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$AVRW Filing and Press Release OUT Today! https://www.otcmarkets.com/filing/html?id=17551691&guid=7iQ-kF3pD-GaJth
$AVRW NEWS: Avenir Wellness Solutions Reports Fourth Quarter 2023 Results
Press Release | 05/17/2024
New Initiatives Showing Encouraging Results https://finance.yahoo.com/news/avenir-wellness-solutions-reports-fourth-171500651.html
$AVRW NEWS: Avenir Wellness Solutions Reports Fourth Quarter 2023 Results
Press Release | 05/17/2024
New Initiatives Showing Encouraging Results
SHERMAN OAKS, CA / ACCESSWIRE / May 17, 2024 / Avenir Wellness Solutions, Inc. (OTCQB:AVRW) ("Avenir" or the "Company"), a proprietary broad platform technology and wellness company, today announced results for the fourth fiscal quarter ended December 30, 2023.
Key financial highlights for the fourth quarter included the following:
Net revenue in the fourth quarter of 2023 increased to $1.1 million from the same period in 2022 by $0.2 million, or 11.7%, and also increased sequentially from Q3 2023 by $43 thousand, or 4.4%. Overall growth was lower than expected due to the continued delay in receiving the expected remainder of the asset sale proceeds to be used for advertising and marketing to drive sales. The quarter did, however, benefit from a new relationship with leading online and beauty subscription box retailer, FabFitFun.
Gross margin increased 407 basis points year over year in the fourth quarter of 2023 due to improved working capital management offset in part by a higher proportion of sales coming from our wholesale channel of distribution with its lower margins than our higher-margin direct-to-consumer sales channel.
Gross margin for the third quarter of 2023 decreased sequentially from the second quarter of 2023 by 26 basis points due to a shift in sales channel mix with a higher proportion of wholesale sales to Amazon and FabFitFun which resulted in shipments of approximately $0.3 million.
Cost containment initiatives led to a favorable impact on SG&A expenses (excluding non-cash charges) for the fourth quarter with a decrease of $357 thousand in 2023 compared to 2022 driven by decreased spend on advertising and promotion of $325 thousand lower overhead by $32 thousand.
Net operating loss from continuing operations (excluding non-cash charges) improved by $0.9 million in 2023.
"Our products continue to maintain sales levels which is encouraging given that we have been unable to fully execute on our marketing initiatives pending receipt of the balance of the proceeds from the July 2022 asset sale. As mentioned in our third quarter earnings announcement, the proceeds from the July 2022 asset sale allow us to invest in the future of the Company, but the delay in receiving the balance of the proceeds continued to have an impact on our operating performance. We expect accelerating sales will reaffirm the improving overall trajectory of the business. Further, our margin expansion initiatives continue to deliver results with improvement from third quarter, and we continue our overall cost containment initiatives to further reduce SG&A expenses and to maximize operating leverage.
Fine tuning our Search Engine Optimization (SEO), bringing our media buying in house and achieving successful monthly campaigns like theSkimm continue to deliver for us as we execute on our strategy to build our brands," said Nancy Duitch, Avenir CEO.
Operational Highlights
Other operational highlights during the fourth quarter of 2023 included:
Our newly formulated Seratopical Revolution Cracked Heel Souffle was selected for inclusion in FatFitFun's Summer 2024 subscription box selling out an astonishing 80,000 units in under 43 minutes. Click link to view Instagram videos on our Cracked Heel Souffle.
Our DNA Complex hero product continues to perform as our subscription based grows.
Wholesale sales led by Amazon continue to grow with all the positive product reviews.
We began development of our new TikTok shop to capitalize on the evolving digital ecommerce landscape which launched in the second quarter of 2024.
For further details, please visit our website to review our most recent Form 10-K filed on May 17, 2024 at: http://www.avenirwellness.com/sec-filings/
About Avenir Wellness Solutions, Inc.
Avenir Wellness Solutions, Inc. (OTCQB:AVRW) is a broad platform technology company that develops proprietary wellness, nutraceutical, and topical delivery systems which are integrated into our wellness and beauty products and sold directly to the consumer. The technology, which is based on (15) fifteen current patents, offers a number of unique immediate- and controlled-release delivery vehicles designed to improve product efficacy, safety, and consumer experience for a wide range of active ingredients. The Company will continue down the path of creating new technologies that is part of its incubator strategy in order to monetize its intellectual property as well as expand our product lines utilizing the technology. As a vertically integrated platform company, Avenir looks to partner or license its IP technology with wellness companies worldwide. For more information visit: www.avenirwellness.com.
About The Sera Labs, Inc.
Sera Labs, a wholly owned subsidiary of Avenir, is a trusted leader in the health, wellness, and beauty sectors of innovative products with cutting-edge technology. Sera Labs creates high-quality products that use science-backed, proprietary formulations. More than 25 products are sold under the brand names Seratopical™, Seratopical Revolution™, SeraLabs™, and Nutri-Strips™. Sera Labs sells its products at affordable prices, making them easily accessible on a global scale. Strategically positioned in the growth market categories of beauty, health and wellness, Sera Labs products are sold direct-to-consumer (DTC) via online website orders, including a subscribe and save option, and also sold online and in-store at major national drug, grocery chains, convenience stores, and mass retailers and on Amazon.com. For more information visit: www.seralabshealth.com and follow Sera Labs on Facebook, Instagram and TikTok at @seratopical as well as on X (Twitter) at @sera_labs.
Forward Looking Statement
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which statements are subject to considerable risks and uncertainties. Forward-looking statements include all statements other than statements of historical fact contained in this press release, including statements regarding the future growth and success of our organization. We have attempted to identify forward-looking statements by using words such as "anticipate," "believe," "could," "estimate," "expected," "intend," "may," "plan," "predict," "project," "should," "will," or "would," and similar expressions or the negative of these expressions.
Forward-looking statements represent our management's current expectations and predictions about trends affecting our business and industry and are based on information available as of the time such statements are made. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy or completeness. Forward-looking statements involve numerous known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by the forward-looking statements. Some of the risks and uncertainties that may cause our actual results to materially differ from those expressed or implied by these forward-looking statements are described in the section entitled "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as well as in our Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable law, we expressly disclaim any intent or obligation to update any forward-looking statements, or to update the reasons actual results could differ materially from those expressed or implied by these forward-looking statements, whether to conform such statements to actual results or changes in our expectations, or as a result of the availability of new information.
CONTACTS:
Investor Relations
Hanover International Inc.
T: (760) 564-7400
E: investor@avenirwellness.com
SOURCE: Avenir Wellness Solutions, Inc. (f/k/a Cure Pharmaceutical Holding Corp.)
View the original press release on accesswire.com
$AVRW .0439 +13.29% #NEWS OUT!! #OTCQB
$GNPX #Bullish #Nasdaq $2.50 +3.31% Clinical Study of Reqorsa® Immunogene Therapy in Combination with Tecentriq® to Treat Small Cell Lung Cancer | NASDAQ https://www.nasdaq.com/press-release/genprex-doses-first-patient-in-acclaim-3-clinical-study-of-reqorsar-immunogene
$GNPX #Bullish #Nasdaq $2.50 +3.31% Clinical Study of Reqorsa® Immunogene Therapy in Combination with Tecentriq® to Treat Small Cell Lung Cancer | NASDAQ https://www.nasdaq.com/press-release/genprex-doses-first-patient-in-acclaim-3-clinical-study-of-reqorsar-immunogene
$CBDW CEO Greg Lambrecht continues to advance @CBDWInc in the #AI landscape. For more information, visit https://redchip.com/stocks/cbdw #1606Corp #PlanetMicroCap #AIChatbots #Innovation #TechnologyNetworking #BusinessGrowth #chatCBDW #cannabis #CBD
$CBDW CEO Greg Lambrecht continues to advance @CBDWInc in the #AI landscape. For more information, visit https://redchip.com/stocks/cbdw #1606Corp #PlanetMicroCap #AIChatbots #Innovation #TechnologyNetworking #BusinessGrowth #chatCBDW #cannabis #CBD
$GRLF New website coming soon: https://greenleafinnovation.com #OTC #tobacco #handmade #cigars #otcmarket
$GRLF Green Leaf Innovations, Inc., a Florida corporation, is an emerging growth company engaged in the Marketing and Distribution of handmade premium cigars Manufactured out of Nicaragua.
— 🔥🔥🌐UltimateTraderX🌐🔥🔥 (@JediJazz22) May 17, 2024
New website coming soon: https://t.co/tal1l7EYg5 #OTC #tobacco #handmade #cigars #otcmarket pic.twitter.com/soS9gxtkcs
$GRLF New website coming soon: https://greenleafinnovation.com #OTC #tobacco #handmade #cigars #otcmarket
$GRLF Green Leaf Innovations, Inc., a Florida corporation, is an emerging growth company engaged in the Marketing and Distribution of handmade premium cigars Manufactured out of Nicaragua.
— 🔥🔥🌐UltimateTraderX🌐🔥🔥 (@JediJazz22) May 17, 2024
New website coming soon: https://t.co/tal1l7EYg5 #OTC #tobacco #handmade #cigars #otcmarket pic.twitter.com/soS9gxtkcs
$GRLF Green Leaf Innovations, Inc., a Florida corporation, is an emerging growth company engaged in the Marketing and Distribution of handmade premium cigars Manufactured out of Nicaragua.
New website coming soon: https://greenleafinnovation.com #OTC #tobacco #handmade #cigars #otcmarket
$GRLF Green Leaf Innovations, Inc., a Florida corporation, is an emerging growth company engaged in the Marketing and Distribution of handmade premium cigars Manufactured out of Nicaragua.
— 🔥🔥🌐UltimateTraderX🌐🔥🔥 (@JediJazz22) May 17, 2024
New website coming soon: https://t.co/tal1l7EYg5 #OTC #tobacco #handmade #cigars #otcmarket pic.twitter.com/soS9gxtkcs
$CBDW setting up for a breakout here.
$CBDW setting up for a breakout here.
$QIND NEWS: QIND Summarizes First Quarter of 2024 Results and Provides Progress Update
Friday, 17 May 2024
Quality Industrial Corp.
Company Update
SAN FRANCISCO, CA / ACCESSWIRE / May 17, 2024 / Quality Industrial Corp. (OTC PINK:QIND) is a Manufacturer and Service Provider for the Industrial, Oil & Gas and Utility sectors. On May 15, 2024, the company filed its first quarter report which displayed strong financial performance.
First Quarter 2024 Financial Highlights:
QIND generated $3,086,519 in revenue for the three months ending on March 31, 2024. The increase in revenue is attributed to our acquisition and consolidation of Al Shola Gas during the reporting period. Al Shola Gas experienced a 28% increase in revenue compared to the first quarter of 2023.
The operating business revenue increased due to its enhanced focus on Bulk LPG supply, which led to higher margins. As a result, the gross profit percentage for the three months ended March 31, 2024, was 37%, compared to 32% for the period ended March 31, 2024.
QIND generated a net income of $758,440 for the three months ended March 31, 2024, compared to a net loss of $84,536 for the same period in 2023. The increase in net profit is mainly due to the net income generated by QIND's operating business, Al Shola Gas.
Recent Company Highlights:
In the second quarter of 2024, QIND is focusing on expanding its operating company, Al Shola Gas, while also working towards being listed on a senior exchange. After extensive negotiations and initial due diligence, QIND's senior management recently met with executives from a company listed on a senior exchange in Dubai. Significant progress was made towards finalizing a transaction, and the parties are currently working on a binding agreement, with an external deadline driving the process.
The company is making preparations to invest in two additional bobtail trucks for Al Shola Gas with the aim of expanding its bulk LPG supply. This strategic investment is intended to enable Al Shola Gas to surpass its current revenue and net income projections, driven by the heightened demand for bulk LPG supply from its contracted clientele.
This Press Release does not constitute an offer of any securities for sale.
FORWARD-LOOKING STATEMENTS
This press release contains statements of a forward-looking nature about the Company. You can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "future" or other similar expressions. The Company has based these forward-looking statements primarily on the Company's current expectations and projections about future events and financial trends that the Company believes may affect Company's financial condition, results of operations, business strategy, and financial needs. There is no assurance that the Company's current expectations and projections are accurate. All forward-looking statements in this press release are based on the Company's information on the date hereof. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results to differ materially from those implied by the forward-looking statements. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time. The Company does not undertake any obligation to update or revise the forward-looking statements except as required under applicable law. This press release does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities of the Company. The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions.
CONTACT
Quality Industrial Corp.
315 Montgomery Street, San Francisco
CA 94104, USA
Phone: +1-800-706-0806
Email: info@qualityindustrialcorp.com
Investor site: https://qualityindustrialcorp.com
Twitter: @QualityIndCorp @ILUS_INTL
SOURCE: Quality Industrial Corp.
For more information please visit Insultex™ House Wrap website: http://www.insultexhousewrap.com
and Follow $IVDN on Twitter (X): https://twitter.com/riccelli_joseph
$ILUS Ilustrato Pictures International Inc. 1.75K followers $0.0083 0.0001 (+1.22%)
$EPAZ Waiting on More Updates , Seen that 100M Volume a couple times.
$ATVK Waiting on Progress Updates, Seeing some buying action.
$SAML Waiting on the progress update from Management
$QIND - Waiting on the update for uplist to nasdaq.
$NRXP $.367 +4.26% HOD $3.71 continues the drive to address the most critical mental health issues. #Nasdaq
#FactoidFriday #mentalhealth #mentalhealthawareness #mentalillness #mentalhealthawarenessmonth #mentalhealthmatters #bipolar #NRX101 #NRX100 $NRXP
— NRx Pharmaceuticals (@NRxPharma) May 17, 2024
Learn More - https://t.co/MyJ7l4ACOc pic.twitter.com/T6LiGyer28
$NRXP $.367 +4.26% HOD $3.71 continues the drive to address the most critical mental health issues. #Nasdaq
#FactoidFriday #mentalhealth #mentalhealthawareness #mentalillness #mentalhealthawarenessmonth #mentalhealthmatters #bipolar #NRX101 #NRX100 $NRXP
— NRx Pharmaceuticals (@NRxPharma) May 17, 2024
Learn More - https://t.co/MyJ7l4ACOc pic.twitter.com/T6LiGyer28
$CBDW revolutionizing the IR industry with their new IR #chatbot #youtubeshorts @YouTube #IRChat @CBDWInc CEO Greg Lambrecht https://www.youtube.com/shorts/3432bI_tYOI
$CBDW revolutionizing the IR industry with their new IR #chatbot #youtubeshorts @YouTube #IRChat @CBDWInc CEO Greg Lambrecht https://www.youtube.com/shorts/3432bI_tYOI
$CCTG NEWS #Nasdaq -CCSC Technology International Holdings Limited (the “Company” or “CCSC”) (Nasdaq: CCTG), a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses, today announced that the Company plans to commence construction of a new Europe supply chain management center (the “Center”) located in Municipality of Merosina, Republic of Serbia (“Serbia”), in August 2024. The 50,000-square-meter facility will be CCSC’s first supply chain center project and is scheduled for completion in 2025. Once completed, it will serve as the headquarters of the Company's supply chain operations in Europe. https://ccsctechnology.gcs-web.com/news-releases/news-release-details/ccsc-technology-international-holdings-limited-announces-plan
$CCTG NEWS #Nasdaq -CCSC Technology International Holdings Limited (the “Company” or “CCSC”) (Nasdaq: CCTG), a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses, today announced that the Company plans to commence construction of a new Europe supply chain management center (the “Center”) located in Municipality of Merosina, Republic of Serbia (“Serbia”), in August 2024. The 50,000-square-meter facility will be CCSC’s first supply chain center project and is scheduled for completion in 2025. Once completed, it will serve as the headquarters of the Company's supply chain operations in Europe. https://ccsctechnology.gcs-web.com/news-releases/news-release-details/ccsc-technology-international-holdings-limited-announces-plan
$ASTI #SolarEnergy Trends To Watch For In 2024: "Moreover, the rise of thin film solar tech will also make solar panels more affordable."
Thin-film solar panels by Ascent solar are in demand.
https://t.co/HOEU7rUzsg $FSLR $SPWR
$ASTI #SolarEnergy Trends To Watch For In 2024: "Moreover, the rise of thin film solar tech will also make solar panels more affordable."
Thin-film solar panels by Ascent solar are in demand.
https://t.co/HOEU7rUzsg $FSLR $SPWR
$ASTI .146 HOD .18
@AscentSolar
Collaborates with University of Stuttgart IGTE for the Development and Distribution of Sustainable Power Generation Technology https://finance.yahoo.com/news/ascent-solar-collaborates-university-stuttgart-123000064.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via
@YahooFinance
$ASTI .146 HOD .18
@AscentSolar
Collaborates with University of Stuttgart IGTE for the Development and Distribution of Sustainable Power Generation Technology https://finance.yahoo.com/news/ascent-solar-collaborates-university-stuttgart-123000064.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via
@YahooFinance
$GNPX Price Target $10 Maintained
The average one-year price target for
@Genprex, Inc. is $168.30. The forecasts range from a low of $10 to a high of $336. A stock’s price target is the price at which analysts consider it valued with respect to its projected earnings and historical earnings.
$GNPX Price Target
— 🔥🔥🌐UltimateTraderX🌐🔥🔥 (@JediJazz22) May 17, 2024
The average one-year price target for @Genprex, Inc. is $168.3. The forecasts range from a low of $10.1 to a high of $336. A stock’s price target is the price at which analysts consider it valued with respect to its projected earnings and historical earnings. pic.twitter.com/3Yljr1tKbr
$GNPX Price Target $10 Maintained
The average one-year price target for
@Genprex, Inc. is $168.30. The forecasts range from a low of $10 to a high of $336. A stock’s price target is the price at which analysts consider it valued with respect to its projected earnings and historical earnings.
$GNPX Price Target
— 🔥🔥🌐UltimateTraderX🌐🔥🔥 (@JediJazz22) May 17, 2024
The average one-year price target for @Genprex, Inc. is $168.3. The forecasts range from a low of $10.1 to a high of $336. A stock’s price target is the price at which analysts consider it valued with respect to its projected earnings and historical earnings. pic.twitter.com/3Yljr1tKbr
$GRLF Green Leaf Innovations, Inc. to Benefit from President Biden's Historic announcement
GRLF - Green Leaf Innovations, Inc. | Company Profile | OTC Markets https://otcmarkets.com/stock/GRLF/profile
$GRLF Green Leaf Innovations, Inc. to Benefit from President Biden's Historic announcement
GRLF - Green Leaf Innovations, Inc. | Company Profile | OTC Markets https://otcmarkets.com/stock/GRLF/profile
$TREIF (OTC-BB: $TREIF) (CNSX: TRUE.CN) Multi-Billion Dollar Opportunities with Active tech companies in the markets this week include @TreatmentAI https://stkt.co/VCqE08Rk
$TREIF (OTC-BB: $TREIF) (CNSX: TRUE.CN) Artificial Intelligence Enabled Technologies Transforming Healthcare Industry Creating Multi-Billion Dollar Opportunities https://stkt.co/VCqE08Rk
@Barchart Active tech companies in the markets this week include @TreatmentAI
Expecting to see some accumulation into the merger. $CATV
Follow $GRLF on Twitter @otcgrlf for more updates.
Additional information can be found on our websites http://www.greenleafinnovation.com $GRLF
$GRLF About Green Leaf Innovations, Inc.
Green Leaf Innovations, Inc., a Florida corporation, is an emerging growth company engaged in the Marketing and Distribution of handmade premium cigars. The company strategically imports and exclusively distributes some of the best known premium cigar brands in the Market created by the Mederos family a Third generation Cigar maker with Robert Mederos at the helm who has owned and operated handmade cigar operation in Nicaragua and the US for over 20 years with a rich family history in the craft dating back to the 1800s Cuba, brands such as CUBANACAN, MEDEROS and TABACALERA SERRANO. In addition to it the company also distributes packaged whole leaf Tobacco to cigar lounges, smoke shops, C-stores and vape shops across the United States and soon International Markets.