Cryptostar CSTR.V (CDN) News

CryptoStar Corp. Renegotiates Definitive Agreement with Hong Kong Based Company and Announces Purchase of Additional Mining H...
March 30 2021 - 08:52AM
PR Newswire (Canada)
TSXV: CSTR

TORONTO, March 30, 2021 /CNW/ - CryptoStar Corp. (TSXV: CSTR) ("CryptoStar" or the "Company"), a cryptocurrency mining and data centre operator, is pleased to announce that, further to the execution of a definitive agreement announced on March 8, 2021, the Company and a Hong Kong based company (the "Vendor") have renegotiated an equipment purchase agreement (the "Definitive Agreement") effective March 7, 2021 to acquire a combination of GPU and ASIC miners in exchange for 5,927,151 units ("Units") of the Company at a deemed value of CAD$1,422,516.24 (the "Transaction"). The Company will issue an additional 355,629 Units (the "Finder's Fee") to Chen Peifeng in connection with Transaction. As compared to the terms announced on March 8, 2021, the renegotiation represents a 25.5% reduction in the deemed value of the Definitive Agreement and a 25.5% reduction in the number of Units to be exchanged.

Each Unit consists of one common share of CryptoStar (a "Common Share") and one common share purchase warrant of CryptoStar (a "Warrant"). Each Warrant entitles the holder to acquire one Common Share at a price of CAD $0.36 per Common Share for a period of 18 months from the date of issue.

The Transaction, including payment of the Finder's Fee, is subject to TSX Venture Exchange (the "TSXV") approval.

Highlights of the Transaction:

The Vendor will deliver GPU and ASIC miners capable of an approximate total Hashrate of 25,950 MH/s and 5,510 TH/s respectively.
It is anticipated that the GPU and ASIC miners will be delivered to CryptoStar's data centres in Alberta, Canada within 14 days.
The deployment of 25,950 MH/s and 5,510 TH/s of Hashrate using the latest generation GPU and ASIC miners is expected to contribute USD$138,908.35 per month in self-mining revenue for CryptoStar. CryptoStar plans to continue to further expand its self-mining inventory of mining hardware.
(Source: https://whattomine.com/ Mining metrics are calculated based on and ETH - USD exchange rate of 1 ETH = $1,836.01 and a BTC - USD exchange rate of 1 BTC = $58,973.49 updated at 2021-03-30 11:07:01 UTC).
CryptoStar is also pleased to announce that the Company has purchased additional mining Hashrate from additional suppliers (the "Purchases").

Highlights of the Purchases:

The additional suppliers will deliver GPU and ASIC miners capable of an approximate total Hashrate of 24,000 MH/s and 11,950 TH/s respectively.
It is anticipated that the GPU miners will be delivered to CryptoStar's data centres in Alberta within 21 days and the ASIC miners are scheduled for delivery by the end of May 2021.
The deployment of 24,000 MH/s and 11,950 TH/s of additional mining Hashrate using the latest generation GPU and ASIC miners is expected to contribute an additional USD$205,021.72 per month in self-mining revenue for CryptoStar. CryptoStar plans to continue to further expand its self-mining inventory of mining hardware.
(Source: https://whattomine.com/ Mining metrics are calculated based on and ETH - USD exchange rate of 1 ETH = $1,836.01 and a BTC - USD exchange rate of 1 BTC = $58,973.49 updated at 2021-03-30 11:07:01 UTC).
The combined total deployment of 49,950 MH/s and 17,460 TH/s of self-mining Hashrate using the latest generation GPU and ASIC miners is expected to contribute USD$343,930.07 per month in self-mining revenue for CryptoStar.
(Source: https://whattomine.com/ Mining metrics are calculated based on and ETH - USD exchange rate of 1 ETH = $1,836.01 and a BTC - USD exchange rate of 1 BTC = $58,973.49 updated at 2021-03-30 11:07:01 UTC).

David Jellins, President and Chief Executive Officer of CryptoStar states, "We are delighted to be adding self-mining Hashrate using this highly sought-after GPU and ASIC mining equipment. We are looking forward to taking delivery of the additional GPU and ASIC miners from our Vendor and from our additional suppliers. We are also looking forward to self-mining on a larger scale as we continue to add further self-mining Hashrate throughout the remainder of 2021 and beyond. The Company has transitioned from a self-mining, Bitcoin only, company to a self-miner of both Bitcoin and Ethereum and CryptoStar is now able to host in Alberta, Canada for cryptocurrency mining customers from around the globe at amongst the lowest power rates available in North America."

About CryptoStar Corp.:

CryptoStar has cryptocurrency mining operations with data centres located in the U.S.A. and Canada. CryptoStar is currently dedicated to becoming one of the lowest cost hosting and cryptocurrency producers in North America and a major supplier of GPU and ASIC miners worldwide.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

This news release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as, "expects", "is expected", "anticipates", "intends", "believes", or variations of such words and phrases or state that certain actions, events or results "may" or "will" be taken, occur or be achieved. Forward-looking statements include those relating to the Transaction and the Purchases including completion of the Transaction and approval of the TSXV thereof, the payment of the Finder's Fee, the time to deliver the GPU and ASIC miners, the expected revenue generating capabilities of the GPU and ASIC miners, and CryptoStar's plans to continue to further expand its self-mining inventory of mining hardware and self-mine on a larger scale. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances. Actual results, performance or achievement could differ materially from that expressed in, or implied by, any forward-looking statements in this press release, and, accordingly, you should not place undue reliance on any such forward-looking statements and they are not guarantees of future results. Forward-looking statements involve significant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to differ materially from those expressed or implied in any forward looking statements. Except as required by law, CryptoStar undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE CryptoStar Corp.


Copyright 2021 Canada NewsWire

Cryptostar CSTR.V News

CryptoStar Corp. Renegotiates Definitive Agreement with Hong Kong Based Company and Announces Purchase of Additional Mining H...
March 30 2021 - 08:52AM
PR Newswire (Canada)
TSXV: CSTR

TORONTO, March 30, 2021 /CNW/ - CryptoStar Corp. (TSXV: CSTR) ("CryptoStar" or the "Company"), a cryptocurrency mining and data centre operator, is pleased to announce that, further to the execution of a definitive agreement announced on March 8, 2021, the Company and a Hong Kong based company (the "Vendor") have renegotiated an equipment purchase agreement (the "Definitive Agreement") effective March 7, 2021 to acquire a combination of GPU and ASIC miners in exchange for 5,927,151 units ("Units") of the Company at a deemed value of CAD$1,422,516.24 (the "Transaction"). The Company will issue an additional 355,629 Units (the "Finder's Fee") to Chen Peifeng in connection with Transaction. As compared to the terms announced on March 8, 2021, the renegotiation represents a 25.5% reduction in the deemed value of the Definitive Agreement and a 25.5% reduction in the number of Units to be exchanged.

Each Unit consists of one common share of CryptoStar (a "Common Share") and one common share purchase warrant of CryptoStar (a "Warrant"). Each Warrant entitles the holder to acquire one Common Share at a price of CAD $0.36 per Common Share for a period of 18 months from the date of issue.

The Transaction, including payment of the Finder's Fee, is subject to TSX Venture Exchange (the "TSXV") approval.

Highlights of the Transaction:

The Vendor will deliver GPU and ASIC miners capable of an approximate total Hashrate of 25,950 MH/s and 5,510 TH/s respectively.
It is anticipated that the GPU and ASIC miners will be delivered to CryptoStar's data centres in Alberta, Canada within 14 days.
The deployment of 25,950 MH/s and 5,510 TH/s of Hashrate using the latest generation GPU and ASIC miners is expected to contribute USD$138,908.35 per month in self-mining revenue for CryptoStar. CryptoStar plans to continue to further expand its self-mining inventory of mining hardware.
(Source: https://whattomine.com/ Mining metrics are calculated based on and ETH - USD exchange rate of 1 ETH = $1,836.01 and a BTC - USD exchange rate of 1 BTC = $58,973.49 updated at 2021-03-30 11:07:01 UTC).
CryptoStar is also pleased to announce that the Company has purchased additional mining Hashrate from additional suppliers (the "Purchases").

Highlights of the Purchases:

The additional suppliers will deliver GPU and ASIC miners capable of an approximate total Hashrate of 24,000 MH/s and 11,950 TH/s respectively.
It is anticipated that the GPU miners will be delivered to CryptoStar's data centres in Alberta within 21 days and the ASIC miners are scheduled for delivery by the end of May 2021.
The deployment of 24,000 MH/s and 11,950 TH/s of additional mining Hashrate using the latest generation GPU and ASIC miners is expected to contribute an additional USD$205,021.72 per month in self-mining revenue for CryptoStar. CryptoStar plans to continue to further expand its self-mining inventory of mining hardware.
(Source: https://whattomine.com/ Mining metrics are calculated based on and ETH - USD exchange rate of 1 ETH = $1,836.01 and a BTC - USD exchange rate of 1 BTC = $58,973.49 updated at 2021-03-30 11:07:01 UTC).
The combined total deployment of 49,950 MH/s and 17,460 TH/s of self-mining Hashrate using the latest generation GPU and ASIC miners is expected to contribute USD$343,930.07 per month in self-mining revenue for CryptoStar.
(Source: https://whattomine.com/ Mining metrics are calculated based on and ETH - USD exchange rate of 1 ETH = $1,836.01 and a BTC - USD exchange rate of 1 BTC = $58,973.49 updated at 2021-03-30 11:07:01 UTC).

David Jellins, President and Chief Executive Officer of CryptoStar states, "We are delighted to be adding self-mining Hashrate using this highly sought-after GPU and ASIC mining equipment. We are looking forward to taking delivery of the additional GPU and ASIC miners from our Vendor and from our additional suppliers. We are also looking forward to self-mining on a larger scale as we continue to add further self-mining Hashrate throughout the remainder of 2021 and beyond. The Company has transitioned from a self-mining, Bitcoin only, company to a self-miner of both Bitcoin and Ethereum and CryptoStar is now able to host in Alberta, Canada for cryptocurrency mining customers from around the globe at amongst the lowest power rates available in North America."

About CryptoStar Corp.:

CryptoStar has cryptocurrency mining operations with data centres located in the U.S.A. and Canada. CryptoStar is currently dedicated to becoming one of the lowest cost hosting and cryptocurrency producers in North America and a major supplier of GPU and ASIC miners worldwide.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

This news release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as, "expects", "is expected", "anticipates", "intends", "believes", or variations of such words and phrases or state that certain actions, events or results "may" or "will" be taken, occur or be achieved. Forward-looking statements include those relating to the Transaction and the Purchases including completion of the Transaction and approval of the TSXV thereof, the payment of the Finder's Fee, the time to deliver the GPU and ASIC miners, the expected revenue generating capabilities of the GPU and ASIC miners, and CryptoStar's plans to continue to further expand its self-mining inventory of mining hardware and self-mine on a larger scale. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances. Actual results, performance or achievement could differ materially from that expressed in, or implied by, any forward-looking statements in this press release, and, accordingly, you should not place undue reliance on any such forward-looking statements and they are not guarantees of future results. Forward-looking statements involve significant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to differ materially from those expressed or implied in any forward looking statements. Except as required by law, CryptoStar undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE CryptoStar Corp.


Copyright 2021 Canada NewsWire

NEWs

CryptoStar Corp. Renegotiates Definitive Agreement with Hong Kong Based Company and Announces Purchase of Additional Mining H...
March 30 2021 - 08:52AM
PR Newswire (Canada)
TSXV: CSTR

TORONTO, March 30, 2021 /CNW/ - CryptoStar Corp. (TSXV: CSTR) ("CryptoStar" or the "Company"), a cryptocurrency mining and data centre operator, is pleased to announce that, further to the execution of a definitive agreement announced on March 8, 2021, the Company and a Hong Kong based company (the "Vendor") have renegotiated an equipment purchase agreement (the "Definitive Agreement") effective March 7, 2021 to acquire a combination of GPU and ASIC miners in exchange for 5,927,151 units ("Units") of the Company at a deemed value of CAD$1,422,516.24 (the "Transaction"). The Company will issue an additional 355,629 Units (the "Finder's Fee") to Chen Peifeng in connection with Transaction. As compared to the terms announced on March 8, 2021, the renegotiation represents a 25.5% reduction in the deemed value of the Definitive Agreement and a 25.5% reduction in the number of Units to be exchanged.

Each Unit consists of one common share of CryptoStar (a "Common Share") and one common share purchase warrant of CryptoStar (a "Warrant"). Each Warrant entitles the holder to acquire one Common Share at a price of CAD $0.36 per Common Share for a period of 18 months from the date of issue.

The Transaction, including payment of the Finder's Fee, is subject to TSX Venture Exchange (the "TSXV") approval.

Highlights of the Transaction:

The Vendor will deliver GPU and ASIC miners capable of an approximate total Hashrate of 25,950 MH/s and 5,510 TH/s respectively.
It is anticipated that the GPU and ASIC miners will be delivered to CryptoStar's data centres in Alberta, Canada within 14 days.
The deployment of 25,950 MH/s and 5,510 TH/s of Hashrate using the latest generation GPU and ASIC miners is expected to contribute USD$138,908.35 per month in self-mining revenue for CryptoStar. CryptoStar plans to continue to further expand its self-mining inventory of mining hardware.
(Source: https://whattomine.com/ Mining metrics are calculated based on and ETH - USD exchange rate of 1 ETH = $1,836.01 and a BTC - USD exchange rate of 1 BTC = $58,973.49 updated at 2021-03-30 11:07:01 UTC).
CryptoStar is also pleased to announce that the Company has purchased additional mining Hashrate from additional suppliers (the "Purchases").

Highlights of the Purchases:

The additional suppliers will deliver GPU and ASIC miners capable of an approximate total Hashrate of 24,000 MH/s and 11,950 TH/s respectively.
It is anticipated that the GPU miners will be delivered to CryptoStar's data centres in Alberta within 21 days and the ASIC miners are scheduled for delivery by the end of May 2021.
The deployment of 24,000 MH/s and 11,950 TH/s of additional mining Hashrate using the latest generation GPU and ASIC miners is expected to contribute an additional USD$205,021.72 per month in self-mining revenue for CryptoStar. CryptoStar plans to continue to further expand its self-mining inventory of mining hardware.
(Source: https://whattomine.com/ Mining metrics are calculated based on and ETH - USD exchange rate of 1 ETH = $1,836.01 and a BTC - USD exchange rate of 1 BTC = $58,973.49 updated at 2021-03-30 11:07:01 UTC).
The combined total deployment of 49,950 MH/s and 17,460 TH/s of self-mining Hashrate using the latest generation GPU and ASIC miners is expected to contribute USD$343,930.07 per month in self-mining revenue for CryptoStar.
(Source: https://whattomine.com/ Mining metrics are calculated based on and ETH - USD exchange rate of 1 ETH = $1,836.01 and a BTC - USD exchange rate of 1 BTC = $58,973.49 updated at 2021-03-30 11:07:01 UTC).

David Jellins, President and Chief Executive Officer of CryptoStar states, "We are delighted to be adding self-mining Hashrate using this highly sought-after GPU and ASIC mining equipment. We are looking forward to taking delivery of the additional GPU and ASIC miners from our Vendor and from our additional suppliers. We are also looking forward to self-mining on a larger scale as we continue to add further self-mining Hashrate throughout the remainder of 2021 and beyond. The Company has transitioned from a self-mining, Bitcoin only, company to a self-miner of both Bitcoin and Ethereum and CryptoStar is now able to host in Alberta, Canada for cryptocurrency mining customers from around the globe at amongst the lowest power rates available in North America."

About CryptoStar Corp.:

CryptoStar has cryptocurrency mining operations with data centres located in the U.S.A. and Canada. CryptoStar is currently dedicated to becoming one of the lowest cost hosting and cryptocurrency producers in North America and a major supplier of GPU and ASIC miners worldwide.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

This news release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as, "expects", "is expected", "anticipates", "intends", "believes", or variations of such words and phrases or state that certain actions, events or results "may" or "will" be taken, occur or be achieved. Forward-looking statements include those relating to the Transaction and the Purchases including completion of the Transaction and approval of the TSXV thereof, the payment of the Finder's Fee, the time to deliver the GPU and ASIC miners, the expected revenue generating capabilities of the GPU and ASIC miners, and CryptoStar's plans to continue to further expand its self-mining inventory of mining hardware and self-mine on a larger scale. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances. Actual results, performance or achievement could differ materially from that expressed in, or implied by, any forward-looking statements in this press release, and, accordingly, you should not place undue reliance on any such forward-looking statements and they are not guarantees of future results. Forward-looking statements involve significant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to differ materially from those expressed or implied in any forward looking statements. Except as required by law, CryptoStar undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE CryptoStar Corp.


Copyright 2021 Canada NewsWire

$WCEXF NEWS/Revenues

accesswire.com/637358/World-Class-Extractions-Reports-Operating-and-Financial-Results-for-the-Nine-Month-Period-Ended-January-31-2021

$PUMP.CN $PUMP $WCEXF

World Class Extractions Reports Operating and Financial Results for the Nine-Month Period Ended January 31, 2021
Thursday, March 25, 2021 3:30 AM
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Topic:
Company Update

World-Class continues to show substantial revenue growth quarter-over-quarter with revenue of $2,649,140 for the quarter ended January 31, 2021 compared to revenue of $75,562 for the quarter ended January 31, 2020

VANCOUVER, BC / ACCESSWIRE / March 25, 2021 / World-Class Extractions Inc. (CSE:PUMP)(FRA:WCF)(OTCQB:WCEXF) (the "Company" or "World-Class"), is pleased to report the operating and financial results for its third quarter ended January 31, 2021.

Financial (unaudited)

Revenue of $2,649,140 for the quarter ended January 31, 2021 compared to $2,289,799 for the quarter ended October 31, 2020 and $75,562 revenue for the quarter ended January 31, 2020 - a 2,653% revenue growth from January 2020 to January 2021. The increase in revenue is primarily attributable to the operations of PED.
Gross margin for the quarter ended January 31, 2021 was 27%, consistent with the gross margin figure for the month of January 2021 reported in the Company's news release dated March 2, 2021, but down slightly from the gross margin figures reported for the individual months of November and December 2020.
The Company had cash at January 31, 2021 of $3,017,799 (April 30, 2020 - $5,632,160).
Working capital as at January 31, 2021 is $911,231.
The Company has long-term debt consisting of $819,216 in non-current portion of lease obligations and $92,061 in non-current loans payable.
The net loss and comprehensive loss for the three months ended January 31, 2021 was $626,878 (as compared to January 31, 2020 of $33,144,218). The loss for the three-month quarter ended January 31, 2021 (with comparisons for the quarter ended January 31, 2020) is mainly attributed to the following:
depreciation and amortization expense of $157,600 (2020 - $775,844), consulting fees of $8,500 (2020 - $132,102),; filing fees of $25,592 (2020 - $26,075); development and research expenses of $97,600 (2020 - $830,180); lease interest of $66,151 (2020 - $42,348); office expense of $140,684 (2020 - $156,933); professional fees of $166,328 (2020 - $195,315); management fees of $55,500 (2020 - $57,675), remuneration and benefits of $544,140 (2020 - $640,550); share-based payments of $11,865 (2020 - $241,131) and impairment loss of $Nil (2020 - 29,364,656)

Company Summary and Highlights

Pineapple Express Delivery Inc.

World-Class holds a controlling interest in Pineapple Express Delivery Inc. ("PED"), a company which offers compliant and secure delivery of government regulated products, including medical and recreational cannabis in Ontario, Manitoba and Saskatchewan, and liquor delivery in certain jurisdictions in Saskatchewan.

Since the Company's acquisition of a controlling interest in PED, PED has achieved the following milestones:

A total of 580,732 cannabis and alcohol deliveries for the nine months ended January 31, 2021 were made. The fluctuations in deliveries quarter over quarter are due to the COVID-19 lockdown measures put in place in the Greater Toronto Area with volumes increasing during these lockdowns. Total deliveries per quarters: 209,676 - three months ended January 31, 2021, 181,569 - three months ended October 31, 2020 and 189,487 - three months ended July 31, 2020.
The number of drivers changed from 55 at the beginning of 2020, to approximately 190 by the end of July 31, 2020, 180 by October 31, 2020 and 200 by January 31, 2021. Efficiencies have also been created by routing deliveries through hub expansions and concentrating drivers to tighter geographical areas, leading to less hours used by drivers for the timely delivery of packages.
Offering same day cannabis delivery service in 37 cities (183 postal code regions) and 3-day service in 65 cities (288 postal code regions) in Ontario, PED expanded cannabis delivery services to Ottawa, Barrie, Kingston, London, and the Windsor/Chatham region.
Expanded liquor delivery services to provide same-day and next-day delivery of wine, spirits and beer products from Saskatoon Co-op's Wine-Spirits-Beer retail stores in Saskatoon, Warman and Martensville.
Partnered with Medical Cannabis by Shoppers™ to offer same-day delivery to their medical cannabis patients in cities in and around the Greater Toronto Area (GTA).
Partnered with Spectrum Therapeutics, the medical division of Canopy Growth Corporation to bring same-day delivery to medical cannabis patients in the GTA.
Partnered with CannTrust Inc. to provide deliveries for estoraTM medical cannabis products to CannTrust patients in Ontario, under the name "Trust Delivery - Powered by Pineapple Express".
Several contracts in place with Health Canada license holders for delivery within select provinces in Canada (B2B cannabis delivery services).
Late-stage applicant to Health Canada to obtain a ‘Sale for Medical Purposes' license for its facility located in the GTA. With a population of 6-million people, this sales license gives PED the ability to store inventory for other license holders, allowing PED to leverage its facility in the GTA and offer same day delivery services to the patients of those LPs.

The Company cautions that figures for revenue, gross margin, and number of deliveries generated from the services offered by Pineapple Express Delivery have not been audited beyond April 30, 2020 and any monthly updates are based on calculations prepared by the Company and management of Pineapple Express Delivery. Actual results may differ from those reported in this release once figures have been audited.

Soma Labs

The Company's subsidiary, Soma Labs Scientific Inc. ("Soma"), has focused on production, quality and compliance of systems, technologies, processes and procedures for cannabis and hemp extraction and processing, including the BOSS CO2 Extraction System and the BEAST Ethanol Extraction System. World-Class continues to focus on monetizing its Soma Labs' assets, including the extraction and processing systems, technology and processes to produce cannabis and hemp concentrates and end-products.

Patent Applications and Information

The Company has previously filed, and will continue to file, patent applications directed to its proprietary systems and methods for producing cannabis and hemp extracts. Such systems and methods are believed to be novel and non-obvious, based on the ability of the World-Class Technologies to produce extracts that have substantially greater concentrations of target cannabinoids and possess minimal contaminants. Additional advantages of the World-Class Technologies include the ability to process very large volumes of cannabis and hemp plant material.

The United States Patent and Trademark Office ("USPTO") has awarded the Company the following U.S. Patents:

U.S. Patent No. 10,851,077, issued on December 1, 2020 in relation to the Company's methods for extracting and concentrating cannabinoids and other target compounds from cannabis using ultrasound-enhanced solvent extraction. WCE's patented plant processing technology allows for prompt cannabinoid extraction following harvest, including the root and all other parts of the hemp plant and further utilizes ethanol for extraction, as opposed to the use of toxic hydrocarbon solvents. WCE's patented process additionally uses precisely focused ultrasound to release cannabinoids from the hemp plant that produces CBD yields that are believed to be among the highest in the industry while also minimizing biomass waste and solvent usage.
U.S. Patent No. 10,946,306, issued on March 16, 2021 in relation to the Company's methods for the systematic extraction and concentration of cannabinoids and other target compounds via solvent extraction from large scale harvests of cannabis and hemp crops. World-Class' patent process minimizes energy consumption, conserves the volume of solvent utilized in the extraction process, and maximizes the quantity of cannabinoids sought to be extracted on a large-scale, commercial basis, than other known cannabinoid extraction techniques.

These patents continue to supplement World-Class' goal to achieve the most sustainable, efficient, and economical method of large-scale commercial production of cannabis plant material.

Update regarding Cobra Ventures & HydRx Farms Debenture Investment

During the period ended January 31, 2021, World-Class provided a $2.5M loan to Cobra Ventures Inc. ("Cobra") with respect to a debenture purchase of HydRx Farms Ltd. operating as Scientus Pharma("HydRx"). World-Class subsequently sold its 50% interest in Cobra to the remaining shareholder of Cobra, the sale of which included the receipt of all funds ($2.5 million) previously advanced by World-Class to Cobra. The World-Class loan was paid out in full, and World-Class has no further interest in Cobra and no ongoing role or involvement with HydRx or the HydRx debenture.

About World-Class Extractions Inc.

World-Class is an innovation-driven company with a principle focus on the rapidly evolving cannabis and hemp industries. World-Class offers compliant and secure delivery of government regulated products through its subsidiary Pineapple Express Delivery Inc., including medical and recreational cannabis in Ontario, Manitoba and Saskatchewan, and liquor delivery in certain jurisdictions in Saskatchewan. World-Class continues to investigate opportunities to deploy and manage custom-built extraction centres utilizing its custom systems, technology, and processes to efficiently produce high-quality cannabis and hemp concentrates and end-products.

Contact

World-Class Investor Relations
1-437-266-1968
ir@worldclassextractions.com
https://worldclassextractions.com

Neither the Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management of the Company.

Cautionary Note Regarding Forward-Looking Statements

All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to the Company within the meaning of applicable securities laws, including with respect to the deployment of extraction and processing systems for cannabis and hemp and the ability of Pineapple Express Delivery to expand its delivery services and to provide discrete shipment of products. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company's public filings under the Company's SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

accesswire.com/637358/World-Class-Extractions-Reports-Operating-and-Financial-Results-for-the-Nine-Month-Period-Ended-January-31-2021

$PUMP.CN $PUMP $WCEXF

World Class Extractions Reports Operating and Financial Results for the Nine-Month Period Ended January 31, 2021
Thursday, March 25, 2021 3:30 AM
Share this article now
Topic:
Company Update

World-Class continues to show substantial revenue growth quarter-over-quarter with revenue of $2,649,140 for the quarter ended January 31, 2021 compared to revenue of $75,562 for the quarter ended January 31, 2020

VANCOUVER, BC / ACCESSWIRE / March 25, 2021 / World-Class Extractions Inc. (CSE:PUMP)(FRA:WCF)(OTCQB:WCEXF) (the "Company" or "World-Class"), is pleased to report the operating and financial results for its third quarter ended January 31, 2021.

Financial (unaudited)

Revenue of $2,649,140 for the quarter ended January 31, 2021 compared to $2,289,799 for the quarter ended October 31, 2020 and $75,562 revenue for the quarter ended January 31, 2020 - a 2,653% revenue growth from January 2020 to January 2021. The increase in revenue is primarily attributable to the operations of PED.
Gross margin for the quarter ended January 31, 2021 was 27%, consistent with the gross margin figure for the month of January 2021 reported in the Company's news release dated March 2, 2021, but down slightly from the gross margin figures reported for the individual months of November and December 2020.
The Company had cash at January 31, 2021 of $3,017,799 (April 30, 2020 - $5,632,160).
Working capital as at January 31, 2021 is $911,231.
The Company has long-term debt consisting of $819,216 in non-current portion of lease obligations and $92,061 in non-current loans payable.
The net loss and comprehensive loss for the three months ended January 31, 2021 was $626,878 (as compared to January 31, 2020 of $33,144,218). The loss for the three-month quarter ended January 31, 2021 (with comparisons for the quarter ended January 31, 2020) is mainly attributed to the following:
depreciation and amortization expense of $157,600 (2020 - $775,844), consulting fees of $8,500 (2020 - $132,102),; filing fees of $25,592 (2020 - $26,075); development and research expenses of $97,600 (2020 - $830,180); lease interest of $66,151 (2020 - $42,348); office expense of $140,684 (2020 - $156,933); professional fees of $166,328 (2020 - $195,315); management fees of $55,500 (2020 - $57,675), remuneration and benefits of $544,140 (2020 - $640,550); share-based payments of $11,865 (2020 - $241,131) and impairment loss of $Nil (2020 - 29,364,656)

Company Summary and Highlights

Pineapple Express Delivery Inc.

World-Class holds a controlling interest in Pineapple Express Delivery Inc. ("PED"), a company which offers compliant and secure delivery of government regulated products, including medical and recreational cannabis in Ontario, Manitoba and Saskatchewan, and liquor delivery in certain jurisdictions in Saskatchewan.

Since the Company's acquisition of a controlling interest in PED, PED has achieved the following milestones:

A total of 580,732 cannabis and alcohol deliveries for the nine months ended January 31, 2021 were made. The fluctuations in deliveries quarter over quarter are due to the COVID-19 lockdown measures put in place in the Greater Toronto Area with volumes increasing during these lockdowns. Total deliveries per quarters: 209,676 - three months ended January 31, 2021, 181,569 - three months ended October 31, 2020 and 189,487 - three months ended July 31, 2020.
The number of drivers changed from 55 at the beginning of 2020, to approximately 190 by the end of July 31, 2020, 180 by October 31, 2020 and 200 by January 31, 2021. Efficiencies have also been created by routing deliveries through hub expansions and concentrating drivers to tighter geographical areas, leading to less hours used by drivers for the timely delivery of packages.
Offering same day cannabis delivery service in 37 cities (183 postal code regions) and 3-day service in 65 cities (288 postal code regions) in Ontario, PED expanded cannabis delivery services to Ottawa, Barrie, Kingston, London, and the Windsor/Chatham region.
Expanded liquor delivery services to provide same-day and next-day delivery of wine, spirits and beer products from Saskatoon Co-op's Wine-Spirits-Beer retail stores in Saskatoon, Warman and Martensville.
Partnered with Medical Cannabis by Shoppers™ to offer same-day delivery to their medical cannabis patients in cities in and around the Greater Toronto Area (GTA).
Partnered with Spectrum Therapeutics, the medical division of Canopy Growth Corporation to bring same-day delivery to medical cannabis patients in the GTA.
Partnered with CannTrust Inc. to provide deliveries for estoraTM medical cannabis products to CannTrust patients in Ontario, under the name "Trust Delivery - Powered by Pineapple Express".
Several contracts in place with Health Canada license holders for delivery within select provinces in Canada (B2B cannabis delivery services).
Late-stage applicant to Health Canada to obtain a ‘Sale for Medical Purposes' license for its facility located in the GTA. With a population of 6-million people, this sales license gives PED the ability to store inventory for other license holders, allowing PED to leverage its facility in the GTA and offer same day delivery services to the patients of those LPs.

The Company cautions that figures for revenue, gross margin, and number of deliveries generated from the services offered by Pineapple Express Delivery have not been audited beyond April 30, 2020 and any monthly updates are based on calculations prepared by the Company and management of Pineapple Express Delivery. Actual results may differ from those reported in this release once figures have been audited.

Soma Labs

The Company's subsidiary, Soma Labs Scientific Inc. ("Soma"), has focused on production, quality and compliance of systems, technologies, processes and procedures for cannabis and hemp extraction and processing, including the BOSS CO2 Extraction System and the BEAST Ethanol Extraction System. World-Class continues to focus on monetizing its Soma Labs' assets, including the extraction and processing systems, technology and processes to produce cannabis and hemp concentrates and end-products.

Patent Applications and Information

The Company has previously filed, and will continue to file, patent applications directed to its proprietary systems and methods for producing cannabis and hemp extracts. Such systems and methods are believed to be novel and non-obvious, based on the ability of the World-Class Technologies to produce extracts that have substantially greater concentrations of target cannabinoids and possess minimal contaminants. Additional advantages of the World-Class Technologies include the ability to process very large volumes of cannabis and hemp plant material.

The United States Patent and Trademark Office ("USPTO") has awarded the Company the following U.S. Patents:

U.S. Patent No. 10,851,077, issued on December 1, 2020 in relation to the Company's methods for extracting and concentrating cannabinoids and other target compounds from cannabis using ultrasound-enhanced solvent extraction. WCE's patented plant processing technology allows for prompt cannabinoid extraction following harvest, including the root and all other parts of the hemp plant and further utilizes ethanol for extraction, as opposed to the use of toxic hydrocarbon solvents. WCE's patented process additionally uses precisely focused ultrasound to release cannabinoids from the hemp plant that produces CBD yields that are believed to be among the highest in the industry while also minimizing biomass waste and solvent usage.
U.S. Patent No. 10,946,306, issued on March 16, 2021 in relation to the Company's methods for the systematic extraction and concentration of cannabinoids and other target compounds via solvent extraction from large scale harvests of cannabis and hemp crops. World-Class' patent process minimizes energy consumption, conserves the volume of solvent utilized in the extraction process, and maximizes the quantity of cannabinoids sought to be extracted on a large-scale, commercial basis, than other known cannabinoid extraction techniques.

These patents continue to supplement World-Class' goal to achieve the most sustainable, efficient, and economical method of large-scale commercial production of cannabis plant material.

Update regarding Cobra Ventures & HydRx Farms Debenture Investment

During the period ended January 31, 2021, World-Class provided a $2.5M loan to Cobra Ventures Inc. ("Cobra") with respect to a debenture purchase of HydRx Farms Ltd. operating as Scientus Pharma("HydRx"). World-Class subsequently sold its 50% interest in Cobra to the remaining shareholder of Cobra, the sale of which included the receipt of all funds ($2.5 million) previously advanced by World-Class to Cobra. The World-Class loan was paid out in full, and World-Class has no further interest in Cobra and no ongoing role or involvement with HydRx or the HydRx debenture.

About World-Class Extractions Inc.

World-Class is an innovation-driven company with a principle focus on the rapidly evolving cannabis and hemp industries. World-Class offers compliant and secure delivery of government regulated products through its subsidiary Pineapple Express Delivery Inc., including medical and recreational cannabis in Ontario, Manitoba and Saskatchewan, and liquor delivery in certain jurisdictions in Saskatchewan. World-Class continues to investigate opportunities to deploy and manage custom-built extraction centres utilizing its custom systems, technology, and processes to efficiently produce high-quality cannabis and hemp concentrates and end-products.

Contact

World-Class Investor Relations
1-437-266-1968
ir@worldclassextractions.com
https://worldclassextractions.com

Neither the Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management of the Company.

Cautionary Note Regarding Forward-Looking Statements

All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to the Company within the meaning of applicable securities laws, including with respect to the deployment of extraction and processing systems for cannabis and hemp and the ability of Pineapple Express Delivery to expand its delivery services and to provide discrete shipment of products. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company's public filings under the Company's SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

accesswire.com/637358/World-Class-Extractions-Reports-Operating-and-Financial-Results-for-the-Nine-Month-Period-Ended-January-31-2021

$PUMP.CN $PUMP $WCEXF

World Class Extractions Reports Operating and Financial Results for the Nine-Month Period Ended January 31, 2021
Thursday, March 25, 2021 3:30 AM
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Topic:
Company Update

World-Class continues to show substantial revenue growth quarter-over-quarter with revenue of $2,649,140 for the quarter ended January 31, 2021 compared to revenue of $75,562 for the quarter ended January 31, 2020

VANCOUVER, BC / ACCESSWIRE / March 25, 2021 / World-Class Extractions Inc. (CSE:PUMP)(FRA:WCF)(OTCQB:WCEXF) (the "Company" or "World-Class"), is pleased to report the operating and financial results for its third quarter ended January 31, 2021.

Financial (unaudited)

Revenue of $2,649,140 for the quarter ended January 31, 2021 compared to $2,289,799 for the quarter ended October 31, 2020 and $75,562 revenue for the quarter ended January 31, 2020 - a 2,653% revenue growth from January 2020 to January 2021. The increase in revenue is primarily attributable to the operations of PED.
Gross margin for the quarter ended January 31, 2021 was 27%, consistent with the gross margin figure for the month of January 2021 reported in the Company's news release dated March 2, 2021, but down slightly from the gross margin figures reported for the individual months of November and December 2020.
The Company had cash at January 31, 2021 of $3,017,799 (April 30, 2020 - $5,632,160).
Working capital as at January 31, 2021 is $911,231.
The Company has long-term debt consisting of $819,216 in non-current portion of lease obligations and $92,061 in non-current loans payable.
The net loss and comprehensive loss for the three months ended January 31, 2021 was $626,878 (as compared to January 31, 2020 of $33,144,218). The loss for the three-month quarter ended January 31, 2021 (with comparisons for the quarter ended January 31, 2020) is mainly attributed to the following:
depreciation and amortization expense of $157,600 (2020 - $775,844), consulting fees of $8,500 (2020 - $132,102),; filing fees of $25,592 (2020 - $26,075); development and research expenses of $97,600 (2020 - $830,180); lease interest of $66,151 (2020 - $42,348); office expense of $140,684 (2020 - $156,933); professional fees of $166,328 (2020 - $195,315); management fees of $55,500 (2020 - $57,675), remuneration and benefits of $544,140 (2020 - $640,550); share-based payments of $11,865 (2020 - $241,131) and impairment loss of $Nil (2020 - 29,364,656)

Company Summary and Highlights

Pineapple Express Delivery Inc.

World-Class holds a controlling interest in Pineapple Express Delivery Inc. ("PED"), a company which offers compliant and secure delivery of government regulated products, including medical and recreational cannabis in Ontario, Manitoba and Saskatchewan, and liquor delivery in certain jurisdictions in Saskatchewan.

Since the Company's acquisition of a controlling interest in PED, PED has achieved the following milestones:

A total of 580,732 cannabis and alcohol deliveries for the nine months ended January 31, 2021 were made. The fluctuations in deliveries quarter over quarter are due to the COVID-19 lockdown measures put in place in the Greater Toronto Area with volumes increasing during these lockdowns. Total deliveries per quarters: 209,676 - three months ended January 31, 2021, 181,569 - three months ended October 31, 2020 and 189,487 - three months ended July 31, 2020.
The number of drivers changed from 55 at the beginning of 2020, to approximately 190 by the end of July 31, 2020, 180 by October 31, 2020 and 200 by January 31, 2021. Efficiencies have also been created by routing deliveries through hub expansions and concentrating drivers to tighter geographical areas, leading to less hours used by drivers for the timely delivery of packages.
Offering same day cannabis delivery service in 37 cities (183 postal code regions) and 3-day service in 65 cities (288 postal code regions) in Ontario, PED expanded cannabis delivery services to Ottawa, Barrie, Kingston, London, and the Windsor/Chatham region.
Expanded liquor delivery services to provide same-day and next-day delivery of wine, spirits and beer products from Saskatoon Co-op's Wine-Spirits-Beer retail stores in Saskatoon, Warman and Martensville.
Partnered with Medical Cannabis by Shoppers™ to offer same-day delivery to their medical cannabis patients in cities in and around the Greater Toronto Area (GTA).
Partnered with Spectrum Therapeutics, the medical division of Canopy Growth Corporation to bring same-day delivery to medical cannabis patients in the GTA.
Partnered with CannTrust Inc. to provide deliveries for estoraTM medical cannabis products to CannTrust patients in Ontario, under the name "Trust Delivery - Powered by Pineapple Express".
Several contracts in place with Health Canada license holders for delivery within select provinces in Canada (B2B cannabis delivery services).
Late-stage applicant to Health Canada to obtain a ‘Sale for Medical Purposes' license for its facility located in the GTA. With a population of 6-million people, this sales license gives PED the ability to store inventory for other license holders, allowing PED to leverage its facility in the GTA and offer same day delivery services to the patients of those LPs.

The Company cautions that figures for revenue, gross margin, and number of deliveries generated from the services offered by Pineapple Express Delivery have not been audited beyond April 30, 2020 and any monthly updates are based on calculations prepared by the Company and management of Pineapple Express Delivery. Actual results may differ from those reported in this release once figures have been audited.

Soma Labs

The Company's subsidiary, Soma Labs Scientific Inc. ("Soma"), has focused on production, quality and compliance of systems, technologies, processes and procedures for cannabis and hemp extraction and processing, including the BOSS CO2 Extraction System and the BEAST Ethanol Extraction System. World-Class continues to focus on monetizing its Soma Labs' assets, including the extraction and processing systems, technology and processes to produce cannabis and hemp concentrates and end-products.

Patent Applications and Information

The Company has previously filed, and will continue to file, patent applications directed to its proprietary systems and methods for producing cannabis and hemp extracts. Such systems and methods are believed to be novel and non-obvious, based on the ability of the World-Class Technologies to produce extracts that have substantially greater concentrations of target cannabinoids and possess minimal contaminants. Additional advantages of the World-Class Technologies include the ability to process very large volumes of cannabis and hemp plant material.

The United States Patent and Trademark Office ("USPTO") has awarded the Company the following U.S. Patents:

U.S. Patent No. 10,851,077, issued on December 1, 2020 in relation to the Company's methods for extracting and concentrating cannabinoids and other target compounds from cannabis using ultrasound-enhanced solvent extraction. WCE's patented plant processing technology allows for prompt cannabinoid extraction following harvest, including the root and all other parts of the hemp plant and further utilizes ethanol for extraction, as opposed to the use of toxic hydrocarbon solvents. WCE's patented process additionally uses precisely focused ultrasound to release cannabinoids from the hemp plant that produces CBD yields that are believed to be among the highest in the industry while also minimizing biomass waste and solvent usage.
U.S. Patent No. 10,946,306, issued on March 16, 2021 in relation to the Company's methods for the systematic extraction and concentration of cannabinoids and other target compounds via solvent extraction from large scale harvests of cannabis and hemp crops. World-Class' patent process minimizes energy consumption, conserves the volume of solvent utilized in the extraction process, and maximizes the quantity of cannabinoids sought to be extracted on a large-scale, commercial basis, than other known cannabinoid extraction techniques.

These patents continue to supplement World-Class' goal to achieve the most sustainable, efficient, and economical method of large-scale commercial production of cannabis plant material.

Update regarding Cobra Ventures & HydRx Farms Debenture Investment

During the period ended January 31, 2021, World-Class provided a $2.5M loan to Cobra Ventures Inc. ("Cobra") with respect to a debenture purchase of HydRx Farms Ltd. operating as Scientus Pharma("HydRx"). World-Class subsequently sold its 50% interest in Cobra to the remaining shareholder of Cobra, the sale of which included the receipt of all funds ($2.5 million) previously advanced by World-Class to Cobra. The World-Class loan was paid out in full, and World-Class has no further interest in Cobra and no ongoing role or involvement with HydRx or the HydRx debenture.

About World-Class Extractions Inc.

World-Class is an innovation-driven company with a principle focus on the rapidly evolving cannabis and hemp industries. World-Class offers compliant and secure delivery of government regulated products through its subsidiary Pineapple Express Delivery Inc., including medical and recreational cannabis in Ontario, Manitoba and Saskatchewan, and liquor delivery in certain jurisdictions in Saskatchewan. World-Class continues to investigate opportunities to deploy and manage custom-built extraction centres utilizing its custom systems, technology, and processes to efficiently produce high-quality cannabis and hemp concentrates and end-products.

Contact

World-Class Investor Relations
1-437-266-1968
ir@worldclassextractions.com
https://worldclassextractions.com

Neither the Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management of the Company.

Cautionary Note Regarding Forward-Looking Statements

All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to the Company within the meaning of applicable securities laws, including with respect to the deployment of extraction and processing systems for cannabis and hemp and the ability of Pineapple Express Delivery to expand its delivery services and to provide discrete shipment of products. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company's public filings under the Company's SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

stock has a small following on stocktwits (1792 watching) and has had a previous spike.

I am awaiting information on whether they have an investors package as their website doesn't give a lot of info on the stock.

they seem to do their own mining but will also sell you a mining rig and essentially run it for you.

360,000,000 roughly shares outstanding.

plans for multiple mining centers.

Regards,

Draego

slowing volume over the last several sessions compared to the peak and the
stabilizing price at this level most likely showing that selling pressure is easing off.

IMHO only this may indicate that a significant amount of the float is locked up with investors waiting for information on share retirement and potential business changes

as for the court case/share retirement, on March 10, 2021 there were two events added to the docket that to this day have not yet passed through redaction to be posted so we only know that two filings occurred we don't know what they are.

Another event was added to the docket today, again no notice of what it may be and the item is also awaiting redaction prior to uploading.

Things are happening.......just not "immediate gratification" type things.

Regards

Draego

I'd suggest that unfortunately some things trump charting

1 - staged manipulation down to shake the tree to get cheaper shares, and the lvl 2 definitely was bumping up and down .10 at a time when shares dried up with buying of the dump

2 - a larger holder decided they were out and dumped at bid to move on to another play

neither can be predicted (as far as i know) and watching continuation or recovery rest of day may give us an idea of what this was.

my money is on a shake on news to try and get cheap shares.

but its all just imho

regards

Draego

Looking for crypto plays given the current environment.

found this one.

worth a look

more DD as i find it.

Draego

this is my opinion only.

a couple of months ago, seeing how many low otc CE and limited tickers were popping, i used OTC markets to do a search.

sure enough, i found a lot of tickers that had been frontloaded within the past 5 weeks. they hadn't jumped yet.

i considered loading a few, but just couldn't bring myself to do it.

every one of them has had 10x-20x runs as twitter went through them......hindsite, right??????


This one shows no sign of front loading that i can see......probabaly because it wasn't in trips.

so the pumpers avoid it as they cant get in super cheap, and right now the market is being dominated by pumps and pumpers (more than usual)

if we actually get some eyes that can see the current revenues being produced and the prospects of this company, we will jump. but right now i believe most 'players' are looking for the one big score and following like sheep from one to the next on twitter.

IMHO only

regards,

Draego

Current market situation....

"I have $16million in BTC, investments in profitable sectors, am turning a profit, and am current on two stock exchanges and trading far below market value"

meh

"according to the chart i was frontloaded at 0.001 5 months ago, I have vague business intents, 10 billion shares outstanding, and years of losses while not being current with vague promises of getting current, and am beinG pumped on twitter"
SIGN ME UP!

KHRIF/HODL is a huge bargain, it makes no sense that it is so overlooked. Company needs to do a better job of informing (not pumping) investors across north america for both markets they trade in of what they do and how they make money, and perhaps we will see some interest.

Regards,

Draego

$WCEXF // $PUMP.cse - cannabis play and holding company very low price. Making revenue from partially owned subsidiaries. the DD is worth checking out. Linked company, Pineapple Express Delivery, has increasing revenues month over month since last February and contracts/agreements with Canopy and Shopper's drug mart.

as a Canadian a nice low priced spec play for TFSA as well.....

has some awareness but a cursory look at the chart volume seems to indicate there has not been an overly aggressive preloading of shares by anyone prior to this being 'discovered'.


investors hub forum:

https://investorshub.advfn.com/World-Class-Extractions-Inc-WCEXF-39092/



Regards,

Draego

$WCEXF // $PUMP.cse - cannabis play and holding company very low price. Making revenue from partially owned subsidiaries. the DD is worth checking out. Linked company, Pineapple Express Delivery, has increasing revenues month over month since last February and contracts/agreements with Canopy and Shopper's drug mart.

as a Canadian a nice low priced spec play for TFSA as well.....

has some awareness but a cursory look at the chart volume seems to indicate there has not been an overly aggressive preloading of shares by anyone prior to this being 'discovered'.


investors hub forum:

https://investorshub.advfn.com/World-Class-Extractions-Inc-WCEXF-39092/



Regards,

Draego

Exactly.

very likely that at MOST 20 million could have been converted at any time since the stock eclipsed 0.01. and if that is the increase in o/s we are seeing, next time we get financial updates we should see those notes as having been converted.

base don their last financials anyway.

or at least get an answer as to why o/s increased.

yep never be a true believer.

math the heck out of it.

as per last financials available, 7 convertible notes.

4 notes, totaling about $55000, convertible at 50% discount to lowest price last 10 trading days. so lets even give a discount to a penny. this would give out 5,500,000 shares.

3 notes, totaling about $75000, convertible at same rate OR 0.005. so lets say 0.005 which is 15,000,000

so likely 20M shares can be converted.

they could have 6.5 BILLION more debt but if its not in a convertible note it doesn't get converted.

on top of that;

A/S still 495,000,000 - not sure it is even possible for them to convert "billions"

Math. its your friend.

that said i'd like them to get current with filing.

not material news. just any updates - tweets/podcasts/etc - the stuff that gets investors interested and looking into the material aspects of the company.

but if they could time the closing of material developments such that they occurred in what may be more of a 'down' news time in the overall market (week after a major earnings release period) - wouldn't be a bad thing in my opinion. not saying this is even possible but timing can be as important as news....

Good morning all.

I'm mainly a lurker as i have not posted to IH for about 9 years but i have 300k shares that i plan on holding for quite a while yet.

just wanted to chime in - I know we all want a steady stream of news, but when you think about it - this may not have been the week.

I'm not talking about the whole market vs reddit debacle either - given it is a heavy earnings reporting week for some huge stocks, anything SIRC would have put out was very likely to be overshadowed.....

waiting until next week to address the market as it comes down off its earnings week 'high' with the podcast and likely news (hoping) seems much more likely to have an impact.

the fact this will also move our (hopeful) news/information away from the GME/Robinhood/wallstreetbets issues that are coming to a head this week is a happy coincidence i believe.

IF I'm right, then our management isn't just looking at dumping news on us, but they are making an effort to time it correctly....which bodes well for all of us.

GLTA

Draego

Link to Company Website:

Tomagold

TSX:LOT -Tomagold Corporation - not sure if anyone here is interested in Canadian stocks, but low OS 41m likely low floater just released news mining 5.7m at 237g/T = about 7.5 oz/ton, one hole, more holes to be assayed so likely further news in next few weeks. up big today.

v.LOT - tsx - huge bonanza grade gold discovery in range of 7oz/ton news out

Low OS 41m shares, moving up quick on big gold strike news, first of several drill holes to be analyzed, mor enews pending as more results come in.

Looks like it could be a solid play.

Unfortunately, while the differences are large, the fundamental issue remains...

at least IMHO...

some of these tree huggers will fight any and I mean ANY form of utilization of natural resources. I honestly do not think they will be happy to we are back in hunter-gatherer stone age mode.

I am all for environemntal responsibility. don't get me wrong. And it may cost a bit more, but i believe most resources can be obtained in an environmentally responsible fashion...with appropriate oversight from the government.

When the governments 'oversight' results in killing a project due to not calculating in the emissions of one extra ice breaking vessel...i mean, you have to be kidding me.... but they are halting oil drilling based on the emissions of one boat???? I don't care how big it is, unless the prevailign winds always blow to this town of 245 people, i don't think one boat makes a big difference....please someone correct me if i'm wrong...


but back to my point. These militant granola-eating tree-fhuggers will oppose anything on any grounds....and they are somehow winding their way into influential positions throughout North America.

I agree it is cause for alarm from those of us who do NOT want to see the united states and canada reduced to third world status, sitting on trillions in assets we will not permit ourselves to use.

If this keeps up, we better all learn mandarin. And I seriously doubt the chinese government will worry about salmon breeding grounds.

This poster's news reference is valid as it illustrates the kind of people who LBSR and NAK are up aagainst. Forewarned is forearmed.

Draego

now those are very good questions.

We have SPECULATED they added Mr. Kahn for his likely list of contacts, but I agree we do not know how much impact he has had yet.

Draego

perhaps someone wold take the time to converse with you if you did not phrase all of your comments in such a manner as to suggest holders of this stock are ignorant of the potential pitfalls of investing in OTC securites.

the fact that with every downtick of this stock you post messages which, intentionally or not, appear to 'revel' in the decline may be what is causing other posters to dismiss any of your requests for information or enlightenment about the potential of this or any other security you may be investigating.

Perhaps in the future if you phrased your comments in a less condescending manner other posters would take you more seriously.

While I agree simply cheerleading a stock is useless messageboard nonsense, showing up on a board and introducing yourself to it by suggesting the security is a POS that is already overvalued and never going anywhere without posting one iota of supporting information is just as useless if not more so.

I hope you continue posting your view, but do hope you would attempt to do it in a less condescending and more constructive manner. linking or posting relevant supporting material for your comments is always a great start.

How can it be surprising when unsupported inflammatory rhetoric is either responded to with similar tact or ignored altogether?

My personal opinion is that infrax is attempting to position themselves as a candidate for a significnat buyout buy a larger energy or telecom provider. they are trying to add businesses that add to their appeal to a larger utility. I may be wrong, but at least I have done my homework to understand something about what i am investing in, and have attempted to discern for myself the direction the company may be headed.

Have you?

Regards,

Draego

then don't buy.

There is no mention of QSGIQ on that site.

you realize fraud is a criminal offence, correct?

only a bit, not at the top as i admit i did not think we would see 67% retracement, dumped 1/10 of my holdings there at the high point of the bounce in case it hit a new low so i could add more freebies for the inevitable trip back upwards...

thought i would firm up the bid here for a bit with some of the excess since the other 'kid' may be firming up to move higher...and i still have 9/10 of what i was holding which was all 'free' anyways.

IFXY has seldom gone this long without an update....I added here today with a hunch that our next PR may be big...i.e. multiple updates on multiple fronts....don't get me wrong anybody I have no actual info on this just a hunch based on their previous pattern of keeping us updated.

I hope I'm right.


IFXY!

Draego

I like how someone tried to dump 500000 at bid just before close to knock us down.


Whoever it was, it will take more than you to knock me off the bid when I am supporting it.

Here's to some good PR's coming our way......IFXY!

Draego

What authorizes you to post for Mr. Laws?

I thought you only deal in facts. This is hearsay unless you can back it up.

Someone dumped on us to lower the price to try a panic sell into next week i think.

i bought 100000 and tried to time it to prevent eh phricking MM games. it went through and immeidately an mm knocked the price down again.

Completely orchestrated bullshit at the end of the week.


We need a press release about itron compliance and sales and we need it now.

Draego

10q out

Draego

BC,

do we know **for sure** what the actual due date of the 10Q was?

Thanks man.

Draego

I like it when my clients are unable to attend first thing in the morning - i get to watch the chatter on the message boards and hear the sound of my own...typing....

regardless, IFXY is poised for big things in the next few months. this 10Q is just the start

IMHO only

draego

also, I (or we) may be using the wrong 'due' date...it is due 5 days after it was originally due - i believe someone indicated it WAS due on the 15th....not 5 days post filing....

Soooooooooooooooo...

my numbers may be off.

Draego

remembering that the form says calendar days not business days...again how this is interpreted only the SEC and their lawmakers would know...

Draego

not counting...asuming day 1 post is the 16th, day 2 17th, day 3 18th, day 4 19th, day 5 20th....which is a sunday...day 6 is 21st....holiday....day 7 is today.

again IMHO who knows how the SEC handles holidays

Draego

The rule states '5 Calendar days'......which is the 21st. so if they get one days grace for the holiday, today is the 'fifth' day.

IMHO only

Draego

The following is only my guess based on how they have released news in the past few months:

I think we will see an after hours announcement today or tomorrow of Itron compliancy.

The next day during market hours we will see an announcement of orders for smart meter components from Infrax by Itron.


I think they are going to try and have this inplace so at the conference they can woo potential customers with both Itron compliancy AND Itron pending orders.


Again, only my thoughts. Sure hope I am right

Draego

I was going to smack it but someone beat me to it.

I can't believe they are letting us get this company at this price.......

draego