Antidepressants May Reduce MDMA Effectiveness Against PTSD

study conducted recently proposes that psychedelic-assisted therapy using MDMA to help treat PTSD is not as efficacious among individuals who have recently used psychiatric drugs commonly prescribed by doctors, known as selective serotonin re-uptake inhibitors. The research findings were reported in the “Psychopharmacology” journal.

Allison Feduccia, director of education platform Psychedelic Support and author of the study, explained that antidepressants, in particular SSRIs and MDMA, bound themselves to the same receptors in an individual’s brain. She noted that if an individual used selective serotonin reuptake inhibitors and MDMA concurrently, the effects of the psychedelic would be decreased.  Feduccia added that before the study, it had not been known whether the use of these antidepressants would influence how individuals would feel after they ingested MDMA.

She further explained that the research was crucial because MDMA, which is commonly referred to as ecstasy, could soon be approved as a post-traumatic stress disorder treatment, adding that most individuals living with this condition were usually given SSRIs to help them manage the condition. Feduccia also noted that the objective of the research was to learn whether the outcome of the treatment could be affected by other drugs, in order to provide each patient with the best chance of success with the therapy treatment.

For their research, the investigators examined data from clinical trials that had discovered evidence that MDMA-assisted therapy helped decreased symptom severity in PTSD. The researchers then compared data obtained from 34 participants who had not been ingesting SSRIs to 16 participants who had reduced their use of SSRIs before the trial.

Among those who had reduced their use of reuptake inhibitors, 25% did not meet the post-traumatic stress disorder diagnostic criteria for the disease after undergoing therapy sessions. On the other hand, nearly 64% of the individuals who weren’t ingesting SSRIs did not meet the PTSD diagnostic criteria after undergoing therapy.

Study findings show that some drugs could potentially impact the effects individuals felt when they ingested a psychedelic drug. Feduccia explained that while MDMA usually increased diastolic and systolic blood pressure, the expected blood pressure increases weren’t as high in the individuals who had stopped using their reuptake inhibitors.

She noted that this evidence suggests that the effects of the psychedelic substance weren’t as intense for those participants and claimed that the individuals may have also been experiencing symptoms that occurred because they stopped using their medication. Feduccia strongly advises against discontinuing the use of prescription medications without consulting a health-care provider first.

These findings will certainly add to what is already known about different psychedelics. Other teams, such as the scientific team at Cybin Inc. (NEO: CYBN) (OTCQB: CLXPF), will also keep adding their findings to the advancement of this industry.

NOTE TO INVESTORS: The latest news and updates relating to Cybin Inc. (NEO: CYBN) (OTCQB: CLXPF) are available in the company’s newsroom at https://ibn.fm/CYBN

About PsychedelicNewsWire

PsychedelicNewsWire (PNW) is a specialized content distribution company that (1) aggregates and distributes news and information on the latest developments in all aspects and advances of psychedelics and their use, (2) creates PsychedelicNewsBreaks designed to quickly update investors on important industry news, (3) leverages a team of expert editors to enhance press releases for maximum impact, (4) assists companies with the management and optimization of social media across a range of platforms, and (5) delivers unparalleled corporate communication solutions. PNW stays abreast of the latest information and has established a reputation as the go to source for coverage of psychedelics, therapeutics and emerging market opportunities. Our team of seasoned journalists has a proven track record of helping both public and private companies gain traction with a wide audience of investors, consumers, media outlets and the general public by leveraging our expansive dissemination network of more than 5,000 key syndication outlets. PNW is committed to delivering improved visibility and brand recognition to companies operating in the emerging markets of psychedelics.

To receive instant SMS alerts, text “Groovy” to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.PsychedelicNewsWire.com

Please see full terms of use and disclaimers on the PsychedelicNewsWire website applicable to all content provided by PNW, wherever published or re-published: https://www.PsychedelicNewsWire.com/Disclaimer

Do you have questions or are you interested in working with PNW? Ask our Editor

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Editor@PsychedelicWire.com

PsychedelicNewsWire is part of the InvestorBrandNetwork.

Monday, April 26th, 2021 Uncategorized Comments Off on $CLXPF Research Finds Previous Use of Antidepressants May Reduce MDMA Effectiveness Against PTSD

$IFBD Yimin Wu – An AI-SaaS Pioneer from the East

  • Founder of Infobird Software Co. Ltd. (NASDAQ: IFBD) Chairman and CEO
  • Life-long passion for computer science
  • Launched the first cloud call center SaaS product in China
  • Almost 10 years serving mega financial institutions with customized SaaS
  • Infobird is quickly expanding – pushing standardized SaaS into broad markets to service a wide variety of industries and increase market share

In the spring of 1990, 24-year-old Yimin Wu completed his undergraduate and graduate studies in computer science at Tsinghua University and was assigned by the university to Hewlett-Packard in the United States as a software engineer. With ‘life as an adventure’ as his credo and a fiery passion for cloud computing, Yimin went back to China and started his own business to provide all-software middleware for call centers.

With a strong background in technology development, Yimin Wu realized the huge potential of cloud computing in early 2004. This was when Skype, a communication software based on VoIP, first became popular across the world. The success of Skype sparked his imagination about the possibilities for an all-software based cloud call center – with zero hardware involved. With the idea of combining cloud computing with an all-software call center, Yimin Wu led his team aiming to develop the first cloud based SaaS product for call centers in China. Customers no longer needed to purchase hardware equipment, buy and install a complete set of software, and then build their own call center. They only need to purchase “services” from Infobird Software (NASDAQ: IFBD) based on the number of seats and the time they needed. In 2007, the company successfully launched the first cloud based SaaS product in China and its efforts were highly recognized by its peers. In the same year, Yimin Wu was also named to China’s top ten software leaders by the China Software Association for being the first to put forward the concept of cloud call center in China.

Today, the importance of cloud computing is undisputed, but go back ten years and the concept of cloud computing was unknown to both the public and business. Since 2007, under the leadership of Yimin Wu, Infobird has also successfully upgraded from a traditional call center service provider to a leading SaaS (software as a service) provider in China, providing large enterprises with innovative AI-driven or AI-empowered customer engagement solutions. Today, Infobird is still launching new SaaS products to meet the diverse needs of customers.

Infobird has been serving its clients with cloud call center and other intelligent customer engagement solutions for 20 years. When Mr. Wu was asked what formed the foundation of Infobird’s development, he answered firmly, “It’s technology”. He added, “I think we rely on technology to keep pace with the times. We have to use the most advanced technology at that time to meet customer needs. It does not mean that we can win the market with only one technology. We will continue to develop new technologies to meet customer needs. We believe that the ultimate purpose of developing new technologies is to serve the specific needs of customers. It is not our philosophy to develop technology solely for the sake of technology.” In China, Infobird is one of the very few software companies that is capable of providing customized SaaS services to ultra-large companies and financial institutions.

In 2012, the first phase of China Guangfa Bank’s credit card telemarketing system was undertaken by Infobird which immediately passed the acceptance inspection. Delivering unparalleled service levels, Infobird’s solution was constantly evolving and improving to support the rapid expansion rate of China Guangfa Bank’s credit center. This project later became the largest commercial private cloud call center and cloud computing real-time business system in China at the time.

According to the prospectus from the company, it also states that the company will no longer be dependent on a single large customer, China Guangfa Bank, which accounted for approximately 77.3% of the total revenue in 2019. The percentage of revenue from China Guangfa Bank is expected to decrease to less than 35% in 2020 and furtherdecrease to an even lower percentage in the near future. The company has been expanding the customer base for multiple mid to large companies in finance, healthcare and retail industries by promoting of the standardized module SaaS. Because of Infobird’s dedication to technology, the company has gained the trust of major companies and large financial institutions. Infobird’s SaaS products are widely used in banking and insurance, education and training, e-commerce, travel ticketing, service outsourcing, healthcare, logistics and retail and multiple other industries. Infobird has a wide range of customers, including small growth companies as well as many Fortune 500 companies.

According to the forecast of an independent Chinese consulting company, China’s public cloud SaaS market will reach 37 billion yuan in 2021, and the enterprise-level SaaS market will reach 74 billion yuan. It is estimated that by 2026, China’s public cloud SaaS market will exceed 100 billion yuan and the enterprise-level SaaS market will exceed 270 billion yuan. In the future, as a large number of traditional Chinese companies start their digital transformation, China’s SaaS market is expected to encounter an upward turning point of explosive development. Faced with the upcoming market break out of Customer Engagement SaaS in China, Yimin Wu decided to take the company public on the Nasdaq and use the power of the international capital market to accelerate the company’s development.

Yimin Wu believes that Infobird’s IPO gives investors around the world a unique opportunity to profit from the exceptional high-growth of China’s SaaS industry. Compared with US domestic SaaS companies that are currently listed on major US exchanges, the Price to Sales (“PS”) ratio of Infobird is about 3 to 5 times less than that of US peers. The price-to-sales (P/S) ratio shows how much investors are willing to pay per dollar of sales for a stock. A low ratio implies the stock is undervalued, while a ratio that is higher-than-average indicates that the stock may be overvalued.

Pricing Infobird’s IPO at a relative lower valuation attracts interest from long-term and strategic investors who understand value investment concepts and can accompany Infobird over the long run. The company believes that investors with a long-term value investment philosophy can best help Infobird to grow steadily and will be richly rewarded.

On April 20, 2021, Infobird (NASDAQ: IFBD) was officially listed on NASDAQ in the United States. With the IPO proceeds, Yimin Wu intends to further push the shift of the company’s suite of products from customized SaaS to standardized module SaaS. Infobird is currently promoting its independently developed standardized SaaS products to further penetrate into multiple new markets and industries in China. Infobird’s extensive experience serving ultra-large financial institutions with customized SaaS products facilitates the rapid development of more standardized SaaS products and a quickly growing market share. At present, some investors believe that Infobird is on the edge of explosive growth in the company’s performance and that the company’s business is at an inflection point in a comprehensive transformation. It’s expected that within three years of Infobird’s IPO, sales of company’s standard SaaS service will greatly increase the company’s customer base, market share and profitability as well as set the stage for extended growth well into the future.

At the company’s internal celebration meeting held on the first day of trading, Mr. Wu said, “Infobird pioneered the cloud computing call center, created China’s leading intelligent customer service system, launched the digital intelligent customer management concept, and built a nationwide customer base. It has served more than 70,000 enterprises with independently developed technologies and excellent products.”

“The twenty-year-old Infobird is at its growth phase. We are full of passion and drive. We hope to open an unprecedented new path in the field of AI customer business and release more energy, and create greater value for business and society with the tide of economic globalization”. Mr. Wu said that with the help of new technologies, business digitalization has ushered in a turning point. Infobird will strengthen the integration of technology and scenarios in the future and continue to explore more new possibilities in the field of customer engagement.

“We dream of letting the light of science and technology illuminate every corner of the business world. Therefore, we choose to be listed on NASDAQ. We must accelerate development with a global vision. The IPO is not the end, it is a new starting point, and it means more opportunities and bigger responsibilities. In order to achieve new growth, we will face more tests and challenges in the future. Maybe Infobird will go through revolutions, but our mission to make customer engagement smart will not change”.

For more information, visit the company’s website at www.infobird.com/en/index.html.

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

About ChineseWire

ChineseWire (CW) is a specialized communications platform focused on promising China-based companies that are listed in North America. As one of 40+ brands within the InvestorBrandNetwork (“IBN”), CW provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution to IBN’s millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, CW is uniquely positioned to best serve private and public Chinese companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CW brings its clients unparalleled visibility, recognition and brand awareness. CW is where news, content and information converge.

For more information, please visit https://www.ChineseWire.com

Please see full terms of use and disclaimers on the ChineseWire website applicable to all content provided by CW, wherever published or re-published: http://IBN.fm/Disclaimer

ChineseWire (CW)
Los Angeles, California
www.ChineseWire.com
310.299.1717 Office
Editor@ChineseWire.com

ChineseWire is part of the InvestorBrandNetwork.

Monday, April 26th, 2021 Uncategorized Comments Off on $IFBD Yimin Wu – An AI-SaaS Pioneer from the East

$WTER 420 with CNW – Idaho House Rejects Constitutional Amendment to Ban Cannabis Legalization

A bill that would have hindered the legalization of cannabis and other substances without the approval of two-thirds of the state’s legislature was rejected in Idaho last week. The proposed amendment, which had already been cleared in the Senate, did not attain the 47 votes it needed to be approved in the House. If it had attained the two-thirds majority needed, voters in the state would have had the chance to vote on it next year.

During the two-hour debate held before voting, legislators in the House, a majority of whom are Republicans, disagreed on two themes: the damage cannabis could cause, particularly in young individuals who overindulge recreationally, and the help the drug could offer to those living in constant pain.

The vote saw liberal and conservative members of the chamber teaming up to outvote the initiative, which ended with every Democratic member in the chamber not supporting the initiative.

The legislators saw the measure as a reaction to the surrounding states that have passed measures legalizing or decriminalizing the recreational and medical use of cannabis.

The state of Idaho is one of the three states in the country that have no policy allowing their residents to possess cannabis products, even products with low THC amounts. However, residents of the state can cross the border in almost any direction and find themselves in a state where cannabis can be bought for medicinal and recreational purposes.

Lawmakers who supported the legislation gave examples of the states of Colorado, Washington, Oregon and California, noting that they didn’t want Idaho to end up like these states. Despite these examples, support for the use of medical cannabis in Idaho has been growing, with activists working toward getting a legalization measure on the ballot by next year.

The legislators who opposed the measure, a majority of whom stated that they’d never used cannabis and did not plan on trying it, stated that the measure could hinder the approval of drugs that could be useful because it was too extensive. They also noted that it would prevent the legalization of products such as CBD oil, which contain small THC amounts.

While the sponsors of the proposed amendment had focused on drugs such as methamphetamines and heroin, the debate almost entirely revolved around cannabis. Republican Rep. Chad Christensen stated that the measure was a cannabis legislation, which explains why he voted against it. Christensen observed that opioid use was the real issue in the state and that’s where the clamp down was needed.

While the rejection of the restrictive constitutional amendment gives Idaho residents hope that cannabis policy reform may be possible in future, they can at least access zero-THC hemp products made by firms such as The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER). These include salves, lotions, gummies and powder packs.

NOTE TO INVESTORS: The latest news and updates relating to The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) are available in the company’s newsroom at http://cnw.fm/WTER

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

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Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.

Thursday, April 22nd, 2021 Uncategorized Comments Off on $WTER 420 with CNW – Idaho House Rejects Constitutional Amendment to Ban Cannabis Legalization

$VTGN Presents Data Regarding Drug Candidate for Replacement of Addictive Benzodiazepines

VistaGen Therapeutics (NASDAQ: VTGN), a biopharmaceutical company developing new-generation medicines with the potential to go beyond the current standard of care for anxiety, depression and other central nervous system (“CNS”) disorders, presented data highlighting the proposed mechanism of action (“MOA”) of its Phase 3 investigational drug candidate, PH94B nasal spray, in a poster session at the Anxiety and Depression Association of America’s 2021 Virtual Annual Conference. VTGN’s PH94B spray is designed to provide rapid-onset acute treatment of anxiety without directly activating gamma-amino butyric acid (“GABA-A”) receptors. This approach differentiates PH94B from benzodiazepines such as alprazolam, diazepam and lorazepam, which are direct GABA-A receptor positive modulators. The objective is for PH94B to displace these and other benzodiazepines, which are widely used but addictive, as a viable treatment for social anxiety disorder (“SAD”) and other anxiety disorders and phobias. SAD is the third most common mental health disorder among Americans, and recent studies indicate that an estimated 20 million individuals suffer with the debilitating disorder. “Given the FDA’s recent Drug Safety Communication that outlined and highlighted the safety risks associated with benzodiazepine use, the implications resulting from this study are significant,” said VistaGen chief medical officer Mark Smith, M.D., Ph.D., in the press release. “PH94B may have the potential to displace benzodiazepines altogether and become the safer alternative to help the millions of Americans suffering from anxiety with limited options for safe, effective treatment options. These existing treatments can actually hurt instead of help. We look forward to launching our Phase 3 clinical development program for PH94B next quarter and continuing to push forward in our mission to get it into the hands of those in need as soon as possible.”

To view the full press release, visit http://ibn.fm/guWqd

About VistaGen Therapeutics Inc.

VistaGen is a clinical-stage biopharmaceutical company committed to developing and commercializing innovative medicines with the potential to go beyond the current standard of care for anxiety, depression and other CNS disorders. Each of VistaGen’s three drug candidates has a differentiated potential mechanism of action, has been well tolerated in all clinical studies to date and has therapeutic potential in multiple CNS markets. For more information about the company, please visit www.VistaGen.com.

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

About BioMedWire

BioMedWire (BMW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) BioMedNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, BMW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. BMW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, BMW brings its clients unparalleled visibility, recognition and brand awareness. BMW is where news, content and information converge.

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Thursday, April 22nd, 2021 Uncategorized Comments Off on $VTGN Presents Data Regarding Drug Candidate for Replacement of Addictive Benzodiazepines

$UEC Ready, Eager to Provide Much-Needed Fuel

NEW YORK, April 22, 2021 — NetworkNewsAudio – Uranium Energy Corp. (NYSE American: UEC) announces the availability of a broadcast titled, “New Focus on Clean Energy Boon for Uranium.”

To hear the AudioPressRelease, please visit: The NetworkNewsAudio News Podcast

To view the full editorial, please visit: https://www.nnw.fm/nzON4

Clearly, the lack of uranium production in America poses a national security threat with the utter reliance on foreign uranium sources to power nuclear plants that supply about 20% of the country’s total electrical output and more than half of the nation’s carbon-free power.

During his testimony in March at the Full Committee Hearing on Nuclear Energy for the Senate Committee on Energy & Natural Resources, Scott Melbye, Uranium Energy Corp (NYSE American: UEC) EVP and president of the Uranium Producers of America, warned that “America is dangerously close to losing our uranium fuel industrial base” and that the country must re-establish its once robust nuclear infrastructure “that has been eroded by Russia, China, and state-owned uranium entities in recent years.” For its part, Texas-based UEC is production ready and eager to provide the much-needed fuel.

About Uranium Energy Corp.

Uranium Energy is a U.S.-based uranium mining and exploration company. As a leading pure-play American uranium company, UEC is advancing the next generation of low-cost and environmentally friendly in-situ recovery (“ISR”) mining uranium projects. In South Texas, the company’s hub-and-spoke operations are anchored by UEC’s fully-licensed Hobson Processing Facility, which is central to its Palangana, Burke Hollow, Goliad and other ISR pipeline projects. In Wyoming, UEC controls the Reno Creek project, which is the largest permitted, pre-construction ISR uranium project in the U.S. Additionally, the company’s diversified holdings provide exposure to a unique portfolio of uranium related assets, including: 1) major equity stake in the only royalty company in the sector, Uranium Royalty Corp; 2) physical uranium warehoused in the U.S.; and 3) a pipeline of resource-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. In Paraguay, the company owns one of the largest and highest-grade ferro-titanium deposits in the world. The company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining. For more information about the company, visit www.UraniumEnergy.com .

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

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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Thursday, April 22nd, 2021 Uncategorized Comments Off on $UEC Ready, Eager to Provide Much-Needed Fuel

$PLTXF Releases New Online App, Announces CEO Appearance on Bell2Bell Podcast

PlantX Life (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF), a multifaceted marketplace providing consumers all things plant based, has launched a new online plant-matching app. The launch date is deliberate; it coincides with Earth Day 2021. The new app, PlantXBuddy, is designed to support and assist customers in selecting indoor plants that align with their personal preferences. Using PlantXBuddy, consumers can learn about a wide variety of indoor plant options by swiping through information about each one, learning about each plant’s needs and characteristics. The app will increase awareness about indoor plants as much more than simple esthetic components of setting. In the announcement, the company noted that scientific studies suggest that indoor plants can purify the air, increase relaxation and well-being, and even boost mental health. The app will also help consumers navigating the indoor plant section of the company’s website.<

To view the full press releases, visit https://ibn.fm/MPZ6A and https://ibn.fm/QvYlB

About PlantX Life Inc.

As the digital face of the plant-based community, PlantX’s platform is the one-stop-shop for everything plant-based. With its fast growing category verticals, the Company offers customers across North America more than 10,000 plant-based products. In addition to offering meal and indoor plant deliveries, the Company currently has plans underway to expand its product lines to include cosmetics, clothing, and its own water brand — but the business is not limited to an e-commerce platform. The Company uses its digital platform to build a community of like-minded consumers, and most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs and brands. The Company eliminates the barriers to entry for anyone interested in living a plant-based lifestyle, and thriving in a longer, healthier and happier life. For more information about this company, please visit www.PlantX.com and www.PlantX.ca.

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

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

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Thursday, April 22nd, 2021 Uncategorized Comments Off on $PLTXF Releases New Online App, Announces CEO Appearance on Bell2Bell Podcast

$MWK Sets Date for First Quarter 2021 Earnings Announcement and Investor Conference Call

Mohawk Group Holdings (NASDAQ: MWK), plans to release its first quarter 2021 financial report on Thursday, May 6,  after market close. The company also announced that it will host a conference call to share and discuss the report at 5 p.m. on the same day. Investors and other interested parties are invited to participate either through the internet or by calling in. Interested individuals in the United States can call in by dialing 1-888-895-5479; those outside the U.S. can dial 1-847-619-6250; the conference ID is 50154244. The conference will also be available live on the company in the investors section of the company website (https://ir.mohawkgp.com); an archived replay of the call will also be available following the call in the same place.

To view the full press release, visit http://ibn.fm/AuxVw

About Mohawk Group Holdings Inc.

Mohawk Group Holdings is a rapidly growing technology-enabled consumer products company that uses machine learning, natural language processing and data analytics to design, develop, market and sell products. Mohawk predominantly operates through online retail channels such as Amazon and Walmart. Mohawk has 12 owned and operated brands and sells products in multiple categories, including home and kitchen appliances, kitchenware, environmental appliances (i.e., dehumidifiers and air conditioners), beauty-related products and, to a lesser extent, consumer electronics. Mohawk was founded on the premise that if a company selling consumer packaged goods was founded today, it would apply artificial intelligence and machine learning, the synthesis of massive quantities of data and the use of social proof to validate high-caliber product offerings as opposed to overreliance on brand value and other traditional marketing tactics. For more information about the company, visit www.MohawkGP.com.

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

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

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Thursday, April 22nd, 2021 Uncategorized Comments Off on $MWK Sets Date for First Quarter 2021 Earnings Announcement and Investor Conference Call

$MOTNF EV Groups in Canadian Province Protest New Annual Tax

As 2020 drew to a close, the state of Victoria in Australia announced plans to introduce a new road user tax for electric vehicles (“EVs”). According to officials, drivers with conventional gas and diesel-powered vehicles paid to maintain the roads via a national excise tax on fuel, and this new tax was designed to ensure EV drivers paid their fair share as well. The proposed annual tax was immediately condemned by the electric vehicle industry and environmental groups who said it would be detrimental to Australia’s fledgling EV sector.

This past Saturday, two electric vehicle groups held separate demonstrations protesting a $150 yearly tax that the Saskatchewan and Saskatoon governments plan to start levying on electric vehicles from Oct. 1, 2020. The provincial governments claim that this annual EV tax is meant to address the wear and tear electric vehicles cause on provincial roads. However, Joe Murray, vice chair of the Tesla Owners Club of Saskatchewan, argues that there are barely enough EVs (less than 1% of the vehicles on the road) to cause much damage to provincial roads.

Additionally, most electric vehicles are used in urban areas where there is a higher concentration of public charging stations compared to the highways, which have fewer charging stations. Consequently, says Murray, any money the authorities collect via the electric vehicle tax would be going to places that aren’t even EV friendly. Levying such a tax at a time when Canada’s fledgling industry is just starting out would impede its progress, he says, adding that the tax is “regressive” and is a hindrance to a “green transition.”

Jason Cruickshank, president of the SaskEV Society, concurs, saying that the tax is quite disappointing given that there are only around 400 electric vehicles in Saskatoon. The SaskEV Society held its rally in Saskatoon while the Tesla Owners of Saskatchewan demonstrated in Regina.

It’s way too early for the provincial government to be considering an electric vehicle tax, Cruickshank says, especially considering just how limited Saskatoon’s fast-charging network is. With only a single highway in the entire province equipped with fast-charging infrastructure, the Saskatoon group hopes more fast chargers capable of fully charging a vehicle in 30 minutes will be installed on provincial highways in the coming years. In the meantime, he calls the tax petty, saying that it sends the wrong message at a time when governments should be focusing on cutting carbon emissions and transitioning to zero-emission vehicles.

The transition to zero-emission automobiles is being aided by the efforts of numerous companies, such as Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6A) (OTC: MOTNF), which are investing in viable alternatives like hydrogen fuel.

NOTE TO INVESTORS: The latest news and updates relating to Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6A) (OTC: MOTNF) are available in the company’s newsroom at https://ibn.fm/MOTNF

About Green Car Stocks

Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.

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Thursday, April 22nd, 2021 Uncategorized Comments Off on $MOTNF EV Groups in Canadian Province Protest New Annual Tax

$IDEX Announces Donation of Compact Electric Tractor, Investment in Social Media Platform

Ideanomics (NASDAQ: IDEX), a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption, announced that Soletrac Inc., an IDEX portfolio company, has donated its first compact electric tractor (“CET”) to a nonprofit organization. The truck was delivered to the Kōkua Hawaiʻi Foundation, which supports environmental education in schools and communities in Hawaii. The truck will be used on the Kōkua Learning Farm, the foundation’s seven-acre farm on the North Shore of Oʻahu, which will be a gathering place for students and community members to learn about food production and participate in supporting a productive, efficient and sustainable local farming ecosystem. The foundation held a hands-on tractor demonstration day on April 15 to introduce the tractor to a group of Hawaii-based farmers and educators. Ideanomics also announced an investment in FNL Technologies (“FNL”); the investment includes the sale of Grapevine Village to FNL. The announcement outlined details of the transaction, which include Ideanomics injecting cash and stock consideration into FNL with FNL acquiring 100% of Grapevine Logic Inc. from Ideanomics in exchange for an estimated 20% ownership in FNL. FNL is the owner and operator of hoo.be, a popular social media platform designs to assist online influencers, artists, athletes, personalities and businesses. “We are delighted to make this investment into FNL, with their fast-growing hoo.be platform a strategic growth partner for Grapevine’s influencer marketing offering,” said Ideanomics CEO Alf Poor in the press release. “Since announcing our planned divestiture of Grapevine, we have been looking for a strong partner which would allow Grapevine to flourish and Jordan and the team at FNL impressed us as a synergistic partner to help boost Grapevine’s growth and expansion plans going forward.”

To view the full press releases, visit https://ibn.fm/dIqtA and https://ibn.fm/UxuFW

About Ideanomics

Ideanomics is a global company focused on the convergence of financial services and industries experiencing technological disruption. The company’s Mobile Energy Global (“MEG”) division is a service provider that facilitates the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and leasing, and energy-management solutions under its innovative sales to financing to charging (“S2F2C”) business model. Ideanomics Capital is focused on disruptive fintech solutions for the financial services industry. Together, MEG and Ideanomics Capital provide the company’s global customers and partners with leading technologies and services designed to improve transparency, efficiency and accountability, and provides IDEX shareholders with the opportunity to participate in high-potential, growth industries. Ideanomics is headquartered in New York, NY, with offices in Beijing, Hangzhou and Qingdao and operations in the U.S., China, Ukraine, and Malaysia. For more information, visit www.Ideanomics.com.

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

About Green Car Stocks

Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.

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Thursday, April 22nd, 2021 Uncategorized Comments Off on $IDEX Announces Donation of Compact Electric Tractor, Investment in Social Media Platform

$FNGR Eyes Building Strong Forays into Insurtech Space

FingerMotion (OTCQX: FNGR) is pursuing the enormous, rapidly growing market for smart solutions in China. The company’s offerings are divided between telecommunications products and services, texting applications with short message service (“SMS”) and multimedia messaging service (“MMS”), big data insights and rich communication services (“RCS”). FingerMotion’s database-driven big data analytics service led to a strategic agreement with Pacific Life. The agreement opens doors for FingerMotion while at the same time assisting Pacific Life enhance its insurance solutions and develop predictive information regarding its clients. “We look to build strong forays into the insurtech space,” said FingerMotion’s CEO Martin Shen in a recent update. “We believe other re-insurance companies will look to develop a similar model with us. By remaining non-exclusive and offering similar services to other companies in other insurance sectors, we believe we have the potential to be the most disruptive technology in insurance today.”

To view the full article, visit https://ibn.fm/Pft2q

About FingerMotion Inc.

FingerMotion is an evolving technology company with core competencies in mobile payment and recharge platform solutions in China. It is one of only a few companies in China with access to wholesale rechargeable minutes from the country’s largest mobile phone providers that can be resold to consumers. As the user base of its primary business continues to grow, the company is developing additional value-added technologies to market to its users. FingerMotion’s vision is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high-engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in China and eventually expand the model to other regional markets. For more information about the company, visit www.FingerMotion.com.

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

About ChineseWire

ChineseWire (CW) is a specialized communications platform focused on promising China-based companies that are listed in North America. As one of 40+ brands within the InvestorBrandNetwork (“IBN”), CW provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution to IBN’s millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, CW is uniquely positioned to best serve private and public Chinese companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CW brings its clients unparalleled visibility, recognition and brand awareness. CW is where news, content and information converge.

For more information, please visit https://www.ChineseWire.com

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Thursday, April 22nd, 2021 Uncategorized Comments Off on $FNGR Eyes Building Strong Forays into Insurtech Space

$EXN Announces High-Grade Silver Drill Results at Platosa Mine

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) today announced results from underground expansion and exploration drilling at the Platosa Mine in Durango, Mexico. Among the highlights, the company reported further definition and expansion of the Guadalupe North, 623, NE-1 and NE-1S mantos. Results from underground drilling include 1,293 G/t silver equivalent over 6.5 metres. “Underground drilling at Platosa continues to delineate high-grade silver,” said Ben Pullinger, Excellon’s SVP of Geology and Corporate Development. “We are currently advancing development to support further drilling of the Gap Zone. As that development progresses, we are identifying areas of historical production where we see potential additional high-grade mineralization, such as Guadalupe North.”

To view the full press release, visit http://ibn.fm/ArOqT

About Excellon Resources Inc.

Excellon’s vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of its employees, communities and shareholders. The company is advancing a precious metals growth pipeline that includes: Platosa, Mexico’s highest-grade silver mine since production commenced in 2005; Kilgore, a high-quality gold development project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration. The company also aims to continue capitalizing on current market conditions by acquiring undervalued projects. Additional details on Excellon’s properties are available at www.ExcellonResources.com.

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

About MiningNewsWire

MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.

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Thursday, April 22nd, 2021 Uncategorized Comments Off on $EXN Announces High-Grade Silver Drill Results at Platosa Mine

$EXN ESG Standards Adherence Gives Metals Producer Edge in Attracting Investors

During the first quarter of this year, the stock of Press Metal Aluminium Holdings Bhd rose 18%, which made it the top performer on the benchmark stock index in Malaysia. The company’s focus on ESG standards has made it popular among investors.

Press Metal’s plants are powered using hydropower, an approach that has improved greatly amid higher metal prices. The company hopes that its products, which are manufactured with a smaller carbon footprint, will be high in demand.

This is happening at a time when the Top Glove Corporation, which is the largest rubber glove manufacturer in the world, is struggling to meet the environmental, social and governance criteria. The company exports its gloves to 195 countries.

Rising interest in ESG factors by investors and the international decarbonization agenda have put Press Metal, which is the largest smelter of aluminum in Southeast Asia, in a rather beneficial spot. Currently, China is working on meeting its carbon neutrality goal by 2060, which leaves the country’s producers of aluminum that still use coal caught, in the government’s crosshairs.

In a report, Hong Leong Investment Bank analyst Low Jin Wu stated that Press Metal’s hydro-run smelter used renewable energy to produce aluminum, which sat well with both ESG-centric investors and clients.

Fortress Capital Asset Management’s investment director Chua Zhu Lian noted that when it came to ESG criteria, Press Metal came first because of its tactical decision to have hydro-power as its power backbone as well as the company’s location in Sarawak. The director added that the scarcity of low-carbon producers of aluminum across the globe was also a factor in the company’s popularity.

Since October 2021, the company’s shares have doubled, making it the eighth-largest company in Malaysia’s stock gauge, by market value, which puts it ahead of Top Glove. A year ago, Press Metals was among the bottom-five firms while at some point in October, Top Glove almost became Malaysia’s most-valued company.

However, since 2021 began, Top Glove’s shares have dropped 24%, with vaccine rollouts reducing its appeal even further. Additionally, towards the end of March, the U.S. Customs and Border Protection staff at all ports of entry in the U.S. began seizing disposable gloves produced by the company over forced labor allegations, which only made things worse.

This move is bound to affect the company as well as two of the country’s key industries — gloves and palm oil — which are currently fighting harsh scrutiny over poor labor practices.

The good run being enjoyed by Press Metal is likely to serve as an encouragement to other mining companies, such as Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2), which are committed to best practices such as adhering to all health, environmental and community protection standards before, during and after their operations.

NOTE TO INVESTORS: The latest news and updates relating to Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) are available in the company’s newsroom at https://ibn.fm/EXN

About MiningNewsWire 

MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.

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Thursday, April 22nd, 2021 Uncategorized Comments Off on $EXN ESG Standards Adherence Gives Metals Producer Edge in Attracting Investors

$EXN Continues to Find Additional High-Grade Silver at its Platosa Mine in Mexico

  • In production since 2005, Platosa is Mexico’s highest-grade silver mine
  • Recent drilling by Excellon highlighted by an intersect of 1,422 g/t silver equivalent over 8.9 meters, as well as multiple other assay results of 1,000+ g/t silver equivalent
  • Drilling underway to define and discover new mineralization in the Gap Zone, an area of vertical mineralization inadequately tested by drilling from surface to date

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2), a silver and base metals producer with precious metal projects in Mexico, Idaho and Germany, has announced compelling high-grade results from underground expansion and exploration drilling at the Platosa Mine in Mexico (https://ibn.fm/8GCNt).

According to the company’s recent announcement, further definition and expansion of the Rodilla, NE-1S and Pierna Mantos highlighted the recent work, with underground diamond drilling results including:

  • 1,422 g/t silver equivalent (“AgEq”) over 8.9 metres (1,023 g/t Ag, 9.3% Pb, 4.5% Zn and 0.1 g/t Au) in EX20UG491, including 4,623 g/t AgEq over 2.2 metres (3,499 g/t Ag, 29.7% Pb, 10.3% Zn and 0.1 g/t Au);
  • 1,092 g/t AgEq over 2.4 metres (673 g/t Ag, 6.7% Pb and 7.1% Zn) in EX20UG493;
  • 1,539 g/t AgEq over 1.6 metres (1,258 g/t Ag, 7.5% Pb, 2.4% Zn and 0.1 g/t Au) in EX20UG506; and
  • 984 g/t AgEq over 4.0 metres (721 g/t Ag, 4.1% Pb and 4.5% Zn) in EX21UG515.

Additionally, drilling is underway to define and discover new mineralization in an area of the Platosa deposit that was never effectively drilled from surface – the Gap Zone – with 300 metres of potential mineralized strike to be explored.

“Initial drilling from the top of the Gap Zone has returned compelling high-grade results,” stated Ben Pullinger, senior vice president over Geology & Corporate Development. “This sub-vertical structure connects the 623 and NE-1S mantos and represents a significant opportunity to define additional mineralization at Platosa. We also continue to define and add further tonnage around known manto mineralization,” he added.

Excellon has been advancing a precious metals growth pipeline in Platosa, Mexico’s highest-grade silver mine, since production commenced in 2005. The Platosa project is an operating underground polymetallic silver-lead-zinc mine located in the northeast portion of the state of Durango, in the northcentral section of Mexico. The company is focused on optimizing the Platosa Mine’s cost and production profile as well as further exploring the Platosa property for additional high-grade silver and carbonate-replacement deposits mineralization, related skarn and epithermal silver mineralization. The principal mineral deposits consist of a series of high-grade, carbonate-replacement deposits occurring as mantos (https://ibn.fm/XsEpc).

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

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

About MiningNewsWire 

MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.

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Thursday, April 22nd, 2021 Uncategorized Comments Off on $EXN Continues to Find Additional High-Grade Silver at its Platosa Mine in Mexico

$CNSP Set to Start Potentially Pivotal Berubicin Trial

CNS Pharmaceuticals (NASDAQ: CNSP) is working to determine the efficacy of its lead drug candidate, Berubicin, for the treatment of glioblastoma multiforme (“GBM”), an aggressive type of brain cancer for which there is currently no cure. Promising results were demonstrated when another company completed a small Phase 1 trial well over a decade ago in which 44% of patients saw their disease stabilize or improve. One Berubicin patient was living cancer-free as of the most recent medical assessment in November, nearly 15 years after the Phase 1 trial (https://ibn.fm/JnFSS). “CNS now hopes to advance Berubicin to commercial production, with the start of its potentially pivotal clinical trial slated to begin this quarter,” reads a recent article discussing the novel anthracycline that appears to cross the blood-brain barrier. “The global trial will compare Berubicin’s response to the effectiveness level of established chemotherapy drug lomustine in 243 GBM patients at about 35 clinical sites in the United States (https://ibn.fm/Wo3d9) and 25 more in foreign locations.”

To view the full article, visit: https://ibn.fm/dc2vV

About CNS Pharmaceuticals Inc.

CNS Pharmaceuticals is developing novel treatments for primary and metastatic cancers of the brain and central nervous system. Its lead drug candidate, Berubicin, is proposed for the treatment of glioblastoma multiforme (“GBM”), an aggressive and incurable form of brain cancer. For more information, visit the company’s website at www.CNSPharma.com.

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

About BioMedWire

BioMedWire (BMW) is a bio-med news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with BMW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, BMW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, BMW brings its clients unparalleled visibility, recognition and brand awareness. BMW is where news, content and information converge.

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Thursday, April 22nd, 2021 Uncategorized Comments Off on $CNSP Set to Start Potentially Pivotal Berubicin Trial

$AZRX Researchers Find Antioxidants That Can Help Prevent Cancerous HPV Infection in Women

study conducted by a group of researchers from the Louisiana State University School of Public Health and Medicine, led by professor of biostatistics Hui-Yi Lin, has discovered that sufficient levels of five antioxidants may decrease infection with the human papilloma virus (“HPV”) strains that are linked to the development of cervical cancer.

Their research was reported in the “Journal of Infectious Diseases.”

While prior studies had proposed that the onset of HPV associated with cancer development could be triggered by oxidative stress, the link between the two had not been made clear. This research assessed the link between vaginal HPV infection status — high-, low- and no-risk HPV — and 15 antioxidants in more than 11,000 women between the ages of 18 and 59 who had taken part in the National Health and Nutrition Examination Survey from 2003 to 2016.

The group’s findings demonstrated that four dietary antioxidants, namely folate and vitamins E, B2 and A, as well as lower levels of serum albumin, were linked to a high risk of HR-HPV infection (high-risk HPV). The researchers also found that reduced serum albumin was linked to an impaired immune response and a rise in systemic inflammation. Albumin is the most abundant circulating protein in plasma. The researchers also came up with a nutritional antioxidant score, which was based off of the four dietary antioxidants.

Lin, the lead author of the study, noted that after the researchers had adjusted for several factors, including the number of sexual partners in the last year, alcohol, smoking, race and age, their findings demonstrated that in comparison with women who were in the highest quartile of the nutritional antioxidant score, women who were in the lowest quartile had an increased chance of contracting both low-risk and high-risk HPV infections.

The human papilloma virus is a known risk factor for cervical cancer. Cervical cancer is the fourth most common cancer that presents in women. Data has shown that in 2018, this cancer type caused 7.5% of total number of cancer deaths in women globally.

It is common knowledge that some HPV strains are more likely to set off precursor events that lead to the development of cancer. These strains are usually referred to as high-risk or oncogenic HPV strains. Nearly all cervical cancers are directly associated with prior infection with one or more high-risk HPV infections.

Lin remarked that presently, no efficacious antiviral therapy exists that can eliminate a genital HPV infection. Despite this, he added, it was crucial to determine modifiable factors, such as the antioxidants, that are linked to high-risk HPV infection because this will help prevent the onset of HPV carcinogenesis.

One shouldn’t be surprised if these research findings are used to develop products that people can take to lower their risk of developing high-risk HPV infections. However, as clinical stage bipharma companies such as AzurRx BioPharma Inc. (NASDAQ: AZRX) know, a lot of time and resources have to be invested before a potential therapy or intervention moves from the lab to being commercially available after obtaining FDA approval.

NOTE TO INVESTORS: The latest news and updates relating to AzurRx BioPharma Inc. (NASDAQ: AZRX) are available in the company’s newsroom at https://ibn.fm/AZRX

About BioMedWire

BioMedWire (BMW) is a bio-med news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with BMW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, BMW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, BMW brings its clients unparalleled visibility, recognition and brand awareness. BMW is where news, content and information converge.

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Thursday, April 22nd, 2021 Uncategorized Comments Off on $AZRX Researchers Find Antioxidants That Can Help Prevent Cancerous HPV Infection in Women

$IFBD Takes Flight in IPO, Near Term Outlook Bright

  • Infobird biggest winner across major exchanges in IPO
  • IFBD premier provider of AI-powered customer engagement solutions
  • Infobird SaaS suite of proprietary and patented offerings in high demand
  • Infobird positioned to profit from SaaS sector boom

One of the leading software-as-a-service (SaaS) providers in China, Infobird Software (NASDAQ: IFBD), launched its IPO on April 20th and quickly became the biggest winner on major U.S. exchanges that day. Not surprising since Infobird is so well recognized in a such highly profitable and dynamic sector. The good news is that after some short-term profit taking, the stock has settled down and appears quite attractive at current levels and the near-term outlook is very promising.

Over the last ten years Infobird has built a reputation as a premier provider of artificial intelligence (“AI”) powered customer engagement solutions in China. Utilizing a self-developed cloud computing structure, patented AI technologies, and a no-code development platform, Infobird delivers comprehensive solutions that maximize value for its clients. Infobird’s value-driven SaaS business solutions are designed to increase revenue, reduce costs, improve quality of service, and enhance customer satisfaction. The efficacy and value of Infobird’s offerings is evidenced by its quickly growing client base of over 10,000 paid user accounts from 358 customers in finance, education, public services, consumer products and health care. The company specializes in serving large corporate enterprises in the finance industry but also has expanded services to cover a wide range of other industries and businesses, including ecommerce giant Alibaba (NYSE: BABA).

Infobird’s unique customer engagement software effectively manages both AI customer engagement and AI salesforce management. Infobird’s suite of AI customer engagement offerings includes intelligent omnichannel customer service support, cloud call center utilities, intelligent telemarketing services and AI voice/text chatbot solutions. The company’s AI salesforce management tools include an intelligent quality inspection platform that uses real-time smart monitoring, and an interactive training program that helps clients to continuously improve the performance level of their agents. Infobird has some similarities to another SaaS company, Salesforce (NYSE: CRM), but on steroids.

SaaS is a highly successful and profitable business model where a centrally hosted software is licensed to customers via a subscription plan which not only generates recurring revenue but also opens vast channels of ancillary revenue streams. Because of these factors and others, the SaaS sector has experienced enormous growth in recent years and China is now the second-largest market in the world for cloud infrastructure spending. Spending on cloud infrastructure services in China increased an eye-popping 32% in a single year growing from $107 billion in 2019 to $142 billion in 2020. Infobird operates at the epicenter of one of the hottest growth markets in the world, offers high in-demand services, and delivers a suite of state-of-the-art value-add solutions for its clients.

Infobird is leveraging its leadership in the sector. With an eye on market dominance, the company’s self-developed proprietary technologies and multiple patents undergird its research and development capabilities as Infobird continues to snatch ever more market share. As Infobird continues its quest for more market share, more profits should easily follow and impact the valuation. Given all the positives, its little wonder that Infobird hit the market with a flash bang. Good news is that the stock has settled into an attractive trading range and has all the attributes for long-term success.

For more information, visit the company’s website at www.Infobird.com/en/index.html.

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

About ChineseWire

ChineseWire (CW) is a specialized communications platform focused on promising China-based companies that are listed in North America. As one of 40+ brands within the InvestorBrandNetwork (“IBN”), CW provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution to IBN’s millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, CW is uniquely positioned to best serve private and public Chinese companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CW brings its clients unparalleled visibility, recognition and brand awareness. CW is where news, content and information converge.

For more information, please visit https://www.ChineseWire.com

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Thursday, April 22nd, 2021 Uncategorized Comments Off on $IFBD Takes Flight in IPO, Near Term Outlook Bright

$XPHYF Achieves Critical Step Toward Commercial Sales of ‘Covid-ID Lab’

XPhyto Therapeutics (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) today announced its entry into an agreement with an established German pharmaceutical wholesaler and service provider for the distribution, storage and logistics of XPhyto’s diagnostic products in Germany. According to the update, the agreement secures XPhyto a full-service distribution partner for its 25-minute SARS-CoV-2 (COVID-19) RT-PCR test system (“Covid-ID Lab”). “With this agreement, we have secured a strong partner with an established medical distribution network throughout Germany. This is an exciting and critical step towards commercial sales of Covid-ID Lab,” said Hugh Rogers, CEO and director of XPhyto. “The company’s commercialization strategy is focused on the German market for initial product launch and the creation of robust and sustainable sales.”

To view the full press release, visit: https://ibn.fm/nn1ct

About XPhyto Therapeutics Corp.

XPhyto Therapeutics is a bioscience accelerator focused on next-generation drug delivery, diagnostic, and new active pharmaceutical ingredient investment opportunities, including: precision transdermal and oral dissolvable drug formulations; rapid, low-cost infectious disease and oral health screening tests; and standardization of emerging active pharmaceutical ingredients for neurological applications, including psychedelic compounds and cannabinoids. The company has research and development operations in North America and Europe, with an operational focus in Germany, and is currently focused on regulatory approval and commercialization of medical products for European markets. For more information visit the company’s website at www.Xphyto.com.

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

About BioMedWire

BioMedWire (BMW) is a bio-med news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with BMW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, BMW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, BMW brings its clients unparalleled visibility, recognition and brand awareness. BMW is where news, content and information converge.

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Wednesday, April 21st, 2021 Uncategorized Comments Off on $XPHYF Achieves Critical Step Toward Commercial Sales of ‘Covid-ID Lab’

$WTER Expands Partnership with America’s Largest Drugstore Chain

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the country’s largest independent alkaline water company, today announced the expansion of its existing partnership with the nation’s largest drugstore chain. Per the update, the chain is now set to carry Alkaline88(R) one-gallon bottles in approximately 8,000 stores nationwide and one-liter bottles in its “open-air coolers” across 1,000 select locations. “We are thrilled to announce that the nation’s largest drugstore chain will now start carrying our one-gallon and one-liter bottles in addition to our three-liter bottle,” said Ricky Wright, president and CEO of The Alkaline Water Company. “Over the past two years our relationship with this Fortune 500 company has continued to grow and I believe this is another positive step in a long and fruitful partnership between us. With these additions, we now have our three best-selling SKUs in the largest drugstore chain in the country and most of our customers will be able to find Alkaline88 within just three miles of their home.”

To view the full press release, visit: https://cnw.fm/z4lkX

About The Alkaline Water Company

Founded in 2012, The Alkaline Water Company is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88(R), is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88 delivers perfect 8.8 pH-balanced alkaline drinking water with trace minerals and electrolytes and boasts its trademarked label: Clean Beverage. Quickly being recognized as a growing lifestyle brand, Alkaline88 launched A88 Infused(TM) in 2019 to meet consumer demand for flavor-infused products. A88 Infused flavored water is available in six unique, all-natural flavors with new flavors coming soon. Additionally, in 2020, the company launched A88 Infused Beverage Division Inc., which includes the company’s CBD water and flavor-infused water. For the company’s topical and ingestible offerings, A88 Infused Products Inc. includes both the company’s lab-tested, full-spectrum hemp salves, balms, lotions, essential oils, and bath salts, along with broad-spectrum hemp, powder packs, oil tinctures, capsules, and gummies. To purchase A88CBD(TM) products online, visit www.A88CBD.com. To learn more about the company, visit www.TheAlkalineWaterCo.com.

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

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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Wednesday, April 21st, 2021 Uncategorized Comments Off on $WTER Expands Partnership with America’s Largest Drugstore Chain

$UUUU Strengthens REE Position with Signing of MOU

Energy Fuels (NYSE American: UUUU) (TSX: EFR) announced that it has taken the next step in the development of a fully integrated U.S. rare earth element (“REE”) supply chain by signing a memorandum of understanding (“MOU”) with Hyperion Metals Limited. The MOU calls for Energy Fuels to receive natural monazite sands from Hyperion’s Titan Project in Tennessee, which UUUU anticipates using to produce mixed rare earth element products at its White Mesa Mill in Utah. In addition, the announcement noted that the two companies have agreed to assess a potential partnership that would advance Energy Fuels’ initiative to create a fully integrated, “mine to market” U.S. REE supply chain for the electric vehicle and renewable energy industries. “Energy Fuels, along with Chemours and Neo, are creating a new U.S.-Europe rare earth supply chain,” said Energy Fuels president and CEO Mark Chalmers in the press release. “For this initiative to achieve its full potential, we are actively seeking new, ethically produced sources of monazite, with sources from the U.S. being our first priority. Therefore, we are excited to work with Hyperion to secure additional sources of monazite for processing at the White Mesa Mill. Through their association with Piedmont Lithium’s project in North Carolina, members of the Hyperion team have demonstrated to us that they have the know-how and resources to bring U.S. critical mineral projects into production. We look forward to working with the Hyperion team and potentially seeing our relationship grow through their participation in a fully integrated, low cost U.S. rare earth supply chain in the future.”

To view the full press release, visit http://ibn.fm/P0U9N

About Energy Fuels Inc.

Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 (“U308”) to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant, and expects to commence commercial production of rare earth element (“REE”) carbonate in 2021. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the United States today, has a licensed capacity of over 8 million pounds of U3O8 per year, has the ability to produce vanadium when market conditions warrant, and is completing final test-work for the production of REE carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3O8 per year. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. along with several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. 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

About MiningNewsWire

MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.

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Wednesday, April 21st, 2021 Uncategorized Comments Off on $UUUU Strengthens REE Position with Signing of MOU