Archive for May, 2021

$XPHYF 420 with CNW – Cannabis Prohibition Costs $53 Billion Annually in the US

When it was first initiated, the war on drugs had relatively noble goals: to eliminate the production, distribution, and consumption of psychoactive drugs, consequently reducing the number of people addicted to these drugs and stripping the criminal enterprises behind the drug trade of their resources. However, decades after former President Nixon declared the infamous war on drugs, the drug war is considered an unmitigated failure by most. Not only has it failed to curb drug use in the country and barely put a dent in the illicit drug trade, but it also has sent countless millions to prison for relatively tame offenses such as drug possession and cost the United States billions of dollars.

According to a report published on AmericanMarijuana.org, the United States loses a whopping $53 billion every year to cannabis prohibition. Most of this money goes towards cannabis arrests, prosecutions, and incarceration, with most of these individuals having done nothing more than possess small amounts of cannabis. As the country’s economy tries to shrug off the catastrophic effects of the coronavirus pandemic and the subsequent lockdowns, cannabis reform advocates argue that this money, which is mostly funded by taxpayers, could be dedicated to much better causes.

Over the past decade, more and more states have legalized cannabis for either recreational or medical use, culminating in a lucrative state-legal cannabis industry that has employed thousands of individuals across the country and provided billions of dollars in tax revenue. However, cannabis remains illegal at the federal level, meaning that the businesses and people that participate in the state-legal cannabis sector are always at risk of suffering federal repercussions.

This prohibition has undoubtedly ruined millions of lives. Not only does prosecution and incarceration negatively affect the individual’s family and the community at large, but having a criminal record also hinders an individual’s ability to seek gainful employment and obtain student loans, a driver’s license, and even housing. Once a cannabis offense blemishes your record, your chances of surviving and thriving in the increasingly capitalist America are greatly reduced.

More than that, the war on drugs has been a war on people, and as House Majority Leader Chuck Schumer says, it has often been a war on people of color. Research has found that individuals of color are much more likely to be arrested for marijuana-related offenses compared to white individuals despite similar usage rates. After decades of intense policing and harsh sentencing, these communities have been left broken and beaten down.

Thus, support for cannabis reform has been growing steadily, especially among lawmakers. Schumer has been working on a Senate version of a cannabis legalization bill with Senators Ron Wyden and Cory Baker while House Judiciary Chairman Jerrold Nadler plans to reintroduce his historic Marijuana Opportunity, Reinvestment, and Expungement (“MORE”) Act as soon as this week.

When lawmakers eventually ease the federal restrictions on cannabis, the work of companies like XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT), which is engaged in developing cannabis-based medications, will be eased somewhat since the current regulatory barriers cost lots of time and other resources to navigate.

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

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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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Thursday, May 27th, 2021 Uncategorized Comments Off on $XPHYF 420 with CNW – Cannabis Prohibition Costs $53 Billion Annually in the US

$WTER Who Won in the COVID-19 Lockdowns? Beverage Makers

NetworkNewsWire Editorial Coverage: The downside of the coronavirus pandemic and how crippling it was to certain industries has been well documented, but it should not be overlooked that some companies benefited from lockdowns and a focus on healthier habits. Beverage makers, particularly those emphasizing health and alternatives to carbonated sodas, saw a spike in sales as consumers stocked up bottled water, sports drinks and more. Higher demand created an exceptionally attractive market climate and rising revenue for The Alkaline Water Company Inc. (NASDAQ: WTER)(CSE: WTER) (Profile), the U.S.’s largest independent alkaline water company, and its Alkaline88(R) brand. Bigger peers lent further credence to the trend, as evidenced by impressive financial reports from beverage makers such as Keurig Dr Pepper Inc. (NASDAQ: KDP)Celsius Holdings Inc. (NASDAQ: CELH)NewAge Inc. (NASDAQ: NBEV) and National Beverage Corp. (NASDAQ: FIZZ), many of which have leaned on acquisitions to fuel their growth.

  • With sales surging 28% in full-year 2020 to $41.1 million, WTER is now the largest independent alkaline water company in America.
  • Alkaline water is an emerging market forecast to reach $1 billion by 2022.
  • On average, each American drank 43.7 gallons of bottled water in 2019, contributing to $34.6 billion in industry sales.
  • NBA icon Shaquille O’Neal has become an equity partner in WTER; will serve as advisor, marquee brand ambassador.

The Dominant Player in Alkaline Water

In 2019, bottled water for the fourth consecutive year was the most popular beverage in America by volume, outselling carbonated soft drinks yet again, according to Beverage Marketing Corporation; sales in 2019 reached $34.6 billion. Data from market research firm Statista shows that 88% of Americas drink water every day, and 26% buy name brand water as part of drinking, on average 43.7 gallons, of bottled water in 2019. That’s about 15.3 ounces per day for every person in the country.

The megatrend the water majors are now trying to capture is the increasing consumer health consciousness towards enhanced water as a replacement for sugary drinks, a trend that was emphasized by the pandemic. Fact is that people bought more of or were introduced to value-added water for the first time during COVID-19 lockdowns for any number of reasons, and many of those consumers have now incorporated these functional beverages as part of their lifestyle.

The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) is the largest independent player in the alkaline water market with expectations of reaching $1 billion by next year. As the name implies, the Scottsdale, Arizona-based company specializes in producing drinking water with trace minerals and electrolytes. Its “secret sauce” is in using technology to offer water with an alkaline pH of 8.8, compared to a neutral pH of 7.0 for regular drinking water. The higher pH is believed by advocates to have a bevy of benefits, potentially slowing the aging process, regulating the body’s pH level (neutralizing acidity commonly presented in some diseases) and deactivating pepsin, a principal culprit in acid reflux, although WTER does not make any of these claims.

In 2019, WTER widened its portfolio beyond its flagship Alkaline88 brand with the launch of six flavor-infused products branded A88 Infused(TM). The products are sold in an estimated 75,000 retail stores, which while impressive, leaves plenty of head room for growth as it represents only 8% of all retail and hospitality outlets available to consumers. Management has a goal of reaching 90,000–100,000 retail locations in the next year. Any bigger peer looking for immediate market share could leverage WTER’s existing distribution — plus its direct-to-store Delivery (“DSD”) platform that now reaches over 10,000 customers — combine it with their network and dominate the alkaline water market segment.

Customers Keep Coming Back for More

The idea of brand awareness and lifestyle changes related to water during the coronavirus pandemic was put on full display by independent data showing 31% of the people who drank Alkaline88 during the 52-week period ended March 6, 2021, were first-time buyers. Furthermore, the research showed that almost half (47%) of the people who tried Alkaline88 during that time span purchased the water a minimum of four times.

The Alkaline Water Company checks all the boxes with respect to social culture and brand loyalty today. Millennials and younger generations are passionate about ethos and factor that into decision making about purchases and sticking with brands. The company adheres to the most stringent industry guidelines enforced by individual states, Food and Drug Administration, Environmental Protection Agency and International Bottled Water Association (“IBWA”). WTER was the first company in the industry to offer environmentally friendly aluminum packaging and even redesigned its ionization system to use less power and water.

Shaquille O’Neal Joins the Team

Shaquille O’Neal is known for many things, including his Hall of Fame basketball career, humor and insight as an NBA analyst and business acumen that has resulted in a branded empire. He’s widely sought after to endorse products as an A-list brand influencer with a fan base of millions of followers. Shaq is in a position to be selective as to which brands he chooses to endorse. He currently stars in commercials for the General, Icy Hot, Papa John’s, Epson, Ring and Carnival Cruise Lines among other tier-one brands.

As he said in a 2018 interview with HBO Real Sports, O’Neal won’t promote a product unless he genuinely likes it or uses it himself.  “If I am going to sell to the people, I have to be honest to the people,” O’Neal said during the interview.

That speaks volumes for Alkaline88, as Shaq recently entered a three-year partnership with the company. According to the agreement, O’Neal is now an equity partner in WTER, advisor and marquee brand ambassador. “Alkaline88 is an innovative product in the water category and I am so excited to partner with The Alkaline Water Company to help raise their game to new heights,” said O’Neal. “I am humbled by the opportunity to join the Advisory Board while also being a brand ambassador.”

“[Shaquille’s] reputation as an astute investor, larger-than-life brand partner, and phenomenal ambassador makes this partnership extremely exciting,” said Aaron Keay, Chairman of The Alkaline Water Company. “We want to welcome Shaquille to the Company’s advisory board and believe his positive presence and global outreach will enable Alkaline88 to aggressively push our growth trajectory even faster.”

Growing Sales and a Multiple Story

With 47% customer retention, Alkaline88 can become a household brand through additional exposure. Shaq certainly brings that to the table as a strong complement to other partnerships and team additions being made. For instance, WTER recently partnered with Hensley Beverage Company for DSD throughout the state of Arizona.

All this is translating to improved sales, including reporting record numbers in the last full year. Q4 2020 revenue totaled $12.1 million, representing 51% year-over-year growth, while sales for all of 2020 were $41.1 million, 28% higher than 2019. These sales figure are particularly relevant in the food and beverage industry as a quantifiable metric of value. Beverage companies traditionally sell between four to six times gross revenue.

In Q3 fiscal 2021, which ended December 31, 2020, the company reported record revenue of $10.2 million, up 20% from a year earlier. Even factoring zero growth resulting from WTER’s recent partnership announcements, which seems extremely unlikely, the company’s FY 2021 forecast would be approximately $41 million, holding steady with last year’s performance. Currently, WTER’s market cap is an estimated $105 million, or 2.5x gross revenue. In a market that has seen segment leaders such as Core (see below) and Essentia (by Nestle) acquired at highly favorable multiples, The Alkaline Water Co. stands out as a potentially undervalued takeover candidate.

Capitalizing on the Trend in Beverages

The writing has been on the wall for two decades that consumer trends were headed away from sugary drinks and straight toward more flavorful and functional waters that are perceived as far healthier. Beverage companies have had to adapt, and the majors have shown that they’re not afraid to open their checkbooks in order to carve back some of the evaporating soda revenue via value-added waters.

Keurig Dr Pepper Inc. (NASDAQ: KDP) made its foray into the premium water market in September 2018, agreeing to pay $525 million in stock to acquire CORE(R) Nutrition LLC. In its three years in business, CORE quickly emerged as a leading player with its two flagship products: CORE Hydration, a premium, nutrient-enhanced bottled water, and CORE Organic, USDA-certified organic enhanced fruit hydration. The two were already close allies, with KDP managing about two-thirds of CORE’s U.S. distribution pre-acquisition. After posting an 11% increase in company-wide net sales to $2.9 billion in Q1 2021, KDP increased its outlook for 2021 net sales growth to 4%-6%, from prior guidance of 3%-4%.

Celsius Holdings Inc. (NASDAQ: CELH), a maker of five certified kosher and vegan beverage lines in the performance energy beverage sector, showed this month that 2021 got off to a great start. The Boca Raton, Florida-based company reported 78% revenue growth in Q1 to $50 million compared to $28.2 million in Q1 2020. Domestic revenue surged 101% year-over-year to $39.0 million during the quarter. International sales rose 25%, including 22% growth in Nordic sales to $10.4 million where the launch of a new Tropical Twist flavor late in March helped offset stocking voids related to COVID-19 lockdowns.

NewAge Inc. (NASDAQ: NBEV) has a storied history dating back to 2003 when the company was originally formed as a beverage distributor. Adding its first product, Aspen artisanal water sourced from the Colorado Rocky Mountains, in 2004, the company has since grown into a global diversified organic and healthy products company centered on helping people to live healthy. Owing largely to closing the acquisition of ARIIX and four other e-commerce/direct selling companies in November, sales exploded in the first quarter of 2021, jumping 97% from the year prior quarter to $125.5 million as the company eyes its goal of annual revenue over $500 million.

National Beverage Corp. (NASDAQ: FIZZ) is best known today for its sparkling waters, juices and energy drinks, but its origins go back nearly 40 years with its flagship brand being Shasta carbonated sodas. Today, the company remains a sparkling water juggernaut that controls about 15% of the market despite having to overcome a frivolous lawsuit in 2018 that temporarily tarnished the LaCroix water brand. The COVID-19 pandemic didn’t slow sales at FIZZ as evidenced by the best Q3 (ended Jan. 30, 2021) ever for the company with sales of $246 million, led by LaCroix sparkling water.

As the functional water sector grows, companies that consistently meet key performance indicators will most certainly be those catching the attention of majors when they start looking to score big in the revenue and profits game.

For more information about The Alkaline Water Company, please visit The Alkaline Water Company.

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Thursday, May 27th, 2021 Uncategorized Comments Off on $WTER Who Won in the COVID-19 Lockdowns? Beverage Makers

$RWBYF Completes Pre-Qualification for Entry into Michigan Market

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) today announced that it has completed the more comprehensive portion of Michigan’s two-step application process for marijuana licensing through a wholly owned operating subsidiary, RWB Michigan LLC. The Marijuana Regulatory Agency (“MRA”) pre-qualification represents authorization of the company to proceed with its full operational strategy in the state and complete the licensing process for its intended facilities. All application materials, background checks and payment of the application fees have been completed as part of the first step, which is pre-qualification. “Michigan has been one of the highest bars of entry to any market we’ve entered. The regulatory body has done it right and all stakeholders should feel comfort with the level of scrutiny and governance we have to be compliant with as operators. This now provides a path for us to fully execute on our strategy of being the house of brands and being great channel partners to all of our distribution points as well as our own planned flagship retail locations,” said RWB CEO and Chairman Brad Rogers. “Entering Michigan provides RWB access to a market with a population of approximately 10 million people, and one where recent state monthly sales are over US$145 million. Given the number of documents and rigorous background check process, pre-qualification is the most significant regulatory hurdle in the Michigan marijuana licensing process.”

To view the full press release, visit https://ibn.fm/S6kYX

About Red White & Bloom Brands Inc.

The company is positioning itself to be one of the top three multistate cannabis operators active in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on the major U.S. markets, including Michigan, Illinois, Massachusetts, Arizona, and California with respect to cannabis, and the U.S. and internationally for hemp-based CBD products. For more information about the company, visit www.RedWhiteBloom.com.

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

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Thursday, May 27th, 2021 Uncategorized Comments Off on $RWBYF Completes Pre-Qualification for Entry into Michigan Market

$IDEX UK College to Start Training EV Mechanics This September

Although it is quite young, the electric vehicle (“EV”) industry is poised to gradually take over the roads. Eager to reduce their reliance on fossil fuels and ultimately cut down their carbon emissions, several countries around the world are planning to gradually replace their internal combustion engine (“ICE”) vehicles with zero-emission EVs. The UK, which recently brought forward its timetable for phasing out ICE vehicle sales from 2040 to 2030, will soon be home to one of the world’s first batches of independently trained EV mechanics.

Save for a few similarities, electric vehicles and conventional gas-powered cars have vastly different internal structures. Even the most experienced car mechanic wouldn’t be able to fix an EV without proper training, but a college in the UK is now providing an opportunity for mechanics to learn. There are around 239,000 EVs and 900,000 hybrids in the UK, and Coleg Cambria will teach mechanics how to service and repair such vehicles at its Bersham Road Campus in Wrexham.

With several countries across the globe working to replace their fleets with electric vehicles over the next decade or two, the demand for skilled EV mechanics will skyrocket. At the moment, however, only a paltry 5% of the 202,000 vehicle technicians in the UK are qualified to serve and repair electric vehicles. Alex Woodward, a course tutor at Coleg Cambria, says that as the number of EVs on the road increases, the motor industry has to be adequately prepared.

Qualified independent EV mechanics will be especially crucial as the second-hand EV market picks up more steam. Once warranties start expiring, EV owners will have to take their vehicles to independent garages for servicing and repairs. If there is adequate qualified and reliable EV mechanics, drivers will be more willing to buy secondhand electric vehicles. The college will offer a motor-industry hybrid, EV-repair level-three qualification, and according to Woodward, the college is at the helm of a revolution.

Since electric vehicles are powered by massive battery packs, dangerously high voltages are involved. To keep the students safe while they train, Coleg Cambria purchased a simulator that allows the students to learn in a safe, controlled environment. Sam Conway is an apprentice mechanic who works at a garage in Fljntshire while he studies diagnostics. He will be graduating in September, after which he plans to complete the new EV and hybrid course Coleg Cambria offers.

As this college churns out top-rated EV mechanics, this effort will be an excellent complement to the work of other entities, including Ideanomics Inc. (NASDAQ: IDEX), which are investing in facilitating a speedier adoption of electric vehicles, especially heavy commercial vehicles.

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

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Gage Growth Corp. Announces Record First Quarter 2021 Results and Provides Business Update

PR Newswire

  • Record Q1 2021 revenue of $17.6 million , an increase of 219.4% YoY and 67.9% quarter over quarter
  • Ended the quarter with over $43.6 million of cash
  • Gross margins of 26.1% compared to 17.3% in Q4 2020, sequential quarter growth of 880 basis points
  • The state of Michigan posted $154 million of cannabis sales in April, which equates to approximately $1.85 billion when annualized, positioning Michigan as the third largest cannabis market in the United States based on this run-rate
  • Eight cultivation facilities in operation today (three Gage operated and five contracted cultivation assets) compared to two cultivation facilities in Q1 2020; the Company expects to expand to 13 cultivation facilities by year end
  • Strong average basket size of $158 in the first quarter of 2021
  • Expects to operate in-house processing asset in the third quarter of 2021 leading to further margin expansion
  • Entered into strategic outdoor off-take agreement for up to 10,000 pounds of premium Gage and Cookies flower strains

DETROIT May 27, 2021 – Gage Growth Corp. (“Gage” or the “Company”) (CSE: GAGE) a leading high-quality cannabis brand and operator in Michigan , today reported its financial results for the three months ended March 31, 2021 . All currency references used in this press release are in U.S. dollars unless otherwise noted.

Financial Highlights for the quarter ended March 31, 2021

(in millions of US Dollars)

Q1-2021

Q4-2020

Revenue

$17.6

$10.5

Gross Profit

$4.6

$1.8

Gross Margin %

26.1%

17.3%

Adjusted EBITDA

($3.8)

($5.7)

Net Loss

($10.8)

($14.5)

Cash, End of Period

$43.6

$45.5

See “Non-IFRS Financial Measures” below for more information regarding Gage’s use of Non-IFRS financial measures and other reconciliations.

Revenue increased to $17.6 million in the first quarter of 2021, as compared to $10.5 million in the fourth quarter of 2020, a 67.9% increase. This strong quarter over quarter growth was driven primarily by cultivation capacity expansion and two new dispensary openings.

Gross margin, before gain on fair value of biological assets, was 26.1% in the first quarter of 2021 compared to 17.3% in the fourth quarter of 2020. The 880 basis point improvement quarter over quarter in gross margin to 26.1% is due to a greater mix of higher margin sales from retail locations and cultivation capacity expansion via Gage operated cultivation assets, contract grow partners and lower input costs from dedicated wholesale partners. The Company anticipates further quarter over quarter margin expansion in Q2 2021 as cultivation yields increase from Gage operated assets and more contract grow partners come online.

Management Commentary

“After Gage’s tremendous growth this quarter with revenue of $17.6 million , we expect our first half of 2021 revenue to exceed full fiscal year 2020 revenue and more than double the first half of fiscal year 2020. We are rapidly growing as our investments in infrastructure have started to deliver operating leverage and the team continues to meet the evolving needs of our patients, customers and communities,” said Fabian Monaco , CEO of Gage.

Mr. Monaco continued, “Demand for Gage’s products and retail experience, along with the Michigan market, is extremely strong as cannabis continues to behave like a consumer staple. We opened two new dispensaries during the quarter, including the first adult-use Cookies branded dispensary in the Midwest. In late April, we opened our Battle Creek location, bringing our total retail footprint to eight dispensaries. On the cultivation side, the Company’s three cultivation facilities are fully operational and keeping pace with rising consumer demand while we continue to optimize yields and efficiency.  This is all made possible by the dedicated team members we have throughout the organization.”

Mr. Monaco concluded, “Overall, we continue to execute on our growth strategy in 2021. We are excited to build on our momentum and are already seeing great performance evidenced by continued expansion of our retail and cultivation footprint.”

Operational Updates and Developments

1.  Outdoor Off-Take Agreement

  • The Company is pleased to announce it has entered into an off-take agreement securing up to 10,000 pounds annually of premium Gage and Cookies flower strains.
  • Highlights the Company’s continual push to expand its product line and brand via a capital light strategy with an attractive cost per pound of only $400 which will further expand margins.
  • Will increase the Company’s flower offering and secure cost-effective supply for processing initiatives in H2 2021 and H1 2022.

2.  Opening 9 th Gage operated dispensary on May 28 th , 2021 in Jackson, Michigan

  • The Company continues to execute on its retail expansion strategy with the goal of opening 20 locations by year end.

3.  Delivering on cultivation ramp-up and opening of processing lab to satisfy consumer demand

  • Currently eight cultivation facilities (three Gage operated and five contracted cultivation assets) are operational in the Company’s portfolio compared to only two cultivation facilities in operation in Q1 2020.
  • The Company’s Monitor Phase II cultivation expansion is expected to be completed in Q4 2021, with the 80,000 sq. ft. building now fully complete and indoor build-out starting by the end of Q2 2021.
  • Five contract grow partners in operation today, of which three have already delivered product while the remaining two partners are currently harvesting product. The Company anticipates adding several more partners by the end of the year and expanding our total grow capacity to over 7,000 pounds per month by the end of the year.
  • Gage is expected to open a processing asset in the third quarter of 2021. This will allow the Company to produce in-house branded extract-based products which command significantly higher margin. Additionally, the processing facility allows the Company to introduce new products (Blue River™ Extracts & Terpenes) and bring internationally recognized brands to market (SLANG Worldwide).

Q2 2021 Outlook (1)

The Company reiterates Q2 2021 revenue guidance of $26 -31 million previously provided. The Company further reiterates guidance previously provided of flower margins expanding in Q2 2021 and anticipates a further material increase in Q2 2021 gross margin from improved output from its cultivation facilities and improvement in input costs.

Notes:

  1. These preliminary and unaudited financial results are subject to customary financial statement procedures by the Company. Actual results could be affected by subsequent events or determinations. While the Company believes there is a reasonable basis for these preliminary financial results, the results involve known and unknown risks and uncertainties that may cause actual results to differ materially. These preliminary fiscal results represent forward-looking information. See “Cautionary Note Regarding Forward-Looking Information and Statements” and “Financial Outlook”.

Conference Call

The Company will host a conference call on Friday, May 28, 2021 at 8:30 a.m. ET to review its operational and financial results and provide an update on current business trends.

To join the call, dial 1-877-317-6789 toll free from the United States or Canada or 1-412-317-6789 if dialing from outside those countries.

The call will be available for replay until Friday, June 11, 2021 . To access the telephone replay, dial 1-877-344-7529 toll free from the United States , 1-855-669-9658 from Canada or 1-412-317-0088 if dialing from outside those countries, and use the following replay pin number: 10157206.

Please call the conference telephone number 5-10 minutes prior to the start time.

A live audio webcast of the call will also be available at https://services.choruscall.com/mediaframe/webcast.html?webcastid=w3Qc6mqM .

About Gage Growth Corp.

Gage Growth Corp. is innovating and curating the highest quality cannabis experiences possible for cannabis consumers in the state of Michigan and bringing internationally renowned brands to market. Through years of progressive industry experience, the firm’s founding partners have successfully built and grown operations with federal and state licenses, including cultivation, processing and retail locations. Gage’s portfolio includes city and state approvals for 19 “Class C” cultivation licenses, three processing licenses and 13 provisioning centers (dispensaries).

For more information about Gage Growth Corp., visit www.gagecannabis.com

Instagram: @gagecannabis
Facebook: @gageusa
Twitter: @gagecannabisco

Sources: Gage Growth Corp., Marijuana Regulatory Agency.

Explanatory Note Regarding the Company’s Operations

References in this news release to the Company and its operations and assets are inclusive of the operations and assets of certain licensed cannabis operators that operate under the Gage brand pursuant to contractual arrangements with the Company.  For additional information, please refer to the Company’s long form prospectus dated March 26, 2021 and other disclosure documents available on the Company’s profile at www.sedar.com .

Non-IFRS Financial Measures

The Company has provided certain non-IFRS financial measures including “Gross Margin” and Adjusted EBITDA. These non-IFRS financial measures do not have a standardized definition under IFRS, nor are they calculated or presented in accordance with IFRS and may not be comparable to similar measures presented by other companies. The Company defines “Gross Margin” as Gross Profit before fair value of inventory and biological assets divided by Revenue. The Company calculates Adjusted EBITDA as net income as reported adjusted to exclude the impact of the following items:  fair value adjustment of sale of inventory, fair value adjustment on growth of biological assets, provision for income taxes, foreign exchange (gain)loss, change in fair value of investments, interest expense, share based compensation, depreciation and amortization, costs associated with public listing, impairment loss, loss on financial instruments and gain on sale of fixed assets.

The Company has provided these non-IFRS financial measures as supplemental information and in addition to the financial measures that are calculated and presented in accordance with IFRS. The Company believes that these supplemental non-IFRS financial measures provide a valuable additional measure to use when analyzing the operating performance of the business. As other companies may calculate these non-IFRS measures differently than the Company, these metrics may not be comparable to similarly titled measures reported by other companies. These supplemental non-IFRS financial measures should not be considered superior to, as a substitute for or as an alternative to, and should only be considered in conjunction with, the IFRS financial measures presented herein.

See the Company’s management’s discussion and analysis for the three months ended March 31, 2021 (the “Q1 2021 MD&A”) for a detailed reconciliation of Adjusted EBITDA to Net Income / (Loss). The Company’s financial statements for the three months ended March 31, 2021 and the Q1 2021 MD&A are available on SEDAR at www.sedar.com .

Caution Regarding Cannabis Operations in the United States

Investors should note that there are significant legal restrictions and regulations that govern the cannabis industry in the United States . While legal in certain states, cannabis remains a Schedule I drug under the U.S. Controlled Substances Act, making it illegal under federal law in the United States to, among other things, cultivate, distribute or possess cannabis. Financial transactions involving proceeds generated by, or intended to promote, cannabis-related business activities in the United States may form the basis for prosecution under applicable U.S. federal money laundering legislation.  Investors should carefully read the risk factors and disclosures contained in the Company’s long form prospectus dated March 26, 2021 and other disclosure documents available on the Company’s profile at www.sedar.com .

Cautionary Note Regarding Forward-Looking Information and Statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Gage’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Gage’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but are not limited to, statements about the anticipated expansion of the Company’s operations and growing capacity in Michigan , projected financial results for the second quarter of 2021, potential acquisitions and the Company’s prospects and the cannabis market generally in the state of Michigan .

By identifying such information and statements in this manner, Gage is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, Gage has made certain assumptions. Although Gage believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Among others, the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: unexpected costs or delays in the completion of the Company’s proposed dispensaries and other operations; negative results experienced by the Company as a result of general economic conditions or the ongoing COVID-19 pandemic; delays in the ability of the Company to obtain certain regulatory approvals; unforeseen delays or costs in the completion of the Company’s construction projects; adverse changes to demand for cannabis products; ongoing projects by competitors that may impact the relative size of the Company’s operations; adverse changes in applicable laws; adverse changes in the application or enforcement of current laws, including those related to taxation; increasing costs of compliance with extensive government regulation; changes in general economic, business and political conditions, including changes in the financial markets; and the other risks disclosed in the Company’s long form prospectus dated March 26, 2021 and other disclosure documents available on the Company’s profile at www.sedar.com .

The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Gage does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

Financial Outlook

This news release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for the second quarter of 2021 and may not be appropriate for any other purpose. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed in this press release and assumptions with respect to market conditions, pricing, and demand. The actual results of the Company’s operations for any period will likely vary from the amounts set forth in these projections and such variations may be material. The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading “Cautionary Note Regarding Forward-Looking Information and Statements”, it should not be relied on as necessarily indicative of future results.

Third Party Information

This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources.

Thursday, May 27th, 2021 Uncategorized Comments Off on Gage Growth Corp. Announces Record First Quarter 2021 Results and Provides Business Update

$EXN Report Notes That Chinese EV Sales Could Boost Commodities Market

Analyst firm CRU recently released an electric vehicle (“EV”) report which highlights that China, currently the leader in the sale of new energy vehicles internationally, is expected to venture into Western markets while maintaining its market position, which makes up half of all expected global new energy vehicles, in the next 10 years.

CRU, which conducts independent market analyses of various commodities and is based in London, also noted in its report that local sales would be boosted by consumer demand as the availability of high-quality models grew and new energy vehicle (“NEV”) prices continued to decrease. However, sales would primarily be driven by government policies.

The report stated that the Chinese government had revealed its plans to increase NEV sales to 20% by 2025 before moving to 50% by 2035.

The document also notes that the Asian giant may begin to target international buyers in the near future given that government subsidies to the automotive industry have begun decreasing and the country already has an advantage over the West, with regard to manufacturing scale.

In addition, the report explains that while it is practical, exporting electric vehicles may be challenging for Chinese manufacturers because there are no widely accepted Chinese car brands in the United States and Europe. Additionally, conventional fossil-fuel automotive sales in the U.S. and Europe are higher for other brands, in comparison with Chinese brands.

However, the study goes on to report that if electric vehicles produced in China were marketed appropriately, became widely available and were price competitive, they could easily become globally popular in the next decade.

The report gives the example of Japanese vehicles, which weren’t very popular outside of Japan until the late ‘60s. However, this changed after the Toyota Corolla was launched, propelling Toyota into the international powerhouse it is today in the automotive industry.

Some steps have been taken by Dacia and Tesla to manufacture affordable low-range electric vehicles in China, which are then marketed overseas.

CRU argues that the global new energy vehicle landscape may undergo an important transformation, if one or a few EV manufacturers in China are successful in increasing the production of affordable vehicles that are accepted by European markets.

It also states that product demand may be affected greatly if electric vehicle manufacturers in China successfully market their commodities overseas, adding that as new energy vehicles occupy a bigger share of international automotive sales, the demand shift of crucial automotive materials such as copper, aluminum and steel will be boosted.

As the demand for those automotive materials rises, mineral producers such as Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) are likely to deliver greater shareholder value in the coming years and even decades.

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

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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, May 27th, 2021 Uncategorized Comments Off on $EXN Report Notes That Chinese EV Sales Could Boost Commodities Market

$CLXPF Legendary Investor Believes Investment Potential of Psychedelics Exceeds That of Marijuana

May 27, 2021Psychedelics drugs are becoming more popular as more research discovers the potential they possess for treating various mental health conditions. These substances have been ignored since the 1960s, and while they are still illegal in various states across the country, many companies are betting that the substances will be big, given both the anecdotal and preliminary scientific evidence showing that the compounds may be even more efficacious than the current pharmaceuticals prescribed to manage various disorders.

These findings have garnered the attention of many, from Wall Street to independent investors, who believe that psychedelics will be huge in the near future. One of them, O’Shares ETFs chairman and Shark Tank co-host Kevin O’Leary, notes that the potential of psychedelics exceeds that of marijuana greatly. O’Leary has invested in Compass Pathways and MindMed and states that this is a new area of medicine that has a lot of potential. Compass Pathways is set to release results from one of its clinical trials before the year ends.

Additionally, Wall Street estimates that psilocybin as a treatment option, particularly for treatment-resistant depression, could reach annual sales of $1 to $5 billion.

A good example of how psychedelic drugs can be used to help individuals who suffer from various mental conditions when conventional treatments and other alternative treatments aren’t effective is Daniel Carcillio, the CEO of Wesana Health. Carcillo, a former National Hockey League player, experienced traumatic brain injuries as an athlete and was on the verge of suicide before discovering mushroom-based alternative medical treatments.

Carcillo revealed that after his first psychedelic trip, he woke up the next day feeling normal, adding that his symptoms reduced in intensity before they faded away. He notes that today, he no longer suffers from depression and anxiety. While Carcillo’s experience is an anecdotal one, the growing evidence of clinical research that confirms the effective use of psychedelic substances to treat various mental disorders, including PTSD and depression, back his claims.

Additionally, articles published in “Nature Medicine” and the “New England Journal of Medicine” have discussed the latest results on psilocybin and MDMA, which is commonly known as ecstasy, as potential drug breakthroughs, which is encouraging to hear.

Wesana Health is working towards supporting neurological wellness and looking for treatments that treat various conditions, ranging from depression and anxiety to PTSD and TBI. The company is planning on filing for approval from Health Canada in this year’s fourth quarter and also for FDA approval in the United States.

The conviction that psychedelic-based medicines have the potential to do so much in helping people suffering from various mental health conditions could possibly explain to industry watchers why companies such as Cybin Inc. (NEO: CYBN) (OTCQB: CLXPF) are devoting significant portions of their resources to R&D in this new 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

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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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Thursday, May 27th, 2021 Uncategorized Comments Off on $CLXPF Legendary Investor Believes Investment Potential of Psychedelics Exceeds That of Marijuana

$XPHYF University of Washington Study Suggests Coronavirus Fatalities May Be Higher Than Official Reports Have Indicated

Researchers from the Institute for Health Metrics and Evaluation (“IHME”) at the University of Washington have discovered evidence suggesting that the number of individuals who have succumbed to the coronavirus is higher than official reports have indicated. The team performed an analysis on fatalities caused by the coronavirus and reported its findings on the IHME website.

Many physicians involved in the fight against the pandemic agree that the number of individuals who have succumbed to this fatal disease is higher than official reports have shown. The discrepancy in numbers is mainly because many individuals who died weren’t listed as coronavirus casualties and were instead listed as dying from other causes.

While most medical experts seem to agree on this, the degree of difference seems to be a bone of contention. This is why the researchers from the University of Washington decided to calculate estimates for the total number of individuals who have died from COVID-19 in each country and find a global aggregate.

The team of researchers accomplished this by going through the death records for every country covering the pandemic period and comparing the average number of fatalities over the last few years with the records. The researchers assumed that any numbers in excess were attributed to the coronavirus or other factors linked to the COVID-19 pandemic, such as a higher chance of dying from a terminal illness due to fear of seeking treatment in a pandemic.

They also counted fatalities across the globe week by week in order to create their estimates. To do this, the researchers factored in half a dozen drivers of mortality, which include decreases in deaths caused by other ailments, decreases in deaths due to less spread of other ailments, decreases in deaths due to fewer accidents, a rise in deaths due to increases in mental health conditions, a rise in deaths caused by delayed treatment for other diseases and the total official fatalities from the coronavirus.

After conducting an analysis of the data, the team of scientists discovered major inconsistencies between the death tallies they found through calculations and the official reports. For instance, the researchers found that the number of COVID fatalities added up to 170,000 in Egypt, while official reports only recorded over 13,000 fatalities.

Additionally, they discovered that the actual death toll in the United States is about two times higher than official reports indicate. The reports show that as of May 3, the death toll head totaled more than 574,000. However, the researchers’ calculations show that the number of fatalities is more than 905,000.

Luckily, many companies such as XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) have invested heavily in developing rapid diagnostic kits, so it is likely to get easier to identify individuals who are infected by the illness.

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://ibn.fm/XPHYF

About BioMedWire

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Monday, May 24th, 2021 Uncategorized Comments Off on $XPHYF University of Washington Study Suggests Coronavirus Fatalities May Be Higher Than Official Reports Have Indicated

$WTER 420 with CNW – Poll Shows Mississippi Voters Favor Impeaching Justices Who Voided Medical Marijuana Measure

A majority of Americans support legalizing cannabis, at least for medical purposes, and the numbers show it. In Mississippi, for instance, voters approved a ballot initiative to legalize medical marijuana in the state. The win was, however, overturned by the state Supreme Court after a city mayor filed a legal challenge against the citizens’ initiative, arguing that it violated procedural rules laid out by the constitution.

According to a poll undertaken shortly after the ruling went public, Mississippi voters are in favor of impeaching the judges who overturned the medical marijuana ballot initiative. Mississippi-based Chism Strategies, which had provided help to supporters of the now-void voters’ initiative, conducted the study. The company found that 60.9% of Mississippi voters were against the Supreme Court’s decision to overturn the initiative and entirely do away with the process of gathering signatures to allow voters to decide issues at the ballot.

Only 22% of the respondents supported the ruling while 59.6% felt that Miss. Governor Tate Reeves should call a special session to discuss medical marijuana. The thought of holding such a session has been on many people’s minds since the ruling, with inside sources saying that some lawmakers have already mentioned the issue to the governor’s office. House Speaker Phillip Gunn has voiced his support for a special session, stating that he believes that voters have the right to use the referendum and initiative process as it gives them a direct say in public policy issues.

More than 69% of the Mississippi residents polled had voted in favor of the medical cannabis initiative while 25.2% voted against it. The poll, which was conducted over mobile with landline and cell phone users, had a marginal error of 3.26%. According to Brad Chism from Chism Strategies, support for the medical cannabis ballot initiative was bipartisan with both Republicans and Democrats reacting with shock to the Supreme Court’s decision.

In fact, 52% of those polled revealed that they were “much” or “somewhat” less likely to vote for a lawmaker who supported legalizing medical marijuana in the state while under 30% were “much” or “somewhat” more likely to support a candidate who opposed medical marijuana. Additionally, 69.7% of Mississippi voters supported the idea of the legislature allowing a medical cannabis program similar to the one initiated by the voter-passed ballot initiative.

The decision to overturn the 2019 ballot initiative came after Mary Hawkins, mayor of the city of Madison, filed a lawsuit alleging that some procedural rules for placing measures on the ballot had been violated. The Supreme Court obliged and voided the medical marijuana initiative.

Cannabis industry actors such as The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) may empathize with the voters in Mississippi who saw their ballot decision go up in smoke on a technicality.

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.

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Monday, May 24th, 2021 Uncategorized Comments Off on $WTER 420 with CNW – Poll Shows Mississippi Voters Favor Impeaching Justices Who Voided Medical Marijuana Measure

$SRAX Sequire Platform Bringing Clarity to Public Companies

SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its software-as-a-service (“SaaS”) platform, was recently featured in a Wall Street Journal article by Laura Kiernan, the chief executive of High Touch Investor Relations. Kiernan noted that executives should endeavor to diversify their company’s shareholder base, “including reaching out to potential new investors, explaining the company’s strategy and allocating time with the CFO or other senior managers.” She further stated that although targeting specific shareholders is a laborious process, it can result in higher market capitalization and substantial trading volumes. A recent article summarizing Kiernan’s insight in relation to SRAX notes that SRAX’s Sequire SaaS investor platform is tailored to achieve precisely this. It brings “clarity to public companies through a unique suite of tools that include investor tracking, warrant management and shareholder surveys.”

To view the full article, visit https://ibn.fm/hFX2E

About SRAX Inc.

SRAX is a financial technology company that unlocks data and insights for publicly traded companies. Through its premier investor intelligence and communications platform, Sequire, companies can track their investors’ behaviors and trends and use those insights to engage current and potential investors across marketing channels. For more information about the company, visit www.SRAX.com and MySequire.com.

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

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Monday, May 24th, 2021 Uncategorized Comments Off on $SRAX Sequire Platform Bringing Clarity to Public Companies

$RWBYF Acquires Acreage Holdings Florida Operations

  • Completed acquisition of Acreage Florida, Inc and related owned and leased real estate assets
  • Licensed to operate 35 dispensaries, a processing facility and a cultivation facility in Florida
  • Florida cannabis market is poised for tremendous growth and it is forecasted to be a top 5 State by the year 2025

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), the torchbearer for a new, higher standard in the American cannabis industry, has announced its new subsidiary RWB Florida LLC, has completed the acquisition of Acreage Florida, Inc. and the related owned and leased real estate assets (https://cnw.fm/xJfKg). This deal includes over 15 acres of land, a 114,000 SF facility for cultivation, a 4,000 SF freestanding administrative office building, and eight leased stores in prime locations throughout Florida.

RWB is positioning itself to be one of the top three multi-state cannabis operators in the US legal cannabis and hemp market. The Company is on a mission to be the superior and most recognizable cannabis company in the US by holding itself to the highest ethical, manufacturing, education, branding and employment standards.

“Our employees are impressed with Red White & Bloom’s commitment to the local communities as they expand their ESO program around the environment, jobs, social justice and governance,” stated Jim Frasier, Florida General Manager for RWB. “We are excited to play a major role in the benefits cannabis can bring to the state of Florida.”

The Company is licensed to operate 35 dispensaries, a processing facility, and a cultivation facility in Florida. With 30 double-wide fully enclosed cultivation pods ready to deploy in the state, RWB plans to expedite the opening of additional medical marijuana dispensary locations and the implementation of home delivery (https://cnw.fm/Nmi8A).

“The Florida cannabis market is poised for tremendous growth and is forecasted to be a top 5 State by the year 2025,” said Brad Rogers, CEO of RWB. “With approximately 450,000 medical cannabis patients currently registered in Florida, we see this as an amazing growth opportunity for the Company. Combine this with a population of 20M and we are delighted this deal has been finalized and look forward to delivering the highest quality medical products to the market.”

The Company has currently completed or has definitive agreements for acquiring THC licensed entities in Michigan, Illinois, Florida, California, and Massachusetts. Once all acquisitions are completed, RWB will be available in 6 of the top 10 US states.

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

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

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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Monday, May 24th, 2021 Uncategorized Comments Off on $RWBYF Acquires Acreage Holdings Florida Operations

$IDEX Stays True to Eco-Friendly Resolve

Ideanomics (NASDAQ: IDEX), a global company made up of two divisions, Ideanomics Mobility and Ideanomics Capital, holds to a mission to drive the sustainability transformation globally. True to its resolve, the company graced NASDAQ’s virtual closing bell ceremony on April 23 and subsequently rang the bell, wrapping up Earth Week. Also in line with this environmental focus, Ideanomics subsidiary Solectrac recently donated its first Compact Electric Tractor (“CET”) production unit to Kōkua Learning Farm, a non-profit Hawaiian foundation that supports environmental education. A recent article quoted the farm’s co-founder Jack Johnson as saying, “We are so excited about our new electric tractor and our ability to run it with zero emissions off of solar power.”

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

About Ideanomics Inc.

Ideanomics is a catalyst for disruption to those industries where improvements in sustainability, transparency and freedom of choice would have profound benefits on a global scale. The Ideanomics Mobility 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, Ideanomics Mobility and Capital provide global customers and partners with leading technologies and services designed to improve transparency, efficiency and accountability, and shareholders with the opportunity to participate in high-potential, growth industries. The company 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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$FNGR Contract with Provincial China Mobile Authority Set to Boost Profit Margins

  • FingerMotion, a U.S.-based communications technology company focused on China’s enormous marketplace, is steadily building partnerships to help it grow a potential for a billion users
  • The company’s latest contract is with China Mobile Fujian, a provincial mobile information service operator
  • FingerMotion expects the volume-based SMS agreement to boost its gross profit margin by about 30 percent and potentially lead to additional, similar agreements
  • FingerMotion also demonstrated its promise when it secured a collaborative agreement with insurance titan Pacific Life Re that will allow FingerMotion to serve as Pacific Life’s data provider in China

Mobile data and services innovator FingerMotion (OTCQX: FNGR) has taken another step toward rich communication services (“RCS”) and big-data insights expansion in China’s hot market for data applications this year.

The company, which possesses one of only a handful of licenses to access and analyze the mobile data of telecommunications giants China Unicom and China Mobile customers, announced May 18 that it has entered an agreement with China Mobile Fujian that is expected to bring about 30 percent improvement to FingerMotion’s gross margin on its SMS (message texting) business, according to the announcement (https://ibn.fm/kdy9l).

China Mobile Fujian has about 30 million or more online subscribers, which is about 70 percent of the market share in the province of Fujian. The announcement states that large provincial mobile information service operators in China are provisioning resources to take advantage of a marketplace anticipating rapid growth with the introduction of 5G wireless networks, and they may look to FingerMotion SMS subsidiary JiuGe “for guidance and assistance.”

JiuGe was a key part of the contract negotiations between FingerMotion and China Mobile Fujian and expects to continue to secure new contracts with China Mobile. China Mobile and China Unicom’s customer base represents over 1.1 billion phones.

“Our focus over the past year was on improving margins,” FingerMotion CEO Martin Shen stated. “This volume-based agreement is expected to increase our margins from 6.1% to approximately 30% and is a testament to our incredibly talented team that continues to impress our business partners. With SMS demand remaining strong, we are able to meet the new pressures through operational efficiencies but continue to be limited by the capital required to adequately fund operations.”

FingerMotion’s core competency is in mobile payment and recharge platform solutions in China, but as the user base of its primary business continues to grow the company is bringing new value-added technologies to market in order to establish an ecosystem of users with high engagement rates.

The availability of more than a billion Chinese consumers’ data to FingerMotion drew the attention of insurance industry giant Pacific Life’s reinsurance division, which sealed a collaborative agreement with FingerMotion in January that essentially makes FingerMotion the data provider for Pacific Life as it looks for growth opportunities in the Chinese insurance industry (https://ibn.fm/cC2nu).

The data services provided by FingerMotion will be able to serve as a proxy for a credit score system in the country. FingerMotion’s Sapientus database helps derive predictive behavior analytics from the data the company obtains to anticipate consumer habits.

The company expects to file its year-end financial report by the end of the month, and predicts annual revenues will top $16 million (https://ibn.fm/LrTPG).

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.

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Monday, May 24th, 2021 Uncategorized Comments Off on $FNGR Contract with Provincial China Mobile Authority Set to Boost Profit Margins

$UUUU Eyes What May be ‘The Best Resource Opportunity’ at White Mesa Mill

Energy Fuels (NYSE American: UUUU) (TSX: EFR) recently expanded into the rare earth elements (“REE”) market, which is projected to grow at a CAGR of 12.3%, expanding from $5.3 billion in 2021 to $9.6 billion by 2026 (https://ibn.fm/n8eCy). A recent article, which termed the REE market as promising, described UUUU’s efforts in this space. “Energy Fuels is the key U.S. player for raw materials such as uranium, rare earth elements and vanadium, that make many clean energy and advanced technologies possible,” it reads. The company recently received the first shipment of natural monazite ore, one of the most valuable rare earth-bearing minerals that also contains uranium, at its White Mesa Mill. Following the delivery, UUUU president and CEO Mark S. Chalmers said, “I’m not exaggerating when I say that rare earths at Energy Fuels’ White Mesa Mill in Utah might be the best resource opportunity I’ve encountered in my 45-year mining career.”

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

About Energy Fuels Inc.

Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant, and is an emerging player in the commercial rare earth business where its work is helping to reestablish a fully integrated U.S. supply chain. With a truly unique portfolio, Energy Fuels has more production capacity, licensed mines and processing facilities, and in-ground uranium resources than any other U.S. producer. It boasts diverse cashflow-generating opportunities, including vanadium production, uranium recycling, and rare earth processing. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” 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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Monday, May 24th, 2021 Uncategorized Comments Off on $UUUU Eyes What May be ‘The Best Resource Opportunity’ at White Mesa Mill

$CLXPF FDA Grants Authorization Allowing Research Institute to Study Psychedelic Use by Therapists

The Multidisciplinary Association for Psychedelic Studies (“MAPS”) was recently granted authorization to administer MDMA to therapists. This comes after the FDA, which gave its approval, also allowed institutes to conduct clinical trials on MDMA and its therapeutic potential in treating PTSD.

The therapists, who have all volunteered, are currently undergoing training on how to treat individuals suffering from post-traumatic stress disorder and will be allowed to take part in phase 1 trials in an attempt to acquire personal experience from this treatment option. This complementary research project will be conducted by MAPS, which is also conducting phase 3 clinical trials on individuals suffering from PTSD.

This development comes after regulators in Canada revealed that therapists would be permitted to consume psilocybin in an attempt to better understand the substance, which may be administered as a treatment to patients.

The psychedelics research institute had first sought authorization in 2019. However, the Food and Drug Administration placed the request on hold for more than a year as there were concerns about the credentials, risks and merits of the investigation. To appeal the hold, the research institute provided evidence about the scientific value of the study.

Last week, the organization revealed in a press release that it had disputed the hold because of the effect it had on the planned research, adding that it also aimed to settle an issue concerning researcher qualifications across studies with the agency.

Amy Emerson, CEO of the MAPS Public Benefit Corporation (“PBC”), noted that the process would help strengthen the trust and relationship between the institute and the review division, while also making sure that the division received support from the agency’s office of neuroscience.

MAPS may soon commence phase 1 clinical trials on psychedelic-assisted therapy for therapists, with a focus on MDMA. The association revealed that the trial would measure professional burnout, quality of life and development of self-compassion in therapists administering the psychedelic treatment to patients.

Shannon Carlin, director and head of training at MAPS PBC, noted that it would also help support the institute’s MDMA therapy training program objectives, the primary one being to offer comprehensive training to future practitioners. This, she said, was in addition to building the capacity to deliver accessible and quality care to patients, even before MDMA-assisted therapy was approved as a legal prescription treatment.

Earlier in 2017, the Food and Drug Administration granted MAPS emergency use authorization for MDMA in the treatment of post-traumatic stress disorder. The research institute plans to conclude its phase 3 trials in 2022.

The announcement of the authorization given to MAPS could be a big shot in the arm for all psychedelics sector players, including companies such as Cybin Inc. (NEO: CYBN) (OTCQB: CLXPF), that see signs that the acceptance of psychedelic medicines is growing at a fast pace in various jurisdictions.

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.

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Monday, May 24th, 2021 Uncategorized Comments Off on $CLXPF FDA Grants Authorization Allowing Research Institute to Study Psychedelic Use by Therapists

$BRSF Secures Purchase Order for Its Pediatric NeuroCap(TM) EEG Headsets

Brain Scientific (OTCQB: BRSF), a neurology-focused medical device and software company, today announced that Maine Medical Center has placed an order for a limited supply of the company’s pediatric NeuroCap(TM) disposable EEG caps for use with its pediatric patients. Maine Medical Center, with a staff of over 6,000, is a 637-licensed-bed teaching hospital for Tufts University School of Medicine. “We are happy to provide our pediatric EEG products to Maine Medical Center. The NeuroCap for children is designed to address the need for comfort, speed and reliability within the pediatric population,” said Amy Griffith, VP Strategy and Business Development for Brain Scientific. “We hope that Maine Medical Center and other hospitals see the benefits of using the product on an ongoing basis.”

To view the full press release, visit https://ibn.fm/9h1zV

About Brain Scientific

Brain Scientific is a commercial-stage health care company with two FDA-cleared products, providing next-gen solutions to the neurology market. The company’s smart diagnostic devices and sensors simplify administration, shorten scan time and cut costs, allowing clinicians to make rapid decisions remotely and bridge the widening gap in access to neurological care. To learn more about the company’s corporate strategy, devices or for investor relations, visit www.BrainScientific.com.

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

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Monday, May 24th, 2021 Uncategorized Comments Off on $BRSF Secures Purchase Order for Its Pediatric NeuroCap(TM) EEG Headsets

Knightscope Inc. Announces New Ways to Keep in Touch, Launch of Knightscope Store

Knightscope, a developer of advanced physical security technologies utilizing fully autonomous security robots (“ASRs”), has released its last update on the StartEngine platform as, on advice of legal counsel, the company will no longer be posting nor replying to questions on the platform but has made other arrangements to stay in touch.  “Knightscope Investors Page – we are in the process of updating www.Knightscope.com/Investors where we will continue to post updates and, also soon, we will add a forum to the bottom of the page where you can post (appropriate) public comments and questions – and we will continue to be responsive,” reads the update. Knightscope also announced the availability of “A Letter to Our Investors” and the Knightscope Store, which is now open with merchandise to assist in building the Knightscope brand nationwide. According to the update, discount code “INVEST10” will provide fans, supporters and investors a 10% discount good through June 30, 2021.

To view the full update, visit https://ibn.fm/QYjlu

About Knightscope

Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots (“ASRs”) that deter, detect and report. The company’s long-term ambition is to make the United States of America the safest country in the world. For more information, visit the company’s website at www.Knightscope.com.

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

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QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

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$AMPG Reports Significant Investment Funding on the Heels of Major Developmental Order

May 24, 2021

AmpliTech Group, Inc. (NASDAQ: AMPG) Reports Significant Investment Funding on the Heels of Major Developmental Order

  • AmpliTech was tasked by Amplify My Probe with creating a special cryogenic probe head to facilitate studies on materials, molecules, and drugs
  • The probe is expected to help speed up Electron Paramagnetic Resonance experiments by more than 100 times
  • AmpliTech will be the exclusive manufacturer for the device, and Amplify My Probe will have sole global distribution rights for at least the first 18 months
  • Since uplisting to NASDAQ in February 2021, AmpliTech has raised $30 million, creating a strong balance sheet and cash position for the company and allowing it to stay focused on growth and hedge against future market volatility

AmpliTech Group (NASDAQ: AMPG, AMPGW), a designer, developer and manufacturer of custom and standard state-of-the-art RF components for various markets including commercial, SATCOM, space, defense and military, received a significant developmental order for a special cryogenic probe head used to facilitate studies on materials, molecules, and drugs to treat diseases, among other applications (https://ibn.fm/PYlkm).

The order was placed by Amplify My Probe, Ltd., a company that emerged from the Quantum Spin Dynamics group at the London Centre for Nanotechnology and UCLQ, and which specializes in commercializing technology to improve signal to noise ratio in Electron Paramagnetic Resonance (“EPR”) experiments.

AmpliTech’s will leverage its proprietary cryogenic low-noise amplifier technology that operates at 5 degrees Kelvin (-450 degrees Fahrenheit), to create the requested probe. The amplifier technology has a low power dissipation and can also be used in quantum computing, nanophysics, and astronomy applications.

The exclusive manufacturer for the product will be AmpliTech, with Amplify My Probe having the sole global distribution rights for a term of at least 18 months. Other possible applications include speeding up new drug design, increasing efficiency in catalytic processes, and discovering new materials for future quantum computers.

According to Dr. Simenas Mantas, one of the Amplify My Probe team members who designed the EPR cryogenic probe, the device is expected to significantly speed up EPR experiments by amplifying microwave signals and suppressing source noise. We anticipate close to 100x speedup of the experiments. Such an improvement is highly relevant in the field as it will significantly expand the domain of systems that can be studied by EPR. Among such systems are biomolecules, catalytic surfaces, materials for quantum computing and others,” Dr. Mantas added.

AmpliTech CEO Fawad Maqbool added that his company was looking forward to working with Amplify My Probe to help develop this innovative new product that will advance materials science and medical technology. “AmpliTech Group, Inc. is dedicated to being a driving force and leader in amplifier technology for communications and microwave applications that are part of everyday life around us,” Maqbool said.

This contract has the potential to help strengthen AmpliTech’s position in an expanding market and pave the way to new opportunities for growth in the future. The global market for RF components in 2020 was valued at $23.79 billion, and is expected to grow at a CAGR of 14% through 2025, resulting in an estimated $45.05 billion market (https://ibn.fm/26TSZ). The company has plans to be a facilitator for enhancing, developing, and distributing breakthroughs in the following markets:

  • High speed terrestrial and satellite terminals (SATCOM, “Internet in the Sky”)
  • IoT (Internet of Things)
  • Quantum supercomputers and research
  • Autonomous self-driving vehicles
  • Drones, AUVs (unmanned aerial vehicles)
  • Military and defense ECM/EW
  • 5G/Wi-Fi6E and 6G wireless infrastructure (cellular base stations, small cells, private Wi-Fi networks)
  • Cloud farms, big data, and MEC architecture
  • Deep space astronomy
  • Telemedicine, AR/VR (augmented and virtual reality)
  • Cybersecurity

AmpliTech recently announced that since the company uplisted to NASDAQ on February 17, 2021, it has raised more than $30 million in capital. The company believes that this is a sign of validation of its strategic growth plan among the investment community (https://ibn.fm/wDoNo). “We are pleased to see the level of interest by so many investors in these capital raises,” Maqbool said. “We have raised this capital to strengthen the Company financially and thus be better positioned to fulfill larger orders and broaden our customer base.”

With the proceeds, AmpliTech plans to allocate funding, funneling it into specific endeavors. Among the potential uses of the $30 million raised, the company plans to focus on:

  • Funding organic growth by sales force expansion and boosting the business development and marketing efforts,
  • Expanding the production capabilities while strengthening the operations team,
  • Making strategic acquisitions or acquire complementary intellectual properties,
  • Funding additional research and development efforts to sustain continued organic growth, and
  • Purchasing capital equipment to increase production efforts for productivity and engineering support.

The current investments into AmpliTech allow the company to pay down debt and use cash (and non-dilutive methods) for M&A activities aimed at building a world that the company envisions sustaining through its proprietary technology designed to improve everyone’s quality of life – whether it be through smart homes, cities, or high-speed 5G connectivity.

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

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

About InvestorWire

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$XPHYF 420 with CNW – How the State of New York Plans to Tax Marijuana

Last month, New York Gov. Andrew Cuomo approved a legislation legalizing marijuana and its possession for individuals aged 21 and above in the states. However, the substance will not be available for legal sale until 2022. The governor and his aides expect that this move will create 60,000 employment opportunities while generating roughly $350 million in tax revenue once the industry’s up and running.

While the proposed tax for recreational cannabis in the state isn’t as high as Washington, DC’s tax on the substance, it is higher than the average of the 15 states that have legalized the herb as well.

Similar to other states that have legalized cannabis, the state of New York is planning on combining wholesale tax, which encompasses distribution and production with retail taxes, which includes sales and excise tax. The proposed tax rate, 13%, is lower than the 20% that the governor had initially proposed.

The difference is seen when one looks at how products will be taxed. Unlike other states, which based the wholesale tax on factors such as volume or weight, the state of New York is planning to base its wholesale tax on the THC amount in products.

This makes it the first state in the country to tax THC levels, which makes it hard to pinpoint exactly where the state will rank in overall cannabis taxes when legal sales commence, with many noting that it may end up with higher taxes in comparison with neighbor states such as Massachusetts, Vermont and New Jersey.

report on THC tax and its consequences, which has been co-authored by Castetter Cannabis Group, highlights how imposing a THC tax may make it more complex to pay taxes because calculations will be made on how THC level will be measured, how it will be assessed and who will pay the tax. A clause in the report also raises concern that the tax may favor large-scale producers at the expense of small-scale producers.

However, there are those who believe that taxing products based on THC is a good move. One of them, marijuana law specialist Rob DiPisa, states that the levels of THC are growing more important as the marijuana industry moves into edible products and concentrates. DiPisa notes that New York may be focused on THC as it drives the growth and value in the industry, adding that it may set a trend that other states will follow.

Experts also note that while the wholesale THC-based tax has been written into law, it’s difficult to see how it will work without regulations to clarify several issues.

As the recreational cannabis market takes shape in New York, industry players in other jurisdictions have moved to the level of formulating therapeutic products that could gain FDA approval in the not-so-distant future. A case in point is XPhyto Therapeutic Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT), which so far has three candidates at different stages of development.

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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Friday, May 21st, 2021 Uncategorized Comments Off on $XPHYF 420 with CNW – How the State of New York Plans to Tax Marijuana

$VTGN Announces Presentation Schedule for June Investor Conferences

VistaGen (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, today announced that it will present at two investor conferences slated to take place in June. These include scheduled presentations, as detailed in the update, at the Jefferies Virtual Healthcare Conference and the William Blair 41st Annual Virtual Growth Stock Conference. Interested parties should visit the sponsor’s conference website for more information regarding these events.

To view the full press release, visit https://ibn.fm/2Aw7M

About VistaGen Therapeutics Inc.

VistaGen is a 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, please visit www.VistaGen.com and connect with VistaGen on TwitterLinkedIn and Facebook.

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

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Friday, May 21st, 2021 Uncategorized Comments Off on $VTGN Announces Presentation Schedule for June Investor Conferences