Splash CEO and Chairman Robert Nistico took Red Bull North America from zero to $1.65 billion in annual sales
Acquisition of Copa Di Vino in December was latest demonstration of Nistico and his quality leadership team recognizing accelerating trends
Splash’s product portfolio is comprised of alcoholic and non-alcoholic brands including TapouT performance beverages, the official training partner of the WWE
Splash’s sales doubled in the 1st Quarter 2021 to $2.4 million compared to 4th Quarter 2020. Almost reached the sales for the whole year 2020 of $2.9 million
George Clooney. Sean “Puffy” Combs. Ryan Reynolds. Robert Nistico. While the first three names likely ring a bell, Nistico is probably more of a mystery. Nistico may not be a celebrity entertainer, but he does have a common thread with Clooney, Combs and Reynolds insomuch that he’s been a part of successful beverage brands. Nistico has spent three decades in the beverage industry, including being the fifth employee and SVP/General Manager of Red Bull North America, where he led the start-up from zero sales to $1.65 billion annually. He also founded Marley Beverages, which was acquired in 2017 by New Age Beverages Corporation (NASDAQ: NBEV) (https://ibn.fm/uBYVK), and held executive positions at Diageo (NYSE: DEO), Republic National Distributing Company and the Gallo Wine Company. Nistico has now brought all those years of experience to upstart Splash Beverage Group (OTCQB: SBEV), where he has assembled a formidable portfolio of brands that are aligned with consumer trends.
The Fort Lauderdale, Florida-based company has diversified beverages in the product bag, a strategy that de-risks operating in the highly competitive business while also allowing for cost-effective synergies across production and distribution channels.
Splash’s flagship non-alcoholic drink line is TapouT, a brand originally made famous in mixed martial arts (“MMA”) circles before transitioning into a lifestyle brand via a joint venture in 2015 by World Wrestling Entertainment (NYSE: WWE) and BlackRock’s (NYSE: BLK) Authentic Brands Group. TapouT performance drinks, the official training partner of the WWE, competes with the likes of Gatorade and Powerade, touting a far more complete package of electrolytes and vitamins than its peers.
Splash also offers a variety of alcoholic beverages, including Salt Naturally Flavored Tequila, Copa Di Vino “wine by the glass,” and Pulpoloco Sangria. All three are in the thick of consumer trends in their respective categories. Salt is a Mexico-made, 100% blanco agave 80 proof tequila, a spirit category experiencing strong year-over-year growth, momentum energized in part by Clooney’s Casamigos brand that sold in 2017 to Diageo for up to $1 billion (https://ibn.fm/wUBB5). After 6.6% growth in the category for 2018 to 2019 to 19.8 million cases, data suggests a similar increase in 2020 (https://ibn.fm/QmBOQ).
Innovation is at the heart of the “wine by the glass” trend, where solutions such Copa Di Vino’s remove obstacles related to retaining freshness in premium wine that can be enjoyed anywhere without the need for a bottle, corkscrew or glass. After turning down offers twice on CNBC’s Shark Tank, Copa founder James Martin sold the brand to Splash in December, where it is now on shelves in over 13,000 retail locations (https://ibn.fm/gmxzI).
Splash imports its Pulpoloco Sangria, the quintessential summer drink, from Spain. Again, getting in front of trends, particularly those that appeal to brand-loyal millennials, Pulpoloco is packaged in a low-carbon footprint, biodegradable paper can (called a catocan) that serves a double purpose of extending the shelf life of the product without using preservatives.
These brands are part of Splash’s strategy to quickly develop and/or accelerate pre-existing brands to exit for cash events. Nistico’s acumen and network were instrumental in attracting top talent committed to the mission. The team includes President and CMO William Meissner, VP of Product Development Sanjeev Javia, CFO Dean Huge and Aida Aragon as SVP of national accounts. Much like Nistico, the names may seem a bit unassuming until it is understood that they have held leadership positions at companies such as Sweet Leaf and Tradewinds Tea, SoBe Beverages, Fuze, Muscle Milk and more, not to mention Javia advising on nutritional plans for star athletes, including Tom Brady, Kurt Warner and Curt Schilling. Similarly, Huge was the 14th person hired at Catalyst Energy Corp., which was named Inc. Magazine’s ‘Fastest Growing Company’ as it grew to 440 people during his tenure.
The results speak volumes to the success Splash is achieving. After starting 2020 with sales of $112,003, revenue for the year climbed to $2.98 million, including $1.24 million in the fourth quarter. That sales momentum didn’t include the Copa Di Vino acquisition, which was completed in December—an achievement which should have investors on the lookout for what can be accomplished when those sales show up on the books in 2021. Additionally, Splash’s sales doubled in Q12021 to $2.4 million compared to Q42020, almost reaching the sales for the whole year 2020 of $2.9 million (https://ibn.fm/Gxc4L).
NOTE TO INVESTORS: The latest news and updates relating to SBEV are available in the company’s newsroom at https://ibn.fm/SBEV
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PlantX Life positions itself as a leading platform for everything plant-based
For PlantX Life, a plant-based lifestyle is more than a diet; it includes a plant shop bringing affordable indoor houseplants with health benefits to homes across Canada and the US
The Company appears well-positioned to leverage rapid growth of the indoor houseplant market as increasingly health-aware consumers seek more connection to nature
PlantX Life (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) is a high-growth technology company delivering plant-based consumer-packaged goods for consumers in North America. As a multifaceted marketplace offering all things plant-based, the Company’s assortment includes plant-based grocery items, meal delivery, and plant shop.
The Company believes that a plant-based lifestyle is much more than just a diet — it is an opportunity to connect to nature and each other and create a kinder and cruelty-free future for everyone on the planet. Focused on all things health and wellness, the plant shop is a big part of that ecosystem. Through its plant shop, PlantX Life is delivering a wide selection of affordable indoor houseplants as well as accessories and gifts to homes across Canada and the US as consumers — growing increasingly health and wellness aware — seek more connection to nature.
With sales surging by 50% between 2016 and 2019 (https://ibn.fm/XVzs4), the indoor plants market was on the rise before the pandemic, but the virus outbreak propelled it to new heights. Confined to their homes for most of the previous year, consumers sought to connect with nature in a way that is not possible in the increasingly screen-based world. For people more aware of the importance of mental health and self-care than ever, plants have become a proven home companion that helps reduce stress levels and improve mood. Never was it more pronounced than during the lockdown. A study revealed that indoor plants correlated with emotional well-being during the COVID-19 confinement for 74% of survey respondents (https://ibn.fm/ZZ5TU). It comes as no surprise that house plant sales ballooned since the very beginning of the pandemic (https://ibn.fm/uosL7).
The Company offers nearly 200 varieties of houseplants that can provide consumers with unique mental and physical health benefits (https://ibn.fm/8wRMI). This living decoration brings tranquility and helps boost mood as they give a sense of accomplishment. Plants can also improve the quality of the air and help people be more productive. Some varieties can even help with allergies. (https://ibn.fm/iR89d).
PlantX Life plant shop aims to cater to novice gardening enthusiasts and connoisseurs alike. For each indoor plant item, the platform supplies information about the specific houseplant species, availability across different sizes, care instructions and how it affects pets and children. Consumers can select plants across various categories, including air-purifying, easy to care for, immune boosting, and pet friendly. PlantX Life’s website offers a wealth of educational information for consumers helping them learn about the health and wellness benefits of plants, how to care for them and how they can elevate their lives.
Appealing to the modern time-strapped consumer that seeks to cut down on screen-time and immerse themselves in nature, plants provide something relatively low-maintenance to nurture that is also easy on their wallet. PlantX Life is here to be their trusting companion along that journey with its plant shop that brings new plant-based experiences to consumers across North America.
NOTE TO INVESTORS: The latest news and updates relating to PLTXF are available in the Company’s newsroom at https://ibn.fm/PLTXF
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Monday, May 17th, 2021UncategorizedComments Off on $PLTXF Poised for Growth, Capitalizes on Growing Market Trends Across the Whole of Plant-Based Lifestyle
PlantX Life Inc. (CSE: VEGA) (OTCQB: PLTXF) (Frankfurt: WNT1) today announced the opening of its first Canadian brick-and-mortar store under the PlantX brand in Squamish, British Columbia (the “Squamish Flagship Location”). Per the update, the Squamish Flagship Location showcases a variety of carefully curated grocery and wellness items by popular Canadian and U.S. plant-based brands and aims to increase public engagement and plant-based education. “We are extremely pleased to announce the opening of PlantX’s first brick-and-mortar store in beautiful Squamish, British Columbia,” said PlantX CEO Julia Frank. “Squamish is a health-oriented town with a thriving vegan community and it is a very popular destination for locals or tourists in search of adventure or travelling between Vancouver and Whistler — two of the most famous locations on Canada’s west coast. The store is an essential component of our targeted growth strategy.”
As the digital face of the plant-based community, PlantX’s platform is the one-stop shop for everything plant-based. With its fast-growing category verticals, the company offers customers across North America more than 10,000 plant-based products. In addition to offering meal and indoor plant deliveries, the company currently has plans underway to expand its product lines to include cosmetics, clothing and its own water brand — but the business is not limited to an e-commerce platform. The company uses its digital platform to build a community of like-minded consumers and, most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs and brands. The company eliminates the barriers to entry for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life. For more information, visit the company’s website at https://Investor.PlantX.com.
NOTE TO INVESTORS: The latest news and updates relating to PLTXF are available in the company’s newsroom at http://ibn.fm/PLTXF
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MIAMI, May 17, 2021 — via InvestorWire — Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”) today reports its financial results for the quarter ended March 31, 2021, and updates shareholders on the pending merger with privately held Mullen Automotive, Inc. (“Mullen”), a Southern California-based electric vehicle (“EV”) company, in a stock-for-stock reverse merger in which, subject to the merger being consummated, Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger Company.
“We are pleased to report that we filed a Form S-4 registration statement with the SEC on May 14, 2021, a milestone furtherance of the proposed merger with Mullen,” commented Oleg Firer, executive chairman of Net Element. “We want to thank our shareholders for their patience through this process, and we will continue working diligently to conclude the transaction as soon as regulatory and stockholder approvals are received.”
While the registration statement filed on Form S-4 with the SEC (the “Registration Statement”) has not yet become effective and the information contained therein is subject to change, the Registration Statement provides important information about Net Element’s proposed merger with Mullen and the related proposals to be considered by the Net Element stockholders. The Registration Statement, including the proxy statement contained therein, when declared effective by the SEC, will contain important information about the proposed business combination contemplated by the Amended and Restated Agreement and Plan of Merger by and among the Company, Mullen Automotive, Inc., Mullen Technologies, Inc. and Mullen Acquisition, Inc. (the “Merger Agreement”).
Completion of the merger is subject to approval by stockholders and other customary closing conditions, including the registration statement being declared effective by the SEC. Once the Registration Statement has been declared effective by the SEC, the final joint proxy statement contained in the Registration Statement will be mailed to shareholders of the Company prior to the shareholder vote on the merger and related proposals.
Additional details regarding the merger, including the complete Merger Agreement, may be found in the Registration Statement, which was filed with the Securities and Exchange Commission (SEC) on May 14, 2021, and may be obtained from the SEC website at https://www.sec.gov .
Results of Operations for the Three Months Ended March 31, 2021, Compared to the Three Months Ended March 31, 2020
Net Element reported a net income attributable to common stockholders of approximately $0.3 million or $0.05 per share income for the three months ended March 31, 2021, as compared to a net loss of approximately $1.4 million or $0.33 per share loss for the three months ended March 31, 2020. The decrease in net loss attributable to stockholders of approximately $1.7 million was primarily due to an increase in net revenues and approximately $1 million in late fees owed by Mullen.
The following tables set forth the Company’s sources of revenues, cost of revenues and the respective gross margins for the three months ended March 31, 2021, and March 31, 2020.
Three
Months Ended
Three
Months Ended
Increase /
Source of Revenues
March 31, 2021
Mix
March 31, 2020
Mix
(Decrease)
North American Transaction Solutions
$
22,891,309
96.2
%
$
15,159,081
95.7
%
$
7,732,228
International Transaction Solutions
894,037
3.8
%
683,486
4.3
%
210,551
Total
$
23,785,346
100.0
%
$
15,842,567
100.0
%
$
7,942,779
Three Months Ended
% of
Three Months Ended
% of
Increase /
Cost of Revenues
March 31, 2021
revenues
March 31, 2020
revenues
(Decrease)
North American Transaction Solutions
$
20,123,147
87.9
%
$
12,824,669
84.6
%
$
7,298,478
International Transaction Solutions
663,298
74.2
%
476,136
69.7
%
187,162
Total
$
20,786,445
87.4
%
$
13,300,805
84.0
%
$
7,485,640
Three Months Ended
% of
Three Months Ended
% of
Increase /
Gross Margin
March 31, 2021
revenues
March 31, 2020
revenues
(Decrease)
North American Transaction Solutions
$
2,768,162
12.1
%
$
2,334,412
15.4
%
$
433,750
International Transaction Solutions
230,739
25.8
%
207,350
30.3
%
23,389
Total
$
2,998,901
12.6
%
$
2,541,762
16.0
%
$
457,139
Net revenues consist primarily of service fees from transaction processing. Net revenues were approximately $23.8 million and $15.8 million for the three months ended March 31, 2021 and 2020, respectively. The Company’s revenues, which are largely tied to processing volumes, were materially impacted beginning in the final two weeks of March 2020. Since the last quarter ended December 31, 2020, the Company has seen a significant recovery in its end-to-end payment volumes as some merchants began resuming their normal operations.
Cost of revenues represents direct costs of generating revenues, including commissions, mobile operator fees, interchange expense, processing, and non-processing fees. Cost of revenues for the three months ended March 31, 2021 were approximately $20.8 million as compared to approximately $13.3 million for the three months ended March 31, 2020. The increase in cost of revenues was primarily due to the increase in net revenues.
The gross margin for the three months ended March 31, 2021 was approximately $3.0 million, or 12.6% of net revenues, as compared to approximately $2.5 million, or 16.0% of net revenues, for the three months ended March 31, 2020. The primary reason for the decrease in the overall gross margin percentage was primarily the result of the competitive pressure in our industry and a large wholesale client converting their merchant processing relationship to our platform. Our wholesale platform generally provides for lower margins compared to our other products and services.
Operating Expenses Analysis:
Operating expenses were approximately $3.4 million for the three months ended March 31, 2021, as compared to $3.6 million for three months ended March 31, 2020. Operating expenses for the three months ended March 31, 2021, primarily consisted of selling, general and administrative expenses of approximately $1.9 million, bad debt expense of approximately $700,000, and depreciation and amortization expense of approximately $736,000. Operating expenses for the three months ended March 31, 2020, primarily consisted of selling, general and administrative expenses of approximately $2.3 million, bad debt expense of approximately $443,000, and depreciation and amortization expense of approximately $779,000. The net decrease was primarily due to the reduction of compensation of certain employees, consultants, and executives of the Company as the payments business continued scaling down from an operations and marketing standpoint.
The components of the Company’s selling, general and administrative expenses are reflected in the tables below.
Selling, general and administrative expenses for the three months ended March 31, 2021, and March 31, 2020, consisted of operating expenses not otherwise delineated in the Company’s Condensed Consolidated Statements of Operations and Comprehensive Loss, as follows:
Three months ended March 31, 2021
Category
North American Transaction Solutions
International Transaction Solutions
Corporate Expenses & Eliminations
Total
Salaries, benefits, taxes and contractor payments
$
444,148
$
144,831
$
320,263
$
909,242
Professional fees
151,460
32,020
174,344
357,824
Rent
88,755
15,919
4,880
109,554
Business development
47,379
6,776
2,903
57,058
Travel expense
2,260
36,524
79,092
117,876
Filing fees
–
–
30,427
30,427
Transaction gains
–
(5,143
)
–
(5,143
)
Office expenses
50,474
5,469
28,037
83,980
Communications expenses
24,583
22,854
60,781
108,218
Insurance expense
–
–
42,000
42,000
Other expenses
203
5,357
95,254
100,814
Total
$
809,262
$
264,607
$
837,981
$
1,911,850
Three months ended March 31, 2020
Category
North American Transaction Solutions
International Transaction Solutions
Corporate Expenses & Eliminations
Total
Salaries, benefits, taxes and contractor payments
$
548,626
$
113,142
$
550,721
$
1,212,489
Professional fees
106,242
48,891
259,198
414,331
Rent
4,573
16,833
52,414
73,820
Business development
79,201
17
2,102
81,320
Travel expense
4,708
25,123
55,632
85,463
Filing fees
–
–
21,813
21,813
Transaction losses
–
157,011
–
157,011
Office expenses
77,756
6,968
28,197
112,921
Communications expenses
48,702
42,990
20,008
111,700
Insurance expense
–
–
38,685
38,685
Other expenses
135
–
10,223
10,358
Total
$
869,943
$
410,975
$
1,038,993
$
2,319,911
Variance
Category
North American Transaction Solutions
International Transaction Solutions
Corporate Expenses & Eliminations
Total
Salaries, benefits, taxes and contractor payments
$
(104,478
)
$
31,689
$
(230,458
)
$
(303,247
)
Professional fees
45,218
(16,871
)
(84,854
)
(56,507
)
Rent
84,182
(914
)
(47,534
)
35,734
Business development
(31,822
)
6,759
801
(24,262
)
Travel expense
(2,448
)
11,401
23,460
32,413
Filing fees
–
–
8,614
8,614
Transaction gains/losses
–
(162,154
)
–
(162,154
)
Office expenses
(27,282
)
(1,499
)
(160
)
(28,941
)
Communications expenses
(24,119
)
(20,136
)
40,773
(3,482
)
Insurance expense
–
–
3,315
3,315
Other expenses
68
5,357
85,031
90,456
Total
$
(60,681
)
$
(146,368
)
$
(201,012
)
$
(408,061
)
Salaries, benefits, taxes and contractor payments decreased by approximately $0.3 million on a consolidated basis for the three months ended March 31, 2021, as compared to the three months ended March 31, 2020. This was primarily due to the reduction of compensation of certain employees, consultants and executives of the Company.
Reconciliation of Non-GAAP Financial Measures and Regulation G Disclosure
To supplement its consolidated financial statements presented in accordance with United States’ generally accepted accounting principles (“GAAP”), the Company provides additional measures of its operating results by disclosing its adjusted net loss attributable to Net Element, Inc. stockholders. Adjusted net loss attributable to Net Element stockholders is calculated as net income (loss) attributable to Net Element stockholders excluding non-cash share-based compensation, and other non- operating, non-recurring items. The Company discloses this amount on an aggregate and per-share basis. These measures meet the definition of non-GAAP financial measures. The Company believes that application of these non-GAAP financial measures is appropriate to enhance the understanding of the Company’s investors regarding its historical performance through the use of a metric that seeks to normalize period-to-period earnings. A reconciliation of these non-GAAP financial measures with the comparable financial measures calculated in accordance with GAAP for the quarter ended March 31, 2021, and March 31, 2020, is presented in the following tables.
GAAP
Share-based Compensation
Late Fee Income
Adjusted Non- GAAP
Three Months Ended March 31, 2021
Net income attributable to Net Element Inc stockholders
$
304,562
$
11,258
$
(999,975
)
$
(684,155
)
Basic and diluted earnings per share
$
0.05
$
–
$
(0.17
)
$
(0.12
)
Basic and diluted shares used in computing earnings per share
5,970,583
5,970,583
Three Months Ended March 31, 2020
Net loss attributable to Net Element Inc stockholders
$
(1,366,216
)
$
38,400
$
–
$
(1,327,816
)
Basic and diluted earnings per share
$
(0.33
)
$
0.01
$
–
$
(0.32
)
Basic and diluted shares used in computing earnings per share
4,117,643
4,117,643
Use of Non-GAAP Financial Measures Non-GAAP measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. Non-GAAP measures exclude significant expenses that are required by GAAP to be recorded in the Company’s financial statements and are subject to inherent limitations.
About Net Element
Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the U.S. and selected emerging markets.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Net Element and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to what the ultimate impact of the COVID-19 pandemic will have on the Company and its operations, whether the Company will obtain shareholder or other regulatory approvals for the consummation of the merger with Mullen, including the receipt and timing of required approvals and satisfaction of other conditions precedent to the closing of the proposed merger and the related transactions contemplated in the merger agreement, whether the Company will achieve growth or achieve its goals and when the Company will reach profitability. Additional examples of such risks and uncertainties include, but are not limited to (i) Net Element’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Net Element’s ability to maintain existing, and secure additional, contracts with users of its payment processing services; (iii) Net Element’s ability to successfully expand in existing markets and enter new markets; (iv) Net Element’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Net Element’s business; (viii) changes in government licensing and regulation that may adversely affect Net Element’s business; (ix) the risk that changes in consumer behavior could adversely affect Net Element’s business; (x) Net Element’s ability to protect its intellectual property; (xi) local, industry and general business and economic conditions; and (xii) adverse effects of potentially deteriorating U.S.-Russia relations, including, without limitation, over a conflict related to Ukraine, including a risk of further U.S. government sanctions or other legal restrictions on U.S. businesses doing business in Russia. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Net Element with the Securities and Exchange Commission. Net Element anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Net Element assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing the Company’s plans and expectations as of any subsequent date.
Monday, May 17th, 2021UncategorizedComments Off on $NETE Reports First Quarter 2021 Financial Results and Updates Shareholders on Pending Merger with Mullen Automotive
Infobird (NASDAQ: IFBD), a software-as-a-service (“SaaS”) provider of AI-powered customer engagement solutions in China, has released its annual report for the fiscal year ended Dec. 31, 2020; the company announced that it has filed the report with the U.S. Securities and Exchange Commission (“SEC”). Key figures of the report includes total revenues for FY 2020 reaching an estimated $14.5 million, a decrease from 2019, which the company noted was primarily due to the negative impact of the COVID-19 pandemic and one of the company’s major customers adjusting its internal telemarketing strategy. However, the report also noted an increase in revenue from new customers in the finance, healthcare and IT sectors. Other noteworthy numbers include an increase in the company’s R&D and net profit margin remaining at approximately 28%. “The customer engagement industry in China is developing rapidly as the SaaS industry continued to grow at a fast rate of 43.5% from 2019 to 2020,” said Infobird CEO and board chair Yimin Wu in the press release. “We believe we are one of the leading and long-standing Chinese SaaS providers in the booming customer engagement industry, with over 10 years of experience. . . . We believe the 2020 fiscal year marked an important turning point for Infobird as we began to shift the focus of our business from customized cloud-based services to standard cloud-based services. We are in the early stages of executing this growth strategy but have begun to see tangible results from these efforts, as our average monthly paid user accounts for standard cloud-based services increased by approximately 30.5% compared with the same period in 2019. We have also invested significant resources in research and development to develop and launch a series of new standard SaaS products embedded with our AI capabilities.”
Infobird, headquartered in Beijing, China, is a software-as-a-service provider of innovative AI-powered, or artificial intelligence enabled, customer engagement solutions in China. For more information about the company, visit www.Infobird.com.
NOTE TO INVESTORS: The latest news and updates relating to IFBD are available in the company’s newsroom at http://ibn.fm/IFBD
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The increased driving range and expansion of charging outlets are expected to trigger widespread adoption of EVs, including commercial EVs
The commercial EV segment is projected to grow at a 41.1% CAGR from 2020-2028 and is likely to influence the purchase of other types of EVs, further benefiting Ideanomics’ Mobility division
Ideanomics Capital division, through wholly owned subsidiary Timios, is set to benefit from the pandemic-driven growth currently being witnessed in the housing market
The global electric commercial vehicle market is expected to grow at a CAGR of 41.1% from 2020 to 2028, reaching a little over 2 million units in sales on the back of advancements in battery technology, electrification of public transportation fleets and stricter government regulations on pollution, per a Research and Markets forecast (https://ibn.fm/AZ0TM).
Similarly, a 2020 Deloitte article (https://ibn.fm/UAh8f) noted that the removal of two of the biggest barriers for consumers, namely driving range and the lack of charging infrastructure over the next few years, portends good tidings for the electric vehicle (“EV”) industry. The article further observed that the proliferation of commercial EVs (lorries, trucks and vans) and mass transit vehicles (buses) would instill even more confidence in consumers as to the reliability of EVs, influencing them to purchase the other types of EVs.
Based on these predictions, Ideanomics (NASDAQ: IDEX) is positioned favorably, given its Ideanomics Mobility division is focused on the EV market. This division comprises over five companies, including Medici Motor Works, which operates in the electric commercial vehicle segment, offering zero-emission trucks, vans and buses. Others are Mobile Energy Global (“MEG”), Wireless Advanced Vehicle Electrification (“WAVE”), Treeletrik, Energica, Solectrac and Silk EV.
“2020 was the year for passenger EV… But 2021 is the year that the commercial (‘EVs’) start to become mainstream; this is when companies like Ideanomics and others are going to shine,” stated Ideanomics CEO Alf Poor in a presentation at the 23rd Annual Needham Growth Conference (https://ibn.fm/H74nP) earlier this year. Alf went on to quote Bloomberg New Energy Finance (“BNEF”), which estimates that global commercial EV sales will reach 1.2 million units in 2023.
Ideanomics, which wholly owns Medici Motor Works, is set to capitalize on this expected growth in demand, which is projected to remain consistent through 2040, per BNEF’s long-term electric vehicle outlook. By 2040, EVs will account for 67% of all public buses and 24% of all light commercial vehicles. At the same time, Ideanomics’ Treeletrik and Energica subsidiaries, manufacturers of two-wheelers, will also benefit as 47% of all motorbikes sold in 2040 will be electric (https://ibn.fm/VXfmf).
The future also holds great promise for IDEX’s second division, Ideanomics Capital, which focuses on providing disruptive fintech solutions covering a broad range of financial services. The division is made up of five companies: Timios, DBOT, Liquefy, Intelligenta and Technology Metals Market (“TM2”). In his presentation, Alf singled out Timios, praising its data-driven approach to closing more property refinancing and purchasing within the broader real estate sector.
But, why Timios? What has made real estate stand out? The housing market is currently “in a frenzy like no other since the 2008 crisis”, occasioned by higher demand for housing than there is supply (https://ibn.fm/eXDbm). The pandemic is credited for this phenomenon because some companies relocated at the height of the outbreak, causing surges in demand for housing in certain cities. Further, the work-from-home policy encouraged employees to upgrade their homes, either through renovations or by purchasing new homes, with the latter contributing to the surge in demand (https://ibn.fm/Q6can).
Remarkably, in his presentation, Alf had foreseen this imminent vibrancy of the housing market, which, as he had observed, would greatly favor Timios. “Companies like Timios can make a lot of money. These guys made $3 million EBITDA in December alone. So, we’re going to expect big things from them,” Alf added. Over the coming period, Ideanomics plans to inject more capital into Timios to help it grow more efficiently.
For more information, visit the company’s website at www.Ideanomics.com.
NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX
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Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.
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Knightscope, a developer of advanced physical security technologies utilizing fully autonomous security robots (“ASRs”), has successfully completed its most recent public offering, raising an additional $21.91 million. According to the update, Knightscope has now completed the two largest funding rounds in the history of the StartEngine platform. Knightscope has raised $90+ million from more than 28,000 investors and is poised to be an industry leader in the future of public safety and security. In addition, the company has reserved ticker symbol ‘KSCP’ with Nasdaq and is contemplating a possible public listing. “Knightscope’s long-term vision has an eye on the greater good. We design and build autonomous security robots (‘ASRs’) that provide 24/7/365 security to the places you live, work, visit and study — all in support of our mission to make the United States of America the safest country in the world,” said William Santana Li, chairman and CEO of Knightscope. “We are profoundly grateful for the 28,000+ investors in Knightscope who are supporting this goal.”
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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Monday, May 17th, 2021UncategorizedComments Off on $CBDHF Enters Definitive Agreement to Acquire Apothecanna, Announces AGM Voting
Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2), a silver and base metals producer with operations in Mexico and precious metal exploration projects in Mexico, Idaho and Germany, has found additional high-grade silver in the Platosa Mine in Mexico. The find was captured in recently released results from underground expansion and exploration drilling at the site, which the company described as “compelling.” It complements the company’s efforts to advance a precious metals growth pipeline in Platosa through further explorations. A recent article quotes the senior vice president of Geology and Corporate Development, Ben Pullinger, as saying, “Initial drilling from the top of the Gap Zone has returned compelling high-grade results… This sub-vertical stricture connects the 623 and NE-1S mantos and represents a significant opportunity to define additional mineralization at Platosa. We also continue to define and add further tonnage around known manto mineralization.”
Excellon’s vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of its employees, communities and shareholders. The company is advancing a precious metals growth pipeline that includes: Platosa, Mexico’s highest-grade silver mine since production commenced in 2005; Kilgore, a high-quality gold development project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration. The company also aims to continue capitalizing on current market conditions by acquiring undervalued projects. Additional details on Excellon’s properties are available at www.ExcellonResources.com.
NOTE TO INVESTORS: The latest news and updates relating to EXN are available in the company’s newsroom at http://ibn.fm/EXN
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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 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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Above our heads there is a powerful energy source created by nature, the Sun. Because the Sun is 93 million miles from us, only one-billionth of the Sun’s total energy output reaches the Earth, creating a world full of life. The energy that the Sun gives the Earth’s surface every second is more than the total electricity generated from all power plants in the world in the entire year of 2018.
Humans power machines mostly by harvesting energy: for example, harvesting the energy of falling water and converting it to electricity in hydroelectric power plants. To create energy, you have to convert matter to energy.
Chain Reactions
One way to do this is to split atoms, the basic building blocks of all matter in the universe. Do so controllably and you can produce a steady flow of energy. Lose control and you release a lot of energy all at once in a nuclear explosion.
The core of every atom, the nucleus, is made up of even smaller particles, protons and neutrons. The force holding the nucleus together stores a huge amount of energy. To obtain energy from the nucleus, scientists came up with a process of splitting a heavy atom into lighter atoms. Because the lighter atoms don’t need as much energy to hold the nucleus together as the heavy atoms, energy is released as heat or light. This process is called nuclear fission.
When one atom is split, a chain reaction starts: The split atom will trigger another atom to be split, and so on. To make the chain reaction controllable, scientists developed ways to slow down the splitting, such as absorbing some of the split particles.
Nuclear Power
Nuclear power plants harvest the energy released by splitting atoms controllably. The world’s largest nuclear power plant is the Kashiwazaki-Kariwa Nuclear Power Station in Japan. It consists of seven nuclear reactors, with a maximum capacity of about 8,000 megawatts. The world’s largest single nuclear reactor is a tie between the the two reactors at China’s Taishan Nuclear Power Plant. Each Taishan reactor has a capacity of 1,750 megawatts.
Nuclear power plants use nuclear reactions to heat water to produce steam that drives turbines that in turn drive generators that produce electricity. Image Credit, NRC
This amount of power is much smaller than uncontrolled nuclear reactions, such as atomic bombs. Nowadays, the energy output from detonating an atomic bomb is equivalent to the electricity the Kashiwazaki-Kariwa plant generates in half a year.
A downside of fission is nuclear waste. The split atoms are usually unstable and emit dangerous radiation. Nuclear waste needs to be stored properly for many years.
Fusion Near and Far
Scientists have also discovered another type of nuclear reaction, one that produces energy without nuclear waste. As two lighter atoms combine into a heavy atom, the lost mass converts into energy. This process is called nuclear fusion. Fusion is happening in the core of the Sun. In each second, the Sun burns about 600 million tons of hydrogen into about 596 million tons of helium, yielding the energy equivalent to trillions of atomic bombs.
Cutaway illustration shows what the core of a nuclear fusion reactor would look like. Image Credit: Argonne National Laboratory
It is very difficult to achieve nuclear fusion on Earth. Fusion happens only at extreme conditions, such as the very high temperatures and pressure of the Sun. Scientists have yet to effectively demonstrate controllable nuclear fusion that produces more energy than it consumes, but they are working hard to do so. One way is to shoot high-power lasers from different directions at a tiny speck of hydrogen isotopes.
For Now
Energy from nuclear fusion would be a promising energy solution in the future. But, we can still tap into the huge nuclear fusion reactor above our heads, the Sun. With the improving efficiency of solar energy, the more energy we capture, the less need there is to create it.
This article was republished with permission from The Conversation, a news site dedicated to sharing ideas from academic experts. Written by , Xuejian Wu Assistant Professor of Physics, Rutgers University – Newark
Monday, May 17th, 2021UncategorizedComments Off on $UUUU Harnessing Nuclear Power
Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF), an investment company, has provided an update on its plans for PowerTap, the company’s wholly owned subsidiary, to participate in the California Low Carbon Fuel Standard (“LCFS”) Carbon Credit program. The program offers PowerTap an opportunity to derive revenue prior to dispensing hydrogen fuel from its units; the revenue will be generated through the sale of earned LCFS credits on the emission trading markets. In order to be eligible to earn LCFS credits, PowerTap will install its fueling units and make them accessible to the public. A third-party analysis of the value of potential LCFS credits that PowerTap may earn notes that, by using renewable natural gas (“RNG”) feedstock, the company could generate California LCFS credits of $5.60 per kg per day of hydrogen capacity. Translated , that means that a 1,200 kg capacity hydrogen station has the potential to produce in excess of $2 million of annual gross LCFS carbon credit revenues per each 1,200 kg hydrogen station installed and available to the public. “LCFS carbon credits have the potential to generate more attractive pre-hydrogen sales carbon credit revenues for PowerTap than previously estimated to provide PowerTap the clear incentive to quickly build out the hydrogen refueling infrastructure prior to more hydrogen vehicles being launched by auto and truck OEMs,” said PowerTap president Salim Rahemtulla in the press release.
Clean Power is an investment company that specializes in investing into private and public companies opportunistically that may be engaged in a variety of industries, with a current focus in the health and renewable energy industries. In particular, the investment mandate is focused on high-return investment opportunities, the ability to achieve a reasonable rate of capital appreciation and to seek liquidity in its investments. For more information about the company, please visit www.CleanPower.Capital.
NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at http://ibn.fm/MOTNF
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British Columbia-based investment holding company Clean Power Capital Corp. recently held its annual general and special meetings of shareholders
Shareholders voted to sustain the company’s new investment directive, which includes focusing on renewable power initiatives and bio-medical plus naturopathic sectors
Clean Power’s CEO announced his resignation following the meeting and he will be succeeded by majority-owned investee PowerTap Hydrogen Fueling Corp.’s CEO
The company has also launched two new marketing initiatives to increase its investment profile with the general public
PowerTap appointed a former Shell Oil Products US executive to its advisory board
Holding company Clean Power Capital (NEO: MOVE) (FWB: 2K6A) (OTC: MOTNF) charted a new course amid last year’s pandemic-depressed months, turning its stated mission to the renewable energy sector as an area of investment focus and placing special emphasis on its majority equity-owned investee PowerTap Hydrogen Fueling Corp. On Monday, March 15, the company held its Annual General and Special Meeting at which shareholders approved the company’s amended and restated investment policy.
Following the meeting, Clean Power CEO Joel Dumaresq stepped down from his position with the company but will continue to function as Clean Power’s chief financial officer on an interim basis. Raghunath (Raghu) Kilambi, the CEO and CFO of PowerTap Hydrogen, was named the new CEO and president of Clean Power in Dumaresq’s place (https://ibn.fm/IscOe). Kilambi continues to function as PowerTap’s CEO as well.
PowerTap has seen the strength of its platform rise under Kilambi’s leadership in recent months, particularly through agreements that have brought the powerhouse Andretti Group into partnership with the company for fuel station sites, marketing and board leadership (https://ibn.fm/65EHI).
Kilambi has over 25 years of global business experience in public and private investments, building businesses and creating shareholder value. He has raised more than $1 billion of equity and debt capital for private and public companies in the United States and Canada, and has been involved in many M&A acquisitions and exits. His experience with investments in emerging technologies will be an asset for Clean Power as it continues to seek additional investment opportunities under its new mission statement.
That investment policy specifically states the company will focus on renewable energy, which may include, without limitation, hydrogen & fuel cell technologies, wind power, solar power and geothermal power; and bio-medical, pharmaceutical, and naturopathic sectors, which may include medical or recreational cannabis.
Clean Power has also announced a pair of decisions to advance its investment profile among the public. The company entered into an investor relations advisory services agreement on March 10 with 1830012 Ontario Limited, operating as Circadian Group to create a customized positive investment image and communicate that image to the investment community. In addition, the company retained Mountain Capital Corp. on March 8 to provide strategic digital media services, as well as marketing and data analytics services, for a three-month period, according to the annual meeting news release.
PowerTap also announced development of its advisory board through the appointment of David Bray, former corporate officer/general manager of Shell Oil Products US. Bray’s company, Bray Retail Consulting, LLC will also join PowerTap in a consulting role under an exclusive one-year assignment.
The consultancy will focus on critical product development and services to accelerate the deployment of PowerTap’s proprietary modular 1,250 kg hydrogen production and dispensing technology as part of a planned hydrogen fueling station network launching in California with the Andretti Group’s assistance. The company will then use Andretti’s connections to build the network into other parts of the country.
Bray is a seasoned Shell executive whose more than 30 years in the industry included serving as the general manager of several groups at Shell, including Strategy/Business Development, Fuels and Marketing, and Americas Aviation.
“Regarding hydrogen, we are at the starting line in terms of the growth opportunity for its use as a transportation fuel. I believe that hydrogen will play a critical role in meeting the energy needs of the Americas going forward,” he stated.
NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at https://ibn.fm/MOTNF
About Green Car Stocks
Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.
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Knightscope, a developer of advanced physical security technologies utilizing fully autonomous security robots (“ASRs”), has successfully completed its most recent public offering, raising an additional $21.91 million. According to the update, Knightscope has now completed the two largest funding rounds in the history of the StartEngine platform. Knightscope has raised $90+ million from more than 28,000 investors and is poised to be an industry leader in the future of public safety and security. In addition, the company has reserved ticker symbol ‘KSCP’ with Nasdaq and is contemplating a possible public listing. “Knightscope’s long-term vision has an eye on the greater good. We design and build autonomous security robots (‘ASRs’) that provide 24/7/365 security to the places you live, work, visit and study — all in support of our mission to make the United States of America the safest country in the world,” said William Santana Li, chairman and CEO of Knightscope. “We are profoundly grateful for the 28,000+ investors in Knightscope who are supporting this goal.”
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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Monday, May 17th, 2021UncategorizedComments Off on Knightscope Inc. Secures Additional $21.9M, Now Responsible for Two Largest Raises in StartEngine’s History
Company committed to building presence in U.S. and Europe to advance mission of improving mental health care
New appointments will strengthen Cybin’s development and clinical operations globally, solidify position within the industry
New leaders bring broad experience, deep insight to their new roles
Cybin (NEO: CYBN) (OTCQB: CLXPF), a leading biotech company focused on progressing psychedelic therapeutics, recently made key senior-management changes designed to provide the company with added insight and expertise in the expansion of its development and clinical operations in the United States and Europe (https://ibn.fm/FsF0L). The appointments, which are effective immediately, call for Alexander Belser, PhD, to serve as chief clinical officer and Aaron Bartlone to serve as chief operating officer.
“We are committed to building our presence both in the United States and in Europe to advance our mission of improving mental health care through therapeutic development programs and innovative drug-delivery systems,” said Cybin CEO Doug Drysdale. “These appointments will serve to strengthen our development and clinical operations globally and solidify Cybin’s position within the industry. Alex and Aaron bring deep clinical, commercial, and regulatory expertise that will serve to broaden our management and scientific leadership teams. We look forward to their contributions as we pursue increased visibility across these additional markets.”
An accomplished biopharmaceutical executive with a proven track record across numerous therapeutic and functional areas, Bartlone brings impressive quality assurance, regulatory affairs, product development, compliance, and commercial operation experience to his new role. Prior to joining Cybin, Bartlone served as both president and managing director for AB Dynamix LLC. In those roles, he oversaw the development of customized and innovative quality-management systems, regulatory strategies, and supply chains for developing pharmaceutical, biotechnology, and medical-device companies.
Bartlone has also worked at UCB Inc., a global pharmaceutical company, and Eli Lilly. He has developed global teams of more than 1,000 colleagues in 50 different countries and has successfully driven more than 25 small and large molecular therapies and drug-device combination products to the global marketplace.
A well-known leader in the field of psychedelic research, Belser has invaluable insight and expertise as an investigator on NYU and Yale University clinical trials of psilocybin and MDMA designed to treat depression, anxiety, substance use, obsessive-compulsive disorder, post-traumatic stress disorder, and end-of-life distress. A former chief clinical officer at Adelia Therapeutics, Belser directed the clinical program investigating tryptamines and phenethylamines for a variety of treatment indications.
In addition, Belser is the founding president of Nautilus Sanctuary, the first nonprofit center for psychedelic medicine in the Eastern United States, and is a recognized expert on psychedelic medicine, having authored a dozen peer-reviewed publications and delivered more than 50 lectures, presentations, and grand rounds on psychedelic topics.
In addition, Cybin also noted that cofounder and former COO Paul Glavine will assume the role of chief growth officer and John Kanakis, cofounder and former SVP of business development, will assume the role of chief business officer.
“Paul and John’s extensive entrepreneurial experience was instrumental in shaping the initial formation of Cybin and the company’s subsequent emergence as a leader within the psychedelics space,” Drysdale stated. “Their deep commitment to Cybin’s mission will continue as they assume these new roles and will allow them to further accelerate business-development and investor-awareness initiatives. We believe these appointments are an important step in taking Cybin to the next level.”
Cybin Corp., a leading biotech company focused on progressing psychedelic therapeutics, is on a mission to revolutionize mental health care. The company is focused on progressing psychedelic therapeutics by utilizing proprietary drug-discovery platforms, innovative drug-delivery systems, novel formulation approaches, and treatment regimens for psychiatric disorders.
For more information, visit the company’s website at www.Cybin.com.
NOTE TO INVESTORS: The latest news and updates relating to CYBN are available in the company’s newsroom at https://ibn.fm/CYBN
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BioMedWire (BMW) is a bio-med news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with BMW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, BMW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, BMW brings its clients unparalleled visibility, recognition and brand awareness. BMW is where news, content and information converge.
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During Phase 1 trials, Berubicin showed 44% of patients experienced a clinical benefit of stable disease or better, one being cancer-free after 14 years, and two patients reporting significant tumor reduction (up to 80%)
Additional research to be conducted by sublicensee partner WPD Pharmaceuticals, Inc. in Poland, including the first-ever pediatric trial
The glioblastoma multiforme (“GBM”) treatment market is expected to reach $1.4 billion by 2027
CNS Pharma positioning to secure a leading role in treating GBM
A potentially pivotal Phase 2 trial is on track to commence during Q2 2021 by CNS Pharmaceuticals (NASDAQ: CNSP). This trial is currently planned to include up to 243 subjects, randomized 2:1 (162 Berubicin/81 Lomustine) with an interim analysis when 50% of the subjects reach six months in the study. Berubicin is the lead drug candidate that CNS is working with to use against one of the most aggressive and deadly forms of treatment-resistant cancers that form in the brain – Glioblastoma Multiforme (“GBM”).
GBM is a non-discriminatory type of cancer that can strike any person at any time in their life. Of all primary malignant brain tumors, GBM accounts for 48% of them. Unfortunately, since first identified in the 1920s, the FDA has only ever approved four drugs and one device for GBM treatment. However, none of these FDA-approved approaches have succeeded in increasing life expectancy with GBM more than a few months (https://ibn.fm/JwIWV).
Berubicin is a synthetic 4’-O-Benzylated doxorubicin analog, topoisomerase II Inhibitor, highly cytotoxic, and highly lipophilic. As the first anthracycline to cross the blood-brain barrier, Berubicin was specifically designed to attack a variety of primary brain cancers and cancers metastatic to the brain.
Dr. Waldemar Priebe, Professor of Medicinal Chemistry at The University of Texas MD Anderson Cancer Center, is the original developer of Berubicin. The Phase 1 trial was completed by Reata Pharmaceuticals (NASDAQ: RETA) and showed promising results, with 44% of the trial patients experiencing significant improvement in clinical benefit. One patient from this trial has survived cancer-free for the last 14 years, while two others saw a reduction in tumor size of up to 80 percent.
CNS entered into an asset purchase agreement with Reata in 2017 and as a result holds a worldwide exclusive license to the Berubicin chemical compound and has acquired all the requisite data and know-how from Reata related to the Phase 1 trial.
In addition to the potentially pivotal trial commencing in the United States and expected to expand to include a global footprint, two additional trials are planned in Poland by CNS’s partner WPD Pharmaceuticals. WPD will be conducting two grant-funded studies including one Phase 2 adult GBM trial to commence in Q2 2021 and the first-ever Phase 1 pediatric trial for malignant gliomas set to commence during H2 2021.
CNS hopes to expand Berubicin studies to include other cancers, such as:
Primary Brain Tumors
Relapsed high-grade gliomas with an estimated patient population size of 15,000
Brain Metastases – Combination with Radiation Therapy
Small Cell Lung Cancer has an estimated patient population size of 56,500
Non-Small Cell Lung Cancer has an estimated patient population of 56,000
Metastatic Breast Cancer has an estimated patient population of 45,000
CNS Lymphoma
2nd line of defense after Methotrexate failure with a potential 1,200 patient population (there is currently no 2nd line therapy after Methotrexate)
The GBM treatment market is expected to grow from $662 million in 2017 to $1.4 billion in 2027, growing at a CAGR of 7.5% across eight major markets. The eight major markets include the U.S., Germany, Italy, France, Japan, the UK, Spain, and urban China (https://ibn.fm/8tcnS). With Berubicin’s ability to breach the BBB and the planned trials, CNS Pharmaceuticals is uniquely positioned to capitalize on this market growth and secure a leading role in the sector.
The interim Berubicin trial data on the Polish trial in adult GBM patients is expected in the first half of 2022. Multiple value-driving milestones are expected to transpire for CNS Pharmaceuticals during 2021, including growth opportunities for its other drug candidate currently in development, WP1244, a DNA-binding agent believed to be 500 times more potent than daunorubicin in inhibiting tumor cell proliferation, and potentially targeting brain cancers, pancreatic cancers, ovarian cancers, and lymphoma.
For more information, visit the company’s website at www.CNSPharma.com.
NOTE TO INVESTORS: The latest news and updates relating to CNSP are available in the company’s newsroom at https://ibn.fm/CNSP
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First order marks a significant milestone as Veterans Affairs runs the largest integrated healthcare system in the country
BRSF hopes the relationship will bring cutting-edge brain diagnostics to a nationwide network of veterans’ health care
Brain Scientific (OTCQB: BRSF), a commercial-stage, neurology-focused medical device and software company, has announced the start of working with the U.S. Department of Veterans Affairs – VA Medical Centers, which placed the first purchase order of NeuroCap(TM) for one of its hospitals (https://ibn.fm/p3rw0). This move represents a significant milestone because the U.S. Department of Veterans Affairs runs the country’s largest integrated healthcare system.
“Our team at Brain Scientific is proud to start what it hopes will be a long-term relationship to serve patient needs at VA Medical Centers and do our part to help reduce risk factors for both patients and staff. Our disposable EEG NeuroCap diminishes the potential for cross-contamination, HAI, and exposure for staff members and patients. Sanitation is a major concern for hospitals and is even more crucial in COVID-19 times as neurodiagnostic teams are urged to find alternatives to reusable products,” said Amy Griffith, vice president of strategy and business development for Brain Scientific.
NeuroCap is BRSF’s flagship product, a pre-gelled disposable EEG headset targeting the growing demand for better yet cost-efficient brain monitoring. The need for this disposable and portable device is especially pronounced in the current pandemic environment, which has seen an increasing demand for EEG testing. Since more than 80% of hospitalized COVID-19 patients present with neurological symptoms, rapid EEG testing is becoming critical.
This is where Brain Scientific’s NeuroCap enters the picture. Designed for quick application (video of the NeuroCap setup is available here) while also allowing for minimal exposure to patients, NeuroCap appears to be a perfect fit for the current environment where medical professionals are facing a contagious virus. The traditional bulky EEG equipment is complicated to clean between uses and is cumbersome to apply. Even after cleaning, microscopic traces of tissue debris and bacteria may remain on reusable EEG electrodes. This is where NeuroCap makes a difference.
Designed for single use, this disposable device helps ensure that the virus is not spread through equipment. The innovative headset also contributes to limiting person-to-person exposure because it is applied quickly and effortlessly, decreasing virus transmission potential between medical staff and patient. Aligned with the international system, NeuroCap features 19 channels and 22 electrodes to produce high-quality study results. Also, NeuroCap is compatible with most existing EEG amplifiers on the market.
With this first VA order, Brain Scientific brings this revolutionary brain diagnostics technology to Veterans Health Care, the nation’s most extensive health-care system. Veterans Health Care provides care at 1,255 health-care facilities, including 170 VA Medical Centers and 1,074 outpatient sites that serve more than 9 million veterans (https://ibn.fm/bEdHT).
Committed to developing cutting-edge technologies to revolutionize brain diagnostics, Brain Scientific appears to be on the right track to tackle some of neurology’s most pressing diagnostics challenges and narrow the widening gap of accessibility to neurological care across the country.
NOTE TO INVESTORS: The latest news and updates relating to BRSF are available in the company’s newsroom at https://ibn.fm/BRSF
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BioMedWire (BMW) is a bio-med news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with BMW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, BMW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, BMW brings its clients unparalleled visibility, recognition and brand awareness. BMW is where news, content and information converge.
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SAN FRANCISCO, May 10, 2021 – Hagens Berman urges Aterian, Inc. (NASDAQ: ATER) f/k/a Mohawk Group Holdings (MWK) investors with significant losses to submit your losses now . The firm is investigating possible securities law violations and certain investors may have valuable claims.
The investigation focuses on Aterian’s statements concerning the capabilities and marketability of its purported end-to-end cloud-based platform, Artificial Intelligence Marketplace Ecommerce Engine (AIMEE).
In past quarters, Aterian has touted AIMEE’s functionality, claiming it allows users to leverage machine learning, natural language processing and data analytics. Aterian has stated that AIMEE in turn allows users to streamline the management of products at scale across the world’s largest online marketplaces, including Amazon, Shopify and Walmart.
But on May 4, 2021, analyst Culper Research published a scathing report entitled “Aterian (ATER): Bought from Felons & Fraudsters, Sold to You.” Among other things, Culper accuses the company of having ties to convicted criminals, overhyping its AIMEE platform, and using “garbage acquisitions” to conceal its “ill-conceived core business.”
Culper reports that at least 5 former employees and a former customer expressed doubt about AIMEE’s legitimacy. Culper then concludes “Aterian isn’t an artificial intelligence company; it’s a reseller of cheap Chinese goods” and notes that from 2019 to 2020 Aterian’s PaaS revenues were down from $1.7 million to just $1.3 million, while AIMEE’s Amazon and Microsoft store listings have zero reviews of the platform.
This news drove the price of Aterian shares crashing sharply lower on May 4, 2021.
“We’re focused on investors’ losses and whether Aterian may have misled investors about the AIMEE platform,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
Whistleblowers: Persons with non-public information regarding Aterian should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email ATER@hbsslaw.com .
About Hagens Berman
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com . For the latest news visit our newsroom or follow us on Twitter at @classactionlaw .
Contact:
Reed Kathrein, 844-916-0895
Monday, May 10th, 2021UncategorizedComments Off on $ATER Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations
Knightscope is a developer of advanced physical security technologies utilizing fully autonomous robots focused on enhancing U.S. security operations. The company currently offers three autonomous robot (“ASR”) models – K1, K3 and K5, all of which can be remotely monitored through the Knightscope Security Operations Center (“KSOC”). Of the company’s innovative solutions, the K5 is Knightscope’s flagship fully autonomous, self-charging robot suitable for indoor and outdoor use. “It has nearly 1 million hours operating in the field and has already faced its fourth winter,” reads a recent article. “As recently as March 2021, Knightscope ASRs have made the news as an addition to transforming a northeast Las Vegas Valley apartment complex into a more peaceful place to live. ‘Westy’ is a K5 model patrolling the 1,129-unit Liberty Village apartment complex located just outside Nellis Air Force Base (https://ibn.fm/ibGYQ). Communicating in both English and Spanish, the autonomous security robot provides various security measures including verbal warnings, video recording, license plate reading and a phone-like connection with human security personnel. It has been especially useful in enforcing curfews and deterring vandalism, because ‘people don’t want to get caught on the cameras so they will avoid it,’ according to complex manager Carmen Batiz.”
Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots 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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Monday, May 10th, 2021UncategorizedComments Off on Knightscope Inc. ASRs Logging Hours, Making Names in Security
An appeals court in Maryland has ruled that law enforcement officers aren’t allowed to stop individuals based on the smell of cannabis alone. The decision, which was announced last week, stated that the smell of cannabis didn’t give officers egal justification to stop and examine someone. It noted that officers needed “reasonable suspicion” that there was a crime being carried out before they could detain an individual.
The court ruled that cannabis smell would no longer be used as a basis to stop or detain someone because cannabis in small amounts has been decriminalized in the state. University of Baltimore Law School professor David Jaros stated that the rulings demonstrated that the courts were considering the decriminalization laws in their decision making. The state enacted its decriminalization laws a few years ago, in 2014.
This ruling also limits the small transgressions that officers use to justify their actions. It arose from a Prince George County case where a law enforcement officer had responded to information about a group of males who were meeting at an apartment complex. The facts in the court opinion indicated that the police officer smelled an odor of cannabis when he arrived, which led to his questioning the group; eventually both he and another officer patted down some of the individuals. He recovered a handgun from one of the boys who was a juvenile.
The public defender, who was the accused’s counsel, noted that officers often used the smell of cannabis as an excuse to justify examining individuals further, adding that it was commonly used on individuals of color as a justification for further examination. The state’s representative from the Attorney General’s office refused to give a comment on the case, in addition to not revealing if they planned to appeal the court’s ruling.
While medical cannabis is legal in the state of Maryland, efforts to legalize recreational marijuana stalled in the state’s legislature. It should be noted though, that the court’s decision does not prevent officers of the law from searching vehicles if they smell cannabis, as there’s a different set of rules for vehicles.
Wicomico County sheriff Mike Lewis stated that, while he agreed with the decision in this case, he was concerned that future rulings may limit the ability of officers of the law to search cars if they smelled cannabis. He noted that this was a tool that law enforcement use to find illegal and large quantities of marijuana.
Fortunately, people across the country can still access THC-free products made by entities such as The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER). Such products contain a range of other popular compounds, such as CBD and terpenes found in the hemp plant. Using these legal products can keep individuals on the safe side of the law in Maryland and elsewhere.
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
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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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Monday, May 10th, 2021UncategorizedComments Off on $WTER Maryland Court Declares Cannabis Smell Insufficient as Justification for Police Stops, Searches
TAAT Global Alternatives Inc. (CSE: TAAT) (OTCQB: TOBAF) (FRANKFURT: 2TP2) Signs Agreement, Receives Order for International Distribution
TAAT enters agreement for GGE to be exclusive distributor for flagship product in the United Kingdom and Ireland
“It is an exciting development for us to have received our first purchase order for overseas shipment,” says CEO
TAAT could realize competitive advantage based on relatively high retail cost of tobacco cigarettes in the UK and Ireland
TAAT(TM) Global Alternatives (CSE: TAAT) (OTCQB: TOBAF) (FRANKFURT: 2TP2) has entered into a letter of intent with Green Global Earth Ltd. (“GGE”). The agreement calls for GGE to be the exclusive distributor for TAAT(TM)’s flagship product in the United Kingdom and Ireland. In addition, Green Global Earth placed a €100,000 purchase order for an initial supply of TAAT’s Original, Smooth and Menthol tobacco-free, nicotine-free alternative (https://ibn.fm/zazFp).
“Expansion launches in the CPG category need to be conducted passively, so as to ensure the product is optimally positioned in its new markets,” said TAAT CEO Setti Coscarella. “Although we believe TAAT is generally relevant to those out of the more than one billion tobacco users worldwide who aspire to leave nicotine behind, entering a new region is a complex task based on the nuances of each market in economic and competitive terms, as well as the general attitudes towards alternatives to products such as tobacco cigarettes.
“We are pleased to have an accomplished and well-connected wholesaler such as GGE on our side,” he continued. “It is an exciting development for us to have received our first purchase order for overseas shipment as we seek to commercialize TAAT internationally for the first time.”
In the announcement, TAAT noted that it could realize a competitive advantage based on the relatively high retail cost of tobacco cigarettes in the UK and Ireland. The company noted that, based on data from the World Health Organization (“WHO”), the prices of the most-sold brand of cigarettes (pack of 20) in international dollars were $13.58 in the United Kingdom and $14.95 in Ireland, compared to $6.86 in the United States.
With a 14.1% tobacco use incidence rate among the United Kingdom’s legal-aged population and an incidence rate of approximately 20% among adults in Ireland, TAAT sees exciting opportunities in these markets.The cost advantage combined with the incidence rate of smokers, many whom are eagerly seeking for a nicotine-free, tobacco-free alternative, place the company — and its game-changing product — in a strong position.
Based on the distribution agreement between TAAT and GGE, the TAAT smoking alternative will be available through GGE’s existing wholesale network. Targeting adult-aged smokers, the rollout of the new program will capitalize on the fact that TAAT’s Beyond Tobacco(TM) experience closely mimics every sensory element of smoking a tobacco cigarette. TAAT has captured the experience through packaging, scents, crackling sounds, a tobacco taste and even the motor habits, such as hand to mouth and flicking of ashes. The success of TAAT seems to prove that smokers aren’t just reaching for cigarettes for the nicotine; rather, many enjoy the smoking ritual and experience. TAAT offers an alternative experience without compromise.
TAAT Lifestyle and Wellness has developed TAAT, a tobacco-free and nicotine-free alternative to traditional cigarettes available in Original, Smooth and Menthol varieties. TAAT’s base material is Beyond Tobacco, a proprietary blend that undergoes a patent-pending refinement technique causing its scent and taste to resemble tobacco. Under executive leadership with Big Tobacco pedigree, TAAT was launched first in the United States in Q4 2020 as the company seeks to position itself in the $814 billion global tobacco industry.
NOTE TO INVESTORS: The latest news and updates relating to TOBAF are available in the company’s newsroom at https://ibn.fm/TOBAF
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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, has released its unaudited 2020 results, which show an increase in the demand for its products. SRAX intends to continue enhancing its platform to accommodate this growing need. “SRAX will continue to upgrade Sequire with innovative technological improvements such as its new Shelf Registration feature that allows users to review and track their shelf registration and current shelf availability,” reads a recent article. “As interest in data analytics continues to grow, SRAX ensures that Sequire will adapt to the growing demands of the market through additional features that include real-time data importing, seamless data additions for non-public share increases and timely one-click predictions that offer its user base critical insights into the increasingly volatile market.”
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.
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Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a torchbearer blazing a new frontier in American cannabis, adheres to the highest ethical, manufacturing, educational, branding and employment standards available in the industry. “Red White & Bloom is a super state operator, leveraging a sizable footprint to dominate the areas in which it operates. CEO Brad Rogers and other management members have seen the struggles of multistate operators who have spread themselves too thin, which is why Red White & Bloom is intent on dominating each state it enters before expanding further,” reads a recent article about the company. “Red White & Bloom has entered strategic brand acquisitions and partnerships aimed at helping the company expand its presence and position as one of the largest players in the United States cannabis market. Red White & Bloom is always diligently searching for brands to acquire that will provide additional value to the company and expand its national footprint.”
Red White & Bloom Brands 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 major U.S. markets, including Florida, Illinois, California, Michigan, Oklahoma and Arizona with respect to cannabis, as well as the United States and internationally for hemp-based CBD products. For more information about the company, visit www.RedWhiteBloom.com.
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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 10th, 2021UncategorizedComments Off on $RWBYF CannabisNewsBreaks – Why Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Is ‘One to Watch’
A recent literature review conducted by researchers from the Murdoch Children’s Research Institute has discovered that mental health should be assessed as part of pediatric concussion management and assessment. The review was reported in the “British Journal of Sports Medicine.”
Alice Gornall, a PhD candidate from Monash University and a researcher from MCRI, stated that the relationship between mental health and delayed recovery wasn’t well understood, despite the fact that many mental health and post-concussion symptoms overlap.
The researchers reviewed 69 articles published from 1980 to 2020. The articles involved more than 89,000 children who had experienced concussions. The children were aged 18 and below and were from various countries, including New Zealand, Canada, United States and Australia. The researchers found that sporting injuries and falls were the most common injury cause, which was closely followed by car accidents.
They also discovered that in comparison with children who sustained other injuries and healthy children, almost 37% of these children internalized problems such as post-traumatic stress, depression, anxiety and withdrawal and also externalized issues such as hyperactivity, attention problems and aggression after a concussion.
The researchers also found that pre-existing mental health conditions were a good predictor of mental health problems brought about by concussions. The review noted that 29% of children who had been diagnosed with mental health conditions before their injuries received a new diagnosis after their concussions. In addition, nearly 26% of children who had no previous mental health issues pre-injury went on to develop symptoms.
Gornall stated that considerable improvements in mental health were noted in three to six months after the children had been injured, with a few of them experiencing continuous symptoms for a few years post-injury.
This comes after another study, also led by the Murdoch Children’s Research Institute and reported in the “Journal of Head Trauma Rehabilitation,” discovered that experiencing a traumatic brain injury in early childhood was linked to lower IQ scores.
Gornall stated that concussions were a public health concern as about one-third of children experienced head injuries before they were 13 years old. She added that despite the high occurrence of concussions in adolescents and children, it was still a challenge for clinicians to identify children who were at risk of difficulties post-injury.
Vicki Anderson, PhD., of the MCRI Institute stated that intervention, prevention and assessment of mental health issues after children experienced a concussion should be integrated into the standard management of concussions.
This, Anderson added, was a way to avail adolescents and children with mental health services to either treat issues that already exist or hinder the emergence of unnecessary problems.
Aside from mental health conditions, the human race is also grappling with a rising caseload of people affected by cancer. The race is on to find better cancer treatments, and companies such as Predictive Oncology (NASDAQ: POAI) are focused on making it possible to customize cancer therapies in order to improve treatment outcomes.
NOTE TO INVESTORS: The latest news and updates relating to Predictive Oncology (NASDAQ: POAI) are available in the company’s newsroom at http://ibn.fm/POAI
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PlantX Life (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF), a multifaceted marketplace providing consumers all things plant based, has closed on its acquisition of Little West LLC. Little West is a California-based small business that produces premium, small batch, cold-pressed juices with no preservatives, concentrates or added sugars. The company uses fresh produce from local family farms, and the company takes pride in the fact that every Little West juice contains two to four pounds of hand-selected, non-GMO produce that cold-pressed and bottled within 48 hours of harvest. PlantX had announced plans for the acquisition last month. The announcement noted that Little West founders and owners Cassandra Troy, Andrew Walker and Brad Neumann will continue to run the company, which will benefit from PlantX’s extensive e-commerce platform, technical business expertise and marketing resources as it grows in the North American market. “It is truly exciting to finalize our acquisition and partnership with Little West,” said PlantX founder Sean Dollinger in the press release. “We’ve already seen a lot of interest in the Little West cold-pressed juices since we announced our intention to acquire this amazing company, and we are very much looking forward to working together with Little West team and capitalize on our mutual strengths to enhance the company’s growth moving forward.”
As the digital face of the plant-based community, PlantX’s platform is the one-stop-shop for everything plant-based. With its fast growing category verticals, the company offers customers across North America more than 10,000 plant-based products. In addition to offering meal and indoor-plant deliveries, the company currently has plans underway to expand its product lines to include cosmetics, clothing, and its own water brand — but the business is not limited to an e-commerce platform. The company uses its digital platform to build a community of like-minded consumers and, most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs and brands. The company eliminates the barriers to entry for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life. For more information about this company, please visit www.PlantX.com and www.PlantX.ca.
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Months after pushing the deadline for banning the sale of new internal combustion engine vehicles to 2030, the United Kingdom has surpassed France to become Europe’s second-biggest electric vehicle (“EV”) market. As the world has started moving away from carbon-emitting fossil fuels, several countries around the world are planning to replace their fossil fuel-powered vehicles with zero-emission electric cars. According to independent automotive industry expert Matthias Schmidt, around 31,800 battery-powered electric vehicles were bought in the United Kingdom over the first quarter of the year.
On the other hand, France saw the sale of 30,500 battery electric vehicles (“BEVs”) in the first quarter of 2021. Industry data shows that BEVs made up 7.5% of new vehicles sold in the United Kingdom from the start of January to the end of March. This is close to double the percentage of EVs sold within the same timeframe. Although the UK has seen increased EV sales since the coronavirus pandemic struck, the trend is not limited to just one country.
Demand for electric vehicles has been steadily growing in China, Europe and the United States, which are the largest electric vehicle markets in the world. While the EV industry is relatively small and pales in comparison to the century-old automotive industry, EV sales have increased as EV startups and legacy automakers throw their hats into the race. This is partly due to the passage of new emission standards by several countries that levy steep fines on manufacturers that do not find ways to steadily reduce their products’ carbon emissions.
The UK will likely remain the second-largest EV market in Europe, Schmidt says, although it is still a long way from reaching Germany, the EU’s top EV market. In the first quarter of the year, 64,700 electric vehicles were sold in Germany, more than double the EVs sold in the United Kingdom. The German government offers generous subsidies for electric vehicles, and it doubled those incentives in June to make the relatively pricey BEVs accessible to more people.
Automakers within the UK market will have to tighten their belts even further this year, thanks to new emission rules in the wake of Brexit. This means they will have to somehow increase their sales of plug-in vehicles to avoid running afoul of the new emissions standards. However, 78% of British consumers are still worried that the country’s public charging infrastructure is not sufficient enough to support a mass switch to electric vehicles.
A CTEK-commissioned poll by YouGov also found that most people cannot afford to purchase electric vehicles due to their high prices. If the UK government is to meet its emission targets, it will have to offer subsidies to make EVs more affordable.
The electric vehicle industry is continuing to evolve at a fast rate, and with new players such as Net Element (NASDAQ: NETE) coming on board through mergers, sector innovation can only ramp up.
NOTE TO INVESTORS: The latest news and updates relating to Net Element (NASDAQ: NETE) are available in the company’s newsroom at http://ibn.fm/NETE
About Green Car Stocks
Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.
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At the close of business on 10 May 2021, Morten Opstad, Chair of the Board of IDEX Biometrics ASA, held the following voting rights in IDEX, for the purpose of the Extraordinary General Meeting on 12 May 2021:
Total 305,459,447 shares or 33,32% of the share capital and votes, consisting of the following:
Proxy to represent and vote for 192,375,433 shares or 20,98% of the share capital, including shares held by Mr Opstad and close relations
Proxy with voting instructions for 113,084,014 shares or 12,34% of the share capital.
Brett L Perry, U.S. Investor Relations
E-mail: bperry@sheltongroup.com
Tel: + 1 214 272 0070
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and Nasdaq: IDXBA) is a leading provider of fingerprint identification technologies offering simple, secure and personal touch-free authentication for all. We help people make payments, prove their identity, gain access to information, unlock devices or gain admittance to buildings. We invent, engineer, and commercialize these secure and safe yet incredibly user-friendly solutions. Our total addressable market represents a fast growing multi-billion-unit opportunity.
For more information, visit www.idexbiometrics.com and follow @IDEXBiometrics.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
Monday, May 10th, 2021UncategorizedComments Off on $IDEX Disclosure of Voting Rights in IDEX Biometrics Chair Morten Opstad – 10 May 2021
XPhyto Therapeutics (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) was featured in a recent episode of Gamechangers LIVE, a podcast series that shines a spotlight on individuals who are gamechangers in their fields and shares perspective on their journeys, mindsets, struggles and successes in an effort to inspire and inform listeners. XPhyto Therapeutics’ CEO and Director, Hugh Rogers, joined the broadcast, hosted by Executive Coach and Speaker Sergio Tigera, to discuss the company’s various lines of business, including its work to scale industrial production of pharmaceutical-grade psychedelics. “The psychedelic space is really exciting. This is absolutely the cutting edge of mental health treatment for everything —depression, anxiety, trauma-related counseling, PTSD, addiction treatment. The preliminary data looks extremely promising,” Rogers said. “These are new classes of drugs. They’ve been around for a long time and, in some cases, have been used for thousands of years in traditional medicine. It’s really just sort of been the past couple of years that there’s an opportunity for a corporate entity to take this on. We’re just getting started here.”
XPhyto Therapeutics works with the most promising disrupters in the pharmaceutical industry; accelerates research and technology development; and commercializes products with an entrepreneurial approach and a commitment to efficiency, effectiveness and accessibility. The company’s network spans Europe and North America, with companies at the forefront of diagnostics and drug formulations, and universities specializing in research on the use of psychedelics and cannabinoids. To learn more, visit the company’s website at www.Xphyto.com.
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Exploration and Production: 2021-1Q Review and Outlook
Oil Prices
Oil prices continued their upward trend in the first quarter with WTI prices reaching mid-sixties in early March before closing the quarter closer to $60/bbl. Brent oil prices are trading approximately 5% above WTI prices. Improving global economic trends have improved the outlook for oil demand. OPEC, which initiated supply reductions last year, has maintained those reductions despite the improved demand outlook. Near-term, temporary events such as cold weather and the blockage of the SUEZ canal have helped keep spot prices high. The oil future curve is flat with longer-term pricing just below $60/bbl.
Meanwhile, domestic producers have been slow to react to higher oil prices. There are slightly more than half the number of active oil rigs in the United States versus this time last year (324 verses 624) and only 25% of the rigs operating at peak (1600). Note in the graph below how WTI oil prices began rising in the fall of 2020, but the rig count barely responded. International rig counts show a similar story. We are somewhat at a loss to explain the slow supply reaction to higher prices. Perhaps COVID issues are making it difficult to man the crews needed to run rigs. Perhaps producers are wary of supply bottlenecks that pushed oil prices into negative levels last fall. Perhaps producers believe OPEC will punish U.S. producers that expand when prices cross $50/bbl. by opening up supply and driving prices back down below $40/bbl. Whatever the reason, the lack of a supply response has the effect of keeping oil prices above the levels we believe would occur when supply and demand are in balance.
Natural Gas Prices
Natural gas prices followed oil prices up in January and February due to much-publicized cold fronts across the Midwest. The May contract peaked at $3.22/mcf on February 16th. However, prices fell in March when warmer weather took over. Current prices are near $2.60/mcf, close to where they began the quarter. Natural gas futures rise modestly as they stretch into the fall approaching $2.75/mcf. There were 92 gas drilling rigs in operation as of March 26th down from 102 rigs a year ago.
The recent decline in natural gas prices mirrors what can be seen in the natural gas storage numbers. Storage began the winter near full capacity but has fallen sharply in January and February due to cold weather. At current levels, storage is near 5-year averages. As we enter the end of the heating season, there is little chance that levels will move away from average levels.
Energy Stocks
Energy stocks, as measured by the XLE Energy Index, rose alongside oil prices climbing 32% during the quarter. The chart below shows that the performance of energy stocks in comparison to the S&P Composite Index.
Outlook
The rebound in oil prices came faster than expected and is staying higher than we would have expected. We have been adjusting our models to reflect higher prices but are maintaining our long-term oil price forecast of $50 per barrel and $2.50 per mcf. Energy companies should start reporting positive cash flow at these prices and increasing drilling budgets.
Our near-term outlook for energy stocks remains positive. We expect companies to report favorable results for the next few quarters. Longer-term, we have concern that oil demand will be constrained by power generation competition from renewable energy and decreased demand for gasoline and diesel due to a growth in electric vehicles. At the same time, increased supply from OPEC and continued drilling productivity will mean lower energy prices. We recommend investors stay focused on energy companies with solid balance sheets, low operating costs and protected prices.
Industry: Energy – Green energy; Heavy electrical equipment
Capstone Green Energy (Capstone or CGRN) is a leading producer of microturbine-based low emission energy systems. Microturbines are small combustion turbines that use a variety of fuels such as natural gas, biogas, RNG and hydrogen to generate electricity, thermal energy, and air-conditioning. Microturbines are customizable and efficient, reducing the emission of pollutants and greenhouse gases. Capstone’s microturbines are scalable, and systems range from 30 kilowatts to 10 megawatts. Capstone has shipped nearly 10,000 units to 83 countries.
1st Quarter News Highlights:
March 11, 2021: Capstone Turbine Corp. announces that it continues to expand the range of non-fossil fuels able to power its innovative microturbine based energy solutions. With the signing of a new OEM agreement with Professor Dr. Berg & Kießling GmbH (B+K), Capstone immediately received an order for the first Capstone microturbine kit under the new agreement. The Capstone microturbines will be integrated into the innovative B+K ClinX product. The ClinX product uses renewable sources instead of fossil fuels and thus prevents unnecessary CO2 emissions.
Industry: Energy – Mineral energy; Uranium; Rare earth minerals and metals
Energy Fuels is a U.S.-based uranium mining company, supplying uranium concentrate to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant. Energy Fuels owns the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (ISR) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. and has the ability to produce vanadium when market conditions warrant. Energy Fuels’ common stock trades on the NYSE American under the trading symbol “UUUU” and the Toronto Stock Exchange under the trading symbol “EFR”.
1st Quarter News Highlights:
March 9, 2021: The company announces that the first shipments of natural monazite ore arrived at the Company’s White Mesa Mill (the “Mill”) in Blanding, Utah this past weekend. This material was separated by The Chemours Company at its Offerman Mineral Sand Plant in Georgia and transported by truck to the Mill. Energy Fuels expects to gradually ramp-up production of an intermediate rare earth element (“REE”) product, called a “mixed REE carbonate.” This product will then advance to REE separation, which is the next stage in the REE value chain. Energy Fuels also expects to recover the uranium in the ore, which will be used as fuel for the generation of clean, carbon-free nuclear energy.
Industry: Energy – Oil and gas; Exploration and production
InPlay Oil is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities. The common shares of InPlay trade on the Toronto Stock Exchange under the symbol IPO and the OTCQZ Exchange under the symbol IPOOF.
1st Quarter News Highlights:
March 23, 2021: InPlay Oil held a webcast for the investment community where management expressed its desire to pay down debt and invest in wells with high returns. Management expressed their belief that energy prices are in the sweet spot for the company in the low $60/BBL and believes operating and drilling costs will continue to decline with a decrease in competition.
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Thursday, May 6th, 2021UncategorizedComments Off on $UUUU Energy Industry – Exploration and Production 2021 Q1 Review and Outlook
“Now that we have gained momentum in the USD $814 billion global tobacco industry, we have determined it to be important to ensure the most prominent identifying attributes of the company reflect our mission and business objectives,” said TAAT CEO Setti Coscarella. “Last week, we announced our Beyond Nicotine(TM) initiative based on reports that the Biden administration plans to take action to reduce nicotine content in tobacco cigarettes sold in the United States.
“Our value proposition is built around offering a better alternative for smokers aged 21+, giving them the choice to keep the experiences they enjoy while leaving nicotine behind,” he continued. “With over 1.3 billion users of tobacco worldwide, we believe TAAT and its Beyond Tobacco base material are relevant globally, which led to our board of directors agreeing on the updated name.”
For now, the company’s common shares will continue to trade under the ticker TAAT on the Canadian Securities Exchange, and no change was made to the company’s ticker symbol as a result of the name change.
The request to uplist to the NASDAQ comes only a month after the company was upgraded from the OTCQB Venture Market to the OTCQX Best Market, the highest tier of markets operated by OTC Markets Group Inc. The company anticipates several benefits from its potential uplisting to NASDAQ, including additional opportunities to attract institutional and retail investors, and expanding its investor base to the United States and beyond; greater visibility for TAAT and its business activities and accomplishments, as well as its future growth strategy; possible increased liquidity; and enhanced overall market presence.
TAAT Lifestyle and Wellness has developed TAAT, a tobacco-free and nicotine-free alternative to traditional cigarettes available in Original, Smooth and Menthol varieties. TAAT’s base material is Beyond Tobacco(TM), a proprietary blend that undergoes a patent-pending refinement technique causing its scent and taste to resemble tobacco. Under executive leadership with Big Tobacco pedigree, TAAT was launched first in the United States in Q4 2020 as the company seeks to position itself in the $814 billion global tobacco industry.
NOTE TO INVESTORS: The latest news and updates relating to TOBAF are available in the company’s newsroom at https://ibn.fm/TOBAF
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New Distribution Agreement For Copa Di Vino and Pulpoloco Sangria Expands Splash Beverage Group Inc.’s (SBEV) Footprint Into North Carolina
SBEV entered partnership with Johnson Brothers to increase Copa Di Vino and Pulpoloco Sangria distribution in North Carolina
SBEV leverages superior production, supply chain efficiencies, global distribution capabilities to rapidly develop, accelerate pre-existing brands for profitable exits
Johnson Brothers recently expanded distribution footprint through Mutual Distributing Co. acquisition
Splash Beverage Group (OTCQB: SBEV), a holding company with a leading portfolio of beverage brands, recently announced entry into the North Carolina market through a new partnership with Johnson Brothers – a leading wine, spirits and beer distributor (https://ibn.fm/X2J7C). The agreement includes the distribution of Copa di Vino and Pulpoloco Sangria, two of the company’s leading beverage innovations that combine product quality, technological innovation and proven branding power.
Residents of South Carolina will soon have wide access to SBEV’s Copa di Vino – a premium “wine by the glass” product that can be easily consumed anywhere without requiring a bottle opener or corkscrew. The brand made headlines decades ago on Shark Tank after its founder turned down multiple offers, choosing instead to branch out independently and make tens of millions of dollars on his own before selling the business to SBEV (https://ibn.fm/3Is5j). Its unique packaging is rivaled by SBEV’s premium Pulpoloco Sangria – a fine Sangria imported from Spain using a premium blend of Spanish ingredients. Eco-friendly and biodegradable, Pupoloco Sangria is aseptically filled and packaged in an eco-friendly CARTOCAN(R) container for flavor enhancement and sustainable disposal.
Johnson Brothers (“JB”) has represented industry-leading suppliers as well as notable local brands for nearly 70 years. Along with extensive coverage across North Carolina, the company’s distribution footprint surged once again with the recent acquisition of Mutual Distributing Co. – one of the most extensive wine and beer distributors in the state.
“The partnership with Johnson has our wine/sangria brands joining the most elite domestic and international wines covered by JB in North Carolina,” said SBEV President and Chief of Marketing Bill Meisner. “With 40 years’ experience distributing wine, specialty beers and spirits, we’ve found an ideal partner for this region, complementing our existing distribution in this region.
“Shareholders and consumers alike will recognize a rapid entry to market via established partners that give us a leg up in entering markets throughout the country toward expedited growth and overall exposure for our unique portfolio of beverage brands,” Meisner concluded.
SBEV seeks out trendy brands with special characteristics that include superior ingredients, top quality and health benefits. Along with Copa Di Vino and Pulpoloco Sangria, SBEV’s portfolio also includes TapouT Performance – a natural isotonic hydration & recovery sports drink, and Salt Naturally Flavored Tequila – a fine tequila crafted from handpicked, 100% pure blue agave plants from the mountains of Jalisco, one of the country’s most fertile agave-growing regions.
SBEV strives to maintain high performance standards with a focus on execution, ensuring that distributors and retail partners achieve and exceed all goals. The company’s growth strategy is characterized by superior production, supply chain efficiencies and global distribution capabilities that are leveraged to rapidly develop and accelerate pre-existing brands that can be profitably exited for cash events.
NOTE TO INVESTORS: The latest news and updates relating to SBEV are available in the company’s newsroom at https://ibn.fm/SBEV
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Thursday, May 6th, 2021UncategorizedComments Off on $SBEV New Distribution Agreement For Copa Di Vino and Pulpoloco Sangria Expands Splash Beverage Group’s Footprint Into North Carolina
Predictive Oncology (NASDAQ: POAI) has made several advances in providing cancer treatment solutions. Its subsidiary, TumorGenesis, “specializes in technology that preserves a patient’s unique cancer tissue biological signatures, thereby allowing researchers to study cancer in the laboratory using samples that reflect actual tumors found in a patient,” reads a recent article. TumorGenesis’ transformational technology enables cell lines from patients to represent more than 90% of ovarian cancer cells, a significant improvement from the existing technologies, which can only represent 1% of ovarian tumor cells. “The result, simply stated, assists health providers in selecting the most effective drug to treat a specific patient’s unique cancer – personalized medicine at its finest.”
Predictive Oncology operates through three segments (Skyline, Helomics and Soluble Biotech), which contain four subsidiaries: Helomics, TumorGenesis, Skyline Medical and Soluble Biotech. Helomics applies artificial intelligence to its rich data gathered from patient tumors to both personalize cancer therapies for patients and drive the development of new targeted therapies in collaborations with pharmaceutical companies. TumorGenesis Inc. specializes in media that help cancer cells grow and retain their DNA/RNA and proteomic signatures, providing researchers with a tool to expand and study cancer cell types found in tumors of the blood and organ systems of all mammals, including humans. Skyline Medical markets its patented and FDA cleared STREAMWAY System, which automates the collection, measurement and disposal of waste fluid, including blood, irrigation fluid and others, within a medical facility, through both domestic and international divisions. Soluble Biotech is a provider of soluble and stable formulations for proteins, including vaccines, antibodies, large and small proteins and protein complexes. For more information, visit the company’s website at www.Predictive-Oncology.com.
NOTE TO INVESTORS: The latest news and updates relating to POAI are available in the company’s newsroom at http://ibn.fm/POAI
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