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$FORZ News: Forza Innovations Announces Completion of New Funding Round
SAN DIEGO, CA / ACCESSWIRE / September 30, 2022 / Forza Innovations Inc. (the "Company") (OTC PINK:FORZ) today announced the completion of a new tranche of funding, totaling $250,000. The majority of these funds will be allocated to the Company's subsidiary, Sustainable Origins to continue their growth and foster additional successful partnerships. The Company firmly believes this is a best use of these funds based on the outstanding track record of its subsidiary.
Forza Innovations CEO Johnny Forzani is visiting Sustainable Origins' Charlotte, NC operations this week to get updates on the subsidiary's progress. Both the parent company and Sustainable Origins have been experiencing steady growth based on a template developed at Mr. Forzani's previous successful companies. Devoting this round of funding to Sustainable Origins is justified by the steady cash flow that it has generated by their innovation and growth in the Biodiesel industry.
Forza Innovations CEO Johnny Forzani shared his reaction to this success, "I am pleased, and as always grateful, to announce that we have secured this round of financing. Thanks to Patrick Hassani at Mast Hill for believing in us and seeing our vision. Now it is time to deliver. A good portion of this tranche will be dedicated to the continued growth of Sustainable Origins. This capital will immediately boost operations and sales, ultimately, making the company more profitable.
I am pumped to make my 1st official trip to North Carolina this week. Our operations there have grown, and there are meetings lined up that can be a total game changer for both Sustainable Origins and Forza Innovations. Stay tuned! "
Further details of the financing, including the financing documents can be found in a Form 8-K that the Company filed with the SEC on September 29, 2022.
ABOUT SUSTAINABLE ORIGINS
Founded in 2020 by two Canadian entrepreneurs with a dream, Sustainable Origins mission is to leave our communities better than we found them by reducing the waste of oil and the stress of disposing it while giving businesses the compensation they deserve to reinvest into their operations. The Company accomplished this by becoming Biodiesel experts through months of research. They connected with scientists, Fortune 500 oil and gas CEO's, investors, and renewable fuel experts. The founders were then referred to a small-scale Used Cooking Oil ("UCO") collection operation based out of Denver, NC called Oil Industries LLC. The owner, showed them the ins and outs of the industry throughout 2021 and the Company bought out his business, invested in new equipment and focused on building a thriving UCO collection business. Sustainable Origins installs storage tanks at the customer's location, then working with their partners, pays their clients for the oil, collects it without spillage or mess, and converts it to clean burning biodiesel.
SUSTAINABLE ORIGINS' CONTACT: Alex Stone
PHONE: (704) 761-3955
EMAIL: Alex@sustainableorogins.ca
ABOUT FORZA INNOVATIONS
Forza Innovations Inc. (OTC Pink: FORZ), is in the health-tech wearable performance business. Its offices are based in San Diego, California and houses an innovative health-tech lab, stocked with state-of-the-art industrial machinery that specializes in the design and development of patented IP. Our focus at Forza is to create world-class IP and patent our products through both utility and design protection.
For further information, please refer to our website http://www.forzinnovations.com
CONTACT: Johnny Forzani
EMAIL: info@forzinnovations.com
Forward-Looking Statements
Some of the statements contained in this press release constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts, such as statements regarding the closing of the exchange agreements and expected reduction in our total outstanding debt and annual interest payments. In many cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "outlook," "potential" or the negative of these terms or other comparable terminology. The forward-looking statements contained in this press release reflect our current views.
SOURCE: FORZA INNOVATIONS INC.
View source version on accesswire.com:
https://www.accesswire.com/718275/Forza-Innovations-Announces-Completion-of-New-Funding-Round
$FORZ News: Forza Innovations' Subsidiary Cooking Oil Recycler Sustainable Origins Introduces New, Larger Steel Collection Tanks; Provides Update
CHARLOTTE, NC / ACCESSWIRE / September 26, 2022 /Sustainable Origins (the "Company"), a wholly-owned subsidiary of Forza Innovations Inc. (OTC PINK:FORZ) today announces the rollout of their newly designed steel storage tanks. The Company places these tanks at customer locations, where they are used to store used cooking oil that is then collected to convert to Biodiesel. The tanks have a higher storage capacity that will allow the Company to sign larger accounts. The Company will be able to serve a new category of clients, including large supermarket chains and commercial kitchens.
Sustainable Origins' next step is to develop automated systems for clients so that they can begin to pursue large restaurant groups. The Company has an agreement in place with a group that owns 20 Popeyes Chicken restaurants where, if they can show proof of concept in one store, they can expand into all their locations. This should be completed within the next month. They are also negotiating an agreement with TankDepot to sell the steel tanks nationwide to other used cooking oil collection companies. Finally, the Company is starting to hire a sales force as well as additional drivers to grow their Charlotte-area business.
Sustainable Origins President Alex Stone is excited about the Company's recent progress, "We expect the next few months to be very productive. As we expand our team and develop new technologies the sky's the limit. At Sustainable Origins, we know that with great growth comes great responsibility, especially to the environment."
ABOUT SUSTAINABLE ORIGINS
Founded in 2020 by two Canadian entrepreneurs with a dream, Sustainable Origins mission is to leave our communities better than we found them by reducing the waste of oil and the stress of disposing it while giving businesses the compensation they deserve to reinvest into their operations. The Company accomplished this by becoming Biodiesel experts through months of research. They connected with scientists, Fortune 500 oil and gas CEO's, investors, and renewable fuel experts. The founders were then referred to a small-scale Used Cooking Oil ("UCO") collection operation based out of Denver, NC called Oil Industries LLC. The owner showed them the ins and outs of the industry throughout 2021 and the Company eventually bought out his business, invested in new equipment and focused on building up a thriving UCO collection business. Sustainable Origins installs storage tanks at the customer's location. Then working with their partners, the Company pays their clients for the oil, collects it without spillage or mess, and converts it to clean burning biodiesel.
CONTACT: Alex Stone
PHONE: (704) 761-3955
EMAIL: Alex@sustainableorogins.ca
ABOUT FORZA INNOVATIONS
Forza Innovations Inc. (OTC Pink:FORZ), is an innovative health-tech lab, stocked with state-of-the-art industrial machinery that specializes in the design and development of patented IP. Our focus at Forza is to create world-class IP and patent our products through both utility and design protection.
Please refer to the Company's website http://www.forzinnovations.com
CONTACT: Johnny Forzani
EMAIL: info@forzinnovations.com
Forward-Looking Statements
Some of the statements contained in this press release constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts, such as statements regarding the closing of the exchange agreements and expected reduction in our total outstanding debt and annual interest payments. In many cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "outlook," "potential" or the negative of these terms or other comparable terminology. The forward-looking statements contained in this press release reflect our current views.
SOURCE: Forza Innovations, Inc.
View source version on accesswire.com:
https://www.accesswire.com/717423/Forza-Innovations-Subsidiary-Cooking-Oil-Recycler-Sustainable-Origins-Introduces-New-Larger-Steel-Collection-Tanks-Provides-Update
$PVSP's Financial Outlook Q3 2022 through Q4 2023:
Reach $2.0 million in monthly revenue by end of Q1 2023
Reach $2.5 million or $30 million in annualized revenue by end of Q4 2023 with 30% in adjusted EBIDTA
Reach $3.0 million or $36 million in annualized revenues by end of Q2 2024 with 35% in adjusted EBIDTA
Reach $50 million in annualized revenue with 35% in adjusted EBIDTA
$GTVH: Golden Triangle Ventures; Diving Deeper Into The Company Itself
Click here for new company overview video:
$INKW news just hit >> Greene Concepts Appoints New National Sales Director To Lead Company’s Major Retail Chain Expansion
https://www.globenewswire.com/news-release/2022/09/26/2522728/0/en/Greene-Concepts-Appoints-New-National-Sales-Director-To-Lead-Company-s-Major-Retail-Chain-Expansion.html
$PVSP The below Washington State (WA) sales by category chart provides information on how monthly sales of approximately $100 million in retail sales breaks down by product category. It might also be informative to understand that June ’22 sales over June ’19 sales (pre pandemic) show an almost 17% increase. While WA sales are slightly above other mature cannabis states (NV, CO, OR), similar increases can be seen in those markets. An exuberant pandemic triggered belief in continued rapid growth has led to over development of production infrastructure and resulted in material oversupply of bulk cannabis flower. The market is in the process of correcting and the Company estimates Q3 2023 being the end of the corrective period, resulting in strengthening prices.
https://www.benzinga.com/pressreleases/22/09/g28756512/24-month-roadmap-to-50-million-in-sales
$PVSP we are Artizen cannabis and we are expanding rapidly nationwide and international markets too!
says we are a top 19 producer in the #USA come see what we do online
$PVSP 24 Months plan detail
Rename Pervasip Corp to Artizen Corporation by year end 2022 to better reflect the new focus of the company
Change the OTC ticker symbol
Re-brand all Pervasip/Artizen assets
Continue to rationalize the business through Q1 2023 with a focus on operating margins, shedding underperforming assets, consolidating operations and focus in-house talent on higher margin operations and product lines
Acquire concentrates assets by end of 2022, launching into the highly lucrative concentrates business
Expand flower and concentrates offerings within our brands as well as adding new brands for certain product offerings and price points through Q1 2023
Complete the audit and begin the OTC QB application process during Q2 2023
Launch Artizen Wellness Q2 2023
Enter the edibles market in Q2 2023 via acquisition and partnerships
Artizen becomes an MSO with cultivation and retail assets in 1 – 2 additional states during 2nd half of 2024, beginning its state expansion in Q1 2023, initially through brand licensing opportunities and strategic partnerships, and eventually via acquisitions and mergers during Q3 and Q4 2024
Close first brand licensing agreement by end of Q4 2022
Close one brand licensing deal every quarter thereafter
Financial Outlook Q3 2022 through Q4 2023
Reach $2.0 million in monthly revenue by end of Q1 2023
Reach $2.5 million or $30 million in annualized revenue by end of Q4 2023 with 30% in adjusted EBIDTA
Reach $3.0 million or $36 million in annualized revenues by end of Q2 2024 with 35% in adjusted EBIDTA
Reach $50 million in annualized revenue with 35% in adjusted EBIDTA
$PVSP Artizen On Instagram:
https://www.instagram.com/reel/CVRjKSOBw4c/
$PVSP will launch Artizen Wellness Q2 2023 and enter the edibles market in Q2 2023 via acquisition and partnerships
$PVSP Pervasip owns 100% of Artizen Corporation (“Artizen Corp”). Artizen Corp’s wholly owned subsidiary, Zen Asset Management LLC (“ZAM”) is a foundational operator that provides the basis for our cannabis related investments. ZAM, a diversified asset management company was founded to acquire, develop, and support companies and technologies in the cannabis industry.
$PVSP Artizen On Instagram:
https://www.instagram.com/reel/CVRjKSOBw4c/
$GMPR - Update via Twitter on multiple new purchase orders from the company's established distributors:
Gourmet Provisions International@GourmetProvInt
On Friday we received our 5th PO from food distributor Gia Russa 1500+
@PizzaFusion
Gourmet Frozen Pizzas & today we received our 6th PO from McAneny Brothers for another 1500+ pizzas! New grocery & convenience stores every week! Talking w/@PennState food service $GMPR
Twitter Link:
On Friday we received our 5th PO from food distributor Gia Russa 1500+ @PizzaFusion Gourmet Frozen Pizzas & today we received our 6th PO from McAneny Brothers for another 1500+ pizzas! New grocery & convenience stores every week! Talking w/ @PennState food service $GMPR pic.twitter.com/8N9B0NOSYh
— Unique Global Innovative Solutions Corp (@Unique_Global_) August 29, 2022
$GMPR: Gourmet Provisions International Corp. (GMPR) Announces Corporate Update
Click here for full details including upcoming acquisition of Black Rock restaurant chain bringing $25 million in annual revenues:
https://www.globenewswire.com/news-release/2022/07/08/2476610/0/en/Gourmet-Provisions-International-Corp-GMPR-Announces-Corporate-Update.html
$HTSC KRTL Biotech Inc is a U.S. research and development company now working in Korea through KRTL Asia, with a consortium of experienced Korean and US doctors and researchers dedicated to improving mankind’s debilitating physical and mental ailments with progressive holistic solutions. Their disciplines are in the CBD and Psilocybin arena and will study and work with these and other plant based products.
$PVSP Over 400 Cannabis Products
https://www.leafly.com/brands/artizen-cannabis
$PVSP Pervasip Corp., a developer of companies and technologies in high value emerging markets, owns Artizen Corporation and its subsidiary, Zen Asset Management LLC, a diversified asset management company founded to acquire, develop, and support companies and technologies in the cannabis industry. ZAM’s existing clients operate four licensed cannabis cultivation and one processing facility in Washington. Most of the biomass produced by these independent cultivators has been sold historically under the Artizen™ brand, including all-time top selling products in flower in Washington state. Additional information on Artizen-branded products is available online at www.artizencannabis.com. Pervasip additionally owns 5% of KRTL Biotech, Inc., a developer of biotechnologies with a focus on pharmaceutical applications of cannabinol and psilocybin. Additional information on KRTL is available online at www.krtlbiotech.com. Additional information on Pervasip can be found at www.pervasip.net.
https://www.benzinga.com/pressreleases/22/07/g28151445/pervasip-announces-2-billion-authorized-share-reduction-and-no-reverse-splits-for-5-years
$HTSC The Company has uploaded its June 30, 2022 consolidated financial statements to OTC Markets. Please refer to the financial statements for complete details of the Company's third quarter fiscal 2022 operating results.
https://www.marketwatch.com/press-release/here-to-serve-holding-corp-reports-nine-month-operating-income-of-1320883-with-revenues-of-1935374-2022-08-15?mod=mw_quote_news_seemore
$PVSP partnered with a national cultivation group in its effort to upgrade all facilities and grow SOPs with an objective to increase per square foot output by 50%
$PVSP In addition, the Company has decided to announce that no reverse splits will be entertained for the next 5 years. The only exception would be a future uplisting to OTCQX.
“We are still planning to complete our audits and uplist to OTCQB as soon as possible,” continued Burtscher. “In the meantime, we will follow through on our operating plans, continue to restructure and generate value for our shareholders. Addressing shareholder concerns regarding potential reverse splits has been on our mind for a while. A 5-year horizon will cover all eventualities, including equity that will be seasoned over the next 2 years.”
https://www.marketwatch.com/press-release/pervasip-announces-2-billion-authorized-share-reduction-and-no-reverse-splits-for-5-years-2022-07-21?mod=mw_quote_news_seemore
$IVDN is on countdown to the September 15th due date for its Q3 financial filing which we already know will deliver strong revenue growth. The company's Insultex House Wrap has now been validated as the best choice on the market and IVDN is just starting to reap the benefits.
"Revenues for the first part of the third quarter of 2022, are approximately 275% higher than revenues for the second quarter. We expect revenues to continue to increase primarily from sales of our House Wrap product line as we increase our distribution network, get repeat orders from existing distributors and customers and increased sales to contractors and builders."
SOURCE:
https://www.otcmarkets.com/filing/html?id=15900895&guid=1UnwkaGHcQMKJth
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About Innovative Designs Inc.
Innovative Designs Inc. manufactures the Insultex(R) House Wrap, Arctic Armor(R) Line, under the "i.d.i.gear" label featuring INSULTEX(R). INSULTEX(R) is the thinnest, lightest, and warmest insulator in the market today. For more information, please visit http://www.idigear.com or http://www.insultexhousewrap.com.
$BLEG Branded Legacy, Inc.'s Subsidiary Elev8 Hemp Acquires USDA Organic Certification
https://tinyurl.com/yuru83jh
$BLEG Completes Acquisition of Spikes CBDx
https://tinyurl.com/4sw5wuuv
Brandon Spikes, founder of Spikes CBDx, LLC, has been an advocate of CBD for athletes for quite some time. Spikes believes that post workout recovery, with Spikes CBDx products, can lower inflammation, aid in making your body stronger, and help recover from injuries naturally. The CBD line also targets individuals who are looking for pain relief, better sleep, faster recovery and lowering inflammation. Spikes CBDx provides tinctures, lotions, moisturizer and cryo-gel roll-ons. To view all of the Spikes CBDx products please visit: SpikesCBDX.com
$TINO management is aggressively working on logistical and operational aspects regarding exploration activities this week #GOLD #OTC #OTCMarkets #stockstowatch #revitalization #reorganization #OTC
$TINO Executive Industries, a division of Here To Serve Holding Corp. (OTC:HTSC) is at it hard and feels confident that the task of doing the accounting for Tamino Minerals Inc. to qualify $TINO for "OTCQB" Fully Reporting Status
$HTSC Here To Serve Holding Corp. https://finance.yahoo.com/news/serve-holding-corp-reports-nine-124000403.html
$TINO has access to some of the best exploration Mining districts in South America #Lithium #Mining #Copper #OTC #OTCMarkets
$PVSP The Company’s board of directors has authorized a reduction of the number of authorized shares by 2 billion and will file the necessary certificates of amendment. “This is a significant step for us. We are continually looking for ways to combat any manipulation of our stock and increase value for our shareholders. We believe this reduction leaves enough shares in reserve for us to undertake any needed capital raising efforts, while also minimizing dilution among our shareholders,” said German Burtscher, Chief Executive Officer.
https://www.nasdaq.com/press-release/pervasip-announces-2-billion-authorized-share-reduction-and-no-reverse-splits-for-5
Clean Energy Cars $IDEX
$TINO Management https://taminominerals.ca/management-team/
$PVSP In addition, the Company has decided to announce that no reverse splits will be entertained for the next 5 years. The only exception would be a future uplisting to OTCQX.
“We are still planning to complete our audits and uplist to OTCQB as soon as possible,” continued Burtscher. “In the meantime, we will follow through on our operating plans, continue to restructure and generate value for our shareholders. Addressing shareholder concerns regarding potential reverse splits has been on our mind for a while. A 5-year horizon will cover all eventualities, including equity that will be seasoned over the next 2 years.”
$PVSP Pervasip Corp., a developer of companies and technologies in high value emerging markets, owns Artizen Corporation and its subsidiary, Zen Asset Management LLC, a diversified asset management company founded to acquire, develop, and support companies and technologies in the cannabis industry. ZAM’s existing clients operate four licensed cannabis cultivation and one processing facility in Washington. Most of the biomass produced by these independent cultivators has been sold historically under the Artizen™ brand, including all-time top selling products in flower in Washington state. Additional information on Artizen-branded products is available online at www.artizencannabis.com. Pervasip additionally owns 5% of KRTL Biotech, Inc., a developer of biotechnologies with a focus on pharmaceutical applications of cannabinol and psilocybin. Additional information on KRTL is available online at www.krtlbiotech.com. Additional information on Pervasip can be found at www.pervasip.net.
https://www.benzinga.com/pressreleases/22/07/g28151445/pervasip-announces-2-billion-authorized-share-reduction-and-no-reverse-splits-for-5-years
$PVSP ZAM is a diversified asset management company, founded to acquire, develop, and support companies and technologies in the cannabis industry. ZAM provides services to several customers in Washington State, including four licensed cultivation facilities and one licensed processing facility, under a series of consulting, leasing, intellectual property licensing and other long-term agreements. ZAM is also responsible for development and licensing of one of the most successful cannabis brands, Artizen™.
The first independent cultivator’s flagship facility was custom designed and built in Lacey, Washington in 2014. Artizen branded products were licensed to and sold from this facility as early as 2015. The strain collection launched during that time immediately caught the attention of connoisseurs and experienced shop owners and budtenders — folks who know premium cannabis.
$TINO ~ Trader's Cheet Sheet >> https://www.barchart.com/stocks/quotes/TINO/cheat-sheet
$TINO management is aggressively working on logistical and operational aspects regarding exploration activities this week #GOLD #OTC #OTCMarkets #stockstowatch #revitalization #reorganization #OTC
$PVSP The ZAM management team has continued to aggressively restructure various aspects of the business, from real estate to cultivation operations. The objective is to further reduce costs and gain efficiencies across all businesses. The last 60 days have seen several such changes which are adding upwards of $500,000 in annual direct positive contribution to its bottom line.
https://seekingalpha.com/pr/18892708-restructuring-leading-to-500000-in-annual-cost-savings-plus-new-customer-contracts
$TINO We will soon be unveiling new strategies to explore for Metals Important for Future Technologies MIFTs
$TINO Management https://taminominerals.ca/management-team/
$PVSP With over 200,000 square feet of grow facility space under management, supporting a 30-person distribution center, and licensing the Artizen™ brand to cultivators in Washington State, ZAM is poised to expand its reach across the West coast and into Arizona and other recreational states.
$TINO management is aggressively working on logistical and operational aspects regarding exploration activities this week #GOLD #OTC #OTCMarkets #stockstowatch #revitalization #reorganization #OTC
$PVSP The Company’s board of directors has authorized a reduction of the number of authorized shares by 2 billion and will file the necessary certificates of amendment. “This is a significant step for us. We are continually looking for ways to combat any manipulation of our stock and increase value for our shareholders. We believe this reduction leaves enough shares in reserve for us to undertake any needed capital raising efforts, while also minimizing dilution among our shareholders,” said German Burtscher, Chief Executive Officer.
https://www.nasdaq.com/press-release/pervasip-announces-2-billion-authorized-share-reduction-and-no-reverse-splits-for-5
$PVSP Pervasip owns 100% of Artizen Corporation (“Artizen Corp”). Artizen Corp’s wholly owned subsidiary, Zen Asset Management LLC (“ZAM”) is a foundational operator that provides the basis for our cannabis related investments. ZAM, a diversified asset management company was founded to acquire, develop, and support companies and technologies in the cannabis industry.
$PVSP With over 200,000 square feet of grow facility space under management, supporting a 30-person distribution center, and licensing the Artizen™ brand to cultivators in Washington State, ZAM is poised to expand its reach across the West coast and into Arizona and other recreational states.
$PVSP The Company’s board of directors has authorized a reduction of the number of authorized shares by 2 billion and will file the necessary certificates of amendment. “This is a significant step for us. We are continually looking for ways to combat any manipulation of our stock and increase value for our shareholders. We believe this reduction leaves enough shares in reserve for us to undertake any needed capital raising efforts, while also minimizing dilution among our shareholders,” said German Burtscher, Chief Executive Officer.
https://www.nasdaq.com/press-release/pervasip-announces-2-billion-authorized-share-reduction-and-no-reverse-splits-for-5
$TINO Executive Industries, a division of Here To Serve Holding Corp. (OTC:HTSC) is at it hard and feels confident that the task of doing the accounting for Tamino Minerals Inc. to qualify $TINO for "OTCQB" Fully Reporting Status
$PVSP Seattle, WA, July 21, 2022 (GLOBE NEWSWIRE) -- Pervasip Corp. (OTCPK: PVSP) (“Pervasip” or the “Company”), a developer of companies and technologies in high value emerging markets, today announced the decision to reduce the Company’s authorized shares and provide new guidance on reverse splits.
https://seekingalpha.com/pr/18874549-pervasip-announces-2-billion-authorized-share-reduction-and-no-reverse-splits-for-5-years
$PVSP utilize project management to translate, plan, and execute strategies to help achieve successful submissions, adhere to agency compliance, and remediate identified issues
$TINO is keen on Drilling #transparency #exploration #drilling #reorganization #revitalization #gold #goldmining #mining #otcmarkets
$PVSP Pervasip Announces Strategic Partnership With Freedom Cannabis
https://finance.yahoo.com/news/pervasip
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