$CLNV - "Clean Vision Corp has launched a new website demonstrating our commitment to providing clean, sustainable energy solutions. Sign up for our email list to stay up to date on our latest projects and initiatives."
$MEIL Methes Secures Facility to Scale-Up Production to Satisfy Demand
CELEBRATION, FL / ACCESSWIRE / October 2, 2023 / Methes Energies International Ltd. ("Methes" - http://www.methes.com) / (OTC PINK:MEIL) is pleased to confirm their ability to expand the production of their assortment of b2 bio-lubricants and increase their fulfillment capabilities through Tampa, Florida based Total Logistics Company.
This strategically located facility brings much needed incremental warehousing space giving the company the required square footage to efficiently procure incoming raw materials and components, begin blending, packaging and producing finished goods inventory; and, to begin fulfilling current on-line direct to consumer and customer orders, responding to DoD/DLA quote requests; and, bidding on Government Orders via SAM.GOV as well as producing in bulk quantities for international purchase orders destined to be repackaged locally.
"We are very excited to secure this much-needed space and to be working directly with Total Logistics to assist us with our warehousing, production, inventory and fulfillment needs;" said Carol Loch, Chairman and CEO. "They are the perfect partner and the ‘space' is exactly what we need to begin scaling up to meet the demand of our "go-to-market" strategies that we are beginning to execute."
$YECO EV Biologics Updates on Funding and Sales
TAMPA, FL / ACCESSWIRE / October 2, 2023 / EV Biologics Corp, (OTC Pink:YECO), today announced that it has closed a $500,000 interest-free loan from a related party.
This funding will provide for further development of exosome - and other nanoparticle-enriched biological products, as well as optimization of their scalable, cGMP-compatible, biomanufacturing process. The funds will be also used for comprehensive product analysis by several leading independent laboratories.
The Company has already begun sales of some of its regenerative products through its agents in Asia for pre-clinical use and testing and expects to start sales in South America by November this year. The Company filed an application for a trademark under the product name: EcoCura with the U.S. Trademark Office on September 22, 2023.
As reported in the August 7, 2023 press release, the Company is moving with audits and the filing with FINRA for the name and symbol change. Furthermore, our Director of Corporate Finance, William Bossung is heading up our efforts to re-apply to up-list to Nasdaq.
CEO, Daniel Mckinney, said "Our audacious goal is to revolutionize modern medicine by harvesting the healing power naturally produced by living cells to develop versatile therapeutics and enable safe and effective treatment of a wide range of clinical conditions for better health & longevity.
To minimize capital requirements, Excyte is developing essential product and process technologies in parallel with its primary therapeutic development pathway through collaboration with best-in-class commercial partners. Intellectual property, patents, proprietary process and product development will be held by Excyte in support of EV Biologics.
$HBRM - "The company wants to assure the investors that positive Q3 Report and filings are being prepared and will be filed before October 15th deadline to make sure the Company remains in full compliance"
The company wants to assure the investors that positive Q3 Report and filings are being prepared and will be filed before October 15th deadline to make sure the Company remains in full compliance $HBRM— Herborium (OTC: HBRM) (@Herborium1) October 2, 2023
Weekly News Review: INBS, HNRC, PNNX, GEVI, SNNC
Article Link: https://thestreetreports.com/weekly-news-review-inbs-hnrc-pnnx-gevi-snnc/
As another trading week comes to a close, it could be a good time for investors to possibly take a closer look into those stocks that have been in the news at different points. That would provide them with a clearer picture of the stocks, which they may add to their watch lists.
Intelligent Bio Solutions Inc. (NASDAQ:INBS) is a medical technology company involved in providing fast, non-invasive, and intelligent testing solutions through its Intelligent Fingerprint Drug Screening system. On September 27, Intelligent Bio Solutions Inc. announced that the system had been awarded recertification for the more recent ISO 13485:2016 harmonized quality management system standard specifically meant for the medical device space.
The certification, which would go into effect on October 14, is a necessity for medical device manufacturers operating in the United States, Saudi Arabia, Canada, Japan, Malaysia, Singapore, and Europe.
Houston Natural Resources Corp. (OTC:HNRC) The company, which is now doing business as Cunningham Natural Resources Corporation, was in the news on September 21. At the time, Houston Natural Resources Corp. announced that it had successfully completed the sale of its subsidiary assets for an enterprise value of $18 million.
That helped the company realize $0.15 a share. In the news release, the company noted that the transaction helped it make significant advances and gains in its strategic objectives.
Pennexx Foods (OTC:PNNX) The company came into focus on Thursday after it provided a key update with regards to its Your Social Offers product. The Chief Executive Officer of Pennexx Foods, Vincent Risalvato, announced that it had licensed as many as 106 zip codes and went on to assert that it would mark a major step in its growth strategy.
He went on to note that the aim of the company was to change the way in which merchants managed their marketing, and the fruits of the approach had become apparent.
General Enterprise Ventures Inc. (OTC:GEVI) The company’s subsidiary, Mighty Fire Breaker, was in focus on September 27 after it emerged that the ‘Get Proactive Tour’ was going to land this week at the San Bernardino Mountain Range.
The location is important since it is regarded as being at high risk of wildfire. Mighty Fire Breaker, which is known for its fire-retardant product, revealed that it would begin its tour at the Big Bear Fire Department Headquarters and have live fire demonstrations.
Sibannac Inc. (OTC:SNNC), an Arizona-based company involved in the sales and manufacturing of wellness products in the CPG sector, is also making strong moves in the cannabis space. The company had already inked an agreement with Tyme Cannabis Co. and had planned an expansion in the cannabis market in the state of Ontario, Canada.
Sibannac boasts a diverse range of products, including help-based Delta 8/9 products, kratom, and Amanita mushroom edibles, which serve both the wholesale and retail markets. The products would be pivotal for its expansion in the Canadian market.
$SPTY Specificity Adds AI-Enabled Audience Building Tool by Partnering with AImplify
Expects to Launch New AI Tool in Q1 2024
TAMPA, FL / ACCESSWIRE / September 28, 2023 / Specificity Inc. (OTCQB:SPTY) (the "Company"), a full-service digital marketing firm that delivers cutting-edge marketing solutions, is pleased to announce its partnership with AImplify, a cutting-edge AI-powered solution, to offer an AI-enabled audience building tool for its clients.
AImplify is a cutting-edge AI-powered solution that revolutionizes the way companies find and communicate with potential leads. With their software, you can quickly and easily identify prospects that match your ideal customer profile and automatically create personalized emails tailored to each lead. For additional information on AImplify, please visit: www.aimplifysales.com
Jason Wood, Chief Executive Officer of Specificity, commented, "This partnership extends far beyond their current solution because their AI programming capabilities will allow us to infuse our technology and build upon that an AI-enabled audience building tool. This tool will leverage real-time AI to drive decisions for marketers in terms of when and where to place ad spend resulting in far better results and more importantly, far better ROI. AI will help us arrive at audience identification questions, segmentation questions and will expedite the testing of creative and messaging. There is a much smarter play here and AI can get us there now without cannibalizing consumer privacy and we're going to get it done. We look forward to launching our new AI tool in the first quarter of 2024."
It has long been felt that marketers should be able to better understand who actually cares about their brand and products (or is likely to) in order to better engage them and offer those people products and services they care about. The data is there but Big Tech has kept it under lock and key because better defined campaigns directly decrease the volume of impressions it takes to drive conversions, brand awareness and smarter marketing. The entire industry derives more revenue when more impressions are served regardless of how sloppy the audience buildout is and how much of the ad spend is wasted on the wrong audiences. Diluted targeting selects only benefit big tech, not the marketer and certainly not the consumer under a constant barrage of advertising that isn't at all relevant to them. This partnership will be the first of its kind step towards really solving the issue and delivering better results for everyone.
$CBDW 1606 announces launch of ChatCBD, a revolutionary AI chatbot to enhance customer experiences
1606 Corp CEO Greg Lambrecht joined Proactive's Steve Darling with news the company is launching ChatCBD, an AI chatbot designed to revolutionize the customer experience.
Lambrecht explained that ChatCBD, a conversational e-commerce tool, is set to debut through a partnership with Cool Blue Distribution. This strategic collaboration will enable 1606 to integrate its proprietary AI merchandizing ChatBot into Cool Blue's website.
ChatCBD has been custom-tailored to provide comprehensive responses to customer inquiries related to CBD and offer product recommendations from the range of retail brands available through Cool Blue Distribution, a leading CBD distributor in the United States.
The chatbot's standout feature lies in its utilization of Natural Language Processing (NLP) technology, which equips it with the capability to comprehend and respond to customer queries with a high degree of precision and understanding, akin to human interactions.
Furthermore, ChatCBD operates 24/7, ensuring that customers receive assistance and solutions to their questions promptly, even beyond regular business hours.
This innovative approach not only enhances the customer experience but also showcases 1606 Corp's commitment to leveraging cutting-edge technology to provide valuable solutions in the growing CBD market.
By offering an AI-driven chatbot for CBD-related inquiries and product recommendations, 1606 Corp aims to create a seamless and informative shopping experience for consumers exploring the world of CBD products.
$PNNX Pennexx's Your Social Offers Has Licensed 106 Zip Codes Including 3 Million People, and Kickstarts Its Key Growth Strategy
PHILADELPHIA, PA / ACCESSWIRE / September 28, 2023 / Pennexx Foods (OTC PINK:PNNX) A pivotal component of Pennexx's Your Social Offers strategy involves forging strategic alliances with sales organizations and marketing firms. This collaborative approach leverages our advanced dashboard technology to amplify merchant signups, all without the need for an exclusively internal sales force.
By joining forces with seasoned sales organizations, Pennexx gains access to accelerated growth, taps into the expertise of external sales teams, and harnesses existing relationships to promote our products, eliminating the need to cultivate these channels from the ground up.
This diversification of sales is designed to increase the return to our valued shareholders to create a robust yield on their investments.
"I am thrilled to announce this significant milestone for Pennexx's Your Social Offers. Licensing 106 zip codes marks a pivotal step in our growth strategy, and it speaks volumes about the value our platform brings to marketers. Our aim to revolutionize the way merchants manage their marketing is coming into view, thereby creating substantial value for our shareholders. This is just the beginning of an exciting journey, and I'm confident that our strategic alliances will continue to drive success and innovation." - Vincent Risalvato, CEO of Pennexx's Your Social Offers
Using consumer data YSO is able to create a profile of consumers within each zip code. This data includes statistics such as the Average Gross Income of individuals, and the demographics of the various households.
Armed with this invaluable information, a Your Social Offers licensee can provide their merchants with highly targeted and exceptionally effective marketing strategies.
Your Social Offers not only assists licensees in pinpointing potential merchants through merchant data but also aids them in helping direct their merchant's efforts towards consumers.
This synergy results in a comprehensive, turnkey marketing strategy that encompasses both business-to-business and business-to-consumer dimensions.
Every licensee gains direct access to deploy the Your Social Offers system, either directly or through a white-labeling approach, to reach merchants within their licensed zip codes.
This strategy bears a resemblance to a franchise model, where the company grants a license for the use of our product within a specific zip code, equipping the licensee with the necessary tools to succeed as well as a highly lucrative reoccurring revenue split.
Other key Territories are under negotiation, and the company is targeting to have key zip codes licensed by year-end.
$AURI AURI signs The Champ, and Launches New Products Line
DALLAS, TX / ACCESSWIRE / September 27, 2023 / Auri Inc. (OTC PINK:AURI) ("AURI") (the "Company") is proud to announce today the signing of Heavyweight World Champion, Riddick Bowe.
Auri Inc. is launching "The Champ" line of consumable products featuring CBD and THC Delta 9 infused Gummies, Energy Drinks, Vitamin Water and a host of other Nutraceutical products. These products are designed to enhance the wellness and health of the consumer, while providing enjoyment and a feeling of well-being.
Riddick Lamont Bowe (born August 10, 1967) is an American former professional boxer who competed between 1989 and 2008. He held the undisputed world heavyweight championship in 1992, and won the super heavyweight silver medal at the 1988 Summer Olympics. After turning professional in 1989, Bowe went on to become a two-time world heavyweight champion. In 1992 he became the undisputed heavyweight champion by winning the World Boxing Association (WBA), World Boxing Council (WBC) and International Boxing Federation (IBF) titles by defeating then-unbeaten former undisputed cruiserweight champion Evander Holyfield. That same year, Bowe was named Fighter of the Year by The Ring magazine and the Boxing Writers' Association of America. (According to Wikipedia)
Auri Inc., (AURI) will use a line of vertically integrated companies to provide inventories and services for its line of products. SUTI Inc., (SUTI) will supply the main ingredients such as CBD oil and Delta 9, while our own distribution group RJR, will use its distribution chain to sell and fulfill the "Champ Line".
RECENTLY, THE COMPANY ANNOUNCED SEVERAL UPDATES:
Auri Inc. has positioned this change to occur right in time for our impending manufacturing facility acquisition we have been working on for several months.
The company will be keeping the current CEO Edward Vakser to Chairman and secretary. As the company expands, we will be bringing on more talented board members to help bring AURI to its goal of uplifting NASDAQ.
The new incoming CEO Jim Amendola goes on to say: "I am excited to be part of this big change for Auri Inc. I am ready to help Auri Inc. go to the next level. With all the manufacturing and Oil experience I bring to the table, I am excited to maximize company value for all prospective and current shareholders."
"I am ready to strategically set AURI and other companies to the next level. Bringing over 20 plus years of logistics and manufacturing. While implementing several methodologies that will positively be affecting the organizational profitability"
Recently, the company posted updates:
The management is excited to report that several milestones of the business development has been achieved. Several years ago, the company set up a very optimistic, and aggressive set of goals. The plan was to have Auri Inc., as the "tip of the spear" Holding company, that would own all other assets and companies that the company would add and roll-up in order to create a great company and a perfect candidate for NASDAQ. The gamble definitely paid off, since now FINRA assigned OTC Markets as the new and exclusive trading platform for all cryptocurrencies. Auri Inc. now continues to assemble a strong portfolio of public and private companies, as well as all of their corresponding cryptocurrencies and NFT assets.
The management recently completed several acquisitions and signed several more to be acquired in the following several weeks. Recently, Auri Inc. acquired SutimCo International Inc., and has BDGR and its parent company PRPM under contract. Next, the company will progress with adding value-based companies and vendors. This quarter, Auri Inc., also plans to add vertically integrated complete companies by also signing PBHG and UITA.
The company recently posted a ruling given to OTC markets by FINRA regarding trading rights to OTC Markets for digital currencies.
The company will have an ex-dividend date of October 02, 2023.
$STSN StemSation International Announces Acquisition Plans
StemSation International is providing updates on corporate planning and direction for potential new acquisitions in the green energy space
PLANTATION, FL / ACCESSWIRE / September 27, 2023 / StemSation International (OTC PINK:STSN), a South-Florida based company that has licensed technology for the production and distribution of flavored, canned oxygen products is announcing strategic acquisition planning for the upcoming months.
"We announced last month that we had streamlined our current business and would be seeking further licensing opportunities and asset acquisitions," stated Benjamin Silber, CEO of StemSation International. "Working closely with advisors, we are concentrating on business segments with proven growth. We have now focused on green energy companies as acquisition targets," he continued. "We have started negotiations to acquire a company that is already in the solar energy space. We will keep everyone informed as we move these projects forward. We are excited to move this business forward as we seek other licensing opportunities and asset acquisitions," he concluded.
According to the Solar Energy Industries Association (SEIA), there are now more than 155 gigawatts (GW) of solar capacity installed nationwide; enough to power 27 million homes. The market grew over 40% last year alone with expected growth increases over the next 20 years.
StemSation expects to have additional updates shortly as they fulfill on their current business plan.
$SNNC Sibannac, Inc. Signs Heads of Terms Agreement with Allstar Health-Tyme Cannabis to Enter the Canadian Cannabis Retail Market
Scottsdale, Arizona--(Newsfile Corp. - September 27, 2023) - Sibannac, Inc. (OTC Pink: SNNC), a Nevada corporation (the "Company"), announced the following:
Sibannac, Inc. and AllStar Health Brands Inc. (OTC Pink: ALST) ("AllStar") have signed a heads-of-terms agreement to pursue the acquisition of retail cannabis franchise units throughout Ontario, Canada.
AllStar and Tyme Cannabis Co. have already entered into a Joint Venture Strategic Partnership to expand its retail presence in the Cannabis sector by adding 70+ new locations throughout the region. This expansion is subject to regulatory approval and will be carried out under Tyme's AGCO (Alcohol and Gaming Commission of Ontario) license.
Tyme Cannabis Co. has an existing operation based in Hamilton, Ontario, which is licensed by AGCO, and it serves as a foundation for the planned expansion. The agreement between Sibannac and the AllStar-Tyme group is for the initial acquisition of up to five locations in the first year.
In addition to Sibannac's expertise in the cannabis space, through its newly acquired Immersive Brands subsidiary, the Company intends to expand its retail offerings in kratom products to Canada, which does not require any licensing. Sibannac's Scottsdale, Arizona retail location is currently in the build-out phase, slated to open shortly, by December 2023.
It is contemplated that the AllStar-Tyme group will be responsible for operations and will oversee store build-outs for new franchisees as they come to the market with a "turn-key" retail location. This will also provide a built-in retail marketplace for Sibannac's products in Canada at no additional cost.
Further disclosures will be made as the deal advances toward a definitive agreement after the diligence period.
$HNRC Houston Natural Resource Corp's CEO Frank Kristan is Featured on "The Street Reports Podcast"
HOUSTON, Sept. 27, 2023 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) CEO Frank Kristan was interviewed on "The Street Reports," discussing Energy Transition Acquisitions, Oil, Gas, Lithium, Copper, Gold, Silver, Dividends, EPS Increase, Uplisting, SPAC's and "New" Company Outlook Moving Forward:
Listen here: https://thestreetreports.com/houston-nat-res-otc-hnrc-ceo-frank-kristan-discusses-energy-transition-acquisitions-lithium-copper-gold-silver-oil-gas-etc-dividends-eps-increase-uplisting-spacs-and-n/
The Street Reports
The Street Reports discovering companies from "Wall Street 2 Bay Street" specializes in bringing relevant information on micro-cap, small-cap, and generally undervalued companies to the attention readers/listeners which may be potential investors.
Houston Nat Res (OTC: $HNRC ) CEO Frank Kristan Discusses Energy Transition Acquisitions, Lithium, Copper, Gold, Silver, Oil, Gas, Etc., Dividends, EPS Increase, Uplisting, SPAC’s and “New” Company Outlook Moving Forward in the Future on “The Street Reports Podcast”
$DGWR Shareholder Update: DEEP GREEN Seeing Growth Driven by $2M Nashville Asbestos Project and Strategic Expansion
NASHVILLE, Tenn., Sept. 26, 2023 (GLOBE NEWSWIRE) -- DEEP GREEN Waste & Recycling Inc. (OTC: DGWR) is pleased to provide shareholders with an update on the progress achieved by our Lyell Environmental Services subsidiary on a major asbestos abatement project, DEEP GREEN's strong financial performance over the past two quarters, and our outlook for continued growth.
"Thanks to Lyell's expertise and hard work, we are on target and under budget on a $2 million asbestos removal contract at Vanderbilt University Medical Center's downtown medical campus in Nashville," commented David Bradford, President of DEEP GREEN. "Additionally, DEEP GREEN continues to deliver profitable growth driven by our strategic expansion efforts."
Now over 35% completed, Lyell has efficiently executed the first phases of asbestos removal and disposal while adhering to strict safety protocols to protect hospital operations and personnel. The safe removal of asbestos requires extensive planning and meticulous execution using specialized equipment and techniques.
A standard asbestos abatement project will involve the following key phases and tasks:
Site Evaluation and Planning - Thoroughly survey the site to identify all asbestos-containing materials.
Site Preparation - Seal off the work area and set up decontamination facilities.
Asbestos Removal - Carefully mist asbestos materials with amended water or removal encapsulant.
Packaging and Waste Handling - Double bag all asbestos wastes in leak-tight containers.
Decontamination - Thoroughly clean work area and equipment including wiping, wet cleaning, HEPA vacuuming.
Air Monitoring and Clearance - Conduct extensive air testing and visual inspections.
Waste Transport and Disposal - Transport and dispose of all asbestos waste in compliance with regulations. Maintain chain-of-custody documentation.
Strict controls and oversight are required throughout the process to protect workers, the public, and the environment. Proper asbestos abatement is complex, requiring specialized workers and vetted contractors with extensive training and experience.
Lyell was selected from over 180 accredited remediation firms to undertake this critical six-month asbestos abatement project prior to demolition of a large medical complex building at Vanderbilt. Lyell was chosen due to their long track record and extensive experience in hazardous waste handling.
DEEP GREEN acquired Lyell Environmental Services in 2021 to augment its waste management capabilities. This project demonstrates how Lyell has quickly become an impactful part of DEEP GREEN's integrated services platform.
DEEP GREEN provides sustainable waste and recycling services to commercial clients, now augmented by full-service remediation capabilities in asbestos, lead, mold and more. The company will continue pursuing strategic opportunities to broaden its portfolio of environmental services and expand nationally.
"As a leading, vertically integrated waste management and remediation provider, DEEP GREEN is well-positioned to capitalize on booming demand for eco-friendly and compliant solutions to pressing environmental challenges faced by our customers," said Bill Edmonds, Chairman of DEEP GREEN. "We look forward to creating additional value for shareholders as we fulfill our ambition to be the recognized national leader in this space."
$CBDW 1606 Corp. Partners with Cool Blue To Launch ChatCBD, a New AI Customer Experience
SEATTLE, Sept. 26, 2023 /PRNewswire/ -- 1606 Corp. (OTC Pink: CBDW) ("1606" or the "Company") is excited to announce an upcoming launch of ChatCBD, the Company's revolutionary AI chatbot designed to transform customer experiences. This conversational e-commerce tool will initially be installed in partnership with Cool Blue Distribution. Under this agreement, 1606 will install its proprietary AI merchandizing ChatBot on Coll Blue's website. ChatCBD has been specifically designed to answer customer questions about CBD and make product recommendations from retail brands currently being offered by Cool Blue Distribution which is a top CBD distributor in the U.S. (For a full list of retailers see www.CoolBlueDist.com).
This merchandizing AI provides 1606 with new channels of revenue from licensing, product sales, payment processing and more. Conversational e-commerce technology personified by 1606's new merchandising Chatbot opens the door for the Company to enter bigger markets such as nutraceuticals, cosmetics, and supplements to name a few.
One of the largest problems in online sales of CBD products, as expressed by real CBD users, is that as consumers they are inundated with hundreds of product choices at a time resulting in a lack of understanding due to the unregulated status of the CBD industry. More often than not, this results in cart abandonment, lost sales, and a lack of trust in the industry. CBD customers are comfortable discussing their CBD uses, dosages, and product type with a knowledgeable CBD expert more typically found in a dedicated CBD retail location (CBD Shops). ChatCBD doubles as an in-store resource for CBD retailers allowing employees to advise and educate at a scale previously unavailable to the industry. When it comes to CBD, online sales remain the dominant distribution channel, accounting for 66% of overall sales according to American Marijuana.Org, and 1606, in partnership with Cool Blue, will aim to blend the best brick-and-mortar CBD customer service and online product selection with the use of the new AI ChatBot, ChatCBD.
Key Features of ChatCBD:
Natural Language Processing (NLP): ChatCBD leverages state-of-the-art NLP technology, enabling her to understand and respond to customer queries with human-like precision and comprehension.
24/7 Availability: ChatCBD is always available to assist customers, ensuring round-the-clock support and resolving issues promptly, even outside of regular business hours.
Seamless Integration: ChatCBD seamlessly integrates with existing customer support systems, allowing businesses to enhance their services without disrupting their current workflows.
Personalized Engagement: ChatCBD can personalize interactions by analyzing customer data, preferences, and behavior patterns, delivering tailored solutions and recommendations.
Multi-Platform Compatibility: ChatCBD can be deployed across various digital platforms, including websites, social media, and messaging apps, providing a consistent and accessible customer experience.
Scalability: ChatCBD capabilities can scale with your business, adapting to increased customer demands without compromising on performance.
Data Analytics: ChatCBD collects and analyzes customer interaction data to provide valuable insights, enabling businesses to make informed decisions and optimize their services.
The CEO of 1606 Corp., Greg Lambrecht, expressed enthusiasm about the launch, stating, "ChatCBD marks a significant milestone in our commitment to empowering businesses with AI technology. We believe that ChatCBD advanced AI capabilities will revolutionize how companies engage with their customers, fostering loyalty and trust in an increasingly competitive marketplace."
Early adopters of ChatCBD will experience substantial improvements in customer satisfaction, reduced response times, and increased efficiency in their customer service operations. As CBD businesses continue to adapt to evolving consumer expectations, ChatCBD stands as a powerful tool for delivering exceptional customer experiences.
To learn more about ChatCBD and how 1606 Corp. can help your business leverage this groundbreaking AI chatbot, please visit www.CBDW.ai or contact our head of business development, Austen Lambrecht at email@example.com.
Why ChatCBD and why now? A Forbes Health Survey of 2,000 U.S. adults conducted by OnePoll found 60% of respondents have tried a CBD product and believe it offers some medicinal benefits. According to a 2018 cross-sectional survey of over 2,400 people published in Cannabis and Cannabinoid Research, almost 62% of CBD users report using the cannabinoid to treat a medical condition specifically. The top three medical conditions treated with CBD include pain, anxiety and depression according to Forbes.
7 Stocks in Focus from Recent News Turbulence: KAVL, HNRC, INBS, HALB, ENZC, SNNC, RGXTF / RGX.C
Most investors who are consistent with their performance in the stock markets are known for keeping their eyes on the latest news like hawks. This feature would provide you with a look into stocks that have been in the spotlight among investors owing to recent news.
Kaival Brands (NAS: KAVL) – On Thursday, the company was in prime focus after it provided an update with regards to the sales activities and the royalty payments, which originated thanks to its association with Phillip Morris International Inc. (NYSE: PM). The tobacco behemoth’s affiliate holds the license to market Bidi Vapor-based products from Kaival Brands Innovations Group in a number of global markets. The company announced that in July 2023, Phillip Morris had managed to generate record monthly sales for its products.
The President and Chief Executive Officer of the company, Eric Mosser, spoke about the development as well. He noted that everyone at the company was highly excited about the positive direction of the royalties and sales through the international markets.
Houston Natural Resources Corp. (OTC:HNRC) – On September 21, the company announced that it had completed the sale of its subsidiary assets, which had an enterprise value to the tune of $18 million. Owing to the sale, the company managed to earn $0.15 per share and plans to offer the shareholders a stock dividend subject to FINRA approval in the future.
The company revealed that it had resulted in strong gains as well as advances. The company went into an agreement to exchange its convertible preferred stock for assets in Houston Natural Resources Inc. The preferred stock had a market value of $18 million. It was further revealed that it had been successful in exchanging the reserves of Houston Natural Resources Inc. for $352 million worth of Cunningham Energy LLC assets without any further dilution.
Intelligent Bio Solutions Inc. (NAS: INBS) – Last Thursday, the company announced that its Intelligent Fingerprinting Drug Screening System had made its debut at the 2023 Workplace Health and Safety Show. The event was held on September 20 and September 21 in Sydney, Australia.
The system devised by the company is meant to provide a portable and non-invasive way to ensure health and safety at the workplace. It allows for convenient and fast drug testing at the workplace anytime and anywhere, thereby acting as a deterrent against drug abuse.
Halberd Corporation (OTC: HALB) – On September 20, the company made a major new announcement with regard to that project. It announced at the time that it had joined hands with Athena GTX for the purpose of developing solutions directed at TBI and the eventual submission of those solutions for government contracts. The project would be underpinned by the path-breaking proprietary nasal spray for the mitigation of the effects of TBI from Halberd.
TBI is a life-changing and serious condition that affects many people, in addition to athletes, first responders, and military personnel, among others. The company is currently involved in the development of its unique nasal spray, and in fact, the testing of the product is being conducted by Mississippi State University. The crux of the treatment lies in the suppression of the inflammatory neurotransmitters and cytokines that originate as a consequence of TBI.
Enzolytics Inc. (OTC:ENZC) – Last week, the company announced that it had signed a binding business combination agreement for the sale of its subsidiaries, Virogenetics Inc. and Biogenysis Inc., to Sagaliam Acquisition Corp. The company also announced yesterday that, as per the agreement, the transaction was valued at $450,000,000. The combined entity is expected to be listed on NASDAQ. It was also noted yesterday that the entities had already started the de-SPAC process.
Sibannac Inc (OTC:SNNC) – On September 20, the Nevada Corporation was in focus after it made a key announcement. Sibannac announced that its subsidiary Immersive Brand Concepts and Red Eye Coffee had entered into a partnership to launch a new gourmet coffee brand that would change the coffee experience for consumers.
The collaboration would look to cash in on the innovative approach of Immersive Brand Concepts and the high-quality coffee beans sourced by Red Eye Coffee from South Asia. The ‘Exclusive Red Eye Blend’ would be the basis of the partnership. It was described as a type of coffee that transcended boundaries and provided a pure and incomparable aroma that could not be matched by any other coffee in the Western Hemisphere. It was noted that the new brand could capture the imagination of coffee enthusiasts.
Regenx Tech Corp., (CSE: RGX) (OTCQB: RGXTF) – The company came onto the radar of investors on September 25 after it made a significant new announcement. RegenX Tech Corp. announced that it hit a major new business milestone through the development of its first commercial plant.
The plant is situated in Greeneville, Tennessee. The last step that had remained was the installation of a larger gas line and the eventual approval of the permit. It was a major new milestone for the company since it signified that RegenX Tech Corp was ready to transition to ramping up commercial production to the full capacity from the commissioning phase.
$ASRE Astra Energy Inc. Reaches Agreement with Holcomb Energy Systems to Secure Exclusive Worldwide Manufacturing Rights on Revolutionary Technologies and Welcomes Dr. Robert Holcomb MD, Ph.D. to Its Board of Directors
SAN DIEGO, Sept. 25, 2023 (GLOBE NEWSWIRE) -- via IBN -- Astra Energy Inc. (OTCQB: ASRE) (“Astra” or the “Company”) is excited to announce an agreement with Holcomb Energy Systems LLC (“HES”) that secures exclusive worldwide manufacturing rights to the HES In-Line Power Generator (“ILPG”) and the HES Self-Sustaining Power Plant, two exceptional technologies that are poised to revolutionize the energy sector.
This agreement secures the right for Astra to manufacture both products in-house, and to sub-license manufacturing rights to qualified joint venture partners.
Both HES technologies are scalable, with an exceptionally wide range of applications within the global clean energy sector. They use no fuel, have no moving parts and produce zero emissions. The HES ILPG magnifies power output, whether directly to the grid or in renewable projects, while cutting carbon emissions and reducing power bills. The HES Self-Sustaining Power Plant powers itself in a self-looping, self-regenerating fashion, while simultaneously powering a load.
Further, effective Sept. 7, 2023, Robert R. Holcomb M.D., Ph.D. joined the Astra Energy Inc. Board of Directors. Dr. Holcomb is co-owner, co-founder and co-manager of Holcomb Energy Systems.
With decades of experience across the medical, scientific and energy industries, Dr. Holcomb is a pioneer in modern invention with over 250 patents across a range of industries from breakthrough clean energy solutions to medical devices such as MagnaBloc, which achieved approximately $1 billion in worldwide sales.
Through 16 years of research and development, multiple prototypes and independent witness verifications attesting to the claims of the technology, the HES ILPG and Self-Sustaining Power Plant represent the culmination of Dr. Holcomb’s life’s work and genius.
Dr. Holcomb also served almost 20 years as a neurologist for children and adult patients on the faculty of Vanderbilt University School of Medicine in Nashville, one of the nation’s longest-serving and most prestigious academic medical centers. He has published numerous articles in esteemed medical and scientific journals and traveled the world delivering lectures on his research and technological breakthroughs.
Dr. Holcomb is passionate about the environment and focuses much of his time, energy and intellect on creating accessible, affordable and sustainable solutions to solve the widespread environmental challenges facing our world.
Houston Nat Res (OTC: $HNRC ) Strategic Asset Sales Propel Shareholder Dividend & $0.15 EPS
The oil and gas sector is almost always on the radars of investors due to the sort of returns it can often generate. One of the companies that could well be looked into at this point is Houston Natural Resources Corp. (OTC:HNRC), now known as Cunningham Natural Resources Corp. On September 21, the company announced that it had completed the sale of its subsidiary assets, which had an enterprise value to the tune of $18 million.
The stock ended higher by 4.84% to $0.0650 in Thursday’s trading session with more than 664K shares traded, above its average volume of 393K shares.
Owing to the sale, the company managed to earn $0.15 per share. The company revealed that it had resulted in strong gains as well as advances. The company went into an agreement to exchange its convertible preferred stock for assets in Houston Natural Resources Inc. The preferred stock had a market value of $18 million. It was further revealed that it had been successful in exchanging the reserves of Houston Natural Resources Inc. for $352 million worth of Cunningham Energy LLC assets without any further dilution.
Last week, the company entered the news cycle after it emerged on September 18 that Houston Natural Resources Corp. had completed the acquisition of a gold mining asset. The company announced that it had acquired Cunningham Mining Ltd. (CML), and there was the possibility of raising the ownership stake over time.
In the same news release, it was also announced that CML had acquired the placer claims located in the British Columbia Mineral Title Registry in an area spanning as much as 573.3 acres, as well as the associated authorizations and permits in the Skeena Mining Division in the area called the Golden Triangle. The company also revealed that the Nugget Trap Placer had been tested in the 1930s, but it had not been mined commercially for silver and gold owing to commodity prices and its faraway location.
$HHSE Hannover House closes 10-picture deal with ROKU for U.K., Ireland
Hannover House, Inc. (OTC: HHSE) has finalized the placement of ten films from the company's library with ROKU, for release into the U.K. and Ireland. The sale was initiated during the Cannes market in May and finally closed this week.
Titles licensed under the agreement include "Savage Land," "Future Shock," "Samurai: The Last Warrior" and seven others. ROKU is looking at over one hundred additional titles from the Hannover House library for possible licensing into these two territories in the future.
"This is great news for our program suppliers and shareholders," said Desiree Garnier, president of the Hannover House MyFlix division. "As video-on-demand outlets continue to expand worldwide, the international sales and licensing rights within the Hannover House library will see significantly greater monetization over the years," she concluded.
Hannover House has over four-hundred titles in the company's library of distribution or sales agency rights, which licensing grants are primarily limited to the North American territory. However, all original productions from Hannover House, and many third-party licensed titles, also include international distribution and sales rights.
Roku, Inc. of San Jose, California has grown their hugely successful hardware and streaming device business into a major supplier of programming in territories around the world. Titles licensed by Roku from studios and producers can be streamed directly to homes using the Roku hardware of many brands of Roku-enabled smart televisions. Current annualized revenues for Roku have been reported at $3.21-billion by the company.
Hannover House was formed in 1993 and has grown and evolved over the years in response to changing trends in media and entertainment distribution. The company has found success in recent years with facilitating independent feature productions such as the upcoming USA theatrical and streaming release of "WILDFIRE: The Legend of the Cherokee Ghost Horse," starring Anne Heche.
$INBS Intelligent Bio Solutions Successfully Debuts Intelligent Fingerprinting Drug Screening Solution at the 2023 Workplace Health & Safety Show in Sydney, Australia
NEW YORK, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) (“INBS” or the “Company”), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced the successful debut of its Intelligent Fingerprinting Drug Screening System at the 2023 Workplace Health & Safety Show in Sydney, Australia on September 20th and 21st. The non-invasive, portable system is designed to enable workplace health and safety managers to conduct simple, non-invasive workplace drug testing anytime and almost anywhere, serving as a deterrent against drug abuse and encouraging employees to adhere to health and safety policies.
The Workplace Health & Safety Show is Australia’s only workplace health and safety event, with thousands of health and safety decision makers from multiple sectors attending the live, interactive learning experience showcasing cutting-edge technology, ideas, and practices in workplace safety. Intelligent Bio Solutions stood alongside other industry leaders collectively working toward healthy and safe work environments that prioritize the well-being of all individuals.
Statistics from the Workplace Health & Safety Show held in 2022 revealed that 96% of visitors surveyed said it was important or very important to attend the exhibition to find new products and services. Additionally, 92% had a level of influence in health and safety purchases within their business, with 60% having a high degree of influence or the final say. The show is attended by organizations across a wide range of industries and sectors, including construction, manufacturing, transportation and logistics, education, local government, health and medical, defense, agriculture, engineering, and infrastructure.
Peter Passaris, Vice President of Sales and Operations at Intelligent Bio Solutions, said, “We have received an incredible response from key decision makers and professionals across a wide range of industries who have shown a keen interest in our innovative drug screening system and are actively seeking more information. This year’s show was focused on ‘shaping a safer tomorrow’. Through our conversations, it was evident that the commitment to workplace safety is growing stronger, and the mindset has shifted from for cause testing to a more preventative approach by conducting regular workplace drug screening. There was significant enthusiasm around our solution as it targets impairment, thus evaluating fitness for duty on the day of testing. Additionally, it was appreciated as a preferred choice of testing method by female participants in highly regulated work environments due to its non-invasive and dignified nature.”
The Intelligent Fingerprinting Drug Screening System is increasingly recognized as the world’s first fingerprint-based drug testing system that analyzes fingerprint sweat to screen for recent drug use, including cannabis, cocaine, opiates, and methamphetamine, in under ten minutes. A laboratory confirmation service is also available. The innovative product provides a quick, easy, non-invasive and dignified alternative to traditional point-of-care drug testing methods, such as urine and saliva. The system has applications within many sectors, and current customers include employers in safety-critical industries such as construction, manufacturing and engineering, transport and logistics firms, drug treatment organizations, and coroners.
An introductory video demonstrating the Intelligent Fingerprinting Drug Screening System is available here.
$KAVL Kaival Brands Receives Initial Royalty Payment from Philip Morris International Following Increased International Sales
Record International Sales in July 2023
Follows Recently Amended Agreement with Philip Morris International
GRANT-VALKARIA, Fla., Sept. 21, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we"), the exclusive U.S. distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), which are intended for adults 21 and over, today provided an update on sales activity by, and royalty payments received by Kaival Brands from, Philip Morris International, Inc. (PMI), whose affiliate holds the license from Kaival Brands to market Bidi Vapor-based products in multiple international jurisdictions.
Importantly, Kaival Brands announced that PMI achieved a record level of monthly sales in July for of its products (marketed by PMI under the names VEEBA and VEEV NOW).
Eric Mosser, Chief Executive Officer and President of Kaival Brands, stated, "We are extremely pleased to see the positive trajectory of sales and royalties to our company as international consumers realize the difference in quality and the science behind the BIDI® Stick and VEEBA/VEEV NOW devices. We are proud to work with Philip Morris and remain steadfast in our commitment to the responsible commercialization of better alternatives to cigarettes for adults who would otherwise continue smoking.”
$HNRC Strategic Asset Sales Propel Company to Impressive Gains Earning $0.15 per Share
HOUSTON, Sept. 21, 2023 /PRNewswire/ -- Houston Natural Resources Corp (OTC: HNRC) ("HNRC or the Company"), now known as Cunningham Natural Resources Corp ("CNRC"), announced today the successful completion of the sale of its subsidiary assets, at an enterprise value of $18 million dollars, to realize $0.15c per share. This has resulted in strong gains and advances in the Company's objectives.
The company entered into an agreement to exchange convertible preferred stock, with a market value of $18 million dollars, for its Houston Natural Resources, Inc ("HNRI") assets. The company has been able to exchange the HNRI reserves for $352m in Cunningham Energy LLC reserves without further dilution.
The company will be focused, under its new name of Cunningham Natural Resources Corp, on traditional oil and gas opportunities and energy transition materials including mining opportunities in copper, lithium, gold, as well as other precious and rare earth metals. The investment focus will be global with sustainability at the core of the strategy. As announced previously the company is in the process of a FINRA review for a name change, ticker and CUSIP change.
The company intends to put this additional capital to use for future energy and energy transition acquisitions and provide a dividend to shareholders, subject to FINRA review.
The company has signed a $10 million-dollar underwriting commitment for acquisitions and a listing to a major exchange. The company anticipates uplisting in the fourth quarter. The benefits an underwriter can provide to the company include acquisition and expansion capital, market awareness and analyst coverage to help increase market interest in the company's business model.
$LEON Leone Asset Management’s Subsidiary JP Anderson Signs MOU
CLEARWATER, FL / ACCESSWIRE / September 20, 2023 / Today, Leone Asset Management (OTC PINK:LEON) Subsidiary JP Anderson, Ltd., announced that they have entered a Memorandum of Understanding (MOU) with the Nyingohun landholding family of Molendeh Village in the Nyawa Section of the Gbo Chiefdom in Sierra Leone, West Africa.
The MOU agreement between the two parties is to undertake the business of quarrying, leading to the crushing of stone for infrastructure development in Sierra Leone and other countries in West Africa. JP Anderson will be operating a 500+-acre quarry location in the Bbo Chiefdom in Sierra Leone. The quarry location has more than 100 million tons of stone to be crushed. The agreement is in place for 20 years with an additional 25-year option. The parties anticipate beginning operations in the first quarter of 2024.
James Price, Chairman and CEO of Leone Asset, stated, we anticipate beginning operations with a 350 ton per hour crushing plant and operating six days per week with two eight hour shifts daily. We plan on doubling production in both year 2 and year 3 depending on demand for the finished product. For all product marketing and quarry information Leone will be building out a separate website (LeoneStone.com) and will be selling all products as Leone Stone & Gravel.
This opportunity and corporate expansion will add tremendous share-holder value and will allow Leone Asset to participate with Sierra Leone and other Sub-Saharan countries with some of the World's largest infrastructure development over the next fifty years."
$HALB Halberd and Athena GTX Collaborate on Advanced Traumatic Brain Injury (TBI) Monitoring and Applications for Government Contracts
JACKSON CENTER, PA / ACCESSWIRE / September 20, 2023 / Halberd Corporation (OTC PINK:HALB) and Athena GTX, Inc, of Johnston, Iowa commenced collaboration on critical development of submissions for government contracts seeking proposals for the detection and treatment of traumatic brain injury (TBI). The initial focus will be on accelerating and fine-tuning Halberd's proprietary nasal spray for suppressing the effects of traumatic brain injury (TBI). In addition, consistent with the government request, this will include rapid detection and assessment technologies from Athena as a point of injury (POI) treatment for use by both the military, civilian first responders and contact sports participants.
Halberd's nasal spray treatment is designed to suppress the detrimental cascading generation of excess inflammatory cytokines and neurotransmitters which result from progressive traumatic brain injury. Currently, no other product on the market addresses this need with a combination of 1.) a monoclonal antibody against glutamate, thereby decreasing extracellular glutamate (decreasing the excitatory neurotransmitter), 2.) a paranasal insulin counteracting hyperglycolosis and hyperkalemia allowing cerebral blood flow to keep up with brain oxygen demands after TBI, and 3.) a neurosteroid as a positive allosteric modulator, thereby slowing and inhibiting the binding of ligands to orthosteric binding sites. This acts to decrease metabolic demands, lowers intercranial pressure (ICP) and significantly decreases inflammation.
The collaboration plan is to deploy the novel product as a simple nasal spray as a custom formulation allowing for easy and rapid administration in emergency situations, making it particularly valuable for use by military warfighters in theatre and contact sports participants. The research data to date are demonstrating the synergistic effectiveness of this approach (combo of neuroexcitation, hypermetabolism and inflammation/edema mitigations) in animals. In ongoing preclinical studies with IRB-approved protocols, we are showing exciting early data on efficacy in a rat model and soon will begin sheep studies at Mississippi State University. Results in test animals at zero, three, six and fourteen days after induced TBI impact have produced consistent reductions of two key biomarkers of TBI; a 19% reduction in Neuron Specific Enolase (NSE) and a 51% reduction in levels of Glial Fibrillary Acid Protein (GFAP).
NSE is a biomarker of neuronal damage that has been shown to be a predictor of the ultimate outcome of TBI, and GFAP is an indicator of the induction of neuroinflammation and is also an indicator of neurodegeneration associated with Alzheimer's Disease, Parkinson's Disease, epileptic seizures, etc. Excess quantities of these elements have been linked to permanent changes in the brain associated with not only cognitive dysfunction, but potentially PTSD, suicide ideation, and other neurodegenerative diseases. This link to these other disease states is due to the commonality of the antigens demonstrably associated thereto.
Athena has a long history of government contracting on innovative solutions, and designing and developing miniature monitoring devices for these markets with numerous FDA-cleared devices now on the market for target markets throughout the world.
This partnership represents a significant step towards addressing the long-term health implications associated with traumatic brain injury. By harnessing the power of innovative medical solutions, Halberd and Athena aim to enhance the quality of life for those who have sustained traumatic brain injury.
$KAVL Kaival Brands Reports Fiscal 2023 Third Quarter Financial Results and Highlights Recent Achievements
Stable Revenues and Improving Gross Margin and Net Profits
Expanding Distribution, Revised PMI Licensing Agreement and More Favorable Regulatory Environment Expected to Serve as Strong Tailwinds for Improving Financial Performance
GRANT-VALKARIA, Fla., Sept. 20, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we"), the exclusive U.S. distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), including the BIDI® Stick, which are intended for adults 21 and over, today announced its financial results for the fiscal 2023 third quarter ended July 31, 2023.
Recent Business Highlights
Added more than 1,500 store locations to Circle K rollout bringing the total locations to more than 2,700 in the South Atlantic and Midwest regions
Shipped an initial order of BIDI® Sticks to over 900 Kwik Trip and Mapco locations
Amended agreement with Phillip Morris International (PMI) for distribution of Bidi Vapor products internationally, simplifying payment structure thereby reducing costs and accelerating royalty payments. On September 8, 2023, the Company received both a net reconciliation payment from PMI of approximately $135,000 pursuant to this amendment, and also received a royalty payment earned from July 1, 2023 through July 31, 2023, in the amount of approximately $121,000
Appointed Thomas J. Metzler to the role of Chief Financial Officer
Promoted Eric Mosser to the role of Chief Executive Officer
Promoted Stephen Sheriff to role of Chief Operating Officer
Eric Mosser, Chief Executive Officer and President of Kaival Brands, stated, “We are increasingly encouraged by the renewed BIDI® Stick interest and order flow from our distribution partners and increased enforcement of compliance regulations by the U.S. Food and Drug Administration (FDA). Over the past several months, we have increased placements with several large-scale C-store brands including Kwik Trip and Circle K, both of which are focused on ID-verification and youth-access prevention, and engaged a prominent national broker and one of the largest retail distributors in the U.S. We are pushing distribution into more channels and expect the impact will be evident in our financial results in the coming periods. Sales in September are on pace to double sales in August, a solid proof point of the momentum that is building.
“We recently renegotiated the licensing agreement with PMI in light of regulation changes in international markets and given the lessons learned during the first year of the agreement. Importantly, the revised agreement simplifies the payment terms, provides us with incremental cost savings and improves visibility into our future revenue and cash flows. We anticipate an acceleration of royalty payments, which will also serve as a catalyst for improving financial performance in the coming periods.”
Financial Results for Fiscal Third Quarter 2023
Revenues: Revenues for the third quarter of fiscal year 2023 were $3.6 million, compared to $3.8 million in the same period of the prior fiscal year. Revenues were flat in the third quarter of 2023, primarily due to credits/discounts/rebates issued to customers. The Company does not anticipate this trend to continue as renewed distribution ramps up and sales of non-tobacco flavored BIDI® Sticks increase, and even more so now that the PMTA denial order has been vacated by the 11th Circuit Court of Appeals, which allows it to continue marketing and selling BIDI ® Sticks, subject to the FDA’s enforcement discretion.
Cost of Revenue, Net, and Gross Profit: Gross profit in the third quarter of fiscal year 2023 was $1.3 million, or 36.3% of revenues, net, compared to approximately $442,000 gross profit, or 11.5% of revenues, net, for the third quarter of fiscal year 2022. Total cost of revenue, net was $2.3 million, or 63.7% of revenue, net for the third quarter of fiscal year 2023, compared to $3.4 million, or 88.5% of revenue, net for the third quarter of fiscal year 2022. The increase in gross profit was primarily driven by improved cost per sticks during the third quarter of fiscal year 2023.
Operating Expenses: Total operating expenses were $3.0 million for the third quarter of fiscal year 2023, compared to $4.3 million for the third quarter of fiscal year 2022. For the third quarter of fiscal year 2023, operating expenses consisted of advertising and promotion fees of $578,000 compared to $658,000 in the prior year quarter, and general and administrative expenses of $2.4 million compared to $3.6 million in the prior year quarter. The reduction in general and administrative expenses was primarily the result of lower stock option expenses and professional fees, which was partially offset by an increase in other general and administrative expenses. The Company expects future operating expenses to increase while it increases the footprint of its business and generates increased sales growth.
Net Loss: Net loss for the third quarter of fiscal year 2023 was $1.8 million, or $0.03 basic and diluted net loss per share, compared to a net loss of $3.9 million, or $0.09 basic and diluted net loss per share, for the third quarter of fiscal year 2022. The decrease in the net loss for the third quarter of fiscal year 2023, as compared to the third quarter of fiscal year 2022, is primarily attributable to increased gross margins on sold products and a reduction in general & administrative expenses.
Cash Position: As of July 31, 2023, the Company had working capital of $2.4 million and total cash of $1.0 million.
Additional information regarding the Company’s results of operations for the third quarter ended July 31, 2023 is available in the Company’s Quarterly Report on Form 10-Q for such reporting period, which has been filed with the Securities and Exchange Commission.
$SNNC Sibannac, Inc.'s Immersive Brand Concepts Teams with Red Eye Coffee to Unveil Rare Imported Gourmet Coffee Experience
Scottsdale, Arizona--(Newsfile Corp. - September 20, 2023) - Sibannac, Inc. (OTC Pink: SNNC), a Nevada corporation (the "Company"), announced the following:
Sibannac Inc.'s Immersive Brand Concepts and Red Eye Coffee Company are proud to announce their partnership in launching an extraordinary gourmet coffee brand that will redefine the coffee experience. This collaborative endeavor combines the innovative approach of Immersive Brand Concepts with Red Eye Coffee Company's unparalleled coffee beans sourced from Southeast Asia.
At the heart of this groundbreaking partnership is the "Exclusive Red Eye Blend," a coffee that transcends boundaries, offering an unadulterated, untouched, and unparalleled aroma and flavor profile previously unknown to the Western world. This extraordinary blend is set to captivate coffee enthusiasts and connoisseurs alike. Red Eye Coffee is a harmonious fusion of age-old strains meeting contemporary roasting techniques. It brings together the best of coffee heritage with innovative craftsmanship.
"We are incredibly excited to partner with Red Eye Coffee and introduce their gourmet coffee to the Western world. The environmentally conscious approach to coffee cultivation, combined with the amazing flavor, aroma, and profile of their beans, aligns perfectly with our commitment to delivering exceptional experiences. This partnership will undoubtedly elevate the coffee industry and provide coffee enthusiasts with a truly remarkable sensory journey," said, Karl Gottschalk, CEO of Immersive Brand Concepts.
Beyond delivering an exceptional taste, the parties are committed to ethical farming practices that ensure the preservation and sustainability of this rare varietal. By supporting responsible cultivation, the partnership seeks to leave a positive impact on the coffee industry and the environment.
To further enhance the exclusivity of this collaboration, the brand will introduce limited edition roasts. These seasonal offerings will capitalize on the uniqueness of the coffee beans, providing consumers with a constantly evolving and enriching coffee experience. This collaboration will also offer coffee subscription boxes. With monthly deliveries, these subscription boxes ensure that enthusiasts never miss a cup of this extraordinary coffee.
"This extraordinary coffee experience is designed for adventurous coffee lovers who seek new tastes and flavors. Additionally, it appeals to genuine coffee aficionados eager to explore the uncharted in the world of coffee. We will also be infusing Kratom into some of the coffee blends, consistent with entry into the alternative health space. Kratom is a cousin to the coffee plant and so they pair exceptionally well together for their combined effects, as well as offering a wonderful flavor profile, said Sibannac, Inc., CEO, David Mersky. "We're continuing a very methodical approach in building our business model using our core products to grow from. There are over two billion cups of coffee served every day and we're bringing truly differentiated products to the market," said Mersky.
$CANQF CANAQUEST Announces Award of European Cannabinoid Patent
EU Patent #19846183.2 - A NOVEL BOTANICAL AND TETRAHYDROCANNABINOL ("THC") FORMULATION FOR THE REDUCTION OF CANNABIS-INDUCED NEGATIVE NEUROPSYCHIATRIC SIDE-EFFECTS
We believe we can provide a safer alternative to other THC products providing the benefits without the negative psychiatric side effects. Pre-clinical trials have demonstrated the reversal of depression-like and schizophrenia-related symptoms, blockage of memory impairment, hyperactive activity, and gene vulnerability.
TORONTO, ON / ACCESSWIRE / September 19, 2023 / CanaQuest Medical Corp ("CanaQuest" or the "Company") (OTC:CANQF), a clinical-stage life sciences company focused on drug discovery and development of next-generation targeted cannabinoid therapeutics for the central nervous system (CNS), is pleased to announce it was awarded a European Cannabinoid Patent, a novel Botanical and Tetrahydrocannabinol ("THC") Formulation for the reduction of cannabis-induced negative neuropsychiatric side-effects.
The formulated product is branded as Mentabinol®, which addresses various psychiatric disorders. Acute THC consumption can trigger paranoid thoughts in vulnerable individuals.
Mentabinol® - Formulation utilizing pharmaceutical-grade botanical extract, L-theanine, and THC molecules extracted from cannabis.
The Scientific Difference - based on pre-clinical trial results at Western University
THC vs Mentabinol®
For many users, THC causes:
Memory impairment and possible long-term cognitive side effects,
Depression-like and schizophrenia-related symptoms,
Anxiety and hyperactive activity,
Schizophrenia due to gene vulnerability.
Application of Mentabinol® has demonstrated in pre-clinical trials:
Reversal of depression-like and schizophrenia-related symptom effects,
Blockage of memory impairment, hyperactive activity, and gene vulnerability.
The discovery was made by a research team led by Dr. Steven Laviolette, a professor, and neuroscientist at Western University with decades of experience in the fields of mental health and cannabinoids.
Western University's Dr. Steven Laviolette said, "What we found was that by administering L-theanine along with the THC-based formulation, we were able to block several side effects of THC exposure, including changes to schizophrenia-related neurochemical pathways, and abnormalities in behaviors - including cognitive and emotional disturbances." "This will be especially beneficial for those who are taking THC for things like long-term pain, chemotherapy side effects, or reducing anxiety or depression." Western University researchers believe this formulation may mitigate this type of harm to chronic cannabis users. The team also concluded that their research provides evidence for combining the THC-based formulations with L-theanine to make them safer for both recreational and medicinal use.
Paul Ramsay, CEO and Co-Founder of CanaQuest stated, "Our patented THC-based formulation will be a catalyst to complement pending Clinical Studies and to introduce our product, branded as Mentabinol®, to the market as a safer alternative to THC by itself."
Physicians, psychiatrists, and healthcare practitioners, interested in joining our network, as well as institutions, clinics, and pharmacies, can register via Join our network.
Domestic and international medical product distributors are welcome to contact us with indications of interest.
For more information, visit https://www.canaquest.com/corporate-profile/about-us/.
$ASRE - "Form 8K filed to reflect addition and changes to Astra Directors. Welcome @HolcombSystems Dr. Robert Holcomb as Director. Current Astra Director Benjamin Grier has also become a Director at our subsidiary Astra Energy California Inc."
Form 8K filed to reflect addition and changes to Astra Directors. Welcome @HolcombSystems Dr. Robert Holcomb as Director. Current Astra Director Benjamin Grier has also become a Director at our subsidiary Astra Energy California Inc.https://t.co/76k3cbY9eI— Astra Energy Inc. (@AstraEnergyInc) September 18, 2023
$PRSNF $PRSN Personas Provides Further Update on Keek Marketing Launch
Toronto, Ontario--(Newsfile Corp. - September 18, 2023) - Personas Social Incorporated (TSXV: PRSN) (the "Company") announces the launch of its Keek marketing initiatives.
Further to the press release issued September 14th the Company announces that the Khloe Kardashian Giveaway contest of which Keek is a sponsor has been rescheduled by the Kardashian team to start today, Monday the 18th of September 2023 at 2pm EST. All details of the Company's 'marketing campaign will remain the same. The only change is the start date.
The Company is also pleased to announce the release of version 1.7 of the Keek app. Version 1.7 contains several bug fixes a much-improved Feed that provides uses with constant new content and new features such as video zoom. You can download Keek from the Apple Appstore or Google Play store.
$DLMI Anthony Scaramucci Joins Diamond Lake Minerals as Strategic Advisor
SALT LAKE CITY, Sept. 18, 2023 (GLOBE NEWSWIRE) -- via IBN -- Diamond Lake Minerals, Inc. (OTC: DLMI) (the "Company" or "DLMI"), a leading Multi Strategy Operating Company specializing in the development and support of digital assets and SEC-registered security tokens, is delighted to welcome Anthony Scaramucci, the founder and managing partner of SkyBridge, as a Strategic Advisor. Scaramucci's unparalleled expertise in finance, technology, and business strategy will be instrumental in shaping DLMI's strategic direction as the company continues to redefine the future of traditional and digital securities.
Anthony Scaramucci has a distinguished career, having founded and led SkyBridge, a global alternative investment firm. Additionally, he is the founder and chairman of SALT, a globally renowned thought leadership forum and venture studio. Scaramucci's journey in finance began when he co-founded investment partnership Oscar Capital Management, ultimately acquired by Neuberger Berman in 2001. Earlier in his career, he honed his skills in Private Wealth Management at Goldman Sachs & Co.
Reflecting on his new role at DLMI, Scaramucci remarked, "I have had the pleasure of knowing and seeing Brian Esposito's hard work in building so many great companies and brands across multiple industries over the past two decades. Witnessing how he always seems to be ahead of the curve in market direction is what I truly admire about him and his capabilities. It is a true honor to join Diamond Lake Minerals team alongside such tremendous advisors to bring as much support, guidance, opportunity, and experience as I can to assist them in the building of traditional businesses and traditional securities, combined with what we believe is the future, regulated digital securities."
In 2022, Scaramucci was recognized as the #47 Influencer in Crypto and Blockchain by Cointelegraph, a testament to his forward-thinking vision. His impact extends beyond the financial world, as he was ranked #85 in Worth Magazine's Power 100: The 100 Most Powerful People in Global Finance in 2016. In 2011, he received Ernst & Young's New York Financial Services "Entrepreneur of the Year" Award. Scaramucci is a member of the Council on Foreign Relations (CFR) and serves as a board member of the Federal Enforcement Homeland Security Foundation. He is also an accomplished author with five books to his name.
"I cannot begin to explain how important and incredible it is to have Mr. Anthony Scaramucci join our Diamond Lake Minerals Advisory Board. Not only is Anthony a dear friend, he is someone I highly admire and respect. He is one of the hardest working professionals I have ever met, yet also one of the kindest and most accessible as well," stated Brian J. Esposito, CEO of DLMI. "Having someone as esteemed, credible, and seasoned in business, finance, and technology as Anthony supporting our vision, speaks volumes for the direction we are taking this wonderful entity and together we will correctly pave the way for future companies to follow."
$HNRC $CNRC Cunninghan Mining Ltd. / Houston Natural Resources Corp. Acquires Gold Mining Property
CHARLESTON, W.Va., Sept. 18, 2023 /PRNewswire/ -- Houston Natural Resources Corp (OTC: HNRC) ("HNRC or the Company"), now known as Cunningham Natural Resources Corp ("CNRC"), announced today that it has acquired an interest in Cunningham Mining Ltd ("CML") with the potential to increase its position over time. CML has completed the acquisition of the Placer Claims known as the 'Nugget Trap Placer Mine" in the British Columbia Mineral Title registry covering 573.7 acres and the accompanying permits and authorizations ("Property") that is situated within the Skeena Mining Division of British Columbia, Canada in the area known as BC`s Golden Triangle.
The Nugget Trap Placer Mine was tested in the 1930's but never commercially mined for Gold and Silver due to its remote location and commodity prices of the era. Located approximately 69 miles northwest of the town of Stewart, British Columbia, the placer claim's mineable area has been fed by glacial movement and pooling creating ideal mining conditions for the recovery of gold and silver. A recent independent assay, which includes data from a 25-pit test program, indicated an average of over Au 25.54 grams gold per cubic meter of pay dirt as well as meaningful amounts of silver. The company is in the process of permitting for a 15,000 cubic yard per annum pay dirt mining program with the British Columbia Ministry of Mines.
Located in northwestern British Columbia, Canada, the Golden Triangle boasts some of the most impressive gold discoveries in North America. For decades, B.C.'s Golden Triangle has attracted prospectors in search of a golden opportunity. Today, the region is experiencing newfound interest thanks to a strengthening gold market and new advances in infrastructure.
Seabridge's KSM Project, based in BC's Golden Triangle, is one of the largest undeveloped gold deposits in the world measured by gold reserves, which is in close proximity to the Nugget Trap Placer claim. An updated Preliminary Feasibility Study (PFS) estimates proven, and probable reserves total 38.8 million ounces of gold and 10.2 billion pounds of copper.
Three lithologic units underlie the Property. The Upper Jurassic Bowser Lake Group of thinly bedded mudstones and siltstones overlies the Middle Jurassic pillow lavas and interbedded mudstones of the Lower Salmon River Formation. Quaternary sediments cover the two Jurassic Formations in the Unuk River and Sulphurets Creek Valleys. The sediments range in size from boulders to fine silt and contain fine-grained placer gold in the Sulphurets creek drainage. The gold recovered was fine-grained flakes that were jagged or torn with sharp edges from being ground by glacial action. The source of the gold in the gravels is from the various large gold and copper deposits identified upstream and up ice from the Property including the Mitchell, Sulphurets, Kerr and Snowfield deposits of Seabridge Gold Inc.
CNRC has acquired an initial 9% interest in Cunningham Mining Ltd in line with its business model to invest in existing energy assets and transitional energy materials like copper, gold and lithium, in addition to other precious and rare earth metals.
Stock in the News in Focus: $KAVL, $INBS, $CLNV, $PRSNF / $PRSN.V, $VTAK
Most investors who are consistent with their performance in the stock markets are known for keeping their eyes on the latest news like hawks. This feature would provide you with a look into stocks that have been in the spotlight among investors owing to recent news.
Kaival Brands Innovations Group Inc. (NASDAQ:KAVL) The company saw its stock make a major move on Thursday, as it ended up with gains of 9.08% amidst trading volumes that were three times the average daily volume.
Kaival Brands Innovations Group Inc., which is involved in the distribution of products manufactured by Bidi Vapor LLC, announced yesterday that it had shipped a bulk order of BIDI Sticks valued at more than $750,000. The products were shipped to one of the biggest wholesale distributors in the United States, HT Hackney Co. The order was shipped during the fourth quarter of 2023.
Intelligent Bio Solutions Inc. (NASDAQ:INBS) On September 14, it was one of the companies that had seen its stock trend higher. The company, which is involved in providing non-invasive, fast, and intelligent testing solutions, was in the news on September 8.
At the time, Intelligent Bio Solutions Inc. announced that it had hit a major milestone with the addition of tramadol and ketamine to its Intelligent Fingerprinting Drug Screening System offering. The latest assays for the testing of both drugs passed the initial design phase at the company. The company revealed that it was ready to be scaled up and then moved on to clinical trials.
Clean Vision Corporation (OTC:CLNV): The emerging sustainable clean technology company was in focus yesterday as its stock ended the day with gains of 10.05%. On September 7, Clean Vision Corporation announced that the proceeds from the forgivable loan worth $1.75 million had been disbursed.
It had been disbursed in line with the Memorandum of Agreement that the company entered into with the West Virginia Department of Economic Development on June 1, 2023. As per the terms of the funding, the company would need to create at least 40 jobs in three years to be eligible for loan forgiveness.
Personas Social Incorporated (OTC:PRSNF) (PRSN.V) Yesterday, the company announced that it had launched marketing initiatives related to its social media offering, Keek. The news created significant buzz about the Personas Social Incorporated stock as its trading volume went up tenfold from its average daily volume on Thursday.
The company revealed yesterday that the pre-launch phase had been completed and that it would begin marketing Keek to users on September 15.
Catheter Precision Inc. (NYSE American:VTAK) On August 31, the company announced that it had entered into a distribution partnership with the Singapore-based medical device distribution firm Somnotec (S) Pte Ltd.
Catheter Precision Inc. announced that Somnotec would be responsible for distributing its LockeT closure device in the markets of Malaysia, Indonesia, the Philippines, Singapore, and Brunei. The interim Chief Executive Officer of the company, David Jenkins, noted that LockeT was its latest offering and that the company wanted to expand its footprint beyond the United States.
$HALB - "Following up on our recent press release on MSU's phenomenal preliminary safe antigen eradication success: We recently complied with a request to submit a funding & construction proposal regarding its nasal spray TBI project for US Armed Forces use"
$HALB Following up on our recent press release on MSU's phenomenal preliminary safe antigen eradication success: We recently complied with a request to submit a funding & construction proposal regarding its nasal spray TBI project for US Armed Forces use. https://t.co/wsmovRcCfc— Halberd Corporation (@HalberdC) September 15, 2023
$HHSE Hannover House forms InteliMation AI for first major A.I. Animated Feature Production
JOURNEY TO UTOPIA to begin production in December with A-List Voice & Music Talent
Major launch planned for Cannes and Summer (2024) Theatrical Release
NEW YORK, NY / ACCESSWIRE / September 15, 2023 / InteliMation AI, a newly formed division of indie studio Hannover House, Inc. (OTC PINK:HHSE), has secured a private investment commitment to produce the world's first fully A.I. and CGI generated feature film, the family appeal fantasy film, "Journey to Utopia." Featuring a voice talent cast of Academy Award winning actors and box office stars, the film's visuals will be fully generated using cutting-edge Artificial Intelligence visual rendering, based on producer-supplied scene structure input and character designs.
"We have been trying to produce this film for the past ten years," said Eric Parkinson, C.E.O. of Hannover House. "But the visual demands of creating the land of Utopia made the production costs prohibitive and financially risky. That has changed now with the new A.I. technology and our improved strategy to make the film animated as opposed to live-action," he concluded.
"The Artificial Intelligence CGI technology has reached a point where we can create an animated feature that is visually comparable to a $200-million-dollar studio production, but completed for a fraction of the cost and time," said Parkinson. "From script to theatrical DCP, we can produce a major studio quality animated feature in less than eight months."
"The technology from InteliMation should herald in a major paradigm shift in entertainment," said Christian Large, an independent producer and advisor to Hannover House. "High-end animated features will no longer take multiple years and hundreds-of-millions of dollars to produce. This technological breakthrough will enable a broader range of stories to be created and released, which ultimately will help expand the market," he concluded.
The script for "JOURNEY TO UTOPIA" was written by Mike Snyder ("Wildfire") based on a story by Eric Parkinson. The production is in negotiations to secure three Academy Award winning actors as voice talent for the film. Shirley MacLaine is pegged for the role of "Mother Goose;" Forest Whitaker is being pursued to portray the principal antagonist, "Valkerna," and Kim Basinger is being pursued in the role of "Connie Hammonds," the mother of one of the kids who becomes trapped in the land of Utopia.
Pending receipt of a Screen Actors Guild waiver for the production, recording of voice talent is expected to start in late November or early December. A promo reel is planned for the Cannes 2024 festival with a USA Theatrical launch targeted for July 2024.
The world animation market will generate over $411-billion dollars in 2023, according to Statista Research Department - and is expected to grow to over $580-billion by the year 2030. The A.I. fueled software technology pioneered by Hannover House and InteliMation will revolutionize how animated features and television programming are made.
Hannover House and InteliMation are targeting to complete two animated features in 2024, with three set for 2025 and four features per year beginning in 2026. Hannover House will handle the sales representation of the films worldwide, and will coordinate North American theatrical and ancillary sales campaigns with exhibitors, partner studios and major video-on-demand platforms. Hannover House was formed in 1993 and has found success in a variety of indie film distribution arenas, from DVD and VOD distribution to theatrical exhibition.
The release plans for "Journey To Utopia" will follow a traditional model of a wide USA theatrical launch, followed by Video-On-Demand and physical goods (DVDs / BluRay units).
$ALST AllStar Health & Tyme Cannabis Co Signs a Memorandum of Understanding (MOU) 'Growing Together to Dominate The Cannabis Market Throughout Ontario Canada'
Miami, Florida--(Newsfile Corp. - September 15, 2023) - AllStar Health Brands Inc. (OTC PINK: ALST) ("AllStar" or "the Company") Memorandum of Understanding (MOU) with Tyme Cannabis Co a significant step towards the expansion of the cannabis business throughout Ontario, Canada. Here are some key points to highlight based on the information provided:
The MOU is a Joint Venture Strategic Partnership between 2753727 ONTARIO INC. O/A Tyme Cannabis Co., and All-Star Brands Inc. (OTC PINK: ALST). Both Tyme Cannabis Co., and All-Star Brands Inc. (OTC PINK: ALST) intends to expand its retail presence in the Cannabis sector by adding 70+ new locations throughout Ontario, Canada. This expansion is subject to regulatory approval and will be carried out under Tyme's AGCO (Alcohol and Gaming Commission of Ontario) license.
Tyme Cannabis Co has an existing operation is based in Hamilton, Ontario in operation licensed by AGCO, and it serves as a foundation for the planned expansion. Peter Wanner, CEO/President, states, "By combining the knowledge, experience, and capabilities of both Tyme and AllStar, we think the outcome will be positive for all parties. In the future, the opening of more stores, offering more verities, will set us apart from other vendors in the cannabis space."
Tyme Cannabis Co., and All-Star Brands Inc. (OTC PINK: ALST) plans on obtaining necessary permits and licenses, funding, suitable locations, and developing a detailed expansion plan as they have tremendous confidence in the cannabis market's growth potential in this region. However, the exact number of new locations may vary depending on regulatory approvals, capital, and other factors and profits with be distributed 50/50 between Tyme Cannabis Co., and All-Star Brands Inc. (OTC PINK: ALST).
$PRSNF $PRSN.V Personas Provides Update on Keek Marketing Launch
Toronto, Ontario--(Newsfile Corp. - September 14, 2023) - Personas Social Incorporated (TSXV: PRSN) (the "Company") announces the launch of its Keek marketing initiatives.
The Company is proud to announce that it has completed the pre-launch phase of its Keek re-launch and will start marketing the service to users on September 15th, 2023.
The initial marketing campaign will be a Khloe Kardashian Giveaway contest of which the Company is a sponsor. The Giveaway contest will offer Khloe Kardashian Instagram followers a chance to win cash or prizes for following her sponsors' social media pages. This contest will be run back-to-back with a Keek contest that will offer users a chance to win a prize from the $30,000 prize pool being offered by the Company. To qualify for a chance to win, users must download the Keek app and follow Khloe Kardashian's profile on Keek. A random draw will take place on October 1st at the Company's offices in Toronto, Canada.
The Keek-sponsored contest will be advertised to the Company's approximately 1.5 million social media users, and to all users participating in the Khloe Kardashian Giveaway contest. This marketing imitative is the first of many that will happen regularly over the next several months.
$SVSN The Vision Group Concentrates Their Near-Term Ecological Restoration and Preservation Endeavors in North America
Las Vegas, Nevada - With specialized products, The Vision Group of companies which includes Eco Allies, Climate Cure Capital, StereoVision, and REZN8, is in the near term pursuing North American opportunities in the Ecological Restoration and Preservation (ERP) industry.
Eco Allies Co-CEO Jack Honour stated, while well keep our international project plans active, were directing our resources to our recently announced SuperGreenTree projects, and our BioChar Now, Eco Allies, and Climate Cure Capital J/V. https://ecoallies.biz/assets/files/EA-Summary-JHH-updated.pdf, Eco Allies' SEC qualified Reg A+ shares are available for purchase. Contact: firstname.lastname@example.org.
The Vision Group of companies: StereoVision Entertainment Inc. http://stereovision.com is a publicly-traded Nevada company (OTC:SVSN) utilizing its award-winning team of industry professionals in the areas of (1) ecological restoration and preservation through its wholly-owned subsidiary Climate Cure Capital and its for-profit audited SEC reporting Nevada Benefit corporation, Eco Allies®. http://ecoallies.biz (2) creating, producing and distributing family friendly multi-media content with its wholly-owned 9-time Emmy-Award-winning production company, REZN8. http://rezn8.com.
$RGXTF $RGX.C Regenx Grants Stock Options
EDMONTON, Alberta, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Company" or "Regenx") (CSE: RGX) (OTCQB: RGXTF) (FSE: YRS WKN: A2DSW3) announces the Company has granted an aggregate of 4,950,000 stock options to directors, officers, employees, and various consultants of the Company. The options are at an exercise price of $0.13 per share and valid for a period of five years from the date of the grant, subject to vesting provisions. The options are granted in accordance with the Company's Stock Option Plan approved by the shareholders on August 24, 2023
The grant of the options has been approved by the Board of Directors and is subject to the final approval of the Canadian Securities Exchange (CSE).
$KAVL Kaival Brands Announces Bulk Order for BIDI Sticks from H.T. Hackney
GRANT-VALKARIA, Fla., Sept. 14, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) (“Kaival Brands,” the “Company,” or “we”), the exclusive U.S. distributor of all products manufactured by Bidi Vapor, LLC (“Bidi Vapor”), which are intended for adults 21 and over, today announced that it has shipped a bulk order of BIDI® Sticks to H.T. Hackney Co. (“Hackney”), one of the largest wholesale distributors in the United States.
The order is valued at more than $750,000 and was shipped in the fourth quarter of fiscal year 2023. H.T. Hackney had not ordered more than $100,000 of BIDI® Stick product in a single order since March 2023.
Eric Mosser, Chief Executive Officer & President of Kaival Brands, said, “This bulk order represents the resumption of activity with one of our key distribution partners and is an important step towards accelerating our product sales. Hackney is a long-term, dedicated distributor that recognizes the important business value of only distributing compliant and legitimate, non-illicit ENDS products and shares our commitment to championing youth-access prevention. Given recent enforcement efforts by the FDA to address the problem of illicit and illegal vaping products, we are optimistic that this bulk order is an indication of a positive trajectory in revenue growth.”