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AITX lots of great news this week, local news station stories and exposure. This one will go big soon.
AITX news!!!!
Company Continues to Demonstrate Continued Growth & Path to Operational Profitability
Detroit, Michigan, September 23, 2024 — Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK: AITX), a global leader in AI-driven security and productivity solutions, announces an extension of its commitment to not executing a reverse split before January 1, 2026, with two exceptions.
The filing commits the Company to extend by one year its current ‘no reverse split’ corporate amendment. The current amendment was scheduled to expire on January 1, 2025. The commitment now extends to at least January 1, 2026, with two exceptions: the Company uplists to NASDAQ or the NYSE, or our authorized shares are reversed at the same rate as our outstanding shares.
“While we have had no intention of conducting a reverse stock split until we uplist to a major exchange, I understand the stress put on retail investors bombarded with rumors of a reverse split despite my continued statements to the contrary. Our extending this time period by 1 year is about continuing the incredible relationship we have with our investing community,” said Steve Reinharz, CEO of AITX.
The Company encourages interested parties to watch the ‘AITX Weekly Video 9/21/2024’ that adds an additional explanation to recent SEC filings, specifically with the Company direction of working to ‘Go Big’.
“As we’ve noted, we can bring RAD Inc. to profitability should we choose to halt innovation and reduce the rate of growth. It’s the first step to total profitability. Furthermore, we believe RAD-R, home of RADCam™, can be fully profitable its first year. We’re on track to operational profitability, net of a few items this fiscal year.” Reinharz noted.
Alongside this, AITX has filed to increase its authorized share count to 15 billion common stock shares from its current authorized maximum of 12.5 billion. This 20% increase is expected to be released incrementally, over a period of time. Use of funds will continue to fund growth, R&D, and normal business operations.
AITX desires to continue and accelerate key projects and innovations that are expected to change the landscape of AI security, from groundbreaking residential solutions like RADCam to autonomous mobile robots like ROAMEO™ and RADDOG™. The strategic increase in shares is all about ensuring AITX has the resources to put the pedal to the metal – investing heavily in innovation, expanding marketing efforts, and grabbing market share while it’s ripe for the taking. Ultimately all of this is expected to add exponential shareholder value, as the company has shown by revenue growth over the past few years and continuing forward.
“Realizing how our vision is coming together is electrifying, and simply put, we must continue to invest,” added Reinharz. “Our development pipeline is loaded with projects that are not just pushing boundaries, they’re redefining the security and robotics industries. ROAMEO, RADDOG, RADCam, HOAP, and more are poised to revolutionize how companies and consumers approach security. But to do that, we need to continue moving at full throttle. This increased financial flexibility is critical to positioning us not just to compete in these spaces, but to lead them.”
VOR appoints new CFO
AHRO NEWS $$$$
FLGC news $$$$$$
HUGE AITX NEWS!!!!!
Order Value Exceeds 50% of the $1 Million In Annual Recurring Revenue Previously Announced
Detroit, Michigan , Sept. 26, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, along with its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD), is pleased to announce that it has received an expansion order for 32 RIO 360 solar-powered security towers from an existing client. The specifics of the new order, including the client’s identity and other financial details, remain confidential due to non-disclosure agreements.
The 32-unit order represents more than 50% of the total annual revenue initially projected for this client. The Company announced on August 14, 2024 , that it anticipated annual recurring revenue (ARR) from this client to exceed $1 million .
Steve Reinharz , CEO/CTO of AITX and RAD commented, “We will continue to keep our community, fans, and followers up to date on our progress, and you can expect additional updates as much of our business development team returns from a highly successful GSX 2024 trade show. We’re excited about the growth we’re seeing and look forward to sharing more exciting developments in the near future.”
FLGC great news yesterday! Price target of $6!!!!
AITX news "Extends commitment on No reverse stock split"
AITX beta testing moving forward, all testers signed NDA's and deliveries coming soon, once the full production is offered publicly this will explode! Get it now and watch the $$$$$ flow!
VOR FLGC good entry points here
FLGC $6 price target by May2025, get it now!
FLGC oh yeah!!!
VOR getting a little volume...
FLGC looking for new HOD.......
FLGC news
Flora Growth Corp. (NASDAQ:FLGC) announced Wednesday a supply agreement with Blossom Genetics to bring Colombian medical cannabis to the German market.
What Happened: This collaboration will introduce two strains, Chemmy Jones and Northern Lights, to the European country. The move follows the company's recent acquisition of Germany-based TruHC Pharma GmbH in response to the country’s recent cannabis reform.
Flora’s wholly-owned subsidiaries have been active in Germany since 2017, being among the first to obtain medical cannabis licenses in the country. Flora also holds an EU-GMP facility in Germany and has a distribution network with access to over 1,200 pharmacies nationwide.
FLGC got some now! In early, huge price target!
https://www.wallstreetzen.com/stocks/us/nasdaq/flgc/stock-forecast#:~:text=On%20average%2C%20Wall%20Street%20analysts,FLGC%20share%20price%20of%20%241.05.
AITX going again! $$$$$$$$
VOR strong buy rating and huge price target!
https://www.nasdaq.com/market-activity/stocks/vor/analyst-research
AITX ON THE MOVE!!!
watching STEM here....non-compliance warning, new CEO, lot to make it move.
$$$HOOD$$$ Barclays raises price target
VOR good call! up 10% pre market from my entry!!!
agree, got in at 0007 and holding long
More than likely corporate selling shares for the upcomming acquisition
ASII news!!! New CEO!
AITX news....cash flow positive this month!
STEM HOD climbing consistently
STEM is waking up
ASII holding long......
AITX News out
RAD’s Fiscal Year 3rd Quarter Order Intake on Track to be Record Breaking
Detroit, Michigan , Aug. 15, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. , (the “Company”) (OTCPK:AITX), is pleased to share it has been told it will receive an additional 15 sites for RIO device placement. The design for each site has been completed and it is expected the 15 sites will use an additional 52 RIO™ solar-powered security trailers which will total nearly $1 million in annual recurring revenue (ARR) and over $1 million annual recurring revenue when additional remote monitoring contract fees are included.
On August 1, 2024 , AITX reported that its recurring monthly revenue (RMR) had grown to approximately $625,000 , factoring in both deployed units and those in various stages of deployment but excluding the expected revenue noted in the July 23, 2024 press release. The July 23 press release discussed the addition of 58 additional RIO orders and the Company noted that a subsequent press release will share the number of purchase orders received to date against those expectations. The notice received by RAD for these additional 15 sites is in addition to what was shared on July 23 . That press release also highlighted a backlog of devices expected to generate additional RMR upon deployment. The Company noted additional orders have been received and it continues to expect significant contributions from other clients in the sales funnel.
The sum of deployed revenue from both the July 23 press release and the additional sites noted in this press release will, if and when deployed, accepted and invoiced, will bring RAD’s core device SaaS revenue over $800,000 in RMR. When factoring in over $100,000 in remote monitoring revenue, when deployed, will bring RAD’s annual recurring revenue run rate over $10,000,000 .
ASII....AITX....news
ASII shaping up well, great press releases. Very similar to AITX 2 to 3 years ago....both are a great buy and hold for huge profits. The CEO's are doing things the right way.
$$$ASII$$$ Can't remember who was talking about it the other day, but I jumped in it at .0005 THANK YOU!