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$HCANF In Oregon, Halo has a combined 14 acres of owned and contracted outdoor and greenhouse cultivation. The Company also operates Food Concepts LLC, a master tenant of a 55,000 square foot indoor cannabis cultivation, processing, and wholesaling facility in Portland.
$HCANF Halo is a leading, vertically integrated cannabis company focused on the West Coast of the United States and operates other emerging businesses in CBD and non-psychotropic mushroom functional beverages. In its cannabis operations, the Company cultivates, extracts, manufactures, and distributes quality cannabis flower, oils, and concentrates and has sold hundreds of millions of grams of cannabis in the form of flower, pre-rolls, vape carts, edibles, and concentrates since inception. The Company sells a portfolio of branded cannabis products including its proprietary Hush™?, Winberry Farms™?, Williams Wonder Farms, and Budega™? brands, and under license agreements with Papa's Herb®?, DNA Genetics, Terphogz, and FlowerShop*.
$HCANF The store offers a vast product assortment exceeding 1000 SKUs, including many top-tier California brands including Jungle Boys, Cookies and Kiva and the debut of Budega's own line of branded products. The store will also stock Halo's Hush™? branded cartridges, gummies, and pre-rolls. The Company is also licensed for delivery, and this additional service is expected to increase top-line sales and help capture overall market share. The NoHo location's delivery service area will include Studio City, North Hollywood, Hollywood Burbank, and the Eastern San Fernando Valley.
$HCANF Beau McKeon, SVP of Retail stated, "The shop is already performing beyond our expectations. We expect more revenue build-up prior to our upcoming grand opening events which coincides perfectly with our delivery services expected to start in April."
$HCANF Budega North Hollywood is located at the northwest corner of Lankershim Boulevard and Hesby Avenue. Currently, hours of operation are Monday through Sunday from 7 a.m. to 10 p.m. Visit www.budega.com for more information.
$HCANF "We are thrilled to establish our Southern California retail presence with the opening of our Budega store in NoHo," said Katie Field, President and Director of Halo. "Budega is a community-centric dispensary committed to elevating the cannabis experience through Californian ideals: superior quality, locally-sourced products, and sunset vibes. I can't think of a better place to launch than in the middle of one of the most vibrant neighborhoods of L.A."
$HCANF Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQB: HCANF) (Germany: A9KN) today announced that the first Budega™? dispensary is now officially open in the Arts District of North Hollywood, California ("NoHo"). This is the first of three Budega stores planned to open in Los Angeles.
$PQEFF The tender offer (the "Offer") by 869889 Ontario Inc. (the "Offeror"), an indirect wholly-owned subsidiary ?of Viston United Swiss AG?, to purchase all of the issued and outstanding common shares of ?Petroteq, remains open for acceptance until 5:00 p.m. (Toronto time) on April 14, 2022, ?unless the Offer is further extended, accelerated or withdrawn by the Offeror in accordance with its ?terms.?
$PQEFF Vladimir Podlipsky, Petroteq's CEO and CTO has commented, "Our advances in engineering work exemplify our intentions to continue to operate the Company toward future expansion and revenue growth, regardless of the on-going offer from Viston United Swiss AG. Management will continue to handle business as usual and make utmost efforts to enhance shareholder value."
$PQEFF Other studies were conducted on optimizing an ore mixing and decanting system. Valkor advises that it is ready to implement a 5,000 BOD plant design. All necessary equipment has been verified as available on the market on lead times that result in an 18-month build. Petroteq's management is confident the updated plant design is of the highest technical quality and will exhibit superior operating performance.
$PQEFF Following the FEED, Valkor conducted various additional design studies to prepare the final engineering plans. A primary part of this was a design study with M-I SWACO, a Schlumberger company, for the backend processes for sand separation and drying. The system is a conventional sand dryer modified for service with petrochemical solvents in a closed loop. A combined unit has been proposed as a turnkey system to handle as much as 8,000 tons of sand per day with a target of EPA Tier 1 quality for the resulting sand. Design performance, budget and schedule have been determined. M-I SWACO did a full 3D model of the design, as shown in the photograph below.
$PQEFF Petroteq's management believes that an updated FEED design is unique to the patented Petroteq technology permitting a highly effective oil extraction process from oil-sands in an eco-friendly method and can be seen as a true green energy technology.
$PQEFF Valkor signed a Technology License Agreement with Petroteq on July 1, 2019, and has been operating at the plant in Vernal, Utah under a Service Master Agreement signed on November 1, 2018. Valkor is fully cognizant of the engineering and technical aspects needed for the process to have this update done to incorporate all additional data into the original FEED (front end engineering and design).
$PQEFF Petroteq Energy Inc. ("Petroteq" or the "Company") ??(TSXV:PQE)(OTC PINK:PQEFF)(FSE:PQCF), an oil company focused on the development and ?implementation of its proprietary oil-extraction and remediation technologies, announces that Valkor, LLC ("Valkor"), has updated and completed the design for the planned 5,000 BPD day extraction plant.
$PQEFF Petroteq's CTO and Interim CEO, Dr. Vladimir Podlipsky commented, "Broadlands evaluation report provides the potential economic benefit from the sale of sands is significant and provides an attractive enhancement to the value of the extraction process further enhances the forecast value of the Petroteq extraction technology. The Petroteq operation can produce "green" energy with high quality oil extraction, while also remediating the oily sand and turning it into a useable, marketable resource."
$PQEFF Independently, the Company has recently completed the evaluation of the clean sand tailings that are a byproduct of the oil extraction process. It was determined that 60-70% of the sand falls within a 40-140 mesh size range and has a crush strength exceeding 8,000 psi, giving the sand an 8K crush factor and confirming that the sand is suitable for use as a fracking sand. The 20% of tailings grading larger than 40 mesh can be used as an aggregate for concrete. The Company is now working to develop sales channels for the fracking sand and aggregate components of the tailings with a view towards maximizing the value of the clean sand tailings.
$PQEFF The cash flow analysis was run on a pre-income tax basis, at discount rates of 0.0, 7.5 and 15 percent; the results show potential economic benefit in the base case of a Net Present Value (NPV) of $1,285, $602, and $341 million, respectively. The base case cash flow used a selling price of $40 per ton for the unprocessed dry, clean by-product sand. Q4 Impact provided market sale price analysis to arrive at a reasonable selling price for the cash flow forecast. Broadlands notes the economic model and base case numbers may not be realized due to market factors.
Broadlands based their economic analysis on information orally conveyed to them and no testing of sands from the Indago Lease has been performed by Broadland or by the Company. Broadlands confirmed that they performed their analysis in general accordance with acceptable mineral industry standards, and that technical issues discussed in the Report are in accordance with the standards of Subpart 1300 of Regulation S-K ("SEC S-K 1300") promulgated by the Securities and Exchange Commission. In particular, Broadlands confirmed that they consider the sands at the Indago Lease to be Material of Economic Interest, as defined in SEC S-K 1300, and that Broadlands is required to expressly note that, as such, there is no assurance that the sands at the Indago Lease will be converted to saleable material.
Broadlands also indicated that they have relied on reports prepared for Petroteq by other parties, discussions with Petroteq and Valkor, LLC, reviews of publicly available information, and information gathered during a visit to the oil sands around Venal, Utah on December 21, 2021, which, due to illness of the party that Broadlands was to meet, was perfunctory and limited in scope. Broadlands also visited Petroteq's existing plant and examined stockpiles of raw material.
PQEFF The Company believes that the sands are suitable for use as (a) silica flour, (b) fracking sand, and (c) bulk construction sands and aggregates (including road base). Accordingly, Broadlands economic analysis focused on the markets available for the sale of the three categories of by-product sands. Broadlands noted that an extraction plant producing 5,000 bpd is estimated by Petroteq to be capable of yielding 6,000 tons of sand per day or 1,860,000 tons per year (based on 310 operating days per year and operating 24 hours per day), and that silica flour is postulated to be 15 percent of the saleable product, fracking quality sand 55 percent, and bulk sand 30 percent. The economic forecast is based on 20 years of sales from such a 5,000 bpd operation, following two years for construction and start-up of the extraction plant and sands processing facility and related infrastructure.
$PQEFF The Report is premised on the completion by Petroteq of an extraction plant capable of producing 5,000 barrels of high-grade oil per day (bpd) on what is referred to in the Report as the "Indago Lease," which consists of approximately 3,458 acres of oil sands leases that the Company recently acquired from Valkor, LLC in exchange for the Company's Temple Mountain Leases. The assignment of the Indago Lease from Valkor to the Company (acting through its subsidiary TMC Capital, LLC) remains subject to final approval by the State of Utah's School and Institutional Trust Land Administration.
$PQEFF Petroteq Energy Inc. ("Petroteq" or the "Company")? (TSXV:PQE) (?OTC PINK:PQEFF) (FSE:PQCF), an oil ?company focused on the development and implementation of its proprietary oil ?extraction and remediation technologies, is pleased to announce the completion of a third-party economic evaluation report dated February 10, 2022 (the "Report") in relation to sands anticipated to be produced as by-products of petroleum products from oil sands at the Asphalt Ridge NW Leases in Uintah County, Utah. The Report was prepared by Broadlands Minerals Advisory Services Ltd. ("Broadlands"), a U.S. based, independent mineral advisory company, with input from Q4 Impact Group, LLC ("Q4 Impact"), under engagement to Broadlands, on markets and prices for the sand products.
$PQEFF company's website www.petroteq.energy
$PQEFF Petroteq believes that its technology can produce a relatively sweet heavy crude oil from deposits of oil sands without requiring the use of water, and therefore without generating wastewater which would otherwise require the use of other treatment or disposal facilities which could be harmful to the environment. The Petroteq process is intended to be a more environmentally friendly extraction technology that leaves clean residual sand that can be sold or returned to the environment, without the use of tailings ponds or further remediation.
$PQEFF Petroteq's CTO and interim CEO, Dr. Vladimir Podlipsky, has commented, "The Peak Value IP report re-affirms to our shareholders the substantial value of the company's underlying assets and intellectual property rights. Our commercial opportunity is supported by volumes of data and should provide a commercial viability to financial parties to advance."
$PQEFF Peak Value IP's valuation study of Petroteq's CORT indicated a fair market value (FMV) ranging from $229 Million to $326 Million. The analysis of investment value (IV) ranging from $598 Million to $850 Million. The analysis has also considered a proposed production facility to be operated in Utah that will produce 5,000 barrels of oil per day. The valuation also encompasses the value of the separated sand as salable to third-parties, providing additional value to the IP beyond the market of oil. The deployment of the IP into multiple oil sand fields is a critical milestone in achieving Petroteq's goals for IP adoption.
$PQEFF The current assets consist of Petroteq's active patents, patent applications, and associated trade secrets and know how, related to the extraction of crude oil from oil sands. The Peak Value valuation conclusions in this report are based on accepted practices using fair market value (FMV) and investment value (IV) standards, while utilizing widely recognized and internationally accepted methods valuing business enterprise, such as Cash, Market and Income Approaches. Peak Value utilized data provided by Petroteq, along with public information and industry knowledge of intellectual property licensing. In addition, Peak Value reviewed the historical costs as well as expected future revenue as it relates to the assets. This effort involved a team of financial advisory experts who have a broad experience valuing asset of this nature.
$PQEFF Through application of the CORT, the Company (acting through its operating subsidiaries in Utah) is able to produce a relatively sweet heavy crude oil from the Asphalt Ridge oil sands deposits without generating wastewater that would potentially harm the environment, in addition, during the course of its crude extraction and production operations, leaves a clean residual sand that can be returned to the environment or marketed as an industrial sand.
$PQEFF Petroteq's Technology is considered a "clean technology" and is an environmentally safe and sustainable technology. While the Technology is applicable to both "water-wet" (Canada) and "hydrocarbon wet" (Utah) oils sands sediments, deposits and materials, the technology does not utilize water in its processing operations and thus there is no requirement to build and manage large tailings ponds and wastewater treatment and disposal systems and facilities. The proprietary solvents utilized in the operations of the technology are generally fully recovered and recycled, thus substantially mitigating environmental impact.
$PQEFF Outstanding Shares
713,777,652
02/08/2022
$PQEFF Market Cap 262,670,176
04/04/2022
0.03 or more would be more than perfect for me
should hit at least 0.02-0.03 over the next 2,3 months
will get the word out under a penny strong buy for me
SS, metaverse news, sub penny, all the ingredients here can't wait for another bounce and run
tons of eyes on it for sure down here
well this has been doing well with press releases, just need more daily volume
Roomful is a powerful and advanced 3D Multiverse, and one of the most robust forward-thinking platforms for metaverses, alternative digital realities including where people work, play, share content and socialize. Roomful Studio's ready-made 3D templates allow any business or user to create highly engaging interactive and memorable experiences for trade shows, virtual offices, Art Fairs, Science Fairs, Social Spaces, Interactive Classrooms, Virtual Museums. Roomful's metaverse technology allows anyone to deploy an immersive 3D environment for private social network of attendees. This includes business expos, celebrity events, pop-culture, private events, and much more.
GIANT.net's founder, Chase Gassert's, expression and statement of the current status of the mainstream trend of "Metaverse" is that not only is it underdeveloped, but also, 'The Metaverse' is a not a unique idea or original concept; it's a logical progression in the modern world, and not only is it in its early stages... it's more akin to something that should be referred to as a 'multiverse' by the average end-user. More than likely, there will be more than one 'Metaverse' built and maintained by multiple large tech companies that are adopted by the general public, and longterm it will be a a combination of VR and AR as the market grows. The more immersive, but also practical, and helpful to the average person it becomes, the more it will help redefine our daily lives."
That said, Chase says that the more "more convincing in experience, truly immersive, and more multi-dimensional solutions become, and as long as that meaning can be essentially substantiated in a blockchain, we're going to see an explosion of things being created, traded, collected in NFTs and in a new virtual world that is an abstraction of our current reality."
ADVENT™? MEGA Shopping mall is going to become a central meeting place and center for important social interactions between people of different backgrounds and age groups. Underlying technology powered by ROOMFUL.NET, allows for your shopping to be replaced by a virtual mall in the metaverse. Entertainment zones, meeting and interacting with your friends at a coffee shop in real time is the future. Conducting business in co-working spaces without leaving one's house is the future. A VR/ AR ADVENT™? MEGA mall is coming soon and will become a reality, thanks to ADVENT GALAXY, powered by ROOMFUL.net.
GIANT's team members have years of experience crafting world-class online presences, effective online marketing campaigns, and offers full digital agency services including everything from graphic design, full-stack web development and web design, to copywriting and social media mastery for one purpose: to help brands effectively and powerfully connect with their customers. With GIANT.net, when a great product exists and the mainstream consumer market needs to be made aware of it, anything is possible.
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