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.

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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